Mint New Delhi - March 26, 2025

In this issue

March 26, 2025

Buyers keep the faith in sovereign gold bonds

Investors who have earned stellar returns from sovereign gold bonds (SGB) over the years are largely holding on to them despite the option to cash out early, central bank data showed.

3 mins

Deposit Rate Cuts on Cards as Loans Cool, Repo Rate Cut Looms

Deposit rates may begin to come down starting April as lenders move to protect margins, at a time of easing credit demand and expectations of another repo rate cut.

3 mins

Boeing gets lifeline in deal for most expensive jet fighter ever

The U.S. is entrusting its most expensive jet fighter program in history to a company that hasn't successfully launched a commercial or military aircraft in a decade.

3 mins

Telcos race to display caller's ID on all smartphone screens

Are you inundated with spam calls? Soon, you will be able to see the caller's name flash on your phone screen without installing a third-party app like Truecaller.

2 mins

Accenture beats Indian IT by miles in large deals

Accenture Plc is outpacing India's top IT firms in securing lucrative, large-scale contracts, fueled by its robust consulting businesses and early adoption of generative AI solutions.

3 mins

Focus on tariff cuts, early deal in trade talks with US

India keen to avoid reciprocal tariffs as negotiations kick off in New Delhi

4 mins

Trump Says Auto Tariff Coming, and Duty Breaks

U.S. President Donald Trump said he will announce tariffs on automobile imports in the coming days—and indicated nations will receive breaks from next week's \"reciprocal\" tariffs.

1 min

Telcos, Big Tech call for ease of business in laying subsea cable infra

Telecom operators laying submarine fibre cables in India have urged the government to ease bureaucratic hurdles and allow waivers for this nascent domestic sector that has attracted the likes of Meta Platforms Inc. and Google.

2 mins

S&P Cuts India FY26 Growth View to 6.5%

S&P Expects Asia Pacific Central Banks to Continue Cutting Benchmark Interest Rates Through This Year

1 min

New income tax bill to be tabled in monsoon session

Select committee has been mandated to submit report on new bill, says finance minister

2 mins

Fund transfers to states under decline

The grants, meant to cover post-devolution revenue shortfalls, fell to ₹24,483 crore in 2024-25, from ₹1.18 trillion in 2021-22

2 mins

Apple Evades EU Fine Over Browser Rules

Policy Pressure: DMA was probing if iPhone's browser design blocked users from switching to rival search engines; EU's decision comes as Trump threatens tariffs on countries imposing fines on US companies

1 min

Index-based valuation is tricky

Changes to the benchmark Nifty 50 index will be effective from 28 March. Jio Financial Services Ltd and Zomato Ltd will replace Bharat Petroleum Corp. Ltd (BPCL) and Britannia Industries Ltd.

2 mins

What did Sebi decide at first board meet under new chief?

At its first board meeting under new chairperson Tuhin Kanta Pandey on Monday, the markets regulator relaxed rules for foreign portfolio investors (FPIs), category-II alternative investment funds (AIFs), and registered investment advisors (RIAs) and research analysts (RAs).

2 mins

Defence stocks: A chance under Trump 2.0

India's defence majors such as Ideaforge Technology Ltd and Hindustan Aeronautics Ltd (HAL) took a beating at the bourses during the recent market sell-off. But under US President Donald Trump's watch, these stocks hold potential for a strong comeback.

2 mins

Indira IVF Hospital Withdraws Draft Papers

Fertility clinic chain Indira IVF Hospital has withdrawn its draft IPO papers, which were filed through the confidential route, an update with markets regulator Sebi showed on Tuesday.

1 min

Bhel rides thermal revival, but must keep up with demand

Tall order

1 min

IndusInd set to name search firm to look for a new CEO

RBI has reportedly asked CEO, his deputy to step down as soon as replacements are found

2 mins

Vahdam raises ₹25 cr to boost expansion

Tea producer and café owner Vahdam Teas Pvt Ltd has raised ₹25 crore ($3 million) from Sidbi Venture Capital Ltd to shore up its cash reserves and boost global expansion.

1 min

Wipro GE Healthcare begins $1 billion expansion in India

Firm to make 70% medical devices locally, says too soon to speculate on impact of US tariffs

2 mins

Samsung Faces $601 Mn Fines

Govt has ordered Samsung, its executives to pay taxes for dodging tariffs on import of key telecoms equipment

2 mins

Zepto eyes $250 mn pre-IPO stake sale

Online grocer Zepto is in talks for stockholders to sell as much as $250 million of their equity, a move aimed at boosting ownership of Indian investors, as the startup seeks to go public later this year.

1 min

Boeing Is Pushing To Withdraw Guilty Plea Agreement

Boeing is seeking to withdraw an earlier agreement to plead guilty in a long-running criminal case that blamed the company for deceiving regulators before two deadly crashes of 737 MAX jets, according to people familiar with the matter.

3 mins

Samsung Electronics co-CEO dies, worsening tech giant's 'crisis' moment

The head of Samsung Electronics' smartphone and consumer electronics business died from cardiac arrest on Tuesday, jolting the South Korean technology giant during a business slide that leaders have called a crisis.

2 mins

Trade War Explodes Across World at Pace Not Seen in Decades

Proliferating tariffs engulfing U.S., China and their partners draw parallels to 1930s protectionist spiral

6 mins

BluPine secures ₹1,787 crore funding

BluPine Energy on Tuesday said it has secured ₹1,787 crore in funding from the National Bank for Financing Infrastructure and Development (NaBFID).

1 min

Russia, Ukraine to cease Black Sea ops

Russia and Ukraine agreed Tuesday to halt military strikes in the Black Sea and on energy sites during talks brokered by the US, which offered as a first concrete incentive to Moscow to ease pressure on agricultural exports.

1 min

China, India may meddle in election

China and India are likely to try to interfere in the Canadian general election on 28 April, while Russia and Pakistan have the potential to do so, the country's spy service said on Monday.

1 min

ArcelorMittal indicted in France

ArcelorMittal has been indicted for endangering the lives of others, forgery and environmental damages in connection to industrial pollution in the Fos-sur-Mer region, France, the Marseille public prosecutor's office told Reuters on Tuesday.

1 min

Air India announces change in its staff travel policy

Tata Air India on Monday announced a significant change to its staff travel policy, mandating that all employees, including top management and chief executive officer Campbell Wilson, will fly in confirmed economy seats during domestic work travel instead of the previously reserved business class seats.

1 min

₹1 tn budget for Delhi: focus on infra, sanitation, health

Education received the largest allocation (19.3%), followed by transport (12.95%).

1 min

Ola Electric unit settles dues

A unit of Ola Electric has settled dues worth ₹26.75 crore ($3.1 million) with vehicle registration agency Rosmerta Group, the companies said on Tuesday.

1 min

Don't force airlines to move to NMI

(IATA), an organisation representing airlines, expressed concern about Adani Airport Holdings Ltd (AAHL) using its position as the operator of the \"two airport system\" in Mumbai to forcibly move traffic to kickstart operations at the Navi Mumbai International Airport (NMI).

1 min

Fintech firm Findi raises ₹243 crore

Fintech company Findi Ltd has raised ₹243 crore in funding through an institutional placement and share purchase plan, according to a release on Tuesday.

1 min

FRC fines PwC over audit of Wyelands

UK watchdog fined PricewaterhouseCoopers LLP (PwC) and one of its accountants over their flawed audit of Sanjeev Gupta's Wyelands Bank following the collapse of the trade finance specialist Greensill Capital.

1 min

Shapoorji Pallonji appeals to Brazil

Shapoorji Pallonji Energy is appealing directly to the Brazilian government after state-run Petrobras cancelled a tender for construction of an oil production platform.

1 min

How Opinion Trading Is Wiping Out Fortunes

With a stock market-like thrill, opinion trading apps have turned many young users into addicts

9 mins

Credit card hack to optimize rewards on bulk payments

Credit card users can maximize reward points by using accelerated reward portals: here's how

3 mins

How should I allocate MF SIPs in current market conditions?

I'm 36, working in a private firm, and started investing in July 2024. My portfolio is valued at ₹17 lakh, and I invest ₹1.15 lakh per month through SIPs.

2 mins

Maximize Your Tax Savings With An HUF: A Smart Yet Underused Strategy

Families must consider long-term impacts, like ownership rights and partition issues

1 min

IndusInd case: Who is India's real lender of last resort?

Nudging PSBs to help shore up the liquidity of banks raises questions about RBI's regulatory playbook

3 mins

Sebi's New Approach to Watching Markets Will Reduce Distortions

Its latest risk-rule proposals are pragmatic but AI-driven surveillance in real time would be ideal

3 mins

The iPhone Must Think Anew to Salvage Apple Intelligence

Apple's AI offerings are too weak and it can't catch up on its own

3 mins

Young India sees consumption as an activity, not identity marker

The pursuit of material goods does not underpin this generation's aspirations. Peace and quietude make up its dreamscape

4 mins

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