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Mint Kolkata

Infosys Beats the Street in Q3, Raises Guidance for FY25

A bright spot in Infosys' report card was its net profit in Q3, which came in 3.5% higher at $804 million

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1 min  |
January 17, 2025
Mint Kolkata

Isro Achieves Satellite Docking Milestone

India Is Now Only the Fourth Country to Achieve the Feat

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2 mins  |
January 17, 2025
Mint Kolkata

The ethics of AI will prove more important than the technology

Artificial intelligence could be the future of humanity and we must not let it slip out of our control

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3 mins  |
January 17, 2025
Mint Kolkata

Is online shopping a watershed or blip? Let's look at HCES data

E-commerce penetration is deepening but this doesn't herald a new retail landscape with no space left for physical stores

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3 mins  |
January 17, 2025
Mint Kolkata

NCLAT admits Meta plea against CCI ban

The National Company Law Appellate Tribunal (NCLAT) on Thursday admitted Meta Platforms' appeal against an order by the Competition Commission of India, which imposed a five-year ban on the company's data-sharing practices in the country and slapped a ₹213.14 crore fine for allegedly abusing its dominant position.

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1 min  |
January 17, 2025
Mint Kolkata

Bain Invests in Auto Parts Firm Dhoot Transmission

US private equity firm Bain Capital has invested an undisclosed amount in Dhoot Transmission Group, an Aurangabad-based automotive components manufacturer.

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1 min  |
January 17, 2025
Mint Kolkata

How Months of Geopolitical Upheaval Paved Way for Gaza Cease-Fire

Meanwhile, both sides have been galvanized by President-elect Donald Trump's imminent return to office

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6 mins  |
January 17, 2025
Mint Kolkata

Sensex, Nifty gain for 3rd straight day

Equity benchmark indices Sensex and Nifty rallied for the third session on the trot on Thursday, helped by a rally in global markets after lower-than-expected consumer inflation in the US ignited hopes of more rate cuts by the Federal Reserve.

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1 min  |
January 17, 2025
Mint Kolkata

RBI Eases Rules Allowing NRIs to Open Overseas Rupee Accounts

For instance, an NRI in the US can now open a rupee account with New York branch of an authorized dealer bank in India

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2 mins  |
January 17, 2025
Mint Kolkata

Kirloskar Family dispute escalates

The ongoing dispute within the Kirloskar family has intensified, with Kirloskar Brothers Ltd (KBL) seeking intervention in the Securities Appellate Tribunal (SAT) in an appeal filed by Kirloskar Oil Engines Ltd (KOEL).

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1 min  |
January 17, 2025
Mint Kolkata

Govt may propose duty cuts for rare-disease and cancer drugs

The government's National Policy for Rare Diseases lists 63 ailments

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2 mins  |
January 17, 2025
Mint Kolkata

L&T Tech's Q3 excites, but don't ignore near-term headwinds

idcap IT services firm L&T Technology Services Ltd (LTTS) surprised the Street with solid deal wins and margin expansion in the December quarter (Q3FY25). Investors cheered, taking the shares up about 8% on Thursday.

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2 mins  |
January 17, 2025
Mint Kolkata

Calls for Overwork Take Home Labour as a Given

Corporate advocacy of a long work-week assumes people's reliance for home chores on either low-paid labour toiling under harsh conditions or unpaid work—usually done by women

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2 mins  |
January 17, 2025
Mint Kolkata

Sebi bars 7 entities firm from trading

The Securities and Exchange Board of India (Sebi) has temporarily restrained the trading activities of Pacheli Industrial Finance Ltd (PIFL) following an alarming surge in the Mumbai-based company's stock price and questions surrounding its financial dealings.

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1 min  |
January 17, 2025
Mint Kolkata

Heads Up For Tails plans to raise $40 mn

Heads Up For Tails (HUFT) has started talks to raise $40 million from new and existing investors, three people familiar with the matter told Mint, underscoring the growth potential of the pet care sector.

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2 mins  |
January 17, 2025
Mint Kolkata

Blue Origin reaches orbit, booster misses landing in debut

Blue Origin LLC's new flagship rocket lifted off for the first time and successfully reached orbit in a crucial test of the Jeff Bezos-backed firm's ability to challenge SpaceX's ironclad grip on the launch market.

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1 min  |
January 17, 2025
Mint Kolkata

Warburg-owned Truhome Finance eyes ₹50k cr AUM

To sustain growth, Truhome plans to expand to tier III and IV towns, where demand for affordable housing is rising

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1 min  |
January 17, 2025
Mint Kolkata

Demand for petrol, diesel may grow in FY26

India's petroleum product demand continues to remain robust with consumption seen at a record 252.9 million tonnes for the next financial year (FY26), according to data from the Petroleum Planning and Analysis Cell.

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1 min  |
January 17, 2025
Mint Kolkata

SpiceJet told to pay $2.67 mn to lessor

The Delhi High Court on Thursday ordered budget airline SpiceJet to pay $2.67 million to Team France within a week for using the aircraft lessor's three engines.

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1 min  |
January 17, 2025
Mint Kolkata

Cabinet approves 8th pay commission establishment, rocket launch pad

Ahead of the FY26 budget and assembly elections in Delhi, the Union cabinet on Thursday approved the setting up of the eighth central pay commission to revise the payment and pension of government employees.

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2 mins  |
January 17, 2025
Mint Kolkata

Risk of RBI's approach to rupee

Holding on The Indian rupee has held up over the medium-term even as it has fallen sharply recently

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2 mins  |
January 17, 2025
Mint Kolkata

Even Harvard M.B.A.s are struggling to land jobs

Landing a professional job in the U.S. has become so tough that even Harvard Business School says its M.B.A.s can't solely rely on the university's name to open doors anymore.

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4 mins  |
January 17, 2025
Mint Kolkata

Bharat Dynamics wins Navy contract

The defence ministry on Tuesday said it sealed a deal with state-run Bharat Dynamics Ltd to procure medium-range surface-to-air missiles (MRSAM) for the Indian Navy at a cost of ₹2,960 crore.

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1 min  |
January 17, 2025
Mint Kolkata

How Entrepreneurs Can Safeguard Personal Wealth Amid Business Risks

The essence of ring-fencing lies in proactive planning and protecting from potential risks

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2 mins  |
January 17, 2025
Mint Kolkata

LTIMindtree Beats Revenue Estimate

TIMindtree on Thursday reported third-quarter revenue above estimates, helped by the execution of large deals won in previous quarters, although its profit fell on account of an uptick in expenses.

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1 min  |
January 17, 2025
Mint Kolkata

Adani Group's US tormentor Hindenburg Research shuts shop

Hindenburg published 85 reports in its seven years of existence, and got it correct about 81% of the time

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3 mins  |
January 17, 2025
Mint Kolkata

Bharat Mobility Expo Set to Drive in New Electric Vehicles, Hybrids Today

A Trend to Watch Out for at the Expo and Through 2025 Will Be the Dynamic Between EVs and Strong Hybrid Vehicles

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3 mins  |
January 17, 2025
Mint Kolkata

Axis Bank Misses Profit Estimates

Indian Lenders Have Been Grappling With Higher Bad Loans in Microfinance and Unsecured Segments

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1 min  |
January 17, 2025
Mint Kolkata

Oil giant BP cuts thousands of jobs

British energy giant BP on Thursday said it would axe 4,700 staff jobs, or about five percent of its workforce, and is cutting thousands of contractor roles to reduce costs.

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1 min  |
January 17, 2025
Mint Kolkata

Mint BFSI event today to host top regulators, finance pros

Rajeshwar Rao, Ananth Narayan, Deepak Sood, Deepak Mohanty at Mint BFSI Summit & Awards

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3 mins  |
January 17, 2025