Mint Kolkata - April 09, 2025
Mint Kolkata - April 09, 2025
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In this issue
April 09, 2025
India May Ease Up On Import Quality Rules That Riled US
India is considering tweaking some of the import quality rules that the US has flagged as major non-tariff barriers as New Delhi negotiates a trade deal with Washington to lower 26% reciprocal tariffs, according to two people familiar with the matter.
3 mins
Private bank hiring may cool as fewer leave jobs
India's top private sector banks expect the trend of slowing attrition from FY24 to spill over to the just-concluded fiscal (FY25), which could also mean slower hiring in the current financial year as fewer fresh positions open up for new talent.
2 mins
Stocks surge 2% in relief rally, but market may remain choppy
After taking a 5% hit post the US tariff shocker, Indian equity markets finally caught a breather on Tuesday, bouncing back nearly 2%, with a rebound in Asian markets lending some support to investor sentiment at home.
2 mins
Foreign Shipyards Look to Dock at Indian Ports
Hyundai, Mitsui, Hanwha on prowl; Cochin Shipyard may be first to ink deal
4 mins
Apple Plans to Source More iPhones From India as Tariff Fix
Apple plans to send more iPhones to the U.S. from India to offset the high cost of China tariffs, people familiar with the matter said.
2 mins
Normal Monsoon Likely in Farm Boost: Skymet
India is expected to experience a normal monsoon this year from June to September, private forecaster Skymet Weather said on Tuesday, suggesting potential benefits to agricultural output, rural demand and overall economic growth.
1 min
Amid Tariffs, India Domestic Demand a Big Magnet: FM
Finance Minister Nirmala Sitharaman said on Tuesday the resilience of the economy and the strength of domestic demand will continue to make India an engine of growth amid the rapidly evolving global trade landscape as a result of US tariffs.
1 min
China Vows 'Fight to the End' on Tariffs as it Boosts Markets
Rebuke came after Trump threatened to ratchet up tariffs on US imports from No. 2 economy
2 mins
Pharmacy Colleges Found Faking Principal, Faculty Appointments
Some pharmacy colleges are refusing to cooperate with government inspectors and even putting up \"dummy principals and faculty\" during digital inspections, alarming the Pharmacy Council of India (PCI) into threatening these institutions with criminal proceedings.
1 min
Highways identified for e-trucks, buses
Under the PM E-Drive scheme, the Centre had decided to spend ₹500 crore to subsidize e-trucks in FY25 and FY26
2 mins
Magnum dials Pune for ₹900 cr global hub
The Netherlands-headquartered Magnum Ice Cream Co., Unilever Plc's recently demerged ice cream business, is set to open its first global capability centre (GCC) in Pune, with an investment of ₹900 crore.
1 min
India's AI profile rises, but gaps remain, finds Stanford study
Despite progress, India made up only 9.2% of global AI research in 2023, trailing China (23.2%) and Europe (15.2%)
2 mins
JJG Aero seeks fresh fundraise
Aerospace components manufacturer JJG Aero Pvt. Ltd is looking to raise a new round of institutional funding almost a year after its last fundraising effort, at least two people familiar with the development told VCCircle.
1 min
Apple's Satcom Partner Eyes India, Applies to IN-SPACE
Globalstar allows iPhone users to send emergency messages, share locations in off-grid areas
2 mins
Teens under watch: Meta adds safety net amid scrutiny
Meta, TikTok and YouTube face hundreds of lawsuits over addictive nature of social media
1 min
Cyient Earmarks $100 Million for Semiconductor Venture
Domestic technology company Cyient has earmarked a $100 million investment for its newly carved out semiconductor business, a top official said on Tuesday.
1 min
All eyes on IT growth guidance
Fading hopes
2 mins
Soft Yuan pushes Rupee to 2-week low
The rupee fell to a more than two-week low on Tuesday, weighed down by a weaker yuan and corporate hedging demand, while forward premiums eased on rising US bond yields.
1 min
BoB's balance sheet expands, but will investor interest grow?
Bank of Baroda's (BoB) business update for FY25 on balance sheet parameters largely epitomises the problems faced by the banking sector in terms of domestic deposit mobilisation even as growth of advances remains strong.
1 min
Stocks recover, but volatility persists
Fear factor
2 mins
China Lets Yuan Weaken Past Key Level in Potential Exports Boost
China eased its tight grip on the yuan by weakening its daily reference rate past the keenly-watched 7.20 per dollar level amid the dramatically escalating trade war with the U.S.
2 mins
TV, OTTs brace for temporary 20% dip in viewership amid IPL frenzy
Broadcast and streaming platforms are bracing for a customary drop in viewership during the Indian Premier League season.
2 mins
Tech Mahindra bets on GCCs, consulting to drive growth
The consulting unit will run across verticals with support from its artificial intelligence and delivery teams
2 mins
Creators Take First Step to Self-Regulate
Indian Influencer Governance Council Launches a Voluntary Self-Regulatory Code for All Content Creators
2 mins
Shriram Fin eyes licence for primary dealership
Shriram Finance Ltd, one of the largest shadow lenders in India, is seeking to join a select group of entities which underwrite government debt, according to people familiar with the matter.
1 min
Apollo Hospitals Will Invest ₹6,000 Cr To Add 3,500 Beds
Rise in cancer, diabetes cases prompts Apollo to expand hospital network across urban India
2 mins
House that! Godrej Properties sets annual sales record in FY25
Godrej Properties Ltd sold more than 15,000 homes worth a combined ₹29,444 crore in 2024-25, the highest ever by an Indian real estate firm in a year, as top listed developers continued to generate high-velocity sales.
1 min
Govt to Offer Incentives for Up to 25% Electronics Parts
ECMS will start accepting applications from industry stakeholders within three weeks
3 mins
IHG Plans to Bring More Luxury Hotel Brands to India
IHG Hotels & Resorts sees significant potential in expanding its luxury portfolio in India—though not through its existing brand Six Senses, which will not see additional growth for now.
2 mins
Chief Executives Break Silence on Trump Trade War
Business leaders have avoided voicing concerns about tariffs for weeks but some are getting vocal
3 mins
A Leadership Crisis Is Compounding the Decline of the Palestinian Cause
No fresh alternative has emerged to the increasingly unpopular duopoly of Hamas and Fatah
5 mins
The false tariff headline that sent stocks on a $2 trillion ride
A wild stock-market swing based on false information added $2.4 trillion in value and erased it almost as quickly Monday morning.
3 mins
Canada's Economy Is Starting To Crack Under Trade-War Pressure
Canada's economy was already stumbling a few months ago. Now, it is on the brink of recession because of President Trump's tariffs.
3 mins
Elon Musk's DOGE Using AI to Snoop on US Federal Workers
Trump administration officials have told some US government employees that Elon Musk's Department of Government Efficiency (DOGE) team of technologists is using artificial intelligence (AI) to surveil at least one federal agency's communications for hostility to President Donald Trump and his agenda, said two people with knowledge of the matter.
1 min
Haldiram's Delhi, Nagpur units merge
The process of merging Haldiram's Nagpur and Delhi branches to form Haldiram Snacks Food Pvt. Ltd has been completed, informed its chief executive officer Krishan Kumar Chutani on the social media platform LinkedIn.
1 min
Tata Motors Global Wholesales Slip 3%
Tata Motors on Tuesday reported a 3% decline in its group global wholesales, including Jaguar Land Rover, at 366,177 units in the fourth quarter of 2024-25 as compared to the year-ago period.
1 min
MIKA Is Now Among Elite Karting Circuits
(MIKA) in Sriperumbudur has received the CIK-FIA Grade-1 certification, thus placing the facility among the elite karting circuits in the world.
1 min
NCLAT Clears Action on Ex-IL&FS Chiefs
The National Company Law Appellate Tribunal (NCLAT) has allowed state-owned Canara Bank and Indian Bank to pursue proceedings against former Infrastructure Leasing & Financial Services (IL&FS) directors, who are not part of the new board, to declare them as wilful defaulters.
1 min
Bezos funds climate-smart cows plan
The Bezos Earth Fund is putting money into research programmes to breed climate-smart cattle as part of efforts to curb the environmental impact of livestock.
1 min
Court rejects India's extradition plea
The High Court in London on Tuesday refused the government of India's application seeking permission to appeal in Britain's Supreme Court against the discharge of Sanjay Bhandari, the defence sector consultant wanted in Delhi to face charges of alleged tax evasion and money laundering.
1 min
Buffett's 2025 wealth gains stand out amid billionaire wipeout
Among the world's richest people, Warren Buffett is among the rare few whose personal fortunes have grown this year after President Donald Trump's tariffs triggered a selloff that erased trillions of dollars of value from global equities.
1 min
Alcatel gears up for India return
French technology brand Alcatel has earmarked an initial investment of $30 million, about ₹260 crore, as it gears up to re-enter India's mobile phone market after seven years with plans to sell locally-made smartphones, a senior official of the firm said.
1 min
'One state-one regional rural bank' to roll out from 1 May
Finance ministry notifies merger of RRBs in 11 states to improve efficiency, cut costs
1 min
Credit score up? Home loan rates won't drop till you ask
Pay EMIs on time to boost your credit score, renegotiate for better loan terms with your bank
5 mins
GOAL-BASED INVESTING AMID MARKET VOLATILITY IS KEY TO FINANCIAL SUCCESS
Use downturns to realign your portfolios with long-term goals, avoid emotional decisions
2 mins
Time is ticking away for a deal on TikTok's survival in the US
The US complicated matters by turning it into a bargaining chip
3 mins
India must reform its process for the removal of judges
We could set up a judicial service commission to appoint and oust judges with Parliamentary approval
3 mins
The Waqf Act: An opportunity to overcome socio-economic gaps
The new law makes space to unlock the potential of community-held assets by deploying them for the upliftment of Muslims
3 mins
Consistency Is a Clear Virtue, at Least for the Time Being
Apple's latest iPad is a lightweight competitor among productivity devices, but can it stack up against laptops?
4 mins
Artists battle AI with tech to protect ideas
In other AI news this week, Sam Altman changes his views on India's AI strategy
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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