Mint Mumbai - December 05, 2024
Mint Mumbai - December 05, 2024
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In this issue
December 05, 2024
Saudi Arabia is losing its grip on global oil markets
Saudi Arabia's sway over the Organization of the Petroleum Exporting Countries long meant unquestioned dominance of the global oil market. Those days are over, at least for now.
4 mins
GIC to secure majority in TPG-backed Asia Health
Singapore fund may add 15% stake, turn majority owner of hospital platform
1 min
Careful in tax chase, revenue secy tells staff
Cautioning tax officials to not kill the goose that lays the golden egg in the process of tax collection, revenue secretary Sanjay Malhotra told a gathering of officials that they need to be careful not to hurt the economy's interests in the hunt for revenue.
3 mins
Honda weighs cleaner models to meet tougher CAFE norms
Honda Cars India is preparing to launch hybrid and electric cars in the coming years as emission norms are set to get stricter with the upcoming stage-3 of the Corporate Average Fuel Efficiency (CAFE) regulations, a top company official said.
2 mins
Brands disguising ads for restricted items to face heat
Music CDs sporting liquor brand logos? Playing cards named after cigarette brands? Surrogate advertising that survived for long in the face of rules is expected to face a setback, with the Centre finalizing draft rules to plug existing loopholes.
2 mins
Big chunk of India AI Mission fund to go into AI compute
Forty-four percent of ₹10,371.92 crore earmarked for providing capacity of over 10,000 GPUs
2 mins
Policy for wet-leasing aircraft weighed
Indian airlines will soon be able to expand and launch new routes through wet-leased aircraft with the government likely to announce relaxed norms soon, two officials confirmed.
2 mins
eMaap portal to ease regulatory burden on traders
The department of consumer affairs is set to launch a portal to streamline trade processes, ensure consumer protection and promote transparency in market transactions.
1 min
India's services sector growth falls marginally in November
On the wane
1 min
Garment makers wary of GST rate hike on readymades
An increase in the goods and services tax (GST) rate on certain ready-made garments, currently being discussed by a ministerial panel, could be a dampener for the ongoing wedding season, textile manufacturers said.
1 min
Vodafone to exit Indus Towers, repay its debt
Remaining 3% stake to be sold through an accelerated book build offering
2 mins
RIL's genomic test co Strand looks at tier-II, -III markets
Genomic testing has been rising in diagnosis, mainly among tertiary specialists in metros and tier-I cities
1 min
StanChart focuses on India, China in new wealth assets push
Standard Chartered (StanChart) will target $200 billion in new assets and double-digit growth in income from its wealth business over the next five years, as part of its wider strategy to shift to higher-fee-earning businesses.
1 min
Home decor companies struggle to shake off woes
Investors of listed home decor or building materials stocks are sitting on losses, with shares correcting from 52-week highs.
1 min
10-year bond yield at 3-year low on bets of policy easing
Indian government bond yields declined on Wednesday, with the 10-year benchmark yield falling to its lowest level in nearly three years, on rising optimism over monetary policy easing from the Reserve Bank of India (RBI) this week.
1 min
Haier India draws interest from more strategic players
Chinese household appliances maker Haier Smart Home Co.'s Indian unit has attracted interest from local strategic players as well as foreign investors, two people aware of the development told VCCircle.
2 mins
Rupee hits record closing low
The rupee was unable to benefit from gains in most of its Asian peers, including the offshore Chinese yuan
1 min
Not mandatory to register as SDP: Sebi
In a clarification, Sebi cited the confusion about the obligation of digital platforms to be recognized as SDPs
1 min
Swiggy needs Instamart to rev up
Swiggy Ltd's first post-listing quarterly results show that it has almost matched Zomato Ltd's growth on a quarter-on-quarter (Q-o-Q) basis.
2 mins
Pernod's internal probe concludes its top India officials broke law
Representatives of Pernod Ricard have denied collusion with alcohol retailers both in court and publicly
2 mins
Layoffs follow pay cuts at Allen
A decline in student enrolments has prompted the Kota-based coaching institute to launch a cost-saving drive
2 mins
Independent artistes struggle to collect royalty payments
Artiste managers and entities are educating artistes on tracking their performance and data on streaming platforms
1 min
Kuwait explores storing oil in Indian strategic reserves
Gulf nation-run firm expresses interest in leasing space from local entity operating caverns
2 mins
Medusa Beverages eyes ₹120 cr for new beer plant in FY26
Medusa Beverages Pvt. Ltd, the company behind the Medusa beer brands, aims to double its volumes by FY26 through a capacity expansion planned in Punjab in the coming fiscal year.
1 min
'Conservative lending, CASA growth priority'
DCB Bank plans credit cards against fixed deposits, avoids risky lending
2 mins
South Korean President Yoon faces impeachment after martial law debacle
If Yoon resigned or was removed from office, PM Han Duck-soo would fill in until election was held within 60 days
3 mins
Amazon announces supercomputer for training AI models
The company's new giant server will lower the cost of AI as it seeks to build an alternative to Nvidia
6 mins
How Painful Will Trump's Tariffs Be For American Businesses?
Their options range from hoarding goods and raising prices to rewiring supply chains
4 mins
Star Cement plans capacity expansion
Northeast-based Star Cement on Wednesday said it plans to expand its capacity by an additional two million tonnes through a greenfield project in Assam's Silchar at a cost of ₹400 crore.
1 min
Byju's exec faces US court sanctions
The chief content officer of troubled edtech firm Byju's and an ally of the company's founder face financial sanctions in the US for their roles in stripping software, cash and other assets from businesses under court supervision.
1 min
Fadnavis to be sworn in as Maharashtra CM today
Swearing-in ceremony will be held in the presence of PM Narendra Modi
1 min
Kotak aims to raise ₹2K cr pvt credit AIF
Kotak Mutual Fund is targeting to raise up to ₹2,000 crore through its maiden private credit alternate investment fund (AIF), a senior official said on Wednesday.
1 min
Rajya Sabha clears Boilers Bill, 2024
The Rajya Sabha on Wednesday cleared a bill to provide for the regulation of boilers, safety of life and property of persons from the danger of explosions of steam-boilers and uniformity in registration.
1 min
Antler India plans to invest ₹211 cr in 2025
Venture capital firm Antler India is planning to invest $25 million, or about ₹211 crore, in 50 startups in 2025, the company said on Wednesday.
1 min
Pure EV to expand dealerships by 250
Electric two-wheeler maker Pure EV on Wednesday announced plans to open 250 dealerships pan-India over the next 30 months as part of a road map to strengthen its presence nationwide and expand globally.
1 min
Citigroup faces $26 million in losses on Australian block trade
Citigroup Inc. is facing potential losses of as much as A$41 million ($26 million) after it was unable to fully sell a block of shares in Australia's Goodman Group it had underwritten for China's sovereign wealth fund, according to people familiar with the matter.
1 min
IBA raises concerns over likely tax hike
The Indian Beverage Association (IBA) on Wednesday expressed concern over the potential increase in the goods and services tax (GST) rate on aerated drinks.
1 min
Govt offers 27 coal blocks in auction
The government will offer 27 coal blocks across various states as it launches the fresh round of commercial mine auction today.
1 min
Airtel and Ericsson ink equipment deal
Bharti Airtel on Wednesday signed a \"multi-billion\" dollar deal with Swedish telecom equipment maker Ericsson to boost its 4G and 5G coverage in the world's second-largest smartphone market.
1 min
INSIDE THE RACE TO RESTORE NOTRE DAME
Behind the restoration of Paris's greatest landmark—and the controversies that nearly consumed it
9 mins
How to build a ₹1-cr education fund for my children in 12 yrs?
I'm 35, planning to invest ₹50,000 monthly for my kids' higher education in 10-12 years, aiming for ₹1 crore.
1 min
The Elephant In The Room: Why Your Tax Refund Is Unexpectedly Delayed?
The primary issue is the backlog of over 580,000 cases before (appeals) commissioner
3 mins
From clutter to clarity: How a jeweller fixed his finances
Here's how a fixed-fee advisory rejigged Kesarwani's portfolio of 27 MFs, 9 insurance policies
3 mins
Australia's social media curbs are worthy of emulation
Barring under 16s from social media will at least spotlight the harm these platforms are doing them
3 mins
Cricket decisions to self-driving car deaths: Spot the AI paradox
Human biases lead to frequent failures but we expect technology systems to be entirely error-free
3 mins
Banking reforms must show greater ambition
Tweaks in Indian banking laws are welcome, but this sector needs a structural shift. Much more credit must go to small needy businesses, while big firms raise funds by issuing bonds
2 mins
India's GDP shocker: Bad news can sometimes be good
A tango of fiscal and monetary policies can do the trick and give India's economy the fillip it needs
4 mins
India's insolvency code is a vital growth enabler: Let's enhance it
This reform would perform better if we adopt technology for processes, clarify legal principles and close cross-border gaps
5 mins
The US Fed must rethink the way it exercises its authority
Clarify quantitative tools and shift the rate targeted by Fed policy
3 mins
A new creative platform for Himalayan communities
A new festival hopes to create a common platform for craft, art and heritage of communities from the Himalaya
3 mins
Kendrick tops Apple Music's 2024 song chart
'Not Like Us' is Kendrick Lamar's first No. 1 on the year-end global chart
2 mins
Challenging conventional binaries of existence
The materials she uses-paper, graphite, glass, metal, or found objects-carry their own histories and tactility
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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