Mint Mumbai - April 25, 2025

In this issue

April 25, 2025

Fearing Trump's visa crackdown, college students race to scrub op-eds

The Harvard Crimson, the student newspaper at one of America's most prominent universities, is facing a challenge unlike any in its 152-year history.

4 mins

PE firms search for regional taste in snacks, spices

Top private equity firms are scouring the country to unearth cash-rich regional food brands with healthy balance sheets that offer good growth potential, industry experts told Mint.

2 mins

Foreign ETF Lovers Catch New Fancy in China, Brazil Mkts

Retail investors romancing the US through exchange-traded funds are discovering new vistas in emerging markets this year.

3 mins

PM says India will pursue terrorists amid tit-for-tat

India will pursue terrorists to the ends of the earth, and the nation's spirit will never be broken by terrorism, Prime Minister Narendra Modi said on Thursday, pledging to punish those responsible for the deadly terror strike in Kashmir that killed 26 people two days earlier.

2 mins

Electric vehicles hit by falling resale value as demand cools

Electric cars are losing the battle to their conventional fuel counterparts in India's used-car market, as their resale value is simply not matching up to expectations despite having fewer moving parts, with battery concerns and influx of newer electric models playing their part.

2 mins

HUL signals cruise control on consumption journey

Lower food inflation, falling interest rates, rain cues promise greater demand ahead

3 mins

Onion depots in 90 places to fight prices

The consumer affairs ministry has firmed up a plan to store onions at 90 locations across the country, so the produce can be quickly offloaded in markets when prices are high.

1 min

India to fast-track Chabahar port expansion work and rail connectivity

India plans to fast-track work on expanding the Chabahar port and providing rail links from the strategic port to Iran's border with Central Asia, a senior official said, a move aimed at countering Pakistan's China-backed Gwadar port.

2 mins

Airfares to Srinagar from Delhi, Mumbai drop 20-30%

The average airfare in the upcoming peak summer travel season from Delhi and Mumbai to Srinagar has dropped 20-30%, Google Flights data shows.

1 min

Policy change for foreign EV cos hinges on US trade deal

This comes at a time when negotiations on a bilateral trade agreement are in full swing

2 mins

India Weighs Trade Halt With Pakistan As Tensions Escalate

India's Exports to Pakistan Surged by 127% to $1.21 Billion in 2024 From $530.91 Million in 2023

1 min

Onion depots in 90 places to fight prices

The consumer affairs ministry has firmed up a plan to store onions at 90 locations across the country, so the produce can be quickly offloaded in markets when prices are high.

1 min

India to fast-track Chabahar port expansion work and rail connectivity

India plans to fast-track work on expanding the Chabahar port and providing rail links from the strategic port to Iran's border with Central Asia, a senior official said, a move aimed at countering Pakistan's China-backed Gwadar port.

2 mins

Airfares to Srinagar from Delhi, Mumbai drop 20-30%

The average airfare in the upcoming peak summer travel season from Delhi and Mumbai to Srinagar has dropped 20-30%, Google Flights data shows.

1 min

Policy change for foreign EV cos hinges on US trade deal

This comes at a time when negotiations on a bilateral trade agreement are in full swing

2 mins

India Weighs Trade Halt With Pakistan As Tensions Escalate

India's Exports to Pakistan Surged by 127% to $1.21 Billion in 2024 From $530.91 Million in 2023

1 min

Stellantis gears up for Leapmotor EVs in India

Stellantis plans to sell Chinese-branded electric vehicles developed by its partner Leapmotor in India as soon as the end of this year, the executive leading the joint venture said.

1 min

TCS bets on sovereign cloud to augment India revenue

The company announced partnerships with government entities RailTel and C-DAC

2 mins

Stellantis gears up for Leapmotor EVs in India

Stellantis plans to sell Chinese-branded electric vehicles developed by its partner Leapmotor in India as soon as the end of this year, the executive leading the joint venture said.

1 min

TCS bets on sovereign cloud to augment India revenue

The company announced partnerships with government entities RailTel and C-DAC

2 mins

LTIMindtree: New year, new plan—but will it work?

Sluggish mode

1 min

Tech Mahindra misses revenue estimates

Tech Mahindra missed analyst estimates for fourth-quarter revenue on Thursday, as economic uncertainty weighed on spends by the software services exporter's clients, especially in its telecom vertical.

1 min

Bajaj Housing ends FY25 on high

Squeezed out Bajaj Housing Finance's loan book growth has been strong, but gross spread is narrowing.

2 mins

How Sebi Exposed MSVPL Front-Running

The case hinges on a key detail: four brokerages tied to the Big Client operated from the same Malad complex

2 mins

LTIMindtree: New year, new plan—but will it work?

For LTIMindtree Ltd, FY25 was a challenging year. Delayed deal execution and client-specific challenges were a drag on revenues in the second half of the year.

1 min

Tech Mahindra misses revenue estimates

Tech Mahindra missed analyst estimates for fourth-quarter revenue on Thursday, as economic uncertainty weighed on spends by the software services exporter's clients, especially in its telecom vertical.

1 min

Bajaj Housing ends FY25 on high

Bajaj Housing Finance Ltd's performance in the March quarter (Q4FY25) was strong except for the pressure on gross spread.

2 mins

How Sebi Exposed MSVPL Front-Running

The case hinges on a key detail: four brokerages tied to the Big Client operated from the same Malad complex

2 mins

OTT platforms gain ground in India, but YouTube's reign endures

YouTube continues to dominate India's online video market.

2 mins

Country Delight in early talks to raise $100 mn

Temasek-backed Country Delight is in early discussions to raise up to $100 million in a mix of primary and secondary transactions, three people familiar with the matter told Mint.

1 min

Airtel seeks equity conversion for ₹40,000 crore govt dues

Telecom minister Jyotiraditya Scindia recently said the Centre is not considering any fresh relief for the sector

2 mins

GIC to invest ₹752 crore for 35% stake in five Samhi hotels

Singapore's sovereign wealth fund GIC is investing ₹752 crore in three hotel-owning subsidiaries of Samhi Hotels, which together house Courtyard by Marriott and Fairfield Inn by Marriott at Bengaluru's Outer Ring Road, Hyatt Regency in Pune, and its recently acquired Trinity hotel portfolio in Whitefield, Bengaluru.

1 min

Higher input costs dent Nestle India's Q4 profit

Decline comes despite double-digit growth in beverages, confectionery during the quarter

2 mins

Jio Likely to See Steady Growth in Q4

Reliance Jio Infocomm Ltd, India's largest telecom operator by market share, is expected to report a steady performance in the March quarter, driven by subscriber additions and the lingering impact of the July 2024 tariff hike, according to analysts.

2 mins

Country Delight in early talks to raise $100 mn

Temasek-backed Country Delight is in early discussions to raise up to $100 million in a mix of primary and secondary transactions, three people familiar with the matter told Mint.

1 min

Airtel seeks equity conversion for ₹40,000 crore govt dues

Telecom minister Jyotiraditya Scindia recently said the Centre is not considering any fresh relief for the sector

2 mins

GIC to invest ₹752 crore for 35% stake in five Samhi hotels

Singapore's sovereign wealth fund GIC is investing ₹752 crore in three hotel-owning subsidiaries of Samhi Hotels, which together house Courtyard by Marriott and Fairfield Inn by Marriott at Bengaluru's Outer Ring Road, Hyatt Regency in Pune, and its recently acquired Trinity hotel portfolio in Whitefield, Bengaluru.

1 min

Higher input costs dent Nestle India's Q4 profit

Decline comes despite double-digit growth in beverages, confectionery during the quarter

2 mins

Jio Likely to See Steady Growth in Q4

Reliance Jio Infocomm Ltd, India's largest telecom operator by market share, is expected to report a steady performance in the March quarter, driven by subscriber additions and the lingering impact of the July 2024 tariff hike, according to analysts.

2 mins

Boeing Set to Resell Jets as Tariffs Hit China Trade

Boeing is looking to resell potentially dozens of planes locked out of China by tariffs after repatriating a third jet to the United States rather than store it without willing buyers.

1 min

Axis Bank Q4 profit flat as business growth stays muted

Trading income for the bank in Q4 was 83% lower on year at ₹173 crore

3 mins

Boeing Set to Resell Jets as Tariffs Hit China Trade

Boeing is looking to resell potentially dozens of planes locked out of China by tariffs after repatriating a third jet to the United States rather than store it without willing buyers.

1 min

Axis Bank Q4 profit flat as business growth stays muted

Trading income for the bank in Q4 was 83% lower on year at ₹173 crore

3 mins

Terai Gin maker targets new craft spirits categories

Globus Spirits is diversifying into beer and new premium single malt variants to further expand its portfolio

1 min

Maruti Set for Soft FY25 Close

A strong start to the fiscal year may give way to a slower Q4 as discounts and margin pressure weigh on earnings

2 mins

Developers sign up top Bollywood stars to push luxury projects

Celebrities with wide appeal and strong social media presence are being chosen for endorsing housing projects

2 mins

Developers sign up top Bollywood stars to push luxury projects

Celebrities with wide appeal and strong social media presence are being chosen for endorsing housing projects

2 mins

In a first, scientists sent quantum messages a record distance over a traditional network

Scientists have sent quantum information across a record-breaking 158 miles using ordinary computers and fiber-optic cables.

3 mins

Trump sued by multiple states over tariffs, trade policy

A dozen US states are challenging President Donald Trump's \"immense and ever-changing\" global tariffs in court, alleging he illegally bypassed Congress by issuing duties under an emergency economic law.

1 min

US President Trump rejects tax hike for millionaires

While the wealthy sometimes move between states to lower their tax burdens, it is much harder to move abroad

3 mins

Donald Trump meets his match: The markets

President softens his economic and trade stances in the midst of market turmoil

4 mins

Trump sued by multiple states over tariffs, trade policy

A dozen US states are challenging President Donald Trump's \"immense and ever-changing\" global tariffs in court, alleging he illegally bypassed Congress by issuing duties under an emergency economic law.

1 min

US President Trump rejects tax hike for millionaires

While the wealthy sometimes move between states to lower their tax burdens, it is much harder to move abroad

3 mins

Donald Trump meets his match: The markets

President softens his economic and trade stances in the midst of market turmoil

4 mins

Persistent Systems Q4 profit rises 25%

Mid-tier information technology (IT) company Persistent Systems on Thursday posted a 25% jump in March quarter profit to ₹395.76 crore.

1 min

Sebi Simplifies Norms for SM REITs

To facilitate ease of doing business for small and medium real estate investment trust (SM REITs), markets regulator Securities and Exchange Board of India (Sebi) has standardized disclosures in draft scheme offer document and simplified public issue processes for such schemes.

1 min

Infra lender NaBFID plans $2 billion foray into offshore debt

India's National Bank for Financing Infrastructure & Development, or NaBFID, is planning to enter the overseas credit market for the first time, and aims to raise as much as $2 billion through loans and bonds this financial year, according to people familiar with the matter.

1 min

Microsoft Rejigs India Leadership

Microsoft on Thursday announced key leadership appointments for its India and South Asia operations, with immediate effect.

1 min

IMF chief calls for economic reforms

International Monetary Fund (IMF) chief Kristalina Georgieva on Thursday called on countries to urgently resolve trade tensions, safeguard economic stability and address domestic imbalances, warning that continued uncertainty and policy inaction risked worsening the global growth slowdown.

1 min

Devyani to buy Sky Gate's 80.72% stake

Quick service restaurant chain operator Devyani International Ltd (DIL) on Thursday said it will acquire up to 80.72% stake in Sky Gate Hospitality, which operates brands including 'Biryani By Kilo', for ₹419.6 crore.

1 min

Strong India growth for Kaspersky in '24

Global cybersecurity firm Kaspersky has recorded a very strong double-digit growth in India in 2024, according to Kaspersky APAC managing director Adrian Hia.

1 min

Minda Lowers Stake in JV with Furukawa

Minda Corp. Ltd on Thursday said its stake in Furukawa Minda Electric Pvt. Ltd, a joint venture (JV) with Japan's Furukawa Electric group, will be reduced to 17.54% following a share subscription agreement with its partner.

1 min

China Says US Should Revoke Unilateral Tariffs, Denies Talks

China wants to see a number of steps from US before it agrees to trade talks

1 min

ED Detains Gensol's Puneet Jaggi

The Enforcement Directorate (ED) on Thursday conducted searches against beleaguered Gensol Engineering Ltd and detained its co-promoter Puneet Singh Jaggi from a Delhi hotel, officials in the know said.

1 min

Persistent Systems Q4 profit rises 25%

Mid-tier information technology (IT) company Persistent Systems on Thursday posted a 25% jump in March quarter profit to ₹395.76 crore.

1 min

Sebi Simplifies Norms for SM REITs

To facilitate ease of doing business for small and medium real estate investment trust (SM REITs), markets regulator Securities and Exchange Board of India (Sebi) has standardized disclosures in draft scheme offer document and simplified public issue processes for such schemes.

1 min

Michael Whitaker joins IndiGo's board

InterGlobe Aviation, the parent of IndiGo, on Thursday announced the appointment of former administrator US Federal Aviation Administration (FAA) and pilot Michael Whitaker as an independent director.

1 min

Infra lender NaBFID plans $2 billion foray into offshore debt

India's National Bank for Financing Infrastructure & Development, or NaBFID, is planning to enter the overseas credit market for the first time, and aims to raise as much as $2 billion through loans and bonds this financial year, according to people familiar with the matter.

1 min

Microsoft Rejigs India Leadership

Microsoft on Thursday announced key leadership appointments for its India and South Asia operations, with immediate effect.

1 min

IMF chief calls for economic reforms

International Monetary Fund (IMF) chief Kristalina Georgieva on Thursday called on countries to urgently resolve trade tensions, safeguard economic stability and address domestic imbalances, warning that continued uncertainty and policy inaction risked worsening the global growth slowdown.

1 min

Devyani to buy Sky Gate's 80.72% stake

Quick service restaurant chain operator Devyani International Ltd (DIL) on Thursday said it will acquire up to 80.72% stake in Sky Gate Hospitality, which operates brands including 'Biryani By Kilo', for ₹419.6 crore.

1 min

Strong India growth for Kaspersky in '24

Global cybersecurity firm Kaspersky has recorded a very strong double-digit growth in India in 2024, according to Kaspersky APAC managing director Adrian Hia.

1 min

Minda Lowers Stake in JV with Furukawa

Minda Corp. Ltd on Thursday said its stake in Furukawa Minda Electric Pvt. Ltd, a joint venture (JV) with Japan's Furukawa Electric group, will be reduced to 17.54% following a share subscription agreement with its partner.

1 min

China Says US Should Revoke Unilateral Tariffs, Denies Talks

China Wants to See a Number of Steps From US Before It Agrees to Trade Talks

1 min

HOW WIPRO IS REWRITING THE FUTURE OF WORK

Wipro's oldest business—manufacturing hydraulic cylinders—is at the forefront of an ambitious experiment

10 mins

How to unlock 15% returns from old life insurance plans

From assignment to loan against policy, insuretechs offer better options for policyholders

3 mins

BLOCK OUT THE MARKET CLAMOUR AND STAY WITH EQUITIES FOR LASTING WEALTH

Short-term market events often don't require action—most dips are temporary

3 mins

Democracy could be the great casualty of Trump's war

For all his grandstanding, barely three months since taking office, US President Donald Trump has virtually reversed his headline-grabbing tariffs, barring the de minimis 10% on all countries and 20-25% on steel, aluminum and automobiles.

3 mins

The agentic revolution of AI has already sneaked into human life

OpenAI's 03 and 04 agents mark an inflection point in the journey of AI taking over human tasks

3 mins

Nicobar's development signals a loss of balance

Tribal ways of life and a treasure trove of biodiversity are too high a price to pay for Great Nicobar Island's transformation. Mega projects must never escape the scrutiny of reason

2 mins

The agentic revolution of AI has already sneaked into human life

OpenAI's 03 and 04 agents mark an inflection point in the journey of AI taking over human tasks

3 mins

Why marketers and brand builders should read Llosa

Mario Vargas Llosa, an aristocrat of Spanish ancestry, was sent to Lima's military academy to sweat the love of literature out of him.

3 mins

The Policy Response We Require to Address Trump's Disruptions

Fiscal and monetary policy can both work in the same direction to spur economic growth while we wait for the dust to settle

3 mins

Check the risks before trying to give the planet a sunscreen

Geo-engineering must be regulated and studied to avert accidents

3 mins

Check the risks before trying to give the planet a sunscreen

Geo-engineering must be regulated and studied to avert accidents

3 mins

Don't relax with your coffee, dance with it

The idea of mixing music and coffee has gone mainstream as cafes host dance parties where the only high served is caffeine

4 mins

The Hottest Amenity Coming to an Airport Is a Chill Zone

US terminals are adding outdoor spaces to give travelers a place to catch the breeze or enjoy views of farms on-site

3 mins

Dance, art and Shakespeare

A Mint guide to what's happening in and around your city

1 min

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