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Thermax had  ₹1,703 crore in cash, cash equivalents and short-term investments as of Sept. 30
Thermax had 1,703 crore in cash, cash equivalents and short-term investments as of Sept. 30

Thermax seeking acquisitions to expand as business rebounds

The Indian maker of electricity-generation and pollution-control equipment will consider mergers and acquisitions, technological arrangements and geographic partnerships that are 'small and easy to digest,' Thermax CEO Ashish Bhandari said

Zerodha’s co-founder Nikhil Kamath
Photo: Bloomberg
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Prime Minister Narendra Modi addresses the All India Presiding Officers conference in Delhi. (PTI)
The Department of Expenditure under the Finance Ministry has issued the third set of FAQs on LTC Cash Voucher Scheme
Reserve Bank of India (RBI) governor Shaktikanta Das
Those planning to go abroad will have to depend on the special flights under the Vande Bharat Mission, or the air bubble arrangements.
Those planning to go abroad will have to depend on the special flights under the Vande Bharat Mission, or the air bubble arrangements.

India restricts international flights till 31 December: DGCA

  • Only selected flights shall be allowed on case to case basis, the Directorate General of Civil Aviation said
  • Scheduled international passenger services have been suspended in India since 23 March

Photo: iStock
Ratan Tata remembered the ghastly attack and said in a post from his social media accounts that the wanton destruction that took place will never be forgotten.
Bitcoin dipped 7% as of 8:01 a.m. in London to about $17,555, while Ether was more than 10% lower at about $514
Bitcoin dipped 7% as of 8:01 a.m. in London to about $17,555, while Ether was more than 10% lower at about $514

Bitcoin, Ether plunge today on profit-taking after recent rally

  • Bitcoin slumped as much as 8.7%, the most since early August, while digital coins like Ether also tumbled.
  • Analysts said that profit-taking after the recent rally, and speculation about tighter regulations, were among the reasons for the shift lower

New rules for US visas
Following the RBI’s order lifting the blanket ban on cryptocurrency payments, a large number of Indian investors have taken up cryptocurrency transactions
Following the RBI’s order lifting the blanket ban on cryptocurrency payments, a large number of Indian investors have taken up cryptocurrency transactions

Traders can take part  in  crypto  run with a few checks

Following the RBI’s order lifting the blanket ban on cryptocurrency payments, a large number of Indian investors have taken up cryptocurrency transactions. As the trend gains traction, Mint explains the key concepts associated with the trade of bitcoins

Airtel CEO Gopal Vittal. Photo: Reuters
Uddhav Thackeray is prodding his party of belligerence and nativism towards reason and inclusivity, save the occasional dial-back to Hindutva. (Photo: HT)
Uddhav Thackeray is prodding his party of belligerence and nativism towards reason and inclusivity, save the occasional dial-back to Hindutva. (Photo: HT)

How Uddhav Thackeray is becoming a man for all seasons

  • After a year of vendetta politics, the first-time CM has become the BJP’s nightmare. How will he govern the state?
  • The bets are off the table on how long the government will last but Sena, NCP and Congress are glued by the purpose of keeping the BJP out of power. The road ahead is anything but smooth.

FILE PHOTO: Jeff Bezos  (REUTERS)
FILE PHOTO: Jeff Bezos (REUTERS)

Jeff Bezos called upon to save thousands of stranded seafarers

  • Industry bodies wrote an open letter urging Bezos to exert pressure on the incoming Biden administration and other leaders to recognize seafarers as key workers
  • Some of them have been at sea for more than a year, the letter said, adding that about 90% of global trade relies on shipping

Launched in October 2018, Mint’s macro tracker provides a monthly state-of-the-economy report based on trends in 16 high-frequency indicators across 4 segments: consumer economy, producer economy, external sector, and ease of living.
Launched in October 2018, Mint’s macro tracker provides a monthly state-of-the-economy report based on trends in 16 high-frequency indicators across 4 segments: consumer economy, producer economy, external sector, and ease of living.

Some warning signs in India’s economic report card

  • The pace of recovery in the Indian economy is slowing, high-frequency indicators suggest. Among 16 indicators considered in Mint’s macro tracker, half were in the red in October, latest numbers show

Excess cash with banks averaged Rs39,700 crore ($6.2 billion) last week, compared to a peak of more than 5 trillion rupees in March, according to Bloomberg Intelligence India Banking Liquidity Index. Photo: Hemant Mishra/Mint
Excess cash with banks averaged Rs39,700 crore ($6.2 billion) last week, compared to a peak of more than 5 trillion rupees in March, according to Bloomberg Intelligence India Banking Liquidity Index. Photo: Hemant Mishra/Mint

Small firms seek big bailout plan

  • More small biz seek respite under RBI’s special loan recast window

The buying by mutual funds is being driven by fresh money from retail investors and launch of new fund offers because of a buoyant market sentiment. Photo: Ramesh Pathania/Mint
The buying by mutual funds is being driven by fresh money from retail investors and launch of new fund offers because of a buoyant market sentiment. Photo: Ramesh Pathania/Mint

Tube Investments to raise 350 cr from Azim Premji Trust, SBI MF

  • Azim Premji Trust will get 27.33 lakh shares worth 200 crore, while SBI Mutual Fund's two schemes - SBI Focused Equity Fund and SBI Magnum Midcap Fund - will get 15.03 lakhs share and 5.46 lakh shares worth 110 crore and 40 crore respectively

The new non-stop service - which would be Air India's longest route at 14,000 Km and longest flight to and from India - is expected to meet the demand of corporate customers (MINT_PRINT)
The UAE has various visa categories, including business, tourist, transit and student. (Reuters)
The UAE has various visa categories, including business, tourist, transit and student. (Reuters)

UAE halts new visas to citizens of 13 countries

  • UAE temporarily stopped issuing visas to people from Iran, Syria, Afghanistan, Pakistan, Somalia, Libya, Yemen, Algeria, Kenya, Iraq, Lebanon, Tunisia and Turkey

Banking operations in public sector banks across the country were partially affected on Thursday
Banking operations in public sector banks across the country were partially affected on Thursday

PSU banking services partially hit by trade union strike

Many lenders including Bank of Maharashtra had informed customers in advance that normal working could be affected. State Bank of India and private sector banks are functional.

Banks have parked  ₹6.1 lakh crore of excess cash with the central bank at the reverse repo rate of 3.35% (Bloomberg)
Banks have parked 6.1 lakh crore of excess cash with the central bank at the reverse repo rate of 3.35% (Bloomberg)

Short-term rates crash in India with funds overflowing with cash

  • RBI governor Shaktikanta Das has pledged to stay accommodative well into 2021 as he tries to dig the economy out of an unprecedented technical recession

On Wednesday, Sensex ended nearly 1,000 points off the day's high and 1.6% lower from previous close at 43,828 while the Nifty lost 197 points to settle at 12,858. (Photo: Reuters)
On Wednesday, Sensex ended nearly 1,000 points off the day's high and 1.6% lower from previous close at 43,828 while the Nifty lost 197 points to settle at 12,858. (Photo: Reuters)
LIVE UPDATES

Sensex soars 1% to end above 44K, Nifty closes a tad below 13,000; metals shine

  • In choppy trade today, Indian indices swung between gains and losses. Recouping earlier losses, the Sensex had risen 500 points to 44,306.27 while the Nifty had topped 13,000. All sectoral indices were in the green, with India VIX down 12%

Delhi Health Minister Satyendar Jain. (ANI)
Gold rates today: On MCX, prices edged higher to  ₹48,594 per 10 gram
Federal Reserve Chairman Jerome Powell (File photo) (AP)
Federal Reserve Chairman Jerome Powell (File photo) (AP)

As economy struggles, Fed weighs boosting bond purchases

  • The Fed since June has been buying $120 billion in bonds each month to keep downward pressure on long-term interest rates as a way of giving the economy a boost as it struggles to emerge from a deep recession

Farmers at Chandigarh-Delhi Highway in Ambala proceed to Delhi for staging a demonstration. (ANI)
Farmers at Chandigarh-Delhi Highway in Ambala proceed to Delhi for staging a demonstration. (ANI)

Farmers' protest: Farmers clash with Haryana cops on way to Delhi - 10 updates

  • Farmers from Uttar Pradesh, Haryana, Uttarakhand, Rajasthan, Kerala and Punjab have assembled at the Haryana border for their march towards Delhi today and tomorrow
  • In view of farmers' 'Delhi Chalo' protest march, Delhi has deployed forces at the borders, curtailed metro services as a precautionary measure

The scheme will be managed by Gopal Agrawal. HDFC Dividend Yield Fund will be benchmarked against NIFTY Dividend Opportunities 50 TRI. Photo: Ramesh Pathania/Mint
The scheme will be managed by Gopal Agrawal. HDFC Dividend Yield Fund will be benchmarked against NIFTY Dividend Opportunities 50 TRI. Photo: Ramesh Pathania/Mint

HDFC launches dividend yield fund: Key things to know

The NFO of HDFC Dividend Yield Fund will open for subscription on November 27, and will close on December 11.

IDBI Bank and Bank of Maharashtra, in regulatory filings on Wednesday said their normal working could be affected at the branches and offices.
Salesforce has been beefing up its cloud business through acquisitions and had spent more than $16 billion last year to fend off competition from rivals such as Oracle Corp and German competitor SAP. (REUTERS)
Salesforce has been beefing up its cloud business through acquisitions and had spent more than $16 billion last year to fend off competition from rivals such as Oracle Corp and German competitor SAP. (REUTERS)

Salesforce in talks to acquire workplace app Slack: Report

Salesforce's bid comes as Slack struggles to fully capitalize on the switch to remote working during the COVID-19 pandemic in the face of fierce competition from Microsoft Corp's Teams and other workplace apps

A health worker collects a swab sample from a man for a RT-PCR covid-19 test at a marketplace in New Delhi on Wednesday.afp (MINT_PRINT)
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