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In this issue
May 22, 2023
Firms rein in price hikes as costs cool
High costs of everyday goods have taken a toll on demand
2 mins
ID proof not must for 2,000 note exchange at banks
Banks will not demand any identity proof for the exchange of $2,000 banknotes, and there is no cap on the number of times one could get this done in a day, an official familiar with the procedure banks will follow said.
2 mins
Virat bonds with fans via generative Al
In the last 10 days, Virat Kohli purportedly sent more than 60,000 personalized birthday wishes to his fans.
2 mins
Jewellers accept 2k notes with some riders
Gireesh Chandra Prasad
2 mins
DoT worries over Vi's funds delay
Vodafone Idea Ltd's delay in securing a critical funds infusion of V ₹5,000-7,000 crore from its promoters following a government-sanctioned equity conversion has sparked concern among top officials in the telecom department.
2 mins
Bakhmut is not occupied by Russia: Zelensky
Ukrainian president Volodymyr Zelensky said on Sunday that Russian forces weren't occupying Bakhmut, casting doubt on Moscow's insistence that the eastern Ukrainian city had fallen.
1 min
Govt cuts subsidy on electric 2-wheelers
NEW DELHI : The government has cut the subsidy on electric two-wheelers in an effort to overhaul the financial incentives given to this growing industry.
2 mins
Hydropower mega-merger proposal likely next month
NHPC preparing proposal to merge THDC, Neepco; combined market cap around ₹70,000 cr
2 mins
Hunt for fake GST regn may turn heat on minnows of e-commerce
NEW DELHI : Small businesses that sell goods through e-commerce platforms fear a recently launched drive against fake Goods and Services Tax (GST) registrations could hit them hard because many of them run operations through co-working spaces or shared warehouses—practices that may pose a hurdle during verification.
1 min
Bleak week for funding as big deals go missing
The week witnessed an almost equal mix of mid-sized and small deals
2 mins
Sebi floats steps to cool volatility in F&O
Mumbai: Market regulator Sebi has proposed drastic changes to price band formulation for stocks traded on the derivatives segments of the National Stock Exchange (NSE) and BSE to strengthen volatility management and minimise information asymmetry among market participants.
2 mins
Market regulator pushes for anti-avoidance provisions
Mumbai: Markets regulator Securities and Exchange Board of India (Sebi) is pitching for anti-avoidance provisions which will enable the regulator to go after corporates devising innovative arrangements to avoid compliance with the share market rules.
2 mins
After PI Industries' tepid Q4, focus on pharma biz contribution
Chennai: PI Industries Ltd’s financial performance for the three months ending March (Q4FY23) was a bit dull with the results missing estimates.
1 min
IndiGo flies high as rivals gather
Bengaluru: InterGlobe Aviation Ltd finds itself in a sweet spot. The company runs the IndiGo airline, India’s largest by market share.
2 mins
Gift City sops tempt banks to shift foreign ops back home
The global financial centre offers cost-effective services amid banks closing foreign branches
2 mins
Candidates covet job stability amid layoffs
Funding winter makes startup jobseekers wary of fast growth alone
2 mins
Shield telcos from liability even if AI blocks messages: Vi
NEW DELHI : Telecom service providers should be shielded from any liability even if legitimate communication is inadvertently blocked by artificial intelligence or machine translation (AI-ML) systems, which were designed to block unsolicited calls and messages considering that the Telecom Regulatory Authority of India (Trai) had mandated telcos to deploy such technologies to curb spamming, Mathan Babu, Vodafone Idea’s chief information security officer and data privacy officer said in an interview.
2 mins
TCS hike in tour packages sparks concern among cos
The imminent fourfold increase in the Tax Collected at Source (TCS) on tour packages has triggered widespread apprehension among Indian travel agencies and industry groups.
1 min
US-China ties set to improve very shortly, says Biden
U S President Joe Biden said he expected ties with China to improve \"very shortly\" after a spat over an alleged spy balloon earlier this year derailed relations.
1 min
G7 ends with Ukraine getting much of focus
US President Joe Biden promised $375 mn more of military aid to Ukraine
1 min
Account aggregators see greater adoption by investment industry
To be sure, the AA network aims to empower millions of consumers with greater access and control over their financial records and expand the potential pool of customers for lenders and fintech companies.
4 mins
The 1.5° danger mark is glaring at the globe now
A global heat record may be set by at least one year from 2023 to 2027, with the 1.5° Celsius red line likelier to be breached than not. We need not despair if we speed up climate action
3 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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