The move is part of a wider ‘master plan for evacuation of power from hydroelectric plants in the Brahmaputra basin’, a massive ₹6.42 trillion infrastructure project designed by the Central Electricity Authority (CEA) to harness and transmit the vast, untapped hydropower potential of the northeast region to the national grid. Unveiled on 14 October, the…
Despite these challenges, people in the industry are already talking about 6G – the next technology on the telecom horizon – and how it will boost the Indian economy. Mint explains what’s happening with 6G, why 5G is hard to make money from, the health of the telecom sector, and what leading in 6G would…
“A significant shift is visibly underway,” said Fereshte Sethna, founder and managing partner of DMD Advocates, who has more than three decades of experience in the profession. “Even among litigators, we now see far more women in court than we did 20 or 30 years ago.” A sure way of ensuring more diversity at the…
These are fundamental questions that have no easy answers, but as Trilok, an AI-powered rock band, partners with public broadcaster Prasar Bharati, the line between human artistry and machine-made melodies is starting to blur in ways that could reshape the future of music and the creative industry at large. Industry experts and lawyers say that…
Across brokerages, a consensus is emerging that the September quarter will likely be the weakest for banks this fiscal year, before margins begin to stabilize in the second half, aided by lower deposit costs and a seasonal uptick in loan demand. Among large private-sector lenders, Axis Bank is expected to post the sharpest sequential decline…
The India Energy Transition Fund, managed by EAAA Alternatives, has achieved its first close at $163 million with a commitment of $60 million from the European Investment Bank’s development arm, EIB Global. The total corpus of the fund is targeted at $300 million, which will be invested in greenfield infrastructure projects and growth-stage companies. The…
Bharti Telecom Ltd (BTL) raised ₹10,500 crore by selling short-term bonds maturing in two and three years on Tuesday, three merchant bankers told Mint. This is one of the largest corporate bond issuances so far in the current financial year, they said. BTL, the main controlling company of telecom operator Bharti Airtel, raised ₹5,250 crore…
The likely extension to the scheme, often called the Tesla scheme for its attempt to attract the US-headquartered electric vehicle (EV) giant to India, lays bare the difficulty of converting policy ambition and generous tax breaks into firm investment commitments. Under the scheme to promote manufacturing of electric passenger cars in India (SPMEPCI), manufacturers investing…
When deposits grow slower than loans over a prolonged period, it could lead to liquidity and asset-liability mismatch challenges for lenders. Given that banks rely on deposits for cheap funds, this widening gap would push them towards other sources. Customers might benefit, though. When deposits are scarce, banks tend to raise deposit rates to attract…
The Biosecure Act, a bill that was blocked from becoming law in 2024, was reintroduced as an amendment in a key defence spending bill that the US Senate approved on Friday, 10 October. Shares of companies such as Divi’s Laboratories, Syngene, Laurus Labs, Piramal Pharma, and Blue Jet Healthcare surged up to 5% on Friday…