CATEGORIES

Reforms for fractional private jet ownership, online tests on cards

The civil aviation ministry is working on finalizing a draft bill that focuses on reforms in the area of business jets, including allowing fractional ownership of operators in India, two officials aware of the development told Mint.

Govt trims open market sale price of rice

The Union government on Wednesday decided to lower the base price of rice being auctioned by the Food Corp. of India (FCI) under a scheme for bulk buyers, millers, processors and traders, after receiving muted response in the six auctions held so far.

'Tech import curb regressive, doesn't augur well for future'

Rakesh Mohan, a part-time member of the Prime Minister’s economic advisory council, has criticised the licencing requirement that the central government recently imposed on imports of computer hardware, calling the move “disturbing\" and “regressive.\"

Room rates go through the roof for long weekend

The upcoming long weekend has extended this year’s dream run for India’s hotel companies, with last-minute holiday planners shelling out at least ₹20,000 to spend a single night at any top five-star resort.

NIIF taps Russell Reynolds to find next MD & CEO

The National Investment and Infrastructure Fund Ltd (NIIF) has mandated global leadership advisory firm Russell Reynolds Associates to find the next managing director (MD) and chief executive officer (CEO) of India’s quasi-sovereign wealth fund, two people familiar with the development said.

Can India's Economy Overtake Japan By '29?

India can easily become the world's fourth largest economy by the end of this decade. But beating Japan will be tough

Covid Genomics Body To Meet Amid Rise Of New Variant Eris

The emergence of a new covid variant in several countries has put Indian scientists on alert, with the country's top covid genomics body set to discuss the evolving situation this week.

Women's Football World Cup: A tournament of equals

As Brazil and USA crash out, while Jamaica and Colombia succeed, the women's football world order is changing

India's bullseye at the World Archery Championships

Against the odds, India's archers broke through to claim three golds in Berlin. In an exclusive, the champions tell Mint how they did it

Will our new investment cycle be Keynesian or Schumpeterian?

Whether it's old industries or new that will see asset creation matters because their ideal supportive policy frameworks differ

It's time to double down on our digital expansion

India's internet coverage has expanded and successes been noted but we still have plenty of catching up to do with the rest of the world for our ambitions of a digital economy to be met

THE ESSENCE OF DIVERSIFICATION AND HOW IT HELPS YOUR INVESTMENT PORTFOLIO

We know that investors should not keep all their eggs in one basket. Instead, they should ensure that the portfolio is properly diversified. The rationale behind this goes a little deeper than just keeping the eggs in different baskets. Let us scratch the surface.

SoftBank sees $3.3-bn shock 1st-quarter loss

The firm saw share prices of major holdings drop, amid weakening of yen

'EESL may take legal action to recover street light dues'

State-run Energy Efficiency Services Ltd (EESL) is exploring various options, including legal action, to recover dues from urban local bodies (ULBs) across states under the Street Lighting National Programme (SLNP).

Hindalco Q1 profit falls 40% on lower revenue

Company expects raw material costs to fall further; capex plans on track

Astral Spirits aims to launch new brands in India

Astral Alcobev Pvt. Ltd, the importer of bottled-in-origin Slovakian ‘Skull X’ vodka and Italy-made ‘Skinny Witch’ prosecco brands, is looking to produce two new variants of its spirits now in India.

Maruti to buy Suzuki plant in Gujarat with shares, not cash

Issue of new shares for car plant will lead to equity dilution of around 4% for Maruti Suzuki

Tata Power plans pumped storage projects for ₹13K cr

Tata Power, the energy generation and distribution arm of the $300 billion Tata Group, has partnered with the Maharashtra government to establish two pumped hydro storage projects (PSPs) in the state, with a combined capacity of 2,800 MW.

Pepperfry co-founder Murty dies of cardiac arrest in Leh

Ambareesh Murty, 51, who passed away late Monday evening in Leh after suffering a cardiac arrest, was remembered as a key architect, mentor and resilient leader of furniture startup Pepperfry.

Kerala hospital in talks with PE cos

It is looking to raise ₹500 cr to fund its expansion plans

Loading delays at Mundra port are affecting trade, truckers complain

An association of over 15,000 truckers has written to the Centre seeking an end to delays in the allotment of containers that is pushing up the cost of the logistics at Mundra, India's largest container port.

Centre weighs resuming rice supplies to ethanol makers

Move comes amid worries that the government may fail to reach its ethanol blending target

Carlyle to buy 30% of Quest Global for $500 mn

Private equity (PE) giant Carlyle has agreed to acquire a significant minority stake in engineering services firm Quest Global, the two companies said on Tuesday.

Cos can move NCLT to lift veil on hidden beneficial owners

Companies can approach the National Company Law Tribunal (NCLT) to force disclosures from an individual suspected of significant beneficial ownership, or 10% of a company, but hidden behind layers of legal entities, the ministry of corporate affairs (MCA) said.

Rural loans, small biz see stress rising

Uneven rainfall, higher interest rates take a toll on borrowers

Death Claims: How Some Banks Still Pose Hurdles

A nominee of a bank account-savings or fixed deposit-is liable to receive proceeds from the said account on the demise of the account holder

Studying Neanderthals to understand back pain

Sitting hunched over our work desks for long hours has altered the shape of our spines, leading to weaker backs that are always in pain

Economists have reason to give industrial policy another chance

What was dismissed as lacking a solid economic foundation has been reopened for debate by recent studies on success stories

Democracy in Pakistan is still a question mark

Its internal army dominance makes it difficult to relieve resource allocation of a military calculus. Imran Khan's trial must get a fair review, just as its polls must reflect real choices

HOW NHAI PLANS TO DODGE A DEBT TRAP

India's premier highway construction body is in a race against time to monetize its assets and pare its debt