Mint Mumbai - October 31, 2024
Mint Mumbai - October 31, 2024
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October 31, 2024
AkzoNobel puts up India unit for sale
Europe's largest paint-maker and owner of the Dulux brand, AkzoNobel NV, plans to exit its India business after seven decades of operations in the country, amid rising competition in the domestic market.
3 mins
Samvat 2081 dawns with hopes, doubts on Street
Mint poll finds market experts split on Sensex reaching 100,000 mark by March
4 mins
Can't win q-comm via cash: Swiggy's Majety
Customer experience, and not capital, will ultimately drive the fortunes of quick commerce platforms, Swiggy's co-founder and CEO Sriharsha Majety said in an interview, as the company counts down the days to its ₹11,300-crore initial public offering (IPO) on 6 November.
2 mins
Post-covid, online dispute resolution gets a booster shot
When Presolv360 began operations in 2017, most companies and individuals still preferred to gather in dim court halls to resolve their disputes. Until 2021, this Mumbai-based online dispute resolution platform handled a mere 140 cases.
1 min
Fiscal deficit down to ₹4.75 tn, core sector output recovers
The April-Sept 2024 fiscal deficit is lower than the ₹7.02 tn reported in the year-ago period
2 mins
Onion prices stay high: wagons may be made the norm
The government plans to make railways the standard mode of transporting onions amid sticky retail prices, two people aware of the matter said.
1 min
Govt mulls steps to push strategic foreign investments
The government is considering expanded measures to allow greater flexibility for strategic foreign investors to buy stakes in local companies after offshore investment slumped to a five-year low, three people with knowledge of the matter said.
1 min
Health policy in the works... for wildlife
India's wildlife faces numerous threats, from habitat loss and fragmentation to species decline and extinction
2 mins
Bharti Telecom sets sights on its biggest rupee bond sale
Bharti Telecom Ltd, owned by billionaire Sunil Bharti Mittal, is planning to raise about ₹8500 crore ($1.01 billion) in the local-currency bond market, according to people familiar with the matter.
1 min
Siti lenders to hold ₹143 cr separately
The National Company Law Appellate Tribunal (NCLAT) has ordered Axis Bank Ltd and other creditors of bankrupt Siti Networks, a subsidiary of Essel Group, to keep ₹143 crore in a separate interest-bearing account.
1 min
Sebi's penalty on research analyst sparks compliance fears
The market regulator's penalty on research analyst Arun N. has left his peers worried as they fear that the requirement of adequate know-your-customer checks would be a compliance challenge.
1 min
Maruti banks on SUVs, CNG models to beat demand blues
Sport utility vehicles (SUVs) and compressed natural gas (CNG) variants of existing models are driving auto demand in India, including Maruti Suzuki India Ltd.
1 min
Sebi seeks shorter NFO window
Sebi proposed reducing the window for the deployment of new fund offer proceeds to 30 days
1 min
MFs' sugar stock purchases rise over twofold to $86 mn
Higher blending, coupled with the potential moves to increase MSP for sugar and ethanol, fuelled investor interest
2 mins
Airtel widens Arpu lead over Jio
Bharti Airtel Ltd has done well on one count in the September quarter (Q2FY25), but fell short on another.
2 mins
Country Delight raises ₹200 crore
Direct-to-consumer food essentials startup Country Delight has raised ₹200 crore (about $25 million) in venture debt from Alteria Capital to fund its expansion, capacity building, and brand marketing efforts, the companies said in a statement.
1 min
Big user base lifts Meesho's FY24 revenue; losses shrink
Firm attributed gains to improved efficiencies, leveraging generative AI & machine learning
2 mins
Dabur adds to hair care folio with Sesa buy
Dabur India Ltd will acquire a 51% stake in hair care company Sesa Care Pvt. Ltd for an enterprise value of ₹315-325 crore.
1 min
Top hotels greet uber-rich with villas serving privacy
Radical shifts in hotel industry niches as luxury travel spending heads for $11 bn this year
3 mins
India's tech tango: Ambition, opportunities and challenges
India's growing prominence on the global tech stage is attracting industry heavyweights, though not without challenges.
2 mins
L&T Q2 revenue grows 21%, new orders dip on high base
The infrastructure major eyes domestic recovery in H2, even as its overseas projects thrive
2 mins
TCI orders cargo ships from China
TCI plans to use the ships to carry cargo along ports spanning the east and west coasts of India
2 mins
Filmmakers look to de-risk projects, sign OTT deals as box office bombs
According to media reports, actor Aamir Khan has decided to sell his films to OTTs only after theatrical release
2 mins
Space World group to raise funds for new fibre ventures
Space World group is evaluating various routes to raise funds to channel into new ventures Constl and Ranext that will offer fibre connectivity between data centres and in-building plug-and-play fibre network for internet services providers.
1 min
Legal influencers' rise sparks fears of misleading advice
Influencers contend their goal is to increase awareness about legal rights in simpler terms
2 mins
Toyota to get Suzuki's first-ever EV as partnership expands
Japanese automaker Suzuki Motor's Indian unit will supply its first-ever electric vehicle to Toyota Motor, the two companies said in a statement on Wednesday, in a move that marks their first collaboration on green vehicles.
1 min
Mixed festive season as buyers seek discounts, cut spending
Shoppers also spent less money per transaction compared to the previous festive season
2 mins
Elon Musk's xAI in talks to raise funding valuing it at $40 billion
New fundraising effort would substantially increase startup's valuation from spring
3 mins
Starbucks tells workers to return to the office or risk getting fired
Starbucks is stepping up efforts to enforce its return-to-office mandate with a warning: Comply with the policy or risk termination.
2 mins
With dreams of a lunar outpost, China takes new risks in space race with U.S.
As a graduate student in Switzerland in the 1980s, Chinese aerospace scientist Ye Peijian paid a visit to the World Intellectual Property Organization, where a moon rock from the Apollo program was on display as a symbol of U.S. power in space.
4 mins
How the Houthis went from ragtag rebels of Yemen to global threat
The Gaza war has allowed the Iran-backed Yemeni militants to broaden alliances with Iraqi militias, African jihadists and Russia
4 mins
Israel eyes deal to end Hezbollah conflict in Lebanon
Israel is considering a deal to end the conflict with Hezbollah in Lebanon that would see the militant group's fighters move away from the Israeli border, after assessing its rocket arsenal has been mostly expended or destroyed.
1 min
P&G Hygiene profit rises, revenue falls
Procter & Gamble Hygiene and Health Care Ltd on Wednesday reported a marginal 0.57% rise in profit after tax at ₹211.90 crore for the first quarter ended September 2024.
1 min
Gautam Adani vies for projects in Bhutan's 'Mindfulness City'
Billionaire Gautam Adani is among those in discussions for infrastructure projects in Bhutan's new 'Gelephu Mindfulness City,' as the tiny Himalayan kingdom seeks investment to build a mega township along its southern border with India.
1 min
Aditya Birla Capital Q2 profit rises 42%
Aditya Birla Capital on Wednesday reported a 42% increase in consolidated net profit to ₹1,001 crore in the second quarter ended September 2024.
1 min
Tuberculosis cases hit record high
A record 8.2 million new tuberculosis cases were diagnosed worldwide last year, the World Health Organization (WHO) said—the highest number since it began global TB monitoring in 1995.
1 min
Apple launches M4 line of custom chips
Apple on Wednesday announced its new generation of M4 custom processor line-up.
1 min
India, China disengagement in Depsang, Demchok complete
Both sides conducting joint verification of the troop and equipment pullback
1 min
Over 6 lakh EVs sold under PM E-Drive
More than 600,000 electric two- and three-wheeler vehicles under the Centre's flagship EV subsidy scheme PM E-Drive have been sold so far in the current financial year, data from the ministry of heavy industries released on Wednesday showed, as India targets 30% of new vehicle sales to be electric by 2030.
1 min
China urges halt on investments in EU
China has told its automakers to halt big investment in European countries that support extra tariffs on Chinese-built electric vehicles, two people briefed about the matter said, a move likely to further divide Europe.
1 min
Air India to cancel 60 India, US flights
Non-availability of aircraft due to maintenance issues has forced Tata Group-owned Air India to cancel some 60 flights on the India-US routes between November and December this year, according to people in the know of the matter.
1 min
Tata Power misses Q2 profit estimates
Tata Power missed second-quarter profit expectations on Wednesday as lower temperatures during the monsoon season eased demand for electricity.
1 min
Police summon Aviva India CEO
Indian police have summoned Asit Rath, the chief executive officer (CEO) of British insurer Aviva in the country, as part of an inquiry into a former employee's accusations of religious discrimination at work, documents seen by Reuters showed.
1 min
HOW SALMA HAYEK IS REDEFIMNG PHILANTHROPY
In the worlds of Hollywood, fashion and activism, there's never been anyone quite like Salma.
9 mins
How a businessman in his 50s went gung-ho on MFs
From telecom retail to mutual fund: SIPs have bridged Singh's post-covid business slowdown
4 mins
Principal disabled? Know your PoA rights
My father has been in coma following an accident. He had granted me a power of attorney (PoA) to manage his money, but the PoA has no specified duration. Is it legally valid for me to withdraw funds or conduct other transactions on his behalf for his medical treatment? -Name withheld on request
1 min
WORLD SAVINGS DAY: A REALITY CHECK ON INDIA'S DWINDLING HOUSEHOLD SAVINGS CRISIS
High inflation and easy credit lead to financial instability due to overspending and rising debt
3 mins
Is gold worth its weight amid our demat assets?
It has been a buzzy buy in recent times, with its price soaring over the past year. Investors, however, are likely to be better served by going for intangible forms of this precious metal
2 mins
Some states have started to slip off their fiscal correction paths
Populist outlays and capital expenditure have widened their budget deficits. They must tighten up
3 mins
The country needs to map its informal economy better
We need more accurate data on enterprises that play a major role in employing people
3 mins
India's economic performance is pretty robust on most counts
The economy's back on its high-growth path and fiscal consolidation is on track but our labour market remains a concern
3 mins
We need to invest in nature for the sake of humanity's future
Money must flow into what saves rather than harms biodiversity
3 mins
Mint Mumbai Newspaper Description:
الناشر: HT Digital Streams Ltd.
فئة: Newspaper
لغة: English
تكرار: 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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