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In this issue
May 31, 2023
Unstable weather patterns upend cos' best-laid plans
Erratic weather patterns, including unseasonal rainfall, mild winters, and heat waves, are disrupting the business operations of major consumer goods firms.
3 mins
Softening Prices Will Support Growth: RBI
India must sustain structural reforms to boost growth potential
3 mins
Imports of coking coal from Russia may double
After crude oil, the import of yet another key Russian resource is set to flood the Indian market in the years ahead: coking coal.
2 mins
India, Suriname to curb illegal migration
Suriname is home to a large Indian diaspora, which has helped build closer cultural and people to people ties between the two countries.
2 mins
US to help India with chips' standards, manufacturing
The move is part of the Indo-Pacific Economic Framework (IPEF) agreement on supply chain, aimed at cutting reliance on China and fixing supply chain gaps.
2 mins
Govt to buy 500,000 tonnes masur at market rate to boost buffer stock
The government is trying to shift consumption of some pulses like tur to masur and chana amid lower production of tur
2 mins
DCGI orders stringent cough syrup tests
The standard operating procedures issued by the Drugs Controller General of India (DCGI) aim to improve the process of testing cough syrups at government laboratories.
2 mins
P-notes investment at 4-month high in Apr
Of the total ₹95,911 crore invested through P-notes till April this year, ₹86,226 crore was invested in equities, ₹9,586 crore in debt and ₹100 crore in hybrid securities.
1 min
City Union Bank: End of a tough year, and beginning of another
While there has been a sequential improvement in Q4 in asset quality, aided by better recoveries, analysts point that this parameter is still at an elevated level.
2 mins
BHEL's profit hinges on execution
In its earnings call, the management noted that the demand for coal-based thermal power plants gained traction after a gap of three years in FY23.
2 mins
Caspian Equity fund leads $2 mn round in Balwaan Krishi
Agritech startup Balwaan Krishi has raised $2 million (around ₹16.5 crore) as a part of its pre-Series A round led by Caspian Equity's agriculture-focused fund Caspian Leap for Agriculture Fund.
1 min
IBBI steps up heat on debt resolution professionals
IBBI had in 2022 permitted firms to take up the mandate of administering businesses going through the bankruptcy process in place of individual professionals, given that an organization will have more internal controls and governance systems.
2 mins
Strong forex gains propel RBI's FY23 income to ₹2.35 tn
The forex gains were on record currency sales of $213 billion, more than twice what the central bank sold in fiscal 2022.
1 min
Digital Re pilot to be expanded to other banks, locations
The retail e-Rupee has been launched in denominations of 50 paise, 1, 2, 5, 10, 20, 50, 100, 200, 500 and 2000, while wholesale e-Rupee does not envisage any denomination, the annual report said.
1 min
BlackRock cuts Byju's valuation for 2nd time
BlackRock has marked down the value of its stake in Indian edtech start-up Byju's by 26% in Q1 2022 and by 62% YoY, reducing the firm's estimated valuation to less than $8.4bn. Byju's, currently seeking fresh capital to repay loans, was valued at $22bn in 2021
2 mins
'Petty politics' delaying rollout of key govt policies, says Goyal
Govt could have achieved much more in welfare with swift implementation, says minister
3 mins
We put ₹1.75 trillion into a/cs of people in Chhattisgarh: Baghel
These policies stimulated consumption and economic activity in the state, Baghel said. The annual income in Chhattisgarh has increased to ₹133,000 per year from ₹96,000 in 2018, he said.
3 mins
Sebi sets rules for investor funds
Sebi has came out with exhaustive guidelines for Investor Protection Fund (IPF) and Investor Services Fund (ISF) maintained by stock exchanges and depositories.
1 min
Nvidia turns $1 tn firm as investors bet on AI
Shares have soared since co's sales forecast shattered Wall Street estimates
2 mins
IS YOUR CHILD TRAPPED IN A DIGITAL ABYSS?
Outsmarting parents, children are exploring a dark space online. The risks are perilous Younger kids with a device of their own, connected to the internet, are at risk of digital addiction. In extreme cases, kids can cause self-harm and display psychotic behaviour.
9 mins
Nest egg: How NRIs save to fly back for the sunset years
The financial benefits for non-resident Indians become apparent when they earn in foreign currencies and convert them to Indian rupees to invest and save, leading to significant growth in rupee terms.
4 mins
The world needn't suffer due to US brinkmanship
It is a relief that America’s debt ceiling impasse seems broken, but there is no reason for the world to be pushed to the edge, and perhaps it is time to think of ways of mitigating its risks
2 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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