Mint Mumbai - December 02, 2024
Mint Mumbai - December 02, 2024
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In this issue
December 02, 2024
Longer wait for rate cut likely as prices stay hot
MPC may keep repo rate unchanged this week despite slump in growth
3 mins
Affluent Indians drive sales for luxury labels
Luxury surge
3 mins
'We broke jinx of confidential filing'
Swiggy Ltd decided on a confidential filing for its IPO since it did not want valuable financials to be public for longer than required given the intense competition, co-founder and CEO Sriharsha Majety said.
1 min
Battery parts may get ₹9,000 cr push
The Centre may roll out a ₹9,000 crore scheme to support the manufacturing of components for batteries that power electric cars and back up clean energy systems, two people aware of the discussions said.
2 mins
India readying plans on green aviation
India, the world's third-largest aviation market, is readying its playbook on the apex intergovernmental body on civil aviation with its stringent global clean fuel regime.
1 min
GST collection for Nov rises 8.5% on-year to ₹1.82 trillion
Festive demand drove GST collections up in November, though it stood below October level
2 mins
Coal output rises 7.2%, dispatches up 4% in Nov
India's overall coal production increased by 7.2% to 90.62 million tonnes (mt) in November compared with 84.52mt in the same month of the previous year, the coal ministry said in a statement issued on Sunday.
1 min
India to set up agency to regulate carbon trade in COP29 follow-up
The Union government plans to set up an agency on the lines of National Agriculture Cooperative Marketing Federation of India (Nafed) to regulate carbon trading, two people said.
2 mins
WOMEN EMERGE AS THE NEW TALISMAN FOR ELECTION WINS
Politicians are waking up to women as a voting block, which is good for democracy
3 mins
Italy can be India's gateway to Europe
Urso also pitched for greater cooperation in areas other than commerce, such as scientific advancement
1 min
Hinduja Tech acquires Tecosim Group
The acquisition opens new avenues for serving a diverse customer base across Europe for Hinduja Tech
1 min
Lack of big-ticket deals hits funding
Funding momentum struggled to cross the $100-million mark last week, with one deal accounting for two-fifths of the total deal value.
1 min
'No jinx of confidential IPO'
Recently listed food and grocery delivery firm Swiggy said it believes it has broken the \"jinx\" of making a confidential initial public offering (IPO) filing with the markets regulator after successfully going public, its co-founder and chief executive Sriharsha Majety told Mint.
4 mins
Sebi may have found regulatory gap in bond mkt
Online platforms exploit regulatory gaps, blurring the lines between private and public offerings, say experts
1 min
Realty's FY25 goal hinges on H2
Tall task?
2 mins
MONETARY POLICY: AVOID EMOTIVE CHOICES AND STAY AGILE
The weakness in GDP data is now bound to intensify the debate on monetary policy
3 mins
SIP flows healthy but investors more watchful after pullback
We are more optimistic about H2 in terms of earnings and GDP growth Anthony Heredia MD & CEO at Mahindra Manulife Mutual Fund
3 mins
Puravankara to expand with ₹2k cr India plan
In the race to be a national brand, Puravankara Ltd, a Bengaluru-based real estate company, will set aside up to ₹2,000 crore for acquiring land in the next 12 months.
1 min
Bacardi steps up premium play in India with tequila, whiskey
The company is set to accelerate India launches from its global portfolio, and is targeting high-growth segments
1 min
Car sales growth slows in November; SUVs, rural shine
Siam estimates that passenger vehicle sales will grow by less than 5% year-on-year this fiscal on a high base
1 min
Strategic business moves give Bollywood a new lease of life
The tide may finally be turning for the Indian movie business with Dharma Productions' stake sale to Adar Poonawalla and the completion of the JioStar merger, according to experts.
1 min
SpiceJet: Are creditors using IBC for settlement leverage?
Lawyers say operational creditors using insolvency to recover dues is not what the IBC is for
3 mins
The art of reinvention: Why cos refresh brands
Jaguar's recent rebranding serves as a compelling case study in the risks and rewards of reinvention
4 mins
How Britannia draws attention in a crowded world of content
Britannia Industries, a name synonymous with biscuits, dairy and bread, has been a household staple for decades. But how does a legacy brand stay relevant amid fleeting consumer loyalties, rising D2C competitors and a content-saturated world?
2 mins
WHY D2C BRANDS MUST RETHINK DIGITAL AD SPENDS
Global digital ad spending is projected to surpass $700 billion by 2025, with direct-to-consumer (D2C) brands leading the charge. Many allocate over 80% of their budgets to digital channels, focusing heavily on bottom-funnel performance tactics that promise quick returns.
2 mins
Masters, PhDs in focus at IITs as recruiters chase AI talent
IITs will see AI and HFT firms, regular consultants and manufacturing firms recruit students
2 mins
The iPhone's 'lockdown mode': What it is and who should consider using it
An optional security feature on iPhones called Lockdown Mode helps protect Apple devices against some of the world's most sophisticated hackers.
2 mins
Donald Trump picks Kash Patel as FBI director
Donald Trump has chosen Kash Patel to be Federal Bureau of Investigation director, moving to force out the bureau's current leader, Christopher Wray, before the end of his 10-year term in favor of a fierce loyalist who has promised to upend the nation's premier law-enforcement agency.
5 mins
China is studying Russia's sanctions evasion to prepare for Taiwan conflict
Officials report back to Beijing with lessons it can use in the event of war and Western penalties
5 mins
Opportunity for UK apparel cos in India
Apparel Export Promotion Council (AEPC) on Sunday said huge import opportunities are there for British apparel firms in India and they should participate in large numbers in the upcoming mega textile show here next year.
1 min
ICC: Jay Shah takes over as new chair
Indian cricket administrator Jay Shah on Sunday took charge as the chairman of the International Cricket Council (ICC) with an immediate goal of ending the impasse surrounding the Champions Trophy and a broader vision of making cricket a commercially viable Olympic sport.
1 min
Petrol, diesel consumption rebound on festival demand
Petrol sales of three state-owned firms soared 8.3% while diesel demand was up 5.9%
1 min
In Hasina's rule, $16 bn siphoned yearly
An average $16 billion may have been illicitly siphoned out of Bangladesh annually during former Prime Minister Sheikh Hasina's 15-year rule, according to the findings of a committee formed by interim leader Muhammad Yunus.
1 min
Job growth of US due for snapback
US hiring probably jumped in November after hurricanes and a major strike undercut job growth a month earlier, consistent with a labor market that's healthy yet gradually cooling.
1 min
Auditing has got better in last 3-4 yrs
Auditing of firms have improved in the last three to four years, NFRA chief Ajay Bhushan Prasad Pandey has said and highlighted the need for board as well as audit committee members to engage with auditors which will help in raising red flags and prevent possible corporate failures.
1 min
Co committed to compliance: Adani
Adani group founder Gautam Adani responded for the first time on Saturday to allegations by US authorities that he was part of a $265 million bribery scheme, saying that his ports-to-power conglomerate was committed to world-class regulatory compliance.
1 min
Volkswagen union to start walkouts over cost-cutting plans
Volkswagen AG workers across Germany plan to stage walkouts starting today (Monday) after labour leaders and management failed to reach an agreement over how to slash costs at the carmaker's namesake brand.
1 min
Tata plans to scale up Starbucks biz
Tata Consumer Products sees a \"huge opportunity\" in the coffee business in India and will focus on scaling up cafes under its joint venture Tata Starbucks, according to its managing director and CEO Sunil D'souza.
1 min
Wipro Enterprises' revenue rises 10%
Azim Hasham Premji-led Wipro Enterprises has said its consolidated revenue from operations increased 9.8% to ₹16,902 crore in the financial year ended March 2024 while its profit jumped 35% to ₹1,903.1 crore.
1 min
Finmin looking for PFRDA chairperson
The government has begun searching for a successor to Pension Fund Regulatory and Development Authority (PFRDA) chairman Deepak Mohanty whose term is ending in May next year.
1 min
INDIAN MANUFACTURING'S PROBLEM OF SCALE
Larger firms reap economies of scale better. But in India, their share in employment is facing growth pangs
8 mins
RETHINKING SME IPOs: SEBI STEPS IN TO ADDRESS MISUSE
Sebi's effort to streamline SME IPOs is laudable but liquidity must also be a key focus area
2 mins
EPF users to receive interest till the date of settlement
Members of the Employees' Provident Fund Organisation (EPFO) will now earn interest till the date of settlement of their claims.
1 min
Repatriating FCNR deposits: What NRIs need to know after becoming residents
When NRIs (non-resident Indian) change their status to resident Indian, is it possible to repatriate the funds from FCNR (foreign currency non-resident account fixed deposit (FD)) for free, without it being subject to regulations of the Liberalised Remittance Scheme (LRS)?
1 min
Not Goa, this techie picked Da Nang for beach holidays
Harsh Vardhan has been to Vietnam thrice in two years, the latest trip was for his honeymoon
3 mins
India's slowdown awaits a well-crafted response
The second-quarter loss of economic pace has underlying trends that risk reinforcing its key causes. Indian policy must support private investment, employment and consumption
2 mins
Social movements need to lead India's fight against air pollution
We must generate the social capital required for people to act collectively towards a common cause
3 mins
A right that women don't have is the right to mediocrity
It's not just Harris. Women are judged far more harshly than men for not being exceptional
4 mins
Welcome Elon Musk, shadow president-elect of the US
Nobody can predict what part of his inner self will show up as he takes on a new role in the government
3 mins
Steering clear of Trumponomics would serve other countries well
The US president-elect's policy plans will hurt more than help the US and policymakers elsewhere must recognize the risks
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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