Mint Mumbai - May 01, 2025

In this issue

May 01, 2025

Laptop buyers refuse to bite AI bait

Can AI eventually boost laptop sales?

3 mins

Top IndusInd exec knew of derivatives lapse, finds audit

Erstwhile deputy chief executive of IndusInd Bank Arun Khurana was well aware of the incorrect accounting of derivative trades that led to a ₹1,959 crore hole in its books, a forensic audit by accounting and consulting firm Grant Thornton found.

2 mins

Mensa to exit Renee, raise $100 million

Mensa Brands has sold its stake in wearables maker Pebble and is looking to exit Renee Cosmetics, as the brand aggregator looks to cash out of some of its recent investments.

2 mins

Toyota deal rides to Maruti's rescue

Maruti Suzuki India Ltd, the country's automotive market leader, has its six-year-old partnership with Toyota Kirloskar Motor Ltd to thank for beating domestic car market blues in FY25.

2 mins

Three firms eye Fortum EV charging biz in India

Adani TotalEnergies, Reliance BP and JBM Group among potential buyers

3 mins

India-NZ FTA talks kick off Monday

A high-level Kiwi delegation arrives in New Delhi on Monday as India and New Zealand start negotiating a free trade agreement (FTA), two people aware of the development said.

1 min

Courts Can Modify Arbitral Awards: SC

The apex court clarified that courts can do so in rare instances, such as correcting calculation errors, adjusting interest

2 mins

Surge in summer sowing offers more cushion against food inflation

Summer sowing has been on the rise, with acreage under crops increasing by 15% year-on-year as of 18 April 18, offering relief to policymakers concerned about food inflation.

2 mins

Indian Oil signs LNG deal with Trafigura

Trafigura will supply 2.5 million tonnes of liquefied natural gas, equivalent to about 27 cargoes, under the deal

1 min

Cabinet says yes to caste count in the next Census

Ashwini Vaishnaw says inclusion of caste enumeration prompted by need for transparency

2 mins

Google: US fix a de facto divestiture of Search

Alphabet Inc. chief executive Sundar Pichai told a judge who found that Google illegally monopolizes online search, that a Justice Department proposal to share search data with rivals would be a \"de facto\" divestiture of the company's search engine.

1 min

Centre to Revise EV Charging Costs in PM E-drive Scheme

Cost reset may reshape ₹2,000 crore subsidy for EV chargers, boost charging infra rollout

3 mins

HZL needs timely expansion to refuel volume growth

Hindustan Zinc Ltd's (HZL) muted FY26 guidance overshadowed its robust Q4FY25 result.

2 mins

Sebi's warning leaves opinion trading apps in limbo

The Securities and Exchange Board of India's (Sebi) clarification that opinion trading does not fall within its purview has left platforms allowing people to bet on real-world events in a regulatory grey zone.

1 min

Bajaj Fin faces valuation hurdle

Turning sour Bajaj Finance's credit cost has surged lately, weighing on profit growth

2 mins

Shareholding in Q4: Retail investors chased fallen stocks

Buying the dip

2 mins

Six years on, RCom vs Ericsson battle resurfaces

On Thursday, NCLT Mumbai will hear RCom's plea claiming paying Ericsson first will be preferential treatment

2 mins

Sebi defers rollout of common contract note for FPIs

The Securities and Exchange Board of India has deferred the rollout of the common contract note (CCN) for foreign portfolio investors to 1 July, two months after the earlier deadline of 30 April.

1 min

Costa stays on expansion path

Despite rising coffee prices and a general slowdown in urban consumption, Costa Coffee will maintain its growth rate in India, expecting the country to become one of its top five markets within the next five years, its top executive said.

1 min

Spencer Stuart to help pick new IndusInd CEO

Lender may also look at other search firms for other senior positions

2 mins

Data demand sparks clash between Trai and telcos

Trai argues that data such as details for subscribers using specific recharge packs is essential for transparency.

1 min

Ikea to roll out in small cities

Ikea plans to expand through small-format stores, tailored to specific locations and catchment areas

1 min

Souled Store aiming to raise ₹200 cr for offline expansion

Mumbai-based pop culture apparel brand The Souled Store, or TSS, plans to raise ₹150-200 crore by July to fund its offline expansion, enter Gulf markets and launch new categories following its acquisition of rival Redwolf.

1 min

Vedanta FY25 Shine May Fade on Weak Commodity Price

Analysts at JP Morgan cut Vedanta's FY26-27 Ebitda guidance by 7-8% earlier this month

2 mins

Ather's $352 mn IPO crosses finish line on final day

Electric scooter maker Ather Energy's $352 million IPO reached full subscription on the final day of bidding on Wednesday after a slow start in a week where market volatility capped investor interest.

1 min

Profit squeeze drives India's restaurants to seek new delivery paths

Restaurants are paying the same commissions regardless of the distance they're sending their deliveries

2 mins

Trump tariffs could cost 3% of annual revenue: Sona Comstar

Auto components maker Sona Comstar said on Wednesday that it can lose about 3% of its annual revenue due to business loss from the impact of Trump tariffs, becoming perhaps the first Indian company to quantify the loss from the sweeping import taxes levied by the US president.

1 min

Q4 earnings: Profit-hungry cos go lean on employee costs

Staying afloat

2 mins

We love big challenges: Nvidia's Kerris

Kerris sees creativity as core to how the American firm engages with its partners, users and developers

2 mins

IT cos offer compliance as a service to meet data rules

DPDP Act is set to influence data storage practices as firms grapple with compliance costs

2 mins

Buffett's 'Woodstock for Capitalists' draws admirers from around the globe

Once a year, fans of Warren Buffett and his style of value investing flock to Omaha, Neb., from near and far. Some from really, really far.

4 mins

Novartis to buy Regulus for $1.7 bn

Novartis AG agreed to buy US biotech Regulus Therapeutics Inc. in a deal that could be valued at up to $1.7 billion.

1 min

China's export orders fall due to Trump's trade war

Steep U.S. tariffs are starting to squeeze the Chinese economy.

3 mins

Spain Blackout Is The First Of The Clean-Energy Era

Solar energy was powering the grid in Spain and Portugal on Monday—until it wasn't, leaving tens of millions without electricity.

3 mins

Trade War Uncertainty Makes Companies Yank Forecasts

New poll shows more than 80% of senior executives worry about tariffs and other policy shifts

4 mins

Samsung Says Tariffs Hurt Chip Sales

Samsung Electronics warned on Wednesday that US tariffs could cut demand for products such as smartphones, making it difficult to predict future performance.

1 min

Adani Power profit falls on cost uptick

Adani Power showed a 5% fourth-quarter profit fall on Wednesday, over low tariff realisations and higher operating costs.

1 min

Adani halts $10 bn chip project talks

The Adani group paused talks with Israel's Tower Semiconductor for a $10 billion chip project as it didn't make strategic and commercial sense, people aware of the matter said.

1 min

Bajaj seeks CCI nod to buy Allianz stake

Bajaj Group has sought the Competition Commission of India's (CCI) approval to buy a 26% stake each in insurance joint ventures Bajaj Allianz General Insurance, Bajaj Allianz Life Insurance from partner Allianz SE.

1 min

NSE IPO: Talks to fix issues underway

(IPO) of the National Stock Exchange (NSE) is under regulatory review, with discussions ongoing between the bourse and Sebi to resolve certain issues, markets regulator chief Tuhin Kanta Pandey said.

1 min

US economy contracts for first time since 2022 on import rise

The US economy contracted at the start of the year for the first time since 2022 on a monumental pre-tariffs import surge and more moderate consumer spending, a first snapshot of the ripple effects from President Donald Trump's trade policy.

1 min

Varun Beverages beats Q4 estimates

Varun Beverages reported first-quarter profit above analysts' estimates on Wednesday, as the company benefitted from strong demand for beverages in India.

1 min

Rupee braves turbulent month

The Indian rupee braved multiple headwinds in April, including US trade policy flip-flops and India-Pakistan tensions, to come out stronger on the back of inflows into equities and as exporters ramped up dollar sales.

1 min

PFC Shelves Deep-Discount Bond Plan

Power Finance Corp. (PFC) was forced to shelve its plan to raise ₹3,500 crore through zero-coupon, deep-discount bonds after weak investor appetite led to unattractive pricing, merchant bankers said.

1 min

Above-normal temperatures forecast for most of India in May

Experts said this augurs well for consumption growth in the economy

1 min

JSW Infra profit up on coal volume rise

SW Infrastructure reported a 54% rise in fourth-quarter profit on Wednesday, due to volume growth in coal - one of its key cargo.

1 min

Boutique Studios: Bollywood's Salvation?

More than a dozen production houses have mushroomed across Mumbai since 2022

8 mins

SEBI'S BIG BET ON REITS, INVITS—ARE WE UNNECESSARILY FIXING WHAT ISN'T BROKEN?

Focus should shift to market depth, liquidity & transparency, not higher investment caps

3 mins

This Fintech Turns MFs Into Wallets. But Are You Ready?

Curie Money links mutual funds to UPI for instant payments, nudging users beyond banks

4 mins

Targeting ₹6 crore by 60? But inflation could drag you down

I'm 38, earn ₹1.8 lakh per month, and spend ₹1 lakh.

2 mins

We have a hazy forecast of a private capex slump

India's new survey on private investment intentions can track the broad ups and downs of a key deficiency in the economy. But its lens is unclear and findings are indicative at best

2 mins

Carney's victory in Canada can actually be considered historic

An election held amid unprecedented turmoil caused by Trump has resulted in a truly dramatic win

3 mins

The great Indian GDP controversy needn't have arisen

Action is finally being taken by our statistics ministry that could've been initiated a decade ago

3 mins

The Certainty of Uncertainty Calls for Increased Economic Vigilance

This new era's winners are likely to be players that build systems flexible enough to thrive regardless of what the future holds

3 mins

Uncle Sam scaring off visitors could boomerang on America

A country that few want to visit cannot be the centre of the world

3 mins

Green ventures should not be governance greenhorns

The Gensol and BluSmart fiasco illustrates why good corporate governance is crucial for climate action

3 mins

Sachin Tendulkar's Test career is the stuff of legend—but it came after years of hard work. An excerpt from a new book on Test cricket

Late in his life, Sir Donald Bradman identified the batter who played most like him. 'I was very, very struck by his technique,' Bradman said in 1996. 'I asked my wife to come and have a look at him. Because, I said, \"I never saw myself play. But I feel this fellow is playing much the same as I used to.\"'

4 mins

Thunderbolts* is Marvel in rebuild mode

MCU film turns second-string characters into flawed, fun heroes

2 mins

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