CATEGORIES

SpiceJet gets nod for fund infusion
Mint Mumbai

SpiceJet gets nod for fund infusion

No-frills carrier SpiceJet on Monday said it has received in-principle approval from the BSE for a ₹2,242 crore capital infusion in the airline.

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1 min  |
January 16, 2024
Lingering risks could play spoilsport for Petronet LNG
Mint Mumbai

Lingering risks could play spoilsport for Petronet LNG

Gas importer Petronet LNG Ltd has grabbed investors' attention lately with the stock rallying 17% in the past two months.

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1 min  |
January 16, 2024
Mint Mumbai

DMart's recovery stretches on

Avenue Supermarts Ltd's recovery has been painfully slow, testing the patience of its investors. The food & grocery retailer, running DMart supermarket chain, has been reporting lacklustre results for many quarters now.

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2 mins  |
January 16, 2024
Mint Mumbai

OneCard parent raises ₹120 cr debt from Alteria Cap

AIteria Capital, a venture debt fund, has invested ₹120 crore in mobilefirst credit card startup OneCard's parent FPL Technologies. It will use the capital to improve customer experience by developing innovative products with enhanced features and personalized offerings.

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1 min  |
January 16, 2024
Livspace plans India return, eyes 2025 IPO
Mint Mumbai

Livspace plans India return, eyes 2025 IPO

The firm reported revenue of nearly ₹1,100 crore in fiscal year 2023

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2 mins  |
January 16, 2024
PLI scheme eyed for critical minerals
Mint Mumbai

PLI scheme eyed for critical minerals

With an eye on China, the union government is likely to come up with a policy framework for critical mineral refining. Under the policy, the government may come up with an incentive scheme on the lines of the production linked incentive (PLI) scheme, said two people in the know of the development.

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1 min  |
January 16, 2024
Mint Mumbai

Goods trade deficit narrows in Dec due to higher exports

India saw a rise in exports of electronic goods, drugs and pharma, and iron-ore in Apr-Dec

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2 mins  |
January 16, 2024
Crashing parties to making friends: What Davos elites know
Mint Mumbai

Crashing parties to making friends: What Davos elites know

For a master class in power networking, it's tough to beat the one taking place in the Swiss Alps this week.

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4 mins  |
January 16, 2024
Cos to alert govt, act fast in personal data breaches
Mint Mumbai

Cos to alert govt, act fast in personal data breaches

Organizations that notice breaches of personal data may have to immediately alert users and flag them to the Data Protection Board, followed by a detailed filing within 72 hours. The government may release draft rules on the matter this week, a person aware of the matter said.

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3 mins  |
January 16, 2024
Tech backbone soon to connect IBC entities, quicken resolution
Mint Mumbai

Tech backbone soon to connect IBC entities, quicken resolution

The Centre is planning to build a common information technology (IT) backbone linking various stakeholders of the corporate turnaround ecosystem to improve the efficacy of debt resolution, two people aware of the matter said.

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2 mins  |
January 16, 2024
Bharat Expo revs up, may become an annual affair
Mint Mumbai

Bharat Expo revs up, may become an annual affair

Top automakers from India and abroad are expected to turn up at the three-day Bharat Mobility Global Expo, the industry's newest coming-out party that may turn out to be an annual affair, multiple industry executives said.

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3 mins  |
January 16, 2024
For 250 mn poor, living standards get better
Mint Mumbai

For 250 mn poor, living standards get better

Close to 250 million Indians escaped multidimensional poverty in the nine years ending 2022-23, federal policy think tank Niti Aayog said on Monday, referring to an index it uses to track the various ways that economic poverty affects life.

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2 mins  |
January 16, 2024
Bankers gloomy as RBI scans salaries
Mint Mumbai

Bankers gloomy as RBI scans salaries

Despondency boardrooms stalks and corner offices of private banks, as the regulator keeps top-level compensation under its thumb to prevent risk-taking of the kind that led to the global financial crisis of 2007-08. In several instances, the Reserve Bank of India (RBI) has refused to approve a pay hike, delayed approving higher remuneration or even directed an outright pay cut.

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3 mins  |
January 16, 2024
Mint Mumbai

IT sets Street afire: indices at life highs

HDFC Bank, Reliance Industries support Monday's market rally

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2 mins  |
January 16, 2024
A blueprint for designing a greener office
Mint Mumbai

A blueprint for designing a greener office

Prioritizing sustainability while planning workplaces is key for several reasons

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2 mins  |
January 15, 2024
RBI's new regulatory framework relies on significant self-policing
Mint Mumbai

RBI's new regulatory framework relies on significant self-policing

The broad goal is to not only enable early risk recognition and mitigation but also reduce the regulatory burden for everyone

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3 mins  |
January 15, 2024
'After me the flood' has not marred our budgets
Mint Mumbai

'After me the flood' has not marred our budgets

India has largely been fiscally responsible and our post-pandemic economy requires us to maintain that record. Sitharaman's interim budget of 1 February should make that clear

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2 mins  |
January 15, 2024
Varshney: Sebi is not against short selling
Mint Mumbai

Varshney: Sebi is not against short selling

He warned that naked short selling couldn't be permitted in India

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2 mins  |
January 15, 2024
'Corporates are investing through cash accruals'
Mint Mumbai

'Corporates are investing through cash accruals'

Cash is not going out to repay bank loans, but to fund the business, says K.V. Kamath

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3 mins  |
January 15, 2024
BUYING HOMES: WHY TAX POLICIES NEED A TWEAK
Mint Mumbai

BUYING HOMES: WHY TAX POLICIES NEED A TWEAK

Current terms encourage speculation in real estate, which doesn't work well for those looking to buy homes to live in

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8 mins  |
January 15, 2024
RBI governor raises red flag on model-based lending
Mint Mumbai

RBI governor raises red flag on model-based lending

Shaktikanta Das was the keynote speaker at the Mint BFSI Summit and Awards 2024

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3 mins  |
January 15, 2024
Mint Mumbai

Centre to offload 300,000 tn wheat for subsidized atta sale

Food Corporation of India (FCI) will allocate 300,000 tonnes of wheat to three government agencies in January, which will convert the grain into flour and sell it to consumers at a subsidised rate under the Bharat Atta brand to battle inflation, Union food secretary Sanjeev Chopra said.

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1 min  |
January 15, 2024
Mint Mumbai

King Frederik X takes Danish throne

Denmark's King Frederik X ascended the throne on Sunday, succeeding his mother, Queen Margrethe II, who formally abdicated after 52 years as monarch, with big crowds gathered in the capital to witness history.

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1 min  |
January 15, 2024
'US doesn't support Taiwan independence'
Mint Mumbai

'US doesn't support Taiwan independence'

President Joe Biden said the US did not support independence for Taiwan, after voters there defied China and returned the governing Democratic Progressive Party which has sought to limit Beijing's influence - to a third consecutive term.

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1 min  |
January 15, 2024
After 100 days, the Israel war threatens to spill beyond Gaza
Mint Mumbai

After 100 days, the Israel war threatens to spill beyond Gaza

The conflict has swung from a brutal Hamas attack to Israel's ferocious retaliation with no end in sight

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5 mins  |
January 15, 2024
Release date changes hit exhibitors, producers down south
Mint Mumbai

Release date changes hit exhibitors, producers down south

Southern language films such as Vikram’s Thangalaan, Dhanush’s Captain Miller and Mohanlal’s Malaikottai Vaaliban faced multiple changes in release dates over the past months, causing challenges for exhibitors who plan schedules in advance.

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2 mins  |
January 15, 2024
Realty wants sops, affordable housing push
Mint Mumbai

Realty wants sops, affordable housing push

Following a year of exceptional sales growth for the residential sector, the real estate industry believes some additional measures could help sustain the momentum.

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2 mins  |
January 15, 2024
Kirloskar Ind files fresh affidavit vs Kirloskar Brothers
Mint Mumbai

Kirloskar Ind files fresh affidavit vs Kirloskar Brothers

Kirloskar Industries Ltd (KIL) has filed a fresh affidavit before the National Company Law Tribunal (NCLT) against Kirloskar Brothers Ltd, disputing statements made by the latter in a recent affidavit regarding a six-year-old case between the factions.

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1 min  |
January 15, 2024
2024 to see unprecedented foreign inflows: Khemka
Mint Mumbai

2024 to see unprecedented foreign inflows: Khemka

India has historically traded at a premium compared to the rest of the emerging markets (EMs), and Prashant Khemka, founder, WhiteOak Capital Management, as he breaks the myth on why India might be in a sweet spot going ahead, too.

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3 mins  |
January 15, 2024
Mint Mumbai

Fog delays 100 flights at Delhi airport

A thick blanket of fog in Delhi since the early hours of Sunday led to the diversion of about 10 flights to Jaipur; also, more than 300 flights were delayed at the Delhi airport, the busiest and largest airport in India.

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1 min  |
January 15, 2024