Mint Mumbai - June 05, 2023
Mint Mumbai - June 05, 2023
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In this issue
June 05, 2023
PLASTIC ADDICTION IS CHOKING US
All the plastic that we use creates waste that never really breaks down. The plastic crisis needs our immediate intervention, and its resolution will require significant changes to the economy and environment. This World Environment Day, let's take a pledge to protect and act responsibly for our planet's needs
1 min
HOW PLASTIC ENTERS FOOD CHAIN
One of the most enduring effects of the modern way of life is plastic pollution, which is now so pervasive that it is even contaminating the food we grow
2 mins
Indians Pick UPI Over Debit Cards For Ease Of Use, Zero Fees
With homegrown instant payment system Unified Payments Interface, or UPI, emerging as the most preferred payment method, consumers are not too keen to use debit cards, latest official data showed.
2 mins
Govt plans €15k cr push for batteries
Grid-scale batteries stabilize grids with stored renewable energy
3 mins
'Sectors linked to infra poised for new investments'
Confederation of Indian Industry (CII) president and TVS Supply Chain Solutions managing director R. Dinesh forecasts a promising investment outlook for infrastructure-related sectors such as cement, steel, and electrical machinery.
4 mins
India may bring back CVD on steel to check flood of imports
India may impose a countervailing duty (CVD) on stainless steel imports to deter the flood of cheap imports and protect local manufacturers, a steel ministry official said.
2 mins
RBI may continue pause on rate hike
The Reserve Bank of India's (RBI) monetary policy committee (MPC) is likely to keep the repo rate unchanged at 6.5% in the policy meeting scheduled between 6 and 8 June.
1 min
India to join global scheme to improve quality of drugs
Scheme will help MSMEs to adopt global manufacturing standards and give market access
2 mins
US may transfer military tech to India
U S Defence Secretary Lloyd Austin arrived in India on Sunday on a two-day visit to explore ways to further strengthen bilateral defence cooperation, especially in areas of transfer of critical technologies for co-development of military hardware.
2 mins
Manipur govt urges Centre to lower prices of PDS rice amid tensions
The state government of Manipur has requested the Union government to lower rice prices to ₹3,200 a quintal from ₹3,400 amid tension in the state, three government officials aware of the matter said.
2 mins
PE/VC deal value hits $851 mn
The total value of private equity and venture capiT tal deals in India surged nearly fourfold last week from the previous five-day period helped by a couple of large investments by PE firms and several mid- to small-sized transactions.
1 min
IFC plans $500 mn long-term financing for smart meter cos
Smart metering is expected to cut commercial losses for power discoms to 12-15% by 2024-25
2 mins
Lemon Tree can ride high on expansion amid improved demand
The recovery of corporate travel and an uptick in leisure travel demand over the past one year has held hotel companies, including Lemon Tree Hotels in good stead.
1 min
Two-wheelers kick into high gear
Two-wheeler auto companies are finally having their moment in the sun, show the wholesale volumes in May.
2 mins
Coders feud over whether to crush memecoin frenzy
The coders who maintain Bitcoin's blockchain are clashing over whether to stamp out the meme tokens swarming the network.
1 min
'Premiumization now drives growth at HUL's home care'
Division's revenue contribution to HUL up from 32.3% in FY16 to 36% or ₹21,230 cr in FY23
3 mins
'India's green energy sector to attract $800 bn investment'
Investment in the Indian green energy sector could reach as much as $800 billion over the next decade, said Debasish Purohit, co-head of investment banking for Bank of America in India.
2 mins
Falling costs power Q4 earnings after two quarters of weakness
Banks and financial services firms continue to remain key earnings drivers like in the previous two quarters
2 mins
Railway board recommends CBI probe into Odisha crash
Railways is currently focusing on restoration of services on both lines on the route
2 mins
Asia Fears US-China Tensions
Defence chiefs of both the countries met at a forum in Singapore. The forum ended with few signs of optimism
2 mins
Can I Claim HRA For Rent That Parents Pay?
I am currently working from home remotely. I am living with my parents, and they also live on rent. Can I claim HRA exemption if I send rent to my parents' account monthly? Though my parents don't have any rent agreement because we stay in a small city where rent agreements are not common. Is there any way I can claim HRA by making any documents through notary?
2 mins
Why Alternative Investment Funds Are Betting On Performing Credit
Mutual funds have cut credit exposure after the Franklin Templeton crisis; banks and NBFCs have less flexibility
5 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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