Mint Bangalore - February 18, 2025

In this issue

February 18, 2025

Infy caught red-handed stealing, says Cognizant

Cognizant Technology Solutions Corp. claims Infosys Ltd was \"caught red-handed\" stealing the trade secrets of its healthcare software TriZetto, upping the ante against India's No. 2 IT services firm in a US lawsuit.

1 min

Smartphone sector hits road to revival with budget models

Every time you buy a smartphone, the tech specs you get at a certain price level multiply from the previous buy. This percolation of high tech to lower-priced gadgets sparked a rush for budget smartphones priced below ₹20,000 in the past year, a trend that industry insiders expect to continue in 2025.

2 mins

India eyes mutual tariff cuts with US

Talks may cover trade, immigration; US keen on farm market

3 mins

MHI nod for EV sops to 9,800 buses in B'luru, Hyderabad

The ministry of heavy industries (MHI) has approved subsidies for 9,800 e-buses under the PM E-drive scheme in Bengaluru and Hyderabad, according to two people aware of the development.

1 min

Heavy selling by FPIs likely due to India's good returns

Govt to continue to rationalize duties as part of its efforts to build an investor-friendly nation

2 mins

US' fossils policies threaten climate action progress

The US' focus on drilling oil and gas, among the most polluting fossil fuels, will reverse the climate action progress and have an adverse impact on the sector, according to Vibha Dhawan, director general of The Energy and Resources Institute (Teri).

1 min

Ministry steps in with stricter rules for highway maintenance

With plans to build world-class highways across the country, the ministry of road transport and highways (MoRTH) has proposed stricter quality control norms to ensure that both highway construction and repairs meet the required standards.

1 min

Merchandise trade deficit widens in Jan

India's foreign trade has been hit by weak demand in major markets, geopolitical tensions, volatile commodity prices

2 mins

Japan's KYB Corp exits its 51% stake in JV with Conmat

India's concrete equipment market is expected to grow to ₹230 billion from ₹88 billion, in four years

1 min

Cognizant says 'Infosys caught red-handed'

In US lawsuit, Cognizant has charged Infosys with stealing trade secrets

2 mins

India Lifts Hindalco's Q3 Show

Hindalco Industries Ltd managed to sail through the December quarter (Q3FY25).

2 mins

Is Stock Market Set for a Short-Term Bounce?

Fear gauge India Vix jumped 9% intraday to 16.31, reflecting the bitter battle between bulls and bears

3 mins

Deepak Nitrite's weak chemical margin spooks investors

Not in its element

1 min

SIP stoppage ratio at 109%; MFs unfazed

Investors anxious January 2025 saw the highest-ever SIP stoppage ratio.

2 mins

OPEC+ Considers Delaying April Supply Restart

At $74 a barrel, oil prices remain too low for many OPEC members to cover government spending

2 mins

Global Aerospace Firms Turn To India Amid Western Supply Chain Woes

Airbus, Collins Aerospace, Pratt & Whitney, and Rolls-Royce are expanding parts sourcing from India, driving growth in the country's emerging aerospace sector and pushing local firms to elevate their games, industry insiders say.

2 mins

Dubai developers score profits from global homebuyers

Builders in the city, which is part of the United Arab Emirates, are reporting surging profits and record sales.

1 min

Regulatory curbs, feeble festive season hit job growth

For India Inc., peak hiring season is in the festive season between September and December

2 mins

Pickleball gathers speed, tempting startups, brands

In India, the sport has seen a staggering 275% increase in active players over the past three years

1 min

Why Smaller OTTs Are Losing Ground

With global streaming giants tightening their grip on India's OTT market, smaller platforms are struggling to stay afloat.

1 min

Tax dispute won't halt Skoda imports: Govt

The government told the Bombay High Court on Monday that no consignment belonging to Skoda Auto Volkswagen India Pvt. Ltd had been stopped or will be stopped over an import tax demand of $1.4 billion, which the carmaker has disputed.

2 mins

Sotheby's Taps Into Indian Art Market Boom With Sales of ₹304 Cr in 2024

Risk-taking younger collectors, both from India and abroad, drive demand, representatives of the gallery said

3 mins

Energy transition to be delayed amid Trump's oil push

Energy transition, or the shift away from fossil fuels to renewable sources, remains crucial to combating climate change, but the progress could slow as US president Donald Trump pushes for boosting domestic oil and gas production, Jérôme Sevin, partner and global lead for energy and process industry at consulting firm Kearney, said.

1 min

China Has a Message for Its Tech Leaders: We Need You

Chinese leader Xi Jinping signaled to leading technology entrepreneurs and CEOs that he needed the private sector to deliver economic growth and self-sufficiency, more than four years after a crackdown by Beijing that dented confidence.

2 mins

The New Plan for Western Tech Companies Is ABC: 'Anything But China'

As U.S.-China tensions rise, more tech businesses are moving their production elsewhere

5 mins

Squeezed between Putin and Trump, Europe sees a moment of truth

As the U.S. and Russia begin negotiations this coming week about the fate of Ukraine and European security, the shared view in Washington and in Moscow these days is open contempt for the leaders of Europe.

5 mins

India's Gold Imports Rise 40.79% to $2.68 Billion in January

The country's gold imports in January rose by 40.79% to $2.68 billion on account of increasing domestic demands, according to commerce ministry data.

1 min

India, EU to Resume FTA Talks in March

India and the European Union (EU) will hold the next round of talks on the proposed free trade agreement (FTA) from 10 to 14 March, a senior government official said on Monday.

1 min

Anurag Mehrotra is JSW MG Motor's MD

SW MG Motor India on Monday said it has appointed Anurag Mehrotra as the managing director of the company.

1 min

BCCL to acquire Vishal Personal Care

MCG firm Bajaj Consumer Care Ltd (BCCL) will acquire rival Vishal Personal Care, which owns hair and skin care brand Banjara's, at an enterprise value of ₹108.3 crore to deepen its penetration in the South Indian market.

1 min

Khelo India Winter Games postponed

India suspended its winter games on Monday due to a lack of snow in one of the world's highest ski resorts, in a stark sign of rising global temperatures.

1 min

ABB India Net Profit Up 54% in Dec Qtr

Electrification and automation major ABB India on Monday posted an over 54% year-on-year rise in its net profit at ₹532 crore in December quarter, mainly on the back of higher revenues.

1 min

P. D. Singh to head Standard Chartered

Standard Chartered on Monday said P. D. Singh will take over as the chief executive officer for India, effective 1 April 2025.

1 min

Air India partners with Virgin Australia

Air India has entered into a codeshare partnership with Virgin Australia that will allow the Tata Group-owned airline's passengers to travel in a single ticket to 16 cities in Australia and New Zealand.

1 min

NTPC Set To Spend $62 Billion To Build 30GW Nuclear Power

NTPC tripled its nuclear capacity goal after govt made plans to open up the sector

1 min

Why Tech Firms Are Battling Over Healthcare

There's more to the Infosys-Cognizant spat than meets the eye

7 mins

A Swedish Dream: High Cost, Big Gains

Imagine a life where you don't need to worry about saving for your child's future or your own retirement, and healthcare is subsidized, eliminating hefty insurance premiums or the need for a large contingency fund.

4 mins

Why Sebi Rules on Research Analysts Ease Entry Barrier But Raise Stakes

These new obligations seem to impose an excessive compliance burden on RAs

3 mins

India should prepare to shine in future arenas of business growth

The country's talent base and growing market could spell success in 18 new fields of competition

3 mins

Take a new trade approach in response to Trump 2.0

Lowering tariffs will help India sign FTAs with others. Broadly, we should focus more on trade in services

4 mins

Indian markets have detected a chill in India's American ties

Trump seems to have ended the 'Howdy Modi' era's camaraderie

3 mins

America's export restrictions on tech enablers have a poor record

Its technology curbs aimed at France didn't work and now China's DeepSeek has revealed flaws in its latest denial regime

3 mins

DeepSeek's RI might be the first of many AI super-apps

Expect AI to follow the path taken earlier by smartphones as LLM-based apps for daily use proliferate

3 mins

Staying creative in an AI-dominated world

Creativity is deeply tied to our sense of selfworth and emotional well-being. Mint explores ways to stay inspired at a time when AI is the norm

4 mins

New exercises to switch things up on bicep day

A kettlebell is effective for hammer curls as it ensures your bicep is taking the load

2 mins

Why We Need to Rethink the Discourse on Body Positivity

As India awaits the launch of obesity drug, Mounjaro, the debate on weight loss drugs and body image continues

4 mins

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