Mint Mumbai - November 20, 2024
Mint Mumbai - November 20, 2024
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In this issue
November 20, 2024
Bullet train project: India eyes alternatives to Japan
Delays in commission-D ing ofthe ₹l.08 trillion Mumbai-Ahmedabad bullet train have prompted India to explore alternatives to Japan as the Union government is keen to launch the ambitious project in 2026, ahead ofthe Gujarat assembly election the following year, three people aware of the development said.
2 mins
Top banks scramble for PSU refmeryb ₹27,000 crore loan
India's top lenders are falling over each other to finance a ₹39,000 crore refinery being set up by Chennai Petroleum Corp. and Indian Oil Corp. in Tamil Nadu, in one of the largest corporate loan deals in recent times.
2 mins
Adani sets $2 bn for convention centre in Mumbai
The Adani Group is planning to spend around $2 billion to build Mumbai's largest international convention centre (ICC) near the international airport that it operates, two people aware of the matter said.
1 min
1OO tourist spots to get a facelift in five-year plan
Hiring global experts, focused plans for selected destinations at a later stage
3 mins
AI investments are booming, but venture-firm profits are at a historic lon
Silicon Valley's venture-S capital firms are having an easy time finding promising startups to back. The hard part is cashing out.
3 mins
Food or cosmetic? SC to answer query over tiny coconut oil packs
A tiny bottle of coconut A oil-would you use it to cook up a meal, or to nourish your hair?
2 mins
Tie-up for better care of diabetes patients
In a move to improve diabetes care, the National Accreditation Board for Hospitals and Healthcare Providers (NABH), part of the Quality Council of India, has signed a memorandum of understanding with the Research Society for the Study of Diabetes in India (RSSDI).
1 min
'Centre will electrify its own fleet, states must follow suit'
Adviser in the PMO says state governments will be incentivizeol through interest-free loans
2 mins
India's FTAs stress on equity and balance
Goyal said FTAs are driven by India's long-term vision of fostering sustainable and fair trade partnerships
1 min
India needs an EPA to tackle pollution
Dr Soumya Swaminathan, former chief scientist at the World Health Organization, says India should adopt an \"airshed approach\" to analyze its air pollution crisis and set up an environment protection agency to enforce government rules with strict action.
2 mins
G20 summit ends in disappointment for climate negotiators in Baku
The Group of 20 summit T in Brazil's Rio De Janeiro disappointed negotiators at the UN Climate Change Conference Baku-COP29, as it failed to send a strong signal on the pressing need to resolve the climate crisis.
2 mins
Star appeal, small towns lift demand for athleisure wear
Jockey India opened its first physical retail store for athleisure wear in Kochi last month
1 min
SolarSquare eyes $30 mn from Lightspeed, others
Likely investment signals Lightspeed’s focus on climate-centred ventures
2 mins
Apollo Tyres has a long ride ahead before it catches up
Apollo Tyres Ltd's ride in 2024 so far has been tough. Its stock is up a mere 7%, significantly behind the Nifty Auto Index's 26% returns. Its poor September quarter (Q2FY25) results indicate this wide gap is unlikely to be bridged soon.
1 min
SME IPOs: Sebi for doubling minimum application size
The move comes as part of Sebi's broader review of the listing process and corporate governance norms for SM Es
2 mins
Saatvik Green files papers for an IPO
Saatvik Green Energy has S filed a draft red herring prospectus (DRHP) with the market regulator for an initial public offering (IPO) as it seeks to raise capital for setting up a solar module manufacturing plant and repay debt.
1 min
IIFL Finance revives $400 mn bond plan halted by RBI curbs
IIFL Finance Ltd is preparing to revive its $400 million bond plan after putting it on hold due to restrictions imposed by India's central bank on parts of its business, according to people familiar with the matter.
1 min
Retail investors buying the dip may be 'skating on thin ice'
Individuals investing in stocks show no signs of slowing even as India's benchmark indices have shed significant gains since hitting record highs in September, prompting a warning from leading wealth managers and brokers against 'buying the dip' in hope of short-term gains.
1 min
IGL, MGL face perils of policy
City gas distributors Indraprastha Gas Ltd (IGL) and Mahanagar Gas Ltd (MGL) have suffered two consecutive blows in a month.
2 mins
Markets reverse 7-day decline
Stock indices rebounded after falling in the past seven sessions due to FII selling, tepid Q2 earnings, rising US yields
1 min
India's rural consumption sees a rew'val. But is it sustainable?
India's consumer goods giants found an unexpected saviour this past quarter: rural demand.
2 mins
Meta rejects CCI's ₹213 crore fine over WA privacy update
The tech major is set to contest CCI's ruling on WhatsApp privacy policy at appellate tribunal
2 mins
Prime, JioStar ads to hit smaller OTTs
With Amazon Prime Video's and merged JioStar's dominance, small regional language OTTs' bargaining power will be hit
2 mins
Honasa disputes unsold stocks allegations by distributors, body
Honasa Consumer, the H parent to personal care brand Mamaearth, has denied allegations by the All India Consumer Products Distributors Federation (AICPDF) regarding unsold stocks causing financial burden on distributors and retailers, noting that the figures mentioned by the industry body is °'inconsistent,\" with the sales driven through the channel.
1 min
Suditi Ind acquires kidswear brand Gini & Jony
Textile and garment manufacturer Suditi Industries on Tuesday announced the acquisition of homegrown kidswear retailer Gini & Jony for an undisclosed sum.
1 min
RMZ98 j oint venture to invest $l.7 bn for India data centres
India's data centre capacity has doubled since 2019, with 26% projected CAGR over three years drawing investors
1 min
Tata Power, DGPC to jointly develop projects in Bhutan
DGPC is an arm of Druk, a Bhutan govt-owned holding company with investments in energy to financial services
1 min
HC summons OpenAI in ANI copyright infringement plea
Agency says ChatGPT owner does not have the right to exploit or create copies of its content
3 mins
Govt plans minority stake sale in four state-run banks
The Indian government is considering selling minority stakes in four state-run banks to comply with public shareholding norms mandated by the country's markets regulator, a government source told Reuters.
1 min
NBCC India seeks to double revenue to ₹25,000 cr: CMD
The govt construction firm will leverage its land bank and take up redevelopment projects
3 mins
Oil glut set to thwart Trump's call to 'frack, frack, frack'
US President-elect Donald Trump's vows to \"frack, frack, frack\" are about to collide with a global crude glut that's set to, finally, temper record shale production.
1 min
Chinese stocks face another volatile year as policy clouds gather at home, abroad
Chinese equities are in for another volatile year as markets weigh the impact of Beijing's seesawing stimulus against the potential threat posed by U.S. trade policy.
3 mins
Antitrust enforcers prepare a final blitz against Big Tech
The FTC is laying the groundwork to open an investigation into Microsoft's cloud business and other practices
4 mins
Why Big Oil doesn't mind big regulation
Donald Trump has promised to remove Biden-era regulatory barriers to drilling oil and gas, and that has become even easier with Republicans' House majority.
2 mins
Google's Anthropic deal cleared in UK
Google's partnership with AI firm Anthropic has avoided further scrutiny after the UK antitrust watchdog concluded it doesn't qualify for a full-blown investigation under merger rules.
1 min
Adani Infra to buy 30% in PSP Projects
Adani Infra will purchase a 30.07% stake in construction firm PSP Projects for ₹685 crore, the latter said on Tuesday.
1 min
'Big Billion Days' boost for Walmart
U.S.-based retail giant Walmart on Tuesday said its international sales in the third quarter got a boost from the 'Big Billion Days' sales event by its Indian e-commerce arm Flipkart.
1 min
Consumer watchdog moves to standardize diamond labelling
The CCPA is expected to release the draft guidelines in the coming weeks
1 min
RBI cautions about Das deepfake video
The Reserve Bank of India (RBI) on Tuesday cautioned public against \"deepfake\" videos of the governor being circulated on social media that claim the launch of or support to some investment schemes by the central bank.
1 min
NTPC Green IPO subscribed 33%
The initial public offer (IPO) of NTPC Green Energy Ltd, the renewable energy arm of state-run NTPC Ltd, was subscribed 33% on the first day of the share sale on Tuesday.
1 min
Blue Tokai eyes high growth before IPO
Coffee chain Blue Tokai is aiming for a nearly threefold jump in annual revenue by 2027 before it decides whether to go public, its top boss told Reuters on Monday.
1 min
Core biz to grow at 30% a year: Zomato
Food delivery major Zomato expects its key meal delivery business to grow at an annual rate of 30% over the next five years, a top executive said, hailing the listing of SoftBank-backed peer Swiggy as a boost for the sector.
1 min
NCR records threefold jump in patients with breathing issues
Doctors and hospitals in the Delhi-National Capital Region (NCR) said they are seeing a threefold jump in patients reporting respiratory ailments triggered by alarming air pollution levels.
1 min
Amazon expands exporter scheme
E-commerce major Amazon on Tuesday said it has expanded its cross-border logistics programme Global Selling Seller Exports and Delivery (SEND), which will help Indian exporters ship goods abroad.
1 min
Paytm enables UPI payments abroad
Paytm owner One97 Communications on Tuesday said Paytm users will be able to make UPI payments at select international locations, including popular spots in the UAE, Singapore, France, Mauritius, Bhutan and Nepal.
1 min
WILL INDIAN HOTELS CO'S BULL RUN CONTINUE?
From budget to luxury properties, the hospitality chain has been adding assets across the board
8 mins
Plan to retain EPF balance post-retirement? Key facts
Here are essential details on interest, taxes, accrual and claim deadlines for your EPF funds
2 mins
Can a private trust benefit a differently abled child?
Can a private trust benth a differently-abled child, and who should be appointed as trustee? How can utilization of the trust's assets be effectively controlled? -Name withheld on request.
1 min
7 HABITS OF INVESTORS WHO THRIVE DURING CORRECTIONS
Market corrections are an inevitable part of the investing journey, but they don't have to derail long-term financial goals.
3 mins
Why are stock market 'experts' reluctant to accept uncertainty?
Share price trajectories offer no certainty but many people have an incentive not to admit as much
4 mins
Several small and three big reasons for Trump's return
The US election outcome wasn't just about who ran and how. It carries deeper implications for democracy
4 mins
Meta: An Antitrust Case That Sent A Privacy Alert
WhatsApp's owner was fined for abusing its market heft, but what it did also sparked an online stir over privacy-the protection of which under India's new law is keenly awaited
2 mins
Climate action: It needs to rise above the pressures ofpolitics
Letts think of wznwzn solutions that favour everyonefs well-being
3 mins
Give the account aggregator system a privacy upgrade
A software fix exists that can enforce India's privacy law on users of this financial data sharing network
4 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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