Mint Mumbai - May 03, 2025

In this issue

May 03, 2025

Warburg's SBI Gen bet set to double

PE firm looks to exit investment with a $350 mn cheque

2 mins

Bhushan Power liquidation order rattles banks, lawyers

The Supreme Court on Friday ordered the surprise liquidation of Bhushan Power & Steel Ltd, nearly five years after India's largest steelmaker JSW Steel Ltd acquired the bankrupt company in an insolvency auction.

2 mins

Govt Ups Security for National Power Grid

India has stepped up the security of its national power grid as heightened tensions with Pakistan revive memories of cyberattacks in recent years, three people aware of the development said.

2 mins

Taxman charts route to target

After forgoing ₹1 trillion in revenue to provide relief to the middle class in this year's budget, the government has set tax collection targets for key regions to meet its ₹25.2 trillion direct tax goal for FY26, while urging its officers to follow a trust-based approach, said two persons informed about the development.

2 mins

Vaibhav bludgeons his way to brand field

Baby-faced batsman Vaibhav Suryavanshi of Rajasthan Royals, all of 14, launched a stunning assault on Indian Premier League title contenders Gujarat Titans' bowlers this week, marking the arrival of a new superstar in the country's most popular and commercially viable sport.

2 mins

Looking back at Tagore and Ray

This month marks the birth anniversaries of two of Bengal's greatest cultural icons with oddly intertwined legacies

4 mins

Ghosting your therapist

They've been witness to the messy bits of your life, making it awkward to explain why you want to see someone else

2 mins

Modern romance, doggy-style

There is a screenwriting technique referred to as \"Saving the Cat.\" This suggests that a hero, before plunging into the story, perform a small act of pure goodness that instantly makes the viewer root for them, no matter how flawed or foolish they later become.

4 mins

Ram Prasad Bismil's autobiography debunks some of the myths around the daredevil image of youthful freedom fighters

Ram Prasad Bismil's autobiography debunks some of the myths around the daredevil image of youthful freedom fighters

5 mins

When social media posts overshadow a tragedy

Many shared vacation photos from Pahalgam after the terror attack on 22 April—it wasn't just tone-deaf but also proved that social media separates us from reality

5 mins

A Reading List for Lovers of Spirits and Cocktails

Mixologists and experts list their favourite books, from travel tales to alcohol encyclopedias

2 mins

Add a flavour punch and probiotics with kimchi

During the start of the covid-19 pandemic, when the world outside felt uncertain and scary, I took comfort in a bunch of Korean home vloggers on YouTube.

4 mins

Travellers bring the global table home

Home chefs are setting their dining tables with pop-up menus inspired by their trips around the world

4 mins

Ritu Beri, the 'selfish' designer

Beri was among the first Indian designers to work in Paris yet doesn't have a string of stores in India. She tells Lounge why not

5 mins

Art in kids' books comes of age

Artwork in children's books brings layers to the story and does the work of capturing the big, small moments in kids' lives, while tackling complex topics such as disability, caste, gender and sexuality with fun and whimsy

10+ mins

Skip Touristy Galle and Bentota, Head to Kalutara

Kalutara, near Colombo, is a bustling city and home to one of the most sacred sites on Sri Lanka's Buddhist trail

4 mins

Walking like an Egyptian in Utah

Squeezing through the narrow Peek-a-boo and Spooky Gulch slot canyons is a nerve-wracking adventure

5 mins

Celebrating Jyoti Bhatt's visual lexicon

An ongoing retrospective offers a renewed appreciation of the artist's inclusive gaze

4 mins

Are microdramas the next big thing?

The next streaming wars could be vertical as microdramas with their melodramatic and snacky content are catching on

6 mins

Upamanyu Chatterjee, master of the absurd

A new collection brings together four sharp novellas by the writer, each crackling with his acerbic take on the human condition

4 mins

Life and death on the mean roads of Delhi

White Lilies: An Essay on Grief: By Vidya Krishnan, Westland, 98 pages, ₹499.

3 mins

Goldman Sachs removes mentions of 'Black' from flagship diversity pledge

The 'Black in Business' program says it's to help entrepreneurs 'stay in the black,' referring to profits—not race

3 mins

China Hints at Possible Thaw With US in Weighing Trade Talks

China said it is assessing the possibility of trade talks with the US, the first sign since Donald Trump hiked tariffs last month that negotiations could begin between the two sides.

1 min

Trump Says He Is Revoking Harvard's Tax-Exempt Status

President Trump ramped up his fight with Harvard University, threatening to revoke the Ivy League school's tax exemption after it filed a federal lawsuit against his administration.

3 mins

Musk's SpaceX prepares to launch Starbase, its own town in Texas

The Starbase site is home to Starship, SpaceX's still-experimental rocket designed for deep-space missions

4 mins

Economy to surpass IMF's FY26 projections

India's economy will potentially grow at between 6.3% and 6.8% in 2025-26, likely settling near the midpoint of that range and surpassing the International Monetary Fund's (IMF) forecast of 6.2%, finance secretary Ajay Seth said on Friday.

1 min

Quick Commerce Is Eating Into Food Delivery Market

Rapid delivery firms, services like Zepto Cafe and Swiggy Snacc have started capturing share

2 mins

SECI, Reliance NU Suntech signs PPA

The 25-year PPA is likely to be commissioned in 24 months, and be Asia's largest integrated solar and BESS facility

1 min

Nifty Waves Index set to tap creator economy

The National Stock Exchange (NSE) on Friday launched the Nifty Waves Index, which comprises 43 listed companies from sectors such as media, entertainment, gaming, film, television, digital platforms, and music.

1 min

Oyo Delays Third IPO as SoftBank Resists Move

Oyo is delaying its third IPO attempt amid opposition from its largest shareholder SoftBank and market volatility, now aiming to go public by March 2026 at a valuation of $7 billion, Bloomberg News reported on Friday.

1 min

Godrej tops realty sales in FY25, sets higher FY26 target

Godrej Properties targets ₹32,500 cr in FY26 bookings after posting record sales of ₹29,444 crore in 2024-25

1 min

Apple's US tariff-led $900 million pain is India's gain

Analysts warn of long-term volatility and uncertainty in Apple's business environment due to the trade war

2 mins

Sebi resets ESG rating guidelines to curb conflicts

Disclosure rules have been eased for subscriber-pays ERPs, and stock exchanges must display ESG ratings clearly

1 min

Cash surplus at Adani Ports to fund Vizhinjam's growth

Vizhinjam's proximity to other Indian ports and tech use will cut turnaround times, save cost.

2 mins

Services boost exports to all-time high

India's exports rose 6.01% year-on-year to an all-time high of $824.9 billion in 2024-25, propelled by a 13.6% on-year rise in services exports to a record $387.5 billion, showed the Reserve Bank of India's (RBI) final services trade data released on Friday.

1 min

Apr Manufacturing PMI at 10-Month High

Total sales were supported by the second fastest upturn in international orders since March 2011

1 min

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