CATEGORIES

India's Vostok plan slows as US firms skip Russia

India’s plans to invest in a massive Rosneft project in Vostok have stalled as American consultants who conduct third-party studies and due diligence stay off the sanctions-hit Russian Federation, two officials aware of the development said.

Sebi proposes new high-risk MFs for wealthy investors

The Securities and Exchange Board of India (Sebi) has sought inputs from members of the Association of Mutual Funds in India (Amfi) on a proposed new mutual fund category targeted at wealthy investors with high-risk appetite, two people familiar with the development said.

Blood on street for sixth day in a row

FPIs continue to sell; HDFC Bank leads fall in benchmarks

The Digital Economy In India May Not Be Such An Unmixed Blessing

Cases like the rise and fall of Byju's show that e-businesses have classic economic realities to face as the covid shock wears off

Gaming, Gambling Firms Sent Notices For ₹1 Trn GST Dues

Online gaming platforms and casinos have been sent show-cause notices to reclaim over ₹1 trillion in goods and services tax (GST), but the recovery of the amount will depend on what the Supreme Court decides on the dispute, a government official said on Wednesday.

The US Fed can help stabilize the market for Treasury bonds

America's central bank could reduce volatility if it wants to do so

Honda, GM scrap $5 bn plan to jointly develop cheaper EVs

Honda Motor and General Motors (GM) are scrapping a plan to jointly develop affordable electric vehicles (EVS), the companies said on Wednesday, just a year after they agreed to work together in a $5 billion effort to try to beat Tesla in sales.

Developing a school culture can do much to mould students well

The NCF lays special emphasis on it to foster a good learning environment and boost performance

India's growth must not be taken as inevitable

S&P Global Market Intelligence has published an impressive forecast for our economy in 2030, but policymakers must take care not to squander advantages of labour and capital

Israel targets southern Gaza

Hundreds of thousands had earlier fled to the region after Israel said it would attack the north to wipe out Hamas

A third of smartphone buying likely to be financed this year

In 2023, one-third of smartphone sales in India is projected to be financed, seeing a notable increase from 25% in 2022 and 18% in 2021, driven by brands offering attractive schemes in response to a surge in festive season purchases.

Daewoo eyes consumer electronics mkt

Daewoo is set to return to India but not as an automaker. In its new innings, the South Korean manufacturer of appliances and consumer electronics will offer power and energy storage solutions, and eventually expand its offerings to electrical products including kitchen and home appliances, besides e-bikes, a top company official told Mint on Wednesday.

TechM profit drops in worst quarter in 5 yrs

Net profit fell 29.3% sequentially, and by a whopping 62.5% from last year

OrbiMed raises $4.3 bn for seed, growth bets

Corpus to invest in healthcare, life sciences companies worldwide

Buyers' apathy, change in IBC spur Go First liquidation fear

All eyes on HC verdict, govt clarification; lenders to seek extension of the resolution deadline

NSE stock king of unlisted universe; monthly turnover tops $300 mn

Shares of the National Stock Exchange (NSE), India’s biggest bourse, are among the most sought-after among unlisted companies, with the average monthly turnover topping $300 million in off-market trading, wealth managers and investment bankers said.

Havells, Voltas trip on valuations

In a seasonally lean quarter, Havells India Ltd and Voltas Ltd’s air conditioner segments put up a good show on the revenue front in the September quarter (Q2FY24).

New EPF additions lower than in FY19

The number of new Employee Provident an indicator of new formal jobs -has recovered from the pandemic years but is yet to reach pre-pandemic levels, the National Statistical Office (NSO) said.

ADB okays $400 million India loan to improve urban services

The Asian Development Bank (ADB) has approved a $400 million policy-based loan to India, aimed at backing urban reforms by way of boosting infrastructure quality, providing assured public services and efficient governance systems, the multilateral development bank said in a statement.

India's steel use bucks global slump to rise 15% in first half

Infrastructure thrust drives consumption growth; steel production rises 13.6% in Hl

Govt appoints BCG to ready vision 2047 blueprint

The government has hired Boston Consulting Group (BCG) to help prepare the Vision 2047 document that will set India’s medium-term goals and priorities for becoming a developed economy in the next quarter of a century, two people aware of the development said.

FPI, retail outflows may extend stock market correction

Indian stocks extended their decline for a fifth straight session on sustained selling by foreign and retail direct investors amid rising bond yields in the US, the Israel-Hamas war, which is now threatening to engulf other countries, and rising crude prices. Market experts expect stocks to fall further.

Lower prices trigger fertilizer subsidy cut

Cabinet approves 22,303 cr fertilizer subsidy for winter crops

Meet Kishore Kumar Jena, India's other javelin star

Fresh off his high of winning silver at the Asian Games, Jena speaks to Mint about his extraordinary year

World Cup teams need to adapt tactics or perish

The World Cup's diverse venues are forcing teams to be adaptable in terms of tactics. This is why England is struggling and Afghanistan thriving

Amazon managers should not need face time for supervision

The company should reconsider its effort to force office attendance

Why the Israel-Palestine conflict is unlikely to end in our lifetime

Geopolitical interests are ranged against each other in such a way that the constituency for peace is left tragically powerless

The fast growth in non-housing personal loans ought to worry us

Explanations for the pace vary but any boom in credit-funded consumption should be a concern

Either repeal or revise the country's fiscal law

Instead of treating the FRBM Act's fiscal deficit cap as a quaint relic of times past, we must debate its basis. Post-covid times have been blurry, but clarity on policy constraints will help

How can we ensure the smooth transfer of property rights?

Intrinsically, there are two approaches to secure a smooth succession of immovable property in question to the intended beneficiary, your father.