CATEGORIES

GM went all in on electric vehicles. Dealers say buyers want hybrids.

Some influential dealers are pressing General Motors to introduce hybrid models, worried they risk losing customers who aren't ready to make the switch to fully electric cars.

Real-estate downturn comes for US' premier office towers

Rents at highest-end buildings fall and rate of leasing slows

In bow to pressure, Boeing pulls Max 7 safety waiver appeal

Boeing Co. withdrew a request for a key safety exemption that would have helped speed approval of its coming 737 Max 7 aircraft, bending to rising pressure to prioritize safety in the wake of a near-catastrophe on one of its planes.

'Less fuel tax may help Jewar'

Delhi-NCR's existing airport charges 25% VAT on aviation fuel, while Jewar airport plans to charge just 1% tax

Cost pressures get studios to eye wins in regional cinema

Grappling with rising costs of production, unpredictable box office and few buyers in the OTT ecosystem, studios and filmmakers who were primarily operational in the Hindi language, are gradually looking at.

VinFast likely to skip Bharat Mobility Expo

Vietnamese carmaker VinFast, which is drawing up plans to launch operations in India in 2024, will not participate in the upcoming Bharat Mobility Expo, in a change of plans possibly involving challenges in making its entire product showcase available for the Expo in time, two sources privy to the development told Mint on condition of anonymity.

Voda-Idea to prioritize vendor dues repayment from FY26

Vodafone Idea will prioritize payments of vendor dues from internal cash generation starting FY26, after settling a bulk of the outstanding debt of 35,400 crore in the next fiscal year, its chief executive officer Akshaya Moondra said at an earnings call on Tuesday.

Axis, ICICI go slow on hiring, HDFC Bank pushing ahead

The banks have neared optimal manpower levels, and poaching from each other has reduced

Bleak year for IT hiring with Big Four at multi-year lows

India's top IT services companies have registered their worst headcount decline in five years

IGL faces twin troubles of weak sales volume and high costs

Investors of Indraprastha Gas Ltd (IGL) were left disappointed, as the city gas distributor reported a lackluster volume growth, yet again.

ITC's cigarette business loses spark

Atan analyst meet in December, ITC Ltd had hinted that volume consolidation in its main stay cigarette A business is on the anvil.

Sebi swats unauthorized schemes, cracks the whip on Growpital

Cracking the whip on unauthorized invest agricultural investment platform, Sebi has barred Farm Tech Silo LLP, also known as Growpital, related entities and their directors from collecting money from investors and prohibited them from the securities market till further directions.

Tata Motors drives past Maruti, becomes most valued auto co

Tata Motors hit a market capitalization of 3.15 trillion on the BSE on Tuesday, surpassing Maruti Suzuki's 3.13 trillion, to become the country's most valued automotive company after seven years.

Supertails to raise $25 mn in Series B round

Deepika Padukonebacked petcare marketplace Supertails is in talks to raise $25 million (about 200 crore) from new and existing investors as part of its Series B funding.

India M&As in '23 at highest in nearly 10 years: Bain & Co

Mergers and acquisitions in India last year surpassed volumes seen in most of the past decade, barring 2022, even as global M&A activity slowed, consultancy firm Bain & Co said in a report. This year, the industry is likely to chalk up a similar run of deals, it added.

Asianxt Digital plans to raise up to $15 mn

Jupiter Capital-backed news and entertainment media-tech player Asianxt Digital Technologies (earlier Asianet News Media & Entertainment), is in talks to raise $10-15 million in growth capital, as the company is looking to enter the social media space with a short format video app next month.

GatiShakti tool may be shared with neighbours

After the successful launch of Unified Payments Interface (UPI) in seven countries, India is planning to showcase and integrate the PM GatiShakti initiative to its neighbours, a senior government official said.

Shipping may get infra tag in boost for vessel ownership

Coastal shipping may benefit, too; move extends status available to shipyards since 2016

'India supports a two-state solution to resolve Israel-Palestine conflict'

India favours a two-state solution to end the decadeslong Israel-Palestine conflict, external affairs minister S. Jaishankar said on Tuesday as the war in Gaza, ignited by Hamas attacks inside the Jewish state in early October, shows no signs of ending.

Domestic engines to power India: IMF

Resilient demand to lift growth to 6.7% this fiscal, says outlook

Global lifts L&T's order boat in Q3

A surge in international contracts swelled the order book at engineering conglomerate Larsen & Toubro Ltd (L&T) in the December quarter, even as domestic orders lost steam at India's largest engineering and construction company.

TCS bags $2.5 billion contract from UK's Aviva, its biggest yet

A 15-year outsourcing deal disclosed by Tata Consultancy Services Ltd (TCS) on Tuesday is worth at least $2.5 billion in value, an executive aware of the contract said.

Movies take on nationalistic flavour as polls near

Multiple movies with political, religious and nationalistic overtones are set to light up the silver screen in the run-up to the general election expected to be held in April May, as filmmakers seek to cash in on the religious fervour that peaked with the opening of the Ram temple in Ayodhya.

Meta Welcomes Headset War With Apple

Meta Platforms is hoping Apple's launch of the Vision Pro can reinvigorate its $50 billion metaverse effort, which consumers have yet to widely embrace.

China's Evergrande heads for liquidation

China Evergrande Group received a liquidation order from a Hong Kong court, setting off a daunting process to carve up one of the biggest casualties of a property crisis that's upending the world's second-largest economy.

Govt's focus may stay on electronics, R&D, digital ecosystems

The Centre is expected to continue its focus on electron strengthening research and development, and digital ecosystems in the budget in a bid to provide additional boosters to its initiatives around semiconductors, electric vehicles, global capability centres, DeepTech startups, and artificial intelligence (AI).

Record capex allocation seen in Budget as railways eyes makeover

The budgetary allocation for the Indian Railways is expected to hit record levels as the government gears up to support a major makeover for the national transporter with the addition of modern and faster trains, and improved safety features.

Textiles ministry may get marginal budget increase of 2.5%

The textile ministry is expected to get a marginal budget increase of 2.5% for the fiscal year 2025, taking its allocation to $4,500 crore, two persons aware of the matter said.

Budget likely to give momentum to India's energy transition pledge

Global commitments include adding 50GW of renewable energy capacity every year for the next five years

India to be big stage for VFX co ILM that powered Star Wars

For Industrial Light & Magic (ILM) known for in a range of movies from Star Wars to Avengers, a key element of its strategy lies in India, where it just completed a year of operations.