Mint Mumbai - May 07, 2025

In this issue

May 07, 2025

India, UK turbocharge trade

Landmark trade deal slashes import tariffs on a wide range of goods, covers carbon tax, skilled professional movement

4 mins

Apple won't be able to avoid price hikes for long

That new iPhone will likely cost more soon. How much more, and how obvious Apple makes the price hike, are the real questions.

2 mins

Tequila enjoys a sunrise as India's love for gin cools

Gin may have lit up cocktail menus over the past few years, but drinkers may be moving on.

3 mins

Pay hikes may slip again as firms stare at cloudy days

Consultants who advise companies on pay structures expect this year's salary hikes to be less than what they estimated as recently as March, multiple people aware of the matter said.

2 mins

Tech's middle order promises to give tough chase to mkt leaders

Smaller information technology (IT) services companies earning $1-5 billion in revenue outgrew the Big Four by more than three times in FY25, a performance they may repeat in the year ahead, multiple analysts tracking the sector said.

2 mins

Moody's Cuts India's GDP Growth Forecast

Moody's Ratings on Tuesday cut India's GDP growth projections for 2025 to 6.3%, from 6.5%, saying economies globally will see a slowdown on account of heightened US policy uncertainty and trade restrictions.

1 min

Women, SCs, STs, OBCs a fraction of apex court nominees for HC judges

Only 3.6% of Supreme Court nominees for the position of judges of various high courts since November 2022 were from scheduled castes and even fewer from scheduled tribes, according to disclosures made by the apex court.

2 mins

Services sector rebounds in Apr

Tepid expansion India's services sector activity rose in April compared to the previous month.

1 min

India Up Three Spots to 130 in Human Development Index

India has climbed three spots in the Human Development Index (HDI), ranking 130 in 2023, up from 133 in 2022, according to a UN Development Programme (UNDP) report released on Tuesday.

1 min

E-pharmacies, chemists at odds on home delivery halt

The govt's move can disrupt the business of e-pharmacies such as Tata Img, Amazon, Flipkart

2 mins

Gaganyaan trials to begin by end-2025

The Indian Space Research Organisation (Isro) is set to launch the first trial mission of Gaganyaan—India's effort to put a human in space and on the moon—by the end of 2025, government officials said at a press briefing on Tuesday.

1 min

Vacuum in Law Keeps Private Sector From Exploring Space

Lack of urgent notification of space law and FDI rules is stagnating business potential

3 mins

Radico eyes 30% growth for luxury spirits

Radico Khaitan Ltd, the maker of Rampur single malt, will focus on luxury brands this fiscal even as both premium and mass-market brands drove its volumes in the year ended March.

1 min

JSW Steel faces prolonged uncertainty after BPSL setback

Uncharted terrain

1 min

Consumption cos bare revenue-profit gap

Mixed bag Rising input costs and tepid urban demand are squeezing margins, even as pricing actions help protect revenue.

1 min

Can M&M Keep Its Pace in FY26?

Harvesting gains M&M's Q4FY25 farm equipment segment Ebit margin rose sharply year-on-year without any significant price hike.

2 mins

Retail investors' small-cap love fizzles out during crash

When the tide turned

1 min

Sharma Sees Paytm Turning Profitable From This Quarter

Paytm Is Bullish On Incremental Revenue, Citing The Expectation That The Govt Will Allow MDR 'Soon' On UPI Payments

2 mins

Games24x7 lays off staff as SC hears GST case

Games24x7 initiated layoffs over the past few days, coinciding with the Supreme Court hearings on the 28% Goods and Services Tax (GST) on online gaming that began Monday.

1 min

Dermicool soaps? Emami begins core brand extensions

Despite its portfolio of well-known brands, Emami's business remains relatively smaller than domestic peers

1 min

OTT handprints on star-powered films

Video Streaming platforms such as Netflix and Prime Video, often locked in a fierce battle for content, are now securing post-theatrical rights for major star-driven films right from their announcement.

1 min

New satcom guidelines to bolster security

Guidelines issued this week for satellite internet services companies address crucial cross-border security issues, including from Pakistan, minister of state for communications, Chandra Sekhar Pemmasani, said on Tuesday.

1 min

Govt weighs pvt sector exec to lead manufacturing push

The push comes at a time when manufacturing share of GDP has stood at 15-17% for years

3 mins

Foreign car firms eye trade deals for EV tariff reduction

Companies shift focus as EV import policy announced last March yet to see rules in place

3 mins

Trade pact with EU possible by year-end: FM Sitharaman

If the collective effort is to get the world greener, global economy has to become greener, Sitharaman said

2 mins

TPG Picks Up 35% in SCHOTT Poonawalla

TPG's healthcare expertise and global network will boost SII's vaccine delivery innovation and packaging

1 min

BII Takes 10% Stake for $100 Mn in ReNew Arm

BII backs ReNew Photovoltaics in its first solar manufacturing bet in India

2 mins

Hollywood wanted Trump to bring movie-making back to the U.S.-but not like this

The Majority of Big Budget Hollywood Movies Are Now Shot Overseas to Take Advantage of Tax Breaks

4 mins

Avoid unforced errors and stay humble: Warren Buffett's leadership lessons

For chief executives across America, Warren Buffett isn't just an unrivaled investor.

4 mins

Federal Reserve Confronts Lose-Lose Scenario Amid Haphazard Tariff Rollout

Central bank prepares for difficult judgments, emerging divisions regarding when to cut rates

5 mins

Jio Finance to debut rupee bond sale

Jio Finance Ltd, a shadow lender owned by Asia's richest businessman Mukesh Ambani, is planning to raise as much as ₹1,000 crore in the onshore market through its first ever bond sale, according to people familiar with the matter.

1 min

India's GDP to beat Japan's in 2025: IMF

India is likely to gallop past Japan to become the world's fourth-largest economy in 2025, the International Monetary Fund's (IMF) April 2025 World Economic Outlook (WEO) has projected, with Germany next in its sights for the third position.

1 min

SAIL to import trial coking coal cargo

Steel Authority of India Ltd plans to import a trial coking coal cargo from Mongolia this month and may fly it in to speed up testing, two persons aware of the matter said.

1 min

OpenAI Back to Non-Profit Control

OpenAI is backtracking on plans to become a more conventional for-profit company after facing mounting pressure from former employees, academics and rivals, including billionaire Elon Musk.

1 min

RBI Norms to Slow NBFC Gold Loans

Implementing the guidelines proposed in the Reserve Bank of India's (RBI) draft on gold loans will slow down the asset growth of non-bank financiers in the segment, according to a Crisil report released on Tuesday.

1 min

Ola Group to Set Up Holding Company

Ola Group is reorganising its corporate structure by establishing a holding company to consolidate its brand intellectual property (IP) assets, aiming to eliminate intra-group cross-holdings and simplify internal ownership structures, according to people familiar with the matter.

1 min

Veritas Finance, Laxmi India, 3 others get Sebi nod for IPOs

As many as five companies including Veritas Finance, Laxmi India Finance and Ajay Poly have received Sebi's go-ahead to raise funds through an initial public offering (IPOs), an update with the markets regulator showed on Tuesday.

1 min

By 2032, India to have 123 mn EVs

India will have 123 million electric vehicles (EVs) on road by 2032 under the best case scenario, said a report by India Energy Storage Alliance and Customised Energy Solutions released on Tuesday.

1 min

DoorDash to buy UK rival for $3.9bn

DoorDash, the ubiquitous US food delivery app, has agreed to acquire British rival Deliveroo for 2.9 billion pounds ($3.9 billion) in cash, expanding its business in Europe, Asia and the Middle East.

1 min

CG Power reports 17% Q4 profit rise

CG Power and Industrial Solutions Ltd, a leader in the electrical engineering industry segment, reported a standalone profit after tax of ₹275.49 crore for the January-March 2025 quarter.

1 min

Security drills in 300 districts with sensitive installations

Measures include air-raid warning sirens, training civilians on civil-defence aspects

1 min

Is The 'Instagram Brand' Era Coming To An End?

Since the pandemic, D2C brands have struck gold online with Instagram ads. That playbook is changing.

8 mins

Secure your digital legacy: Key details to include in estate plan

I'm 45, planning my estate. I want to include and protect my digital assets for my inheritance. How to identify and safeguard them?

2 mins

Why do trading apps collect more data than they need?

Experts warn of potential data misuse, profiling and consent manipulation via dark patterns

5 mins

ITR Filing for FY25: From LTCG to Buyback Dividend Tax, Your Complete Guide

New thresholds for capital gains, buybacks, new tax rules—all for greater clarity and compliance

3 mins

RBI's Increasing Fiscal Support Deserves a Closer Look

The Central Bank's Rising Dividend Payouts Come at a Cost That Must Not Be Overlooked

4 mins

Our Defence Policy Must Gear Up for a 3.5-Front Security Challenge

It's time to raise our defence budget and focus on R&D, space capabilities and private participation

3 mins

Businesses Need Resilience Amid High Environmental Uncertainty

They must step out of their commercial cocoons and take on challenges of the environment in the face of an uncertain future

4 mins

Singapore Has Voted for Safety and Familiarity Amid Anxiety

The ruling party should pay close attention to people's concerns

3 mins

We need strict rules for genetically engineered animals

The extinct dire wolf's part resurrection raises questions of how far this science can be allowed to go

3 mins

You could Doom-scroll, or maybe not

While we wait for Doom's sequel, there are joyful new games to play

1 min

The best smartphone cameras money can buy

We put four leading smartphones known for their cameras to the test so that you can choose the one that works best to show off your skills

5 mins

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