CATEGORIES

Services offer a clear and speedy path to economic development

We must reject the false choice between supporting services and promoting manufacturing. Policymakers need to do both

Will 2024 events set off a headwind or tailwind?

Old theories of social and economic cycles were back in discussion as politics and economics impacted each other over the past year. Expect the implications to begin unfolding in 2025

AI cannot replace human instinct in decision-making

The advent of artificial intelligence (AI) has presented both unprecedented opportunities and complex challenges in the rapidly evolving landscape of decision-making.

The recent deposit shortfall is a wake-up call for banks in India

They should treat depositors as business partners if they are to garner enough deposits for lending

2024: The Year of Riddles for Both Markets and Life

Interesting election results in three major world powers. Continued economic uncertainty in another one. And, continued geopolitical tensions in yet another. To cut rates or not, the constant question.

Should you be hiring a consultant to manage credit card rewards?

From points to travel perks, why credit card consultancies are becoming a must, especially for high-spenders

15 Awesome Stories You Shouldn't Miss

In 2024, we published over 200 Long Stories. Here's our recommended year-end list

Should NRIs deduct TDS on property sale?

Under India's income tax laws, any individual buying an immovable property (excluding agricultural land) from a resident seller must deduct TDS at 1% of the total consideration if the purchase price or stamp duty value is ₹50 lakh or more. The TDS is calculated on the higher of two values, not just the amount exceeding ₹50 lakh. This applies equally to both resident and non-resident buyers.

BII to invest ₹650 cr in final tranche in M&M's EV arm

Automaker Mahindra & Mahindra Ltd (M&M) on Monday said British International Investment Plc (BII) will make a final tranche investment of ₹650 crore, as against earlier planned investment of ₹725 crore, in its electric vehicles (EV) arm.

Senores Pharma has a strong debut

Securities and Exchange Board of India (Sebi) has cleared proposals of six companies, including Leela Palace parent firm Schloss Bangalore, Ather Energy and Oswal Pumps, to launch their public issues.

New Verification Facility for NEFT

The Reserve Bank of India (RBI) has asked the National Payments Corporation of India to develop a facility to allow customers using online fund transfer systems, RTGS and NEFT, to verify the name of the bank account to which money is being transferred before initiating the transaction for avoiding mistakes and preventing frauds.

Two Aeroplane Crashes Lead To Deadliest Year In Skies Since 2018

Passenger fatalities jump to 318 this year

Ikea's FY24 loss widens to ₹1,299 cr

Ikea India, a leading furniture and home furnishing retailer, reported widening of losses to ₹1,299.4 crore in FY24, according to an RoC filing by the company.

Jimmy Carter, Nobel Peace Laureate and Longest-Living US President, Dies at 100

In four-plus decades as an ex-president, Carter waged a worldwide campaign against war, disease and the suppression of human rights

Rupee slips to record closing low

The rupee slipped to its weakest closing level on record on Monday, pressured by a decline in the offshore Chinese yuan and broad-based dollar bids amid a prevailing bearish bias on the local currency.

Syria Looks To Pick Up The Pieces Of Its Shattered Economy

New government officials from HTS are sharing offices with some low and midlevel staffers from the Assad era, as they learn how to handle large-scale bureaucracy.

Adani to Raise Over $2 Billion in Wilmar JV Exit

The stake sale will also buffer the Adani Group's liquidity position and its ability to service upcoming debt obligations

Startup Staff Hit Esop Goldmines in 2024 as IPOs Rise

Several Startup Founders and Employees Booked Significant Gains from IPOs of New-Age Cos in 2024

Onitsuka Tiger eyes India manufacturing for faster growth

Japanese premium footwear brand Onitsuka Tiger, part of Asics Corporation, could consider manufacturing locally in India to accelerate growth, a senior official of the company told Mint.

Rising confidence to fuel Indian economy

RBI's FSR pegs real GDP growth for the current fiscal year at 6.6%

Less than 10% of IT budget in new tech

Banks in India allocated less than 10% of their information technology budgets to emerging technologies this year, the Reserve Bank of India (RBI) has found.

As Big As A Year Ends

Prices, political shifts, global uncertainties and more. The challenges in its quest to become a developed economy

India dreams: challenging

In charts: India grappled with a slowdown, climate crisis, rising pollution... The nation needs a well-defined road map to overcome these challenges

SpiceJet's grounded planes to fly again

Budget carrier SpiceJet Ltd. aims to operationalize 30 Boeing 737 MAX aircraft, grounded for reasons ranging from payment default to lessors and component shortages, in the next 12-15 months as it seeks to expand its services.

Samhi gives old offices a luxury makeover

The hospitality firm is taking old offices on lease, turning them into hotels

Ashwin Sheth plans Bengaluru debut, sets sights on IPO

Real estate developer Ashwin Sheth Group is preparing to launch more than 10 housing projects in 2025 and mark its debut in Bengaluru, as it aims to tap the public market to finance its expansion plans.

Capex plans, robust demand may keep KEI charged up

KEI Industries Ltd is preparing to carry out its enhanced capital expenditure (capex) guidance.

Cement price pain not over yet

For the cement sector, two themes played out in 2024: rising consolidation and weakening prices.

Wall Street expects gold to glitter again in year ahead after solid 2024

Few investments did better in 2024 than gold, which is wrapping up its best year since 2010 and one of its largest annual gains on record.

Tumble in F&O volumes raises questions on where the money might have headed

In the past three months, the Nifty 50 has fallen 8.5% while the Nifty Smallcap 250 has dropped just 5%