CATEGORIES

How diversified should my portfolio be?
Mint Mumbai

How diversified should my portfolio be?

For large-cap exposure, you may want to opt for an index fund as only a few active fund managers have outperformed the index in recent years and this trend may continue in the future.

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1 min  |
July 18, 2023
How to get slow muscle loss and get fitter as you age
Mint Mumbai

How to get slow muscle loss and get fitter as you age

Powerful resistance training strengthens both muscle and soft tissue, which helps counter the effects of ageing

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4 mins  |
July 18, 2023
Russia halts wartime deal allowing Ukraine to ship grain
Mint Mumbai

Russia halts wartime deal allowing Ukraine to ship grain

Russia complained that restrictions on shipping and insurance have hampered its exports of food and fertilizer

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3 mins  |
July 18, 2023
NCLT to hear lessors' pleas for SpiceJet insolvency in August
Mint Mumbai

NCLT to hear lessors' pleas for SpiceJet insolvency in August

The National Company Law Tribunal (NCLT) has postponed the hearing of insolvency pleas against budget carrier SpiceJet, granting the airline 10 days to file a rejoinder. The pleas were filed by aircraft lessors Aircastle of Ireland and Wilmington Trust. The court is scheduled to hear the Aircastle case on 8 August, and Wilmington Trust's plea on 17 August.

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1 min  |
July 18, 2023
Temasek doubles investments, ups diligence as valuations reset
Mint Mumbai

Temasek doubles investments, ups diligence as valuations reset

Temasek Holdings Pvt. Ltd has doubled its pace of investments in India, amid the valuation reset in the tech ecosystem, and will increase its focus on due diligence and scrutiny for potential investment opportunities, senior executives Ravi Lambah and Mohit Bhandari said in an interview.

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1 min  |
July 18, 2023
BMW tops premium battery EV market in India, led by iX
Mint Mumbai

BMW tops premium battery EV market in India, led by iX

With improved chip supply, the German carmaker expects record sales of its 7 Series in FY24

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2 mins  |
July 18, 2023
Costlier food matching MPC inflation view: RBI
Mint Mumbai

Costlier food matching MPC inflation view: RBI

Sudden rise in inflation in June prompted economists to revise forecasts

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2 mins  |
July 18, 2023
Improved US performance to pep up Indian pharma QI show
Mint Mumbai

Improved US performance to pep up Indian pharma QI show

The Indian pharma market (IPM), which is estimated to have grown 4.5% year-on-year (y-o-y) in June, will find support from strong performance in the US even as domestic growth remains slow in the June quarter.

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1 min  |
July 18, 2023
Oil slides more than 1% as China GDP dents hope of demand rise
Mint Mumbai

Oil slides more than 1% as China GDP dents hope of demand rise

Oil dropped by more than 1% on Monday after weaker than expected Chinese economic growth fuelled concern over demand in the world's second-biggest oil consumer while a partial restart of halted Libyan output also pressured.

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1 min  |
July 18, 2023
India to issue framework on $730 mn quantum mission in Aug
Mint Mumbai

India to issue framework on $730 mn quantum mission in Aug

The department of science and technology (DST), under the ministry of science and technology, is working on a vision document to define an execution model for India's $730 million National Quantum Mission (NQM).

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2 mins  |
July 18, 2023
Djax Tech founder floats ₹50 cr VC fund to back early-stage cos
Mint Mumbai

Djax Tech founder floats ₹50 cr VC fund to back early-stage cos

Ram Kumar, founder and chief executive of adtech company Djax Technologies, has hit the road to raise funds for Djax Ventures, his maiden venture capital firm that will invest in early-stage startups.

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1 min  |
July 18, 2023
Mintifi plans offline expansion
Mint Mumbai

Mintifi plans offline expansion

Mintifi, a Mumbai-based supply chain financing startup, aims to open more than 100 branches in India this financial year as part of its strategy to expand its operations and grow its presence offline. \"We have been building our physical distribution network,\" Anup Agarwal, co-founder of Mintifi said in an interview. \"Because we fundamentally believe that while lending can be automated, collections cannot be fully automated. You still need people on the ground to go out and collect your payments in case the customer is doing it\".

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1 min  |
July 18, 2023
Sheela Foam to raise ₹1.5K cr to fund Kurlon, Furlenco buys
Mint Mumbai

Sheela Foam to raise ₹1.5K cr to fund Kurlon, Furlenco buys

Furlenco deal is expected to close by Aug-end, and the Kurlon transaction by the end of Nov

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2 mins  |
July 18, 2023
NHAI plans ₹1.5 tn award for 6,000 km
Mint Mumbai

NHAI plans ₹1.5 tn award for 6,000 km

State-run NHAI plans to award 6,000 km of highways requiring over ₹1.5 trillion investment in the current fiscal under the hybrid and EPC route, with the share likely to be 65% and 35% respectively.

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2 mins  |
July 18, 2023
€500 million in EU's first phase funding for India green energy
Mint Mumbai

€500 million in EU's first phase funding for India green energy

European Investment Bank (EIB), the lending arm of the European Union, plans to invest about €1 billion in India's renewable energy sector, EIB's vice president Kris Peeter confirmed.

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1 min  |
July 18, 2023
'Risk-return ratio does not favour pvt capital in MDBs'
Mint Mumbai

'Risk-return ratio does not favour pvt capital in MDBs'

Harnessing private capital is a key challenge for multilateral development banks (MDBs) as the risk-return ratio is not feasible, says NK Singh, who along with former US treasury secretary Lawrence Summers is the co-convenor of a G20 expert group on strengthening MDBs.

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3 mins  |
July 18, 2023
India, Iran plan to route Russia trade through Chabahar
Mint Mumbai

India, Iran plan to route Russia trade through Chabahar

India and Iran plan to step up operationalizing the International North South Trade Corridor (INSTC) in a move to boost trade with Russia, according to Mohammad Miri, an advisor to the Chabahar Free Zone in Iran.

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1 min  |
July 18, 2023
Ukrainian strike disables bridge between Crimea and Russia
Mint Mumbai

Ukrainian strike disables bridge between Crimea and Russia

A Ukrainian strike disabled the only road bridge connecting Russia with the occupied Crimean Peninsula, hitting once again a major symbol of President Vladimir Putin's rule and constricting Russian supplies to the front lines in southern Ukraine.

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3 mins  |
July 18, 2023
HDFC Bank profit jumps 30% on lower provisions
Mint Mumbai

HDFC Bank profit jumps 30% on lower provisions

HDFC Bank Ltd, India's largest private sector lender, reported a 30% increase in net profit driven by lower provisions for loan losses and increased other income.

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2 mins  |
July 18, 2023
Zee board forms interim panel to run ops as Sebi bars Goenka
Mint Mumbai

Zee board forms interim panel to run ops as Sebi bars Goenka

Zee Entertainment Enterprises Ltd's (ZEEL's) board has formed an interim committee of senior executives to run operations after managing director Punit Goenka's appeal for relief from a markets regulator order barring him from holding key positions in listed firms failed.

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3 mins  |
July 18, 2023
India, US to work on MDBs, climate action, inclusion
Mint Mumbai

India, US to work on MDBs, climate action, inclusion

India and the US have agreed to collaborate on a range of issues, including strengthening multilateral development banks (MDBs), promoting climate action, and facilitating energy transition, Union finance minister Nirmala Sitharaman said.

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2 mins  |
July 18, 2023
GQG raises India game with 5.96% in Patanjali Foods
Mint Mumbai

GQG raises India game with 5.96% in Patanjali Foods

Patanjali Foods Ltd on Monday said Rajiv Jain's GQG Partners Llc purchased a 5.96% stake in the company in its offer for sale (OFS), sparking a rally in its shares.

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2 mins  |
July 18, 2023
'AI To Play A Key Role In Hiring, But Aspirants Like Human Contact First'
Mint Mumbai

'AI To Play A Key Role In Hiring, But Aspirants Like Human Contact First'

Use of AI-based tools can help reach more candidates, reduce bias, find a better match for specialized roles

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3 mins  |
July 17, 2023
Bollywood Navigates A Clash Of Streaming Versus Stardom
Mint Mumbai

Bollywood Navigates A Clash Of Streaming Versus Stardom

Bollywood stars, including Shahid Kapoor, Rajkummar Rao, and even Akshay Kumar, who ventured into web originals, or had their films directly stream on over-the-top (OTT) platforms, such as JioCinema, might encounter some difficulties in maintaining their stardom.

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1 min  |
July 17, 2023
Putin Says Russia Will Use Cluster Bombs If It Has To
Mint Mumbai

Putin Says Russia Will Use Cluster Bombs If It Has To

Russian president warns his country has a sufficient stockpile’ of the controversial weapons

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2 mins  |
July 17, 2023
Iran brings back morality police to enforce hijab law
Mint Mumbai

Iran brings back morality police to enforce hijab law

Iran's police said it has formally restored street patrols in a fresh crackdown on women who violate the country's strict dress laws.

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1 min  |
July 17, 2023
Audible's paid user listening hours up 39%
Mint Mumbai

Audible's paid user listening hours up 39%

India emerged as one of the fastest growing market in 2022 for Audible, the online audiobook service owned by Amazon, with 39% growth in paid member listening hours over 2021. Since launching its services in November 2018, Audible has operated both free and paid tiers, offering content in Hindi, Tamil, Telugu, Marathi, Urdu and Bengali. The platform's paid subscription, at ₹199 per month, allows users one credit per month that can be used to access one book of their choice.

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1 min  |
July 17, 2023
'Each country debt rejig needs unique strategy'
Mint Mumbai

'Each country debt rejig needs unique strategy'

China emerges as one of the largest official creditors for vulnerable nations

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2 mins  |
July 17, 2023
Kotak to take non-exec role after leaving MD post in Dec
Mint Mumbai

Kotak to take non-exec role after leaving MD post in Dec

Transition is a move to nurture a world-class institution, says Kotak Mahindra Bank founder

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2 mins  |
July 17, 2023
FMCG demand trends stable in Ql, cos may report better margins
Mint Mumbai

FMCG demand trends stable in Ql, cos may report better margins

Demand for fast moving goods consumer (FMCG) rose in the first quarter of FY24 as inflation eased, but revenue growth could moderate sequentially as companies lowered the intensity of price hikes, provided extra grammage, and made direct price cuts. Still, falling raw material prices may aid gross margins.

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1 min  |
July 17, 2023