Mint Bangalore - January 02, 2025Add to Favorites

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January 02, 2025

Meteorological dept says 2024 was India's hottest yr since 1901

The year 2024 was the warmest on record in India since 1901, with the average minimum temperature settling 0.90 degrees Celsius above the long-period average, the IMD said on Wednesday.

1 min

Govt clears ₹69,515 cr crop insurance outlay

The cabinet promised to keep prices of DAP stable at ₹1,350 per 50kg bag

2 mins

Judicial efficiency: Case clearance outstrips backlog for the first time

In a first across Indian courts, the number of cases disposed of in a year is higher than the number of cases pending, according to data from the National Judicial Data Grid (NJDG).

2 mins

Commercial LPG, ATF prices lowered

ATF prices were cut on Wednesday after they were increased for two consecutive months

1 min

India's petroleum exports dip in Nov

During the April-to-November period, petroleum product exports amounted to $44.61 billion

2 mins

The Visas Dividing MAGA World Help Power the U.S. Tech Industry

Behind the uproar over the H-1B visa is a simple fact: America's tech industry is hooked on imported labor.

2 mins

Kati Patang to buy, incubate small alcohol biz to expand

Kati Patang has raised ₹25 cr year-to-date and additional ₹10 cr from existing investors from a share-swap deal

3 mins

Alibaba to Sell Sun Art Retail to DCP Cap for $1.6 Billion

Alibaba Group Holding Ltd agreed to sell its shares in Sun Art Retail Group Ltd to private equity firm DCP Capital, unloading another high-profile physical commerce asset to focus on its core online business.

1 min

Mswipe Eyes International Market for Higher Margins

The payments fintech will enter Malaysia, Nepal, the UK and other markets to boost its biz

3 mins

Will Ola Electric Mobility's Motorcycle Bet Pay Off?

Ola Electric Mobility Ltd's stock has fallen by nearly 10% after it said on 25 December that it would expand its network to 4,000 outlets from 800 to improve customer service.

2 mins

Rupee: New Worry for Paint Cos

Losing sheen Leading decorative paint companies can see further margin contraction due to elevated operating expenses.

2 mins

Should you avoid metal stocks in 2025?

While sectors like financials and information technology (IT) are stealing the spotlight with bullish predictions, metals seem to be the market's underdog.

2 mins

Small-film producers split streaming rights to maximize revenue

Platforms are also striking deals based on how many new subscriptions they hope to build from a title

2 mins

MFIN defers capping lenders

Microfinance Industry Network has reduced the number of lenders per borrower to 3, now effective 1 April

2 mins

Telcos' Q2 revenue rises to ₹91,426 cr on tariff hike boost

Telecom operators' gross revenue increased 10.5% year-on-year (y-o-y) to ₹91,426 crore in the September 2024 quarter—the period when mobile service providers increased tariffs, according to a TRAI report.

1 min

Drug firms amp up hiring for top roles as growth beckons

West's diversification out of China, upcoming change of law in US set stage for growth

2 mins

Sikhya eyes films for theatres, web originals

Sikhya, set up in 2008 and known for acclaimed films, has also started work on the next season of Gutar Gu

1 min

Pushpa 2 and question of star liability

Even as Pushpa 2: The Rule cements its position as one of the biggest hits of all time in India, lead actor Allu Arjun has been embroiled in a massive controversy over a stampede during the screening of the Telugu film at Sandhya Theatre in Hyderabad where he was present, that led to the death of a woman and left her minor son critically injured.

2 mins

Carmakers Ride to Record Domestic Sales

SUV growth, rural demand played a key role in driving up car sales

2 mins

Cease-fire deal between Hamas and Israel likely to elude Biden

Cease-fire talks between Palestinian militant group Hamas and the Israeli government have hit an impasse in recent days, Arab mediators said, making any deal unlikely before the end of the Biden administration.

3 mins

SEC Writes Off $10 Billion in Fines It Can't Collect

Paul Bilzerian has been on the run from the Securities and Exchange Commission for so long that he now owes the agency $180 million with interest—almost three times what a court initially ordered him to pay.

4 mins

The Five Biggest Roadblocks to Trump's Immigration Agenda

Donald Trump will confront funding, legal challenges to turn campaign rhetoric into policy

5 mins

A-One Steels files DRHP with Sebi

Integrated steel manufacturer A-One Steels India has filed preliminary papers with capital markets regulator Securities and Exchange Board of India (Sebi) to raise ₹650 crore through an initial public offering (IPO).

1 min

Markets rebound in first session of '25 on buying in blue-chips

Benchmark Sensex and Nifty started the New Year on a high note with the key indices closing higher in a see-saw trade on Wednesday on buying in blue-chip stocks.

1 min

House prices may see modest growth

India's primary housing market may register a modest single-digit price rise in 2025 after appreciating by an average 21% last year as developers are expected to boost new supply to match demand, according to experts.

1 min

'Air India will raise its global coverage'

Air India chief Campbell Wilson says the airline has covered a lot of ground since privatisation.

1 min

UltraTech Names New CEO for ICL

India Cements Ltd (ICL), now a subsidiary of UltraTech, has announced the appointment of new leadership for the company, following the exit of its former promoters including N. Srinivasan as managing director and chief executive officer from the South-based cement maker.

1 min

Sasan Power Pays $150 Mn to IIFCL

Reliance Power on Wednesday said its arm Sasan Power Ltd has made a bullet payment of $150 million to IIFCL, UK, fulfilling its debt obligation on 31 December 2024.

1 min

'Qcomm will rival ecomm in 2025'

The quick commerce industry will reach a stage in 2025 where it will be comparable to traditional e-commerce giants like Amazon and Flipkart, Zepto co-founder and chief executive officer Aadit Palicha has asserted.

1 min

Centre, states collect gross GST revenue of ₹1.76 tn in Dec

This was the lowest collection in 3 months but showed a rise of 7.3% from last year

1 min

The Bull Whose Climax Is Worth ₹50,000

Anmol, according to his owner, has fathered over 25,000 calves

7 mins

Rupee Slide: What It Means for India and Your Wealth

Investments must align with your objectives and risk appetite, not currency depreciation

3 mins

Are Diamonds Forever? Insights From 22 Years of Zero-Return Saga

Diamonds, synonymous with luxury, captivate investors, but their investment potential tells a different story

4 mins

Our Consumption Study Doesn't Feed Policy Well

India's latest survey of household spending on consumption picks up significant trends but offers an unclear snapshot of upper-end expenses. Policy cues should be taken selectively

2 mins

Manmohan's understated leadership set a fine example

His self-assured openness to all views was an inspiration for decision makers keen to resist groupthink

4 mins

The Union Budget Should Focus on Lifting Consumption Growth

That is key, since investments haven't picked up, but there may be little fiscal space for big tax cuts

3 mins

Let's act now to create a resilient, adaptable and skilled workforce

Our demographic dividend, coupled with skills adapted for new opportunities, can give us a competitive advantage globally

3 mins

The bar for successful obesity drugs has been rising sharply

Nothing else explains why Novo's stock fell after a drug test result

3 mins

Abandon Myopic Policies for the Common Global Good

Policies of the US, China and India Should Prioritize Long-Term Gains and Their People Must Push for It

3 mins

Smart Gnomes, Evil Penguins and Stop-Motion

Wallace & Gromit Are Back for a Full-Length Adventure With a Familiar Foe

2 mins

Indian Art May Be Poised for a Global Breakthrough

Early last year, Delhi-based Rohini Devasher became the first Indian to be recognised by Deutsche Bank as their 'Artist of the Year'. This led to her first major monographic exhibition, Borrowed Light, which opened in Berlin at the Palais Populaire in September and will be on display till early March.

3 mins

5 Contemporary Artists on the Books That Inspire Them

Leading Indian artists such as Shilpa Gupta, Anju Dodiya and Thukral & Tagra share their favourite recent reads

1 min

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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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