Mint Mumbai - December 15, 2023
Mint Mumbai - December 15, 2023
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In this issue
December 15, 2023
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
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
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
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
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
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 min
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 min
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 min
₹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
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 min
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 min
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 min
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 min
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
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
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
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
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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