CATEGORIES

India's value retail can reach $170 bn by 2026
Mint Mumbai

India's value retail can reach $170 bn by 2026

This segment is set to grow at CAGR of 15% till 2026, says report

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2 mins  |
January 11, 2024
SpiceJet to use fresh funds to cut liability, expand network
Mint Mumbai

SpiceJet to use fresh funds to cut liability, expand network

SpiceJet's net liabilities stood at ₹12,584.9 crore as of September 2023, lower than ₹13,147.3 crore in June 2023

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2 mins  |
January 11, 2024
Govt working on clean ATF road map: Scindia
Mint Mumbai

Govt working on clean ATF road map: Scindia

The Centre is likely to start giving recommendations for SAF from 2027

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2 mins  |
January 11, 2024
Film-makers bank on sequels as original content disappoints
Mint Mumbai

Film-makers bank on sequels as original content disappoints

Major hits in Hindi and southern languages after the pandemic have been part of established franchises

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2 mins  |
January 11, 2024
Tata plans chip plant in Gujarat
Mint Mumbai

Tata plans chip plant in Gujarat

Tata Group is planning to build a huge semiconductor fab in Gujarat's Dholera, and it will begin operations in 2024 itself, Chandrasekaran chairman N. said on Wednesday.

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1 min  |
January 11, 2024
OVL opens GIFT City treasury hub to efficiently consolidate funds
Mint Mumbai

OVL opens GIFT City treasury hub to efficiently consolidate funds

ONGC Videsh Ltd has incorporated a wholly owned subsidiary called OVL Overseas IFSC Ltd in Gujarat’s GIFT City that will function as a treasury hub catering to OVL and its 25 subsidiaries, including step-down subsidiaries, across 15 countries.

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1 min  |
January 11, 2024
Amrut Distilleries to raise capacity in Bengaluru by 30%
Mint Mumbai

Amrut Distilleries to raise capacity in Bengaluru by 30%

Over the next few years, Amrut Whisky plans to sell its Indian malts across 75 countries, up from 57 at present

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1 min  |
January 11, 2024
Maruti plans ₹35,000 cr plant in Gujarat
Mint Mumbai

Maruti plans ₹35,000 cr plant in Gujarat

Maruti Suzuki India said it plans to have a production capacity of about 4 million vehicles by FY31

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1 min  |
January 11, 2024
'Adani group to invest ₹2 tn in Gujarat'
Mint Mumbai

'Adani group to invest ₹2 tn in Gujarat'

Richest Asian Gautam Adani on Wednesday announced a ₹2 trillion investment in Gujarat over the next five years, largely in setting up the world's largest clean energy project that will be visible even from space.

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1 min  |
January 11, 2024
RIL set to commission energy complex this yr
Mint Mumbai

RIL set to commission energy complex this yr

The complex will create jobs, and help Gujarat export green products

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2 mins  |
January 11, 2024
Investors buy gold bonds worth record ₹7,500 crore in Dec
Mint Mumbai

Investors buy gold bonds worth record ₹7,500 crore in Dec

Indian resident demand for sovereign gold bonds hit a record high of 12.1 tonnes, valued at ₹7,505 crore in the recently concluded third tranche last month, reflecting the robust demand despite equity markets ruling at record highs.

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1 min  |
January 11, 2024
ICICI leads rupee corporate bond mkt
Mint Mumbai

ICICI leads rupee corporate bond mkt

The central bank in September allowed lenders to include company notes in their held-to-maturity book

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1 min  |
January 11, 2024
Timely execution of large projects to power up SJVN's prospects
Mint Mumbai

Timely execution of large projects to power up SJVN's prospects

Shares of state-run power generation firm SJVN Ltd have performed impressively, gaining about 94% in the past six months to ₹91 apiece.

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2 mins  |
January 11, 2024
'In 2024, you'll see higher valuations for better companies'
Mint Mumbai

'In 2024, you'll see higher valuations for better companies'

Early-stage venture capital firm 8i Ventures, which has backed M2P Fintech, Slice and Blue Tokai, marked the first close of its $50 million second fund in 2022 via commitment from high-net-worth individuals and family offices of Salgaocar and DSP group's Kotharis.

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2 mins  |
January 11, 2024
Nuvama-Cushman JV to raise ₹3K cr for local investments
Mint Mumbai

Nuvama-Cushman JV to raise ₹3K cr for local investments

Nuvama Wealth Management's asset management division and global commercial real estate services company Cushman and Wakefield will join forces to invest in prime office space across high-growth markets in India.

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1 min  |
January 11, 2024
Actis starts 2024 with $229 million monetization plan
Mint Mumbai

Actis starts 2024 with $229 million monetization plan

Private equity firm Actis, which had a rather quiet 2023 in India after a hectic 2022 with deals worth over $1 billion, has started the New Year with its move to monetize its biggest bet in the country.

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1 min  |
January 11, 2024
Streaming, influencers tie up for ad-led model
Mint Mumbai

Streaming, influencers tie up for ad-led model

The idea is to cater to the youth, while adopting a cost-effective strategy

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2 mins  |
January 11, 2024
Estonia urges India to explore oil shale
Mint Mumbai

Estonia urges India to explore oil shale

India has looked at collaborations with Estonia in IT, block chain technologies, cyber security and other fields

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2 mins  |
January 11, 2024
India signs cooperation pacts with the UAE, Czech Republic
Mint Mumbai

India signs cooperation pacts with the UAE, Czech Republic

India signed a slew of bilateral cooperation agreements with the United Arab Emirates and the Czech Republic at the Vibrant Gujarat summit.

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1 min  |
January 11, 2024
Govt scraps $600 mn plan to top up strategic oil reserves
Mint Mumbai

Govt scraps $600 mn plan to top up strategic oil reserves

India's finance ministry has scrapped a ₹5,000 crore ($602 million) plan to top up the nation's strategic crude oil reserves, given market volatility and the prospect of a further decline in prices.

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1 min  |
January 11, 2024
Food processing likely to see budget cut as utilization falls
Mint Mumbai

Food processing likely to see budget cut as utilization falls

Ministry sees low expenditure in FY24 so far; may get a budgetary allocation of ₹3,087 crore

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2 mins  |
January 11, 2024
E-way bills rise as businesses push goods in December
Mint Mumbai

E-way bills rise as businesses push goods in December

The number of e-way bills or electronic permits for shipment of goods generated within and across states increased to 95 million in December, up from 87.5 million in November as businesses pushed goods into the supply chain in the last month of the third quarter.

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1 min  |
January 11, 2024
Stars to shine at Mint BFSI Summit and Awards today
Mint Mumbai

Stars to shine at Mint BFSI Summit and Awards today

Reserve Bank of India (RBI) governor Shaktikanta Das will deliver the opening keynote address at the Mint BFSI Summit and Awards on Thursday, flagging off a full day of intense deliberations, debates and conversations around the theme of financial wellness in a changing world.

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3 mins  |
January 11, 2024
Mint Mumbai

Zerodha entry lifts BSE's options game

Clients of India’s largest stock broker Zerodha are one of the driving forces behind BSE’s growing success in the derivatives segment since May 2023, after the exchange’s two decades of attempts to gain market share went in vain, people aware of the matter said.

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2 mins  |
January 11, 2024
Zee likely missed $200 mn cricket fee date to Disney
Mint Mumbai

Zee likely missed $200 mn cricket fee date to Disney

Zee Entertainment Enterprises Ltd has missed a deadline to pay $200 million to Walt Disney Co.'s India unit for TV rights of cricket matches, according to people familiar with the matter, as the firm tries to preserve cash ahead of a likely collapse of its mega-merger with Sony Group Corp.

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1 min  |
January 10, 2024
Mint Mumbai

Inflation likely to have crept to 5.9% in Dec: Mint poll

India's retail inflation likely rose for the second straight month to 5.9% in December 2023 mainly on account of an unfavourable base effect, according to the median estimate given by 19 economists in a Mint poll.

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1 min  |
January 10, 2024
Latest Dirty Word In Corporate US: ESG
Mint Mumbai

Latest Dirty Word In Corporate US: ESG

Many companies no longer utter these three letters: E-S-G. Following years of simmering investor backlash, political pressure, and legal threats over environmental, social, and governance efforts, a number of business leaders are now making a conscious effort to avoid the once-widely used acronym for such initiatives.

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3 mins  |
January 10, 2024
AI eyed to stem red onion rot
Mint Mumbai

AI eyed to stem red onion rot

The government fit warehouses plans to with Al-based tools to try and keep onions from rotting in storage. Wastage of the kitchen staple is estimated at 11,000 crore annually around one-fourth of rabi onions, or onions sown during winters, rot in conventional storage facilities, two officials said.

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1 min  |
January 10, 2024
A grace note for Naomi Osaka
Mint Mumbai

A grace note for Naomi Osaka

The four-time Grand Slam winner Naomi Osaka is back for the Australian Open after a long layoff from international tennis

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7 mins  |
January 10, 2024
Mint Mumbai

Five years of India's fiscal policy: Much of it is truly commendable

Union budgets have done a worthy job under tough circumstances although our public debt burden now requires reduction

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3 mins  |
January 10, 2024