Mint Mumbai - November 27, 2024
Mint Mumbai - November 27, 2024
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November 27, 2024
Direct China flights blocked by India's tight security check
For Indians looking to travel to the Middle Kingdom, a direct flight is still some distance.
3 mins
GDP growth likely slowed to six-quarter low in Q2
India's economic growth likely slowed to 6.5% in the September quarter, which would be its slowest pace in six quarters, according to the median estimate of 26 economists in a Mint poll.
1 min
FII selling crosses ₹2 trillion in FY25
If November trends hold, this may be worst year for outflows
2 mins
India signs final act of Riyadh Design Law Treaty; to strengthen IPs
India has signed the final Act of the Riyadh Design Law Treaty (DLT), reaffirming its commitment to fostering inclusive growth and strengthening its intellectual property (IP) ecosystem, the commerce ministry said on Tuesday.
1 min
Airspace, IMD data fuse into Gati Shakti
The proposed integration will also help improve planning of infrastructure creation around airports
2 mins
PM to meet state chief secys to discuss growth strategy
The meeting to be held in December will finalize the Centre's near-term policy agenda
2 mins
Disaster mitigation efforts get ₹1,116 crore
A high-level committee under the chairmanship of Union home and cooperation minister Amit Shah on Tuesday approved ₹1,115.67 crore for disaster mitigation and capacity-building projects for various states.
1 min
US poll impetus to India-EU FTA talks
Sustainability regulations such as carbon tax have been key stumbling blocks despite nine rounds of talks
1 min
Right now is not time to slow down: Zepto CEO Palicha
The company plans to enter new categories like e-pharmacy and ramp up early offerings.
2 mins
Probe into Byju's fin, accounting practices
India has started an investigation into financing and accounting practices at Byju's, as per people in the know of the matter, after a previous inspection found corporate governance lapses at the struggling online tutoring firm.
1 min
PPFAS holds cash in 'overvalued' mkt
Indian equities are overvalued as earnings grow slower than expected and a relentless supply of shares from large initial public offerings and stake sales by promoters soak up liquidity, according to Rajeev Thakkar, chief investment officer at PPFAS Mutual Fund.
1 min
Microfinance self-regulator expects stress to stabilize by Jan
The Microfinance Institutions Network (MFIN), the self-regulatory organization for the sector, expects the current bad loan stress that microlenders face to stabilize by January next year with new rules in place.
1 min
Delhivery gradually finds its feet amid rising competition
Delhivery Ltd's shares are hovering near 52-week lows of ₹325.50 apiece seen on 18 November. Investor sentiment is subdued given the uninspiring September quarter (Q2FY25) results amid rapid growth in quick commerce and stiff competition in e-commerce.
1 min
Government to revamp IFCI
The revamp follows a tripling of infrastructure spending in five years to ₹11.11 trillion for 2024-25
1 min
StanChart front-runner to be GIFT dollar settlement bank
Standard Chartered Plc has emerged as the front-runner to become the settlement bank for real-time dollar-denominated trades in India's newest financial hub, according to people familiar with the matter.
1 min
IPOs to get bigger even after size has doubled in 2024
Initial public offerings in India are getting bigger, with their average size increasing to almost ₹2,000 crore so far in 2024, more than doubling from the average in 2023, said S. Ramesh, managing director and CEO of Kotak Investment Banking.
1 min
Cement cos need price hikes
DEMAND WOES IN Oct and Nov, cement demand wasn't as robust due to labour shortage in the festive season DEMAND-supply mismatch could cap the sector's utilization below 70%
2 mins
Bank guarantee waiver set to ease Vi's debt burden
Vi has put in place a ₹55,000 crore capex plan to upgrade its 4G network and launch 5G over next three years
2 mins
US DFC's $500 mn loan to Adani group for Lanka port is pending
Colombo West International Terminal aims to counter Chinese influence in Sri Lanka, boost the local economy
1 min
Outlook on Adani firms cut
Moody's cuts outlook on seven Adani companies; Fitch flags Adani bonds for possible downgrades
2 mins
HC stays Seci order barring Reliance Power from bids
State-run firm barred Anil Ambani company for allegedly submitting fake bank guarantee
2 mins
LIC, others oppose Goenka as Zee MD
Norges, the world's largest sovereign wealth fund, which owns 3.96% in Zee, okayed Goenka's reappointment
2 mins
Wipro tasks insider to revive fortunes in its No. 2 market
Nisal, who is based out of London, will take over the role immediately, reporting to CEO and MD Pallia
2 mins
Streambox launches subscription-based TV
Dor aims to redefine home entertainment by offering high-quality, 4K QLED TV bundled with streaming apps
1 min
ShareChat operator to rev up algorithm
Homegrown social media unicorn Mohalla Tech, which operates ShareChat and short video platform Moj, will increase investments in improving its algorithms to suggest more accurate and personalized content, as it seeks to bolster user retention, a top company official said on Tuesday.
1 min
ASCI flags violations in Maharashtra realty ads
The advertising watchdog's scrutiny has led to penalties of about ₹90 lakh
2 mins
Elon Musk buying MSNBC? A difficult feat, because it isn't for sale
Can Elon Musk make a run at acquiring MSNBC? It would be a steep climb. One big reason: it isn't for sale.
2 mins
Trump pledges tariffs on Mexico, Canada and China
President-elect's plans come after tough economic rhetoric on the campaign trail
5 mins
Disney settles suit over women's pay for $43 million
Some 9,000 current and former female employees of the entertainment giant eventually joined the suit
1 min
Buffett donates $1 bn. He has estate-planning advice for everyone.
Buffett's huge position in Berkshire means a rapid selling of his stock could jolt the share price
2 mins
More than 270 mn 5G subs by '24-end
India is poised to become a 5G powerhouse in the coming years, with projections indicating that 5G subscriptions will exceed 270 million by the end of 2024, according to the latest Ericsson Mobility Report.
1 min
MTM valuation for repo transactions
Markets regulator Sebi on Tuesday decided to introduce new valuation metrics for repurchase or repo transactions by mutual funds, whereby securities used in such transactions will be valued on a mark-to-market (MTM) basis.
1 min
Walmart to reverse course on diversity, equality initiatives
Walmart Inc. is reversing course on diversity, equity, and inclusion initiatives, joining a growing list of businesses retreating on DEI programmes targeted by conservative activists.
1 min
Angel One's AMC gets nod for MF biz
Fintech player Angel One on Tuesday said its subsidiary Angel One Asset Management Co. has received markets regulator Sebi's approval to begin mutual fund operations.
1 min
First gen entrepreneur, Essar co-founder Shashi Ruia dies
Ruia and his brother turned a small construction business into an infra conglomerate
1 min
Vedanta Resources raises $800 mn
UK-based Vedanta Resources, the parent of India's Vedanta, has raised $800 million from global investors through a new bond issue.
1 min
Siemens net up 45% to ₹775 cr in Jul-Sep
Siemens on Tuesday posted a 45% jump in its net profit to ₹775 crore in the July-September quarter compared to the year-ago period on higher revenues.
1 min
PC mkt sees highest quarterly supply
PC supplies in the Indian market increased marginally in the July-September period to 4.49 million units, which is the highest ever in a quarter, market research firm International Data Corporation (IDC) said in a report on Tuesday.
1 min
Huawei to drop Android in gadgets
Huawei Technologies Co. said that from next year its new smartphones and tablets will run on an operating system stripped of Google's open-source Android technology.
1 min
JSW, SAIL in talks to import coking coal
JSW Steel and state-run Steel Authority of India (SAIL) are in talks with Mongolian authorities to import two shipments of coking coal, two people with direct knowledge of the matter said.
1 min
M&M unveils first new electric SUVs
Mahindra & Mahindra (M&M) on Tuesday announced the launch of its first ground-up electric sport utility vehicles (SUVs), the BE 6e and XEV 9e, priced at ₹18.9 lakh and ₹21.9 lakh (ex-showroom), respectively.
1 min
THE SECOND COMING OF BLUESTONE
After being laid low by the pandemic, the IPO-bound jewellery startup has begun to turn around
7 mins
Leaving your estate to charity: Key considerations for your will
I wish to prepare my will and donate everything to charity instead of leaving it to my children. I am 68 years old and a divorcee, with four children who are all well-off.
2 mins
Smart-beta funds: A guide to balancing your portfolio
Tailor-made strategies will help you navigate the market cycles better and optimize returns
3 mins
QUALITY VS VALUE: WHY QUALITY INVESTING DELIVERS BETTER LONG-TERM RETURNS
Approaching quality as an investment factor provides a source of long-term alpha
2 mins
Financial frauds evolve fast but we can still safeguard ourselves
While technology has transformed how scamsters operate, reliable ways exist to dodge their traps
3 mins
There's a case for heavy taxes on MNC royalties
Royalty payments to MNCs by their local units have been rising-even going above dividend payouts in some cases. India needs shareholder vigilance and fiscal action to curb excesses
2 mins
The rise of Trump poses a paradox of higher education
An elitist college system seems to have deepened divisions in the US and this may hold lessons for India too
3 mins
Take tax action for Viksit Bharat in the Union budget for 2025-26
The government could take major steps towards its worthy goal of a tax regime that's simple, predictable and competitive
4 mins
Our legislative frameworks must adapt to the rise of AI
Probabilistic digital systems complicate guilt assignment but we'll need tight controls against major harms
4 mins
Trump's US mustn't repeat its profiling of Chinese scientists
Espionage suspicions could lead the US to lose its war for talent
3 mins
Why the Earth Is Not a Type 1 Technological Civilization
According to one theory about how we harness energy, Type 1s have total control over planetary energy resources
4 mins
As AI gets real, slow and steady wins the race
Companies head into 2025 with careful deliberation when it comes to using AI
2 mins
Buying Online? Beware Of these deceptive patterns
Deceptive prompts in apps—ways to coerce people into spending more time or money—are on the rise. Here's how to identify them
4 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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