Mint Mumbai - December 18, 2024
Mint Mumbai - December 18, 2024
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December 18, 2024
Market in oversold zone on FPI selling
Foreign portfolio investors (FPIs) dumped stocks on Tuesday as the rupee touched a new life low, a day after shock data on India's trade deficit in November.
2 mins
Pidilite, two others vie for Dulux maker
Pidilite may bid solo; JSW, Indigo may tap PEs for Akzo Nobel
2 mins
Stonepeak, Waaree, JSW make binding bids for Enel
Strategic and financial investors JSW Group, Stonepeak Infrastructure Partners and Waaree Energies have submitted binding bids for Enel Group's renewable energy business in India.
2 mins
RE: Minister to meet bank chiefs
Union minister for new and renewable energy Pralhad Joshi will meet bank chiefs and chairpersons in January to explore ways to increase financing for renewable energy (RE) projects.
1 min
Panel calls for revising MGNREGS wage rates
The parliamentary standing committee on rural development and panchayati raj has urged the government to consider revising and increasing wage rates under the Mahatma Gandhi National Rural Employment Guarantee Scheme (MGNREGS).
1 min
Smart cities: Panel urges third-party audit of projects
The ministry of housing and urban affairs should roll out a third-party assessment of projects in the Smart Cities Mission to fill the gaps ahead of its next phase, a parliamentary standing committee said.
1 min
India scraps duty-free import scheme for solar power equipment
India has scrapped a policy allowing duty-free imports of equipment for solar power generation, owing to concerns over revenue losses.
1 min
GDP growth slowing down to 5.4% in Q2 is only a 'blip': FM
Nirmala Sitharaman expressed confidence that the economy would bounce back
2 mins
Ventive to develop new hotels as demand soars
Blackstone and Panchshil together own over 80% of Ventive Hospitality
2 mins
VC firm Antler India eyes record deals next year
The VC firm, alongside Blume Ventures and others, led Namma Yatri's $11 mn pre-series A funding in July
2 mins
Over ₹1 trillion of AIF investments circumventing rules
India's market regulator has found that investments worth over ₹1 trillion by alternative investment funds (AIFs) were circumventing regulations, underscoring the need for a more robust investor protection-oriented approach, according to wholetime member Ananth Narayan G.
2 mins
SME IPO rules on Sebi board agenda
The Securities and Exchange Board of India (Sebi) will take up proposals that will affect small and medium enterprises (SMEs), angel funds, and the broader securities market through IPO regulations, insider trading rules, and compliance for registered entities during its board meeting on 18 December.
1 min
Direct retail inflows hit a 3-year high at nearly ₹1 trillion
A third of the direct retail flows since April came during October dip, showing the investors are becoming savvier
2 mins
Dabur's feeling the winter blues
FROST BITE STICKY food inflation dampens urban demand, while rural consumption is gradually recovering INTERNATIONAL portfolio of Dabur is expected to deliver low-to-mid double-digit growth
2 mins
InCred Financial aims for up to ₹5,000 crore IPO next Diwali
The company entered the unicorn club in December last year, when it raised $60 million from investors
1 min
For NBCC, new order inflows boost investor sentiment
NBCC (India) Ltd, a Navratna public sector undertaking, is hogging limelight on a slew of new work orders.
1 min
Gaurav Banerjee's bold reset at Sony
After Sony Pictures Networks India's $10-billion merger with Zee Entertainment fell apart earlier this year, the network's new managing director and CEO, Gaurav Banerjee, is rolling out a bold strategy to reset operations.
2 mins
Smartphone sales fall below covid-era highs
Smartphone economy faces stagnation despite premium segment growth
2 mins
Single screens stare at a lull after Pushpa 2
The common man is waiting to watch a film where he can relate to the hero, something that Pushpa 2 did
1 min
Sanghi, Penna to merge with Ambuja
Adani Group entity Ambuja Cements will merge the acquired companies Saurashtra-based Sanghi Industries and Andhra Pradesh-based Penna Cement Industries with itself.
1 min
Kalyani Group co small shareholders reject related party transactions
The minority shareholders of the Kalyani Group firm Automotive Axles Ltd (AAL) have rejected related party transactions with Meritor HVS India Ltd (MHVSIL), potentially disrupting its operations.
2 mins
TVS Electronics to expand its manufacturing services
The company aims to start providing its services to entities outside the TVS Group
2 mins
Promoters dissatisfied by valuation, Carraro cuts IPO size
Automotive components maker Carraro India's initial public offering size was cut by a third to ₹1,250 crore after its promoters were dissatisfied by the valuation, the company's bankers said at a press conference.
1 min
Indian art market evolving rapidly: Christie's chief
There has been a 64% increase in bidders from India between 2019 and 2023, reflecting a growing interest
1 min
MIAL moves NCLT seeking clarity on sale of Jet aircraft to Ace
MIAL contends that following the Supreme Court verdict, there is uncertainty about the aircraft sale agreement
2 mins
Valeo bets on India's EV drive
French auto parts supplier expects tax benefits, PLI to drive India's electric mobility transition in the long term
2 mins
Why Louis Vuitton is struggling but Hermès is not
There will be fewer designer handbags or high heels under the Christmas tree this year. Spending on personal luxury goods is set to fall by 2% in 2024, according to Bain, a consultancy.
4 mins
Assad's fall upends the Middle East's largest drug empire
Captagon helped sustain the Syrian regime, and fueled war and addiction across the region
5 mins
Ukraine intel SBU kills top Russian general in Moscow
Kirillov, 54, is the most senior Russian military officer to be assassinated inside Russia by Ukraine
2 mins
Banking liquidity deficit widens
The liquidity deficit in the Indian banking system hit the highest in nearly six months on advance tax payments by companies and likely dollar sales by the central bank to curb rupee volatility.
1 min
Five firms seek govt nod for export hubs
As many as five more firms have submitted their applications to the government to set up e-commerce export hubs in the country and a decision on this is expected soon, a senior official said.
1 min
₹1.46 tn investment in 14 PLI sectors
The government on Tuesday said investment of ₹1.46 trillion have been realised, resulting in incremental production and sales of over ₹12.50 trillion across 14 PLI sectors till August this year.
1 min
RBI lifts curbs on Edelweiss entities
The Reserve Bank on Tuesday announced that restrictions imposed on two Edelweiss Group entities have been lifted.
1 min
India plans safeguard duty to curb Chinese steel imports
India is likely to impose a \"safeguard duty\" or temporary tax of up to 25% on steel imports, industry and government sources said, to help curb cheap imports from top producer China.
1 min
LG, JSW eye $1.5 bn battery venture
South Korea's LG Energy Solution (LGES) is in talks with India's JSW Energy to manufacture batteries for electric vehicles and renewable energy storage in a joint venture that would need an investment of over $1.5 billion, two people said.
1 min
CBDT sends emails to nudge taxpayers
The Central Board of Direct Taxes (CBDT) has made use of digital tools such as emails and text messages (SMS) to nudge and assist consumers in resolving mismatches between their income tax returns (ITR) filings and transactions reported in the Annual Information Statement (AIS) for FY24 and FY22, as a part of its e-verification scheme.
1 min
One poll: ECI to keep power to defer assembly elections
Constitutional amendment bill for 'one nation, one election' tabled in Lok Sabha
1 min
PTC India rejects Mishra as director
PTC India's board has decided not to induct the company's Rajib Kumar Mishra as a director or CMD of the firm, as per a regulatory filing.
1 min
ITC demerger to be effective from 1 Jan
ITC on Tuesday said all conditions for the demerger of its hotel business are \"fulfilled\" and the scheme would be effective from 1 January 2025.
1 min
INSIDE ELON MUSK'S PRESCHOOL DREAM
The school, Ad Astra seems to have been designed with the children of Elon Musk's employees—if not Musk's own offspring—in mind
6 mins
Here's how you can sell your house with a pending loan
A guide to handling loan transfers, navigating the paperwork, approvals, costs and timelines
4 mins
Sebi's MF Lite norms unveiled: What you must know
Securities and Exchange Board of India (Sebi) has notified Mutual Fund (MF) Lite regulations, allowing fund houses focusing only on passively managed schemes to get a licence with less stringent criteria.
1 min
Selling co-owned property in India: What NRIs need to know
I moved to New Zealand a few years ago and became a citizen. Before marriage, I purchased a property in Varanasi with my father as a co-owner.
2 mins
ULTIMATE GUIDE TO MAINTAINING GOOD CREDIT PROFILE
Having a mix of credit products can be good for your score but if you don't need one, don't apply
3 mins
RBI's new governor has a tricky old trilemma to confront as well
Policy under Malhotra will also need to consider complexities of capital flows and the rupee's value
3 mins
China mustn't starve its economy of information
China's economic slowdown seems to have caused anxiety in Beijing over popular unrest, but attempts to keep bad news away from people could prove self-defeating for the regime
2 mins
Is Google's Willow a 'wow' moment for quantum tech?
Even if the hype is ignored, it's clear that digital encryption is at risk and perhaps also crypto assets
3 mins
The worldwide chip sector is still woefully short of women
Diversity drives innovation and reduces the risks of groupthink
3 mins
Give anonymized medical data an extra privacy shield
Anonymizing health records will help but for the best use to be made of data bases, we need to go further
4 mins
Trump's trade policies: High on disruption and low on benefits
Tariffs could push up the dollar while an attempt to reduce the US trade deficit could squeeze the liquidity needed by others
3 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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