Mint Mumbai - April 22, 2025

In this issue

April 22, 2025

Adani plans its biggest township in Navi Mumbai

Adani Realty is preparing to launch its biggest township project across more than 1,000 acres in Navi Mumbai, where the conglomerate has built a new international airport that opens soon.

2 mins

PFC to act in Gensol case, but cloud over unseen ₹262-cr gap

Power Finance Corp. Ltd (PFC) is moving to recover loans to Gensol Engineering Pvt. Ltd, even as questions arise regarding how lenders remained unaware of the fund diversion spotted by the market regulator.

2 mins

High heat may wilt workers, factories

Cos strengthen health protocols, adjust shifts, urge action plans

3 mins

FM: First tranche of India, US trade deal by autumn

Finance Minister Nirmala Sitharaman on Monday said India hopes to finalize the first tranche of a bilateral trade deal with the US by the end of the American autumn season that runs from mid-September to mid-December.

1 min

India Wants Brazil's Farm Tech to Grow More From Less Land

India is turning to Brazil for lessons on how to grow more from the same amount of land.

1 min

Core sector output grows 3.8% in March, highest in two months

Output growth Cement, steel and electricity boosted the core sector output in March.

1 min

Govt imposes 12% safeguard duty on steel

Industry claims cheaper imports not just from China but also from Japan, South Korea impacted their profits

2 mins

Demand for work under rural job scheme hits 4-month low

MGNREGS demand is a barometer of rural distress, rising when jobs in informal sectors drop

2 mins

Why drone cos are looking beyond defence sector for clients

Drone startups are tapping into healthcare and quick comm, even as the sector faces regulatory fog

2 mins

Google faces off with US in search monopoly case

DOJ is asking for a radical shake-up that bans Google from striking deals with tech firms that shield it from competition

1 min

Jio Platforms to absorb AI-driven edtech co Embibe

RIL, which acquired nearly 73% stake in Embibe in 2018, will completely merge the edtech firm into JPL

1 min

Rebel Foods Receives $25 Million From Qatar

The company will use the funds to expand its restaurant, food courts biz

2 mins

Google Settles Android TV Case

Technology major Google on Monday settled with the Competition Commission of India (CCI) a nearly four-year-old case related to alleged unfair business practices with respect to Android Smart TV market and has agreed to modify its agreement with vendors.

1 min

Instagram to begin using AI to spot teens posing as adults

Instagram is beginning to test the use of artificial intelligence (AI) to determine if kids are lying about their ages on the app, parent company Meta Platforms said on Monday.

1 min

Food delivery growth to stay flat q-o-q

Analysts expect 10-minute food delivery propositions to have minimal impact on the overall business

2 mins

ICICI or HDFC: Who Leads in FY25?

A comparison of FY25 results of India's largest private sector lenders by total assets shows ICICI Bank maintains its lead over the top player, HDFC Bank, in some key parameters.

2 mins

India Stocks Shine Amid US Tariff Turmoil

Indian stocks advanced for the fifth straight session, indicating a growing appetite for the South Asian nation's assets among fund managers scouring for relative haven from US President Donald Trump's escalating trade war.

1 min

Kansai Nerolac's bet on industrial paints may pay off later

Fading sparkle The Kansai Nerolac stock has underperformed the Nifty500 index in the last one year.

1 min

RBI's new liquidity coverage norms are big boost to banks

The new LCR guidelines take effect from 1 April 2026, giving banks enough time to transition to the latest standards

2 mins

Brokers seek time to prepare infra for same-day settlement

India became the first country to implement a T+1 settlement cycle for all listed stocks on 27 January 2023

2 mins

No go zones: where comics fear to tread

Stand-up comedians, digital creators and social media influencers are treading with extreme caution.

2 mins

Air India Keen to Take Boeing Planes Refused by Chinese Airlines

US-China Tariff War Allows Air India, Other Non-Chinese Airlines to Acquire Boeing Planes, Helping Offset Its Losses

2 mins

Xiaomi India shifts focus for premium smartphone push

On the wane

2 mins

HC notice to CCI, Zomato on plea by restaurant body

The Delhi High Court tagged the plea with a similar case involving Swiggy; both matters will be heard on 23 April

2 mins

Maharashtra to shut down 121 unauthorized Ola stores

Local authorities have conducted several raids across the state, with 192 vehicles seized

3 mins

HUL vs Honasa: Delhi High Court defers hearing

The Delhi High Court on Monday deferred the hearing in the legal battle between Hindustan Unilever Ltd (HUL) and Honasa Consumer Ltd over sunscreen advertisements. The matter will now be heard on 25 April.

1 min

LG and Samsung sue govt over electronic waste pricing policy

South Korea's LG and Samsung have sued the government to quash a policy which increases payouts to electronic-waste recyclers, court filings show, joining other major firms in contesting the country's environmental rules citing business impact.

1 min

Infra Investment Trusts Push Buyouts in Roads, Highways

AUM of road InvITs likely to grow by 68%, reaching ₹3.2 trillion by end of FY26, as per EY

3 mins

Rural push: Brands overhaul influencer marketing model

With social media gaining ground in rural India, consumer brands are now directing 30-35% of their influencer marketing budgets beyond metros.

2 mins

Current Volatility May Be Tailwind for AI-Led Projects

Accenture execs said clients in wait and watch mode, and it may take a quarter to note impact

3 mins

Pope Francis, who ministered with a humble style, passes away at 88

Francis changed the church's position on the death penalty, calling it inadmissible in all circumstances

4 mins

Donald Trump Is Everywhere Except in the Economic Data

Fears that tariffs, spending cuts would lead to inflation have yet to show up in the numbers

4 mins

Putin's Easter ceasefire gimmick bodes ill for Trump's peace deal

The bald man has not moved for more than three years.

4 mins

PM Modi, VP Vance hail momentum in India-US ties

The meeting came just months after Modi's visit to Washington in February

1 min

Sebi Proposes New Arbitration Method

Markets regulator Securities and Exchange Board of India (Sebi) on Monday proposed offering a direct arbitration mechanism for resolving disputes in certain cases with claims of at least ₹10 crore and those which are chronic and repetitive in nature.

1 min

Sintex Plastics can be liquidated

The National Company Law Appellate Tribunal (NCLAT) has upheld an order directing liquidation of debt-ridden Sintex Plastics Technology.

1 min

SpaDeX success: Isro performs second docking of satellites

The Indian Space Research Organisation (Isro) has performed the second docking of satellites as part of its SpaDeX missions successfully, Union minister Jitendra Singh said on Monday.

1 min

975,000 Tractors Sold in FY26

Higher minimum support prices for key cash crops, better replacement and construction demand amid hopes of above-normal monsoon are likely to drive domestic tractor sales to hit an all-time high of around 975,000 units in 2025-26, growing at 3-5%, according to Crisil Ratings.

1 min

Klaus Schwab steps down at WEF

The founder of the World Economic Forum (WEF), Klaus Schwab, has stepped down from the organization's board of directors after more than 50 years at the helm.

1 min

Airtel Expands Its Fight Against Spam

Bharti Airtel on Monday announced two new features in its ongoing offensive against spam, as it expanded detection coverage to international calls and SMSes and introduced spam alert display in 10 Indian languages.

1 min

Samsung bets on AI, local languages

Appliances and consumer electronics major Samsung is introducing artificial intelligence (AI)-based commands for vernacular languages and India-specific features to drive growth in the highly competitive domestic appliances market here, said executives of the South Korean company.

1 min

SUVs score 68.5% of sales: Hyundai

Hyundai Motor India on Monday said SUVs (sports utility vehicles) accounted for 68.5% of its overall sales in the last fiscal year, registering a growth of 8% as compared with FY23-24.

1 min

AIFs Infuse ₹74K Cr in Indian Realty

The Indian real estate sector has received ₹74,000 crore from alternate investment funds (AIFs) till December 2024, highest among all sectors, according to Anarock.

1 min

Goodyear reviews farm tyre business

Tyre maker Goodyear India Ltd on Monday said its US-based parent plans to review the company's farm tyre business to evaluate all strategic, operational and financial opportunities related to it.

1 min

Can Q-Comm Deliver Returns to Shareholders?

The hype cycle around quick commerce is maturing into a 'grind cycle'. This has implications for investors

9 mins

TDS on rent, contract work: How small taxpayers can avoid penalty

Understanding the hidden costs of TDS compliance for landlords, both residents and NRIs, and contractors

6 mins

Why Tax Rules on Pooled Schemes Need an Overhaul

Aligning all schemes with investor-level tax may simplify system, reduce tax arbitrage

3 mins

Columbia Missed the Academic Freedom Bus That Harvard Took

Harvard's legal challenge to Trump's pressure may set a precedent on the autonomy of universities

3 mins

India must diversify its exports of manufactured goods

The evolving geopolitical situation has opened up opportunities for us to boost exports

4 mins

How Our Statistical System Could Win the Ongoing Narrative War

It continues to attract flak despite its progress, but maximizing the use of data for governance can turn perceptions around

4 mins

Google's Ad-Tech Heft Is Easier to Fix Than Its Search Monopoly

Its antitrust setbacks will hurt it but need not threaten its future

3 mins

Pay attention to market signals that are flashing red

How US bonds responded to tariffs show the value of price signals from better clued-in markets

4 mins

Make this a summer of play and fun lessons

Wipe out your kid's 'I am bored' cry with activities that engage and educate

2 mins

Shane Watson's pick-me-ups? Music, sleep, meditation

The biggest issue —and this is across the board—just comes down to confidence. It's about people's confidence going up and down and riding the wave of results. The one thing that most human beings are absolutely obsessed with is \"results\". That's because results define what we do in regards to whether we get picked for

3 mins

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