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Mint Kolkata - February 12, 2025

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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 mins

India, Israel resolve to strengthen ties, commit to combat terrorism

India and Israel reaffirmed their commitment to fighting terrorism and strengthening bilateral ties, with commerce and industry minister Piyush Goyal emphasizing the shared resolve of both nations' leadership in eliminating the menace.

1 mins

India to Remain the Fastest Growing Economy, Says FM

Sitharaman said that food inflation has moderated, even amid economic uncertainty

2 mins

Centre may extend duty-free urad imports

Urad production has fallen from 2.7mt in FY22 to 2.6mt in FY23 and 2.3mt in FY24, as per agriculture ministry data

1 mins

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

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 mins

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

Sebi failed to protect investors: Saluja in HC

Ashmi Saluja, executive chairperson at Religare Enterprises Ltd, has filed a petition with the Delhi high court accusing the Securities and Exchange Board of India (Sebi) of neglecting its duty to protect the interests of investors in the securities market.

1 mins

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 mins

NTPC in talks with foreign cos on nuclear energy

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 mins

Tax incentives for cleaner vehicles should stay: Toyota India head

Tax incentives for green mobility should continue for the benefit of consumers, according to the India head of Toyota Kirloskar Motor Pvt. Ltd, as the company continues to focus on electric and ethanol-powered vehicles.

2 mins

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

Bangladesh Wants Adani Plant to Restore Full Power

State-run BPDB Said It Had Been Paying $85 Million a Month to Adani to Clear Outstanding Dues

1 mins

Ecom Express puts on hold its IPO plans

Over 500 people are expected to be laid off over the week at Ecom Express, said a person familiar with the matter

2 mins

Consumer cos' ad spends to rise in FY26

Firms are ramping up urban distribution, marketing, and financing schemes to drive sales

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

Novartis to buy Anthos for $3.1 billion

Novartis AG agreed to buy US biotech Anthos Therapeutics for as much as $3.1 billion to gain a preventative stroke medicine that could be the first of its kind.

1 mins

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 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 mins

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 mins

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 mins

Morgan Stanley Sets $3 Billion X Loan

The move comes less than a week after it sold $5.5 billion in X debt.

1 mins

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 mins

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 mins

'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 mins

Meta starts cutting jobs to find AI talent

Meta Platforms Inc. began notifying staff of job cuts on Monday, kick-starting a process that will terminate thousands of people as the company cracks down on \"low-performers\" and scours for new talent to dominate the artificial intelligence (AI) race.

1 mins

Invest in Indian oil, gas sector: Modi to global energy majors

Government targets to double the share of gas in India's energy mix to 15% by 2030

1 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...