Mint Kolkata - May 16, 2025
Mint Kolkata - May 16, 2025
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In this issue
May 16, 2025
Bankruptcy Resolutions Peak in FY25
Creditors stand to recover over ₹67,000 crore from these transactions in the recently concluded fiscal
2 mins
Dealings with Pak will be strictly bilateral: Jaishankar
India's relations and dealings with Pakistan will be \"strictly bilateral\", which is a national consensus for many years and there is \"absolutely no change\" in that consensus, external affairs minister S. Jaishankar said on Thursday.
1 min
Goods trade deficit widens to a five-month high in April
India's widening trade deficit in April comes amid lingering global trade tensions
2 mins
ICMR breakthrough in Indian medicine targeting Nipah virus
Indian government scientists say they have achieved a breakthrough in attempts to develop an indigenous therapy for treating Nipah virus patients.
1 min
Kotak eyes ₹800 cr more for credit fund
Kotak Mahindra Asset Management Company is targeting ₹800 crore more from wealthy individuals and firms for its new Kotak Credit Opportunities fund, after raising an initial ₹1,200 crore, Saurabh Tripathi, chief investment officer (CIO) at the company's private credit, said.
1 min
Delhi HC orders seizure of another 76 BluSmart EVs
The high court has barred Gensol and BluSmart from transferring or selling the vehicles
3 mins
For Shree Cement, earnings a bigger priority than volumes
Shree Cement Ltd is favouring profitability over volume in an industry racing to scale up capacities and chase market share.
1 min
Indian defence company stocks surge to record highs
Fire power Nifty India Defence index on Thursday traded 55 times to trailing twelve-month earnings compared with a historic average of 38 times.
1 min
Airtel's New Tariff Repair Formula
Bharti Airtel Ltd's average revenue per user (Arpu) for Q4FY25 was flat sequentially at ₹245, but management said it would have been ₹248 had it not been for two less days in the quarter.
2 mins
Marico calls it: FMCG sector to rebound this financial year
Marico Ltd, the maker of Parachute hair oil and Saffola cooking oil, is optimistic India's fast-moving consumer goods sector will rebound this financial year as food prices finally show signs of easing and rural demand remains robust.
2 mins
Chitale Bandhu aspires for a bigger slice of snack mkt
For a company that started out by transporting milk to Mumbai even before Independence, Chitale Bandhu now speaks a very different language—inventory optimisation, omnichannel strategy, and clean-label snacking.
1 min
How Hollywood alienated a big chunk of Indian moviegoers in 2024
With a 17% dip in box office, 2024 marked one of Hollywood's weakest years in India in the past decade
2 mins
Won't be able to operate post FY26 without funds: Vi to SC
Vi owes about ₹1.19 tn spectrum dues to the Centre, besides ₹83,400 cr AGR dues as of March end
2 mins
Govt plans to sync warranty with device installation date
Currently, the warranty period begins on the purchase date, reducing its effective duration
2 mins
IKF Finance raises ₹1,465 crore in Norwest-led funding round
KF Finance, a non-banking financial company based in Hyderabad, has raised around ₹1,465 crore ($175 million) from global investment firm Norwest and existing investor Motilal Oswal Alternates, the company announced on Thursday.
1 min
Peak XV nets ₹1,200 cr from Porter exit
Peak generated about $3.6 billion in cash exits over the past five years and over 30 of its portfolio firms have gone public
2 mins
DS Luxury's premium focus to aid expansion
With India's appetite for high-end fashion and accessories on the rise, DS Luxury, the luxury retail arm of the Dharampal Satyapal Group Ltd, makers of Catch and other FMCG products, is looking to expand aggressively in the next three years.
1 min
FPI reforms open doors, but will overseas capital follow?
RBI, Sebi for rule changes as India hopes to revive interest after lower-than-expected inflows
2 mins
Piramal Pharma contract biz hurt from US policies in FY26
The firm expects quick recovery in FY27, on track to be a $2bn co by 2030, says chairperson
3 mins
Warren Buffett reveals he stepped down after finally feeling his age
Buffett plans to step down as CEO in December and make way for Greg Abel, though he said he intends to keep working
4 mins
Tik Tok charged with breaching EU online content rules
TikTok now has a chance to reply before the EU's executive commission issues its final decision
1 min
US, Iran closer to reaching nuclear deal, says Trump
The US president also boasted of raising 'trillions of dollars' on a Gulf tour
3 mins
As talks begin, Trump says there won't be a resolution on Ukraine until he meets Putin
Russian officials arrived in Istanbul, but Ukraine insists on talks between leaders, not at a technical level
4 mins
May rework 2020 Fed framework language: Powell
A consideration in 2020 was keeping Americans' long-term expectations for inflation close to 2%, Powell said
2 mins
US-China friction could make EU dumping ground for cheap goods
Paris and Beijing are already at odds over the EU's tariffs on Chinese EVs and Beijing's levies on spirits
2 mins
Lula and Xi Agree to Boost Chinese Presence in Brazil
Deals send signal that Trump's protectionist threats have done little to dissuade Lula from betting more on Beijing
4 mins
Patanjali Foods Q4 profit rises 74%
Patanjali Foods reported a 73.8% increase in quarterly profit on Thursday, becoming the latest packaged edible oil manufacturer to outperform the broader consumer goods sector due to product price increases.
1 min
Lakshmi Mittal said to buy 'Beverly Hills of Dubai' home
Lakshmi Mittal, among Britain's richest residents, is the buyer of one of Dubai's priciest mansions, people familiar with the matter said.
1 min
Shukla's ISS flight postponed to 8 Jun
Axiom-4 mission to the International Space Station, piloted by Indian astronaut Group Captain Shubhanshu Shukla with three other crew members, has been delayed and will now be launched from the Kennedy Space Centre in Florida on June 8 at 6.41pm IST.
1 min
SMBC to Hold 20% Stake: Yes Bank
Yes Bank expects Japan's Sumitomo Mitsui Banking Corp (SMBC) to maintain at least 20% stake in the lender but said that regulatory requirements may be keeping it from raising shareholding significantly, the bank's chief executive said.
1 min
Celebi's security clearance revoked
India revoked the security clearance of Celebi Airport Services India, a unit of Turkey's Celebi, with immediate effect, citing national security concerns, the country's civil aviation ministry said in an order on Thursday.
1 min
Passenger vehicle dispatches rise 4%
Passenger vehicles dispatches from factories to company dealerships in the country rose 4% year-on-year to 348,847 units in April, the Society of Indian Automobile Manufacturers (SIAM) said on Thursday.
1 min
Godfrey Phillips Q4 profit up 31%
Cigarette maker Godfrey Phillips India Ltd on Thursday reported a 30.73% rise in consolidated net profit to ₹293.96 crore in the quarter ended 31 March.
1 min
Air India merger fuels SIA profit
Singapore Airlines (SIA) reported a record annual net profit on Thursday, boosted by a one-off gain from the merger of Air India and Vistara, but lower air fares in response to increased competition weighed on operating profit.
1 min
JSW Energy profit rises 16% to ₹408 cr
SW Energy on Thursday posted a 16% rise in consolidated net profit to ₹408 crore in March quarter compared to a year ago, aided by contributions from KSK Mahanadi thermal project and organic wind capacity additions.
1 min
Global oil demand growth to slow: IEA
Global oil demand will rise more slowly for the remainder of 2025 due to economic headwinds combined with record sales of electric vehicles, the International Energy Agency (IEA) said on Thursday, as rising supply from planned Opec+ output hikes keeps the market in surplus.
1 min
Premji pledges ₹2,250 crore for college education of girls
Azim Premji Foundation will give ₹30,000 a year to up to 250,000 girl students
1 min
Splitting hospital expenses across 2 policies: Key rules
A step-by-step guide to using both corporate and personal health covers to manage claims
4 mins
Can accident claims be rejected due to undisclosed policies?
I'm sorry to hear about your friend's tragic passing and the difficulties his family is facing with the claim rejection.
1 min
A caste census should help India identify and tackle deprivations
This enumeration must be done with enough care to ensure it yields useful data for policy responses
3 mins
Tariff Whiplash: The US Truce With China Offers Hollow Relief
Supply disruptions and recession fears will keep US demand low
3 mins
Art, drama and Kodava cuisine
A Mint guide to what's happening in and around your city
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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