CATEGORIES

Centre not looking at any new PLI schemes: Official
Mint Mumbai

Centre not looking at any new PLI schemes: Official

The Centre will not expand its productionlinked incentive or PLI scheme this financial year, preferring instead to wait until the new central government is in place next year to decide whether to enlarge the list of sectors that get incentives for domestic manufacturing.

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1 min  |
December 15, 2023
Wholesale prices at 8-month high in Nov
Mint Mumbai

Wholesale prices at 8-month high in Nov

India's wholesale inflation reached an eight-month high in November, driven by prices of food and other key commodities, after contracting since the beginning of this financial year.

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1 min  |
December 15, 2023
Oil demand growth in India to taper in 2024 after bumper years
Mint Mumbai

Oil demand growth in India to taper in 2024 after bumper years

Oil demand growth in the key Asian market of India is set to slow next year as the spurt in consumption that followed the pandemic fades, echoing a slowdown in China and presenting a fresh headwind for prices.

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1 min  |
December 15, 2023
₹3 trillion power distribution scheme may get extension
Mint Mumbai

₹3 trillion power distribution scheme may get extension

The govt seeks to connect more households, especially in rural areas, to the electricity grid

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2 mins  |
December 15, 2023
Ackman's clash reveals messy world of big donations
Mint Mumbai

Ackman's clash reveals messy world of big donations

Prestigious universities are learning the costs of the big gifts they receive from prominent donors.

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3 mins  |
December 15, 2023
Mint Mumbai

MCA set to roll out e-hearings

Soon, corporate lawyers and executives will no longer have to turn up at company registrar offices for case hearings, with the government preparing the ground for virtual hearings on its MCA21 portal.

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2 mins  |
December 15, 2023
Big chunk of CPI items within RBI's range, yet inflation is up
Mint Mumbai

Big chunk of CPI items within RBI's range, yet inflation is up

Retail inflation in November rose at the quickest pace in three months, but a closer look tells a slightly different story.

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2 mins  |
December 15, 2023
Industrial policy to wait; tweaks likely after next elections
Mint Mumbai

Industrial policy to wait; tweaks likely after next elections

The wait for India's new industrial policy just got longer with the government expected to take a fresh look at it following global supply chain shifts, greater urgency on the green agenda, and geo-political developments, two people aware of the matter said.

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2 mins  |
December 15, 2023
Get punch drunk this festive season with these classics
Mint Mumbai

Get punch drunk this festive season with these classics

Festive drinks from around the world, including a winter punch made by Mumbai's East Indian community

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2 mins  |
December 14, 2023
Satirizing American life with Grand Theft Auto VI
Mint Mumbai

Satirizing American life with Grand Theft Auto VI

The controversial video game returns, once again sparking off controversy, debate, conversation, and just the slightest hint of mass hysteria

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4 mins  |
December 14, 2023
India's informal sector could be adding more value than we know
Mint Mumbai

India's informal sector could be adding more value than we know

Arguments of this sector's size being overestimated are flawed. PLFS data suggests it's far likelier to have been undercounted

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3 mins  |
December 14, 2023
COP-28's finale averted a cop-out on fossil fuels
Mint Mumbai

COP-28's finale averted a cop-out on fossil fuels

A transition away from fossil fuels finally found a global consensus in Dubai, but the climate conclave's success depends on what gets implemented and whether rich countries help the rest

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2 mins  |
December 14, 2023
Which funds will help me meet my retirement, other goals?
Mint Mumbai

Which funds will help me meet my retirement, other goals?

I am a salaried person and own a small flat in my home town. I have been regularly investing in the stock market since the last one year and have done well so far.

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1 min  |
December 14, 2023
Mint Mumbai

Buying a house? Know the mutual funds that help you

A systematic investment plan in the right funds can grow your portfolio by leaps and bounds

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4 mins  |
December 14, 2023
HOW PRICE WARS HURT ACCOUNT AGGREGATORS
Mint Mumbai

HOW PRICE WARS HURT ACCOUNT AGGREGATORS

These NBFCs play an important role in financial inclusion. But the business model is broken

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8 mins  |
December 14, 2023
Chinese planemaker Comac upsjet promotion in Hong Kong
Mint Mumbai

Chinese planemaker Comac upsjet promotion in Hong Kong

Chinese manufacturer Comac took its C919 medium-range jet outside of mainland China for the first time Wednesday, showing off the single-aisle aircraft to officials and potential airline customers in Hong Kong.

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2 mins  |
December 14, 2023
Argentina devalues peso, cuts spending to overcome crisis
Mint Mumbai

Argentina devalues peso, cuts spending to overcome crisis

Argentina will weaken its peso over 50% to 800 à per dollar, cut energy subsidies, and cancel tenders of public works, new economy minister Luis Caputo said on Tuesday, economic shock therapy aimed at fixing the country's worst crisis in decades.

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1 min  |
December 14, 2023
Israel suffers worst losses since October
Mint Mumbai

Israel suffers worst losses since October

Israel faces growing diplomatic isolation as civilian deaths mount in Gaza

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2 mins  |
December 14, 2023
'Google to bet on Pay, SMEs'
Mint Mumbai

'Google to bet on Pay, SMEs'

Google is betting on digital payments and wants to tap into the SME sector in India.

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4 mins  |
December 14, 2023
Arbitration agreements valid even if unstamped, rules SC
Mint Mumbai

Arbitration agreements valid even if unstamped, rules SC

Verdict reverses previous court order, aligns with India's move to turn an arbitration hub

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2 mins  |
December 14, 2023
Fairfax picks up 7% more stake in BIAL for $175 million
Mint Mumbai

Fairfax picks up 7% more stake in BIAL for $175 million

Fairfax India Holdings Corp., controlled by Canadian billionaire Prem Watsa, has acquired an additional 7% stake in Bangalore International Airport Limited (BIAL) for $175 million, raising its shareholding to 64% in the company that operates the Kempegowda international airport.

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1 min  |
December 14, 2023
For SonyLIV, regional menu is the way to viewers' hearts
Mint Mumbai

For SonyLIV, regional menu is the way to viewers' hearts

SonyLIV, the videostreaming platform owned by Sony Pictures Networks India, is betting on shows in Telugu, Tamil and Malayalam, spurred by rapid adoption of online content in these regions, besides offering new seasons of successful Hindi titles to expand its audience base and keep them hooked in 2024.

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2 mins  |
December 14, 2023
Pernod Ricard aims to triple net sales in India in coming decade
Mint Mumbai

Pernod Ricard aims to triple net sales in India in coming decade

Consumers' shift from country liquor to whiskies, and greater premiumization are driving demand for the brand

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3 mins  |
December 14, 2023
Spandana Sphoorthy to grow MFI book organically, to acquire NBFC
Mint Mumbai

Spandana Sphoorthy to grow MFI book organically, to acquire NBFC

Microlender Spandana Sphoorthy is looking to expand its balance sheet and exploring growth opportunities for its subsidiary Criss Financial, as part of Vision 2028, unveiled recently.

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2 mins  |
December 14, 2023
Rupee falls 4 paise to close at all-time low of 83.41 vs dollar
Mint Mumbai

Rupee falls 4 paise to close at all-time low of 83.41 vs dollar

The rupee depreciated 4 paise to hit an all-time closing low of 83.41 (provisional) against the US dollar on Wednesday amid a strong American currency overseas.

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1 min  |
December 14, 2023
Mint Mumbai

Rising competition, demand concerns hamper PI Industries

PI Industries Ltd’s shares have fallen by about 11% in the past two trading days. With this, the returns in the stock are flattish for 2023 so far. Some worries have emerged recently, especially about increased competition for its key product, pyroxasulfone.

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1 min  |
December 14, 2023
Mint Mumbai

Workspace leasing set for revival

India’s commercial real estate sector is set to get a new lease of life thanks to much-awaited clarity on the denotification process for special economic zones (SEZs).

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2 mins  |
December 14, 2023
B2B fruit platform Vegrow raises $46 mn in Series C funds
Mint Mumbai

B2B fruit platform Vegrow raises $46 mn in Series C funds

Vegrow, a business-tobusiness agritech platform, has raised $46 million in its Series C round, led by Singapore sovereign wealth fund GIC, the company said in a statement on Wednesday.

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2 mins  |
December 14, 2023
Agilitas Sports raises ₹100 cr from Nexus Venture Partners
Mint Mumbai

Agilitas Sports raises ₹100 cr from Nexus Venture Partners

Agilitas Sports, founded by Abhishek Ganguly, the former managing director of Puma India and South-East Asia, has raised ₹100 crore from Nexus Venture Partners. This funding is aimed at developing a range of consumer brands in the sports footwear and apparel sectors.

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1 min  |
December 14, 2023
M2P Fintech acquires Goals 101
Mint Mumbai

M2P Fintech acquires Goals 101

Fintech startup M2P Fintech has acquired transaction behavioural intelligence platform Goals101, thus marking its first acquisition in more than a year.

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1 min  |
December 14, 2023