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Mint Kolkata

NRI tax mismatch: What's your next step?

In FY24, I, an NRI, earned capital gains on mutual funds (switch in and switch out), which I didn't report in my return. I received an email from the income tax department about the mismatch between my return and the AIS/TIS.

1 min  |

January 07, 2025

Mint Kolkata

Wartime risk takers shield $830 mn daily trade amid threats

Shipping insurance is offered in London since 1680s, yet the business of selling war cover is now peaking

2 min  |

January 07, 2025

Mint Kolkata

Competitiveness Is The Key To Our Future

Uday Kotak on protectionism, Donald Trump, private capex, Indian fintechs, scams and scandals

9 min  |

January 07, 2025

Mint Kolkata

Hidden costs of buying property: Taxes and fees you just can't avoid

The true cost of homeownership goes beyond the price tag, with taxes, cess and legal fees adding to the expense

4 min  |

January 07, 2025

Mint Kolkata

Mercedes Names New India CFO

German luxury carmaker Mercedes-Benz on Monday said Emrah Ozer has been appointed as its chief financial officer (CFO) for its Indian operations as part of an organisational change in its finance and controlling function effective since 1 January 2025.

1 min  |

January 07, 2025

Mint Kolkata

Brahmaputra dam will not impact water flows to India: China

China on Monday reiterated its plan to build the world's biggest dam over the river Brahmaputra in Tibet near the Indian border, saying the planned project has gone through rigorous scientific verification and will not have any negative impact on downstream countries—India and Bangladesh.

1 min  |

January 07, 2025

Mint Kolkata

SpaDeX docking delayed by 2 days

The docking experiment is crucial for satellite servicing and interplanetary missions.

1 min  |

January 07, 2025

Mint Kolkata

Akzo Nobel aims to sell R&D operations

The sale is to be made to a separate indirect wholly-owned arm, Akzo Nobel NV.

1 min  |

January 07, 2025

Mint Kolkata

'Pernod colluded with state retailers'

Indian antitrust investigators raided Pernod Ricard's office in December after finding the French liquor giant colluded with a state's retailers to promote its whisky brand and ignore a rival's, according to a government document seen by Reuters.

1 min  |

January 07, 2025

Mint Kolkata

SGL32 issues NCDs to raise ₹2,450 cr

Power transmission solution provider Sterlite Grid 32 Ltd (SGL32) on Monday announced securing ₹2,450 crore through listed non-convertible debentures (NCDs) to refinance its Mumbai Urja Marg Ltd project.

1 min  |

January 07, 2025

Mint Kolkata

Institutional Funds in Housing Up 46%

India's housing market attracted an institutional investment of $1.15 billion last year; it was 46% higher annually, as investors looked to encash strong demand for residential properties, according to real estate consultant Colliers India.

1 min  |

January 07, 2025

Mint Kolkata

ArcelorMittal SA to close long-steel biz

ArcelorMittal South Africa Ltd will close its business that makes long-steel products, potentially affecting about 3,500 jobs.

1 min  |

January 07, 2025

Mint Kolkata

Titan expects 24% rise in Q3 revenue

Titan Co. said on Monday it estimated a 24% rise in third-quarter revenue, buoyed by domestic festival demand for jewellery.

1 min  |

January 07, 2025

Mint Kolkata

Canada's Trudeau may quit this week

Justin Trudeau is expected to announce his resignation as leader of Canada's Liberal Party this week, the Globe and Mail reported, a move that would trigger a contest to replace him as prime minister.

1 min  |

January 07, 2025

Mint Kolkata

Centre raises alarm on adverse reaction of beta blocker drugs

This is important as doctors widely prescribe the beta blocker medication

1 min  |

January 07, 2025

Mint Kolkata

U.S. to ease aid restrictions for Syria in limited show of support for new government

The Biden administration plans to announce Monday it is easing restrictions on humanitarian aid for Syria, a move to speed delivery of basic supplies without lifting sanctions that block other assistance to the new government in Damascus.

2 min  |

January 07, 2025

Mint Kolkata

Israel's Red Sea conundrum: Hit the Houthis or Iran

Over the past year, Israel's military has proved adept at taking down threats to the country's security.

5 min  |

January 07, 2025

Mint Kolkata

Intel's chips are down. Its problems are even worse than you've heard

AMD and others are making huge inroads into Intel's bread-and-butter business of making the world's most cutting-edge central processing units

2 min  |

January 07, 2025

Mint Kolkata

Studios Tap OTT Creators Amid Box Office Slowdown

Such deals are good for business as production houses are cash-starved and new-age firms seek recognition

1 min  |

January 07, 2025

Mint Kolkata

Reliance takes on Tata, PepsiCo with ₹10 Raskik hydration drink

RCPL forays into the hydration segment with the launch of ₹10 Raskik Gluco Energy drink, eyes mass market

2 min  |

January 07, 2025

Mint Kolkata

Urban slump hits FMCG firms

FMCG growth slows in Q3 as price hikes, weak winter, urban demand weigh on results, despite rural resilience.

2 min  |

January 07, 2025

Mint Kolkata

Nippon, US Steel Sue Biden Order Blocking Acquisition

Image shows 'Biden's order blocked $14.9 bn buyout of US Steel.' as drophead text which was missed in extraction

1 min  |

January 07, 2025

Mint Kolkata

Wipro veteran quits for CEO role at smaller firm

A senior Wipro Ltd executive overseeing a third of the company's business has resigned to become chief executive of a US-based fintech firm, marking another high-profile exit from India's fourth-largest IT services company.

1 min  |

January 07, 2025

Mint Kolkata

Kidfluencers on a Timeout as Rules Force Industry Rethink

Draft personal data rules turn brands hesitant to partner with underage influencers

2 min  |

January 07, 2025

Mint Kolkata

Disney's Hulu + Live TV biz to merge with smaller rival Fubo

Walt Disney Co said on Monday it would merge its Hulu + Live TV business with smaller rival FuboTV in a deal that also potentially clears the way for the launch of its sports streaming venture with Fox Corp. and Warner Bros Discovery.

1 min  |

January 07, 2025

Mint Kolkata

NCLAT to hear Meta's plea against CCI fine

CCI asked Meta to pay ₹213 crore fine for abusing its dominant position in relation to the 2021 policy update of WhatsApp

1 min  |

January 07, 2025

Mint Kolkata

SC shifts e-comm cases to Karnataka HC

The Supreme Court has transferred to the Karnataka High Court (HC) all petitions challenging the Competition Commission of India's (CCI's) probe into alleged anti-competitive practices by e-commerce giants Amazon and Flipkart.

2 min  |

January 07, 2025

Mint Kolkata

India Inc raises vigil as HMPV cases rise in Asia

Health ministry will increase testing for HMPV as precautionary measure

2 min  |

January 07, 2025

Mint Kolkata

Morgan Stanley Lowers Hopes for India Bond Inflows

Foreign ownership of FAR bonds increased from 3.5% to 6% of the outstanding amount in 2024

1 min  |

January 07, 2025

Mint Kolkata

For RBL Bank, credit cost is more important than growth

RBL Bank stock lost 40% of its value in 2024, and that had very little to do with the growth in advances and deposits. Instead, it was all about the asset quality issues.

1 min  |

January 07, 2025