Mint Mumbai - May 10, 2025

In this issue

May 10, 2025

Sumitomo Mitsui seals deal to buy 20% in Yes Bank

Japan's Sumitomo Mitsui Banking Corp. (SMBC) will acquire a 20% stake in Yes Bank for ₹13,482 crore in the largest cross-border investment in Indian banking sector.

2 mins

Dedicated anti-corruption, anti-bribery chapter in India-UK FTA sets precedent

India and the UK have added a first-of-its-kind chapter on anti-corruption and anti-bribery measures to their free trade agreement (FTA), according to a policy paper released by the UK government.

2 mins

Trai floats 4% of AGR pricing for satcom

Satellite communication companies such as Starlink, Eutelsat OneWeb, and Jio Satellite will have to pay 4% of their adjusted gross revenue (AGR) as spectrum charges to the government, as per the telecom regulator's recommendations issued on Friday.

1 min

E-comm supply chains on edge

With the government shutting down operations at 24 airports across northern and western India amid escalating tensions with Pakistan, ripple effects have been felt across logistics networks and e-commerce supply chains, according to two government officials familiar with the matter.

1 min

Conflict continues, India repulses drone attacks

The IMF voted on a $1.3bn bailout package for Pakistan on Friday, India abstained

3 mins

Jewellery Crafted for the Red Carpet The Rich Allure of Gemstones by Jaipur Gems

A finely crafted piece doesn't just sparkle—it stores wealth in a form that's tangible, wearable, and very often deeply meaningful

2 mins

From Dusk Till Authorship

The bravest thing Hollywood did this year was to surrender.

4 mins

Can AI Replace Children's Book Illustrators?

AI-generated picture books for children are getting better with time. Illustrators tell us how they feel about this development

5 mins

The Men and Women Who Inspired Ravi Varma

In February 1906, the 10-year-old rani of Travancore was taken to the upstairs window of an old palace. Standing below in the courtyard were two boys, one a college-goer, the other his teenaged younger brother.

4 mins

'Axone' and 'tenga' spice up dining in Andheri

Delivery kitchens and restaurants serving cuisines from the North-East are adding to the melting pot of this Mumbai suburb

4 mins

Like coffee, hold a tea festival too

A fortnight ago, I popped in at the India International Coffee Festival in Bengaluru. I am an occasional filter coffee drinker, but conversations with coffee folks have been as fascinating as tea.

2 mins

Spirited encounters with Peru's national drink

From its colonial origins to its place in contemporary mixology, pisco reveals rich layers of Peruvian history, identity and pride

3 mins

How Ben Griffin Made a Comeback

The golfer's journey from financial strain to PGA Tour triumph, supported by a forgotten brand

3 mins

Duplantis soars to impossible heights

Swedish-American pole-vaulter Mondo Duplantis breaks multiple records, cementing his status as an all-time great

5 mins

Quietcation: Leave the noise behind

The quest for quiet, be it serene nature retreats, mindfulness breaks, or silent walking, has become a modern travel trend

4 mins

Family holidays with kids, pots and pans in tow

Combining new cuisines with familiar flavours of home can make travel easier for kids—and adults

4 mins

When the table becomes a stage

In Jyoti Dogra's new play, the central characters are all named Pavitra Kumar and the table is the seat of every rendezvous

2 mins

White smoke on the silver screen

The world was looking at the Sistine Chapel as the Vatican's first papal conclave in over a decade began on 7 May, following the death of Pope Francis on 21 April.

3 mins

Towards the Grain

The co-founder of Wholsum Foods on building a children's food brand championing Indian grains, and how being a professional swimmer has shaped her life and attitude

6 mins

India's sovereign rating gets an upgrade

Morningstar DBRS on Friday upgraded India's sovereign credit rating to 'BBB' with a stable outlook, up from 'BBB (low)', citing structural reforms, infrastructure investments, and fiscal consolidation as key drivers.

1 min

Rupee fall may be transient, conflict may amplify impact

Rupee's 88-paise drop on Thursday marked its steepest single-day fall in more than 2.5 years

2 mins

Hospitals told to be ready for trauma care

In response to heightened tensions with Pakistan, India is bolstering its emergency medical preparedness, with Union health minister J.P. Nadda chairing a review meeting on Friday.

1 min

US Wants India, Pak To Quickly De-escalate

President Donald Trump wants to see the conflict between India and Pakistan de-escalate \"as quickly as possible,\" the White House said on Friday.

1 min

India ready to foil Pak sleeper cells

Security has been tightened and alerts issued for sensitive infra, transport hubs and crowded public places

1 min

Insurance to cost more for hydro, RE power projects

Already, hydro and green energy projects in the border states are under high alert amid increased security

1 min

Govt Activates Fact-Check Unit To Debunk False Info

Information Regarding A Terrorist Attack On An Army Brigade In Rajouri Was Also Shared And Circulated Widely

2 mins

Post-Op Sindoor Escalation Derails Indians' Travel Plans

Travel cos flooded with cancellation requests due to airport closures and cross-border firing

2 mins

BCCI suspends IPL for a week amid border tensions

India may opt out of the Asia Cup and the Indian Premier League could be held in that window instead

1 min

Finmin asks banks to ensure cash at all branches, ATMs

Finance Minister Nirmala Sitharaman has instructed Indian banks to bolster their operational and cybersecurity preparedness, especially in border regions, as tensions with Pakistan escalate.

2 mins

Markets See Red as Indo-Pak Tensions Continue to Rise

The setup indicates continuation of the downside pressure, unless tensions abate

3 mins

Govt says there is enough food after reports of panic-buying

Union food and consumer affairs minister Pralhad Joshi on Friday urged people to disregard what he called misleading messages about food stocks, saying there are enough supplies available in the country after reports emerged of people stockpiling food.

2 mins

CCPA pulls up e-comm giants over walkie-talkie sales

The consumer regulator has issued notices to major e-commerce platforms including Amazon, Flipkart, Meesho, OLX, Facebook and IndiaMart for allowing the illegal sale of walkie-talkies operating in licensed frequency bands without mandatory regulatory disclosures.

1 min

Indian drone makers see demand opportunity in border tensions

Likely procurements by the armed forces could provide some much-needed relief to drone companies

2 mins

What higher gold prices have meant for Titan's Q4 performance

Consumers still want gold, but within budget; they are looking for lower-carat jewellery or lower making charges

2 mins

Indian firms promote WFH for those near border areas

Some companies have set up task forces to track employee locations, monitor operations

3 mins

Govt doubles startup credit guarantee, cuts sector fee

To ease credit access for startups and fuel innovation in key priority sectors, the government has doubled the guarantee cover under its Credit Guarantee Scheme for Startups (CGSS), effectively raising the limit per borrower from ₹10 crore to ₹20 crore.

2 mins

Debt mutual fund inflows in April at a two-decade high

Investors are seeking lower-risk options to ride out the market volatility and to rebalance their portfolios

2 mins

Delhi HC orders seizure of 129 Gensol EVs over lender petition

The Delhi high court has ordered the seizure and relocation of 129 electric vehicles (EVs) leased by Gensol Engineering and ride-hailing startup BluSmart, over a petition by lender STCI Finance.

2 mins

CIL to spend ₹25k cr to boost RE capacity

Coal India has signed a MoU to supply 4,500MW of renewable power to AM Green's green ammonia units

1 min

DRL focused on securing supply chains

Amid growing concerns about potential US import tariffs on pharmaceuticals, Indian generics giant Dr. Reddy's Laboratories (DRL) is taking steps to secure its supply chain for key products entering the American market, chief executive Erez Israeli said.

1 min

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