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Why muhurat trading doesn't get you a Diwali bonus always

On Sunday, India’s stock markets held the Diwali muhurat trading from 6pm to 7.15pm, marking the commencement of the Hindu accounting year Vikram Samvat 2080. For over five decades, muhurat trading has been a ritual, symbolizing prosperity and good fortune for traders, many of whom seek to make long-term investments every Diwali. So, how have investors benefited from muhurat trades over the years?

MEET THE MAN BEHIND THE MEGA KIMS DEAL

How Dr M.I. Sahadulla built a hospital network that had the Blackstone group swooping in

Small wins from Biden-Xi meet

Expectations were low due to deep-seated differences between US, China over trade, Taiwan and human rights

JSW Infra wins bid to develop port in K'taka

The firm is to build the all-weather, deep-water Keni port for 4,119 crore

RBI bar on two Bajaj Finance products may affect retailers

Retailers across the board may suffer after the Reserve Bank of India barred the largest consumer goods financier Bajaj Finance from disbursing loans under two products.

Token releases hit cinemas as OTT mandate kicks in

Over the past few weeks, cinemas have been flooded with small budget films that come with minimal marketing or audience anticipation, resulting in negligible box office returns. Titles such as Aankh Micholi, UT 69, Shastry Viruddh Shastry and Three of Us have made their way to theatres with audiences largely uninformed about their release.

Sebi to take proposal for new delisting rules to board soon

Regulator’s consultation paper had mentioned alternatives, including fixed price for delisting

SRF plans to make India chemicals hub

As India's domestic growth after the pandemic exceeds expectations, Gurugram-based chemical manufacturer SRF Ltd is working on a plan to develop supplies for various chemicals from within the country, a top executive at the company told Mint in an interview.

Tata Tech IPO may set stage for more listings from group

Promoters to sell stake in pure offer for sale; issue will open on 22 Nov and close on 24 Nov

Option sellers lose shirts as wild price swings rule on Thursday

Option sellers make money eight out of 10 times at the expense of option buyers, goes the popular market adage. But, this saying was turned on its head on Thursday’s weekly expiry of Nifty contracts which saw the index swing a wild 248 points between high and low.

ABB may find it hard to keep up margin show in coming quarters

ABB India Ltd’s September quarter earnings were better than expected on several counts. Thanks to a more favourable mix of products and revenues, improved utilization levels and price realization, and better priced older orders, operating margin expanded 580 basis points (bps) year-on-year (y-o-y) to a multi-quarter high of 15.8%, while gross margin was up 190 bps at 36.7%. The company follows a January to December financial year.

Hindalco's shine relies on aluminium prices

For the metal industry, China is a crucial market, and hence its improving economy bodes well for demand. Here, the better-than-expected growth in China’s industrial output by 4.6% year-on-year and 7.6% rise in retail sales in October is positive. Understandably, Indian metal stocks gathered momentum on Wednesday. Amid this, shares of Hindalco Industries Ltd were not immune, rising by 4% and also touching a new 52-week high. Prior to this, the stock was up 3% in 2023 so far.

T20 cricket league LLC to raise $10mn

Legends League Cricket (LLC), a global T20 cricket league with recently retired international cricketers, is looking to raise $10 million to develop the league further, Raman Raheja, a director of Absolute Legends Sports Pvt Ltd and chief executive of LLC, told Mint.

EMIs, pre-used units drive Diwali smartphone sales

Full-year sales of smartphones to be tepid in world's second-largest smartphone market

India proposes UPI tech pact with Seychelles

India has proposed cooperation on UPI technology to Seychelles, according to persons aware of the matter.

'Q2 GDP surprise to signal robust growth'

There is a “wide consensus\" supported by economic forecasts that real gross domestic product (GDP) growth in the second quarter will turn out to be better than the Reserve Bank of India’s (RBI) projection of 6.5%, an article in the central bank’s November bulletin said on Thursday.

G20 group seeks $1 tn fund every year to grow startups

Funding to be taken up under Brazil's G20 Presidency, says group chairman Chintan Vaishnav

SoftBank to sell $154 mn shares in Delhivery

Japan’s SoftBank Group Corp. will sell shares worth $154 million ( ₹1,250 crore) in Delhivery in a block deal on Friday, a term sheet for the transaction showed. The investment firm will continue to hold 10-11% in the new-age logistics firm after the sale.

RBI ups consumer loans' risk weights

After several months spent trying to sensitize lenders against the ongoing credit binge, the Reserve Bank of India (RBI) on Thursday raised risk weights on consumption loans, credit card exposures and loans to non-bank financiers by 25 percentage points each, hoping higher consumption of capital will slow such rapid growth.

Tesla hits it off with Indian parts makers

India shift generated $135-150 mn business for component firms

With Art Mumbai, the city gets its own art fair

Though Mumbai is home to noted galleries, which regularly organize contemporary art weeks, it is only now that it is getting its first art fair

India may need to reconsider its indicator for inflation targeting

The government could re-examine its 2016 legislative mandate and modify RBI's inflation target to cover both WPI and CPI

Rescue Religare from its takeover battle dust-up

After allegations related to betting app Mahadev reached Dabur's owners, they contended it's an attempt to thwart their bid for Religare. Amid political intrigue, the law must prevail

Why many bankers hard-sell guaranteed insurance plans

While they earn hefty commissions on these products, investors benefit from the tax sops

THE UGLY UNDERBELLY OF BOB'S APP USAGE FIASCO

\"Gandha hai par dhandha hai,\" says a man in a recording of a conversation accessed by Mint. That Hindi saying, loosely translated, means that a dirty job is still a job.

India's blue economy offers sea of opportunities: Sitharaman

Govt is ready to support maritime sector by way of fiscal policy and financial outlay

Greenhouse gases hit record high in 2022, with no end in sight: UN

Greenhouse gas concentrations in the atmosphere hit new record highs in 2022, with no end in sight to the rising trend, the United Nations warned on Wednesday.

China pumps cash into bank system to support stimulus

China stepped up its support for the economy by pumping the most cash since late 2016 into the financial system with one-year policy loans.

Israeli forces in Gaza hospital at siege's end

The days-long hospital siege caused global alarm over the fate of civilians

IMAX sets sights on record-breaking revenue in India

IMAX, the large-format immersive cinematic experience, has exceeded its 2022 success in India, already boasting revenues surpassing $20 million (around ₹166 crore) this year.