Mint New Delhi - April 17, 2025

In this issue

April 17, 2025

Wellness startups board the weight loss bandwagon

India's wellness startups have joined the weight loss gold rush, launching supplements that claim to have effects similar to blockbuster drugs such as Ozempic and Mounjaro.

3 mins

IPO plans of Jaggi firms may unravel after Sebi order

Gensol Engineering Ltd founder and managing director Anmol Singh Jaggi intends to contest the regulatory order barring him from directorships and participating in the stock market, even as plans to take his companies Matrix Gas and Renewables Ltd and Blu-Smart public come unstuck.

2 mins

How Harvard Ended Up Leading the University Fight Against Trump

Harvard University has drawn a line in the sand against the Trump administration and its sweeping demands for cultural change.

5 mins

Heat on hedge funds from new sub-₹10 lakh product

A new investment product designed to hook India's wealthier retail investors may eat hedge funds' lunch given their tax edge and target audience, industry executives said.

2 mins

Businesses will soon have to file their financials in a new format

Indian businesses will soon have to present their financial statements in a new way to help investors and regulators quickly assess their performance and financial health, two persons informed about the development said.

2 mins

India-EU trade pact may cut textile, liquor duties

New Delhi may cut liquor import duties while Brussels eases entry for Indian textiles

3 mins

Trade Deficit with China is Widest Ever

In March alone, goods imports from China jumped over 25% year-on-year to $9.7 billion, led by electronics, etc.

1 min

Water crisis looms over the North, East

The northern region has 11 reservoirs CWC is monitoring, and a total live storage capacity of 19.836 BCM

2 mins

US Tariffs Graze India, But Global Risks Loom

India's economy is likely to weather the latest wave of US tariff hikes with only limited fallout, Moody's Ratings said in a report Wednesday.

1 min

Debroy panel finalizes infra investment roadmap; Report due in May

A high-level committee set up by the central government has finalized key measures to boost infrastructure investment, including attracting foreign funds, promoting corporate bond finance, building specialized infrastructure funds, and creating a fresh pipeline of public-private partnership (PPP) projects, two people familiar with the matter told Mint.

2 mins

Global goods trade could shrink by up to 1.5%: WTO

Alongside, Unctad said the global economic growth is expected to slow to 2.3% in 2025

2 mins

Nvidia warns US curbs to cost $5.5 bn

President Donald Trump's administration has barred Nvidia Corp. from selling its H20 chip in China, an escalation of Washington's tech battle with Beijing that will cost the company billions of dollars and hamstring a product line it explicitly designed to comply with previous US curbs.

1 min

JPMorgan Chase to focus on startup banking: India CEO

The bank started its 'innovation economy' business in the US about five to six years ago

3 mins

NSE's investor base triples on faster share transfers

A flurry of activity in unlisted NSE shares has nearly tripled the investor base of India's largest stock exchange since it expedited the process of transferring shares between counterparties on 24 March, according to a regulatory circular.

1 min

RBI Skips Cash Ops for 3rd Straight Fortnight

The Reserve Bank of India (RBI) has again held back its primary cash management operation, stoking speculation about a possible shift in how the authority handles bank liquidity.

1 min

Havells Insures Growth Strategy With A Stake In Goldi Solar

Power punch Cables, Lloyd and electrical consumer durables together formed over 70% of Havells' 9MFY25 revenue.

1 min

ICICI Pru Margin on Street Radar

Shares of ICICI Prudential Life Insurance Co. Ltd rose nearly 3.4% to ₹586.30 apiece on Wednesday after its March quarter (Q4FY25) results.

2 mins

Life insurance is an interest area for us

We'll see what the regulatory requirements are, and then probably we will decide on any acquisition Anand Roy MD & CEO, Star Health & Allied Insurance

3 mins

Rural Indian consumers turn cautious as inflation bites

Rising expenses, flat incomes, inflation making buyers more selective, finds survey

2 mins

Wipro sees weak start to fiscal year

Wipro Ltd on Wednesday marked a second straight year of falling revenue, even as it braced for its weakest start to a new fiscal year amid concerns over global technology spending.

2 mins

Paytm's Sharma forgoes 21 mn Esops amid regulator's scrutiny

Paytm said on Wednesday its founder and chief executive officer (CEO) Vijay Shekhar Sharma has forgone 21 million employee stock options granted to him, months after the Securities and Exchange Board of India (Sebi) issued show-cause notices over violation of rules on grant of share-based employee benefits.

1 min

Honasa sues HUL over sunscreen campaign

A simmering rivalry in India's booming skin-care market has spilled into the courts.

1 min

Free shows top OTT charts, but pay-walled content is key to cash flow

Ad-supported, free-to-watch shows like Ek Badnaam Aashram and Hip Hop India on Amazon MX Player made a splash upon release, topping OTT viewership charts for weeks.

2 mins

Sebi's ESG disclosure review to ease burden on small firms

Sebi delayed supply chain reporting norms after the industry flagged feasibility and complexity of gathering data

2 mins

Starlink seeks expedited approval for India launch

Elon Musk's firm aims to serve rural, underserved areas with high-speed internet connection

2 mins

Trump Residences Return to Gurugram

At 51 floors each, the project boasts 298 units priced at ₹8-12 crore, along with a limited number of penthouses

2 mins

U.S. Plans to Use Tariff Negotiations to Isolate China

The Trump administration plans to use ongoing tariff negotiations to pressure U.S. trading partners to limit their dealings with China, according to people with knowledge of the conversations.

3 mins

Major Harley-Davidson shareholder seeks board shake-up

H Partners is preparing to urge shareholders to remove three longstanding directors from Harley's board

2 mins

China's Economy Grew Before Tariffs Kicked In

Trump's stiff tariffs on Chinese goods are expected to weaken the country's economy this year

4 mins

Inside Mark Zuckerberg's failed negotiations to end antitrust case

The FTC wanted $30 billion to drop its case. Zuckerberg offered much less and hoped Trump would back him up.

4 mins

Definition of woman excludes trans: UK SC

Britain's top court ruled on Wednesday that only biological and not trans women meet the definition of a woman under equality laws, a landmark decision greeted with concern by trans supporters but welcomed by the government as bringing clarity.

1 min

Yes Bank Receives Demand Notice

Yes Bank on Wednesday said it has received a demand notice of ₹244.20 crore for assessment year 2016-17.

1 min

SpiceJet to double fleet in a year: CMD

Domestic carrier SpiceJet's revival plan is \"going very well\" and the airline is on track to double its current fleet over the next 12 months, chairman and managing director Ajay Singh said on Wednesday.

1 min

Rupee rises to 85.64 against the dollar

The rupee sustained its rally for the third straight session and settled with a gain of 16 paise at 85.64 against the US dollar on Wednesday, boosted by the renewed inflow of foreign funds and a weak American currency.

1 min

J.D. Vance to visit India next week

U.S. vice president J.D. Vance and his wife Usha, the first Indian-American Second Lady, will visit India early next week. This visit will see him hold talks with Prime Minister Narendra Modi amid increasing global trade disruptions over the Trump administration's tariff tussle.

1 min

AMNS India flags risks to local steel industry

Arcelor-Mittal Nippon Steel sought more protection from dumping

2 mins

Walmart signs Chennai office deal

Walmart has signed a deal for a second office space in Chennai, which is fast emerging as a major technology centre after being known for years as a manufacturing hub.

1 min

EU Lists 7 'Safe' Countries of Origin

The European Union (EU) on Wednesday published a list of seven countries it considers \"safe\", in a bid to speed up migrant returns by making it harder for citizens of those nations to claim asylum in the bloc.

1 min

Google faces £5bn UK lawsuit

Alphabet's Google is being sued in Britain for potential damages of up to £5 billion ($6.6 billion) in a class action alleging the company abused its dominant market position in the online search industry.

1 min

Centre, states talk on 50 destinations

The centre is working on preparing guidelines for the top 50 tourist destinations in the country, proposed in the Union Budget, which are to be developed in partnership with the states.

1 min

Inside the Gensol Mess Uncovered by SEBI

The market regulator has alleged a complete breakdown of internal controls

8 mins

Earning Under 3%? Why It's Time to Move Your Idle Cash

With savings accounts losing value, here's where to park your cash for high returns, liquidity

5 mins

Gold Breaks $3,300, Climbs 26% in 2025

Gold surged to a fresh high on haven demand as the dollar fell and tech stocks slumped after US President Donald Trump ordered a probe that could open up a new front in the global trade war.

1 min

WHY MOVING FROM WEALTH ACCUMULATION TO WEALTH PRESERVATION MATTERS

A preservation-first approach helps withstand market cycles, protects long-term wealth

3 mins

Health insurance should cover preventive care as well

A wide-angled approach can pave the way for healthcare that secures our overall health much better

3 mins

The best don't always rise to the top but merit is not a lost cause

Position need not reflect competence but there are ways for us to minimize the damage this causes

3 mins

What the sterling's past can tell us about the US dollar's future

An America keen to preserve its currency's global status should learn lessons from how the UK handled similar trade-offs

3 mins

America's Trade War is Sure to Impact the Hobbies of People

It feels personal because it will drive up costs that matter to citizens

3 mins

Why we do what we do is hard to grasp but don't give up

Our conscious mind has far less control of decisions than we like to think. The effects of it are profound

3 mins

Children's theatre goes beyond the binaries

This festival is a space where theatre is treated as a tool for understanding the world, and a means of bridging divides

4 mins

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