Mint Bangalore - March 19, 2025

In this issue

March 19, 2025

Best Street Race in Over a Month Sees All Join In

Large-caps, smids rise, as foreign, local investors see value at low levels

3 mins

Now, CXO hires keep India Inc. guessing

Headhunters for top corporate roles are facing a problem once limited to the lower ranks: Candidate dropouts, where a person finishes the recruitment process and accepts a job offer, only to back out later.

2 mins

CCI Searches at Top Ad Agencies

India's advertising and broadcasting industries were rattled on Tuesday after the Competition Commission of India (CCI) conducted extensive searches at the offices of top media agencies and industry bodies.

2 mins

Sebi likely to review options limit move

The market regulator may review its contentious proposal to introduce a gross limit for all clients trading in index options after receiving feedback against such a rule from several market participants, a person aware of the development said.

2 mins

Hudco eyes newer sources for external borrowings

After raising Yen-denominated loans worth around ₹5,360 crore in the current fiscal, state-run Housing & Urban Development Corporation Ltd (Hudco) is looking at newer geographies for external commercial borrowing (ECB) including dollar-denominated loans.

1 min

India, NZ Aim to Seal Free Trade Deal in Just 60 Days

India and New Zealand, which began negotiations on a free trade agreement (FTA) just two days ago, aim to conclude the deal in as little as 60 days, top officials from both nations said on Tuesday.

1 min

World close to crossing climate threshold: UN's wake up call

Long-term global warming is currently estimated to be between 1.34 and 1.41 degrees Celsius above pre-industrial levels, the World Meteorological Organization warned in its State of the Global Climate report on Tuesday.

1 min

Capex not at cost of welfare spending

The central government has proposed to achieve a fiscal deficit target of 4.4% of India's GDP for 2025-26

2 mins

States May Get ₹22,400 Cr for Green Energy Corridor-III

The Centre is likely to provide the assistance for developing intra-state transmission systems

2 mins

Supertails eyes Blue 7 to expand petcare footprint

Petcare startup Supertails is in talks to acquire Blue 7 Vets, a multi-specialty veterinary clinic, as part of its strategy to expand its offline presence, two people familiar with the matter told Mint.

1 min

Still figuring out how AI will move through the economy

Chatterji agrees that AI's pace of change is much faster than that of previous technological revolutions

2 mins

E-commerce aggregator 10Club nearing bankruptcy

For the past 6 months, vendor payments have stalled and employees face delayed, partial pay

3 mins

Artha raises ₹330 cr to bolster its portfolio cos

Artha India Ventures, which has bet on a range of companies including OYO, and space startup Agnikul, has raised ₹330 crore for Artha Select Fund (ASF), a follow-on investment fund focused on backing winners in its existing portfolio, a person with direct knowledge of the matter told Mint.

1 min

Sectors that helped small-caps' survival

The carnage in small-cap stocks during the recent market correction has been widely noted. The BSE SmallCap index's 22% plunge into bear territory from its 52-week high, with approximately a third of small-caps declining 50% or more from their most recent highs, is a stark reminder of the risks in this segment.

1 min

Zudio, Trent's greatest strength, may also be its biggest weakness

Trent Ltd, the parent firm of well-known brands such as Westside and Zudio, has been one of the fastest-growing companies in India's retail sector over the past five years, with its stock having surged about 935% since the start of the pandemic in March 2020.

2 mins

Bajaj: No cheer from Allianz deal

Below peers

2 mins

Market Critical of Sebi's Settlement Process

The Securities and Exchange Board of India's settlement mechanism, designed to offer a faster route to resolving securities law violations over longdrawn court proceedings, is facing mounting criticism over growing delays and perceived discretionary practices.

2 mins

Gold Rush Continues, Breaches ₹91k Level

Gold prices climbed by ₹500 to hit another record high of ₹91,250 per 10 grams in the national capital on Tuesday driven by sustained buying by stockists and retailers amid a strong trend overseas, according to the All India Sarafa Association.

1 min

Robust demand for office spaces to give occupancy a leg-up

Room for more?

1 min

Measures for IndusInd hinge on PwC report

A shok Hinduja, chairman of the promoter company of IndusInd Bank Ltd, has said that the private lender does not require capital and all measures to bolster the credibility of the bank after it disclosed accounting discrepancies will depend on PwC's external audit report.

1 min

Why this state-run lender is courting lower-rated clients

State-owned Bank of India is looking to go beyond its comfort zone of lending to companies with the highest credit ratings to shore up margins, which is already under pressure and could sink further following the Reserve Bank's rate cut.

2 mins

Amid 5G rollout, Vodafone Idea caught in satnet FOMO

Telco weighs satellite internet options, even as rivals Jio, Airtel push ahead with partnerships

2 mins

Adobe Diversifies Beyond Its Cash Cow To Sell AI To Businesses

Adobe Inc has become the latest company to join the bandwagon to offer artificial intelligence services with its agentic AI platform as the technology firm diversifies beyond its core offering.

2 mins

Ola Registration Delays Cast Cloud Over Subsidy Amount

Subsidy under the PM E-DRIVE scheme can only be claimed after the vehicle is registered

3 mins

Aircraft shortage to last at least 4 years

Air India chief executive Campbell Wilson on Tuesday said the global aircraft shortage hampering airline growth will persist for four to five years as supply snags hobble production at jetmakers Boeing and Airbus.

1 min

CCD Averts Insolvency With Ares SSG Cap Deal

The final tranche of debt settlement hinges on ebitda, stock performance

2 mins

Trump Team Explored Simplified Plan for Reciprocal Tariffs

Mexico Would Wait Until April 2 and Then Decide Whether to Impose Retaliation to Trump's Tariffs, Sheinbaum Said

3 mins

All-robot assault opens new chapter in front-line warfare

In a snowy forest not long after dawn, a four-wheeled drone churned through the mud toward its target: a Russian bunker, where it eventually arrived and exploded.

4 mins

Israeli strikes across Gaza kill over 300 Palestinians and shatter ceasefire

Israeli PM ordered the strikes after Hamas refused demands to change the ceasefire deal

5 mins

Indian steel prices will face pressure

Indian steel prices will face pressure in the upcoming fiscal year as local mills grapple with cheaper imports from China and rising risks from aggressive tariff policies, Fitch Ratings said on Tuesday.

1 min

Nasa astronauts depart space station after 9 months in orbit

Two National Aeronautics and Space Administration (Nasa) astronauts stuck in orbit for nine months finally departed the International Space Station (ISS) aboard a SpaceX capsule on Tuesday, kicking off their long-awaited voyage home.

1 min

Great opportunity for long haul: Elbers

With internationalization as a key focus area, IndiGo chief Pieter Elbers on Tuesday said the airline has a great opportunity to address the long-haul flight services market from India.

1 min

Apple Loses German Antitrust Appeal

Apple lost an appeal on Tuesday against a regulatory assessment that opens the iPhone maker up to stricter controls in Germany, the Federal Court of Justice ruled on Tuesday, following years of debate over the company's market position.

1 min

Shapoorji Pallonji gets binding bids

A group of private credit funds has given binding commitments to Shapoorji Pallonji Group, which is raising as much as $3.3 billion in what could be India's biggest private credit deal, according to people familiar with the matter.

1 min

LIC eyes health insurer stake: CEO

Life Insurance Corp. of India (LIC) hopes to decide on acquiring stake in a health insurance company by the end of March, its chief executive officer (CEO) said on Tuesday.

1 min

Barclays Invests + ₹2.3k Cr in India Ops

British lender Barclays on Tuesday announced a ₹2,300-crore capital infusion into India operations.

1 min

Brookfield sells holding in Reit

U.S.-based Brookfield Corp. on Tuesday divested a 5.13% unit holding in Brookfield India Real Estate Trust (BIRET) for ₹883 crore through open market transactions.

1 min

TechM expands its Google Cloud tie-up

Tech Mahindra on Tuesday announced an expanded long-term partnership with Google Cloud to accelerate the adoption of artificial intelligence (AI) for enterprises globally.

1 min

Tata Motors, Kia to Hike Prices from Apr

Tata Motors on Tuesday said it intends to increase prices of its passenger vehicle range, including electric vehicles, from April 2025, the second time this year.

1 min

ED begins FEMA probe against Soros funding arm in India

ED conducts searches at NGOs, firms funded by entities linked to US billionaire

2 mins

Coming: Storm in the Superbike Teacup

They're ridden by one-percenters and make up just 0.4% of India's motorcycle market. Trump could change that.

7 mins

Global Investing Made Easy: Smart Strategies for Indians

Multi-asset funds help diversify across equities, debt, gold and global stocks with tax benefits

4 mins

WHY US MARKET MAY NO LONGER BE THE BEST GLOBAL BET FOR INDIAN INVESTORS

Investors may find better opportunities in Europe, driven by strong macro tailwinds

2 mins

Using NRO Account for ESOPs? Here's What NRIs Should Know

I'm a non-resident Indian (NRI) and work for an IT company abroad. I have been granted employee stock options (ESOPs) of the parent company in India, which are now vested. The exercise period starts from April 2025, and I plan to pay the exercise price from my Indian non-resident ordinary (NRO) account. Is this allowed, and will the payment be taxable because I am making it from an Indian account?

1 min

Is the capital gains tax to blame for the foreign-investor exodus?

It's being offered as an explanation to justify past stories gone wrong but is weak as an argument

3 mins

China's Woes Could Spill Over: Let's Stay Vigilant

Beijing's consumption stimulus seems insufficient. It needs to scale back production, but the world can't count on it to do so. India must stay alert to any dumping by China of its excess

2 mins

The US Must Steer Clear of Deal-Breakers in Trade Talks

A Deal With India Could Be Lost If the US Insists on Moves That Injure Our Food Security and Healthcare

3 mins

Our quest for food security must rely on green solutions

The obvious path of scaling up refrigeration poses climate risks that new approaches can eliminate

4 mins

The US Government's War on Statistics Is Unlikely to End Well

Disbanding an independent panel of experts is a major mistake

3 mins

Deregulation: Relieve commerce of command-and-control relics

India's economy would benefit from another round of reforms to axe outdated regulations that hold private enterprise back

3 mins

Two Stories of AI Transforming Healthcare

In other AI news this week, the Chinese AI model war hots up with Baidu's Ernie

1 min

Keep your photography smooth with this handy device

A gimbal is a hand-held stand that steadies your phone, and the Insta360 Flow 2 Pro is among the top ones out there

3 mins

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