Mint Mumbai - November 11, 2024Add to Favorites

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November 11, 2024

Electric 3-wheeler subsidies for FY25 halt as sales hit cap

The removal of a central government subsidy will likely make popular electric three-wheelers dearer for the rest of this fiscal year, potentially disrupting sales of manufacturers such as Bajaj Auto, Mahindra Last Mile Mobility and Piaggio.

Electric 3-wheeler subsidies for FY25 halt as sales hit cap

2 mins

Gold loans glitter on personal loan crackdown

The regulatory clampdown on unsecured personal loans has given a fillip to loans against the yellow metal, with gold loans soaring in the last few months.

2 mins

NFRA begins audit standards overhaul

Review of ICAI's 38 audit standards, plus two quality standards

NFRA begins audit standards overhaul

3 mins

THE WORRYING RISE OF FRAUDSTERS ON THE PROWL ONLINE

Within the first three months of 2024, fraudsters had extorted sums totalling ₹120.3 crore

3 mins

Clean energy sees surge in foreign investment but other sectors decline

Foreign Direct Investment (FDI) equity inflows in the non-conventional energy sector surged in the first three months of this financial year, making it the tenth-largest FDI destination of all time, underscoring rising global interest in India's green energy initiatives.

1 min

PSUs in a bind on arbitration powers

The Supreme Court's move to slash the powers of state-run companies to unilaterally appoint arbitrators on Chief Justice D. Y. Chandrachud's last day in office leaves the country's public sector units (PSUs) in a cloud of uncertainty.

PSUs in a bind on arbitration powers

2 mins

EPFO sees 7.6% rise in pension payers

The Employees Provident Fund Organisation (EPFO) saw a 7.6% rise in contributors in FY24, and adopted a new policy to support dependents and wards of EPFO employees who died during the pandemic, a press release said.

1 min

India's infra ambitions to get a new X factor: The military

The initiative under PM Gati Shakti will build dual-use road, port, power and airport projects

India's infra ambitions to get a new X factor: The military

2 mins

Cell for handling new health crises planned

The cell would meet regularly during crises, or it would meet as and when required to fix priorities

1 min

FROM PERENNIALLY CAPITAL-STARVED TO PROVIDER OF CAPITAL

Calls from foreign HR feel like a 'Follow' request from a college crush to Bertie

FROM PERENNIALLY CAPITAL-STARVED TO PROVIDER OF CAPITAL

4 mins

SBI's core performance soft in Q2

State Bank of India Ltd (SBI) has reported an impressive jump of 51% year-on-year (y-o-y) in its September quarter (Q2FY25) standalone pre-provisioning operating profit (PPoP) to ₹29,295 crore.

SBI's core performance soft in Q2

2 mins

Nifty earnings growth estimate for FY26 looks tough to achieve

More reforms are needed on land, labour, farm and judiciary to improve the investment climate Nilesh Shah MD, Kotak Mahindra Asset Management Co.

Nifty earnings growth estimate for FY26 looks tough to achieve

3 mins

Land deals soar amid India's housing boom

Godrej Properties has made 10 land acquisitions so far this fiscal year

Land deals soar amid India's housing boom

2 mins

Warner Music India invests in SkillBox, enters live shows biz

Investing in SkillBox blends with Warner Music India's aim of being artiste-first, fan-first, said its MD Jay Mehta

Warner Music India invests in SkillBox, enters live shows biz

1 min

Trump fuels Bitcoin surge to $80,000 for the first time

Bitcoin is closing in on $80,000 for the first time, boosted by President-elect Donald Trump's embrace of digital assets and the prospect of a Congress featuring pro-crypto lawmakers.

Trump fuels Bitcoin surge to $80,000 for the first time

1 min

Rising rural incomes swell FMCG basket

Digital payments are also on the rise, with 42% of rural internet users now using these services

Rising rural incomes swell FMCG basket

2 mins

Mr Beast, Logan Paul to find India a tough market to crack

No. 1 YouTuber launches Feastables chocolates, wrestler-creator to sell Prime energy drinks

Mr Beast, Logan Paul to find India a tough market to crack

2 mins

Malai kulfi to jaggery: Indian liquor firms infuse heritage into spirits

India's alcohol business is getting a flavourful makeover as local distillers infuse their spirits with a rich mix of regional ingredients.

Malai kulfi to jaggery: Indian liquor firms infuse heritage into spirits

2 mins

'India to be among the top 3 markets for WPP'

WPP to expand India team with Chennai campus as a strategic global hub

'India to be among the top 3 markets for WPP'

2 mins

Vedanta Resources cuts debt by $4.7 bn

Vedanta's zinc and aluminum production volumes have also reached record levels, says Anil Agarwal

1 min

Star-backed, smaller content-driven films land box office wins

In a competitive landscape, stars as producers or promoters can attract a broader audience to smaller films

Star-backed, smaller content-driven films land box office wins

1 min

China courts U.S. allies as defense against Trump's protectionism

Beijing hopes to use 'proactive' tariff cuts and investment offers to draw American partners in Europe and Asia

China courts U.S. allies as defense against Trump's protectionism

5 mins

US ordered TSMC to halt shipments of AI chips to China

The US ordered Taiwan Semiconductor Manufacturing Co. (TSMC) to halt shipments of advanced chips to Chinese customers that are often used in artificial intelligence applications starting Monday, according to a person familiar with the matter.

2 mins

How ChatGPT brought down an online education giant

Chegg's stock has dropped 99% as students looking for help with homework defect to artificial intelligence

How ChatGPT brought down an online education giant

4 mins

'Natural gas will benefit Northeast'

Exploration and monetisation of natural gas deposits in the northeastern region can help cut down its import, while boosting the local economy and providing more trade opportunities, a top official of the Indian Gas Exchange (IGX) said.

'Natural gas will benefit Northeast'

1 min

Not worried about US election results, says EAM Jaishankar

EAM holds frequent talks with foreign govts, corporates on interest in Indian talent

1 min

Govt gets ₹3,449 cr from HZL OFS

The government has raised ₹3,449 crore through offer-for-sale (OFS) in Hindustan Zinc Ltd by selling about 1.6% stake.

1 min

Sanjiv Khanna to be sworn in as the 51st chief justice today

Justice Sanjiv Khanna, who has been part of several landmark Supreme Court judgments like scrapping the electoral bonds scheme and upholding abrogation of Article 370, will be sworn in as the 51st Chief Justice of India on Monday.

Sanjiv Khanna to be sworn in as the 51st chief justice today

1 min

Singapore Airlines to invest more in AI

Singapore Airlines will make an additional investment of ₹3,194.5 crore in Tata Group-owned Air India post the merger with Vistara in November.

Singapore Airlines to invest more in AI

1 min

'India good market for Sony's gaming'

India is emerging as a \"good opportunity market\" in the gaming business for the consumer electronic major Sony, its India managing director Sunil Nayyar said.

'India good market for Sony's gaming'

1 min

India Infra Fin plans subsidiary for ABS

The India Infrastructure Finance Co. Ltd (IIFCL) is planning to set up a subsidiary to issue asset-backed securities (ABS) or covered bonds, as it aims to securitise its assets and conserve capital for further business growth.

1 min

Sebi may expand scope of UPSI

To enhance transparency in market disclosures, Sebi is looking to broaden the scope of Unpublished Price-sensitive Information (UPSI) by including proposed fundraising activities, restructuring plans, and one-time bank settlements.

1 min

Coal import rises 8% in Apr-Sep

India's coal import rose by 7.8% to 140.6 million tonnes (mt) in the April-September period of the ongoing financial year.

Coal import rises 8% in Apr-Sep

1 min

Black Box Q2 net profit rises 60%

Essar Group's IT arm Black Box has reported a 60% jump in consolidated net profit to ₹51.14 crore for the July-September quarter, helped by operating leverage.

1 min

HAI mulls govt aid for smaller hotels

Hotel Association of India (HAI) is considering asking government to provide incentives to small hotel operators for adopting sustainability practices, as per its secretary general M.P. Bezbaruah.

1 min

WHAT TRUMP 2.0 MEANS FOR INDIAN INVESTORS

Some domestic sectors are expected to gain from Trump’s stated policy stance. Here’s how to reposition your portfolio

WHAT TRUMP 2.0 MEANS FOR INDIAN INVESTORS

7 mins

SOLVING FINANCIAL ENMESHMENT FOR A RESILIENT SOCIETY

Balancing family support with individual autonomy helps promote sound financial health

2 mins

EPF interest delays: How does it impact compounding, tax filing?

Subscribers urge EPFO to credit interests on time amid rising concerns over fund transparency, tax implications

EPF interest delays: How does it impact compounding, tax filing?

5 mins

What a car loan costs you

It is tempting to buy a new car, be it an upgrade, a first car or another car for the family.

What a car loan costs you

1 min

Why 'liberals' are often bad ambassadors of good ideas

They may say all the right things but the preachy way they go about it works against their own cause

4 mins

It's for CEOs to ensure that their businesses are consumer centric

The insight generation needed to meet growth objectives is an exercise that requires top sponsorship

3 mins

Jet's liquidation was not an optimal destination

The prolonged turbulence of its revival failure exposes flaws in India's insolvency process, but 'complete justice' isn't served by the duopoly market for aviation that we've flown into

Jet's liquidation was not an optimal destination

2 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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