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Mint New Delhi

Annapurna Fin to raise $75-100 mn

Annapurna Finance, a non-banking financial company (NBFC) in Odisha, plans to raise $75-100 million in equity this year with some early backers selling their stake in part or full as it looks to grow beyond microfinance, four people familiar with the matter said.

1 min  |

May 22, 2026

Mint New Delhi

SECURED CARDS CAN HELP BRIDGE INDIA'S CREDIT GAP

Awareness about credit cards in India has grown, but penetration remains low at just 8.5%, with 118.6 million cards issued as of end-March. Strict credit appraisal norms have left a large section underserved.

2 min  |

May 22, 2026
Mint New Delhi

Mint New Delhi

AI is ready to go mainstream, Nvidia tells investors

Nvidia Corp., facing more investor scepticism, used its latest quarterly report to tout progress in diversifying the company, which aims to rely less on the giant datacentre operators that have fuelled its runaway growth.

2 min  |

May 22, 2026
Mint New Delhi

Mint New Delhi

Trump, Netanyahu hold ‘testy’ call over Iran

President Trump and Israeli Prime Minister Benjamin Netanyahu held a contentious call Tuesday evening, people familiar with the matter said, with Netanyahu railing against a pact to end the war with Iran and Trump defending the diplomatic process.

3 min  |

May 22, 2026

Mint New Delhi

Early Paytm investors to sell $110 mn stake

Early investors in One 97 Communications, parent of fintech major Paytm, are looking to offload shares worth around $110 million through a block deal on Friday, according to a term sheet reviewed by Mint.

1 min  |

May 22, 2026
Mint New Delhi

Mint New Delhi

Accessible luxury may be a risky selling proposition

I have spent years studying luxury brands, retail behaviour and aspirational consumers across markets, but I must admit that watching the recent frenzy around the alliance of Audemars Piguet and Swatch unsettled me.

3 min  |

May 22, 2026
Mint New Delhi

Mint New Delhi

Sugar exports dip as govt prioritizes domestic supply

India’s sugar exports have fallen below 5% of total production as policy curbs prioritize domestic price stability amid lower output and higher diversion of cane juice towards ethanol production.

1 min  |

May 22, 2026

Mint New Delhi

Aragen Life said to plan $300 mn IPO

Hyderabad-based Aragen Life Sciences Ltd, a contract research and manufacturing firm, is considering an initial public offering (IPO) in Mumbai that could raise as much as $300 million, according to people familiar with the matter.

1 min  |

May 22, 2026

Mint New Delhi

Nifty hits 23,800 ceiling as bears bet against breakout

The Nifty 23,800 level has become a major resistance point for bulls for now, leading market analysts to wonder if bears possess insights others lack despite growing hopes for a West Asian peace deal.

2 min  |

May 22, 2026

Mint New Delhi

FPIs exit Korea, Taiwan; can India gain?

Foreign investors have spent much of this year cutting exposure to Indian equities, diverting some capital to Taiwan and South Korea amid an AI-driven rally and robust semiconductor earnings.

2 min  |

May 22, 2026
Mint New Delhi

Mint New Delhi

Honasa declares 1st dividend after record Q4 net profit

The board of Honasa Consumer Ltd, the parent company of Mamaearth, Aqualogica and The Derma Co, approved a final dividend of ₹3 per equity share, its first ever, after posting a record quarterly net profit of ₹69.4 crore in the March quarter, up nearly 178% year-on-year on a consolidated basis.

2 min  |

May 22, 2026

Mint New Delhi

Zepto plans to float ₹11,000 cr IPO in Jul

Quick-commerce platform Zepto plans to launch its ₹11,000 crore initial public offering (IPO) in July, people familiar with the matter said on Thursday.

1 min  |

May 22, 2026
Mint New Delhi

Mint New Delhi

Forensic audit: an investigative tool in need of a legal framework

As insolvency and other proceedings increasingly use such audits, India must address gaps in the standards these abide by

3 min  |

May 22, 2026

Mint New Delhi

Essential medicine prices may rise as war lifts costs

War disrupts supplies of inputs; hike to be rolled back once supply chains stabilize

3 min  |

May 21, 2026
Mint New Delhi

Mint New Delhi

Tata Capital IPO buoys Tata Sons

A 36,700-crore windfall from the listing of Tata Capital last October will help Tata Sons offset an over 10% decline in dividend income from its listed companies, and help the holding firm end FY26 with its overall revenue higher than the previous year.

3 min  |

May 21, 2026
Mint New Delhi

Mint New Delhi

Mutual funds move to trim KYC costs with own registry

The mutual fund industry is working to create its own KYC Registration Agency (KRA) to slash know-your-customer (KYC) expenses that have become a perpetual burden, four people familiar with the discussions said.

3 min  |

May 21, 2026

Mint New Delhi

Ola misses revenue guidance, cuts loss

Ola Electric Mobility Ltd missed its full-year revenue guidance for FY26 after sales nearly halved amid operational challenges and mounting competition in India’s electric two-wheeler market, with the company’s annual revenue falling below rival Ather Energy Ltd for the first time.

2 min  |

May 21, 2026
Mint New Delhi

Mint New Delhi

‘AI will create jobs—but not fast enough’

India Inc.’s debate over work-from-home is returning on a call from prime minister Narendra Modi as part of a strategy to deal with the repercussions of the West Asia war.

3 min  |

May 21, 2026
Mint New Delhi

Mint New Delhi

IPO proceeds increasingly flow into digital infrastructure

Investors are shifting focus from physical expansion to scalability and capital efficiency

2 min  |

May 21, 2026

Mint New Delhi

How Iran got to the nuclear threshold on the watch of three U.S. presidents

President Trump is confronting a challenge with Iran’s nuclear program that is partly of his own making: a mountain of highly enriched uranium that Tehran has refused to hand over despite two months of war.

5 min  |

May 21, 2026
Mint New Delhi

Mint New Delhi

Altman beat Musk in court but OpenAI could lose Wall Street

This case may well have left the AI firm’s reputation under a cloud

3 min  |

May 21, 2026
Mint New Delhi

Mint New Delhi

Xi steps up call to end West Asia conflict as he hosts Putin in China

The two leaders meet a day after Trump said he'd held off on a new bombardment of Iran

3 min  |

May 21, 2026

Mint New Delhi

‘India a key market for global investors despite recent exits’

Executives at Nippon Life India Asset Management and Deutsche Bank’s asset manager DWS said global investors continue to view India as a key long-term market despite continued foreign portfolio outflows from equities.

1 min  |

May 21, 2026
Mint New Delhi

Mint New Delhi

Greater transparency is good for Indian banking

RBI's move to align bank disclosures with international norms is welcome. Making its own bank-inspection reports public might also support the cause of improved market discipline

2 min  |

May 21, 2026
Mint New Delhi

Mint New Delhi

CEOs are getting ruthless about worker performance

The way Unilever Plc chief executive officer (CEO) Fernando Fernandez starts every meeting at the consumer products maker says a lot about the mindset of corporate bosses who fear their companies have lost their edge.

5 min  |

May 21, 2026

Mint New Delhi

Indraprastha Gas volumes up, but margins face a squeeze

Indraprastha Gas Ltd’s (IGL) Q4FY26 earnings underscored a familiar contradiction for city gas distributors (CGDs)—robust demand growth amid rising concerns over profitability owing to cost pressures.

1 min  |

May 21, 2026
Mint New Delhi

Mint New Delhi

India to launch world’s first rainfall index on 29 May

Starting 29 May, India’s first exchange-traded rainfall derivatives contracts will be open for trading to retail and high-net-worth investors, power utilities, logistics firms and agri-processing businesses, among others.

1 min  |

May 21, 2026

Mint New Delhi

How India can gain from a great power role inversion

Last week, US President Donald Trump's historic two-day meeting with Chinese Premier Xi Jinping, the first in Beijing at this level since 2017, ended without a commercial breakthrough despite the presence of a high-powered technology delegation of 17 American CEOs, including Elon Musk of SpaceX and Jensen Huang of Nvidia.

3 min  |

May 21, 2026
Mint New Delhi

Mint New Delhi

Can a no-contest clause stop heirs from challenging a will?

I am making my will and worry that one of my heirs may challenge it later after my lifetime. Can I include a clause stating that any beneficiary who contests the will would lose their share? Will such a clause be enforceable in India?

1 min  |

May 21, 2026

Mint New Delhi

Rupee drops for a 9th straight session

Declining for the ninth consecutive session, the rupee depreciated 13 paise to close at a fresh lifetime low of 96.86 against the US dollar on Wednesday as elevated global crude prices amid the West Asia crisis stoked inflation worries.

1 min  |

May 21, 2026