Mint Kolkata - December 19, 2024
Mint Kolkata - December 19, 2024
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In this issue
December 19, 2024
TVS Credit eyes bid for Avendus Capital
Mizuho, Nomura, Carlyle in race; deal may be finalized in Jan
2 mins
PSUs lock horns with pvt firms for IIT talent
India's state-run companies are going head-to-head with private tech to consulting giants to snap up talent from the nation's top engineering colleges this year, reflecting the desire among government-owned firms to strengthen and diversify their employee pool.
2 mins
GDP growth to accelerate to 6.6% in FY26: India Ratings
India Ratings and Research on Wednesday said that the country's economic growth is likely to accelerate to 6.6% in the financial year starting 1 April, from 6.4% it has projected for FY25.
1 min
Agri loan limit hike may ease bank stress
The Reserve Bank of India's (RBI) recent decision to raise the limit on collateral-free agriculture loans was likely taken to ease the stress being faced by banks in their farm loan portfolios over the past two quarters, and to nudge them to get their books in order.
2 mins
Tax relief for cos: SC says small coconut oil packs are edible oil
The Supreme Court (SC) on Wednesday ruled that coconut oil in small bottles of up to 200ml should be classified as edible oil for taxation purposes, resolving a 15-year-long legal dispute between the excise department and manufacturers.
1 min
Karnataka's planned mineral tax stumps iron ore miners
NMDC, Vedanta, Sandur—largest operators of pre-auction-era mines in state—to face brunt
2 mins
Bomb threats: Govt amends aircraft security rules
Against the backdrop of the recent spate of hoax bomb calls targeting airlines, the government has amended the aircraft security rules whereby perpetrators can face penalties and could even be barred from flying.
1 min
GIC picks majority stake in Asia Healthcare
GIC will invest an additional $150 million in Asia Healthcare Holdings ahead of a potential initial public offering
2 mins
GSV Ventures looks to invest in Indian edtech firms in 2025
The company had invested about $90 million in over 10 Indian startups till February 2023
2 mins
Welspun One plans to raise ₹4,000 cr
Logistics and industrial real estate manager and developer Welspun One on Wednesday said it plans to raise ₹4,000 crore to double its portfolio size to 32 million sq. ft by 2028 from the current 16 million sq. ft.
1 min
Sorenson, others put in $30 mn into Bureau
Bureau, a business-to-business (B2B) focused identity verification and fraud protection platform, has raised $30 million in Series B funding led by American venture capital firm Sorenson Capital, a top executive told VCCircle on Tuesday.
1 min
Alphabet's stock mojo is back with help from quantum tech
Alphabet Inc. is ending 2024 on a high, with a quantum computing breakthrough spurring a late-year stock rally—despite having no near-term commercial potential.
1 min
Rupee hits new low of 84.95 on merchant dollar bids
The Indian rupee hit its all-time low on Wednesday, pressured by strong dollar demand from importers and likely outflows from local equities, while intervention by the Reserve Bank of India curbed losses, traders said.
1 min
Dalmia Bharat on tough terrain as sectoral woes hurt
As the cement sector struggles with muted prices, some firms may feel more heat than others.
1 min
RBI dials down on NDFs to fight dollar
The central bank has started to rein in its ballooning non-deliverable forwards (NDFs) book, according to people familiar with the matter, shifting away from one of its key tools to push back against the strong dollar.
1 min
Shriram Fin raises $1.28 bn in record offshore loan
The loan adds to this year's rush of offshore debt sales by Indian shadow lenders after RBI tightened rules
1 min
One Mobikwik up 90% on debut
Shares of fintech firm One Mobikwik Systems Ltd had a dream stock market debut on Wednesday, ending with a huge premium of 90%, against the issue price of ₹279.
1 min
IDFC needs many stars to align
Cost pinch IDFC First Bank's elevated cost-to-income ratio and credit costs put pressure on its profit
2 mins
ABB buys Siemens Gamesa's power unit
Siemens Gamesa said on Wednesday that it is selling its power electronics arm to ABB, including its Indian assets for an undisclosed sum.
1 min
Diversity hiring from campuses rises
Companies in India are increasing diversity hiring for roles ranging from software development to mechanical engineering as they try to come across to investors and the public as forward-thinking entities with good corporate governance norms.
2 mins
Calculation error likely in India gold import data
A surge in gold imports that widened India's trade deficit to a record last month and pushed the rupee to an all-time low was due to an error in calculation, according to people with knowledge of the matter.
1 min
Nissan, Honda may gain in India from potential merger
Merger could align the cos' moves to collaborate in electrification and software development
2 mins
Nvidia introduces device aimed at small companies, hobbyists for AI use
Nvidia said Tuesday that it was introducing a $249 version of its Jetson computer for artificial-intelligence applications, half the price of its predecessor, to attract more hobbyists and small companies.
1 min
Production resumes at strike-hit Boeing units
Boeing Co. said it has resumed production across its range of aircraft programmes at factories in the Pacific Northwest after they were shut down for weeks because of a lengthy workers strike.
1 min
Acquisitions, new builds to fuel Chalet Hotels' expansion
The company is looking to capitalize on the hospitality sector's robust growth phase
3 mins
Bangladesh's new dawn is darkened by settling of old scores
When Bangladesh Prime Minister Sheikh Hasina was toppled in August in a student-led uprising, it was supposed to be a new dawn for the young country.
6 mins
Biden admin relaxes H-1B visa rules to hire foreign workers
The rule also extends certain flexibilities for students on F-1 visas seeking to change their status to H-1B
3 mins
Israel signals plans to control security in Syria buffer zone and Gaza
Netanyahu and his defense minister visit strategic Mount Hermon peak in Syria
4 mins
Direct taxes grow faster than budget estimate so far in FY25
Kitty swells 16.45% against full-year budget target of 13% to ₹15.8 tn so far this fiscal
1 min
ITC consolidates its Oberoi, Leela stakes
TC Ltd, which is demerging its hotels business from January 2025, on Wednesday said it has acquired shareholding of rival hospitality chains Oberoi and Leela from its wholly owned arm, Russell Credit Ltd.
1 min
Infosys inaugurates centre near Kolkata
IT giant Infosys on Wednesday inaugurated a development centre built at a cost of ₹426 crore at New Town near Kolkata.
1 min
Indian firms face fraud surge: PwC
Many Indian organizations faced financial or economic fraud in the past 24 months where procurement fraud emerged as the top threat, a PwC survey said.
1 min
Real estate attracts record investments
Institutional investment in Indian real estate rose 51% to a record $8.87 billion during 2024 as investors look to encash strong demand for housing, office and warehousing properties, according to JLL.
1 min
BofA's CEO says he's just getting started
As he turned 65, Bank of America Corp.'s Brian Moynihan took the stage at a town hall meeting and sent a jolt through the crowd, saying he wants to still be CEO when the stock eclipses $100.
1 min
Vishal Mega Mart up 43.50% on day 1
Shares of Vishal Mega Mart Ltd surged 43.50% in debut trade on Wednesday against the issue price of ₹78.
1 min
Yotta eyes $500 mn pvt credit to expand
Indian start-up Yotta Data Services Pvt. Ltd. is seeking to raise about $500 million to invest in its data center parks, according to people familiar with the matter.
1 min
MR POONAWALLA GOES TO BOLLYWOOD
Thirsty for growth, Bollywood's studios have been wooing non-film suitors, like the vaccine tycoon, for funding
3 mins
How to build a ₹5-cr nest egg with ₹1.5 lakh monthly salary
My cousin (35) earns ₹1.5 lakh per month and paid off a home loan. He invests ₹45,000 in mutual fund SIPs (Nippon Indian small cap, Mirae bluechip and PPFAS flexi-cap) a month; and ₹50,000 in National Pension System every year. How much more should he invest to build a ₹5-crore retirement corpus?
1 min
File wage details by January-end for higher pension
Retirement fund body, the Employees' Provident Fund Organisation (EPFO) has extended time till 31 January for employers to upload wages and other details regarding the 310,000 pending applications for pension on higher wages.
1 min
THE ROAD TO BETTER WEALTH MANAGEMENT STARTS WITH A CONSOLIDATED VIEW
Today's speed of digital spending and investing could lead to unthoughtful, costly mistakes
3 mins
Swiss tax shakeup: Effect on Indian investors, workers
Investors face tax hike on dividend starting January, following Switzerland's MFN suspension
3 mins
South Korea's political drama was worthy of applause
Its lawmakers were bravely joined by others to reject martial law and uphold democratic institutions
3 mins
Market losses and mistakes are two completely different things
A loss needn't be a mistake. What matters is whether the process of taking the decision was right
4 mins
An image makeover for palm oil would be good for us
The ecological impact of this affordable oil is lower and health benefits greater than often portrayed
3 mins
Can the Xi-Trump 'bromance' be revived? Else, ties may fray
Cordiality between the two leaders would favour both countries
3 mins
Refrain from judicial overreach: It'll strengthen India's judiciary
The suo motu powers of courts are essential to secure justice and the public interest but their overuse can have adverse results
3 mins
Cricket stories that read like tales told in a pub
Maxwell, also nicknamed 'The Big Show', dedicates 16 pages to the match against Afghanistan in the 2023 World Cup
4 mins
A new play weaves a story of love, longing and deceit
A new play by Amitesh Grover speaks of grief through the story of a woman who can make clay figurines come alive
4 mins
Mint Kolkata 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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