Mint Mumbai - June 07, 2023
Mint Mumbai - June 07, 2023
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In this issue
June 07, 2023
Adani set to revive Mundra PVC project
Adani Group set to obtain ₹14,000 cr credit line for Mundra Petrochem
3 mins
Byju's default could spark lender action
Edtech unicorn Byju’s skipped paying $40 million interest on a $1.2 billion loan that was due on 5 June, triggering a default that could affect several group entities and prompt lenders to invoke guarantees and initiate insolvency action.
3 mins
Central facility to aid ease of entry and exit for business
Decision-making to move from Registrars of Companies to central facility in next six months
2 mins
Indian Economy May Slow To 6.3%, Global Growth To 2.4%: World Bank
The World Bank on Tuesday lowered its estimate for India's economic growth rate to 6.3% in FY24 citing slowing private consumption, a key growth driver, due to high inflation and rising borrowing costs.
2 mins
Delhi CM okays 24X7 opening for 155 shops, establishments
Chief Minister Arvind Kejriwal has granted approval for round-the-clock operation of 155 shops and commercial establishments across Delhi, a move aimed at boosting the city's night-time economy.
1 min
RBI to curb inflation with liquidity drain
The Reserve Bank of India (RBI) intensified its operations to remove cash from the banking system, showing it wants to keep liquidity tight to rein in inflation.
1 min
Falling cost only bright spot for steel makers
Steel makers saw some respite in the March quarter (Q4FY23) with volumes and domestic prices rising sequentially. Seasonality had a role to play here as Q4 is usually the strongest quarter. Also, the margin performance improved across most companies.
2 mins
Sequoia is Peak XV in India, SEA
India-SEA unit turns independent under global recast
2 mins
India's internet economy may hit $1 tn by 2030, says report
India’s internet economy is projected to grow to $1 trillion by 2030 from $175 billion in 2022, according to a joint report by Google, Temasek and Bain & Company, released Tuesday.
1 min
'Cos must act to check toxic office behaviour'
The suspension of a senior HDFC Bank executive after a video of him berating juniors has sparked a debate on toxic behaviour at workplaces, primarily involving stressful jobs in sales.
2 mins
ChatGPT Maker OpenAI To Stay Private
OpenAI Inc. chief executive Sam Altman said he's not interested in taking the artificial intelligence startup public because he wants to maintain full control over the technology as it becomes more powerful.
1 min
NSE thwarts BSE's volumes bid with expiry day change
Expiry of Bank Nifty derivatives on Friday, after BSE's earlier move on weekly Sensex, Bankex
2 mins
Honda's new SUV aims to Elevate sales by 35%
After restructuring operations, Honda Cars has been profitable for last 2 yrs
2 mins
Tata Consumer to enter new categories
Tata Consumer Products is undergoing a transformation to establish itself as a comprehensive fast-moving consumer goods (FMCG) company, chairman N. Chandrasekaran said at the company’s 60th annual general meeting held on Tuesday.
2 mins
SEC sues Coinbase for running unregistered securities platform
The Securities and Exchange Commission sued cryptocurrency platform Coinbase on Tuesday, charging the company with operating an unregistered securities platform and brokerage service.
1 min
Ukraine dam blast blamed on Russia tips war into new phase
The Kremlin denied responsibility and said Ukraine was behind the blast at the Kakhovska hydroelectric plant
3 mins
Oil erases gains that followed Saudi-led production cut
Oil erased all the gains that followed Saudi Arabia’s surprise weekend pledge for extra supply cuts.
1 min
Will The HDFC Merger Live Up To Its Promise?
Making the mega merger work involves complex moves. Here's the inside story
8 mins
How Bajaj Finserv plans to sell MFs to its 100 mn clients
Bajaj Finserv AMC, India’s 41st mutual fund house, is gearing up to launch inaugural new fund offers (NFOs). With 87 funds filed across equity, debt and hybrid categories, Bajaj Finserv seeks to capitalize on its existing 100 million customers, leveraging its clientele for the new fund house.
3 mins
Earnings of India Inc have not disappointed
Healthy macroeconomic fundamentals have underpinned their growth in the last quarter, but the possibility of El Nino and developed economies slipping into a recession pose risks
2 mins
Do Not Dismiss Apple's Pricey New Headset Too Prematurely
The Vision Pro has turned mixed reality computing interesting
3 mins
An Expenditure Council could help promote fiscal prudence
Such a GST Council-like body can advise states on spending matters to ensure the best possible allocation of scarce resources
4 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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