Mint Mumbai - December 31, 2024
Mint Mumbai - December 31, 2024
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In this issue
December 31, 2024
Syria looks to pick up the pieces of its shattered economy
More than a decade of civil war left Syria's economy in shambles. The country lost billions of dollars in oil exports. Inflation forced Syrians to carry massive wads of cash to pay for basic necessities, and nearly one-third of the country was estimated to suffer from extreme poverty.
5 mins
Startup staff hit Esop goldmines as IPOs bloom
Swiggy carried out its fifth buyback, worth $65 million, in July, ahead of its November initial public offering.
3 mins
Sebi brakes slow retail race on options street
The Securities and Exchange Board of India's (Sebi) recent measures to cool the retail frenzy in derivatives trading are already bearing fruit, even as more curbs aimed at preventing investor losses kick in next month.
2 mins
Adani to raise over $2 billion in exit from Adani Wilmar
Adani Enterprises Ltd (AEL) is exiting its 26-year joint venture with Singapore's Wilmar group, raising over $2 billion that it will invest in core businesses such as energy and utilities.
2 mins
Stress in unsecured loans may spill over, warns RBI
Individuals defaulting on small loans risk getting larger secured loans tagged NPAs
3 mins
Health, education seek budget boost
Industry leaders urged measures to boost investment, education and healthcare in a pre-budget consultation with finance minister Nirmala Sitharaman on Monday.
2 mins
Centre asks states to ensure land to install wind projects
States, in turn, are looking to consolidate unutilized government land for wind power projects
2 mins
Arai likely to divide PM E-drive upgrade funds among 4 agencies
The Automotive Research Association of India (Arai) is likely to spearhead the distribution of ₹780 crore earmarked for upgrading the nation's automotive testing infrastructure as part of the government's ₹10,900-crore electric vehicle (EV) subsidy scheme, two persons aware of the matter said.
1 min
Reliance seeks premium for oil from KG block
Reliance Industries Ltd is seeking a premium of at least $3.5 per barrel over an international benchmark for crude oil it produces for eastern offshore KG-D6 block, according to the tender the firm put out on Monday.
1 min
Biden Announces $2.5 Billion Military Aid for Ukraine
U.S. President Joe Biden on Monday unveiled a $2.5 billion military aid package for Ukraine, as Washington races to provide assistance before Donald Trump takes office in a matter of weeks.
1 min
Donald Trump's Return Sparks Hope for 2025 Deals Revival
Dealmakers say less regulation, lower interest rates and rising stock markets could fuel activity
3 mins
Capex plans, robust demand may keep KEI charged up
KEI Industries Ltd is preparing to carry out its enhanced capital expenditure (capex) guidance.
1 min
Cement price pain not over yet
Cement prices rose sequentially in Q3FY25, but are lower year-on-year.
2 mins
Ashwin Sheth plans Bengaluru debut, sets sights on IPO
To fund its expansion, Ashwin Sheth Group plans to launch an IPO in the next 12-18 months
2 mins
Wall Street Expects Gold to Glitter Again in Year Ahead After Solid 2024
Few investments did better in 2024 than gold, which is wrapping up its best year since 2010 and one of its largest annual gains on record.
2 mins
Tumble in F&O volumes raises questions on where the money might have headed
In the past three months, the Nifty 50 has fallen 8.5% while the Nifty Smallcap 250 has dropped just 5%
2 mins
Samhi gives old offices a luxury makeover
The hospitality firm is taking old offices on lease, turning them into hotels
2 mins
Indian Firms Raise Record Debt in 2024
Indian firms raised ₹10.67 trillion through the sale of bonds till 27 December, a 9% jump over 2023
1 min
Crafting Bharat: Deep-tech edition-with Fermbox Bio, at the forefront of precision fermentation
India's bioeconomy has witnessed phenomenal growth, surging from US$10 billion in 2014 to over US$130 billion in 2024.
3 mins
SpiceJet's grounded planes to fly again
Budget carrier SpiceJet Ltd. aims to operationalize 30 Boeing 737 MAX aircraft, grounded for reasons ranging from payment default to lessors and component shortages, in the next 12-15 months as it seeks to expand its services.
2 mins
Onitsuka Tiger eyes India manufacturing for faster growth
Japanese premium footwear brand Onitsuka Tiger, part of Asics Corporation, could consider manufacturing locally in India to accelerate growth, a senior official of the company told Mint.
2 mins
Less than 10% of IT budget in new tech
Banks in India allocated less than 10% of their information technology budgets to emerging technologies this year, the Reserve Bank of India (RBI) has found.
2 mins
Rising confidence to fuel Indian economy
RBI's FSR pegs real GDP growth for the current fiscal year at 6.6%
2 mins
Advertisement DR MANMOHAN SINGH REFORMS WITH A HUMAN FACE
The Prime Minister walked towards me, his grace and purpose.
4 mins
Syria looks to pick up the pieces of its shattered economy
The country of more than 20 million people are understaffed and short on experience, having governed only a single province before finding themselves in charge.
4 mins
Jimmy Carter, Nobel Peace Laureate and Longest-Living US President, Dies at 100
In four-plus decades as an ex-president, Carter waged a worldwide campaign against war, disease and the suppression of human rights
10 mins
Senores Pharma has a strong debut
Securities and Exchange Board of India (Sebi) has cleared proposals of six companies, including Leela Palace parent firm Schloss Bangalore, Ather Energy and Oswal Pumps, to launch their public issues.
1 min
Ikea's FY24 loss widens to ₹1,299 cr
Ikea India, a leading furniture and home furnishing retailer, reported widening of losses to ₹1,299.4 crore in FY24, according to an RoC filing by the company.
1 min
Senores Pharma has a strong debut
The shares of Senores Pharmaceuticals Ltd on Monday listed with a premium of over 53% against the issue price of ₹391.
1 min
Two aeroplane crashes lead to deadliest year in skies since 2018
Passenger fatalities jump to 318 this year
2 mins
Rajat Verma to take over as DBS Bank India CEO
Singapore-based DBS Bank has appointed Rajat Verma as the officer of the chief executive officer of DBS Bank India with effect from 1 March, the bank said in a release.
1 min
Rupee slips to record closing low
The rupee slipped to its weakest closing level on record on Monday, pressured by a decline in the offshore Chinese yuan and broad-based dollar bids amid a prevailing bearish bias on the local currency.
1 min
New Verification Facility for NEFT
The Reserve Bank of India (RBI) has asked the National Payments Corporation of India to develop a facility to allow customers using online fund transfer systems, RTGS and NEFT, to verify the name of the bank account to which money is being transferred before initiating the transaction for avoiding mistakes and preventing frauds.
1 min
15 Awesome Stories You Shouldn't Miss
In 2024, we published over 200 Long Stories. Here's our recommended year-end list
7 mins
2024: The Year of Riddles for Both Markets and Life
Forecasting Nifty returns and box-office results is futile, enjoy the show as it unfolds
3 mins
Should You Be Hiring A Consultant To Manage Credit Card Rewards?
From points to travel perks, why credit card consultancies are becoming a must, especially for high-spenders
5 mins
Should NRIs deduct TDS on property sale?
Under India's income tax laws, any individual buying an immovable property (excluding agricultural land) from a resident seller must deduct TDS at 1% of the total consideration if the purchase price or stamp duty value is ₹50 lakh or more. The TDS is calculated on the higher of two values, not just the amount exceeding ₹50 lakh. This applies equally to both resident and non-resident buyers.
1 min
The recent deposit shortfall is a wake-up call for banks in India
They should treat depositors as business partners if they are to garner enough deposits for lending
3 mins
Will 2024 events set off a headwind or tailwind?
Old theories of social and economic cycles were back in discussion as politics and economics impacted each other over the past year. Expect the implications to begin unfolding in 2025
2 mins
AI cannot replace human instinct in decision-making
It can act on data but lacks the situational awareness that guides humans to make good decisions
3 mins
Apt spending must win our state-level fiscal tug-of-war
States must spend more on capital projects that can secure future growth than on freebies and subsidies
3 mins
Services offer a clear and speedy path to economic development
We must reject the false choice between supporting services and promoting manufacturing. Policymakers need to do both
3 mins
America Inc in 2025: Here are five significant forces to track
Change will range from rollbacks of diversity to CEOs' Trump ties
3 mins
Wellness Synced with Tech and Mind-Body Therapy
From somatic therapy to the rise of wellness realty, 2024 saw the world seeking deeper, sustainable solutions for optimal well-being
6 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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