Mint Mumbai - December 09, 2024
Mint Mumbai - December 09, 2024
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In this issue
December 09, 2024
₹100 tn infra plan to roll out over 5 years
Capital expenditure expected from both govt and private sector
2 mins
GenAI shadow over IT Inc.'s app, client support businesses
Generative AI that stormed the technology world with the launch of ChatGPT two years ago may be about to make its mark on India's $254 billion IT services industry.
3 mins
GoFirst's airport slots may go to others soon
Bankrupt Go First's valuable slots could soon be reallocated among airlines such as IndiGo, Air India and Akasa Air to ease congestion at the country's top airports as demand for air travel continues to rise.
2 mins
India flags trade line, China worry in FTA talks with Oman
The FTA is deadlocked as Oman requested India to revise market access for specific products
1 min
Separatist Sparks in Punjab Must Be Promptly Doused
People from a forgotten era are making political comebacks in Punjab
3 mins
Govt proposes to decriminalize minor defaults on the part of MSMEs
The Union government is considering decriminalizing minor defaults under the Micro, Small, and Medium Enterprises Development (MSMED) Act.
2 mins
Govt asks MTNL lenders to hold off exploring insolvency options
The government has asked lenders to hold off exploring insolvency options for Mahanagar Telephone Nigam Ltd (MTNL), according to two people aware of the development, after the state-owned telecom operator turned a non-performing asset (NPA) for several banks in Q2FY25 due to non-repayment of loans.
1 min
NGEL, Maersk talk green fuel
TPC Green Energy Ltd, (NGEL) a subsidiary of India's largest power generation utility NTPC is in talks with global shipping major A.P. Moller-Maersk A/S to sell green methanol for its ships, said two people in the know of the developments.
1 min
Farmers suspend Delhi march for the day
Protesting farmers on Sunday afternoon suspended their foot march to Delhi for the day after some of them suffered injuries in tear gas shelling by Haryana security personnel along the state's border with Punjab.
1 min
Palo Alto CIO warns of AI risk
Artificial intelligence's role in escalating cyber threats demands new security approaches, says Meerah Rajavel
2 mins
IndiaRF to invest up to ₹1,000 cr in Anthea Aromatics
About 27% of the investment, or ₹270 cr, will be in primary funding while the rest will be secondary, a person said.
1 min
Why CDSL Deserves a Premium
Shares of Central Depository Services (India) Ltd (CDSL) have doubled so far in 2024 to touch an all-time high of ₹1,899 apiece on Friday, with trading volume spiking to 2x the monthly average.
2 mins
It's Artificial Versus First-Rate Intelligence
AI has not made deep inroads into Bertie's life except for how he searches for things online
3 mins
Indian govt, regulators committed to attracting private capital
There's a false narrative that ESG is a tax when it can deliver better risk-adjusted performance Baer Pettit President & chief operating officer, MSCI
4 mins
Fears of trade turmoil to spur final rate moves
By central banks' first meeting in 2025, Trump will have taken office, and potential tariffs could be closer to reality
1 min
Winner of the coveted Gaja Capital Business Book Prize announced
Sonu Bhasin's Entrepreneurs Who Built India-Lala Shri Ram: The Man Who Saw Tomorrow, took home the Gaja Capital Business Book Prize 2024.
2 mins
Winter Wear Sales Warm Up As Mercury Dips
A surprisingly warm November led to a slow start to winter apparel sales, but a steady dip in temperature recently has boosted demand, bringing relief to retailers.
1 min
E-comm players look to curb regulator's powers: CCI to SC
CCI has told the apex court that two dozen writ petitions have been filed in high courts
2 mins
Prasar Bharati's OTT eyes family content
WAVES will offer free access to shows from its TV channels, alongside select curated premium content
1 min
Creators fret over losses due to copyright infringement
YouTube removes the content on being notified by copyright holders, terminates the accounts of repeat offenders
2 mins
Lemon Tree eyes shared loyalty alliances with global hotel chains
My expectation is that in the next 4-5 years, 100 million Indians too will start travelling abroad Patanjali G. Keswani Chairman, Lemon Tree Hotels Ltd
2 mins
Flash sales at every occasion is retail mantra for visibility
Black Friday and Christmas to monsoon, retailers lure buyers with offers through the year
2 mins
Subsidies via digital rupee may start with study loans
The government is considering paying subsidy amounts through a pre-programmed digital rupee (e₹), and the country's youth could be among the first beneficiaries to get education loan subsidies through the central bank's digital currency by mid-February, two officials said.
1 min
Electronics part makers seek aid of ₹72,500 cr
Electronics component makers body has sought a ₹72,500 crore ($8.57 billion) support package to boost local production of raw materials and cut reliance on imports, an industry official said.
1 min
Can Camso transform Ceat into a high-margin business?
Ceat is buying Michelin's Camso brand's off-highway tyres and tracking business for $225 mn
3 mins
Can stocks pull off a third consecutive year of big gains?
Wall Street is grappling with whether another year of robust gains is possible for a stock market that is looking precariously expensive.
3 mins
Impeachment vote highlights gen gap
South Korean President Yoon Suk Yeol's impeachment vote is highlighting a widening generational chasm.
1 min
South horea crisis deepens as Yoon faces probe over imposition of martial law
South Korea's political crisis intensified after President Yoon Suk Yeol survived an impeachment vote on Saturday, with the prosecutors' office reported to have opened an investigation into his role in last week's brief imposition of martial law and arrested the former defence minister in connection with the declaration.
2 mins
Impeachment vote highlights gen gap
On one side are conservative voters, while the other end represents more liberal South Koreans
1 min
The fall of Assad brings to an end a decades-long dynasty
Assad's whereabouts were unclear on Sunday, amid reports he fled as insurgents seized the Syrian capital
5 mins
Gukesh beats Ding Liren to take lead in World Championship
Young Indian Grandmaster D Gukesh on Sunday took a giant step towards the World Chess Championship title by defeating defending champion Ding Liren in the 11th game, taking a 6-5 lead in the contest after a spate of draws.
1 min
Aligning audit with global standards
Aligning India's auditing with global standards will help boost investors' confidence, attract more funds and ensure greater credibility to the financial data, National Financial Reporting Authority's chief Ajay Bhushan Prasad Pandey has said.
1 min
Bhutan Hydro plant to start in 2029: Tata
The construction work of the ₹6,900 crore Khorlochhu Hydropower Project in Bhutan has started, and the plant is likely to be commissioned by 2029, Tata Power chief executive officer and managing director Praveer Sinha has said.
1 min
Aadhar Housing Fin aims for ₹25k cr AUM
Aadhar Housing Finance, which caters to the affordable segment, expects its asset under management (AUM) to cross ₹25,000 crore by the end of the current financial year.
1 min
Rajnath Singh heads to Russia for meet to boost defence ties
On Monday, Singh will commission a warship at the Yantar shipyard in Kaliningrad
1 min
Five main-board, 6 SME IPOs this week
Together, these 11 firms aim to raise approximately ₹18,500 crore through public offerings.
1 min
Foreign secy to visit Dhaka on Monday
Foreign secretary Vikram Misri is expected to raise with Dhaka India's concerns over attacks on Hindus and other minorities as he embarks on a day-long visit to Bangladesh on Monday, in the first high-level trip from New Delhi after a massive uprising ended deposed prime minister Sheikh Hasina's 15-year rule in August.
1 min
'Anti-drone unit for border security'
Union home minister Amit Shah on Sunday said India will soon create a comprehensive anti-drone unit to secure its borders as the \"menace\" of unmanned aerial vehicles is going to get serious in the coming days.
1 min
Saudi Arabia cuts oil prices for Asia
Saudi Arabia is cutting oil prices for buyers in Asia by more than expected after OPEC+ further delayed an output revival, underscoring how the outlook for the market remains weak.
1 min
Yum! Restaurants sees ₹162 cr profit
Yum! Restaurants (India), which owns QSR brands such as Pizza Hut and KFC in the Indian market, was back in the black in FY24, reporting a profit of ₹162.04 crore while its revenue from operations was up 6.6% to ₹689.93 crore, the company said in an RoC filing.
1 min
Insurance Bill may not be introduced
The Insurance Amendment Bill, which proposes 100% FDI in the insurance sector, may not be introduced in Parliament in the ongoing session, persons in the know said.
1 min
FPIs return to Indian equities with ₹24,454 cr inflow in Dec
After heavy selling in the past two months, foreign investors staged a strong comeback to Indian equities with a net investment of ₹24,454 crore in the first week of December amid stabilising global conditions and expectations of a potential US Federal Reserve rate cuts.
1 min
MARGIN TRADING: TAX RULES AND BENEFITS DECODED
MTF offers potential for higher returns, but demands planning and tax compliance
3 mins
How the proposed banking law amendments would affect you
New rules are aimed at easing claim process for the bereaved family and reduce unclaimed funds in the system
3 mins
Decoding Zero Dep coverage for older cars
I bought a car in 2019 and had taken insurance with New India company. I came across the add-on coverage of zero dep while renewing my policy. Is it beneficial to opt for the add-on cover for a 5-year-old car?
2 mins
The UK is open for business and India is high on its speed-dial list
The G20 meeting between Starmer and Modi reinforced the mutual will to take ties to new heights
3 mins
Trump's win took apart the worst argument of the West
Western media claims that his popularity was the creation of fake news have turned out to be false
4 mins
Well-paying companies do themselves a favour
The CEA's words for India Inc on its self-interest should remind business leaders to take a long view. Private-sector payrolls need to support consumption by defying three new forces
2 mins
Prudence wins the day: RBI does not effect a knee-jerk rate cut
By not dropping its inflation focus, RBI showed it'll go by what the economy needs and not what the government may want
3 mins
Indian school education is in need of a radical reboot
Dissolve rigid classes based on age cohorts and ease the curricular burden on students
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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