Mint Mumbai - December 24, 2024Add to Favorites

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December 24, 2024

Wipro sees the quiet rise of veteran execs

Veterans at Wipro Ltd are steadily rising to the top in Srinivas Pallia's eight months in the corner office, at a time when India's fourth largest technology services firm is working to recover from a full-year revenue decline.

Wipro sees the quiet rise of veteran execs

2 mins

Soaring fancy for flying premium lifts demand, airfares

Indians are opting to fly premium more often, especially on metro routes, as they seek better experiences and business travel grows. That's sent fares for such seats on aircraft soaring through the roof.

Soaring fancy for flying premium lifts demand, airfares

2 mins

Vande Bharats to get a bullet boost

Home-made bullet trains may race down specialized railway corridors in the not-too-distant future.

Vande Bharats to get a bullet boost

2 mins

Big money pours into housing finance firms

Fresh capital from PE, VC firms up tenfold in sector seen as less risky

3 mins

Honda, Nissan tie up big-bang merger

Honda Motor Co. and Nissan Motor Co. took their first historic steps towards merging, in hopes of creating a juggernaut that can survive aggressive competition from China that's roiling the industry.

Honda, Nissan tie up big-bang merger

4 mins

India plans to import 20 more cheetahs, 2 elephants

India is in discussions with Kenya, Botswana and Tanzania to import 20 more cheetahs and two female elephants by March, two government officials said.

India plans to import 20 more cheetahs, 2 elephants

1 min

Weather woes could crush sugar production hopes

Sugarcane yields in India are declining due to last year's drought and this year's excessive rains, which could reduce the country's sugar production below consumption levels for the first time in eight years, farmers and industry officials said on Monday.

Weather woes could crush sugar production hopes

1 min

Regulators must coordinate to protect consumer rights

We are focusing on digital landscape, addressing emerging issues like data privacy, online advertising Pralhad Joshi Union minister of food and consumer affairs

Regulators must coordinate to protect consumer rights

3 mins

GST on corporate sponsorships eased

Shifting the onus of remitting tax on sponsorship deals from the donor is set to enable the donor to lower its overall tax liability

GST on corporate sponsorships eased

2 mins

PNGRB to expand LPG pipeline for safer transport, cost cutting

The Petroleum and Natural Gas Regulatory Board (PNGRB) is planning to expand India's pipeline network for safer and eco-friendly transportation of liquified petroleum gas (LPG), said Anil Kumar Jain, the chairperson of PNGRB.

PNGRB to expand LPG pipeline for safer transport, cost cutting

1 min

Used car platforms set for bumpy ride ahead

GST hike on small cars to hurt margins; buyers, too, may have to pay more

Used car platforms set for bumpy ride ahead

2 mins

Aakash's ex-CEO launches new edtech startup

Sparkl is an AI-powered online one-on-one tutoring platform focusing on 6-12 grades for IGCSE and IB curricula

Aakash's ex-CEO launches new edtech startup

1 min

Sensex, Nifty up after 5-day loss

The Nifty and Sensex dropped about 5% last week, the worst since June 2022

1 min

In emerging markets, 'better luck next year' is a hard sell

Emerging markets-focused investors have had little to celebrate over the past year. Or, for that matter, over the past decade. Now, the prospect of Donald Trump's tariffs and trade wars has some considering abandoning them altogether.

In emerging markets, 'better luck next year' is a hard sell

1 min

Rupee slips to all-time low pressured by weak yuan

The Indian rupee weakened to its lifetime low on Monday, pressured by weakness in the offshore Chinese yuan and strong dollar bids from importers, likely related to month-end payments, while state-run banks' dollar sales capped the decline.

Rupee slips to all-time low pressured by weak yuan

1 min

Banks push for new rate benchmark

A group of Indian lenders has asked the central bank to approve a new benchmark for overnight indexed swaps, according to people familiar with the matter.

Banks push for new rate benchmark

1 min

Polycab India is wired for growth and the stock reflects it

Charged up

Polycab India is wired for growth and the stock reflects it

1 min

Siemens stares at bumpy FY25

Not even Siemens's order inflow has been volatile lately due to chunky orders in some years.

2 mins

In rare crackdown, Sebi halts trading in Bharat Global

BGDL's share price surged 105x over the past year, rising from ₹16.14 in Nov 2023 to ₹1,702.95 in Nov 2024

In rare crackdown, Sebi halts trading in Bharat Global

1 min

Adani to buy Air Works for ₹400 cr

Ahmedabad-headquartered Adani Group's defence arm Adani Defence and Aerospace on Monday entered into an agreement to acquire an 85.8% stake in Air Works, India's largest privately-held aircraft maintenance, repair, and overhaul (MRO) company.

Adani to buy Air Works for ₹400 cr

1 min

Mahindra arm narrows focus to 3 cities

Mahindra Lifespace Developers Ltd, the realty arm of the Mahindra Group, will pause fresh investments in the Delhi-National Capital Region (NCR) region, and narrow operations to markets where it can create a niche as a 'net zero' developer.

Mahindra arm narrows focus to 3 cities

2 mins

Oyo acquires G6 Hospitality

The transaction is expected to add about 1,500 franchised hotels across the US and Canada to Oyo's portfolio

1 min

GEF Capital bets $20 mn on EPACK Prefab

GEF Capital Partners, which last week led a funding round in the global products and solutions unit of Vedanta-owned Sterlite Power Transmission, has made a fresh bet in the modular construction segment.

1 min

Crafting Bharat: Deep-tech edition-How Morphing Machines is revolutionising computing

The semiconductor industry is at the forefront of a technological revolution, driven by the integration of artificial intelligence (AI) in design, production and testing processes.

Crafting Bharat: Deep-tech edition-How Morphing Machines is revolutionising computing

3 mins

High-speed data plans to target concertgoers

Users seek reliable data connectivity when they attend high-profile events

High-speed data plans to target concertgoers

2 mins

Google offers looser search deals as a remedy in US case

The offer comes even as the US government pushes to make Google sell its Chrome browser

Google offers looser search deals as a remedy in US case

2 mins

Poor concert infrastructure triggers a discordant note

India's booming concert scene faces a reality check as logistics fail to keep up with demand

Poor concert infrastructure triggers a discordant note

2 mins

Short-form apps' innovative, local content enthrals users

Regional creators, nano-influencers are redefining digital content by crafting authentic and localized stories

Short-form apps' innovative, local content enthrals users

2 mins

India's external trade braces for an action-packed '25

A silver lining is the border disengagement with China, followed by a bilateral meeting Modi and Xi

India's external trade braces for an action-packed '25

2 mins

Govt spending may power recovery from growth lull

Boost from the festival season and resilient rural consumption are also likely to support growth in H2

Govt spending may power recovery from growth lull

4 mins

RETHINKING THE PURPOSE OF ECONOMIC POLICY

The purpose of economic growth must be to improve the ease of earning and living for all

3 mins

Climate change is now a real and pressing economic threat

Climate change is no longer just affecting lives. It's hurting the economy more than ever before, whether through extreme heat or rain bringing down farm output and driving up prices, or making countries adopt cross-border tariffs to factor in the costs of carbon reduction. And it's only going to get worse.

Climate change is now a real and pressing economic threat

2 mins

INDIA'S CLIMATE AGENDA AND A NEW GREEN ECONOMY

Transition to a green economy could serve as a model for other developing nations

INDIA'S CLIMATE AGENDA AND A NEW GREEN ECONOMY

2 mins

India crosses key clean power milestone, but has miles to go

In the 12 months to October, India installed 24.2GW renewable energy capacity, crossing the 200GW milestone

India crosses key clean power milestone, but has miles to go

4 mins

Trump threatens to take control of Panama Canal, Greenland

China has replaced the United States as the dominant trading partner in Latin America

Trump threatens to take control of Panama Canal, Greenland

4 mins

Xi digs in with top-down economic plan even as China drowns in debt

Xi Jinping is bracing for a showdown, sticking with economic policies aimed at making China the world's most powerful country

Xi digs in with top-down economic plan even as China drowns in debt

7 mins

Non-life insurers' claim ratio falls

Net incurred claims to net earned premium (claims ratio) of non-life insurance industry stood at 82.52% during 2023-24 as against 82.95% in the preceding fiscal, as per the Insurance Regulatory and Development Authority of India's (Irdai) annual report.

1 min

Veteran filmmaker Shyam Benegal passes away at 90

Veteran filmmaker Shyam Benegal, who heralded the Indian parallel cinema movement in the 1970s and 1980s with films such as Ankur, Nishant and Manthan, died on Monday, his daughter Pia said.

Veteran filmmaker Shyam Benegal passes away at 90

1 min

Lohia Auto launches EV brand 'Youdha'

Lohia Auto on Monday announced the launch of EV (electric vehicle) brand 'Youdha' as part of its ₹20-crore expansion plans and said it looks to manufacture and sell 300,000 electric vehicles (EV) under the brand by 2027.

Lohia Auto launches EV brand 'Youdha'

1 min

Residential sector is big polluter: study

Residential emissions were found to be a leading contributor to the local PM2.5 pollution. REUTERS

Residential sector is big polluter: study

1 min

Jio loses 3.8 million wireless subs in Oct

India's largest telecom operator Reliance Jio lost 3.76 million wireless subscribers in October but spruced up its active mobile subscriber base by adding 3.84 million users, as per monthly data released by the Telecom Regulatory Authority of India on Monday.

Jio loses 3.8 million wireless subs in Oct

1 min

DAM Capital IPO subscribed 82 times

The initial public offer of investment bank DAM Capital Advisors Ltd was subscribed 81.88 times on the closing day of bidding on Monday.

1 min

First ONOE panel meeting on 8 Jan

The first meeting of the 39-member parliamentary panel on ‘one nation, one election’ (ONOE) is set to be held on 8 January, setting the tone for nationwide deliberations on the key poll reform measure of the Prime Minister Narendra Modi-led NDA government.

1 min

B'desh minister says country wants ex-PM Hasina extradited

Bangladesh-India ties took a hit after interim government led by Yunus assumed power

1 min

ICAI probing Byju's alleged audit errors

Chartered accountants' apex body ICAI (Institute of Chartered Accountants of India) president Ranjeet Kumar Agarwal on Monday said its disciplinary committee is investigating alleged auditing lapses at edtech firm Byju's.

1 min

By 2027, data centre capacity to double

India's data centre capacity is set to more than double to 2-2.3GW (gigawatts) by 2026-27, led by increasing digitalization as organizations increase their investments in cloud storage, Crisil Ratings said in a report.

1 min

Sriram Krishnan: US' new AI advisor

US President-elect Donald Trump on Sunday named Indian American entrepreneur, venture capitalist and author Sriram Krishnan as senior white house policy advisor on artificial intelligence (AI).

Sriram Krishnan: US' new AI advisor

1 min

CLIMATE: EVERYTHING EVERYWHERE ALL AT ONCE

2024 is going to be the hottest year ever recorded. As global warming smashes safety barriers, what did we learn?

CLIMATE: EVERYTHING EVERYWHERE ALL AT ONCE

10 mins

Is overseas PF withdrawal taxable in India?

I worked in Singapore from 2001 until I moved back in 2020. My PF account was closed under their updated rules and I received the balance in my Indian account in August. Will this amount be taxable in India?

Is overseas PF withdrawal taxable in India?

1 min

BUDGET WISHLIST: GREEN PERKS, TAX BREAKS, REFORMS

With a new income tax law in the works, it is an opportune time for unified tax regime

3 mins

Navigating credit card options for seniors: Bank ties, FDs and more

Here's everything you need to know about the secured and unsecured credit card options for senior citizens

3 mins

Climate change: Everything everywhere all at once

details are sorted in 2025, it should bridge the gap between ease of use and the integrity of the trading process.

Climate change: Everything everywhere all at once

2 mins

We need more sectors to become reliable dollar earners

India must tap new export opportunities, especially in service sectors like tourism and education

3 mins

Cash transfers must not lead states to fiscal ruin

A political imperative amid hard times for multitudes could turn into a race to the bottom.

Cash transfers must not lead states to fiscal ruin

2 mins

Too many outcome shapers are too distant from ground realities

The ivory tower is all too real. It explains a key deficiency in well-intentioned but useless analysis

3 mins

Piketty's tax advice for India should provoke thought

The country all but embraced Reaganomics but it may be time to address worsening inequality

4 mins

AI robots are on their way and they're likely to be Asian made

Artificial intelligence is breathing new life into robotics in Asia

AI robots are on their way and they're likely to be Asian made

3 mins

The education imperative: May Parliament rise to the challenge

A country can't prosper if too many children are left behind and it's for our parliamentarians to transform this grim reality

The education imperative: May Parliament rise to the challenge

4 mins

Deepak Chopra's latest vision: Integrating AI & well-being

Indian-American author & new-age guru Deepak Chopra is optimistic about the power of AI in enabling personal growth

Deepak Chopra's latest vision: Integrating AI & well-being

4 mins

Combatting compassion fatigue with self-care

For people in jobs that require them to be in the front lines of a crisis, vicarious trauma is normal. Surviving it requires conscious care

Combatting compassion fatigue with self-care

4 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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