Mint Kolkata - May 08, 2025
Mint Kolkata - May 08, 2025
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In this issue
May 08, 2025
Deal comes as win-win boost for both British, Indian green energy firms
The free trade agreement (FTA) with the UK has come at the right time for domestic manufacturers of solar modules and wind turbines, potentially opening the doors wider for them to diversify their exports beyond the US.
2 mins
UK PM Hits Back at Opposition on FTA Tax
K Prime Minister Keir Starmer on Wednesday came out fighting against opposition criticism over a double taxation clause in the free trade agreement (FTA) with India, designed to prevent temporary workers paying in social security contributions in both countries.
1 min
India-UK FTA: Exporters size up rivals in a foreign field
The deal comes just as higher tariffs from the US threaten to disrupt key export sectors
2 mins
Why medical device makers are spooked by free trade deal
The free trade agreement with the UK is expected to open up a large market for Indian exporters but has left at least one sector flustered. Domestic manufacturers of medical devices fear Chinese-made products could be routed into India through the UK by exploiting the zero-tariff provisions under the bilateral trade pact.
1 min
Scotch, gin may not get cheaper
Indian consumers eyeing cheaper Scotch whisky and gin after the India-UK trade pact should steel themselves for a disappointment.
2 mins
Info Edge's startup bets have shrunk over 2 years
Consumer internet firm Info Edge has made fewer investments in terms of volume over the past two fiscal years. The size of its investment cheques has also been declining since FY22, compared to the larger amounts it historically invested, data showed.
1 min
Strong GCC demand lifts India office REITs in FY25
The recovery also benefited from higher rental values as firms mandated return to office
2 mins
Disney Sees $300 Million Loss From Reliance JV
Media and entertainment conglomerate Walt Disney Company has projected an equity loss of approximately $300 million for FY25 from its India joint venture with Reliance Industries Ltd, primarily driven by purchase accounting amortization.
1 min
Signs of rural recovery in revenue trend
Mixed harvest Rural-focused firms saw strong volume growth in Q4FY25, but profit slowdown is straining margins.
1 min
Coforge has a record deal pipeline but execution is key
Giving an edge
1 min
Market share loss to BSE has run its course: NSE chief
National Stock Exchange Ltd's (NSE) CEO Ashishkumar Chauhan said on Wednesday that the market share loss to smaller rival BSE Ltd has likely reached its limit and that further losses are unlikely unless new regulations specifically targeting the exchange are introduced.
1 min
Small-caps, IndusInd Bank among FPI bold bets in Q4
(FPIs) leaned into India's equity markets with a sharper eye for selective plays in the final quarter of FY25, showing bullish conviction despite heightened volatility.
2 mins
How ZEISS Is Shaping the Future of Eyecare in India—A Crafting Bharat Special Feature
Boris Dejonckheere discusses how ZEISS is leveraging its 179 years legacy to revolutionize the eyecare industry with innovation, style, and sustainability. This Crafting Bharat special feature by NewsReach, brings into focus how eyewear today is about enhancing how we see and how we are seen
4 mins
AI application startups set to get more investments from VC firms
AI startups aren't building horizontal platforms anymore. They're focusing on vertical solutions
2 mins
Fashion startups betting on speed, to deliver in 60 min
While online shopping has been event-driven, impulse buys are dominated by offline retail
2 mins
SAT Denies Interim Relief to Gensol
The Securities Appellate Tribunal (SAT) on Wednesday refused to grant interim relief to Gensol Engineering Ltd, which is being investigated by the Securities and Exchange Board of India (Sebi) for alleged fund misutilization and fraudulent disclosures.
1 min
Godrej Consumer bullish on demand revival in next year
Godrej Consumer Products Ltd (GCPL) is betting on easing food inflation, tax cuts, and upcoming pay commission hikes to revive consumer demand over the next 12 to 18 months, chief executive officer Sudhir Sitapati said on Wednesday.
1 min
Dabur Q4 profit slips on high costs, weak demand
Dabur is investing in scaling up its rural footprint and rolling out consumer-centric innovations, said the CEO
1 min
No 3rd-party rights on more EVs: HC to Gensol, BluSmart
Court asks companies to submit comprehensive statements of assets and liabilities
3 mins
Film broadcast rights slide 10% in 2024 as industry struggles
The viewership in north Indian families is now dominated by dubbed southern films over Hindi films
2 mins
BSE, NSE sites curb overseas access
The BSE and the National Stock Exchange have barred access to their respective websites from all overseas locations to safeguard against cyber attacks effective Tuesday, two people aware of the matter said.
1 min
What's next for defence stocks?
The defence sector has come into sharp focus following India's retaliatory attacks targeting terrorist infrastructure in Pakistan and Pakistan-occupied Jammu & Kashmir early Wednesday.
1 min
200 Flights Cancelled; 18 Airports Temporarily Closed
More than 200 flights have been cancelled and at least 18 airports, including Srinagar, have been temporarily shut for operations amid restrictions in the wake of the armed forces launching missile attacks on terror targets in Pakistan on Wednesday morning.
1 min
Hydropower units see stepping up of security protocols
Hydro plants are well-secured, but security protocols are intensified during times of elevated tension
1 min
Indo-Pak tensions spark worry over kharif sowing in border areas
India's precision strikes on Pakistan under Operation Sindoor early on Wednesday have escalated border tensions, sparking concern over potential disruptions to agriculture in Punjab, Rajasthan, Jammu & Kashmir, and Gujarat.
2 mins
Four likely scenarios before Pakistan as it looks to react
Defence experts discuss the options before the western neighbour as the conflict worsens
3 mins
Strategic advantage for IAF as highways will serve as runways
The Indian Air Force successfully executed a \"land and go\" operation on a section of the Ganga Expressway in Shahjahanpur, Uttar Pradesh, on 2 May.
1 min
Adani solar park, RIL refinery on alert
Jamnagar oil refinery is also under high alert as the area has an airbase and is a no-fly zone for civilian aircraft
2 mins
Gold Jumps To ₹1 Lakh Per 10gm As Tensions Rise
Gold prices surged ₹1,000 to breach the crucial ₹1 lakh per 10g in New Delhi on Wednesday as escalating tensions between India and Pakistan triggered a safe-haven buying rush.
1 min
India Boots Up To Fend Off Cyberattacks On Country's Digital Systems
Since the Pahalgam attacks, there have been numerous attempts to hack Indian websites, say officials
2 mins
Essential services law could be invoked to curb hoarding
Govt last invoked Esma during Covid-19 pandemic to prevent disruptions in healthcare
1 min
Trump Says Truce Reached With Houthis After They Promise to Stop Targeting Ships
Announcement comes after weeks-long campaign to target the group
4 mins
Disgraced ex-Goldman partner sought by Malaysia for extradition in IMDB scandal
An Interpol red notice, making him subject to arrest almost anywhere in the world, was issued for Tim Leissner
3 mins
China's factories start to imagine a world without American buyers
The trade war is hurting China's economy, with factory activity in April posting its worst contraction since 2023
2 mins
MRF Beats Q4 Profit Estimates
Indian tyre maker MRF reported a fourth-quarter profit above analysts' estimates on Wednesday as stronger replacement demand from retail customers outpaced muted sales to carmakers.
1 min
Buddha jewels auction postponed
Sotheby's on Wednesday postponed an auction of jewels associated with Buddha's remains after India's Ministry of Culture issued a legal notice, demanding the sale to be halted, saying it violates \"Indian laws, international norms and UN conventions.\"
1 min
Coal India posts 1% Q4 revenue drop
Coal India, which produces over 75% of the country's coal, reported a drop in fourth-quarter revenue on Wednesday, hurt by subdued power demand.
1 min
DWS, Nippon Life in talks for India JV
Deutsche Bank's investment arm DWS is in talks to form an asset management joint venture in India with the Japanese insurer Nippon Life, four people with knowledge of the matter said, as the German company seeks to expand in Asia.
1 min
Jio adds 2.17 million users, leads telcos
Reliance Jio cemented its lead in the Indian telecom market adding 2.17 million wireless subscribers in March, while Bharti Airtel's monthly gains were at 1.25 million users, according to data released by telecom regulator TRAI on Wednesday.
1 min
India has agreed already to drop its tariffs to nothing: Trump
President Donald Trump on Tuesday said India has \"agreed\" to drop its high tariffs \"to nothing.\"
1 min
US-China to hold trade talks
U.S. Treasury Secretary Scott Bessent and U.S. Trade Representative Jamieson Greer will travel later this week to Switzerland for trade talks with China led by Vice Premier He Lifeng, seeking to de-escalate a tariff standoff that has threatened to hammer both economies.
1 min
KFC India faces slump in sales
Sapphire Foods India, which operates Pizza Hut and KFC restaurants in the country, reported quarterly revenue slightly below estimates on Wednesday, hurt by disappointing sales at its older stores.
1 min
Centre extends CBI director's tenure
The Centre on Wednesday extended Central Bureau of Investigation (CBI) director Praveen Sood's tenure by a year, the first such extension after a new law gave the government the power to extend the agency chief's tenure, up to a maximum of five years.
1 min
India to launch 52 spy satellites
India will put in orbit a constellation of 52 satellites over the next five years to step up space-based surveillance capabilities, Pawan Kumar Goenka, chairman, Indian National Space Promotion and Authorisation Centre (IN-SPACe) said on Wednesday.
1 min
Cabinet approves fresh coal linkages amid power demand
The policy is to help thermal plants procure coal with some procedures being eased
1 min
FY25 tax returns: ITR forms call for broader disclosures
Taxpayers must navigate significant changes on capital gains, tax-saving investments, HRA
4 mins
India struck terror camps in Pakistan: What's next?
Operation Sindoor should but may not be the end of hostilities. India has other levers to use as well
3 mins
A diversified stock portfolio or a concentrated one? An easy pick
Investing success takes both luck and skill—and diversification gives the latter a larger role to play
3 mins
Google's CCI settlement over Android TVs: A win-win?
Settlements offer a better way out of antitrust cases than having to face adverse CCI orders
3 mins
Counter-intuitive: Why OPEC is pushing for lower oil prices
The answer goes beyond punishing over-producers of oil like Iraq
3 mins
The JSW-Bhushan ruling impacts the IBC and investor confidence
The Supreme Court's reversal of a high-profile acquisition under India's insolvency code will have adverse spillover effects
4 mins
What to look for at the Cannes film festival
The Cannes film festival returns to the French Riviera next Tuesday
2 mins
Celebrating Gieve Patel, the generous mentor
Hoskote attributes Patel's appeal among younger artists to his clarity of thought and his refusal to follow dogmas
4 mins
What does your relationship with money say about you?
Like nutrition, fitness or K-pop, money is just a language, with its own rules, grammar and vocabulary
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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