Mint Mumbai - January 26, 2023
Mint Mumbai - January 26, 2023
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In this issue
January 26, 2023
'PhonePe investors paid ₹8,000 cr tax'
PhonePe's investors had to pay a very high price to relocate to India, chief executive Sameer Nigam said, adding the digital payments firm's decision to shift from Singapore has cost its investors a \"shocking\" ₹8,000 crore in capital gains taxes.
2 mins
EV battery rules likely next month
The government is likely to announce next month crucial battery safety and performance standards that are expected to play a key role in promoting electric vehicle adoption and reducing pollution, two senior government officials familiar with the development said.
2 mins
US short seller's fraud claim batters Adani Group shares
Hindenburg Research releases lengthy report alleging fraud by the conglomerate
4 mins
Just 1 of 10 F&O traders made profit in FY22
Millions of investors have ventured into India's derivatives market in recent years, but just one out of 10 of them made any profit from the expedition, a new report showed.
1 min
India to set up expert teams to deal with health emergencies
The government is setting up 100 teams that will respond to health emergencies, including pandemics, along the lines of the National Disaster Management Authority (NDMA).
1 min
Israel is India's top petro-product buyer
Israel has emerged as top buyer of Indian petroleum products, with more than $1 billion worth of purchases in December, followed by the UAE, US and Togo. This comes as Russia continues to be the top source of crude oil for New Delhi as per official data.
2 mins
Colgate needs to brush up on growth after another dull quarter
Colgate-Palmolive (India) Ltd, which is present in the oral care category, has been unable to revive its revenue and sales volume growth for a while now. This trend has continued in the December quarter (Q3FY23) as well even as expectations were measured.
1 min
Markets down over 1%, awaiting cues from budget, US Fed
The Indian markets saw significant volatility on the derivatives expiry day on Wednesday as weak global cues also influenced. The session ended with deep cuts as short seller Hindenburg raised concerns over the Adani group's debt position.
1 min
BharOS ready for launch; govt, private firms do a reality check
Both government organizations as well as private sector enterprises, that require stringent privacy and security infrastructure are in talks with IIT-Madras-incubated JandK Operations Pvt. Ltd, which developed India's first indigenous mobile phone operating system, BharOS.
2 mins
Bajaj aims for aggressive e-2W growth
Pune-based two-wheeler maker Bajaj Auto is set to expand its e-scooter brand Chetak with a number of new launches across price segments and user groups, as supply chains streamline and its research and development efforts on lowering the cost of its products bear fruit, a senior executive said on Wednesday after the company reported its December quarter results.
2 mins
Two co-founders of ShareChat step down
Ahsan, Pratap will remain on the board of ShareChat owner Mohalla Tech
2 mins
Tata Motors turns in a profit for the first time in two years
The carmaker has also put in draw-down request for tranche-II of funding from TPG Rise
3 mins
ITC sets its eyes on delicious millet recipes for masses
Hotels-to-packaged goods conglomerate ITC Ltd on Wednesday said it will focus on ensuring that millets, such as jowar, bajra and ragi, become more mainstream across its agriculture, packaged food and hotels businesses.
1 min
How the economy could avoid recession
Last year markets had a terrible time. So far 2023 looks different. Many indices, including the Euro Stoxx 600, Hong Kong's Hang Seng and a broad measure of emerging-market share prices, have seen their best start to the year in decades.
4 mins
Germany clears way for scores of tanks for Ukraine
Germany cleared the way on Wednesday for Europe to send scores of battle tanks to Ukraine, and Washington was poised make a similar announcement moves hailed by Kyiv as a potential turning point in the war and condemned by Moscow as escalation.
1 min
Murdoch ditches News Corp., Fox merger after objections
Rupert Murdoch said he was abandoning plans to explore a merger of Fox Corp. and News Corp., two media companies he controls, after investors pushed back on the deal.
1 min
What HNIs must know before opting for a private debit card
Ever heard of private debit cards? Well, these are different from the regular debit cards issued by banks to the ordinary customer.
2 mins
Will Radhika Gupta's second big idea disrupt debt MFs?
Edelweiss MF is launching open ended index fund for investors to park money for 1-3 years
2 mins
The republic's strength is a steady Constitution
We the people abide by a living document' that's open to change as society evolves. Yet, its basic structure must constrain legislative and executive authority in India's larger interests
2 mins
America's frantic EV ambitions seem to entail 'blood batteries'
Its cobalt search has spelt double standards on the abuse of labour
3 mins
India could go from aspirational to inspirational within 25 years
We need hyperlocal collaborations among stakeholders so that attitudes change for the sustainable development of Bharat
4 mins
Five takeaways from the Oscar nominations
This year's nominations are slanted in favour of crowd-pleasing films
2 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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