Mint Bangalore - January 15, 2025
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In this issue
January 15, 2025
Retail inflation at lowest in 4 months, food prices ease
The CPI rose 5.22% in December, down from 5.48% in November and 5.69% a year ago
2 mins
FY26 fiscal deficit may be 4.4-4.6% of GDP, says report
India's fiscal deficit could come in at 4.4% to 4.6% of GDP in FY26, Goldman Sachs Economics Research said in a report on Monday.
1 min
India's net direct tax collection swells 16% in FY25
Strong growth in tax collection from both personal and corporate income helped the Central government to collect ₹16.9 trillion in direct tax revenue so far this financial year after adjusting for tax refunds, official data showed on Monday.
1 min
WeWork India raises ₹500 cr via rights issue
Co-working major WeWork India on Monday said it has raised ₹500 crore through rights issue mainly to reduce debt and achieve further growth.
1 min
PUBG developer eyes spending spree in search of more hits
Krafton Inc., the developer of hit title PUBG: Battlegrounds, plans to spend more than 200 billion won ($136 million) this year to invest in over a dozen promising game studios, underscoring its ambition to become a global force in publishing.
1 min
AI, GenAI Are Transforming Robotics, Says ABB's Atiya
ABB Has Also Piloted Systems Where Robots Respond To Natural Language Commands
2 mins
Podcast sector rides video, but monetization an issue
Podcasts are no longer restricted by genre, and YouTube has made everyone an audience, experts say
2 mins
PAG acquires majority stake in Pravesha for $200 mn
Asia-Pacific-focused private equity firm PAG has acquired a majority stake in Pravesha Industries Pvt. Ltd for $200 million, according to a person familiar with the transaction.
1 min
After Q3 surge in the north, can cement prices rise more?
After a lull, trade cement prices at an all-India level are gradually climbing in the recent months.
1 min
Investors Pin Hopes on Earnings Season to Revive Faltering Stock Market Rally
The postelection stock rally has sputtered. Investors are looking to the coming earnings season to revive it.
3 mins
RBI Eases Rupee Drought With Forex Swaps Worth $3 Billion
RBI's Recent Sales Of The Currency Complicate Its Efforts To Support The Rupee, Which Is Under Pressure
2 mins
HCLTech's Q3 revenue up 2.6% beating estimates, Americas lead
CL Technologies Ltd beat analyst estimates with a higher-than-expected revenue of $3.53 billion for the third quarter, up 2.6% sequentially, driven by strong sales from clients in the Americas, which account for about two-thirds of its revenue.
2 mins
Religare independent directors in favour of Burmans' open offer
The RBI, which has oversight on Religare Finvest, on 9 December approved the Burman acquisition
2 mins
EU-style consumer goods quality testing in the works
Govt mulls stricter quality norms for consumer products, aligning with developed nations
2 mins
Everyone frets over e-comm too much; we don't: DMart's Noronha
Over time e-comm should be seen as an ally to the brick-and-mortar business, especially in metros Neville Noronha MD and CEO, Avenue Supermarts
4 mins
Hiremath claims a 3rd of Kalyani grp
produced a letter from Vaghul to the siblings dated June 2023 in which he said his 2012 letter was not meant to confirm the \"correctness of the content of the note\".
1 min
J&J to acquire Intra-Cellular for $14.6 bn
Johnson & Johnson (J&J) agreed to acquire Intra-Cellular Therapies Inc., a company focused on treatments for central nervous system disorders, for about $14.6 billion.
1 min
Senores Pharma eyes US injectables mkt
Newly-listed Senores Pharmaceuticals aims to set up a new facility in the US to make injectables, and eyes a larger pie of government contracts and controlled substance orders through partnerships with larger drugmakers in the country, a top company official said.
2 mins
No kidding: Demand up for children's products
Modern parents willing to invest in high-quality, safe, innovative offerings
2 mins
China's export boom means Trump tariffs would hit Beijing where it hurts
Economy is increasingly reliant on foreign demand for goods pouring out of China factories
4 mins
Fake Job Postings Are Becoming a Real Problem
White-collar workers say it's harder to get hired and blame everything from AI to tighter budgets
4 mins
Someshwar to be United Spirits CEO
Liquor major Diageo India, the local arm of the world's largest spirits company, on Monday announced the appointment of Praveen Someshwar as CEO-designate.
1 min
JVC re-enters Indian TV market
Japanese consumer electronics brand JVC is re-entering into the India TV market through a brand licence agreement with Noida-based Super Plastronics Pvt. Ltd.
1 min
5.28x bids for Laxmi Dental IPO on Day 1
The initial public offer (IPO) of Laxmi Dental Ltd got fully subscribed within minutes of opening for bidding on Monday and finally ended the day with 5.28 times subscription.
1 min
Bezos' Blue Origin delays debut mission of New Glenn rocket
Blue Origin LLC delayed the inaugural launch of its new flagship rocket on Monday to deal with an unspecified issue with the vehicle.
1 min
Pixxel satellites set for launch
Founder Awais Ahmed says Pixxel plans to add 18 more spacecraft to the six it has developed. REUTERS
1 min
India Summons Diplomat Over Bangladesh Border Fence Row
After Dhaka's opposition, New Delhi says measures in keeping with existing pacts
1 min
Sebi Greenlights JSW Cement IPO
Sebi's approval comes four months after the company put the IPO on hold.
1 min
Progress seen in talks over Gaza
Arab and US mediators made significant progress overnight toward brokering a ceasefire in the Israel-Hamas war and the release of scores of hostages held in the Gaza Strip, but a deal hasn't been reached yet, officials said Monday.
1 min
Tesla Beats Audi in Global Car Sales
Tesla Inc. surpassed one of Germany's most prized premium car brands last year, despite selling fewer vehicles than expected.
1 min
Bol seeks 1st dollar loan since 2012
Bank of India said it is marketing its first dollar syndicated loan since 2012 of as much as $400 million.
1 min
HC Rejects Plea to Block M&M EV Sales
The Delhi High Court on Monday rejected a request for an injunction against Mahindra Last Mile Mobility Ltd, a subsidiary of automobile giant Mahindra & Mahindra (M&M), in a trademark infringement case filed by Gensol Electric Vehicles.
1 min
What Home Loan Borrowers Hope For In Budget 2025
Home-loan borrowers are looking to this budget with a lot of optimism, hoping for relief
3 mins
NRI tax rules for selling overseas property
I am living in Dubai for 15 years. I visit India during the festivals but not longer than a month.
2 mins
Off-season hacks helped Mumbai couple save big on European trip
Strategy behind a 13-day winter adventure in Eastern Europe and a magical white Christmas for under ₹3.5 lakh
5 mins
Paper ballots over EVMs: It is a retrograde proposition
Not only would it be very costly, it could expose our elections to malpractices and unfair vote rejections
3 mins
Digital Public Infrastructure: Its appeal mustn't obscure its risks
DPI offers immense benefits but we need clear-cut guidelines and protections to prevent its misuse
3 mins
A tale of two Indias: Inequality alleviation remains a challenge
Seven decades of widening and shrinking disparities offer clues to the policies we must pursue for a more equitable future
4 mins
Brace for a grab-bag of global trends as 2025 kicks off
From the big political shift in America to the crisis in West Asia, there'll be much to watch this year
3 mins
South Korea is badly exposed to the risk of political paralysis
Compromise and unity, not division and strife, are what it needs
3 mins
Mint Bangalore Newspaper Description:
Publisher: HT Digital Streams Ltd.
Category: Newspaper
Language: English
Frequency: 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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