Mint Mumbai - May 09, 2025

In this issue

May 09, 2025

Fighting flares, vigil rises

Pakistan's missile and drone attacks repelled in Jammu after India targets its air defence systems, radars

2 mins

Global engines fuel L&T order growth

A surge in international business, particularly from the Middle East, helped India's largest engineering and infrastructure company Larsen & Toubro (L&T) grow its order book at a compounded annual rate of over 15% between FY21 and FY25, even as growth in domestic orders chugged along at a slower pace.

2 mins

Merger deferred as 3 PSU insurers return to profits

The government has deferred plans to merge or privatize three public sector general insurance companies to FY27 after they posted profits, people familiar with the matter said, giving them time to notch up sustained profitability.

2 mins

No spectrum sale this year, new bands likely in 2026

The Centre is unlikely to conduct a spectrum auction in 2025, according to two government officials as well as industry executives who are aware of the matter.

2 mins

AI has upended search. Marketers are scrambling to catch up.

In a matter of months, artificial intelligence has begun to change how people search for things online in ways that have alarmed some marketers.

3 mins

Banks clock better loan quality in March quarter on write-offs

India's leading banks have written off much higher value of loans in the previous fiscal year (FY25) as well as in the last quarter of the fiscal compared to FY24.

2 mins

Any military attack will be met with a very firm response

India has no intention to escalate the situation with Pakistan, but if there are military attacks on the country, then it will be met with a \"very\" firm response, external affairs minister S. Jaishankar said on Thursday.

1 min

Take down Pakistani content, OTTs told

The ministry of information and broadcasting issued an advisory on Thursday asking all streaming platforms and intermediaries operating in India to immediately stop showing Pakistani content such as web series, films, songs and podcasts.

1 min

Health emergency plan for J&K readied

Arogya Maitri Cubes are designed to provide critical medical care in emergency scenarios

2 mins

India warns Pakistan against escalation as tensions rise

Foreign secretary Vikram Misri said Islamabad will be entirely responsible for consequences

2 mins

U.S. News & World Report Invests in The Red Pen to Empower Students

In a milestone development for the global education landscape, U.S. News & World Report, the world's most respected authority in university rankings and education insights, has made a strategic investment in The Red Pen, a premier education consultancy known for its student-first approach and deep expertise in admissions counseling.

2 mins

Novopor eyes US expansion after key acquisition

Novopor wants to establish itself as a leading global CDMO in performance chemicals and material sciences

1 min

PB Healthcare secures $218 mn seed capital

Firm will set up a 1,000-bed hospital network in National Capital Region

2 mins

Polycab delivers a stellar FY25

Polycab India Ltd surpassed its 20,000-crore revenue goal under Project Leap a year ahead of schedule, with FY25 consolidated revenue at ₹22,410 crore. While investors were anticipating this after revenue for the nine months to December (9MFY25) came in at ₹15,420 crore, stellar March-quarter (Q4FY25) results helped.

2 mins

Rupee falls 89p, the most since Feb 2023

The Indian rupee fell nearly 1% on Thursday amid rising tensions between India and Pakistan.

1 min

Dabur stock lacks triggers amid weak financial show

Rolling down

1 min

Caution rings among investors as India-Pak tensions escalate

The Nifty put-call ratio hit 1.89, the highest since data has been collated, reflecting heightened caution

2 mins

RBI Gives FPIs More Flexibility to Invest in Corporate Bonds

Experts Call It a Positive Move for the Indian Corporate Bond Market and for Lower-Rated and Short-Term Paper

2 mins

FMCG cos cut costs amid tepid demand

No so fast-moving Cost-control measures emerged as a crucial buffer amid lacklustre performance of FMCG firms in Q4

2 mins

Titan names Ajoy Chawla as next MD

Ajoy Chawla's elevation marks a strategic shift as he takes the reins after significant growth in the jewellery segment

1 min

GCCs scout for senior executives from peers

This indicates a preference for innovative work and domain knowledge

2 mins

FMCG industry clocks 11% growth in Q1

The Indian fast-moving consumer goods (FMCG) industry reported 11% year-on-year value growth in the March quarter, driven by a 5.1% volume increase and a 5.6% price hike, according to NielsenIQ.

2 mins

Sula boosts premium play as wine sales ease

After riding a post-pandemic wine boom, Sula Vineyards Ltd and the wine industry in the country are navigating a period of slower urban consumption and changing market dynamics.

1 min

State-run lenders for Gensol's cars dither on what to do next

Gensol had borrowed from PFC and Ireda to buy 4,700 EVs, which were leased to BluSmart

3 mins

Merchant bankers of IPOs under Sebi lens

The market regulator's rare order barring First Overseas Capital Ltd (FOCL) from taking on any new initial public offering (IPO) assignments after uncovering alleged fund diversion from an IPO may signal increased scrutiny of merchant bankers, experts said.

1 min

Mutual funds chase value in beaten-down mid, small-caps

Contrarian bets

2 mins

RIL aborts Operation Sindoor trademark bid

After backlash, Reliance says filing by junior staffer was not authorized

2 mins

Shipping companies are skeptical of Donald Trump's truce with the Houthis

The Fed cut its benchmark short-term rate by 1 percentage point in the second half of 2024 as inflation declined

3 mins

Apple's existential crisis: Can it build a future around AI?

Siri couldn't do any of the cool things Apple had promised. Then came the tariffs, chomping away at iPhone profits

4 mins

Fentanyl Crisis Provided Opening for Trade Talks Between U.S. and China

Planned meeting in Switzerland to be first direct talks over trade during Trump's second term

4 mins

Maersk cuts container outlook

Danish container giant A.P. MollerMaersk A/S, lowered its forecast for the global transport market rattled by Donald Trump's trade war.

1 min

Cardinal Robert Prevost of the US new Pope; named Leo XIV

Cardinal Robert Prevost, an American missionary who spent his career ministering in Peru and leads the Vatican's powerful office of bishops, was elected the first American pope in the 2,000-year history of the Catholic Church.

1 min

Govt orders 8,000 X accounts blocked

Social media platform X on Thursday said it has blocked 8,000 accounts in India following executive orders from the government.

1 min

Review finds insider trading at IndusInd

A forensic review by audit and advisory firm Grant Thornton found two IndusInd Bank executives traded in its shares while they were aware of accounting lapses, but before those were made public, a document showed.

1 min

LG India works on new $600 mn plant

G Electronics India has begun construction on its third plant in the country, the company and India's Andhra Pradesh state government, where the facility is located, said on Thursday.

1 min

Asian Paints Misses Q4 Profit Estimates

Asian Paints missed fourth-quarter profit estimates on Thursday, dented by weak retail demand for its decorative paints as consumers gravitate to more affordable local brands, along with losses from the sale of its Indonesian business.

1 min

Mumbai flights to cost more

Catching a flight from Adani Airports-managed Chatrapati Shivaji Maharaj Mumbai International Airport (Csmia) will become more expensive from 16 May.

1 min

Paytm, CEO settle case with Sebi

Vijay Shekhar Sharma, the founder and managing director of One97 Communications Ltd, has settled a regulatory probe by the Securities and Exchange Board of India (Sebi) over alleged irregularities in the grant of employee stock options (Esops) ahead of its 2021 initial public offering (IPO).

1 min

Escorts Kubota Q4 net profit rises 18%

Escorts Kubota on Thursday said its consolidated net profit rose 18% to ₹318 crore in FY2025's fourth quarter on high sales.

1 min

Tesla's India head quits before launch

Tesla's country head for India has resigned after nine years at the company and ahead of the US EV maker's planned entry into the world's third-largest car market, Bloomberg News reported on Thursday, citing people familiar with the matter.

1 min

India-UK FTA to operate after 3 months; carbon tax deferred

The FTA's final text is headed for legal vetting and will be publicly released afterwards

1 min

Inside India's Battle To Eliminate TB By 2025

The country's TB story is one of hard-won gains and lingering gaps

8 mins

Global health insurance cover for Indians: navigating claims

Can I purchase a global health insurance plan while residing in India?

2 mins

EPF maze: service gap glitch could leave NRIs out in cold

Overseas stints can derail gratuity, EPF if employers pause contributions or mark exit dates

4 mins

Operation Sindoor: A new normal for India's strategy

In response to last month's terrorist attack on Pahalgam in Jammu and Kashmir, India conducted Operation Sindoor in the early hours of 7 May, carefully targeting terrorist-related infrastructure not only in Pakistan-occupied Kashmir, but also in the heartland of Punjab province deep in its mainland territory.

3 mins

Buffett May Retire, But the Lessons He Leaves Us Will Remain Valuable

Behind his humor lies a genius for investment that has as much to do with emotions as numbers

3 mins

The India-UK free trade pact is a game-changer for trade relations

It will boost bilateral trade but could also serve as a template for future agreements that India is negotiating with others

3 mins

Is it a non-profit or for-profit? OpenAI's choice is not a relief

Sam Altman seems keen to have it both ways and that's a problem

3 mins

For the Weekend of Mothers and Art Workshops

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

1 min

Pots, pans and reels keep this brand hot

They feature in the Duchess of Sussex's With Love, Meghan Netflix cooking show. They've been spotted in rapper Snoop Dogg's kitchen. Top chefs can't live without them, and TikTok posts draw millions.

1 min

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