Mint Mumbai - May 08, 2025

In this issue

May 08, 2025

India takes out terror nests

Security drills conducted across the country, surveillance raised; Market unfazed, economy chugs along

3 mins

BluSmart investors look to take control

Investors in BluSmart are in talks to buy out promoter Anmol Singh Jaggi in a bid to revive the ride-hailing company, two people aware of the development said.

2 mins

Starlink gets nod for satellite web services

Elon Musk's Starlink has received government approval to operate satellite internet services in India, two officials aware of the development said.

1 min

Deal comes as win-win boost for both British, Indian green energy firms

The free trade agreement (FTA) with the UK has come at the right time for domestic manufacturers of solar modules and wind turbines, potentially opening the doors wider for them to diversify their exports beyond the US.

2 mins

UK PM Hits Back at Opposition on FTA Tax

K Prime Minister Keir Starmer on Wednesday came out fighting against opposition criticism over a double taxation clause in the free trade agreement (FTA) with India, designed to prevent temporary workers paying in social security contributions in both countries.

1 min

Scotch, gin may not get cheaper

Indian consumers eyeing cheaper Scotch whisky and gin after the India-UK trade pact should steel themselves for a disappointment.

2 mins

Why medical device makers are spooked by free trade deal

The free trade agreement with the UK is expected to open up a large market for Indian exporters but has left at least one sector flustered. Domestic manufacturers of medical devices fear Chinese-made products could be routed into India through the UK by exploiting the zero-tariff provisions under the bilateral trade pact.

1 min

India-UK FTA: Exporters size up rivals in a foreign field

The deal comes just as higher tariffs from the US threaten to disrupt key export sectors

2 mins

Info Edge's startup bets have shrunk over 2 years

Consumer internet firm Info Edge has made fewer investments in terms of volume over the past two fiscal years. The size of its investment cheques has also been declining since FY22, compared to the larger amounts it historically invested, data showed.

1 min

Strong GCC demand lifts India office REITs in FY25

The recovery also benefited from higher rental values as firms mandated return to office

2 mins

Marico's margin pain will linger

Marico Ltd.'s performance in the March quarter (Q4FY25) has sharpened the market's focus on its pivot to newer growth engines, which have done well even as margin headwinds loom.

2 mins

Market share loss to BSE has run its course: NSE chief

National Stock Exchange Ltd's (NSE) CEO Ashishkumar Chauhan said on Wednesday that the market share loss to smaller rival BSE Ltd has likely reached its limit and that further losses are unlikely unless new regulations specifically targeting the exchange are introduced.

1 min

Disney Sees $300 Million Loss From Reliance JV

Media and entertainment conglomerate Walt Disney Company has projected an equity loss of approximately $300 million for FY25 from its India joint venture with Reliance Industries Ltd, primarily driven by purchase accounting amortization.

1 min

Signs of rural recovery in revenue trend

Mixed harvest Rural-focused firms saw strong volume growth in Q4FY25, but profit slowdown is straining margins.

1 min

Coforge has a record deal pipeline but execution is key

Giving an edge

1 min

Small-caps, IndusInd Bank among FPI bold bets in Q4

Select plays FPIs turned selective but stayed bullish on India's equity markets in Q4FY25 despite volatility.

2 mins

How ZEISS Is Shaping the Future of Eyecare in India—A Crafting Bharat Special Feature

Boris Dejonckheere discusses how ZEISS is leveraging its 179 years legacy to revolutionize the eyecare industry with innovation, style, and sustainability. This Crafting Bharat special feature by NewsReach, brings into focus how eyewear today is about enhancing how we see and how we are seen

4 mins

AI application startups set to get more investments from VC firms

AI startups aren't building horizontal platforms anymore. They're focusing on vertical solutions

2 mins

Fashion startups betting on speed, to deliver in 60 min

While online shopping has been event-driven, impulse buys are dominated by offline retail

2 mins

No 3rd-party rights on more EVs: HC to Gensol, BluSmart

SMAS Auto had leased 164 EVs to Gensol and 46 to BluSmart under separate master lease agreements

1 min

Godrej Consumer bullish on demand revival in next year

Godrej Consumer Products Ltd (GCPL) is betting on easing food inflation, tax cuts, and upcoming pay commission hikes to revive consumer demand over the next 12 to 18 months, chief executive officer Sudhir Sitapati said on Wednesday.

1 min

Complexities cloud carbon credits in Delhi's EV policy

The proposal is designed to promote the adoption of vehicles without tail-pipe emissions

3 mins

Dabur Refreshes Strategy, Eyes Double-Digit Growth by FY28

Dabur enlisted McKinsey & Co. to help refine strategies for the next three years, according to Malhotra

2 mins

Nifty, Sensex hold steady

Markets claw back losses even as India VIX rose 4% intraday but closed 0.3% higher, indicating limited panic

2 mins

BSE, NSE sites curb overseas access

The BSE and the National Stock Exchange have barred access to their respective websites from all overseas locations to safeguard against cyber attacks effective Tuesday, two people aware of the matter said.

1 min

What's next for defence stocks?

The defence sector has come into sharp focus following India's retaliatory attacks targeting terrorist infrastructure in Pakistan and Pakistan-occupied Jammu & Kashmir early Wednesday.

1 min

27 Airports Temporarily Shut; Many Flights Cancelled

India closed at least 27 airports in the north and west for civilian movement on Wednesday morning, hours after New Delhi carried out precision strikes on 'terrorist infrastructure' at nine sites in Pakistan and Pakistan-occupied Kashmir (PoK).

1 min

Four likely scenarios before Pakistan as it looks to react

Defence experts discuss the options before the western neighbour as the conflict worsens

3 mins

Hydropower units see stepping up of security protocols

Hydro plants are well-secured, but security protocols are intensified during times of elevated tension

1 min

Indo-Pak tensions spark worry over kharif sowing in border areas

India's precision strikes on Pakistan under Operation Sindoor early on Wednesday have escalated border tensions, sparking concern over potential disruptions to agriculture in Punjab, Rajasthan, Jammu & Kashmir, and Gujarat.

2 mins

Strategic advantage for IAF as highways will serve as runways

The Indian Air Force successfully executed a \"land and go\" operation on a section of the Ganga Expressway in Shahjahanpur, Uttar Pradesh, on 2 May.

1 min

Adani solar park, RIL refinery on alert

Jamnagar oil refinery is also under high alert as the area has an airbase and is a no-fly zone for civilian aircraft

2 mins

Jaishankar keeps key nations in the loop

External affairs minister S. Jaishankar on Wednesday spoke to his counterparts from Japan, Germany, France, and Spain and apprised them of India's strikes on terror infrastructure in Pakistan and Pakistan-Occupied-Kashmir.

1 min

India Boots Up To Fend Off Cyberattacks On Country's Digital Systems

Since the Pahalgam attacks, there have been numerous attempts to hack Indian websites, say officials

2 mins

Gold at ₹1 lakh per 10g as tensions rise

Old prices surged ₹1,000 to breach the crucial ₹1 lakh per 10g in New Delhi on Wednesday as escalating tensions between India and Pakistan triggered a safe-haven buying rush.

1 min

Essential services law could be invoked to curb hoarding

Govt last invoked Esma during Covid-19 pandemic to prevent disruptions in healthcare

1 min

Carney, meeting Trump, says Canada isn't for sale

Canadian Prime Minister Mark Carney told President Trump his country was \"not for sale\" after Trump reiterated his call for Canada to become the 51st state.

3 mins

China's factories start to imagine a world without American buyers

The trade war is hurting China's economy, with factory activity in April posting its worst contraction since 2023

2 mins

Disgraced ex-Goldman partner sought by Malaysia for extradition in IMDB scandal

An Interpol red notice, making him subject to arrest almost anywhere in the world, was issued for Tim Leissner

3 mins

Trump Says Truce Reached With Houthis After They Promise to Stop Targeting Ships

Announcement comes after weeks-long campaign to target the group

4 mins

MRF Beats Q4 Profit Estimates

Indian tyre maker MRF reported a fourth-quarter profit above analysts' estimates on Wednesday as stronger replacement demand from retail customers outpaced muted sales to carmakers.

1 min

DWS, Nippon Life in talks for India JV

Deutsche Bank's investment arm DWS is in talks to form an asset management joint venture in India with the Japanese insurer Nippon Life, four people with knowledge of the matter said, as the German company seeks to expand in Asia.

1 min

Jio adds 2.17 million users, leads telcos

Reliance Jio cemented its lead in the Indian telecom market adding 2.17 million wireless subscribers in March, while Bharti Airtel's monthly gains were at 1.25 million users, according to data released by telecom regulator TRAI on Wednesday.

1 min

India has agreed already to drop its tariffs to nothing: Trump

President Donald Trump on Tuesday said India has \"agreed\" to drop its high tariffs \"to nothing.\"

1 min

United Breweries Q4 profit up 20.5%

United Breweries, the largest beer seller in India, reported a 20.5% quarterly profit rise on Wednesday over demand for higher-priced beers and lower excise duty.

1 min

US-China trade talks to start this week

U.S. Treasury Secretary Scott Bessent and U.S. Trade Representative Jamieson Greer will travel later this week to Switzerland for trade talks with China led by Vice Premier He Lifeng, seeking to de-escalate a tariff standoff that has threatened to hammer both economies.

1 min

India to launch 52 spy satellites

India will put in orbit a constellation of 52 satellites over the next five years to step up space-based surveillance capabilities, Pawan Kumar Goenka, chairman, Indian National Space Promotion and Authorisation Centre (IN-SPACe) said on Wednesday.

1 min

KFC India faces slump in sales

Sapphire Foods India, which operates Pizza Hut and KFC restaurants in the country, reported quarterly revenue slightly below estimates on Wednesday, hurt by disappointing sales at its older stores.

1 min

Coal India posts 1% Q4 revenue drop

Coal India, which produces over 75% of the country's coal, reported a drop in fourth-quarter revenue on Wednesday, hurt by subdued power demand.

1 min

Cabinet approves fresh coal linkages amid power demand

The policy is to help thermal plants procure coal with some procedures being eased

1 min

THE VATICAN FINANCIAL MESS POPE COULDN'T FIX

The next pope will inherit a soaring deficit and culture of financial malpractice that Francis failed to solve

10+ mins

I've started SIPs—what's next for my long-term financial goals?

I'm 35, living in Pune with my 4-year-old daughter.

1 min

FY25 tax returns: ITR forms call for broader disclosures

Taxpayers must navigate significant changes on capital gains, tax-saving investments, HRA

4 mins

Pakistan Must Step Back From the Brink of Worse

India's finely aimed military strikes on terror set-ups leave space for a Pakistani ramp-off. Pakistan's best option is to not do anything that will raise the risk of this escalating into war

2 mins

A diversified stock portfolio or a concentrated one? An easy pick

Investing success takes both luck and skill—and diversification gives the latter a larger role to play

3 mins

A trade war is pointless: The US and China need to talk

It would help if the Trump administration makes it clear whether it wants decoupling or a trade deal

3 mins

Counter-intuitive: Why OPEC is pushing for lower oil prices

The answer goes beyond punishing over-producers of oil like Iraq

3 mins

The JSW-Bhushan ruling impacts the IBC and investor confidence

The Supreme Court's reversal of a high-profile acquisition under India's insolvency code will have adverse spillover effects

4 mins

Google's CCI settlement over Android TVs: A win-win?

Settlements offer a better way out of antitrust cases than having to face adverse CCI orders

3 mins

What to look for at the Cannes film festival

The Cannes film festival returns to the French Riviera next Tuesday

2 mins

What does your relationship with money say about you?

Like nutrition, fitness or K-pop, money is just a language, with its own rules, grammar and vocabulary

3 mins

Celebrating Gieve Patel, the generous mentor

Hoskote attributes Patel's appeal among younger artists to his clarity of thought and his refusal to follow dogmas

4 mins

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