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Mint Bangalore

Mint Bangalore

Powell Says Fed Doesn't Need to Rush on Rate Cuts

Fed chair outlines paths for 2025: Hold rates if inflation doesn't improve or cut if economy slows more sharply

3 min  |

February 13, 2025

Mint Bangalore

America's Most Famous Stock-Market Measure Is More Broken Than Usual

The Dow has always been flawed, but it held on to its status as the iconic gauge of American stocks because a mix of luck and design meant it mostly matched the broader market. No longer.

2 min  |

February 13, 2025
Mint Bangalore

Mint Bangalore

Will RBI's New Move Secure Global Online Transactions?

RBI proposes additional factor authentication to secure international CNP transactions

2 min  |

February 13, 2025
Mint Bangalore

Mint Bangalore

India, France unveil road map for AI, nuclear partnership

Two sides to work on developing safe, secure AI and building modular n-reactors

2 min  |

February 13, 2025
Mint Bangalore

Mint Bangalore

Greenpac's review plea in HNGIL case

Sanitary ware and glass container manufacturer AGI Greenpac sought a review of the Supreme Court's January ruling that quashed the approval of AGI's resolution plan for the bankrupt Hindusthan National Glass & Industries Ltd (HNGIL), citing failure to get prior permission from the Competition Commission of India (CCI).

1 min  |

February 13, 2025
Mint Bangalore

Mint Bangalore

IOCL, BPCL to sign LNG purchase deals with Adnoc

Two of India's biggest state-run oil companies will this week sign agreements to buy liquefied natural gas (LNG) from Abu Dhabi National Oil Co., (Adnoc) as the world's most populous nation looks to secure long-term supplies to meet growing energy demand.

1 min  |

February 13, 2025
Mint Bangalore

Mint Bangalore

US court puts on hold trial in Cognizant-L&T bribery case

Move follows US prez's executive order halting enforcement of Foreign Corrupt Practices Act

2 min  |

February 13, 2025
Mint Bangalore

Mint Bangalore

SC Extends Danny Gaekwad's Religare Bid Window

The Supreme Court Tuesday permitted US-based Digvijay 'Danny' Gaekwad to deposit ₹600 crore by Thursday 2 pm in an account designated by Reserve Bank of India (RBI).

1 min  |

February 13, 2025
Mint Bangalore

Mint Bangalore

MF investors pivot to safety of large-cap stocks

So far this month, Nifty and Sensex are down 2% each, while small- and mid-caps have both lost about 6%

1 min  |

February 13, 2025

Mint Bangalore

Business schools see placements pick up this year

Median pay had stagnated or, in some cases, even dipped for the batch of 2024 versus the one that graduated in 2023.

3 min  |

February 13, 2025

Mint Bangalore

Torrent buys stake in Gujarat Titans

Healthcare and energy conglomerate Torrent Group on Wednesday announced acquisition of a majority stake in Indian Premier League (IPL) franchisee, Gujarat Titans, for an undisclosed sum, marking the Ahmedabad-based firm's foray into the sports sector.

1 min  |

February 13, 2025

Mint Bangalore

The West Must Act Fast to Tackle the AI Crisis It's Facing

It Needs to Get Its Act Together on Multiple Fronts, State Involvement Included, to Stay Ahead of China

3 min  |

February 13, 2025

Mint Bangalore

Energy to be strong component of India-US ties, says oil minister

With prime minister Narendra Modi set to meet US president Donald Trump, petroleum and natural gas minister Hardeep Singh Puri said energy will continue to be a very strong component of the India-US relationship and he is hopeful about the bilateral energy issue figuring in the prime minister's deliberations.

1 min  |

February 13, 2025

Mint Bangalore

Low input costs, truck demand lift Leyland's Q3 profit

Ashok Leyland, India's second-largest maker of commercial vehicles, beat Street estimates to post its highest-ever profit for the December quarter on the back of lower input costs and a resurgence in demand for trucks during the quarter.

1 min  |

February 13, 2025

Mint Bangalore

NIIF Plans $2 Billion Pvt Credit Venture

India's quasi-sovereign fund is looking to raise as much as $2 billion in its latest private credit fund, chief executive officer Sanjiv Aggarwal said Wednesday, amid rising investor demand for high-yielding debt.

1 min  |

February 13, 2025

Mint Bangalore

ChatGPT Didn't Use India Media to Train

OpenAI is seeking to stop Indian media groups, including those of Gautam Adani and Mukesh Ambani, from joining a copyright lawsuit against the US company, saying it does not use their content to train ChatGPT, a legal filing seen by Reuters shows.

1 min  |

February 13, 2025

Mint Bangalore

Select Wins in Mumbai Realty

On solid ground

2 min  |

February 13, 2025

Mint Bangalore

New norms on fees for IAs, RAs likely

Sebi seeks to reassess the period for which these professionals can collect advance fees.

1 min  |

February 13, 2025

Mint Bangalore

We need a robust framework for climate governance

Comprehensive legislation and a cohesive frame of governance can close gaps and speed up climate progress

3 min  |

February 13, 2025

Mint Bangalore

SoftBank Swings to a Loss Ahead of Big AI Bet with OpenAI

SoftBank Group Corp. tumbled to a loss in the December quarter, weighed down by a drop in the value of the Vision Fund's public holdings, just as Masayoshi Son campaigns to raise $500 billion for the Stargate artificial-intelligence project.

2 min  |

February 13, 2025

Mint Bangalore

PFC Q3 profit rises 23% to ₹7,760 crore

State-owned Power Finance Corp. on Wednesday posted an over 23% rise in its consolidated net profit to ₹7,759.56 crore in the December quarter compared to a year ago, mainly on the back of higher revenues.

1 min  |

February 13, 2025

Mint Bangalore

US firm Enfabrica starts India ops

S-based fabless semiconductor company Enfabrica Corp. on Wednesday announced the start of its India operations with a new office and research and development (R&D) facility in Hyderabad.

1 min  |

February 13, 2025

Mint Bangalore

SC probes Sahara's Versova land sale rights

The Supreme Court (SC) on Wednesday sought a response from the Maharashtra government on the environmental status of debt-ridden Sahara Group's 106-acre Versova land in Mumbai.

1 min  |

February 13, 2025

Mint Bangalore

Jubilant Q3 profit drops 35%, hurt by rising costs

India's Jubilant Foodworks reported a nearly 35% fall in quarterly profit on Wednesday, with Domino's Pizza franchise's margins dented by higher expenses amid accelerated store expansion and elevated food costs.

1 min  |

February 13, 2025

Mint Bangalore

Retail inflation at five-month low in Jan

The Index of Industrial Production rose 3.2% in December, down from 5% the previous month

2 min  |

February 13, 2025

Mint Bangalore

Nykaa's challenges: Revive fashion biz, improve margins

The re-entry of Singapore-based Shein is expected to increase competition in India's fashion market.

1 min  |

February 13, 2025

Mint Bangalore

Foxconn ready to buy Renault stake

The head of Taiwan's Foxconn said on Wednesday it was open to buying French auto giant Renault's stake in Japan's Nissan after reports last year said it had made an approach for the company.

1 min  |

February 13, 2025

Mint Bangalore

Macquarie joins Wall Street-led exodus from climate alliance

Macquarie Group Ltd, a major backer of global renewable energy and green investments, has joined banks in the US and elsewhere in quitting the finance sector's top climate alliance.

1 min  |

February 13, 2025

Mint Bangalore

Maaza becomes billion-dollar brand

Maaza, a desi mango fruit-based drink owned by Coca-Cola, has touched the milestone of becoming a billion-dollar brand in 2024, its chairman and chief executive officer James Quincey has said.

1 min  |

February 13, 2025

Mint Bangalore

NHA Plans U-WIN Integration With Immunity Scheme

The National Health Authority (NHA) has asked the health ministry to integrate the Universal Immunization Win (U-WIN) platform with the Unified Health Interface (UHI).

1 min  |

February 13, 2025