Mint Mumbai - November 12, 2024
Mint Mumbai - November 12, 2024
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In this issue
November 12, 2024
Stock options filter down to junior staff in race for talent
Companies across industries are rolling out the red carpet for middle and junior management employees in a bid to both retain top performers as well as attract new talent.
3 mins
Trump victory leaves China calling the shots at COP29 climate negotiations
With Donald Trump's election victory, the U.S. is headed again for the exits of the Paris accord, the international climate agreement signed nearly a decade ago, and toward an energy policy inspired by Trump's campaign mantra \"drill, baby, drill.\"
4 mins
Trump win gives a lift for Novelis
The election of Donald Trump as the next president of the US bodes well for aluminium maker Novelis Inc., a top executive of its parent Hindalco Industries Ltd said.
2 mins
Adani plans a metal blitz with $5 billion war chest
Presence in power and transport, captive use may keep costs under control
3 mins
Index options trade roars as curbs loom
Index options trading on the National Stock Exchange (NSE), the country's largest stock exchange, hit a record high based on the number of contracts traded in October.
2 mins
Remove NTBs from India-Russia trade, says Jaishankar
The imbalance in India-Russia trade needs to be addressed urgently, including steps to remove non-tariff barriers and regulatory impediments and facilitate the settlement of trade in national currencies, external affairs minister S Jaishankar said on Monday.
1 min
IEPFA's digital revamp to make claim approval faster and easier
Getting refund of shares, unclaimed dividends, matured deposits and debentures is likely to get easier for investors and their heirs with the Investor Education and Protection Fund Authority (IEPFA) that manages these assets set to complete its digital transformation in months.
1 min
COP29 opens echoing calls to reform financial system
Conference under the shadow of fears of global temp rising 1.5C above pre-industrial levels
2 mins
Centre may release ₹70,000 cr capex loans to states in Q3
The Union government is likely to release ₹50,000 crore to ₹70,000 crore to states as part of its 'special assistance for capital investment' scheme in the three months to December (Q3, FY25), to be used for ramping up capital expenditure, two people aware of the matter said.
1 min
Hospitals should serve more moong dal
The move is part of an effort to boost moong demand in public institutions in order to stabilize prices for farmers
2 mins
India's crypto industry expects Bitcoin surge to boost local biz
Trump's embrace of digital assets and his likely pro-crypto policy may send Bitcoin's price above $100,000
2 mins
Foreign outflows, oil demand send rupee to record low
The Indian rupee slipped to an all-time low on Monday, pressured by weakness in regional currencies and sustained outflows from local equities but central bank intervention helped avoid sharp losses, traders said.
1 min
SC junks Sebi's fine on Mukesh Ambani
The Supreme Court on Monday dismissed a plea by the Securities and Exchange Board of India (Sebi) to impose a ₹25 crore penalty on Mukesh Ambani, chairman and managing director of Reliance Industries Ltd (RIL), over alleged share manipulation involving Reliance Petroleum Ltd (RPL) in November 2007.
1 min
Smooth road for Tata Motors?
Operating leverage is a double-edged sword, and Tata Motors Ltd illustrates this well.
2 mins
Page Industries may find it tough to replicate Q2 success
Page Industries Ltd's investors seem confident after its September quarter (Q2FY25) results beat expectations.
1 min
Equity MFs see record inflows
Inflows into equity mutual funds continued for the 44th month in a row in October, the longest on record
1 min
Blue chips may rise again as small- and mid-caps overheat
Large-cap stocks provide greater stability and are less vulnerable to market corrections, experts say
1 min
Vedanta to invest $500 mn in AvanStrate
Tokyo-based AvanStrate is looking to bolster its R&D, manufacturing capabilities and product offerings
1 min
Maruti Suzuki joins rivals in safety race
In a surprise pivot, Maruti Suzuki India Ltd that had been loath to voluntarily sending its vehicles for crash testing recently put forward its new Dzire sedan for the Global New Car Assessment Program's (GNCAP) crash test.
2 mins
India's small towns relish big-city tastes
This trend will drive the next wave of investments, says Fireside's Basu
2 mins
Duolingo's GenAI video call in India soon
Duolingo hopes to boost monetization with this addition as users are more likely to pay for the feature
2 mins
After raids, ED to summon Amazon, Flipkart officials
Raids were triggered by a probe that found the platforms had end-to-end inventory control
2 mins
Pricey phones fail to sparkle
Samsung, OnePlus see sales of premium smartphones fall this festive season as buyers cite lack of innovation
2 mins
Filmmakers turn to pre-release tests as box office flops rise
Each research effort serves a specific purpose at different stages of production to identify viewer preferences
1 min
ITC Foods, AIPA ink 5-year deal to popularize pickleball in India
In India, the sport has seen 275% growth in active players in 3 years, and is projected to cross 1 million mark by 2028
1 min
America's strengthening dollar will rattle the rest of the world
In 1971 John Connally, then the American treasury secretary, told his European counterparts that the dollar was \"our currency, but your problem\".
3 mins
China struggles to shake off deflationary pressures as consumer prices edge higher
China's GDP deflator, a broad gauge of price levels, has been in negative territory for six quarters
3 mins
Trump's transition effort kicks into high gear
Next up, national security and economic positions are expected to be the focus
5 mins
Ambuja seeks CCI nod on Orient stake
Gautam Adani-led Ambuja Cements has sought approval from the Competition Commission of India (CCI) to acquire a majority stake in CK Birla group firm Orient Cement Ltd in a ₹8,100 crore deal.
1 min
Britannia misses Q2 profit estimates
Biscuit maker Britannia Industries posted a smaller-than-expected second-quarter profit on Monday, hurt by weaker demand for consumer goods, particularly in urban areas amid high inflation.
1 min
Shree Cement tops Q2 profit estimate
Shree Cement topped second-quarter profit estimates on Monday, as higher-than-expected sales volumes helped mitigate low prices of cement.
1 min
ONGC records 25% dip in Q2 net profit
Oil and Natural Gas Corp. Ltd (ONGC), which announced its July to September quarter results on Monday, recorded a 25% fall in net profit at ₹10,272.5 crore.
1 min
Rustomjee may top ₹3k cr pre-sales aim
Keystone Realtors Ltd, or Rustomjee Group, expects to surpass its FY25 ₹3,000 crore pre-sales target on the back of growing demand in the micro markets where the group is launching new projects.
1 min
Zetwerk may raise $1 bn in Indian IPO
Zetwerk Pvt. Ltd, a supply chain startup, is considering fundraising options including an initial public offering that may help it raise as much as $1 billion, according to people familiar with the matter.
1 min
Integrated Air India-Vistara entity to operate first flight today
The integrated entity of Air India and Vistara is scheduled to operate its first flight from Doha to Mumbai at 12.15 am on Tuesday, according to a source.
1 min
Amul to enter Europe by Nov-end
Amul will enter the European market by the end of this month after launching products in the US, the Gujarat Cooperative Milk Marketing Federation (GCMMF) managing director Jayen S. Mehta said on Monday.
1 min
Sanjiv Khanna takes Oath as 51st Chief Justice Of India
The chief justice's tenure will span a little over six months, concluding on 13 May.
1 min
Radisson Hotel eyeing expansion
Radisson Hotel Group is aiming to have 200 properties in India by 2027 and increase presence in new tourist centres as well as business locations in tier-II and -IV cities, a top company executive has said.
1 min
Russian fuel oil flow to India jumps in Oct
India and Saudi Arabia were the top destinations for Russian seaborne fuel oil and vacuum gasoil (VGO) exports in October, traders said and LSEG data showed.
1 min
WHY MAJETY MARCHES TO A DIFFERENT BEAT
Swiggy, which will list on Wednesday, needs its idea-driven founder to steer it towards profitability
9 mins
IT'S TIME TO INDEX INDIA'S TAX SYSTEM AGAINST INFLATION
One of the big stories of the Indian economy has been the sharp increase in personal income tax collections.
3 mins
Forex card vs debit card: How to lower cross-border markup fees
Unlike debit cards, forex cards are not linked to your bank account, limiting your exposure to fraud and theft
5 mins
Govt clarifies on National Savings Scheme
The government, on Saturday, clarified that interest on the national savings scheme (NSS) was applicable till 30 September.
2 mins
Spouse's rental income: Taxation rules for NRIs
My wife and I are NRIs. She owns a residential property in India which she rented out. She requested the tenant to credit a month's rent to my NRO account instead of hers since I'm due to visit India and can use the funds for local expenses.
1 min
Two ways the EPFO can get itself an image boost
India's state-run retirement fund would do itself a favour by resolving its high level of claim rejections and speeding up interest payments. Its digital makeover should signal efficiency
2 mins
Armed hostility between Israel and Iran is very likely to escalate
Israel senses a high-risk high-return chance to reshape West Asia that Trump might green-light
3 mins
India must reassess its rejection of the RCEP trade bloc
Joining it can work in our favour as global trade barriers get reshaped and value chains are forged
4 mins
Freebies don't offer a long-term solution but let us not ban them
Keeping citizens dependent on handouts is not fiscally sustainable. India needs a transparent framework to regulate them
4 mins
Is Nvidia's chief dreaming of selling us R2-D2-like robots?
It may turn out to be a good bet if the chip-maker keeps its risks low
3 mins
Indian IT firms should brace for Trump's second term
Restrictive visa, trade and other policies under Trump 2.0 may force a review of their US-centric business models
3 mins
7 myths about ADHD and how to handle it
Some adults with ADHD are misdiagnosed as having anxiety or depression as myths prevail even in the medical community
4 mins
At these international marathons, it's ready, steady, swig
Can running and drinking go together? From France to Scotland, here are five races where running is a merry party
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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