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Mint New Delhi - May 13, 2025

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In this issue

May 13, 2025

Banking for minors: Why its time has come

The Reserve Bank of India (RBI) recently permitted minors aged 10 years or older to independently open and operate savings and term deposit accounts.

3 mins

India-UAE goods trade surges past $100 billion

Merchandise trade between India and the UAE crossed the $100 billion-mark in 2024-25, two years ahead of the target set when their free trade agreement (FTA) went live on 1 May 2022, although the balance of the trade is heavily tilted in favour of the UAE.

1 mins

Western changes may adversely affect food security, crop productivity

The frequency and nature of western disturbances in India have changed over the past few years, which could affect agriculture and food security, the top official at the government's weather office said.

2 mins

Build mediation centres: ICAI

Stronger penalties on major shareholders and directors of bankrupt companies for failure to cooperate in debt resolution could make corporate turnaround efforts more efficient, according to the Institute of Chartered Accountants of India (ICAI).

1 mins

Sarangi gets additional charge as CMD of Solar Energy Corp.

The Union government has given Santosh Kumar Sarangi, the secretary to the union ministry of new and renewable energy, additional charge as chairman and managing director (CMD) of Solar Energy Corp. of India (SECI).

1 mins

Transmission line, coal-based capacity additions slow down

Only 8,830 circuit km of transmission lines were added in FY25, 37.8% less than FY24

2 mins

Antfin set to divest 4% stake in Paytm

Antfin, an Alibaba Group entity, will divest a 4% stake in Indian fintech firm Paytm through a block deal on 13 May, according to a term sheet.

1 mins

Evolvence Courts Domestic LPs For Its Largest Fund Yet

Evolvence India to raise $300 mn for its fifth fund, including $100 mn from local LPs, in shift from foreign investors

2 mins

Content studios tap YouTube to launch originals

YouTube has become the preferred debut platform for some originals put out by content studios despite the lure of video streaming companies Netflix, Prime Video and JioHotstar in the country.

2 mins

LTIMindtree Bags Its Largest Deal From Chicago's ADM

Seven-year, $450 mn contract makes firm second mid-cap IT co to bag biggest deal since Jan

3 mins

Coal India needs a volume surge to fire up growth

Gradual recovery

1 mins

Asian Paints' FY26 not so rosy

Pale hues

2 mins

Sebi's Proposal for Delisting PSUs Faces Flak

Legal experts say that the move risks creating a dual regulatory standard between PSUs and private sector firms

2 mins

Weak prices hurt Tata Steel net profit in Q4

The company reported a consolidated profit of ₹1,201 crore in Jan-Mar

2 mins

Canara Bank Eyes Corporate Loan Growth

State-run Canara Bank is yet to see a secular revival in corporate credit growth, with demand limited to infrastructure, renewables and certain manufacturing segments, a top official said, hoping that rate cuts would spur consumption and lead to more borrowings by companies.

2 mins

US-China truce announcement on tariff war brings relief

China agreed to lower tariffs on US imports from 125% to 10%, according to a joint statement on Monday

2 mins

Worst is over; new products to drive growth, says UPL

North America accounted for 13% of UPL's FY25 revenue, a shade higher than it earned in India

1 mins

Kohli Retires From Tests Too, But Ad Dominance To Remain

Presence in ODIs and the IPL Will Keep Him in the Public Eye and Help Retain His Brand Value

3 mins

Berry steps in, but new CEO likely in 4 months: Britannia

Britannia posted 9% rise in Q4 sales to ₹4,376 cr and a 4% increase in net profit to ₹559 cr, while full-year profit rose by 2%

2 mins

Trump's Drug Price Cut May Not Hurt Indian Firms Much

Pharma shares plunge intraday, but recover swiftly ahead of US prescription drug price cuts

3 mins

Apple Considers Price Hikes for Upcoming iPhone Lineup

Raising Prices Could Help Apple Cushion Higher Costs Stemming from the US Tariffs on Imports from China

1 mins

Everybody's Replaceable: The New Ways Bosses Talk About Workers

Corporate America's long-running war for talent sounds more like a war on the talent these days.

3 mins

Nissan job cuts double to 20,000 in huge overhaul

Nissan Motor Co. will eliminate 11,000 more jobs than previously planned, NHK reported on Monday, as part of a plan to restructure its flailing business.

1 mins

Zelensky says ready to talk peace, challenges Putin to show up

Ukrainian president said he would be waiting for his Russian counterpart in Turkey

4 mins

Chalet Hotels FY25 profit falls 48.8%

Chalet Hotels Limited, backed by real estate company K Raheja Corp and owner of notable properties like JW Marriott Mumbai, Sahar and Westin Powai, reported strong FY25 revenue growth. Net profit, however, dropped over higher operating expenses and one-time tax adjustments.

1 mins

Gensol Engineering promoters resign

Promoters of beleaguered Gensol Engineering, Anmol Singh Jaggi and Puneet Singh Jaggi, have resigned from the company following market regulator Sebi's interim order, according to an exchange filing.

1 mins

Vedanta Explores Critical Minerals

Anil-Agarwal-led Vedanta has said it is exploring critical mineral assets in states like Maharashtra, Rajasthan, Bihar, Arunachal Pradesh, Karnataka and Chhattisgarh.

1 mins

R-Power bags 350+ MW solar project

Reliance NU Energies, a subsidiary of Reliance Power Ltd, has secured a 350MW solar power project integrated with a 175MW/700MWh battery energy storage system (BESS) through a competitive bidding process by state-run SJVN.

1 mins

NCLAT dismisses insolvency plea against PepsiCo India

The National Company Law Appellate Tribunal (NCLAT) dismissed an insolvency petition against PepsiCo India Holdings after observing that provisions of IBC cannot be turned into a debt-recovery proceeding.

1 mins

Bajaj Electricals Q4 profit up two-fold

Bajaj Electricals Ltd on Monday reported a two-fold jump in consolidated fourth-quarter net profit to ₹5,905 crore.

1 mins

Hamas says American-Israeli hostage released in goodwill gesture

Edan Alexander's release would be the first since Israel shattered an eight-week ceasefire with Hamas in March

2 mins

Summer getaways get costlier: Airfares soar on high demand

Ticket prices for destinations within the country are already up 10-15% over last year

1 mins

Hyderabad: Turning Waste into Wealth

The city has unlocked large value by processing its municipal refuse efficiently, blazing a trail for others to follow

8 mins

Should you register for GST? Here is everything you need to factor in

From understanding turnover thresholds to inter-state rules, RCM and dropshipping—explained in a nutshell

5 mins

India-UK trade deal: Let us stay focused on the long-term prize

The momentum in mutual ties is backed by business enthusiasm. It's time to unlock the potential

3 mins

Mercantilism isn't always bad but Trump's policies are

Mercantilism could have some strategic benefits but Trump's policies reflect its worst defects

3 mins

US-UK trade pact: Seems like an episode of a comedy show

The agreement is long on rhetoric and short on what truly matters

3 mins

Let Granular Data on Household Savings Supplement Macro Data

Indepth surveys can capture below-the-radar information and help craft strategies to serve India's financial inclusion agenda

3 mins

How a manufacturing boom could close the gender gap

Women's labour participation can be boosted by export-led hiring. We must put incentives in place

3 mins

Which weight loss drug is more effective?

A 72-week long study of Zepbound and Wegovy found a clear winner

2 mins

Fighting Parkinson's with Indian dance therapy

In a quiet community hall in Mumbai, 70-year-old Hari stands surrounded by a group of men and women, some older, some younger, all marked in different ways by Parkinson's disease.

4 mins

Exercise Helps Counter Cancer's Side Effects, Says Study

Doctors are prescribing exercise as a recovery tool for cancer patients as it helps reduce fatigue, nausea and brain fog

3 mins

Read all Stories from Mint New Delhi

Mint New Delhi Description:

Publisher: HT-Digital-Streams-Ltd.

Category: Newspaper

Language: English

Frequency: Daily

Mint New Delhi is your trusted source for business and finance related latest updates. Mint New Delhi brings you the latest business news, market insights, and economic trends straight from India’s capital. Stay updated with expert analysis on stock markets, corporate developments, RBI policies, fintech innovations, and government decisions shaping the economy. With in-depth reports and exclusive interviews, this newspaper is a must-read for professionals, investors, and business enthusiasts.

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