Mint Mumbai - July 06, 2023
Mint Mumbai - July 06, 2023
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In this issue
July 06, 2023
Byju's shareholders clamour for clarity on funds at EGM
Anxious shareholders grilled the founders and the management of edtech giant Byju’s at an emergency meeting on Tuesday, seeking explanations about funds utilization, with some even demanding that founder Byju Raveendran step aside to make room for an interim chief executive officer (CEO).
2 mins
June services PMI hits 3-mth low, still in expansion zone
India's services sector contracted to a three-month low in June but remained buoyant amid strong demand, a private survey said on Wednesday.
1 min
Increase in number of live organ transplants raises alarm
The union health ministry has directed all states and union territories to furnish the latest and timely records of transplants of organs from living persons after data reported by their licensing authorities set alarm bells ringing.
1 min
Wind turbines may see new quality rules
India is looking to tighten wind turbines standards and the ministry of new and renewable energy is likely to announce a quality control order (QCO) soon, people in the know said. The standards will be aimed at meeting the requirements for various equipment used in wind turbines, ranging from gears to blades.
2 mins
Investment banking fees defy weak M&As
Investment banking fees in India rose 17% from a year earlier in the first half of calendar 2023 even as the number of mergers and acquisitions deals fell during the period.
1 min
Multiples PE leads ₹1,200 cr funding in Veritas Finance
The deal comprised a primary issue of 400 crore and gave a partial exit to early investors
2 mins
RBI panel sets global road map for rupee
A Reserve Bank of India (RBI) appointed committee on Wednesday has recommended a roadmap to achieve internationalisation of rupee including efforts for inclusion in the International Monetary Fund’s Special Drawing Rights (SDR) basket.
1 min
Peak season past, spot airfares soften
Spot airfares witnessed a significant fall compared to levels seen in the June quarter. Heavy-traffic routes, in particular, have witnessed an average decline of 50%, as demand waned following the peak summer season, according to data accessed by Mint.
2 mins
Maruti rolls out its costliest product Invicto at ₹24.79L
Maruti Suzuki, India’s leading automaker, is diversifying its premium lineup with the launch of the Invicto, a seven-seater hybrid multi-purpose vehicle based on the Toyota Innova HyCross. Priced at ₹24.79 lakh ex-showroom, it is Maruti Suzuki’s most expensive offering in the market to date.
1 min
After Harley, Bajaj-Triumph trains guns on Royal Enfield
Bajaj Auto and British luxury motorcycle brand Triumph on Wednesday launched their maiden offerings with two 400cc modern classics, strategically designed to woo the Indian youth.
1 min
Rising demand drives hotel expansion plans
India’s largest hotel chains are rapidly expanding their portfolios amid record-high room rates.
2 mins
Amazon seller exports from India to cross $8 bn this year
The firm had earlier revised its target of cumulative exports from $10 bn to $20 bn by 2025
2 mins
Jio's content push may stir an OTT turf war
JioCinema, the video streaming platform owned by Mukesh Ambani’s Reliance Industries Ltd, is set to disrupt the Indian OTT market with its free local language programming, which sets it apart from rivals such as SonyLIV or ZEE5, who have similar content behind a paywall.
2 mins
Tata Steel: India steel demand to stay robust this fiscal yr
Demand for steel in India is expected to remain robust this financial year with consumption growing in double digits on the back of infrastructure development, rapid urbanization and supportive policy reforms, Tata Steel chairman Natarajan Chandrasekaran said at the company’s annual meeting of shareholders on Wednesday.
1 min
Israel ends raid on West Bank
The large-scale military operation over the previous two days has left 12 Palestinians and an Israeli soldier dead
2 mins
Can A Single Woman Working As A Freelancer Secure A Home Loan?
It is very much possible to secure a home loan with proper planning and consideration.
1 min
Relieve GST of its warps to regain its reform cred
The great tax simplifier has not met its promise so far. GST has spurred formalization and scored its 'one market' goal, but it awaits a major reset to prove itself historic as a reform
2 mins
It will take nuclear energy for global shipping to hit net zero
It has its risks but uranium is the green fuel that ships must adopt
3 mins
Anti-corruption drives that turn cronyist can worsen the scourge
The relative elasticities of corruption among groups in favour and out of it could end up sending aggregate pelf even higher
3 mins
Music With AI Elements Eligible For Grammys
As the music industry comes to terms with Al, so too will the Grammys
2 mins
Mint Mumbai 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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