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Mint Kolkata

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 Kolkata

Ethiopia wants loan yuan denominated

Ethiopia started talks with China to convert at least part of the $5.38 billion it owes Beijing into yuan-denominated loans, following an example set by Kenya that bolsters China’s efforts to internationalize its currency.

1 min  |

October 22, 2025

Mint Kolkata

'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 Kolkata

Mint Kolkata

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 Kolkata

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 Kolkata

As Bollywood movies fizzle, microdramas lift Deepavali

On Deepavali in 2007, Shah Rukh Khan's Om Shanti Om and Saawariya, featuring debutants Ranbir Kapoor and Sonam Kapoor, were vying for millions of Indian to watch their movie in cinema halls.

2 min  |

October 22, 2025

Mint Kolkata

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 Kolkata

Mint Kolkata

The smartphone that grew up, but forgot to have fun

The phone doubles down on strength and design, but are the extra heft and modest upgrades satisfactory?

4 min  |

October 22, 2025
Mint Kolkata

Mint Kolkata

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 Kolkata

Mint Kolkata

Power, real estate are bright spots amid India’s capex gloom

their revenue to capital expenditure between FY23 and FY25. Their decision to keep their powder dry highlights a widespread and persistent trend of corporate timidity amid uncertainties.

2 min  |

October 22, 2025

Mint Kolkata

India’s sunshine law: Clouded by the data privacy bill

In March 2003, the Supreme Court passed a historic verdict that filled a legislative gap.

3 min  |

October 22, 2025

Mint Kolkata

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 Kolkata

Mint Kolkata

Small stores slow to pass on GST rate cuts

maximum retail prices (MRPs). ‘They have the option to affix new price stickers.

2 min  |

October 22, 2025

Mint Kolkata

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 Kolkata

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 Kolkata

Mint Kolkata

Luxe car buyers stick to sedans, SUVs lure rest

the 15,810 vehicles BMW sold in India in FY25, said Hardeep Singh Brar, president and chief executive at BMW Group India. He added that this was because high-end sedans were much more luxurious and comfortable than most SUVs.

1 min  |

October 22, 2025
Mint Kolkata

Mint Kolkata

How China took over the world's rare-earths industry

Beijing used bare-knuckle tactics in multidecade effort to consolidate control over supplies

6 min  |

October 22, 2025

Mint Kolkata

Recent Nobel prizes for economics seem rich in irony

This year’s Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel was awarded “for having explained innovation-driven economic growth,” with one half to Joel Mokyr “for having identified the prerequisites for sustained growth through technological progress” and the other half jointly to Philippe Aghion and Peter Howitt “for the theory of sustained growth through creative destruction.”

3 min  |

October 22, 2025
Mint Kolkata

Mint Kolkata

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 Kolkata

Mint Kolkata

Aspirational GDP growth of 8%: The big challenge we must meet

We will need strong domestic savings plus policies that support local demand, enhance productivity and aid macro stability

3 min  |

October 22, 2025
Mint Kolkata

Mint Kolkata

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 Kolkata

Deloitte's AI debacle in Australia isa warning for all early adopters

That a report riddled with AI hallucinations was sent to a government should be a wake-up call

3 min  |

October 22, 2025

Mint Kolkata

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 Kolkata

Mint Kolkata

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 Kolkata

Rooftop solar: Can it really lower your electricity costs?

Rooftop solar can significantly reduce electricity bills, especially for high-power consumers

4 min  |

October 22, 2025

Mint Kolkata

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 Kolkata

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 Kolkata

UltraTech fires up expansion, north peers left in the cold

An-India focused UltraTech Cement announced the fourth phase of its capacity expansion alongside its September quarter (Q2FY26) results last week.

1 min  |

October 22, 2025
Mint Kolkata

Mint Kolkata

Despite abstemious Gen Zs, the booze industry is going strong

he Lucky Saintin central London looks like any other pub. Big wooden barrels double as tables. Bartenders pull pints, But thisisn’t a regular watering-hole.

3 min  |

October 22, 2025

Mint Kolkata

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