Mint Kolkata - April 04, 2025
Mint Kolkata - April 04, 2025
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In this issue
April 04, 2025
SHOCK AND WOE
Export-focused sectors to face setback, while relative tariff advantage in some sectors may open up export opportunities for Indian companies
4 mins
Builders Take a Fancy to Names That Ring a Bell
In the sprawling suburbs of Bengaluru rises El Dorado, a city of gold in legends but now an upcoming township.
3 mins
The economics of RBI's Poonam Gupta
Poonam Gupta, the newly appointed deputy governor of the Reserve Bank of India, has less than a week to prepare for the three-day monetary policy committee meeting beginning Monday.
2 mins
UPI transactions soar in FY25 but fall short of govt target
UPI payments are free of cost for users, with the Centre terming the platform a public good.
2 mins
New MSME definitions spell more business, bigger benefits
Micro, small, and medium enterprises have new definitions that promise to open doors wider for them starting this financial year as well as improve their chances of securing delayed payments faster.
1 min
Thailand, India for rules-based order in Indo-Pacific
India and Thailand on Thursday decided to elevate their relations to the level of a strategic partnership with Prime Minister Narendra Modi asserting that both the countries support a free, open, inclusive, and rules-based order in the Indo-Pacific, and believe in a policy of development, not expansionism.
1 min
Looking forward to intensifying ties with India
German ambassador Philipp Ackermann said his country will have a new government soon, but there will be a \"huge continuity\" when it comes to the political relationship with India and Berlin will continue its focus on New Delhi.
1 min
Mental health cos bet on in-person therapy
Startups double down on brick-and-mortar centres as demand climbs
2 mins
Digital Lender Kissht Prepares for $225 Mn IPO
Kissht, an online lending platform, is preparing to tap the capital markets with an initial public offering (IPO) and has hired investment bankers for the process, two people aware of the development told Mint.
1 min
IPOs back on radar: Equirus Cap's Shah
There has been a revival in the number of companies going public in India, said Bhavesh Shah, managing director and head of investment banking at Equirus Capital, at the Mint India Investment Summit.
1 min
Hindalco ups the ante: More metal, stronger margins
Inching up Novelis has seen good growth in its Ebitda per tonne over the past decade and plans to improve it further to $600 in the long-run.
1 min
NHPC eyes another ₹2,000 cr via asset securitization in FY26
NHPC Ltd is considering raising about ₹2,000 crore through the securitization of assets in the upcoming financial year, according to two people in the know, as the state-run hydropower major seeks to raise funds for expansion.
1 min
Will lower tariffs be a draw for FPIs?
Reversal of fortunes Markets have consistently delivered strong returns following a reversal from FPI outflows to inflows.
1 min
Can India Dodge Trump's Tariff?
S President Donald Trump announced sweeping reciprocal tariffs on its trading partners on 2 April, a move aimed at reducing dependence on foreign products amid the country's ballooning trade deficit.
2 mins
Lava eyes expansion before taking on foreign rivals
The executive director at Lava did not disclose the valuation for its current funding effort
2 mins
Builders open doors to names that ring a bell
Project names are also catering to a wider customer base with growing numbers of non-resident Indians
1 min
Ambuja Cements gets Delhi HC notice
The Delhi high court has issued a notice to Adani Group's Ambuja Cements on a plea by the Delhi stamp duty department, which seeks to recover ₹218.87 crore in stamp duty and ₹69 crore in penalties for its merger with Holcim (India) Pvt. Ltd.
1 min
Status quo on critical minerals, but race won't ease for India
China refines 68% of the world's cobalt, 65% of nickel, and 60% of lithium of the grade needed for EV batteries
2 mins
Med devices supply chains could be hit
Indian medical device makers are staring at a major trade setback after the US administration slapped a steep 27% tariff on exports from India.
1 min
India braces for economic ripples as US imposes tariffs
India's challenge is managing immediate disruptions while positioning for long-term gains
4 mins
India May Have An Edge Over China, Vietnam In Solar Parts Exports
India's solar module exports accounted for 4.7% of US solar imports in Q1 of 2024, data from CEEW showed
2 mins
Key sector exports, supply chains likely to be shaken up
The reciprocal tariffs imposed by US President Donald Trump will disrupt Indian exports in key sectors such as engineering and electronic goods, potentially reshaping supply chains and cutting export revenue as businesses brace for impact.
2 mins
Export of jewellery and gems set to face tariff grind-down
Cut and polished diamonds accounted for 57% of India's total gems and jewellery exports to the US in FY24
2 mins
Petroleum product exports to the US may be impacted
As the US has announced about a 27% tariff on imports from India, petroleum products exports to the country are set to witness a major impact going ahead, said sector experts.
1 min
Pharma sector stays under the radar in relief for India; may blip later
India's pharmaceuticals sector, among the domestic industries most dependent on trade with the US, for now appears to have dodged the heavy reciprocal tariffs US President Donald Trump announced on 2 April.
2 mins
Indian Equities, Currency, Bonds Stable Amid Global Spin
It's possible that the impact of tariffs was already priced in, leading to a softer market reaction
3 mins
Advantage, textiles and leather
The universal and reciprocal tariffs that US President Donald Trump announced on April 2 has put Indian textile and leather sectors at a relative advantage over their peers.
1 min
Indian toy makers eye export boost as rivals face more levies
A global shake-up in the toy trade is underway, and India may have just been dealt an unexpected advantage.
1 min
Shrimp, seafood, agri exports set to lose price advantage
India's shrimp, basmati rice, and buffalo meat exports to the US—a trade worth billions—are in jeopardy as President Donald Trump slapped a 27% 'reciprocal' tariff on Indian imports.
2 mins
Trump's sweeping tariffs fail basic test of careful analysis
Rates have been calculated using a simple formula for a metric unrelated to tariffs
3 mins
No new shocks for Indian steel, aluminium, auto companies
The tariff on auto parts will weigh on Indian suppliers' margins as US car firms cannot pass the entire cost hike to customers
2 mins
BMW Triples EV Sales in India
Despite overall auto industry scepticism over EV adoption, BMW sees strong demand from urban centres
2 mins
Indians will spend $410 bn on travel; we will be part of it
Dusit Intl is re-entering India with a focus on tier-II and -III cities, targeting 3,000 rooms in three years
1 min
Quick commerce unlocking new sales layers for consumer brands
Direct-to-consumer online brands should consider venturing into offline retail as soon as they hit the ₹100-crore mark to prevent stagnation of revenues and open up sales channels, said Swati Kulkarni, director at early-stage venture capital firm Fireside Ventures.
2 mins
Zuckerberg lobbies Trump to avoid Meta antitrust trial
Mark Zuckerberg is lobbying President Trump and White House officials to agree to a settlement that would prevent Meta Platforms from facing an antitrust trial later this month, according to people familiar with the matter.
3 mins
How North Korea Cheated Its Way to Crypto Billions
It has swiped more than $6 billion in cryptocurrency over the past decade
5 mins
Fed up with situationships, Gen Z is ready to commit
For some, the shift away from traditional relationships has been a positive choice
4 mins
Sebi exempts govt from Vi open offer citing public interest
This follows govt's acquisition of a significant stake in the indebted telecom operator
1 min
India's petrol demand to peak by 2035, diesel by 2041
India's gasoline demand is expected to peak by 2035, and gasoil (diesel) consumption by 2041 or beyond as motorists shift to cleaner fuels, an executive at Reliance Industries said on Thursday.
1 min
Tech key to become $7 tn economy
As India looks to become a $7 trillion economy by 2030, the tech sector is poised to play a pivotal role by contributing about $1 trillion to India's GDP (gross domestic product), driving innovation that solves both domestic and global problems, Nasscom president Rajesh Nambiar said on Thursday.
1 min
Ola Starts Same-Day Delivery of Vehicles
Ola Electric on Thursday said it has commenced an initiative for same-day registration and delivery of vehicles.
1 min
Indian defence firm, Israeli co-sign MoU
An Indian defence firm has signed a memorandum of understanding (MoU) with an Israeli company to bring advanced drone camera technology to the country, officials said on Thursday.
1 min
Investments Rise in Indian Real Estate
Institutional investments in Indian real estate increased 31% in January-March this year to $1.3 billion, driven by a sharp jump in inflows in the residential segment, according to Colliers India.
1 min
Dabur Sees Decline in Q4 Revenue
Home-grown fast-moving consumer goods (FMCG) major Dabur expects its revenue to decline in the March quarter, impacted by slowdown in urban markets and a contraction of 150-175 basis points in operating profit margin due to inflation.
1 min
NCLT dismisses plea against Zomato
(NCLT) Delhi on Thursday dismissed an insolvency plea filed against food delivery giant Zomato by uniform supplier Nona Lifestyle over an alleged payment default of ₹1.64 crore.
1 min
Tonbo Imaging gets ₹175 cr in Series-D
Defence technology startup Tonbo Imaging on Thursday said it has secured ₹175 crore in its Series D pre-initial public offering (IPO) funding round from Florintree Advisors, Tenacity Ventures and the Export-Import Bank of India.
1 min
ONGC Secures Loan From Bank of India
Oil and Natural Gas Corp. (ONGC), the largest crude oil and gas company in India, has secured a $200 million loan from Bank of India, said Rajneesh Karnatak, the bank's chief executive and managing director, responding to a Bloomberg query.
1 min
Marico Sees Uptick in Volume in Q4
Marico has witnessed a sequential uptick in volume with an improvement in market shares across its key franchises during January-March quarter of FY25, but the firm expects a contraction in gross margins due to high copra and vegetable oil prices, the home-grown fast-moving consumer goods (FMCG) firm said in a quarterly update on Thursday.
1 min
The New Challenge: Saving Pepsi From Decline
After its cola dropped to No. 3, PepsiCo is trying to win back soda drinkers; 'maybe we lost the focus'
7 mins
PPFAS Counters Mis-selling With a Client-First Approach
Parag Parikh Financial Advisory Services (PPFAS) Ltd's flagship flexi-cap scheme has a cult following in the mutual fund space. After all, it has generated a compound annual growth rate (CAGR) of 18% since its launch in 2013.
3 mins
DTAA claims flagged? Updating Form IOF may resolve tax issues
My relative gifted me funds in my NRO account from hers. Do I need a CA certificate to transfer it abroad?
2 mins
Claims made easy: EPFO ditches cheque uploads
EPFO also removed the need for attested bank passbook for online PF withdrawals to fast-track claims
1 min
NEW TDS RULE ON PARTNER PAYMENTS RAISES SIGNIFICANT COMPLIANCE CONCERNS
Partners may face excess TDS deductions, leading to blocked funds & refund claims
3 mins
Sebi Should Review Market Infrastructure Institutions
The Indian capital market's regulatory regime has seen fast-paced reforms in areas of operational-risk management such as contract settlement cycles, public offer processes, and so on.
3 mins
Shock-and-awe tariffs: Too faint a silver lining
Trump's 'Liberation Day' tariff thwack will ravage world trade and harm America. India's economy may get hit less than peers, but as goods export prospects dim, we need trade buffers
2 mins
Our mop-up of direct taxes is a clear sign of economic strength
Better tax administration and compliance played a role but let's thank the economy's momentum
3 mins
America's Liberation Day Tariffs Target the WTO's Playing Field
Levies announced by the US have effectively declared war on global trade protocols as part of Donald Trump's dramatic reset
3 mins
A thank-you note for tough bosses who went unloved
In the middle of a hectic news cycle, I once managed to get about six byline credits in the newspaper I worked for.
4 mins
Trump's Tariffs Are a Wake-Up Call for India: Go for Reforms
India's best bet is to revive liberalization and forge new trade ties
3 mins
Japanese carmaker Toyota's latest Camry Is more than just a boring, practical car. It's edgier, spacious and offers the latest tech
Every once in a while, a car comes along that makes you sit up and take notice.
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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