Mint Chennai - January 09, 2025
Mint Chennai - January 09, 2025
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In this issue
January 09, 2025
India to simplify tax filing rules in budget
The government plans to simplify income tax filing rules to make it less tedious for taxpayers to comply with the law and help cut down on disputes that have ballooned to more than $120 billion over the past decade.
1 min
Gold import revision trims Nov's record trade deficit by $5 billion
India's record trade deficit for November has been revised downward to $32.8 billion from $37.8 billion, after the government made a sharp correction in gold import data.
1 min
India eyes intra-state linking of rivers to combat drought and floods
India's water crisis is a tale of extremes—while some regions battle floods, others face parching droughts.
2 mins
PMO working on blueprint to industrialize North India
The govt is focusing on bridging the North-South divide by pushing investment in the North
2 mins
Why farm growth held up as other key sectors slowed down
India's farm economy, which employs nearly half the population, is forecast to outperform other key sectors during 2024-25, but the expansion is partly due to a so-called base effect, analysts said on Wednesday, a day after the release of full-year official estimates of gross domestic product (GDP) growth.
1 min
Target Global Chip Shifts, Not Self-Sufficiency: Chris Miller
The Chip War author batted for strategic focus on diversification of global tech innovation
3 mins
Avendus Launches Third Pvt Credit Fund
The asset management arm of Avendus Group, Avendus PE Investment Advisors, on Wednesday launched its third private credit investment vehicle targeting to raise more than double the capital secured for the last vehicle, with the first close expected next month, VCCircle has gathered.
1 min
hBits Plans to List Its Maiden SM Reit Asset
Fractional ownership platform hBits Proptech Pvt. Ltd, which allows retail investors to invest in rental income-generating properties, is set to float a small and medium real estate investment trust (SM Reit) by February, a top executive told VCCircle.
2 mins
South Park Commons Plans India Fund
South Park Commons (SPC), a California-based technical community for startup founders, is raising $40 million (about ₹340 crore) for an India-focused fund to invest in early-stage ventures.
1 min
Govt considers lifting ban on trade in seven crop futures
The government is considering revoking a three-year ban on futures trading in seven farm commodities, including wheat and unprocessed rice, after studies found the steps were counterproductive, according to a person with knowledge of the matter.
1 min
Rupee falls 17p to a new low of 85.91 against US dollar
The rupee extended its slide for the second straight session and declined 17 paise to hit a fresh record low of 85.91 against the US dollar on Wednesday amid higher crude oil prices and stronger American currency.
1 min
New RBI chief faces calls to unshackle rupee as dollar rises
India's new central bank head faces a tough decision on managing the rupee's exchange rate—focus on squeezing volatility like his predecessor did, or respond to calls for more flexibility as the dollar continues to surge.
1 min
Defence stocks get reality check
Sluggish
2 mins
Sebi Tightens Rules for Advisers, Analysts
The market regulator tightened rules for independent advisers and research analysts by imposing deposit requirements and restrictions on the scope of advice to enhance transparency and protect investors.
1 min
Fashion biz and margins Nykaa's weak spots, beauty shines
In its December quarter (Q3FY25) update, Nykaa's parent FSN E-Commerce Ventures Ltd said its beauty and personal care (BPC) segment remains the key growth driver, while muted demand in its fashion business continues to weigh on momentum.
1 min
Foxconn, Dixon Urge India to Pay Pending Subsidies
Apple Inc. supplier Foxconn Technology and Dixon Technologies India Ltd. have asked India to pay them billions of rupees in subsidies they think they are entitled to under the government's production incentives programme.
1 min
UBL suspends beer supply to Telangana over price row
The beer maker cited frozen prices, unpaid dues and 40% rise in production costs since 2019
3 mins
Agarwal buys iconic Riverside studio
The founder and chairman of Vedanta Group Anil Agarwal is the new owner of the iconic Riverside Studio in London, announced a press release on Wednesday.
1 min
Box-office performance dictating OTT release schedules
The gap between theatrical premiere of films and their release on streaming platforms is increasingly becoming flexible, depending primarily on box-office performance.
2 mins
Green hydrogen hub work begins
Prime minister Narendra Modi on Wednesday laid the foundation stone of NTPC Green Energy Ltd's (NGEL) green hydrogen hub at Pudimadaka near Visakhapatnam, Andhra Pradesh, among several other infrastructure projects in the state.
1 min
Cygnett eyes ₹300 cr in FY25 sales, to open 15 hotels next yr
Cygnett Hotels & Resorts aims to close FY25 with ₹300 crore gross revenues, driven by new management contracts, founder and managing director Sarbendra Sarkar said.
1 min
Investment a barrier to foundational AI entry, says Nadella
India must get into frontier work in artificial intelligence (AI) and build foundational models, but investment is a real entry barrier and just one mathematical breakthrough can change entire dynamics, Microsoft chairman and chief executive Satya Nadella said in New Delhi on Wednesday.
1 min
Govt orders airlines to share weather data with IMD
With new airports coming up, IMD could have access to data from a wider geographical region
1 min
China factor a headwind for pvt investments: Sanjiv Puri
China's surplus capacity is dampening Indian business' spirit for adding further production capacity, according to Sanjiv Puri, president of Confederation of Indian Industry (CII).
4 mins
Allcargo to sell up to 40% stake in Gati
Allcargo Gati has done away with some of its non-core businesses to focus on growth and profitability
2 mins
ONGC chooses BP to boost Mumbai High's production
The field currently produces around 1,32,265 barrels of oil and around 13 billion cubic metres of gas per day
2 mins
Strong Board Can Enforce Digital Privacy Laws: Experts
DPBI Needs Skilled Technical and Legal Professionals, as Well as Institutional Independence
2 mins
The billionaire mining magnate who bet coal had a future, and won big
Coal's resurgence as a reliable energy source propelled Low Tuck Kwong to a spot on Forbes's 100 richest people
7 mins
Xi Jinping Muzzles Chinese Economist Who Dared to Doubt GDP Numbers
Gao Shanwen questioned Beijing's ability to boost its economy as threats loom from a property meltdown, burgeoning debt and other challenges
5 mins
M&M looks to scale up auto biz globally
Having consolidated its position in the domestic market, Mahindra & Mahindra (M&M) is now looking at ways to expand its presence across international markets, as per a top company executive.
1 min
V. Narayanan named as Isro head
India appointed rocket scientist V. Narayanan as the new head of the Indian Space Research Organisation (Isro), the government said on Tuesday, a key role as India works to become a space superpower.
1 min
MFIs seek support from government
Microfinance institutions (MFIs) on Wednesday sought a dedicated funding mechanism in place and government support to tide over challenges in the sector.
1 min
Centre eyes recovery of tax arrears amounting to ₹46.57 tn
To put the numbers in perspective, the total outstanding is around 14% of India's GDP
2 mins
RBI Lifts Asirvad, DMI Finance's Ban
The Reserve Bank of India (RBI) on Wednesday lifted the business restrictions placed on Chennai-based Asirvad Micro Finance and New Delhi-based DMI Finance with immediate effect.
1 min
Jammu-Srinagar train may start soon
The first train connecting Jammu to Srinagar may begin its commercial run later this month, marking the completion of an over two-decade-old project that would link the Kashmir valley with the rest of the country by a direct railway line.
1 min
How do I ensure my daughters get assets only at 25?
I am 50, a Hindu widower with two (5 and 7 years old) daughters. I want to draft a will bequeathing my assets to them equally. However, I want to add a condition stipulating my daughters will not be entitled to receive the assets until they attain 25 years, so that they have more maturity when they receive them. Can I include such a clause?
1 min
Clear Goals and Discipline: How Small Investors Can Build Lasting Wealth
There is no one-size-fits-all, the answer will depend on your needs, personal preferences
3 mins
UPI: Transforming merchant payments for global visitors
Say goodbye to forex cards as UPI One World makes cashless travel seamless for travellers
3 mins
We should let clarity prevail over nonsense: Here's a handy guide
We must use simple language, empathize with people, not take ourselves too seriously and be kind
4 mins
Lessons from the 75-year-old National Sample Survey
Its impressive history tells us much about innovation, autonomy and state-level data collection
3 mins
Fix India's bond market to lift economic growth
As India's economy slows, we should revive public-private partnerships to attract private investment. But, for debt funding, we'll need to reform and invigorate our market for bonds
2 mins
The Asian Dream is waking up to realities of middle-class life
Asians are realizing that staying middle-class is not guaranteed
3 mins
How Emerging Economies Could Prosper in a Protectionist World
As manufacturing export success gets harder, they should focus on service exports. These are unlikely to face big trade barriers
4 mins
Only human-centred AI can charm humans to adopt it
The AI industry could learn from carmakers how to focus on the consumer and modify perceptions
3 mins
How Bhansali Elevates The First Encounter
Love At First Sight Is An Emotionally Dense Moment, Predicting The Intensity Of The Journey That The Lovers Will Chart
4 mins
From arrack to wine, a bar crawl across Sri Lanka
Cocktail bars in the island nation are drawing on local traditions and flavours to give a heady twist to familiar spirits
3 mins
Mint Chennai Newspaper Description:
Publisher: HT Digital Streams Ltd.
Category: Newspaper
Language: English
Frequency: 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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