CATEGORIES

REVOCATION OF MFN STATUS 'Swiss move won't hit $100 bn EFTA commitment'

Switzerland suspending the unilateral application of the most favoured nation (MFN) clause with India under the Double Tax Avoidance Agreement (DTAA) should not impact the $100 billion investment commitment under the recently signed trade deal between India and European Free Trade Association (EFTA) nations.

Labour min seeks cut in FY25 ELI budget outlay

Urges FinMin to lower allocation to three schemes by a third

India Inc boards expand with more women, independent directors

The boardrooms of India's large listed companies are steadily expanding as corporate governance standards tighten and regulatory compliance rises.

Adidas, Puma, Nike supplier jogs into India in push to manufacturing

Hong Fu inaugurates ₹1,500 crore footwear manufacturing facility in Tamil Nadu

Zero-commission model can raise driver incomes

Open networks in the mobility sector can redefine India's urban mobility landscape and boost economic growth by generating additional between 51,000 crore and ₹67,000 crore annually, boosting driver incomes by approximately 30 per cent and fostering inclusive growth, according to a white paper unveiled by Open Network for Digital Commerce (ONDC).

Bavarian Nordic inks Mpox vax agreement with Serum

Danish vaccine firm Bavarian Nordic and Serum Institute of India (SII), the world's largest vaccine maker by volume, have entered into a licence and manufacturing agreement to make the Denmark-based firm's Mpox vaccine MVA-BN.

Ambani, Adani drop out of $100 bn net worth club

Mukesh Ambani, chairman and managing director of and Reliance Industries, Gautam Adani, chairman of the Adani Group, both of whom rank among India's wealthiest and some of Asia's richest individuals, have dropped out of Bloomberg's $100 billion club this year due to various business challenges, Bloomberg reported.

Dixon may grab 1/5th of mobile assembly market with Vivo JV

Joint venture will make phones exclusively for Vivo

Vedanta okays 4th interim dividend worth ₹3,324 crore

Mining major Vedanta Ltd on Monday said its board has approved a fourth interim dividend of ₹8.5 per equity share for FY25, amounting to ₹3,324 crore.

IT sector may log mid-single digit growth in FY25

Icra report says hiring in the industry may pick up by the end of H1FY26

Tata Consumer to delay plans to open some Starbucks stores

Tata Consumer Products will push back plans for some new Starbucks store openings until later in its existing schedule as fewer customers are walking into its cafes, Tata Consumer CEO Sunil D'Souza said on Monday.

Upgraded planes, tweaked timings on A-I's int'l runway

Changes to come into effect from 2025

Now, institutions dwarf retail investors in SME IPOS

Institutional investors are increasingly becoming active in a stock market segment dedicated to small and medium enterprises (SMEs), marking a significant shift in the dynamics of IPO participation.

Trade deficit at record high on gold imports

Hits 38 bn in Nov; exports contract 4.8% to 25-month low

An open letter to the RBI governor

You have come at a time when the growth-inflation dynamics are changing and the ₹ is under pressure

RESTORING STATES' STATUS

The new draft policy on agriculture marketing recognises the primacy of states and seeks to build consensus

Continuity with change, and change with continuity

Mint Road saw a new incumbent at the helm, followed through on its regulatory and governance initiatives even as the wait continues on a few fronts,

Financial deception behind the screens

Former RBI governor Shaktikanta Das has listed maintaining cybersecurity as one of six challenges for his successor Sanjay Malhotra.

How COP29 accelerated trek to green financing

The recently concluded COP29 in Azerbaijan left many with mixed feelings.

Sebi's new product: MF's efficiency, PMS' control

In early 2000, my family and I returned to Mumbai by train. The entire train emptied at Borivali station, and a large crowd converged towards the sole bridge.

Housing price growth likely to moderate next year

Interest rate cuts, strong rental demand may keep the market buoyant in 2025

The unlisted free-for-all is over: Sebi draws its line

The Securities and Exchange Board of India's recent warning against trading in unlisted securities has sent ripples through platforms facilitating such transactions.

MARKET GRAVITY REVERSES, DRAWING FOREIGN CAPITAL TOWARDS THE US

GO WEST: Influx sparks 'crowded' trade, primed for relief rallies

The market is irrational right now

With 2024 drawing to a close, all eyes are now on Donald Trump's inauguration in January 2025 and what it will bring to the global financial markets. ANISH TAWAKLEY, co-chief investment officer for equity at ICICI Prudential Asset Management Company, spoke with Puneet Wadhwa in New Delhi about his hits and misses in 2024 as a fund manager, and the opportunities and key risks for the markets in the year ahead. Edited excerpts:

A Teflon resilience in markets that won't let declines stick

DIP, REBOUND, REPEAT: Investors who bought the dip since 2022 have reaped bigger returns from sharper rebounds

Big Tech and Donald Trump

Elon Musk wasn't always such a big fan of Donald Trump. In December 2016, he reluctantly joined Trump's business advisory council, only to leave it a few months later after the Republican president pulled out of an international climate agreement.

The dark horse rises as midcaps gallop ahead

Smallcaps thrown off stride as regulatory hurdles and high valuations take the reins

Letter and spirit

Constitution will help fulfil aspirations

The one thing: Export

In the mid-1990s, when Indian companies were struggling to handle an economic slowdown and high interest rates, I had developed a rule of thumb to filter high-quality companies: Does the company earn a significant part of its revenues from export?

Savings-investment conundrum

For growth to be sustainable, it must be financed by higher gross domestic savings because there is not much space to do so through external borrowing