Mint New Delhi - January 10, 2025
Mint New Delhi - January 10, 2025
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In this issue
January 10, 2025
Fertilizer subsidy likely to stay at current level in FY26
Govt may stick to the allocation, as subsidy utilization in FY25 has followed anticipated trend
2 mins
Inflation Likely to Have Eased to 5.3% in Dec: Mint Poll
India's retail inflation likely moderated to a four-month low of 5.3% in December, down from 5.5% in November, driven by the seasonal decline in food prices, according to the median estimate of 25 economists in a Mint poll.
1 min
Maha Kumbh: A feast for digi-fraudsters
Two weeks ago, the police booked four men operating fraudulent accommodation booking websites
1 min
E-way bill generation rebounds, signalling supply chain revival
The issuance of electronic permits, or e-way bills, required for shipping goods within and across states—a key indicator of economic activity—rebounded in December to 112 million, up from a five-month low of 101.8 million in November, according to GSTN, the platform that processes Goods and Services Tax (GST) returns.
1 min
Disparity in gold import numbers resolved, say officials
The government has found and resolved data discrepancies over gold imports, reducing the trade deficit in November from the previous $37.8 billion to about $32.8 billion, people familiar with the matter said on condition of anonymity.
1 min
Tata Capital Healthcare Fund bets on Harsoria
Tata Capital Healthcare Fund, the healthcare and life sciences-focused private equity arm of financial services company Tata Capital Ltd, said Thursday it has invested in medical devices manufacturer Harsoria Healthcare Pvt Ltd.
1 min
Health is wealth: Investors tell startup founders, heads
Several board members and investors are pushing for more balance between work and life
3 mins
Realty to see mixed Q3, hectic Q4
The residential realty market is in an upcycle, yet real estate companies' December quarter (Q3FY25) results would bring selective cheer.
2 mins
Why Manappuram Ended Flat Even After Lifting of MFI Ban
Manappuram Finance Ltd stock rose 5.5% in early trade on Thursday after the Reserve Bank of India (RBI) lifted restrictions on its microfinance arm, Asirvad Micro Finance Ltd (AMFL), with immediate effect.
2 mins
NHPC Keen To Buy PTC India Stake
Although there was a rethink in the government in 2023 over stake sale, talks have picked up in the past few months
1 min
Asset Class Diversification Is More Crucial Now Than Ever
Two decades ago, investing mostly meant parking money in fixed deposits, property, or maybe equities, leaving little room for diversification—spreading investments across various asset classes.
2 mins
The top sectors to invest in this year, according to AI
Many experts say tools like AI should be used by investors not to replace financial advisers but to augment them
3 mins
Beyond Snack raises $8.3 million in Series A funding
Snacking brand Beyond Snack has raised $8.3 million in a Series A funding round led by 12 Flags Group, a consumer-focused fund set up by Rakesh Kapoor, the former global chief executive of Reckitt Benckiser.
1 min
Global Alcohol Cos Demand $466 Mn From Telangana In Payments Row
Telangana owes unpaid dues of about ₹4,000 cr to whisky and beer firms, people from the industry said
2 mins
Madhya Pradesh High Court Clears Path for Religare AGM
Burman family, which owns about 25% of Religare, has been pushing to remove Saluja, despite the board backing her
2 mins
CCPA to strike cos with class action over quality concern
The top consumer watchdog seeks to curb substandard products flooding retail markets
2 mins
Mercedes to expand in smaller cities
Germany's Mercedes-Benz, fresh off a year of record sales in India, plans to add another 20 dealerships or service outlets in 2025, mainly in smaller cities where young, well-travelled business owners are indulging in luxury goods.
1 min
India Inc.'s earnings blues may continue into third quarter
Overvaluation concerns and shifting global market sentiment likely to keep growth subdued
2 mins
No resolution in sight for Dunzo as Biswas moves to Flipkart
Dunzo is swamped with liabilities of about $70 million and still has 30-40 full-time employees, as per reports
2 mins
Market May Turn Rough As FPI Shorts Hit 7-Month High
NSO's Sobering Growth Estimate Came Amid A Slowdown In Urban Demand And Lower Govt Spending
1 min
Emami eyes wider male grooming market
Emami Ltd, the consumer company that sells Zandu and Navratna ayurvedic products, has renamed its almost two-decade-old male grooming brand as it plans to tap a wider market that is set to expand to ₹32,000 crore over the coming years.
1 min
Swiggy adopts hybrid app strategy to grow
Launches stand-alone apps for Instamart, while retaining unified platform
3 mins
Vijay's exit tests Tamil films' star culture
As audiences favour strong narratives, Tamil film has a chance to reinvent itself if it sheds its star-centric legacy
2 mins
Israel's defense industry booms on foreign demand and war at home
Israel's defense industry is on track to sell more weapons than ever in its history after a year marked by war
4 mins
Assam mining tragedy: Rescue operations on for fourth day
Rescue operations by multiple state and central agencies continued for the fourth day on Thursday to locate trapped miners inside an illegal rat-hole coal mine in Dima Hasao district of Assam, officials said.
1 min
Well-poised for 700 hotels by '30: IHCL
(IHCL) on Thursday said it is \"well poised\" to achieve the portfolio of 700 hotels by 2030 under its \"Accelerate 2030\" strategy.
1 min
Earthquake-hit Tibet calls off search
Authorities moved more than 45,000 people in Tibet to shelters in a massive rescue operation near the foot of the Himalayas, as they wound down the search in a high-altitude environment where the odds of survival were always slim.
1 min
Adani group to sell 20% in Wilmar JV
Adani Group plans to sell a stake of up to 20% in Adani Wilmar amid plans to exit.
1 min
HMPV Is Not a New Pathogen in India
India saw more than 200 cases of Human Metapneumovirus (HMPV) cases between January and December last year, senior government scientists said, emphasizing that the virus is not a new pathogen and there was no cause for concern.
1 min
Centre to regroup about 1,200 medical devices for uniformity
The current size of India's medical devices sector is about $11 billion
1 min
RBI Chief Seeks To Improve Forecasts
Reserve Bank of India's (RBI) new governor Sanjay Malhotra has initiated a review of the central bank's inflation and growth forecasting tools to minimise projection errors, four sources said.
1 min
NRAI to take action on Zomato, Swiggy
Opposing \"private labelling\" by Zomato and Swiggy and their recent foray into quick commerce food delivery via separate apps, restaurant body National Restaurant Association of India (NRAI) on Thursday said it will file complaints with \"relevant regulatory authorities\" and initiate legal action to prevent them from monopolising the market.
1 min
Centre to give LPG subsidy to oil PSUs
The government is likely to provide a subsidy of ₹35,000 crore to state-owned Indian Oil Corporation Ltd (IOC), Bharat Petroleum Corporation Ltd (BPCL), and Hindustan Petroleum Corporation Ltd (HPCL) to make up for losses they incurred on selling the fuel this fiscal, people aware about the development said.
1 min
Eli Lilly to Set Up GCC in Hyderabad
Pharma major Eli Lilly and Co. on Thursday said it plans to establish a new global capability centre (GCC) in Hyderabad and hire over 1,000 people to strengthen its digital strategy and service delivery.
1 min
Bank officers' union warns of strike
Bank officers' union AIBOC on Thursday threatened to go on a nationwide strike on 24-25 February to press for their various demands, including a five-day work week and adequate recruitment in all cadres.
1 min
Cutting Through the Clutter: Key Focus Areas for Retail Investors in 2025
Remember that social media is for fun, and not serious topics such as personal finance advice
3 mins
MFD, RIA, RA: Explore your career as a financial adviser
Understand the earning potential, licensing and compliance to choose your best suited path
4 mins
Health insurance claims: How to ensure grievance redressal
My health insurer recently rejected my claim, citing my inability to provide key internal hospital papers that they require. Despite having submitted all other necessary documents, they are insisting on these specific papers, which I am unable to obtain from the hospital. I believe my claim is valid and that I have complied with all the necessary documentation required. What are my options to ensure that my grievance is handled fairly and my claim is reconsidered? -Name withheld on request
2 mins
Wealth tax: Let's judge it by principles of taxation
Tax canons laid down by Adam Smith remain relevant, though his list has been extended. Test the idea of a wealth tax against these, lest we get carried away by progressive idealism
2 mins
Hacked in 2024? India's privacy rules require you to take action
Draft digital personal data protection rules demand that data breaches be reported retrospectively
3 mins
A Boycott of Costco for Its DEI Efforts Is Not Likely to Succeed
The US retailer has a loyal base of shoppers that it's unlikely to lose
3 mins
Art, music, food and winter chill
A Mint guide to what's happening in and around your city
1 min
Repeat your outfits to go with anti-algorithm style
There is an old-school charm to repeating clothes, and for fashion to be truly sustainable, it is all the more essential
3 mins
Alcohol-free booze options abound for dry January
A tilt towards healthier lifestyles around the world has stirred the demand for non-alcoholic drinks
3 mins
Mint New Delhi Newspaper Description:
Publisher: HT Digital Streams Ltd.
Category: Newspaper
Language: English
Frequency: 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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