Mint Ahmedabad - December 19, 2024Add to Favorites

Mint Ahmedabad - December 19, 2024Add to Favorites

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In this issue

December 19, 2024

TVS Credit eyes bid for Avendus Capital

Mizuho, Nomura, Carlyle in race; deal may be finalized in Jan

TVS Credit eyes bid for Avendus Capital

2 mins

PSUs lock horns with pvt firms for IIT talent

India's state-run companies are going head-to-head with private tech to consulting giants to snap up talent from the nation's top engineering colleges this year, reflecting the desire among government-owned firms to strengthen and diversify their employee pool.

1 min

Relief for instant commerce as CCI not keen to step in

The Competition Commission of India (CCI) is unlikely to open an investigation of its own accord into allegations of anti-competitive practices by quick commerce services including Zepto, Instamart and Blinkit, according to two persons privy to the development.

Relief for instant commerce as CCI not keen to step in

2 mins

Karnataka's planned mineral tax stumps iron ore miners

NMDC, Vedanta, Sandur-largest operators of pre-auction-era mines in state-to face brunt

2 mins

Agri loan limit hike may ease bank stress

The RBI has notified banks to waive collateral security, margin requirements for agri loans up to ₹2 lakh per borrower

2 mins

GDP growth to accelerate to 6.6% in FY26: India Ratings

India Ratings and Research on Wednesday said that the country's economic growth is likely to accelerate to 6.6% in the financial year starting 1 April, from 6.4% it has projected for FY25.

1 min

Tax relief for cos: SC says small coconut oil packs are edible oil

The Supreme Court (SC) on Wednesday ruled that coconut oil in small bottles of up to 200ml should be classified as edible oil for taxation purposes, resolving a 15-year-long legal dispute between the excise department and manufacturers.

1 min

Bomb threats: Govt amends aircraft security rules

Against the backdrop of the recent spate of hoax bomb calls targeting airlines, the government has amended the aircraft security rules whereby perpetrators can face penalties and could even be barred from flying.

1 min

Sorenson, others put in $30 mn into Bureau

Bureau, a business-to-business (B2B) focused identity verification and fraud protection platform, has raised $30 million in Series B funding led by American venture capital firm Sorenson Capital, a top executive told VCCircle on Tuesday.

1 min

Welspun One plans to raise ₹4,000 cr

Logistics and industrial real estate manager and developer Welspun One on Wednesday said it plans to raise ₹4,000 crore to double its portfolio size to 32 million sq. ft by 2028 from the current 16 million sq. ft.

1 min

GSV Ventures looks to invest in Indian edtech firms in 2025

The company had invested about $90 million in over 10 Indian startups till February 2023

2 mins

RBI dials down on NDFs to fight dollar

The central bank has started to rein in its ballooning non-deliverable forwards (NDFs) book, according to people familiar with the matter, shifting away from one of its key tools to push back against the strong dollar.

1 min

Alphabet's stock mojo is back with help from quantum tech

Alphabet Inc. is ending 2024 on a high, with a quantum computing breakthrough spurring a late-year stock rally—despite having no near-term commercial potential.

1 min

One Mobikwik up 90% on debut

The stock began the trade at ₹442.25, reflecting a jump of 58.51% from the issue price on the BSE

1 min

Dalmia Bharat on tough terrain as sectoral woes hurt

As the cement sector struggles with muted prices, some firms may feel more heat than others.

2 mins

Rupee hits new low of 84.95 on merchant dollar bids

The Indian rupee hit its all-time low on Wednesday, pressured by strong dollar demand from importers and likely outflows from local equities, while intervention by the Reserve Bank of India curbed losses, traders said.

1 min

Shriram Fin raises $1.28 bn in record offshore loan

The loan adds to this year's rush of offshore debt sales by Indian shadow lenders after RBI tightened rules

1 min

IDFC needs many stars to align

Cost pinch

2 mins

ABB buys Siemens Gamesa's power unit

Siemens Gamesa said on Wednesday that it is selling its power electronics arm to ABB, including its Indian assets for an undisclosed sum.

1 min

Secondary markets thrive in Silicon Valley

Startup shares drive $140 bn secondary market boom amid IPO drought

2 mins

Nissan, Honda may gain in India from potential merger

Merger could align the cos' moves to collaborate in electrification and software development

2 mins

Calculation error likely in India gold import data

A surge in gold imports that widened India's trade deficit to a record last month and pushed the rupee to an all-time low was due to an error in calculation, according to people with knowledge of the matter.

1 min

Diversity hiring from campuses rises

Companies in India are increasing diversity hiring for roles ranging from software development to mechanical engineering as they try to come across to investors and the public as forward-thinking entities with good corporate governance norms.

2 mins

Production resumes at strike-hit Boeing units

Boeing Co. said it has resumed production across its range of aircraft programmes at factories in the Pacific Northwest after they were shut down for weeks because of a lengthy workers strike.

1 min

Acquisitions, new builds to fuel Chalet Hotels' expansion

The company is looking to capitalize on the hospitality sector's robust growth phase

3 mins

Nvidia introduces device aimed at small companies, hobbyists for AI use

Nvidia said Tuesday that it was introducing a $249 version of its Jetson computer for artificial-intelligence applications, half the price of its predecessor, to attract more hobbyists and small companies.

1 min

Bangladesh's new dawn is darkened by settling of old scores

When Bangladesh Prime Minister Sheikh Hasina was toppled in August in a student-led uprising, it was supposed to be a new dawn for the young country. Instead, the raw wounds left by her repressive rule have prompted many to pursue revenge by weaponizing the law—just as she did.

6 mins

Israel signals plans to control security in Syria buffer zone and Gaza

Netanyahu and his defense minister visit strategic Mount Hermon peak in Syria

4 mins

Biden admin relaxes H-1B visa rules to hire foreign workers

The rule also extends certain flexibilities for students on F-1 visas seeking to change their status to H-1B

3 mins

Direct taxes grow faster than budget estimate so far in FY25

Kitty swells 16.45% against full-year budget target of 13% to ₹15.8 tn so far this fiscal

1 min

Yotta eyes $500 mn pvt credit to expand

Indian start-up Yotta Data Services Pvt. Ltd. is seeking to raise about $500 million to invest in its data center parks, according to people familiar with the matter.

1 min

ITC consolidates its Oberoi, Leela stakes

TC Ltd, which is demerging its hotels business from January 2025, on Wednesday said it has acquired shareholding of rival hospitality chains Oberoi and Leela from its wholly owned arm, Russell Credit Ltd.

1 min

BofA's CEO says he's just getting started

At 65, Bank of America Corp.'s Brian Moynihan took the stage at a town hall meeting and sent a jolt through the crowd, saying he wants to still be CEO when the stock eclipses $100.

1 min

Indian firms face fraud surge: PwC

Many Indian organizations faced financial or economic fraud in the past 24 months where procurement fraud emerged as the top threat, a PwC survey said.

1 min

Reliance Nippon, IndusInd start talks

Reliance Nippon Life Insurance, a subsidiary of debt-ridden Reliance Capital (RCAP), has initiated talks with IndusInd Bank for bancassurance partnership as the IIHL and RCAP deal has reached the final lap.

1 min

DMart tops Hurun list as most-valued self-made Indian firm

Adhakishan Damani-promoted Supermarket chain DMart has emerged the most-valuable Indian company founded by a self-made entrepreneur post-2000 with a valuation of ₹3.42 trillion, as per data released by Hurun on Wednesday.

1 min

Vishal Mega Mart up 43.50% on day 1

Shares of Vishal Mega Mart Ltd surged 43.50% in debut trade on Wednesday against the issue price of ₹78.

1 min

Real estate attracts record investments

Institutional investment in Indian real estate rose 51% to a record $8.87 billion during 2024 as investors look to encash strong demand for housing, office and warehousing properties, according to JLL.

1 min

MR POONAWALLA GOES TO BOLLYWOOD

Thirsty for growth, Bollywood's studios have been wooing non-film suitors, like the vaccine tycoon, for funding

9 mins

File wage details by January-end for higher pension

Retirement fund body, the Employees' Provident Fund Organisation (EPFO) has extended time till 31 January for employers to upload wages and other details regarding the 310,000 pending applications for pension on higher wages.

1 min

THE ROAD TO BETTER WEALTH MANAGEMENT STARTS WITH A CONSOLIDATED VIEW

Today's speed of digital spending and investing could lead to unthoughtful, costly mistakes

3 mins

Swiss tax shakeup: Effect on Indian investors, workers

Investors face tax hike on dividend starting January, following Switzerland's MFN suspension

3 mins

How to build a ₹5-cr nest egg with ₹1.5 lakh monthly salary

My cousin (35) earns ₹1.5 lakh per month and paid off a home loan. He invests ₹45,000 in mutual fund SIPs (Nippon Indian small cap, Mirae bluechip and PPFAS flexi-cap) a month; and ₹50,000 in National Pension System every year. How much more should he invest to build a ₹5-crore retirement corpus?

1 min

Services led exports are a mixed blessing for us

Even as we celebrate India's emergence as a services-led economy, with our service exports strong and their prospects bright amid rising trade flux, we must look beyond the numbers

2 mins

Market losses and mistakes are two completely different things

A loss needn't be a mistake. What matters is whether the process of taking the decision was right

4 mins

South Korea's political drama was worthy of applause

Its lawmakers were bravely joined by others to reject martial law and uphold democratic institutions

3 mins

Can the Xi-Trump 'bromance' be revived? Else, ties may fray

Cordiality between the two leaders would favour both countries

3 mins

Refrain from judicial overreach: It'll strengthen India's judiciary

The suo motu powers of courts are essential to secure justice and the public interest but their overuse can have adverse results

3 mins

An image makeover for palm oil would be good for us

The ecological impact of this affordable oil is lower and health benefits greater than often portrayed

3 mins

A new play weaves a story of love, longing and deceit

A new play by Amitesh Grover speaks of grief through the story of a woman who can make clay figurines come alive

4 mins

Include pantos on your holiday to-do list

If holiday travels take you to Britain, indulge in vibrance of the pantomime

2 mins

Cricket stories that read like tales told in a pub

Glenn Maxwell's book, 'The Showman', with Adam Collins, is chaotic, flashy and straightforward but not necessarily engaging

4 mins

Read all stories from Mint Ahmedabad

Mint Ahmedabad Newspaper Description:

PublisherHT Digital Streams Ltd.

CategoryNewspaper

LanguageEnglish

FrequencyDaily

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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