Mint Mumbai - November 21, 2024
Mint Mumbai - November 21, 2024
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November 21, 2024
EESL to sell entire 49% in smart meter joint venture
State-run Energy Efficiency Services Ltd (EESL) plans to sell its 49% stake in IntelliSmart Infrastructure Pvt. Ltd, its joint venture with National Investment and Infrastructure Fund Ltd (NIIF) for smart metering and digital solutions, two people aware of the development said.
2 mins
Change in extreme loss margin likely to have outsized effect
A seemingly innocuous change to strengthen the index derivatives framework may have a largerthan-anticipated impact on option trading volumes when it is applied on Thursday for the first time at the expiry of the weekly Nifty options contracts, market experts said.
2 mins
Advent in talks for VIP majority stake
Promoters put entire 51.74% stake on block; open offer to follow
3 mins
Govt to revise rules for radar-based vehicle speed guns
The department of consumer affairs is finalizing new rules to regulate radar equipment used for measuring vehicle speeds, a move that aims to improve road safety.
1 min
Akshaya Patra set to serve meals in Indonesia, Kenya
Indonesia has plans to launch a free meal programme for schoolchildren, inspired by India
2 mins
GDP growth may have moderated to 6.5% in Q2, says Icra
India's GDP growth is likely to have slowed marginally to 6.5% in the second quarter of FY25 from 6.7% in the previous quarter, primarily due to heavy rainfall, weak corporate margins, and subdued exports, according to rating agency Icra.
1 min
Surrogate ads via CSR under scrutiny
The CCPA has invoked Clause 13 of the existing guidelines for the prevention of misleading advertisements
2 mins
Centre eyes 95% of undershot capex target for FY25: Ajay Seth
The government's capital expenditure (capex) for FY25 is projected to align closely with last year's spending, at around 95% of the allocated target, though the target itself may be undershot, Ajay Seth, secretary of the department of economic affairs (DEA) said on Wednesday.
1 min
Apple's India revenue climbs 36% in FY24
The tech giant has been Scoring record quarterly sales in India Since 2023
2 mins
Hyundai's margin woes persist
Hyundai Motor India Ltd's lukewarm stock market debut in October was followed by an equally underwhelming maiden quarterly performance.
2 mins
OfBusiness hires Axis, JPMorgan, Citi for 2025 IPO
Of Business is unconcerned by the recent market correction in India, said Nitin Jain, the firm's co-founder
1 min
Why retail investors continue to root for underdogs
India's retail investor landscape is undergoing a dramatic transformation. While a diverse range of stocks has captured the fancy of individuals fishing in the equity markets, the mid- and small-cap segment—perceived as riskier but with higher potential returns—remains a key draw.
2 mins
Risk to Sobha's ambitious FY25 pre-sales guidance looms
After a muted first half (H1FY25), South India-focused realty company Sobha Ltd is lagging on pre-sales and new launches.
2 mins
Hotels looking to tap into IPO frenzy fuelled by new-age firms
The confidence to tap the market is backed by a strong comeback, thanks to a surge in travel after the pandemic
1 min
Adani mulls surrendering 5G spectrum
Adani Data Networks, a subsidiary of Adani Enterprises, which bought 5G spectrum in the 26 GHz band in the 2022 auctions, is mulling surrendering the airwaves after over two years of not using them, said four people aware of the development.
2 mins
NTPC eyes green fuel offtake to 2 MNCs
Australian mining major Fortescue is in talks with NTPC to produce green hydrogen at its ₹1.85tn hub in Andhra Pradesh
1 min
SC's tax credit ruling gives relief to telcos
Overturns 2014 verdict denying telecom firms credits for these items
2 mins
Steelmakers place hopes on Q4 as prices stay at 4-yr low
Despite hints ofa rebound, prices in QB are expected to be lower by ₹l,500-2,000 per tonne
3 mins
Blockbuster pricing: Box office booster or keeping viewers away?
The strategy of pricing film tickets exorbitantly during festivals such as the recent Diwali weekend on the assumption that people have more money at their disposal during the holidays has divided theatre operators and experts.
2 mins
Insolvency board seeks to limit liquidators, discretion
The Insolvency and Bankruptcy Board of India (IBBI) has sought to limit the discretion of officials authorized to liquidate insolvent companies and has said they must consult creditors compulsorily when rejecting the highest bids.
1 min
Piramal unfazed by Trump-led uncertainty in its biggest market
Trump's plan to impose import tariffs has ramifications for pharma firms but Piramal is betting on its US facilities
4 mins
Can creators thrive without sponsors?
A doption of smart TVs, those that are internetenabled, has been rising rapidly as Indians increasingly get hooked to streamed content.
1 min
North Korea sent a mystery man to lead its troops fighting Ukraine
In a country that fetes its military elites like celebrities, Col. Gen. Kim Yong Bok was rarely seen or even mentioned in public. His role leading North Korea's special forces required him to keep a low profile to conceal his identity. But now he is a very public figure.
4 mins
It isn't just data centers—AI's plumbing needs an upgrade
The coming wave of artificial intelligence usage won't just strain data centers and power grids—it will also stress the country's network capabilities.
3 mins
American companies are stocking up to get ahead of Trump's China tariffs
Businesses plan to stockpile, raise prices and accelerate shift to manufacturing elsewhere
5 mins
India-UK FTA talks to focus on tariffs
The India-UK free trade agreement (FTA) talks that are set to resume in early 2025 will focus on a range of critical areas including market access, regulatory frameworks, and tariff barriers.
1 min
India forging more payment linkages
India is forging mobile-payment linkages with several countries, a senior official at the South Asian nation's central bank said on Wednesday.
1 min
KPMG to partner with Google Cloud
KPMG said on Wednesday it would spend $100 million over the next four years to bolster its enterprise artificial intelligence services through a partnership with Alphabet's Google Cloud.
1 min
Exit polls tilt towards BJP in Maha; Jharkand is a tight race
Mahayuti may have an edge over Maha Vikas Aghadi in Maharashtrefs elections
1 min
Mirae Asset Group to set up India GCC
Multinational financial services provider Mirae Asset Group plans to set up a global capability centre (GCC) in India to tap India's talent pool and support its global operations, a senior company official said.
1 min
RBI bullish on India's economic outlook
The slackness in economic activities in the September quarter is behind and the medium-term outlook remains bullish as the country's innate strength reasserts itself, the Reserve Bank Bulletin said on Wednesday.
1 min
Top cities post 23% rise in house prices
Rising demand for luxury units has boosted overall property prices, according to Anarock.
1 min
Frooti maker faces 12% revenue drop
Beverages company Parle Agro Pvt Ltd that sells Frooti and Appy Fizz brand of drinks reported a 12% drop in standalone revenues for the 12 months ended 31 March 2024, according to data shared by business intelligence platform Tofler.
1 min
Vedanta Aluminium, GAIL ink supply pact
Vedanta Aluminium on Wednesday said it has entered a pact with state-owned gas utility GAIL (India) Ltd for the supply of natural gas to its smelter at Jharsuguda, Odisha.
1 min
Ford to cut 4,000 jobs in Europe, cites disruptive shift to EVs
Ford Motor Co. says it will reduce its workforce by 4,000 in Europe and the UK by the end of 2027, citing headwinds from the economy and pressure from increased competition and weaker than expected sales of electric cars.
1 min
Airtel taps Nokia for 5G expansion
Finnish telecom gear supplier Nokia has won a multi-year, multi-billion deal from Bharti Airtel to deploy 4G and 5G equipment across key Indian cities and states, a release said on Wednesday.
1 min
Do low-volatility funds help amid market uncertainty?
A low-volatility strategy outperforms in bearish markets but check if it fits your portfolio
2 mins
Planning To Retire With An Equity-Heavy Portfolio? History Warns Against It
If not handled well, sequence risks could quickly deplete your retirement corpus. Beware
3 mins
Balancing risk and reward: A hybrid approach to your retirement savings
I'm 42, with a moderate investment approach. I am looking to build a diversified portfolio using BAFs or MAFs. With around 18 years to retirement, a 10% return target and focus on downside protection, can you recommend hybrid funds I can invest in, how many, and what structure aligns with my goals?
1 min
Adani offers dollar bond again after Oct deal postponed
Billionaire Gautam B Adani's conglomerate kicked off a dollar bond sale Wednesday after postponing an offering last month when some investors pushed back on pricing.
1 min
Dissanayake's challenge is to reset Sri Lanka's economy
Economic reforms are crucial if it hopes to pay off its huge foreign debt from 2028 onwards
3 mins
So, you correctly predicted the US election result... Or did you?
Hindsight bias often gets us to think we knew an event's outcome beforehand although we did not
3 mins
RBI should adhere to its price-stability mandate
Headline inflation is a better yardstick of tlie impact of prices on peoples well-being in India than some truncated construct. RBI lias good reason to stick to tlie price gauge tliat itis using
2 mins
Ben & Jerry's versus Unilever: End of business do-gooderism
An ice-cream brand valued for its values is being shed by its owner
3 mins
A Brics currency looks increasingly like just a charade
The group's idea of challenging the US dollar's supremacy is making little headway for valid reasons
3 mins
In praise of imperfection
Oliver Burkeman talks about his new book, why he isn't opposed to ambition, and why we must celebrate not doing everything
5 mins
Mint Mumbai Newspaper Description:
Utgiver: HT Digital Streams Ltd.
Kategori: Newspaper
Språk: English
Frekvens: 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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