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Mint Kolkata

Adani Green exits projects in Sri Lanka

Adani Green Energy Ltd won't build two wind power projects in Sri Lanka after the new government sought lower tariffs, the latest setback to the Gautam Adani-led conglomerate's overseas ambitions.

1 min  |

February 14, 2025

Mint Kolkata

A Future-Ready Tax Bill: Fewer Rules, Simpler Language and a New Tax Year

The new tax bill and charter aim to bring reforms rooted in both transparency and justice

3 min  |

February 14, 2025

Mint Kolkata

Modi in Washington DC for a bilateral meeting with Trump

Prime minister discusses India-US ties with intelligence chief Tulsi Gabbard

1 min  |

February 14, 2025

Mint Kolkata

Tax relief in budget for middle class, not rich: FM

Finance minister Nirmala Sitharaman on Thursday defended the tax relief measures in the Budget, emphasizing that they primarily benefit middle-income earners.

1 min  |

February 14, 2025

Mint Kolkata

GAIL to exit US - shale venture

State-owned gas utility GAIL (India) Ltd plans to exit its shale gas venture in the US, following in the footsteps of Reliance Industries Ltd and Oil India Ltd.

1 min  |

February 14, 2025

Mint Kolkata

Fantasy sports may see 10% revenue dip

Fantasy sports in India may be in for a rough season. The industry may see a 10% year-on-year decline in revenue for FY25 amid the changes in tax policy, according to Deloitte India and the Federation of Indian Fantasy Sports.

1 min  |

February 14, 2025

Mint Kolkata

Karnataka MFI ordinance isn't that bad, but industry is still worried

The new ordinance notified by the Karnataka government to regulate microfinance loan recoveries may have come as a relief to non-bank microfinance companies regulated by the Reserve Bank of India (RBI), but experts warn that collections could get impacted in the next two quarters.

2 min  |

February 14, 2025

Mint Kolkata

Income tax bill tabled; FM seeks review by LS panel

Legislation gives priority to simplicity, clarity, reduction in litigation arising from complexity

2 min  |

February 14, 2025

Mint Kolkata

Pristyn Care grapples with exits, cash crunch

The firm became a unicorn in 2021 after raising $100 million in Series E

2 min  |

February 14, 2025

Mint Kolkata

The impossible trinity is getting the better of us

Only when Indian markets mature enough to grant us the luxury of full capital account convertibility and a freely floating rupee will we truly gain monetary policy independence

2 min  |

February 14, 2025

Mint Kolkata

JioCinema, Disney+ OTT apps merge

JioStar, the joint venture owned by Mukesh Ambani's Reliance Industries Ltd and the Walt Disney Company, has set ambitious goals for its video streaming business as it sets to merge the two OTT apps—JioCinema and Disney+ Hotstar—into a new single OTT platform, Jio-Hotstar today (14 February).

1 min  |

February 14, 2025

Mint Kolkata

Russian bitcoin exchange co-founder to be freed in deal for American's release

The Russian co-founder of a popular bitcoin exchange will be released from U.S. custody Wednesday, a day after a deal between Washington and Moscow freed American Marc Fogel, a U.S. official said.

4 min  |

February 14, 2025

Mint Kolkata

Tata Steel Set To Tap Bond Mkt After 1 Yr

Tata Steel is set to tap the corporate bond market after a gap of nearly one year, two people familiar with the matter said on Thursday.

1 min  |

February 14, 2025

Mint Kolkata

Domestic demand saves the day for SAIL in Dec quarter

Steel Authority of India Ltd's (SAIL) shares have risen 9% in the past two trading days as the Q3FY25 results did not disappoint in an otherwise weak market for metal stocks.

1 min  |

February 14, 2025

Mint Kolkata

Hindalco beats Q3 profit view

Hindalco Industries, one of India's largest aluminium and copper producers, reported a better-than-expected third-quarter profit on Thursday, helped by higher aluminium prices.

1 min  |

February 14, 2025

Mint Kolkata

Road execution to decline in FY26: Icra

The lower execution is on account of lower awarding by the roads ministry in the past two financial years

1 min  |

February 14, 2025

Mint Kolkata

PV Dispatches to Dealers Up 1.6% in January

Passenger vehicle (PV) dispatches from factories to dealers increased 1.6% year-on-year in January at 399,386 units, aided by robust demand for utility vehicles, Society of Indian Automobile Manufacturers (SIAM) said.

1 min  |

February 14, 2025

Mint Kolkata

AI is taking a K-shaped path that opens up opportunities for India

We should focus on cost-efficient AI that democratizes access and offers population-scale solutions

3 min  |

February 14, 2025

Mint Kolkata

Alibaba Wins Prized Role Powering AI on iPhone in China

Apple Inc.'s iPhones will use Alibaba Group Holding Ltd.'s artificial intelligence (AI) technology, the Chinese firm's chairman said, affirming reports the e-commerce pioneer had scored a coveted role in helping power the iPhone in the world's top mobile arena.

1 min  |

February 14, 2025

Mint Kolkata

HC bars Adyar Gate from 'Dakshin'

In a relief for ITC Ltd, the Delhi high court on Thursday restrained Chennai-based Adyar Gate Hotels Ltd from using the name and trademark \"Dakshin\" for their standalone restaurant.

1 min  |

February 14, 2025

Mint Kolkata

Imagicaaworld to raise ₹345 crore

The board of Imagicaaworld Entertainment Ltd, an amusement and water park operator owned by Maharashtra-based Malpani Group, has approved a proposal to raise ₹345 crore through a preferential issue of a mix of equity and warrants at ₹73.50 apiece.

1 min  |

February 14, 2025

Mint Kolkata

Nissan and Honda ditch $60 bn merger talks, face uncertainty

Nissan and Honda ended merger talks to forge a $60 billion car company on Thursday, pitching Nissan deeper into uncertainties and highlighting the pressure on the legacy automakers from Chinese rivals upending the industry.

1 min  |

February 14, 2025

Mint Kolkata

Can you say no to EPF? If so, how?

However, the decision to opt out could impact retirement savings, tax-free benefits, insurance coverage and your employer's matching contribution

4 min  |

February 14, 2025

Mint Kolkata

Comfortable near $70-a-barrel crude

The current situation is good; if it comes down from $73-74 per barrel, it's even better. Hardeep Singh Puri Union minister for petroleum and natural gas

2 min  |

February 14, 2025

Mint Kolkata

Saluja no longer director: Religare

Religare Enterprises Ltd on Thursday said its executive chairperson Rashmi Saluja ceased to be director on its board as she did not get approval from shareholders for her reappointment.

1 min  |

February 14, 2025

Mint Kolkata

Draft bill sets stage for entry of foreign law firms into India

Proposed changes give Centre overriding powers over Bar Council of India; restrict strikes

2 min  |

February 14, 2025

Mint Kolkata

How to Prepare for Retirement in a World of Increasing Life Expectancy

Financial independence, retire early (FIRE) trend is sweeping social media, with some aiming to retire by 40. This assumes a stable standard of living post-retirement, investments covering all expenses for 40-50 years, and sacrificing the two highest-earning decades (ages 40-60)—a risky move due to rising life expectancy.

2 min  |

February 13, 2025
Mint Kolkata

Mint Kolkata

Blackstone, two others eye 51% in Gland Pharma

Global private equity firms Blackstone, Brookfield and Warburg Pincus are in talks to acquire a majority stake in Hyderabad-based Gland Pharma Ltd from China's Shanghai Fosun Pharmaceutical Co. Ltd in a deal expected to value the firm at nearly $3 billion, three people with knowledge of the development said.

2 min  |

February 13, 2025
Mint Kolkata

Mint Kolkata

I Recently Received a ₹50 Lakh Windfall. How Should I Invest It?

I'm 40 and received a ₹50 lakh windfall. My portfolio is 60% equity mutual funds, with gold and FDs.

1 min  |

February 13, 2025
Mint Kolkata

Mint Kolkata

Prudential Plc eyes listing of ICICI Prudential AMC

AMCs were investor favourites during the bull run, but the recent market correction has flipped the script

1 min  |

February 13, 2025