Mint Mumbai - April 30, 2025

In this issue

April 30, 2025

RBI's liquidity surge in May to force down lending rates

The Reserve Bank of India's (RBI) latest bond binge is expected to flood the banking system with surplus liquidity, setting the stage for lower lending rates that banks couldn't afford so far.

2 mins

Centre may target 100 GW coal power as demand soars

The Centre plans to add 100 GW of coal-fuelled power in the next seven years, raising its previous target of 80 GW given India's soaring electricity demand and rising coal production, two people aware of the matter said.

2 mins

India Aims to Shut Its Trade Routes to Pak

Many Indian goods now take circuitous routes to Pakistan

3 mins

Forces free to choose target of attack: PM

Prime Minister Narendra Modi on Tuesday chaired a top security meeting in Delhi where he reaffirmed India's resolve to deal a crushing blow to terrorism and underlined that the armed forces have complete operational freedom to decide on the mode, targets, and timing of the response to the Pahalgam terror attack that killed 26 people, officials aware of the matter said.

1 min

Regulator starts rating pharmacy colleges to aid students

The pharmacy education regulator has started rating pharmacy colleges after some tried to game the system by putting up dummy principals and faculty during virtual inspections.

1 min

Government Clears ₹25,000 Crore Shipbuilding Fund

The government's expenditure finance committee (EFC) has cleared the ₹25,000 crore Maritime Development Fund (MDF) for FY26, two persons aware of the matter said, a project to lend long-term, low-cost financial support for indigenous ship-building and other blue water infrastructure projects.

1 min

State Borrowings Dip Sharply in Apr to Gauge Cash Flow, Timelines

State government borrowings through securities declined sharply to ₹53,870 crore in April from ₹2.25 trillion in March, according to the latest data from the Reserve Bank of India (RBI), likely deferring costlier loans to suit spending.

1 min

Indian Economy Resilient Amid Global Uncertainties

The March eco review stressed the need to prevent uncertainty from dampening momentum

2 mins

OnePlus to Invest Big in India to Boost R&D

₹2,000 cr a year till 2027 to also build manufacturing, service ecosystem

2 mins

UltraTech Firms Up 2-Point Plan

UltraTech Cement Ltd has two primary goals in FY26: to gain more market share and boost cost efficiencies. The firm, which has been on an acquisition spree, eyes double-digit like-to-like volume growth in FY26, ahead of the industry's estimated 7-8% growth.

2 mins

TVS Motor profit up 75%, but capital allocation still a worry

Good, but not enough

1 min

RBI's Twin-Barrel Liquidity Surge to Trigger Rate Cuts

According to the RBI data, liquidity in the domestic banking system touched a surplus of ₹2.36 trillion on 28 April

2 mins

Q4 earnings watch: Bright outpaces bleak for firms

As stock market volatility and geopolitical tensions keep investors on edge, India Inc.'s March-quarter (Q4FY25) earnings are emerging as a relative bright spot.

1 min

Q4 shareholding pie: Retail investors flee choppy waters

The March quarter was a rollercoaster for Indian equities: a historic February low gave way to a tentative March rebound. Against a backdrop of global uncertainty, however, investor actions showed a divided house.

1 min

Sebi Extends T+0 Settlement Deadline for QSBs to 1 Nov

The Securities and Exchange Board of India (Sebi) extended the implementation timeline for the optional T+0 or same-day settlement cycle for qualified stock brokers (QSBs) in equity cash markets to 1 November.

1 min

HC bars Gensol, Blusmart from selling 95 leased EVs

Restrains firms, promoters from transferring EVs amid lease default row with Clime Finance

2 mins

Puneet Jaggi shifts blame on brother

Ensol Engineering co-promoter Puneet Singh Jaggi told a Delhi court on Tuesday he was not involved in the day-to-day affairs of the company, which is being investigated by multiple agencies, and claimed his elder brother Anmol, currently in Dubai, made all the management decisions, officials familiar with the development said.

1 min

Coldplay rocks India's live gig economy

Coldplay's performance in Ahmedabad for two nights this January was more than a concert—it was a cultural moment, as 100,000-plus fans from across India poured in. As a result, hotels were sold out, local businesses boomed, and the economic impact touched ₹641 crore.

1 min

IndusInd CEO quits amid RBI scrutiny in accounting lapses

Sumant Kathpalia stepped down as the managing director and chief executive officer of IndusInd Bank with immediate effect amid ongoing investigations into discrepancies in the accounting of its derivatives portfolio.

3 mins

Edible oil prices to hold firm in FY26: AWL

Edible oils make up 64% of AWL's business; revenue rose 38% year-on-year to ₹18,230 cr in Q4; oil segment revenue up 45%

2 mins

Centre may target 100 GW more coal power capacity

person, the coal ministry would explore ways to raise production further, and provide the power ministry with an estimate of coal availability in the years ahead.

1 min

Alterra Invests $100 Million in Renewable Co Evren

Climate-focused investment fund Alterra on Tuesday said it has invested $100 million in Mumbai-based renewable energy platform Evren.

1 min

Streaming Takes to Short and Sweet Shows, Ditching Long, Dark Dramas

The model is different from the TV+ strategy, where OTT platforms create linear TV-like shows

2 mins

EMI schemes: SC asks CBI to probe banker-builder nexus

CBI's first preliminary enquiry will focus on projects of bankrupt builder Supertech

3 mins

Why buyers are lapping up lab-grown diamonds in India

Indian market for lab-grown diamonds is expected to more than triple to $8.31 billion by 2032

2 mins

Plan to add 1,300 beds by Dec: Max Healthcare

Max Healthcare is focusing on building capacity this year, with over 1,300 beds planned to be added across its hospitals by December.

1 min

TVS investments in Norton spark analyst concerns

At least two brokerage firms have said Norton investments are weighing on performance of TVS overall

1 min

Persistent gains, becomes ninth-largest IT firm in India

This is the fourth instance of a change in pecking order of the country's IT industry in a year

3 mins

Donald Trump to Soften Blow of Automotive Tariffs

President Trump is expected to soften the impact of his automotive tariffs, preventing duties on foreign-made cars from stacking on top of other tariffs he has imposed and easing some levies on foreign parts used to manufacture cars in the U.S., according to people familiar with the matter.

2 mins

Carney's Liberals Win Narrow Victory in Canada's Election

Carney's party had 43% of the votes, but may fall short of 172 seats for a House of Commons majority

2 mins

Altman and Nadella ignited the AI boom together, drift apart now

Microsoft and OpenAI still wield huge power over one another despite preparing for independent futures

4 mins

Wall Street Banks Sell Final Slug of Elon Musk's X Debt

The loans sat on the books for two years until Donald Trump's election rapidly changed the company's fortunes

4 mins

Bajaj Finance profit up on loan growth

Bajaj Finance, India's biggest non-banking financial company (NBFC) reported a higher fourth quarter profit on Tuesday, aided by healthy loan growth and a tax reversal.

1 min

EU bans sale of 'golden passports'

Malta's \"golden passports\" program for wealthy investors violates European Union rules on citizenship, the bloc's top court ruled in a case that could have transformed the EU into a haven for affluent foreigners at a time when President Donald Trump wants to entice them to the US.

1 min

Tata plant starts iPhone production

A new plant for iPhones in southern India has started production and another will begin shipments in May, as Apple looks to boost manufacturing beyond the tariff-hit main manufacturing hub, China, people aware of the matter said.

1 min

Karnataka Lets Bike Taxis Run Till 15 June

The Karnataka High Court on Tuesday allowed Ola, Uber, and Rapido to resume their bike taxi services until 15 June.

1 min

Justice Gavai Appointed Next CJI

Justice Bhushan Ramkrishna Gavai was on Tuesday appointed as the 52nd Chief Justice of India, effective from 14 May 2025.

1 min

Pegasus: SC asks what's wrong in using spyware on terrorists

The Supreme Court on Tuesday wondered what was wrong in using Israeli spyware Pegasus \"against terrorists\" after a probe panel report was filed on the issue and said any finding that touches upon the country's \"security and sovereignty\" won't be made public.

1 min

UPI Merchant Fees Push Underway

India's payments authority, the central bank, and industry are pushing the government to allow a fee on digital payments to large merchants made via its homegrown network to boost growth, people aware of the matter said.

1 min

Foxconn's India revenue hits $20 bn

Taiwanese electronics major Foxconn has more than doubled its revenue in India to over $20 billion (about ₹1.7 lakh crore) in the financial year 2024-25 due to a jump in iPhone production, sources aware of the development said.

1 min

Trent's Q4 profit rises on firm sales

Apparel retailer Trent on Tuesday reported that its fourth-quarter adjusted profit more than doubled, helped by strong sales and firmer operating margins.

1 min

China to cooperate after Boeing spat

China is willing to support normal cooperation with US companies, the country's Ministry of Commerce said, just days after Chinese airlines rejected taking delivery of jets from US planemaker Boeing Co.

1 min

Amazon Launches Kuiper Satellites, Taking on Starlink

These 27 satellites are the first of 3,236 that Amazon plans to send into low-earth orbit

1 min

The Flex Fuel Vehicle Era Is Here

Top carmakers have been working to run their vehicles on cleaner and greener fuels

7 mins

How Kumar's Focus on Value Investing Shapes His MF Bets

Inside FundsIndia research head's playbook for navigating market cycles with value funds

5 mins

TIME TO MOVE BEYOND TAX-SAVING LIMITS AND FOCUS ON SMARTER TAX PLANNING

A client once rushed to buy an insurance policy in March, only to realise later it didn't meet her needs or offer the best tax benefits.

2 mins

I'm planning my estate. How do I ensure a smooth asset transfer?

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

2 mins

Pakistan must wake up to geo-economic trends

Economic dynamism increasingly drives today's world. It dictates military heft and power equations. Any country that doesn't smell what's brewing on this front will be vulnerable

2 mins

Zero-day terror: Let's go for AI-aided national security

A full embrace of artificial intelligence will help India leap ahead in the prevention of terror attacks

3 mins

Advocates of free trade ought to articulate an alternative to tariffs

The flaws of US trade policy can easily be identified but the challenge lies in addressing its concerns

3 mins

Let's redefine our poverty line to reflect India's economic stature

We're on the cusp of becoming an upper middle-income country and our poverty measurement ought to reflect this progress

3 mins

Biases serve a human purpose: Grant AI some slack too

Heuristics help humans survive data overloads. Instead of AI free of all bias, let's aim for minimal harm

4 mins

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