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Mint Mumbai

Pant, Iyer make history at IPL bids; windfall for Venkatesh

Pant was snapped up for ₹27 crore to become the costliest buy in the League's history

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1 min  |
November 25, 2024
Mint Mumbai

RIL refining margin up; retail a concern

One of the two drivers of Reliance Industries Ltd's recent underperformance—weak refining margin—has reversed, but the other, poor retail top-line growth, is difficult to anticipate, brokerage JP Morgan said in a report.

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1 min  |
November 25, 2024
Festive cheer likely to lift tractor sales
Mint Mumbai

Festive cheer likely to lift tractor sales

Tractor sales in the festive months, spanning from September to November, are expected to grow 8-10% this year on the back of good monsoon lifting market sentiments, according to farm and construction equipment firm Escorts Kubota Ltd whole-time director and CFO Bharat Madan.

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1 min  |
November 25, 2024
Mint Mumbai

ICEA urges increase in air cargo capacity

Mobile phone players want Indian airports to ramp up their existing cargo handling capacity to support a projected eight-fold increase in device exports to $180 billion by 2030, industry body ICEA said.

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1 min  |
November 25, 2024
Hero mid-size e-bike at advanced stage
Mint Mumbai

Hero mid-size e-bike at advanced stage

Hero MotoCorp and its US-based partner Zero Motorcycles are in the advanced stage of developing a mid-sized performance segment electric motorcycle, according to a top company executive.

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1 min  |
November 25, 2024
Mint Mumbai

Sri Lankan Airlines eyes India growth

Seeing India as a place that offers \"enormous growth\" opportunities, SriLankan Airlines aims to increase flights to the country as well as attract more tourists, including with the Ramayana Trail package, according to a top airline official.

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1 min  |
November 25, 2024
Govt appeals to all parties to ensure smooth winter session
Mint Mumbai

Govt appeals to all parties to ensure smooth winter session

Amid demands from the opposition to discuss bribery charges against the Adani group, the government on Sunday said the business advisory committees of both Houses will decide on matters to be discussed in the winter session and appealed to parties to ensure smooth functioning of Parliament.

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1 min  |
November 25, 2024
China looks to Musk as conduit to Trump, seeking to ward off harsh policies
Mint Mumbai

China looks to Musk as conduit to Trump, seeking to ward off harsh policies

In China, Musk is a symbol of the American dream and of US technological prowess

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4 mins  |
November 25, 2024
Mint Mumbai

Welcome to the world of 24-hour stock trading

Round-the-clock trading is becoming a reality. Individual investors say it is about time.

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3 mins  |
November 25, 2024
Mint Mumbai

Stubborn US Inflation watch: Fed's next move in focus

US inflation figures in the coming week that are seen showing stubborn price pressures will reinforce the US Federal Reserve's (Fed) cautionary posture toward future interest rate cuts.

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1 min  |
November 25, 2024
AI's future and Nvidia's fortunes ride on the race to pack more chips into one place
Mint Mumbai

AI's future and Nvidia's fortunes ride on the race to pack more chips into one place

xAI built a supercomputer it calls Colossus-with 100,000 of Nvidia's Hopper AI chips-in a matter of months

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4 mins  |
November 25, 2024
Peace: US attorney who indicted Gautam Adani
Mint Mumbai

Peace: US attorney who indicted Gautam Adani

Breon Peace has led cases involving Huawei, a sex cult, and a pro-Trump influencer

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4 mins  |
November 25, 2024
'Next year likely to bring more clarity for M&A deals'
Mint Mumbai

'Next year likely to bring more clarity for M&A deals'

Mergers and acquisitions are set to rise as key national polls globally are over, says Investec

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2 mins  |
November 25, 2024
TCHF to raise investment size to $25 mn
Mint Mumbai

TCHF to raise investment size to $25 mn

Going forward, TCHF is looking at increasing the capital deployed to address India's unmet healthcare needs

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2 mins  |
November 25, 2024
Funding gains steam with two big deals
Mint Mumbai

Funding gains steam with two big deals

Capital raised by startups in the week ended 22 November edged up, propelled by two big-ticket deals including another large cheque bagged by quick commerce unicorn Zepto.

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1 min  |
November 25, 2024
Doodhvale Farms raises $3 million to redefine India's premium dairy sector
Mint Mumbai

Doodhvale Farms raises $3 million to redefine India's premium dairy sector

Doodhvale Farms, a leading innovator in India's premium dairy sector, recently announced the successful closure of a $3 million funding round.

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1 min  |
November 25, 2024
Adani bulls cut positions before US indictment
Mint Mumbai

Adani bulls cut positions before US indictment

On Thursday, post the news, the contract, which takes cues from the spot price, tanked 23% to ₹2,178.55

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1 min  |
November 25, 2024
PARACETAMOL OR CHALK POWDER? THE ANSWER IS GENERIC
Mint Mumbai

PARACETAMOL OR CHALK POWDER? THE ANSWER IS GENERIC

Bertie got a lower price; chemist made a better margin—that seemed like a win-win

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3 mins  |
November 25, 2024
Bharat Forge lags in a vital metric
Mint Mumbai

Bharat Forge lags in a vital metric

The euphoria in Bharat Forge Ltd has subsided. After hitting an all-time high of ₹1,804 on 21 June, which was in tandem with the excitement in all defence sector stocks, the stock has corrected to ₹1,316.

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2 mins  |
November 25, 2024
This correction could be an opportunity to boost returns
Mint Mumbai

This correction could be an opportunity to boost returns

I don't foresee a major correction, as large corrections usually happen due to unforeseen events Sunil Singhania founder of Abakkus Asset Manager

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4 mins  |
November 25, 2024
Mint Mumbai

THERE IS ADEQUATE ROOM FOR ALL IN INDIAN DEMOCRACY

These elections have made it clear that legacy and sympathy aren't enough to ensure victory

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3 mins  |
November 25, 2024
Trump's tariff proposal opens opportunity for India: Arvind Virmani
Mint Mumbai

Trump's tariff proposal opens opportunity for India: Arvind Virmani

President-elect Donald Trump's pre-election threat of stepping up import tariffs could translate into an opportunity for India to capture a larger share of the US market in the medium term as it could accelerate the re-orientation of global supply chains away from China, federal policy think tank Niti Aayog member Arvind Virmani said in an interview.

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2 mins  |
November 25, 2024
Govt to bring more firms into its grievance redressal system
Mint Mumbai

Govt to bring more firms into its grievance redressal system

With a rise in consumer grievances, the department of consumer affairs (DoCA) has stepped up efforts to resolve complaints more efficiently.

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1 min  |
November 25, 2024
B'desh prepares to probe power pacts, including one with Adani
Mint Mumbai

B'desh prepares to probe power pacts, including one with Adani

A review committee formed by Bangladesh's interim government on Sunday recommended engaging an investigating agency to examine power agreements signed by deposed prime minister Sheikh Hasina's regime with different business groups, including one with India's Adani Group.

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1 min  |
November 25, 2024
COP stingy on climate finance
Mint Mumbai

COP stingy on climate finance

A funding agreement at COP29 was key to help nations keep global temperature rise below 1.5°C

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3 mins  |
November 25, 2024
Poll vault may drive stocks, but how far?
Mint Mumbai

Poll vault may drive stocks, but how far?

Rally powered by short-covering may prompt selling too

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3 mins  |
November 25, 2024
Fledgling firm with no revenue whose CEO was indicted
Mint Mumbai

Fledgling firm with no revenue whose CEO was indicted

The chief executive officer (CEO) of a two-year-old zero-revenue green energy company that scored a ₹10,000 crore ($1.2 billion) investment commitment from REC Ltd is among those indicted in the $250 million Adani bribery case.

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3 mins  |
November 25, 2024
No fresh PLIs on cards as disbursement figures fall
Mint Mumbai

No fresh PLIs on cards as disbursement figures fall

India's production sops programme which powered a ₹13 trillion manufacturing boom may not add any more sectors soon in the wake of slowing disbursements, two people aware of the matter said.

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2 mins  |
November 25, 2024
World Bank calls for reforming skills training in India
Mint Mumbai

World Bank calls for reforming skills training in India

India must make a coordinated effort to reform and rebrand vocational skill training, besides aligning education with the job market, to leverage its demographic advantage to meet the $5-trillion target for its economy, the World Bank said.

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2 mins  |
November 23, 2024
Mint Mumbai

FCPA cases take long to conclude after indictment

For investors keen to know the fate of billionaire Gautam Adani's indictment by US authorities, the watchword is patience.

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2 mins  |
November 23, 2024