Mint Mumbai - February 01, 2023
Mint Mumbai - February 01, 2023
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In this issue
February 01, 2023
Economic Survey sees FY24 GDP growth slowing to 6.5%
Despite slowing growth, India will still be the fastest-growing major economy
4 mins
Footfalls for Hindi films slump up to 50%
Yash Raj Film's Pathaan has offered a glimmer of hope for the beleaguered Hindi film industry, but cinema attendance in Hindi-speaking markets has plummeted by nearly half post-covid.
2 mins
'Fiscal discipline translates to stimulus'
The fiscal discipline followed by the government lowers the cost of capital for all sections of society, freeing up resources for a future stimulus, according to the Economic Survey 2022-23 tabled in Parliament by finance minister Nirmala Sitharaman.
2 mins
Interest-free loans to states may continue in capex drive
Capex-led growth strategy will ensure sustainable debt levels in the medium term, says Survey
2 mins
India on track to meet SDG target as over 400 million exit poverty
Over 400 million Indians escaped poverty between 2005-06 and 2019-2021, according to the Economic Survey 2022-23, tabled in Parliament on Tuesday.
2 mins
ICICI Venture likely to exit Anthea in majority stake sale
Specialty chemicals firm Anthea Aromatics Pvt. Ltd has begun talks to sell a majority stake in the company to strategic investors, two people aware of the matter said.
1 min
Firms look to ChatGPT for new tech solutions
Potential use cases include marketing, support issues, troubleshooting
2 mins
Orders brighten the day for L&T
Larsen & Toubro Ltd's (L&T) profitability for the quarter ending December (Q3FY23) wasn't exciting enough. Consolidated Ebitda stood at ₹5,073 crore, missing Street's estimates. One factor that weighed on operating profit was the higher staff costs for the information technology services business.
2 mins
Westlife Foodworld's December qtr is expectedly appetizing
Westlife Foodworld Ltd kept the ball rolling in the December quarter (Q3FY23), but that was pretty much expected. It clocked the highest-ever quarterly revenue of ₹611.5 crore.
1 min
'Exports to slow, need to enter new markets'
Despite 25 yrs of diversification, 40% of exports go to 7 countries: Survey
2 mins
Hero Moto rolls out Xoom to take on scooter market rivals
Amid dwindling entry-level motorcycle sales and a declining market share for scooters, Hero MotoCorp is expanding its portfolio to take on rivals Honda, TVS and Suzuki in the 110cc segment, comprising nearly 60% of the scooter market.
2 mins
Opec+ cautious over China rebound, Russia sanctions
After a volatile month, international oil prices are fluctuating near $85 a barrel in London
2 mins
Big stakeholders of Indira IVF may exit
A group of Indira IVF's largest shareholders are considering selling their holdings of the Indian in-vitro fertilization clinic operator in a deal that could value the company at about $1 billion, according to people familiar with the matter.
1 min
IISER unravels genetic makeup of 4 native Indian cow breeds
Scientists at the Bhopal chapter of the Indian Institute of Science Education and Research (IISER) have unravelled for the first time the genetic makeup of native Indian cow breeds such as Kasargod Dwarf, Kasargod Kapila, Vechur, and Ongole, IISER said on Tuesday.
1 min
Sun Pharma Q3 profit up by 5.2%
Sun Pharmaceutical Industries Ltd, India's SE largest drugmaker by revenue, reported a better-than-expected 5.2% rise in third-quarter profit on Tuesday, driven by higher sales of its specialty drugs.
1 min
Wilmar to stand by venture with Adani
Food giant Wilmar International Ltd. will continue to support its joint venture with Adani Group, saying a report from short-seller Hindenburg Research had not raised any issues specific to the unit.
1 min
Pronunciation guide for 800 Indian words
Pronunciation transcriptions and audio for more than 800 entries associated with Indian English, including words like 'desh' (country) and 'bindaas' (bold), are now available in the Oxford English Dictionary (OED).
1 min
An economic overview that scores on cogency
V. Anantha Nageswaran's first survey since he took over as CEA is refreshingly to-the-point and makes a few valuable arguments to take debates on key economic challenges forward
2 mins
Toyota needs its new chief to tell an electrifying brand story
The CEO of the world's biggest car company is stepping aside, after chain crises brought on by natural disasters and a pandemic over his more than decadelong reign.
3 mins
Why are Indian batsmen failing against spin bowling?
Indian cricket has many problems, but struggling with spin bowling is something worryingly new and needs sorting
4 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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