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Mint Kolkata

Nearly $2 bn earmarked for critical minerals sector

The mines ministry has earmarked nearly $2 billion to develop its critical minerals sector as India aims to secure raw materials such as lithium, according to a person aware of the matter and documents from the ministry.

1 min  |

January 29, 2025

Mint Kolkata

ANI vs OpenAI, starting 21 Feb

The Delhi High Court said on Tuesday that it will begin detailed hearings on 21 February to address the copyright infringement lawsuit filed by ANI Media, a New Delhi-based media company, against OpenAI, the San Francisco-based artificial intelligence research organization.

1 min  |

January 29, 2025

Mint Kolkata

Rupee falls to 86.56 against the dollar

Rupee depreciated 25 paise to close at 86.56 (provisional) against the dollar on Tuesday, as global risk sentiments were dampened amid tariff threats by US President Donald Trump.

1 min  |

January 29, 2025

Mint Kolkata

IGX gets nod for long-term contracts

The Indian Gas Exchange (IGX) announced the launch of long-duration gas supply contracts of 3-6 months, following approval from the Petroleum and Natural Gas Regulatory Board (PNGRB).

1 min  |

January 29, 2025

Mint Kolkata

Bankers bat for job creation, tax incentives in budget 2025

Experts advise PLI scheme for import substitution in pockets where a manufacturing facility could be set up

2 min  |

January 29, 2025

Mint Kolkata

Infra status unlikely for EV charging despite demand

Charging infrastructure is critical in India, where EV adoption is growing rapidly.

2 min  |

January 29, 2025

Mint Kolkata

Budgeting to achieve outcomes: Let 'Pay for results' lead the way

Linking expenditure with outcomes will effect the behavioural shifts India needs and enhance the efficacy of budget outlays

4 min  |

January 29, 2025

Mint Kolkata

US tech curbs and China's AI success hold lessons for us

Technology denial regimes often spur self-reliance, as seen in AI, and India must indigenize advances too

3 min  |

January 29, 2025

Mint Kolkata

JLR seeks $500 mn offshore loan

Jaguar Land Rover Automotive, the British arm of Tata Motors Ltd, is planning to raise $500 million through an offshore loan, according to a company statement, joining a flurry of dollar debt deals from Indian conglomerates.

1 min  |

January 29, 2025

Mint Kolkata

Trump Discusses 'Fair' Trade, Defence Purchases With Modi

Indian prime minister will visit US in February, says US president after phone call

1 min  |

January 29, 2025

Mint Kolkata

Gen Z Drives Demand for Affordable Luxury Section

Gen Z accounts for 20-25% of online lifestyle market, a report by Bain & Co. and Myntra said

2 min  |

January 29, 2025

Mint Kolkata

TDS Challenges: Impact on Small Bond Investors

The 10% TDS on listed bond coupons ensures tax compliance but has added complexity

2 min  |

January 29, 2025

Mint Kolkata

Colgate's profit falls 2.2% to ₹323 cr in Q3

FMCG major Colgate-Palmolive India Ltd (CPIL) on Tuesday reported a 2.22% decline in its net profit to ₹322.78 crore for the third quarter ended December 2024 on account of soft demand in the urban market and a high base of the previous year.

1 min  |

January 29, 2025

Mint Kolkata

Actis nears Stride deal amid renewable boom

Actis signed a $325 million deal to buy Macquarie's green energy platform

3 min  |

January 29, 2025

Mint Kolkata

Lightbox returns a third of its second fund to investors

Venture capital firm expects the fund to generate fivefold returns within 3-4 years

2 min  |

January 29, 2025

Mint Kolkata

Irdai Considers Increasing FDI in Insurance to 100%

The Insurance Regulatory and Development Authority of India (Irdai) is considering increasing foreign direct investment (FDI) in the insurance sector to 100% from 74% now, Deepak Sood, whole-time member of Irdai, said at the Mint BFSI Summit and Awards held recently.

2 min  |

January 29, 2025

Mint Kolkata

Dahlias key to DLF's rosy FY25

Realty firm DLF Ltd's FY25 pre-sales target of ₹17,000 crore was a tall order, as H1FY25 was marred by muted new launches and weak sales in existing projects. But the launch of the uber-luxury \"The Dahlias\" at Golf Course Road in Gurugram Q3FY25 changed everything.

2 min  |

January 29, 2025

Mint Kolkata

Sops, recoveries fuel NTPC's Q3, but execution still crucial

TPC Ltd's consolidated Ebitda surged 20% year-on-year (y-o-y) to ₹13,700 crore in the December quarter (Q3FY25), driven by lower other expenses and slower growth in fuel costs as coal production ramped up.

1 min  |

January 29, 2025

Mint Kolkata

Bitcoin slips below $100k as Chinese AI model rattles mkts

Bitcoin and other cryptocurrencies tumbled as the emergence of a new Chinese artificial intelligence model triggered a global selloff in riskier assets.

2 min  |

January 28, 2025

Mint Kolkata

Return-to-office mandates apply to everyone, except a chosen few

Millions of workers across the country are being given return-to-office marching orders.

4 min  |

January 28, 2025

Mint Kolkata

Videos Generated by Chinese AI Models Have Startled Us All

China's low-cost GenAI breakthroughs signal a will to leap ahead

3 min  |

January 28, 2025

Mint Kolkata

Aviation growth could slow on supply woes, better road infra

The travel and tourism sector is expected to see double-digit growth in the coming years, with both domestic and outbound travel continuing to expand, Rajesh Magow, co-founder and group chief executive of online travel agency MakeMyTrip said.

1 min  |

January 28, 2025

Mint Kolkata

Trump aides want to hit Mexico, Canada with tariffs before talks

The 25% import levy on both the countries could go into place as soon as 1 February

5 min  |

January 28, 2025

Mint Kolkata

Web-show sequels top streaming charts

New seasons of established web franchises like Mirzapur and Kota Factory are topping the charts on video-streaming platforms, mirroring a box-office trend where film sequels such as Stree 2, Gadar 2, and Bhool Bhulaiyaa 3 were big hits.

2 min  |

January 28, 2025

Mint Kolkata

Govt seeks aspirants to head Sebi as Buch's term nears end

The Ministry of Finance's Department of Economic Affairs has invited applications for the post of chairperson of the Securities and Exchange Board of India (Sebi) as the term of the current chair Madhabi Puri Buch is set to end on 28 February.

2 min  |

January 28, 2025

Mint Kolkata

Navigating DTAA rules for foreign income

Can I be considered a non-resident in India for this tax year? If not, what happens to my Dubai salary? Can I take the help of double taxation avoidance agreement provisions?

2 min  |

January 28, 2025

Mint Kolkata

Social Media Debt: Borrowing for the 'Gram

Desperate to look cool, young Indians are taking loans to fund a lifestyle curated for social media

9 min  |

January 28, 2025

Mint Kolkata

JPMorgan Names New Leaders in India

JPMorgan Chase & Co. has promoted two of its most senior dealmakers as co-heads of investment banking in India as the US lender seeks to strengthen its position in the market following the recent departure of Navin Wadhwani.

1 min  |

January 28, 2025

Mint Kolkata

InsuranceDekho Raises Fresh Funds

The startup is also expected to fast-track its IPO plans.

2 min  |

January 28, 2025

Mint Kolkata

Jaishankar embarks on 3-day UAE visit

External affairs minister S. Jaishankar on Monday embarked on a three-day visit to the United Arab Emirates (UAE) to further enhance India's comprehensive strategic partnership with the influential Gulf nation.

1 min  |

January 28, 2025