Mint Kolkata - December 31, 2024
Mint Kolkata - December 31, 2024
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In this issue
December 31, 2024
Reliance seeks premium for oil from KG block
Reliance Industries Ltd is seeking a premium of at least $3.5 per barrel over an international benchmark for crude oil it produces for eastern offshore KG-D6 block, according to the tender the firm put out on Monday.
1 min
Centre asks states to ensure land to install wind projects
States, in turn, are looking to consolidate unutilized government land for wind power projects
2 mins
Arai likely to divide PM E-drive upgrade funds among 4 agencies
The Automotive Research Association of India (Arai) is likely to spearhead the distribution of ₹780 crore earmarked for upgrading the nation's automotive testing infrastructure as part of the government's ₹10,900-crore electric vehicle (EV) subsidy scheme, two persons aware of the matter said.
1 min
Health, education seek budget boost
Industry leaders urged measures to boost investment, education and healthcare in a pre-budget consultation with finance minister Nirmala Sitharaman on Monday.
2 mins
Biden Announces $2.5 Billion Military Aid for Ukraine
President Joe Biden on Monday unveiled a $2.5 billion military aid package for Ukraine, as Washington races to provide assistance before Donald Trump takes office in a matter of weeks.
1 min
Donald Trump's Return Sparks Hope for 2025 Deals Revival
Dealmakers say less regulation, lower interest rates and rising stock markets could fuel activity
3 mins
Crafting Bharat: Deep-tech edition—with Fermbox Bio, at the forefront of precision fermentation
India's bioeconomy has witnessed phenomenal growth, surging from US$10 billion in 2014 to over US$130 billion in 2024.
3 mins
Wall Street expects gold to glitter again in year ahead after solid 2024
Few investments did better in 2024 than gold, which is wrapping up its best year since 2010 and one of its largest annual gains on record.
3 mins
Tumble in F&O volumes raises questions on where the money might have headed
In the past three months, the Nifty 50 has fallen 8.5% while the Nifty Smallcap 250 has dropped just 5%
2 mins
Capex plans, robust demand may keep KEI charged up
EI Industries Ltd is preparing to carry out its enhanced capital expenditure (capex) guidance. The cable and wire company recently completed a fundraise of ₹2,000 crore via a qualified institutional placement (QIP) at ₹3,800 a share. These funds are expected to help its balance sheet and support its greenfield expansion at Sanand in Gujarat, where it plans a ₹1,800-1,900 crore of capex (in phases) to increase its cable capacity.
1 min
Ashwin Sheth plans Bengaluru debut, sets sights on IPO
Real estate developer Ashwin Sheth Group is preparing to launch more than 10 housing projects in 2025 and mark its debut in Bengaluru, as it aims to tap the public market to finance its expansion plans.
2 mins
Cement price pain not over yet
Hit and miss
2 mins
Samhi gives old offices a luxury makeover
The hospitality firm is taking old offices on lease, turning them into hotels
2 mins
Indian Firms Raise Record Debt in 2024
Indian firms raised ₹10.67 trillion through the sale of bonds till 27 December, a 9% jump over 2023
1 min
SpiceJet's grounded planes to fly again
Budget carrier SpiceJet Ltd. aims to operationalize 30 Boeing 737 MAX aircraft, grounded for reasons ranging from payment default to lessors and component shortages, in the next 12-15 months as it seeks to expand its services.
2 mins
India Dream: Challenging
In Charts: India grappled with a slowdown, climate crisis, rising geopolitical tensions in 2024
2 mins
As Big As A Year Ends
prices, political shifts, global uncertainties and more. The challenges in its quest to become a developed economy
2 mins
Onitsuka Tiger Eyes India Manufacturing for Faster Growth
Onitsuka Tiger shoes were the official footwear for the Japanese delegation at the 1968 Mexico City Olympics
2 mins
Less than 10% of IT budget in new tech
Banks in India allocated less than 10% of their information technology budgets to emerging technologies this year, the Reserve Bank of India (RBI) has found.
2 mins
Rising confidence to fuel Indian economy
RBI's FSR pegs real GDP growth for the current fiscal year at 6.6%
2 mins
Jimmy Carter, Nobel Peace Laureate and Longest-Living US President, Dies at 100
In four-plus decades as an ex-president, Carter waged a worldwide campaign against war, disease and the suppression of human rights
10 mins
Senores Pharma has a strong debut
The shares of Senores Pharmaceuticals Ltd on Monday listed with a premium of over 53% against the issue price of ₹391.
1 min
BII to invest ₹650 cr in final tranche in M&M's EV arm
Automaker Mahindra & Mahindra Ltd (M&M) on Monday said British International Investment Plc (BII) will make a final tranche investment of ₹650 crore, as against earlier planned investment of ₹725 crore, in its electric vehicles (EV) arm.
1 min
Rupee slips to record closing low
The rupee slipped to its weakest closing level on record on Monday, pressured by a decline in the offshore Chinese yuan and broad-based dollar bids amid a prevailing bearish bias on the local currency.
1 min
Ikea's FY24 loss widens to ₹1,299 cr
Ikea India, a leading furniture and home furnishing retailer, reported widening of losses to ₹1,299.4 crore in FY24, according to an RoC filing by the company.
1 min
New Verification Facility for NEFT
The Reserve Bank of India (RBI) has asked the National Payments Corporation of India to develop a facility to allow customers using online fund transfer systems, RTGS and NEFT, to verify the name of the bank account to which money is being transferred before initiating the transaction for avoiding mistakes and preventing frauds.
1 min
Two Aeroplane Crashes Lead to Deadliest Year in Skies Since 2018
Passenger fatalities jump to 318 this year
2 mins
15 Awesome Stories You Shouldn't Miss
In 2024, we published over 200 Long Stories. Here's our recommended year-end list
7 mins
2024: The Year of Riddles for Both Markets and Life
Forecasting Nifty returns and box-office results is futile, enjoy the show as it unfolds
3 mins
Should NRIs deduct TDS on property sale?
Under India's income tax laws, any individual buying an immovable property (excluding agricultural land) from a resident seller must deduct TDS at 1% of the total consideration if the purchase price or stamp duty value is ₹50 lakh or more. The TDS is calculated on the higher of two values, not just the amount exceeding ₹50 lakh. This applies equally to both resident and non-resident buyers.
1 min
Should You Be Hiring a Consultant to Manage Credit Card Rewards?
From points to travel perks, why credit card consultancies are becoming a must, especially for high-spenders
5 mins
Will 2024 events set off a headwind or tailwind?
Old theories of social and economic cycles were back in discussion as politics and economics impacted each other over the past year. Expect the implications to begin unfolding in 2025
2 mins
AI cannot replace human instinct in decision-making
The advent of artificial intelligence (AI) has presented both unprecedented opportunities and complex challenges in the rapidly evolving landscape of decision-making.
3 mins
The recent deposit shortfall is a wake-up call for banks in India
They should treat depositors as business partners if they are to garner enough deposits for lending
3 mins
Apt spending must win our state-level fiscal tug-of-war
States must spend more on capital projects that can secure future growth than on freebies and subsidies
3 mins
Services offer a clear and speedy path to economic development
We must reject the false choice between supporting services and promoting manufacturing. Policymakers need to do both
3 mins
America Inc in 2025: Here are five significant forces to track
Change will range from rollbacks of diversity to CEOs' Trump ties
3 mins
In 2025, take smaller, consistent steps to a fitter you
Instead of framing a vague and ambitious fitness resolution, set a super-specific goal with a timeline and track it daily
3 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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