WhatsApp Financial News
17.10 / 18:53
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Cap goods cos steaming ahead
₹412,648 crore as of June end, with international orders having a share of 29%. As such, investors will have to gauge the impact of the Israel-Hamas war on the companies engaged with the Middle East.
17.10 / 18:53
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ICICI Prudential Life Q2 results: Profit rises 23% to ₹244 crore
₹244 crore in the quarter ended in September 2023 despite lower income. The company's net profit in the same quarter a year ago stood at ₹199 crore.
17.10 / 18:53
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Boult Audio plans PE fundraising in FY25
NEW DELHI : India’s second largest hearables maker Boult Audio is looking to tap the private equity markets in FY25 to raise funds by divesting up to 15%, to expand its footprint in international markets and contract manufacturing capacities. “We will look at capital from private equity next year... we may look at offloading a stake anywhere between single digit to early teens.
17.10 / 18:09
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Govt may amend pension scheme
₹2.34 trillion. What makes the old pension scheme adopted by many states politically attractive is that it offers an assured benefit to the retiree, fixed at 50% of the last drawn basic pay.
17.10 / 18:09
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World Cup 2023: Netherlands stun high-flying South Africa, win by 38 runs
DHARAMSALA : The Netherlands caused a stunning upset by beating South Africa by 38 runs in a rain-shortened match to inflict a first defeat on the Proteas in the ongoing 50-overs World Cup in Dharamsala on Tuesday. Beaten in their previous two matches, the plucky Dutch side overcame a top-order collapse to post a competitive 245-8 in the 43-overs-a-side contest. Scott Edwards smashed a captain's knock of 78 not out to rescue the Netherlands, who were reeling at 82-5 in the 21st over but went on to post a decent total.
17.10 / 18:09
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Newsclick case: Neville Roy Singham rejects allegations of funding, claims NYT article influenced by misinformation
Newsclick case: Millionaire Neville Roy Singham, who was accused of spreading China's propaganda in India in the Newsclick case that saw founder Prabir Purkayastha get arrested, has rejected all allegation in a four page rebuttal published on The Hindu. The Delhi Police has named Singham as as one of the accused in the Newsclick terror case. Singham has issued a rebuttal citing the New York Times artiocle that first brought attention to Newsclick.
17.10 / 17:51
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ICC World Cup: PCB complains to ICC over 'inappropriate' conduct towards Pakistan players during Ind vs Pak clash
ICC World Cup 2023: Pakistan Cricket Board on Tuesday filed a complaint with the International Cricket Council (ICC) over the inappropriate conduct of the Pakistan cricket team during the India vs Pakistan match at Narendra Modi Stadium, Ahmedabad. The complaint comes as some videos were doing rounds on social media where the crowds in Ahmedabad Stadium were seen as a bit unfriendly to the Pakistan team.
17.10 / 17:51
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Woman rides bike dressed as Zomato delivery executive, CEO reacts: ‘Nothing wrong in women delivering food but…’ | Watch
delivering food - we have hundreds of women who deliver food everyday to earn a livelihood for their families, and we are proud of their work ethic," Deepinder Goyal said in a post on X. Exciting news! Mint is now on WhatsApp Channels. Subscribe today by clicking the link and stay updated with the latest financial insights! Click here! The video is viral on social media and has accumulated more than 2.3 million views.
17.10 / 17:51
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‘Ten of 14 Lightbox cos to clock profit in 1 year’
Mumbai: Lightbox India Advisors Pvt. Ltd expects 10 out of its 14 portfolio companies in India to turn profitable over the next year, a top executive at the venture capital firm said. The company, which entered India in 2014 by acquiring six portfolio firms of venture firms Kleiner Perkins Caufield & Byers (KPCB) and Ram Shriram-led Sherpalo Ventures, has raised $450 million across three funds over the last decade and has backed the likes of Dunzo and Rebel Foods.
17.10 / 17:51
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IRM Energy IPO: Firm mobilises ₹160 crore from anchor investors ahead of issue
IRM Energy IPO: IRM Energy has raised ₹160.35 crore from anchor investors a day ahead of its IPO subscription opening for bidding. IRM Energy initial public offering (IPO) will open for subscription on Wednesday, October 18 and close on Friday, October 20.
17.10 / 17:51
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What to expect from US President Biden's visit to Israel amid war with Hamas?
US Secretary of State Anthony Blinken, and later in nan official statement from White House said that US President Joe Biden will visit Israel Wednesday in a show of "ironclad" support. The statement also noted that Washington is trying to prevent the escalating war against Hamas in Gaza from spilling into a wider West Asia conflict.
17.10 / 17:51
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CAIT estimates ₹4.25 trillion business from 23 days of Indian wedding season
₹4.25 trillion in just 23 days of this year's Indian wedding season. In the period between November 23 and December 15, around 3.5 million weddings are expected to be held, as per a survey conducted by CAIT Research & Trade Development Society.
17.10 / 16:17
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Nepal engulfed in China's debt trap over Pokhara airport deal: Report
Chinese companies, had finally become operational. However, beneath the surface of this grand opening lay a complex and unsettling reality - one that highlighted China's controversial infrastructure influence and its geopolitical rivalry with India, The New York Times reported.
17.10 / 16:17
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Award-winning Palestinian author's event cancelled at Frankfurt Book Fair; open letter condemns move
Minor Detail, which highlights the alleged atrocity committed by Israeli military personnel against a Bedouin girl in 1949. Track latest updates of Israel-Palestine war The decision to celebrate Shibli, and to hold panel discussions featuring her, was cancelled by Litprom following the October 7 attack by Hamas fighters at locations in southern Israel. Also, the author's work has also drawn “anti-Semitism" allegations from some corners.
17.10 / 15:41
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Supreme Court to hear petitions challenging its order upholding PMLA provisions tomorrow
Supreme Court judgment delivered on 27 July 2022 examined the validity of the PMLA in its entirety. “In that matter, ultimately we will finalize the nitty-gritty on whether the earlier bench of three judges covered all provisions or something has to be addressed," a bench led by Justice Sanjay Kishan Kaul said in September while fixing the date for the hearing. Exciting news! Mint is now on WhatsApp Channels.
17.10 / 15:41
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Is it advisable to draft separate wills for each of my properties?
As part of estate planning and distribution of my assets, I would like to understand the options available for creating separate wills for each property that I own. Are there any benefits or drawbacks associated with this approach? —Name withheld on request Though you can create multiple wills for multiple assets, it will create immense confusion between the beneficiaries and the distribution of the assets. Further, managing multiple wills can be complex and may require additional legal and administrative effort.
17.10 / 15:41
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I-T Dept moves Bombay HC against tribunal order in favour of LIC in ₹4,993 crore tax disputes
₹4,993 crore. The issue is related to two tax dispute cases pertaining to amounts of ₹1,838.8 crore and ₹3,153.9 crore, respectively. Both the cases are related to assessment year 2013-14.
17.10 / 15:41
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Bajaj Finance trims exposure to ‘imprudent borrowers’ in rural, urban areas
₹50,000 and in ₹800,000-plus," said Jain. The total assets under management (AUM) of the segment at an industry level, Jain said, grew from ₹7.5 trillion in FY20 to ₹13.5 trillion in FY23. “What it principally says is that at an industry level, 93.73% of the total balances of the ₹7.5 trillion used to be current (being regularly repaid) in FY20.
17.10 / 15:41
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Rahul Gandhi rides pillion, takes part in padayatra: 10 points of Congress leader's visit to poll-bound Mizoram
Rahul Gandhi was seen riding pillion on a two-wheeler taxi in state capital Aizawl on Tuesday and hailed the much-talked-about traffic discipline in the northeastern state. While returning from Lal Thanhawla's residence, he rode pillion on a two-wheeler taxi, state Congress media cell chairman Lalremruata Renthlei told news agency PTI.
17.10 / 15:41
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Why investors need to redesign their retirement distribution strategies
Dilshad Billimoria is founder, Dilzer Consultants Pvt. Ltd, a Sebi- registered investment Adviser "Exciting news! Mint is now on WhatsApp Channels
17.10 / 14:53
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Israel-Hamas War: Google CEO Sundar Pichai faces social media ire over silence on Palestine
Israel-Hamas War: As Israel Defence Forces (IDF) continue its retaliatory airstrikes against Hamas targets in Gaza and the Palestinian death toll rises, Google CEO Sundar Pichai is finding himself in the middle of a social media storm. Sundar Pichai is facing some ire online for condemning Hamas's attack on Israel, but not speaking anything on the plight of innocent Palestinians killed in Gaza. "CEO of my former employer Google @sundarpichai has posted twice about events in Palestine in the past week.
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