Mint Mumbai - April 18, 2025

In this issue

April 18, 2025

Dubai to Bastar bet on influencer aura to lure travel

From blazing, hotshot Dubai to remote, unsung Bastar, tourism hotspots—old and emerging—are opening their doors to social media influencers in a bid to gain footfalls from their follower base.

3 mins

Marketers Put More Content, Quality Control in the Hands of AI

Marketers are growing more comfortable with letting generative artificial intelligence assume the voices of their brands.

3 mins

Jaggis' promises to Gensol directors remained unmet

Promoters of Gensol Engineering Ltd (GEL) had assured the board that they would manage the company's debt better and get a Big Four auditor to vet related party transactions (RPTs), promises that remained unfulfilled even as the regulator cracked the whip on Tuesday.

3 mins

Service charge is off menu, but not from your final bill

The ban on service charge won't make eating out cheaper—leading restaurant chains are looking to raise prices to compensate for the loss.

3 mins

Infosys Q4 Wraps a Bleak Week for India's IT Sector

Fewer jobs on cards for tech grads after TCS, Wipro too point to uncertainties

4 mins

What rules the market's mind in weeks of truncated trading

U.S. president Donald Trump abruptly suspended reciprocal levies on most countries last week, igniting a jubilant rally across world markets. But not in India, where the local markets stayed closed on 10 April for a public holiday. Social media lit up with memes calling to open the market, which had seen deep losses over the previous six days.

2 mins

IIP data to be released in 28 days from April

Starting April, the government will bring out the monthly industrial production data in 28 days, instead of the current practice of releasing it in 42 days, the Union statistics ministry said on Thursday.

1 min

Government considering alternative use of coal and emptied mines

The government is considering a renewed focus on alternative use of coal and de-coaled mines, as the domestic production of the fuel has increased in the past few years and the supply for power sector seems to be stable for the time being.

2 mins

Fitch Cuts India GDP Growth Forecasts

In FY26, the Indian economy is expected to grow at 6.4%, down from 6.5% Fitch Ratings had projected in Mar

1 min

Trade war can hit investment decisions

Hostility between the top two economies has worsened since the US imposed 145% tariffs on Chinese goods

2 mins

Centre to work with firms to return unclaimed assets

Govt aims to streamline refund process, but flow of funds into IEPF has been rising every year

2 mins

Organic push: ITC acquires 24 Mantra

ITC Ltd on Thursday said it has signed a share purchase agreement to acquire 100% of the share capital of Sresta Natural Bioproducts Pvt. Ltd (SNBPL), which manufactures and sells organic packaged food products under the '24 Mantra Organic' brand in the domestic and international markets.

1 min

HC cools fiery HUL, Honasa sunscreen ad dispute

A courtroom battle between two of India's biggest personal care players has ended in a quiet truce.

1 min

Medikabazaar faces investor ire

The company has also ousted its former CEO Vivek Tiwari from the board over fraud allegations

1 min

Visiting Illinois? Explore fine dining, hometown classics and iconic jazz clubs

In Chicago, the culinary scene is nothing short of spectacular, from cutting-edge fine dining to comforting hometown classics.

1 min

Nippon mutual fund website down since 9 Apr cyberattack

The website of Nippon Life India Asset Management Ltd, India's largest mutual fund by number of investors, has been down since a cyberattack hit the company's IT infrastructure on 9 April.

1 min

IDFC First Bank taps ADIA, Warburg to raise ₹7,500 cr

Investors to hold nearly 15% in IDFC First; investment marks return of Warburg to IDFC First

3 mins

Tariffs put Wipro revival at risk

Wipro Ltd's turnaround plan could be jeopardized by Trump's tariffs. The objective of the IT company's revamped strategy was to boost its revenue trajectory that has been lagging that of larger peers. So, in the past year, Wipro has taken several corrective steps under new CEO Srinivas Pallia.

2 mins

Angel One's March quarter hit by Sebi's new F&O curbs

Angel One Ltd's March quarter (Q4FY25) performance took a knock from the Securities and Exchange Board of India's (Sebi) new regulatory measures aimed at curbing trading volumes in the derivatives (F&O) segment.

1 min

Does US cancer drug nod make Cipla attractive?

Cipla, which makes HIV, respiratory and cancer drugs, is targeting North America with generic launches

2 mins

Sebi weighs NSE IPO nod, prioritizes public interest

India's largest stock exchange has long been waiting to go public. But as the National Stock Exchange (NSE) renews its bid for an initial public offering (IPO), the country's capital markets regulator is making its priorities clear: investor protection comes first.

1 min

Nifty 50, Sensex surge over 7% since 7 April low as FPIs return

Back in the green

2 mins

Rio Tinto plans green smelter

Global mining major Rio Tinto and India's AMG Metals & Minerals plan to set up the world's largest renewable-powered aluminium facility in the country at an investment of about $6 billion, said two people aware of the development.

3 mins

Consumer watchdog flags misleading ads by coaching centres

Consumer affairs ministry points out misuse of student success stories, top ranks, and guaranteed selections in ads

1 min

Muthoot-backed Belstar forays into gold loan business

Move likely to create a fresh income stream ahead of Belstar's IPO, deferred for 3-4 quarters amid sector stress

2 mins

APSEZ buys terminal from promoter entity

The acquisition of Australian terminal came at enterprise value of $2.5 bn

2 mins

US Judge Finds Google Holds Illegal Monopolies in Ad Tech

Alphabet's Google illegally dominated two markets for online advertising technology, a judge ruled on Thursday, dealing another blow to the tech giant and paving the way for US antitrust prosecutors to seek a breakup of its advertising products.

1 min

HDFC Bank HR head resigns

Vinay Razdan previously headed the HR operations for Idea Cellular for 12 years and eight months

1 min

Multiplexes losing out as malls cut screen numbers and size

Space for theatres in malls could fall by 30-50% over 2-5 years, estimated real estate experts

2 mins

How a Supreme Court ruling could weaken Fed independence, shake markets

Investors are already fretting about the safety of the dollar and Treasury debt. The Supreme Court might be about to give them even more reason to worry.

4 mins

Xi Fights Trump's Tariffs With Global Charm Offensive

President Trump has sparked conflict with trading partners around the world with threats of stiff new tariffs on their goods.

5 mins

US Tries to Crush the AI Ambitions of China With a Crackdown on Chips

The new restrictions affect Nvidia's H20 chips and AMD's MI308 products

4 mins

Tata unit signs £750 million loan

A unit of Tata Sons Pvt. has signed a £750 million ($990.79 million) loan, to build what could be Britain's largest battery making facility, according to people familiar with the matter.

1 min

Lauak weighs sale as Lohia circles

Lauak Groupe, the French family-owned supplier to aircraft manufacturers Airbus SE and Bombardier Inc., is exploring a full or partial sale to help fund global growth.

1 min

Zelestra Appoints New India Arm CFO

Spanish renewable energy major Zelestra has appointed Prashant Kumar as the chief financial officer (CFO) of its India unit.

1 min

Campa Cola to open new bottling plant in Bihar's Begusarai

Campa Cola, the soft drinks brand owned by Reliance Consumer Products Ltd (RCPL), the fast-moving consumer goods (FMCG) arm of Reliance Industries, will open a new bottling plant in Bihar.

1 min

Santosh Kumar is IndusInd's Dy CFO

IndusInd Bank has elevated Santosh Kumar as the deputy chief financial officer (CFO) of the bank ahead of the announcement of fourth quarter results.

1 min

Jio Financial Infuses ₹1,346 Crore in Arms

Jio Financial Services Ltd infused additional equity of ₹1,346 crore into its group entities in FY25 to fuel \"future growth aspirations and support the growing scale of the diverse businesses\".

1 min

MF exposure may rise in REITs, InvITs

Markets regulator on Thursday proposed to increase mutual funds' investment exposure in real estate investment trusts (REITs) and infrastructure investment trusts (InvITs).

1 min

Hyundai to Suspend EV Manufacturing in Korea

Hyundai Motor plans to temporarily suspend production of some of its electric vehicles (EVs) in South Korea due to slow demand and US tariffs, Yonhap news agency reported on Thursday, citing unnamed industry sources.

1 min

India Ups Vigil on Likely Import Surge Amid US-China Trade Tiff

A panel will track key Chinese exports to the US that could find their way into India

1 min

In Camel Country, A Vanishing Act

Camel milk is a superfood. But this niche product may not be enough to arrest a slide in population

8 mins

WHY EVEN SEASONED INVESTORS FALL FOR EMOTIONAL TRAPS IN VOLATILE MARKETS

Your knee-jerk portfolio shifts during market volatility may derail your long-term plans

2 mins

Make your post-retirement rental income work for you

Property disputes and poor documentation can turn rental income into a liability for seniors

4 mins

Should you take a top-up loan on your existing personal loan?

I'm repaying a personal loan, but due to recent unexpected expenses, I find myself needing additional funds. I've an option to take a top-up loan on my existing personal loan, but I'm not sure if it's a better route compared to a fresh loan.

2 mins

Nationalization: So the wheel's come full circle

British Steel may get nationalized. Decisions in the political economy space must sometimes be made on merits and context. Universal truths said to hold at all times are suspect at best

2 mins

Corporate board recruitment is taking a strategic turn

Board appointments have long been dictated by promoters and top executives, with allies handpicked who echo rather than challenge them.

3 mins

The interests of Indian farmers must not be hurt by trade deals

Pact negotiators should bear in mind that a large part of India's population depends on farming

3 mins

Confidently wrong: AI is exasperatingly human-like

We've been looking for the wrong signs in the race for artificial general intelligence (AGI). Sure, we still fantasize about the day that AI will solve quantum gravity, out-compose Mozart, or spontaneously develop a deep personal trauma from its 'childhood in the GPU.' But let's face it—human intelligence isn't about 'logic' or 'truth-seeking.' It's about confidently bluffing. And AI has nailed it. Let's talk about it some more.

3 mins

India's economic strategy should take the big picture into account

A comparison of our economy's emergence with China's explains the value of an industrial policy for local manufacturing

3 mins

Taiwan Is Under Siege But Not Short Of Options On Its Security

Beijing may be plotting a takeover and Taipei must do what it can

3 mins

The Rajah Gaadi Returns with Its Classic Design

The resplendent royal ride is back. Enfield's Classic 650 is more handsome and faster but not as sweet a ride as its smaller sibling

4 mins

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