Mint Hyderabad - December 20, 2024Add to Favorites

Mint Hyderabad - December 20, 2024Add to Favorites

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December 20, 2024

Building worker homes near factories will boost competitiveness

Niti Aayog, the Union government's policy think tank, has called for building workers' homes closer to factories by amending existing industrial zoning laws, in order to boost labour productivity and enhance the competitiveness of the country's manufacturing sector.

2 mins

In the works: Repairability Index for consumer durables

India cannot be a dumping ground for inferior-quality products, says minister Pralhad Joshi

2 mins

Standardize power purchase pacts

The Estimates Committee has called for setting definite approval timelines to expedite the signing of PPAs

2 mins

Discrepancy in Nov trade data suspected

India's gold imports in November reached a record high of $14.86 billion, registering a fourfold jump

1 min

Govt plans jail terms, fines for illegal loans

The government is seeking to clamp down on unregulated lending with a proposed law that would impose prison terms of up to seven years and fines for unauthorized loans, including those through digital platforms.

1 min

Cinnamon Wealth readies to float debut private credit fund

Cinnamon Wealth, which is a women-focused asset and wealth management company, is all set to launch its maiden private credit fund, the Women Enterprisers Fund, by January, a top company executive told VCCircle.

2 mins

Multiples PE makes its second bet on the logistics sector

Private equity firm Multiples PE, founded by Renuka Ramnath, has made its second bet on the logistics sector, with a $35 million (nearly ₹300 crore) investment in INSTANT-XP for a minority stake.

1 min

AI meets 3D hologram tech

Holographic devices combine 3D projections with AI, allowing users to interact through speech and gestures

3 mins

What Sebi's latest reforms mean for SME IPOs and MFs

The Securities and Exchange Board of India (Sebi) approved several key amendments to improve business operations, investor protection, and the efficiency of market participants.

1 min

CGD stocks climb wall of worry

State-run city gas distribution (CGD) firms are bracing for a decline in earnings in the December quarter (Q3FY25). The recent 36% average supply cut in cheaper natural gas allocated by the government is to blame.

2 mins

Coromandel is betting on gains from backward integration

Despite a dull first half (H1 FY25), shareholders of Coromandel International are brimming with optimism. The fertilizer firm's stock hit a new 52-week high of ₹1,882 on Wednesday, taking its gains so far this year to 46%.

1 min

Ajmera bets on acquisitions, JVs to expand m-cap tenfold to $5 bn

Ajmera Realty and Infra India Ltd aims to expand its market capitalization (m-cap) by 10x to $5 billion through acquisitions and joint ventures (JVs), said Dhaval Ajmera, director at Ajmera Group.

1 min

RBI flags state sops even as taxes, spend quality improve

The average buoyancy of state tax revenue rose post-pandemic to 1.4 from the pre-pandemic average of 0.86

2 mins

I-bankers see more China IPOs in 2025

Investment bankers are pinning hopes on initial public offerings in Asia to grab a bigger slice of equity capital markets volumes in 2025, after such transactions fell to the smallest proportion in eight years as Chinese deals remained muted.

1 min

Pricing probe: CCI raids Pernod, AB InBev

An anonymous complaint alleged Telangana sellers formed \"cartel-like\" pacts to boycott all brands but AB InBev's

1 min

SFB bid: Fino to bet on merchant loans

Fino Payments Bank plans to use its network of merchants as the first set of customers to lend to, while also using them as loan collection points, if the regulator approves its proposal to convert into a small finance bank.

2 mins

Delhi HC rejects tax plea against Western Union

The Delhi high court rejected a plea by the income tax department against American multinational Western Union Financial Services, citing provisions of the India-US double taxation avoidance agreement (DTAA).

1 min

Accenture clocks $1.2 billion Gen AI orders in Nov quarter

Overall spending environment hasn't changed, abundant skills available in India: Accenture

3 mins

Micromax, Phison set up JV for storage chips

MiPhi has started manufacturing from Micromax's Greater Noida facility

2 mins

Star dubs lift Hollywood films in India

Dubbing by Indian superstars like Shah Rukh Khan and Mahesh Babu can greatly lift the reach and box office potential of Hollywood animation films releasing in the local theatres.

2 mins

Unable to criticize Putin, Russian oligarchs turn ire on central banker

Recent additional U.S. sanctions caused the ruble to plummet, while local companies are slashing expansion plans

4 mins

The next big Fed debate: Has the era of very low interest rates ended?

Fed officials are trying to figure out the just-right interest rate. Some think they may be close

5 mins

The last-ditch efforts to win over critics of the Nippon-U.S. steel deal

The takeover bid has run into opposition from politicians and union leaders as well as skepticism from investors

4 mins

PE investment in Indian real estate up 32% in 2024: Knight Frank

Indian real estate attracted $4.15 billion of private equity (PE) investments this calendar year, up 32% annually, led by higher inflow in the housing segment, according to Knight Frank India.

1 min

Air India orders 34 trainer aircraft

Air India has placed an order for 34 trainer aircraft, including 31 single engine planes, for its flying training organisation in Maharashtra that is expected to come up by the second half of 2025.

1 min

Tata denies reports on Starbucks exit

Tata Consumer Products Ltd (TCPL) on Thursday denied reports on the exit of cafe chain Starbucks from the Indian market, terming them as \"baseless\".

1 min

Ola Electric set to expand network

Ola Electric on Thursday said it will expand its sales and service network to about 4,000 outlets on 25 December.

1 min

Supply-chain issues ground 102 aircraft

The government on Thursday said 102 aircraft are on the ground due to supply-chain issues and that it has been encouraging development of the ecosystem for manufacturing of planes by public as well as private enterprises in the country.

1 min

EV market likely to touch ₹20 tn by '30

Transport minister Nitin Gadkari says EV market has potential to create 50 million jobs by 2030.

1 min

Genesis to acquire stake in SpiceJet

SpiceJet on Thursday said aircraft lessor Genesis will acquire a stake worth $4 million in the airline as part of settling a more than $16 million dispute.

1 min

Bharti Airtel clears 2016 spectrum dues

Indian telecom carrier Bharti Airtel has made an early payment of ₹3,626 crore to the government, the company said on Thursday, settling all its liabilities for the spectrum acquired in 2016.

1 min

The ombudsman dilemma: Free relief or stacked deck?

With rejected claims and rising dispute barriers, can policyholders match the insurers' clout?

4 mins

WHY PHYSICAL BANK BRANCHES REMAIN CRUCIAL IN AN ERA DOMINATED BY DIGITAL

Trust, human engagement, and relationship management remain crucial for customers

2 mins

We should expect 12 AI trends to stand out in 2025 and beyond

The first four predictions are about enhanced human-AI interaction and how our lives will change

3 mins

Let footpaths lead us to faster economic growth

If good roads are signposts of prosperity, so are urban walkways. But India's pedestrian infrastructure suffers neglect that an economy in need of inclusive growth cannot afford

2 mins

The US Fed seems as clueless as markets about its 2025 path

Powell didn't dwell on Trump uncertainty. That's understandable

3 mins

Lots of Christmas cheer and art

A Mint guide to what's happening in and around your city

1 min

The history of a heritage sweater that's always hot

Fair Isle designs have, through centuries, followed geometric patterns, along with symbols related to the island life

3 mins

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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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