Mint Mumbai - June 02, 2023
Mint Mumbai - June 02, 2023
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In this issue
June 02, 2023
Govt weighs 3-8% increase in MSP for kharif crops
The central government is weighing a 3-8% increase in the minimum support price (MSP) for key kharif crops in 2023-24, according to two people familiar with the development.
2 mins
FPIs face scrutiny as custodians label Mauritius high risk
Several global custodian banks have classified Mauritius as a ‘high-risk jurisdiction’ for Indian inflows as regulatory scrutiny intensifies in the country. Foreign funds set up through these custodians will face enhanced compliance requirements as a result.
2 mins
Embraer taps Tata, M&M for local mfg
Defence partnership likely by end of year; firm eyes IAF order
2 mins
Be afraid? Why tech pioneers are in a bind about AI
Tech experts led by OpenAI CEO Sam Altman, whose ChatGPT broke the internet are insisting that the very technology they helped nurture should now be heavily controlled, citing pandemics and nuclear war. Is this a case of fear of the future? Mint explores:
2 mins
Manufacturing PMI at 31-mth high on restocking, rising biz
Easing supply chain concerns and commodity prices provided tailwinds to the sector
2 mins
May GST haul swells 12% to ₹1.57 trillion
Central and state governments collected ₹1.57 trillion in Goods and Services Tax (GST) in May, 12% more than what they netted from the indirect tax a year ago, the finance ministry said on Thursday.
2 mins
Google leads $36 mn round in Pixxel in India spacetech bet
With the latest Series B round, Pixxel has raised $68.3 million in total funding so far
3 mins
Setback for Byju's as lenders quit talks to recast $1.2 bn loan
Creditors to Byju's, India's most valuable startup, have pulled out of negotiations with the company to recast a $1.2 billion loan, posing a new setback to the beleaguered tech firm, according to people familiar with the matter.
1 min
Federal Reserve likely to skip interest rate hike at next meet
Leading Federal Reserve officials are sending out stronger signals that they will forego an interest rate increase at the central bank's next meeting in June, though they indicate hikes could resume later this year.
1 min
Capex a saving grace for India's GDP
India’s gross domestic product (GDP) print for the January-March quarter (Q4FY23) and FY23 sprang a positive surprise, despite headwinds.
2 mins
Electric 2-wheeler sales jump as buyers see price hike ahead
The registration of electric two-wheelers soared 57% in May to reach one lakh units for the first time in a single month, as buyers flocked to e-bike showrooms in droves, anticipating a 15-20% price hike starting in June, and making reservations for vehicles at lower prices with a larger FAME-II subsidy.
2 mins
Two-wheeler, PV sales roar on rural demand
Surge led by improved rural incomes, increased wedding season buying
2 mins
India, EU may strike amicable settlement on ICT import duty
WTO panel ruling on ICT tariff dispute spurs talks between India and the European Union
3 mins
House okays debt-limit deal
The bill sailed through in the House with a favourable 314-117 vote, relying on both Republicans and Democrats
5 mins
WHY MINDA HAS ITS EYES ON PRICOL'S DASHBOARD
Can the Coimbatore-based auto components maker preempt a possible takeover attempt?
8 mins
India's GDP data reveals some disquieting details
The headline figure points to healthy growth, but weakness in private consumption and farm growth that isn't validated by other indicators calls for attention of our policymakers
2 mins
The US debt ceiling mess shows why a Fiscal Council is a bad idea
The failure of even the non-partisan Congressional Committee of Budget in preventing the debt cliff-edge has lessons for India
3 mins
The Russia-Ukraine war may become a testing ground for AI
It can give a clear view of just how deep AI's impact on war can be
3 mins
Single-malt whiskies lift spirits of inflation-hit investors
High-end, rare whisky has caught the attention of investors, especially from India and China
3 mins
After 14 years, Dubai revives palm island plans
The project's revival comes amid a rebound in UAE's property market
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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