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In this issue
May 29, 2023
Teleperformance, PE firms eye Everise
French digital business services provider Teleperformance SE and private equity firm Blackstone Group Inc. are planning separate bids for Everise Holdings, an IT services business owned by Brookfield Asset Management, two people aware of the transaction said.
2 mins
'Will keep making social issue-based films'
Bollywood star Akshay Kumar, who had a string of flops recently, wants to continue working on social issue-based films that can impact society.
4 mins
IT sector's profit pie drops to 5-year low
The sector is grappling with a global slowdown, banking crisis
2 mins
Temple Of Democracy: Modi Unveils Parliament Complex
Prime Minister Narendra Modi on Sunday hailed the new Parliament building as the temple of democracy that embodies the dreams and aspirations of 1.4 billion Indians.
2 mins
With little time left for admin work, Census unlikely before LS elections
The decadal Census, which was postponed for an indefinite period due to the pandemic, is unlikely to be held before the next Lok Sabha elections that are due in April-May 2024, officials said.
2 mins
Zypp sets sights on 200,000 EVS in 3 yrs; $300 mn for expansion
Startup electric mobility services provider Zypp Electric is targeting to deploy 200,000 electric vehicles in its fleet in the next three years and will need up to $300 million to fund its expansion, chief executive and co-founder Akash Gupta said.
1 min
LIC's valuation offers silver lining
Life Insurance Corp. of India's (LIC) shares have gained just about 2% in the past two trading sessions since its March quarter results were announced. True, the results had its share of positives, but that was not enough to offer the much needed boost to the stock.
2 mins
Gas price plunge brings relief to Europe after energy panic
European gas prices have plunged to the lowest since mid-2021, when Russia was just beginning to squeeze supplies before its invasion of Ukraine, helping to reverse a surge in inflation and bring relief to consumers.
1 min
'Need FTAs with rich nations, tax reforms'
Signing free trade agreements (FTAs) with developed economies such as the EU and simplification of three streams of taxation—direct taxes, GST and customs duty—are essential for India to step up manufacturing and boost growth, said Arvind Virmani, Niti Aayog member and former chief economic adviser in the finance ministry. In an interview, Virmani said an FTA with the EU will let India overcome a tariff disadvantage of about 12% while exporting to the EU. Edited excerpts:
3 mins
Russian drones hit Ukraine before Kyiv Day
Ukraine's capital was subjected to the largest drone attack since the start of Russia's war, local officials said, as Kyiv prepared to mark the anniversary of its founding on Sunday. At least one person was killed.
2 mins
Saudi film industry shines at Cannes
When Johnny Depp made his return to the red carpet last week, premiering a costume drama at the Cannes Film Festival, his film and several others had Saudi money to thank.
1 min
Deal on US debt limit averts default threat
President Biden, Speaker McCarthy seal the deal in a 90-min phone call
2 mins
UPI may account for 90% retail payments
Growing at a steady pace, UPI transactions are likely to reach 1 billion per day by 2026-27, accounting for 90% of the retail digital payments in the country, said a PwC India report.
1 min
Protesting wrestlers detained, police clearing protest site
In what could bring about a forceful end to wrestlers' protest at Jantar Mantar, the Delhi police on Sunday detained Vinesh Phogat, Sakshi Malik and Bajrang Punia for violation of law and order after they breached the security cordon while trying to move towards the new Parliament building for a women's 'Mahapanchayat'.
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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