Mint Mumbai - April 15, 2025

In this issue

April 15, 2025

Resorts begin to rise on the road less travelled

Ditch the usual weekend hotel for a retreat tucked away near Chikhli town in Gujarat or the Choral dam in Madhya Pradesh or even the tiger-infested forests of Mukundara Hills in Rajasthan.

3 mins

Street chaos marks the end of a record year for bulk deals

The Indian equity market closed FY25 with a record-breaking performance in bulk and block deals, clocking a total transaction value of ₹9.4 trillion, 3% higher than FY24's ₹9.1 trillion and the highest so far.

3 mins

Betting ads mushroom in India's regulatory grey zone

Banned betting sites are piggybacking on popular platforms again, as India's taxmen and regulators play whack-a-mole with shady operators from distant shores.

3 mins

Gold spike dims demand, futures trade at discount

Hobbled by surging prices in the past week, Indian gold jewellery buyers have tightened their purse strings in the hope that prices will ease in the coming weeks ahead of auspicious gold buying occasions.

2 mins

Tata Sons exec's kin own firm once listed as group company

A Tata Group company in 2022 listed a business owned by the family members of a Tata Sons executive and run by retired group executives as a group firm, before removing the reference a year later.

3 mins

Centre Works to Speed Up Hospital Mediclaim Track

Standardized forms, quicker settlements to bring more people under health cover

3 mins

Power capacity addition falls

In February about 1.32GW capacity was added, less than half the 2.78GW added in the same month of FY24

1 min

OPEC Cuts Oil Demand Growth Forecasts

OPEC cut its 2025 global oil demand growth forecast on Monday for the first time since December, citing the impact of data received for the first quarter and trade tariffs announced by the US.

1 min

Centre Presses Hospitals For Greater Transparency On Organ Donations

With the world's lowest organ donation rate, the health ministry has warned hospitals to issue timely and transparent reports of deaths to their respective state authorities or face penalties, including licence cancellation.

2 mins

Dip in crude import prices lifts hope for a trickle-down to fuels

India's average crude oil import price has fallen below $70 a barrel for the first time since August 2021 even as benchmark Brent crude on Monday opened below $65, raising hopes of a downward revision of petrol and diesel prices that could bring some cheer to customers, and enhancing the macroeconomic stability of an economy that imports most of its fuel, people familiar with the matter said.

1 min

US climate withdrawal spurs rethink on green funding

Govt will focus on tapping other multilateral and bilateral means, besides private sector

2 mins

MoEngage Taps Avendus to Raise Up to $180 Million

MoEngage Plans to Use the Funds to Expand in the US, Europe, Asia, Middle East and Also Expand into Newer Markets

1 min

8-Member Temp Exec Group To Lead ONDC

Committee to stay in place till new CEO found to replace outgoing Koshy

2 mins

Banks slash deposit rates taking cue from RBI's 25 bps repo cut

Tight liquidity and strong credit growth in Q4 FY25 discouraged banks from passing the rate cut to depositors

2 mins

Cement price hikes in April ease margin fears, for now

Concrete steps

1 min

How Dutch Rejig Helps Tata Steel

A meltdown Tata Steel Nederland has faced profitability stress in the recent past amid lower realization and high energy costs.

2 mins

Missing shows of interest on OTT apps? Cross-platform engines could help

As streaming choices multiply, consumers want more search and discovery tools to simplify browsing titles across sites

2 mins

Foxconn in talks to set up a new electronics unit in UP

The Uttar Pradesh government and iPhone maker Foxconn have started discussions to set up an electronics manufacturing unit in the state, sources aware of the development said.

1 min

In a setback, liver risks force Pfizer to drop obesity pill

Pfizer Inc. will stop developing an obesity pill that was closely watched by investors, a severe blow in its efforts to compete with blockbuster weight-loss shots from Novo Nordisk A/S and Eli Lilly & Co.

1 min

BofA Seeking to Revamp India Investment Team After Probe

Bank of America Corp. is rebuilding its investment banking team in India after a string of senior resignations and scrutiny over share sales rocking local operations last year, said people familiar with the matter.

1 min

Electric bus makers gear up for Delhi's full fleet electrification

Delhi will increase its electric bus fleet from the existing 8,000 to 11,000 over next five years

3 mins

Lodha trademark row ends as brothers settle dispute

Abhishek retains 'Lodha' tag, younger sibling to own 'House of Abhinandan Lodha' brand

2 mins

As antitrust trial begins, Meta faces potential breakup

The trial is expected to last about two months and feature testimony as soon as this week from CEO Zuckerberg

1 min

Costs bite into Havmor profit, even as summer demand soars

Havmor plans to continue expanding its franchise-led parlour network, which includes 250 outlets

2 mins

Intel to sell 51% in Altera amid cost cuts

Intel Corp. has agreed to sell a 51% stake in its programmable chips unit Altera to Silver Lake Management, making good on plans to start spinning off non-core assets.

1 min

Bumper launches in FY26, but caution on home prices

Developers gear up for big residential launches, and are confident demand will stay robust.

3 mins

Omnivore plans to invest in life sciences

Omnivore is also planning a couple of exits this year from its second fund and is in talks to create an exit strategy

2 mins

How the U.S. Lost Its Tag as the Manufacturing Powerhouse

President Trump says his tariff plan will restore American manufacturing might, but economists are skeptical

4 mins

China, Vietnam Ink Deals as Xi Calls for Stronger Trade Ties

Xi's Trip to Hanoi, His Second in Less Than 18 Months, Aims to Consolidate Relations With a Neighbor

2 mins

U.S. allies are sitting out Donald Trump's trade war with China

Imposition of new tariffs on nearly every country adds to concerns in Europe and Asia about relying on America

6 mins

Mehul Choksi, wanted in $2-bn bank fraud, arrested in Belgium

A hearing in 4-5 days will decide if he has to be kept in custody or released on bail

2 mins

Hospitality deals see shift to tier II, III cities

India's hospitality sector, which grew at par with the previous year, witnessed a shift towards tier-II and III cities, which accounted for nearly half of all hotel transactions, a report said on Monday.

1 min

Nvidia Plans Servers Worth $500 Billion in US

Nvidia said it is planning to build AI servers worth as much as $500 billion in the US over the next four years with help from partners such as TSMC, the latest American tech firm to back the Trump administration's push for local manufacturing.

1 min

Hyatt to double capacity in 5 years

Hyatt Hotels Corp. plans to double its number of properties in India over the next five years, as affluent residents splurge on weddings, pilgrimage and concerts.

1 min

EU suspends tariffs on US until 14 July

The European Union's (EU) retaliatory tariffs on US goods worth €21 billion will be on hold until 14 July, Brussels said on Monday, to give time for negotiations with Washington.

1 min

Gold falls over 1% as risk appetite rises

Old prices dipped more than 1% on Monday, retreating from a record high hit earlier in the day, as risk appetite improved after the White House exempted smartphones and computers from reciprocal tariffs on China.

1 min

Ashish Saraf joins P&W as India head

Aircraft engine maker Pratt & Whitney (P&W) on Monday announced the appointment of Ashish Saraf as vice president and country head, India.

1 min

Kaistha to head Lamborghini India

Italian super luxury automaker Automobili Lamborghini on Monday said it has appointed Nidhi Kaistha as head of Lamborghini India.

1 min

India, China discuss resuming flights

India and China have held one round of talks on resuming direct passenger air services, but no dates have been fixed yet, New Delhi said on Monday, as relations continued to thaw five years after a deadly border clash.

1 min

How Tata Capital Is Prepping For An IPO

After 22 years, India's biggest conglomerate will once again have a listed firm in the financial services industry

8 mins

Gold, The Goat No One Talks About, Never Disappoints

Over 25 years, gold has beaten major indices and asset classes both in dollar and rupee terms

3 mins

Know NRI taxes on Indian share buybacks

Do you have a personal finance query? Send in your queries at mintmoney@livemint.com and get them answered by industry experts.

1 min

Tether Emerges as Major Crypto Lender Since Collapse of the Sector

Tether Captures 70% Market Share as Other Centralized Lenders Struggle to Recover from 2022 Crypto Meltdown

3 mins

Gold-trading frenzy hits China as tensions with US escalate

People's Bank of China added 2.8 tonnes of gold, while Goldman Sachs says prices will reach $4,000 per ounce in 2026

2 mins

India Inc should warm up to corporate bond issuances

Non-financial businesses issuing more corporate bonds will work in favour of the economy

3 mins

Another IMF loan for Argentina could have major repercussions

What the Milei government has obtained may turn out scandalous for the Fund and bad for others

3 mins

Liminal India plays a unique role in a divided world

'Liminality' describes a transitional phase that's a strategic asset for the country in world affairs

3 mins

Female founders are haunted by the misdeeds of their peers

A gender lens on fraud is irrational but such biases are pervasive

3 mins

India's Delimitation Dilemmas Go Beyond Unequal Representation

Demographic changes give the Lok Sabha a representational bias while overlarge constituencies amplify majoritarianism

4 mins

For stronger shoulders, learn the push press

Add this dynamic exercise to your regime as it engages the whole body

2 mins

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