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Mint Chennai

RBI to bar offshore fixed deposits, limit remittance rules

The Reserve Bank of India (RBI) plans to tighten rules for overseas remittances by resident Indians, barring them from holding foreign currency deposits with lock-in periods, two government sources said.

1 min  |

June 13, 2025

Mint Chennai

Scenario analysis: What may have gone wrong with AI 171

The Boeing 787 aircraft that crashed 33 seconds after taking off from Ahmedabad has left the aviation industry stunned, with experts examining what could have gone wrong with the 11-year-old aircraft carrying 230 passengers and 12 crew.

2 min  |

June 13, 2025

Mint Chennai

INSCO Submits Revised Plan for HNGIL Takeover

Independent Sugar Corporation (INSCO) has submitted a comprehensive revised resolution plan worth ₹2,752 crore for the takeover of debt-ridden glass bottle manufacturer Hindusthan National Glass & Industries Ltd (HNGIL), in line with the Supreme Court verdict.

1 min  |

June 13, 2025

Mint Chennai

TVS Capital revamps board, eyes tech-driven investment

Private equity firm TVS Capital Funds (TCF) has reconstituted its board of directors as it eyes investment opportunities in technology-enabled sectors while maintaining its core focus on financial services.

1 min  |

June 13, 2025

Mint Chennai

Companies Quietly Recast DEI to Duck Backlash

Corporate America's diversity, equity, and inclusion campaign is going incognito. It's a pragmatic move—unless a company has Harvard-level supplies of fight and funding. Businesses that once trumpeted efforts to hire more women and people of color recognize flaunting such initiatives today is liable to attract unwanted scrutiny from the administration, courts, or influential activists like Robby Starbuck.

4 min  |

June 13, 2025

Mint Chennai

Groww profit up 3X, co closes $200 million funding round

Stock-broking app Groww clocked a more than threefold jump in profit to ₹1,819 crore in FY25, people familiar with the company's financials said, as the investment platform prepares to launch its initial public offering (IPO).

1 min  |

June 13, 2025

Mint Chennai

Paytm shares fall on MDR rumours

Shares of One97 Communications, the owner of Paytm brand, on Thursday ended 7% lower amid reports that the government is planning to impose a merchant discount rate (MDR) on large-ticket Unified Payments Interface (UPI) transactions.

1 min  |

June 13, 2025

Mint Chennai

Why a ₹1-crore health cover matters—and how to buy it

What to watch out for while upgrading your health insurance policy amid rising medical cost

4 min  |

June 13, 2025

Mint Chennai

Meta Sues Hong Kong's Joy Timeline

Meta Platforms Inc. is suing a Hong Kong-based business for allegedly promoting so-called nudify apps, as the Facebook owner attempts to combat a surge in naked and sexual images created by artificial intelligence (AI).

1 min  |

June 13, 2025

Mint Chennai

Sanlam sharpens India focus with JV

Sanlam Group is focused on three core markets—its home base South Africa, African continent and India

1 min  |

June 13, 2025

Mint Chennai

Telcos, realty firms clash over digital rating for buildings

Bodies representing telcos and developers have locked horns over maintenance of the infra

2 min  |

June 13, 2025

Mint Chennai

Meta's short videos reshaping shopping

Indians are increasingly turning to social media to discover, compare, and buy everything from daily groceries to luxury jewellery—often without stepping into a store.

2 min  |

June 13, 2025

Mint Chennai

GE Vernova turnaround has stretched the stock's valuation

Electrifying performance

1 min  |

June 13, 2025

Mint Chennai

Supply chains become new battleground in the global trade war

Today, instead of warheads, the U.S., China are wielding a range of new economic weapons

4 min  |

June 13, 2025

Mint Chennai

Cube InvIT buys two road projects

The National Investment and Infrastructure Fund (NIIF) and Cube Highways Trust (Cube InvIT), which are both managed by Cube Highways Fund Advisors Pvt. Ltd, announced on Thursday the successful transfer of two operational annuity road projects from NIIF to Cube InvIT at an enterprise value of ₹4,185 crore.

1 min  |

June 13, 2025

Mint Chennai

OneSource Betting on Strong Growth

Contract drug manufacturer OneSource Specialty Pharma expects strong growth in its order book over the next three years, driven by the global boom in weight-loss drugs, its top executive said on Monday.

1 min  |

June 13, 2025

Mint Chennai

Ola Starts No-Commission Model for Cabs Amid High Competition

Ride-hailing platform Ola has rolled out a zero-commission model for its cab drivers, according to persons familiar with the matter.

1 min  |

June 13, 2025

Mint Chennai

Goyal Discusses Trade, FTA Prospects With Sweden

Commerce minister Piyush Goyal on Thursday held wide-ranging discussions with senior Swedish government officials and industry leaders in Stockholm, as part of a broader effort to strengthen India's economic partnership with Europe.

1 min  |

June 13, 2025

Mint Chennai

Trent trims stake in JVs with Spain's Inditex

Trent Ltd has pared its stakes in its joint ventures with Spanish fashion giant Inditex Group to operate the Zara and Massimo Dutti brands in India, even as Tata Group's retail arm aggressively expands its own business.

1 min  |

June 13, 2025

Mint Chennai

Skoda to scale up pre-owned biz

Czech carmaker Skoda is looking to scale up its pre-owned car business, enter the compressed natural gas (CNG) segment and expand sales network as it aims to double volumes in the Indian market this year, according to a top company executive.

1 min  |

June 13, 2025

Mint Chennai

Pricier Liquor Set to Lighten Maharashtra Duty Hike Blow

Indian-made foreign liquors will attract duties 4.5 times their manufacturing costs, up from three times now

2 min  |

June 13, 2025

Mint Chennai

Air crash: Story so far, and what's next

The crash of Air India flight AI171 on Thursday has sent shockwaves throughout the country.

1 min  |

June 13, 2025

Mint Chennai

Sheela Foam eyes higher stake in Furlenco operator

The mattress maker has so far invested ₹400 cr in Furlenco parent HoK valuing the company at about ₹857 crore

1 min  |

June 13, 2025

Mint Chennai

Apple and India might need to woo not just Trump but Xi too

Beijing's approval would ease Apple's supply chain shift to India

3 min  |

June 13, 2025

Mint Chennai

India Plans $15-Million Satellite Map to Bolster National Security

The defence ministry is in the process of finalizing a multi-year contract to set up a \"constellation of satellites\" that will monitor other satellites that may be surveilling India, said three people aware of the development.

2 min  |

June 13, 2025

Mint Chennai

Capillary Tech readies for 2nd IPO attempt

Warburg, other existing investors to pare stakes via listing this fiscal year

2 min  |

June 13, 2025

Mint Chennai

Magnets: Maruti explores options

Maruti Suzuki India on Thursday said it is exploring multiple solutions to ensure continuity in its manufacturing operations amid the ongoing rare earth magnet shortage issue.

1 min  |

June 13, 2025

Mint Chennai

What the crash means for Air India, insurers & Boeing

Air India unlikely to get full value of claim for plane, will face liability for loss of life, property

3 min  |

June 13, 2025

Mint Chennai

BioNTech Acquires CureVac for $1.2 Billion to Boost Cancer Biz

BioNTech SE has agreed to buy former COVID vaccine rival CureVac NV for about $1.25 billion in an all-stock transaction to boost its growing oncology business.

1 min  |

June 13, 2025

Mint Chennai

Tencent Reconsiders Nexon Deal to Boost Gaming Portfolio

The move follows the Chinese tech conglomerate's push into Korean assets, including the stake in SM Entertainment

2 min  |

June 13, 2025