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Mint Mumbai - December 15, 2023

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In this issue

December 15, 2023

Stocks At New Highs As Fed Signals Three Cuts In 2024

Technology stocks lead rally; FPI net inflows touch 39,260 crore in December

2 mins

Big chunk of CPI items within RBI's range, yet inflation is up

Retail inflation in November rose at the quickest pace in three months, but a closer look tells a slightly different story.

2 mins

MCA set to roll out e-hearings

Soon, corporate lawyers and executives will no longer have to turn up at company registrar offices for case hearings, with the government preparing the ground for virtual hearings on its MCA21 portal.

2 mins

Ackman's clash reveals messy world of big donations

Prestigious universities are learning the costs of the big gifts they receive from prominent donors.

3 mins

Industrial policy to wait; tweaks likely after next elections

The wait for India's new industrial policy just got longer with the government expected to take a fresh look at it following global supply chain shifts, greater urgency on the green agenda, and geo-political developments, two people aware of the matter said.

2 mins

Centre not looking at any new PLI schemes: Official

The Centre will not expand its productionlinked incentive or PLI scheme this financial year, preferring instead to wait until the new central government is in place next year to decide whether to enlarge the list of sectors that get incentives for domestic manufacturing.

1 mins

₹3 trillion power distribution scheme may get extension

The govt seeks to connect more households, especially in rural areas, to the electricity grid

2 mins

Wholesale prices at 8-month high in Nov

India's wholesale inflation reached an eight-month high in November, driven by prices of food and other key commodities, after contracting since the beginning of this financial year.

1 mins

Oil demand growth in India to taper in 2024 after bumper years

Oil demand growth in the key Asian market of India is set to slow next year as the spurt in consumption that followed the pandemic fades, echoing a slowdown in China and presenting a fresh headwind for prices.

1 mins

Udaan raises $340 mn in debt-equity mix

The unicorn's funding was led by M&G, Lightspeed Venture, DST Global

2 mins

ITC stock lacks near-term spark

ITC Ltd’s investors have little to complain about. Since its meeting with analysts in December 2021, the cigarette-maker’s shares have doubled. What is more, the strategies outlined by the company at its recent analysts’ meet point to solid long-term prospects.

2 mins

Wall Street Traders Go All-In On Great Monetary Pivot Of 2024

After clashing in recent years, Wall Street traders and the Federal Reserve are — for once— broadly in sync: The great monetary pivot is near as central bankers engineer a once-unthinkable soft landing in the world’s largest economy.

1 mins

Kia guns for 17% of India's EV car mkt

Kia India aims to corner a 15-17% share of India’s nearly 1-million-unit market for electric passenger vehicles by 2030, much higher than its overall market-share target of 10% by that year, its chief executive officer and managing director Tae-Jin Park said.

1 mins

Ad spends to grow 12% in 2023 to 1.09 tn

Advertising expenditure in India is expected to A grow 11.8% in 2023 to ₹1.09 trillion ($14 billion), putting the country on track to breach into the top 10 global advertising markets by 2028, a report has said.

1 mins

Mahindra set to drive in its first electric truck in 2025

Leading domestic automaker Mahindra & Mahindra is developing its inaugural range of electric light commercial vehicles (LCVs) to position itself in a fiercely competitive segment that is transitioning from conventional fuels to cleaner technologies such as compressed natural gas (CNG) and electrification, two people with direct knowledge of the company’s plans told Mint.

2 mins

Vedanta parent rejigs debt; S&P trims rating

Vedanta Resources plans to partially pay off and delay three bond series

2 mins

Adani's copper foray to tighten ore supply

The Kutch Copper Ltd facility is expected to come online in March next

2 mins

ECB Pauses Again But Warns On Inflation

The second straight pause keeps the ECB's benchmark deposit rate at 4%

2 mins

Lok Sabha security breach row: 15 Opposition MPs suspended

The MPs disrupted proceedings in Parliament; government says don't politicize issue

1 mins

THE SILENT MIGRATION FROM CYCLONE CAPITAL

With no livelihoods in place amid the climate crisis, women and men in the Sunderbans are forced to move out

8 mins

What the 10% income in LIC Jeevan Utsav policy implies

The policy only offers subscribers a guaranteed 10% payout of the sum assured annually

5 mins

How The Sequence Of Returns Risk Can Be A Spoiler For Your Retirement

Imagine a retiree investing just 50% of their corpus in December 2007, at the peak of euphoria in the Indian equity market during the 2003-07 bull run.

3 mins

Record digitization will spell landmark progress

Digitized land records should boost infrastructure development as the Gati Shakti platform makes use of this data while title clarity could give the poor a better chance to escape poverty

2 mins

The COP-28 deal left out a big point: Who pays and for what?

Only piffling sums were committed while funding needs are huge

3 mins

CoP-28 should be celebrated for its big 'no excuses' call to action

The UN summit's collective resolve on fighting climate change has raised expectations of actual deeds to go with lofty words

3 mins

Read all Stories from Mint Mumbai

Mint Mumbai Description:

Publisher: HT-Digital-Streams-Ltd.

Category: Newspaper

Language: English

Frequency: Daily

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