Mint Mumbai - May 02, 2025

In this issue

May 02, 2025

Street Crystal Ball Hints at Volatile Days Ahead

However, Indian markets may stand out in a bleak global landscape

4 mins

Law firms work to rein in wayward AI

Worried by instances of artificial intelligence (AI) tools such as ChatGPT throwing up fictitious cases and results, Indian law firms have started restricting AI usage internally.

2 mins

'No insider trade at IndusInd Bank'

The stock market regulator has closed its investigation into potential insider trading violations by top IndusInd Bank executives, a person aware of the matter said, as it found all disclosures in place and no evidence of wrongdoing.

2 mins

InMobi, Zetwerk founders eye debt

Founders of InMobi and Zetwerk are separately raising debt in their personal capacities to increase stakes in their respective companies, multiple people with knowledge of the development said.

2 mins

ED returns ₹15,261 cr to laundering victims, eyes forex frauds

Riding on its improved global ranking in combating money laundering, India's financial crime-fighting agency, the Enforcement Directorate (ED), will now prioritize probing violations related to foreign exchange (forex) and foreign direct investment (FDI), its chief Rahul Navin said on Thursday.

1 min

Niti Aayog to rank states on investment

The index will help states identify, address regulatory hurdles that deter private investment

2 mins

Centre, states net record GST in April on year-end sales

Central and state governments collected a record ₹2.36 trillion in goods and services tax (GST) revenue before refunds in April, reflecting financial year-end spike in sales in March, showed official data.

1 min

Centre orders safety review of painkiller Nimesulide for adults

Concerned over the rampant misuse of Nimesulide drug used to treat pain and fever, the government has asked the Indian Council of Medical Research (ICMR) to conduct an extensive review of the prescription medicine and its effects on adults.

1 min

Govt leans on PSUs to boost consumption of green steel

The Centre aims to provide an assured market for steel producers under the proposed plan

2 mins

Create in India, for the world: Modi at WAVES

PM urges creators to prioritize human compassion, not robotic precision

2 mins

Zomato opts out of quick food delivery, cites tepid demand

The company will now focus on reducing average delivery time to 20-25 minutes through logistics improvements

1 min

How VBL is fighting competition

Varun Beverages Ltd (VBL) has chosen to fight the war of reach instead of pricing in India's soft drinks market.

2 mins

Ceat set to regain margin muscle, but debt may slow its ride

A host of favourable factors is aligning to boost tyre maker Ceat Ltd's margins.

1 min

Rahul Bajaj group beats peers in Q4 marked by divergence

Shifting sands India's top business houses saw foreign and retail selloff, while domestic institutions doubled down on select bets.

2 mins

QIPs off to a slow beginning in 2025 as volatility hurts

In January-March, funds raised via QIPs fell by nearly three-fourths sequentially and by a fourth on-year to ₹14,048 cr

2 mins

Akshaya Tritiya gold buying subdued by high prices

Akshaya Tritiya, an auspicious day to buy gold, saw subdued response this time despite extended store hours. Consumers refrained from high-value gold purchases on Wednesday, deterred by steep prices of the precious metal. Most made small token purchases, denting volumes, according to retailers.

1 min

Weak April Sales Hit Most Top Carmakers

M&M Overtook Hyundai and Tata Motors to the No. 2 Spot in India's Car Market for the Second Time This Year

1 min

Corporates saw profit growth last fiscal year

Improvement was achieved through cost controls and better pricing

2 mins

Hudco Aims to Resolve NPAs in 18 Months

State-run Housing & Urban Development Corporation (Hudco) is looking at resolving its stressed assets in the next 18 months, chairman and managing director Sanjay Kulshrestha told Mint in an interview.

2 mins

Equity funds hoard cash as managers await right entry time

King cash Cash holding in actively managed equity funds hit their highest in over 6 years, last seen in 2018 and 2011.

2 mins

NCLT to Decide on RCom Plea in June

The Mumbai bench of the National Company Law Tribunal (NCLT) said on Thursday it will decide next month on bankrupt telco Reliance Communications Ltd's plea for a ₹550 crore refund from Swedish telecom equipment maker Ericsson.

1 min

Healthify bets on weight loss drugs amid rise of obesity

Nutrition-tracking platform Healthify is banking on weight loss drugs to boost growth, anticipating demand for these medicines to boom in India.

1 min

Ola Electric's April sales dip, rivals expand market share

Sales decline 40% in April as registration issues persist; TVS overtakes Ola in market share

3 mins

Choppy markets take a toll on pre-IPO share sale talks

Wealthy individuals often snap up shares in private deals, tempted by potentially high returns in IPOs

2 mins

Cognizant fared better than peers, but concerns linger

This is the Teaneck, New Jersey-based company's slowest sequential growth in four quarters

2 mins

Ukraine and U.S. Sign Economic Deal for Minerals

The Trump administration reached a deal Wednesday with Ukraine giving the U.S. access to its mineral wealth, overcoming last-minute haggling that had held up an agreement President Trump had sought to compensate the U.S. for helping Ukraine fight off Russia's invasion.

4 mins

Why more CEOs are heading for the exit

Chief executives make big bucks, but many would rather pass the buck than lead a company in the current business climate.

4 mins

The rush to beat tariffs is distorting the economy. It has barely started.

Surging imports, while likely temporary, are frustrating Trump's goal to cut trade imbalances

4 mins

Market's Crystal Ball Signals Volatile Days Ahead

67% of the experts feel that gold might outperform Indian equities and debt for the rest of 2025

3 mins

Eternal's profit falls on Blinkit scale-up

Online delivery player Eternal reported a nearly 78% drop in fourth-quarter profit on Thursday as it opened more stores to expand its fast-growing quick commerce arm Blinkit, which delivers items from milk to mobile phones within 15 minutes.

1 min

Adani Enterprises profit jumps 7.5x

Adani Enterprises Ltd., the flagship company of billionaire Gautam Adani's group, on Thursday, reported a 7.5 times jump in its fourth quarter net profit on the back of a one-time gain from a stake sale in Adani Wilmar Ltd. and strong growth in solar manufacturing and airports.

1 min

Sanjay Khanna is now BPCL's CMD

Bharat Petroleum Corp. Ltd (BPCL) on Thursday announced Sanjay Khanna has assumed additional charge as chairman and managing director (CMD) of the company.

1 min

Attari-Wagah border fully shut

The Attari-Wagah border crossing point between India and Pakistan was shut completely on Thursday following a week-long heavy rush of people from either side to cross over after the Union government ordered all Pakistani citizens with short-term visa to leave India in the wake of the Pahalgam terror attack, people aware of the matter said.

1 min

Pak airspace ban + costly for Air India

Air India expects around $600 million in costs if a Pakistan airspace ban lasts for a year, and has asked the government to compensate it, a company letter showed.

1 min

Airbus Won't Cover Tariffs for Airlines

Airbus SE said it won't cover the cost of tariffs on its planes imported by US airlines, setting up a clash with carriers unwilling to shoulder surcharges imposed by President Donald Trump.

1 min

Centre extends mandate for imported coal-based plants

Peak power demand this summer may hit 270GW against 250GW reached last year

1 min

Tesla Board Opened Search for a CEO

With profits and stock price sinking, board members told Musk he needed to spend more time at company

8 mins

Mutual Funds or Direct Stocks? Depends on Where You Are in Your Journey

Social media loves picking sides, but for smart investors, both stocks and MFs add value

3 mins

My health insurance premium is up 30%: what are my options?

I am a senior citizen. This year my health insurance premium increased by more than 30%, and I'm finding it difficult to pay. I have had this policy for the past 14 years, but now the cost has become too high. I am required to pay over Rs 50,000 for coverage of Rs 2 lakh. Can I port the product? What are my other options?

2 mins

RERA Was Built For Protection But Undone By Inaction

When a Supreme Court judge calls the Real Estate Regulatory Authority (RERA) a \"rehab centre for ex-bureaucrats,\" it's a wake-up call.

3 mins

India needs official poverty data for effective policy formulation

World Bank estimates are confusing and we must adopt our own measure of India's poverty ratio

3 mins

What India Could Learn From the Complaints of Its Trade Partners

There is vast scope for productivity enhancement in the economy if we pick up the right lessons from today's trade stand-off

3 mins

Non-executive directors needn't get entangled in fraud

The Gensol-BluSmart crisis has drawn corporate fraud in India's startup ecosystem into the spotlight. It has sparked a debate over a 'fake it till you make it' culture and whether it's driven by sheer greed, naive optimism, or intense pressure to keep the company's stock on an ever-rising curve.

3 mins

Economist-turned-politician: Mark Carney is Canada's hope

The Liberal leader could fix Canada's Achilles heel: productivity

3 mins

Marking a villain's failed love story in Cornwall

St Agnes, a village on Cornwall's rugged north coast, is a haven for those seeking slow soulful travel, history and a unique story

3 mins

Art, crafts and Mexican beats

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

1 min

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