Mint Mumbai - December 06, 2024
Mint Mumbai - December 06, 2024
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In this issue
December 06, 2024
Weekly options expiry witness to battle of bourses
Competition between Asia's oldest exchange and its younger, bigger rival is set to hot up with BSE shifting its weekly Sensex contract expiry from next month even as Sebi's curbs to temper retail frenzy in derivatives have gotten under way.
2 mins
Lenders' unsecured bad loan sales spike
Asset reconstruction companies (ARCs) have seen a spike in the sale of bad debt in the unsecured retail loan portfolios of banks and non-banks in the past six months, as stress rises in the microfinance and personal loan segments.
3 mins
Central capex may keep firing in FY26
At 3.4% of GDP, govt capex may be around ₹12 trillion next fiscal
3 mins
Do business with China but be careful, foreign minister tells India Inc.
India should have a balanced approach to business with China because of the troubled political relationship witnessed over the past four years and the imperative of not becoming dependent on a single supply chain, external affairs minister (EAM) S. Jaishankar said on Thursday.
2 mins
NHAI SPV to issue green bonds worth ₹1,000 crore
The National Highways Authority of India's (NHAI's) fully owned special purpose vehicle (SPV) DME Development Ltd will issue green bonds to raise funds for the implementation of environment-friendly measures on the Delhi-Mumbai Expressway project.
1 min
Eco Survey to focus on deregulation: CEA
The Survey, which analyses India's economic performance, is set to be presented on 31 January 2025
2 mins
Open to funding models for MSMEs
Piyush Goyal emphasized the government's efforts to simplify business processes for MSMEs
1 min
India launches commercial space mission for Europe
Replicating such missions frequently like Elon Musk's SpaceX would be key, experts say
2 mins
EQT's private wealth business eager to tap Indian wealthy
The Swedish PE firm has invested a third of its current fund and the previous one in India
3 mins
Why Sebi wants clearing house holding diversified
Clearing houses are fully owned by their parent stock exchanges, creating potential conflicts of interest
3 mins
Office leasing is set to take off
Things are gradually falling in place for the Indian commercial real estate sector, translating into higher demand for Grade-A offices.
2 mins
Torrent Power's green push boosts its earnings outlook
Torrent Power Ltd's stock has gained over 10% this week after the opening of its qualified institutional placement (QIP), for which it set the floor price at ₹1,555.75 a share.
1 min
Sebi proposes close auction session in equity markets
The Securities and Exchange Board of India (Sebi) on Thursday proposed introducing a close auction session (CAS) to determine the closing price of stocks in the equity cash market.
1 min
Vishal Mega Mart IPO from 11 Dec
Supermart major Vishal Mega Mart is set to launch its ₹8,000 crore initial share-sale on 11 December for public subscription.
1 min
Foreigners buy $1 bn in Indian bonds on policy easing bets
Foreign investors net bought bonds worth over ₹9,000 crore under the Fully Accessible Route in four sessions
1 min
Inflation a consumption killjoy in 2025
The report said consumers would rather spend on experiences such as musical concerts, than on buying goods
2 mins
Myntra joins q-commerce race with 30-min fashion delivery
As the fast delivery trend reshapes India's retail landscape, fashion players such as Flipkart-backed Myntra are jumping on the quick-commerce bandwagon to meet rising consumer expectations.
1 min
Quadria to invest in India's climate-led healthcare firms
Quadria Capital had said earlier this year that it would deploy about $1 bn in the Indian market in the next few years
1 min
NGEL weighs ₹30,000 crore power link for hydrogen hub
The network will be separate from the national grid, and will be a first in India for a project
2 mins
OnePlus to invest ₹6,000 cr in India business over 3 years
Smartphone maker OnePlus on Thursday said it plans to invest up to ₹6,000 crore in its India business over the next three years, one of the largest investments by a Chinese mobile phone company in the country in recent years.
1 min
Vodafone's £15 bn deal could spark mergers in Europe
Vodafone Group Plc won approval for a deal to create the UK's biggest mobile phone company in a major milestone for European telecommunications operators, opening the door for a potential wave of consolidation that would allow the industry to rebuild.
1 min
Bankruptcy rescues down as NCLT falls short of members
In the first half of FY25, 143 businesses got their rescue plans okayed, against 177 a year ago
2 mins
CCPA seeks more info from Ola Electric
The Central Consumer Protection Authority has sought additional documents and information from Ola Electric with regards to the show cause notice issued in October related to 10,644 complaints, according to a regulatory filing by the company on Thursday.
1 min
CAG flags lapses in Hindustan Copper ops
CAG said lapses in firm's marketing, capacity growth and exploration targets hurt India's overall copper output
1 min
'Financing to be a key focus area for Cars24'
The platform aims for 80% financing penetration in pre-owned car sales
2 mins
Regional films fail to meet expectations
India's regional language film industry is struggling to stay afloat, producing only a handful of hits like Bohurupi (Bengali) and Baipan Bhari Deva (Marathi) even during the prolonged absence of Bollywood blockbusters.
2 mins
OpenAI enters Silicon Valley's hot new biz: War
As part of the agreement, OpenAI's technology won't be used with Anduril's other weapons systems
3 mins
Split of Google's business still on the table, new EU competition chief says
The US has urged broader divestments to address Google's alleged stranglehold on online search
2 mins
Macron begins search for new French prime minister as Barnier falls
The budget bill that sank Barnier's government contained €60 billion in tax increases and spending cuts
2 mins
Donald Trump picks Paul Atkins to run SEC
President-elect Donald Trump on Wednesday picked conservative lawyer Paul Atkins to run the Securities and Exchange Commission, choosing a regulatory skeptic who will be expected to curb the agency's enforcement division.
4 mins
Airbus cuts over 2,000 defence and space jobs
Airbus announced just over 2,000 job cuts in defence and space, or about 5% of its second-largest division, as it reels from US competition in the satellites sector but the cuts were not as severe as the European group had first warned.
1 min
Fairfax India to buy 10% more in BIAL
Fairfax India Holdings will buy an additional 10% stake in Bengaluru airport operator BIAL, hiking its overall shareholding to 74%.
1 min
Opec+ has agreement in principle to delay oil production hike
Opec+ already has an agreement in principle to postpone planned January production increase, with discussions continuing about the duration of the delay, delegates said.
1 min
Mumbai's BEST to get 250 e-buses
Delhi-based PMI Electro Mobility Solutions Pvt. Ltd will supply 250 electric buses to Brihan Mumbai Electric Supply & Transport Undertaking (BEST), which operates the financial capital's bus services, in different lots by the end of the second quarter of FY26, according to a company press release.
1 min
RBI adds 27 tonnes gold in Oct: WGC
Gold buying by central banks surged to 60 tonnes in October, mainly led by the Reserve Bank of India (RBI) which added 27 tonnes of the precious metal to its reserves, the World Gold Council (WGC) said on Thursday.
1 min
Exicom eyes growth in EV charger biz
Exicom Tele-Systems, a supplier for car makers such as Mahindra & Mahindra and MG Motor, expects its electric vehicle charger business to bring in half of its annual revenue by 2030, its CEO told Reuters.
1 min
Nykaa Fashion CEO Nihir Parikh resigns
Nykaa Fashion chief executive officer Nihir Parikh has resigned and has been relieved with immediate effect, a regulatory filing said on Thursday.
1 min
Hyundai Motor India to hike prices
Hyundai Motor India said on Thursday it would hike prices across all its models by up to ₹25,000 ($295.07), as the newly-listed automaker seeks to mitigate the impact of rising costs.
1 min
Canara gets nod to divest in MF venture
Canara Bank on Thursday said it has got RBI's approval for a proposal to divest the bank's stake in life insurance and mutual fund ventures.
1 min
Goswami Infratech defers repayment
Shapoorji Pallonji Group has gained assurance from global private credit lenders to defer partial repayment on a ₹14,300 crore ($1.7 billion) bond by its unit, according to a top company official.
1 min
Vodafone Idea eyes ₹2,000 cr fundraise
Debt-ridden telecom firm Vodafone Idea Ltd (VIL) on Thursday said its board will consider a proposal to raise ₹2,000 crore from entities belonging to promoter Vodafone Group.
1 min
Fadnavis back in saddle for 3rd time; Shinde, Ajit Pawar in tow
The newly elected Maharashtra CM was administered the oath by guv Radhakrishnan
1 min
How Populism Crippled Himachal Pradesh
The state is a case study on what unbridled spending can do to finances
8 mins
RISK VERSUS PERCEPTION: NAVIGATING THE FINE LINE BETWEEN REALITY AND FEAR
Risk is a constant in our lives. Some say the constant is change, but don't these two go hand in hand?
3 mins
Scam alert? ₹5 crore insurance coverage just for ₹1,000 a year
One of my friends offered a top-up insurance plan. The plan covers ₹5 crore sum insured sans a deductible of ₹20 lakh. This will cost around ₹1,000 every year.
2 mins
Why an insurer's settlement ratio tells only half the story
Insurers must provide clearer metrics, including payout ratios by amount, for deeper insights
4 mins
Marketers should adapt to the new customer in this age of AI
The emerging consumer's expectations will differ and addressing these will require embracing AI
3 mins
Bhopal haunts us with lessons left half learnt
The shock of that gas leak 40 years ago should've ended industrial disasters in India and fended off air pollution as a threat. We should go the EU way on environmental regulation
2 mins
Air pollution hurts growth: It is time to try new ideas
It astonishes sympathetic global observers that India, with its wealth of public policy experts, should be so inept at handling a major threat to the health and productivity of its population, afflicting not just Delhi, but the entire northern belt of the country in the concluding months of every calendar year.
3 mins
China's mineral export curbs have a silver lining for the US
A counter strategy will likely find bipartisan support in America
3 mins
This year's climate talks were a big let-down but not a surprise
The battle for climate protection is mired in short-termism even as time's fast running out for the world to do what it must
3 mins
Let digital public infrastructure help meet climate aims
When you spend so much of your time working on India's digital public infrastructure, it is easy to overlook all the other countries that are building population-scale infrastructure.
3 mins
On an Icelandic road trip without Google Maps
Búðakirkja church is famous as a wedding spot among European Americans because it is midway between the two continents
4 mins
London restaurants are elevating their Thai food game
Chefs are crafting boundary-pushing dishes, giving diners a high-end alternative to pad thai and curries
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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