Mint Mumbai - April 23, 2025

In this issue

April 23, 2025

Centre reviews Gensol's green energy contracts

PFC files EOW complaint over false papers, explores all options to recover loan

3 mins

Younger buyers fire up auctions of top Indian art

Indian art is having its breakout moment—and a new generation of collectors, curators and market makers is leading the charge.

3 mins

IMF cuts India view, signals global risks

The 21st-century world is deeply integrated with interconnected supply chains and financial flows, and any unwinding of this integration could trigger significant economic upheaval, the International Monetary Fund (IMF) cautioned.

2 mins

Weak order books bode ill for IT firms this fiscal year

SLimmer order books and fewer mega-deals spell gloomy days ahead for four of India's largest IT services companies, posing an additional headache in a world of rising turbulence and advancing AI.

2 mins

Apple May Set $15 Billion Revenue in India as iPhone Eyes Top 5 Club

Apple cart Armed with a strong ecosystem and sustained iPhone demand, Apple is on track for a strong 2025.

3 mins

Trump's trade offensive threatens America's financial primacy

Financial markets have flashed an ominous message this month about President Trump's ambitious and improvisational bid to reshape global trade: Be careful what you wish for.

5 mins

Global trade shifts open doors to US ties: FM

mid rising global trade barriers and shifting investment flows, Union finance minister Nirmala Sitharaman sees a silver lining—strategic opportunities for deeper India-US ties in high-stakes sectors like semiconductors, quantum tech, pharmaceuticals, and nuclear energy.

1 min

Plan to fill medical teaching posts with retired army, railways docs

Amid a shortage of medical faculty in medical colleges, the National Medical Commission (NMC) plans to fill the vacant positions with retired doctors from the army and railways.

2 mins

Govt alerts states on worker protection amid rising heat

The government has asked all states and Union Territories (UTs) to implement urgent and coordinated measures to protect workers from heat stress.

1 min

Lift trade barriers, boost US imports, Vance tells India

An Indian team is heading to the US for talks on the first tranche of a bilateral trade deal

3 mins

India wants steel, aluminum tariffs to be part of BTA with US

India wants the 25% tariff on steel and aluminum imports enforced by the Trump administration to be included in the India-US bilateral trade agreement (BTA) that is currently being negotiated, rather than being addressed separately, two people aware of the matter told Mint on condition of anonymity.

1 min

Trident Growth Launches ₹2,000 Crore Maiden Fund

The fund aims to lead or co-lead the Series B+ investments in fast-growing companies

2 mins

Gold rush breaches ₹1 lakh-mark in Delhi

Gold prices surged by ₹1,800 to zoom past the crucial ₹1 lakh-mark for 10 grams in the national capital on Tuesday amid buying rush by local jewellers and stockists in anticipation of increased demand during Akshaya Tritiya and wedding season even as global macroeconomic uncertainties continued to fuel safe-haven chase.

1 min

Oberoi Realty eyes timely launches and grip on inventory

Weak show

1 min

Deal Gives Adani Ports Int'l Push

Making waves

2 mins

IMF Cuts Outlook for India Growth, Flags Global Risks

Wise, financial institutions will re-evaluate their credit supply to businesses, until they can assess the latter's exposure to the new environment,

1 min

Does Biryani By Kilo add value in kilos or grams to Devyani?

DIL has seen same-store sales growth fall for nearly eight straight quarters amid weak urban demand

2 mins

Samsung, LG e-waste case: Delhi HC seeks govt reply

The Delhi High Court has issued a notice to the central government and the Central Pollution Control Board (CPCB) after LG Electronics India Pvt. Ltd and Samsung India Electronics Pvt. Ltd filed petitions against a recent policy requiring electronics manufacturers to pay more to e-waste recyclers, court documents showed.

1 min

Legacy planning takes centre stage for India's startup founders

India's startup founders are getting serious about estate and trust planning — and for good reason. With rapid wealth creation, global exposure and maturing business outlooks, founders are no longer building companies — they're thinking legacy.

2 mins

Adani Transfers Spectrum Rights to Bharti Airtel

The transfer is significant as Adani group, which bought the spectrum in 2022, was not able to deploy it

1 min

Proxy advisors rule against pact between DOMS promoters

Stationery major DOMS Industries Ltd wants to return to the status quo it had before its public markets debut in 2023, where its two sets of promoters have an agreement on board appointments, sharing of information, exclusivity to certain markets, and a veto on key company decisions.

1 min

HCL Revenue Growth Beats TCS, Infy; FY26 Outlook Soft

HCL Technologies reported a 4.3% increase in revenue, reaching $13.84 billion in 2024-25

2 mins

Renault Aims to Triple India Share by '29

Renault Plans to Grow Customer Base by Targeting Premium Buyers, and Expand Beyond the Sub-₹10 Lakh Segment

2 mins

First close for A91's third and largest fund

91 Partners, which has backed prominent startups such as HealthKart, Blue Tokai and Giva, announced on Tuesday the first close of its third India-focused fund with a corpus of $665 million, its largest till date, underscoring sustained investor appetite for the burgeoning startup scene.

1 min

No fresh cash infusion for Vi, telcos doing better: Scindia

By July, BSNL will install all 100,000 towers. We will then measure the quality of services. Jyotiraditya Scindia Union communications minister

3 mins

Gensol Promoters Lose More Than Half of Their Ownership

In April, creditors took control of 9.19% of shares, leaving the promoters with 26.68% holding

2 mins

Meraki [Fuel For The Soul] Unveiled At A Grand Launch

The much-awaited self-help book by Dr Josan Ranjjith, MERAKI (Fuel for the Soul), was launched at a historic gathering, held at the Marriott Goa.

1 min

Why It's So Difficult for Robots to Make Your Nike Sneakers

The robots struggled to handle the soft, squishy and stretchy parts that are integral to shoemaking

5 mins

Harvard University Is Suing the Trump Administration

Harvard University filed a federal lawsuit against the Trump administration Monday, arguing it has violated the university's constitutional rights by freezing billions of dollars in federal funding and imperiling its academic independence.

3 mins

Trump Is Laying the Groundwork to Blame Powell for Any Downturn

Fed's Legitimacy Is at Risk as President Attacks It for Cutting Rates Before Election but Not Now

5 mins

Flipkart to shift base back to India

Flipkart will shift its holding firm from Singapore to India, the e-commerce giant said on Tuesday, as its parent Walmart aims to take the 17-year-old company public.

1 min

Norms proposed for gas cylinders

In a significant step to improve safety in the handling and use of gas cylinders—especially those used for hydrogen—the government has proposed a set of amendments to the Gas Cylinders Rules, 2016.

1 min

UBS picks stake in 360 ONE

360 ONE WAM and UBS have entered into an exclusive strategic collaboration aimed at leveraging their respective strengths—360 ONE's local insight and client network, and UBS's global and regional expertise.

1 min

Ericsson to expand India production

Sweden's Ericsson is planning to manufacture all its telecom antennas for the Indian market in the country, the company said on Tuesday.

1 min

Former NIIF exec to launch new PE fund

Padmanabh \"Paddy\" Sinha, a former top executive at the state-run National Investment and Infrastructure Fund Ltd (NIIF), is launching a new approximately $250 million private equity (PE) fund.

1 min

Musk Revives Plan To Visit India After Talking With PM Modi

Tesla Inc. chief executive Elon Musk indicated he'll visit India later this year after speaking yesterday with Prime Minister Narendra Modi, signalling potential progress in the electric-car maker's long-pending push into the world's most populous country.

1 min

Nipun Aggarwal to be Air Express chair

Air India chief executive officer (CEO) Campbell Wilson will step down as the chairman of Air India Express and Air India's chief commercial officer Nipun Aggarwal will assume the chairmanship of the budget airline.

1 min

CCI Okays 360 ONE, Bharti Life Proposal

The Competition Commission of India (CCI) on Tuesday cleared a joint proposal of wealth management firm 360 ONE and Bharti Life Ventures to acquire stakes in Bharti Axa Life Insurance Co. (BALIC).

1 min

'Supply chain changes aid India'

India is poised to benefit from supply chain realignments, diversified foreign direct investment (FDI) sources, and engagement with global investors seeking resilience and scale, given its already established trade linkages, according to the Reserve Bank of India's (RBI's) April bulletin.

1 min

Delhi HC pulls up Baba Ramdev

The Delhi High Court on Tuesday slammed Patanjali Foods Ltd owner Baba Ramdev for allegedly making communally-charged and disparaging remarks against the 119-year-old Hamdard National Foundation (India), the maker of the popular drink Rooh Afza.

1 min

Punjab to finally join Centre's crop insurance scheme

Huge losses suffered by farmers due to bad weather, farm fires led to this decision

1 min

How Resilient Is India To Trade Upheavals?

Countries with large domestic markets should be able to weather the storm better

7 mins

Donating to Indian NGO from UAE? No FCRA checks for NRIs

I was born and raised in Dubai and currently reside in the UAE, where I run my own business.

2 mins

Should you buy insurance from a home loan provider?

Understanding why home loan insurance sold by banks may cost more, offer less flexibility

5 mins

Rethinking Deposit Insurance: A Proactive Solution or Crisis Management?

98% of accounts are insured, but the ₹5 lakh cap fails to protect all high-value depositors

3 mins

India can reap a lot more from its agricultural sector

Our farm sector could grow much faster and also make significant headway with exports

3 mins

Vance's visit to India needs to stay free of diplomatic slip-ups

Decorum must be maintained for India-US ties to make progress

3 mins

Let Modern Geothermal Energy Power Our AI Ambitions

Such Units Could Come Up Faster Than Nuclear Plants and Satisfy the Huge Appetite of Data Centres

4 mins

Is the global economy about to stall? It's best to stay prepared

Countries should conserve their economic-policy space in case growth slows sharply and adopt reforms aimed at resilience

3 mins

The Best Tech to Level Up Your Gaming Experience

Picking up cool gaming gear is a venerable side-quest, no matter which game or platform you prefer. We put together a list of our favourites

1 min

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