Mint Mumbai - December 13, 2024
Mint Mumbai - December 13, 2024
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December 13, 2024
Industry may get to breathe easy over quality rules
India's quality rules, which riled local manufacturers and raised concerns of shortages, may be about to see some easing, two people aware of the development said.
2 mins
Relief on inflation, rebound in factories
Hopes of an early rate cut were rekindled on Thursday as retail inflation fell back within the central bank's tolerance band in November, while factory output hit a three-month high in October, in good news for the economy that slowed in the second quarter.
3 mins
Options fever cools as Sebi curbs kick in
Index options traded plunged 30% in week ended 6 December
2 mins
Bad assets of PSBs fell to 3.12% in Sep 2024: Fin Min
The government said on Thursday that policy reforms in the financial sector have restored the health of the banking sector, with the gross non-performing asset (NPA) ratio of public sector banks (PSBs) falling to 3.12% in September 2024 from a peak of 14.58% in March 2018 and 4.97% in March 2015.
1 min
Centre may raise green bond target by 25% next fiscal year
The government aims to leverage green bonds to boost financing for climate friendly projects
2 mins
Govt may extend duty-free yellow pea imports by 2 months
The government is considering extending duty-free import of yellow peas for a few more months, possibly until February, to help lower prices and address shortages of tur (pigeon pea) and chana (gram), two people familiar with the matter said.
1 min
India sets green steel definition, to begin star rating
India on Thursday came up with a definition of what constitutes 'green steel', becoming one of the first countries to lay down clear parameters for decarbonized steel.
1 min
India to stock up on coal for next year
Amid growing power demand, the Union coal ministry plans to stock up on coal with a higher opening stock of about 50 million tonnes at thermal power plants by April 2026, said two people in the know of the developments.
2 mins
iPhones set to shine this season with more AI
Apple is pumping more artificial intelligence into the latest iPhones during the holiday shopping season with a free software update that includes a feature that enables users to create customized emojis within a matter of seconds.
1 min
KKR to buy $50-75 mn stake in Rebel Foods
Private equity firm KKR is set to buy Rebel Foods shares worth $50-75 million from existing investors, valuing the startup at nearly $860 million, a person with knowledge of the matter said, shortly after the Mumbai-based cloud kitchen firm announced a $210 million funding round led by Singapore's Temasek on Thursday.
1 min
Curefoods eyes ₹900 cr sales
Curefoods, which houses brands such as Eatfit, Frozen Bottle and Cake Zone, has projected ₹900 crore in revenue for the current financial year—which would be a near 50% increase from last year—and said it is only a quarter away from breaking even on EBITDA as it prepares to go public in the next 12 to 18 months.
1 min
Get ready for 'long thinking,' artificial intelligence's next leap forward
Nvidia's chief executive made a passing reference late in the company's most recent earnings call that deserves much more attention than it got—even if it was understandably overshadowed by $35.1 billion in quarterly revenue, driven 94% higher by customers' ravenous demand for AI chips.
3 mins
It's newbies versus biggies in quick drug delivery space
Players like Medino's and Plazza are emerging in the 30-minute medicine delivery business
2 mins
Rupee hits all-time low, RBI steps in
The Indian rupee fell to an all-time low on Thursday, pressured by a lingering depreciation bias and heightened demand for the US dollar in the non-deliverable forwards (NDF) market, while the central bank's intervention helped prevent sharp losses.
1 min
SBI taps record samurai loan boom with ¥30 bn debt plan
State Bank of India, the country's largest lender, is seeking a ¥30 billion ($197 million) facility, according to people familiar with the matter, adding to a record volume of yen loans raised by borrowers in Asia excluding Japan this year.
1 min
Single-specialty healthcare to fuel next IPO boom
Single-specialty hospitals are not only growing at a brisk pace but account for 20% of the healthcare services market
1 min
SBI chief-led panel to identify fresh top 20 stressed accounts
The government has decided to set up a committee under the State Bank of India chairman to examine and submit a fresh list of stressed accounts with banks for transfer to NCLT and bolster the resolution pipeline.
1 min
Ircon vs RVNL: A contrasting tale of two railway stocks
Every year, ahead of the budget, investors get excited about the prospects of incremental spending by the railways that would translate into order inflows for railway infrastructure companies. Perhaps this expectation drove shares of Indian Railway Construction International Ltd (Ircon) and Rail Vikas Nigam Ltd (RVNL) up by 5.6% and 3.4%, respectively, on Wednesday.
1 min
Near term clouds Bajaj Fin 3.0
Lagging behind Bajaj Finance's shares have underperformed the benchmark Nifty 50 index so far in 2024.
2 mins
India crosses $1 tn FDI milestone
Nearly 69% of the total FDI inflows over the past 24 years were recorded in the past decade, said DPIIT
1 min
Cinemas cut F&B prices to woo patrons
With theatre chain Mukta A2 Cinemas having announced a ₹99 cap on food and beverages (F&B) across all properties and titles, trade experts say it is a viable move for non-national, small and independent cinema chains to revisit F&B rates and continue to price them nominally, even if the ticket rates change based on films and often dictated by producers.
1 min
Rosneft, Reliance sign 10-yr, $13 bn oil supply agreement
Shipment from Russia to Reliance's refinery complex at Jamnagar to start in January
2 mins
Samsung claims CCI seized data illegally
Samsung accused India's competition watchdog of unlawfully detaining its employees and seizing data in a raid carried out in connection with an antitrust investigation on Amazon and Walmart's Flipkart, a legal filing shows.
1 min
Practo floats Assured, a critical care service
Practo's expansion into critical care pits it against healthtech majors and corporate hospital networks
1 min
SC to hear CCI plea on e-tailers today
An early decision to combine all 24 cases filed by the firms could help CCI break the logjam in its proceedings
1 min
Google bets on startup using rocks to rid CO2
Alphabet Inc.'s Google has made its largest purchase of carbon dioxide removal, backing a company that uses crushed rocks to clean the atmosphere.
1 min
OneSource pegs growth on diabetes, obesity meds
Drugs used to treat diabetes and obesity, or GLP-1 (Glucagon-like peptide-1), will be a significant growth driver for OneSource Specialty Pharma, CEO and MD Neeraj Sharma said.
1 min
Retail inflation eases to 3-month low in November, industrial output up
The favourable progress of rabi sowing becomes critical for retail inflation, given that food inflation has been the leading driver in recent times. This, along with the subdued trend in inflation of the majority of the items, is expected to help the headline retail inflation head closer to 4% from end-FY25.
2 mins
Staff info leaks raise worries as company databases swell
Blockchain-backed technologies are effective to protect data but remain expensive
3 mins
Sona Comstar looks East for growth
Group CEO said he expected the Eastern countries to account for over half the firm's revenues in 5 years
1 min
Telecom operators to focus on small towns
Telcos have seen strong growth, led by monetization across tier-II market
2 mins
Andhra EV policy: no sops for hybrids
The Andhra Pradesh government has decided not to extend road tax waivers and cash incentives for buyers of hybrid vehicles, in its new sustainable electric mobility policy document seen by Mint.
2 mins
China comes out swinging as Trump trade war looms
Recent moves on Nvidia, critical minerals and drones signal the sort of retaliatory measures Beijing could use to hit back against U.S.
6 mins
Hamas concedes on Israeli troops in Gaza, raising hopes for deal to release hostages
Hamas has yielded to two of Israel's key demands for a cease-fire deal in Gaza, Arab mediators said, raising hopes of an agreement that could release some hostages within days despite the repeated collapse of previous negotiations.
4 mins
Militant leader end game is big unknown in post-Assad Syria
The new interim govt is under the control of a group designated a terrorist organization by the US and others
2 mins
Tata Motors to hike prices of vehicles
Indian automaker Tata Motors said on Thursday it will increase prices of its commercial vehicles, including trucks and buses, by up to 2% from January.
1 min
Inventurus kicks off IPO subscription
Inventurus Knowledge Solutions Ltd, which provides healthcare support services, has collected ₹1,120 crore from anchor investors.
1 min
Simultaneous polls get Cabinet nod
The Union Cabinet on Thursday approved two bills, including one to amend the Constitution to implement \"one nation, one election\", and the draft legislations are likely to be introduced in Parliament in the ongoing winter session, people said.
1 min
Food inflation likely to come down: Ficci
Green shoots are visible on the consumption front as food inflation has started receding, newly appointed Ficci president Harsha V. Agarwal said.
1 min
Gukesh becomes youngest world chess champion
He is the second Indian after Viswanathan Anand to win the global title
1 min
Auto component industry grows 11%
The automotive components industry grew 11% year-on-year to ₹3.32 trillion in the first half of the current fiscal, industry body Automotive Component Manufacturers Association of India (Acma) said on Thursday.
1 min
Sellers oppose 35% GST on select goods
Indian Sellers Collective, an umbrella body of trade associations and sellers across the country, has urged the finance minister and the GST Council not to accept some GST rate rationalization suggestions, including the proposal for inclusion of a special rate of 35% on some products.
1 min
Meta donates $1 million to Donald Trump's inaugural fund
Meta Platforms has donated $1 million to US President-elect Donald Trump's inaugural fund, a company spokesperson told Reuters in an emailed response.
1 min
Punjab & Sind Bank to raise ₹3,000 cr
State-owned Punjab & Sind Bank plans to raise ₹3,000 crore from maiden infrastructure bonds this month as part of exercise to raise resources to expand loan book.
1 min
Vishal Mega Mart's IPO fully subscribed
Vishal Mega Mart's ₹8,000 crore initial public offering (IPO) was fully subscribed on day two of bids, led by demand from non-institutional investors.
1 min
Airport capex to grow 12% in 3 years
The cumulative capex (capital expenditure) of Indian airports is expected to grow 12% at ₹60,000 crore in the three years through FY27 from ₹53,000 crore during 2022-2024, to add required infrastructure for about 65 million passengers per annum, ratings agency Crisil said on Thursday.
1 min
REALTY: HOW AN SM REIT IS OPENING MORE DOORS
With its first public offer, Property Share is giving retail investors a piece of the action in the real estate sector
9 mins
Porting your health policy? Tips to avoid big mistakes
From bonus to waiting periods, here's what you must know to safeguard continuity benefits
4 mins
Will my health insurance plan also cover bariatric surgery?
I have developed obesity due to Type 2 diabetes and a sedentary lifestyle. It is now posing significant risks to my health. My doctor has recommended bariatric surgery as a medical necessity to improve my health.
2 mins
INSURERS MUST REPORT CLAIMS DATA IN GREATER DETAIL FOR MORE TRANSPARENCY
If a tiered-cost structure was published by a govt authority, prices could be linked to it
3 mins
India must address the demand deficiency that ails its economy
Addressing supply issues alone won't help when the problem pertains more to weakening demand
3 mins
It's time to account for the environmental costs of war
The world is besieged with two wars raging across two continents: Ukraine in East Europe and Gaza in West Asia. Apart from leaving a trail of large-scale death and destruction, they have also perpetrated \"eco-terrorism\" by damaging both the natural and human-built environment.
3 mins
Four-day week: An idea whose time is on its way
Tokyo is set to offer its administrative staff a three-day weekly break. Microsoft tried it in Japan and saw productivity leap. It seems like the future. But how long before it arrives?
2 mins
India's drought of foreign tourists: No end in sight yet
India, as the world's most populous nation, teems with people. But foreign tourists are in short supply even at our most visited destinations.
3 mins
An OPEC for solar power isn't going to serve the world well
A Chinese cartel in this field won't aid the cause of clean energy
3 mins
Germany's current crisis offers it a chance to break its gridlock
Institutional settings that worked well for it in the past have outlived their utility and demand wholesale reconsideration now
3 mins
Five luxury hotels to celebrate the end of 2024
Planning a trip to celebrate Christmas and New Year's Eve? Here are some options that are off the tourist circuit
2 mins
The classic watches that defined the year gone by
From a storied diver to a digital beauty and a chronograph, here are three of my go-to watches of this year
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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