Mint Mumbai - December 23, 2024
Mint Mumbai - December 23, 2024
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In this issue
December 23, 2024
Damani mixes BAT pick for chair of VST Industries
Top billionaire investor and D-Mart promoter Radhakishan Damani opposed the candidate for chairmanship proposed by British American Tobacco (BAT) for its Indian unit VST Industries Ltd, leading to his rejection at a shareholder vote, according to voting disclosures and an executive privy to the development.
2 mins
Lenders auction more gold as RBI steps up scrutiny
Companies lending against gold are auctioning the collateral in higher quantities to recover stressed loans, at a time of rising regulatory scrutiny over the sector.
3 mins
Dozen firms set to exit auto PLI lane
Companies have not been able to start investing as planned
2 mins
India, Kuwait elevate ties to strategic partnership during Modi visit
India and Kuwait on Sunday elevated their relationship to a strategic partnership and inked a key pact on forging deeper defence ties as Prime Minister Narendra Modi held extensive talks with the top leaders of the Gulf nation, including Emir Sheikh Meshal Al-Ahmad Al-Jaber Al-Sabah, on ways to intensify the overall trajectory of bilateral cooperation.
1 min
UP govt to launch new export policy to push its trade share
The Uttar Pradesh government is working to unveil a new export policy for 2025-30, aiming to significantly enhance the state's contribution to India's overall exports.
1 min
Centre to infuse ₹500 crore in IFCI
The government has decided to infuse ₹500 crore capital in state-owned IFCI to improve its financial health ahead of the company's proposed restructuring and consolidation into a group.
1 min
CCPA fines IAS coaching centres
The Central Consumer Protection Authority (CCPA) has fined two IAS coaching centres a total of ₹9 lakh for issuing allegedly misleading advertisements related to the results of the UPSC Civil Services Examination (CSE) 2022, two people said.
2 mins
A DIRTY GAME FOR VOTES, IN THE NAME OF DR AMBEDKAR
Today, instead of political process, we are seeing monotonous, senseless hate
3 mins
Apex auto tester looks to accelerate to the green lane
Automotive Research Association of India to focus on electric and hydrogen powertrains
2 mins
Funding momentum slows after stellar week
The five-day period ended 20 December saw funding activity decline to nearly a third of the previous week's high of about $900 million, data collated by VCCircle showed.
1 min
At CES, it is not just about consumer tech any more
Many gadgets have become enterprise tools; big chunk of attendees at last CES were from B2B
3 mins
Rate cut can aid govt-led growth: MPC's Kumar
Kumar, one of the six members of MPC, noted that slower growth largely reflected the industrial sector's weakness
1 min
IT swings between hope & despair
Global IT giant Accenture's Q1FY25 results surprised with constant currency (CC) revenue growth of 8% year-on-year, beating its 2-6% guidance.
2 mins
WRONG OR EARLY TO SAY BEST OF HOTEL EARNINGS IS BEHIND?
Even when it comes to taking a vacation, Bertie is a contrarian. He always opts to stay in Mumbai in December when the city offers its best weather.
3 mins
Earnings growth slowdown appears temporary, rebound likely in H2
The expected recovery in capex during the second half should benefit companies linked to this theme Hari Shyamsunder Vice president, Franklin Templeton
3 mins
Good scope for chip fab in India: Canon
Japanese imaging and optical products major Canon believes that it has a good opportunity in India for its semiconductor lithography equipment required for chip fabrication, and it is in negotiations with companies setting up facilities here, said its India president and CEO Toshiaki Nomura.
1 min
'Push manufacturing for GDP growth'
As India pushes forward in its goal of achieving developed nation status by 2047, the focus is not only on increasing the GDP, but also on the per capita GDP.
4 mins
Swarovski bets big on lab-grown diamonds
Falling demand in China prompted the firm to focus on markets like India, where it plans to reach 70 stores in a year
2 mins
What does Accenture's hiring spree mean for Indian IT cos?
India's $254-bn IT services industry saw its slowest revenue growth of 3.3% last year, but expects a demand recovery
2 mins
Religare backs Saluja amid proxy advisors' ouster call
InGovern, IiAS warned that the Saluja-Burman dispute and litigation could distract the board
2 mins
JioStar, ZEE set for SA20 vs ILT20 duel
Cricket fans are set for a high-stakes showdown as South Africa's SA20 and the UAE's International League T20 (ILT20) launch their third season in the same week in January.
1 min
The unlikely ingredient that could end U.S. dependence on Chinese batteries
Batteries that use sodium instead of lithium may allow the U.S. and its allies to create a new supply chain for energy storage taking off across the world
5 mins
Boeing wins $36 billion deal from Turkey
Boeing Co. won an order valued at $36 billion from Pegasus Hava Tasimaciligi AS, in its biggest commitment so far this year that deals a blow to rival Airbus SE, previously the preferred choice for the Turkish low-cost airline.
1 min
Nissan needs a Honda rescue. What went so wrong?
Nissan, once a symbol of Japan's carmaking prowess, spent the past five years trying to regain its footing after the arrest of long-time leader Carlos Ghosn, only to find itself in a precarious spot again.
4 mins
America's chip war with China will spread
In the continuing chip war between Washington and Beijing, the U.S. has the clear upper hand on the most cutting-edge technology.
2 mins
India could be key SAF producer: lata
India has the potential to be a key producer of sustainable aviation fuel by utilizing its ethanol supplies and availability of lipid feedstocks like non-edible industrial oils, according to a senior official at the global airlines' grouping IATA (International Air Transport Association).
1 min
China says US is 'playing with fire' after latest aid for Taiwan
The Chinese government protested on Sunday the latest American announcements of military sales and assistance to Taiwan, warning the United States that it is \"playing with fire\".
1 min
ISRO to study crop growth in space
Demonstration of seed germination in outer space, a robotic arm to catch tethered debris there, and testing of green propulsion systems are some of the experiments planned on the POEM-4—the fourth stage of Indian Space Research Organisation's (ISRO) PSLV rocket that remains in orbit after launching a satellite.
1 min
India, Sweden to work on green tech
India and Sweden can deepen their collaboration in innovation and green technology with a focus on addressing global climate challenges through sustainable industrial practices and renewable energy solutions, Swedish officials said.
1 min
IOC probes bribery allegation of US cos
State-owned Indian Oil Corporation (IOC) has begun a probe into allegations of a US speciality chemicals firm bribing its officials 15 years ago to obtain contracts to supply catalysts, according to a company's regulatory filing.
1 min
Front-running case: Sebi bans 9 entities
Markets regulator Sebi (Securities and Exchange Board of India) has uncovered a front-running scheme involving PNB MetLife India Insurance Company equity dealer Sachin Bakul Dagli and eight other entities, who generated illegal gains of ₹21.16 crore.
1 min
CII seeks reforms in priority lending
Industry body CII (Confederation of Indian Industry) has proposed reforms in India's priority sector lending (PSL) framework, suggesting inclusion of emerging sectors and high-impact industries such as digital infrastructure, green initiatives, healthcare, and innovative manufacturing.
1 min
NTT DATA to boost presence in India
Japanese technology firm NTT DATA aims to strengthen its presence in India, double its growth rate, and leverage the country's role as a global delivery hub to capitalise on its economic growth phase, a company executive has said.
1 min
Direct Centre to legally back MSP: Farmer unions urge SC
A parliamentary standing committee has called legal backing for MSP \"essential\"
1 min
Akasa to add more planes this fiscal
Akasa Air is in continuous discussions with Boeing on aircraft deliveries and expects to add a few more planes to its fleet in the current fiscal ending March 2025, the airline's chief Vinay Dube has said.
1 min
FPIs turn net sellers amid rising dollar
After two weeks of buying, foreign portfolio investors (FPIs) turned net sellers in Indian equities last week, with a net withdrawal of ₹976 crore amid a strengthening US dollar and steady rise in US 10-year bond yields, impacting investor sentiment.
1 min
WHAT THE MARKET TAUGHT INVESTORS IN 2024
In multiple pockets of the market this year, new trend chasers learnt some very old lessons
8 mins
What you must know about rental agreements, registration process
According to the Registration Act, 1908, a rental agreement for less than 12 months need not be registered
4 mins
FREELANCERS CAN AVOID HIDDEN FEES, MAXIMIZE EARNING
Being aware of payout options and financial solutions helps freelancers with smarter choices
2 mins
Rupee's managed float: Should RBI shift gear?
To Mint Street's credit, India resolved a macro trilemma in its own special way. Recalibrate it for a more market-priced rupee if the expected trade gains outweigh price-stability risks.
2 mins
Can we use today's geopolitical chaos to uplift India's economy?
Successful economies have geopolitics to thank but India may be letting its opportunity slip away
3 mins
Escaping India within India is an exorbitant exercise
The wealthy in Gurgaon pay mind-boggling prices to keep real India out of their lives. But it doesn't happen
4 mins
Fuel efficiency norms could accelerate clean mobility
Tighter carbon emission standards should push automakers to sell greener vehicles overall
3 mins
India should try the Amul model for all agricultural commodities
The cooperative model behind Amul's success needs to be adopted across India's farm sector. It'll ease credit for farmers too
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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