Mint Mumbai - June 01, 2023
Mint Mumbai - June 01, 2023
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In this issue
June 01, 2023
Sebi moves to deter promoters from misusing FPI route
The Securities and Exchange Board of India (Sebi) has proposed that foreign portfolio investors (FPIs) with investments concentrated in a single stock or stocks of a business group should provide granular information on beneficial ownership to custodians.
3 mins
Beating estimates, India's GDP expands 7.2% in FY23
Economy grows 6.1% in March qtr, accelerating from 4.5% in preceding 3 months
2 mins
US manufacturers look beyond China
US manufacturers seek China alternatives as tensions soar
4 mins
India reopens bids for $10-bn chip plan
India invites fresh bids for $10 billion chip-making plan
2 mins
APSEZ's auditor flags three deals
This is one of the first times when a leading audit firm has raised flags on the financial dealings of an Adani Group firm.
1 min
Govt clears ₹1 tn plan to let co-ops build grain storage
Move to reduce burden on FCI, cut wastage of farm produce and help farmers plan sales
2 mins
Premium rates for PM-JAY to rise for first time since '18
The National Health Authority (NHA) is planning to revise the premium for the world largest health assurance scheme, the Pradhan Mantri Jan Arogya Yojana (AB PM-JAY).
1 min
Govt to sell up to 3% stake in Coal India via OFS
The Central government is planning to sell up to 3% stake in Coal India Ltd through an offer for sale (OFS).
1 min
Govt meets fiscal deficit target for FY23
Economists noted that the government had earned more in both tax and non-tax revenue
2 mins
Nearly 55% of farm land getting irrigation: NITI Aayog's Chand
In Madhya Pradesh, under PMKSY-AIBP, 21 prioritized irrigation projects have been identified; out of which 17 projects have been completed, raising the state’s irrigation area by 16%.
1 min
ICG backs Amp Energy with $50 mn in APAC infra debut
ICG has also acquired an option to invest an additional $50 million in Amp Energy, the company said.
1 min
Firm refining prospects add to confidence on OMC outlook
The reported refining margins for oil marketing companies are expected to have got a further boost from rising contributions of lower priced Russian oil.
1 min
Oil sinks below $70 as physical market signals ample supplies
Oil fell below $70 as the physical market for crude signalled that supplies are more than adequate to meet the tepid demand.
1 min
Bitcoin Faces First Monthly Drop Of '23
The crypto rebound is losing steam, leaving Bitcoin on course for its worst month since the FTX exchange collapsed in November last year.
1 min
Rule on rumour verification adds to compliance burden
Premature release of confidential info may have counter-productive effects, say experts
2 mins
'Amazon's focus is on building long-term customer trust'
In June, Amazon completes a decade since its launch in India, which along with Walmart-owned Flipkart (that launched in 2007), grew to become two of the biggest e-commerce marketplaces in the country.
2 mins
First chip plant should be a success: Chowdhry
Govt panel is examining the fine print of all 3 proposals to build the plant
2 mins
Greaves diversifies business as e-mobility drives revenue
Greaves' electric scooter brand Ampere clocked operating profit of 75 lakh in March quarter
3 mins
HCs shouldn't hear insolvency cases, argues Go First RP
High courts should not entertain insolvency-related petitions, the resolution professional of Go First argued before the Delhi High court on Wednesday.
1 min
Streaming platforms stare at flatlining subscription growth
The current year is likely to see many subscribers shift from Disney + Hotstar to JioCinema thanks to IPL
2 mins
Insurgent brands see $4.7 bn inflows from 2018 to 2022
New, emerging brands across food and beverages, apparel, and beauty and personal care attracted over 75% of $4.7 billion in private equity and venture capital funds from 2018 to 2022 driven by an uptick in urban demand for such brands, according to a report by Bain & Co. and DSG Consumer Partners.
1 min
Zepto elevates execs, plans to list in 2-3 yrs
Online grocery company Zepto on Wednesday elevated several key executives, ahead of a planned stock market listing over the next two-to-three years.
2 mins
Jamie Dimon hints at life after JPMorgan
JPMorgan Chase & Co. Chief Executive Officer Jamie Dimon said running for public office has crossed his mind amid speculation on his long-term future beyond helming the financial services giant.
1 min
Sebi's Buch on finfluencer regulation: 'Something is cooking'
Securities and Exchange Board of India chairperson Madhabi Puri Buch hinted that discussions were on to implement guidelines regulating financial influencers, who have significant following across social networks.
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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