CATEGORIES

Mint New Delhi

NCLAT admits Meta plea against CCI ban

The National Company Law Appellate Tribunal (NCLAT) on Thursday admitted Meta Platforms' appeal against an order by the Competition Commission of India, which imposed a five-year ban on the company's data-sharing practices in the country and slapped a ₹213.14 crore fine for allegedly abusing its dominant position.

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1 min  |
January 17, 2025
Mint New Delhi

Reserve Bank keeps Tata Sons in upper-layer NBFC list

The Reserve Bank of India (RBI) on Thursday retained Tata Sons—the principal holding company of the Tata Group—in its list of 15 upper-layer non-bank financiers for FY25, but said it is \"without prejudice\" to the company's application to get itself deregistered.

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1 min  |
January 17, 2025
Mint New Delhi

Bharat Mobility Expo Set to Drive in New Electric Vehicles, Hybrids Today

New Launches Expected to Kindle Consumer Curiosity and Excitement, Potentially Helping Buoy Sales Volumes

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3 mins  |
January 17, 2025
Mint New Delhi

Is online shopping a watershed or blip? Let's look at HCES data

E-commerce penetration is deepening but this doesn't herald a new retail landscape with no space left for physical stores

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3 mins  |
January 17, 2025
Mint New Delhi

No fresh F&O for Kalyan Jewellers

India's stock exchanges have banned fresh trading of Kalyan Jewellers Ltd's stock futures and options (F&O) contracts in the derivatives segment after trader outstanding positions in the counters came close to the threshold or limit for these positions.

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1 min  |
January 17, 2025
Mint New Delhi

SpiceJet told to pay $2.67 mn to lessor

The Delhi High Court on Thursday ordered budget airline SpiceJet to pay $2.67 million to Team France within a week for using the aircraft lessor's three engines.

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1 min  |
January 17, 2025
Mint New Delhi

Bain Invests in Auto Parts Firm Dhoot Transmission

S private equity firm Bain Capital has invested an undisclosed amount in Dhoot Transmission Group, an Aurangabad-based automotive components manufacturer.

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1 min  |
January 17, 2025
Mint New Delhi

Bharat Dynamics wins Navy contract

The defence ministry on Tuesday said it sealed a deal with state-run Bharat Dynamics Ltd to procure medium-range surface-to-air missiles (MRSAM) for the Indian Navy at a cost of ₹2,960 crore.

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1 min  |
January 17, 2025
Mint New Delhi

AI Democratizing Tech Deployment in Organizations: Buch

Madhabi Puri Buch, the chairperson of the Securities and Exchange Board of India (Sebi), underscored the pivotal role of technology in driving the remarkable transformation of the country's capital markets in a pre-recorded address at the symposium on India's Securities Market Tech Stack (SMART 2025).

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1 min  |
January 17, 2025
Mint New Delhi

Axis Bank's Q3 profit hurt by provisions, weak loan growth

Gross slippages for Q3 rose 22% sequentially and 46% annually to ₹5,432 crore, led by ₹4,923 crore in the retail book

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2 mins  |
January 17, 2025
Mint New Delhi

Oil giant BP cuts thousands of jobs

BP, which said it would axe 4,700 jobs, indicated that more reductions were on the horizon REUTERS

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1 min  |
January 17, 2025
Mint New Delhi

Isro Achieves Satellite Docking Milestone

India Is Now Only the Fourth Country to Achieve the Feat

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2 mins  |
January 17, 2025
Mint New Delhi

Infosys beats Street in Q3 on US boost, raises guidance

Firm beats peer TCS in revenue growth on improving discretionary spending by clients

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3 mins  |
January 17, 2025
Mint New Delhi

Demand for petrol, diesel may grow in FY26

India's petroleum product demand continues to remain robust with consumption seen at a record 252.9 million tonnes for the next financial year (FY26), according to data from the Petroleum Planning and Analysis Cell.

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1 min  |
January 17, 2025
Mint New Delhi

RBI Eases Rules Allowing NRIs To Open Overseas Rupee Accounts

For instance, an NRI in the US can now open a rupee account with New York branch of an authorized dealer bank in India

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2 mins  |
January 17, 2025
Mint New Delhi

Google, Varaha in carbon credit deal

Alphabet Inc.'s Google will buy carbon-removal credits based on projects using biochar that's made by heating organic waste, one of the biggest such deals to date.

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1 min  |
January 17, 2025
Mint New Delhi

Will my health insurance cover diabetic retinopathy therapy?

I have been diagnosed with diabetic retinopathy. The doctor has recommended intravitreal injections over a period of a few months. This procedure is a daycare treatment and can be done on an outpatient basis and does not require hospitalization, but is a costly treatment. I am unsure whether my health insurance policy will cover these expenses. Could you provide clarity if such treatments are typically covered under health insurance plans? -Name withheld on request

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2 mins  |
January 17, 2025
Mint New Delhi

Farmers, Consumption, Jobs, Small Biz Budget Priorities

The finance minister's proposals will be closely watched amid global uncertainties

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2 mins  |
January 17, 2025
Mint New Delhi

Cabinet approves setting up of Eighth Pay Commission

Ahead of the FY26 budget and assembly elections in Delhi, the Union cabinet on Thursday approved the setting up of the eighth central pay commission to revise the payment and pension of government employees.

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1 min  |
January 17, 2025
Mint New Delhi

Risk of RBI's approach to rupee

Holding on The Indian rupee has held up over the medium-term even as it has fallen sharply recently

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2 mins  |
January 17, 2025
Mint New Delhi

These New Year resolutions will boost your investment portfolio

Assess your asset allocation as well as net worth, diversify, manage risk and start investing now

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4 mins  |
January 16, 2025
Mint New Delhi

Swiggy gets a new sports subsidiary

Foodtech firm Swiggy has received approval from the ministry of corporate affairs (MCA) to incorporate a wholly-owned subsidiary, Swiggy Sports Pvt. Ltd, to enter the sports and recreational activities segment, it said in a stock exchange filing on Wednesday.

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1 min  |
January 16, 2025
Mint New Delhi

Pixxel, Digantara launch satellites

Two Indian space startups—Pixxel and Digantara—on Wednesday announced the launch of their satellites onboard a SpaceX rocket to closely monitor the earth and objects orbiting around it, marking a new era for the private firms in the space sector.

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1 min  |
January 16, 2025
Mint New Delhi

BlackRock Hits $11.6 Trillion in Assets After Record Fund Inflow

BlackRock Inc. hauled in an annual record of $641 billion in client cash, underlining its global reach across stocks and bonds, index and active funds, and increasingly fast-growing and lucrative market for private assets.

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1 min  |
January 16, 2025
Mint New Delhi

South Korea's impeached president is arrested over martial-law move

South Korean authorities arrested and detained for questioning the country's impeached president, Yoon Suk Yeol, deepening the fallout from his short-lived declaration of martial law last month.

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3 mins  |
January 16, 2025
Mint New Delhi

Green investments to rise 5x to ₹31 tn until 2030: Crisil

India will see a five-fold growth in green investments to ₹31 trillion between 2025 and 2030, Crisil said during its India Infrastructure Conclave 2025 on Wednesday.

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1 min  |
January 16, 2025
Mint New Delhi

SEC Sues Musk Over Twitter Stock Buys, Escalating Long-Simmering Feud

The lawsuit comes after a long investigation that Musk sometimes delayed

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4 mins  |
January 16, 2025
Mint New Delhi

Equentis to launch up to ₹1,000 cr debt fund

Equentis Wealth Advisory Services Ltd is looking to launch a ₹500-1,000 crore category II debt fund, focusing on tier I and tier II markets, a senior company official said.

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1 min  |
January 16, 2025
Mint New Delhi

Can Gifting Assets to Family Members Help Save Taxes?

Key insights on the taxation rules behind family asset transfers and clubbing of income

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3 mins  |
January 16, 2025
Mint New Delhi

DGCA heat on Akasa Air for lapses

The DGCA has now issued two warning letters to Akasa Air in less than a week.

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1 min  |
January 16, 2025