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Mint Bangalore

I-T dept searches IIFL Group firms

India's income tax (I-T) department is undertaking search operations at three IIFL Group companies, two people familiar with the development said on Tuesday.

1 min  |

January 29, 2025

Mint Bangalore

Actis nears Stride deal amid renewable boom

Actis signed a $325 million deal to buy Macquarie's green energy platform

3 min  |

January 29, 2025

Mint Bangalore

Banking beyond borders: Can US citizens open accounts in India?

Exploring banking options for foreign nationals, from NRE, NRO and FCNR accounts to Gift City investments

4 min  |

January 29, 2025

Mint Bangalore

More tier-II companies are likely to drive IPO boom in 2025

After a year of record fundraising through initial public offerings (IPO), merchant bankers are expecting domestic IPOs to gather more steam in 2025, with increasing funding demand from tier-II companies.

2 min  |

January 29, 2025

Mint Bangalore

Dahlias key to DLF's rosy FY25

Realty firm DLF Ltd's FY25 pre-sales target of ₹17,000 crore was a tall order, as H1FY25 was marred by muted new launches and weak sales in existing projects. But the launch of the uber-luxury 'The Dahlias' at Golf Course Road in Gurugram Q3FY25 changed everything.

2 min  |

January 29, 2025

Mint Bangalore

Moulding the future of Damodaran calls for heightened regulatory impact assessment

The former Sebi chairperson lauded the regulator for moving to a \"trust but verify\" approach

2 min  |

January 29, 2025

Mint Bangalore

Bima Sugam: Unlocking the potential of digital insurance

The insurance industry expects government-backed digital insurance marketplace Bima Sugam, which is set to debut in a few months, to be a game-changer for the crucial sector.

1 min  |

January 29, 2025

Mint Bangalore

Returning Gazans take stock of destruction after cease-fire

When a cease-fire took effect in Gaza this month, Ibrahim Raba'a went back to Jabalia—the scene of rounds of intense fighting between Palestinian militant group Hamas and the Israeli military—to see what had become of his home.

4 min  |

January 29, 2025

Mint Bangalore

Govt starts surveys as GBS cases rise

The Maharashtra government and Union health ministry have together started household surveys in Pune, which is seeing a surge in Guillain-Barré Syndrome (GBS) cases across the city.

1 min  |

January 29, 2025

Mint Bangalore

NPS adoption slow: Mohanty

The National Pension System (NPS) introduced in 2004 for government employees has since been extended to others but adoption has been slower than desired, said Deepak Mohanty, chairperson of the Pension Fund Regulatory and Development Authority (PFRDA), at the Mint BFSI Summit.

1 min  |

January 29, 2025

Mint Bangalore

Hybrid Funds Are Best Suited To Handle Current Market Volatility

In 2024, investors felt tremors of a volatile market as corporate earnings growth started slowing in the second half of the year

3 min  |

January 29, 2025

Mint Bangalore

CCI order on WhatsApp's use of user data: Its broad thrust is fine

The NCLAT stayed a weak part of it but the case shows how privacy and antitrust issues are linked

3 min  |

January 29, 2025

Mint Bangalore

Mahindra Finance Q3 profit rises 63%

Mahindra and Mahindra Financial Services (Mahindra Finance) on Tuesday reported a 63% year-on-year increase in standalone profit after tax to ₹899 crore in the fiscal third quarter.

1 min  |

January 29, 2025

Mint Bangalore

Bankers bat for job creation, tax incentives in budget 2025

Experts advise PLI scheme for import substitution in pockets where a manufacturing facility could be set up

2 min  |

January 29, 2025

Mint Bangalore

Tanglin eyes $250 mn 3rd fund

Tanglin Venture Partners, a venture capital (VC) firm floated by Tiger Global executives Ravi Venkatesh and Edwina Yeo, is targeting to raise about $250 million for its third investment vehicle, according to the firm's filing with the US Securities and Exchange Commission.

1 min  |

January 29, 2025

Mint Bangalore

Demerger of HZL awaits Vedanta split

In November, the government raised ₹3,449 cr by selling a 1.6% stake in the company through an offer for sale

1 min  |

January 29, 2025

Mint Bangalore

US tech curbs and China's AI success hold lessons for us

Technology denial regimes often spur self-reliance, as seen in AI, and India must indigenize advances too

3 min  |

January 29, 2025

Mint Bangalore

ANI vs OpenAI, starting 21 Feb

The Delhi High Court said on Tuesday that it will begin detailed hearings on 21 February to address the copyright infringement lawsuit filed by ANI Media, a New Delhi-based media company, against OpenAI, the San Francisco-based artificial intelligence research organization.

1 min  |

January 29, 2025

Mint Bangalore

Cipla's Q3 margins hit record high despite US biz slowdown

Pharma major Cipla Ltd on Tuesday announced highest-ever quarterly revenue and Ebitda margin, as robust sales in India, Europe and emerging markets outweighed weakness in its US business.

1 min  |

January 29, 2025

Mint Bangalore

SpiceJet to reinduct grounded fleet

Domestic budget carrier SpiceJet on Tuesday said it is set to re-induct one of its grounded Boeing 737 Max aircraft into operations from 29 January, as part of its plan to put all these planes back into service in a phased manner.

1 min  |

January 29, 2025

Mint Bangalore

Why Bollywood Has No Lights, Camera, Action

Producers aren't making films if Netflix or Amazon Prime Video haven't bought streaming rights

7 min  |

January 29, 2025

Mint Bangalore

Irdai Considers Increasing FDI in Insurance to 100%

The Insurance Regulatory and Development Authority of India (Irdai) is considering increasing foreign direct investment (FDI) in the insurance sector to 100% from 74% now, Deepak Sood, whole-time member of Irdai, said at the Mint BFSI Summit and Awards held recently.

2 min  |

January 29, 2025

Mint Bangalore

Designed for ergonomics and accessibility

The upgraded AI features in this phone are well-integrated, though not pivotal

2 min  |

January 29, 2025

Mint Bangalore

JLR seeks $500 mn offshore loan

Jaguar Land Rover Automotive, the British arm of Tata Motors Ltd, is planning to raise $500 million through an offshore loan, according to a company statement, joining a flurry of dollar debt deals from Indian conglomerates.

1 min  |

January 29, 2025

Mint Bangalore

Infra status unlikely for EV charging despite demand

Charging infrastructure is critical in India, where EV adoption is growing rapidly.

2 min  |

January 29, 2025

Mint Bangalore

Zepto's reverse flip done ahead of IPO

Zepto has marked a milestone with the completion of its reverse flip from Singapore to India ahead of its proposed initial public offering (IPO).

1 min  |

January 29, 2025

Mint Bangalore

Experts bat for green taxonomy for climate finance

India's climate financing activities need to be buttressed by a green taxonomy and new risk management models, said a panel of experts at the Mint BFSI Summit.

1 min  |

January 29, 2025

Mint Bangalore

Why 2025 Is a Do-or-Die Year for Climate Action

The next four years of the Trump presidency will represent a litmus test for climate action across the world

3 min  |

January 29, 2025

Mint Bangalore

Budgeting to achieve outcomes: Let 'Pay for results' lead the way

Linking expenditure with outcomes will effect the behavioural shifts India needs and enhance the efficacy of budget outlays

4 min  |

January 29, 2025

Mint Bangalore

IGX Gets Nod for Long-Term Contracts

The Indian Gas Exchange (IGX) announced the launch of long-duration gas supply contracts of 3-6 months, following approval from the Petroleum and Natural Gas Regulatory Board (PNGRB).

1 min  |

January 29, 2025

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