Mint Mumbai - December 10, 2024
Mint Mumbai - December 10, 2024
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In this issue
December 10, 2024
Malhotra to lead next leg of RBI's war on inflation
The war on inflation has a new general leading the charge, as India's top revenue officer Sanjay Malhotra moves from North Block to Mint Road.
3 mins
India targets speed on Brics trade track
Pact in place with Russia, coming next to South Africa, Brazil
2 mins
Blackstone ends bumper year with IGI public offer
With more than $3 billion garnered through exits in 2024, Blackstone Inc. is looking at one of its most profitable years out of India, according to a Mint analysis.
2 mins
'Centre, state, CPSE capex growth may slow in FY25'
The likelihood has prompted policymakers to address the slowdown in the Union budget.
2 mins
Coal corridors suggested to meet power demand
The standing committee on coal, mines and steel has recommended dedicated coal corridors and real-time tracking systems to bolster coal transportation and address India's growing energy needs.
1 min
Govt okays rules for exploring oil and gas deposits in forests
The Union environment ministry has streamlined the approval process for surveys and exploratory drilling in forest areas to search for oil and gas, according to a letter sent last month to the principal secretaries and additional chief secretaries (forests) of all states and Union territories (UTs).
1 min
Q2 growth below expected number: SBI CAPS
The Indian economy faced a sluggish start to FY25, with Q2 GDP growth falling below expectations due to monsoon disruptions, subdued government spending, weaker urban demand and a slowdown in lending, SBI CAPS said in a report on Monday.
1 min
Official monthly jobs data from FY26
Urban joblessness during July-September 2024 stood at 6.4%, compared with 6.6% in the same period last year
2 mins
Global investors see India as key mkt: report
Global investors are increasingly seeing attractive opportunities for private equity (PE) investments in India, followed by Japan and South Korea within Asia Pacific private markets, according to an analysis by investment firm Coller Capital.
1 min
PE investors to win big in Sai Life Sciences' IPO
TPG Asia, HBM stand to make gains of 4x to 13x at upper end of price band
2 mins
Godrej adds to FMCG gloom
Under pressure
2 mins
Pre-policy Nifty option volatility may face scrutiny
Index options trading surged to 823.4 mn last Thursday versus 538 mn on 4 June after BJP fell short of majority alone
2 mins
Why Raamdeo Agrawal is betting on Asian Paints
The beauty of buying a bruised blue chip is that the downside is limited, while the upside is unlimited Raamdeo Agrawal Chairman & cofounder, Motilal Oswal
3 mins
Vodafone Plc's stake sale may ease Indus's chronic pain
Indus Towers Ltd is set to get some relief from Vodafone Plc's announcement that it will sell its stake of 3% in the company.
2 mins
Former Swiggy CTO launches stock-trading platform Sahi
Sahi has acquired registration with NSE and BSE, and has also secured the depository licence from CDSL
2 mins
Cox & Kings readies for revival
Wilson & Hughes, its new owner, will infuse ₹1,000 crore to rebuild the company as a digital-first travel agency
2 mins
Air India places order to buy 100 more Airbus jets
The airline is in the third phase of its transformation journey which commenced in April 2024 and will end in March 2027
2 mins
HC accepts Mahindra's undertaking to not use '6E' for EVs
Mahindra agreed to rebrand the model from BE 6E to BE 6 but signaled its intent to contest IndiGo's claims in court
1 min
Crafting Bharat: Deep-tech edition-how GalaxEye is transforming space imaging
India's space sector can be broadly, though not exclusively, divided into two major domains: commercial and research.
3 mins
Car sales slide 14% in Nov as inventory pile-up persists
Overall retail sales of vehicles across categories rose more than 11% y-o-y in Nov, lifted by a 16% rise in two-wheeler sales
1 min
Gentari to sell green power to AM Green Ammonia
Renewable energy major Gentari, through its subsidiary Gentari Renewables India Castor One Pvt. Ltd, will supply 650 MW of round-the-clock green power to AM Green Ammonia India Pvt. Ltd (AMG Ammonia) under a power purchase agreement.
1 min
FIVE OF MPC'S SIX MEMBERS MAY SOON BE NEW
The nearly brand-new MPC will be up against challenging times ahead
2 mins
Das wraps up RBI tenure
Much of Das’s tenure was marked by actions that earned him acclaim, but challenges arose in his second term
2 mins
Pan-India developers 'redevelop' in Mumbai
Developers are drawn to the massive opportunity also in the SRA space
2 mins
Metropolis acquires Core for ₹247 crore
India's second largest pathology lab chain Metropolis Healthcare Ltd on Monday announced that it had acquired a 100% stake in Delhi-NCR headquartered Core Diagnostics, a prominent player in India's specialised diagnostics sector, for ₹246.8 crore.
1 min
NSEIT rebrands to focus on global mkt
Investcorp-backed NSEIT, which provides digital and cybersecurity solutions, will rebrand to NuSummit and will pivot to focus extensively on global markets, according to the company's top executive.
2 mins
Ad giant Omnicom acquires Interpublic in $13.25 bn deal
The deal is expected to close in the second half of 2025 and generate annual cost savings of $750 million
2 mins
Why Disney is plowing cash into a cruise line expansion
trains of \"When You Wish Upon a Star\" drifted across lower Manhattan on a recent November evening, echoing from Disney's newest cruise ship on its path south down the Hudson River toward Florida.
4 mins
Hyundai to set up 600 EV stations
Hyundai Motor India on Monday said it will install around 600 public EV fast charging stations across the country in the next seven years.
1 min
Adani's $88 bn India investment plan
Adani Group will invest over ₹7.5 trillion ($88.5 billion) in Rajasthan, a top executive said on Monday, marking the group's first major investment since the US indictment of its billionaire founder.
1 min
Govt functioning but challenge looms: Syrian PM Ghazi Jalali
Damascus was quiet on Monday, with life slowly returning to normal while most shops and public institutions were closed
1 min
Vi to raise $234 mn via share issue
Vodafone Idea will raise up to ₹1,980 crore ($233.8 million) through the issue of preferential shares, the Indian telecom company said on Monday.
1 min
TaMo, Kia India to hike vehicle prices
Tata Motors and Kia India on Monday announced plans to hike vehicle prices from January to offset the impact of rising input costs.
1 min
Inventurus IPO to open on 12 Dec
Inventurus Knowledge Solutions Ltd, which provides healthcare support services, on Monday set a price band of ₹1,265-1,329 per share for its ₹2,498-crore initial public offering (IPO).
1 min
Media sector to hit ₹3.65 tn by 2028
India's media and entertainment sector is poised to grow at a compound annual growth rate (CAGR) of 8.3%, reaching ₹3.65 trillion ($19.2 billion) by 2028, far outpacing the global growth rate of 4.6%, according to PwC India's report, Global Entertainment & Media Outlook 2024-28: India Perspective.
1 min
DMEDL raises ₹775 cr via green bonds
ME Development Ltd (DMEDL), an arm of National Highways Authority of India (NHAI), has raised ₹775 crore through issuance of green bonds in roads and highways sector, an official statement from the ministry of road, transport and highways said on Monday.
1 min
Rupee plunges 20p to close at 84.86/$
The rupee saw its steepest fall in over a month and plunged 20 paise to settle at its lowest-ever level of 84.86 against the US dollar on Monday, amid volatile geopolitical situation and muted trend in domestic equities.
1 min
India, Bangladesh foreign secretaries meet in Dhaka
Foreign secretaries of India and Bangladesh met here Monday for high-level talks between the two nations amid strained bilateral ties following the ouster of prime minister Sheikh Hasina in August.
1 min
CE Info scraps plan to invest in CEO co
E Info Systems, the parent firm of digital maps provider MapmyIndia, said on Monday that it has scrapped plans to invest in a company being set up by its outgoing CEO after receiving investor feedback, with its shares closing 16% higher.
1 min
HOW LIVSPACE IS READYING FOR AN IPO
With metros saturated, India's largest home interior startup is looking for growth in the heartland
7 mins
Hedge funds, asset managers are bullish on dollar
A resilient US economy and deepening geopolitical tensions around the world are making asset managers rethink their expectations for a weaker dollar.
1 min
Why to avoid biz payments from personal credit cards
Banks repeal rewards or close accounts if they find business transactions from personal cards.
3 mins
ESG INVESTING REMAINS FRAUGHT WITH CHALLENGES
ESG funds can play a significant role in promoting sustainability measures
3 mins
Is it possible to sell property without PAN?
My sister and I inherited a property from our mother in 2020. I am a US citizen with an Overseas Citizenship of India (OCI) card, while my sister lives in India. Both of us are now selling the property to an Indian.
1 min
Demography is destiny: It's a law that cannot be shaken
Policies must aim not to control fertility but promote human capital, innovation and prosperity
4 mins
Trump's victory calls upon us to reshape our globalization game
India should let in Chinese FDI and technology to make the most of its China-plus-one opportunity
4 mins
Malhotra has his task cut out as RBI's next leader
As RBI governor-designate Sanjay Malhotra moves from North Block to Mint Street, he will need to tread a fine line on monetary-fiscal policy coordination in favour of India's economy
2 mins
The HPV vaccine saves lives: The US must not mess with it
Anti-vaxxers in charge of public health might endanger women
3 mins
Data brokers pose hidden dangers that must be tackled
Profiles being hawked without tight oversight puts not just individuals but entire countries at grave risk
3 mins
Why Bidenomics did not deliver in spite of its working class focus
Joe Biden's policies failed to recognize the changed nature of the US economy and so they were unable to achieve their aims
4 mins
Pre-workout supplements: Aye or nay?
Good quality pre-work supplements can help boost your energy to exercise
1 min
Enjoy year-end parties without social burnout
Keep your social battery on high charge for year-end gatherings by setting firm boundaries, opting for quality interactions and oodles of self-care
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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