Mint Mumbai - December 12, 2024
Mint Mumbai - December 12, 2024
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December 12, 2024
Adani taps lenders to refinance $1.1 bn
The Adani Group has initiated talks with a clutch of investors and banks to refinance $1.1 billion worth of loans of Adani Green Energy Ltd, two persons aware of the discussions said on condition of anonymity.
2 mins
Jubilant to acquire 40% in Coca-Cola bottling arm
The Jubilant Bhartia Group, which operates India's largest food services business, will acquire a 40% stake in the country's largest Coca-Cola bottler, in a transaction said to be valued between ₹12,000 crore and ₹12,500 crore.
3 mins
$3bn package likely for electronics R&D
Meity task force submits report; focus on local value addition
2 mins
CEA calls for right balance of regulation and growth
Chief economic adviser V. Anantha Nageswaran on Wednesday cautioned against overregulation and said the right balance needed to be struck between optimizing growth and the regulatory framework in light of global uncertainties.
1 min
E-way bills drop to five-month low after festive season peak
The issuance of electronic permits, or e-way bills, required for the shipment of goods within and across states, fell to a five-month low in November following a record high in October, according to official data.
1 min
Inflation is likely to have cooled to 5.5% in Nov: Mint poll
India's retail inflation is expected to have eased to 5.5% in November from 6.2% in October, driven by a seasonal decline in vegetable prices, according to a Mint poll of 16 economists.
1 min
Rail safety to get its highest-ever budget
The upcoming Union budget may earmark the highest-ever allocation of over ₹1.25 trillion for rail safety in FY26, two people aware of the plan said.
2 mins
Conflicts fuelling inflation, time for global action: FM
Restoring supply chains needs political, strategic considerations alongside economic ones
2 mins
Google ups its AI game with Gemini 2.0 launch
Experts believe the new model is Google's bid to catch up with Microsoft
2 mins
ReNew promoters make delisting bid
A consortium of promoters of ReNew Energy Global, including Canada Pension Plan Investment Board (CPPIB), Abu Dhabi Investment Authority (ADIA) and founder Sumant Sinha, along with a new investor Masdar, have proposed to buy out the listed shares to take the company private.
1 min
IPO mop-up surges threefold to record ₹1.34 tn in 2024
Vishal Mega Mart, Sai Life Sciences, One MobiKwik, among other IPOs, are set to raise ₹18,114 cr in December alone
1 min
New RBI governor says need to ensure stability, continuity in policy
Malhotra stressed the central bank will continue interacting with regulators, state governments and the Centre
2 mins
Why Axis's Neelkanth Mishra does not see room for rate cuts
The monetary policy committee of the Reserve Bank of India (RBI) is not expected to cut rates anytime soon, said Neelkanth Mishra, chief economist at Axis Bank, citing stubborn inflation.
2 mins
V-Mart could sustain momentum in second half of FY25
V-Mart Retail Ltd's shares have more than doubled over the past year (up about 120%). Sure, it helped that the stock was beaten down around a year ago, hovering near its 52-week low of ₹1,741.70 on 13 December 2023. Moreover, investors seem pleased with the signs of recovery in the company's recent results and its improved outlook for the second half of FY25 (H2FY25).
1 min
Gail set to ride two tailwinds
Gail (India) Ltd is expected to benefit from several tailwinds in FY26.
2 mins
Balancing the scales for women with mutual fund solutions and the right mix of investments
The recently concluded Investor Awareness Programme conducted by Mirae Asset Mutual Fund in association with Mint, showed how women could learn the basics and build financial confidence by navigating the world of stocks, mutual funds and asset allocation
4 mins
Mid-size IT services cos lead AI charge with investments
Both LTIMindtree and Mphasis are advancing in agentic artificial intelligence and conversational AI automation
2 mins
JSW Steel plans to diversify into copper and aluminium
The conglomerate has engaged consultants to explore the feasibility of such an expansion
2 mins
Law min weighs steps after SC nixes arbitration model
Supreme Court has struck down the practice of unilateral appointment of arbitrators
2 mins
Adani ends US loan deal for Colombo terminal
Embattled billionaire Gautam Adani pulled out of a loan deal with an American agency to fund a port terminal in Sri Lanka's capital, ending an agreement hailed a year ago as an effort by India and the US to counter China's growing influence in the region.
1 min
Court rulings on eco damage signal flaws in NGT methods
A growing number of environmental cases and multidisciplinary issues led the govt to enact the NGT Act in 2010
2 mins
DS Group set to deploy ₹800 crore to acquire new hotels by FY27
By 2025, DS Group plans to add 300 rooms to its portfolio, followed by another 500 by 2026
2 mins
SC pulls up Axis, RInfra arm
Contempt notice issued in response to plea by DMRC, which had moved a contempt petition against DAMEPL
2 mins
Film promotions eye small towns to engage audiences
Entertainment industry experts say the trend is driven by the need to gain a wider, pan-India viewership
1 min
Trump aims to remake Federal Trade Commission with two picks
Andrew Ferguson, one of two current GOP commissioners on the FTC, would succeed Chair Lina Khan
3 mins
Behind bitcoin's rally is a simple fact: supplies are limited
Bulls argue that the token's scarcity will fuel rising prices, with buyers scrambling to acquire the last new coins to come online
4 mins
SpaceX valuation jumps to $350 bn
SpaceX and its investors have agreed to purchase as much as $1.25 billion of insider shares in a transaction valuing Elon Musk's rocket and satellite maker at about $350 billion, according to an internal email seen by Bloomberg.
1 min
How years of Reddit posts have made the company an AI darling
For the first nine months of 2024, Reddit's revenue category that includes licensing grew to $81.6 million
4 mins
Data centres to see $100 bn investment
India's data centre market has attracted an investment commitment of $60 billion in the last six years and the cumulative inflow is estimated to surpass $100 billion by 2027-end, according to CBRE.
1 min
Rupee declines to lifetime low
The Indian rupee weakened to its record low on Wednesday, pressured by a slide in the Chinese yuan and heightened dollar bids in the non-deliverable forwards (NDF) market.
1 min
MobiKwik IPO subscribed 7.3x
The initial public offering (IPO) of fintech company One MobiKwik Systems got subscribed 7.3 times, receiving an overwhelming response from retail investors on the first day of sale on Wednesday.
1 min
Vishal Mega Mart garners ₹2,400 cr
Supermarket chain Vishal Mega Mart has mobilized ₹2,400 crore from anchor investors, an update with the exchange showed.
1 min
Healthcare sector sees surge in hiring
The healthcare sector in the country is witnessing a hiring surge, with 47% of employers planning to recruit staff in this segment, driven by advancements in telehealth and a growing focus on preventive care services, TeamLease EdTech said on Wednesday.
1 min
14 firms bid for green H2 incentives
As many as 14 firms, including Reliance Green Hydrogen and Green Chemicals, ReNew E-Fuels, Waaree Clean Energy Solution and Avaada Green H2 have submitted bids under the green hydrogen transition scheme.
1 min
FM attacks Rahul Gandhi over bank fund misuse allegation
Sitharaman says it is an insult to those benefiting from a cleaner, stronger banking system
1 min
K12 Techno bags $40 mn from Kenro
Bengaluru-based K12 Techno Services has secured $40 million (₹340 crore) from venture capital firm Kenro Capital, according to a statement from the education and technology services provider on Wednesday.
1 min
Local norms key for digital regulation
European Union's (EU's) framework for regulating digital market giants offers guidance, but India needs local norms, given the differences in the make-up of the two economies and the regulatory perspectives adopted, Competition Commission of India (CCI) chairperson Ravneet Kaur said on Wednesday.
1 min
FPI participation in share market rising
Foreign portfolio investors' (FPI) participation in the Indian equity and derivative markets is increasing on a daily basis while new Indian investors from tier-III and tier-4 cities are set to create a significant influence in the domestic markets, says an industry expert.
1 min
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Editor: HT Digital Streams Ltd.
Categoría: Newspaper
Idioma: English
Frecuencia: 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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