CATEGORIES

Europe to set first major rules for private credit funds
Mint Mumbai

Europe to set first major rules for private credit funds

Private credit funds for professional investors are stricter rules under a European Union (EU) proposal slated for approval this week, as their growth has fuelled questions about potential risks.

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1 min  |
February 20, 2024
Does LRS limit apply to NRO account?
Mint Mumbai

Does LRS limit apply to NRO account?

I am a businessman and run a clothing company in India. My daughter has gone to the US for her undergraduate studies.

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1 min  |
February 20, 2024
Mint Mumbai

Is PPFAS MF's tax efficient 'debt' fund worth a look?

The fund will use a tax-efficient structure that will see LTCG taxed at 20% with indexation

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4 mins  |
February 20, 2024
FARMERS' BATTLE FOR MSP LAW. IS IT A FAIR ASK?
Mint Mumbai

FARMERS' BATTLE FOR MSP LAW. IS IT A FAIR ASK?

Farmers are back on the streets. Their demand has sharply divided both public and expert opinion

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8 mins  |
February 20, 2024
Mint Mumbai

Kochhars' CBI arrest amounted to abuse of power: Bombay HC

Chanda Kochhar and her husband got interim bail in January last year

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1 min  |
February 20, 2024
Mint Mumbai

Israel sees 20% decline in GDP as war bites

Israel's economy suffered one of its worst-ever slumps, after the Hamas war paralysed businesses, forced people to flee their homes, and caused the military to call up hundreds of thousands of reservists.

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1 min  |
February 20, 2024
Aramco likely to sell debt this year with longer-dated focus
Mint Mumbai

Aramco likely to sell debt this year with longer-dated focus

Saudi Aramco may sell bonds this year as financial markets have improved and the company looks to offer longer-dated debt, according to the state oil producer's finance chief.

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1 min  |
February 20, 2024
Spending spree, hefty debts. And world's mining cos are now stingy
Mint Mumbai

Spending spree, hefty debts. And world's mining cos are now stingy

Mining companies have spent much of the past decade in investors' bad books. Throughout the 2000s and early 2010s the industry, betting that the surge in commodity prices brought on by China's economic rise would persist, splurged on investments and racked up hefty debts in the process.

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5 mins  |
February 20, 2024
Tech revival in San Francisco as leaders return after Covid
Mint Mumbai

Tech revival in San Francisco as leaders return after Covid

Many decamped to sunnier cities during pandemic, criticized San Francisco’s governance and high cost of living

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4 mins  |
February 20, 2024
CBDT drops small tax demands but not TCS, TDS claims
Mint Mumbai

CBDT drops small tax demands but not TCS, TDS claims

Central Board of Direct Taxes (CBDT) on Monday ordered withdrawal of small tax demands that finance minister Nirmala Sitharaman had announced in her FY25 budget speech to improve ease of living.

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1 min  |
February 20, 2024
HC restrains sale of GEAR trust's assets after loan default
Mint Mumbai

HC restrains sale of GEAR trust's assets after loan default

The Bombay High Court has restrained Gifted Foundation (GEAR) from disposing of its assets after the education trust defaulted on a ₹35-crore loan from Axis Finance, a non-banking subsidiary of private lender Axis Bank.

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1 min  |
February 20, 2024
Modern trade stores pop up across India
Mint Mumbai

Modern trade stores pop up across India

These independent stores offer more options for buying household items

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2 mins  |
February 20, 2024
Mint Mumbai

Deepak Fertilisers, Equinor ink pact

Deepak Fertilisers and Petrochemicals Corporation Ltd (DFPCL) on Monday said it has entered into a long-term agreement with Norway's Equinor for supply of Liquefied Natural Gas (LNG).

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1 min  |
February 20, 2024
ED has not found forex breaches at Paytm bank unit
Mint Mumbai

ED has not found forex breaches at Paytm bank unit

An investigation into possible foreign exchange bank by the Enforcement Directorate (ED) has not yet found any breaches, a government official directly aware of the matter said on Monday.

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1 min  |
February 20, 2024
Whirlpool promoter to sell 24%
Mint Mumbai

Whirlpool promoter to sell 24%

Whirlpool of India Ltd's promoter, Whirlpool Mauritius Ltd, will sell 24% stake worth $451 million (₹3,745 crore) in the Indian appliance maker through a block deal on Tuesday, as per a term sheet reviewed by Mint.

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1 min  |
February 20, 2024
Mint Mumbai

NCLT orders liquidation of Gitanjali Gems

The National Company Law Tribunal (NCLT) has ordered liquidation of jewellery retailer Gitanjali Gems, promoted by absconding diamantaire Mehul Choksi, under Section 33 of the Insolvency and Bankruptcy Code, 2016.

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1 min  |
February 20, 2024
Mint Mumbai

'GDP growth no longer a benchmark for firms'

McKinsey said top 20% listed firms outpaced GDP growth during 2012-22

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2 mins  |
February 20, 2024
Mint Mumbai

Mitsubishi, TVS unit form India mobility JV

TVS Mobility Pvt Ltd on Monday said it has formed  a joint venture (JV) with the Japanese conglomerate Mitsubishi Corporation (MC) to establish a comprehensive vehicle mobility ecosystem in India.

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1 min  |
February 20, 2024
Bosch to boost R&D, local e2w components
Mint Mumbai

Bosch to boost R&D, local e2w components

The firm sees significant electrification growth in the 2-wheeler segment

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2 mins  |
February 20, 2024
Hindalco's goal to use 30% clean power may be met early
Mint Mumbai

Hindalco's goal to use 30% clean power may be met early

Hindalco Industries is likely to reach its target renewable power in its overall energy mix a few years ahead of its original schedule of 2030, as the Aluminium producer presses ahead with its commitment to reduce greenhouse gas emissions.

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2 mins  |
February 20, 2024
KVS Manian is new joint MD in Kotak Bank reshuffle
Mint Mumbai

KVS Manian is new joint MD in Kotak Bank reshuffle

Private sector lender Kotak Mahindra Bank announced significant leadership changes on Monday, including re-designating whole-time director KVS Manian as the joint managing director from 1 March.

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1 min  |
February 20, 2024
Mint Mumbai

Crompton Greaves in pain as Butterfly still to spread its wings

Crompton Greaves Consumer Electricals Ltd is facing challenges with the acquired portfolio, Butterfly Gandhimathi Appliances Ltd.

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1 min  |
February 20, 2024
Cement: After dull Q3, dreary outlook looms
Mint Mumbai

Cement: After dull Q3, dreary outlook looms

For cement companies, the December quarter (Q3FY24) was a mixed bag. Price increases had to be partially rolled back on weaker absorption during the latter part of the quarter.

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2 mins  |
February 20, 2024
Mint Mumbai

NIIF invests $25 mn in Amicus Capital

India's quasi-sovereign fund, the National Investment and Infrastructure Fund Ltd (NIIF), has pledged ₹207 crores (around $25 million) to Amicus Capital Partners' second vehicle, an India-focused growth capital fund.

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1 min  |
February 20, 2024
Nvidia's staying power is the $2 tn question
Mint Mumbai

Nvidia's staying power is the $2 tn question

It surpassed market values of both Amazon.com and Alphabet last week

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3 mins  |
February 20, 2024
Mint Mumbai

Apex court reluctant to interfere in Kerala

The Supreme Court on Monday expressed its reluctance to interfere in a suit filed by the Kerala government against the limits imposed by the Centre on its borrowing powers.

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1 min  |
February 20, 2024
Mint Mumbai

India eyes Brazilian urad, tur supplies

India and Brazil are working on a plan to increase supplies of Brazilian black matpe (urad) and pigeon peas (tur), a diplomat from the South American nation said, amid falling domestic production and a growing appetite by vegetarians looking for protein-rich food.

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1 min  |
February 20, 2024
Petroleum exports drop sharply as West tightens squeeze on Russia
Mint Mumbai

Petroleum exports drop sharply as West tightens squeeze on Russia

Earnings from petroleum shipments fell steeply in April-January FY24 due to the global economic slowdown, a rise in domestic consumption, and shrinking discounts on Russian oil.

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2 mins  |
February 20, 2024
Mint Mumbai

Roadwork speeds up but will miss target

Road construction has once again picked up, with 1,442 km of highways readied in January -40% more than the 1,029 km laid in the same month last year when it was still struggling to recover from the pandemic.

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2 mins  |
February 20, 2024
Tested organic food coming on your plate, courtesy govt
Mint Mumbai

Tested organic food coming on your plate, courtesy govt

Unhappy with private labs, the Centre plans to upgrade 90 state labs for organic food testing

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1 min  |
February 20, 2024