Mint Mumbai - April 14, 2025

In this issue

April 14, 2025

Aadhaar law will add scope, match data privacy rules

As India's data privacy law approaches notification, another law that is behind a unique identification number for citizens is being prepped for overhaul to bring it in sync with the new privacy law, a move industry experts said is overdue but needs wider consultation.

3 mins

Europe scrambles to break its dependence on Musk's cheap satellites

Eva Berneke was traveling to meet European officials when Elon Musk posted on his social-media site X that \"Ukraine's entire front line would collapse\" if he turned off his satellite internet service Starlink there.

5 mins

Absent Ola invoices may take toll on Q4 revenue booking

Ola Electric Mobility Ltd, India's electric two-wheeler market leader, was unable to generate invoices for more than half of the vehicles it claims to have sold in February due to issues with two registration agencies.

2 mins

New drugs promise lower genetic heart risk in India

The world's top pharmaceutical companies are developing drugs to lower a type of cholesterol common among Indians due to genetic factors, which may be launched in the country in the coming years.

3 mins

Lower-risk customers may get to breathe easy on KYC norms

The Centre is working on long-awaited changes to Know Your Customer (KYC) rules, simplifying the process for lower-risk customers and tightening checks on higher-risk accounts.

2 mins

IBC Tweak to Set Secured Creditor Tag, Procedures

Bill likely in monsoon session; move comes after court orders on bankruptcy cases

3 mins

Centre directs states, UTs to report heat stroke cases, deaths daily

An early summer has prompted the union health ministry to direct states and union territories (UTs) to share daily updates on heat stroke cases and heatwave deaths.

2 mins

Goyal Urges Building Industry to Cut Imports

Commerce and industry minister Piyush Goyal on Sunday urged the construction industry to reduce import reliance, embrace sustainable practices, and focus on earthquake-resistant and modular infrastructure.

1 min

Ballot: Panacea for Every Peril Democracy Faces

The Centre has directed much of its resources to dealing with security challenges

3 mins

India, US May Strike Deal on Med Devices for Generics

The US raised issues related to exports of its pharma products and medical devices to India

2 mins

Govt's wheat purchase tops 3 mt

The Centre's wheat purchase from farmers in the 2025-26 marketing season (April-June) has started on a swift note, with government agencies having procured over 3.1 million tonnes (mt) till 12 April, against 1.7 mt during the corresponding period of last year.

1 min

Retail inflation likely down to 3.5% in March: Mint poll

Easing inflation Despite the recent easing, the average inflation for 2024-25 will be 4.6%, higher than RBI's medium-term target.

1 min

Lido's Sheth in next act, but last is not over

Founded in 2019, Lido Learning promised personalized online coaching and live tutoring for students

2 mins

We're willing to cannibalize: TCS CEO on AI-led transition

Krithivasan sees long-term GenAI gains and calls revenue cannibalisation a sign of strength

2 mins

HDFC Cap in ₹1,500-cr platform with Eldeco

A affordable housing-focused private equity investor HDFC Capital Advisors Ltd, on Sunday announced that it has created a ₹1,500-crore development platform with a unit of New Delhi-based realty firm Eldeco Group to develop residential projects in tier 2 and 3 cities.

1 min

Mid-, late-stage deals lift funding activity

Funding momentum improved a tad in the second week of April, thanks to a bunch of mid- and late-stage deals struck by private equity and venture capital investors such as WestBridge Capital, ICICI Venture and Bessemer Venture Partners.

1 min

Global Uncertainty Will Likely Delay a Complete Return to Normalcy

We focus on distinguishing between temporary losses and permanent capital erosion. Neelesh Surana, CIO, Mirae Asset Investment Managers (India)

3 mins

Anand Rathi stock reflects vigour

Jittery equity

2 mins

Will the last investor to leave America please turn out the lights

When market veterans gather, the talk often turns to memorable crashes: Where they were in 2020, 2011, 2008, 1998, or for the older among them, 1987. Last week should join that list. Where were you when investors fled America?

4 mins

As star power fades, halls may revise prices

High-ticket pricing strategy by theatres is under scrutiny after big-star films like Sikandar underperformed

2 mins

Lenders ramp up CP-CD use to navigate liquidity crunch

FY25 commercial paper, certificate of deposit issuances hit 3- and 5-year highs, respectively

3 mins

Investors check out of gold ETFs amid market volatility

Global uncertainties like trade tensions are likely to drive gold prices higher and prompt more profit-taking

2 mins

Tariffs Won't Hit Long-Term Plan: IndiGo

India's largest carrier IndiGo is confident that the global events triggered by tariff hikes will not impact its long-term plans.

1 min

When ads start to preach, audiences flee

Consumers have developed a nose for nonsense. One mismatched message, and it's game over.

3 mins

We don't just sell beer, we sell a lifestyle: AB InBev India's Sharma

We've been bullish on premiumization long before it became a buzzword. Vineet Sharma, VP marketing and trade marketing, AB InBev India

2 mins

BP to expand oil and gas ops with partners RIL and ONGC

The company's CEO said it will expand existing operations and seek new projects as well

2 mins

Putin's secret dealmaker emerges from the shadows in Ukraine peace talks

Sergei Beseda, known to the CIA as 'the Baron,' also figured in one of the world's biggest prisoner swaps

7 mins

China Credit Growth Tops Forecast

China's credit expanded more than expected in March as the government accelerated bond offerings to help the economy offset the impact of surging US tariffs on Chinese goods.

1 min

Tim Cook's 'long arc of time' prepared Apple for the trade war

Cook worked to forge personal relationships with US President Donald Trump and his inner circle

4 mins

China says US tariff break a 'small step' to fixing mistake

The latest exemptions cover nearly $390 bn in US imports, with $101 bn from China

1 min

Banks seek power to freeze accounts

To check cyber fraud through mule accounts, banks are seeking authority to freeze accounts involved in channelling illicit transactions without wasting precious time in seeking permission from authorities.

1 min

India could benefit from tariff war: Iyer

India could be a beneficiary in the long-term from the ongoing tariff war that could lead to better trade and lowering of barriers, even though there can be short-term shocks, as per Mercedes-Benz India managing director and chief executive officer Santosh Iyer.

1 min

Court Issues Arrest Warrant for Hasina

A court in Bangladesh on Sunday issued arrest warrants against ousted prime minister Sheikh Hasina, her sister Sheikh Rehana, British member of parliament (MP) Tulip Rizwana Siddiq, and 50 others in connection with the alleged illegal acquisition of land by abusing political power.

1 min

Fintech poised for strong growth: Taku

India's fintech space is poised to chart strong growth over next 10-20 years, with major opportunities for players to go deeper in digital payments, and expand financial products such as credit and insurance to serve the underserved, according to MobiKwik co-founder Upasana Taku.

1 min

Virat Kohli joins Agilitas as investor

Virat Kohli has joined homegrown aspirational sportswear maker Agilitas as an investor and co-creator, as the company plans to go global riding on the popularity of the ace Indian cricketer, as per industry sources.

1 min

HUF withdrawals: taxes, legality explained

I am the Karta of a newly created HUF. If I receive gifts from non-members, invest the amount in bank FDs, and later withdraw the money, would this be treated as a partition? Can a Karta withdraw cash from the HUF account at any time?

2 mins

Can't Predict the Market? You Can Plan Your Moves

Diversification helps manage risk and capture gains across asset classes over long term

2 mins

Why Category III AIFs Still Battle Tax Ambiguity, Investor Concerns

Investors are wary of tax implications and legal uncertainties, despite rising popularity, trillions in investments

5 mins

India Has a Tariff on America's Huge Cultural Surplus

We Are More Interested in US Culture Than It Cares About Ours But We May Already Have a Remedy in Place

4 mins

The Bond Market Accomplished What Global Diplomacy Couldn't

It was a sharp sell-off of Treasury bonds that got the US to pull back from its tariff misadventure

4 mins

The rights of insurance policy nominees require clarity

Legislative action is needed to prevent family disputes between policy nominees and legal heirs

3 mins

Nuclear Energy Is A Crucial Piece In The Puzzle Of Climate Action

If we are to avert climate catastrophe, we must embrace all science-backed solutions, including those with complex legacies

3 mins

Trump's advisors got tied up in knots over his tariff obsession

Rarely has America seen such a spectacle of confusion over policy

3 mins

Making the Tie Work for Office This Summer

Stylists suggest ways to rock the tie at work and after office hours too

2 mins

How colour can boost productivity at work

Companies are rethinking the use of colour in workplace design, as different shades can impact employees' moods

4 mins

This multi-hyphenate's studio is a playground to unlearn

Multidisciplinary culinary product designer Eeshan Kashyap does his creative experiments with food in his studio

3 mins

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