Mint Mumbai - November 25, 2024
Mint Mumbai - November 25, 2024
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In this issue
November 25, 2024
Fledgling firm with no revenue whose CEO was indicted
The chief executive officer (CEO) of a two-year-old zero-revenue green energy company that scored a ₹10,000 crore ($1.2 billion) investment commitment from REC Ltd is among those indicted in the $250 million Adani bribery case.
3 mins
No fresh PLIs on cards as disbursement figures fall
India's production sops programme which powered a ₹13 trillion manufacturing boom may not add any more sectors soon in the wake of slowing disbursements, two people aware of the matter said.
2 mins
Poll vault may drive stocks, but how far?
Rally powered by short-covering may prompt selling too
3 mins
Govt to bring more firms into its grievance redressal system
With a rise in consumer grievances, the department of consumer affairs (DoCA) has stepped up efforts to resolve complaints more efficiently.
1 min
B'desh prepares to probe power pacts, including one with Adani
A review committee formed by Bangladesh's interim government on Sunday recommended engaging an investigating agency to examine power agreements signed by deposed prime minister Sheikh Hasina's regime with different business groups, including one with India's Adani Group.
1 min
THERE IS ADEQUATE ROOM FOR ALL IN INDIAN DEMOCRACY
These elections have made it clear that legacy and sympathy aren't enough to ensure victory
3 mins
COP stingy on climate finance
A funding agreement at COP29 was key to help nations keep global temperature rise below 1.5°C
3 mins
Trump's tariff proposal opens opportunity for India: Arvind Virmani
President-elect Donald Trump's pre-election threat of stepping up import tariffs could translate into an opportunity for India to capture a larger share of the US market in the medium term as it could accelerate the re-orientation of global supply chains away from China, federal policy think tank Niti Aayog member Arvind Virmani said in an interview.
2 mins
Adani bulls cut positions before US indictment
On Thursday, post the news, the contract, which takes cues from the spot price, tanked 23% to ₹2,178.55
1 min
This correction could be an opportunity to boost returns
I don't foresee a major correction, as large corrections usually happen due to unforeseen events Sunil Singhania founder of Abakkus Asset Manager
4 mins
PARACETAMOL OR CHALK POWDER? THE ANSWER IS GENERIC
Bertie got a lower price; chemist made a better margin—that seemed like a win-win
3 mins
Bharat Forge lags in a vital metric
The euphoria in Bharat Forge Ltd has subsided. After hitting an all-time high of ₹1,804 on 21 June, which was in tandem with the excitement in all defence sector stocks, the stock has corrected to ₹1,316.
2 mins
Doodhvale Farms raises $3 million to redefine India's premium dairy sector
Doodhvale Farms, a leading innovator in India's premium dairy sector, recently announced the successful closure of a $3 million funding round.
1 min
TCHF to raise investment size to $25 mn
Going forward, TCHF is looking at increasing the capital deployed to address India's unmet healthcare needs
2 mins
Funding gains steam with two big deals
Capital raised by startups in the week ended 22 November edged up, propelled by two big-ticket deals including another large cheque bagged by quick commerce unicorn Zepto.
1 min
'Next year likely to bring more clarity for M&A deals'
Mergers and acquisitions are set to rise as key national polls globally are over, says Investec
2 mins
Peace: US attorney who indicted Gautam Adani
Breon Peace has led cases involving Huawei, a sex cult, and a pro-Trump influencer
4 mins
Stubborn US Inflation watch: Fed's next move in focus
US inflation figures in the coming week that are seen showing stubborn price pressures will reinforce the US Federal Reserve's (Fed) cautionary posture toward future interest rate cuts.
1 min
AI's future and Nvidia's fortunes ride on the race to pack more chips into one place
xAI built a supercomputer it calls Colossus-with 100,000 of Nvidia's Hopper AI chips-in a matter of months
4 mins
Welcome to the world of 24-hour stock trading
Round-the-clock trading is becoming a reality. Individual investors say it is about time.
3 mins
China looks to Musk as conduit to Trump, seeking to ward off harsh policies
In China, Musk is a symbol of the American dream and of US technological prowess
4 mins
Bitcoin treads water below $100,000
Bitcoin spent the weekend trading shy of the landmark $100,000 levels, dashing enthusiasts' hopes that the oldest of digital assets would breach that significant financial, and psychological, threshold.
1 min
Govt appeals to all parties to ensure smooth winter session
Amid demands from the opposition to discuss bribery charges against the Adani group, the government on Sunday said the business advisory committees of both Houses will decide on matters to be discussed in the winter session and appealed to parties to ensure smooth functioning of Parliament.
1 min
RIL refining margin up; retail a concern
One of the two drivers of Reliance Industries Ltd's recent underperformance—weak refining margin—has reversed, but the other, poor retail top-line growth, is difficult to anticipate, brokerage JP Morgan said in a report.
1 min
'IIFCL seeks infra tag for space sector'
State-owned IIFCL has requested the government to bring the space sector under the harmonized list of infrastructure for easier financing of satellite vehicle manufacturing activity in the country.
1 min
Festive cheer likely to lift tractor sales
Tractor sales in the festive months, spanning from September to November, are expected to grow 8-10% this year on the back of good monsoon lifting market sentiments, according to farm and construction equipment firm Escorts Kubota Ltd whole-time director and CFO Bharat Madan.
1 min
Pant, Iyer make history at IPL bids; windfall for Venkatesh
Pant was snapped up for ₹27 crore to become the costliest buy in the League's history
1 min
ICEA urges increase in air cargo capacity
Mobile phone players want Indian airports to ramp up their existing cargo handling capacity to support a projected eight-fold increase in device exports to $180 billion by 2030, industry body ICEA said.
1 min
Sri Lankan Airlines eyes India growth
Seeing India as a place that offers \"enormous growth\" opportunities, SriLankan Airlines aims to increase flights to the country as well as attract more tourists, including with the Ramayana Trail package, according to a top airline official.
1 min
Hero mid-size e-bike at advanced stage
Hero MotoCorp and its US-based partner Zero Motorcycles are in the advanced stage of developing a mid-sized performance segment electric motorcycle, according to a top company executive.
1 min
WHAT HAPPENED TO THE GREAT INDIAN MIDDLE CLASS?
One theme ran through the just concluded Q2 earnings season—urban India is showing signs of distress
8 mins
The Promise And Challenges Of Insurance Reform
One of the most awaited results of the hike in foreign holding is the infusion of capital
2 mins
Employees' Provident Fund Has Issues. Can Employees Opt Out?
EPF contributors face mounting challenges as limited withdrawal options and high rejection rates persist
3 mins
Sending money abroad? Here's how you can reclaim your TCS
I want to send money to my son in US under the Liberalised Remittance Scheme (LRS). I understand that tax collected at source (TCS) is paid on the transaction. How can I reclaim it?
1 min
Empower women to participate equally in Digital India's success
We must go beyond bridging gaps in internet access and maximize women's agency in using devices
3 mins
COP-29 could not escape the US election's impact
The $300 billion pledged by rich countries as climate funding is grossly insufficient. True, Trump's US may revert to climate scepticism, but others must try harder to mobilize funds
2 mins
Why the 5-star hotel experience needs urgent reforms
From gagging TV sets to guiding guests on surviving tucked-in beds, plenty needs to be fixed
4 mins
Thomas E. Kurtz gave us our Basic lessons in software
He wanted computers kept accessible, as seen in the programming language he pioneered
3 mins
A new incentive structure could help preserve standing forests
The proposed tropical forest forever facility would use blended finance to reward countries for protecting their green cover
3 mins
Let someone else play knight in shining armour for Disney
CEO Iger should quit can-kicking and help the next chief succeed
3 mins
Becoming better at work with daily reflection
Fujifilm India's Arun Babu on the significance of constant learning
1 min
Using AI In Workflow To Make Work Less Stressful
Al's role in workflow automation goes beyond efficiency-it also directly impacts employee well-being
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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