Mint Mumbai - December 25, 2024
Mint Mumbai - December 25, 2024
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In this issue
December 25, 2024
Small packs flood shelves as rural India defies slump
FMCG giants betting on hinterland to drive consumption as urban demand cools
3 mins
Power capacity takes green leap
Spurred by the approaching expiry of a transmission charge exemption, renewable power developers have begun to hasten completion of their projects.
2 mins
Xmas cheer missing for markets this Dec
Santa's sleigh seems to have taken a detour this year, leaving behind a subdued holiday market instead of presents.
3 mins
'Dreamers' make emergency plans as Trump vows to deport millions
When Oscar Silva graduated from the University of North Texas in May, he proudly walked across the stage to claim his bachelor's diploma. Many of his fellow graduates went on to well-paying jobs, but Silva couldn't launch a career with his accounting and economics degrees because he lacked legal status in the U.S fully.
4 mins
Agri export policy to get a makeover
India's six-year-old Agricultural Export Policy (AEP) is set for an overhaul as export destinations shift and the country's farm exports basket becomes more diverse, three people directly involved in the process said.
2 mins
MPC members say high repo rate cannot ease food prices
The two external members' views were in sharp contrast to others at the December meeting
2 mins
India reviews $30 billion sulphur-cutting programme for coal plants
India is reviewing a decade-old $30 billion programme requiring coal-fired power plants to install equipment to cut sulphur emissions after government-backed studies showed they had little impact on curbing pollution, according to a document reviewed by Reuters.
2 mins
THE STATESMAN WHO SHAPED INDIA WITH HIS VISION, RESOLVE
Today, 25 December, is a very special day for all of us. Our nation marks the 100th jayanti of our beloved former prime minister, Shri Atal Bihari Vajpayee ji.
4 mins
Economists discuss jobs, infra funds with PM
Job creation, improving farm productivity, and mobilizing public funds for infrastructure development were some of the issues that figured during the interaction between Prime Minister Narendra Modi and economists ahead of the 2025-26 Union budget.
1 min
A looming threat to bitcoin investors: Risk of a quantum-computing hack
A study estimated that a quantum hack of bitcoin would cause more than $3 trillion in losses in crypto, other markets
3 mins
Trump's TikTok love raises doubt on ban plan
President-elect Donald Trump's repeated support for TikTok has sparked speculation about potential solutions to prevent the app's impending ban in the US, though the path forward remains unclear.
1 min
Singapore leads Hong Kong in race to become crypto hub
Hong Kong's tight curbs on exchanges may have tipped the balance in favour of Singapore
2 mins
India's push for own satellite constellation draws 30 firms
Thirty Indian companies have answered the space regulator's call to build and operate constellations of Earth observation (EO) satellites in a private-public partnership to reduce the country's reliance on foreign data for defence, infrastructure management and other critical mapping needs.
1 min
Persistent, CoRover.ai partner for GenAI integration
IT services firm Persistent Systems has partnered with artificial intelligence (AI) services provider CoRover to drive innovation in the field of multilingual conversational platforms powered by Generative AI (GenAI).
1 min
Rising third-party mix, capex boost outlook for JSW Infra
Coasting ahead
2 mins
China eyes record debt issuance next year to ramp up stimulus
Chinese authorities have agreed to issue 3 trillion yuan ($411 billion) worth of special treasury bonds next year, two sources said, which would be the highest on record, as Beijing ramps up fiscal stimulus to revive a faltering economy.
2 mins
Why IRCTC can't earn a 'buy'
Slowing speed
2 mins
Number of non-farm firms rises 13% to 73 mn: Govt
The number of non-farm firms in the country comprising proprietorships, partnerships and self-help groups increased 12.84% to 73.4 million, the Union statistics ministry said, citing an annual survey of enterprises other than companies for the period October 2023 to September 2024.
1 min
Key indicators show Q3 recovery, says RBI bulletin
Growth trajectory is poised to lift in H2 of 2024-25 driven by resilient domestic private consumption demand
1 min
Rupee falls 4p to close at a new low of 85.15 to a dollar
The rupee extended the slide for the second straight session and depreciated 4 paise to settle at a fresh all-time low of 85.15 against the US dollar on Tuesday, dragged by a strong greenback against major crosses overseas and subdued domestic equities.
1 min
Hurt by imports, steelmakers eye safeguard duty
The temporary measure, likely in the last quarter of FY25, will protect domestic firms from cheap imports
2 mins
Poly Medicure to focus on medical devices exports
Indian medical equipment manufacturer Poly Medicure Ltd. will continue to focus on export markets amid rising demand in the United States and as global economies look to diversify their supply chains away from China, a top company official said.
1 min
Deloitte, 2 former partners penalized over audit lapses
The action stems from Deloitte's alleged failure to identify & report irregularities related to a ZEE FD in Yes Bank
1 min
Prez Biden to rule on Nippon Steel's $15 billion US Steel bid
Letting Nippon Steel take over US Steel may lead to lower domestic steel output, says CFIUS
2 mins
Southern films shine in 2024 led by Malayalam, Tamil hits
South Indian cinema sees 10-15% revenue growth as Hindi films struggle at the box office
2 mins
Airlines see 12% growth in domestic passengers
Indian airlines carried 14.2 million passengers on the domestic routes in November, up nearly 12% compared to a year earlier, amid rising air traffic demand.
1 min
Xmas fails to cheer up 2024 box office
Theatres are banking on Pushpa 2, and animation flick Mufasa to carry them through the festive period
1 min
Pre-IPO rounds revive late-stage funding
There was an improvement in both the number and average ticket size of Series D stage and above deals in 2024 versus the year before
5 mins
Edtech's focus on profits, new niches sparks renewed investor optimism
Early-stage funding more than tripled to $303.2 million this year, from $100.7 million in 2023
3 mins
Smartphone makers are embracing digital detox to fight screen addiction
A study by Vivo found parents spend 5.5 hours and children about 4.5 hours on their phones each day
3 mins
Gen AI, data centres march into 2025
The Centre is evaluating a $3 bn R&D plan for India to climb up the value ladder-as opposed to being a usage economy
5 mins
The 'invisible wall' amplifying China's population doom loop
China still has more left-behind children than any country in the world, 67 million in 2020, official data shows
5 mins
Syria's rebel leaders have control of the country. Now what?
The new Islamist-led government promises moderation, but officials aren't committing to such issues as women's rights or free elections
8 mins
India to fund 33 development projects in Sri Lanka
India is to provide ₹237.1 crore to Sri Lanka for 33 development projects in education, health and agriculture sectors in the eastern province.
1 min
Samsung plans to re-enter ACs market
Samsung India is planning a comeback into the residential air conditioner (AC) market, which witnessed unprecedented sales growth in summer this year.
1 min
Akasa Air fined ₹10 lakh by DGCA
The civil aviation regulator, directorate general of civil aviation (DGCA) on Tuesday imposed a fine of ₹10 lakh on Akasa Air for refusing boarding to seven passengers on a Bengaluru-Pune flight.
1 min
Indian IT hiring: '25 promises rebound
Indian information technology (IT) hiring landscape is at a pivotal juncture as it transitions from a year of decline towards a more hopeful future.
1 min
Lokpal calls Buch, Moitra for hearing on corruption charge
Ombudsman is hearing complaints filed on basis of Hindenburg Research report
1 min
Office space leasing up 14% in top 6 cities
Office space demand remained strong this year with gross leasing of workspace rising 14% to a record 66.4 million sq. ft across six major cities, according to Colliers India.
1 min
Bangladesh launches $5bn graft probe against Sheikh Hasina
An anti-graft panel in Bangladesh has launched an investigation against former prime minister Sheikh Hasina and her family in connection with the allegations of embezzling $5 billion in the Rooppur nuclear power plant, according to a media report.
1 min
Guidelines on pesky calls next month
The consumer affairs ministry will release guidelines next month to tackle unsolicited commercial communications or pesky calls, a senior government official said on Tuesday.
1 min
A BONE THIEF IN UKRAINE'S BACKYARD
Ukrainian officials say the Russians continue their efforts to repatriate the remains of Soviet war dead
7 mins
Simplifying estate planning: The value of expert guidance
Engaging a professional like estate planning attorney who has expertise in her/his field, is very important.
2 mins
INTERNATIONAL ETFs ARE TRADING AT A PREMIUM: WHAT SHOULD INVESTORS DO?
Most successful investors remain informed, agile, and approach investments strategically
3 mins
AP split leaves state-backed bondholders high and dry
Investors await payments as Andhra and Telangana dispute AP power bonds post-bifurcation
4 mins
All that glitters is not an auction of pawned gold
Gold auctions have risen lately. A sign of distress? Partly. These are more likely the result of lenders sprucing up their gold-loan portfolios after RBI frowned on risky lending practices
2 mins
Trump's tariffs will not eliminate the dollar's exorbitant privilege
Exporters to the US may want to shift trade into other currencies but the dollar won't be dethroned
4 mins
We must approach tech transformations with due care
How we deal with technology is getting highly complex. It's the reason we must exercise fine judgement
4 mins
We could expect East Asia to spring some surprises in 2025
China, Hong Kong and Vietnam will be under watch for a reason
3 mins
Inflation targeting: It should not constrain Indian manufacturing
Monetary policymakers should analyse the price dynamics of the entire basket of items that make up India's national income
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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