Mint Mumbai - December 03, 2024
Mint Mumbai - December 03, 2024
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December 03, 2024
Shipping may get ₹25,000-crore lift
The domestic shipbuilding industry may receive a boost in the forthcoming Union budget, with the central government chalking out a plan for financial support.
3 mins
MapMyIndia under lens for biz transfer
Digital maps pioneer MapMyIndia has come under the scrutiny of investors and proxy advisory firms after the company agreed to invest ₹35 crore and transfer a tiny share of its business to a company owned by the son of its founder and promoter.
2 mins
Centre identifies 2 mn hectares for mega pulses boost
The Centre is working on an ambitious plan to grow pulses on two million hectares of unused, fertile land across the country, two people aware of the matter said, as falling production and rising imports drive up prices.
2 mins
Building Apple products has become a side hustle for China's biggest EV maker
Apple products say on the box \"assembled in China,\" leaving the mystery of who did the assembling. Owners of a new iPad might be surprised to learn one of the answers: China's biggest electric-vehicle maker.
3 mins
Public procurements may come with startup quotas
Secretaries' committee pitches idea; scheme may also include support for research
1 min
Govt scraps windfall tax on local crude sales, ATF export
Windfall tax has been dropped as the outlook for the global oil market is now largely weak
2 mins
Will Trai's anti-spam steps delay OTPs?
India's telecom regulator has tightened regulations to counter spam and unsolicited messages. One measure is mandating the traceability of commercial messages from senders.
2 mins
EV makers' offices searched for 'localization norms breach'
The Serious Fraud Investigation Office conducted search operations on the offices of EV makers Hero Electric Vehicles Pvt. Ltd, Benling India Energy and Technology Pvt. Ltd, and Okinawa Autotech International Pvt. Ltd, saying they had fraudulently availed subsidies under the FAME 2 scheme by flouting localization norms.
1 min
Climate change was not caused by us, Goyal tells summit
All countries must contribute to sustainable development with assigned responsibilities based on their contribution to the problem in the first place, Union commerce minister Piyush Goyal said on Monday, underscoring the \"polluter pays\" principle at a time when the 27-nation European Union is forcing a carbon tax on imports, which is expected to hit developing countries particularly hard.
1 min
States given capex loans of ₹50,571 cr in Apr-Nov: MoS fin
The Union government has released ₹50,571.42 crore to states as part of its \"special assistance for capital investment\" scheme to be used for ramping up capital expenditure during the first eight months of the ongoing fiscal (FY25), according to the latest data from the finance ministry.
1 min
EverSource Cap's $1-bn fund bags US DFC commitment
DFC is expected to channel equity funding into EverSource Capital for the new fund
1 min
Prosus finds growth goldmine in India
The firm reported a 26% rise in revenues for the six months ending Sep
2 mins
KEC set to ride tailwinds of order wins, financial leverage
KEC International Ltd appears well-positioned to meet its FY25 order inflow guidance of around ₹25,000 crore.
1 min
Is MPC doing enough to tame inflation? Consumers split
Nearly half the respondents said the biggest impact of rising interest rates has been on home loans
2 mins
Rupee falls 12 paise to all-time low of 84.72 to a dollar
Trump has threatened a 100% tariff on the BRIC bloc of nations if they act to undermine the dollar
2 mins
Bansal's Navi gets relief from RBI on loan curbs
The Reserve Bank of India (RBI) has lifted the ban on loan disbursal by Sachin Bansal-led Navi Finserv Ltd, citing remedial measures taken by the non-bank lender.
1 min
Demand slump hurts factories
Price pinch
2 mins
Nayara plans retail fuel outlet growth
Rosneft-backed Nayara Energy Ltd is planning to increase the number of its retail fuel outlets with a focus on rural areas and new highways, even as it explores ways to expand its compressed natural gas (CNG) business, its chief marketing officer Madhur Taneja said.
1 min
Riju Raveendran moves NCLT
Raveendran seeks to defend his stand on the source of the ₹158 crore raised to settle Byju's dispute with BCCI
2 mins
OTTs shelve shows over content quality to avoid bigger losses
Streaming sites are increasingly at loggerheads with filmmakers over a show's or film's acceptance with target audiences
2 mins
HUL bets growing wealth will broaden spending avenues
The company sells over 50 brands in India across categories like detergents, foods and others
3 mins
Chairman Hamied's nieces exit Cipla
Samina Hamied and Rumana Hamied, part of the promoter group at drug major Cipla, on Monday exited the pharmaceutical company by selling their 1.72% stake for ₹2,111 crore through open market transactions.
1 min
Samsung's plea to stay ₹1,213-cr tax demand restored
In some relief for Samsung India, the Delhi high court on Monday overturned an order by the Income Tax Appellate Tribunal (ITAT) that had dismissed the company's plea to stay a ₹1,213 crore tax demand for the assessment year 2021-22.
1 min
What led Info Edge to file an FIR against Rahul Yadav
Apart from the 4B Networks founder, the FIR also names several key executives of the firm
3 mins
China tensions prompt U.S. Navy race to reload missiles at sea
Rearming destroyers can take them out of combat for two months. The U.S. wants to fix that
4 mins
Amazon Web Services CEO Matt Garman promises 'needle-moving' AI updates
In late November, AWS invested additional $4 bn in Anthropic—doubling its investment in the AI startup to $8 bn
3 mins
US prez pardons his son Hunter Biden
President Joe Biden said on Sunday he had pardoned his son, Hunter Biden, a reversal after pledging to stay out of legal proceedings against the younger Biden who pleaded guilty to tax violations and was convicted on firearms-related charges.
1 min
Texas offers Trump a blueprint for illegal-immigration crackdown
President-elect Donald Trump prepares for border restrictions and deportations that formed the bedrock of his election victory; the state that has pioneered extreme immigration crackdowns is reaching out to lend a hand.
5 mins
GDP base year to change to FY23
The government is set to update the base year for calculating gross domestic product (GDP) to fiscal 2023 from fiscal 2012, minister for statistics Rao Inderjit Singh told Parliament on Monday.
1 min
Intel board forces CEO Gelsinger out
Intel Corp. chief executive Pat Gelsinger was forced out after the board lost confidence in his plans to turn around the iconic chipmaker, adding to turmoil at one of the pioneers of the technology industry.
1 min
'Insurance cost cut rests on GST rate'
Finance minister Nirmala Sitharaman on Monday said the cost of insurance to the policy holder is expected to come down if the GST Council recommends a reduction in GST rate on health and life insurance policies.
1 min
Winter Likely To Be Mild With Fewer Cold Wave Days, Says IMD
Above-normal temperatures forecast over most of India from December to February
1 min
GST on sin goods may rise to 35%
The Group of Ministers (GoM) on GST rate rationalization on Monday decided to hike tax on sin goods like aerated beverages, cigarettes, tobacco and related products to 35% from the present 28%, an official said.
1 min
Pricol to buy arm of Sundaram Auto
Automotive components maker Pricol on Monday said it will acquire Sundaram Auto Components' injection moulding business for ₹215 crore.
1 min
VW sees 66,000 workers walk out
Roughly 66,000 Volkswagen AG workers across Germany abandoned their posts on Monday, the first wave of temporary walkouts triggered by a stalemate over how to slash costs at the carmaker's namesake brand.
1 min
More oversight for fuel stations: Report
To enhance regulatory oversight of retail fuel outlets, the government has implemented a comprehensive monitoring system leveraging cutting-edge technologies, according to a Parliamentary report tabled on Monday.
1 min
₹1,000 cr space venture fund disbursals in Q1 FY26: IN-SPACE
Indian National Space Promotion and Authorization Centre (IN-SPACe) is hoping to make the first disbursal from ₹1,000 crore venture capital fund aiming to boost the space technology during the first quarter of the next financial year, IN-SPACe chairperson Pawan Goenka said on Monday.
1 min
₹722 cr GST evasion case against Binance
ST authorities have booked a ₹722.43 crore tax evasion case against crypto exchange and Binance Group Co., Nest Services Ltd., Parliament was informed on Monday.
1 min
Nazara Tech board okays 5 investments
Gaming and sports media firm Nazara Technologies' board has approved five investments worth ₹196 crore, including 100% acquisition of stake in Sportskeeda owner firm Absolute Sports, the company said in a regulatory filing on Monday.
1 min
CMS INFO SYSTEMS LOOKS FOR A QUEEN
Cash is still king for the ATM solutions provider, which is trying to diversify its revenue mix
8 mins
5 REASONS TO ADD FIXED INCOME MF IN YOUR PORTFOLIO
Despite some risks, fixed income MFs can play a pivotal role in reaching financial goals
3 mins
Hedge fund all-or-nothing trades gain traction in options market
With events from elections to central-bank rate moves to wars threatening upheaval in markets, investors are increasingly seeking pre-determined payoff if they bet right.
1 min
How are NRIs taxed on professional fees?
I am an Indian citizen and a lawyer by profession. I used to work as an in-house counsel in a promoter-run Indian company. I shifted my residence to the US with my family in 2023.
1 min
Can you withdraw pension share of your EPF early? Know the rules
A low-down on how your provident fund contributes to Employee Pension Scheme, and what it means for you
1 min
Our new political-economy consensus needs a rethink
The policies our parties agree upon are not reformist. The challenge is to chalk out an agenda that is
3 mins
Honey, who shrank the chatbot? Even AI needs to count calories
Shrinkflation is old but what it's doing to artificial intelligence is new—if not all that surprising
3 mins
Don't blame education gaps on policy settings
A divergence in public schooling might well have led India's economy to lag China's. But this should arguably be attributed more to complex social constraints than to any policy design
2 mins
Long live the revolution of life-altering AI technology
Synthetic biology could lead to several breakthroughs, including drugs that work much better on us
3 mins
COP-29 cop-out: Clean power needs to gain further appeal
The world must help poor countries decarbonize their economies
3 mins
Mauritius is a strategic gateway for our collaboration with Africa
In Mauritius, India has a reliable and uniquely located partner that offers Indian businesses easy access to African markets
3 mins
To master the deadlift, go the trap bar way
The trap bar may look clunky but it's a safe bet to practice a deadlift
2 mins
A little attention can build deep connections
To build a life filled with authentic relationships, be proactive, seek out like-minded people, and lend time and care to nurture your tribe
4 mins
Mint Mumbai Newspaper Description:
Verlag: HT Digital Streams Ltd.
Kategorie: Newspaper
Sprache: English
Häufigkeit: 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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