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In this issue

January 28, 2025

Govt to offer Bharat Dal at Mahakumbh

The Centre is planning to offer essential pulses like chana and moong under its Bharat Dal scheme at heavily subsidized prices to help feed the massive crowds at the Mahakumbh, two people aware of the matter told Mint.

1 min

Draft Rules Notified for One Nation, One Time

The government on Monday notified rules to harmonize all Indian clocks with indigenous atomic clocks to lend the Indian Standard Time (IST) a \"millisecond to nanosecond accuracy\".

1 min

Privatization plans of 9 PSUs on hold after opposition from ministries

Prime Minister Narendra Modi is pouring billions into ailing state-run firms after slowing ambitious divestment plans that were intended to reduce the role of the state in business, according to government officials and a document reviewed by Reuters.

2 mins

Capex Target Should Be Set At 3.1% Of GDP

GDP growth slowed to 6.0% in H1 FY25 from 8.2% in FY24, partly driven by a slump in capex

3 mins

Mphasis eyes stellar Q4, but a spanner is in the works

A snag Weakness and volatility in logistics & transport business has been a dampener for Mphasis.

1 min

JSW to invest ₹2,600 cr in 2 Jharkhand copper mines

The JSW Group said on Monday that it has forayed into non-ferrous mining and will invest ₹2,600 crore in two copper mines in Jharkhand.

1 min

Govt seeks aspirants to head Sebi as Buch's term nears end

The Ministry of Finance's Department of Economic Affairs has invited applications for the post of chairperson of the Securities and Exchange Board of India (Sebi) as the term of the current chair Madhabi Puri Buch is set to end on 28 February.

2 mins

InsuranceDekho Raises Fresh Funds

The startup is also expected to fast-track its IPO plans.

2 mins

Media giants join global lawsuit against OpenAI

The digital arms of three major news publishers—HT Digital Streams (HT Media), IE Online Media Services Pvt. Ltd (Express Group), and NDTV Convergence—along with industry body Digital News Publishers Association (DNPA) on Monday filed an intervention application in the Delhi high court in news agency ANI's copyright lawsuit against OpenAI.

1 min

MyGate to double revenue in FY25, eyes 30-50% growth year-on-year

Community management leader MyGate is banking on increased penetration in societies and advertising revenue to drive profitable growth in the next three to four years, a top company official told Mint.

2 mins

Cognizant info is online, we didn't steal it, says Infosys

Cognizant's definition of trade secrets quite broad, co ambiguous in identifying them: Infy

2 mins

Bombay HC pitches mediation in Lodha trademark dispute

\"The genesis appears to be between brothers —has any effort been made to resolve it,\" the court asked

1 min

Tata Steel blames China for dip in revenue despite selling more

Asia's oldest steelmaker Tata Steel blamed Asia's largest steelmaker China for a decline in its revenues during the third fiscal quarter ended 31 December.

1 min

IndiGo bets on overseas flights

By 2030, the airline plans to double in size and capacity for which it wants to use the A350 widebody aircraft

3 mins

RBI takes control from Aviom board

The Reserve Bank of India (RBI) on Monday superseded the board of affordable housing financier Aviom India Housing Finance Pvt. Ltd, citing governance concerns and defaults in meeting various payment obligations.

1 min

InvAscent bets on geriatric care service provider

Healthcare-focused private equity firm InvAscent, which is raising its fourth fund and struck three new deals from the vehicle last year, has invested in a geriatric care service provider in its latest bet.

1 min

Southern films struggle in home states but triumph across Hindi belt

However, recently many southern films, such as Ram Charan's Game Changer and Suriya's Kanguva, underperformed

2 mins

Aurea Group PE set to pump in $3-5 bn into beauty brands

The PE firm will remain focused on beauty and wellness, rather than diversifying into other sectors such as F&B

2 mins

Web-show sequels top streaming charts

New seasons of established web franchises like Mirzapur and Kota Factory are topping the charts on video-streaming platforms, mirroring a box-office trend where film sequels such as Stree 2, Gadar 2, and Bhool Bhulaiyaa 3 were big hits.

2 mins

Aviation growth could slow on supply woes, better road infra

The travel and tourism sector is expected to see double-digit growth in the coming years, with both domestic and outbound travel continuing to expand, Rajesh Magow, co-founder and group chief executive of online travel agency MakeMyTrip said.

1 min

BPCL's AP refinery to serve dual ambitions

Refining capacity to reach 50 mn tonnes with the new greenfield project

2 mins

Return-to-office mandates apply to everyone, except a chosen few

Millions of workers across the country are being given return-to-office marching orders.

4 mins

Trump aides want to hit Mexico, Canada with tariffs before talks

The 25% import levy on both the countries could go into place as soon as 1 February

5 mins

Kim Jong Un is doing everything he can to keep North Korea's youth in line

Kim Jong Un enjoys absolute power across North Korea and is regarded as godlike by his own people. But one threat appears to loom large for the 41-year-old dictator: disloyalty from his country's youth.

4 mins

Chinese and Indian diplomats call for warmer relations

The top diplomats of China and India called for their nations to provide further mutual support, but avoided publicly mentioning a long-standing border dispute in the Himalayas when they met Monday.

1 min

Zoho CEO Sridhar Vembu steps down

Global technology firm Zoho Corp. CEO Sridhar Vembu has stepped down from the post to focus on the company's research and development initiatives as its chief scientist.

1 min

Q3 profit: Wilmar surges, ATGL slips

Adani Wilmar's Q3 profit rose on higher demand, while ATGL's declined on costlier gas.

1 min

UltraTech in talks to buy Heidelberg

UltraTech Cement is in advanced talks with German firm Heidelberg to acquire its Indian unit, Moneycontrol reported on Monday, citing people familiar with the matter.

1 min

Jaishankar embarks on 3-day UAE visit

External affairs minister S. Jaishankar on Monday embarked on a three-day visit to the United Arab Emirates (UAE) to further enhance India's comprehensive strategic partnership with the influential Gulf nation.

1 min

Budget 2025: Tax Sops, Higher Deposit Insurance Can Offer Support to Banks

Banking is struggling to reinvent itself in the face of rapidly scaling fintechs

2 mins

JPMorgan Names New Leaders in India

JPMorgan Chase & Co. has promoted two of its most senior dealmakers as co-heads of investment banking in India as the US lender seeks to strengthen its position in the market following the recent departure of Navin Wadhwani.

1 min

Rupee falls to 86.33 against the dollar

Rupee depreciated amid strong dollar demand and a muted trend in domestic equities.

1 min

Uttarakhand Is The First State To Implement Uniform Civil Code

With the implementation of UCC, BJP has fulfilled a major commitment made to people of Uttarakhand ahead of the 2022 assembly polls

1 min

SOCIAL MEDIA DEBT: BORROWING FOR THE 'GRAM

Desperate to look cool, young Indians are taking loans to fund a lifestyle curated for social media

9 mins

Insurance for All: Key Expectations from Budget 2025

Insurance sector reforms could ensure wider coverage, robust financial resilience

3 mins

The Extra Reward for Owning Stocks Over Bonds Has Disappeared

Little sign of crimped demand for equities among individual investors, who remain bullish after 2 years of gains

3 mins

Bitcoin slips below $100k as Chinese AI model rattles mkts

Bitcoin and other cryptocurrencies tumbled as the emergence of a new Chinese artificial intelligence model triggered a global selloff in riskier assets.

2 mins

Navigating DTAA rules for foreign income

I got a job in Dubai and left India in August 2023. I had to quit in October for personal reasons and returned to India in early November 2024.

2 mins

Senior officers of the Army face a revised policy on promotions

Lieutenant generals will soon have an additional hoop to jump through before they get promoted

3 mins

Musk versus Altman: Act II of a Shakespearean drama

Their friction goes back to the foundational ideals of OpenAI but now both seem to have Trump's favour

3 mins

Social media influencers in India shouldn't escape accountability

Online misguidance is a menace. Platform owners and the government should create a framework of checks and balances

3 mins

Videos Generated by Chinese AI Models Have Startled Us All

China's low-cost GenAI breakthroughs signal a will to leap ahead

3 mins

Coming soon: a vaccine to help prevent cancer

Pharmaceutical giant GSK and the University of Oxford are creating a new cancer vaccine to prevent the disease from developing.

1 min

Finding health in good bacteria

Gut health awareness is growing in India, leading D2C companies to offer probiotic foods and supplements

2 mins

Read all stories from Mint Hyderabad

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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