Mint Mumbai - December 26, 2024
Mint Mumbai - December 26, 2024
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In this issue
December 26, 2024
Weaver taps Paragon, Premji for ₹1,000 cr
Weaver Services Pvt. Ltd, an affordable housing finance company founded by former employees of HDFC Ltd, is in talks to raise about ₹1,000 crore from Premji Invest and Paragon Partners, three people familiar with the matter said.
2 mins
India maps industrial park route to turn factory giant
Plan for mega parks providing designated space to firms follows China model
3 mins
The bank behind the fintech revolution stumbles as customer funds go missing
Scot Lenoir turned a sleepy farming bank in Arkansas into one of Silicon Valley's top financial partners. Now it is in crisis mode and some clients have started pulling funds after a business partner failed and thousands of customers couldn't access their money.
5 mins
Hit movies step up mall footfall
A string of blockbuster movies towards the end of 2024 has partly helped rescue shopping malls and retailers after a near washout earlier in the year, according to top industry executives.
2 mins
Lenders raise AI game with in-house talent, outside help
Artificial intelligence (AI) that tiptoed into banking channels with chatbots is about to make bigger strides, as India's leading banks and non-bank financiers look to embrace the technology to improve customer service, cybersecurity and asset quality.
3 mins
TRANSITING FROM 2024 TO 2025 WILL HAVE ITS UNCERTAINTIES
Forecasts for FY25 have been pruned to less than 7%, but the foundations seem resilient
3 mins
GST on used vehicles to vary by nature of business
Tax will be different for enterprises using cars for operations from those using them as stock
2 mins
Mediation council: A key missing link in commercial dispute reforms
Amid a growing policy push for mediation, legal practitioners have pushed for the urgent formation of a council comprising experts and policymakers to determine the rules and procedures involved in mediation.
2 mins
EPFO adds 750k new members in October
The Employees' Provident Fund Organisation (EPFO) reported a net addition of 1.34 million members in October.
1 min
Don't look now, but China's AI sector is catching up fast
Startups use workarounds to challenge OpenAI in some areas despite lack of leading-edge chips
4 mins
Ola Opens 3,200 New Stores in Bid to Win Buyer Trust
The massive rollout comes a couple of months after the firm got slammed by customer complaints
1 min
For SRF, there is no light at the end of the tunnel, yet
The growth catalyst for SRF Ltd would be missing in the December quarter (Q3FY25) even after a dismal Q1 earnings show.
1 min
Investors stay wedded to hotels
Investors of hotel stocks are enjoying a good view.
2 mins
A credit-score hangover is hitting America's riskiest borrowers
Adrianna Boshears's dream of homeownership seemed within reach for the first time in 2021. She and her husband Jeffrey were finally saving money, thanks to pandemic stimulus checks and a larger-than-usual tax refund. A real-estate agent suggested they work to boost their low credit scores before applying for a mortgage.
6 mins
Redington eyes marketplace push as cos turn to AI, cloud
While the cloud, managed services biz is still small, it grew the fastest at 53% in Sep quarter
3 mins
Toyota Sales Stagnate as Factory Woes Compound Low Demand
Toyota Motor Corp.'s global sales plateaued in November as lackluster demand coalesced with a pause in production at two plants.
1 min
Big-budget movies stall amid OTT, box office uncertainties
Even mid-budget and niche films struggle to raise funds without guaranteed box-office and streaming success
2 mins
AI-driven attacks push firms to strengthen cybersecurity
As GenAI rewrites cyber threat landscape, Indian companies see it as top menace to business
2 mins
India's Stock Market in 2024 and What's Weighing on it Next Year
Surging bond yields are predicated on fears of rising inflation expectations in the world's biggest economy
4 mins
Wealth Needs Time To Compound, Just Like A Plant Needs Water And Sunshine
I remember my chemistry teacher writing a question on the blackboard, followed by five sacrosanct sentences! Writing those five points in the answer ensured we would get the maximum possible marks from the board examiner.
3 mins
Wealth Managers' Top Sectors to Pick and Avoid in 2025
Pharma and healthcare are promising, driven by regulatory changes and 'China plus one'
2 mins
Room No 56, Miyako Hotel: An Investing Lesson
Diversify, asset allocate while investing to safeguard your portfolio from fluctuations
3 mins
How asset returns varied in 2024 and in the past 10 years
Data does not throw up any pattern to predict winners of tomorrow; a diversified portfolio is the best approach
4 mins
Investing in 2025: How often should you rebalance your portfolio?
Tax and other fees should be carefully considered before selling investments
2 mins
How a young mayor turned her town into a hub for 'pig butchering' scammers
WSJ got rare access to a criminal enclave in the Philippines from which Chinese gangs targeted people around the world, including Americans
8 mins
The big firms funding Trump's inauguration despite denouncing Jan. 6
Four years ago, dozens of companies denounced the invasion of the U.S. Capitol and pledged to withhold support from those who disputed the 2020 election results.
6 mins
Govt aims to distribute 22 mn Svamitva rural property cards
The scheme aims to create records of rights for inhabited areas in villages
1 min
Korea's Yoon skips questioning again
South Korea's President Yoon Suk Yeol again declined to appear for questioning by investigators over his martial law declaration as the embattled leader seeks to first defend himself at an impeachment trial.
1 min
Centre Launches 10,000 New PACS
Cooperation minister Amit Shah launched 10,000 new multi-purpose Primary Agricultural Cooperative Societies (PACS) on Wednesday and asserted that the government will achieve its target of establishing 200,000 such societies before the five-year timeline.
1 min
'25 mn sq. ft office space being built'
With rising demand of premium workspaces, real estate consultant Anarock has said that realty firms are currently developing around 25 million sq. ft of office space across major cities for catering to the requirements of domestic and foreign companies.
1 min
IndiGo to fly 112 mn passengers in '24'
IndiGo expects to carry 112 million passengers in 2024 and is on the way to become a leading player in global aviation, its chief Pieter Elbers has said.
1 min
Govt Aims To Distribute 22 Mn Svamitva Rural Property Cards
The scheme aims to create records of rights for inhabited areas in villages
1 min
Hisense in talks with EDPL for stake
Hisense group, a China-based multinational appliance and electronics manufacturer, is in talks with Epack Durable to acquire a minority stake in a step-down subsidiary of the Original Equipment Manufacturer.
1 min
Arunish Chawla named revenue sec
Senior bureaucrat Arunish Chawla has been appointed the revenue secretary as part of a top-level bureaucratic reshuffle effected by the Centre on Wednesday.
1 min
Still a Work in Progress: Tech Letdowns of 2024
We shed light on the hurdles these technologies face, and explore their chances of bouncing back
8 mins
Truth About AIFs: Debunking Myths, Tapping Potential
AIFs emerge as a promising avenue for asset diversification, as well as for wealth creation
2 mins
How to choose a crypto trading platform to invest in digital assets
The comparison covers KYC time, minimum investments, safety guidelines, process, user growth and volumes
3 mins
Policymaking as usual does not suffice for periods of transition
Economic thinking across the world must look beyond the certainty of numbers in uncertain times
3 mins
One Nation, One Election: Consultation time has begun
The idea of state and central polls being held in sync has its pros and cons that need careful examination
3 mins
Panama isn't the only US ally Trump has rattled
America's president-elect seems bent on an expansive approach to its 'manifest destiny' but overreach could unsettle Pax Americana. Neutral India, thankfully, needn't worry much
2 mins
Why are product displays on e-commerce sites so drab?
Businesses based on technology shouldn't lose touch with the subtle art of persuasion
4 mins
India's Leadership Has a Valuable Role to Play in a Multipolar World
Its strategic autonomy and multi-alignment place it in a unique position to lead everyone towards globally shared goals
4 mins
Nike's Turnaround Strategy Will Need the Second Shoe to Drop
Its new CEO has made a beginning, but the real big test lies ahead
3 mins
Akhil Katyal on longing, translation and Charles Darwin
Katyal talks about ways of grieving, his approach to translation, and the quest for possible worlds in his new volume
4 mins
After 'Shogun', Content From Japan Is Hot
Adaptations of major manga and other Japanese properties are in the works
2 mins
The Indian coffee trends that defined this year
Limited edition beans, specialized training centres, and the growth of filter coffee were some of the prominent trends of 2024
4 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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