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Welcome to Top of the Morning by Mint, your weekday newscast that brings you five major stories from the world of business. It's Thursday, October 17, 2024. My name is Nelson John. Let's get started.Indian stock markets declined for the second straight session on Wednesday, with the benchmark Sensex shedding 319 points, or 0.39 per cent, and the Nifty 50 slipping 86 points, or 0.34 per cent.In the past three months, several films have been re-released in theatres, driving higher footfalls and occupancy rates for PVR Inox, India's largest cinema chain. Abhinaba Saha reports that re-releases now account for 6 per cent of the chain's total footfalls. PVR Inox plans to continue this strategy in the coming quarters, with upcoming blockbusters like Singham Again and Pushpa 2 expected to further boost its business and, consequently, its stock performance.Over the past two decades, Bandra Kurla Complex (BKC) has emerged as Mumbai's premier business hub, housing giants like the National Stock Exchange, Sebi, ICICI Bank, and Facebook. However, available office space in BKC is now scarce, with vacancy rates hovering at just 3-4%. Khushi Malhotra reports that the intense demand for office space has driven businesses to explore nearby areas such as Kalina, Kurla, Worli, and Lower Parel. Yet, with many projects in these locations still years from completion, companies seeking grade-A offices face a prolonged wait.How much does bhujia cost? According to Haldiram's, about 10 billion dollars. The leading snack maker initially explored a majority sale, but is now eyeing a smaller stake sale, Sneha Shah reports. Despite the shift, investors like Bain Capital, Blackstone, and Temasek Holdings remain interested, eager to tap into India's booming snacks market, which is projected to double by 2032. With its status as a profitable market leader and a potential IPO candidate, Haldiram's presents a compelling investment opportunity, Sneha adds.The Indian rupee hit a record low of 84.07 against the US dollar this week, marking a depreciation of over 9% since April 2022—far exceeding the typical 3% annual decline. The slide is attributed to foreign institutional investors pulling out around $8 billion this month, dampening demand for the rupee. With global markets in flux and geopolitical tensions—such as the Israel-Iran conflict and the ongoing Russia-Ukraine war—adding pressure, experts anticipate further depreciation, possibly touching 84.20. Sumant Banerji breaks down how the weakening rupee impacts both you and the broader economy.Pratilipi, the platform for long-form regional stories, hit a major milestone in July 2024 by turning cash-flow positive. Founded in 2014, with backing from big names like Tencent and Nexus Ventures, Pratilipi saw its revenue jump 66% to ₹58 crore last year, while it managed to slash its losses by 62%. In a market where many content platforms have struggled or shut down, Pratilipi's focus on in-depth storytelling in Indian languages has set it apart. While others chased short videos and social media trends, Pratilipi remained true to its core—delivering engaging narratives across 12 regional languages. The platform's success comes from its loyal reader base, mostly women aged 18-35, and a commitment to its authors, offering workshops and fellowships to support their work. Shadma Shaikh delves into how the platform scripted a rare hit. PVR Inox re-release bet pays off in Q2, more in the pipeline With BKC packed, Mumbai hunts for its new business districtHaldiram deal turns into a minority stake saleMint Primer | Rupee's big fall: How much lower can it go?How storytelling platform Pratilipi scripted a rare hit
Welcome to Top of the Morning by Mint, your weekday newscast that brings you five major stories from the world of business. It's Tuesday, April 2, 2024. My name is Nelson John. Let's get started:Indian markets started the new financial year with a fresh vigour as benchmark indices closed in the green on Monday. BSE's Sensex rose more than 350 points to close 0.49 per cent up from its previous close. NSE's Nifty-50 also climbed more than 130 points to close 0.61 per cent above its last close. Tata Steel, Ultratech Cement and NTPC were among the top gainers on Monday. How fast is India growing? Is it really growing? Well, there are a couple of ways to find out. One can look at the constant construction happening in all major metros across the country. More and more infrastructure projects are coming up - a likely indicator of growth. Another way to track this growth is to look at GDP numbers. In FY23 India's GDP grew at 7 per cent. For the first three quarters of the outgoing fiscal, the growth remained above a healthy 8 per cent. The government estimates the number for the full fiscal year 2024 to be at 7.6 per cent. So what's driving the growth? While there is more than one driver, some attribute this boost in GDP numbers to the government's push for capital expenditure. But there are other engines of growth too - public consumption being one of them. Mint's senior editor N Madhavan examines the factors behind India's surge. What's in a name? Not much according to William Shakespeare, but for small finance banks, it might make a world of difference. Small finance banks in India are advocating for a rebranding, seeking to drop the 'small finance' label to enhance their appeal to depositors and investors. This request was discussed in a meeting with RBI officials, people aware of the matter told Mint's banking editor Gopika Gopakumar. The banks aim to improve customer perception and attract more current and savings account deposits with the name change. Some banks are testing the waters. Hoardings outside AU Small Finance Bank's regional office in Mumbai's Kurla read simply ‘AU Bank'. Websites of almost all SFBs, barring Ujjivan SFB and North East SFB, have dropped the label from their domain names. The term 'small' was initially used in the naming of small finance banks to highlight their core mission of promoting inclusive banking. Over time, these banks have achieved their goal of extending credit to small and micro businesses, demonstrating their commitment to supporting underserved segments. Now to continue inclusive growth, having more accounts and fixed deposits is necessary, which will be helpful if the word ‘small' is dropped, a spokesperson for Unity SFB told Gopika. What's light, has high strength, is durable and is extremely useful for the aerospace industry? It is a material called carbon fibre. Carbon Fibre is also extensively used to make sports equipment like hockey sticks, racquets, archery bows and golf clubs. Carbon fibre bicycles are popular among enthusiasts because of their light weight. The reason I am talking about it is because India is gearing up to start domestic production of carbon fibre, targeting aerospace, civil engineering, and defence sectors. The push comes as a strategic move to lessen imports and navigate around the European Union's impending carbon tax on steel and metal products. India is currently dependent on carbon fibre imports from countries like the US, France, Japan, and Germany. The EU's Carbon Border Adjustment Mechanism set for 2026 has propelled India to consider establishing its own manufacturing capabilities. The Indian government is in talks to create carbon fibre manufacturing units, with research support from leading institutions like the Indian Institute of Technology (IIT) to meet international production standards. Mint's Dhirendra Kumar brings us this exclusive story on the development, which is a part of India's plan to expand technical textiles export from $2.5 billion to $10 billion within five years.Over 60 years ago, American mathematician and meteorologist Edward Lorenz's minor data alteration in a weather simulation at MIT led to significantly different results, laying the foundation for chaos theory - also known as the 'butterfly effect.' This concept, illustrating how small changes can have large consequences, is now relevant across various fields, prompting reflection on the impact of larger phenomena like climate change. India's FMCG sector, heavily reliant on imported palm oil, faces potential disruptions from the European Union's proposed carbon tax and the effects of climate change on palm oil production. With India as the world's largest palm oil importer and facing stagnating supplies from major producers Indonesia and Malaysia, the sector is at a crossroads. Additionally, the cocoa industry faces similar challenges, with extreme weather conditions and diseases reducing global output. Mint's national editor Abhishek Mukherjee takes a deep dive into how the FMCG industry is staring at an existential crisis with climate change - arguably the biggest issue facing humanity. India is poised to standardise the accreditation process for alternative medicine facilities, including Ayurvedic wellness centres, homoeopathy clinics, and Unani hospitals. The National Accreditation Board for Hospitals and Healthcare aims to consolidate accreditation standards across all AYUSH disciplines. These include Ayurveda, Yoga and Naturopathy, Unani, Siddha, Sowa Rigpa, and Homeopathy. The government aims to get the process running by June, streamlining processes and ensuring quality care. This initiative comes after the insurance regulator's IRDAI's recent inclusion of AYUSH treatments in health coverage.. Mint's health and pharma correspondent Somitra Ghosh takes a look at the initiative that highlights the government's effort to boost the alternative medicine sector's credibility and research. The move however, has been met with mixed reactions. We'd love to hear your feedback on this podcast. Let us know by writing to us at feedback@livemint.com. You may send us feedback, tips or anything that you feel we should be covering from your vantage point in the world of business and finance.That's all for today. Thank you for listening.We'll be back tomorrow with a fresh episode of Top of the Morning. Have a nice day!Primer | What's driving Indian GDP surge: Public spending or private consumption'Small' isn't beautiful for small finance banksIndia plans to make carbon fibre in response to EU carbon taxAyurveda, alternative medicine to get an accreditation nudgeBlowing Hot: How climate crisis can rain on FMCG's FY25 show
The auto-taxi drivers have decided to take out a massive morcha from Kurla to Hutatma Chowk at 11 am on January 11 which will not only cause traffic snarls but may also lead to a shortage of autos and cabs on the roads.Join in as Rohini and Sachin discuss the union demands behind the strike and the events that led to it.
X’mas is upon us and the lads are here with a jolly good story all the way from Peru. Cops from a narcotic cell dressed as Satna and his elf to make a drug bust and nab a couple of unsuspecting dealers. But this flight of fancy goes via Indonesia, where a young boy’s kite flying turned into flying lessons. And lastly, the story of a Kurla youth who cut six birthday cakes while holding flame sticks in his mouth. What a party, no? + Music credit – Simon D’Souza + Write to us – hello@farfromfact.in (mailto:hello@farfromfact.in) + Follow us https://www.instagram.com/farfromfact/ Instamojo https://www.instamojo.com/@thelads_farfromfact Paypal paypal.me/farfromfact
From the slums of Kurla, Mumbai rapper Naezy talks to us about his life and his rapping career.
In light of the upcoming release of Zoya Akhtar’s film, Gully Boy - inspired by the lives of rappers Divine & Naezy - we went back into our Maed in India archives to Mae’s beautifully revealing interview with rapper Naved Shaikh aka Naezy. Though he felt more comfortable conversing in Hindi and Mae’s awkward language skills clearly weren’t up to par, that didn’t hinder the poignant and powerful conversation that ensued. From a local lad living in a Kurla chawl to a high-flying rapper gigging across the country and working with some of the best producers in India, they chatted about a young man’s rise to fame and how he struggled to do what he loves regardless of his success. Hear his performance as he raps acapella on this episode too. Set List: Aafat - (15:32 - 16:22) Mere Gully Mein - (26:00 - 26:48) Police Wala - (35:20 - 36:38) Follow Naezy Facebook Instagram Come be our friend: Facebook Instagram Twitter CREDITS: Host: Mae Twitter Instagram
Anand Sivakumaran (a.k.a. THE CROC), writer, author and live storyteller spins tales using prompts from you guys. Words aap ke, kahani aap ke liye Story 14: Boss, Kurla? Vinod's luck on dating apps finally changes. Or so he thinks.. Part 4: Starting line: Wishful thinking By Arundhati Sharma You can order Anand's novel 'Natasha Mehra Must Die' here: https://amzn.to/2zXzLTR To give your prompt reach out to Anand at https://www.facebook.com/AnandSivakumaranOfficial/ https://twitter.com/Anandloki You can also log on to http://www.anandsivakumaran.com/!
Anand Sivakumaran (a.k.a. THE CROC), writer, author and live storyteller spins tales using prompts from you guys. Words aap ke, kahani aap ke liye Story 14: Boss, Kurla? Vinod's luck on dating apps finally changes. Or so he thinks.. Part 3: Starting line: Where Do People Disappear? By Seema Menon Thakur You can order Anand's novel 'Natasha Mehra Must Die' here: https://amzn.to/2zXzLTR To give your prompt reach out to Anand at https://www.facebook.com/AnandSivakumaranOfficial/ https://twitter.com/Anandloki You can also log on to http://www.anandsivakumaran.com/!
Anand Sivakumaran (a.k.a. THE CROC), writer, author and live storyteller spins tales using prompts from you guys. Words aap ke, kahani aap ke liye Story 14: Boss, Kurla? Vinod's luck on dating apps finally changes. Or so he thinks.. Part 2: Starting line: Hearts don't break around here. By Gausia Shaikh You can order Anand's novel 'Natasha Mehra Must Die' here: https://amzn.to/2zXzLTR To give your prompt reach out to Anand at https://www.facebook.com/AnandSivakumaranOfficial/ https://twitter.com/Anandloki You can also log on to http://www.anandsivakumaran.com/!
Anand Sivakumaran (a.k.a. THE CROC), writer, author and live storyteller spins tales using prompts from you guys. Words aap ke, kahani aap ke liye Story 14: Boss, Kurla? Vinod's luck on dating apps finally changes. Or so he thinks.. Part 1: Starting line: Boss, Kurla? By Anuj Adhiya You can order Anand's novel 'Natasha Mehra Must Die' here: https://amzn.to/2zXzLTR To give your prompt reach out to Anand at https://www.facebook.com/AnandSivakumaranOfficial/ https://twitter.com/Anandloki You can also log on to http://www.anandsivakumaran.com/!
Episode 2 Notes On episode 2 of Pridecast Zoey is joined once again by Gen, as well as new guests Kurla and Oreo! This episode: The gang can’t stop talking about RTX, living in big cities, and then E3, the Black Friday of gaming! And lots of Fallout. There’s a lot of Fallout discussion. Edited by Gen Lantto Theme song and Pridecast logo by EmiLeigh! Recorded June 13th, 2018 Follow us on Twitter - https://twitter.com/RT_LGBT Join the RT LGBT+ Discord - https://discord.gg/8ZpHACX Find the hosts on the internet! Zoey's Twitter - https://twitter.com/TheQuestCrafter Gen's Twitter - https://twitter.com/GenLantto Kurla’s Twitter - https://twitter.com/iamkurla103 Oreo’s Twitter - https://twitter.com/OreoNinja017 LINK DUMP Buy Tickets for RTX Austin - www.rtxaustin.com/ Rooster Teeth Live at E3 - (Playlist) https://www.youtube.com/playlist?list=PLUBVPK8x-XMgMVumUlKqdMck5Q2H8Zgxk Trailers for all the E3 games discussed: Pokemon Let’s Go Eevee/Pikachu Spiderman for PS4 Assassin’s Creed: Odessy Super Smash Bros Ultimate Fallout 76 Cyberpunk 2077 Metro Exodus Little Dragon Cafe Shadow of the Tomb Raider Overcooked 2 Skyrim Very Special Edition The Last of Us 2 Sable Ori and the Will off the Wisps Sea of Solitude Ghost of Tsushima Resident Evil 2 Remake Kingdom Hearts 3 Hitman 2 Death Stranding Anthem Quiet Man Trials Rising Elder Scrolls 6 Starfield Knights and Bikes Forza Horizon 4
From just a local lad living in a Kurla chawl to a high-flying rapper gigging across the country and working with some of the best producers in India. Naved Shaikh aka Naezy is our headliner on Maed in India this week as he talks about his debut album coming out this year and how doing what he loves is still a struggle for him regardless of his success. He also throws down some of his raps and new unreleased material from his upcoming record. The opening act for this episode is blues-soul singer-songwriter Naina Kundu, who features on next week's show. PS. For this interview, Naezy felt more comfortable chatting in Hindi with me, and currently, my own Hindi-speaking and Hindi-understanding skills are very much sub-par. I did try but you can tell that I was seriously struggling. Naezy was a sweetheart and phenomenally patient with me. I hope you too can please bare with me and the failings on my part. Though, one thing I will guarantee is that you will be entertained. Naina Kundu 'Peter Pan' Naezy 'Aafat!' 'Mere Gully Mein' 'Policewala' The Maed In India Podcast is also available on iTunes: https://goo.gl/mvFfLJ, Stitcher: https://goo.gl/Dc7iaV, Tunein: https://goo.gl/xw5liS, Or generally, just about any app you use to get your podcasts (Overcast, Beyond Pod) Follow Maed In India on: Facebook: facebook.com/maedinindia/ Twitter: twitter.com/maedinindia This is an IVM Production; for more such awesome podcasts, come find us: Website: Indusvox.com Facebook: https://goo.gl/P130uw Twitter: https://goo.gl/7P7Uec Instagram: https://goo.gl/qH3PH