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In this issue
May 30, 2023
Sensex tops 63,000 on US debt accord
India reclaims fifth-largest stock market position from France
2 mins
GQG pumps up to $500mn more into Adani group cos
Mumbai: GQG Partners, which invested $1.87 billion in four Adani group companies in the first week of March, has pumped in another $330 million-$530 million into these companies since then, demonstrating the investor’s continued interest in the ports to renewable energy conglomerate.
2 mins
HCL drags Atos to court on copyright infringement
Bengaluru: HCL Technologies Ltd has sued Atos SE in a US court, accusing the French IT services company of copyright infringement on two of the eight products it had bought from International Business Machines Corp. The Noida-based company is seeking $132.4 million in damages from Atos, a copy of its court petition showed.
2 mins
The AI boom runs on chips, but their supply trails demand
The artificial-intelligence revolution is being likened by Google's chief executive to humanity's harnessing of fire. Now if only the industry could secure the digital kindling to fuel it.
4 mins
ONGC plans ₹1 tn investment to cut carbon emissions
Oil and Natural Gas Corp. (ONGC) will spend ₹1 trillion on green initiatives by 2030 to reduce its carbon footprint as part of a broader effort to achieve net-zero emissions by 2038.
2 mins
Atomberg raises $86 mn from Temasek, Steadview, others
Home appliances brand Atomberg Technologies on Monday said it raised $86 million in a Series C funding round led by Singapore state investor Temasek Holdings and India-focused fund Steadview Capital.
1 min
Small airports see footfall rise post pandemic
India's smaller airports are witnessing a dramatic rise in traffic, fuelled by growing regional connectivity and a post-pandemic surge in travel, an analysis of official data showed.
2 mins
Govt scraps sops for 400,000 e-scooters
The ministry of heavy industries has rejected the subsidy claims of manufacturers for over 400,000 e-scooters, saying they flouted localization norms laid down by the government’s FAME-II incentive scheme.
2 mins
Banks Finding Novel Ways To Conceal Stressed Loans: Das
RBI governor warns of complacency setting in amid 'strong and stable' capital buffers
2 mins
Warburg Pincus buys over 90% in Vistaar for $250 mn
Private equity firm Warburg Pincus said it has completed the purchase of more than 90% stake in nonbank lender Vistaar Finance for $250 million.
1 min
Cloud over financials lifting, says Warburg
Investor interest has revived as volatility in global financial markets ebbed
2 mins
Noise in talks to raise $40-50 million
Smartwatch brand Noise is in talks for its first-ever fundraising round, as it competes for the top spot in the fast-growing Indian market.
1 min
Aditya Birla assembles top team for B2B e-commerce
B2B venture will be overseen by the conglomerate's flagship firm Grasim Industries
3 mins
Xiaomi boosts local sourcing in India
Xiaomi Corp. is deepening local sourcing in India, where the Chinese smartphone company seeks to regain market share it lost amid heightened regulatory scrutiny and stiff competition.
1 min
INSIDE THE SILENT RISE OF CREDIT SAISON INDIA
The Japanese-owned firm has become a fintech darling and is slowly turning into a lending powerhouse
7 mins
How Retail Investors Can Buy Government Bond For ₹100
Investment portfolios of high net worth individuals (HNIs) tend to have large allocation to fixed income and debt as they look for stability, but retail investors usually don’t have much debt allocation, said Varun Sridhar, chief executive officer at Paytm Money.
4 mins
Pakistan's big threat crisis poses a to the region
Its political and economic free-fall raises the risk of instability not only within the country but also in its neighbourhood as non-state actors get emboldened and ratchet up activity
2 mins
OECD's Two Pillar tax approach needs rework to gain acceptance
It must shed complexity and reflect true value creation in the source economy so that the Global South isn't disadvantaged
3 mins
We Need To Talk About The Mental Health Of Seniors
As we wrap up Mental Health Awareness Month, we must pay attention to the needs of an underserved population: the elderly
5 mins
Change your diet as you age to stay fitter and happier
The 'how' we live is just as important as the 'how long'. It's about being preventive rather than reactionary
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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