Mint Mumbai - January 03, 2025
Mint Mumbai - January 03, 2025
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In this issue
January 03, 2025
BharatPe to sell up to 25% in Unity SFB, hires Rothschild
New-age non-bank lender BharatPe is looking to sell anywhere between 10% and 25% stake in Unity Small Finance Bank, depending on buyer interest, two people with knowledge of the development said.
2 mins
Mfg engines cool, casting doubts over growth track
The pace of business activity in India's manufacturing sector is slowing, dimming hopes for those rooting for a sharp rebound in gross domestic product (GDP) growth.
2 mins
Street Show Kindles Hopes for New Year
Focus on earnings growth, implications of Trump presidency
3 mins
Apex drugs regulator proposes steps to check spurious drugs
The Central Drugs Standard Control Organisation (CDSCO) plans to further tighten the screws this year on those making and selling spurious and substandard medicines, a widespread problem in India.
1 min
Dumping duty feared to delay projects
India doesn't have considerable solar glass production capacity and is dependent on imports
2 mins
Employment rose 36% to 643.3 mn in past 10 yrs: Minister
Union labour minister Mansukh Mandaviya on Thursday said employment in the country has increased by 36% to 643.3 million in 2023-24 from 471.5 million in 2014-15, which shows improvement in job creation during NDA period.
1 min
Centre sets up panel to reset current WPI series' base year
The move aims to make estimation of economic output adjusted for inflation more accurate
2 mins
Mkt leaders urge FM to take steps to improve liquidity
Industry leaders from the capital market and financial sector urged measures to boost liquidity in the market and cut taxes on fixed deposit products in pre-budget consultations with finance minister Nirmala Sitharaman on Thursday.
1 min
How UPI access will make digital wallet users' life easier
The initiative aims to incorporate PPIs into the UPI ecosystem to improve interoperability between players
2 mins
After US, India faces most cyber attacks
India emerged as the second most targeted nation in terms of cyber attacks in the world as 95 Indian entities came under data theft attacks in 2024, cyber intelligence firm CloudSEK said in a report.
1 min
Zaggle Eyes Three Acquisitions by Mar '26 to Fuel Growth
Zaggle Prepaid Ocean Services Ltd has zeroed in on three acquisition targets, a top executive told VCCircle, as the software-as-a-service fintech company looks to accelerate business growth after going public in late 2023.
2 mins
CCI's Apple Probe Confirms Anti-Competitive Practices
CCI will share the confidential version of its report with Apple to enable them to prepare
2 mins
Ranjan Pai's family office plans medtech platform
Claypond Capital, the family investment office of Manipal Hospitals head Ranjan Pai, is creating a medtech platform to bet on medical devices and medical technology companies, VCCircle has learnt.
1 min
Transactions via UPI up 8% in Dec: NPCI
Transactions through the popular Unified Payments Interface (UPI) touched a record 16.73 billion in December, recording a growth of 8% over the preceding month, according to data released by the National Payments Corporation of India (NPCI).
1 min
Nvidia's mkt value gets $2 tn AI boost in '24
Nvidia emerged as the biggest global gainer in market capitalization for 2024, driven by surging interest in artificial intelligence (AI) and the robust demand for its AI-centric chips across various industries.
1 min
Maruti's small cars revving again
Maruti Suzuki India Ltd's sales volume update for December sprung a positive surprise on small, entry-level cars, which saw 29% year-on-year growth to 62,324 vehicles.
2 mins
Banks Push RBI for FX Swap Amid Liquidity Crunch
Such operations could effectively inject rupee liquidity into the financial markets
1 min
Rupee expected to further weaken vs dollar in coming months
The rupee is expected to further weaken in the coming months as Trump's presidency strengthens the dollar, at least in the near term, experts said, adding that the central bank's interventions in the currency market are likely to ease.
2 mins
Sebi uncovers front-running case, cracks the whip again on Ketan Parekh
The regulator debarred Parekh from dealing in the securities market till further investigation is completed
2 mins
Indo Farm IPO gets subscribed 228x times
The initial public offering (IPO) of Indo Farm Equipment garnered a whopping 227.57 times subscription on the closing day of bidding on Thursday.
1 min
Market correction gives opportunities to buy, but valuations still high
The market is currently showing some signs of recovery, rebounding roughly 4% from its trough
2 mins
Hotels, travel agencies expect hill stations to see a tide of tourists
As the Republic Day weekend nears, executives at The Khyber Himalayan Resort & Spa, 8,825ft above sea level in Jammu and Kashmir's (J&K) Gulmarg, are preparing for a huge rush of tourists.
2 mins
Heritage to grow beyond South, boost value-added dairy items
Heritage Foods plans to expand beyond South India, where it draws the bulk of its revenue from, and launch more value-added products as demand for such items grows, a top official of the Hyderabad-based dairy company said.
1 min
EV players, Goyal to meet today, discuss infra-related issues
The government plans to install 10,763 public charging stations across the country under the FAME-II scheme
1 min
M&M, Tata Motors ride EVs to become first to win auto PLI
Govt okays ₹246 crore to be disbursed to the two firms—first since scheme was launched
2 mins
Office rentals to rise as demand surges
Mindspace REIT CEO Nair also expects interest rates to ease, paving the way for higher growth
2 mins
iBus eyes ₹2,000 cr in revenue, bets on digitization of buildings
Bengaluru-based iBus Networks is aiming for a revenue of ₹2,000 crore in the next four to five years, with Ebitda (earnings before interest, taxes, depreciation and amortization) of ₹500 crore, as it looks to become an infrastructure tech company by offering digital solutions for last-mile connectivity.
1 min
Sebi merges probes on Zee, Goenka, Chandra
The capital market regulator clubbed proceedings on Thursday against Zee Entertainment Enterprises Ltd (ZEEL), its chief executive Punit Goenka and former chairman Subhash Chandra over allegations of fund diversion and violation of disclosure requirements.
1 min
Ex-Maoists get capitalist hug with Lloyd Metals Esop issue
Recently, Lloyd looked to share ownership with its blue-collar workforce via stock options
3 mins
Bollywood actors dabble with niche roles to prove versatility
Top Bollywood stars were quite experimental in their choice of films in 2024, but without much success in their endeavours. They only ended up denting annual box office collections.
1 min
Air India seeks to extend its premium lead over IndiGo
AI plans to expand the business and premium economy offerings to 100 narrow-body aircraft
2 mins
U.S. Companies Vouched for China During Trump's First Term. Not Anymore.
The promise of China's market has faded as its once-booming economy hits trouble
4 mins
US Army veteran who killed 15 in attack in New Orleans was inspired by Islamic State
A US Army veteran who drove a pickup truck into a crowd of New Year's revellers in New Orleans, killing 15 people, had posted videos to social media hours before the carnage saying he was inspired by the Islamic State group and expressing a desire to kill, the president said.
4 mins
Big Retail Gets Bigger as Smaller Players Struggle in the U.S. Market
The Three Big Retailers Spent an Estimated $47 Billion on Capital Expenditures in 2023
3 mins
Morgan Stanley quits climate group
Morgan Stanley said it has quit a global climate-banking group, joining other Wall Street firms to have left an alliance designed to support the reduction of greenhouse-gas emissions.
1 min
Power demand shoots up amid cold wave across North India
With projections of the cold wave in Jan, the demand is expected to remain elevated
1 min
White-collar hiring up 9% in December
White-collar hiring activity in December witnessed a 9% increase compared to the same period of the previous year, driven by high-skill and strategic roles, a report said on Thursday.
1 min
151 Steel Standards Included in QCO
The government on Thursday said that 151 steel standards formulated by the Bureau of Indian Standards (BIS) have been incorporated in the Quality Control Order (QCO) so far.
1 min
Bhopal gas tragedy: Toxic waste moved
The authorities said on Thursday they had completed moving toxic waste from the site of the 1984 Bhopal gas leak disaster, which killed more than 5,000 people, to a disposal facility.
1 min
JK Lakshmi gets nod to merge with units
Leading bourses National Stock Exchange (NSE) and BSE have given consent to the merger of three subsidiaries into JK Lakshmi Cement.
1 min
Tesla Posts 1st Drop in Sales in a Decade
Tesla's global sales rose 2.3% in the fourth quarter after a sluggish start to the year that contributed to the electric car company's first year-over-year sales decline since at least 2015.
1 min
Over 700K sellers now on ONDC
Over 700,000 sellers and service providers have been onboarded on Open Network for Digital Commerce (ONDC) so far, the government said on Thursday.
1 min
Varun Beverages to invest ₹412 cr in arm
Varun Beverages Ltd (VBL), the leading bottler of PepsiCo, on Thursday announced to invest ₹412 crore in its South African subsidiary Beverage Co. Proprietary (Bevco).
1 min
DMart's Q3 revenue up 18% to ₹15,565 cr
Avenue Supermarts Ltd, which owns and operates retail chain DMart, has reported a 17.5% increase in standalone revenue from operations at ₹15,565.23 crore for the third quarter ended 31 December 2024.
1 min
Manu Bhaker, Gukesh among 4 athletes to receive Khel Ratna
Double Olympic-medallist Manu Bhaker and chess world champion D Gukesh were among four winners of the Major Dhyan Chand Khel Ratna award announced by the sports ministry, which also named an unprecedented 17 para-athletes in the list of 32 Arjuna awardees to honour their resounding success at the Paris Paralympics.
1 min
Is Quick Commerce Running Over Kirana?
Kiranas remain sizeable in number, but their footprint and influence on the economy has waned
7 mins
A 32-Year-Old's Journey From Modest to 10x SIP Investment
An early start, discipline have helped Navi Mumbai woman's portfolio to grow at 21% CAGR
4 mins
India Versus Global: A Balanced Approach for NRI Investors
NRIs should classify their goals into three categories: safety, stability and aspirations
2 mins
Should a CA buy professional indemnity insurance?
I am a newly qualified chartered accountant. I would like to start my own practice, which would focus on audit and advisory services. Would it make sense for me to buy professional indemnity insurance? How would it help?
2 mins
This year will be about Agentic AI making big waves
2025 will be the year of AI agents. The first article in my troika of predictions for 2025 focused on how English will be the new coding language, AI (artificial intelligence) the new UI (user interface), AI and humans the new creators, and how AI will create a new kind of customer (bit.ly/4fB6XBm).
3 mins
Predictions for 2025: It's best to take them with a bucket of salt
It's super easy to make forecasts but the truth is that nobody really knows how things will turn out
3 mins
In 2025, India must play the role of peacemaker
The New Year has brought a grim reminder of terror as a threat even as war rages in West Asia, Europe and elsewhere. India must push for UN reforms, global principles and peace
2 mins
The good, the bad, and the uncertainty of the year ahead
What impact will the next US administration have on economic growth and inflation?
3 mins
People's perceptions of public policy: Keep them on the radar
Public policy needs to be viewed from the lens of those whose interests it is ostensibly designed to serve: the people of India
3 mins
Three workplace trends have seen hype overtake the reality
Return-to-office, AI adoption and DEI dumping are all overhyped
3 mins
A Luxury Seven-seater Gets a Stylish Makeover
New tech features and exterior refinements enhance comfort in the Audi Q7 but some much-needed updates are missing
2 mins
Bringing Past to the Present
A Mint guide to what's happening in and around your city
1 min
'Little potato' tourism heats up China's northeast
Social media, novels and dramas have helped draw attention to Harbin, a frigid city near the North Korea border
3 mins
Mint Mumbai 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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