Mint Kolkata - April 16, 2025
Mint Kolkata - April 16, 2025
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In this issue
April 16, 2025
Sugar Mills, Government Face Off Over Jute Bags for Packaging
In India, the world's largest consumer of sugar, the Union government and producers have locked horns in court over a contentious issue: jute bags.
1 min
Above normal monsoon likely, consumption to get a boost
Amid the ongoing trade turmoil and talk of a global recession, there are positive reports from India -- for the second year in a row, the India Meteorological Department (IMD) has forecast above-normal rain for the monsoon season.
1 min
China's woes offer India a chance in $100 bn tools mkt
India's tiny share of the global tools trade can be scaled up substantially with dominant market leader China struggling with tariffs and increasing costs, according to a report from central government think tank Niti Aayog released on Tuesday.
1 min
Goods Trade Deficit Widens in March, Surplus With US Grows
India's trade surplus with the US rose to $41.18 billion in FY25 from $35.32 billion a year ago
2 mins
Retail inflation hits six-year low in Mar
Food inflation eased in March, rising 2.69% year-on-year, down from 3.75% in February and 8.52% a year ago
2 mins
Wellington May Join Existing Investors in Funding Porter
The $100 million round is expected to value the startup between $1.2 billion and $1.4 billion
2 mins
India Targets 300 Million New Users for UPI
India plans to bring hundreds of millions of new users onto Unified Payments Interface (UPI), its real-time payments system, while pitching the platform for wider adoption overseas.
1 min
PTC hires consultant ABC to lead CMD search
Power trading company PTC India Ltd has hired Delhi-headquartered ABC Consultants to lead the search for a new chairman and managing director (CMD), according to two people familiar with the development.
1 min
Sensex, Nifty surge over 2% as tariff pause buoys global stocks
India VIX, a volatility gauge, plunged 20% to close at 16.13 and analysts see it falling to around 12 in coming days
2 mins
Sebi seeks to throw open no-go areas for mutual funds
The move aligns with Sebi's focus on streamlining the regulatory landscape rather than expanding it
1 min
Will Infosys end FY25 with a bang?
Infosys Ltd started FY25 with a bang. Its order books were overflowing with new deals as it reported its highest quarterly deal wins in the three months through June 2024.
2 mins
Info Edge's two jewels spur half of ₹30,000 cr mcap loss
Standing tall
1 min
Healthier India Inc. faces risks
A differentiating factor
2 mins
Marriott International Set to Invest in Concept Hospitality
Marriott Aims to Grow Its India Portfolio to 50,000 Rooms and 250-300 Properties Over the Next 3-5 Years
2 mins
Film producers team up with studios to reboot popular IPs
Cash-strapped film producers battling uncertainty at the box office are now turning to big studios to partner on their old, popular IPs (intellectual properties) to take these franchises forward.
2 mins
IPL piracy: Broadcasters to urge Trai for smarter STBs
Media firms seek Trai's help to mandate forensic watermarking in set-top boxes to curb fraud
2 mins
FY25 PV Dispatches Cross 4.3 Million
Utility vehicle sales rose 11%, while car sales fell 13%; besides, two-wheelers grew 9%, with EVs topping 6% share
1 min
IndusInd's derivatives damage at ₹1,979 cr, says report
IndusInd Bank Ltd on Tuesday said that the external agency tasked to study the lender's derivatives debacle has estimated the negative impact at ₹1,979 crore as on 30 June, 2024.
1 min
AM/NS Withdraws HC Petition Against Coke Import Order
Steelmaker ArcelorMittal Nippon Steel India (AM/NS) has withdrawn its plea against the Union government in the Delhi High Court, challenging the rejection of its import orders for metallurgical coke or met coke from Indonesia and Poland.
1 min
Fintech soonicorns prepare IPOs, await right launch time
Revival of growth, slow private funding, and investor pressure for exits driving listing plans
3 mins
Superior-Grade Malls Set to Lead 70% of Supplies in FY26
Premium malls to dominate 12.3 mn sq. ft additions as developers tap experiential demand
2 mins
Japan Warns Google on Antitrust Violations
Japan's Fair Trade Commission (FTC) ordered Alphabet Inc.'s Google to stop alleged abuse of its market power over local smartphone manufacturers, just ahead of high-stakes trade negotiations with the US this week.
1 min
Sebi bars Gensol Eng, its promoters for misuse of funds
Sebi also directed Gensol to halt its planned stock split, debarred the promoters from holding key managerial roles
1 min
Bank trading desks are minting money from Trump's tariff chaos
Goldman Sachs, JPMorgan, Morgan Stanley all said a surge in trading revenue helped lift their profits in the first quarter
3 mins
Israel Has Taken Over About a Third of the Gaza Strip
Israel is now seizing land and threatening to chip away more if Hamas doesn't release hostages
4 mins
U.S. strikes spur plans for Yemeni ground war against Houthis
Pro-government militias sense opportunity to claw back territory from Iran-backed militants
4 mins
ED files chargesheet in Herald case
The Enforcement Directorate (ED) has filed a chargesheet against Congress leaders Sonia Gandhi, Rahul Gandhi and others accusing them of allegedly laundering ₹988 crore in the National Herald case.
1 min
China accuses US of cyberattacks
China accused the United States National Security Agency (NSA) on Tuesday of launching \"advanced\" cyberattacks during the Asian Winter Games in February, targeting essential industries.
1 min
Indians Not Too Excited About EVs
Concerns over pricing, range and the lack of adequate charging infrastructure are keeping customers from purchasing electric cars in India, said a Deloitte study on Tuesday.
1 min
ICICI Prudential Life profit doubles in Q4
India's ICICI Prudential Life Insurance on Tuesday reported a surge in fourth-quarter profit, helped by strong demand for its group insurance offerings.
1 min
Rush of enquiries for Mounjaro drug
The India launch of Eli Lilly's popular weight-loss drug Mounjaro has triggered a huge wave of patient enquiries about its availability, with some Indian doctors fielding hundreds of calls about the medicine, according to a Reuters survey.
1 min
Rupee rises 33 paise to settle at 85.77/$
Rising for the second straight session, the rupee jumped 33 paise to end at 85.77 (provisional) against the US dollar on Tuesday due to a sharp rise in equity markets and continuing weakness in the American currency amid global uncertainties.
1 min
HC asks Google to pay 50% FEMA fine
The Karnataka High Court has directed Google India and three of its senior executives to deposit 50% of the penalties imposed, for alleged Foreign Exchange Management Act (FEMA) violations, as bank guarantees.
1 min
Gold Reclaims Peak of ₹96,450/10 g
Gold prices rose by ₹50 to revisit the all-time high level of ₹96,450 per 10 grams in the national capital on Tuesday, according to the All India Sarafa Association.
1 min
India's Pharma Curriculum Gets a Makeover After 10 Years
B.Pharm now includes two specializations: industrial pharmacy and clinical pharmacy
1 min
SEBI's PARRVA Scheme: Will It Build Trust in Investment Performance Claims?
In a move to enhance transparency and accountability in India's securities market, the Securities and Exchange Board of India (Sebi) issued a circular on 4 April, outlining a regulatory framework for Past Performance and Risk-Return Verification Agency (PARRVA).
2 mins
First-time borrowers: NBFCs or banks, which is a better choice?
As a first-time borrower, I will apply for a home loan.
2 mins
The credit-deposit ratio of banks: Still worth tracking?
Sophisticated banking has other funding sources that diminish the importance of this measure
4 mins
The bond market called Trump's bluff but the coast remains hazy
A spike in bold yields made the US pause its harsh tariffs but we've had no relief from uncertainty
3 mins
Unilateral Tariffs Risk Intellectual Property Retaliation
Countries Faced With Unilateral Tariffs Might Consider Such Property a Target for Their Response
3 mins
Dire wolf pups aren't proof of gene-tech beating extinction
But designer animals created by gene-editing are also a marvel
3 mins
Spaghetti Bowl Trade Deals May Alter the Global Balance of Power
A break from multilateral trade rules could result in power exertions that make smaller countries re-forge their foreign ties
3 mins
Does this device fill the vacuum in its category?
An overview of the niche vacuum cleaner market, and a new entrant
2 mins
Is this the winning formula for a smartphone today?
With consumers not actively seeking out new phones, the Google Pixel 9a makes a fresh pitch in an old-school way
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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