Mint Kolkata - April 02, 2025
Mint Kolkata - April 02, 2025
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In this issue
April 02, 2025
Cloudy world casts shadow over IT Inc.'s year ahead
The Big Five of India's IT services may grow slower in the year ahead as Donald Trump's tariff war threatens to hurt their large clients in the US, multiple analysts said.
2 mins
Resurgent Power Ventures investors weigh stake sale
ICICI Venture and foreign investors who jointly own nearly three-fourths of Resurgent Power Ventures are planning to sell their stakes in the Tata Power-backed platform, two people aware of the development said.
2 mins
Stocks slump amid Trump tariff jitters
Tuesday was the worst day for the Indian markets since 28 Feb
2 mins
Net GST collection in March jumps 7.3% to ₹1.77 tn
Central and state governments collected ₹1.77 trillion in goods and services tax (GST) in March after adjusting for refunds, 7.3% more than receipts in the same time a year ago, official data showed.
1 min
US flags 'Make in India' as trade barrier
One of the key concerns for the US remains India's high tariffs, particularly on agricultural products
2 mins
China Willing to Buy More Indian Goods, Says Envoy
The two countries are taking steps to rebuild their ties after a 2020 border clash soured relations
1 min
New highway construction may have hit seven-year low in FY25
India's highway construction is expected to have slowed to a seven-year low of around 7,000km in FY25, as the government prioritized maintenance, strengthening projects, and complex infrastructure over rapid expansion, according to two people familiar with the matter.
1 min
Growth Outlook Resilient for FY26 But Trade Risks Loom
Sustained government spending and a potential revival in private investments back outlook
2 mins
Infra.Market Backers Plan $30 Million Pre-IPO Stake Sale
The startup, valued at $2.7 billion in a January funding round, plans to list later this year amid India's infra boom
2 mins
M&A deals likely to surge in FY26 amid market volatility
Corporate cash reserves to fuel dealmaking, led by infrastructure, healthcare, energy sectors
2 mins
Indian private markets poised for new era
India is seeing more domestic capital flow into private markets due to financialization of savings, growing entrepreneurship culture, and good returns, experts said at Mint India Investment Summit and Awards 2025 on Saturday.
1 min
Wellness co Kapiva eyes Series D funding
Ayurvedic wellness brand Kapiva plans to raise fresh equity funding, which may provide an exit to one of its early backers, at least two people in the know told VCCircle.
1 min
BYD's Q1 sales soar 58%, topping Tesla
China's BYD Co. enjoyed a strong start to 2025, with sales up 58% in the first quarter versus the same period last year.
1 min
Centre probes Ola, Uber fare gap on Android, Apple OS
If proven, such pricing models may be classified as unfair trade practice under India's consumer protection laws
1 min
RBI to focus on better service, protection
The Reserve Bank of India (RBI) will push for wider financial inclusion and enhancing customer service and protection, governor Sanjay Malhotra said on Tuesday.
1 min
Aditya Birla's paper biz sale amplifies focus on real estate
A breather The paper business sale is expected to reduce the pressure on ABREL's balance sheet.
1 min
Will orders drive L&T re-rating?
Shot in the arm A robust tender pipeline of Gulf nations could give L&T's overseas order inflow prospects a fillip.
2 mins
One in every five derivative traders dabbles only in F&O
The data shows that 29.1 million individuals traded exclusively on the cash segment in the year through February 2025
2 mins
Trump Spurs India-Dedicated Fund Flows
US flows fade, India gains
2 mins
Car Dealers Troubled by Low Demand as Inventory Builds
Automakers Offer Discounts as Inventory Surges From a Week in Jan to Up to 55 Days in Mar
2 mins
Ola Holds March Sales Figures; Says Will Clear Backlog in April
In March, Bajaj Auto Claimed the Top Spot in the Electric Two-Wheeler Market With 34,863 New Registrations
2 mins
Two-, three-wheeler cos get quarter of FY25 EV subsidies
The Union ministry of heavy industries spent ₹422 crore—about 27% of its FY25 allocation—towards subsidies for electric two- and three-wheelers under the Centre's flagship electric vehicle (EV) subsidy scheme this fiscal till February, a media statement from the heavy industries said on Tuesday.
1 min
Indian diaspora offers overseas growth opportunity for local OTTs
Indian viewers overseas prefer deeply rooted narratives, older Bollywood and regional language classic movies
2 mins
Piramal to get recovery from DHFL's fraudulent deals: SC
SC found that the distribution mechanism of the resolution plan did not violate any provisions of the RBI or NHB acts
2 mins
Deregulation Poised to Spur Growth as Fiscal Drag Eases
The government is capable of supporting growth and exceeding deficit targets, said Mishra
3 mins
Godfather beer co ready to launch premium craft gin
The maker of Godfather beer and GianChand single malt, DeVANS Modern Breweries Ltd, is preparing to enter the premium craft gin market even as it launches more premium single malt whiskies and ramp up its beer production.
1 min
Vi starts hunt for new CEO as Moondra's term nears end
Incumbent's 3-year term ends in Aug; Vi may consider CXOs from consumer and tech sectors
2 mins
Insolvency plea: NCLT issues notice to SP Group
The National Company Law Tribunal (NCLT)-Mumbai on Tuesday issued a notice to real estate giant Shapoorji Pallonji & Co. Pvt. Ltd (SPCPL), seeking its response to an insolvency plea over an alleged default of ₹2.72 crore.
1 min
Zuckerberg Tries to Enlist Trump in Fight Against Meta EU Ruling
Mark Zuckerberg was quick to jump on board with President Trump earlier this year. Now he is calling in a favor.
3 mins
Donald Trump Wants NATO To Spend More. Europe Pitches Redefining Defense To Get There.
U.S. call to spend 5% of GDP on militaries prompts talk of including more fields linked to modern warfare
4 mins
The clock is ticking loudly for Intel's new boss
Investors have so far welcomed Tan, sending Intel's stock up 10% since his appointment in March
3 mins
EU Has 'Strong Plan' To Tackle Trump Tariffs, Von Der Leyen Says
The European Union has a plan to counteract the swathe of tariffs U.S. President Trump is planning to impose on foreign goods, European Commission President Ursula von der Leyen said.
2 mins
'Defence exports surge in 2024-25'
India's defence exports have surged to a record high of ₹23,622 crore (approx. $2.76 billion) in 2024-25 registering a 12.04% growth over the previous fiscal, defence minister Rajnath Singh said on Tuesday.
1 min
Foxconn adds machinery in India
Taiwanese electronics giant Foxconn has added a new batch of machinery worth ₹276 crore at its India unit to ramp up manufacturing of Apple devices, said a person.
1 min
Judge dismisses J&J unit's bankruptcy
A federal judge rejected Johnson & Johnson's (J&J's) third attempt to use bankruptcy to set up a multibillion-dollar trust fund to pay women who claim they got cancer using baby powder and other products allegedly tainted with a toxic substance.
1 min
RBI wipes out record cash crunch
Indian banking liquidity turned to surplus for the first time in more than three months as aggressive fund injections by the central bank helped erase one of the worst-ever cash crunches in the financial system.
1 min
Food delivery apps get 21k complaints
More than 21,000 consumer grievances against online food delivery apps have been registered with the food regulator Food Safety and Standards Authority of India (FSSAI) in the last five fiscal years.
1 min
OpenAI finalizes $40 billion funding at $300 billion valuation
OpenAI, the artificial intelligence (AI) company behind ChatGPT, said it has finalized a funding round that will bring in $40 billion from SoftBank Group Corp. and other investors at a $300 billion valuation, including money raised.
1 min
Gold surges ₹2,000 on strong demand
Gold prices surged ₹2,000, the steepest in nearly two months, to hit a fresh peak of ₹94,150 per 10 grams in the national capital on Tuesday amid persistent buying by stockists and jewellers, according to the All India Sarafa Association.
1 min
ICICI Bank to exit ICICI Merchant
ICICI Bank has said it plans to exit from its associate ICICI Merchant Services Pvt. Ltd by selling the entire 19% stake in the company.
1 min
Samsung Names Consumer Unit Chief
Samsung Electronics appointed its mobile chief Roh Tae-moon as acting head of its consumer and smartphone business on Tuesday, following the death of his predecessor, Han Jong-Hee, a week ago.
1 min
CAG flags lapses in telecom, IT ministry
(CAG) has flagged serious lapses in the functioning of the ministry of communications and the ministry of electronics and information technology (Meity), raising concerns over revenue losses, weak oversight, and inefficient policy implementation in key projects.
1 min
Govt to widen availability of meds at its generic drug stores
At present, 2,047 medicines and 300 surgical items are sold at Janaushadhi kendras
1 min
How Borrowers Can Save Big With Home Loan Overdrafts
Opting for OD over a regular home loan depends on surplus availability, financial discipline
4 mins
Art Of Investing In Equities:Buying At The Right Time Is Only Half The Story
Never try to predict market peaks & troughs and sell when a stock becomes overvalued
3 mins
Fast thinking instead of slow is the great enabler of digital fraud
Technology has short-circuited how we apply our minds—with baleful effects we need to be wary of
4 mins
Tamil Nadu's Call for Equitable Federalism Has a Basis
The 16th Finance Commission Has an Opportunity to Rebalance Centre-State Relations for India's Sake
3 mins
We must track trade turbulence amid a benign inflation scenario
India's monetary policymakers will need to calibrate their approach by the potential effects of America's new import tariffs
3 mins
The Global South must leverage DPI for climate action
Tech innovation offers ways to tackle today's climate crisis that are free of the rich world's whims
4 mins
Is Tina Fey's objection to 'side hustles' by wealthy folks valid?
Celebrities doing brand endorsements need not be a sign of greed
3 mins
This summer, stay cool and light up smartly
Fans and lights are no longer utilitarian products. These sleekly designed connected devices will give your home a smart makeover
2 mins
Three Exciting Games to Save the World from Evil
New Adventures Plus a Beloved Game Remastered Before Its Next Season
1 min
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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