Mint Mumbai - November 22, 2024
Mint Mumbai - November 22, 2024
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In this issue
November 22, 2024
Amid rising pollution, EV sales fall off a cliff in Delhi
No sop, no deal. That appears to be the message coming through from dismayed consumers in Delhi after the state government failed to renew road tax and registration benefits on electric cars and two wheelers this September.
2 mins
New-look CPI may sport price data from e-commerce
India's new-look consumer price index (CPI) may include data from e-commerce platforms, among a wider set of items, to make it more representative of price changes in the economy. The government will also set a new base year to refine the index that is used to set and revise benchmark interest rates.
3 mins
US indicts Adani in solar power probe
Indictment says officials bribed to win solar power contracts
3 mins
Goyal bats for raising quality, innovation
Goyal outlined a road map for India's journey to becoming a developed nation through innovation
2 mins
Modi May Launch Internship Scheme On 2 December
The prime minister is expected to hand out some of the initial placements at the event
2 mins
NGEL, Andhra in green energy deal
NTPC Green Energy Ltd (NGEL) has signed a joint venture (JV) agreement with New & Renewable Energy Development Corporation of Andhra Pradesh Ltd (NREDCAP) for development of green energy projects.
1 min
Global climate finance deal remains deadlocked as COP29 nears end
Talks on a dramatically raised finance deal at the COP29 meeting in Baku remained deadlocked, with a draft text failing to mention the amount even as the clock ticked away on the summit that ends on Friday.
2 mins
AQI 37l: Centre lists steps for Delhi staff
An order issued by the Union personnel ministry advised employees to go for carpooling, public transport
1 min
Moglix acquires Khatema Fibres for ₹80 crore
The acquisition comes amid a global shift from plastic to recyclable, plant-based materials in packaging
1 min
Ola Electric set to let go of 500 employees
Electric two-wheeler maker Ola Electric is set to let go of nearly 500 employees across teams as part of a restructuring exercise to improve margins and profitability prospects, a person in the know of the matter told Mint.
1 min
'Startups must focus on getting good partners'
Founders rushing after valuations is a big problem, Says Lenskarfs Bansal
2 mins
Why AI 'Hallucinations' Are Likely To Stay
Microsoft-backed OpenAI is no stranger to lawsuits. The soaring reach of its large language model (LLM)-based chatbot, ChatGPT, has continually rattled media houses, artists, and content creators globally, prompting them to initiate legal action for copyright infringement.
2 mins
Equity investors lose ₹5.27 trillion
Investors' wealth plummeted by 5.27 trillion on Thursday in line with markets fall following a sharp decline in Adani group stocks.
1 min
Kolkata-based Crizac refiles papers for ₹1,000 crore IPO
Kolkata-based student recruitment solution provider Crizac Ltd has refiled papers with market regulator Securities and Exchange Board of India (Sebi) for an initial public offering (IPO).
1 min
Vedanta halts bond sale plans after Adani volatility
Vedanta's decision came after the US indictment of Gautam Adani fuelled market volatility
1 min
Price stability is key to sustained economic growth: RBI's Das
Price stability is just as crucial as growth to reduce uncertainty and encourage savings and investment, which in turn would boost economic growth, India's central bank chief insisted.
2 mins
Belrise files for ₹2,150 cr IPO
The company plans to use the money raised from the public issue to fund its repayment of debt
1 min
Lemon Tree's renovation leaves little room for re-rating
Lemon Tree Hotels Ltd has started to reap benefits from the growing demand for premium hotels, but its aggressive renovation plan is hurting its profitability.
1 min
Waaree's H1 is a reality check
The half-year (H1FY25) earnings of recently listed Waaree Energies Ltd, the largest solar module manufacturer in India, came as a rude shock to investors.
2 mins
Uniqlo India plots rapid expansion plan
Uniqlo India plans to accelerate its expansion in India, aiming to open more stores in the coming years.
2 mins
$25O mn Adani bribery saga: Whistleblower tip to WA trail
Adani group has refuted the allegations by the US Department of Justice and US SEC, terming them as 'baseless'
6 mins
Zepto's 3rd raise in 6 months nets $350 mn
The funding round marks the largest fully domestic raise in India's startup ecosystem to date
1 min
Adani group faces multi-jurisdiction legal war: Experts
The US indictment of billionaire Gautam Adani in a $250 million bribery scheme may set the stage for a lengthy legal battle involving multi-jurisdictional defence.
1 min
US indictment rocks Adani stocks, bonds
Investor sentiment shaken as charges against Adani led to market losses
2 mins
Citadel Securities to hire India ops head
Citadel Securities LLC plans to hire a head for its India operations and add more traders, according to people familiar with the matter, as the market-making giant expands its presence in one of the largest equity markets globally.
1 min
CEO candidates quizzed on new topics as role gets bigger
Candidates must ace up to 11 grueling interview rounds over a year as firms cut bad-hire risk
3 mins
Southern films go pan-India with casts that span linguistic divides
Rajinikanth's Vettaiyciun features Amitabh Bachchan, Rana Daggubati and Fahadh Faasil alongside him
2 mins
Japan's Rakuten expects growth from Open RAN
Rakuten Symphony had deployed about 5,000 femtocells in Bharti Airtel's 4G network prior to 2021
1 min
Tata Power inks pact with ADB
Tata Power has tied up with the Manila-based development lender for clean energy projects worth $4.25 billion
2 mins
An immigration crackdown risks sapping farms, vital source of labor
The agriculture industry is working to avert a potential labor crunch following threats from President-elect Donald Trump to launch a mass deportation of migrants after he takes office.
4 mins
Nvidia's sales soar in third quarter as AI spending boom barrels ahead
Nvidia's sales surged in its latest quarter and profits nearly doubled, a sign of the strength of an artificial intelligence boom that has made the company the world's most valuable.
3 mins
Google should be forced to sell Chrome browser, Justice Department says
Google would also be forbidden from paying to be the default search engine on any browser
4 mins
Need $30 bn in EV charging growth
India needs investment worth $20-30 billion in the EV charging infrastructure to double the pace of growth of the segment, industry body IESA said on Thursday.
1 min
'Weak rupee no substitute for R&D'
Chief economic adviser V. Anantha Nageswaran on Thursday advised India Inc. not to seek protective cover of weak currency as it is not a substitute for productivity and investment in research and development.
1 min
Sebi amends AIF rules for investors
Markets regulator Sebi has amended alternative investment funds (AIF) rules directing them to grant investors' rights in investment and distribution of proceeds in proportion to their commitments in a scheme.
1 min
NTPC Green Energy IPO bids reach 93%
The initial public offer of NTPC Green Energy Ltd, the renewable energy arm of NTPC, got subscribed 93% on the second day of bidding on Thursday.
1 min
ACC, NLC, 3 more secure coal mines
NLC India Ltd, ACC Ltd, and JSW Energy Utkal Ltd are among the five companies that have bagged five mines on the first day of the tenth round of commercial coal mine auction, according to an official statement issued on Thursday.
1 min
Pvt telcos stumble; BSNL steals the win
Private telcos Reliance Jio, Bharti Airtel and Vodafone Idea cumulatively lost over 10 million wireless subscribers in September, even as state-owned BSNL surprised with net adds of almost 8,50,000 mobile users, as per monthly data released by Trai.
1 min
Khan Market on global retail map
Khan Market, an upscale retail area in New Delhi, retained its position among the costliest high-street retail destinations worldwide buoyed by the nation's strong economic growth.
1 min
Hyundai India to set up two RE plants
Hyundai Motor India Ltd (HMIL) on Thursday said it will set up two renewable energy plants at its vehicle manufacturing unit in Tamil Nadu as part of the company's move to transition to 100% renewable electricity across manufacturing operations by 2025.
1 min
Byju's founder accused of plan to regain co with hidden cash
Byju Raveendran has been trying to regain control of his capsizing edutech empire
1 min
Starbucks explores stake sale in China
Starbucks Corp. is exploring options for its Chinese operations, including the possibility of selling a stake in the business, according to people with knowledge of the matter.
1 min
GOING SOFT: INSIDE INDIA'S COTTON WOES
Pests, diseases and falling yields are pushing farmers away from cotton. Whats at risk?
8 mins
Navigating Muslim personal law, inheritance, estate plan
Inheritance laws override nomination under personal law, but trusts and gifts offer a way out
4 mins
TAX BREAKS, REFORMS & RETURNS: NRIs BETTING BIG ON INDIA
GIFT City could be an attractive destination for efficient cross-border financial investments
2 mins
Are all overseas OPD expenses covered under travel insurance?
Can I claim treatment costs while abroad under travel insurance if it's not a hospitalization but treated in an OPD, including doctor consultations, X-rays and medicines?
2 mins
DPI serves as a catalyst for innovation and competition
Some scholars and practitioners have argued that digital public infrastructure (DPI) could lead to monopolization and stifle private innovation by creating large government-controlled platforms that overshadow private players.
3 mins
India's tourism target is reachable if we try hard
India aims to attract 100 million foreign visitors annually by 2047, more than 10 times last year's count. What must we do to bring this eye-popping visitor target within realistic reach?
2 mins
Nuclear energy is back in vogue thanks to AI's insatiable demand
AI poses a conundrum as it promises to worsen and help us address climate change at the same time
3 mins
Labelling norms: Useful reforms can be delivered in tiny packages
Process rejigs such as making rule-changes for pack labelling less unpredictable would aid business planning and save costs
3 mins
HR must give itself and people a new sense of purpose
Is human resources (HR) as a corporate function in a coma? I often ask people across organizational hierarchies that I deal with: \"When was the last time you turned to HR and felt genuinely supported or inspired?\"
3 mins
Berners-Lee wants to get the internet back from Big Tech
The web's prime mover has a plan to decentralize power again
3 mins
Fans Of K-pop, K-drama are driving South Korea tourism
As the popularity of Korean culture rises, more tourists are planning trips around their favourite shows
3 mins
The key to unlocking the luxury market of India
Brands planning to make a mark in India, a global luxury hotspot, need to respect the country's deeply ingrained value-driven approach
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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