Mint Kolkata - January 07, 2025
Mint Kolkata - January 07, 2025
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In this issue
January 07, 2025
Finally, US nuclear ties with Indian cos
India and the US have been discussing the supply of US nuclear reactors to India since the mid-2000s
1 min
Green MSME Policy for Tech, Financial Aid Likely in Budget
A body would be created under the MSME ministry to oversee implementation of the policy
2 mins
Services sector growth at 4-month high
Manufacturing growth slowed to a 12-month low in December amid a softer increase in factory orders and production
2 mins
India eyes $107-bn pvt capital to widen grid
India is asking states to attract more private capital to accelerate the expansion of its power transmission network, part of a plan to revamp the country's grid and accommodate more clean power.
1 min
House panel to review CDSCO's performance in curbing spurious drugs
The government has also made it mandatory for 300 lifesaving drugs to have quick response codes
1 min
Funding in space industry of India falls 55% in 2024
Funding in India's space sector, a key part of the country's ambitions to become a global superpower, plummeted by 55% in 2024 to $59.1 million from $130.2 million the previous year, according to data from market intelligence platform Tracxn.
1 min
D2C brands seek alternative financiers as Q-comm surges
Alternative financing models offer quick access to capital without diluting equity
2 mins
Warburg Pincus Names Two MDs to Expand India Team
Private equity firm Warburg Pincus, which was one of the most active PE investors in India in 2024, has expanded its leadership team in the country by appointing two new managing directors.
1 min
Airtel, VI Sell Holdings in Wi-Fi JV Firefly
Telecom operators Bharti Airtel and Vodafone Idea have sold their entire stake in Wi-Fi infrastructure company Firefly Networks to iBus Network and Infrastructure for ₹9 crore, the telcos said in separate regulatory filings on Monday.
1 min
Crafting Bharat: Deep-tech edition-Speciale Invest Shaping the deep-tech venture capital landscape
In a world increasingly driven by innovation and technological breakthroughs, India is carving its place at the forefront of transformative solutions.
3 mins
For RBL Bank, credit cost is more important than growth
RBL Bank stock lost 40% of its value in 2024, and that had very little to do with the growth in advances and deposits. Instead, it was all about the asset quality issues.
1 min
Morgan Stanley Lowers Hopes for India Bond Inflows
Foreign ownership of FAR bonds increased from 3.5% to 6% of the outstanding amount in 2024
1 min
Will FIIs Return to Indian Market in 2025?
Robust SIP inflows and strong retail participation in broader markets are bolstering DII resilience
3 mins
SC shifts e-comm cases to Karnataka HC
The Supreme Court has transferred to the Karnataka High Court (HC) all petitions challenging the Competition Commission of India's (CCI's) probe into alleged anti-competitive practices by e-commerce giants Amazon and Flipkart.
2 mins
India Inc raises vigil as HMPV cases rise in Asia
Health ministry will increase testing for HMPV as precautionary measure
2 mins
NCLAT to hear Meta's plea against CCI fine
CCI asked Meta to pay ₹213 crore fine for abusing its dominant position in relation to the 2021 policy update of WhatsApp
1 min
Disney's Hulu + Live TV biz to merge with smaller rival Fubo
Walt Disney Co said on Monday it would merge its Hulu + Live TV business with smaller rival FuboTV in a deal that also potentially clears the way for the launch of its sports streaming venture with Fox Corp. and Warner Bros Discovery.
1 min
Kidfluencers on a Timeout as Rules Force Industry Rethink
Draft personal data rules turn brands hesitant to partner with underage influencers
2 mins
Nippon, US Steel Sue Biden Order Blocking Acquisition
Image shows 'Biden's order blocked $14.9 bn buyout of US Steel.' as drophead text which was missed in extraction
1 min
Wipro veteran quits for CEO role at smaller firm
A senior Wipro Ltd executive overseeing a third of the company's business has resigned to become chief executive of a US-based fintech firm, marking another high-profile exit from India's fourth-largest IT services company.
1 min
Reliance takes on Tata, PepsiCo with ₹10 Raskik hydration drink
RCPL forays into the hydration segment with the launch of ₹10 Raskik Gluco Energy drink, eyes mass market
2 mins
Studios Tap OTT Creators Amid Box Office Slowdown
Such deals are good for business as production houses are cash-starved and new-age firms seek recognition
1 min
Urban slump hits FMCG firms
FMCG growth slows in Q3 as price hikes, weak winter, urban demand weigh on results, despite rural resilience.
2 mins
U.S. to ease aid restrictions for Syria in limited show of support for new government
The Biden administration plans to announce Monday it is easing restrictions on humanitarian aid for Syria, a move to speed delivery of basic supplies without lifting sanctions that block other assistance to the new government in Damascus.
2 mins
Israel's Red Sea conundrum: Hit the Houthis or Iran
Over the past year, Israel's military has proved adept at taking down threats to the country's security.
5 mins
Intel's chips are down. Its problems are even worse than you've heard
AMD and others are making huge inroads into Intel's bread-and-butter business of making the world's most cutting-edge central processing units
2 mins
Mercedes Names New India CFO
German luxury carmaker Mercedes-Benz on Monday said Emrah Ozer has been appointed as its chief financial officer (CFO) for its Indian operations as part of an organisational change in its finance and controlling function effective since 1 January 2025.
1 min
Akzo Nobel aims to sell R&D operations
The sale is to be made to a separate indirect wholly-owned arm, Akzo Nobel NV.
1 min
ArcelorMittal SA to close long-steel biz
ArcelorMittal South Africa Ltd will close its business that makes long-steel products, potentially affecting about 3,500 jobs.
1 min
Titan expects 24% rise in Q3 revenue
Titan Co. said on Monday it estimated a 24% rise in third-quarter revenue, buoyed by domestic festival demand for jewellery.
1 min
SpaDeX docking delayed by 2 days
The docking experiment is crucial for satellite servicing and interplanetary missions.
1 min
Institutional Funds in Housing Up 46%
India's housing market attracted an institutional investment of $1.15 billion last year; it was 46% higher annually, as investors looked to encash strong demand for residential properties, according to real estate consultant Colliers India.
1 min
Centre raises alarm on adverse reaction of beta blocker drugs
This is important as doctors widely prescribe the beta blocker medication
1 min
'Pernod colluded with state retailers'
Indian antitrust investigators raided Pernod Ricard's office in December after finding the French liquor giant colluded with a state's retailers to promote its whisky brand and ignore a rival's, according to a government document seen by Reuters.
1 min
Canada's Trudeau may quit this week
Justin Trudeau is expected to announce his resignation as leader of Canada's Liberal Party this week, the Globe and Mail reported, a move that would trigger a contest to replace him as prime minister.
1 min
SGL32 issues NCDs to raise ₹2,450 cr
Power transmission solution provider Sterlite Grid 32 Ltd (SGL32) on Monday announced securing ₹2,450 crore through listed non-convertible debentures (NCDs) to refinance its Mumbai Urja Marg Ltd project.
1 min
Brahmaputra dam will not impact water flows to India: China
China on Monday reiterated its plan to build the world's biggest dam over the river Brahmaputra in Tibet near the Indian border, saying the planned project has gone through rigorous scientific verification and will not have any negative impact on downstream countries—India and Bangladesh.
1 min
Competitiveness Is The Key To Our Future
Uday Kotak on protectionism, Donald Trump, private capex, Indian fintechs, scams and scandals
9 mins
Wartime risk takers shield $830 mn daily trade amid threats
Shipping insurance is offered in London since 1680s, yet the business of selling war cover is now peaking
2 mins
NRI tax mismatch: What's your next step?
In FY24, I, an NRI, earned capital gains on mutual funds (switch in and switch out), which I didn't report in my return. I received an email from the income tax department about the mismatch between my return and the AIS/TIS.
1 min
Hidden costs of buying property: Taxes and fees you just can't avoid
The true cost of homeownership goes beyond the price tag, with taxes, cess and legal fees adding to the expense
4 mins
Simplifying Taxes: Key Challenges for Budget 2025
The focus is on how the Centre overhauls the new tax regime to attract more taxpayers
3 mins
Tweaked for flexibility, NPS awaits tax clarity
This funded pension scheme now offers access to low-cost fund management with its option of staggered withdrawals of what was once a lump-sum. Good. Let's keep its taxation benign
2 mins
Ten big GenAI developments we saw within the span of a month
Its evolution didn't even pause for a year-end break as the AI wave began turning into a tsunami
3 mins
Rupee depreciation is inevitable but its volatility is not
RBI should restrain its active forex management while the Centre aims to attract more dollars
4 mins
Expect Trump's Crackdown on Immigration to Be Disruptive
He is far better placed to act swiftly and harshly this time around
3 mins
Welfare programmes impact the retail prices relevant to people
India must update its inflation metrics to reflect actual consumption expenditure patterns for superior policy formulation
4 mins
AIF industry: At risk of death by a thousand circulars
Alternative investment funds generate value but have been dealt a harsh blow by over-regulation
4 mins
For a balanced life, take the heroine's journey
Living a life not attuned to nature's cycles can affect the body and cause digestive issues as well as mental stress
4 mins
Now, tech tools to test cortisol, soothe anxiety
A range of tech tools for mental health will be showcased at CES '25 in Vegas
2 mins
Mint Kolkata 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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