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Mint New Delhi

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 New Delhi

Microsoft Crosses $4 Trillion Valuation

Microsoft Forecast a Record $30 Billion Capital Spending for the First Quarter to Meet Soaring AI Demand

1 min  |

August 01, 2025

Mint New Delhi

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 New Delhi

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 New Delhi

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 New Delhi

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 New Delhi

Hyundai Flexes Margin Muscle, But Revving Up Growth Is Key

Running on margin

1 min  |

August 01, 2025

Mint New Delhi

State-run PNB Expects MTNL Debt Resolution in 4 Months

State-owned telecom operator Mahanagar Telephone Nigam Ltd's (MTNL) debt resolution is expected in the next 3-4 months, a top official of one of its lenders said on Thursday.

2 min  |

August 01, 2025

Mint New Delhi

TVS flags magnet threat even as scooter profit soars

Curbs on rare earth magnets, imported majorly from China, has prompted TVS Motor to look for other sources

2 min  |

August 01, 2025

Mint New Delhi

Trump's 25% Tariff Threat Puts $87 Billion in Indian Exports at Risk

India's $87 billion export pipeline to the US is facing fresh turbulence after President Donald Trump proposed a 25% reciprocal tariff on Indian goods, escalating trade tensions just days before a pause on such duties is set to expire.

2 min  |

August 01, 2025

Mint New Delhi

Indian VC firm Avataar backs US cybersecurity company

Palo Alto, US-based cybersecurity platform Safe Security has raised $70 million in a Series C round led by business-to-business (B2B) software as a service (SaaS)-focused investor Avataar Venture Partners.

1 min  |

August 01, 2025

Mint New Delhi

Mounjaro as good as older drug on heart-attack risk

More than 13,000 people with type 2 diabetes and a history of heart disease were enrolled in Lilly's trial

2 min  |

August 01, 2025

Mint New Delhi

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 New Delhi

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 New Delhi

Expensive SUVs Help Maruti Make Up for Domestic Blues

Growth was largely due to sales of pricey models such as Grand Vitara, Fronx, Jimny, Brezza

2 min  |

August 01, 2025

Mint New Delhi

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 New Delhi

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 New Delhi

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 New Delhi

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 New Delhi

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 New Delhi

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 New Delhi

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 New Delhi

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 New Delhi

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 New Delhi

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 New Delhi

Indus Towers pauses shareholder payouts amid Vi woes, high expenses

In 2024, Indus Towers conducted a share buyback—its first since 2016—worth ₹2,640 crore

2 min  |

August 01, 2025

Mint New Delhi

Sun Pharma net profit falls on US antitrust settlement

Sun Pharmaceutical Industries Ltd's revenue from operations for the April-June period beat Street expectations to rise 9.4% year-on-year to ₹13,851 crore. However, the drugmaker's net profit fell on exceptional items including settlement costs in a pricing antitrust litigation in the US and discontinuing clinical studies on one of its drugs.

1 min  |

August 01, 2025

Mint New Delhi

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 New Delhi

Mahindra Continues to Rake in Profits as SUV Sales Surge

The company sold 152,067 units in Apr-June, displacing Hyundai as the 2nd largest carmaker

2 min  |

July 31, 2025

Mint New Delhi

Freshworks eyes engineers with key skills amid AI push

Uptake of cutting-edge tools may see the company hiring higher-value employees instead of freshers

1 min  |

July 31, 2025