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Mint Mumbai

Delhi policy delivers boost for EVs, blow to hybrids

Delhi on Monday unveiled an electric vehicle (EV) policy that favours battery electric vehicles (BEVs) over hybrids, mandates a phase-out of new petrol and diesel two-wheelers from April 2028, and three-wheelers and light commercial vehicles from January 2027, and limits full road-tax exemption to electric cars priced below ₹30 lakh.

4 min  |

June 30, 2026

Mint Mumbai

Merged PFC-REC may face mounting borrowing costs

The long-awaited merger of REC Ltd with its parent, Power Finance Corp. (PFC), won board approval late Sunday, creating a stronger balance sheet and a larger lending institution. But the merged entity may face higher borrowing costs in the near term, as investor exposure limits would narrow its bond investor base, market experts said, calling for a diversified funding basket.

3 min  |

June 30, 2026

Mint Mumbai

NPS RETIREMENT: THE CASE FOR RIS, ANNUITY AND SLW

India's National Pension System (NPS) has introduced a postretirement option-the Retirement Income Scheme (RIS)-to provide a steady post-retirement income.

2 min  |

June 30, 2026

Mint Mumbai

Govt to lift limit on diesel sales from 1 July

Amid easing crude oil and fuel supply conditions, the petroleum and natural gas ministry will remove the cap on procurement of diesel at retail pumps from 1 July.

1 min  |

June 30, 2026

Mint Mumbai

Can Persistent digest Nagarro?

Shares of Persistent Systems Ltd dropped as much as 11% to hit a 52-week low of 4,265 on Monday after it decided to acquire Munich-based Nagarro SE for an enterprise value of ₹1.27 billion.

2 min  |

June 30, 2026

Mint Mumbai

War cools, but high freight rates to stay

Strong tanker demand keeps capacity tight as Hormuz reopens

2 min  |

June 30, 2026
Mint Mumbai

Mint Mumbai

Venezuela rushes to find survivors as quake toll hits 1450

Hopes were fading Monday of finding survivors more than four days after powerful twin earthquakes struck Venezuela, as residents grow increasingly frustrated with the government’s response to the disaster that has killed at least 1,450 people and left tens of thousands unaccounted for.

2 min  |

June 30, 2026
Mint Mumbai

Mint Mumbai

Microfinance firms deepen AI adoption

India's microfinance institutions are expanding the use of artificial intelligence (AI) across customer calls, cybersecurity and internal operations as lenders look to improve efficiency, reduce costs and strengthen risk management, according to executives.

2 min  |

June 30, 2026

Mint Mumbai

Why a business demerger left Astral investors dissatisfied

Demergers are usually cheered by the markets, but Astral Ltd’s wasn't. Its stock fell 8% to ₹1,368 apiece on Monday after the firm said it will hive off its chemicals business into a separately listed entity, Astral Chemie.

1 min  |

June 30, 2026

Mint Mumbai

How war brought life back to retail in currency derivatives

High volatility prompted investors to hedge underlying exposure, raising daily turnover share

3 min  |

June 30, 2026
Mint Mumbai

Mint Mumbai

Hindustan Zinc eyes three new metals in five years

The firm plans to diversify beyond zinc, lead and silver into rare earths, potash and tungsten

2 min  |

June 30, 2026
Mint Mumbai

Mint Mumbai

An AI correction could be India’s opportunity

Global over-investment may have turned AI’s infrastructure build-up fragile. However, an asset market shake-up that shifts investor attention might just favour the Indian ecosystem

2 min  |

June 30, 2026
Mint Mumbai

Mint Mumbai

US, Iran pause strikes but disagree over next steps

Trump says meeting with Iran would happen in Doha on Tuesday, but Tehran claims no talks had been scheduled

3 min  |

June 30, 2026
Mint Mumbai

Mint Mumbai

Auto firms expand overseas on export boom, tariff risks

Diversification becomes key as major markets Mexico and South Africa put up import tariffs

3 min  |

June 30, 2026
Mint Mumbai

Mint Mumbai

HDFC Bank board picks former CEC Rajiv Kumar as chairman

The board of HDFC Bank, late on Monday, approved the appointment of Rajiv Kumar as part-time chairman and additional (independent) director, three days after an external legal review cleared the bank in the controversy surrounding the exit of former chairman Atanu Chakraborty.

1 min  |

June 30, 2026

Mint Mumbai

Rise of tech hits China's energy forecasts

China faces greater uncertainty in forecasting energy demand as structural changes in the economy and the rapid expansion of new industries reshape consumption patterns, according to a top government official.

1 min  |

June 30, 2026

Mint Mumbai

Eight key lessons for achieving sustainable development goals

A UN report shows poor progress so far. A new approach is essential to get the world back on track.

3 min  |

June 30, 2026
Mint Mumbai

Mint Mumbai

Sharma, Mantri step down as CFOs at Axis, Bandhan Bank

Two private-sector lenders saw their chief financial officers resign within a day of each other. Axis Bank's CFO Puneet Sharma quit on Sunday to pursue the next phase of his professional journey, and will step down on 31 August, the bank said in an exchange filing on Monday.

1 min  |

June 30, 2026
Mint Mumbai

Mint Mumbai

JK Cement plans higher capacity utilization, says Singhania

JK Cement is prioritizing enhanced capacity utilization and aggressive premiumization to protect margins against cost inflation and is executing an expansion-led strategy to reach 50 MnTPA capacity by 2030, its joint managing director and chief executive officer Madhavkrishna Singhania said.

1 min  |

June 30, 2026
Mint Mumbai

Mint Mumbai

PM will hold meeting today to review ease of doing business

Secretaries of all central ministries and departments will update on reform measures

1 min  |

June 30, 2026

Mint Mumbai

Yes Bank to raise up to ₹16,000 cr through equity, debt

Private sector lender Yes Bank on Monday said it is planning to raise up to ₹16,000 crore, including up to ₹7,500 crore in equity and up to ₹8,500 crore in debt.

1 min  |

June 30, 2026

Mint Mumbai

Improved IIP data

India’s index of industrial production (IIP) data didn’t always square with other readings that reflect the activity it covers, thus lending it an air of unreliability.

1 min  |

June 30, 2026

Mint Mumbai

Bajaj Auto share buyback starts 1 Jul

Bajaj Auto Ltd on Monday said its ₹5,632.8-crore share buyback will start from 1 July, 2026.

1 min  |

June 30, 2026
Mint Mumbai

Mint Mumbai

BIG OIL'S SECRETIVE TRADING ARMS ARE HAVING AN EXTRAORDINARY YEAR

Meet the corporate gamblers who never waste a good energy crisis

7 min  |

June 30, 2026

Mint Mumbai

Turtlemint drops nearly 11% on debut

Shares of Turtlemint Fintech Solutions ended 11% lower against the issue price of ₹152 in their debut trade on Monday.

1 min  |

June 30, 2026
Mint Mumbai

Mint Mumbai

Couples head to therapists to prepare for pregnancy

While physical health is paramount, a sense of stability, both emotional and financial, also helps prepare for a child

3 min  |

June 30, 2026

Mint Mumbai

NRIs: property gifts and equity investment

I have returned to India after working in the UAE for over a decade. I own a property in the UAE and want to gift it to my brother, who still resides there. Will either of us have any tax liability in India on this gift?

1 min  |

June 30, 2026
Mint Mumbai

Mint Mumbai

Fix in sight for commodity FPIs' tax jinx

A regulatory panel constituted by the Securities and Exchange Board of India (Sebi) is discussing a proposal to allow foreign portfolio investors (FPIs) to trade physically settled non-agricultural commodity derivatives by giving clearing members the authority to close positions before contracts enter the delivery period, according to three people aware of the development.

2 min  |

June 30, 2026

Mint Mumbai

Honasa signals health-beauty shift with Fluence stake buy

Honasa Consumer Ltd’s acquisition of a majority stake in Fluence Pharma marks more than its entry into nutraceuticals.

2 min  |

June 30, 2026

Mint Mumbai

Gold rebounds ₹1,300; silver slides

Snapping the three-day falling streak, gold prices rebounded by ₹1,300 to ₹1.46 lakh per 10 gm in the national capital on Monday on value buying by traders.

1 min  |

June 30, 2026

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