Mint Mumbai - February 23, 2024
Mint Mumbai - February 23, 2024
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In this issue
February 23, 2024
Japanese stocks hit pre-bubble record
Japan's benchmark stock average on Thursday broke the record closing high set more than 34 years ago, a milestone in the country's recovery from a popped bubble that left the economy in the doldrums for decades.
3 mins
Space FDI to fuel nascent segment
Opening up FDI comes after the space policy for private sector was introduced in April last year
2 mins
Jio BP, Adani, Shell in talks to charge up highways
Adani Total Energy, Jio BP, Shell Mobility and the Aditya Birla Group are among private entities in talks with the government to set up charging stations along national highways under a new initiative to enhance electric mobility, two people aware of the development said.
2 mins
Hero Future to raise $200 mn before IPO
The spate of deals in India’s renewable energy space continues with Rahul Munjal-led Hero Future Energies Pvt. Ltd looking to hire JP Morgan for a pre-initial public offering (IPO) fundraising. The deal is expected to have an equity value of around $200 million, said two people aware of the development.
2 mins
Premature change in policy action may hurt, warns MPC
Five members of the central bank’s six-member rate-setting committee warned against any premature change in policy action while embarking on the \"last mile of disinflation\", and voted to keep policy rates unchanged, minutes of its meeting held earlier this month showed.
2 mins
Flurry of decisions likely as polls near
Cabinet to clear several proposals before election code kicks in
3 mins
India's Economy Surges Further Ahead In February
Services sector output at seven-month high, manufacturing sector at five-month high in Feb
2 mins
Readymade garment exports up in Jan
Key products such as crude oil, auto, chemicals, textiles etc. and steel have been affected by the Red Sea crisis
2 mins
Cabinet panel okays BrahMos missiles buy for Navy
In a significant move, the Cabinet Committee on Security (CCS) has accorded approval for the procurement of more than 200 BrahMos supersonic cruise missiles and associated equipment for the Indian Navy at a cost of around ₹19,000 crore, people familiar with the matter said on Thursday.
1 min
Cutbacks, salary delays at Log9
Nanotechnology startup Log9 Materials has laid off more than 115 contract workers at its Bengaluru factory and postponed January salaries for employees, and payment to vendors, according to people aware of the matter.
1 min
CVC Cap partners agrochem veteran for chemicals play
European private equity firm CVC Capital, which announced the close of its sixth and latest Asia-focussed vehicle earlier this week, on Thursday said it has partnered with the agrochemical industry veteran Rajan Gajaria to invest in global chemicals and CDMO (contract development and manufacturing organizations) businesses.
1 min
ChatGPT spews gibberish, OpenAI blames it on 'bug'
OpenAI updated the page with a message stating the tool was operating normally after over 16 hours
1 min
Xoriant's digital engineering push with MapleLabs buyout
Xoriant, a California-based software engineering and digital services firm supported by homegrown private equity major ChrysCapital announced on Thursday the acquisition of Bengaluru-based technology solutions provider MapleLabs Inc. The company, however, did not disclose the financial details of the transaction.
1 min
KKR to bring chunk of Asia infra fund to India
To expand investment horizon from Fund II after deploying 30% of Fund I
2 mins
Bharat Highways InvIT to float ₹2,500 crore IPO on 28 Feb
Bharat Highways Infrastructure InvIT, an investment trust, on Thursday said it will launch its ₹2,500 crore initial public offering (IPO) on 28 February.
1 min
Office demand sees green shoots
The resurgence of Global Capability Centers (GCCs) has helped demand for Grade A office spaces make a comeback. This has meant an improved leasing trajectory for office asset owners, who have been grappling with muted demand lately.
2 mins
Nifty hits record high amid volatile trading
The Nifty soared to a record high of 22,252.50 for the fourth straight session on Thursday after gyrating 377.25 points between the day’s low and high.
1 min
Birla eyes profits, ₹10,000 cr revenue for paints biz in 3 yrs
Aditya Birla Group enters the decorative paints market, eyes number two spot in India
2 mins
Indian pharma cos eye weight-loss mkt
Indian drug-makers aiming to grab a slice of the burgeoning weight-loss treatment sales pie, both at home and abroad, have begun developing their own versions of Novo Nordisk's wildly in-demand Wegovy.
1 min
How Perplexity AI plans to disrupt Google's monopoly
The company's CEO is confident that it will emerge as a true challenger to the search giant
3 mins
New classification may claw back TV viewers
ISEC may breathe life into ailing genres such as English entertainment
2 mins
AI finds an unlikely benefactor: Blackstone CEO Schwarzman
The newly christened Schwarzman College of Computing at the MIT is set to open at the end of April
4 mins
As hybrids gain popularity, sceptics ask if they are sufficiently green
More emissions are produced when making EVs and their batteries than when making gasoline-only cars
4 mins
China's metal demand takes a different shape as housing slumps
While China's housing market could take a while to recover, steel demand is getting a manufacturing and infra boost
2 mins
EU says Ukraine will feature prominently in its India talks
European diplomat Sannino expects India to support western sanctions on Russia
1 min
INSIDE UNACADEMY'S LAB OF RUSHED EXPERIMENTS
The startup is grappling with unsuccessful acquisitions and the challenges of establishing an offline presence
8 mins
An onion sweetener: Is this a bright bulb idea?
A novel onion waste-based sweetener is an incubated-startup idea picked by the Centre for national scaling up. In a country of carb-heavy diets, could it ease our diabetes burden?
2 mins
Capitalism varies across as well as within individual countries
It varies by whether firms are informal or formal, small or big, competitive or oligopolistic and politically connected or not
3 mins
Exploring the delicious street food and drinks of Goa
The state is full of dishes that find no mention in traditional recipe books, yet enjoy a big following among residents, tourists
3 mins
Forest bathing in an enchanting Finnish fell
In the picturesque wilderness of Iso-Syöte, Finland's southernmost fell region, mindfulness comes unbidden and naturally
3 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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