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Mint Chennai

Citi India Set to Buy Record $1 Billion of ABS

Citigroup Inc.'s India unit is set to buy record asset-backed securities (ABS) as domestic lenders seek liquidity amid sluggish deposit growth.

1 min  |

February 21, 2025

Mint Chennai

Irdai sets up panel for insurance law changes

The Insurance Regulatory and Development Authority of India (Irdai) has set up a seven-member committee headed by former chairman of State Bank of India (SBI) Dinesh Khara to examine proposed amendments to the Insurance Act, 1938 and suggest a framework for its implementation.

1 min  |

February 21, 2025

Mint Chennai

X hinted at possible deal trouble in talks with ad giant to increase spending

A lawyer at advertising conglomerate Interpublic Group fielded a phone call in December from a lawyer at X. The message was clear, according to multiple people with knowledge of the conversation: Get your clients to spend more on Elon Musk's social-media platform, or else.

3 min  |

February 21, 2025

Mint Chennai

RBI Cancels $3 Billion of Treasury Bill Sale

India's central bank did not accept any bids for 91 and 182-day treasury bills in an auction Thursday amid a cash squeeze in the nation's banking system.

1 min  |

February 21, 2025

Mint Chennai

Is your pension fund at risk? Steps to unlock full benefits

Why merging all past EPS accounts is critical to unlocking EPF funds, avoiding payout delays

5 min  |

February 21, 2025

Mint Chennai

Govt Defends Tax Demand on VW

Tax authorities have defended the $1.4-billion demand on Skoda Auto Volkswagen India Pvt Ltd., claiming Volvo, Mercedes, and BMW also paid a 30% duty on cars brought into the country after breaking them down into individual parts.

1 min  |

February 21, 2025

Mint Chennai

Centre Issues Advisory to OTT Platforms Over Obscene Content

The ministry of information and broadcasting has issued an advisory to publishers of online curated content (OTT platforms) and social media regarding alleged spread of obscene, pornographic and vulgar content after having received references from members of Parliament, representations from statutory organizations and public grievances.

1 min  |

February 21, 2025

Mint Chennai

Weak Rupee to Spur IT Rebound

The Indian information technology (IT) sector has been trying to make a meaningful comeback for a while.

2 min  |

February 21, 2025

Mint Chennai

UB Group's premium bet pays off, but margin woes persist

United Breweries Ltd, the Indian subsidiary of Dutch brewer Heineken NV, has been leaning on its premium products, expansion, and favourable regulations to drive growth, braving persistent margin and pricing challenges.

1 min  |

February 21, 2025

Mint Chennai

Good Glamm in talks to sell ScoopWhoop

WLDD explores buying brand amid Good Glamm's restructuring efforts

2 min  |

February 21, 2025

Mint Chennai

Microsoft's new chip and a quantum leap for computing

Microsoft has unveiled a new chip, Majorana 1, which will potentially enable the creation of quantum computers to solve meaningful, industrial-scale problems in years, not decades.

2 min  |

February 21, 2025

Mint Chennai

Nvidia Is Back in the Reckoning as Panic Over DeepSeek Ebbs

The AI chip-maker is back in form after its stock's recent battering

3 min  |

February 21, 2025

Mint Chennai

Samsung asks govt to intervene in stir

A section of workers at Korean giant Samsung's Sriperumbudur plant near here intensified its protest against the company on Thursday, the latter said it has \"zero-tolerance policy for any illegal activities\" and urged authorities to \"secure the safety of our workers, maintain discipline and provide ease of doing business.

1 min  |

February 21, 2025

Mint Chennai

Dixon Set To Double Revenue This Fiscal

Dixon Technologies India, which assembles Google's Pixel smartphones, is set to more than double its revenue this fiscal year, driven by rapid growth in local electronics manufacturing, a top executive told Reuters.

1 min  |

February 21, 2025

Mint Chennai

Gold hits new peak of ₹89,450/10gm

Old prices hit a fresh high of ₹89,450 per 10 grams (gm) in the national capital on Thursday, advancing ₹50 amid firm global trends, according to the All India Sarafa Association.

1 min  |

February 21, 2025

Mint Chennai

Auto ER&D Firms Struggle as Trump Tariffs, China Roil Mkts

The engineering, research and development space expanded 7.4% to $43 billion in revenue in the fiscal year 2024

2 min  |

February 21, 2025

Mint Chennai

Cars24 to drive into personal loan space

Used cars marketplace Cars24, which has been offering financing options to customers purchasing cars from its platform, is evolving into a comprehensive lending platform, a top executive of the company told Mint.

2 min  |

February 21, 2025

Mint Chennai

RBI Moves to Ease New India Co-op Crisis

The Reserve Bank of India (RBI) is working on a plan to allow depositors of troubled New India Co-operative Bank to make special withdrawals for personal and medical emergencies, two people familiar with the matter said on Thursday.

1 min  |

February 21, 2025

Mint Chennai

Fractal Analytics Bets on Agentic AI to Drive Revenue

Agentic AI Combines LLMs, ML and NLP to Perform Tasks Independently with Minimal Supervision

1 min  |

February 21, 2025

Mint Chennai

Hamas Turns Handover of Dead Israeli Hostages into a Spectacle

Hamas displayed coffins that it said held the bodies of four Israeli hostages before a crowd of militants before handing them over to Israel on Thursday, in a spectacle that included taunts and anti-Israel slogans.

4 min  |

February 21, 2025

Mint Chennai

Google Eyes Sites in India for First Retail Stores Outside US

Google counts India as a key growth market, where it has committed to investing $10 billion

2 min  |

February 21, 2025

Mint Chennai

Trump's attack on Zelensky signals new world order taking shape

From alienating allies to praising adversaries, Trump appears set to abandon decades of American foreign policy

5 min  |

February 21, 2025

Mint Chennai

India Turns to Africa and West Asia for Solar Exports

The move comes as demand from Europe stagnates and the US turns more protectionist

2 min  |

February 21, 2025

Mint Chennai

Trump 2.0: How To Navigate Global Markets Amid Trade And Tax Policy Shifts

Investors who stay disciplined, diversify, focus on key drivers will be better positioned

2 min  |

February 21, 2025

Mint Chennai

Sebi Proposes to Fast-Track Reit FPOs

(Sebi) on Thursday proposed a framework for undertaking fast-track follow-on offers by Reits and InvITs to make fundraising more efficient.

1 min  |

February 21, 2025

Mint Chennai

Indian authorities verifying nationality of people deported to Panama

Indian authorities have started the process of verifying the nationality of 50 people presumed to be Indians who were part of a group of 299 migrants deported by the US to Panama in recent days, people familiar with the matter said on Thursday.

2 min  |

February 21, 2025

Mint Chennai

Hyundai: India to be export mfg hub

Hyundai Motor India is looking to position itself as a manufacturing hub for exports for emerging markets like Africa and neighbouring nations, according to a top company executive.

1 min  |

February 20, 2025

Mint Chennai

NHPC weighs next power move with PTC stake boost

NHPC does not plan to buy PTC India Financial Services, the controversy-hit financing arm of PTC India

2 min  |

February 20, 2025

Mint Chennai

China Proposes Rules to Tighten Control Over Rare Earth Sector

China on Wednesday began public consultation on new regulations designed to protect its domestic rare earth industry, a sector where Beijing has previously weaponized its dominance via export controls and other restrictions.

1 min  |

February 20, 2025

Mint Chennai

IN-SPACE Launches $58 Million Fund to Back Spacetech Cos

Indian National Space Promotion and Authorisation Centre (IN-SPACE) on Wednesday launched a ₹5 billion ($57.58 million) fund to help early-stage space technologies go commercial and reduce reliance on imports as India seeks to boost its market share in the global space industry.

1 min  |

February 20, 2025

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