CATEGORIES
Centre weighs financial aid for nascent floating solar projects
The government aims to attract private investments in costly power generation technology to reduce the reliance on vast stretches of land to set up solar parks
BSNL goes to borders to set up 20,000 4G towers
BSNL has been assigned the work of ensuring connectivity at all far-flung areas under the government’s 4G saturation plan
Air traffic surpasses pre-covid record
Indian airlines carried around 13.2 million passengers in May, surpassing the previous record of 13.02 million set in December 2019
MSCI India premium surges to 8-mth high
Premium widened to 114:.75% on June, the highest since 12 Sep
Federal Reserve likely to skip interest rate hike at next meet
Leading Federal Reserve officials are sending out stronger signals that they will forego an interest rate increase at the central bank's next meeting in June, though they indicate hikes could resume later this year.
Single-malt whiskies lift spirits of inflation-hit investors
High-end, rare whisky has caught the attention of investors, especially from India and China
After 14 years, Dubai revives palm island plans
The project's revival comes amid a rebound in UAE's property market
The Russia-Ukraine war may become a testing ground for AI
It can give a clear view of just how deep AI's impact on war can be
The US debt ceiling mess shows why a Fiscal Council is a bad idea
The failure of even the non-partisan Congressional Committee of Budget in preventing the debt cliff-edge has lessons for India
India's GDP data reveals some disquieting details
The headline figure points to healthy growth, but weakness in private consumption and farm growth that isn't validated by other indicators calls for attention of our policymakers
WHY MINDA HAS ITS EYES ON PRICOL'S DASHBOARD
Can the Coimbatore-based auto components maker preempt a possible takeover attempt?
House okays debt-limit deal
The bill sailed through in the House with a favourable 314-117 vote, relying on both Republicans and Democrats
India, EU may strike amicable settlement on ICT import duty
WTO panel ruling on ICT tariff dispute spurs talks between India and the European Union
Electric 2-wheeler sales jump as buyers see price hike ahead
The registration of electric two-wheelers soared 57% in May to reach one lakh units for the first time in a single month, as buyers flocked to e-bike showrooms in droves, anticipating a 15-20% price hike starting in June, and making reservations for vehicles at lower prices with a larger FAME-II subsidy.
Two-wheeler, PV sales roar on rural demand
Surge led by improved rural incomes, increased wedding season buying
Capex a saving grace for India's GDP
India’s gross domestic product (GDP) print for the January-March quarter (Q4FY23) and FY23 sprang a positive surprise, despite headwinds.
Setback for Byju's as lenders quit talks to recast $1.2 bn loan
Creditors to Byju's, India's most valuable startup, have pulled out of negotiations with the company to recast a $1.2 billion loan, posing a new setback to the beleaguered tech firm, according to people familiar with the matter.
Google leads $36 mn round in Pixxel in India spacetech bet
With the latest Series B round, Pixxel has raised $68.3 million in total funding so far
May GST haul swells 12% to ₹1.57 trillion
Central and state governments collected ₹1.57 trillion in Goods and Services Tax (GST) in May, 12% more than what they netted from the indirect tax a year ago, the finance ministry said on Thursday.
Manufacturing PMI at 31-mth high on restocking, rising biz
Easing supply chain concerns and commodity prices provided tailwinds to the sector
Be afraid? Why tech pioneers are in a bind about AI
Tech experts led by OpenAI CEO Sam Altman, whose ChatGPT broke the internet are insisting that the very technology they helped nurture should now be heavily controlled, citing pandemics and nuclear war. Is this a case of fear of the future? Mint explores:
Govt weighs 3-8% increase in MSP for kharif crops
The central government is weighing a 3-8% increase in the minimum support price (MSP) for key kharif crops in 2023-24, according to two people familiar with the development.
FPIs face scrutiny as custodians label Mauritius high risk
Several global custodian banks have classified Mauritius as a ‘high-risk jurisdiction’ for Indian inflows as regulatory scrutiny intensifies in the country. Foreign funds set up through these custodians will face enhanced compliance requirements as a result.
Embraer taps Tata, M&M for local mfg
Defence partnership likely by end of year; firm eyes IAF order
Bitcoin Faces First Monthly Drop Of '23
The crypto rebound is losing steam, leaving Bitcoin on course for its worst month since the FTX exchange collapsed in November last year.
Sebi's Buch on finfluencer regulation: 'Something is cooking'
Securities and Exchange Board of India chairperson Madhabi Puri Buch hinted that discussions were on to implement guidelines regulating financial influencers, who have significant following across social networks.
Jamie Dimon hints at life after JPMorgan
JPMorgan Chase & Co. Chief Executive Officer Jamie Dimon said running for public office has crossed his mind amid speculation on his long-term future beyond helming the financial services giant.
Streaming platforms stare at flatlining subscription growth
The current year is likely to see many subscribers shift from Disney + Hotstar to JioCinema thanks to IPL
Zepto elevates execs, plans to list in 2-3 yrs
Online grocery company Zepto on Wednesday elevated several key executives, ahead of a planned stock market listing over the next two-to-three years.
Insurgent brands see $4.7 bn inflows from 2018 to 2022
New, emerging brands across food and beverages, apparel, and beauty and personal care attracted over 75% of $4.7 billion in private equity and venture capital funds from 2018 to 2022 driven by an uptick in urban demand for such brands, according to a report by Bain & Co. and DSG Consumer Partners.