Mint Bangalore - January 28, 2025
Mint Bangalore - January 28, 2025
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In this issue
January 28, 2025
Draft rules notified for One Nation, One Time
The government on Monday notified rules to harmonize all Indian clocks with indigenous atomic clocks to lend the Indian Standard Time (IST) a \"millisecond to nanosecond accuracy\".
1 min
Govt to offer Bharat Dal at Mahakumbh
The Centre is planning to offer essential pulses like chana and moong under its Bharat Dal scheme at heavily subsidized prices to help feed the massive crowds at the Mahakumbh, two people aware of the matter told Mint.
1 min
Privatization plans of 9 PSUs on hold after opposition from ministries
Prime Minister Narendra Modi is pouring billions into ailing state-run firms after slowing ambitious divestment plans that were intended to reduce the role of the state in business, according to government officials and a document reviewed by Reuters.
2 mins
Capex Target Should Be Set At 3.1% Of GDP
GDP growth slowed to 6.0% in H1 FY25 from 8.2% in FY24, partly driven by a slump in capex
3 mins
Mphasis eyes stellar Q4, but a spanner is in the works
Mphasis Ltd is brimming with confidence. The tier-two IT services firm is eyeing its best sequential growth in 12 quarters in January-March (Q4FY25).
1 min
JSW to invest ₹2,600 cr in 2 Jharkhand copper mines
The JSW Group said on Monday that it has forayed into non-ferrous mining and will invest ₹2,600 crore in two copper mines in Jharkhand.
1 min
GCPL battles cost, demand woes
Hitting a wall Like other companies, GCPL too emphasized on slowing urban demand in India The household insecticides segment suffered owing to the relatively poor season
2 mins
Pharma stocks slide over Trump's relief fund freeze
Shares of Laurus Labs on Monday fell nearly 15% as the company's ARV sales make up about 46% of its total revenue
2 mins
Govt seeks aspirants to head Sebi as Buch's term nears end
The Ministry of Finance's Department of Economic Affairs has invited applications for the post of chairperson of the Securities and Exchange Board of India (Sebi) as the term of the current chair Madhabi Puri Buch is set to end on 28 February.
2 mins
InsuranceDekho Raises Fresh Funds
The startup is also expected to fast-track its IPO plans.
2 mins
Media giants join global lawsuit against OpenAI
The digital arms of three major news publishers—HT Digital Streams (HT Media), IE Online Media Services Pvt. Ltd (Express Group), and NDTV Convergence—along with industry body Digital News Publishers Association (DNPA) on Monday filed an intervention application in the Delhi high court in news agency ANI's copyright lawsuit against OpenAI.
1 min
MyGate to double revenue in FY25, eyes 30-50% growth year-on-year
Community management leader MyGate is banking on increased penetration in societies and advertising revenue to drive profitable growth in the next three to four years, a top company official told Mint.
2 mins
Cognizant info is online, we didn't steal it, says Infosys
Cognizant's definition of trade secrets quite broad, co ambiguous in identifying them: Infy
2 mins
Bombay HC pitches mediation in Lodha trademark dispute
\"The genesis appears to be between brothers -has any effort been made to resolve it,\" the court asked
1 min
Tata Steel blames China for dip in revenue despite selling more
Asia's oldest steelmaker Tata Steel blamed Asia's largest steelmaker China for a decline in its revenues during the third fiscal quarter ended 31 December.
1 min
IndiGo bets on overseas flights
By 2030, the airline plans to double in size and capacity for which it wants to use the A350 widebody aircraft
3 mins
RBI takes control from Aviom board
The Reserve Bank of India (RBI) on Monday superseded the board of affordable housing financier Aviom India Housing Finance Pvt. Ltd, citing governance concerns and defaults in meeting various payment obligations.
1 min
Southern films struggle in home states but triumph across Hindi belt
However, recently many southern films, such as Ram Charan's Game Changer and Suriya's Kanguva, underperformed
2 mins
InvAscent bets on geriatric care service provider
Healthcare-focused private equity firm InvAscent, which is raising its fourth fund and struck three new deals from the vehicle last year, has invested in a geriatric care service provider in its latest bet.
1 min
Aurea Group PE set to pump in $3-5 bn into beauty brands
The PE firm will remain focused on beauty and wellness, rather than diversifying into other sectors such as F&B
2 mins
Aviation growth could slow on supply woes, better road infra
The travel and tourism sector is expected to see double-digit growth in the coming years, with both domestic and outbound travel continuing to expand, Rajesh Magow, co-founder and group chief executive of online travel agency MakeMyTrip said.
1 min
Budget Needs to Rationalize Taxes for Hospitality Sector
Reducing GST, grant of infrastructure status key to reviving the sector, says industry leader
3 mins
Web-show sequels top streaming charts
New seasons of established web franchises like Mirzapur and Kota Factory are topping the charts on video-streaming platforms, mirroring a box-office trend where film sequels such as Stree 2, Gadar 2, and Bhool Bhulaiyaa 3 were big hits.
2 mins
BPCL's AP refinery to serve dual ambitions
Refining capacity to reach 50 mn tonnes with the new greenfield project
2 mins
Return-to-office mandates apply to everyone, except a chosen few
Millions of workers across the country are being given return-to-office marching orders.
4 mins
Trump aides want to hit Mexico, Canada with tariffs before talks
The 25% import levy on both the countries could go into place as soon as 1 February
5 mins
Kim Jong Un is doing everything he can to keep North Korea's youth in line
Kim Jong Un enjoys absolute power across North Korea and is regarded as godlike by his own people. But one threat appears to loom large for the 41-year-old dictator: disloyalty from his country's youth.
4 mins
Chinese and Indian diplomats call for warmer relations
The top diplomats of China and India called for their nations to provide further mutual support, but avoided publicly mentioning a long-standing border dispute in the Himalayas when they met Monday.
1 min
Zoho CEO Sridhar Vembu steps down
Sridhar Vembu has stepped down from the post to focus on the company's research and development initiatives as its chief scientist.
1 min
Q3 profit: Wilmar surges, ATGL slips
Adani Wilmar's Q3 profit rose on higher demand, while ATGL's declined on costlier gas.
1 min
UltraTech in talks to buy Heidelberg
UltraTech Cement is in advanced talks with German firm Heidelberg to acquire its Indian unit, Moneycontrol reported on Monday, citing people familiar with the matter.
1 min
Jaishankar embarks on 3-day UAE visit
External affairs minister S. Jaishankar on Monday embarked on a three-day visit to the United Arab Emirates (UAE) to further enhance India's comprehensive strategic partnership with the influential Gulf nation.
1 min
Budget 2025: Tax Sops, Higher Deposit Insurance Can Offer Support to Banks
Banking is struggling to reinvent itself in the face of rapidly scaling fintechs
2 mins
JPMorgan Names New Leaders in India
JPMorgan Chase & Co. has promoted two of its most senior dealmakers as co-heads of investment banking in India as the US lender seeks to strengthen its position in the market following the recent departure of Navin Wadhwani.
1 min
Uttarakhand Is The First State To Implement Uniform Civil Code
With the implementation of UCC, BJP has fulfilled a major commitment made to people of Uttarakhand ahead of the 2022 assembly polls
1 min
Rupee falls to 86.33 against the dollar
Rupee depreciated amid strong dollar demand and a muted trend in domestic equities.
1 min
SOCIAL MEDIA DEBT: BORROWING FOR THE 'GRAM
Desperate to look cool, young Indians are taking loans to fund a lifestyle curated for social media
9 mins
Insurance for All: Key Expectations from Budget 2025
Insurance sector reforms could ensure wider coverage, robust financial resilience
3 mins
Bitcoin slips below $100k as Chinese AI model rattles mkts
Bitcoin and other cryptocurrencies tumbled as the emergence of a new Chinese artificial intelligence model triggered a global selloff in riskier assets.
2 mins
The Extra Reward for Owning Stocks Over Bonds Has Disappeared
Little sign of crimped demand for equities among individual investors, who remain bullish after 2 years of gains
3 mins
Navigating DTAA rules for foreign income
Can I be considered a non-resident in India for this tax year? If not, what happens to my Dubai salary? Can I take the help of double taxation avoidance agreement provisions?
2 mins
Senior officers of the Army face a revised policy on promotions
Lieutenant generals will soon have an additional hoop to jump through before they get promoted
3 mins
Musk versus Altman: Act II of a Shakespearean drama
Their friction goes back to the foundational ideals of OpenAI but now both seem to have Trump's favour
3 mins
Social media influencers in India shouldn't escape accountability
Online misguidance is a menace. Platform owners and the government should create a framework of checks and balances
3 mins
Videos Generated by Chinese AI Models Have Startled Us All
China's low-cost GenAI breakthroughs signal a will to leap ahead
3 mins
Today's world is literally and metaphorically bipolar
India must focus on its economic rise in a world that has the US and China acting as rival poles of power
4 mins
Coming soon: a vaccine to help prevent cancer
Pharmaceutical giant GSK and the University of Oxford are creating a new cancer vaccine to prevent the disease from developing.
1 min
Finding health in good bacteria
Gut health awareness is growing in India, leading D2C companies to offer probiotic foods and supplements
2 mins
Mint Bangalore 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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