Mint Mumbai - November 28, 2024
Mint Mumbai - November 28, 2024
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November 28, 2024
Bankruptcy body for creditors trying out mediation first
India's bankruptcy regulator and the central government will consider making mediation mandatory between defaulting companies and their creditors before moving proceedings into bankruptcy courts, two persons informed about the development said.
2 mins
Mega aviation package to cut levies, ease rules soon
Niti Aayog leads effort to make India aviation hub, involving multiple ministries
3 mins
Seaweed cure in sight for bovines' methane burps
Indian cows and buffalos may be put on a diet of seaweed to tackle the problem of bovine burps, the methane-emitting scourge, in the fight against climate change.
3 mins
Edtechs, coaching centres snag IIT grads with lucrative offers
India's edtech sector has hired several thousand graduates from the famed Indian Institutes of Technology (IITs)—both from campus and laterally—as teachers over the past five years.
3 mins
A 3-second video clip holds lessons for film contracts
Actor Nayanthara's public dispute with actor-producer Dhanush may stem from the denial to use a three-second behind-the-scenes clip from her film for a documentary.
3 mins
Donald Trump rounds out his economic team
President-elect Donald Trump rounded out his economic team on Tuesday, selecting Kevin Hassett, a longtime adviser, to lead the National Economic Council and the trade lawyer Jamieson Greer to be his U.S. trade representative.
3 mins
Piyush Goyal calls for stronger trade ties with France
Union commerce and industry minister Piyush Goyal on Wednesday urged France and India's Asia-Pacific partners to strengthen trade ties, advance technological collaboration to tackle global challenges such as climate change, and expand defence partnerships.
1 min
India's trade with Russia hits $66 bn in 2024, says envoy
A senior Russian diplomat on Wednesday said bilateral trade between the two countries reached a record $66 billion in 2024, marking a fivefold increase over the past five years, with a 9% rise in the first eight months of this year.
1 min
Vaishnaw urges stronger curbs on social media, OTT content
Union minister Ashwini Vaishnaw on Wednesday said that there is a need to strengthen existing regulations to curb vulgar content on social media and over-the-top (OTT) platforms, and called for a consensus on the same.
1 min
India moots fund to end plastic pollution
The multilateral fund proposed by India will provide grant-based finance to developing countries
2 mins
Bilateral trade numbers from China, India show rising gap
India's reported imports from China has fallen significantly short of China's export figures
2 mins
Influencers wait for investors
Venture capitalists are circumspect when it comes to investing in influencer-backed businesses
3 mins
LegalPay: Cost-effective solutions to complex disputes
Businesses today struggle with unpaid dues, rising debt, and increasing defaults, leaving them financially strained and unable to grow.
1 min
Former Peak XV MD Piyush Gupta launches Kenro Capital
Gupta also said that Kenro is in discussions to raise funds, but did not divulge more details
2 mins
Apple misses out on smartphone mkt rebound in 2024
Global smartphone sales rebounded strongly in 2024 after two successive years of decline, but Apple Inc. barely managed growth, an independent study showed, underscoring the speed with which Android-based rivals are gaining ground in China and emerging markets.
1 min
Stellaris Venture launches $300 mn fund, its largest ever
With this new fund, the investment firm has more than $600 million in assets under management
2 mins
Aster DM eyes fresh funding to buy rest of the stake in arm
Listed hospital chain Aster DM Healthcare Ltd is planning to raise fresh capital from select investors as it moves to acquire the remaining ownership in its wholly owned subsidiary, Aster Aadhar Hospital (Prerana Hospital Ltd), in Maharashtra.
1 min
PAG lines up $375 mn loan for firm's largest India buyout
PAG, one of Asia's biggest alternative asset managers, has lined up a $375 million buyout loan with four banks for its planned acquisition of India's largest rigid plastic packaging provider, according to people familiar with the matter.
1 min
Dollar sale by RBI is starving banks
Indian banks suffered a deficit of liquidity this week for the first time in two months as dollar sales by the authorities to support the rupee drained cash from the financial system.
1 min
Rupee falls 15p to 84.44 a dollar
The dollar index, which gauges the greenback's strength against six currencies, was trading lower by 0.46%
1 min
Airtel is setting a good tone
It was a foregone conclusion that Indian private telecom companies would do well in the September quarter (Q2FY25) thanks to the tariff hikes taken in July and the ongoing premiumization trend of SIM card upgrades.
2 mins
Niva Bupa to gain from premium hike, lower expense ratio
Niva Bupa Health Insurance Co. Ltd's first earnings post-listing show its performance is significantly better than that of the Indian health insurance industry in the first half (H1FY25).
1 min
Aircastle settles insolvency case with SpiceJet for $5.6mn
In a relief to SpiceJet, Ireland-based aircraft lessor Aircastle has withdrawn its insolvency case against the budget airline after reaching a $5.6 million settlement.
1 min
Good Glamm's Saggi said to be starting electronics biz
Good Glamm has been trying to sell some key brands including Sirona and The Moms Co.
2 mins
Indian airlines riding high on wedding season travel surge
Flight and charter bookings spike as 3.5 million weddings are expected from Nov to mid-Dec
2 mins
AGEL gets 2nd extension in AP
Adani Green was contracted to supply 3,000 MW of renewable electricity to Andhra Pradesh starting March 2024
2 mins
JLR now has to take on its Chinese partner at home
Chery's UK push comes after JLR was forced to defend its teaser ad for Jaguar's new all-electric image
1 min
Adani shares leap after clarification on alleged FCPA violations
Shares of Adani Group companies surged as much as 20% on Wednesday after Adani Green Energy Ltd said the US authorities had not indicted its top executives for violating the Foreign Corrupt Practices Act (FCPA).
1 min
BYD seeks price cuts as auto war escalates
Chinese automaker BYD is asking its suppliers to cut their prices, in a sign that a brutal price war in the world's largest auto market is set to escalate.
1 min
Musk wants $2 trillion of spending cuts. Here's why that's hard.
Social Security benefits cost the U.S. government $1.45 trillion in the most recent fiscal year, according to CBO estimates
3 mins
China is bombarding tech talent with job offers. The West is freaking out.
Chinese firms are offering to triple engineers' pay as they try to catch Silicon Valley and other hubs in a battle for tech supremacy
6 mins
ICC prosecutor seeks arrest of Myanmar's military chief
The International Criminal Court's (ICC) chief prosecutor asked judges on Wednesday to issue an arrest warrant for the head of Myanmar's military regime for crimes committed against the country's Rohingya Muslim minority.
1 min
Godrej Properties launches ₹4K cr QIP
The Mumbai-based real estate company Godrej Properties Ltd is looking to raise approximately ₹4,000 crore through a qualified institutional placement (QIP) with an indicative offer price of ₹2,595 per equity share, according to the term sheet reviewed by Mint.
1 min
Airfares moderated in 2024, says govt
The government has said airfares have moderated in 2024 compared to 2023 and notably, a decline in air ticket prices was observed in various routes during festival seasons.
1 min
Samsung gets non-family, woman CEO
Kim Kyung-Ah also becomes the second woman to lead a Samsung affiliate.
1 min
Airports in Mumbai, Delhi get HC notice
The Delhi high court's division bench on Wednesday issued notices to Delhi International Airport Ltd and Mumbai International Airport Ltd, subsidiaries of GMR Airports Ltd and Adani Airport Holdings Ltd, in response to a petition filed by Airports Authority of India (AAI) over the revenue-sharing model.
1 min
Welspun One raises funds for storage
Welspun One said on Wednesday it will invest an additional ₹2,000 crore ($237.3 million) to expand its Mumbai warehouse, aiming to capitalize on strong cargo movement as more companies set up manufacturing bases in the country.
1 min
SoftBank, InMobi eye collaboration
Japan's SoftBank group founder Masayoshi Son, who is on a visit to India, reportedly met InMobi's founder and CEO Naveen Tewari on Wednesday and discussed further potential collaborations in consumer tech and AI, according to persons in the know.
1 min
Macnica Holdings eyes targets in Asia
Japanese chip distributor Macnica Holdings Inc. is seeking possible acquisition targets in other parts of Asia, a sign of industry pressures to consolidate.
1 min
Ceasefire appears to hold as Lebanese head to their homes
Fighting between Israel, Hezbollah had escalated in mid-September into all-out war
1 min
Parliament session adjourned on day 2
Parliament failed to transact any significant business on the second day of the winter session as protests by opposition members who were pressing for discussions on allegations of irregularities against the Adani group, Sambhal violence and other issues rocked both Lok Sabha and Rajya Sabha on Wednesday.
1 min
Users spend more on Q-comm: Study
Quick commerce has gained in popularity in India, with 91% of online consumers aware of such platforms and more than half having used them recently, according to a report released by Meta.
1 min
CAN COFORGE TAKE ON BIGGER BOYS FOR DEALS?
The IT company, a stock market darling, will have to take on Wipro, Tech M and others to maintain its rapid growth
8 mins
Retirement Ready? Here Are Some Essential Tips For Financial Security
57% of urban Indians worry their retirement savings will deplete within a decade
3 mins
How to build a corpus of ₹1 cr in 6 yrs on annual income of ₹20L
My husband and I earn ₹20 lakh every year and invest ₹40,000 every month through a systematic investment plan (SIP), which I started two months ago.
1 min
Are multi-asset funds a good option amid the market rally?
MAAFs are structured to invest in a mix of asset classes, offering diversification benefits
4 mins
PAN 2.0 must aim to end fraud via impersonation
It's welcome that tax authorities are simplifying processes for holders of permanent account numbers. The tech overhaul should also ensure sufficient checks to minimize PAN-theft fraud
2 mins
We should fix the business of opinion polling in India
Pollsters need self-regulatory mechanisms that can set standards and ensure transparency
3 mins
Resolving disputes over public procurement: Let's aim higher
It has been a pivotal year for reforms but India needs more to vie for leadership in dispute resolution
3 mins
Eye contact at meetings must get the attention it needs
Remote work is here to stay but virtual meeting platforms have not addressed their key point of inferiority
3 mins
Economic advice for Trump and Powell: First, do no harm
Policy moves should help sustain business dynamism in America
3 mins
Internal audit: AI will transform it by staying vigilant in real time
Embracing tools of artificial intelligence will enable IA to play a vastly enhanced role in delivering value to organizations
3 mins
A treasure trove of recipes from Jahangir's royal kitchen
Food historian Salma Yusuf Husain has translated a 17th century Persian manuscript with 120 rare recipes
2 mins
Capturing the vintage romance of Havana
The photographs focus on the resilience of Cubans—of keeping music, dance, and laughter alive in the face of various challenges
3 mins
Mint Mumbai Newspaper Description:
Yayıncı: HT Digital Streams Ltd.
kategori: Newspaper
Dil: English
Sıklık: 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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