CATEGORIES

'We are ordering for what we think is needed for IndiGo'

InterGlobe Aviation Ltd, the operator of the IndiGo airline, made history with a record order of 500 aircraft from Airbus, bolstering India’s position as home to the world’s two largest aircraft orders, following Air India’s 470 aircraft order in February from Airbus and Boeing. After the announcement of the order, IndiGo chief executive officer Pieter Elbers said that these aircraft would help IndiGo expand internationally as well as to domestic destinations

Improve rural income as a top priority, FM tells NABARD

Finance minister Nirmala Sitharaman on Monday told senior officials of the National Bank for Agriculture and Rural Development (NABARD) to work toward ensuring efficiency and outcomes at the ground level, with improvements in rural income as a top priority, the finance ministry said in a social media post

Thales in talks with Adani, Reliance for drone management

French defence group Thales is in preliminary discussions with Indian conglomerates Adani Group and Reliance Industries Ltd to collaborate on an unmanned air traffic management system for drones, Mint has learnt

Engine repairs set to speed up, says CFM

Availability of CFM International’s aircraft engines will increase by up to 30% next year, the company said, at a time low-fare airline Go First has filed for insolvency citing engine scarcity, and other Indian airlines struggle to add capacity due to supply chain issues

SBI to incentivize green home loan takers

State Bank of India (SBI) is looking to reintroduce a scheme that will encourage borrowers to buy units in green housing projects, offering them a 10-25 basis points (bps) discount on the prevailing interest rates, a person aware of the development said

Buffett raises stake in 5 Japanese traders

Berkshire Hathaway Inc. raised its stake in five of Japan's trading houses to an average of over 8.5%, in a move to double down on some of Warren Buffett's favourite stocks

UK two-year yield climbs to 5% for first time since 2008 crisis

The UK's short-term government borrowing costs climbed to 5% for the first time since the global financial crisis amid concern the troubling inflation outlook could lead to more aggressive monetary tightening from policymakers

'Pricing is key for adoption of generative Al by businesses'

Salesforce, the customer relationship management software maker that employs more than 9,000 people in India, is betting big on generative artificial intelligence (AI), and has doubled its total global investment corpus on generative AI startups through Salesforce Ventures.

Drones ready for takeoff at top govt hospitals to ferry medical supplies

The union health ministry is in the process of deploying an army of drones at Central government hospitals to transport medical supplies

'US jet engine deal will be significant'

The successful conclusion of a deal to co-manufacture jet engines by General Electric and India’s HAL could be a significant development for the India-US partnership, said former Indian Ambassador to the US Arun Singh, given the reluctance of previous administrations to transfer such sensitive technology to India

Note withdrawal may boost FY24 GDP: SBI

The ₹2,000 note withdrawal decision and response to it so far suggest that the move can help boost FY24 GDP growth to beyond the 6.5% estimated by the RBI, a report said on Monday

'Joint statutory audit will need liability framework'

NFRA chairperson says the move should be able to fix accountability

Byju's lays off 1,000 staffin latest round of job cuts

Edtech unicorn Byju’s has laid off around 1,000 employees in the past few days, multiple people aware of the development said, amid a tussle with lenders and a challenging fundraising environment

India, US close to settling seven trade issues out of court

India and the US are in advanced talks for an out-of-court settlement to resolve seven trade disputes at the World Trade Organization (WTO), and headway is expected soon, said a person aware of the development

Your office holds secrets that will help you work better

In his new book, 'Mint' columnist Harish Bhat talks about bringing more productivity and joy inside the office

Who's cracked the four-day workweek code?

A clear champion has emerged in the movement toward a four-day workweek-small businesses

How India Inc is trying to become more inclusive

With increased emphasis on diversity, equity and inclusion, companies are finding new ways to build a more supportive workplace culture

A reserve currency differs from one that payments are settled in

Its special characteristics of convertibility, usability and availability assure the US dollar a sustained role in global trade and commerce

Manipur deserves top attention-and peace

It speaks of New Delhi's neglect and perhaps also a big media failure that this state remains wracked by violence more than a month after its eruption. We must aim for a better balance

When does your PF stop accruing interest?

Once an EPF account becomes inoperative, no interest is credited further from that date. Until such time, interest will continue to accrue on the provident fund balance

Blinken in China to repair ties

While preparing for Secretary of State Antony Blinken's visit, China's leadership has had its sights on two sets of audiences other than the U.S

GST Council likely to vet CBIC's plan

The GST Council in its meeting next month is likely to consider CBIC's proposal to introduce additional validation in the GST return filing system to check evasion and fake input tax credit claims, a senior official said

Physics Wallah to buy stake in Xylem

Unicorn edtech firm Physics Wallah will acquire 50% stake in Kerala-based edtech firm Xylem Learning for ₹500 crore in phases over three years, a top official of the company said on Sunday

South, East drive FMCG sales, North hit by unseasonal rains

South and East India led demand for fast-moving consumer goods (FMCG) in May even as unseasonal rains dampened demand for several categories in north India, showed data from retail intelligence platform Bizom, which monitors FMCG sales across urban and rural retail outlets

Box office blues begin to hurt in-cinema advertising as well

In-cinema advertising witnessed a steep decline amid the continued sluggishness at the box office, especially in the Hindi-speaking belt. Trade experts said the lack of major star-studded titles, which typically attract top brands, is the primary factor behind the 30% fall in ad revenues, across multiplex chains and independent single-screen theatres

Lubrizol aims to make in India, for the world

Lubrizol, a subsidiary of Berkshire Hathaway, will invest $150 million in India, betting on its potential as a prominent manufacturing hub for the future, Lubrizol chief executive Rebecca Liebert said

Funding value jumps 4x on Amp Energy, Lenskart deals

The total value of private equity and venture capital deals in India surged nearly fourfold last week from the previous five-day period, thanks to a couple of large investments by private equity firms and several mid to small-sized transactions

Return of investor confidence lights up new-age companies' stocks

Investor confidence in some new-age stocks has improved significantly. One 97 Communications (Paytm) hit a 52-week high on Friday, while PB Fintech (Policy Bazaar) and Zomato were near similar levels earlier last week

Sebi defends its order against Zee Entertainment promoters

Zee Entertainment Enterprises Ltd chairman emeritus Subhash Chandra, and chief executive and managing director Punit Goenka, are involved in a multitude of schemes and transactions where large sums of public funds from listed companies have been diverted to private entities controlled by them, the Securities and Exchange Board of India (Sebi) said in an affidavit filed before the Securities Appellate Tribunal

TMRW to sign up investors ahead of IPO

Aditya Birla Group's direct-to-customer (D2C) startup TMRW is targeting a public listing over the next few years and plans to take its digital-first brands offline in a bid to make deeper inroads into the country's vast retail market