Mint Kolkata - December 24, 2024
Mint Kolkata - December 24, 2024
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In this issue
December 24, 2024
Internal candidates land top Wipro jobs
Veterans at Wipro Ltd are steadily rising to the top in Srinivas Pallia's eight months in the corner office, at a time when India's fourth largest technology services firm is working to recover from a full-year revenue decline.
1 min
GST on corporate sponsorships eased
Shifting the onus of remitting tax on sponsorship deals from the donor is set to enable the donor to lower its overall tax liability
2 mins
India plans to import 20 more cheetahs, 2 elephants
India is in discussions with Kenya, Botswana and Tanzania to import 20 more cheetahs and two female elephants by March, two government officials said.
1 min
Sales ratio shows growing e-mobility ecosystem in '24
Govt's electric mobility push fuels EV sale compared to falling sales of fossil fuel vehicles
2 mins
Weather woes could crush sugar production hopes
Sugarcane yields in India are declining due to last year's drought and this year's excessive rains, which could reduce the country's sugar production below consumption levels for the first time in eight years, farmers and industry officials said on Monday.
1 min
PNGRB to expand LPG pipeline for safer transport, cost cutting
The Petroleum and Natural Gas Regulatory Board (PNGRB) is planning to expand India's pipeline network for safer and eco-friendly transportation of liquified petroleum gas (LPG), said Anil Kumar Jain, the chairperson of PNGRB.
1 min
Aakash's ex-CEO launches new edtech startup
Sparkl is an AI-powered online one-on-one tutoring platform focusing on 6-12 grades for IGCSE and IB curricula
1 min
Used car platforms set for bumpy ride ahead
GST hike on small cars to hurt margins; buyers, too, may have to pay more
2 mins
Polycab India is wired for growth and the stock reflects it
For Polycab India Ltd, FY25 is shaping up to be an eventful year. Consolidated revenue for the half year ended September (H1 FY25) surged nearly 26% year-on-year to about ₹10,200 crore.
1 min
Sebi halts trading in Bharat Global in rare such action
BGDL's share price surged 105x over the past year, rising from ₹16.14 in Nov 2023 to ₹1,702.95 in Nov 2024
1 min
Sensex, Nifty up after 5-day loss
The Nifty and Sensex dropped about 5% last week, the worst since June 2022
1 min
Rupee slips to all-time low pressured by weak yuan
The Indian rupee weakened to its lifetime low on Monday, pressured by weakness in the offshore Chinese yuan and strong dollar bids from importers, likely related to month-end payments, while state-run banks' dollar sales capped the decline.
1 min
Siemens stares at bumpy FY25
Siemens Ltd's shares have plummeted about 12% in the past two trading sessions.
2 mins
Banks push for new rate benchmark
A group of Indian lenders has asked the central bank to approve a new benchmark for overnight indexed swaps, according to people familiar with the matter.
1 min
In emerging markets, 'better luck next year' is a hard sell
Emerging markets-focused investors have had little to celebrate over the past year.
2 mins
High-speed data plans to target concertgoers
Users seek reliable data connectivity when they attend high-profile events
2 mins
Mahindra arm narrows focus to 3 cities
Mahindra Lifespace Developers Ltd, the realty arm of the Mahindra Group, will pause fresh investments in the Delhi National Capital Region (NCR) region, and narrow operations to markets where it can create a niche as a 'net zero' developer.
2 mins
Adani to buy Air Works for ₹400 cr
Adani Group on Monday said it will acquire aviation maintenance, repair and overhaul (MRO) services firm Air Works for an enterprise value of ₹400 crore.
1 min
GEF Capital bets $20 mn on EPACK Prefab
GEF Capital Partners, which last week led a funding round in the global products and solutions unit of Vedanta-owned Sterlite Power Transmission, has made a fresh bet in the modular construction segment.
1 min
Carmakers Honda, Nissan enter a basic agreement for merger talks
The company plans to repurchase as many as 1.1 billion shares, or almost 24% of its stock excluding treasury securities.
2 mins
Housing finance sector sees funding rise tenfold
As per the National Housing Bank (NHB), an entity that supervises housing finance companies, India has 82 mortgage lenders.
1 min
Google offers looser search deals as a remedy in US case
The offer comes even as the US government pushes to make Google sell its Chrome browser
2 mins
Poor concert infrastructure triggers a discordant note
India's booming concert scene faces a reality check as logistics fail to keep up with demand
2 mins
Short-form apps' innovative, local content enthrals users
Regional creators, nano-influencers are redefining digital content by crafting authentic and localized stories
2 mins
India's external trade braces for an action-packed '25
A silver lining is the border disengagement with China, followed by a bilateral meeting Modi and Xi
2 mins
Govt spending may power recovery from growth lull
Restoring India's economy to its pre-pandemic trajectory remains vital, particularly for the economically weaker sections.
4 mins
RETHINKING THE PURPOSE OF ECONOMIC POLICY
The purpose of economic growth must be to improve the ease of earning and living for all
3 mins
India crosses key clean power milestone, but has miles to go
In the 12 months to October, India installed 24.2GW renewable energy capacity, crossing the 200GW milestone
4 mins
Climate change is now a real and pressing economic threat
Climate change is no longer just affecting lives. It's hurting the economy more than ever before, whether through extreme heat or rain bringing down farm output and driving up prices, or making countries adopt cross-border tariffs to factor in the costs of carbon reduction. And it's only going to get worse.
2 mins
INDIA'S CLIMATE AGENDA AND A NEW GREEN ECONOMY
Transition to a green economy could serve as a model for other developing nations
2 mins
Xi digs in with top-down economic plan even as China drowns in debt
Xi Jinping is bracing for a showdown, sticking with economic policies aimed at making China the world's most powerful country
7 mins
Lohia Auto launches EV brand 'Youdha'
Lohia Auto on Monday announced the launch of EV (electric vehicle) brand 'Youdha' as part of its ₹20-crore expansion plans and said it looks to manufacture and sell 300,000 electric vehicles (EV) under the brand by 2027.
1 min
B'desh minister says country wants ex-PM Hasina extradited
Bangladesh-India ties took a hit after interim government led by Yunus assumed power
2 mins
Jio loses 3.8 million wireless subs in Oct
India's largest telecom operator Reliance Jio lost 3.76 million wireless subscribers in October but spruced up its active mobile subscriber base by adding 3.84 million users, as per monthly data released by the Telecom Regulatory Authority of India on Monday.
1 min
First ONOE panel meeting on 8 Jan
The first meeting of the 39-member parliamentary panel on 'one nation, one election' (ONOE) is set to be held on 8 January, setting the tone for nationwide deliberations on the key poll reform measure of the Prime Minister Narendra Modi-led NDA government.
1 min
Non-life insurers' claim ratio falls
Net incurred claims to net earned premium (claims ratio) of non-life insurance industry stood at 82.52% during 2023-24 as against 82.95% in the preceding fiscal, as per the Insurance Regulatory and Development Authority of India's (Irdai) annual report.
1 min
ICAI probing Byju's alleged audit errors
(Institute of Chartered Accountants of India) president Ranjeet Kumar Agarwal on Monday said its disciplinary committee is investigating alleged auditing lapses at edtech firm Byju's. However, he did not divulge specific details about the issues that are being looked at.
1 min
Residential sector is big polluter: study
Pollution in east, north and central Indian cities primarily comes from residential and transportation sectors, while in western India, industry and energy are the main contributors to local PM2.5 pollution, a study has found.
1 min
By 2027, data centre capacity to double
India's data centre capacity is set to more than double to 2-2.3GW (gigawatts) by 2026-27, led by increasing digitalization as organizations increase their investments in cloud storage, Crisil Ratings said in a report.
1 min
Veteran filmmaker Shyam Benegal passes away at 90
Veteran filmmaker Shyam Benegal, who heralded the Indian parallel cinema movement in the 1970s and 1980s with films such as Ankur, Nishant and Manthan, died on Monday, his daughter Pia said.
1 min
DAM Capital IPO subscribed 82 times
The initial public offer of investment bank DAM Capital Advisors Ltd was subscribed 81.88 times on the closing day of bidding on Monday.
1 min
Sriram Krishnan: US' new AI advisor
President-elect Donald Trump on Sunday named Indian American entrepreneur, venture capitalist and author Sriram Krishnan as senior white house policy advisor on artificial intelligence (AI).
1 min
Is overseas PF withdrawal taxable in India?
I worked in Singapore from 2001 until I moved back in 2020. My PF account was closed under their updated rules and I received the balance in my Indian account in August. Will this amount be taxable in India?
1 min
BUDGET WISHLIST: GREEN PERKS, TAX BREAKS, REFORMS
With a new income tax law in the works, it is an opportune time for unified tax regime
3 mins
Navigating credit card options for seniors: Bank ties, FDs and more
Here's everything you need to know about the secured and unsecured credit card options for senior citizens
3 mins
We need more sectors to become reliable dollar earners
India must tap new export opportunities, especially in service sectors like tourism and education
3 mins
Too many outcome shapers are too distant from ground realities
The ivory tower is all too real. It explains a key deficiency in well-intentioned but useless analysis
3 mins
The education imperative: May Parliament rise to the challenge
A country can't prosper if too many children are left behind and it's for our parliamentarians to transform this grim reality
4 mins
Piketty's tax advice for India should provoke thought
The country all but embraced Reaganomics but it may be time to address worsening inequality
4 mins
AI robots are on their way and they're likely to be Asian made
Artificial intelligence is breathing new life into robotics in Asia
3 mins
What's going on your action board for 2025?
Action boards help break down your bigger aspirations into achievable goals
2 mins
Deepak Chopra's latest vision: Integrating AI & well-being
Indian-American author & new-age guru Deepak Chopra is optimistic about the power of AI in enabling personal growth
3 mins
Mint Kolkata Newspaper Description:
Publisher: HT Digital Streams Ltd.
Category: Newspaper
Language: English
Frequency: Daily
The business newspaper “Mint” published by one of the leading media houses of India, Hindustan Times, in association with Wall Street Journal. It aims to connect India to the world and the world to India in terms of business, economy, regulation and policies...
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