Mint Mumbai - February 22, 2024
Mint Mumbai - February 22, 2024
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In this issue
February 22, 2024
Politics takes a fancy to digital influencers
When PM Modi completed nine years in office, the BJP gathered around 500 social media influencers for a celebration
3 mins
'Willing to bear any fert subsidy cost'
Union chemicals and fertilizer minister Mansukh Mandaviya on Wednesday said the Centre is willing to spend whatever is required on fertilizer subsidy to protect farmers' interests. This comes at a time when thousands of farmers from Punjab are marching towards the national capital to press the government to accept their demands, including a legal guarantee on the minimum support price (MSP) for 23 crops.
2 mins
My11Circle is IPL official partner
Fantasy gaming app My11Circle on Wednesday won the race to be an official partner of the Indian Premier League (IPL), bidding ₹125 crore per year for a period of five years.
2 mins
Pay Hikes May Dip A Bit, But Top Talent To Shine
Cooling inflation to make 9.5% average hike more attractive than before
3 mins
iBus to get $200 mn from NIIF
Once concluded, this will be the Master Fund's second investment in digital infrastructure
1 min
Asthma drug sales spike in Jan
Other leading sales at pharmacies were for cardiac drugs, anti-infection and gastrointestinal medicines
1 min
Relief for biz as bankruptcy cases by vendors decline
Bankruptcy cases initiated by operational creditors drop; those by financial creditors rise
2 mins
CCI rolls out new regime to nudge cartel members to come clean
The govt introduced the regime, as cartels are among the worst forms of anti-competitive practices
2 mins
RIL-backed AI service in Mar
The model will work in 11 local languages in four fields: healthcare, governance, financial services and education
2 mins
UiPath's Dines eyes next leap in AI: Human-like reasoning
Generative artificial intelligence (GenAI) models can increase business productivity manifold, but the world will need a bigger breakthrough for these models to develop human-like reasoning capability, UiPath co-founder Daniel Dines, who stepped down as co-chief executive to take over as chief innovation officer (CIO) of the enterprise automation software company, said in an interview on his visit to Bengaluru for the inauguration of its first office outside Romania. Daniel also shared his views on how robotic process automation (RPA) is used with GenAI to enhance customer experience. Edited excerpts:
3 mins
World Bank, Others Issue Rupee Bonds
The World Bank's lending arm and other global institutions have issued $1.4 billion worth of offshore rupee-denominated bonds so far this year to meet strong demand spurred by India's inclusion in JP Morgan's widely tracked emerging market debt index, two banking sources said.
1 min
Two-wheeler cos go on a joy ride
The automobile industry played a pivotal role in boosting overall corporate earnings growth during the December quarter (Q3FY24), with most automakers experiencing a year-on-year increase in sales volumes last quarter, positively impacting their revenue performance.
2 mins
Amazon is joining the Dow Jones Industrial Average
Amazon.com is officially joining the blue chips. The online retail powerhouse will be included in the venerable Dow Jones Industrial Average at the start of trading Monday, replacing Walgreens Boots Alliance.
2 mins
ATR Sounds Warning: Aircraft Deliveries To Remain Slow
The French firm expects its aircraft deliveries to return to pre-covid levels by 2027-2028
2 mins
Rentomojo secures ₹210 crore funding led by Edelweiss
The latest round of funding will help the company strengthen its balance sheet and expand its business
1 min
Indian advertisers to adopt new consumer classification system
The Market Research Society of India (MRSI) has announced the T implementation of its latest socio-economic classification (SEC) system. Called ISEC, the new system is in line with the changing contours of the Indian household, which is more educated and has greater female participation in the workforce, the MRSI said on Wednesday.
1 min
Fast-Food Chains Bet On Offers To Boost Dine-In
High inflation and greater competition have hurt in-store sales
2 mins
Indian Banks' Rush For Clients Set For Reckoning Post Paytm
The central bank may get tougher before governor Shaktikanta Das steps down this year
3 mins
RBI bolsters fintech scrutiny with more inspections
The RBI's moves come as financial regulators in other markets, including China, crack down on rule violations
2 mins
What Consumers Need To Know About The Capital One-Discover Deal
Capital One on Monday announced a $35 billion acquisition of Discover Financial Services, and right on cue Elizabeth Warren demanded that the Biden Administration block it. Yes, the same progressives who complain that big banks and Visa and Mastercard are too powerful now want to shield them from competition.
2 mins
An executive bought a rival's stock. Insider trading, says SEC
Defense lawyers say the case is the first to involve \"shadow insider trading\"
4 mins
New Treatments Are Emerging For Type-1 Diabetes
"WHERE ARE the islets of Langerhans?" is a trick question that pops up from time to time in quizzes. The answer is to be found not in atlases of geography, but rather in those of anatomy, for the so-called islets are in fact clusters of cells scattered through the pancreas. There they synthesise and release a range of hormones, including insulin, which regulates glucose levels and thus metabolism.
3 mins
India, Greece Aim To Double Trade To About $4 Bn By 2030
Greek Prime Minister Kyriakos Mitsotakis on India visit, holds discussions with Modi
1 min
IN PSU BANKS, A RISE OF HASHTAG ACTIVISM
Frustrated with the older trade unions, some bankers have started amassing support on social media
8 mins
'ETFs in debt have a huge potential for investments'
Fintech entrepreneur Sanjiv Shah brought ETF, or exchange-traded fund, investment to India in 2001. He launched the country’s first Nifty 50, gold and CPSE ETFs. Shah left the mutual fund (MF) industry in 2017, but his entrepreneurial fire is lighting others. In an interview with Mint, Shah talked about his recent work, trends in the ETF space and anecdotes from his MF industry days. Edited excerpts:
5 mins
Animal Spirits Revival: Will Private Capex Roar?
An RBI report points to economic conditions being in place for a private capex revival. But we have seen many stirrings that flattered only to deceive. This time, let's hope it plays out
2 mins
Our school infrastructure needs a revamp to flatten its pyramid
Primary education has widened in India but left us short of capacity for higher-level schooling. This challenge must be met
4 mins
The travels of Mughal princess Gulbadan
In this excerpt from a new book, historian Ruby Lal explains Princess Gulbadan's pivotal role in her nephew Akbar's court
5 mins
Welcome to the jungle: Richie Mehta on 'Poacher'
Richie Mehta on his new series and the challenges of following up 'Delhi Crime' with a different sort of procedural
3 mins
Exploitation cinema gets a queer spin
'Drive-Away Dolls' is a playfully R-rated, unabashedly queer romp Agoncion
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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