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In this issue

January 14, 2025

Retail inflation at lowest in 4 months, food prices ease

The CPI rose 5.22% in December, down from 5.48% in November and 5.69% a year ago

2 mins

FY26 fiscal deficit may be 4.4-4.6% of GDP, says report

India's fiscal deficit could come in at 4.4% to 4.6% of GDP in FY26, Goldman Sachs Economics Research said in a report on Monday.

1 min

India's net direct tax collection swells 16% in FY25

Strong growth in tax collection from both personal and corporate income helped the Central government to collect ₹16.9 trillion in direct tax revenue so far this financial year after adjusting for tax refunds, official data showed on Monday.

1 min

WeWork India raises ₹500 cr via rights issue

Co-working major WeWork India on Monday said it has raised ₹500 crore through rights issue mainly to reduce debt and achieve further growth.

1 min

PUBG developer eyes spending spree in search of more hits

Krafton Inc., the developer of hit title PUBG: Battlegrounds, plans to spend more than 200 billion won ($136 million) this year to invest in over a dozen promising game studios, underscoring its ambition to become a global force in publishing.

1 min

AI, GenAI Are Transforming Robotics, Says ABB's Atiya

ABB Has Also Piloted Systems Where Robots Respond To Natural Language Commands

2 mins

Podcast sector rides video, but monetization an issue

Podcasts are no longer restricted by genre, and YouTube has made everyone an audience, experts say

2 mins

PAG acquires majority stake in Pravesha for $200 mn

Asia-Pacific-focused private equity firm PAG has acquired a majority stake in Pravesha Industries Pvt. Ltd for $200 million, according to a person familiar with the transaction.

1 min

After Q3 surge in the north, can cement prices rise more?

After a lull, trade cement prices at an all-India level are gradually climbing in the recent months.

1 min

Investors Pin Hopes on Earnings Season to Revive Faltering Stock Market Rally

The postelection stock rally has sputtered. Investors are looking to the coming earnings season to revive it.

3 mins

RBI Eases Rupee Drought With Forex Swaps Worth $3 Billion

RBI's Recent Sales Of The Currency Complicate Its Efforts To Support The Rupee, Which Is Under Pressure

2 mins

HCLTech's Q3 revenue up 2.6% beating estimates, Americas lead

CL Technologies Ltd beat analyst estimates with a higher-than-expected revenue of $3.53 billion for the third quarter, up 2.6% sequentially, driven by strong sales from clients in the Americas, which account for about two-thirds of its revenue.

2 mins

Religare independent directors in favour of Burmans' open offer

The RBI, which has oversight on Religare Finvest, on 9 December approved the Burman acquisition

2 mins

EU-style consumer goods quality testing in the works

Govt mulls stricter quality norms for consumer products, aligning with developed nations

2 mins

Everyone frets over e-comm too much; we don't: DMart's Noronha

Over time e-comm should be seen as an ally to the brick-and-mortar business, especially in metros Neville Noronha MD and CEO, Avenue Supermarts

4 mins

Hiremath claims a 3rd of Kalyani grp

produced a letter from Vaghul to the siblings dated June 2023 in which he said his 2012 letter was not meant to confirm the \"correctness of the content of the note\".

1 min

J&J to acquire Intra-Cellular for $14.6 bn

Johnson & Johnson (J&J) agreed to acquire Intra-Cellular Therapies Inc., a company focused on treatments for central nervous system disorders, for about $14.6 billion.

1 min

Senores Pharma eyes US injectables mkt

Newly-listed Senores Pharmaceuticals aims to set up a new facility in the US to make injectables, and eyes a larger pie of government contracts and controlled substance orders through partnerships with larger drugmakers in the country, a top company official said.

2 mins

No kidding: Demand up for children's products

Modern parents willing to invest in high-quality, safe, innovative offerings

2 mins

China's export boom means Trump tariffs would hit Beijing where it hurts

Economy is increasingly reliant on foreign demand for goods pouring out of China factories

4 mins

Fake Job Postings Are Becoming a Real Problem

White-collar workers say it's harder to get hired and blame everything from AI to tighter budgets

4 mins

Someshwar to be United Spirits CEO

Liquor major Diageo India, the local arm of the world's largest spirits company, on Monday announced the appointment of Praveen Someshwar as CEO-designate.

1 min

JVC re-enters Indian TV market

Japanese consumer electronics brand JVC is re-entering into the India TV market through a brand licence agreement with Noida-based Super Plastronics Pvt. Ltd.

1 min

5.28x bids for Laxmi Dental IPO on Day 1

The initial public offer (IPO) of Laxmi Dental Ltd got fully subscribed within minutes of opening for bidding on Monday and finally ended the day with 5.28 times subscription.

1 min

Bezos' Blue Origin delays debut mission of New Glenn rocket

Blue Origin LLC delayed the inaugural launch of its new flagship rocket on Monday to deal with an unspecified issue with the vehicle.

1 min

Pixxel satellites set for launch

Founder Awais Ahmed says Pixxel plans to add 18 more spacecraft to the six it has developed. REUTERS

1 min

India Summons Diplomat Over Bangladesh Border Fence Row

After Dhaka's opposition, New Delhi says measures in keeping with existing pacts

1 min

Sebi Greenlights JSW Cement IPO

Sebi's approval comes four months after the company put the IPO on hold.

1 min

Progress seen in talks over Gaza

Arab and US mediators made significant progress overnight toward brokering a ceasefire in the Israel-Hamas war and the release of scores of hostages held in the Gaza Strip, but a deal hasn't been reached yet, officials said Monday.

1 min

Tesla Beats Audi in Global Car Sales

Tesla Inc. surpassed one of Germany's most prized premium car brands last year, despite selling fewer vehicles than expected.

1 min

Bol seeks 1st dollar loan since 2012

Bank of India said it is marketing its first dollar syndicated loan since 2012 of as much as $400 million.

1 min

HC Rejects Plea to Block M&M EV Sales

The Delhi High Court on Monday rejected a request for an injunction against Mahindra Last Mile Mobility Ltd, a subsidiary of automobile giant Mahindra & Mahindra (M&M), in a trademark infringement case filed by Gensol Electric Vehicles.

1 min

What Home Loan Borrowers Hope For In Budget 2025

Home-loan borrowers are looking to this budget with a lot of optimism, hoping for relief

3 mins

NRI tax rules for selling overseas property

I am living in Dubai for 15 years. I visit India during the festivals but not longer than a month.

2 mins

Off-season hacks helped Mumbai couple save big on European trip

Strategy behind a 13-day winter adventure in Eastern Europe and a magical white Christmas for under ₹3.5 lakh

5 mins

Paper ballots over EVMs: It is a retrograde proposition

Not only would it be very costly, it could expose our elections to malpractices and unfair vote rejections

3 mins

Digital Public Infrastructure: Its appeal mustn't obscure its risks

DPI offers immense benefits but we need clear-cut guidelines and protections to prevent its misuse

3 mins

A tale of two Indias: Inequality alleviation remains a challenge

Seven decades of widening and shrinking disparities offer clues to the policies we must pursue for a more equitable future

4 mins

Brace for a grab-bag of global trends as 2025 kicks off

From the big political shift in America to the crisis in West Asia, there'll be much to watch this year

3 mins

South Korea is badly exposed to the risk of political paralysis

Compromise and unity, not division and strife, are what it needs

3 mins

Read all stories from Mint Bangalore

Mint Bangalore Newspaper Description:

Publisher: HT Digital Streams Ltd.

Category: Newspaper

Language: English

Frequency: Daily

The business newspaper “Mint” published by one of the leading media houses of India, Hindustan Times, in association with Wall Street Journal. It aims to connect India to the world and the world to India in terms of business, economy, regulation and policies.

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