Mint New Delhi - March 14, 2025
Mint New Delhi - March 14, 2025
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In this issue
March 14, 2025
Trai Plans To Limit Satellite Permits To Five Years, Defying Starlink
The telecom regulator plans to recommend that satellite broadband spectrum be allotted for around five years to assess initial market adoption, defying Elon Musk's Starlink, which is seeking a 20-year permit, said a senior government official.
2 mins
Updated I-T returns drive ₹8k cr revenue
A recently introduced facility that allows income-tax assessees to correct past mistakes in computing tax without any penalty, has seen 8.35 million taxpayers update their returns, and earned the exchequer about ₹8,350 crore additional revenue since FY23, according to government data.
1 min
PM Internship Scheme: Now Candidates to Get More Info
The changes are part of the second round of the pilot project that is currently underway
2 mins
Purple Style Labs secures $40 mn in Series E funding
Purple Style Labs, the parent company of luxury ethnic wear platform Pernia's Pop-Up Shop, has raised $40 million in its Series E round of funding.
1 min
OpenAI Seeks Relief From US State Rules
Many US states are actively weighing new measures on everything from deepfakes to bias in AI systems
2 mins
3one4 Eyes New Fund Amid Gains on Old Bets
The Bengaluru-based VC firm is looking to raise its seventh fund this year
2 mins
Duroflex Sharpens Eye on Profit Ahead of IPO
Mattress maker Duroflex has aggressively pursued profitability in the past two years as it prepares to list on the public markets in the coming 18 months, its group chief executive officer Sridhar Balakrishnan said.
2 mins
Ramco faces setback as state mining tax may raise costs
At a disadvantage
2 mins
$1 tn market rout hits investors, chokes consumer spending
India's longest equity slump in nearly three decades wipes out roughly $1 trillion in market capitalization, the major blow to retail investors is denting consumer spending and threatening to further slow growth in the world's fifth-largest economy.
1 min
Sebi Expands What Qualifies as UPSI
Markets regulator Sebi has widened the ambit of the scope of Unpublished Price Sensitive Information (UPSI) by including any proposed fundraising activities agreements which can impact the management or control of the company, restructuring plans, and one-time bank settlements.
1 min
Apple Shares Are Losing Haven Allure As Headwinds Grow
The Nasdaq 100 Index Is Down 6.7% In 2025, And Apple Is Responsible For Nearly A Fifth Of That Decline
2 mins
Citi Plans to Slash IT Contractors, Hire Staff to Aid Controls
Citigroup plans to dramatically reduce its reliance on information technology (IT) contractors and hire thousands of employees for IT as the lender grapples with regulatory punishments over data governance and deficient controls.
1 min
Intel Names Chip Veteran Lip-Bu Tan as Next CEO
Intel Corp. named Lip-Bu Tan as its next chief executive officer (CEO), entrusting a former board member and semiconductor veteran with one of the toughest jobs in the chip industry.
1 min
Southern Stars Turn to OTT as Medium Gains Momentum
OTT also offers upfront fixed payments, ensuring predictable income, industry experts say
2 mins
Blackstone to buy 40% stake in Kolte-Patil for ₹1,150 crore
Global investment firm Blackstone will acquire a 40% stake in Pune-based realty firm Kolte-Patil Developers Ltd for ₹1,150 crore.
1 min
Ola's scooter registrations hit by cost feud with agencies
Ola wants a drastic reduction in the cost of registering vehicles, say registration agency execs
2 mins
Airlines seek lower levies to move to Jewar
Air passengers in Delhi's national capital region can expect cheaper fares if they fly out of Noida's Jewar airport, as airlines are seeking discounts on various charges for shifting to the new airport that is likely to begin operations in the second half of 2025.
1 min
Reliance Consumer business to see national rollout
RCPL has a distribution network between 120,000 and 700,000 outlets, varying by product category
2 mins
Putin Okay in Principle to US Plan for Ukraine Ceasefire
Russian President Vladimir Putin said Thursday that he agrees in principle with a US proposal for a 30-day ceasefire in Ukraine, but the terms need to be worked out, and he emphasized that it should pave the way to lasting peace.
1 min
Rupee surges to 87.05 against dollar
The rupee surged 17 paise to settle at 87.05 against the US dollar on Thursday following robust macroeconomic data and easing crude oil prices.
1 min
Gold revisits all-time high level of ₹89,450 amid firm global cues
Gold prices climbed by ₹600 to revisit the all-time high of ₹89,450 per 10 grams in the national capital on Thursday amid a firm global trend, according to local marketmen.
1 min
India to deliver US summons to Adani
The Union government has asked a local court to deliver a summons issued by the US Securities and Exchange Commission (SEC) to billionaire Gautam Adani over alleged securities fraud and a $265 million bribery scheme, according to a letter seen by Reuters.
1 min
LG Gets Sebi's Nod to Float India IPO
LG Electronics India Ltd, a subsidiary of the South Korean chaebol LG, has received markets regulator Securities and Exchange Board of India's (Sebi) approval for its ₹15,000 crore initial public offering (IPO), people familiar with the matter said on Thursday.
1 min
HUL's independent director Puri quits
Hindustan Unilever Ltd (HUL) on Thursday said its independent director Leo Puri has resigned due to an increase in his board commitments including his proposed appointment on the board of a global entity.
1 min
HDFC Life enhances security protocols
DFC Life Insurance on Thursday said the company faced data theft last year and the issue has been addressed.
1 min
TCS names Sudeep Kunnumal as CHRO
Tata Consultancy Services Ltd (TCS) has appointed Sudeep Kunnumal as its chief human resources officer (CHRO) designate on Thursday to eventually replace Milind Lakkad, who retires this year.
1 min
India arrests crypto administrator
Indian authorities arrested at Washington's request a cryptocurrency exchange administrator accused of money laundering conspiracy and violating sanctions, India's top crime fighting bureau said on Wednesday.
1 min
GenAI to improve banking operations
Generative artificial intelligence (GenAI) is poised to improve productivity levels of Indian financial services by 34 to 38% by 2030 and up to 46%, specifically for banking operations, said an EY report.
1 min
Isro achieves 'unbelievable' undocking of SpaDeX satellites
The move paves way for future missions such as moon exploration, human spaceflight
1 min
Trump's Vision for Universities Already a Reality in Florida
Florida's laws have dismantled campus DEI initiatives, banned political or social activism, redefined core curricula
8 mins
How to withdraw your VPF to buy a home or repay loan
EPF and VPF do not exist in silos and the rules for withdrawal are the same for both
4 mins
Is ₹6 crore enough to retire? How to plan for a secure future
I am 38 years old, earning ₹1.80 lakh per month, with monthly expenses of ₹1 lakh.
2 mins
How Reinsurers Can Help Bridge India's Huge Protection Gap
India's insurance industry is growing rapidly, supported by robust economic growth, an expanding middle class, innovation, and strong regulatory support.
2 mins
How to stay ahead of the curve in the age of AI: Be more human
We will need to rediscover skills innate to humans that risk being lost as AI starts doing our tasks
3 mins
The 'virtue economy' is dead: Shareholders are back on top
Moving on from stakeholder capitalism has turned into a bad bet
3 mins
Finding the key to joy in Nordic countries
Big and small acts of kindness, solidarity and community spirit ensure the Nordic people remain content
4 mins
Mint New Delhi Newspaper Description:
Publisher: HT Digital Streams Ltd.
Category: Newspaper
Language: English
Frequency: Daily
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