Mint New Delhi - April 09, 2025

In this issue

April 09, 2025

India May Ease Up on Import Quality Rules That Riled US

India is considering tweaking some of the import quality rules that the US has flagged as major non-tariff barriers as New Delhi negotiates a trade deal with Washington to lower 26% reciprocal tariffs, according to two people familiar with the matter.

3 mins

Investors Eye Pvt Deals, M&As as IPO Mood Sours

Startup investors are turning to mergers and acquisitions (M&As) and offering their shares to new incoming investors, as severe market turbulence dashes their dreams of cashing out through initial public offerings (IPOs).

3 mins

Apple Plans to Source More iPhones From India as Tariff Fix

Apple plans to send more iPhones to the U.S. from India to offset the high cost of China tariffs, people familiar with the matter said.

2 mins

Stocks surge 2% in relief rally, but market may remain choppy

Bounce back All sectors wrapped up Tuesday's session on a positive note on NSE.

2 mins

Foreign Shipyards Look to Dock at Indian Shores

Hyundai, Mitsui, Hanwha on prowl; Cochin Shipyard may be first to ink deal

4 mins

Private bank hiring may cool as fewer leave jobs

India's top private sector banks expect the trend of slowing attrition from FY24 to spill over to the just-concluded fiscal (FY25), which could also mean slower hiring in the current financial year as fewer fresh positions open up for new talent.

2 mins

Normal Monsoon Likely in Farm Boost: Skymet

India is expected to experience a normal monsoon this year from June to September, private forecaster Skymet Weather said on Tuesday, suggesting potential benefits to agricultural output, rural demand and overall economic growth.

1 min

Amid Tariffs, India Domestic Demand a Big Magnet: FM

Finance Minister Nirmala Sitharaman said on Tuesday the resilience of the economy and the strength of domestic demand will continue to make India an engine of growth amid the rapidly evolving global trade landscape as a result of US tariffs.

1 min

Pharmacy Colleges Found Faking Principal, Faculty Appointments

Some pharmacy colleges are refusing to cooperate with government inspectors and even putting up \"dummy principals and faculty\" during digital inspections, alarming the Pharmacy Council of India (PCI) into threatening these institutions with criminal proceedings.

1 min

Highways identified for e-trucks, buses

Under the PM E-Drive scheme, the Centre had decided to spend ₹500 crore to subsidize e-trucks in FY25 and FY26

2 mins

China Vows 'Fight to the End' on Tariffs as it Boosts Markets

Rebuke came after Trump threatened to ratchet up tariffs on US imports from No. 2 economy

2 mins

Magnum dials Pune for ₹900 cr global hub

The Netherlands-headquartered Magnum Ice Cream Co., Unilever Plc's recently demerged ice cream business, is set to open its first global capability centre (GCC) in Pune, with an investment of ₹900 crore.

1 min

India's AI profile rises, but gaps remain, finds Stanford study

Despite progress, India made up only 9.2% of global AI research in 2023, trailing China (23.2%) and Europe (15.2%)

2 mins

JJG Aero seeks fresh fundraise

Aerospace components manufacturer JJG Aero Pvt. Ltd is looking to raise a new round of institutional funding almost a year after its last fundraising effort, at least two people familiar with the development told VCCircle.

1 min

Apple's Satcom Partner Eyes India, Applies to IN-SPACE

Globalstar allows iPhone users to send emergency messages, share locations in off-grid areas

2 mins

All eyes on IT growth guidance

Fading hopes

2 mins

Soft Yuan pushes Rupee to 2-week low

The rupee fell to a more than two-week low on Tuesday, weighed down by a weaker yuan and corporate hedging demand, while forward premiums eased on rising US bond yields.

1 min

BoB's balance sheet expands, but will investor interest grow?

Bank of Baroda's (BoB) business update for FY25 on balance sheet parameters largely epitomises the problems faced by the banking sector in terms of domestic deposit mobilisation even as growth of advances remains strong.

1 min

China Lets Yuan Weaken Past Key Level in Potential Exports Boost

China eased its tight grip on the yuan by weakening its daily reference rate past the keenly-watched 7.20 per dollar level amid the dramatically escalating trade war with the U.S.

2 mins

Stocks recover, but volatility persists

Fear factor

2 mins

TV, OTTs Brace for Temporary 20% Dip in Viewership Amid IPL Frenzy

Broadcast and streaming platforms are bracing for a customary drop in viewership during the Indian Premier League season.

2 mins

Tech Mahindra bets on GCCs, consulting to drive growth

The consulting unit will run across verticals with support from its artificial intelligence and delivery teams

2 mins

Creators Take First Step to Self-Regulate

Indian Influencer Governance Council Launches a Voluntary Self-Regulatory Code for All Content Creators

2 mins

Shriram Fin eyes license for primary dealership

Shriram Finance Ltd, one of the largest shadow lenders in India, is seeking to join a select group of entities which underwrite government debt, according to people familiar with the matter.

1 min

Apollo Hospitals Will Invest ₹6,000 Cr To Add 3,500 Beds

Rise in cancer, diabetes cases prompts Apollo to expand hospital network across urban India

2 mins

Godrej Properties' FY25 home sales jump to record ₹29,444 cr

Godrej Properties Ltd sold more than 15,000 homes worth a combined ₹29,444 crore in 2024-25, the highest ever by an Indian real estate firm in a year, as top listed developers continued to generate high-velocity sales.

1 min

Govt to Offer Incentives for Up to 25% Electronics Parts

ECMS will start accepting applications from industry stakeholders within three weeks

3 mins

IHG Plans to Bring More Luxury Hotel Brands to India

IHG Hotels & Resorts sees significant potential in expanding its luxury portfolio in India—though not through its existing brand Six Senses, which will not see additional growth for now.

2 mins

Chief Executives Break Silence on Trump Trade War

Business leaders have avoided voicing concerns about tariffs for weeks but some are getting vocal

3 mins

Canada's Economy Is Starting To Crack Under Trade-War Pressure

Canada's economy was already stumbling a few months ago. Now, it is on the brink of recession because of President Trump's tariffs.

3 mins

A Leadership Crisis Is Compounding the Decline of the Palestinian Cause

No fresh alternative has emerged to the increasingly unpopular duopoly of Hamas and Fatah

5 mins

The false tariff headline that sent stocks on a $2 trillion ride

A wild stock-market swing based on false information added $2.4 trillion in value and erased it almost as quickly Monday morning.

3 mins

Elon Musk's DOGE Using AI to Snoop on US Federal Workers

Trump administration officials have told some US government employees that Elon Musk's Department of Government Efficiency (DOGE) team of technologists is using artificial intelligence (AI) to surveil at least one federal agency's communications for hostility to President Donald Trump and his agenda, said two people with knowledge of the matter.

1 min

Ola: Feb Sales Show Genuine Demand

Ola Electric Mobility on Tuesday clarified that its February sales represent genuine customer demand and not \"token-amount bookings\".

1 min

NCLAT Clears Action on Ex-IL&FS Chiefs

The National Company Law Appellate Tribunal (NCLAT) has allowed state-owned Canara Bank and Indian Bank to pursue proceedings against former Infrastructure Leasing & Financial Services (IL&FS) directors, who are not part of the new board, to declare them as wilful defaulters.

1 min

Haldiram's Delhi, Nagpur units merge

The process of merging Haldiram's Nagpur and Delhi branches to form Haldiram Snacks Food Pvt. Ltd has been completed, informed its chief executive officer Krishan Kumar Chutani on the social media platform LinkedIn.

1 min

Buffett's 2025 wealth gains stand out amid billionaire wipeout

Among the world's richest people, Warren Buffett is among the rare few whose personal fortunes have grown this year after President Donald Trump's tariffs triggered a selloff that erased trillions of dollars of value from global equities.

1 min

Nuvoco seeks pvt loan for takeover

Nuvoco Vistas Corp. Ltd, among India's largest cement makers, is seeking a private loan of about $140 million to back its purchase of rival, Vadraj Cement Ltd, according to people familiar with the matter.

1 min

Tata Motors Global Wholesales Slip 3%

Tata Motors on Tuesday reported a 3% decline in its group global wholesales, including Jaguar Land Rover, at 366,177 units in the fourth quarter of 2024-25 as compared to the year-ago period.

1 min

Court rejects India's extradition plea

The High Court in London on Tuesday refused the government of India's application seeking permission to appeal in Britain's Supreme Court against the discharge of Sanjay Bhandari, the defence sector consultant wanted in Delhi to face charges of alleged tax evasion and money laundering.

1 min

MIKA Is Now Among Elite Karting Circuits

(MIKA) in Sriperumbudur has received the CIK-FIA Grade-1 certification, thus placing the facility among the elite karting circuits in the world.

1 min

Alcatel gears up for India return

French technology brand Alcatel has earmarked an initial investment of $30 million, about ₹260 crore, as it gears up to re-enter India's mobile phone market after seven years with plans to sell locally-made smartphones, a senior official of the firm said.

1 min

E-COMMERCE: INSIDE THE GREAT 5-STAR REVIEW CON

Many of those glowing reviews are fake, written to manipulate you into buying. A Mint investigation.

9 mins

Credit score up? Home loan rates won't drop till you ask

Pay EMIs on time to boost your credit score, renegotiate for better loan terms with your bank

5 mins

GOAL-BASED INVESTING AMID MARKET VOLATILITY IS KEY TO FINANCIAL SUCCESS

Use downturns to realign your portfolios with long-term goals, avoid emotional decisions

2 mins

Trump's Tariffs Will Only Steepen the Slide of America's Economy

These will protect inefficiency and set the US back. A wise tax policy could have been used instead

3 mins

India must reform its process for the removal of judges

We could set up a judicial service commission to appoint and oust judges with Parliamentary approval

3 mins

Time is ticking away for a deal on TikTok's survival in the US

The US complicated matters by turning it into a bargaining chip

3 mins

The Waqf Act: An opportunity to overcome socio-economic gaps

The new law makes space to unlock the potential of community-held assets by deploying them for the upliftment of Muslims

3 mins

Consistency Is A Clear Virtue, At Least For The Time Being

Apple's Latest iPad Is A Lightweight Competitor Among Productivity Devices, But Can It Stack Up Against Laptops?

4 mins

Artists Battle AI With Tech to Protect Ideas

In other AI news this week, Sam Altman changes his views on India's AI strategy

1 min

You need to back up your data. Here's how

Data is invaluable and protecting it is crucial. Here's a guide to the best practices for creating a reliable backup strategy, including the 3-2-1 rule

4 mins

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