Mint Mumbai - February 03, 2023
Mint Mumbai - February 03, 2023
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In this issue
February 03, 2023
'Angel tax ends pref treatment of foreigners'
The return of angel tax is nothing but an attempt to level the playing field for domestic investors that is currently tilted in favour of foreign entities, a top government official said.
2 mins
NCLT halts fresh auction at RCap
The National Company Law Tribunal (NCLT) on Thursday barred lenders of bankrupt Reliance Capital (RCap) from conducting a second auction of its assets, terming it an \"illegal mechanism\" to circumvent rules of India's bankruptcy code.
2 mins
Adani stock rout tops $111 bn in six sessions
Investors continue to flee shares of group firms even as bearish bets mount
3 mins
Bangladesh seeks revision in 25-yr PPA with Adani Power
The Bangladesh Power Development Board (BPDB) has sought revision of its power purchase agreement with Adani Power for import of power from its Godda power plant in Jharkhand, said two people aware of the development.
1 min
Middle earners may continue with old income tax regime
Even as the government makes the new income tax regime attractive in the budget by offering a higher exemption limit and standard deduction, middle earners may actually prefer to stick to the old regime.
2 mins
Framework for REITs, InvITs to issue depository receipts on cards
Sebi on Thursday proposed to allow REITs and InvITs to issue depository receipts to provide foreign investors an opportunity to participate in the units of Indian emerging investment instruments.
1 min
Fed chair says no rate cuts, markets ignore
Federal Reserve Chair Jerome Powell had a clear message on Wednesday: as \"gratifying\" as it is that inflation has begun to slow, the central bank is nowhere near to reversing course or declaring victory.
1 min
Byju's fires 1,500 staff; senior execs also hit
Layoffs part of move to optimize costs, outsource operations
2 mins
RBI seeks details of banks' exposure to Adani Group
The group has denied all the allegations of fraud but failed to convince analysts and investors
2 mins
Dabur net profit down 5.5% as inflation bites
Packaged consumer goods company Dabur India on Thursday reported a 5.5% dip in December quarter profit amid a difficult cost and operating environment.
1 min
ClassAct:HT R-Day quiz creates history
The preliminary round of the ClassAct 2023-The Hindustan Times Republic Day Quiz, on 26 January recorded the participation of an all-time high 21,540 students, up from the 19,625 students for ClassAct 2022, which had propelled the HT School's annual mega quizzing programme into the Asia Book of Records and the India Book of Records for maximum participation for online school quiz.
1 min
Rallying markets suffer from a doveish illusion
The \"money illusion\" ranks among the most lyrical-sounding concepts in economics. It refers to the mistake that people make when they focus on nominal rather than real values.
2 mins
Bank of England hikes interest rate for a tenth time in row
The Bank of England on Thursday hiked its interest rate for a tenth time in a row as global authorities race to combat sky-high inflation.
1 min
SriLankan Airlines lures Indian fliers
In a bid to attract more Indian customers, Sri Lankan Airlines, the state-owned airline entity of Sri Lanka, said it is going to start operations from additional three cities in India including Ahmedabad. At present, it flies out of nine Indian cities.
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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