Mint Kolkata - April 11, 2025
Mint Kolkata - April 11, 2025
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In this issue
April 11, 2025
Virat Kohli to partner with Agilitas as Puma deal ends
Star cricketer Virat Kohli is set to join sports athleisure firm Agilitas as an investor, multiple people aware of the matter said, with his eight-year contract worth around ₹110 crore with German sportswear giant Puma coming to an end.
2 mins
Street May Party on Halt in Tariffs, But Caution Is Key
A sparkling stock market opening expected on Friday is no reason to disregard caution, and investors loaded up on equities should seize the opportunity to book some profits, market veterans said.
2 mins
Trump turns tariff war into high-stakes showdown with China
By pausing global tariffs against dozens of countries and raising them on China, President Trump has set up a high-stakes showdown in hopes he can pressure Beijing into a face-saving deal after weeks of global turmoil.
3 mins
Headhunters are poaching talent, this time for self
Companies across sectors task executive search firms to find suitable candidates for open positions. But these headhunters are now poaching talent from India Inc. itself to hire for their own roles.
2 mins
India eyes stitching FTAs in tariff pause
Trade agenda includes FTAs with EU, UK, New Zealand, Asean
3 mins
TCS slips on revenue, beats estimates, sees better FY26
Slow crawl
3 mins
Railways to dig ponds along tracks to conserve water
The government has roped in Indian Railways to dig ponds along rail tracks to aid Mission Amrit Sarovar, a project aimed at conserving water resources across the country, two people aware of the matter said.
1 min
Moody's Cuts '25 Growth Forecast to 6.1%
GDP growth in the December quarter stood at 6.2%, rebounding from a near two-year low in the previous quarter
2 mins
India to Speed Up Customs Agreements to Boost Trade
India May Sign Deals With Customs Authorities of Singapore, South Africa, and Possibly the UK
2 mins
Centre May Revisit Rural Fund Amid Livelihood Stress
The government may revise allocations to the Rural Infrastructure Development Fund (RIDF) later this year following a broader expenditure review aimed at bolstering the rural economy, two people familiar with the matter told Mint.
1 min
Legal cell for every ministry mooted to cut litigation costs
In an effort to cut the government's litigation costs, the Union law and justice ministry has proposed creating additional legal cells in each ministry for oversight on each instance of litigation, along with a scale to rank the importance of each matter.
1 min
Bonds swing globally on Treasury turbulence
Global bonds reacted violently to a turbulent day for US Treasuries, with markets rapidly unwinding bets on interest-rate cuts in the wake of US President Donald Trump's surprise pause on tariffs.
1 min
Uncertainty persists for pharma
US President Donald Trump's latest 90-day pause on tariffs on all nations except China should come as a breather for Indian pharma stocks. The Nifty Pharma index is down about 5% from its close on 2 April.
2 mins
How co-lending, gold loans will change
The Reserve Bank of India (RBI) has proposed changes to harmonize lending norms across regulated entities.
3 mins
Phoenix Mills Q4 update signals softer retail momentum
Buying spree?
1 min
Trump turns tariff war into high-stakes showdown with China
By pausing global tariffs against dozens of countries and raising them on China, President Trump has set up a high-stakes showdown in hopes he can pressure Beijing into a face-saving deal after weeks of global turmoil.
1 min
Board to Lead as ONDC Chief Steps Down After 3-Year Stint
Responsibilities of MD and CEO shifted to executive panel; Koshy to advise till his exit
2 mins
Prada Shells Out $1.4 Billion to Bring Versace Home
The Versace deal comes after Andrea Guerra became Prada's CEO in 2023
2 mins
Bharti Hexacom Puts ₹1,134 Crore Tower Sale on Hold
Bharti Airtel-owned Bharti Hexacom has put on hold its deal to sell 3,400 towers for ₹1,134 crore to Indus Towers, following an intervention by state-owned Telecommunications Consultants India Ltd (TCIL), which holds a 15% stake in the firm.
1 min
Meta Preps Compliance With Data Law, But Flags Child Safety
Rob Sherman, VP of policy and deputy chief privacy officer, said Meta's India operations won't be hindered
2 mins
ESR India, Xander Plan Warehouse Sale
Xander Investment Management set up a $250 million industrial real estate venture in 2019
2 mins
Court Clears Sun Pharma to Launch Alopecia Drug in US
Sun Pharmaceutical Industries Ltd, which has been embroiled in a patent lawsuit in the US since last year over its specialty drug Leqselvi, received a favorable ruling from a court, paving the way for the drug's launch in America, it said on Thursday.
1 min
Music labels spar with film producers over soundtrack costs
Depending on specific contracts, streaming platforms pay music labels between 50 paise and ₹2 per stream
2 mins
Mercedes' Quarterly Sales Hit by Slump in Entry-Level Luxury Cars
Mercedes Benz's India car sales in the January-March period fell 12% on-year as demand for its entry-level luxury cars priced below ₹60 lakh declined.
1 min
AGS Transact Chair Says Staff To Be Paid Salaries In Tranches
Goyal says the firm has to make 'tough but necessary decisions', including downsizing ops
3 mins
Religious Tourism Surge Lifts Private Jet Demand in 2025
Religious tourism is a key growth segment for private aviation, though demand remains seasonal and event-driven
2 mins
Trump's Tariff Break Provides India Electronics a Trade Edge
The move aids both India and Apple, as India's role in iPhone assembly continues to grow
2 mins
Why Donald Trump Blinked on Tariffs Just Hours After They Went Into Effect
Treasury secretary Bessent helped persuade the US president to take time to negotiate with trading partners
5 mins
The hottest pre-IPO stock? An AI robotics startup with bold claims, little revenue
Figure has signed BMW as its first commercial customer and predict it will generate $9 bn in revenue by 2029
4 mins
OPEC+ struggles to rein in Kazakhstan despite Saudi's ire
OPEC+ stunned oil traders last week by announcing it would revive oil output at 3 times the scheduled pace in May
2 mins
US extradites key suspect in '08 Mumbai attacks that killed 166
The US has extradited one of the suspected plotters of the 2008 Mumbai attacks in which 166 people were killed over three days, the National Investigation Agency (NIA) said on Thursday.
1 min
Baldota announces steel sector foray
Renewable energy player Baldota Group on Thursday said it plans to venture into the steel sector with an investment of ₹54,000 crore for setting up a project in Karnataka with up to 10.5 million tonnes of (mt) production capacity.
1 min
JLR India reports record retail sales
Jaguar Land Rover (JLR) India on Thursday reported the best-ever performance in a fiscal with retail sales of 6,183 units in FY25, a growth of 40% over FY24.
1 min
Audi Expands EV Charging Initiative
Carmaker Audi India on Thursday said it has installed over 6,500 electric vehicle (EV) charging points across the nation.
1 min
Asean bloc seeks dialogue with US
Southeast Asian countries are pressing for dialogue with the US on trade tariffs and will not impose retaliatory measures, economic ministers of the regional bloc Association of Southeast Asian Nations (Asean) said on Thursday.
1 min
Airbus Delivered 136 Planes in Q1
Airbus SE delivered 136 commercial aircraft in the first quarter, enough to edge out Boeing Co. after stepping up its pace of handovers in March.
1 min
Biocon Biologics gets USFDA nod
Biocon Biologics on Thursday said it has received an approval from the US health regulator to market a cancer treatment biosimilar product.
1 min
Brazil Gives Nod to OneSource's Unit
OneSource Specialty Pharma on Thursday said its flagship unit has received approval from the Brazilian health authority ANVISA (Agência Nacional de Vigilância Sanitária).
1 min
Coromandel seeks nod for NACL stake
Urugappa Group firm Coromandel International has sought fair trade regulator Competition Commission of India (CCI) approval to acquire a majority stake in NACL Industries.
1 min
China Announces Quartz Discovery
China announced it has discovered new deposits of high-purity quartz, a mineral with a small but crucial role in the production of semiconductors and solar panels.
1 min
Apple Jets 600 Tonnes iPhones Out of India ‘to Beat’ US Tariffs
Apple Sells Over 220 Million iPhones a Year Worldwide, With Counterpoint Estimating a Fifth of Total iPhone Imports to US Now Come From India
1 min
Will Ecom Express Deliver for Delhivery?
Analysts remain divided on the merits of the purchase, the economies of scale it can generate
9 mins
Drive Smart, Pay Less: How Your Habits Can Lower Your Car Insurance Costs
Usage-based insurance offers personalized, fairer pricing based on your driving habits
2 mins
On peritoneal dialysis at home? Check the insurance terms first
I was recently advised to undergo peritoneal dialysis, which is a form of dialysis that is done at home.
2 mins
Pay your muse: AI owes royalties for stolen inspiration
Cities don't get any cooler than Manhattan, New York City. My favorite is the midtown area, purely for the spectrum of human life it displays. Within just a couple of miles, you will find both Billionaire's Row and homeless people, Morton's Steakhouse and street-side food carts, Radio City Music Hall and buskers making music off buckets. But the sharpest contrast is seen between shoppers exiting Bergdorf Goodman with shopping bags slung on shoulders while nearby, cops chase away peddlers of counterfeit designer-label bags.
3 mins
Being AI in the age of humans: Or what AI bots should aim for
The question is not how we humans will fare but how AI learns to thrive among us on our terms
3 mins
How to miss the entire point of Netflix's 'Adolescence'
It turns out, Margaret Atwood didn't actually say \"Men are afraid that women will laugh at them, women are afraid that men will kill them.\" At least, not in those many words. But the quote has been attributed to her so often that it has become canon (for the accuracy-minded, it is a paraphrasing of a passage from an essay she wrote in 1982).
3 mins
RBI Did Its Bit: Now It's for Fiscal and Trade Policies to Do the Rest
The central bank's rate cut will help our economy absorb the US tariff blow but we also need a forceful government response
3 mins
The Fed could do with a good dose of humility at this point
America's central bank needs all the credibility it can command
3 mins
On a white wine sipping trip in sunny Burgundy
The tiny town of PulignyMontrachet in Burgundy is the place to sample some of the world's best white wines as well as go wine biking
4 mins
Songs of love and art affairs
A Mint guide to what's happening in and around your city
1 min
Will the Biggest Market for Swiss Watches Turn on Them?
The US is the biggest and most vital market for Swiss watch brands. But is it an empire built on sand?
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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