Mint Hyderabad - January 23, 2025
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In this issue
January 23, 2025
Green hydrogen incentives likely for polluting sectors
Moving to large-scale use of hydrogen fuel could enhance India's geopolitical heft
2 mins
Cabinet nod for a higher support price for raw jute
The Union cabinet, chaired by Prime Minister Narendra Modi, on Wednesday approved an increase in the minimum support price (MSP) for raw jute for the 2025-26 marketing season, set at ₹5,650 per quintal, representing a rise of ₹315 per quintal from the previous season's MSP of ₹5,335.
1 min
Servify shoots for unicorn tag with $100 million fundraise
The startup was valued at about $850 million when it raised $65 million in 2022 as part of its Series D funding round
2 mins
Drone firms seek higher PLI outlay in budget
The drone industry, one of India's sunrise sectors, wants the government to increase allocations under the production linked incentive (PLI) scheme in the upcoming Union budget for 2025-26.
1 min
Dark stores pursue workers
Quick commerce funding boom has sparked breakneck expansion across hundreds of towns
3 mins
Magnesium craze grips wellness market
Magnesium mania
2 mins
Sebi to Sachetize MFs, Make Them More Accessible
The Securities and Exchange Board of India (Sebi) has unveiled a proposal for promoting financial inclusion through the \"sachetization\" of mutual fund (MFs) investments.
1 min
Oberoi Realty gets reality check
Shares of Oberoi Realty Ltd are on shaky ground, plummeting 13% in the past two trading sessions.
2 mins
Dixon Tech: A flurry of acquisitions, capacity expansions
Upwardly mobile
1 min
China May Order Pay Cap for Staff at State-Owned Financial Cos
China is set to impose a 1 million yuan ($137,309) cap on the annual income of staff at central government-owned financial institutions, three sources said, expanding a campaign against excess against a backdrop of economic slowdown.
1 min
Shareholders nix Gokaldas Esop plan
Apparel maker Gokaldas Exports' plan to reward its top executive with a generous stock grant has been blocked by the company's institutional shareholders, more than half of whom voted against the resolution enabling its latest employee stock option plan (Esop).
1 min
Google pours $1 bn in Anthropic
Alphabet Inc.'s Google is backing artificial intelligence developer Anthropic with a further $1 billion, building its stake in one of the most promising rivals to OpenAI.
1 min
J&J Predicts Lower Revenue & Profit Than Analysts for 2025
Johnson & Johnson said a strong dollar will cut into 2025 revenue and profit, pushing its forecast below analysts' expectations and driving its shares lower.
1 min
Minimalist Hotels looks to add six hotels in the next 2 years
Minimalist Hotels, a hotel and dorm management company run by Swashbuckler Hospitality Pvt. Ltd, is looking to expand its footprint by adding new properties across Rajasthan, Uttar Pradesh, Goa, and the National Capital Region (NCR) by 2026, said its founder Gautam Munjal.
1 min
A Liveable Planet Must Remain on the Agenda
People of over 340 districts are highly vulnerable to the health effects of climate change
3 mins
Tata Motors' electric CV sales weighed down by loss of sops
Continuing incentives needed until inflection point is reached in electric sales, says company
3 mins
Budget Wishlist: Insurance Sector Seeks Affordability, Awareness Boost
Reducing GST on policies will help lower the barriers to entry and improving accessibility
2 mins
Tiny hike seen for fund to build farm buffer
Budget may raise outlay for purchases of pulses, onions, and potatoes
2 mins
NCLT Delhi dismisses Akshay's plea against Cue Learn
The Delhi bench of the National Company Law Tribunal's (NCLT) dismissed actor Akshay Kumar's plea to initiate insolvency proceedings against Cue Learn Pvt. Ltd.
1 min
US sanctions won't see oil price surge, shipping to be hit
Oil price is not projected to rise, may stay at $70-75 a barrel, and the situation will ease in a few months: BPCL CMD
2 mins
NMC seeks to tighten rules for hiring medical college faculty
India's apex medical education regulatory has proposed new eligibility qualifications for teachers to improve standards as it seeks to weed out ghost faculty and incompetent teachers.
1 min
HDFC Bank NPAs rise amid Q3 agriculture loan defaults
The lender's profit growth was weighed down by asset quality issues and slow loan growth
2 mins
CEOs Launch War Rooms, Hotlines to Cope With Donald Trump's Order Blitz
The blitz of executive orders from Trump left business leaders scrambling to make sense of sweeping changes to tax, immigration and trade policies
5 mins
WEF 2025: Leaders Call for Renewed Global Cooperation
In these turbulent times, democratic and liberal values serve as a critical signpost for stability, says Swiss president
3 mins
Five new industrial clusters from India join WEF initiative
As many as 33 industrial clusters from 16 countries, including five from India, on Wednesday committed to economic growth, jobs creation and emission cuts as part of the World Economic Forum's (WEF) Transitioning Industrial Clusters Initiative.
1 min
Davos Reaction to Trump 2.0: Buckled Up for His New Term
The global elite know Donald Trump better than almost anyone after his first presidency shocked boardrooms
3 mins
UN chief Guterres calls on Iran to renounce nuclear weapons
Iran must make a first step towards improving relations with countries in the region and the United States by making it clear it does not aim to develop nuclear weapons, United Nations (UN) secretary-general Antonio Guterres said on Wednesday.
1 min
Netflix surges past 300 mn subscribers
Netflix on Tuesday said it added nearly 19 million subscribers during the holiday season to finish out last year with more than 300 million subscribers.
1 min
India Uses AI to Stop Stampedes at World's Biggest Gathering
Keen to improve India's abysmal crowd management record at large-scale religious events, organisers of the world's largest human gathering are using artificial intelligence to try to prevent stampedes.
1 min
RIL arm acquires sauces brand SIL
Reliance Consumer Products Ltd (RCPL), the consumer goods arm of Reliance Industries Ltd (RIL), announced on Wednesday its acquisition of SIL, a food brand known for sauces and condiments.
1 min
Blue Energy Motors to invest ₹3,500 cr
NG-powered truck maker Blue Energy Motors on Wednesday said it plans to invest ₹3,500 crore for setting up an electric trucks production plant in Maharashtra to fuel the state's green energy transition.
1 min
Nepal Hikes Fee for Everest Climbers
Nepal will increase the permit fees for climbing Mount Everest by more than 35%, making the world's tallest peak more expensive for mountaineers for the first time in nearly a decade, officials said.
1 min
Budget Needs to Offer a Vision to Reform India's Overburdened Justice System
Over 50 million court cases are pending, with many taking 15-20 years to resolve
2 mins
Meta Plans Glasses With Brand Oakley
Meta Platforms Inc., an American multinational technology conglomerate, is working on upgrades to its popular smart glasses and is exploring new wearable devices such as watches and camera-equipped earbuds, aiming to embed its artificial intelligence features into more products.
1 min
Travel unicorn OYO eyes religious hubs
Travel tech unicorn OYO on Wednesday said it is planning to add 500 hotels in religious hubs, including Ayodhya, Varanasi, Prayagraj, Puri, Haridwar, Mathura, Vrindavan, Amritsar, Ujjain, Ajmer, Nasik and Tirupati, this year.
1 min
Quad FMs Meet in Washington in Sign of Trump's China Focus
US, Australia, India and Japan share concerns about China's growing power
1 min
A Call For Tax Reforms: Disparities Between Equity And Debt Investments
There is a case for revising LTCG taxation for debt funds with a one-year holding period
3 mins
NSE's investor registrations breach 110 mn mark
In the last five months, daily new registrations have ranged 47,000 to 73,000, adding a massive 10 million investors
1 min
Strategies to achieve ₹1 cr with a current portfolio of ₹47.4 lakh
I'm 28 years with a ₹47.4 lakh portfolio (₹36.5 lakh in equities, rest in mutual funds). I invest ₹25,000 via monthly SIPs, increasing 10% annually. With no liabilities, I plan to invest ₹10 lakh more. How can I grow my portfolio to ₹1 crore in two years, or by 30 years?
1 min
UPI Circle: Blending control and ease in digital payments
How this new feature is making digital payments simple, secure and stress-free for families
3 mins
Timely succession plans are the need of the hour
Succession planning is no less important for key government positions than for corporate leadership. However, as RBI's case shows, its value is yet to be adequately acknowledged
2 mins
Address India's worsening urban groundwater crisis
We require innovative solutions that use technology to prevent its depletion and contamination
3 mins
The recovery of pandemic time learning losses: Finish this task
Many schools still need to adapt their teaching to fill the educational gaps left by covid disruption
3 mins
Basic technology R&D: Let's wake up before it's too late
India's future in AI and in other fast-emerging technologies depends on our will to invest in the unknown
3 mins
Old MAGA versus new MAGA: A cage battle looks set to start
US President Trump's base seems divided but it needn't worry him
3 mins
From red lights to green: DPI for businesses will spur job creation
Employer Aadhaar and Digilocker will apply Digital Public Infrastructure to compliance and help create high-wage jobs
4 mins
Wallace & Gromit and the charm of claymation
The latest gem from Aardman studio shines a light on this animation subgenre, which involves the use of clay figures and stop-motion
4 mins
Garth Hudson wove a musical spell on listeners
Hudson was the last surviving member of the influential rock group The Band
2 mins
Mint Hyderabad 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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