Mint Mumbai - April 24, 2025

In this issue

April 24, 2025

White House weighs cutting China tariffs to ease trade war

The Trump administration is considering slashing its steep tariffs on Chinese imports-in some cases by more than half-in a bid to de-escalate tensions with Beijing that have roiled global trade and investment, according to people familiar with the matter.

1 min

Gensol West Asia ops look to part ways with parent

A mid mounting scrutiny over alleged financial irregularities in India, solar power firm Gensol Engineering Ltd's West Asia operation is exploring a potential separation from its embattled parent company.

2 mins

MPC Members Flag Impact of Tariffs on India's Growth

Worries about the global tariff war hung over the Monetary Policy Committee's (MPC) meeting earlier this month, minutes of the meeting released on Wednesday showed.

2 mins

Oil's fall to bring down fertilizer subsidy burden, ease fiscal strain

Cooling crude oil prices are expected to ease India's fertilizer subsidy burden and import bills, in a spot of relief for the economy navigating a raging tariff war.

3 mins

Kashmir's hotels, houseboats reel from Pahalgam terror blow

Travellers to Kashmir are cancelling plans, rescheduling visits and avoiding fresh bookings after Tuesday's terror attacks, throwing a blanket of gloom over its picturesque valley and snow mountains.

3 mins

Delhi's move for hybrid sops rattles EV makers

Cos which have invested heavily in battery tech fear that other states may follow

3 mins

India, Saudi to work on setting up two oil refineries

India and Saudi Arabia have agreed to collaborate on establishing two oil refineries in India.

1 min

Pvt sector kicks off FY26 on a strong note: HSBC survey

India's private sector kicked off FY26 on a strong note, buoyed by robust global demand for goods and services, according to HSBC's flash Purchasing Managers' Index (PMI) survey released Wednesday.

1 min

India Downgrades Ties With Pakistan

India will be withdrawing its defence, navy and air advisers from the Indian High Commission in Islamabad

2 mins

World Bank Lowers India's FY26 Growth Forecast to 6.3%

The World Bank on Wednesday lowered India's growth forecast for the current fiscal by 4 percentage points to 6.3% amid global economic weakness and policy uncertainty.

1 min

Govt May Ask PSBs To Clear 30-40% Unclaimed Deposits

The move will aid banks tackle compliance, operational challenge, and increase transparency

2 mins

Mid-tier GCCs Outrun Giants

India's mid-market GCCs benefit from quicker decision-making and focused roles, Nasscom report says

3 mins

Dailyhunt parent VerSe's group CFO Sandip Basu exits

In the past year, VerSe has taken a majority stake in digital marketer Valueleaf Group, shortly after it bought Magzter

1 min

IIMA Ventures to increase cheque sizes for pre-seed startups

The early-stage VC firm will use its own funds and also collaborate with other organizations, as it has in the past

2 mins

Apple, Meta fined by EU, told to comply with competition rules

The European Union fined Apple and Meta Platforms hundreds of millions of dollars and ordered the companies to comply with the bloc's tech rules, a move that risks ratcheting up tensions with the Trump administration as EU officials pursue trade talks.

2 mins

LG Delays India IPO on Market Jitters

LG Electronics' India unit filed for an IPO in December, and had targeted to launch the offering in May

1 min

Gaps in Sebi dispute resolution plan: Experts

The paper also attempts to draw a line between contractual and regulatory disputes

2 mins

M&M Fin's margin rebound must be with lower bad debts

Investors in Mahindra & Mahindra Financial Services Ltd (M&M Fin) can only hope that it can maximise the benefit of favourable macro tailwinds such as lower interest rates and improving liquidity in the system.

1 min

HCL Q4 good, yet downgraded

HCL Technologies Ltd's investors are upbeat, especially in a world where global macroeconomic gloom has lately kept IT stocks on tenterhooks.

2 mins

Tariff flip-flop hits deals; 25% margin guidance intact

The company's take on US tariff uncertainty is key, with 58% of its data revenue from global markets

1 min

IT stocks lift markets to 2025's best close

India's benchmark indexes ended Wednesday at their highest levels in 2025, led by a rally in information technology stocks after HCLTech's encouraging forecast and hopes of a de-escalation in the US-China trade war.

1 min

HUL's Poor Run of Quarterly Performances May Continue

Analysts expect HUL to post among the weakest volume growth in the FMCG sector again

2 mins

Are Swiggy and Zepto failing persons with disability?

The petition alleges that the companies' apps are unusable by people with blindness or impaired vision

1 min

Small businesses give the skip to govt fix for delayed dues

MSMEs fear long wait times, high costs at facilitation councils, turn to courts for relief

2 mins

Lodhas May Now Fight It Out in Mumbai's Hot Housing Market

HoABL Plans to Invest ₹2,500 Cr in Three Projects, Expecting to Generate a Revenue of About ₹3,500 Cr

2 mins

Musk to return to ailing Tesla with DOGE 'mostly done'

CEO will devote more of his time to Tesla starting next month, assuage investors concerns

2 mins

Credit-card companies brace for a downturn

The largest credit-card companies are preparing for the economy to get worse.

2 mins

Chinese Scientists in America Under New Wave of Suspicion

FBI scrutiny and visa revocations under President Trump are worrying STEM researchers

5 mins

Ukraine's Zelensky Pushes Back on US Peace Plan

Putin on Saturday announced a 30-hour cease-fire, but Zelensky said Russians never fully stopped their attacks

5 mins

Megha Engineering bags NPCIL order

Megha Engineering and Infrastructures Ltd (MEIL) has received the formal purchase order or the letter of approval for a ₹12,800 crore engineering, procurement and construction (EPC) contract from Nuclear Power Corporation of India Ltd (NPCIL) to construct two 700 megawatt electric nuclear reactors, Kaiga units 5 and 6, in Karnataka.

1 min

Tata Consumer Sees Tariff Advantage

Fast moving consumer goods company Tata Consumer Products that sells tea, coffee and salt on Wednesday said that any proposed tariffs imposed by the US will give the company competitive advantage given the Western nation primarily imports all coffee.

1 min

Intel to Cut More Than 20% of Staff

Intel Corp. is poised to announce plans this week to cut more than 20% of its staff, aiming to eliminate bureaucracy at the struggling chipmaker, according to a person with knowledge of the matter.

1 min

Ather Energy sets IPO price band

Ather Energy has priced its shares in the range of ₹304-321 per share for its initial public offering (IPO), a newspaper advertisement from the electric scooter-maker showed on Wednesday.

1 min

PURE to invest in energy storage biz

Energy storage and electric two-wheeler company PURE plans to spend around ₹400 crore over the next three years to expand its battery energy storage capacity to 2.5 gigawatt hours (GWh).

1 min

DS Group eyes 2x revenue by 2029

The DS Group (Dharampal Satyapal Group) aims to double its revenue by 2029 to ₹20,000 crore, from ₹10,000 crore reported in 2024-25, on the back of new product launches and distribution network expansion, Rajiv Kumar, the company's vice-chairman, told Mint on Wednesday.

1 min

Adani Airport Unit Seeks $750 Million Loan From Global Banks

Adani Group is in talks with a group of international lenders for an offshore loan for as much as $750 million for its airport unit, according to people with knowledge of the matter.

1 min

Tier-two markets turn into growth engines for live events

A young, emerging class of upwardly mobile Indians is driving this surge in cities like Surat, Jaipur, Mysuru, Guwahati

2 mins

WEF Confirms Investigation Into Claims Against Founder

No explanation was initially provided for Klaus Schwab's sudden resignation Monday

1 min

THEY OPEN ELITE VARSITY DOORS, FOR A FAT PRICE

A tiny group of boutique companies is helping rich Indian students get into top foreign institutions

8 mins

THEY OPEN ELITE VARSITY DOORS, FOR A FAT PRICE

A tiny group of boutique companies is helping rich Indian students get into top foreign institutions

8 mins

The home loan playbook: Tips to save time, money

With digital tools and a few smarter tricks, navigating today's home loan process is easier

4 mins

The One Number Every Investor Must Know—But Rarely Does

We invest, save, and take risks without knowing our required rate of return

3 mins

How do I ensure smooth asset transfer, avoid future disputes?

I am a 57-year-old man in India currently finalising my estate planning to ensure smooth transfer of assets to my children and to avoid future disputes.

1 min

IMF outlook: The good, the bad and the unsaid

The Fund's April 2025 World Economic Outlook' is both reassuring and disturbing. It reflects the uncertain times through which the world is passing-and calls for reflection

2 mins

An early Halloween? Trade scares seem set to intensify

The world faces trick-or-treat uncertainty as supply chains get warped by Trump's tariff aggression

4 mins

How risk-free is gold? Investors must learn to look past its glitter

It's in vogue as a 'safe haven' but an evaluation of its track record shows why it's overhyped as one

4 mins

Trump's Tariffs: Central Banks Cannot Wait and Watch Forever

While they'll soon need to act, Trump ought to watch a movie clip

3 mins

Indian Cities Are In Urgent Need Of A Complete Systems Overhaul

Our cities require a governance transformation that empowers local governments to lead the mission of urban development

4 mins

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