Mint Mumbai - November 29, 2024
Mint Mumbai - November 29, 2024
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November 29, 2024
FII exits, F&O expiry torpedo relief rally
Indices slip 1.5% as higher US yields, stronger dollar spark selling
2 mins
Quick comm makes a dash for 10-min food delivery
The instant delivery model that stormed grocery shopping is building up in India's food segment as well, as more startups aim to follow in the footsteps of Swiggy Bolt and Zepto Cafe.
3 mins
AI, algo trading cos set to steal the show at IIT placements
The Indian Institutes of Technology (IIT) are set to witness a scramble for talent beginning Sunday, as some of the world's top artificial intelligence and algo trading firms arrive to snap up their best and brightest.
2 mins
Employees to decide the share of salary to be saved for pension
The Union government is considering doing away with caps on the share of an employee's salary contributed towards pension to enable higher deductions by those who want higher retirement payouts, as part of a series of upcoming reforms, a senior labour ministry official said on Thursday.
1 min
'Janaushadhi sales to beat aim'
The sales target of ₹2,000 crore for the Janaushadhi Kendras will likely be exceeded this year, given the 40% annual growth, Arunish Chawla, secretary of the department of pharmaceuticals, said in an interview to Mint.
1 min
German CEOs see India as a key supply chain destination: Ambassador
German companies are looking at India as one of the most important prospective destinations in the backdrop of the need for diversified global supply chains, according to India's ambassador to Germany Ajit Gupte.
2 mins
'India sure of better trade ties with US under Trump'
Goyal highlighted the strong bond between Trump and Prime Minister Narendra Modi
2 mins
Petroleum ministry may seek GST on gas
The petroleum and natural gas ministry has recommended the inclusion of natural gas in the goods and services tax (GST) framework to the finance ministry, an official aware of the development said on Thursday.
1 min
Australia passes landmark social media ban for under 16s
The legislation orders social media firms to take \"reasonable steps\" to prevent young teens from having accounts
2 mins
Raksha Summit reimagines health benefits
The Raksha Summit 2024, held on November 22, at the Jio World Convention Centre in Mumbai, powered by Medi Assist Healthcare Services Ltd. and Boston Consulting Group (BCG), brought together influential leaders from various industries to explore the future of health benefits in an increasingly connected world.
1 min
Trafigura bets troubled CO2 credits market will rebound
Firm is betting new regulatory frameworks will propel the instruments to the mainstream
3 mins
Godrej Enterprises has a new brand ID
Godrej Enterprises Group, one of the two entities formed following the split of the 127-year-old Godrej Group earlier this year, adopted a new logo on Thursday to differentiate itself.
1 min
After GQG, Abu Dhabi's IHC backs Adani over US indictment
IHC, listed on the Abu Dhabi exchange, is the third-largest foreign investor in Adani, having put in $2.5 billion
2 mins
LTIMindtree's near-term woes eclipse $10 bn revenue goal
LTIMindtree Ltd is bracing for the next leg of growth, but the Street is hardly excited. The company eyes $10 billion revenue by FY31-32, up from $4.2 billion now.
1 min
Shareholders vote out Punit Goenka as Zee director
None of group founder Subhash Chandra's family members remain on the board of any of the four listed Zee firms
2 mins
M&M's new EVs face twin bumps
Mahindra & Mahindra Ltd (M&M) has widened its electric vehicle (EV) portfolio with the launch of two new models—BE 6e and XEV 9e. Its first EV, the XUV 400, is still struggling almost two years after its launch in January 2023, with sales of about 1,000 units a month.
2 mins
CCI orders probe into Google's app store policy
Competition Commission of India (CCI) on Thursday ordered an investigation into Google's policies on download of apps from Google Play, its app store, and on advertisements, taking a first impression view on a reference by WinZO Games Pvt Ltd. alleging that the digital economy giant has abused its dominant position.
1 min
India's VC firms are finding that leaner might be better
VC firms are opting for modest fund sizes, prioritizing investment discipline over volume
2 mins
AI to expand fleet size by a third by 2027: CEO
Tata Sons-owned Air India is aiming to increase the group's fleet capacity by a third to 400 aircraft by 2027, its chief executive Campbell Wilson said on Thursday.
1 min
China mkt reopens for Indian films, but uncertainties remain
Bollywood success in China began more than a decade ago with Aamir Khan's 3 Idiots, which made ₹16 cr there
2 mins
150 small airports selected for makeover to boost cargo
AAI to modernize infrastructure for swift shipping of pharmaceuticals to perishables
2 mins
Why IT cos skip full-year forecast, set lofty goals
IT services firms aim for big revenue growth, but investors stay cautious
2 mins
Inside Musk's quest to beat OpenAI at its own game
Musk is promising the facility in Memphis will help xAI deliver the world's most powerful AI by December
5 mins
How TikTok's Trump whisperer changed minds in Washington
Tony Sayegh led the effort to win Trump's support for the popular app with ties to China
5 mins
Customers are quitting luxury brands as price hikes go too far
Luxury brands have lost about 50 million customers in two years. Second-hand websites and lower-price competitors are welcoming defectors with open arms.
3 mins
CarDekho posts ₹37 cr profit in FY24
Autotech and financial solution provider CarDekho Group on Thursday said it has recorded a standalone profit of ₹37 crore in the 2023-24 fiscal year, scripting a turnaround from ₹143-crore losses in FY23.
1 min
NFCSF refutes cane worker exploitation
The National Federation of Cooperative Sugar Factories Ltd (NFCSF) on Thursday strongly refuted allegations of exploitation of sugarcane harvesting labourers in Maharashtra in a US media report, calling it a \"conspiracy\" to damage the Indian sugar industry.
1 min
RIL acquires 21% stake in Wavetech
Reliance Industries Ltd (RIL) on Thursday said it has acquired a 21% stake in US helium gas exploration and production company Wavetech Helium Inc for $12 million.
1 min
Opp protests stall Parliament again
Proceedings in Parliament were on Thursday washed out for the third day since the beginning of the Winter Session following disruptions by the opposition over the Adani issue and violence in Manipur and Sambhal.
1 min
India, China making 'great progress' in implementing border pact
The militaries of China and India are making \"great progress\" in implementing the disengagement agreement to end over four-year-long standoff in eastern Ladakh, China's defence ministry said Thursday.
1 min
Go First CoC votes for new liquidator
The Committee of Creditors (CoC) of the bankrupt airline Go First has voted to appoint Dinkar Venkatasubramanian as the liquidator for the airline's liquidation proceedings.
1 min
Rupee falls 7 paise to close at 84.47/$
The rupee depreciated 7 paise to close at 84.47 against the US dollar on Thursday, weighed down by a negative trend in domestic equities and broad strength of the American currency in the overseas markets.
1 min
Auction for offshore minerals launched
The government on Thursday launched the first round of auction of mineral blocks in offshore areas with 13 mines—three lime mud, three construction sand and seven polymetallic nodules and crusts—being put on sale.
1 min
Cyclone Fengal: IMD warns of heavy rain in southern India
Cyclone is expected to cross north Tamil Nadu-Puducherry coasts on Saturday
1 min
NHPC chair gets additional charge
State-run hydro power major NHPC Ltd's chairman and managing director (CMD) Raj Kumar Chaudhary has been given additional charge of SJVN Ltd, another government-owned hydro power utility, as its CMD.
1 min
DoT rules for new telecom products
(DoT) on Thursday released draft rules for setting up regulatory sandboxes to test new telecom products and services in controlled environments. The public can submit feedback on the draft rules for 30 days.
1 min
COP29: HARD BARGAINS, DISSATISFIED PARTIES
Between the rhetoric and action, COP climate summits usually end with small, inadequate steps. Baku was no different
8 mins
How to keep your FIRE alive: Smart financial planning tips
Financial experts came together at the Mint Money Festival 2024 to discuss FIRE (financial independence, retire early), how to execute it, and things to look out for along the way.
3 mins
Unregulated and volatile: Is crypto worth the gamble?
India’s crypto landscape is a complex mix of volatility, cybersecurity risks and regulatory gaps
3 mins
KEY STRATEGIES TO MANAGE EMOTIONAL BIAS IN TIMES OF MARKET FLUCTUATIONS?
To create lasting wealth, master the markets and have a clear understanding of psychology
3 mins
Who doesn't love cash transfers but are these really the answer?
These schemes are easy to run and popular but do little to reduce the disadvantages women face
3 mins
India should consider a jobs-linked incentive scheme
Employees Provident Fund Organisation (EPFO) data shows that around 12-13 million formal jobs are added every year. This is good news. On the other hand, data from the Centre for Monitoring Indian Economy reveals an unemployment rate that has ranged from 7.2% to 9% this year.
3 mins
Small government: Back with a bang or whimper?
Trump's push for a drastic scale-back of the American state could be a test case for others. Get it right, the economy booms. Get too radical, and big-bang reforms could backfire badly
2 mins
Here's how India can address the emerging scarcity of fresh water
It's time for the country to invest in future supplies through desalination plants that could be set up along our vast coastline
3 mins
It won't be easy for Bessent to fix US finances but he should
Trump's chosen Treasury secretary will face a daunting challenge
3 mins
AI effect: Business efficiency but puffed-out workers?
Upskill. Upgrade. Retrain. Reskill. Words that are sprinkled liberally in the business updates of many listed firms of India Inc. While companies have begun to boast of their fast-increasing count of workers skilled in the use of artificial intelligence (AI) tools, for us employees, the quickened pace of upskilling seems to be a race. A race that many did not volunteer to participate in, but cannot afford to watch from the sidelines. It is ironical that AI, which is expected to ease business complexities, may end up exhausting employees being pushed to Upskill, Upgrade and Retrain.
3 mins
A 'dark' tour of Ukraine's war-ravaged cities
Tour companies are offering thrill-seeking tourists packages to visit sights of tragic events, hoping to make money and raise awareness
2 mins
Shades of art and coffee
A Mint guide to what's happening in and around your city
1 min
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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