Mint Mumbai - January 31, 2023
Mint Mumbai - January 31, 2023
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In this issue
January 31, 2023
Ananya, Aryaman inducted into Aditya Birla Fashion board
Ananya Birla, 28, and Aryaman Vikram Birla, 25, children of billionaire Kumar Mangalam Birla, were inducted as directors of Aditya Birla Fashion and Retail Ltd on Monday, marking the entry of the fifth generation of the family in the $60 billion conglomerate.
2 mins
Shares of some Adani group firms continue sharp decline
Investors in group stocks have lost about ₹5.7 tn following the release of the Hindenburg report
3 mins
Airtel may widen base tariff hike
Bharti Airtel Ltd, which has gradually raised entry-level tariffs from ₹99 to ₹155 in 18 out of 22 telecom circles, plans to do the same for the remaining circles as well, an industry executive said.
3 mins
Unilever names Dutch dairy boss Schumacher as CEO
Unilever named Royal FrieslandCampina boss Hein Schumacher as its next chief executive officer, bringing forward Alan Jope's replacement after strategy mishaps frustrated investors including Nelson Peltz.
2 mins
IMF retains India's GDP growth outlook for next fiscal at 6.1%
The International Monetary Fund (IMF) on Tuesday projected India to be the fastest-growing major economy in FY24, retaining the forecast at 6.1% in its latest World Economic Outlook, citing \"resilient\" domestic demand despite a challenging external environment.
3 mins
Govt working to simplify tariff formula for minor airports
The civil aviation ministry and Airports Economic Regulatory T Authority are working to simplify the tariff-setting mechanism for all minor airports in India, two officials said.
1 min
'10% Of Indians Have Faced Food Insecurity'
Around 10% of Indians have experienced food insecurity ranging from mild to moderate and severe categories, a study by the Public Health Foundation of India has found.
1 min
OLX to trim global headcount by 15%; auto unit worst hit
OLX Group, the classifieds unit of South Africa's Naspers-owned internet group Prosus, will fire 15%, or about 1,500 employees, of its global workforce as part of a broader restructuring, two people aware of the development said on condition of anonymity.
1 min
Xiaomi global VP Manu Jain steps down
Xiaomi's global vice president and former head of its Indian operations Manu Jain has announced his departure from the Chinese electronics maker after a nine-year stint.
2 mins
Bitcoin barrels toward historic Jan
Bitcoin is set for its best January since 2013 on bets that monetary tightening and the crypto-sector crisis are both ebbing.
1 min
Oil extends losses as investors eye rate hike
Oil prices extended losses on Monday as interest rates by major central banks and signs of strong Russian exports offset rising Middle East tension over a drone attack in Iran and hopes of higher Chinese demand.
1 min
Adani's Response Ignored Key Questions: Hindenburg
Short-seller says fraud can't be 'obfuscated by nationalism or a bloated response' that ignores allegations
3 mins
SC upholds order to clear Jet staff dues
The Supreme Court on Monday dismissed the plea by the Jalan Kalrock Consortium, the winning bidder for Jet Airways' revival, challenging a National Company Law Appellate Tribunal order which directed them to pay provident fund and gratuity dues to the airline's former employees.
1 min
Sephora, RIL call off retail deal
Sephora and Reliance Retail Ltd have abandoned talks to form a retail partnership for the Indian market with the French multi-brand beauty products chain deciding to continue with its existing alliance with Arvind Fashions Ltd, said two people familiar with the matter.
1 min
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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