Mint Kolkata - March 27, 2025
Mint Kolkata - March 27, 2025
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In this issue
March 27, 2025
GIFT Nifty yet to strike it big, nearly 2 years since switch
India's ambitious push to bring home trading in Nifty 50 derivatives has made limited progress in nearly two years, as many traders tempted by cost and logistical advantages keep faith in the Singapore Exchange (SGX).
2 mins
Small drug firms must apply online for GMP extension
Small pharma companies can file an online application if they want to take one more year to comply with global good manufacturing practices (GMPs), said the Drugs Controller General of India (DCGI) on Wednesday.
1 min
Anti-laundering provisions should not hurt honest
It is important for policymakers to ensure that measures against terror financing and money laundering aren't overzealous, and do not stifle legitimate activities or investments while trying to protect the financial systems, according to Reserve Bank of India governor Sanjay Malhotra.
1 min
As US pulls back, UN calls on EU to submit delayed climate plan
The United Nations (UN) stepped up pressure on the European Union (EU) to submit its delayed climate plan in order to fill a diplomatic vacuum left by the US.
1 min
Banking Laws (Amendment) Bill passed
The bill, passed by the Lok Sabha in December, will allow bank account holders to have up to four nominees
2 mins
OMC Refining Margins Hit as Russian Discounts Shrink
Public sector oil marketers' margins have dropped over 50% year-on-year, PPAC data shows
2 mins
HUL creator roster swells 11-fold in a year as it targets young
One number captures the explosion of India's creator economy and its ability to shape consumer behaviour: 8,000. It's the count of social media influencers Hindustan Unilever Ltd engaged with in the ongoing fiscal.
1 min
Dailyhunt parent VerSe bets on AI-driven turnaround
VerSe Innovation, the parent of news aggregator Dailyhunt and short-video app Josh, expects to break even in the next three to four months and turn profitable in FY26 after reducing losses and improving cost efficiency, co-founder Umang Bedi told Mint in an interview.
1 min
Upskilling startup Intellipaat taps EY for pre-IPO fundraise
Bootstrapped upskilling firm Intellipaat Software Solutions Pvt. Ltd has appointed consultancy major EY to advise on its fundraising plans as it targets a revenue of ₹700-800 crore over the next two years, a top executive of the firm told Mint.
2 mins
ChatGPT Levels Up With Visuals
OpenAI is making it easier to edit images in ChatGPT and create visuals for work that include lengthy, legible text, potentially broadening the chatbot's appeal for businesses and everyday users.
1 min
TPG buys India, Lanka biz of Siemens Gamesa
Wind turbine maker will own a minority stake in the new company
2 mins
Fag end of cement sector M&As?
After the Adani Group's entry into the cement sector in 2022, the industry has been in a phase of consolidation. Big cement firms want to get bigger amid the battle for market share.
2 mins
Britannia's Rajneet Kohli to join HUL as executive director
Hindustan Unilever Ltd (HUL) on Wednesday announced the appointment of Rajneet Kohli, former chief executive and executive director of Britannia Industries Ltd, as executive director, foods.
2 mins
Cognizant eyes spot among top four IT services companies
New Jersey-based Cognizant plans to improve margins by 30 basis points annually until FY27
1 min
Airtel prepays ₹5,985 crore, clears 2024 spectrum dues
Bharti Airtel Ltd, India's second largest telecom operator, on Wednesday said it has prepaid an additional ₹5,985 crore to the department of telecommunications (DoT), thereby clearing its bill for the spectrum it purchased in 2024.
2 mins
Sensex falls by 728 pts, snaps 7-day streak
Stock markets snapped the seven-day winning run on Wednesday with benchmark Sensex tanking 728 points due to profit-taking in banking and IT shares ahead of monthly expiry of derivatives contracts.
1 min
Mediation fails in Tesla trademark battle
The mediation efforts between Elon Musk's Tesla Inc. and Gurugram-based Tesla Power India Pvt. Ltd to resolve their trademark dispute have failed, the two parties informed a Delhi court on Wednesday, seeking an urgent hearing.
1 min
Wipro bags $650 mn deal from Phoenix Group
Wipro Ltd bagged a 10-year contract with UK-based insurance company Phoenix Group, valued at $650 million, making it the second deal of at least $500 million in less than a year for India's fourth largest information technology (IT) services company.
1 min
Pidilite to ramp up paints biz in Puri's parting shot
Outgoing MD says firm targets 10-15% market share in decorative paints market
2 mins
Amrut raises toast with category-first single-jaggery rum
It plans to expand premium lineup with category-first rum and whisky, while boosting single malt capacity
1 min
Diaspora disconnect: Patriotic films fail to strike a chord overseas
The Indian diaspora prefers mainstream entertainers, but shuns overtly patriotic movies, say experts
2 mins
GenAI Recodes Indian IT Shift
GenAI is driving Indian IT firms toward value-based pricing, prioritizing efficiency and outcomes over costs
2 mins
Corporate America's euphoria over Trump's 'golden age' is now giving way to distress
CEOs and investors are fretting over what they see as whipsaw policy changes and complacency about the risks of recession
9 mins
Trump's Tariff War Forces Allies to Choose Resistance or Surrender
President Trump's trade war is forcing America's closest allies to choose between fighting back, or acquiescing.
5 mins
Ashok Leyland may shut UK e-bus plant
Indian heavy vehicles maker Ashok Leyland said on Wednesday that its electric bus unit Switch Mobility could shutter one of its British plants, which would swing the unit's UK operations to profitability \"soon\".
1 min
Maruti Suzuki to invest over $860 mn to add one more plant
India's top carmaker Maruti Suzuki will invest ₹7,410 crore (nearly $864 million) to set up a third plant at an existing facility in the northern state of Haryana.
1 min
Adani Group Keen on Acquiring JAL
Business conglomerate Adani group has shown interest in acquiring Jaiprakash Associates Ltd (JAL) through an insolvency process, according to people aware of the matter.
1 min
LG's IPO Valuation Expectations Lower
LG Electronics Inc.'s India unit may get a lower valuation than previously expected in its initial public offering, according to people familiar with the development, after the recent decline in the nation's stock market.
1 min
Can partner with Honda: Espinosa
Nissan Motor Co.'s incoming chief executive officer Ivan Espinosa is open to pursuing a partnership with Honda Motor Co. even after talks for a historic tie-up between the Japanese firms abruptly fell apart last month.
1 min
IndusInd Garners $2 Billion After Lapses
IndusInd Bank garnered $2 billion in higher-cost bulk deposits in March, its biggest monthly haul in at least two years, as the lender shored up its funding base after disclosing accounting lapses.
1 min
India sourcing of Airbus to hit $2 bn
Aircraft maker Airbus' annual sourcing of components and services from India will be ramped up significantly to touch $2 billion before 2030, its CEO Guillaume Faury has said as he emphasised that the country should play on its strengths rather than replicate what others have done in the past.
1 min
Bank of India raises $400 mn dollar loan
Bank of India has raised $400 million via a dollar syndicated loan, according to people familiar with the matter, marking its first such deal since 2012 that expands a list of borrowers tapping global credit markets.
1 min
WeWork India's IPO in abeyance: Sebi
(Sebi) has put the initial public offering (IPO) of premium flexible workspace operator WeWork India Management Ltd in \"abeyance\", an update with the markets regulator showed.
1 min
RIL Halts Purchase of Venezuelan Oil
Reliance Industries Ltd (RIL) has paused further purchases of Venezuelan crude after US President Donald Trump authorized a 25% tariff on countries buying the South American country's oil.
1 min
Toyota Kirloskar Is First Parts Maker To Get Auto PLI: Govt
As per the PLI Auto portal, TKAP has two approved products under the scheme
1 min
Inside the Niche Charm of Indian Micro Schools
Some parents are seeking alternatives to mainstream schools and prefer curriculum that is hyper-personalized
8 mins
Can your family inherit your wealth without legal delays?
In the event of my passing, will my family have immediate access to my investments, bank accounts and other financial assets, or will they be subject to legal formalities? Besides, what steps can I take to ensure a smooth transfer of funds to my beneficiaries?
1 min
Will Sebi's DigiLocker Tweak Solve Unclaimed MF Issues?
DigiLocker integration is likely to streamline mutual fund asset transmission for nominees
3 mins
Angel Investing Is A High Rewards-High Risks Game: Strategies To Stay Ahead
Despite rapid growth, 5,000 startups shut shop in 2024, signalling due diligence risks
1 min
India taxes are buzz-kill for likes of Carson Block
Overseas funds pulled around $15 billion from the Indian stock market this year, data compiled by Bloomberg show
2 mins
It's a good time for India to revise its industrial policy
New Delhi could supplement the PLI scheme with efforts to ease doing business and strike useful trade deals
3 mins
Trump stocks? They're mythical in today's new era of uncertainty
His actions have threatened the world order in ways that all but consign predictability to history
4 mins
India's Billionaire Boom Is Not a Sign of a Hunky-Dory Economy
It reflects deep structural problems and raises questions about an economic model that has yielded little shared prosperity
4 mins
World trade shake-up: India's confidence seems misplaced
We can't rely on the hope that tariffs will hit other countries worse
3 mins
Mint Kolkata Newspaper Description:
Publisher: HT Digital Streams Ltd.
Category: Newspaper
Language: English
Frequency: Daily
The business newspaper “Mint” published by one of the leading media houses of India, Hindustan Times, in association with Wall Street Journal. It aims to connect India to the world and the world to India in terms of business, economy, regulation and policies...
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