Mint Mumbai - May 05, 2025

In this issue

May 05, 2025

Indian Ports Global Lines Up Buyout Targets Abroad

Consortium will look to acquire and operate 20 ports across Asia, Africa, India

3 mins

Non-prescription drugs may come to retail stores soon

Cough lozenges, pain relievers and anti-fungal creams may soon be available at a neighbourhood grocery store near you, in a move that promises easy access to common medicines but raises concerns of potential misuse.

3 mins

US tech giant's AI goals cast cloud over Indian IT

A global technology giant's ambitious drive to dominate as an artificial intelligence powerhouse has come to bite Indian information technology outsourcers that rank the company as a priority client.

1 min

E-bus demand surpasses target, states may have to settle for less

After a tepid year, the government's scheme for subsidized electric buses has generated such an overwhelming response that states may have to settle for fewer units than they sought, according to two people aware of the development.

3 mins

BluSmart faces a setback as Uber calls off fleet talks

Uber has called off discussions to transition about 5,000 electric cars of Gensol Engineering Ltd-owned BluSmart to its platform, according to two people aware of the development. The talks were called off due to concerns over the price being asked for the cars.

2 mins

Why there will never be another Warren Buffett

There's only one Warren Buffett, and there will never be another.

5 mins

India Can Hit 6.5% Growth If US Trade Deal Finalized By Oct: Virmani

India could grow at 6.5% in FY26—defying projections—if a trade deal with the US is wrapped up in the next six months, Niti Aayog member Arvind Virmani said.

2 mins

Xi Jinping to Visit Russia for Victory Day

Chinese President Xi Jinping will make an official visit to Russia from 7-10 May to participate in celebrations of the 80th anniversary of the defeat of Nazi Germany, the Kremlin said on Sunday.

1 min

Scientists Develop Gene-Edited Rice as Alternative to GM Crops

Government scientists appear to have found an alternative to contentious genetically modified (GM) crops with the launch of two genome-edited varieties of rice—a key staple and export.

1 min

Military Action Is To Be Taken With Greatest Caution

It's time to stand with the government and not indulge in unnecessary rants

3 mins

Pak Shuts Ports for Indian Ships, India Stops Water Flow

Pakistan banned Indian-flagged ships from entering its ports with immediate effect after New Delhi imposed fresh punitive measures against Islamabad, including a ban on the import of goods and entry of Pakistani vessels into its ports, amid heightened tensions following the 22 April Pahalgam terror attack.

1 min

India Weighs Tighter Visa Norms for Chinese Nationals

This comes against the backdrop of rising concerns over an influx of Chinese goods into India

2 mins

India Can Hit 6.5% Growth If US Trade Deal Finalized By Oct: Virmani

India could grow at 6.5% in FY26—defying projections—if a trade deal with the US is wrapped up in the next six months, Niti Aayog member Arvind Virmani said.

2 mins

Xi Jinping to Visit Russia for Victory Day

Chinese President Xi Jinping will make an official visit to Russia from 7-10 May to participate in celebrations of the 80th anniversary of the defeat of Nazi Germany, the Kremlin said on Sunday.

1 min

Scientists Develop Gene-Edited Rice as Alternative to GM Crops

Government scientists appear to have found an alternative to contentious genetically modified (GM) crops with the launch of two genome-edited varieties of rice—a key staple and export.

1 min

Military Action Is To Be Taken With Greatest Caution

It's time to stand with the government and not indulge in unnecessary rants

3 mins

Pak Shuts Ports for Indian Ships, India Stops Water Flow

Pakistan banned Indian-flagged ships from entering its ports with immediate effect after New Delhi imposed fresh punitive measures against Islamabad, including a ban on the import of goods and entry of Pakistani vessels into its ports, amid heightened tensions following the 22 April Pahalgam terror attack.

1 min

India Weighs Tighter Visa Norms for Chinese Nationals

This comes against the backdrop of rising concerns over an influx of Chinese goods into India

2 mins

Elon Musk Secures City Status for Starbase

Voters in South Texas delivered Elon Musk a decisive victory, overwhelmingly approving a ballot measure to establish Starbase, Texas, as its own city.

1 min

Firms Turn to AI-First Hiring for Scale, But Jury's Still Out

Experts and companies are divided over whether the technology will stand the test of time

2 mins

Elon Musk Secures City Status for Starbase

Voters in South Texas delivered Elon Musk a decisive victory, overwhelmingly approving a ballot measure to establish Starbase, Texas, as its own city.

1 min

Firms Turn to AI-First Hiring for Scale, But Jury's Still Out

Experts and companies are divided over whether the technology will stand the test of time

2 mins

FPIs cut down on blue chips in Q4, DIIs hold steady

FPIs cut holdings in 71% of large-caps in Q4, the most aggressive pullback among all investor categories

1 min

Global equity markets not pricing in a severe downturn just yet

The real question is whether we are looking at a covid-style shock... We don't think that's likely. Rig Karkhanis Head of global markets, Nomura

4 mins

Blinkit bets on inventory model

Attracting more shoppers

2 mins

State Control on Liquor Spoils Party for a Tourist Town

Or somebody who used to spend the entire month of May playing cricket, Bertie is sheepish to admit that the Mumbai heat now gets to him.

4 mins

FPIs cut down on blue chips in Q4, DIIs hold steady

FPIs cut holdings in 71% of large-caps in Q4, the most aggressive pullback among all investor categories

1 min

Global equity markets not pricing in a severe downturn just yet

The real question is whether we are looking at a covid-style shock... We don't think that's likely. Rig Karkhanis Head of global markets, Nomura

4 mins

Blinkit bets on inventory model

Attracting more shoppers

2 mins

State Control on Liquor Spoils Party for a Tourist Town

Or somebody who used to spend the entire month of May playing cricket, Bertie is sheepish to admit that the Mumbai heat now gets to him.

4 mins

Flexi setup for rollout of both ICE, EV cars: Maruti

Maruti Suzuki is making its production capabilities flexible so that more models, including electric vehicles, could roll out from the same manufacturing set-up, according to a senior company official.

1 min

Companies in the Grip of Rising Input Costs

Oil, gas, automobile and mining sectors experienced the severest impact

2 mins

Flexi setup for rollout of both ICE, EV cars: Maruti

Maruti Suzuki is making its production capabilities flexible so that more models, including electric vehicles, could roll out from the same manufacturing set-up, according to a senior company official.

1 min

Companies in the Grip of Rising Input Costs

Oil, gas, automobile and mining sectors experienced the severest impact

2 mins

Oil India in talks with global peers for joint exploration

State-run Maharatna company seeks partners for deep & ultra-deep sea acreages, future bids

2 mins

Oil India in talks with global peers for joint exploration

State-run Maharatna company seeks partners for deep & ultra-deep sea acreages, future bids

2 mins

Revolut eyes India's remittance market

Anshika Kayastha & Shayan Ghosh

1 min

Shell Is Studying Merits of BP Deal as Rival's Stock Slumps

Shell Plc is working with advisers to evaluate a potential acquisition of BP Plc, though it's waiting for further stock and oil price declines before deciding whether to pursue a bid, according to people familiar with the matter.

1 min

Good Glamm delays April salaries; ex-staff still owed

It needs about ₹250-500 crore to settle liabilities and pay vendors, employees and founders

2 mins

Revolut eyes India's remittance market

Anshika Kayastha & Shayan Ghosh

1 min

Shell Is Studying Merits of BP Deal as Rival's Stock Slumps

Shell Plc is working with advisers to evaluate a potential acquisition of BP Plc, though it's waiting for further stock and oil price declines before deciding whether to pursue a bid, according to people familiar with the matter.

1 min

Good Glamm delays April salaries; ex-staff still owed

It needs about ₹250-500 crore to settle liabilities and pay vendors, employees and founders

2 mins

Stocks roar ahead, brushing off recession warnings

Wall Street's best forecasters have been warning that tariffs could spark a recession. Goldman Sachs puts the chances at 45% in the next 12 months. Apollo Global Management's top economist recently pegged it at 90%.

3 mins

What a $15,000 electric SUV says about U.S.-China car rivalry

World's two biggest vehicle markets increasingly look like Mars and Venus

3 mins

Disney Wanted More From Marvel. Now It Wants Less.

The head of Marvel Studios told colleagues recently that watching all the comic-book giant's new TV shows and films had started to feel more like homework than entertainment.

7 mins

Stocks roar ahead, brushing off recession warnings

Wall Street's best forecasters have been warning that tariffs could spark a recession. Goldman Sachs puts the chances at 45% in the next 12 months. Apollo Global Management's top economist recently pegged it at 90%.

3 mins

What a $15,000 electric SUV says about U.S.-China car rivalry

World's two biggest vehicle markets increasingly look like Mars and Venus

3 mins

APSEZ scales up in marine, logistics

Adani Ports and Special Economic Zone (APSEZ) managing director Karan Adani has said India's biggest private port operator is focusing on scaling up its marine, logistics and agri-logistics businesses.

1 min

Air India's Delhi-Tel Aviv flight diverted

An Air India flight from New Delhi to Tel Aviv was diverted to Abu Dhabi on Sunday due to a missile attack near the Israeli airport, people aware of the matter said.

1 min

JLR Restarts Car Exports to the US

Jaguar Land Rover (JLR) has restarted shipments of vehicles to the United States after pausing them in the face of US President Donald Trump's tariffs, British newspaper, The Times, reported on Saturday.

1 min

Mahindra Holidays to add 850 rooms

Mahindra Holidays & Resorts India Ltd plans to add 850 rooms in the current fiscal as part of its plan to have 10,000 rooms by 2030, managing director and chief executive officer (CEO) Manoj Bhat said.

1 min

India-UK pact talks to take more time

The conclusion of negotiations for three pacts, including the proposed free trade agreement (FTA) between India and the UK may take some more time, as both sides are yet to resolve certain outstanding issues, people aware of the matter said.

1 min

Metro rail needs more green power: Urban affairs minister

Union housing and urban affairs minister Manohar Lal called for more renewable energy use in metro operations to achieve India's energy transition goals which include ramping up renewable energy capacity, promoting electric vehicles, and hitting net-zero emissions by 2070.

1 min

FM to lead Indian delegation at ADB

Finance minister Nirmala Sitharaman will lead the Indian delegation at the 58th annual meeting of the board of governors of the Asian Development Bank (ADB), being held in Milan, Italy, from 4 May to 7 May, the ministry said in a statement on Sunday.

1 min

Boost demand, cut inequality to develop by 2050: ADB chief

Nations must also safeguard stability and sustain investment flows, ADB's Kanda said

1 min

APSEZ scales up in marine, logistics

Adani Ports and Special Economic Zone (APSEZ) managing director Karan Adani has said India's biggest private port operator is focusing on scaling up its marine, logistics and agri-logistics businesses.

1 min

Air India's Delhi-Tel Aviv flight diverted

An Air India flight from New Delhi to Tel Aviv was diverted to Abu Dhabi on Sunday due to a missile attack near the Israeli airport, people aware of the matter said.

1 min

JLR Restarts Car Exports to the US

Jaguar Land Rover (JLR) has restarted shipments of vehicles to the United States after pausing them in the face of US President Donald Trump's tariffs, British newspaper, The Times, reported on Saturday.

1 min

Mahindra Holidays to add 850 rooms

Mahindra Holidays & Resorts India Ltd plans to add 850 rooms in the current fiscal as part of its plan to have 10,000 rooms by 2030, managing director and chief executive officer (CEO) Manoj Bhat said.

1 min

India-UK pact talks to take more time

The conclusion of negotiations for three pacts, including the proposed free trade agreement (FTA) between India and the UK may take some more time, as both sides are yet to resolve certain outstanding issues, people aware of the matter said.

1 min

Metro rail needs more green power: Urban affairs minister

Union housing and urban affairs minister Manohar Lal called for more renewable energy use in metro operations to achieve India's energy transition goals which include ramping up renewable energy capacity, promoting electric vehicles, and hitting net-zero emissions by 2070.

1 min

FM to lead Indian delegation at ADB

Finance minister Nirmala Sitharaman will lead the Indian delegation at the 58th annual meeting of the board of governors of the Asian Development Bank (ADB), being held in Milan, Italy, from 4 May to 7 May, the ministry said in a statement on Sunday.

1 min

Boost demand, cut inequality to develop by 2050: ADB chief

Nations must also safeguard stability and sustain investment flows, ADB's Kanda said

1 min

Is The Worst Over For HDFC Bank's Stock?

Brokerages have turned bullish on the bank's prospects. Something has changed

7 mins

Is The Worst Over For HDFC Bank's Stock?

Brokerages have turned bullish on the bank's prospects. Something has changed

7 mins

Why Do Gaps Still Persist in Mental Health Coverage?

Limited access, stigma, low sub-limits, lack of OPD coverage still remain key challenges

2 mins

Big Tech earnings defy fears of the worst-case scenario for stocks

Investors in the US technology behemoths that dominate the S&P 500 Index are breathing a sigh of relief as last week's earnings reports from the group show their outlooks are mostly strong in the face of President Donald Trump's shifting trade policies.

1 min

After large-cap switch, Quant MF's Sandeep Tandon adds small-caps

The veteran uses Quant's VLRT model, focusing on valuation, liquidity and risk appetite to drive investments

3 mins

How are unused 2023 capital gains taxed?

I sold unlisted shares on 1 December 2023 with long-term capital gains, deposited the amount in a CGAS account by 31 July 2024 to claim exemption (section 54F). I don't plan to use it to buy or construct a house by 1 December 2025.

2 mins

Why Do Gaps Still Persist in Mental Health Coverage?

Limited access, stigma, low sub-limits, lack of OPD coverage still remain key challenges

2 mins

Big Tech earnings defy fears of the worst-case scenario for stocks

Investors in the US technology behemoths that dominate the S&P 500 Index are breathing a sigh of relief as last week's earnings reports from the group show their outlooks are mostly strong in the face of President Donald Trump's shifting trade policies.

1 min

After large-cap switch, Quant MF's Sandeep Tandon adds small-caps

The veteran uses Quant's VLRT model, focusing on valuation, liquidity and risk appetite to drive investments

3 mins

How are unused 2023 capital gains taxed?

Do you have a personal finance query? Send in your queries at mintmoney@livemint.com and get them answered by industry experts.

2 mins

Why movies that win Oscars are no longer enjoyable

The Academy Awards used to honour entertainers but veered into dull cinema in the name of art

4 mins

Why India Must Stay the Course in the Old Contest With Pakistan

We're clearly winning the long battle as each terror strike pushes Pakistan further into a corner

3 mins

Why movies that win Oscars are no longer enjoyable

The Academy Awards used to honour entertainers but veered into dull cinema in the name of art

4 mins

Why India Must Stay the Course in the Old Contest With Pakistan

We're clearly winning the long battle as each terror strike pushes Pakistan further into a corner

3 mins

High-value, white-collar inflows now dominate our remittances

A greater share of transfers from abroad has been coming from the US and our better industrialized states are top recipients

3 mins

Maybe Zelensky Should Write a Book on the 'Art of the Deal'

Ukraine's leader held firm and kept the risk of US exploitation low

3 mins

Can AI truly transform businesses? If adopted well, yes

Amid signs of AI overhype, businesses do have a way to derive value from this technology

3 mins

High-value, white-collar inflows now dominate our remittances

A greater share of transfers from abroad has been coming from the US and our better industrialized states are top recipients

3 mins

Maybe Zelensky Should Write a Book on the 'Art of the Deal'

Ukraine's leader held firm and kept the risk of US exploitation low

3 mins

Can AI truly transform businesses? If adopted well, yes

Amid signs of AI overhype, businesses do have a way to derive value from this technology

3 mins

The real success lies in energy management

Every year, I pick up something new, whether it's a sport or a language

2 mins

Make a career pivot with help from AI

New AI tools at Salesforce, LinkedIn and others give users insight on how skills in one field can transfer to a different one

4 mins

Is early retirement a good idea? Not for your health

Instead of chasing elusive goals, make fundamental changes in your outlook and the way you lead daily life

3 mins

The real success lies in energy management

Every year, I pick up something new, whether it's a sport or a language

2 mins

Make a career pivot with help from AI

New AI tools at Salesforce, LinkedIn and others give users insight on how skills in one field can transfer to a different one

4 mins

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