Mint Mumbai - December 09, 2024Add to Favorites

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December 09, 2024

₹100 tn infra plan to roll out over 5 years

Capital expenditure expected from both govt and private sector

₹100 tn infra plan to roll out over 5 years

2 mins

GenAI shadow over IT Inc.'s app, client support businesses

Generative AI that stormed the technology world with the launch of ChatGPT two years ago may be about to make its mark on India's $254 billion IT services industry.

GenAI shadow over IT Inc.'s app, client support businesses

3 mins

GoFirst's airport slots may go to others soon

Bankrupt Go First's valuable slots could soon be reallocated among airlines such as IndiGo, Air India and Akasa Air to ease congestion at the country's top airports as demand for air travel continues to rise.

GoFirst's airport slots may go to others soon

2 mins

India flags trade line, China worry in FTA talks with Oman

The FTA is deadlocked as Oman requested India to revise market access for specific products

India flags trade line, China worry in FTA talks with Oman

1 min

Separatist Sparks in Punjab Must Be Promptly Doused

People from a forgotten era are making political comebacks in Punjab

3 mins

Govt proposes to decriminalize minor defaults on the part of MSMEs

The Union government is considering decriminalizing minor defaults under the Micro, Small, and Medium Enterprises Development (MSMED) Act.

Govt proposes to decriminalize minor defaults on the part of MSMEs

2 mins

Govt asks MTNL lenders to hold off exploring insolvency options

The government has asked lenders to hold off exploring insolvency options for Mahanagar Telephone Nigam Ltd (MTNL), according to two people aware of the development, after the state-owned telecom operator turned a non-performing asset (NPA) for several banks in Q2FY25 due to non-repayment of loans.

Govt asks MTNL lenders to hold off exploring insolvency options

1 min

NGEL, Maersk talk green fuel

TPC Green Energy Ltd, (NGEL) a subsidiary of India's largest power generation utility NTPC is in talks with global shipping major A.P. Moller-Maersk A/S to sell green methanol for its ships, said two people in the know of the developments.

NGEL, Maersk talk green fuel

1 min

Farmers suspend Delhi march for the day

Protesting farmers on Sunday afternoon suspended their foot march to Delhi for the day after some of them suffered injuries in tear gas shelling by Haryana security personnel along the state's border with Punjab.

1 min

Palo Alto CIO warns of AI risk

Artificial intelligence's role in escalating cyber threats demands new security approaches, says Meerah Rajavel

Palo Alto CIO warns of AI risk

2 mins

IndiaRF to invest up to ₹1,000 cr in Anthea Aromatics

About 27% of the investment, or ₹270 cr, will be in primary funding while the rest will be secondary, a person said.

IndiaRF to invest up to ₹1,000 cr in Anthea Aromatics

1 min

Why CDSL Deserves a Premium

Shares of Central Depository Services (India) Ltd (CDSL) have doubled so far in 2024 to touch an all-time high of ₹1,899 apiece on Friday, with trading volume spiking to 2x the monthly average.

Why CDSL Deserves a Premium

2 mins

It's Artificial Versus First-Rate Intelligence

AI has not made deep inroads into Bertie's life except for how he searches for things online

It's Artificial Versus First-Rate Intelligence

3 mins

Indian govt, regulators committed to attracting private capital

There's a false narrative that ESG is a tax when it can deliver better risk-adjusted performance Baer Pettit President & chief operating officer, MSCI

Indian govt, regulators committed to attracting private capital

4 mins

Fears of trade turmoil to spur final rate moves

By central banks' first meeting in 2025, Trump will have taken office, and potential tariffs could be closer to reality

Fears of trade turmoil to spur final rate moves

1 min

Winner of the coveted Gaja Capital Business Book Prize announced

Sonu Bhasin's Entrepreneurs Who Built India-Lala Shri Ram: The Man Who Saw Tomorrow, took home the Gaja Capital Business Book Prize 2024.

2 mins

Winter Wear Sales Warm Up As Mercury Dips

A surprisingly warm November led to a slow start to winter apparel sales, but a steady dip in temperature recently has boosted demand, bringing relief to retailers.

Winter Wear Sales Warm Up As Mercury Dips

1 min

E-comm players look to curb regulator's powers: CCI to SC

CCI has told the apex court that two dozen writ petitions have been filed in high courts

E-comm players look to curb regulator's powers: CCI to SC

2 mins

Prasar Bharati's OTT eyes family content

WAVES will offer free access to shows from its TV channels, alongside select curated premium content

Prasar Bharati's OTT eyes family content

1 min

Creators fret over losses due to copyright infringement

YouTube removes the content on being notified by copyright holders, terminates the accounts of repeat offenders

Creators fret over losses due to copyright infringement

2 mins

Lemon Tree eyes shared loyalty alliances with global hotel chains

My expectation is that in the next 4-5 years, 100 million Indians too will start travelling abroad Patanjali G. Keswani Chairman, Lemon Tree Hotels Ltd

Lemon Tree eyes shared loyalty alliances with global hotel chains

2 mins

Flash sales at every occasion is retail mantra for visibility

Black Friday and Christmas to monsoon, retailers lure buyers with offers through the year

Flash sales at every occasion is retail mantra for visibility

2 mins

Subsidies via digital rupee may start with study loans

The government is considering paying subsidy amounts through a pre-programmed digital rupee (e₹), and the country's youth could be among the first beneficiaries to get education loan subsidies through the central bank's digital currency by mid-February, two officials said.

Subsidies via digital rupee may start with study loans

1 min

Electronics part makers seek aid of ₹72,500 cr

Electronics component makers body has sought a ₹72,500 crore ($8.57 billion) support package to boost local production of raw materials and cut reliance on imports, an industry official said.

1 min

Can Camso transform Ceat into a high-margin business?

Ceat is buying Michelin's Camso brand's off-highway tyres and tracking business for $225 mn

Can Camso transform Ceat into a high-margin business?

3 mins

Can stocks pull off a third consecutive year of big gains?

Wall Street is grappling with whether another year of robust gains is possible for a stock market that is looking precariously expensive.

Can stocks pull off a third consecutive year of big gains?

3 mins

Impeachment vote highlights gen gap

South Korean President Yoon Suk Yeol's impeachment vote is highlighting a widening generational chasm.

1 min

South horea crisis deepens as Yoon faces probe over imposition of martial law

South Korea's political crisis intensified after President Yoon Suk Yeol survived an impeachment vote on Saturday, with the prosecutors' office reported to have opened an investigation into his role in last week's brief imposition of martial law and arrested the former defence minister in connection with the declaration.

South horea crisis deepens as Yoon faces probe over imposition of martial law

2 mins

Impeachment vote highlights gen gap

On one side are conservative voters, while the other end represents more liberal South Koreans

Impeachment vote highlights gen gap

1 min

The fall of Assad brings to an end a decades-long dynasty

Assad's whereabouts were unclear on Sunday, amid reports he fled as insurgents seized the Syrian capital

The fall of Assad brings to an end a decades-long dynasty

5 mins

Gukesh beats Ding Liren to take lead in World Championship

Young Indian Grandmaster D Gukesh on Sunday took a giant step towards the World Chess Championship title by defeating defending champion Ding Liren in the 11th game, taking a 6-5 lead in the contest after a spate of draws.

Gukesh beats Ding Liren to take lead in World Championship

1 min

Aligning audit with global standards

Aligning India's auditing with global standards will help boost investors' confidence, attract more funds and ensure greater credibility to the financial data, National Financial Reporting Authority's chief Ajay Bhushan Prasad Pandey has said.

Aligning audit with global standards

1 min

Bhutan Hydro plant to start in 2029: Tata

The construction work of the ₹6,900 crore Khorlochhu Hydropower Project in Bhutan has started, and the plant is likely to be commissioned by 2029, Tata Power chief executive officer and managing director Praveer Sinha has said.

1 min

Aadhar Housing Fin aims for ₹25k cr AUM

Aadhar Housing Finance, which caters to the affordable segment, expects its asset under management (AUM) to cross ₹25,000 crore by the end of the current financial year.

1 min

Rajnath Singh heads to Russia for meet to boost defence ties

On Monday, Singh will commission a warship at the Yantar shipyard in Kaliningrad

1 min

Five main-board, 6 SME IPOs this week

Together, these 11 firms aim to raise approximately ₹18,500 crore through public offerings.

Five main-board, 6 SME IPOs this week

1 min

Foreign secy to visit Dhaka on Monday

Foreign secretary Vikram Misri is expected to raise with Dhaka India's concerns over attacks on Hindus and other minorities as he embarks on a day-long visit to Bangladesh on Monday, in the first high-level trip from New Delhi after a massive uprising ended deposed prime minister Sheikh Hasina's 15-year rule in August.

1 min

'Anti-drone unit for border security'

Union home minister Amit Shah on Sunday said India will soon create a comprehensive anti-drone unit to secure its borders as the \"menace\" of unmanned aerial vehicles is going to get serious in the coming days.

'Anti-drone unit for border security'

1 min

Saudi Arabia cuts oil prices for Asia

Saudi Arabia is cutting oil prices for buyers in Asia by more than expected after OPEC+ further delayed an output revival, underscoring how the outlook for the market remains weak.

Saudi Arabia cuts oil prices for Asia

1 min

Yum! Restaurants sees ₹162 cr profit

Yum! Restaurants (India), which owns QSR brands such as Pizza Hut and KFC in the Indian market, was back in the black in FY24, reporting a profit of ₹162.04 crore while its revenue from operations was up 6.6% to ₹689.93 crore, the company said in an RoC filing.

1 min

Insurance Bill may not be introduced

The Insurance Amendment Bill, which proposes 100% FDI in the insurance sector, may not be introduced in Parliament in the ongoing session, persons in the know said.

1 min

FPIs return to Indian equities with ₹24,454 cr inflow in Dec

After heavy selling in the past two months, foreign investors staged a strong comeback to Indian equities with a net investment of ₹24,454 crore in the first week of December amid stabilising global conditions and expectations of a potential US Federal Reserve rate cuts.

1 min

MARGIN TRADING: TAX RULES AND BENEFITS DECODED

MTF offers potential for higher returns, but demands planning and tax compliance

3 mins

How the proposed banking law amendments would affect you

New rules are aimed at easing claim process for the bereaved family and reduce unclaimed funds in the system

3 mins

Decoding Zero Dep coverage for older cars

I bought a car in 2019 and had taken insurance with New India company. I came across the add-on coverage of zero dep while renewing my policy. Is it beneficial to opt for the add-on cover for a 5-year-old car?

Decoding Zero Dep coverage for older cars

2 mins

The UK is open for business and India is high on its speed-dial list

The G20 meeting between Starmer and Modi reinforced the mutual will to take ties to new heights

3 mins

Trump's win took apart the worst argument of the West

Western media claims that his popularity was the creation of fake news have turned out to be false

4 mins

Well-paying companies do themselves a favour

The CEA's words for India Inc on its self-interest should remind business leaders to take a long view. Private-sector payrolls need to support consumption by defying three new forces

Well-paying companies do themselves a favour

2 mins

Prudence wins the day: RBI does not effect a knee-jerk rate cut

By not dropping its inflation focus, RBI showed it'll go by what the economy needs and not what the government may want

Prudence wins the day: RBI does not effect a knee-jerk rate cut

3 mins

Indian school education is in need of a radical reboot

Dissolve rigid classes based on age cohorts and ease the curricular burden on students

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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