Mint Mumbai - April 21, 2025

In this issue

April 21, 2025

Hotel deals warm up as heat rises, school year ends

Soaring heat and school holidays are driving a seasonal exodus from cities, as residents chase cooler climes abroad or in hill stations.

2 mins

Lenders brace for margin headwinds as rate cuts kick in

India's top private banks have warned of margin pressures in the short term as they look to factor repo rate cuts by the central bank into their deposit and loan products, and as competition on pricing of loans intensifies in the banking industry.

3 mins

Putin's war economy can't escape Trump's trade blitz

Russia dodged \"Liberation Day\" tariffs, but Moscow is still perilously exposed to President Trump's trade war for one reason: oil.

4 mins

Gig demand swells, but workers are hard to find

The summer heat is scorching staffing firms, especially those providing temporary services to various industries, as demand for workers rises but the cost of meeting the demand also rises in parallel.

3 mins

Cognizant turns first IT firm to call out business risk from GCCs

Cognizant Technology Solutions Corp.'s annual report describes global captive centers (GCC) operated by its clients as a potential risk, making the Nasdaq-listed company the first large IT firm to cite the GCC shadow over outsourcing.

3 mins

India resists US push to open its dairy market

New Delhi won't let in milk products unless US adopts India's veg certification

4 mins

Russia, Ukraine both claim breach of truce

The 30-hour truce to mark Easter could be the most significant pause in the fighting throughout the three-year conflict

1 min

New leprosy treatment regimen pushed

In a bid to eradicate leprosy by 2027, the health ministry has urged states and Union territories to implement a revised treatment regimen for paucibacillary and multibacillary cases.

1 min

A Nation Falling for the Lure of Majoritarianism

Over the past few years, social media's invasive power has become evident in our lives

3 mins

Vance begins India visit with focus on economy, trade, geopolitical ties

S vice president J.D. Vance will embark on a four-day visit to India on Monday as the two countries seek to unlock economic opportunities and negotiate a bilateral trade deal.

2 mins

More digital nudges weighed as taxman pushes compliance

Tech, AI-driven 'nudging' is a key element of the tax department's new toolkit, say experts

2 mins

Oil, gas survey scheme may be extended

The scheme, called Mission Anveshan, was approved with a budgetary outlay of ₹720 crore for two years

2 mins

SolarSquare Doubles Its Revenue in FY25

Rooftop solar panel provider SolarSquare, backed by marquee investors such as Lightspeed Venture Partners, Elevation Capital, impact-focused private equity firm Lightrock, Chris Sacca's Lowercarbon, Nithin Kamath's Rainmatter, and Gruhas Proptech, nearly doubled its revenue in the financial year ended March 2025, a top executive told VCCircle.

1 min

Ola pares funding target for its AI venture to $300mn

Krutrim has no firm offers yet but is \"confident of onboarding multiple big-ticket investors\"

3 mins

Sentiment for deals and IPOs may turnaround post Q4 results

I believe mutual funds will continue to play a key role in pricing deals, while FIIs will also be active... Neha Agarwal MD & head-Equity Capital Markets, JM Financial

4 mins

The Allure Of South-East Asia

South-East Asia as well, and yet the room rates had not risen as much.

1 min

HDFC Bank braces for rate-cut hit

Margin moderation ahead

2 mins

Global Volatility, Not Govt, May Revive Investor Interest in PSUs

Experts Warn That High Dividend Yields May Mislead Investors Into Choosing Underperforming PSU Stocks

3 mins

BHEL's revenue grows 19% on power demand

Thermal power lifts FY25 revenue to ₹27,350 cr, order book hits ₹1.95 tn

2 mins

Centre plans stake sale via QIP in BoM

The government also plans equity dilution in other PSBs to meet Sebi's 25% public shareholding norms in FY26

1 min

Proposed MF norms to benefit infra, realty

Regulator may double MF limit in REITs, InvITs to 20%, issuer cap to 10%

2 mins

Zomato probe: NRAI challenges CCI order

The National Restaurant Association of India (NRAI) has approached the Delhi High Court, challenging its exclusion from the confidentiality ring set up by the Competition Commission of India (CCI) in the ongoing antitrust investigation against food delivery giants Zomato and Swiggy.

1 min

Countries Shore Up Digital Defenses as Tensions Rise

Security, cyber experts warn of heightened cyberthreats and a growing digital arms race

2 mins

Hollywood curbs in China lift hopes for Indian movies

Fragmented distribution is a hurdle, but producers with steady pipelines can benefit from current demand

2 mins

Cola Wars: The Trump Tariffs Are Tilting the Scales in the Coke Versus Pepsi Battle

PepsiCo makes nearly all of the concentrate for its US sodas in Ireland, unlike Coca-Cola

3 mins

The boardroom eruption over the future of Harley-Davidson

The next CEO, who would be Harley's third in less than 6 years, could stick with Zeitz's strategy or pave a new road

6 mins

State Department Set For Big Change As Per Draft Order

A draft Trump administration executive order circulating among US diplomats proposes a radical reduction to and reorganization of the State Department, according to a copy of the document seen by Bloomberg.

2 mins

Who will pay the price for Trump's economic goals?

Slash trade deficit and net inflow of foreign money dries up; hitting share prices, raising firms' borrowing costs

4 mins

Auto exports rise 19% in FY25: Siam

Automobile exports from India rose by 19% to over 5.3 million units in the last 2024-25 fiscal year driven by robust demand for passenger vehicles, two wheelers and commercial vehicles in the overseas markets.

1 min

ED's plea opposed by arms dealer

High profile arms dealer Sanjay Bhandari has opposed Enforcement Directorate's (ED's) plea before a Delhi court seeking to declare him a \"fugitive\" in connection to a black money case, claiming that his stay in the UK was legal since his extradition to India was denied by the London High Court.

1 min

Need separate PLI for compressors

A separate production-linked incentive (PLI) for the air conditioner segment, focusing on high-value components like compressors and motors, is the need of the hour, Panasonic India head Manish Sharma said, echoing the demand of the industry.

1 min

More time for coal exchange inputs

The government has extended the deadline to early next month for public comments on the proposed rules on Coal Trade Exchange (CTE) that will facilitate the dry-fuel's trading as a commodity.

1 min

JSW Energy to revise 2030 goals

JSW Energy on Sunday said it is working on Vision 3.0, which is likely to be unveiled in the next 2-3 months, to revise its earlier target of 20GW installed capacity and 40 GWh storage by 2030, in view of a favourable regulatory and demand outlook.

1 min

MTNL defaults on ₹8,346-crore loans

MTNL has defaulted on bank loans worth ₹8,346.24 crore from seven public sector banks, the firm said in a filing.

1 min

Did Auto Parts Suppliers Err in Making EVs?

Greaves Cotton, Tube Investments and Pinnacle Industries have bled money since they began their EV journey

8 mins

How The Next Gen Can Hold On To Its Inheritance

The next gen must decide whether to be active builders or just passive custodians

2 mins

Master class: Why DSP's Kalpen Parekh is betting on hybrid funds

The DSP MF CEO reveals how hybrid funds, bonds and gold anchor his portfolio amid stock market volatility

4 mins

New tax regime: can you set off old losses?

I claimed business losses two years ago under the old tax regime and carried them forward in my previous year's Income Tax Return (ITR), which was also filed under the old regime.

2 mins

There's crushing news for people who want to live long

A wonder drug that a wealthy longevity seeker was testing on himself may have turned out to be a dud

4 mins

The subtle art of influence: We must leverage India's soft power

We can potentially hold sway across the world through all that makes our country so attractive

3 mins

Those Seeking Reforms in India Probably Require a Reality Check

Calls for economic reforms fail to recognize the political conditions that must be met for changes to go through and succeed

3 mins

Xi's Asian charm offensive is all about keeping the US out

He is keen to capitalize on a big vacuum left by Trump in East Asia

3 mins

Trade face-off: Will the US back down first or China?

Pressure on Trump seems greater than on Xi but this may only be because Chinese politics is opaque

4 mins

Don't miss the bus to your entrepreneurial dreams

It took a rude reality check for Phanindra Sama, founder of redBus, to venture out into launching his startup

3 mins

Why There's No Right Way To Build Success

IIMA Ventures' Priyanka Agarwal Chopra on Mentorship and Checklists

2 mins

Can AI Help Employees Be Happier At Work?

Automating repetitive tasks frees up time for employees to do more with their lives outside the office, improving work-life balance

5 mins

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