Mint New Delhi - April 10, 2025

In this issue

April 10, 2025

Why China thinks it might win a trade war with Trump

The trade war is escalating, and fast. On April 8th Chinese officials vowed to \"fight to the end\" in the face of new threats from Donald Trump, made just hours earlier, having already promised to match American tariffs of 34%.

3 mins

US halts tariffs for 90 days after China, EU strike back

US stocks jumped the most since March 2020 and short-term Treasuries tumbled after President Donald Trump paused the highest tariffs on countries that have not retaliated, a group that excludes China.

3 mins

RBI cuts repo by 25bps as tariffs cloud growth view

MPC cuts growth, inflation forecasts by 20 bps, shifts stance to accommodation

3 mins

Pharma Turns to Home Remedy as Tariff Pain Looms

When the world reeled under President Trump's reciprocal tariff announcement on 3 April, the Indian pharmaceutical industry was relieved as it escaped the initial round of sweeping levies.

3 mins

Govt Kicks Off Hunt for New Markets to Shield Key Exports

The central government has stepped in to work with export bodies to identify new markets and limit disruptions to outbound shipments for sectors vulnerable to US tariffs such as gems and jewellery and marine products, according to two people familiar with the matter.

3 mins

Local push may double India's electronics exports by 2030

India's electronics exports could more than double to $50 billion per year by 2030 as part of the country's efforts to take a high seat in the global supply chain, according to three senior industry executives who regularly consult the ministry on the electronics sector.

3 mins

India halts transit for Bangladesh exports

India has withdrawn a key transit facility that allowed Bangladesh to move export cargo through Indian territory to third countries, amid heightened global trade friction following US President Donald Trump's reciprocal tariffs announcement on 2 April.

1 min

RBI Gives Support for Growth in Choppy Waters

Even RBI's own estimates show growth is expected to pick up in FY27 to 6.7%

3 mins

RBI Wants Loans Taken Against Gold Jewellery To Be Classified On End-Use

The Reserve Bank of India (RBI) on Wednesday issued a draft circular proposing measures to strengthen norms for loans given against gold ornaments and jewellery.

2 mins

RBI never wastes a good crisis, learning

The Reserve Bank of India (RBI) will deal appropriately with those accountable if it finds there were lapses leading to what it calls \"episodes\" in the financial services sector, deputy governor Swaminathan J. said on Wednesday.

1 min

India better placed to handle US tariffs

Most of the forecasts now for the global GDP growth rate have come down by at least 20-30 basis points

2 mins

Unemployment Inches Up in 2024, Women Workers Drop

Female unemployment rate in urban areas fell to 6.7%, while in rural regions it rose to 2.1%

2 mins

KreditBee to merge entities ahead of IPO

The lending startup has paid around $100 mn in tax to flip back to India

2 mins

EQT, Temasek exit as JSW Neo buys O2 Power for ₹12,468 cr

JSW Neo Energy Ltd, a wholly-owned subsidiary of JSW Energy Ltd, has completed the acquisition of renewable energy platform O2 Power for an enterprise value of around ₹12,468 crore.

1 min

Niyo's chief strategy officer steps down

Niyo Solutions Inc's chief strategy officer Swapnil Bhaskar is set to step down next week, three people familiar with the matter said.

1 min

More VCs Back Indian Startups in Q1 2025

Strong Start

2 mins

Sebi panel for conflict norms for its officials

The market regulator has set up a committee to review and strengthen the regulations governing conflict of interest and disclosures by members and officials of the Securities and Exchange Board of India (Sebi).

1 min

Centre cites record dividends urging MFs to back PSUs

PSUs delivered a record ₹1.5 tn in dividends in FY25, while the government aims ₹69,000 cr in FY26

2 mins

IOC gains most from LPG hike

Hoping for respite

2 mins

Sobha's new markets to decide fate after FY25 disappoints

On shaky ground

2 mins

Tata Steel to cut 1,600 jobs at Dutch unit to save €500 mn in costs

Tata Steel's Netherlands business reported revenues of €3.9 billion in the first nine months of FY25

2 mins

Accor, InterGlobe Reshape Alliance, Bring in Treebo

The new business aims to have 300 hotels under Accor's brands by 2030, to be developed by Treebo

2 mins

In US-China trade war, Indian tyre makers could take a hit

Indian firms will face higher competition as China, other countries divert a share of exports

3 mins

BlackRock Picks Up Nearly a Third of Adani's $1 Billion Bonds

BlackRock's Vote of Confidence Comes Amid Litigation in the US Against the Group Promoters Over Alleged Bribery

2 mins

Airbus Set to Boost India Sourcing to $2 Billion by '30

European planemaker Airbus will increase its sourcing from India to $2 billion before 2030, bolstering the country's manufacturing ambitions through a new partnership with Mahindra Aerostructures to produce H130 helicopter fuselages.

1 min

Brand-influencer Disputes Draw New Lines for Creators

The Delhi High Court's order seeking removal of allegedly defamatory content about Dettol by one of India's top social media influencers marks another push-back by brands, creating precedent around how far creators can go, according to experts.

1 min

PVR Inox to Serve Liquor Across More Luxury Properties

Drinks will be served in lounges, not inside the auditoriums, at high-end formats such as Director's Cut, Maison Inox

1 min

Retailers wary as stock rout could hit consumer outlook

Consumer firms warn market losses may push consumers to curb discretionary purchases

3 mins

China Has Readied a Trade-War Arsenal That Takes Aim at US Companies

In the years since President Trump's first trade war with China, Beijing has built an arsenal of tools to hit the U.S. where it hurts. Now, it is getting ready to deploy them in full.

5 mins

When does a market dive hit the rest of the economy?

A falling stock price can also be a signal to a company's leaders that it is time for it to tighten its belt

3 mins

How Elon Musk rescued X from the brink

Musk borrowed $13 billion to complete his 2022 take-private of Twitter and the loans quickly went bad

5 mins

PM-led CCS clears ₹64,000 cr deal to procure 26 Rafale-M jets

The Cabinet Committee on Security (CCS) chaired by Prime Minister Narendra Modi on Wednesday cleared a proposal to procure 26 naval variants of Rafale fighter jets from France at a cost of around ₹64,000 crore for deployment on board aircraft carrier INS Vikrant, sources in the defence establishment said.

1 min

Mahindra arm to make H130 fuselage

Mahindra Aerostructures will manufacture the fuselage for the single-engine Airbus H130 helicopters, with the first unit expected to be delivered by March 2027, a major boost for indigenous aerospace manufacturing activities in India.

1 min

Zomato rebrands as 'Eternal' on mkt

Food and grocery delivery platform Zomato officially changed its name to 'Eternal Ltd' on the stock exchanges from Wednesday, following approval from the ministry of corporate affairs.

1 min

UK court rejects Mallya's debt plea

Indian tycoon Vijay Mallya on Wednesday lost an appeal against a bankruptcy order made by London's High Court over a more than £1 billion ($1.28 billion) debt to lenders including the State Bank of India.

1 min

BharatPe arm gets RBI nod for licence

BharatPe Group firm Resilient Payments has received final authorization from the Reserve Bank of India (RBI) to operate as an online payment aggregator.

1 min

Ather Mulls Smaller IPO Amid Market Chaos

Ather Energy Pvt. is considering cutting the size of its initial public offering (IPO) by at least $50 million from an earlier target of about $400 million, people familiar with the matter said.

1 min

Dixon Tech to set up ₹1k-cr facility

Electronics manufacturing services firm Dixon Technologies is setting up a ₹1,000-crore facility near Chennai and signed a memorandum of understanding with the Tamil Nadu government on Wednesday.

1 min

Solar Investments Down 20% in Developing Countries, Says ISA

International Solar Alliance Launched a 2-Day SolarX Accelerator Programme in Mauritius on Tuesday

1 min

Rail, road, irrigation works get Cabinet approval

The Cabinet Committee on Economic Affairs, chaired by Prime Minister Narendra Modi, on Wednesday approved three major infrastructure and farm-linked projects worth over ₹4,800 crore.

1 min

Is Pallia's Game Plan For Wipro Working?

Recent deal wins and cost-cutting measures have raised hopes. But the company faces many uncertainties

7 mins

How title insurance helps avoid legal disputes over land rights

I am buying a parcel of land in Uttar Pradesh and have engaged a local resident to assist with the title clearance of the land. He suggested I procure a title insurance cover. Can you please explain what is title insurance and why is it important?

1 min

How you can optimize your tax-saving allowance basket

Smart salary and allowance structuring can boost your take-home under both tax regimes

4 mins

THE REALITY OF INDIAN TRADING BOOM: PLATFORMS GAIN, RETAIL INVESTORS BLEED

Poor financial literacy and a lack of minimal safeguards have left millions of investors at risk

3 mins

Trump's Tariffs Will Create More Problems Than They Can Resolve

He insists trade partners have been unfair to the US even though America Inc has not complained

4 mins

The MPC's decision was the first scene of a tariff-driven drama

High global uncertainty means the monetary policy panel's rate cut and shift to a dovish stance are not the end of the story

4 mins

Stagflation Is the Best Scenario a Tariff-Hit US Can Now Expect

It's catch-22 for the Fed as fighting inflation will constrain growth

3 mins

A global shake-up spells climate opportunities for India

Trump's climate U-turn and tariff war will leave other countries better placed to lead the clean revolution

3 mins

Master the basics of miso to transform everyday cooking

Tips, hacks and recipe ideas for the popular, umami-rich and versatile Japanese fermented bean paste

3 mins

David Hockney Celebrated in Retrospective

The Louis Vuitton Foundation in Paris has over 400 works assembled

2 mins

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