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Mint Bangalore

Mint Bangalore

Cash crunch at AGS hits banks' ATM ops

A cash crunch at India's second-largest ATM manager AGS Transact has begun to impact cash dispensers of some of India's top domestic banks, after sparking defaults on bank loans, statutory payments and staff salaries.

2 min  |

February 14, 2025

Mint Bangalore

IFC Invests in India's 1st Sustainable Road Bond

International Finance Corporation (IFC), the private sector arm of the World Bank, has invested ₹860 crore ($98.35 million) in India's first sustainability-linked bond (SLB) issue in the highways sector.

1 min  |

February 14, 2025
Mint Bangalore

Mint Bangalore

Romancing the chatbot, in the age of AI

Director-writer Spike Jonze's 2013 sci-fi film Her, coincidentally set in 2025, depicts a gentle but doomed romance between a lonely writer Theodore and his personal operating system Samantha.

2 min  |

February 14, 2025
Mint Bangalore

Mint Bangalore

India Comfortable Near $70-a-Barrel Crude Price

The current situation is good; if it comes down from $73-74 per barrel, it's even better. Hardeep Singh Puri Union minister for petroleum and natural gas

3 min  |

February 14, 2025
Mint Bangalore

Mint Bangalore

Interim REL chief to replace Saluja

An 18-month public spat over control of Religare Enterprises Ltd (REL) finally ended on Thursday with the company confirming chairperson Rashmi Saluja's ouster and the appointment of independent director Praveen Kumar Tripathi as interim chairman.

2 min  |

February 14, 2025

Mint Bangalore

Bullish or bearish? Mint tests mkt mood

Stocks have taken a sharp fall, tumbling 12% since their September peak.

2 min  |

February 14, 2025

Mint Bangalore

Leyland's margin run may go on

Shares of Ashok Leyland Ltd closed nearly 8% higher on Wednesday, as investors cheered the company's robust margin performance in the December quarter (Q3FY25).

2 min  |

February 14, 2025

Mint Bangalore

GST Council weighs rate rejig to lift consumption

Council may drop 12% slab, shift several items to 5%, and others to 18%

3 min  |

February 14, 2025

Mint Bangalore

Karnataka MFI ordinance isn't that bad, but industry is still worried

The new ordinance notified by the Karnataka government to regulate microfinance loan recoveries may have come as a relief to non-bank microfinance companies regulated by the Reserve Bank of India (RBI), but experts warn that collections could get impacted in the next two quarters.

2 min  |

February 14, 2025

Mint Bangalore

FY26 to see drop in road execution

The execution of road construction by the ministry of road transport and highways (MORTH) will decline by 5% in fiscal year 2026 (FY26) to 9,500-10,000km from the estimated road construction of 10,000-10,500km in FY25, ratings agency Icra said in a report.

1 min  |

February 14, 2025

Mint Bangalore

Income tax bill tabled; FM seeks review by LS panel

Legislation gives priority to simplicity, clarity, reduction in litigation arising from complexity

2 min  |

February 14, 2025

Mint Bangalore

Tax relief in budget for middle class, not rich: FM

Finance minister Nirmala Sitharaman on Thursday defended the tax relief measures in the Budget, emphasizing that they primarily benefit middle-income earners.

1 min  |

February 14, 2025

Mint Bangalore

Pristyn Care grapples with exits, cash crunch

The firm became a unicorn in 2021 after raising $100 million in Series E

2 min  |

February 14, 2025

Mint Bangalore

Domestic demand saves the day for SAIL in Dec quarter

Steel Authority of India Ltd's (SAIL) shares have risen 9% in the past two trading days as the Q3FY25 results did not disappoint in an otherwise weak market for metal stocks.

1 min  |

February 14, 2025

Mint Bangalore

Imagicaaworld to raise ₹345 crore

The board of Imagicaaworld Entertainment Ltd, an amusement and water park operator owned by Maharashtra-based Malpani Group, has approved a proposal to raise ₹345 crore through a preferential issue of a mix of equity and warrants at ₹73.50 apiece.

1 min  |

February 14, 2025
Mint Bangalore

Mint Bangalore

ONGC-NTPC JV seals ₹6,600 cr Ayana deal

The sale will rank among the largest deals in India's green energy space

2 min  |

February 13, 2025
Mint Bangalore

Mint Bangalore

HOW TO PREPARE FOR RETIREMENT IN A WORLD OF INCREASING LIFE EXPECTANCY

FIRE centres on smart strategies and informed investments for lasting financial stability

2 min  |

February 13, 2025
Mint Bangalore

Mint Bangalore

RBI allows Kotak to onboard online, credit card customers

Regulator grants relief 10 months after its embargo cited deficiencies and non-compliance

2 min  |

February 13, 2025
Mint Bangalore

Mint Bangalore

New income tax Bill to use formulas over definitions

Term 'tax year' to be introduced to specify year of earning income for which liability is computed

2 min  |

February 13, 2025
Mint Bangalore

Mint Bangalore

Market meltdown may shrink startup IPOs and valuations

More than two dozen startups may go public in the coming months, including potential billion-dollar issues

2 min  |

February 13, 2025
Mint Bangalore

Mint Bangalore

Donald Trump Advisers Eye Bank Regulator Consolidation

Trump administration officials are discussing plans to curtail and combine the power of banking regulators—without Congress’s input.

2 min  |

February 13, 2025
Mint Bangalore

Mint Bangalore

Elon Musk defends cost-cutting efforts in Oval Office appearance

Trump signed an executive order giving DOGE more authority to reduce the size of the federal workforce

4 min  |

February 13, 2025
Mint Bangalore

Mint Bangalore

Trump's 'man of steel' posture will make America great again

Learn from the past: Metal tariffs will injure the US and its allies

3 min  |

February 13, 2025
Mint Bangalore

Mint Bangalore

India May Pause E-comm Policy as Trump's Entry Spurs Caution

India's proposed comprehensive e-commerce policy that has drawn strong interest from global entities such as Amazon and Walmart may be put on the back-burner, two people aware of the matter said, as countries pause and reassess priorities in the wake of an eventful regime change in the US.

2 min  |

February 13, 2025
Mint Bangalore

Mint Bangalore

I recently received a ₹50 lakh windfall. How should I invest it?

A ₹50-lakh windfall offers a valuable opportunity to reassess your financial strategy, particularly in the context of retirement planning and funding your children's education over the next 8–15 years.

1 min  |

February 13, 2025
Mint Bangalore

Mint Bangalore

ITC Taps Orkla to Acquire MTR, Eastern for $1.4 Billion

If deal does not go through, Orkla India will press ahead with public issue plans

3 min  |

February 13, 2025
Mint Bangalore

Mint Bangalore

Blackstone, two others eye 51% in Gland Pharma

Global private equity firms Blackstone, Brookfield and Warburg Pincus are in talks to acquire a majority stake in Hyderabad-based Gland Pharma Ltd from China's Shanghai Fosun Pharmaceutical Co. Ltd in a deal expected to value the firm at nearly $3 billion, three people with knowledge of the development said.

2 min  |

February 13, 2025
Mint Bangalore

Mint Bangalore

Fake drug crackdown may net chemists, wholesalers

In the battle against fake drugs, chemists and wholesalers have always been spared the whip. May be not for long.

3 min  |

February 13, 2025
Mint Bangalore

Mint Bangalore

Trump's climate rollback mustn't slow our green transition down

The economic case for sustainability is clear. A policy reversal in the US should nudge India to strengthen its climate efforts

3 min  |

February 13, 2025
Mint Bangalore

Mint Bangalore

Prudential Plc eyes listing of ICICI Prudential AMC

AMCs were investor favourites during the bull run, but the recent market correction has flipped the script

1 min  |

February 13, 2025