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Mint Hyderabad

Telecom sector gets ₹331.8 cr PLI boost

The government has disbursed a total incentive of ₹331.86 crore to 18 of 42 beneficiaries under the telecom PLI scheme as on 31 October. Parliament was informed on Wednesday.

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1 min  |
December 19, 2024
Mint Hyderabad

Infosys inaugurates centre near Kolkata

Infosys Ltd's new software development campus opened at New Town in Kolkata on Wednesday.

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1 min  |
December 19, 2024
Mint Hyderabad

Real estate attracts record investments

Institutional investment in Indian real estate rose 51% to a record $8.87 billion during 2024 as investors look to encash strong demand for housing, office and warehousing properties, according to JLL.

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1 min  |
December 19, 2024
Mint Hyderabad

BofA's CEO says he's just getting started

As he turned 65, Bank of America Corp.'s Brian Moynihan took the stage at a town hall meeting and sent a jolt through the crowd, saying he wants to still be CEO when the stock eclipses $100.

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1 min  |
December 19, 2024
Mint Hyderabad

Reliance Nippon, IndusInd start talks

Reliance Nippon Life Insurance, a subsidiary of debt-ridden Reliance Capital (RCAP), has initiated talks with IndusInd Bank for bancassurance partnership as the IIHL and RCAP deal has reached the final lap.

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1 min  |
December 19, 2024
Mint Hyderabad

ITC consolidates its Oberoi, Leela stakes

TC Ltd, which is demerging its hotels business from January 2025, on Wednesday said it has acquired shareholding of rival hospitality chains Oberoi and Leela from its wholly owned arm, Russell Credit Ltd.

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1 min  |
December 19, 2024
Mint Hyderabad

Vishal Mega Mart up 43.50% on day 1

Shares of Vishal Mega Mart Ltd surged 43.50% in debut trade on Wednesday against the issue price of ₹78.

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1 min  |
December 19, 2024
Mint Hyderabad

Direct taxes grow faster than budget estimate so far in FY25

Kitty swells 16.45% against full-year budget target of 13% to ₹15.8 tn so far this fiscal

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1 min  |
December 19, 2024
Mint Hyderabad

Indian firms face fraud surge: PwC

Many Indian organizations faced financial or economic fraud in the past 24 months where procurement fraud emerged as the top threat, a PwC survey said.

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1 min  |
December 19, 2024
Mint Hyderabad

Bangladesh's new dawn is darkened by settling of old scores

When Bangladesh Prime Minister Sheikh Hasina was toppled in August in a student-led uprising, it was supposed to be a new dawn for the young country. Instead, the raw wounds left by her repressive rule have prompted many to pursue revenge by weaponizing the law—just as she did.

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6 mins  |
December 19, 2024
Mint Hyderabad

Biden admin relaxes H-1B visa rules to hire foreign workers

The rule also extends certain flexibilities for students on F-1 visas seeking to change their status to H-1B

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3 mins  |
December 19, 2024
Mint Hyderabad

Production resumes at strike-hit Boeing units

Boeing Co. said it has resumed production across its range of aircraft programmes at factories in the Pacific Northwest after they were shut down for weeks because of a lengthy workers strike.

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1 min  |
December 19, 2024
Mint Hyderabad

Acquisitions, new builds to fuel Chalet Hotels' expansion

The company is looking to capitalize on the hospitality sector's robust growth phase

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3 mins  |
December 19, 2024
Mint Hyderabad

Nvidia introduces device aimed at small companies, hobbyists for AI use

Nvidia said Tuesday that it was introducing a $249 version of its Jetson computer for artificial intelligence applications, half the price of its predecessor, to attract more hobbyists and small companies.

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1 min  |
December 19, 2024
Mint Hyderabad

Calculation error likely in India gold import data

A surge in gold imports that widened India's trade deficit to a record last month and pushed the rupee to an all-time low was due to an error in calculation, according to people with knowledge of the matter.

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1 min  |
December 19, 2024
Mint Hyderabad

TVS Credit eyes Avendus Capital to widen financial services play

Avendus developed significant expertise in India's startup ecosystem, advising many of today's unicorns during their early to late-stage fundraising efforts. As a result, it holds a substantial market share in India's technology and startup sectors. In 2022, it expanded its services by entering the equity capital markets business to offer advisory services for initial public offerings.

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1 min  |
December 19, 2024
Mint Hyderabad

Nissan, Honda India ops to gain from potential merger

Merger could align the cos' moves to collaborate in electrification and software development

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2 mins  |
December 19, 2024
Mint Hyderabad

CCI holds off: Quick commerce gets relief

Predatory pricing claims by trade body shadow instant commerce growth

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2 mins  |
December 19, 2024
Mint Hyderabad

ABB buys Siemens Gamesa's power unit

Siemens Gamesa said on Wednesday that it is selling its power electronics arm to ABB, including its Indian assets for an undisclosed sum.

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1 min  |
December 19, 2024
Mint Hyderabad

Dalmia Bharat on tough terrain as sectoral woes hurt

As the cement sector struggles with muted prices, some firms may feel more heat than others.

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1 min  |
December 19, 2024
Mint Hyderabad

Shriram Fin raises $1.28 bn in record offshore loan

The loan adds to this year's rush of offshore debt sales by Indian shadow lenders after RBI tightened rules

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1 min  |
December 19, 2024
Mint Hyderabad

Thursday set for big move as option traders pile up huge bets

Market sentiment turned extremely bearish, coinciding with US Fed policy and ahead of the weekly Nifty expiry on Thursday, as traders sold a record value of market-wide calls relative to put options.

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1 min  |
December 19, 2024
Mint Hyderabad

IDFC needs many stars to align

Cost pinch IDFC First Bank's elevated cost-to-income ratio and credit costs put pressure on its profit

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2 mins  |
December 19, 2024
Mint Hyderabad

RBI dials down on NDFs to fight dollar

The central bank has started to rein in its ballooning non-deliverable forwards (NDFs) book, according to people familiar with the matter, shifting away from one of its key tools to push back against the strong dollar.

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1 min  |
December 19, 2024
Mint Hyderabad

One Mobikwik up 90% on debut

The stock began the trade at ₹442.25, reflecting a jump of 58.51% from the issue price on the BSE

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1 min  |
December 19, 2024
Mint Hyderabad

Rupee hits new low of 84.96 on merchant dollar bids

The Indian rupee hit its all-time low on Wednesday, pressured by strong dollar demand from importers and likely outflows from local equities, while intervention by the Reserve Bank of India curbed losses, traders said.

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1 min  |
December 19, 2024
Mint Hyderabad

Welspun One plans to raise ₹4,000 cr

Logistics and industrial real estate manager and developer Welspun One on Wednesday said it plans to raise ₹4,000 crore to double its portfolio size to 32 million sq. ft by 2028 from the current 16 million sq. ft.

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1 min  |
December 19, 2024
Mint Hyderabad

Sorenson, others put in $30 mn into Bureau

Bureau, a business-to-business (B2B) focused identity verification and fraud protection platform, has raised $30 million in Series B funding led by American venture capital firm Sorenson Capital, a top executive told VCCircle on Tuesday.

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1 min  |
December 19, 2024
Mint Hyderabad

GIC picks majority stake in Asia Healthcare

GIC will invest an additional $150 million in Asia Healthcare Holdings ahead of a potential initial public offering

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2 mins  |
December 19, 2024
Mint Hyderabad

GSV Ventures looks to invest in Indian edtech firms in 2025

The company had invested about $90 million in over 10 Indian startups till February 2023

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2 mins  |
December 19, 2024