Mint Mumbai - February 21, 2024
Mint Mumbai - February 21, 2024
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February 21, 2024
Hindalco's US unit Novelis to go public
It is not clear what Hindalco plans to do with the IPO proceeds and if it will choose to give out some of it as dividends
2 mins
Svatantra to raise ₹2K cr pvt equity
As per data from Crisil, Svantantra reported a total income of ₹1,396 crore and profit after tax of ₹130 crore in FY23
2 mins
The onion peel that promises a sugar high
The government is putting its money where its sweet tooth is, the zero-sugar way. The consumer affairs ministry is working on a plan to bring to the market sweetener extracted from onion waste, two persons aware of the matter said. It will do this in partnership with a startup that won a government-run contest.
2 mins
Scrapping old vehicles could fetch extra sops
Sweetened scrapping policy may be rolled out after general election
3 mins
Road ministry scheme to end contractual disputes
Disputes involving the Centre and its undertakings are blocking investments in road sector
2 mins
Keen on FTA with India: New Zealand envoy
New Zealand is keen to conclude a free trade agreement (FTA) with India, the country's high commissioner said as he sought to dispel the notion that such a deal will be skewed towards New Zealand.
1 min
India's LNG terminal plans in Iraq face visa, security hurdles
Plans to set up a liquified natural gas terminal in Iraq are yet to take off, as Iraq is yet to issue visas to officials from Indian oil and gas and EPC (engineering, procurement and construction) companies amid persistent security concerns in the country.
1 min
Jungle Ventures doubles down on F&B
Singapore-based venture capital firm Jungle Ventures, known for backing unicorns like Moglix and Livspace, has doubled down on its initial investment in the food and beverage sector, injecting $20 million (₹166 crore) into homegrown ice cream maker Walko Food Co. Pvt. Ltd.
1 min
Microgravity eyes $4 mn for expansion, 10 new stores in 2 yrs
The company is planning to set up virtual reality gaming arenas at IT-enabled services and BPO firms
2 mins
Innoviti in talks to raise pre-IPO funding
Fintech company Innoviti Technologies Pvt. Ltd is planning to raise a pre-initial public offering (IPO) funding round from new and existing investors, at least two people in the know said.
1 min
Stellaris adds gen-AI, sustainability themes
The firm expects significant rise in deal activity over the next year
2 mins
Private sector firms must help push up capex: RBI bulletin
Reserve Bank of India officials have exhorted private companies to lead the way in expanding capital expenditure, a space dominated by the government.
1 min
Volume growth to be in focus for Coal India
Coal India Ltd's (CIL) realization from coal sold through the e-auction route picked up sequentially in the three months ended December (Q3FY24), after falling for four straight quarters.
2 mins
Stock Markets Keep Bull Run On For Day 6
Benchmark Sensex spurted by 349 points while Nifty scaled a fresh lifetime high on the sixth straight day of gains on February 20, driven by buying in banking and select FMCG shares.
1 min
Ireda planning arm to finance rooftop solar, electric vehicles
State-run Indian Renewable Energy Development Agency Ltd (Ireda) is planning to set up a subsidiary to finance business to consumer or retail segments including rooftop solar installations and electric vehicles (EV).
1 min
Proof needed Greenwashing: for claims, say draft norms
All green claims made by a person or an organization must be supported by verifiable evidence, according to new draft guidelines released on Tuesday for preventing greenwashing.
1 min
EIH told to hand Wildflower over Hall to HP govt
The legal battle between EIH and the HP govt over the heritage property in Shimla began 20 years ago
1 min
Hotel Margins To Sustain Amid Rising Costs In FY25: ICRA
Icra anticipates a slowdown in revenue growth to 7-9% in FY25, following a strong 14-16% growth in FY24
1 min
Laptop, tablet shipments fall
Shipments of laptops, desktops and tablets declined in India in 2023, hurt mainly by slow commercial deals from companies and lack of government contracts.
1 min
JSW Group eyes multiple global auto OEM alliances
The discussions could culminate in a three-way deal or two separate joint ventures
3 mins
Pocket FM to invest $40 mn in Pocket Novel, expand reading library
Audio series platform Pocket FM will invest $40 million in its online reading service Pocket Novel to enhance the latter's presence in the literary landscape and develop intellectual properties over the next year, said Rohan Nayak, co-founder and CEO, Pocket Novel.
2 mins
Bigbasket quickens slotted deliveries to within 2 hours
One-hour delivery likely to be introduced in a few months, says company CEO Hari Menon
2 mins
Creative professionals bullish on OpenAI Sora amid IP woes
Sora is not the absolute first of its kind, and faces competition from the likes of Runway, and Synthesia
2 mins
'India's AI market to reach $17 bn by 2027'
Growth will be fuelled by higher enterprise tech spending, AI talent base
2 mins
Data Show Economy Is Booming. Wall Street Thinks Otherwise
Recent CPI and producer-price index reports both pointed to an unexpected increase in price pressures in Jan
4 mins
Megaprojects in the desert sap Saudi Arabia's cash
Saudi's sovereign-wealth fund last month said its cash levels as of September had fallen by nearly 3/4th
5 mins
Farmers resume 'Delhi Chalo', Munda urges peace
Farmers reject Centre's proposal to buy pulses, maize and cotton crops at MSP
1 min
Can Dara Fix Uber's Rickety Ride In India?
The CEO of Uber has big plans for India. But competition and tighter regulations may spoil the pitch
10+ mins
India Inc must get more competitive on growth
A McKinsey study spotlights the growth imperative: businesses must compete on this score within their industry, not just aim to outpace GDP. It's what competitive markets demand
2 mins
We need to forge our own paths for a sensible energy transition
Developing countries taking climate action should watch out for the costs that a rushed transition to renewables may impose
5 mins
Mint Mumbai Newspaper Description:
Editor: HT Digital Streams Ltd.
Categoría: Newspaper
Idioma: English
Frecuencia: 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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