Mint Mumbai - January 02, 2025
Mint Mumbai - January 02, 2025
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January 02, 2025
NFRA inches ahead of ICAI on regulatory turf
The National Financial Reporting Authority (NFRA) has secured an edge over the Institute of Chartered Accountants of India (ICAI) in regulating the audit and accounting profession, with the Solicitor General of India backing the former's powers in some respects.
3 mins
Slow sales cloud $500-bn goal for local electronics
India's cooling consumer electronics market has put a question mark on its lofty aim to achieve annual revenue of $500 billion from electronics manufacturing.
4 mins
Rupee fall exacts a quiet toll on FPIs' India investments
The steady slide of the rupee against the dollar has significantly hit the dollar returns of foreign portfolio investors (FPIs) in India, despite the local currency being among global currencies least affected by a stronger greenback.
2 mins
India Inc.'s QIP parade to stretch out into new year
Taste for stocks, easing liquidity to help companies shore up more from market
4 mins
Remote work is tanking home prices in the heart of London
When he was running his own hedge fund, Peter Brewer's working life was grueling. He was usually at his desk by 6 a.m., and worked up to 100 hours a week. Commuting long hours, from his home some 30 miles south of central London to the British capital's historic financial district, felt like an unnecessary extra burden. So in 2014, Brewer, who was recently divorced and with a new partner, decided to buy a six-bedroom split-level penthouse apartment a six-minute walk from work.
6 mins
Meteorological dept says 2024 was India's hottest yr since 1901
The year 2024 was the warmest on record in India since 1901, with the average minimum temperature settling 0.90 degrees Celsius above the long-period average, the IMD said on Wednesday.
1 min
Commercial LPG, ATF prices lowered
ATF prices were cut on Wednesday after they were increased for two consecutive months
1 min
Govt clears ₹69,515 cr crop insurance outlay
The cabinet promised to keep prices of DAP stable at ₹1,350 per 50kg bag
2 mins
Judicial efficiency: Case clearance outstrips backlog for the first time
In a first across Indian courts, the number of cases disposed of in a year is higher than the number of cases pending, according to data from the National Judicial Data Grid (NJDG).
2 mins
India's petroleum exports dip in Nov
During the April-to-November period, petroleum product exports amounted to $44.61 billion
2 mins
Kati Patang to buy, incubate small alcohol biz to expand
Kati Patang has raised ₹25 cr year-to-date and additional ₹10 cr from existing investors from a share-swap deal
3 mins
The Visas Dividing MAGA World Help Power the U.S. Tech Industry
Behind the uproar over the H-1B visa is a simple fact: America's tech industry is hooked on imported labor.
2 mins
Alibaba to Sell Sun Art Retail to DCP Cap for $1.6 Billion
Alibaba Group Holding Ltd agreed to sell its shares in Sun Art Retail Group Ltd to private equity firm DCP Capital, unloading another high-profile physical commerce asset to focus on its core online business.
1 min
Mswipe Eyes International Market for Higher Margins
The payments fintech will enter Malaysia, Nepal, the UK and other markets to boost its biz
3 mins
Rupee new worry for paint cos
The paint industry, long an oligopolistic stronghold with high entry barriers, is undergoing a shift.
2 mins
Should you avoid metal stocks in 2025?
Hindustan Zinc fell 32% in the past six months, while SAIL and Hindustan Copper fell 24% and 23%
2 mins
Will Ola Electric Mobility's motorcycle bet pay off?
Ola Electric Mobility Ltd's stock has fallen by nearly 10% after it said on 25 December that it would expand its network to 4,000 outlets from 800 to improve customer service.
2 mins
Trade finance in local currency up in Asia Pacific
Given the rate gaps, there is a preference for using yuan or yen as financing currencies, says JPMorgan's Zhang
2 mins
Telcos' Q2 revenue rises to ₹91,426 cr on tariff hike boost
Telecom operators' gross revenue increased 10.5% year-on-year (y-o-y) to ₹91,426 crore in the September 2024 quarter—the period when mobile service providers increased tariffs, according to a Trai report.
1 min
MFIN defers capping lenders
Microfinance Industry Network (MFIN), the self-regulatory organization (SRO) for the sector, has deferred the implementation of limiting the number of lenders to three per borrower to 1 April, giving lenders more time to manage stress and delinquencies, according to two persons aware of the matter.
2 mins
Small-film producers split streaming rights to maximize revenue
Small southern films such as Martin and Naradan are now streaming on more than one platform, often in the same language, as producers look to maximize revenue and OTT players baulk at paying high prices to buy movies or retain exclusive rights of small and mid-budget movies.
2 mins
Drug firms amp up hiring for top roles as growth beckons
West's diversification out of China, upcoming change of law in US set stage for growth
2 mins
Pushpa 2 and question of star liability
Even as Pushpa 2: The Rule cements its position as one of the biggest hits of all time in India, lead actor Allu Arjun has been embroiled in a massive controversy over a stampede during the screening of the Telugu film at Sandhya Theatre in Hyderabad where he was present, that led to the death of a woman and left her minor son critically injured.
2 mins
Sikhya eyes films for theatres, web originals
Sikhya, set up in 2008 and known for acclaimed films, has also started work on the next season of Gutar Gu
1 min
Carmakers Ride to Record Domestic Sales
SUV growth, rural demand played a key role in driving up car sales
2 mins
SEC Writes Off $10 Billion in Fines It Can't Collect
Paul Bilzerian has been on the run from the Securities and Exchange Commission for so long that he now owes the agency $180 million with interest—almost three times what a court initially ordered him to pay.
4 mins
The Five Biggest Roadblocks to Trump's Immigration Agenda
Donald Trump will confront funding, legal challenges to turn campaign rhetoric into policy
5 mins
Cease-fire deal between Hamas and Israel likely to elude Biden
Cease-fire talks between Palestinian militant group Hamas and the Israeli government have hit an impasse in recent days, Arab mediators said, making any deal unlikely before the end of the Biden administration.
3 mins
'Qcomm will rival ecomm in 2025'
The quick commerce industry will reach a stage in 2025 where it will be comparable to traditional e-commerce giants like Amazon and Flipkart, Zepto co-founder and chief executive officer Aadit Palicha has asserted.
1 min
Sasan Power pays $150 mn to IIFCL
Reliance Power on Wednesday said its arm Sasan Power Ltd has made a bullet payment of $150 million to IIFCL, UK, fulfilling its debt obligation on 31 December 2024.
1 min
'Air India will raise its global coverage'
Air India chief Cambell Wilson says the airline has covered a lot of ground since privatisation.
1 min
Markets rebound in first session of '25 on buying in blue-chips
Benchmark Sensex and Nifty started the New Year on a high note with the key indices closing higher in a see-saw trade on Wednesday on buying in blue-chip stocks.
1 min
A-One Steels files DRHP with Sebi
Integrated steel manufacturer A-One Steels India has filed preliminary papers with capital markets regulator Securities and Exchange Board of India (Sebi) to raise ₹650 crore through an initial public offering (IPO).
1 min
Ultra Tech names new CEO for ICL
India Cements Ltd (ICL), now a subsidiary of UltraTech, has announced the appointment of new leadership for the company, following the exit of its former promoters including N. Srinivasan as managing director and chief executive officer from the South-based cement maker.
1 min
Centre, states collect gross GST revenue of ₹1.76 tn in Dec
This was the lowest collection in 3 months but showed a rise of 7.3% from last year
1 min
House prices may see modest growth
India's primary housing market may register a modest single-digit price rise in 2025 after appreciating by an average 21% last year as developers are expected to boost new supply to match demand, according to experts.
1 min
The Bull Whose Climax Is Worth ₹50,000
Anmol, according to his owner, has fathered over 25,000 calves
7 mins
RUPEE SLIDE: WHAT IT MEANS FOR INDIA AND YOUR WEALTH
For the past nine months, we've been seeing headlines almost every day that the rupee has touched a new low.
3 mins
Are pre-approved loans key to seamless consumer financing?
How can I find out if I'm pre-approved for a consumer durable loan, and will it help speed up the application process? Additionally, what are the benefits of being pre-approved, and does it make the overall experience smoother?
1 min
Are diamonds forever? Insights from 22 years of zero-return saga
Diamonds, synonymous with luxury, captivate investors, but their investment potential tells a different story
4 mins
The Union Budget Should Focus on Lifting Consumption Growth
That is key, since investments haven't picked up, but there may be little fiscal space for big tax cuts
3 mins
Manmohan's understated leadership set a fine example
His self-assured openness to all views was an inspiration for decision makers keen to resist groupthink
4 mins
Abandon myopic policies for the common global good
Policies of the US, China and India should prioritize long term gains and their people must push for it
3 mins
Let's act now to create a resilient, adaptable and skilled workforce
Our demographic dividend, coupled with skills adapted for new opportunities, can give us a competitive advantage globally
3 mins
Indian Art May Be Poised for a Global Breakthrough
After a strong 2024, with major works, discoveries and acquisitions on the international Stage, the future looks bright for Indian art
3 mins
Smart gnomes, evil penguins and stop-motion
Wallace & Gromit are back for a full-length adventure with a familiar foe
2 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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