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Mint Mumbai

Vedanta Resources nears $3 billion refinancing deal

JPMorgan Chase and Standard Chartered to offer loan at higher interest rates

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3 mins  |
October 04, 2023
Why India Can't Live Without Dirty Coal
Mint Mumbai

Why India Can't Live Without Dirty Coal

Despite the bad optics, India needs to keep burning coal and open up more mines

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7 mins  |
October 03, 2023
'Focus On Metaverse, GenAl Result Of Rising Demand'
Mint Mumbai

'Focus On Metaverse, GenAl Result Of Rising Demand'

Tech Mahindra, the IT services major, is betting on emerging technologies like generative artificial intelligence, quantum computing, metaverse, and more, to tap into new growth opportunities across customer industries.

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3 mins  |
October 03, 2023
How Relationships Can Impact Your Well-Being
Mint Mumbai

How Relationships Can Impact Your Well-Being

The quality and variety of relationships in your life can play a role in strengthening your immunity, speeding up recovery from illnesses

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4 mins  |
October 03, 2023
China Plus One: Will The Dragon Now Make Way For The Elephant?
Mint Mumbai

China Plus One: Will The Dragon Now Make Way For The Elephant?

We must double down on our strategic advantages as the West looks towards India as a friend-shoring supply chain partner

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3 mins  |
October 03, 2023
Our mindsets need to change in sync with evolving technology
Mint Mumbai

Our mindsets need to change in sync with evolving technology

Else, like hapless generals in World War I, business leaders might be left fighting yesterday's battle

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3 mins  |
October 03, 2023
A weak monsoon won't alter RBI's basic outlook
Mint Mumbai

A weak monsoon won't alter RBI's basic outlook

A shortfall in rainfall raises inflation risks even as crude oil prices add pressure. India's central bank is unlikely to shift policy course. It cannot afford to signal a premature pivot

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2 mins  |
October 03, 2023
Mint Mumbai

How buying a new home can save you capital gains tax on shares, MF

Long-term capital gains on shares, MFs, gold will be exempt from tax if used to purchase a residential property

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4 mins  |
October 03, 2023
Ukraine's allies worry after US withdraws aid
Mint Mumbai

Ukraine's allies worry after US withdraws aid

European officials feel the move may embolden Putin, other aggressors

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2 mins  |
October 03, 2023
Outlet malls, where India's discount hunters meet top brands
Mint Mumbai

Outlet malls, where India's discount hunters meet top brands

Real estate developers across India are embracing the concept of outlet malls, inspired by the success of similar models in the West, offering clothing and footwear at discounted rates as brands seek avenues to liquidate stocks.

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2 mins  |
October 03, 2023
Pre-pack rescues stall over fear of voluntary haircuts
Mint Mumbai

Pre-pack rescues stall over fear of voluntary haircuts

Only four companies have been through the PPIRP route since its introduction in 2021

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3 mins  |
October 03, 2023
'Japanese companies hope for policy stability in India'
Mint Mumbai

'Japanese companies hope for policy stability in India'

Abrupt policy changes pose difficulties in doing business, and Japanese firms are looking for policy stability in India, Takuro Horikoshi, the chairman and managing director of Sumitomo Corp. India Pvt. Ltd, said, in the backdrop of India restricting laptop and tablets recently.

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3 mins  |
October 03, 2023
Ex-SoftBank executive sets up stablecoin to dodge inflation
Mint Mumbai

Ex-SoftBank executive sets up stablecoin to dodge inflation

Akshay Naheta, a former SoftBank Group Corp. executive who steered some of the firm's biggest deals, is launching a new company in Abu Dhabi focusing on stablecoin technology.

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2 mins  |
October 03, 2023
US tech cos to rally on results: Goldman
Mint Mumbai

US tech cos to rally on results: Goldman

US technology stocks may be about to turn a corner after the Nasdaq 100's biggest monthly decline this year, according to strategists at Goldman Sachs Group Inc.

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1 min  |
October 03, 2023
Mint Mumbai

Sep quarter may make barely a ripple for IT

If you are looking for fireworks in the September quarter earnings (Q2FY24), then don't look at the information technology (IT) sector. The narrative for the second quarter (Q2) has not changed much versus the recent quarters. Technology companies are poised to clock muted revenue growth despite a robust deal pipeline. Slowerthan-anticipated ramp-up or conversions of existing deals would cap a sharp revival in revenues in the near future.

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2 mins  |
October 03, 2023
Poor monsoon clouds sugar, rice horizon
Mint Mumbai

Poor monsoon clouds sugar, rice horizon

India recorded the weakest monsoon rains in five years, increasing the risk to crops and raising the chances of longer curbs on exports of farm commodities such as sugar, rice and wheat.

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1 min  |
October 03, 2023
'Focus on implementing G20 declaration'
Mint Mumbai

'Focus on implementing G20 declaration'

A virtual meeting of G20 heads of state in November will focus on implementing the Delhi declaration and proposals from a three-day meeting of the group's finance ministers and central bank governors this month in Morocco, G20 sherpa Amitabh Kant said in an interview.

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2 mins  |
October 03, 2023
Oil firms struggle for rigs as crude spike sparks shortage
Mint Mumbai

Oil firms struggle for rigs as crude spike sparks shortage

Companies world over try to cash in on higher crude prices, leading to an acute scarcity

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3 mins  |
October 03, 2023
Air India eyes hub in south, to augment ops in Mumbai
Mint Mumbai

Air India eyes hub in south, to augment ops in Mumbai

Air India Ltd is planning its second hub in the à country at an airport in south India as it works to strengthen international and domestic operations and maximize network utilization, two executives aware of the plans said. Currently, the airline's only hub in India is in New Delhi.

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2 mins  |
October 03, 2023
Nobel in medicine goes to mRNA covid vaccine researchers
Mint Mumbai

Nobel in medicine goes to mRNA covid vaccine researchers

Katalin Kariko and Drew Weissman won the . Nobel Prize in Physiology or Medicine on Monday for work on messenger RNA (mRNA) technology that paved the way for groundbreaking covid-19 vaccines.

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3 mins  |
October 03, 2023
Mint Mumbai

VIP Inds promoters explore stake sale

The transaction, including an open offer, could be worth $1 bn

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2 mins  |
October 03, 2023
A selective OTT ban will impose too heavy a cost on the country
Mint Mumbai

A selective OTT ban will impose too heavy a cost on the country

Such a mechanism proposed by TRAI will be hard to implement and potentially violative of Constitutional rights as well

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3 mins  |
October 02, 2023
How this IT couple tackled a crisis on their path to financial security
Mint Mumbai

How this IT couple tackled a crisis on their path to financial security

Bengaluru-based family sought the help of a registered investment advisor to close in on its financial goals

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5 mins  |
October 02, 2023
Mint Mumbai

US averts shutdown of govt with funding bill

This buys both the parties time to negotiate longer-term federal funding

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1 min  |
October 02, 2023
Mint Mumbai

Govt to finalize model for SCL modernization by year-end

A call will be taken on which direction SCL will go, either R&D fab or a commercial fab

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1 min  |
October 02, 2023
Novo, Torrent may widen tie-up
Mint Mumbai

Novo, Torrent may widen tie-up

Talks have started at a time Novo Nordisk is looking to launch its weight-loss drug Wegovy in India by 2026

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2 mins  |
October 02, 2023
Mint Mumbai

'Prime Video invests heavily in original content in India'

India is one of the top markets worldwide for Amazon’s video streaming service Prime Video, and among the two markets where it disproportionately invests in local content, said Kelly Day, vice-president of international business at the company

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3 mins  |
October 02, 2023
'No need for India listing; will sustain growth momentum'
Mint Mumbai

'No need for India listing; will sustain growth momentum'

Digital travel agency MakeMyTrip, which competes with Mumbai-listed peers EaseMyTrip and Yatra, had made its debut on the Nasdaq in the US back in 2010

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3 mins  |
October 02, 2023
Mint Mumbai

When World Cup brings a windfall

After twelve years, the cricket world cup tournament is returning to India

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2 mins  |
October 02, 2023
Mint Mumbai

Accenture results leave IT investors between hope and despair

Accenture's revenue for the quarter ending August (Q4FY23), deal bookings and FY24 revenue growth guidance point to a long recovery path for the Indian information technology (IT) sector

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2 mins  |
October 02, 2023