Mint New Delhi - April 02, 2025

In this issue

April 02, 2025

Cloudy world casts shadow over IT Inc.'s year ahead

The Big Five of India's IT services may grow slower in the year ahead as Donald Trump's tariff war threatens to hurt their large clients in the US, multiple analysts said.

2 mins

Resurgent Power Ventures investors weigh stake sale

ICICI Venture and foreign investors who jointly own nearly three-fourths of Resurgent Power Ventures are planning to sell their stakes in the Tata Power-backed platform, two people aware of the development said.

2 mins

Stocks slump amid Trump tariff jitters

Tuesday was the worst day for the Indian markets since 28 Feb

2 mins

US flags 'Make in India' as trade barrier

One of the key concerns for the US remains India's high tariffs, particularly on agricultural products

2 mins

Net GST collection in March jumps 7.3% to ₹1.77 tn

Central and state governments collected ₹1.77 trillion in goods and services tax (GST) in March after adjusting for refunds, 7.3% more than receipts in the same time a year ago, official data showed.

1 min

China Willing to Buy More Indian Goods, Says Envoy

The two countries are taking steps to rebuild their ties after a 2020 border clash soured relations

1 min

New highway construction may have hit seven-year low in FY25

India's highway construction is expected to have slowed to a seven-year low of around 7,000km in FY25, as the government prioritized maintenance, strengthening projects, and complex infrastructure over rapid expansion, according to two people familiar with the matter.

1 min

Growth Outlook Resilient for FY26 But Trade Risks Loom

Sustained government spending and a potential revival in private investments back outlook

2 mins

M&A deals likely to surge in FY26 amid market volatility

Corporate cash reserves to fuel dealmaking, led by infrastructure, healthcare, energy sectors

2 mins

Infra.Market Backers Plan $30 Million Pre-IPO Stake Sale

The startup, valued at $2.7 billion in a January funding round, plans to list later this year amid India's infra boom

2 mins

Indian private markets poised for new era

India is seeing more domestic capital flow into private markets due to financialization of savings, growing entrepreneurship culture, and good returns, experts said at Mint India Investment Summit and Awards 2025 on Saturday.

1 min

Wellness co Kapiva eyes Series D funding

Ayurvedic wellness brand Kapiva plans to raise fresh equity funding, which may provide an exit to one of its early backers, at least two people in the know told VCCircle.

1 min

Centre probes Ola, Uber fare gap on Android, Apple OS

If proven, such pricing models may be classified as unfair trade practice under India's consumer protection laws

1 min

BYD's Q1 sales soar 58%, topping Tesla

China's BYD Co. enjoyed a strong start to 2025, with sales up 58% in the first quarter versus the same period last year.

1 min

RBI to focus on better service, protection

The Reserve Bank of India (RBI) will push for wider financial inclusion and enhancing customer service and protection, governor Sanjay Malhotra said on Tuesday.

1 min

Aditya Birla's paper biz sale amplifies focus on real estate

A breather The paper business sale is expected to reduce the pressure on ABREL's balance sheet.

1 min

One in every five derivative traders dabbles only in F&O

The data shows that 29.1 million individuals traded exclusively on the cash segment in the year through February 2025

2 mins

Will orders drive L&T re-rating?

Shot in the arm A robust tender pipeline of Gulf nations could give L&T's overseas order inflow prospects a fillip.

2 mins

Trump Spurs India-Dedicated Fund Flows

US flows fade, India gains

2 mins

Car Dealers Troubled by Low Demand as Inventory Builds

Automakers Offer Discounts as Inventory Surges From a Week in Jan to Up to 55 Days in Mar

2 mins

Ola Holds March Sales Figures; Says Will Clear Backlog in April

In March, Bajaj Auto Claimed the Top Spot in the Electric Two-Wheeler Market With 34,863 New Registrations

2 mins

Two-, three-wheeler cos get quarter of FY25 EV subsidies

The Union ministry of heavy industries spent ₹422 crore—about 27% of its FY25 allocation—towards subsidies for electric two- and three-wheelers under the Centre's flagship electric vehicle (EV) subsidy scheme this fiscal till February, a media statement from the heavy industries said on Tuesday.

1 min

Indian diaspora offers overseas growth opportunity for local OTTs

Indian viewers overseas prefer deeply rooted narratives, older Bollywood and regional language classic movies

2 mins

Piramal to get recovery from DHFL's fraudulent deals: SC

SC found that the distribution mechanism of the resolution plan did not violate any provisions of the RBI or NHB acts

2 mins

Deregulation Poised to Spur Growth as Fiscal Drag Eases

The government is capable of supporting growth and exceeding deficit targets, said Mishra

3 mins

Godfather beer co ready to launch premium craft gin

The maker of Godfather beer and GianChand single malt, DeVANS Modern Breweries Ltd, is preparing to enter the premium craft gin market even as it launches more premium single malt whiskies and ramp up its beer production.

1 min

Vi Starts Hunt for New CEO as Moondra's Term Nears End

Incumbent's 3-year term ends in Aug; Vi may consider CXOs from consumer and tech sectors

2 mins

Insolvency plea: NCLT issues notice to SP Group

The National Company Law Tribunal (NCLT)-Mumbai on Tuesday issued a notice to real estate giant Shapoorji Pallonji & Co. Pvt. Ltd (SPCPL), seeking its response to an insolvency plea over an alleged default of ₹2.72 crore.

1 min

Zuckerberg Tries to Enlist Trump in Fight Against Meta EU Ruling

Mark Zuckerberg was quick to jump on board with President Trump earlier this year. Now he is calling in a favor.

3 mins

The clock is ticking loudly for Intel's new boss

Investors have so far welcomed Tan, sending Intel's stock up 10% since his appointment in March

3 mins

Donald Trump Wants NATO To Spend More. Europe Pitches Redefining Defense To Get There.

U.S. call to spend 5% of GDP on militaries prompts talk of including more fields linked to modern warfare

4 mins

EU Has 'Strong Plan' To Tackle Trump Tariffs, Von Der Leyen Says

The European Union has a plan to counteract the swathe of tariffs U.S. President Trump is planning to impose on foreign goods, European Commission President Ursula von der Leyen said.

2 mins

Judge dismisses J&J unit's bankruptcy

A federal judge rejected Johnson & Johnson's (J&J's) third attempt to use bankruptcy to set up a multibillion-dollar trust fund to pay women who claim they got cancer using baby powder and other products allegedly tainted with a toxic substance.

1 min

AGS' CFO, two exec directors resign

TM services provider AGS Transact said on Tuesday that its chief financial officer (CFO) and two of its executive directors have resigned, weeks after all four of its independent directors stepped down, citing \"personal reasons.\"

1 min

Siemens Energy constitutes board

Siemens Energy India, an independent entity demerged from Siemens Ltd, said its board of directors will be chaired by Sunil Mathur, managing director (MD) and chief executive officer (CEO) of Siemens.

1 min

Gold surges ₹2,000 on strong demand

Gold prices surged ₹2,000, the steepest in nearly two months, to hit a fresh peak of ₹94,150 per 10 grams in the national capital on Tuesday amid persistent buying by stockists and jewellers, according to the All India Sarafa Association.

1 min

RBI wipes out record cash crunch

Indian banking liquidity turned to surplus for the first time in more than three months as aggressive fund injections by the central bank helped erase one of the worst-ever cash crunches in the financial system.

1 min

ICICI Bank to exit ICICI Merchant

ICICI Bank has said it plans to exit from its associate ICICI Merchant Services Pvt. Ltd by selling the entire 19% stake in the company.

1 min

Food delivery apps get 21k complaints

More than 21,000 consumer grievances against online food delivery apps have been registered with the food regulator Food Safety and Standards Authority of India (FSSAI) in the last five fiscal years.

1 min

OpenAI finalizes $40 billion funding at $300 billion valuation

OpenAI, the artificial intelligence (AI) company behind ChatGPT, said it has finalized a funding round that will bring in $40 billion from SoftBank Group Corp. and other investors at a $300 billion valuation, including money raised.

1 min

CAG flags telecom, IT ministry lapses

(CAG) has flagged serious lapses in the functioning of the ministry of communications and the ministry of electronics and information technology (Meity), raising concerns over revenue losses, weak oversight, and inefficient policy implementation in key projects.

1 min

Samsung Names Consumer Unit Chief

Samsung Electronics appointed its mobile chief Roh Tae-moon as acting head of its consumer and smartphone business on Tuesday, following the death of his predecessor, Han Jong-Hee, a week ago.

1 min

Govt to widen availability of meds at its generic drug stores

At present, 2,047 medicines and 300 surgical items are sold at Janaushadhi kendras

1 min

How Borrowers Can Save Big With Home Loan Overdrafts

Opting for OD over a regular home loan depends on surplus availability, financial discipline

4 mins

ART OF INVESTING IN EQUITIES: BUYING AT THE RIGHT TIME IS ONLY HALF THE STORY

Never try to predict market peaks & troughs and sell when a stock becomes overvalued

3 mins

Fast thinking instead of slow is the great enabler of digital fraud

Technology has short-circuited how we apply our minds—with baleful effects we need to be wary of

3 mins

Tamil Nadu's Call for Equitable Federalism Has a Basis

The 16th Finance Commission Has an Opportunity to Rebalance Centre-State Relations for India's Sake

3 mins

We must track trade turbulence amid a benign inflation scenario

India's monetary policymakers will need to calibrate their approach by the potential effects of America's new import tariffs

3 mins

Is Tina Fey's objection to 'side hustles' by wealthy folks valid?

Celebrities doing brand endorsements need not be a sign of greed

3 mins

The Global South must leverage DPI for climate action

Tech innovation offers ways to tackle today's climate crisis that are free of the rich world's whims

4 mins

This phone is all about the camera, but is that enough?

Xiaomi is aiming to play at the high end with this phone, which stands out for its camera but lacks software finesse

3 mins

This summer, stay cool and light up smartly

Fans and lights are no longer utilitarian products. These sleekly designed connected devices will give your home a smart makeover

2 mins

Read all stories from Mint New Delhi

Mint New Delhi Newspaper Description:

Mint New Delhi is your trusted source for business and finance related latest updates. Mint New Delhi brings you the latest business news, market insights, and economic trends straight from India’s capital. Stay updated with expert analysis on stock markets, corporate developments, RBI policies, fintech innovations, and government decisions shaping the economy. With in-depth reports and exclusive interviews, this newspaper is a must-read for professionals, investors, and business enthusiasts.

Subscribe to Mint New Delhi today and stay ahead in the world of finance.