Mint Mumbai - May 14, 2025

In this issue

May 14, 2025

Rahman revives film vs classical music showdown

The copyright dispute between composer A. R. Rahman and the Junior Dagar brothers has brought into the spotlight a frequent clash between Indian classical music and mainstream film compositions.

2 mins

VC fundraising advances as dealmaking rebounds

A wave of fundraising is sweeping through India's venture capital landscape as firms such as Nexus Venture Partners, Lok Capital, Chiratae Ventures, Peak XV Partners, and Fireside Ventures gear up to raise fresh capital, but with more selective fund sizes and targeted strategies.

2 mins

Trump's drug-price crackdown could be more bark than bite

As in negotiations with foreign nations, minor concessions by drug companies are more likely than a true overhaul.

3 mins

India's mid-cap IT firms bested the Big Four in hiring last fiscal

The Big Four of Indian IT ceded their crown as the industry's top hirers in FY25, beaten by smaller rivals which grew faster for the second year in a row.

3 mins

Profit-booking, options expiry slam stocks after rally

Indian benchmark stock indices took a U-turn on Tuesday after a sharp run-up the previous day on the back of easing India-Pakistan tensions and a temporary truce in the US-China trade war.

3 mins

Airtel profit rises fivefold, revenue misses estimates

Profit jump due to deferred tax benefit; revenue per user remains flat at ₹245

3 mins

Retail inflation at a six-year low in April

Retail inflation eased in April to its slowest pace in over six years on the back of lower food prices, potentially allowing the central bank to cut its key policy rate for a third successive time to spur economic growth.

2 mins

Govt orders petrol cars, ignores CAQM's advisory

In a perplexing move, the environment ministry has put out a tender to buy 57 petrol-powered cars—less than a week after a pollution control body urged all government institutions in the national capital region to buy only cleaner-fuel vehicles.

1 min

Will retaliate if Pakistan uses military or terror

Prime Minister Narendra Modi on Tuesday warned Pakistan against any future attacks against India, saying Indian forces are on high alert and that any engagement from Pakistan—whether through terror attacks or military operations—will face aggressive retaliation on India's terms.

1 min

US farm produce, petchem, med devices face $1.9 bn tariffs

The move signals New Delhi toughening its posture amid ongoing trade talks with the US

2 mins

Natural farming is booming; now it may finally get certified

The government is likely to introduce a certification system for natural farming, modeled on the one for organic produce, a senior agriculture ministry official said, in a bid to boost consumer trust and farmer income.

1 min

Fintech unicorn Moneyview sets $400-mn IPO in motion

The firm has appointed bankers for the listing as regulatory scrutiny intensifies on fintechs

3 mins

Pidilite's valuation a sore spot

Pidilite Industries Ltd's Q4FY25 makes one thing clear: volume growth is resilient and the momentum is being sustained by demand.

2 mins

Britannia's cost cuts also need a volume growth rebound

Britannia Industries Ltd's consolidated revenue growth of 9% year-on-year in Q4FY25 to ₹4,432 crore was primarily led by higher price realization, given that volume growth was tepid at about 3%.

1 min

Govt to divest IDBI Bank stake to add ₹45,000 cr for FY26

The Union government is eyeing receipts of more than ₹45,000 crore from divestment in the financial year 2025-26, with the bulk of it expected from the strategic sale of IDBI Bank Ltd, said two people aware of the matter.

1 min

Founders hike stakes in select small-caps

Stake shuffle

2 mins

Alibaug's property market opens to mainstream luxury developments

LUXURY HOTSPOT THE branded developments to come up in Alibaug are for investors as well as end-users JUST like Goa, the Alibaug property market is drawing developers from outside Maharashtra

2 mins

Microsoft Decides It Will Lay Off 6,000 Employees

Microsoft Corp. said it will cut 6,000 workers across the company in an effort to reduce management layers.

1 min

Hero MotoCorp Rides Exports, EVs to 9% Revenue Rise in FY25

Delhi-based Hero MotoCorp's overseas sales surged 44% to 289,668 units in FY25, becoming a key growth driver

2 mins

Lack of hotel rooms pushing up travel costs for Indian tourists

Overall travel costs are not easing just yet for Indian tourists as hotel rates remain firm due to limited supply, Mahesh Iyer, managing director and CEO of Thomas Cook India, told Mint.

1 min

TaMo profit drops as JLR margins suffer; view fuzzy

Net profit for the full year fell 11% to ₹28,100 crore, down from ₹31,800 crore in FY24

2 mins

Biocon bets on generics, biosimilars

Biocon expects mid-to-high teens growth for its generics and biosimilars businesses in this fiscal year

2 mins

Cipla expects no immediate impact of US drug moves

Trump has not announced tariffs on pharma products, but has indicated he will bring in separate tariffs for pharma

1 min

Code junkies make way for AI pros as skills base shifts

The IT sector was one of the top recruiters in 2024 despite crests and troughs in job market

2 mins

Small-town content creators can now play in big leagues

Several AI platforms offer only a few basic features for free, requiring users to pay for more advanced tools

2 mins

India's Gen Z loves premium alcohol but is drinking less

Data shows Gen Z drinkers are more inclined than millennials to cut alcohol consumption

3 mins

China Is Building Megaports in South American Countries to Feed Its Need for Crops

China has reassured its citizens they would have enough to eat without U.S. crops.

3 mins

CEOs rush to get their shipments from China while trade truce lasts

Business leaders welcome 90-day reprieve but call for longer-term trade deal

3 mins

Trump's family is rapidly striking business deals in the Mideast

Saudi Arabia, the United Arab Emirates and Qatar stand out for their warm embrace of Trump Inc.

6 mins

NCLT defers Bhushan case

The National Company Law Tribunal (NCLT) on Tuesday deferred the Bhushan Power & Steel Ltd (BPSL) insolvency case to 30 May, when it is expected to issue directions on a plea filed by former promoter Sanjay Singal.

1 min

Brazil, China Vow to Guard Free Trade

China and Brazil pledged on Tuesday to defend free trade and multilateralism as the two countries signed 20 agreements in Beijing to strengthen their ties amid global trade uncertainties.

1 min

Nissan to cut more jobs, shut 7 plants

Nissan Motor unveiled sweeping new cost cuts on Tuesday, saying it'll eliminate 11,000 more jobs and scale back production, capping a tumultuous year that left the Japanese carmaker fighting to turn itself around.

1 min

GSK Pharma Sees Profit Rise in Q4

India's GlaxoSmithKline Pharmaceuticals reported a higher fourth-quarter profit on Tuesday, led by steady demand for its generic drugs.

1 min

Honeywell India's Q4 profit drops

Honeywell Automation India reported a fourth-quarter profit fall on Tuesday as rising expenses outpaced revenue growth.

1 min

Gems, jewellery exports dip 4.62%

India's overall gems and jewellery exports dipped by 4.62% to $2,037.06 million in April, compared to $2,135.7 million during the same month of the previous fiscal year, as per Gem and Jewellery Export Promotion Council (GJEPC) data released on Tuesday.

1 min

Southwest Monsoon Arrives Early in Andaman & Nicobar

The Southwest monsoon advanced into some parts of south Bay of Bengal, south Andaman Sea, Nicobar Islands and some parts of north Andaman Sea on Tuesday, two days ahead of schedule, Mrutyunjay Mohapatra, director general of India Meteorological Department (IMD), said.

1 min

India Sees 5.4 Million Displacements

India recorded 5.4 million displacements in 2024 due to floods, storms and other disasters, the highest figure in 12 years, a new report said on Tuesday.

1 min

GAIL sees scope for more US LNG share

As India and the US negotiate a trade deal, chairman and managing director of state-run gas utility GAIL Ltd Sandeep Kumar Gupta said there's potential for import of more liquefied natural gas (LNG) from America and increase its share in India's energy basket.

1 min

China Lifts Ban on Boeing Deliveries

China has removed a month-long ban on airlines taking delivery of Boeing Co. planes, according to people familiar with the matter, following a breakthrough in trade talks with the US that temporarily slashed tariffs on each side.

1 min

India Tightens Drug Export Rules to Curb Narcotic Misuse

CDSCO Has Introduced a Two-Step Verification for Drug Manufacturers

1 min

TCS Isn't Thriving. Can Chandra Fix the Firm?

Parent Tata Sons wants India's largest IT services company to quickly shape up. It won't be easy

9 mins

Why Joint Loans Are a Viable Alternative for Homebuyers

Find out how tax breaks, discounts and lower stamp duty benefit couples and co-borrowers

4 mins

GETTING LIFE INSURANCE RIGHT: HOW TECH, CLARITY CAN HELP COMBAT MISSELLING

Life insurance is a key pillar of financial security, offering peace of mind and protection for loved ones.

3 mins

Verifiable credentials grant us agency over our data

These enable individuals to share data as they see fit and can do away with large back-end systems

4 mins

Gene editing: Are humans really ready to rewrite the book of life?

Recent advances in this field are both amazing and scary. This amplifies the dilemmas we confront

3 mins

The IMF loan to Pakistan should spark a debate on voting reform

A multilateral institution whose decisions reflect outdated economic realities cannot serve the interests of its members well

4 mins

What makes Melania Trump the first First Lady of her kind

She is redefining this US role her very own way for better or worse

3 mins

Businesses are going global but tribal instincts prevail

Who knows who still matters but we must break out of closed networks for ethical and economic wins

3 mins

AI deepfakes are pushing bogus cures

Nuclear-powered AI, OpenAI's collab with countries and more AI news

1 min

Digital address books become memory keepers

The digitization of address books has transformed locations from static coordinates into living proxies of connection and meaning

5 mins

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