Mint Hyderabad - January 29, 2025

Mint Hyderabad - January 29, 2025

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In this issue
January 29, 2025
India, China Agree to Resume Air Travel
India and China have agreed to resume direct air services after nearly five years and work on resolving differences over trade and economic issues, New Delhi said, as relations continue to thaw after a deadly 2020 border clash.
1 min
Nearly $2 bn earmarked for critical minerals sector
The mines ministry has earmarked nearly $2 billion to develop its critical minerals sector as India aims to secure raw materials such as lithium, according to a person aware of the matter and documents from the ministry.
1 min
Infra status unlikely for EV charging despite demand
Charging infrastructure is critical in India, where EV adoption is growing rapidly.
2 mins
New incentives to tap Trump's China stance weighed
The government is considering offering fiscal incentives to attract fresh investments to harness opportunities emanating from US President Donald Trump's strong anti-China stance and to boost India's growth, including a second version of the 15% concessional corporate tax scheme for specific sectors, people aware of the development said.
1 min
ANI vs OpenAI, starting 21 Feb
The case may shape India's AI regulation, copyright issues
1 min
DeepSeek May Boost Race for India AI Model
Chinese firm's low-cost model raises hopes of democratizing AI globally
2 mins
Tanglin eyes $250 mn 3rd fund
Tanglin Venture Partners, a venture capital (VC) firm floated by Tiger Global executives Ravi Venkatesh and Edwina Yeo, is targeting to raise about $250 million for its third investment vehicle, according to the firm's filing with the US Securities and Exchange Commission.
1 min
Sops, recoveries fuel NTPC's Q3, but execution still crucial
TPC Ltd's consolidated Ebitda surged 20% year-on-year (y-o-y) to ₹13,700 crore in the December quarter (Q3FY25), driven by lower other expenses and slower growth in fuel costs as coal production ramped up.
1 min
Demerger of HZL awaits Vedanta split
In November, the government raised ₹3,449 cr by selling a 1.6% stake in the company through an offer for sale
1 min
Dahlias key to DLF's rosy FY25
Realty firm DLF Ltd's FY25 pre-sales target of ₹17,000 crore was a tall order, as H1FY25 was marred by muted new launches and weak sales in existing projects. But the launch of the uber-luxury 'The Dahlias' at Golf Course Road in Gurugram Q3FY25 changed everything.
2 mins
Actis nears Stride deal amid renewable boom
Actis signed a $325 million deal to buy Macquarie's green energy platform
3 mins
Cipla's Q3 margins hit record high despite US biz slowdown
Pharma major Cipla Ltd on Tuesday announced highest-ever quarterly revenue and Ebitda margin, as robust sales in India, Europe and emerging markets outweighed weakness in its US business.
1 min
Bankers bat for job creation, tax incentives in budget 2025
Experts advise PLI scheme for import substitution in pockets where a manufacturing facility could be set up
2 mins
Moulding the future of Damodaran calls for heightened regulatory impact assessment
The former Sebi chairperson lauded the regulator for moving to a \"trust but verify\" approach
2 mins
NPS adoption slow: Mohanty
The National Pension System (NPS) introduced in 2004 for government employees has since been extended to others but adoption has been slower than desired, said Deepak Mohanty, chairperson of the Pension Fund Regulatory and Development Authority (PFRDA), at the Mint BFSI Summit.
1 min
More tier-II companies are likely to drive IPO boom in 2025
After a year of record fundraising through initial public offerings (IPO), merchant bankers are expecting domestic IPOs to gather more steam in 2025, with increasing funding demand from tier-II companies.
2 mins
Fintech: Disruption vs Regulation
The shift toward a governance model is significant; fintechs are adapting to this balance of good and bad disruption.
1 min
Experts bat for green taxonomy for climate finance
India's climate financing activities need to be buttressed by a green taxonomy and new risk management models, said a panel of experts at the Mint BFSI Summit.
1 min
Bima Sugam: Unlocking the potential of digital insurance
The insurance industry expects government-backed digital insurance marketplace Bima Sugam, which is set to debut in a few months, to be a game-changer for the crucial sector.
1 min
Irdai Considers Increasing FDI in Insurance to 100%
The Insurance Regulatory and Development Authority of India (Irdai) is considering increasing foreign direct investment (FDI) in the insurance sector to 100% from 74% now, Deepak Sood, whole-time member of Irdai, said at the Mint BFSI Summit and Awards held recently.
2 mins
Hybrid funds are best suited to handle current market volatility
In 2024, investors felt tremors of a volatile market as corporate earnings growth started slowing in the second half of the year
3 mins
Lightbox returns a third of its second fund to investors
Venture capital firm expects the fund to generate fivefold returns within 3-4 years
2 mins
Gen Z Drives Demand for Affordable Luxury Section
Gen Z accounts for 20-25% of online lifestyle market, a report by Bain & Co. and Myntra said
2 mins
Bollywood's nostalgia play: Re-releases risk losing steam
Old is gold, they say—but maybe not always? For Indian cinema, tapping into nostalgia has become the latest gamble to lure audiences back to theatres.
2 mins
Trump order freezing foreign aid halts programs globally, prompts confusion and rush for waivers
Suspension affects humanitarian programs, counterterrorism efforts and weapons financing
5 mins
Returning Gazans take stock of destruction after cease-fire
When a cease-fire took effect in Gaza this month, Ibrahim Raba'a went back to Jabalia—the scene of rounds of intense fighting between Palestinian militant group Hamas and the Israeli military—to see what had become of his home.
4 mins
SpiceJet to reinduct grounded fleet
Domestic budget carrier SpiceJet on Tuesday said it is set to re-induct one of its grounded Boeing 737 Max aircraft into operations from 29 January, as part of its plan to put all these planes back into service in a phased manner.
1 min
Mahindra Finance Q3 profit rises 63%
Mahindra and Mahindra Financial Services (Mahindra Finance) on Tuesday reported a 63% year-on-year increase in standalone profit after tax to ₹899 crore in the fiscal third quarter.
1 min
I-T dept searches IIFL Group firms
India's income tax (I-T) department is undertaking search operations at three IIFL Group companies, two people familiar with the development said on Tuesday.
1 min
Zepto's reverse flip done ahead of IPO
Zepto has marked a milestone with the completion of its reverse flip from Singapore to India ahead of its proposed initial public offering (IPO).
1 min
JLR seeks $500 mn offshore loan
Jaguar Land Rover Automotive, the British arm of Tata Motors Ltd, is planning to raise $500 million through an offshore loan, according to a company statement, joining a flurry of dollar debt deals from Indian conglomerates.
1 min
Rupee falls to 86.56 against the dollar
Rupee depreciated 25 paise to close at 86.56 (provisional) against the dollar on Tuesday, as global risk sentiments were dampened amid tariff threats by US President Donald Trump.
1 min
Hyundai Q3 profit dips 19% to ₹1,161 cr
Hyundai Motor India said its consolidated profit after tax declined 19% to ₹1,161 crore for the third quarter, hit by subdued demand and geo-political factors.
1 min
IGX Gets Nod for Long-Term Contracts
The Indian Gas Exchange (IGX) announced the launch of long-duration gas supply contracts of 3-6 months, following approval from the Petroleum and Natural Gas Regulatory Board (PNGRB).
1 min
Honda Sets Its Sights on 50% Share of World's Motorcycle Market
Honda Motor Co. is looking to capture half of the world's market for motorcycles as industry-wide sales of two-wheelers, both gas and electric, are tipped to reach 60 million units annually by 2030.
1 min
Govt starts surveys as GBS cases rise
The Maharashtra government and Union health ministry have together started household surveys in Pune, which is seeing a surge in Guillain-Barré Syndrome (GBS) cases across the city.
1 min
Why Bollywood Has No Lights, Camera, Action
Producers aren't making films if Netflix or Amazon Prime Video haven't bought streaming rights
7 mins
Banking beyond borders: Can US citizens open accounts in India?
Exploring banking options for foreign nationals, from NRE, NRO and FCNR accounts to Gift City investments
4 mins
Defending your will: Key legal steps to protect family interests
What legal steps can my family take to protect their interests and ensure the validity of my will if someone challenges it in court? —Name withheld on request
2 mins
The Raj extracted $65 trillion from us: Fact or fiction?
Oxfam's huge estimate does not withstand scrutiny as it makes too many flimsy assumptions
3 mins
CCI order on WhatsApp's use of user data: Its broad thrust is fine
The NCLAT stayed a weak part of it but the case shows how privacy and antitrust issues are linked
3 mins
Budgeting to achieve outcomes: Let 'Pay for results' lead the way
Linking expenditure with outcomes will effect the behavioural shifts India needs and enhance the efficacy of budget outlays
4 mins
US tech curbs and China's AI success hold lessons for us
Technology denial regimes often spur self-reliance, as seen in AI, and India must indigenize advances too
3 mins
Ageing trees and animals are more valuable than we think
The world must protect life forms that live long to secure its future
3 mins
Always-Listening AI: Can These Devices Be Trusted?
Wearables that can act as a second mind are here, but some users and researchers feel they could become a privacy nightmare
4 mins
Designed for ergonomics and accessibility
The upgraded AI features in this phone are well-integrated, though not pivotal
2 mins
Mint Hyderabad 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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