Mint Mumbai - January 04, 2024
Mint Mumbai - January 04, 2024
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In this issue
January 04, 2024
SBI To Raise Up To $750 Mn In US Via Reg S Bonds
India's largest lender State Bank of India (SBI) is looking to tap the US bond markets to raise $500-750 million, said a person aware of the development.
2 mins
Relief for Adani as SC lifts Hindenburg report cloud
No grounds for special investigation; Sebi to conclude its probe in three months
3 mins
Divestment target for FY25 may be at least 20% lower
The government a divestment may set target for the coming fiscal year that is at least 20% lower than what was estimated for the current year, two people aware of the development said.
2 mins
Vedanta's bond plan passes test, gets space to deleverage debt
Vedanta Resources, the London-based parent of India's Vedanta Ltd, has bought itself breathing room as it received investor consent on Wednesday to delay the maturity of a cumulative $3.2 billion of its outstanding corporate bonds.
2 mins
Tech stocks' AI hangover might just be getting started
One thing already seems certain about 2024: AI is going to need to start showing the money. Whether it can is a whole other question.
3 mins
Dec manufacturing at 18-month low as output, orders cool
The pace of growth in India's manufacturing activity fell to an 18-month low in December as output growth and new orders softened, a private survey said on Wednesday.
2 mins
Indian exporters brace for price hikes
Indian exporters may have to continue bearing rising shipping costs as normalcy eludes the Red Sea region and freight companies continue to avoid the Suez Canal, opting for the longer route around Africa to reach the West.
2 mins
Nicobar shipping hub tender likely next month
The government plans to invite financial bids next month for the 18,000 crore first phase of international container transshipment terminal proposed to be built in Great Nicobar.
1 min
'India should weigh lithiumion options for e-mobility'
Sood specifically mentioned sodium-ion and aluminium air batteries as alternatives to lithium
2 mins
Rajasthan govt wants to continue Congress health plan
The new BJP government in Rajasthan has sought the union health ministry's approval to integrate the previous administration's Chiranjeevi health insurance scheme with the Centre's Ayushman Bharat programme, two officials privy to the matter said.
1 min
'Edelweiss aims to make alternatives a $1 billion biz'
Edelweiss Asset Management Ltd, the mutual fund arm of the Mumbai-based financial services provider Edelweiss Group, is foraying into private credit with plans to launch an investment vehicle, a couple of years after rolling out a private equity fund.
3 mins
Nikesh Arora: Paycheck powerhouse
Nikesh Arora has repeatedly succeeded in winning big paychecks.
1 min
Amber picks 60% stake in Ascent Circuits
Amber Enterprises India Ltd, a homegrown a diversified B2B electronic manufacturing services provider, said on Wednesday that it has signed an agreement to acquire a 60% stake in Ascent Circuits Pvt. Ltd.
1 min
Mfg slows amid global challenges
While the Indian stock market scaled new peaks in December, activity in the manufacturing sector has W lost momentum.
2 mins
Stocks, bonds suffer record new year drop
Traders hoping that a pan-markets rally would pick up year-end.
1 min
Are QSR firms bracing for another quarter of disappointment?
For investors in shares of quick service restaurant (QSR) companies, the menu looks rather insipid.
2 mins
Aviation industry aims for growth with sharp focus on supply in 2024
The year 2023 was a rollercoaster ride for the Indian aviation industry. If Go First going under was the most significant setback, the record number of domestic travellers taking to the skies was its biggest feat.
2 mins
Vietnamese EV maker VinFast to set up battery plant in India
Vietnamese electric vehicle maker VinFast is set to open its first Indian manufacturing facility, where it will make batteries, in the southern state of Tamil Nadu, three people familiar with the matter said.
1 min
Xiaomi evaluating local production of its tablets
The Indian unit of Chinese smartphone maker Xiaomi said it's evaluating local manufacturing of its tablets, as New Delhi seeks to curb imports of IT hardware products, and boost investment and entrepreneurship in the world's fifth-largest economy under its flagship Make in India initiative.
1 min
Bengaluru court sends Dalal-Wipro case to arbitration
A Bengaluru city civil court on Wednesday asked Wipro Ltd and its former chief financial officer Jatin Dalal to resolve the issue of alleged violation of non-compete clause in the latter's employment contract before arbitration.
1 min
PE firm InvAscent keen to list five portfolio companies
Private equity firm InvAscent is preparing to list five portfolio companies across health and pharmaceuticals segments over the next 24-36 months, as the firms achieve scale, chairman and managing director Hari Buggana said in an interview.
2 mins
Disney Star to strengthen regional play
The Disney Star network is looking to strengthen its hold on the regional television space, as viewers emerge from the pandemic to demand quality content and are open to discovering new stories and characters that are close to reality.
2 mins
Bajaj Auto shares hit a new record as co plans buyback
Board to discuss proposal on 8 Jan; buyback may be bigger than its previous one in July
2 mins
Mixed bag for spirits this year?
Smaller regional companies are poised to hog the limelight with faster growth than their larger counterparts
2 mins
VW sees promise in an innovative EV battery technology
Volkswagen AG said its battery startup has seen promising results with solid-state cells for electric vehicles, a win for the German carmaker as it pushes to make EVs more efficient and less expensive.
1 min
SpaceX Launches First Cell Service Satellites
Elon Musk's SpaceX launched its first six satellites capable of offering mobile phone service as the company races to bring more connectivity to remote areas.
1 min
Wider war feared on Hamas leader's killing
Israeli forces kept up their assault on the Gaza Strip on Wednesday and told civilians to leave a refugee camp in the north of the Palestinian enclave after the war reached into Lebanon with the killing in Beirut of the Hamas deputy leader.
2 mins
Over 100 killed in blasts near Iranian commander's grave
Two explosions killed more than 100 people and wounded scores at a ceremony in Iran on Wednesday to commemorate top commander Qassem Soleimani who was killed by a US drone in 2020, Iranian officials said, blaming unspecified \"terrorists\".
2 mins
Xi's Mixed Messages Leave Whiplashed Investors Wary Of China
President Xi Jinping spent last year trying to woo foreign capital while continuing to reshape China's business environment to ensure his power can't be challenged at home or abroad. Those sometimes-conflicting goals have left investors confused and put bureaucrats on edge.
3 mins
WHAT GABBY GINGRAS, THE GIRL WHO FEELS NO PAIN, MEANS FOR THE INDIAN INVESTOR
All of us hate pain.
2 mins
How Do I Invest In Mutual Funds, Diversify Investment Portfolio?
I am 36 years old and work in the IT sector, as does my wife, aged 34. We have a two-year-old daughter.
2 mins
Why most retirees don't find refuge in reverse mortgage
It offers senior citizens a regular monthly income but scheme comes with several conditions
5 mins
The Adani Episode Gave Investors Lessons On Risk
The Supreme Court's confidence in Sebi's probe of alleged violations by the Adani Group has been taken by investors as an early indicator of a let-off, but risk learnings must not get lost
2 mins
War outbreaks mustn't distract us from our collective priorities
The ongoing war in Ukraine and the fighting in Gaza following Hamas's 7 October terrorist attack must not distract the world from our collective priorities: reducing our carbon dioxide emissions, aiming for carbon neutrality by 2050, preserving biodiversity, and fighting poverty and inequality.
4 mins
Exploring age-old restaurants on a tiffin trail in Tamil Nadu
Where to find crispy dosas, comforting poriyal and piping hot Filter coffee in Chennai, Madurai and Coimbatore
3 mins
The wonderland of 19th century Bengali fantasy
Another book attempts to bring the 19th century writer Trailokyanath Mukhopadhyay's fabulist, magical realist brilliance into English
4 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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