Mint Mumbai - November 11, 2024
Mint Mumbai - November 11, 2024
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In this issue
November 11, 2024
Electric 3-wheeler subsidies for FY25 halt as sales hit cap
The removal of a central government subsidy will likely make popular electric three-wheelers dearer for the rest of this fiscal year, potentially disrupting sales of manufacturers such as Bajaj Auto, Mahindra Last Mile Mobility and Piaggio.
2 mins
Gold loans glitter on personal loan crackdown
The regulatory clampdown on unsecured personal loans has given a fillip to loans against the yellow metal, with gold loans soaring in the last few months.
2 mins
NFRA begins audit standards overhaul
Review of ICAI's 38 audit standards, plus two quality standards
3 mins
THE WORRYING RISE OF FRAUDSTERS ON THE PROWL ONLINE
Within the first three months of 2024, fraudsters had extorted sums totalling ₹120.3 crore
3 mins
Clean energy sees surge in foreign investment but other sectors decline
Foreign Direct Investment (FDI) equity inflows in the non-conventional energy sector surged in the first three months of this financial year, making it the tenth-largest FDI destination of all time, underscoring rising global interest in India's green energy initiatives.
1 min
PSUs in a bind on arbitration powers
The Supreme Court's move to slash the powers of state-run companies to unilaterally appoint arbitrators on Chief Justice D. Y. Chandrachud's last day in office leaves the country's public sector units (PSUs) in a cloud of uncertainty.
2 mins
EPFO sees 7.6% rise in pension payers
The Employees Provident Fund Organisation (EPFO) saw a 7.6% rise in contributors in FY24, and adopted a new policy to support dependents and wards of EPFO employees who died during the pandemic, a press release said.
1 min
India's infra ambitions to get a new X factor: The military
The initiative under PM Gati Shakti will build dual-use road, port, power and airport projects
2 mins
Cell for handling new health crises planned
The cell would meet regularly during crises, or it would meet as and when required to fix priorities
1 min
FROM PERENNIALLY CAPITAL-STARVED TO PROVIDER OF CAPITAL
Calls from foreign HR feel like a 'Follow' request from a college crush to Bertie
4 mins
SBI's core performance soft in Q2
State Bank of India Ltd (SBI) has reported an impressive jump of 51% year-on-year (y-o-y) in its September quarter (Q2FY25) standalone pre-provisioning operating profit (PPoP) to ₹29,295 crore.
2 mins
Nifty earnings growth estimate for FY26 looks tough to achieve
More reforms are needed on land, labour, farm and judiciary to improve the investment climate Nilesh Shah MD, Kotak Mahindra Asset Management Co.
3 mins
Land deals soar amid India's housing boom
Godrej Properties has made 10 land acquisitions so far this fiscal year
2 mins
Warner Music India invests in SkillBox, enters live shows biz
Investing in SkillBox blends with Warner Music India's aim of being artiste-first, fan-first, said its MD Jay Mehta
1 min
Trump fuels Bitcoin surge to $80,000 for the first time
Bitcoin is closing in on $80,000 for the first time, boosted by President-elect Donald Trump's embrace of digital assets and the prospect of a Congress featuring pro-crypto lawmakers.
1 min
Rising rural incomes swell FMCG basket
Digital payments are also on the rise, with 42% of rural internet users now using these services
2 mins
Mr Beast, Logan Paul to find India a tough market to crack
No. 1 YouTuber launches Feastables chocolates, wrestler-creator to sell Prime energy drinks
2 mins
Malai kulfi to jaggery: Indian liquor firms infuse heritage into spirits
India's alcohol business is getting a flavourful makeover as local distillers infuse their spirits with a rich mix of regional ingredients.
2 mins
'India to be among the top 3 markets for WPP'
WPP to expand India team with Chennai campus as a strategic global hub
2 mins
Vedanta Resources cuts debt by $4.7 bn
Vedanta's zinc and aluminum production volumes have also reached record levels, says Anil Agarwal
1 min
Star-backed, smaller content-driven films land box office wins
In a competitive landscape, stars as producers or promoters can attract a broader audience to smaller films
1 min
China courts U.S. allies as defense against Trump's protectionism
Beijing hopes to use 'proactive' tariff cuts and investment offers to draw American partners in Europe and Asia
5 mins
US ordered TSMC to halt shipments of AI chips to China
The US ordered Taiwan Semiconductor Manufacturing Co. (TSMC) to halt shipments of advanced chips to Chinese customers that are often used in artificial intelligence applications starting Monday, according to a person familiar with the matter.
2 mins
How ChatGPT brought down an online education giant
Chegg's stock has dropped 99% as students looking for help with homework defect to artificial intelligence
4 mins
'Natural gas will benefit Northeast'
Exploration and monetisation of natural gas deposits in the northeastern region can help cut down its import, while boosting the local economy and providing more trade opportunities, a top official of the Indian Gas Exchange (IGX) said.
1 min
Not worried about US election results, says EAM Jaishankar
EAM holds frequent talks with foreign govts, corporates on interest in Indian talent
1 min
Govt gets ₹3,449 cr from HZL OFS
The government has raised ₹3,449 crore through offer-for-sale (OFS) in Hindustan Zinc Ltd by selling about 1.6% stake.
1 min
Sanjiv Khanna to be sworn in as the 51st chief justice today
Justice Sanjiv Khanna, who has been part of several landmark Supreme Court judgments like scrapping the electoral bonds scheme and upholding abrogation of Article 370, will be sworn in as the 51st Chief Justice of India on Monday.
1 min
Singapore Airlines to invest more in AI
Singapore Airlines will make an additional investment of ₹3,194.5 crore in Tata Group-owned Air India post the merger with Vistara in November.
1 min
'India good market for Sony's gaming'
India is emerging as a \"good opportunity market\" in the gaming business for the consumer electronic major Sony, its India managing director Sunil Nayyar said.
1 min
India Infra Fin plans subsidiary for ABS
The India Infrastructure Finance Co. Ltd (IIFCL) is planning to set up a subsidiary to issue asset-backed securities (ABS) or covered bonds, as it aims to securitise its assets and conserve capital for further business growth.
1 min
Sebi may expand scope of UPSI
To enhance transparency in market disclosures, Sebi is looking to broaden the scope of Unpublished Price-sensitive Information (UPSI) by including proposed fundraising activities, restructuring plans, and one-time bank settlements.
1 min
Coal import rises 8% in Apr-Sep
India's coal import rose by 7.8% to 140.6 million tonnes (mt) in the April-September period of the ongoing financial year.
1 min
Black Box Q2 net profit rises 60%
Essar Group's IT arm Black Box has reported a 60% jump in consolidated net profit to ₹51.14 crore for the July-September quarter, helped by operating leverage.
1 min
HAI mulls govt aid for smaller hotels
Hotel Association of India (HAI) is considering asking government to provide incentives to small hotel operators for adopting sustainability practices, as per its secretary general M.P. Bezbaruah.
1 min
WHAT TRUMP 2.0 MEANS FOR INDIAN INVESTORS
Some domestic sectors are expected to gain from Trump’s stated policy stance. Here’s how to reposition your portfolio
7 mins
SOLVING FINANCIAL ENMESHMENT FOR A RESILIENT SOCIETY
Balancing family support with individual autonomy helps promote sound financial health
2 mins
EPF interest delays: How does it impact compounding, tax filing?
Subscribers urge EPFO to credit interests on time amid rising concerns over fund transparency, tax implications
5 mins
What a car loan costs you
It is tempting to buy a new car, be it an upgrade, a first car or another car for the family.
1 min
Why 'liberals' are often bad ambassadors of good ideas
They may say all the right things but the preachy way they go about it works against their own cause
4 mins
It's for CEOs to ensure that their businesses are consumer centric
The insight generation needed to meet growth objectives is an exercise that requires top sponsorship
3 mins
Jet's liquidation was not an optimal destination
The prolonged turbulence of its revival failure exposes flaws in India's insolvency process, but 'complete justice' isn't served by the duopoly market for aviation that we've flown into
2 mins
Mint Mumbai 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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