CATEGORIES

Cotton pilot in 10 states to boost output

The government has started a pilot in 10 states involving 15,000 farmers to increase production of the best-quality cotton by adopting global agricultural practices, said textiles secretary Rachna Shah on Wednesday.

Centre sets terms of reference for 16th Finance Commission

Government extends tenure of Pradhan Mantri Garib Kalyan Ann Yojana for another 5 years

Prosus cuts valuation of Byju's by half to sub-$3 bn

Dutch investor Prosus Ventures on Wednesday axed the valuation of Byju’s by more than half to below $3 billion, in another setback for the edtech giant battling lenders, lawsuits and investigations.

Stock tide lifts mkt cap to $4 tn, above India GDP forecast

Robust domestic buying as well as short-covering by foreign institutional investors (FIIs) ahead of the assembly election results on 3 December propelled BSE's market capitalization to $3.99 trillion on Wednesday, well past the government's nominal gross domestic product (GDP) forecast of $3.62 trillion for the current fiscal (FY24).

Go plans litigation finance for ₹12K cr

Lenders to Go First plan to scout for litigation finance to bring home up to ₹12,000 crore tied up in various lawsuits, two people aware of the development said, as the bankrupt airline stares at likely liquidation. The amount includes an arbitration award that it won against engine maker Pratt & Whitney at the Singapore International Arbitration Centre (SIAC) earlier this year, as well as several other lawsuits under way.

What Investors Need To Do To Enhance Their Basic Fixed Income Returns

The most basic, and safe, returns on investments are those derived from liquid funds, or returns from fixed income funds that are of good credit quality. While asset classes such as equities provide better returns, there are ways that conservative investors can enhance their basic returns without taking too much of the incremental risk.

Climate Inequality Is Real: We Should Avoid Regressive Action

Populist politicians are turning the climate crisis into a wedge issue, sacrificing the environment to the culture wars. If there’s one pervasive problem that’s allowed them to do that, it’s inequality.

This Winter, More Indians Set To Flock Visa-Free Destinations

Indians, typically known for finalizing their travel plans very late, might contribute an additional 20-30% to the recently-introduced, visa-free destinations such as Malaysia, Thailand and Sri Lanka.

Xi urges stronger rule of law overseas

President Xi Jinping has called for stronger rule of law related to foreign affairs given \"external risks and challenges\" as China opens up to the outside world, state media reported on Tuesday.

Meta loses bid to push US FTC into court on privacy deal

The US Federal Trade Commission can move forward with revisions to Meta Platforms Inc.'s 2020 privacy settlement after a judge denied the social network's bid to force the agency into court.

India's Patent Path Must Diverge From China's To Spur Innovation

The eternal tussle between quantity and quality has been a subject of debate in various fields, including philosophy, art and innovation.

Proxy advisory wants Raymond promoters to exit amid charges Mar Curi

The independent directors of Raymond should request the promoters to step aside, following the serious accusations against chairman and managing director Gautam Singhania, according to Institutional Investor Advisory Services India Ltd (IIAS), a proxy advisory firm.

How star archer Deepika Kumari is plotting a comeback

For over a decade, Deepika Kumari has been setting new records in archery. She talks to Mint about wanting more

Pro Kabaddi:The improbable league that captured hearts

As Season 10 of the Pro Kabaddi League is about to begin, Mint looks back at the league's phenomenal popularity

The OpenAI saga puts tech governance in the spotlight

All anyone was talking about last week was OpenAI. Over the course of five short days, its chief executive officer Sam Altman was fired by the board, hired by Microsoft and reinstated as the head of OpenAI. But, while the events of last week were reported from the perspective of the 700 odd employees who threatened to walk out if their CEO was not reinstated, the tech giant whose $13 billion commitment to a company over whose board it had little control was imprudent to say the least, and also of the 37-year-old CEO who remains the undisputed face of today’s Generative Artificial Intelligence (AI) revolution, despite the drama, the long-term effects of the week’s events will be most deeply felt by the governance community, whose attempt at controlling the most transformative technology in over a century has truly failed.

Indian aviation: A mass takeoff would suit us all

An expected flying boom and the government's effort to make India an aviation hub give global aircraft and service suppliers an indirect stake in a smooth mass-market takeoff

How Unifi Capital is set to navigate the MF universe

The relatively unknown Chennai-based firm has seen huge success for its PMS, AIF schemes

CAN UBER NAVIGATE THE BUMPY ROAD AHEAD?

The ride hailing firm once again leads the cab segment in India but regulatory hurdles, new entrants pose challenges

Oyo restarts self operated hotels

Hospitality tech platform Oyo on Tuesday said it has restarted self operated hotels tagged as 'Managed by Oyo' through the company's app and website and is seeking partnerships with real estate developers to identify properties for these hotels.

Railways fills up all safety officer posts

The Railway Board has appointed three new commissioners of railway safety (CRS) to fill vacant posts in the Commission of Railway Safety, which deals with the safety aspects of rail travel and train operations while playing statutory inspectorial, investigatory and advisory functions.

Byju's says it's in talks with BCCI to settle pending insolvency issue

BCCI filed a case in NCLT against Byju's parent for default in payment of ₹160 cr dues

ZEE5 launches South Asian add-ons for US subscribers

ZEE5 Global, the video streaming platform owned by Zee Entertainment Enterprises Ltd operating in over 190 countries, has launched its services as an aggregator in the US, offering subscription video-on-demand (SVoD) services of south Asian origin within its app.

SC plea in MFN case to use Vienna Convention

Court had said govt needs to notify MFN tax rate for its applicability

Lenders bank on campus recruitment

Private banks are aiming to hire at least 50,000 individuals, including fresh graduates, for entry-level positions over the next year to address the challenge of high attrition, according to bankers and recruitment experts.

Adani group m-cap posts biggest rise since Hindenburg report

The Adani Group of stocks showed its biggest increase in market capitalization of over a trillion rupees for the first time since the Hindenburg report surfaced, days after the Supreme Court reserved its judgement on a bunch of public interest litigations pleading for a court-monitored investigation into allegations of corporate malfeasance and manipulation against the ports to renewables conglomerate.

Capital goods cos eye steady road for H2

Most capital goods, engineering, and infrastructure companies have seen a sharp rise in their share prices in 2023, with the sectoral index surging 46% so far this year. This is primarily due to the government's focus on infrastructure development in the run-up to the general elections.

Pantomath marks final close of IIOF at $60 million

Pantomath Financial Services Group, on Tuesday, said it has made the final close of its maiden close-ended series of India Inflection Opportunity Fund (IIOF) at ₹500 crore (around $60 million).

Ant Group's Alipay to exit Zomato

Alipay's proposed share sale follows the sale of 1.1% stake for ₹1,200 crore by Softbank Group last month

Indian astronaut to join ISS crew in '24

Indian and US space agencies will collaborate to put an Indian astronaut on the International Space Station by the end of the next year— marking a watershed moment in India’s growing space ambitions.

Petroleum export earnings decline as crude prices fall

India, having expanded the export markets for refined petroleum products, saw a steep fall in earnings from petroleum shipments in the April-October period this year due to declining crude oil prices, global economic slowdown, a rise in domestic consumption, and shrinking discounts on Russian oil.