Mint New Delhi - April 03, 2025

In this issue

April 03, 2025

Macrotech accuses Abhinandan co of forgery

The Lodha versus battle rekindled on Wednesday, with Abhishek Lodha-led Macrotech Developers Ltd accusing entities owned by younger brother Abhinandan of forging documents to gain access to the prized brand name.

2 mins

Wockhardt to pull plug on US generics biz, push antibiotics

Wockhardt Ltd that built its name as a maker of generic drugs is shifting its focus in the US market to developing new antibiotics, turning away from generics and entering a space largely vacated by Big Pharma in recent years.

4 mins

India will hold off on tariff measures

Despite any US tariffs, India to tweak them only in trade deal

2 mins

Centre, Delhi to ink agreement on PMJAY

The National Health Authority will sign a deal with the Delhi government on 5 April to extend the Centre's free health insurance scheme to more than 654,000 families in the Union territory.

1 min

Good progress in FTA talks

India and the European Union (EU) have made \"good progress\" on some aspects of talks for a free trade agreement (FTA) that both sides want to conclude by the year-end, with US threats of tariffs strengthening the rationale for it, EU ambassador Hervé Delphin said.

1 min

Lok Sabha Clears With Changes An Amended Banking Laws Bill

The Lok Sabha on Wednesday cleared the Banking Laws (Amendment) Bill, 2024, which aims to strengthen governance standards in the sector and ensure better protection for depositors and investors.

1 min

Farm output growth of over 4% is the new normal: Niti Aayog's Chand

A growth of more than 4% in farm output, which now accounts for 18% of the country's economy, is the new normal, sustaining long-term low food inflation, Niti Aayog member Ramesh Chand said in an interview.

2 mins

Rlys to run more coal rakes to avert summer power crisis

Average number of rakes deployed is expected to rise to 470 a day from 440 rakes last year

2 mins

SBI seeks fintech partners to help customers print own debit cards

India's largest lender State Bank of India (SBI) is scouting for fintechs that can help it gain an edge over competitors with debit card solutions, including an option for customers to print their own cards at kiosks.

1 min

Mfg PMI rebounds, risks persist

After falling to a 14-month low of 56.3 in February, the seasonally adjusted HSBC India Manufacturing PMI rebounded to 58.1 in March, marking its highest level in eight months.

2 mins

Green bonds to get another shot, govt plans to raise target

While developed markets achieve a greenium of 3-8 basis points over conventional bonds, in India it's limited to 2-3 bps

2 mins

V-Mart exits FY25 in style, but competition threat lingers

Investors in V-Mart Retail Ltd appear thrilled with its business update for the March quarter (Q4FY25) and are likely expecting another good year.

1 min

Culture most vital aspect of how you run a GCC: Tesco's Mitra

We created a service model framework to streamline 700 Tesco processes to 10 Sumit Mitra CEO, Tesco Business Solutions

2 mins

Tatas get semicon veteran Ang to lead Dholera chip fab

Ang, with nearly three decades of work experience, will head the group's chip manufacturing business

1 min

Startups Look Overseas as AI Reshapes Global Insurance

Facing more competition, startups are expanding into West Asia, Southeast Asia, and Europe.

2 mins

AI firms' flexible workspace demand rises

Flexible workspace providers are seeing higher demand for office space from artificial intelligence companies and AI-first businesses, with a bulk of the leasing happening in Bengaluru, Pune, and Hyderabad.

1 min

Kotak Eyes $2 Billion for New Private Credit Fund

Kotak Alternate Asset Managers Ltd aims to raise up to $2 billion for a new private credit fund to tap the growing demand for such products in India, according to its chief executive officer (CEO).

1 min

Beams Fintech Fund backs Infinity

Beams Fintech Fund, a growth-stage private equity firm that invests in financial services and financial technology companies, said Wednesday it has invested in non-bank lender Infinity Fincorp Solutions Pvt Ltd.

1 min

Creditors seize pledged small-, mid-cap shares as prices fall

A stock price plunge and, in some cases, a cash crunch has prompted creditors to take control of shares pledged by promoters of at least 15 small-cap companies over the past six months.

2 mins

Alternative Dispute Resolution Suffering

The state remains the biggest litigant and often resists arbitration-based resolutions, the legal experts said

2 mins

TCS, KLA, Applied among 35 firms eyeing SCL Mohali rejig

The companies are expected to submit their bids by 16 April for the ₹4,000 crore contract

2 mins

RBI's New Deputy Gov Gupta Seen as Dovish on Interest Rate

India's appointment of Poonam Gupta, a former World Bank economist who has advocated for lower interest rates in the past, boosts the case for monetary policy easing in Asia's third-largest economy, analysts said.

1 min

Weikfield plans expansion, eyes IPO in 3 yrs

The company may turn to acquisitions to expedite growth in the ready-to-eat segment

1 min

My investments must have a personal story

It is inevitable to burn your fingers a few times, said Abhishek Bachchan

3 mins

IPL recession-proof for fast food chains

Consumers continue to order in while watching the Indian Premier League (IPL) matches, and fast food chains continue to see year-on-year growth during the IPL season.

2 mins

Investors bet clarity on tariffs will bring stability to markets

Stocks' calm this week shows investors continue to bet that clarity on trade will bring stability to markets.

3 mins

Brazil Looks Like a Winner in the Global Trade War

Exporters bank on higher Chinese demand as Latin American power looks for new trade opportunities

4 mins

Tesla sales drop to lowest since 2022 amid Musk backlash

Demonstrations have picked up in recent weeks in response to Elon Musk asserting himself in support of far-right causes

2 mins

Visa offers roughly $100 mn to take over Apple's credit card

The network that locks in this deal is expecting to stay close to the tech giant's future payments efforts

2 mins

Higher Max Temperatures to Hit Farm Costs, But Not Sowing

IMD warns of hotter-than-usual summer in most parts of the country this year

1 min

India produces 1,681 locos in FY25

India has emerged as a global leader in railway locomotive manufacturing, achieving a record production of 1,681 locomotives in the fiscal year 2024-25, the ministry of railways said in a statement.

1 min

Vedanta seeks global partner

Indian metals-to-oil conglomerate Vedanta is looking for a global company to partner with on expansion projects worth $20 billion across zinc, aluminium, copper, iron, steel, oil, gas and power, as per a tender document.

1 min

MSME credit surges threefold in a decade: Report

India's micro, small and medium enterprises (MSMEs) are witnessing a significant surge in credit availability, with lending to the sector more than tripling in the past decade, State Bank of India (SBI) Research said in a report on Wednesday.

1 min

Air India's 737 Max windfall nears end

Air India Ltd.'s windfall of 737 Max jets amid a broader shortage of new planes is coming to an end.

1 min

Markets rebound ahead of US tariffs

Stock markets rebounded on Wednesday with benchmark Sensex closing higher by nearly 593 points on strong macro data and value buying in banking and auto shares after recent free fall, even as investors awaited US tariff announcements that are expected later in the day.

1 min

NSDL gets nod to extend IPO launch

Capital markets regulator Securities and Exchange Board of India (Sebi) has granted an extension for the listing of National Securities Depository Ltd (NSDL) shares until 31 July 2025, the depository announced.

1 min

Amul's revenue rises 11% in FY25

Gujarat Co-operative Milk Marketing Federation Ltd (GCMMF), which sells dairy products under the 'Amul' brand, recorded an 11% rise in its revenue ₹65,911 crore for the last fiscal, mainly driven by an increase in volumes across all categories, its managing director Jayen Mehta said.

1 min

Bharat Forge says it exported 100 guns

Bharat Forge chairman Baba Kalyani on Wednesday said that the company has supplied 100 guns, including 18 Advanced Towed Artillery Guns (ATAGs), to several countries, including those in Europe.

1 min

Maruti to hike car prices from 8 April

The country's largest carmaker Maruti Suzuki India on Wednesday said it will increase prices of various models by ₹2,500-62,000, from 8 April.

1 min

Reliance, BLAST to form joint venture

Reliance's wholly-owned subsidiary RISE Worldwide has entered a partnership with BLAST Esports to form a joint venture (JV) to conduct esports business in India, according to a joint statement.

1 min

Meet the Bookkeeper to India's MSMEs

Tally Solutions' accounting software is used by one in every four MSMEs. Now, it is gearing up for the AI age

8 mins

How you can withdraw a part of your funds from EPF

Members are allowed to withdraw part of their funds for marriage, education or illness

3 mins

What are tax-efficient alternatives to liquid funds?

I am a 62-year-old investor with moderate risk tolerance and a large portfolio of stocks and equity mutual funds. I invested ₹30 lakh in HDFC, Axis and ICICI Prudential asset management companies' liquid funds in April 2023.

1 min

THESE TAX-EFFICIENT FUNDS MAY BE JUST RIGHT FOR YOU AS INTEREST RATES EASE

Income plus arbitrage funds capitalize on opportunities across debt and equity arbitrage

3 mins

India has a basic consensus today on school education

A remarkable convergence of views on this elementary matter makes space for optimism

4 mins

Leap from cost competitiveness to innovation-led manufacturing

India can turn its low-cost production base into a technology-driven industrial force of high value

3 mins

Sebi's regulatory philosophy and reforms: Well begun is half done

Observers of India's securities market and its participants have reason to feel reassured by chairman Pandey's statements

4 mins

American exceptionalism: Is it finally staring at its sunset?

America thrives on risk and opportunity but even that can change

3 mins

Social media ad targeting could face a mass rebellion

Platforms must change their ways—just as the tobacco and fast-food industries found they had to

3 mins

A show about finding a home in the world

A multidisciplinary exhibition looks at the idea of home through varied lenses

2 mins

The Man Who Created Nike's Air Jordan

Sonny Vaccaro led a colourful life, working as a conduit between the sport's biggest talents and businesses

3 mins

A festival that celebrates filmmaking around puppetry

The second edition of PuppetOscope explores the niche form of puppet films, a precursor to modern animation

3 mins

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