CATEGORIES

How Fraudulent Claims Hit Insurers... And You

If what stakeholders say is true, the industry could be losing a billion dollars to health insurance fraud

The global impact of policy calls may affect our rupee ambitions

Limited fiscal headroom and ideological signals of trade policy could get in the way of efforts to globalize India's currency

Explicit RBI guidance is not necessarily useful

An RBI paper found that clarity of communication works well as a central bank tool when policy rates are low, but needn't when they go higher. Too little ambiguity may even be risky

US sees scramble for $53 bn chip fund plan

More than 460 companies have expressed interest in subsidy funding

E-comm order volumes jump 26% in FY23, tier-1 cities lead

Tier-1 cities led the growth in e-commerce volumes in fiscal 2023 as work from office resumed after two years of pandemic-led restrictions, e-commerce enablement SaaS platform Unicommerce said in its annual trends report released Wednesday.

ASCI tightens endorsement guidelines as violations soar

Guidelines to cover celebs with 500,000 followers or earning ₹40 lakh annually from ads

'Shift to luxury cars will gain pace as EV market matures'

Mercedes Benz India plans to launch 3-4 more EVs in the country within 12-18 months

Cabinet okays GST changes to betting on online games

The Union cabinet on Wednesday cleared legislative changes needed to implement the GST Council’s decision to ensure that 28% GST is paid on the full value of amounts deposited by players for betting on online games, casinos and horse races, three people familiar with the development said.

Ant deal revives question on Sharma's position at Paytm

Advisory firm IiAS believes founder wields promoter-like influence through a trust

L&T eyes green energy, plans to sell non-core biz as Naik exits

I am leaving, but I am still there,\" said A. M. Naik, the departing chairman of engineering and construction giant Larsen & Toubro (L&T) Ltd, while addressing his final and the conglomerate’s 78th annual general meeting (AGM) on Wednesday.

'Will work with industry on DPDP law'

The government will consult the industry before implementing the Digital Personal Data Protection (DPDP) bill to ensure a smooth rollout roadmap, minister of state for electronics and IT Rajeev Chandrasekhar said.

Parliament approves data protection bill

Vaishnaw said Centre has started work on the implementation of the bill

Tata Cap to raise ₹28,000 crore via debt to fund growth in FY24

Tata Capital plans to raise ₹28,000 crore ($3.38 billion) mainly through debt instruments and bank lines in the current financial year to fund its double-digit credit growth, a top executive at the non-banking finance company (NBFC) said.

Dark fibre case: SAT sets aside Sebi order on NSE, ex-officials

The Securities Appellate Tribunal (SAT) on Wednesday set aside a Securities and Exchange Board of India (Sebi) order from April 2019 that had directed the National Stock Exchange to disgorge ₹62.5 crore along with interest in the so-called dark fibre case. It also removed the Sebi restriction on Sampark Infotainment providing connectivity services to stock exchanges.

Large outflows hurt equity MFs in July

Net inflows into equity mutual funds, comprising both open-ended and closed-end schemes, fell to ₹7,505.32 crore in July from ₹8,244.8 crore in the previous month, showed data from the Association of Mutual Funds in India (Amfi).

Reforms for fractional private jet ownership, online tests on cards

The civil aviation ministry is working on finalizing a draft bill that focuses on reforms in the area of business jets, including allowing fractional ownership of operators in India, two officials aware of the development told Mint.

Govt trims open market sale price of rice

The Union government on Wednesday decided to lower the base price of rice being auctioned by the Food Corp. of India (FCI) under a scheme for bulk buyers, millers, processors and traders, after receiving muted response in the six auctions held so far.

'Tech import curb regressive, doesn't augur well for future'

Rakesh Mohan, a part-time member of the Prime Minister’s economic advisory council, has criticised the licencing requirement that the central government recently imposed on imports of computer hardware, calling the move “disturbing\" and “regressive.\"

Room rates go through the roof for long weekend

The upcoming long weekend has extended this year’s dream run for India’s hotel companies, with last-minute holiday planners shelling out at least ₹20,000 to spend a single night at any top five-star resort.

NIIF taps Russell Reynolds to find next MD & CEO

The National Investment and Infrastructure Fund Ltd (NIIF) has mandated global leadership advisory firm Russell Reynolds Associates to find the next managing director (MD) and chief executive officer (CEO) of India’s quasi-sovereign wealth fund, two people familiar with the development said.

Can India's Economy Overtake Japan By '29?

India can easily become the world's fourth largest economy by the end of this decade. But beating Japan will be tough

Covid Genomics Body To Meet Amid Rise Of New Variant Eris

The emergence of a new covid variant in several countries has put Indian scientists on alert, with the country's top covid genomics body set to discuss the evolving situation this week.

Women's Football World Cup: A tournament of equals

As Brazil and USA crash out, while Jamaica and Colombia succeed, the women's football world order is changing

India's bullseye at the World Archery Championships

Against the odds, India's archers broke through to claim three golds in Berlin. In an exclusive, the champions tell Mint how they did it

Will our new investment cycle be Keynesian or Schumpeterian?

Whether it's old industries or new that will see asset creation matters because their ideal supportive policy frameworks differ

It's time to double down on our digital expansion

India's internet coverage has expanded and successes been noted but we still have plenty of catching up to do with the rest of the world for our ambitions of a digital economy to be met

THE ESSENCE OF DIVERSIFICATION AND HOW IT HELPS YOUR INVESTMENT PORTFOLIO

We know that investors should not keep all their eggs in one basket. Instead, they should ensure that the portfolio is properly diversified. The rationale behind this goes a little deeper than just keeping the eggs in different baskets. Let us scratch the surface.

SoftBank sees $3.3-bn shock 1st-quarter loss

The firm saw share prices of major holdings drop, amid weakening of yen

'EESL may take legal action to recover street light dues'

State-run Energy Efficiency Services Ltd (EESL) is exploring various options, including legal action, to recover dues from urban local bodies (ULBs) across states under the Street Lighting National Programme (SLNP).

Hindalco Q1 profit falls 40% on lower revenue

Company expects raw material costs to fall further; capex plans on track