Mint Mumbai - November 14, 2024
Mint Mumbai - November 14, 2024
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In this issue
November 14, 2024
Bears guide Street to correction zone
Inflation raises bearish bets; indices trade over 10% below peaks
3 mins
CCI likely to move SC on Amazon, Flipkart case
India's competition watchdog may knock on the doors of the country's top court in an anti-trust case involving e-commerce majors Amazon and Flipkart, and some sellers on their platforms, two persons aware of the development said.
2 mins
Airline bomb hoax probe flies into EU data privacy wall
Over the past month, airlines and hotels across India received over 500 calls delivering bomb threats, although each of them turned out to be a hoax.
3 mins
Centre weighs ₹1,000 cr green scheme for MSMEs
The Union ministry of power may launch a scheme next month to incentivize energy efficiency measures taken by small and medium businesses, said two officials with knowledge of the development.
1 min
COP29 releases new plan on NCQG
The UN summit on climate change (COP29) on Wednesday released a new draft of the new collective quantified goal (NCQG) after the first version was rejected by developing countries.
2 mins
UN developing package to help nations cope with extreme heat
The United Nations is developing a package of solutions to help countries cope with extreme heat so that every person on the planet is covered by a multi-hazard early warning systems (EWS) by 2027, secretary general António Guterres said on Wednesday in Baku.
1 min
Critical mineral hunt: Centre takes charge as states falter
Exploration agencies had stayed away even in the few states that had kicked off auctions
2 mins
Norfund, IndiGrid, BII launch clean energy biz
IndiGrid has partnered with British International Investment (BII), the UK's development finance institution and impact investor, and the Norwegian Climate Investment Fund, managed by Norfund, to form a new business in the green energy space.
1 min
Shree Cement exposed to downside risks as it shifts strategy
The cement sector is chasing volumes, but Shree Cement Ltd is going against the tide. Prioritizing value over volumes in a seasonally weak September quarter (Q2FY25) contained the drop in realizations.
1 min
RBI keen on municipal bonds
MCs rely heavily on the upper tiers of government for their revenue, which can limit their financial autonomy
1 min
Swiggy's listing: investors cheer, analysts divided
Prosus and controlling shareholder Naspers invested $1.3 billion for a 31% stake in Swiggy
2 mins
Britannia's margin in spotlight
Britannia Industries Ltd's shares are down 7% since the company released the September quarter (Q2FY25) results on Monday after market hours.
2 mins
Why Crypto Mania Is Reaching New Heights
Donald Trump's victory has a flavour of revenge—not just for the man but also for crypto bros and their assets of choice.
3 mins
Sebi plans to revise regulations for custodians in securities mkt
The Securities and Exchange Board of India (Sebi) has issued a consultation paper seeking feedback on proposed updates to the Sebi (Custodian) Regulations, which govern the operations of custodians in the Indian securities market.
1 min
Johnson's Baby's promise to protect resonates high with influencer mums
Johnson's Baby recently held its Day 1 Onederland event in Gurugram, Haryana and brought together an inspiring group of over 280 mum influencers from across the country.
3 mins
Greg Brockman back at startup
OpenAI co-founder Greg Brockman has returned to the AI startup three months after taking a leave from his role as president, bringing a key figure back to the C-suite amid an exodus of top executives.
1 min
OpenAI for US-led AI alliance against China
US must invest in energy, AI infra to counter Beijing's rise, startup says
1 min
Global sales of luxury goods to fall 2% in 2024: Bain report
The forecasts factor in currency moves.
1 min
IAS coaching centres to lose licences over misleading ads
New guidelines aim to prevent the institutes from fleecing aspirants with false claims
2 mins
Festivals fail to lift passenger vehicle wholesales in Oct
PV sales grew 0.9% in October 2024—the highest-ever for the month—compared with year-ago period
1 min
Ceigall looks to sell five HAM road assets
The firm will sell the assets in a deal with an enterprise value of $540 mn
2 mins
Prosus offers to put $100 mn in Mintifi at unicorn value
Mintifi saw its revenue more than double to ₹319.1 crore in FY24 from ₹150 crore in FY23
2 mins
Viewers spoilt for choice as hit franchises transcend platforms
The model has frequently been adopted in Hollywood for franchises such as Star Wars and Avengers
2 mins
Vodafone Idea Q2 loss narrows
Arpu rises to ₹156 on tariff hikes as the operator gained from the rise in 4G rates; user base continues to fall
2 mins
CourtGPT: Can you expect a fair trial?
Estonia has an artificial intelligence (AI)-powered \"robot judge\". Chinese courts are developing an AI system comprising \"non-human judges\". Brazil's courts are using AI to screen court-ordered payments.
1 min
Microsoft's gaming chief is still looking for acquisitions
After a tough year, Microsoft Corp.'s video-gaming chief is still looking at acquisitions and charting how to compete and partner in the markets for handheld game devices and mobile stores.
2 mins
Blackstone's new fund for the rich is looking just about everywhere for deals
Rivals question if deals the fund has done on its own are as attractive as those done along with its other funds
3 mins
Inside Volkswagen and Rivian's big bet to rescue each other
The deal aims to address a core weakness for both companies: Volkswagen gets much-needed technology and Rivian gets much-needed cash
5 mins
Trump Picks Musk, Ramaswamy For Government Efficiency Effort
President-elect Donald Trump picked Tesla CEO Elon Musk and biotech company founder Vivek Ramaswamy, a former Republican presidential candidate, to lead an effort to cut spending, eliminate regulations and restructure federal agencies.
2 mins
Donald Trump Is Recruiting A Team Of China Hawks. So Why Is Beijing Relieved?
With the expected appointments of Sen. Marco Rubio and Rep. Mike Waltz to cabinet positions, President-elect Donald Trump is putting together what some China hawks call a tough-on-China "dream team."
5 mins
AstraZeneca Q2 net profit drops 10%
AstraZeneca Pharma India Ltd posted a profit after tax of ₹51 crore, down 10% year-on-year, in the September quarter of FY25.
1 min
Import of finished steel at 7-year high
India's finished steel imports during April-October surged to a seven-year high at 5.7 million tonnes, according to provisional government data reviewed by Reuters on Wednesday.
1 min
Auction for new FM radio stations soon
Expression of Interest from the interested parties for setting up FM radio stations in 234 uncovered towns has been issued by the Centre and an auction for them will be held in the coming days, said Sanjay Jaju, secretary, information and broadcasting on Wednesday.
1 min
Eicher Motors beats Q2 profit view
India's Eicher Motors, which makes the Royal Enfield brand of motorcycles, reported a bigger-than-expected quarterly profit on Wednesday, helped by increased sales of its higher-capacity models such as the 'Himalayan'.
1 min
Arvinder Sahney is new Indian Oil CMD
Arvinder Singh Sahney was on Wednesday appointed chairman and managing director of state-run Indian Oil Corp. Ltd (IOCL) with immediate effect.
1 min
NTPC arm eyes ₹1 tn in solar, wind assets
IPO-bound NTPC Green Energy is aiming to invest up to ₹1 trillion in solar and wind assets by FY27, a top official said on Wednesday.
1 min
Situation in West Asia matter of deep concern: EAM Jaishankar
India supports an early ceasefire in Gaza and it has consistently stood for resolution of the Palestinian issue through a two-state solution, external affairs minister S. Jaishankar said on Wednesday.
1 min
Reliance Power logs ₹2,878 cr net profit
Reliance Power has posted a consolidated net profit of ₹2,878.15 crore in the July-September quarter of this financial year.
1 min
Nalco Q2 profit soars to ₹1,046 cr
State-owned National Aluminium Company Ltd (Nalco) on Wednesday said its consolidated profit rose more than five-fold to ₹1,045.97 crore in the quarter ended September 2024 on the back of higher revenue from operations.
1 min
Bulldozer justice reminds of lawless state of affairs: SC
The apex court sought to strike a balance between enforcing land use laws and safeguarding civil rights
1 min
Delhi smog smashes WHO limit
Residents of New Delhi choked in a blanketing toxic smog on Wednesday as worsening air pollution surged past 50 times the World Health Organization's recommended daily maximum.
1 min
HOW FOUR INDIAN STATES ARE WOOING FOXCONN
The Taiwanese manufacturing powerhouse has already invested $10 billion. Now, it wants to expand
7 mins
A simple guide for NRIs to invest in Indian MFs online
Unlock a wide range of investment options from anywhere with just a few simple clicks
4 mins
Securing financial future of a child with special needs: A parent's guide
If you have a special needs child, especially with communication disability, how can you best secure his or her financial future?
1 min
PASSIVE INCOME STRATEGIES FOR MSMEs: SECURE GROWTH, STABILITY IN UNCERTAIN TIMES
I Forging diverse passive income streams takes time, but steady approach builds a strong base
3 mins
Small loans can spell big trouble for Indian banks
Watch out for signs of stress in India's micro-finance sector. Bad loans, even if small, extract a cost by way of reduced profits as well as higher interest charges on credit across the board
2 mins
The rupee could suffer collateral damage if a currency war ensues
The US election is a game-changer for foreign-exchange markets that will test the rupee and RBI
3 mins
India's statistics ministry has a new sense of purpose
The flurry of activity to get India's statistics right is laudable but we await regulatory design clarity
3 mins
Burberry is looking like a fine acquisition target this winter
This brand known for its chequered story can surely perform better
3 mins
The Washington Consensus has collapsed and it won't be missed
The combination of free-market capitalism and electoral democracy that it promoted has failed to serve everyone equitably
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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