Business News Today: Read Latest Business News, Live India Share Market News, Finance & Economy News | Mint (2024)

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Crude View: D-Street pegs Brent at $75-80, Morgan Stanley cuts forecast by $5 SEMICON India 2024 fuels rally among chip stocks: RIR Power, ASM Tech surge 5% Ayushman Bharat to now cover those above 70 years: Modi 3.0’s Cabinet decisions ‘Ghar-wapsi of…’: Nithin Kamath lauds govt move to fast-track ’reverse flipping’ Tolins Tyres IPO subscribed 23.89 times on final day; check details here Mamata Banerjee dismisses protesting medics precondition for talks 9/11 Terror Attacks: Looking back at the ‘1 hour and 40 minutes’ that haunts US Are textile stocks hanging by the thread of optimism? Received a TDS mismatch notice? It could be an error—here’s how to resolve it News Asset Managers Are Now Investing in Once-Shunned Nuclear Stocks Trump trades roiled after fiery debate as investors weigh chance of Harris success RTX CEO does not see ’transformative’ deals, open to pruning business ‘Monday Night Football’ Ratings Shrink With Loss of DirecTV Trending In News The Micromax trap: Why Noise, Fire-Boltt, boAt, and Boult need smart manoeuvres More Premium Stories What the gold rally says about market uncertainty Startup IPOs have made a scorching comeback. Beware the optical illusion Seeking value in ITC and Godfrey Phillips? Tobacco stocks gain momentum in FMCG play RBI pulls up Axis Bank over contests to generate business Are textile stocks hanging by the thread of optimism? Dixon Technologies’ HP deal powers ambitious IT hardware play Raising farmer income is a key priority for India Biryani boom drives surge in basmati rice demand across India I Squared, JSW Neo and Macquarie shortlisted to buy O2 Power in $1-billion deal WeWork, Simpliwork, Table Space firm up IPO plans on investor interest in coworking companies Automakers gear up for a crucial test of sentiment this festive season Apple’s iPhone 16 ignites record-breaking anticipation in India for festive quarter SBI Card: Competition from personal loans a drag on interest spreads Diet dilemma: Why India struggles to eat right Mint Primer: Is the iPhone 16 launch really a seminal moment for generative AI? India Inc enlists law firms to help with return to office, shrinking space for WFH, shirkers Mint Primer | Private consumption returns, boosted by rural demand ChrysCapital will increasingly focus on B2B enterprise tech, says MD Akshat Babbar InMobi’s consumer bet is working; Glance profitability in sight, IPO may be next Call waiting: How Vodafone Idea can claw its way back Godrej Consumer is making the right moves, but the positives are priced-in for now Data dive: Can India overcome the cycle of sexual violence? Risk, reward, and relentlessness: Why young Indians keep trading despite losing money Mint Primer: Why car sales have hit a festive speed-breaker Heavy showers could rain on agrochemical firms’ parade in Q2 Is Aditya Birla’s new Income Suraksha Plan worth it? Exploring monthly income in term insurance ‘Normal monsoon, likely rate cut to support market’ Bernstein’s 10-stock India model portfolio got a critical update. Here’s the lowdown. LLM chatbots, search engines will co-exist, says Google’s Raghavan Know the 5 stocks India’s Warren Buffetts are hoarding Centre identifies more than 20 countries for space startup opportunities Hexaware IPO listing: A second coming What ‘growth phobic’ Sundaram Finance can learn from Eliud Kipchoge How to obtain a Dubai Golden Visa through real estate investment Selfies for subsidies? Govt wants to put its mark on EV discounts UPS could give states fiscal respite, but pensions still fraught with challenges Manu Joseph: Why Indian cities may be doomed to remain unliveable The diplomats who built India’s foreign policy How restaurants and bars plan playlists From ‘dirty Indian’ to titan of industry: The rise of Gujarmal Modi Plan to invest directly in bonds? Beware these risks or you could lose it all. Chart beat: What higher gold prices mean for Titan Affordable housing financiers’ stocks soar amid strong demand for Bajaj Housing’s IPO Hot delivery: Swiggy is readying an IPO surprise for Instamart Broken dams, crippled plants: Climate calamities hike insurance costs for hydropower firms Promoters keen to guard equity are turning to private credit before IPOs Blockchain startups perk up after govt unveils national framework IPO-bound MobiKwik bets on lending, financial planning to boost margins Social media influencers may see up to 70% uptick in brand deals this festive season The week in charts: GDP forecast, Adani shopping list, ₹250-SIP SME IPO frenzy: The red flags that investors shouldn’t ignore The NRI’s guide to choosing the right kind of account to invest in Indian stocks Mint Explainer: Sebi’s Madhabi Puri Buch and the fuss over her ICICI payouts Tax overload: India’s middle class is hurting because of inequitable taxation India’s economy needs moderate corporate taxes to prosper Sebi chair Buch worked at ICICI and a PE firm between 2011 and 2013 In the resale market, EVs are doing better. But that’s only half the story Freebies for doctors have gone on for too long. Now, the govt is clamping down Mint Primer: Why India is now a ‘transparent’ property market Bengal: Mamata Banerjee, who wrote the book on protests, faces her biggest test The coming battle over festive sales: E-commerce versus quick commerce More than half the highways sanctioned in FY25 are in NDA allies-ruled AP and Bihar, plus poll-bound Maharashtra Domino’s to Wow! Momo roll out in-store offers as deliveries gobble up footfalls Centre urges space startup collaborations to build scale, boost revenue Five life lessons from a Bruce Springsteen concert Aadhar Housing Finance may continue to outpace industry growth Consumption data exposes the depths of India’s caste divide Inside Adani Group’s first bond issue for retail investors Pernod Ricard puts up Imperial Blue whisky for sale Paralympians are scaling new highs, and technology is lending a helping hand Why HDFC Bank turned down MUFJ’s overtures on HDB Financial Mint Primer | ₹250 per month: The idea behind a brand new SIP Why this class of companies is waiting for more corporate failures Navratna status powers NHPC, but project delays cast a shadow Theobroma sale: Marquee private equity firms place binding bids Cube Highways front-runner for NIIF’s Athaang Infra road assets in ₹4,000 crore deal Equity returns: How much should you really expect? Audit quality is a bigger concern than market concentration This seasonal trade could work wonders. All it needs is an X factor. Do you have it? ICICI Bank has staged an amazing turnaround. Is it overvalued now? Green power projects of around 30 GW in limbo, as industry awaits uniform tariffs Crisis consultants in demand as regulatory run-ins rise Mint Primer: Are ghost jobs spooking the job hunt for Indians? Buy now, pay how? Inside the worrying surge in India’s household debt India begins pre-consultation meetings for COP29, govt to take call on CBAM levies, says Bhupendra Yadav Centre to make 9 karat gold jewellery hallmarking mandatory in response to high demand fuelled by chain snatchers Indian manufacturers’ confidence has taken a hit. There may be more pain ahead. GDP: How consumers saved the day as government spending slowed during polls Mint Explainer: The pros and cons of a UPI block mechanism from stockbrokers Adani Wilmar is out shopping for three food companies with a billion-dollar wallet Armed with RBI sanction, first fintech self regulator to ramp up enforcement Europe’s carbon border tax sparks a race for green power in India Weather forecast: Stormy skies and lower food prices on the horizon How online betting is staying alive, with celeb endorsem*nts and sports merchandise Hotels eye more room for growth with renovations Centre may more than double cover under flagship life, accident insurance to ₹5 lakh Mint Primer | Strawberry: Can it unlock AI’s reasoning power? ‘If the market is so overpriced, why isn’t it declining?’ Access to Mint Specials Markets Oil recovers 3% from 33-month low after Hurricane Francine instils supply fears Excellent Wires and Packaging IPO subscribed- 1.27 times on day 1; check details Share Samadhan IPO subscribed over 13.63 times on day 3; check details here Crude View: D-Street pegs Brent at $75-80, Morgan Stanley cuts forecast by $5 Market Snapshot Money Factor investing: Unlocking market secrets with value, momentum, and quality Received a TDS mismatch notice? It could be an error—here’s how to resolve it FCNR vs. RFC: Tax benefits on deposit interest for returning Indians Inflows into equity schemes rose 3%, debt funds saw 62% dip in Aug: AMFI data Calculators Trending In Money Trending in Markets Companies Govt launches ₹10,900 cr EV subsidy scheme; fund to secure e-bus payments ‘Ghar-wapsi of…’: Nithin Kamath lauds govt move to fast-track ’reverse flipping’ The rise and fall of a green-energy superstar Kevin Plank broke Under Armour. Can he fix it? Trending In Companies Technology Best GoPro alternatives: Record your adventures with these top action cameras Best chairs: Up to 80% off on these top 10 stylish options with modern features Amazon deals on vacuum cleaners: Save up to 60% on the best vacuum cleaners Best laptop for coding: Top 8 powerful machines for efficient programming Podcasts Economy US inflation hits 43-month low at 2.5%; Wall St lifts 25 bps Fed rate cut bets SC to decide fate of ₹20,000-23,000 crore of tax notices dating back 18 years Does Britain need a National Wealth Fund? A recession signal is flashing red. Or is it? Videos Tata Power’s BIG Plans to Produce Solar Cells, Modules ‘Two Businessmen Control Everything’: Rahul Gandhi Hits Out at Gautam Adani China’s Strategy To Replace U.S., Europe In Africa ‘UK Should Vacate Permanent Seat For India…’: Kishore Mahbubani What Triggered The Great Indian Exodus From The Scandinavian Nation | Explained Industry MG Motor looks to win over EV skeptics: Buy your EVs and batteries separately EIL revives offshore division, targets wind energy projects Govt launches ₹10,900 cr EV subsidy scheme; fund to secure e-bus payments ICAO says Asia-Pacific aviation growth to exceed global rate; seeks safety focus Fuel Price Opinion PM SVANidhi: An idea that lays down a model for marginal vendors to go formal The EV charging business needs to figure out a viable model IPO investing: The challenge is to be a bigger genius than Isaac Newton China’s export thrust is pushing tariffs up across Asia Politics Rahul Gandhi clarifies ‘reservation’ remark amid BJP backlash: ‘Congress will…’ MoEFCC to come up with new playbook to fight forest fires ahead of new season Engineer Rashid vows to fight ’PM Modi’s narrative of Naya Kashmir’ Prime minister Modi calls for international cooperation on green hydrogen Education Punjab promoting English lecturers starts uproar; here’s why UPPBPB UP Police Constable Answer Key 2024 OUT for August 23 exam, know details India sees sharp decline in Canada study permit approvals in first half of 2024 Haryana TET 2024 exam schedule out, registration to begin at bseh.org.in Science Mysterious structures emerge in the galaxy: Check top 5 Milky Way images Life beyond Earth: NASA moves ahead to find a new place for humans to live Skin-care products cause hormonal disruptions in children, say report Elon Musk’s SpaceX launches all-civilian crew for FIRST commercial spacewalk Sports That Olympic break dancer everyone laughed at? She just became the World No. 1. Rohit Sharma’s new ‘1%’ video on Instagram goes viral Greater Noida Stadium’s future of hosting matches depends on Srinath’s report Suryakumar Yadav set to return for Duleep Trophy ahead of Bangladesh Test series Trending In Sports Photos India’s unforgettable T20 World Cup victory celebrations in pictures International Yoga Day 2024: A glimpse of celebrations across the globe In pics: New iPad Pro to Pencil Pro, all announced at Apple Let Loose Event 2024 In pics: BMW i5 all electric sedan launched in India at ₹1.20 Cr, have a look! Web Stories 5 benefits of waking up early in the morning04:06 PM IST 5 easy exercises to try at home02:03 PM IST From digestion to weight loss: 5 health benefits of cayenne pepper01:55 PM IST 5 best walking workouts to lose belly fat01:06 PM IST Planning pregnancy after 35? Here’s what you should know New York Fashion Week: Statement looks from spring-summer 2025 collections Music biopics get creative at the Toronto International Film Festival IFA 2024 highlights: All the tech at play in Berlin Shree Tirupati Balajee Agro IPO: GMP signals a stellar listing on Thursday Stock market today: Nifty 50, Sensex fall 0.5% ahead of US inflation data FPI-favourite penny stock sets board meeting date for fundraise. Details here Mutual Funds: Why have fund houses launched too many sectoral schemes lately? Recommended For You Subscribe to Our Newsletter Trending News

Asset Managers Are Now Investing in Once-Shunned Nuclear Stocks

Fund managers are betting that nuclear energy, an area traditionally off-bounds for investors with environmental mandates, is set to make a comeback.

4 min read12 Sep 2024

Today's Top Story

The Micromax trap: Why Noise, Fire-Boltt, boAt, and Boult need smart manoeuvres

A decade ago, Micromax spotted an opportunity in the mobile handsets business and disrupted the market with affordable products. At its peak, in 2014, it briefly became the largest mobile phone player in India. What happened next has lessons for the current crop of wearables startups.

10 min read

Access to Mint Specials

Oil recovers 3% from 33-month low after Hurricane Francine instils supply fears

Brent crude futures were last up $1.87, or 2.70 per cent, to $71.06 a barrel and the US West Texas Intermediate crude futures last gained $2.05, or 3.12 per cent, to $67.80.

4 min read10:54 PM IST

Market Snapshot

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  • ITC
  • 514.250.16%
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Factor investing: Unlocking market secrets with value, momentum, and quality

Factor investing, once an academic concept, is now key for investors seeking superior returns. Blending value, momentum, and quality helps optimize portfolios across market cycles for long-term gains.

4 min read04:20 PM IST

Govt launches ₹10,900 cr EV subsidy scheme; fund to secure e-bus payments

The Union Cabinet has launched the PM E-Drive Scheme, allocating ₹10,900 crore over two years to boost electric vehicle usage in India. It will support electric two-wheelers, three-wheelers, e-buses, and establish numerous charging stations.

3 min read09:19 PM IST

Best GoPro alternatives: Record your adventures with these top action cameras

Best GoPro alternatives: Explore the best alternatives to GoPro action camera, featuring affordable, durable, and high-performing options perfect for capturing your adventures in stunning quality, whether on the turf or in extreme conditions. Read on.

9 min read09:28 PM IST

US inflation hits 43-month low at 2.5%; Wall St lifts 25 bps Fed rate cut bets

US inflation hits 43-month low at 2.5% YoY in August; Wall Street lifts 25 bps Fed rate cut bets

1 min read09:50 PM IST

Tata Power’s BIG Plans to Produce Solar Cells, Modules

TP Solar Limited, which is the subsidiary of Tata Power Renewable Energy, has commenced the production of solar cells at its manufacturing facility in Tamil Nadu. With this, it becomes India’s largest single location solar cell and module manufacturing plant. Watch!

03:43 PM IST

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MG Motor looks to win over EV skeptics: Buy your EVs and batteries separately

MG has rolled out a battery-as-a-service (BaaS) model for its Windsor EV, which was launched on Wednesday as the first product from the JSW-MG joint venture since it was formalized in March.

3 min read12 Sep 2024

Fuel Price

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Rahul Gandhi clarifies ‘reservation’ remark amid BJP backlash: ‘Congress will…’

Congress MP Rahul Gandhi emphasized that the struggle in India is about religious freedoms, highlighting the rights of Sikhs to wear their symbols. His comments sparked backlash from BJP leaders, accusing him of anti-national statements during his US visit.

2 min read09:54 PM IST

Punjab promoting English lecturers starts uproar; here’s why

Over 300 teachers in Punjab were promoted to English lecturers for classes 11 and 12, but only three have expertise in the language. Most promoted teachers previously taught other subjects, highlighting a shortage of qualified English educators in government schools.

2 min read12:15 PM IST

Mysterious structures emerge in the galaxy: Check top 5 Milky Way images

The Milky Way, a barred spiral galaxy, has been extensively studied by NASA. Infrared images illustrate polarized dust, while X-ray data unveil giant bubble structures and superheated gas.

2 min read04:13 PM IST

That Olympic break dancer everyone laughed at? She just became the World No. 1.

Raygun, whose performance became one of the memes of the Paris Games, found herself top of the breaking world rankings this week due to a series of obscure bylaws from the sport’s world governing body.

3 min read08:21 PM IST

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Planning pregnancy after 35? Here’s what you should know

Choosing to have a baby after 35 is possible but comes with health risks and complications. Here’s an expert take on factors you need to carefully consider before you decide

4 min read03:00 PM IST

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Shree Tirupati Balajee Agro IPO: GMP signals a stellar listing on Thursday

Shree Tirupati Balajee Agro is set to list its shares on September 12, 2024, with the grey market signaling a stellar listing. The IPO attracted substantial interest, with a subscription rate of 124.74 times, showcasing strong demand from both retail and institutional investors.

2 min read04:54 PM IST

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