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Mint Kolkata - December 27, 2024

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इस अंक में

December 27, 2024

Govt's agri-preneur scheme receives lukewarm response

Only 35 ventures have been established under the ACABC scheme in the current fiscal year

2 mins

Climate Change and the New Green Economy: Big Questions for '25

India must navigate China's monopoly in the global supply chain of green goods

4 mins

Signs of growth rebound ahead: Economic review

India's GDP is expected to grow at 6.5% in 2024-25 despite a slowdown in investment growth due to reduced public expenditure, private sector caution, global uncertainties, and concerns over excess capacity and dumping, the Union finance ministry said in its November economic review released on Thursday.

1 mins

Govt weighs income tax cuts to give relief to the middle class

India is considering cutting income tax for individuals making up to ₹15 lakh ($17,590) a year in February's budget to provide relief to the middle class and boost consumption as the economy slows, two government officials said.

1 mins

Alibaba, E-Mart Plan $4 Billion JV in Korea

Alibaba Group Holding Ltd. agreed to merge its South Korean operations with E-Mart Inc.'s e-commerce platform to better compete in the country's fast-paced online retail sector.

1 mins

Jubilant Foods in pact with Coca-Cola

Food services company Jubilant FoodWorks Ltd (JFL), which operates Domino's and Popeye's chains of restaurants in India and neighbouring markets, said on Thursday it has signed a memorandum of understanding (MoU) with The Coca-Cola Company to procure sparkling beverages from the soft drink major's bottlers.

1 mins

AI, advanced robotics to transform highway building

The plan aims to speed up construction, reduce waste and improve ride quality, durability

2 mins

KKR to Lead Leap India's ₹535 Crore Funding

Leap India Pvt. Ltd, a storage and supply chain services provider that is majority-owned by private equity firm KKR, is raising ₹535 crore (around $62.7 million) in its latest funding round led by KKR, along with participation from Sixth Sense, First Bridge India, Madhurima International and Niveshaay Sambhav Fund, as well as a few angel investors.

1 mins

Japan's SMFG puts $350 million into Indian NBFC arm

Japan's Sumitomo Mitsui Financial Group (SMFG) has invested an additional ₹3,000 crore, or over $350 million, into SMFG India Credit through a rights issue.

1 mins

Miners, steel firms in limbo on tax uncertainty, weak prices

Mining and steel companies are caught between a rock and a hard place.

2 mins

Rupee plunges 12p to end at new low of 85.27 to dollar

The rupee weakened on a strong dollar and rising US treasury yields that are at the highest levels in seven months

2 mins

RBI committee to study global regulations on AI, identify risks

The eight-member panel will be chaired by Pushpak Bhattacharyya, professor from IIT Bombay

2 mins

Medtech firms bet on export

Local medical devices manufacturers look beyond borders to capitalize on the rising demand in global markets.

4 mins

Court halts Rel AGM, blocks Burman offer

The high court's order follows a PIL aimed at protecting the interests of Rel's minority shareholders

2 mins

New India Manufacturing Era Beckons

With the global supply chains continuing to shift in India's favour as the world's largest businesses strike a new balance between resilience and efficiency, manufacturing has the potential to transform the economy, Tata Sons chairman N Chandrasekaran said.

1 mins

Niche US films eye premium pricing

Footfalls are driven by content and the overall cinematic experience and not ticket prices alone, say experts

1 mins

JSW Group gets a copper lining to metals business

\"The idea is to venture into non-ferrous metals because copper will be in huge demand, be it from EVs (electric vehicles), the renewable grid, construction, home appliances, everything needs copper,\" one of the people cited above said. \"Today, India is a net importer. This is a critical start.\"

1 mins

Microsoft Is Forcing Its AI Assistant On People—And Making Them Pay

Like Other Tech Firms Playing Catch-Up in the AI Market, Copilot Has Struggled Against OpenAI's ChatGPT

2 mins

L&T Eyes 20% Growth in FY26

Infrastructure major Larsen & Toubro (L&T) expects its construction and mining machinery business to grow at least 20% in the next fiscal year, with the company planning to double sales in the next five years.

1 mins

Small investors chase new fancy in unlisted avenue

The pre-IPO segment has been a significant driver of this surge, as investors flock to companies preparing for public listings.

1 mins

Bank Cyberattacks Surge as Jan Security Deadline Nears

Banking institutions saw an average of 2,525 cyberattacks in the six months leading to Dec

2 mins

Trump's Tariff Plan to Hit Affordable Cars the Hardest

U.S. car industry has a 'big case of anxiety' about president-elect's proposed 25% tariff on Mexico, Canada imports

4 mins

BYD Slams Reports of Poor Conditions at Brazil Factory Site

Earlier in the week, a task force led by Brazilian prosecutors said it had rescued 163 Chinese nationals at the site

1 mins

India Must Envision and Develop Ambitious New Tourism Projects

Destination management can be enhanced by deploying technology

4 mins

FMCG cos brace for uncertain times, bet on premium craving

Income growth, better infra and digital adoption pushed the size of rural households' FMCG basket by 60% in two years

4 mins

OTTs Focus on Ad Model as a New Dominant Player Emerges

The party for content creators and writers may be over as commissioning of new original shows slows

3 mins

Re-releases save the day as Bollywood absent from theatres in 2024

Bollywood couldn't have been more conspicuous by its absence in movie theatres this year, with nearly the full April-June quarter going by without any big releases.

4 mins

Korea opposition moves to impeach acting president

South Korea's opposition party filed a motion to impeach acting President Han Duck-soo after he resisted pressure to appoint court judges who might increase the likelihood of removing President Yoon Suk Yeol from power.

2 mins

Israelis See Chance to Remake Middle East in War's Wake

Despite criticism over conduct of Gaza war, some see new diplomatic opportunities

4 mins

Women voters outnumber men again in Lok Sabha polls: EC

As many as 646.4 million voters exercised their franchise in the Lok Sabha polls held earlier this year with women voters outnumbering men, according to statistical data released by the Election Commission (EC) on Thursday.

1 mins

CCPA Fines 3 UPSC Coaching Centres

The Central Consumer Protection Authority (CCPA) has imposed penalties totalling ₹15 lakh on three coaching institutes for making misleading advertisements about their success rates in civil services examinations, the government said on Thursday.

1 mins

Trade, service sector leaders meet FM, plead for tax cuts

The discussions come at a time when the economy is grappling with slowing growth

1 mins

Top 7 cities' housing sales to fall 4% in '24

Housing sales are estimated to fall 4% this year in seven major cities to nearly 460,000 units on lower launches, while sales in value terms are up 16% to ₹5.68 trillion, according to Anarock.

1 mins

Haier to cross $1 bn in revenue in 2024

Haier Appliances India is set to cross the milestone of having a billion dollar revenue in 2024, helped by strong summers, festive season and ongoing trend of premiumization, and expects ₹11,500 crore revenue in 2025, its president NS Satish said on Thursday.

1 mins

Russia Rejects US' Truce Call in Ukraine

Rejecting the ceasefire, Russia says it's ready to hold negotiations on a peace agreement.

1 mins

China Plans World's Largest Dam in Tibet

China has approved the construction of what will be the world's largest hydropower dam, kicking off an ambitious project on the eastern rim of the Tibetan plateau that could affect millions downstream in India and Bangladesh.

1 mins

Branded hotels to grow 13-14% in FY25

Branded hotels in the country are likely to see double-digit revenue growth of 13-14% in 2024-25, and 11-12% in the next financial year on demand surge, a report said on Thursday.

1 mins

CFA or CFP: What's Right for Your Financial Career Goal?

Exploring the career paths of CFA and CFP aspirants from diverse professional backgrounds

3 mins

Bridging the Insurance Gap for India's Self-Employed with Tech Solutions

Self-employed people struggle to access term insurance and other financial protections

2 mins

Hospital room rent caps: How dual policies can affect claims?

My corporate insurance policy includes a room rent cap for hospital stays, while my individual insurance policy does not. Will staying in a higher-category room affect my claim? —Name withheld on request

2 mins

A manufacturing sector revival is a must to uplift our economy

India requires structural changes that go beyond cosmetic policy tweaks to address the real issues

3 mins

Watch 'Industry': Delve into imaginary trading

This serial does what the film 'Wall Street' did. It reveals how grubby investment banking can be. But it also shows the power of money to bury hatchets and forge unlikely alliances

2 mins

How will US federal workers react to the wrath of DOGE?

They face hard choices. The US should heed past advice on reforms

3 mins

Do fashion collaborations give both brands an edge?

As more international brands look to partner with Indian creatives, a closer look at what will make these mergers truly meaningful

3 mins

End the year with music, art

A Mint guide to what's happening in and around your city

1 mins

Purists Don't Want Bakers to 'Mess' With the Mince Pie

Some Brits believe jazzing up the festive treat, made of dried fruit and pastry, takes away its nostalgic value

2 mins

सभी कहानियाँ पढ़ें Mint Kolkata

Mint Kolkata Description:

प्रकाशक: HT-Digital-Streams-Ltd.

वर्ग: Newspaper

भाषा: English

आवृत्ति: 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...