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Mint Bangalore

Mint Bangalore

Banks foresee smooth transition to expected credit loss model

Large banks like State Bank of India (SBI), HDFC Bank, and Axis Bank, as well as smaller public sector lenders, believe they can easily transition to a new credit loss model proposed by India's central bank, under which the lenders have to recognize stress much earlier than the current norms.

2 min  |

October 22, 2025
Mint Bangalore

Mint Bangalore

How to divide assets between children from two marriages

Iama62-year-old industrialist from Delhi with two adult sons from my first marriage anda I: daughter from my second marriage.

2 min  |

October 22, 2025
Mint Bangalore

Mint Bangalore

Sebi casts net wider to tackle spike in insider trading cases

Escalation in illegal financial gains coincides with a sharp rise in regulatory scrutiny

2 min  |

October 22, 2025
Mint Bangalore

Mint Bangalore

US deal may cut tariff to 15%, trim Russian crude

Higher imports of US corn, ethanol likely; deal may be announced at Asean summit

1 min  |

October 22, 2025
Mint Bangalore

Mint Bangalore

Nike should put Converse on the block: It's just a distraction

Its CEO has very few easy wins in reach but this could well be one

3 min  |

October 22, 2025

Mint Bangalore

Reliance seeks to buy Middle East oil

Reliance Industries Ltd bought Middle Eastern crudes last week and may place more orders, ina sign that Western pressure against Russian flows may be starting to impact its procurement patterns.

1 min  |

October 22, 2025
Mint Bangalore

Mint Bangalore

Keppel buys Shell stake in Cleantech, takes full control

Singapore’s Keppel Ltd has bought energy major Shell Plc’s 49% stake in renewable energy developer Cleantech Solar in a deal having an equity value of around $200 million, taking full control of the company. It is planning a sale of Cleantech for around $400 million next, said two people aware of the development. Both requested anonymity.

1 min  |

October 22, 2025
Mint Bangalore

Mint Bangalore

SC eases tax claim norms for foreign firms

Foreign-owned companies can now be treated as carrying on business in India even without active contracts, a physical office, and employees, the Supreme Court recently ruled, providing clarity for foreign firms with project-based or intermittent operations.

2 min  |

October 22, 2025

Mint Bangalore

Jio-BP’s Q2 petrol, diesel sales up 34%

Jio-BP, the fuel retailing joint venture of Reliance Industries and super major BP, clocked a 34% rise in petrol and diesel sales in the September quarter as the joint venture aggressively expands its retail network.

1 min  |

October 22, 2025
Mint Bangalore

Mint Bangalore

DECODING THE BUYBACK PUZZLE: WHY EVEN A PREMIUM PRICE CAN HURT RETURNS

ill 30 September 2024, acompany buying back shares paid 10% tax while shareholders were exempt. From | October 2024, tax laws were amended, making any amount received bya shareholder forselling shares back to the company taxable as dividend income. The cost of bought-back shares is allowed asa capital loss.

3 min  |

October 22, 2025

Mint Bangalore

Murky underworld where Louvre thieves take stolen jewels

After a group of thieves brazenly broke into Paris’s Louvre Museum and snatched eight pieces of jewelry that form part of France’s crown jewels, the chase is on to find them before they filter into the black market.

1 min  |

October 22, 2025

Mint Bangalore

Small stores on slow track in passing on GST rate cut

Small, but significant Small and unorganized retailers outside the GST system are a weak link in ensuring consumers see benefits of the tax cut.

1 min  |

October 22, 2025
Mint Bangalore

Mint Bangalore

Why affordable TVs are India's real screen stars

Beyond the hype around giant OLEDs and premium panels, India's TV market is powered by budget-friendly models that provide value

4 min  |

October 22, 2025
Mint Bangalore

Mint Bangalore

US deal may cut tariff to 15%, trim Russian oil purchase

On energy, the Indian side is considering allowing US ethanol and gradually reducing purchases of Russian oil, with Washington expected to extend concessions on energy trade in return, said the first of the three officials cited above.

2 min  |

October 22, 2025

Mint Bangalore

Do tariffs work?

With trade tensions between the US and China flaring up again, the spotlight is on how their game of mutually assured disruption plays out.

1 min  |

October 22, 2025

Mint Bangalore

GIFT City funds want tax removed

The regulator of GIFT City, short for Gujarat International Finance Tec City, has relayed a key demand from fund companies operating there to the Union finance ministry that tax collected at source, or TCS, be exempted on investments made by Indians in the international financial services centre (IFSC).

2 min  |

October 22, 2025
Mint Bangalore

Mint Bangalore

Olyv taps Unitus Cap for $20 mn funding

Lightrock-backed personal lending platform Olyv, formerly SmartCoin, has appointed Unitus Capital to raise fresh funds, three people in the know said.

1 min  |

October 22, 2025
Mint Bangalore

Mint Bangalore

The murky underworld where the Louvre thieves hope to hawk their stolen jewels

jewel thefts worth hundreds of millions of dollars over the past couple of decades.

3 min  |

October 22, 2025

Mint Bangalore

Sanae Takaichi becomes Japan's first female PM

Sanae Takaichi won the parliamentary vote to become Japan's prime minister on Tuesday, making her the first woman to clinch the nation’s top leadership job.

2 min  |

October 22, 2025

Mint Bangalore

Sensex, Nifty end with modest gains

Benchmark stock indices Sensex and Nifty ended marginally higher in the special one-hour Muhurat trading session on Tuesday, marking the beginning of the new Samvat Year 2082 on a positive note amid firm global cues.

1 min  |

October 22, 2025

Mint Bangalore

Adani-funded work top FDI in Sri Lanka

The Colombo West International Terminal (CWIT) was the largest contributor to Sri Lanka's foreign direct investment (FDI) inflows during the first nine months of 2025, the Board of Investment (BoI) said on Tuesday.

1 min  |

October 22, 2025

Mint Bangalore

Trump-Putin meet still hazy: Kremlin

The Kremlin said on Tuesday it was unclear when a summit between US president Donald Trump and Russian president Vladimir Putin on seeking an end to the war in Ukraine would take place.

1 min  |

October 22, 2025
Mint Bangalore

Mint Bangalore

The Jio tariff hike everyone expected isn't coming—yet

The company has instead chosen to grow revenue by driving users to consume more data

2 min  |

October 22, 2025
Mint Bangalore

Mint Bangalore

NITI Aayog proposes new panel to supercharge net-zero push

India’s top government think-tank has called for setting up a panel to guide policy and coordinate multi-ministry efforts on climate action and energy transition, two people aware of the development said.

1 min  |

October 22, 2025

Mint Bangalore

Oil imports in Oct rise as GST cuts boost demand

Oil imports likely to increase in October compared to the past few months

1 min  |

October 22, 2025

Mint Bangalore

Non-banks are making markets nervous again

As sudden banking strains in the US show, the growth of non-banks is a mixed blessing, especially if they use bank funds for lending. The motto should be 'better safe than sorry'

2 min  |

October 22, 2025
Mint Bangalore

Mint Bangalore

Gold, silver fall as traders take stock of record rallies

Gold and silver slid as traders took stock of record-breaking rallies, with technical indicators looking stretched while US-China tensions ease.

1 min  |

October 22, 2025

Mint Bangalore

VC firm Antler India fast-tracking AI investments

Early-stage venture capital firm Antler India is looking to back six to eight of the 26 startups, which participated in its just concluded AI residency programme that was designed to help founders with early funding and go-to-market support.

1 min  |

October 22, 2025

Mint Bangalore

'Balanced India-US portfolios fared better'

Saurabh Mukherjea has a simple message for investors in Indian equities: it's time to look beyond. The chief investment officer and co-founder of Marcellus Investment Managers believes that with jobs in India drying up due to the US tariffs, consumption slowdown and tepid corporate earnings, it “will be tough for a market already trading at record-high valuations to move any further”.

2 min  |

October 22, 2025
Mint Bangalore

Mint Bangalore

China says India’s auto PLI schemes violate WTO norms

China has alleged that certain conditions in India’s Production Linked Incentive (PLI) schemes for advanced chemistry cell battery, automobiles and the policy to promote the manufacturing of electric vehicles (EVs) violate global trade rules, and has filed a complaint against these measures at the World Trade Organization (WTO).

1 min  |

October 22, 2025