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Mint Mumbai

'No restrictions on Congress using bank accounts'

There is no restriction on the Indian National Congress (INC) using accounts, but any of its bank the alleged income tax dues of ₹115 crore attached by the tax department will be transferred to the exchequer as per the procedure followed in the case of any citizen defaulting on tax dues, a person informed about the working of the tax department said on Friday.

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1 min  |
February 17, 2024
Mint Mumbai

India resumes Russian oil import

India has resumed imports of Russian Sokol oil after a two-month gap with at least two refiners so far taking deliveries of the light sweet crude in February, four trade sources said, and ship tracking data showed.

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1 min  |
February 17, 2024
'Can't use successful IAS aspirants' details sans consent
Mint Mumbai

'Can't use successful IAS aspirants' details sans consent

Coaching institutes for civil services examinations will not be allowed to use the personal details of toppers and other successful candidates in their advertisements without their consent, say the draft guidelines released on Friday by the Central Consumer Protection Authority (CCPA), a regulator under the consumer affairs ministry.

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1 min  |
February 17, 2024
Paytm bank gets time till 15 March to stop fresh deposits
Mint Mumbai

Paytm bank gets time till 15 March to stop fresh deposits

The Reserve Bank of India (RBI) on Friday extended by 15 days the deadline for stopping deposit transactions at Paytm Payments Bank, part of One 97 Communications that runs the digital payments firm Paytm.

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1 min  |
February 17, 2024
Australian envoy says ties with India at historic high
Mint Mumbai

Australian envoy says ties with India at historic high

Australia's new High Commissioner to India, Philip Green, said bilateral relations are at an all-time high and he will seek to bolster defence cooperation or \"interchangeability\" between the two nations.

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3 mins  |
February 17, 2024
Mint Mumbai

Volkswagen to supply EV parts, cells to Mahindra

Volkswagen AG is planning to supply electric and battery cells to Mahindra & Mahindra Ltd. as the German manufacturer tries to make inroads into India's emerging clean transport market.

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1 min  |
February 17, 2024
ANZ to deepen India footprint with 4th branch at GIFT City
Mint Mumbai

ANZ to deepen India footprint with 4th branch at GIFT City

Australia and New Zealand Banking Group (ANZ) is planning to open a fourth branch in India at Gujarat International Finance Tec-City (GIFT City) as customers are increasingly moving their operations to the international financial services centre, Lisa Vasic, managing director, transaction banking, ANZ, said in an interview.

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2 mins  |
February 17, 2024
'Tech sector at $254bn in year of uncertainty'
Mint Mumbai

'Tech sector at $254bn in year of uncertainty'

Industry net revenue will grow a modest 3.8% year-on-year: Nasscom

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2 mins  |
February 17, 2024
Mint Mumbai

FPI inflows hit record high on JPMorgan boost

Overall inflows from foreign investors have hit a record high of ₹2.74 trillion this fiscal year, chiefly due to front-loading of government bond purchases by global banks and traders.

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2 mins  |
February 17, 2024
Apple readies AI tool to rival Microsoft's GitHub Copilot
Mint Mumbai

Apple readies AI tool to rival Microsoft's GitHub Copilot

Apple Inc., racing to add more artificial intelligence capabilities, is nearing the completion of a critical new software tool for app developers that would step up competition with Microsoft Corp.

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2 mins  |
February 17, 2024
Rolex to Hublot: Indians find more time for Swiss luxury
Mint Mumbai

Rolex to Hublot: Indians find more time for Swiss luxury

Swiss watch imports 16% to cross a ₹2,000 crore in 2023 as more aspirational Indians snapped up luxury timepieces, led by a sharp rise in December swelled record Imports touched ₹2,093 crore during the year, up from the previous year's ₹1,500 crore, data from the Federation of the Swiss Watch Association showed.

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2 mins  |
February 17, 2024
Perform or pay up: government to winners of mining licences
Mint Mumbai

Perform or pay up: government to winners of mining licences

The government is finalizing a carrot-and-stick approach to ensure that mining companies move swiftly towards production at mineral blocks awarded to them at auctions, and to make delays unpalatable.

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3 mins  |
February 17, 2024
Mint Mumbai

Bids from Ajay Singh, Sky One give new hope to Go First

Bankrupt airline Go First has received a fresh lease of life after receiving two bids on Friday for revival of its operations.

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3 mins  |
February 17, 2024
JSW revs up ₹65k cr steel capex engine
Mint Mumbai

JSW revs up ₹65k cr steel capex engine

The Odisha investment will create an integrated steel complex

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3 mins  |
February 17, 2024
The US Opioid Crisis: Is It A Theatre Of Cold War II?
Mint Mumbai

The US Opioid Crisis: Is It A Theatre Of Cold War II?

It featured in Xi-Biden talks late last year, with the US trying to stanch fentanyl inflows in an eerie echo of the Opium Wars. In Cold War II, drug control matters as much as missile control

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2 mins  |
February 16, 2024
Visa Wait Times For Europe, US To Ease
Mint Mumbai

Visa Wait Times For Europe, US To Ease

Additional manpower at visa offices will expedite the process

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2 mins  |
February 16, 2024
The Threat Of US Debt Inflated Away Haunts Its Fiscal Outlook
Mint Mumbai

The Threat Of US Debt Inflated Away Haunts Its Fiscal Outlook

Aconsensus on fiscal irresponsibility has lent this risk plausibility

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3 mins  |
February 16, 2024
Is Working From Home About To Spark A Financial Crisis?
Mint Mumbai

Is Working From Home About To Spark A Financial Crisis?

In Midtown Manhattan reminders of commercial property's difficulties are everywhere.

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4 mins  |
February 16, 2024
Crypto Market Value Climbs Back Above $2 Tn
Mint Mumbai

Crypto Market Value Climbs Back Above $2 Tn

Bitcoin hovered around $52,000 after a broad cryptocurrency rally that saw Ether, the second-biggest token, advance back to where it was before the TerraUSD stablecoin collapsed almost two years ago.

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1 min  |
February 16, 2024
Crafting low-calorie cocktails for the conscious drinker
Mint Mumbai

Crafting low-calorie cocktails for the conscious drinker

Made with kombucha and honey, new-age cocktails are tailored to customers who want low-calorie drinks

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3 mins  |
February 16, 2024
Meet the keepers of the Vatican's keys
Mint Mumbai

Meet the keepers of the Vatican's keys

Gianni Crea and his team open 1,400 rooms with 2,797 keys every morning

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2 mins  |
February 16, 2024
A handsome car that's high on speed, comfort
Mint Mumbai

A handsome car that's high on speed, comfort

Range Rover gives the Velar a blink-and-miss-it facelift, offering minimal changes on the outside and a chic minimalistic design inside

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3 mins  |
February 16, 2024
India's stock market stands apart as an enabler of mass prosperity
Mint Mumbai

India's stock market stands apart as an enabler of mass prosperity

A triad of complevity, diversity and institutional strength makes a big difference for the better to its role as capital allocator

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4 mins  |
February 16, 2024
Mint Mumbai

GenAl's hallucinations may turn out helpful if we use them well

Dreamt-up stuff can inspire human creativity if we consider it a feature instead of a software bug

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3 mins  |
February 16, 2024
How do I insure my belongings in an apartment that is rented?
Mint Mumbai

How do I insure my belongings in an apartment that is rented?

I have just moved into a rented apartment, and I want to insure my furniture and appliances.

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2 mins  |
February 16, 2024
Mint Mumbai

What the key fact statement says about your bank loan

It is a single-page document that also lists out charges levied over and above the interest rate

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3 mins  |
February 16, 2024
WHY KASHMIR'S SAFFRON GROWERS ARE FEELING BLUE
Mint Mumbai

WHY KASHMIR'S SAFFRON GROWERS ARE FEELING BLUE

Climate change is wreaking havoc on the livelihoods of saffron growers and other farmers in the UT

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7 mins  |
February 16, 2024
Mint Mumbai

India imports 3,000t urad via Brazil, 20,000t more to come

Need to ensure food is available for 1.4 billion Indians at affordable rates: govt official

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1 min  |
February 16, 2024
Mint Mumbai

Have Uber, Lyft finally found a way to make ride-sharing profitable?

Longtime money-losing ride-share companies Uber Technologies and Lyft have surprised naysayers by doing what many thought was impossible: racing toward steady profits.

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3 mins  |
February 16, 2024
Morgan Stanley is laying off several hundred in wealth management unit
Mint Mumbai

Morgan Stanley is laying off several hundred in wealth management unit

Morgan Stanley plans to cut several hundred jobs in its wealth management division as new Chief Executive Ted Pick seeks to rein in costs in an area that is critical to the Wall Street firm's success but has shown signs of weakening lately.

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2 mins  |
February 16, 2024