Mint New Delhi - February 12, 2025
Mint New Delhi - February 12, 2025
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In this issue
February 12, 2025
Bidding for oil and gas blocks launched
The Union ministry of petroleum and natural gas on Tuesday launched the 10th round of bidding for oil and gas exploration & production under the Open Acreage Licensing Policy (OALP).
1 min
Steelmakers Brace for Trump's 25% Tariff
India will be a prime target for overseas exporters, given its growing appetite for steel, said Naveen Jindal
2 mins
India, Israel resolve to strengthen ties, commit to combat terrorism
India and Israel reaffirmed their commitment to strengthening trade and infrastructure ties, with commerce and industry minister Piyush Goyal setting an ambitious goal of increasing bilateral trade tenfold from the current $6.5 billion.
2 mins
Centre May Extend Duty-Free Urad Imports
Urad production has fallen from 2.7 mt in FY22 to 2.6 mt in FY23 and 2.3 mt in FY24, as per agriculture ministry data
1 min
India to remain the fastest growing economy, says FM
Sitharaman said that food inflation has moderated, even amid economic uncertainty
2 mins
Why Sebi Halted Trading in LS Industries, Pacheli Industrial
For months, shares of LS Industries Ltd (LSIL), a little-known textile firm with no revenue, soared inexplicably, transforming it—on paper—into one of India's most valuable companies.
2 mins
Eicher's bet on volume over margin dampens confidence
Eicher Motors Ltd's approach of achieving volumes by sacrificing margin has rattled investors, pulling the stock nearly 7% down on Tuesday.
1 min
Rupee's Biggest Rise in Two Years Sends Bears Scurrying
The rupee has weakened more than 2% since new RBI governor Sanjay Malhotra took office in December
2 mins
NTPC in talks with foreign cos on N-power
State-run NTPC Ltd., India's biggest power producer, is in initial talks with a range of foreign technology suppliers to expand in nuclear energy as the country steps up its decarbonization efforts, a company executive said.
1 min
Zeta's valuation zooms to $2 bn after $50 mn funding
The investment was made by healthcare services firm Optum, an arm of the UnitedHealth Group
1 min
Rural Jobs Scheme, DBT Cause Labour Crunch: L&T Chair
L&T chairman said the workforce migration crisis is being felt on businesses and infra development in cities
1 min
Apollo Hospitals to continue its focus on high complexity care
Apollo Hospitals plans to drive its high complexity care and specialties business to realize higher revenue, senior management executives told Mint in an interview.
2 mins
Ecom Express puts on hold its IPO plans
Third-party logistics startup Ecom Express has laid off at least 500 employees and put on hold its plans for an initial public offering (IPO) of its shares as it attempts to trim costs, two people familiar with the matter told Mint.
2 mins
Why direct-to-OTT films can't match the pull of web series
Unlike long-format series that generate conversations, movies have a shorter window to create impact
2 mins
Israel Should End Truce If Hostages Not Freed Saturday
The six-week truce between Israel and Hamas was agreed last month and is set to end in early March
2 mins
Vodafone Idea Q3 loss narrows
Vodafone Idea reported a smaller-than-expected third-quarter loss on Tuesday, as the telecom operator's per-user revenue continued to be boosted from July's tariff hikes.
1 min
B'desh urges Adani to restore power
Bangladesh has asked Adani Power to fully resume supplies from its 1,600-megawatt plant in India, a Bangladesh official said, after more than three months of reduced sales with supplies halved due to low winter demand and payment disputes.
1 min
Morgan Stanley sets $3 bn X loan
The move comes less than a week after it sold $5.5 billion in X debt.
1 min
KFC India operator Q3 profit declines
Devyani International, which operates KFC and Pizza Hut restaurants in India, reported a lower pre-tax profit, hurt by soaring costs due to rapid store expansion, pushing its shares down by nearly 4%.
1 min
More AI spend still needed despite DeepSeek's success
Investment in data centres and cloud infrastructure is still needed despite DeepSeek challenging the cost efficiency of large artificial intelligence (AI) models, Baidu chief executive officer Robin Li said on Tuesday.
1 min
Easebuzz gets nod to be an online PA
Payment solutions provider Easebuzz has received final authorisation from the Reserve Bank to operate as an online payment aggregator (PA), according to a release.
1 min
'Affordable housing demand not down'
DFC Capital Advisors managing director and chief executive officer Vipul Roongta on Tuesday said the supply of affordable housing has gone down across major cities but not the demand, and urged real estate developers to focus on building homes costing ₹50 lakh to ₹1 crore.
1 min
Two partners are leaving Peak XV
Peak XV Partners, formerly part of Sequoia Capital, is losing two of its partners, according to people familiar with the matter, months after the firm reduced its latest growth fund and cut fees on others.
1 min
Shriram eyes green portfolio growth
Shriram Finance aims to boost its green portfolio 20-fold over the next three years as it diversifies its loan book, a top official said on Tuesday.
1 min
Meta starts cutting jobs to find AI talent
Meta workers who were laid off were notified via email, said people familiar with the matter. AFP
1 min
Invest in Indian oil, gas sector: Modi to global energy majors
PM said recent reforms will facilitate oil and gas resources' maritime exploration, raise production, maintain strategic reserves
1 min
Mint New Delhi Newspaper Description:
Publisher: HT Digital Streams Ltd.
Category: Newspaper
Language: English
Frequency: Daily
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