Mint New Delhi - April 04, 2025

In this issue

April 04, 2025

Builders Take a Fancy to Names That Ring a Bell

In the sprawling suburbs of Bengaluru rises El Dorado, a city of gold in legends but now an upcoming township.

3 mins

The economics of RBI's Poonam Gupta

Poonam Gupta, the newly appointed deputy governor of the Reserve Bank of India, has less than a week to prepare for the three-day monetary policy committee meeting beginning Monday.

2 mins

New MSME definitions spell more business, bigger benefits

Micro, small, and medium enterprises have new definitions that promise to open doors wider for them starting this financial year as well as improve their chances of securing delayed payments faster.

1 min

Thailand, India for rules-based order in Indo-Pacific

India and Thailand on Thursday decided to elevate their relations to the level of a strategic partnership with Prime Minister Narendra Modi asserting that both the countries support a free, open, inclusive, and rules-based order in the Indo-Pacific, and believe in a policy of development, not expansionism.

1 min

Looking forward to intensifying ties with India

German ambassador Philipp Ackermann said his country will have a new government soon, but there will be a \"huge continuity\" when it comes to the political relationship with India and Berlin will continue its focus on New Delhi.

1 min

UPI transactions soar in FY25 but fall short of govt target

UPI payments are free of cost for users, with the Centre terming the platform a public good.

2 mins

Mental health cos bet on in-person therapy

Startups double down on brick-and-mortar centres as demand climbs

2 mins

IPOs back on radar: Equirus Cap's Shah

There has been a revival in the number of companies going public in India, said Bhavesh Shah, managing director and head of investment banking at Equirus Capital, at the Mint India Investment Summit.

1 min

Can India Dodge Trump's Tariff?

US President Donald Trump announced sweeping reciprocal tariffs on its trading partners on April 2, a move aimed at reducing dependence on foreign products amid the country's ballooning trade deficit.

2 mins

Hindalco ups the ante: More metal, stronger margins

Inching up Novelis has seen good growth in its Ebitda per tonne over the past decade and plans to improve it further to $600 in the long-run.

1 min

Will lower tariffs be a draw for FPIs?

Reversal of fortunes

1 min

NHPC eyes another ₹2,000 cr via asset securitization in FY26

NHPC Ltd is considering raising about ₹2,000 crore through the securitization of assets in the upcoming financial year, according to two people in the know, as the state-run hydropower major seeks to raise funds for expansion.

2 mins

Digital Lender Kissht Prepares for $225 Mn IPO

Kissht, an online lending platform, is preparing to tap the capital markets with an initial public offering (IPO) and has hired investment bankers for the process, two people aware of the development told Mint.

2 mins

Behaviour beats algos: BFAM's Chandan

When Nobel Prize-winning physicists stumble in the stock market and legendary investors outsmart mathematical models, this tells you investing is more than just understanding numbers.

1 min

Lava eyes expansion before taking on foreign rivals

The executive director at Lava did not disclose the valuation for its current funding effort

2 mins

Status quo on critical minerals, but race won't ease for India

China refines 68% of the world's cobalt, 65% of nickel, and 60% of lithium of the grade needed for EV batteries

2 mins

Med devices supply chains could be hit

Indian medical device makers are staring at a major trade setback after the US administration slapped a steep 27% tariff on exports from India.

1 min

India braces for economic ripples as US imposes tariffs

India's challenge is managing immediate disruptions while positioning for long-term gains

3 mins

India May Have An Edge Over China, Vietnam In Solar Parts Exports

India's solar module exports accounted for 4.7% of US solar imports in Q1 of 2024, data from CEEW showed

2 mins

Shakedown in sight for engineering goods, electronics

Donald Trump's sweeping reciprocal tariffs threaten to disrupt Indian exports in key sectors like engineering and electronic goods, potentially reshaping supply chains and shrinking export revenue as businesses brace for impact.

2 mins

Export of jewellery and gems set to face tariff grind-down

Cut and polished diamonds accounted for 57% of India's total gems and jewellery exports to the US in FY24

2 mins

Industry Divided Over Hit on India's Electronics Manufacturing Hub Goal

Analysts Believe Trump's Tariffs Will Lead to Talks Globally With the US, Which May or May Not Disrupt the Current Status

3 mins

Petroleum product exports to the US may be impacted

As the US has announced an additional 27% tariff on imports from India, petroleum products exports to the country are set to witness a major impact going ahead, said sector experts.

1 min

Pharma Sector Stays Under the Radar in Relief for India; May Blip Later

India's pharmaceuticals sector, among the domestic industries most dependent on trade with the US, for now appears to have dodged the heavy reciprocal tariffs US President Donald Trump announced on April 2.

3 mins

Indian equities, currency, bonds stable amid global spin

It's possible that the impact of tariffs was already priced in, leading to a softer market reaction

3 mins

Scramble to Tie Up Trade Treaty as US Unleashes Tariffs

India Will Face an Import Duty of 27% in the US, Slightly Lower Than Its Key Trade Competitors Such as China

1 min

Shrimp, meat, agri exporters will lose pricing edge to rivals

As per Global Trade Research Initiative report, the hardest-hit segment will be fish, processed seafood, meat

2 mins

No new shocks for Indian steel, aluminium, auto companies

The tariff on auto parts will weigh on Indian suppliers' margins as US car firms cannot pass the entire cost hike to customers

2 mins

Trump's sweeping tariffs fail basic test of careful analysis

Rates have been calculated using a simple formula for a metric unrelated to tariffs

3 mins

Indian toy makers eye export boost as rivals face more levies

A global shake-up in the toy trade is underway, and India may have just been dealt an unexpected advantage.

1 min

Advantage, textiles and leather

The universal and reciprocal tariffs that US President Donald Trump announced on 2 April has put Indian textile and leather sectors at a relative advantage over their peers.

1 min

Indians Will Spend $410 Bn on Travel; We Will Be Part Of It

Dusit Intl Is Re-Entering India With A Focus On Tier-II And -III Cities, Targeting 3,000 Rooms In Three Years

1 min

BMW triples EV sales in India

Despite overall auto industry scepticism over EV adoption, BMW sees strong demand from urban centres

2 mins

Quick commerce unlocking new sales layers for consumer brands

Direct-to-consumer online brands should consider venturing into offline retail as soon as they hit the ₹100-crore mark to prevent stagnation of revenues and open up sales channels, said Swati Kulkarni, director at early-stage venture capital firm Fireside Ventures.

2 mins

How North Korea Cheated Its Way to Crypto Billions

It has swiped more than $6 billion in cryptocurrency over the past decade

5 mins

Zuckerberg lobbies Trump to avoid Meta antitrust trial

Mark Zuckerberg is lobbying President Trump and White House officials to agree to a settlement that would prevent Meta Platforms from facing an antitrust trial later this month, according to people familiar with the matter.

4 mins

Fed up with situationships, Gen Z is ready to commit

For some, the shift away from traditional relationships has been a positive choice

4 mins

Sebi exempts govt from Vi open offer citing public interest

This follows govt's acquisition of a significant stake in the indebted telecom operator

1 min

Ola Starts Same-Day Delivery of Vehicles

Ola Electric on Thursday said it has commenced an initiative for same-day registration and delivery of vehicles.

1 min

NCLT dismisses plea against Zomato

(NCLT) Delhi on Thursday dismissed an insolvency plea filed against food delivery giant Zomato by uniform supplier Nona Lifestyle over an alleged payment default of ₹1.64 crore.

1 min

Tech key to become $7 tn economy

As India looks to become a $7 trillion economy by 2030, the tech sector is poised to play a pivotal role by contributing about $1 trillion to India's GDP (gross domestic product), driving innovation that solves both domestic and global problems, Nasscom president Rajesh Nambiar said on Thursday.

1 min

Holcim merger: HC notice for Ambuja

The Delhi high court has issued a notice to Adani Group's Ambuja Cements on a plea by the Delhi stamp duty department, which seeks to recover ₹218.87 crore in stamp duty and ₹69 crore in penalties for its merger with Holcim (India) Pvt. Ltd.

1 min

ONGC Secures Loan From Bank of India

Oil and Natural Gas Corp. (ONGC), the largest crude oil and gas company in India, has secured a $200 million loan from Bank of India, said Rajneesh Karnatak, the bank's chief executive and managing director, responding to a Bloomberg query.

1 min

Piyush Goyal Urges Startups to Focus on High-Tech Sectors

Commerce and industry minister Piyush Goyal on Thursday asked the Indian startup community to shift their focus from grocery delivery and ice cream making to high-tech sectors like semiconductor, machine learning, robotics and artificial intelligence (AI).

1 min

Indian defence firm, Israeli co sign MoU

An Indian defence firm has signed a memorandum of understanding (MoU) with an Israeli company to bring advanced drone camera technology to the country, officials said on Thursday.

1 min

Tonbo Imaging gets ₹175 cr in Series-D

Defence technology startup Tonbo Imaging on Thursday said it has secured ₹175 crore in its Series D pre-initial public offering (IPO) funding round from Florintree Advisors, Tenacity Ventures and the Export-Import Bank of India.

1 min

Dabur Sees Decline in Q4 Revenue

Home-grown fast-moving consumer goods (FMCG) major Dabur expects its revenue to decline in the March quarter, impacted by slowdown in urban markets and a contraction of 150-175 basis points in operating profit margin due to inflation.

1 min

Marico Sees Uptick in Volume in Q4

Marico has witnessed a sequential uptick in volume with an improvement in market shares across its key franchises during January-March quarter of FY25, but the firm expects a contraction in gross margins due to high copra and vegetable oil prices, the home-grown fast-moving consumer goods (FMCG) firm said in a quarterly update on Thursday.

1 min

The New Challenge: Saving Pepsi From Decline

After its cola dropped to No. 3, PepsiCo is trying to win back soda drinkers; 'maybe we lost the focus'

8 mins

PPFAS Counters Mis-selling With a Client-First Approach

Parag Parikh Financial Advisory Services (PPFAS) Ltd's flagship flexi-cap scheme has a cult following in the mutual fund space. After all, it has generated a compound annual growth rate (CAGR) of 18% since its launch in 2013.

3 mins

DTAA claims flagged? Updating Form IOF may resolve tax issues

My relative gifted me funds in my NRO account from hers. Do I need a CA certificate to transfer it abroad?

2 mins

EPFO Eases Claims Process by Scrapping Two Rules

EPFO Removes Need for Cheque and Passbook, as Well as Employer Approval for Linking Bank Accounts to UAN

1 min

NEW TDS RULE ON PARTNER PAYMENTS RAISES SIGNIFICANT COMPLIANCE CONCERNS

Partners may face excess TDS deductions, leading to blocked funds & refund claims

3 mins

Sebi Should Review Market Infrastructure Institutions

The Indian capital market's regulatory regime has seen fast-paced reforms in areas of operational-risk management such as contract settlement cycles, public offer processes, and so on.

3 mins

Shock-and-awe tariffs: Too faint a silver lining

Trump's 'Liberation Day' tariff thwack will ravage world trade and harm America. India's economy may get hit less than peers, but as goods export prospects dim, we need trade buffers

2 mins

Our Mop-Up of Direct Taxes Is a Clear Sign of Economic Strength

Better tax administration and compliance played a role, but let's thank the economy's momentum

3 mins

A thank-you note for tough bosses who went unloved

In the middle of a hectic news cycle, I once managed to get about six byline credits in the newspaper I worked for.

4 mins

Trump's Tariffs Are a Wake-Up Call for India: Go for Reforms

India's best bet is to revive liberalization and forge new trade ties

3 mins

A spacious car that's also fun and efficient

Japanese carmaker Toyota's latest Camry is more than just a boring, practical car. It's edgier, spacious and offers the latest tech

3 mins

Inside the world's most complicated wristwatch

It took eight years to conceive and build the Solaria, a double-sided timepiece by Vacheron Constantin

3 mins

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