Mint Mumbai - November 19, 2024
Mint Mumbai - November 19, 2024
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In this issue
November 19, 2024
FM makes a case for cheaper bank loans
Piyush Goyal earlier asked to skip food prices in rate decisions
2 mins
Delhi stares at more dusty days as strict curbs set in
After imposing the toughest curbs after pollution levels shot through the roof, the national capital is left with few options, as weather predictions pointed to more dusty days ahead.
3 mins
CCI slaps ₹213 cr fine on Meta over WhatsApp policy
India's competition watchdog on Monday imposed a ₹213-crore penalty on Meta for abusing its dominant position as the 2021 privacy policy update of its massaging app WhatsApp undermined users' ability to opt out of getting their data shared with the group's social media platform Facebook.
2 mins
Will exceed direct tax collection target for this fiscal
The government expects to exceed its ₹22 trillion direct tax collection target for this financial year, going by the current trend in tax receipts, Central Board of Direct Taxes (CBDT) chairperson Ravi Agarwal said on Monday.
1 min
Govt may widen eligible age for PM internship scheme
According to early talks, the age criterion is likely to be widened from 21-24 currently, to 18-25
2 mins
Three neighbouring countries show interest in Gati Shakti
A little over three years since its 2021 launch, PM Gati Shakti may soon go global with as many as three neighbouring countries showing an interest in the platform and the government planning to showcase the technology in Europe and the US.
1 min
Sep workforce participation rises in urban areas
For males, the jobless rate fell from 6.0% to 5.7%, while for females, it dropped from 8.6% to 8.4%
1 min
Electronics among top Apr-Oct exports
India's merchandise exports continued their upward trajectory during April-October, with 21 of the top 30 sectors registering growth in value terms, buoyed by rising global demand for Indian goods.
2 mins
Honasa scrip falls on Mamaearth sales dip
Emkay Global has halved parent Honasa's share target price to ₹300
2 mins
Geniemode looking to raise ₹500 crore
Tiger Global-backed Genie-mode is looking to raise about ₹500 crore from new and existing investors in a mix of primary and secondary transactions, three people familiar with the matter told Mint.
1 min
HealthKart completes $153 million secondary fundraise
Fitness supplement brand HealthKart announced a $153 million secondary funding round led by investors ChrysCapital and Motilal Oswal Alternates, as well as a buyback of employee stock options worth ₹55 crore.
1 min
NTPC plans ₹5 tn renewable energy spending by 2030
The investments would be made under NTPC Green Energy, which will launch its ₹10,000 crore IPO today
2 mins
Kalyan is shining but pricey
Shares of Kalyan Jewellers India Ltd are down 5% since its September quarter (Q2FY25) results were out on Wednesday during market hours.
2 mins
BlackBuck's early backers to reap 2-5x gains in IPO
The ₹1,114.72 crore IPO of the online trucking platform was fully subscribed on Monday at 1.2 times
2 mins
Nykaa's beauty business glows but margin stays a sore spot
The September quarter (Q2FY25) results of FSN E-commerce Ventures Ltd, the parent of Nykaa, showcased robust growth in the beauty business, while fashion was sluggish—mirroring a trend seen in the previous few quarters.
1 min
Centre advances EV 3-wheeler subsidies
Govt fast-tracks PM E-Drive subsidies for FY25 to meet surging demand
2 mins
Polymatech eyes $300-mn global buyouts
The chip manufacturer is expected to close two acquisitions within the next few months in the US and France
1 min
M&S scales back India home decor biz
British retailer Marks and Spencer is scaling back its home decor business in India, removing home linen, home decor, and dinnerware from store shelves, as it prioritizes core categories, including apparel.
2 mins
OTTs chase star-led box office flops
Audiences have rejected star films that didn't deliver on content and no longer flock to cinema halls for popular faces
2 mins
Proxy firms against Goenka's reappointment as Zee chief
Failure to conclude Sony merger, fall in profits, governance issues among reasons cited
3 mins
Foxconn scraps hiring bias in India after probe
Apple supplier Foxconn has ordered the hiring agents that help recruit iPhone assembly workers in India to remove age, gender and marital criteria as well as the manufacturer's name in job advertisements, according to three people familiar with the matter and almost a dozen ads reviewed by Reuters.
1 min
Can DLF hit it out of the park, beyond its Delhi-NCR playground?
The Gurugram-headquartered firm, though, plans to tread cautiously into the new markets it is looking to enter
3 mins
HSBC managers are competing for jobs in CEO revamp
SBC Holdings Plc has asked hundreds of managers to reapply for jobs in the firm's newly formed corporate and institutional banking division as chief executive officer Georges Elhedery continues his hunt for ways to make the bank run more efficiently.
2 mins
How to make Elon Musk's budget-slashing dreams come true
Any serious fiscal policies must go through Congress. That may end up being the key test of DOGE and Trump
1 min
As Beijing threatens, Taiwan looks nervously at Trump
Washington is Taipei's key backer, selling it billions of dollars in weapons for the island's self-defense
5 mins
Centre pushes back on RBI's proposed provisioning norms
Proposals include banks needing to set aside more funds for infrastructure projects
1 min
Fresh insolvency pleas for SpiceJet
Two more insolvency petitions were filed by Sabarmati Aviation and JetAir 17 against budget carrier SpiceJet at the National Company Law Tribunal (NCLT) on Monday.
1 min
Premji Invest, SBI MF sell 6.6% in MedPlus
Premji Invest and SBI Mutual Fund (MF) on Monday divested a 6.6% stake in retail pharmacy and diagnostics chain MedPlus Health Services for 552 crore through open market transactions.
1 min
'Al-Vistara merger a pivotal moment'
Singapore Airlines CEO Goh Choon Phong on Monday said the airline group will support the ongoing transformation of the enlarged Air India Group by offering \"our stewardship and expertise where possible\" as he emphasised that Air India-Vistara merger marks a pivotal moment for Indian aviation.
1 min
MakeMyTrip to buy Happay from CRED
Online travel company MakeMyTrip said on Monday that it will acquire Happay Expense Management Platform from CRED.
1 min
Zepto expands cafe service to big cities
Quick commerce platform Zepto on Monday announced the rollout of its cafe service in major cities and said it is targeting a revenue run-rate of ₹1,000 crore by 2026.
1 min
G20 summit begins in Brazil's Rio
President Luiz Inacio Lula da Silva received the heads of government on a red carpet at the museum where they will meet through midday on Tuesday.
1 min
Climate tax on oil giants could fuel billions to UN fund: report
UN fund meant to address climate emergencies could significantly benefit from taxing seven of the world's biggest oil and gas companies, two nonprofits suggested in a joint report issued on the sidelines of the UN climate conference in Baku.
1 min
Meesho cracks down on fraud
Meesho has acted against 22 million suspicious transactions on its platform and filed 12 cases in the last 12 months, according to the company's annual report released on Monday.
1 min
RBI guv term likely to be extended
The government is likely to extend the term of central bank governor Shaktikanta Das for a second time, three sources with direct knowledge of the matter told Reuters, an unprecedented move that would make him the longest-serving chief since the 1960s.
1 min
Domestic air traffic hits new record
Marking a new record, domestic air passenger traffic crossed 500,000 for the first time in a single day on Sunday, reflecting strong travel demand amid festive and wedding seasons.
1 min
BOREDOM: THE INVISIBLE CAUSE OF RISING ATTRITION
They deliver on the job, but many employees are just going through the motions with one eye on the exits
1 min
FALLING MARKETS ARE JUST WHAT YOU NEED: HERE'S WHY
For some of you, a market downturn may be an ideal time for a complete financial reset
2 mins
How working abroad gives young Indians a wealth edge back home
Working overseas gives them the advantage to earn in stronger currencies and benefit from exchange rates
5 mins
Remitting foreign fund: Tax implication for NRI
I will be moving back to India in FY25. Do I need to bring the money I earned abroad with me? If yes, will it be taxed? If no, what will be the tax implications in India in the future?
1 min
Viksit Bharat needs big plans and coordinated action
Let's transform manufacturing and agriculture, decarbonize the economy and unleash growth led by women
3 mins
Let's tackle the harsh realities of mental health at the workplace
Ensure an inclusive work environment with policies of reasonable accommodation and support
3 mins
Hypersonic weapons in the age of A!: Be careful
Indias hypersonic missile marks a leap and updates its nuclear deterrence. But dangers lurk in the global race for these speedy and sneaky weapons, wit/z AI -use posing new risks
1 min
Indonesia will need to tread a fine line after T rump's return
Jez/farms relations with China mustn,t send out the wrong signals
3 mins
What if Donald Trump keeps his promises on economic policy?
The 2024 US election is one of those rare instances where there is palpable fem that the winner will actually follow through
3 mins
The Indian state is still to fully unshackle our economy
Economic success needs the state to function as an enlightened referee and be less statist
3 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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