Mint Kolkata - April 17, 2025
Mint Kolkata - April 17, 2025
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In this issue
April 17, 2025
Wipro sees weak start to fiscal year
Wipro Ltd on Wednesday marked a second straight year of falling revenue, even as it braced for its weakest start to a new fiscal year amid concerns over global technology spending.
2 mins
Heat on hedge funds from new sub-₹10 lakh product
A new investment product designed to hook India's wealthier retail investors may eat hedge funds' lunch given their tax edge and target audience, industry executives said.
2 mins
How Harvard Ended Up Leading the University Fight Against Trump
Harvard University has drawn a line in the sand against the Trump administration and its sweeping demands for cultural change.
5 mins
Wellness startups board the weight loss bandwagon
India's wellness startups have joined the weight loss gold rush, launching supplements that claim to have effects similar to blockbuster drugs such as Ozempic and Mounjaro.
3 mins
Businesses will soon have to file their financials in a new format
Indian businesses will soon have to present their financial statements in a new way to help investors and regulators quickly assess their performance and financial health, two persons informed about the development said.
2 mins
India-EU trade pact may cut textile, liquor duties
New Delhi may cut liquor import duties while Brussels eases entry for Indian textiles
3 mins
Trade Deficit with China is Widest Ever
In March alone, goods imports from China jumped over 25% year-on-year to $9.7 billion, led by electronics, etc.
1 min
US Tariffs Graze India, But Global Risks Loom
India's economy is likely to weather the latest wave of US tariff hikes with only limited fallout, Moody's Ratings said in a report Wednesday.
1 min
India, Australia Eye Bilateral Data-Sharing Treaty to Tackle Cybercrime
India and Australia are in preliminary talks to explore sharing real-time information to tackle cybercrimes, fuelled by growing cyberattacks from nations such as North Korea on critical infrastructure including power grids and medical facilities.
2 mins
Water crisis looms over the North, East
The northern region has 11 reservoirs CWC is monitoring, and a total live storage capacity of 19.836 BCM
2 mins
Global goods trade could shrink by up to 1.5%: WTO
Alongside, Unctad said the global economic growth is expected to slow to 2.3% in 2025
2 mins
Nvidia warns US curbs to cost $5.5 bn
President Donald Trump's administration has barred Nvidia Corp. from selling its H20 chip in China, an escalation of Washington's tech battle with Beijing that will cost the company billions of dollars and hamstring a product line it explicitly designed to comply with previous US curbs.
1 min
JPMorgan Chase to focus on startup banking: India CEO
The bank started its 'innovation economy' business in the US about five to six years ago
3 mins
NSE's investor base triples on faster share transfers
A flurry of activity in unlisted NSE shares has nearly tripled the investor base of India's largest stock exchange since it expedited the process of transferring shares between counterparties on 24 March, according to a regulatory circular.
1 min
RBI Skips Cash Ops for 3rd Straight Fortnight
The Reserve Bank of India (RBI) has again held back its primary cash management operation, stoking speculation about a possible shift in how the authority handles bank liquidity.
1 min
ICICI Pru Margin on Street Radar
Shares of ICICI Prudential Life Insurance Co. Ltd rose nearly 3.4% to ₹586.30 apiece on Wednesday after its March quarter (Q4FY25) results.
2 mins
Havells Insures Growth Strategy With A Stake In Goldi Solar
Power punch Cables, Lloyd and electrical consumer durables together formed over 70% of Havells' 9MFY25 revenue.
1 min
Life insurance is an interest area for us
We'll see what the regulatory requirements are, and then probably we will decide on any acquisition Anand Roy MD & CEO, Star Health & Allied Insurance
3 mins
Free shows top OTT charts, but pay-walled content is key to cash flow
Ad-supported, free-to-watch shows like Ek Badnaam Aashram and Hip Hop India on Amazon MX Player made a splash upon release, topping OTT viewership charts for weeks.
2 mins
Honasa sues HUL over sunscreen campaign
A simmering rivalry in India's booming skin-care market has spilled into the courts.
1 min
Sebi's ESG disclosure review to ease burden on small firms
Sebi delayed supply chain reporting norms after the industry flagged feasibility and complexity of gathering data
2 mins
Starlink Presses to Expedite Approval for India Launch
Elon Musk's firm aims to serve rural, underserved areas with high-speed internet connection
2 mins
Google Faces £5bn UK Lawsuit for Abusing Search Dominance
Alphabet's Google is being sued in Britain for potential damages of up to 5 billion pounds ($6.6 billion) in a class action alleging the company abused its dominant market position in the online search industry.
1 min
Trump Residences Return to Gurugram
At 51 floors each, the project boasts 298 units priced at ₹8-12 crore, along with a limited number of penthouses
2 mins
Rural Indian consumers turn cautious as inflation bites
Rising expenses, flat incomes, inflation making buyers more selective, finds survey
2 mins
AMNS India flags risks to local steel industry
Arcelor-Mittal Nippon Steel sought more protection from dumping
2 mins
U.S. Plans to Use Tariff Negotiations to Isolate China
The Trump administration plans to use ongoing tariff negotiations to pressure U.S. trading partners to limit their dealings with China, according to people with knowledge of the conversations.
3 mins
China's Economy Grew Before Tariffs Kicked In
Trump's stiff tariffs on Chinese goods are expected to weaken the country's economy this year
4 mins
Major Harley-Davidson shareholder seeks board shake-up
H Partners is preparing to urge shareholders to remove three longstanding directors from Harley's board
2 mins
China Open to Talks If US Shows Respect, Names Point Person
Beijing Wants the US to Appoint a Point Person Who Can Help Prepare a Deal That Trump and Xi Can Sign When They Meet
2 mins
Govt cracks down on use of common cold, allergy drug
Decision comes after an extensive review, identifying potential risks to young children
1 min
Khanna Recommends Bhushan Ramkrishna Gavai as Next CJI
Chief Justice of India (CJI) Sanjiv Khanna on Wednesday recommended to the centre the name of Justice Bhushan Ramkrishna Gavai as the next CJI.
1 min
Yes Bank Receives Demand Notice
Yes Bank on Wednesday said it has received a demand notice of ₹244.20 crore for assessment year 2016-17.
1 min
Heritage Foods to hike dairy prices
Heritage Foods will increase the prices of its products this fiscal to offset rising costs like fuel and raw material expenses, its chief executive officer (CEO) told Reuters.
1 min
Rupee rises to 85.64 against the dollar
The rupee sustained its rally for the third straight session and settled with a gain of 16 paise at 85.64 against the US dollar on Wednesday, boosted by the renewed inflow of foreign funds and a weak American currency.
1 min
SpiceJet to double fleet in a year: CMD
Domestic carrier SpiceJet's revival plan is \"going very well\" and the airline is on track to double its current fleet over the next 12 months, chairman and managing director Ajay Singh said on Wednesday.
1 min
Paytm Founder Foregoes Esops
Paytm on Wednesday said founder and CEO Vijay Shekhar Sharma has foregone 21 million employee stock options (Esops) granted to him, months after the markets regulator issued show-cause notices over violation of rules on grant of share-based employee benefits.
1 min
J.D. Vance to visit India next week
U.S. vice president J.D. Vance and his wife Usha, the first Indian-American Second Lady, will visit India early next week. This visit will see him hold talks with Prime Minister Narendra Modi amid increasing global trade disruptions over the Trump administration's tariff tussle.
1 min
Centre, states talk on 50 destinations
The centre is working on preparing guidelines for the top 50 tourist destinations in the country, proposed in the Union Budget, which are to be developed in partnership with the states.
1 min
Walmart signs Chennai office deal
Walmart has signed a deal for a second office space in Chennai, which is fast emerging as a major technology centre after being known for years as a manufacturing hub.
1 min
Inside the Gensol Mess Uncovered by SEBI
The market regulator has alleged a complete breakdown of internal controls
8 mins
Gold Breaks $3,300, Climbs 26% in 2025
Gold surged to a fresh high on haven demand as the dollar fell and tech stocks slumped after US President Donald Trump ordered a probe that could open up a new front in the global trade war.
1 min
WHY MOVING FROM WEALTH ACCUMULATION TO WEALTH PRESERVATION MATTERS
A preservation-first approach helps withstand market cycles, protects long-term wealth
3 mins
Earning Under 3%? Why It's Time to Move Your Idle Cash
With savings accounts losing value, here's where to park your cash for high returns, liquidity
5 mins
Health insurance should cover preventive care as well
A wide-angled approach can pave the way for healthcare that secures our overall health much better
3 mins
The best don't always rise to the top but merit is not a lost cause
Position need not reflect competence but there are ways for us to minimize the damage this causes
3 mins
What the sterling's past can tell us about the US dollar's future
An America keen to preserve its currency's global status should learn lessons from how the UK handled similar trade-offs
3 mins
Why we do what we do is hard to grasp but don't give up
Our conscious mind has far less control of decisions than we like to think. The effects of it are profound
3 mins
America's Trade War Is Sure to Impact the Hobbies of People
It feels personal because it will drive up costs that matter to citizens
3 mins
Children's theatre goes beyond the binaries
Through special showcases, a young audience is being introduced to a wide range of themes without dumbing them down
4 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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