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Mint Chennai - May 28, 2026

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En este número

May 28, 2026

I-T filings flatten as small earners exit

India’s lower-income taxpayers are rapidly exiting the return-filing net after successive tax relief measures raised the basic exemption threshold, reshaping the country’s taxpayer profile.

1 mins

RBI platform on unclaimed deposits exposed data

Reserve Bank of India (RBI) platform meant to help users recover unclaimed bank deposits exposed sensitive personal information online, allowing anyone with a mobile number and one-time password to access details of thousands of dormant accounts, according to an independent researcher whose findings were later corroborated by Mint.

1 mins

Blow to gaming as SC backs tax levy

Court upholds 28% GST, retrospective demand totalling ₹1.5 tn

1 mins

Green energy investments set to gain momentum in India: BII CEO

Green energy investments in India are set to gain momentum and expand further, driven by heightened energy security concerns triggered by the West Asia war, said Leslie Maasdorp, chief executive officer (CEO) of British International Investment.

2 mins

Banks told to expedite Jansuraksha onboarding

The finance ministry has asked major private sector banks to expedite onboarding to the Jansuraksha portal, the national platform for the government's social security insurance and pension schemes, according to multiple people aware of the matter.

1 mins

Petrol pumps to set up infra for blended fuel stack soon

State-run, private oil marketers told to work on E20, E22, E25, E30 fuel-dispensing systems

2 mins

Govt approves ₹25,530 crore overhaul of the PDS network

The cabinet approved a ₹25,530 crore overhaul of its public food distribution network on Wednesday, merging two existing subsidy programmes into a single technology-led scheme designed to feed over 813.5 million beneficiaries more efficiently and with less waste.

1 mins

US delegation to visit India from 1-4 June for talks on trade pact

A delegation from the United States will visit New Delhi from 1-4 June for another round of negotiations on the proposed India-US Bilateral Trade Agreement (BTA), as both sides intensify efforts to finalise an interim trade arrangement and advance broader trade talks.

1 mins

Control, not just FDI, drives insurance M&A

Push for greater control may trigger consolidation in the insurance sector

2 mins

SC relief for Amazon in CCI fine on Future deal

In a relief for e-commerce giant Amazon, the Supreme Court has set aside the Competition Commission of India’s (CCI) ruling imposing a ₹202 crore penalty on the firm for allegedly failing to adequately disclose details of its acquisition of a 49% stake in Future Coupons Pvt. Ltd (FCPL).

1 mins

Selling Essar guarantees will be a long battle for lenders

Banks expect a prolonged recovery process nearly seven years after Essar Steel's insolvency

3 mins

AIESL labour crisis drags on despite firm's softer stance

The labour crisis at Air India Engineering Services Ltd (AIESL), the country’s largest aircraft maintenance, repair and overhaul (MRO) firm, persisted as on Tuesday despite a management climbdown following nearly two weeks of protests.

1 mins

Misleading digital wellness ads mushroom, in challenge to enforcement

A drinkable sunscreen and a roll-on pen claiming to “balance cortisol”. Offshore betting ads woven into cricket reels and influencer pages, vanishing during takedowns only to resurface under new aliases. In FY26, India’s advertising landscape felt less like a regulated market and more like a moving target.

2 mins

RBI's Udgam exposed sensitive user data

absent from both the list and other RBI documentation.

2 mins

PW reins in K-12 hopes as focus shifts to profitability

Edtech major PhysicsWallah is pulling back on its ambitious expansion into K-12 schooling announced in the previous quarter (Q3 of FY26), and reverting to a sharp focus on profitability in its core online and offline education businesses, a top executive of the company said.

1 mins

DS Group brings UK chain Ben's Cookies to India

The Dharampal Satyapal (DS) Group, known for Catch masalas and beverages, has tied up with the UK's Ben's Cookies to launch the chain in India in early June, as it bets on demand for artisanal bakery products.

1 mins

I-T return filings plateau as exemption thresholds rise

The decline in income tax return filings among individuals earning up to ₹5 lakh reflects policy changes rather than weaker tax compliance, according to Vikas Sharma, lead-personal tax at AKM Global.

1 mins

Balkrishna hedges export bets amid trade headwinds

The Poddar family-promoted firm is reworking its strategy with a sharper focus on India

3 mins

How a bankruptcy legislation turned India’s banks around

A decade ago, the banking system was facing ballooning bad loans. Public sector banks were loaded with bad debts, and defaulting promoters retained control of failing companies while creditors waited to recover investments. The Insolvency and Bankruptcy Code (IBC), enacted in 2016, set out to change that.

1 mins

From dirty dozen to IBC 2.0: India’s debt resolution shift

When Parliament took up a new bankruptcy code for passage in May 2016, the minister who replied to the debate in Lok Sabha, Jayant Sinha, mentioned its critical place in the overall economic agenda of the government—a friction-free exit for the corporate sector, complementing the policy support given to startups and entrepreneurship.

2 mins

Europe is starting to think Putin will expand the war beyond Ukraine

Russia is stuck on the Ukrainian battlefield and lashing out with massive strikes on Kyiv. The growing fear in European capitals is that President Vladimir Putin will try next to reshuffle the cards by expanding the conflict to Europe.

5 mins

Ford’s stock is surging— and it’s got nothing to do with its car business

Ford Motor’s stock price has surged to its highest level in nearly three years, and the reason has little to do with cars or trucks.

3 mins

Pentagon cuts forces earmarked for Europe in event of crisis

Change is part of wider approach to reallocate more forces to Asia and the Pacific

4 mins

SC upholds ECI's power to hold SIR

The Supreme Court (SC) on Wednesday upheld the power of the Election Commission of India (ECI) to conduct a special intensive revision (SIR) of electoral rolls, saying the exercise “advances the constitutional imperative of free and fair elections.”

1 mins

Gillette India profit rises 21.3% in Q4

Shaving products maker Gillette India Ltd on Wednesday reported an increase of 21.3% in profit to ₹192.51 crore for the March quarter of fiscal year 2026 (FY26). The company had reported a profit of ₹158.68 crore in the corresponding period last year, it said in a stock exchange filing.

1 mins

Bata profit plunges 95% in Mar quarter

Footwear maker Bata India reported a 95.2% year-on-year drop in consolidated net profit to ₹2.2 crore in the March quarter, hurt by a voluntary retirement scheme (VRS) charge and a forex-related accounting loss. Sequentially, the profit was down by 96.6%.

1 mins

Air India, IndiGo cut domestic flights

Air India, IndiGo and Air India Express are temporarily reducing their domestic flights by 10-22% in the coming months, as the airlines seek to deal with the impact of surging jet fuel prices and relatively lower travel demand, according to officials.

1 mins

India's stalled project rate halves

India’s investment pipeline has hit a significant milestone. The project stalling rate, measured as the value of stalled projects as a share of the total value of projects under implementation, declined to a 12-year low of 5.5% in FY26, down from nearly 11% in 2014-15.

2 mins

Govt healthcare spending triples to ₹3.85 tn in a decade

Government health expenditure as share of GDP sees increase from 1.15% to 1.43%

1 mins

SC upholds 28% GST, retrospective levy

The three-judge bench led by Justice Pardiwala held that online gaming, fantasy sports and similar real-money games involving pooled stakes and prize structures amounted to betting and gambling, and that such activities create “actionable claims” that are taxable under the GST framework.

2 mins

INSIDE INDIA'S CHEMICAL MELTDOWN

The Iran war has shredded the country’s petrochemical supply chain, forcing manufacturers to scramble for raw materials.

7 mins

WHY INSURANCE NEEDS A DISTRIBUTION REVOLUTION, NOT JUST A DIGITAL PUSH

Every few months, India's insurance industry celebrates a new digital milestone. An app promises policy issuance in minutes. An AI chatbot simplifies policy selection. A paperless onboarding journey becomes the latest innovation headline.

2 mins

Bond yields look attractive: bigger returns, bigger risks?

Investors are shifting from FDs to bonds for higher yields, underestimating the downsides

4 mins

Five forces that Indian companies must tackle as one

India’s corporate leaders are growing comfortable with discomfort. The country’s structural growth remains intact.

3 mins

Credit discipline is a big IBC gain: now cut losses

Thanks to a series of amendments and a growing volume of case law, loan repayment has improved vastly. But India must tackle IBC delays before it can deliver on its full potential

2 mins

Liberate Indian schooling from its information-overload legacy

Education reforms aim to turn the focus from facts to faculties but implementation has been slow

3 mins

How Pakistan is defying some of the world’s investing myths

This emerging economy is holding up well against a big oil shock

3 mins

India Inc’s AI adoption mustn’t overlook legal liability

The most troublesome presence at a board meeting once used to be that of an activist investor.

3 mins

Insolvency and Bankruptcy Code: adopt the discipline of letting go

A business exit is not failure but a delayed resolution is. Let’s ensure that we dont destroy value in the name of preserving it

4 mins

The deeply satisfying comfort of Lithuanian food

From pink soups and potato dumplings to meat pies, the local cuisine is best enjoyed at women-run canteens

4 mins

The deeply satisfying comfort of Lithuanian food

From pink soups and potato dumplings to meat pies, the local cuisine is best enjoyed at women-run canteens

4 mins

A meteorologist who helped the Allies save D-Day

The tense 72 hours before the invasion are brought to life in the film Pressure

2 mins

Hurdles and hopes of aspiring cricketers

A new book explores stories of toil, poverty, rejection, politics, casteism and luck behind the glamour and glitz of a career in cricket

4 mins

Lea todas las historias de Mint Chennai

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