Mint Kolkata - April 03, 2025
Mint Kolkata - April 03, 2025
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In this issue
April 03, 2025
Macrotech accuses Abhinandan co of forgery
The Lodha versus battle rekindled on Wednesday, with Abhishek Lodha-led Macrotech Developers Ltd accusing entities owned by younger brother Abhinandan of forging documents to gain access to the prized brand name.
2 mins
Wockhardt to pull plug on US generics biz, push antibiotics
Wockhardt Ltd that built its name as a maker of generic drugs is shifting its focus in the US market to developing new antibiotics, turning away from generics and entering a space largely vacated by Big Pharma in recent years.
4 mins
Lenders seize smid shares as prices fall
Creditors invoke securities pledged by owners to borrow loans
2 mins
Centre, Delhi to ink agreement on PMJAY
The National Health Authority will sign a deal with the Delhi government on 5 April to extend the Centre's free health insurance scheme to more than 654,000 families in the Union territory.
1 min
Farm output growth of over 4% is the new normal: Niti Aayog's Chand
A growth of more than 4% in farm output, which now accounts for 18% of the country's economy, is the new normal, sustaining long-term low food inflation, Niti Aayog member Ramesh Chand said in an interview.
2 mins
Good progress in FTA talks
India and the European Union (EU) have made \"good progress\" on some aspects of talks for a free trade agreement (FTA) that both sides want to conclude by the year-end, with US threats of tariffs strengthening the rationale for it, EU ambassador Hervé Delphin said.
1 min
Rlys to run more coal rakes to avert summer power crisis
Average number of rakes deployed is expected to rise to 470 a day from 440 rakes last year
2 mins
Lok Sabha Clears With Changes An Amended Banking Laws Bill
The Lok Sabha on Wednesday cleared the Banking Laws (Amendment) Bill, 2024, which aims to strengthen governance standards in the sector and ensure better protection for depositors and investors.
1 min
SBI seeks fintech partners to help customers print own debit cards
India's largest lender State Bank of India (SBI) is scouting for fintechs that can help it gain an edge over competitors with debit card solutions, including an option for customers to print their own cards at kiosks.
1 min
Mfg PMI rebounds, risks persist
After falling to a 14-month low of 56.3 in February, the seasonally adjusted HSBC India Manufacturing PMI rebounded to 58.1 in March, marking its highest level in eight months.
2 mins
Green bonds to get another shot, govt plans to raise target
While developed markets achieve a greenium of 3-8 basis points over conventional bonds, in India it's limited to 2-3 bps
2 mins
V-Mart exits FY25 in style, but competition threat lingers
Investors in V-Mart Retail Ltd appear thrilled with its business update for the March quarter (Q4FY25) and are likely expecting another good year.
1 min
Culture most vital aspect of how you run a GCC: Tesco's Mitra
We created a service model framework to streamline 700 Tesco processes to 10 Sumit Mitra CEO, Tesco Business Solutions
2 mins
Startups Look Overseas as AI Reshapes Global Insurance
Facing more competition, startups are expanding into West Asia, Southeast Asia, and Europe.
2 mins
AI firms' flexible workspace demand rises
Flexible workspace providers are seeing higher demand for office space from artificial intelligence companies and AI-first businesses, with a bulk of the leasing happening in Bengaluru, Pune, and Hyderabad.
1 min
Tatas get semicon veteran Ang to lead Dholera chip fab
Ang, with nearly three decades of work experience, will head the group's chip manufacturing business
1 min
Kotak Eyes $2 Billion for New Private Credit Fund
Kotak Alternate Asset Managers Ltd aims to raise up to $2 billion for a new private credit fund to tap the growing demand for such products in India, according to its chief executive officer (CEO).
1 min
Beams Fintech Fund backs Infinity
Beams Fintech Fund, a growth-stage private equity firm that invests in financial services and financial technology companies, said Wednesday it has invested in non-bank lender Infinity Fincorp Solutions Pvt Ltd.
1 min
Alternative Dispute Resolution Suffering
The state remains the biggest litigant and often resists arbitration-based resolutions, the legal experts said
2 mins
Filmmakers Peeved by Censored Versions of Theatrical Films on OTT
Films released in theaters that then make their way to streaming services are sometimes seeing cuts and modifications, much to the chagrin of the makers who considered these as democratic media allowing free expression.
2 mins
TCS, KLA, Applied among 35 firms eyeing SCL Mohali rejig
The companies are expected to submit their bids by 16 April for the ₹4,000 crore contract
2 mins
'Behavioural edge critical to create alpha, beat the crowd'
At the Mint India Investment Summit 2025, Nimesh Chandan, chief investment officer of Bajaj Finserv Asset Management Ltd, unveiled the hidden battlefield where human psychology wages war against rational investment strategies.
1 min
Weikfield plans expansion, eyes IPO in 3 yrs
The company may turn to acquisitions to expedite growth in the ready-to-eat segment
1 min
IPL recession-proof for fast food chains
Consumers continue to order in while watching the Indian Premier League (IPL) matches, and fast food chains continue to see year-on-year growth during the IPL season.
2 mins
My investments must have a personal story
It is inevitable to burn your fingers a few times, said Abhishek Bachchan
3 mins
Tesla sales drop to lowest since 2022 amid Musk backlash
Demonstrations have picked up in recent weeks in response to Elon Musk asserting himself in support of far-right causes
2 mins
Investors bet clarity on tariffs will bring stability to markets
Stocks' calm this week shows investors continue to bet that clarity on trade will bring stability to markets.
3 mins
Brazil Looks Like a Winner in the Global Trade War
Exporters bank on higher Chinese demand as Latin American power looks for new trade opportunities
4 mins
Visa offers roughly $100 mn to take over Apple's credit card
The network that locks in this deal is expecting to stay close to the tech giant's future payments efforts
2 mins
Amul's revenue rises 11% in FY25
Gujarat Co-operative Milk Marketing Federation Ltd (GCMMF), which sells dairy products under the 'Amul' brand, recorded an 11% rise in its revenue ₹65,911 crore for the last fiscal, mainly driven by an increase in volumes across all categories, its managing director Jayen Mehta said.
1 min
Vedanta seeks global partner
Indian metals-to-oil conglomerate Vedanta is looking for a global company to partner with on expansion projects worth $20 billion across zinc, aluminium, copper, iron, steel, oil, gas and power, as per a tender document.
1 min
Markets rebound ahead of US tariffs
Stock markets rebounded on Wednesday with benchmark Sensex closing higher by nearly 593 points on strong macro data and value buying in banking and auto shares after recent free fall, even as investors awaited US tariff announcements that are expected later in the day.
1 min
Air India's 737 Max windfall nears end
Air India Ltd.'s windfall of 737 Max jets amid a broader shortage of new planes is coming to an end.
1 min
Poonam Gupta is RBI deputy governor
India appointed former World Bank and International Monetary Fund economist Poonam Gupta as the new central bank deputy governor for a three-year term, the government said on Wednesday.
1 min
Reliance, BLAST to form joint venture
Reliance's wholly-owned subsidiary RISE Worldwide has entered a partnership with BLAST Esports to form a joint venture (JV) to conduct esports business in India, according to a joint statement.
1 min
Maruti to hike car prices from 8 April
The country's largest carmaker Maruti Suzuki India on Wednesday said it will increase prices of various models by ₹2,500-62,000, from 8 April.
1 min
Higher Max Temperatures to Hit Farm Costs, But Not Sowing
IMD warns of hotter-than-usual summer in most parts of the country this year
1 min
Meet the Bookkeeper to India's MSMEs
Tally Solutions' accounting software is used by one in every four MSMEs. Now, it is gearing up for the AI age
8 mins
How you can withdraw a part of your funds from EPF
Members are allowed to withdraw part of their funds for marriage, education or illness
3 mins
What are tax-efficient alternatives to liquid funds?
I am a 62-year-old investor with moderate risk tolerance and a large portfolio of stocks and equity mutual funds. I invested ₹30 lakh in HDFC, Axis and ICICI Prudential asset management companies' liquid funds in April 2023.
1 min
THESE TAX-EFFICIENT FUNDS MAY BE JUST RIGHT FOR YOU AS INTEREST RATES EASE
Income plus arbitrage FoFs capitalize on opportunities across debt and equity arbitrage
3 mins
India has a basic consensus today on school education
A remarkable convergence of views on this elementary matter makes space for optimism
4 mins
Leap from cost competitiveness to innovation-led manufacturing
India can turn its low-cost production base into a technology-driven industrial force of high value
3 mins
Social media ad targeting could face a mass rebellion
Platforms must change their ways—just as the tobacco and fast-food industries found they had to
3 mins
American exceptionalism: Is it finally staring at its sunset?
America thrives on risk and opportunity but even that can change
3 mins
Sebi's regulatory philosophy and reforms: Well begun is half done
Observers of India's securities market and its participants have reason to feel reassured by chairman Pandey's statements
4 mins
A show about finding a home in the world
A multidisciplinary exhibition looks at the idea of home through varied lenses
2 mins
The Man Who Created Nike's Air Jordan
Sonny Vaccaro led a colourful life, working as a conduit between the sport's biggest talents and businesses
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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