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Mint Mumbai

Here's how those big foreign expenses affect your taxes

Say you're planning a vacation abroad with your family. Your spouse, whose income isn't large enough to be taxed, books a ₹5-lakh overseas tour package using her bank account. You all have a great time and return refreshed.

2 min  |

August 01, 2025

Mint Mumbai

Copyright theft by AI? Don't mix up creativity and dissemination

It's the unauthorized distribution of a work that amounts to infringement and not its mere creation

3 min  |

August 01, 2025

Mint Mumbai

Jane Street probe: I-T raids on Nuvama

The income-tax (I-T) department on Thursday conducted a survey operation at the premises of brokerage firm Nuvama Wealth Management as part of an alleged tax evasion probe against Jane Street, the US-based proprietary trading firm accused of market manipulation, official sources said.

1 min  |

August 01, 2025
Mint Mumbai

Mint Mumbai

Cognizant Q2 lifted by banks, but organic growth a concern

Cognizant posted revenue of $5.25 billion for the quarter, up 8.14% year-on-year and 2.54% sequentially

2 min  |

August 01, 2025

Mint Mumbai

HC rejects Celebi's plea against govt

A single-judge bench of the Delhi High Court (HC) has dismissed the plea of Turkish firm Celebi Ground Handling India Pvt. Ltd challenging the Centre's decision to revoke its security clearance.

1 min  |

August 01, 2025

Mint Mumbai

Auto parts exports to lose edge

India's $111 billion auto components industry faces a fresh threat after US President Donald Trump announced a 25% tariff on Indian goods, denting the sector's edge in its largest export market.

1 min  |

August 01, 2025

Mint Mumbai

Can Novo Nordisk's new CEO stop rivals from taking over the anti-obesity market?

The Danish drugmaker has consistently misread the U.S. market and the threat of compounders

5 min  |

August 01, 2025
Mint Mumbai

Mint Mumbai

Trump and Dimon Are Talking Again After Yearslong Rift

America's most powerful banker and the president have met twice in the past two months

2 min  |

August 01, 2025
Mint Mumbai

Mint Mumbai

CleanMax readies IPO; confidential filing soon

The company, 48% owned by Brookfield, may file draft papers by Aug-end

2 min  |

August 01, 2025

Mint Mumbai

Dabur Q1 net profit rises 3% to ₹508 crore

Home-grown FMCG major Dabur India Ltd on Thursday reported an increase of 2.8% in its consolidated net profit to ₹508.29 crore in the June quarter of FY26 as it faced inflationary headwinds and unseasonal rains, which impacted the performance of the beverage portfolio.

1 min  |

August 01, 2025
Mint Mumbai

Mint Mumbai

Powell's gamble: That the economy will reveal its true self in the next two months

Federal Reserve chief Powell suggested he was still committed to preserving the soft landing

4 min  |

August 01, 2025
Mint Mumbai

Mint Mumbai

Neo's secondaries fund reaches first close at ₹750 crore

Neo Asset Management manages over ₹13,500 cr in AUM across private equity, credit and infrastructure

1 min  |

August 01, 2025

Mint Mumbai

Vedanta Q1 profit falls 11% to ₹3,185 cr

Vedanta Ltd's profit for the April-June period fell by over a tenth from a year ago due to higher tax expenses, even as it produced the most zinc and alumina ever for a first fiscal quarter.

1 min  |

August 01, 2025
Mint Mumbai

Mint Mumbai

Tata Motors Allays Investors' Worries on $4.4 Billion Iveco Deal

Firm says achieving growth in commercial vehicle biz not easy, so needs such acquisitions

2 min  |

August 01, 2025
Mint Mumbai

Mint Mumbai

Operator of Burger King Narrows Loss

Indian Burger King operator Restaurant Brands Asia reported a narrower first-quarter loss on Thursday, as its discounted menu items continued to draw in budget-conscious diners.

1 min  |

August 01, 2025

Mint Mumbai

Ambuja Cements logs ₹970 cr profit

A dani Group firm Ambuja Cements Ltd on Thursday reported a consolidated net profit of ₹969.66 crore for the June quarter.

1 min  |

August 01, 2025

Mint Mumbai

Sebi Moots Retail Quota Cut in Large IPOs to Boost Stability

Despite Robust Inflows Into MFs, Direct Participation by Retail Investors in IPOs Has Plateaued

2 min  |

August 01, 2025
Mint Mumbai

Mint Mumbai

Enter the world of high horology quartz watches

Quartz watches can be luxurious high-end timepieces as well, especially these Swiss and Japanese watches

4 min  |

August 01, 2025
Mint Mumbai

Mint Mumbai

Refiners don't see supply risk even as US targets Russian oil

India's oil refiners do not see any risk to well-diversified crude supplies after US President Donald Trump imposed a penalty on the country for buying Russian crude, in addition to a 25% tariff, according to two people in the know.

1 min  |

August 01, 2025
Mint Mumbai

Mint Mumbai

Survival in times of predatory trade: Is Asia on to something?

It may find dismal deals better than losing access to US markets

3 min  |

August 01, 2025

Mint Mumbai

Vedanta gets HC relief on ₹29 cr guarantee

Vedanta won the coal mine in a 2020 auction. The mine is critical to powering the company's aluminium ops

2 min  |

August 01, 2025

Mint Mumbai

Making art using dots and lines

A Mint round-up of what's happening in and around the city

1 min  |

August 01, 2025
Mint Mumbai

Mint Mumbai

Hospital bill: Why did I have to pay this before the insurer stepped in?

I paid my premium on time, so why did I still have to pay ₹50,000 from my pocket during hospitalization? No one told me about the deductible clause. Is this fair?

2 min  |

August 01, 2025

Mint Mumbai

Inflection Point's $110-mn fund to back early startups

Angel-investment platform Inflection Point Ventures (IPV) unveiled on Thursday a $110-million (around ₹964 crore) angel fund to bet on early-stage startups.

1 min  |

August 01, 2025

Mint Mumbai

Swiggy to review its stake in Rapido

Swiggy's losses nearly doubled in April-June despite a jump in revenue as Instamart continued to bleed cash

2 min  |

August 01, 2025

Mint Mumbai

Govt Clears ₹2,000 Cr Grant for NCDC

The government on Thursday approved a raft of decisions aimed at boosting rural lending, expanding food processing infrastructure and strengthening India's railway network—all with an eye on improving farm incomes and economic connectivity.

1 min  |

August 01, 2025

Mint Mumbai

India Inc. is building a bigger garden leave wall around CXOs

As the non-compete clause fails to protect senior executives from poaching and worthy replacements remain elusive, Indian companies have found a deterrent to keep senior executives tethered: extended garden leaves.

3 min  |

July 31, 2025

Mint Mumbai

Markets Seen Angsty on Trump Tariff Hit

Indian equities could extend their decline on Thursday after US President Donald Trump on Wednesday slapped a 25% tariff on imports from India, along with an unspecified penalty.

3 min  |

July 31, 2025
Mint Mumbai

Mint Mumbai

Festivals May Not End 3-Year Slump for Smartphones

India's smartphone retailers hope that the upcoming festival season will lift the largest consumer electronics category out of a three-year slump.

3 min  |

July 31, 2025
Mint Mumbai

Mint Mumbai

Refinancing your personal loan for lower rates? Check this first

I have a personal loan running for 8 months. I'm seeing ads on balance transfer with lower interest rates.

1 min  |

July 31, 2025