Mint Mumbai - November 18, 2024
Mint Mumbai - November 18, 2024
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In this issue
November 18, 2024
Green steel may get a push with output, purchase mandates
The Centre is working on green steel mandates for the local steel industry, supported by government procurement and financial incentives, as the world's second-largest maker of the alloy seeks to prepare the sector for the future.
2 mins
Investors are betting on a market melt-up
A roaring market rally since the U.S. presidential election has driven up the price of everything from shares of technology and manufacturing giants to cryptocurrencies.
4 mins
Centre to scrap windfall levy as crude prices cool
Decision guided by the government's view that the tax has outlived its utility
2 mins
RBI action on personal loans, KYC takes toll on off-roll work
The Reserve Bank of India's (RBI) push for stricter compliance with know-your-customer (KYC) norms, and its crackdown on the surge in personal loans have had an unlikely fallout: a dip in demand for off-roll workers.
2 mins
Luxury cos rest hopes on winter for sales pick-up
At luxury hotspots across the country, early trends point to a revival of sales momentum in the second half of the fiscal year after a lukewarm first half.
2 mins
Tomato prices plunge 22% in a month after October surge
After prolonged rains in India's southern states pushed tomato prices up last month, the all-India average price has plunged over 22% as supply revived and climatic conditions became more favourable for the crop.
1 min
India adopts global CubeSat standard
India has adopted the global standard for CubeSat—a class of small satellites—as part of the Union government's efforts to expand the country's share in the global space economy, two people aware of the development said.
1 min
A WORRYING SHIFT FROM EXISTENCE IN TUNE WITH NATURE
November is halfway through, and you, just like me, might also be wondering: When will winter start in Delhi?
3 mins
Centre plans 20 more NCR AQM stations
With air quality in the 'severe' category in several parts of Delhi, the Union government plans to add 15-20 more air quality monitoring (AQM) stations in the National Capital Region (NCR), in addition to the existing 40, two officials said.
1 min
A stamp to celebrate HT's century-old legacy
Prime Minister Narendra Modi unveiled a commemorative postage stamp that celebrates the century-old legacy of India's foremost nationalistic newspaper. A look at its features.
1 min
Edtech cos eye skilling in nursing, healthcare
Upskilling in healthcare services has emerged as big business opportunity
2 mins
BLINDED BY A LOT OF SOAP, BUBBLES—AND TRADITION
Bertie realised that the real problem wasn't over-borrowing, but it was over-lending
3 mins
Hero MotoCorp's ride may be easy
Accelerating growth
2 mins
High valuations won't stop investors from buying Indian equities
India stands out as a compelling growth and transformation story, largely driven by infrastructure...Stefan Hofer MD & chief investment strategist at LGT Bank Asia
4 mins
Investors lose nearly ₹50 tn in 7 weeks
Broader markets also fell, with Nifty Midcap 150 down 10.7% and Nifty Smallcap 250 falling 10.1% as of Thursday
1 min
Quick Edit: The market's green role
The world needs to bend its rising curve of carbon emissions, a goal that's proving elusive. Adding to the challenge, US climate policy is likely to flip back into neglect mode next year.
1 min
Data dive: Should RBI let the rupee weaken?
To smoothen the fluctuations in the rupee, the Reserve Bank of India (RBI) has often intervened in the markets with its kitty of foreign exchange reserves.
1 min
Amazon India relocating HQ
The company's move from World Trade Centre raises questions about how Brigade would find a new tenant
2 mins
Macrotech aims to scale digital infra business on its own
Its digital infra portfolio under Lodha Industrial and Logistics Park is 5 mn sqft across 3 warehousing & industrial parks
1 min
What makes Indian roads the deadliest?
A road accident in Dehradun early on Tuesday last week killed six and left one critically injured—a stark reminder of Indian roads being the world's deadliest, with the highest fatalities globally.
1 min
How sports became the MVP of brand building
With its emotional resonance, evolving digital capabilities and unmatched reach, sports offers brands an opportunity to create lasting legacies
3 mins
DIGITAL ADVERTISERS NEED TO THINK BEYOND GOOGLE
'The US Department of Justice's (DOJ) antitrust case against Google may have wrapped up, but whether the court rules for or against it, there's no denying the case highlighted a crucial issue-the company's dominant hold over the digital advertising market.
2 mins
Colgate: Aiming for behaviour change and premium growth
With its near-universal penetration, Colgate-Palmolive India is synonymous with oral care in India.
2 mins
Lab-grown meat, dairy may come under FSSAI regulation
Push to frame standards for lab-grown proteins, despite doubts over its acceptance
3 mins
Trump's top team sets stage for White House power grab
President-elect looks to bypass federal institutions to install nominees and shrink government
6 mins
Xi says China ready to work with Trump to boost ties
Chinese leader Xi Jinping told US President Joe Biden that he's ready to work with Donald Trump to improve the relationship between the world's biggest economies.
1 min
A powerful AI breakthrough is about to transform the world
First announced in a 2017 paper, the transformer paved the way for OpenAI to launch ChatGPT two years ago
6 mins
NCL to relocate MP township for coal
(NCL) is planning a huge rehabilitation and resettlement (R&R) project and is working on relocating the residents from the township in Madhya Pradesh's Singrauli, which has 600 million tonnes (mt) of mineable coal underneath, company's chairman and managing director B. Sairam said.
1 min
Debt MFs log inflow of ₹1.57 tn in Oct
Debt-oriented mutual funds witnessed a strong recovery in October, driven by investments in liquid schemes and attracting a net inflow of ₹1.57 trillion after huge redemptions in the previous month.
1 min
ACME Sun Power gets ₹3,753-cr loan
CME Sun Power Private Ltd, a wholly-owned subsidiary of ACME Solar Holdings Ltd, has secured ₹3,753 crore in term loan from state-run infrastructure lender REC Ltd for development and construction of firm and dispatchable renewable Energy (FDRE) projects with a cumulative capacity of 320 megawatt (MW) in collaboration with hydropower producer SJVN.
1 min
India calls out rich nations for stalled climate fund, mitigation
About $5-6.8 trillion worth of climate finance is being sought by developing nations
1 min
Anil Ambani sets up strategy centre
Anil Ambani's Reliance Group has launched the Reliance Group Corporate Centre (RGCC) as part of its 2030 growth strategy.
1 min
'Disclose foreign assets or pay fine'
The Income-Tax Department on Sunday cautioned taxpayers that failure to disclose assets held abroad or income earned in foreign shores in the income tax return (ITR) can attract a penalty of ₹10 lakh under the anti-black money law.
1 min
India and Nigeria deepen relations
Nigeria and India on Sunday agreed to deepen collaboration in maritime security, intelligence and counter-terrorism during a state visit to the West African country by Indian Prime Minister Narendra Modi.
1 min
Tata to buy majority stake in Pegatron's iPhone plant in Chennai
Tata Electronics has agreed to buy a majority stake in Taiwanese contract manufacturer Pegatron's only iPhone plant in India, forming a new joint venture that strengthens Tata's position as an Apple supplier, two people aware about the development told Reuters.
1 min
BEYOND COTTON: INDIA'S TOUGH TEXTILE CHALLENGE
As the world shifts from cotton to man-made fibres, India's textile industry faces an uphill task
7 mins
Avoid common mistakes in NRO, NRE accounts: A guide for NRIs
Tips on using NRE and NRO accounts to effectively manage funds, repatriate money and remain tax-compliant
5 mins
SEBI CAN DO MORE TO DISSUADE RETAIL F&O SPECULATION
A recent Securities and Exchange Board of India (Sebi) report highlighted the significant losses individual traders have incurred in the equity futures and options (F&O) segment between FY22 and FY24.
3 mins
Is filing ITR in old regime still valid?
I am with the Indian Army. Until last year, we received Form 16 under the old tax regime, including allowances such as HRA, travel and uniform.
1 min
Trump's return is set to send the world scouting for fresh options
His confrontational stand on issues will ruffle feathers and make nations review their alignments
3 mins
Growth shouldn't suffer for want of a market fix
Packaged food companies should drive a food-processing revolution and run a campaign for substitution of fresh-veggie demand. It'll crush price volatility and open up space for rate cuts
2 mins
Why national pride has not helped clean up Delhi's air
A sense of shame was expected to get it done. That hasn't worked. Do we lack the will and talent?
4 mins
Trying to quantify everything may worsen human decisions
'Quantification fixation' is real—and we should learn to resist it
3 mins
Hope has sprung anew amid the thick haze hovering over COP-29
The climate summit has seen rules being ratified for a carbon market, progress on finance and high corporate participation
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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