Mint Hyderabad - February 07, 2025

Mint Hyderabad - February 07, 2025

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In this issue
February 07, 2025
Millions of drones to be deployed in plan to spray fertilizers
The government is working on a plan to make 10 drones available to each of India's 660,000 villages for spraying fertilizers, two people aware of the matter said.
1 min
Need animal spirits to rise: Finance secy tells India Inc
New ideas, strategies and private investments needed to drive cycle of growth, Pandey said
2 mins
India Can Be a Wind Turbine Hub for World: Suzlon's Girish Tanti
India has the potential to become the manufacturing hub of wind power components such as turbines to cater to global demand, and policy initiatives along the lines of production-linked incentives (PLI) would go a long way in unlocking that potential, said Girish Tanti, vice chairman of Suzlon Energy Ltd.
1 min
Govt hitches health mission funding to quality care centres
The Centre has made the National Health Mission's (NHM's) ₹37,226.92-crore funding for states and Union territories conditional on their government facilities getting the necessary quality certification.
1 min
Centre likely to move off green bonds
Over the past three years, the Centre, through RBI, has issued about ₹58,000 cr in sovereign green bonds
2 mins
Page growth slips back to single digit but margin is stellar
Good and bad Page's revenue growth weakened in Q3FY25, but margin was at a multi-quarter high.
1 min
Instamart still far behind Blinkit
Swiggy Ltd's food-delivery business saw a sequential rise in its average monthly transacting users to 14.9 million in Q3FY25 from 14.7 million.
2 mins
Why tax relief hasn't spurred a strong rally yet
Investors are betting on India's consumption revival, focusing on the consumer discretionary sector
3 mins
Multiples Buys Control of AI-Focused QBurst
PE firm picks majority stake for $200 mn in its biggest tech services bet
2 mins
Akasa raises funds from Premji, Ranjan Pai family offices
Dube said the fresh funding should help the carrier become one of the top 30 global airlines by the end of 2030
1 min
Price hikes, sales trigger best quarter in a year for FMCG cos
Volumes up 7.1% in quarter on smaller packs, lower grammage, price hikes: NielsenIQ
2 mins
Hero Beats Profit View on Motorcycle Sales
Hero's scooter and motorcycle sales grew 0.3% in the quarter—the weakest growth since July-September 2022 period
1 min
Cognizant's rebound: Deals-led or organic?
The firm sees revenue uptick, but core business growth remains sluggish
2 mins
Frontloaded box-office glory cuts short theatrical lifespan
Recent big hits such as Singham Again, Animal, and Bhool Bhulaiyaa 3 may have clocked impressive numbers, but over 60% of their box office collections have come from the opening weekend or first week, with the movies unable to build substantially on what they make over the first few days.
2 mins
KLM eyes India's aviation boom
The Netherlands' flag carrier KLM will expand its operations in India by starting flights to Hyderabad in September, president and chief executive officer Marjan Rintel said in an interview with Mint. The airline will deploy Boeing 777s on the Amsterdam-Hyderabad route, its fourth connection to India.
3 mins
Russia Indicates Talks With U.S. Over Ukraine Are Intensifying
US President Trump Has Repeatedly Promised To Clinch A Deal Between Putin And Zelensky
2 mins
India engaging US to ensure deportees are not mistreated
A US military plane carrying 104 deportees landed on Wednesday in Amritsar
1 min
Zomato to change name to 'Eternal'
Zomato announced on Thursday that it would rename the company \"Eternal Ltd\" more than two years after it began using the new name internally.
1 min
Lotte to Invest $300 mn in India
South Korean multinational Lotte will expand its products beyond ice cream and choco pie as it plans to enter the snack segment riding on the popularity of K-food and K-pop in India, said a top company official on Thursday.
1 min
Trent Q3 profit rises 34% to ₹497 crore
Tata group retail firm Trent Ltd on Thursday reported a 34% increase in consolidated net profit to ₹496.54 crore in the December quarter, helped by the expansion of the store network and increase in attractive value propositions.
1 min
Price hikes helped Britannia's Q3 profit
Biscuit maker Britannia Industries beat third-quarter profit estimates on Thursday, as price hikes helped it counter the impact of a rise in commodity prices.
1 min
Auto retail sales rise 7% in Jan: FADA
Automobile retail sales in India rose 7% year-on-year in January to 2.3 million units, driven by robust demand across segments, dealer's body Federation of Automobile Dealers Associations (FADA) said on Thursday.
1 min
NMDC Q3 profit up 29% to ₹1,897 crore
State-owned NMDC on Thursday reported a 29% rise in consolidated net profit to ₹1,896.66 crore in the October-December quarter of 2024-25, mainly driven by higher income.
1 min
Boeing to deliver 24 planes to India
Boeing expects Indian and South Asian airlines to add 2,835 commercial aircraft by 2043. REUTERS
1 min
HC dismisses Saluja plea on voting stay
(HC) on Thursday dismissed Religare Enterprises Ltd chairperson Rashmi Saluja's appeal seeking a stay on an earlier single-judge bench's order that had denied her request to restrain the company's board from voting on her reappointment as director.
1 min
Rupee plunges to 87.57 against dollar
Traders said Rupee plunged amid weak domestic markets and importer demand for dollars.
1 min
B'desh lodges protest with India over Sheikh Hasina's activities
Bangladesh on Thursday lodged a protest with India's acting envoy saying that \"false and fabricated comments\" by deposed prime minister Sheikh Hasina are a \"hostile act\" against Dhaka, a day after she delivered a virtual address to her supporters from exile in India.
1 min
Why AIFs Need Targeted Regulatory Innovations for Next Phase of Growth
To promote growth, India must adopt a clearer taxation regime for AIFs, similar to MFs
1 min
Selling agricultural land still tax-free, but there's a catch
Not all states allow land to be sold to non-agriculturists, without the approval of local authorities
3 mins
Tax deductions under the new regime: Key points
Exemptions of ₹25 lakh on leave encashment at retirement; ₹20 lakh on gratuity are allowed under new tax regime
1 min
Will the Union Budget Proposals Help Revive the Rural Economy?
It offers benefits to the well-off instead of the farm sector that needed investment to overcome a crisis
3 mins
Iraq's famous 'hunchback' of Mosul rebuilt brick by brick
Residents hope the restoration of historic sites, destroyed during the IS group rule, will bring tourists to the city
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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