Mint Mumbai - May 13, 2025

In this issue

May 13, 2025

Sindoor new normal in acting against terror strikes: Modi

Prime Minister Narendra Modi on Monday said Operation Sindoor has set the new normal on India's response to future terror attacks, while introducing a new doctrine on retaliating in such cases.

2 mins

Strict deadlines to ensure critical mineral security

India plans to introduce strict timelines and penalties for winners of critical mineral blocks as the government seeks to fast-track the production of elements essential for the country's transition to clean technology.

2 mins

Worldline picks BNP Paribas for India payments unit sale

French payments company Worldline has hired investment bank BNP Paribas to explore a potential sale of its India business, two people aware of the matter said.

1 min

Stocks roar ahead as guns fall silent, trade war cools

All sectors close higher as markets gain 3.8%, the best performance in over four years

4 mins

Car demand crawls in rich south, surges in north, west

A slowdown in the country's information technology industry and startup economy has hit car sales in four key south Indian states, which together account for about 20% of the country's passenger vehicle market.

2 mins

Relief for trade as US, China pull back on tariffs

In a development that has brought palpable relief to trade and economic circles, the US and China have hit the pause button on a debilitating tariff war that threatened to derail world trade, cripple supply chains, and push the world towards a potential recession.

3 mins

Banking for minors: Why its time has come

The Reserve Bank of India (RBI) recently permitted minors aged 10 years or older to independently open and operate savings and term deposit accounts.

3 mins

India-UAE goods trade surges past $100 billion

Merchandise trade between India and the UAE crossed the $100 billion-mark in 2024-25, two years ahead of the target set when their free trade agreement (FTA) went live on 1 May 2022, although the balance of the trade is heavily tilted in favour of the UAE.

1 min

Western changes may adversely affect food security, crop productivity

The frequency and nature of western disturbances in India have changed over the past few years, which could affect agriculture and food security, the top official at the government's weather office said.

2 mins

Build mediation centres: ICAI

Stronger penalties on major shareholders and directors of bankrupt companies for failure to cooperate in debt resolution could make corporate turnaround efforts more efficient, according to Institute of Chartered Accountants of India (ICAI).

1 min

Sarangi gets additional charge as CMD of Solar Energy Corp.

The Union government has given Santosh Kumar Sarangi, the secretary to the union ministry of new and renewable energy, additional charge as chairman and managing director (CMD) of Solar Energy Corp. of India (SECI).

1 min

Transmission line, coal-based capacity additions slow down

Only 8,830 circuit km of transmission lines were added in FY25, 37.8% less than FY24

2 mins

Antfin set to divest 4% stake in Paytm

Antfin, an Alibaba Group entity, will divest a 4% stake in Indian fintech firm Paytm through a block deal on 13 May, according to a term sheet.

1 min

Evolvence Courts Domestic LPs For Its Largest Fund Yet

Evolvence India to raise $300 mn for its fifth fund, including $100 mn from local LPs, in shift from foreign investors

2 mins

Content studios tap YouTube to launch originals

YouTube has become the preferred debut platform for some originals put out by content studios despite the lure of video streaming companies Netflix, Prime Video and JioHotstar in the country.

2 mins

LTIMindtree Bags Its Largest Deal From Chicago's ADM

Seven-year, $450 mn contract makes firm second mid-cap IT co to bag biggest deal since Jan

3 mins

SMBC deal provides clarity on SBI stake, says Yes Bank CEO

Rating agencies were concerned whether existing shareholder banks could infuse more capital

2 mins

Coal India needs a volume surge to fire up growth

Coal India Ltd's (CIL) consolidated Ebitda for Q4FY25, adjusted for overburden removal write-back, rose 5% year-on-year to ₹11,200 crore, aligning with expectations.

1 min

Asian Paints' FY26 not so rosy

Asian Paints Ltd is caught in a double whammy of weak demand and stiff competition from new and existing companies. This hurt the paint maker's crucial decorative paints business and FY25 ended up being one of its worst years in a long time.

2 mins

Sebi's Proposal for Delisting PSUs Faces Flak

Legal experts say that the move risks creating a dual regulatory standard between PSUs and private sector firms

2 mins

TCS leases huge office space in Chennai

Office space leasing by domestic IT services companies has been slow across major cities

1 min

Weak prices hurt Tata Steel net profit in Q4

The company reported a consolidated profit of ₹1,201 crore in Jan-Mar

2 mins

Canara Bank Eyes Corporate Loan Growth

State-run Canara Bank is yet to see a secular revival in corporate credit growth, with demand limited to infrastructure, renewables and certain manufacturing segments, a top official said, hoping that rate cuts would spur consumption and lead to more borrowings by companies.

2 mins

US-China truce announcement on tariff war brings relief

China agreed to lower tariffs on US imports from 125% to 10%, according to a joint statement on Monday

2 mins

Worst is over; new products to drive growth, says UPL

North America accounted for 13% of UPL's FY25 revenue, a shade higher than it earned in India

1 min

Kohli Retires From Tests Too, But Ad Dominance To Remain

Presence in ODIs and the IPL Will Keep Him in the Public Eye and Help Retain His Brand Value

3 mins

Berry steps in, but new CEO likely in 4 months: Britannia

Britannia posted 9% rise in Q4 sales to ₹4,376 cr and a 4% increase in net profit to ₹559 cr, while full-year profit rose by 2%

2 mins

Trump's Drug Price Cut May Not Hurt Indian Firms Much

Pharma shares plunge intraday, but recover swiftly ahead of US prescription drug price cuts

3 mins

Apple Considers Price Hikes for Upcoming iPhone Lineup

Raising Prices Could Help Apple Cushion Higher Costs Stemming from the US Tariffs on Imports from China

1 min

Everybody's Replaceable: The New Ways Bosses Talk About Workers

Corporate America's long-running war for talent sounds more like a war on the talent these days.

3 mins

Nissan job cuts double to 20,000 in huge overhaul

Nissan Motor Co. will eliminate 11,000 more jobs than previously planned, NHK reported on Monday, as part of a plan to restructure its flailing business.

1 min

Zelensky says ready to talk peace, challenges Putin to show up

Ukrainian president said he would be waiting for his Russian counterpart in Turkey

4 mins

Chalet Hotels FY25 profit falls 48.8%

Chalet Hotels Limited, backed by real estate company K Raheja Corp and owner of notable properties like JW Marriott Mumbai, Sahar and Westin Powai, reported strong FY25 revenue growth. Net profit, however, dropped over higher operating expenses and one-time tax adjustments.

1 min

Gensol Engineering promoters resign

Promoters of beleaguered Gensol Engineering, Anmol Singh Jaggi and Puneet Singh Jaggi, have resigned from the company following market regulator Sebi's interim order, according to an exchange filing.

1 min

Vedanta Explores Critical Minerals

Anil-Agarwal-led Vedanta has said it is exploring critical mineral assets in states like Maharashtra, Rajasthan, Bihar, Arunachal Pradesh, Karnataka and Chhattisgarh.

1 min

R-Power bags 350+ MW solar project

Reliance NU Energies, a subsidiary of Reliance Power Ltd, has secured a 350MW solar power project integrated with a 175MW/700MWh battery energy storage system (BESS) through a competitive bidding process by state-run SJVN.

1 min

NCLAT dismisses insolvency plea against PepsiCo India

The National Company Law Appellate Tribunal (NCLAT) dismissed an insolvency petition against PepsiCo India Holdings after observing that provisions of IBC cannot be turned into a debt-recovery proceeding.

1 min

Bajaj Electricals Q4 profit up two-fold

Bajaj Electricals Ltd on Monday reported a two-fold jump in consolidated fourth-quarter net profit to ₹5,905 crore.

1 min

Hamas says American-Israeli hostage released in goodwill gesture

Edan Alexander's release would be the first since Israel shattered an eight-week ceasefire with Hamas in March

2 mins

Summer getaways get costlier: Airfares soar on high demand

Ticket prices for destinations within the country are already up 10-15% over last year

1 min

Hyderabad: Turning Waste into Wealth

The city has unlocked large value by processing its municipal refuse efficiently, blazing a trail for others to follow

8 mins

Is cross-border crypto gift taxed in India?

I have been residing in the UAE for the past 25 years and carry on my business here. On the occasion of my 50th birthday, a couple of my Indian cousins have gifted me USDT into my private wallet here from theirs in India, after I shared my private key with them. Do I have to pay any tax in India on these gifts?

1 min

Should you register for GST? Here is everything you need to factor in

From understanding turnover thresholds to inter-state rules, RCM and dropshipping—explained in a nutshell

5 mins

Gen-AI Investing: Smart Moves or Is It Just Too Risky?

Risks include data privacy concerns, lack of regulation and misleading suggestions

2 mins

JSPL-Bhushan case: The IBC may require a rejig

The Supreme Court's scrapping of a big acquisition by JSPL raises troubling questions over the efficacy of India's insolvency code. Should we reform the IBC? If so, along what lines?

2 mins

India-UK trade deal: Let us stay focused on the long-term prize

The momentum in mutual ties is backed by business enthusiasm. It's time to unlock the potential

3 mins

Mercantilism isn't always bad but Trump's policies are

Mercantilism could have some strategic benefits but Trump's policies reflect its worst defects

3 mins

US-UK trade pact: Seems like an episode of a comedy show

The agreement is long on rhetoric and short on what truly matters

3 mins

Let Granular Data on Household Savings Supplement Macro Data

Indepth surveys can capture below-the-radar information and help craft strategies to serve India's financial inclusion agenda

3 mins

How a manufacturing boom could close the gender gap

Women's labour participation can be boosted by export-led hiring. We must put incentives in place

3 mins

Which weight loss drug is more effective?

A 72-week long study of Zepbound and Wegovy found a clear winner

2 mins

Fighting Parkinson's with Indian dance therapy

In a quiet community hall in Mumbai, 70-year-old Hari stands surrounded by a group of men and women, some older, some younger, all marked in different ways by Parkinson's disease.

4 mins

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