Mint Bangalore - February 11, 2025
Mint Bangalore - February 11, 2025
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In this issue
February 11, 2025
India Sets Up EFTA Desk To Promote Trade
India on Monday announced the setting up of a dedicated platform—European Free Trade Association (EFTA) desk—to promote trade, investment, and business facilitation between the two regions.
1 min
ONGC and bp join hands for E&P, energy trading
The MoU comes within a month of ONGC selecting bp as a technical service provider for its flagship Mumbai high field
1 min
Taxman told to stop chasing biz for interest, penalty dues
Reducing GST litigation, improving ease of doing business has been a priority for the govt
2 mins
Retail inflation likely eased to a five-month low in Jan: Mint poll
Continuing softness All economists polled by Mint expected inflation to moderate in January.
1 min
Jan Aushadhi to add 10,000 stores by '27
The scheme sold medicines worth ₹665 crore in FY21, which doubled in the next two years to ₹1,236 crore
2 mins
Zaggle eyes merchant card market expansion
Fintech firm Zaggle Prepaid Ocean Services Ltd plans to enter the merchant card network space through an acquisition and is in talks with a potential target, managing director and chief executive Avinash Godkhindi said on Monday.
1 min
OpenAI Set to Finalize First Custom Chip Design This Year
The ChatGPT maker is pushing ahead with its plan to cut reliance on Nvidia for chip supply
2 mins
Gradual margin recovery to keep Apollo on tough terrain
Apollo Tyres Ltd is grappling with acute margin pressure amid weak demand. Elevated raw material expenses and higher-cost inventory hurt Q3FY25 earnings.
1 min
RBI Intervenes to Stop Rupee's Fall to 88 Against Dollar
The rupee has emerged as the worst-performing Asian currency year-to-date against a stronger dollar
2 mins
What is Elon Musk getting up to with America's payment system?
On the morning of January 28th, April Mullins-Datko, the director of ADVOCAP, a social-services provider in Fond du Lac, a city of 40,000 people in Wisconsin, put in her usual request to draw down $250,000 to pay staff salaries and other expenses connected with Head Start, a federal program that provides child care, education and food to families on low incomes.
4 mins
Eureka Forbes Q3 Profit Rises 53%
Eureka Forbes Ltd, a health and hygiene products maker, on Monday reported a 52.5% increase in its consolidated net profit to ₹35.03 crore in the December 2024 ending quarter.
1 min
Rolls-Royce to double India sourcing
Rolls-Royce said it will double its sourcing from India over the next five years.
1 min
Varun Beverages misses profit view
Pepsi India bottler Varun Beverages reported fourth-quarter profit below analysts' estimates on Monday, as higher raw material costs overshadowed volumes growth driven by its expansion in Africa.
1 min
Berger Paints open to acquisitions
Berger Paints Ltd chairman Rishma Kaur on Monday said that the company will continue to build on its century-old legacy of trust and innovation while focusing on \"sustainable\" growth and strategic expansion.
1 min
GAIL Revives Plan to Buy US LNG
GAIL India Ltd will seek to buy a stake in a US liquefied natural gas (LNG) plant or secure long-term US LNG supply after the Trump administration lifted a ban on export permits for new projects, chairman Sandeep Kumar Gupta said.
1 min
Bata Misses Q3 Profit Estimates
Bata's Q3 profit was hurt by sluggish consumer demand amid high inflation.
1 min
US Tariffs: Steel Cos Dial Govt for Help
A lobby of Indian steelmakers has urged the Indian government to step in after US President Donald Trump announced plans to levy additional duty on steel and aluminium imported into the country.
1 min
Google AI chief says DeepSeek's cost claims are 'exaggerated'
The notion that China's DeepSeek spent under $6 million to develop its artificial intelligence (AI) system is \"exaggerated and a little bit misleading,\" according Google DeepMind boss Demis Hassabis.
1 min
Nokia hires Intel's AI executive as CEO
Nokia Oyj said it was replacing chief executive officer Pekka Lundmark with Intel Corp.'s Justin Hotard in a surprise announcement as the network equipment maker works to exit a prolonged slump in orders from phone operators.
1 min
Quality Power IPO to open on 14 Feb
Quality Power, an energy transmission equipment and power technologies company, on Monday fixed a price band of ₹401 to ₹425 per share for its ₹859-crore initial public offering (IPO).
1 min
How Couples Can Harness the Best of Both Old and New Tax Regimes
Couples could use house rent allowance and tax planning to lower their overall tax outgo post-budget 2025
3 mins
International cooperation has a key role in fostering 'AI for Good'
The Paris summit offers a platform for stakeholders to discuss AI aimed at sustainable development
3 mins
Reset import tariffs: Trump's policies offer us a pretext
Let's use this moment to lower duties across the board and let a weaker rupee push up exports
4 mins
Trump's Trade Blow Could Well Land on His MAGA Supporters
America's poorest consumers will feel the whiplash of his moves
3 mins
Businesses require restructuring to thrive in today's environment
From climate change to AI and geopolitics, there are many factors they must consider while framing long-range strategies
3 mins
Internal disparities: The state of Indian states matters
Reform action is expected to move to Indian states and it's important for our laggards to catch up
4 mins
Mint Bangalore Newspaper Description:
Publisher: HT Digital Streams Ltd.
Category: Newspaper
Language: English
Frequency: Daily
Mint Bengaluru is your trusted Source for business & financial News. Mint Bengaluru provides detailed coverage of stock markets, corporate news, banking, technology, and economic policies, keeping you ahead in the world of business. With expert insights on NSE, BSE, and global financial markets, Mint Bengaluru delivers exclusive reports on Bengaluru’s booming startup ecosystem, IT sector, and business landscape. Whether you’re an investor, entrepreneur, or professional, Mint Bengaluru is your go to source for unbiased journalism and data-driven analysis.
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