CATEGORIES

BharatPe chief biz officer steps down

Fintech platform BharatPe's chief business officer Dhruv Dhanraj Bahl is leaving the company after a stint of about four years, the company confirmed.

PLI likely for chemicals, not petchem

The finance ministry is considering introducing a production linked incentive (PLI) scheme for the chemicals sector, but there aren’t any proposals yet for such a scheme for the petrochemical industry, two senior officials told Mint.

Embraer taps HAL, Tata for defence aircraft mfg

Embraer Defense & Security is in talks with five Indian entities, including Hindustan Aeronautics Ltd (HAL) and Tata group, to manufacture defence transport aircraft in India, a top executive at the Brazilian plane maker said.

Auto firms look to speed up as festive season kicks off

As India’s annual festive season takes off with the 10-day Onam festival, hopes are high at the country’s automobile manufacturers, at a time of rising rural sentiments and fading supply chain woes.

HP, Dell, Foxconn sign up for PLI 2.0

38 applicants in total; Centre sees ₹3.35 tn incremental output

The long comeback of India's star runner Jinson Johnson

The middle-distance runner speaks to Mint about his struggles with injury, covid-19 and his Asian Games hopes

Reliance should not keep the stock market waiting too long

The flagship of Asia’s richest tycoon is looking a tad overburdened with businesses that are mature enough to be cast off on their own.

G20 presidency: A driving force against global debt vulnerability

Discussions on escalating global debt vulnerabilities have taken centre stage. Since 2000, global public debt has surged fivefold, and developing nations now bear nearly 30% of this burden. The most vulnerable are low and middle-income countries, juggling between servicing external debt and meeting critical domestic needs like food and fuel.

Jan Dhan 2.0: Consider a universal basic income

We have a platform in place for direct cash transfers and may have sufficient funds within a decade to put everyone but the well-off on a monthly payroll. It's time to evaluate the idea

How do nominees differ from legal heirs?

It is settled law that a nominee does not become the owner of the property. Nominee holds the property in trust for the legal heirs.

INSIDE THE CHAOS AT PRISTYN CARE

Amita Panchal, a 47-year old Mumbai-based bank employee and a single mother, navigated life with the aid of crutches. Childhood polio had restricted her mobility. She had health issues associated with obesity and, in May this year, consulted a doctor through Pristyn Care, a Sequoia- and Tiger Global-backed start-up that offers elective surgeries.

Meta's news link block barely hurts Facebook use in Canada

Meta's decision to block news links in Canada this month has had almost no impact on Canadians' usage of Facebook, data from independent tracking firms indicated on Tuesday, as the company faces scorching criticism from the Canadian government over the move.

Japan warns China of action as Fukushima spat worsen

Japan may take World Trade Organization action against China, which banned all Japanese seafood imports in response to Tokyo’s release of treated wastewater from the wrecked Fukushima nuclear plant into the ocean.

Toyota to restart Japan ops today after system failure

Toyota Motor will restart operations at its assembly plants in Japan on Wednesday, after a production system malfunction brought domestic output to a halt at the world's biggest-selling automaker.

Google enhances cloud by integrating Al tools

Google claims its products and services are the finest options in AI

'Certain NBFCs should be allowed to raise deposits'

Piramal Enterprises Ltd seeks to tap underserved customers in smaller towns to drive growth in its financial services business, and double its assets under management within five years to ₹1.2-1.3 trillion.

Sharp pay cuts in small towns as more cos end remote work

India's job market has shifted drastically since a year ago, when India Inc was on a hiring spree, offering generous pay packages, especially in tier II and III cities.

'Leisure travellers returning to India'

International leisure travellers are gradually returning to India, Australia’s Intrepid Travel, which offers services to small groups of travellers for overseas vacations, said. India is the company’s second largest market where tourists from Australia, the US, and the UK arrive in large numbers.

Maruti to invest ₹45,000 cr to double capacity by FY31

Though it lags peers in EV launches, Maruti will drive growth with hybrid and CNG vehicles

ONGC backs its net zero goal with ₹2 tn

State-owned ONGC plans to invest around ₹2 trillion towards its energy transition efforts until 2038, said chairman and chief executive Arun Kumar Singh.

Airtel Uganda to roll out $216 million IPO

Billionaire Sunil Mittal backed telecom services provider Airtel Uganda Ltd, a subsidiary of Airtel Africa plc, plans to raise 800 billion Ugandan shillings or $216 million in an initial public offering (IPO), it said in a statement Tuesday.

SoftBank to sell 1.17% stake in Zomato

SoftBank's Svf Growth (Singapore) Pte. Ltd is set to divest a 1.17% stake in Zomato Ltd on 30 August. The deal is expected to fetch 1940 crore ($114 million) for the Japanese investor.

UST buys MobileComm to beef up telecom business

UST, an IT solutions company, on Tuesday said it has acquired Dallas-based telecom engineering firm Mobile Comm for an undisclosed sum.

Trial run planned on India, BD rail link

India and Bangladesh are expected to hold a trial locomotive run on the AkhauraAgartala railway line and push the operationalization of the crucial link between the two countries. Reports have indicated that both sides hope to operationalize the line by the end of this year.

NPPA brings 44 more essential drugs under price cap

The National Pharmaceutical Pricing Authority (NPPA) has brought 44 new drugs under price control. These drugs are commonly used for pain management, depression, anxiety, gastrorelated ailments, hypertension and several auto-immune diseases.

Centre to make a 'positive statement' on J&K statehood

Underlining that restoration of democracy in Jammu and Kashmir is “very important\", the Supreme Court on Tuesday asked the Union government to indicate a timeframe to restore the statehood of J&K, prompting the Centre to seek 48 hours for making what it called a “positive statement\" in this regard.

Sugar export curbs review in October after crop estimates

The government in October will review its sugar export policy, which is currently under the restricted category, in October, after state cane commissioners come up with their crop estimate for the 2023-24 season.

Cos exiting China favour Indian startups

In early 2020, as the pandemic was shutting down global commerce, a Pennsylvania company was having trouble getting its usual steel parts out of China. It stumbled on another possible option-in India.

'Will fly to Venus, Mars with pvt cos'

Private companies will be a major partner in India’s future space missions, including those to Mars and Venus, and India is not behind any world power, including China, in technical capability although the country needs to build scale, NITI Aayog member and defence scientist V.K. Saraswat said in an interview.

Electricity demand, shortage hit record

Electricity usage that began rising in July touched record levels of demand in August as rains waned, driving stocks of power companies to new highs. As demand surged, power shortage also shot up.