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Mint Bangalore

Mint Bangalore

Sarvam raises $234 mn, goal to build next frontier model

Sovereign AI startup now valued at $1.5 billion; HCLTech leads with $150 million commitment

3 min  |

June 16, 2026

Mint Bangalore

DSS acquisition won't move the needle in a big way for Astral

Astral Ltd has announced the acquisition of 60% stake in specialty chemicals company Differentiated and Sustainable Solutions LLP (DSS) via its arm, for ₹39.11 crore in cash.

1 min  |

June 16, 2026
Mint Bangalore

Mint Bangalore

Coders were tech's MVPs. Now they're fighting to stay in the game.

After Christopher Pack earned a master’s degree in computer science in 2022, he immediately landed a software job in California’s Bay Area. Hiring was booming. His tech degree felt foolproof.

3 min  |

June 16, 2026
Mint Bangalore

Mint Bangalore

Anthropic dispatches staff to D.C., racing to resolve AI export curbs

Anthropic is racing to resolve its latest conflict with the Trump administration, meeting with officials and dispatching top technical staff to Washington over the weekend in pursuit of a deal to end export restrictions on its most powerful artificial-intelligence models.

4 min  |

June 16, 2026

Mint Bangalore

Reits, InvITs to hit ₹20 tn AUM by 2030

The real estate and infrastructure investment trusts are poised to double their assets under management to over ₹20 trillion by 2030, as domestic institutions tap only a fraction of their allowed exposure to the asset class, according to a report by Avendus Capital.

1 min  |

June 16, 2026

Mint Bangalore

May gold imports up 34% to $3.41 bn

India’s gold imports rose by 34% year-on-year to $3.41 billion in May, driven by high prices of the precious metal, while silver imports dipped 86.65% to $75.57 million during the month, according to the commerce ministry data.

1 min  |

June 16, 2026
Mint Bangalore

Mint Bangalore

Markets surge as US-Iran truce calms geopolitical jitters

A wave of optimism swept through global markets on reports that the US and Iran had agreed on a deal to end the war, with the agreement expected to be signed in Switzerland on Friday.

2 min  |

June 16, 2026

Mint Bangalore

India-US trade talks to resume next week

The United States Trade Representative (USTR) Jamieson Greer could focus on giving “final touches” to the proposed India-US Bilateral Trade Agreement (BTA) during his upcoming India visit, said commerce secretary Rajesh Agrawal on Monday.

1 min  |

June 16, 2026
Mint Bangalore

Mint Bangalore

Emboldened by success of SpaceX, investors are piling into all things space

Encouraged by the Elon Musk-led company’s successes—and steadily climbing valuation—venture capitalists and private-market investors are stepping up bets on space startups, hoping to find the next breakout stars.

3 min  |

June 16, 2026
Mint Bangalore

Mint Bangalore

Sebi board to speed up AIF launches, revive buybacks

Regulator may clear GARUDA norms to cut AIF scheme launch timelines to 10 working days

3 min  |

June 16, 2026

Mint Bangalore

InMobi turns to AI to fuel ad business ahead of its IPO

InMobi is building a new generation of advertising products designed for an Internet increasingly shaped by artificial intelligence (AI), as the Bengaluru-based adtech firm looks to position itself for the next phase of growth ahead of a planned public listing.

1 min  |

June 16, 2026
Mint Bangalore

Mint Bangalore

Our dropping crime rate is good news but it isn't the whole story

A close look at India’s latest data indicates a need to focus not just on reducing law violations but also on improved reporting

3 min  |

June 16, 2026

Mint Bangalore

Drools parent said to plan IPO, seeks pitches from banks

IB Group, an Indian agribusiness company focused on poultry and livestock and owns Drools Pet Food Pvt Ltd, has held meetings with investment banks for a proposed initial public offering (IPO), according to three people familiar with the matter.

1 min  |

June 16, 2026

Mint Bangalore

Global insurance prices may cool on US-Iran peace deal

The US-Iran deal to end the war in West Asia is likely to lead to some immediate correction in insurance pricing as supply chain pressures ease and aviation picks up, industry experts said.

1 min  |

June 16, 2026
Mint Bangalore

Mint Bangalore

Hybrids hit speed bump on tax tweaks

India’s hybrid car market is losing momentum as electric vehicles (EVs) pull ahead due to rising demand amid the West Asia war-induced fuel concerns and loss of its tax advantage over the fossil fuel variants eroding its appeal.

1 min  |

June 16, 2026
Mint Bangalore

Mint Bangalore

Sebi rejigs ETF rules, introduces dynamic price bands

The Securities and Exchange Board of India (Sebi) has revised the rules governing how exchange-traded funds (ETFs) are priced and traded, including base prices, daily price limits, pre-open auctions and settlement of failed trades, to ensure ETF prices better reflect the value of their underlying assets.

1 min  |

June 16, 2026
Mint Bangalore

Mint Bangalore

Oil surge pushes wholesale inflation up to 9.68% in May

The provisional estimate is the first under the new series, with 2022-23 as the base year

2 min  |

June 16, 2026

Mint Bangalore

Hormuz reopening to soothe fertilizer supply concerns

The reopening of the Strait of Hormuz following the US-Iran agreement to end the war could provide significant relief to India's fertilizer sector, easing supply concerns and lowering input costs that have weighed on the industry for months.

2 min  |

June 16, 2026
Mint Bangalore

Mint Bangalore

How q-commerce is helping consumer startups expand

New-age firms are hitting ₹100 cr in revenue in just 15 months, compared to 2-4 years earlier

3 min  |

June 16, 2026
Mint Bangalore

Mint Bangalore

Noida airport's first test is a slowing aviation market

The airport is targeting up to 5 million passengers in its first year amid a likely lag in demand

3 min  |

June 16, 2026
Mint Bangalore

Mint Bangalore

Airtel opposes Jio's plan to use 5G band for Wi-Fi services

Nearly four years after telecom operators spent ₹15,000 crore acquiring 26GHz spectrum for 5G services, a dispute has emerged over whether the band can be repurposed for Wi-Fi-based broadband.

2 min  |

June 16, 2026

Mint Bangalore

How India responds to the rise of AI will shape its middle class

The impact of AI demands a strategic response to secure our agency over labour market outcomes

3 min  |

June 16, 2026

Mint Bangalore

Delsey Paris plans an innovation ‘tsunami’ in India

French luggage-maker Delsey Paris is increasing its investments in India, which has become its fifth-largest market worldwide, as it looks to catch up with changing travel habits that are driving demand for products beyond traditional suitcases, its global chief executive officer (CEO) Gilles Bariguian told Mint.

1 min  |

June 16, 2026

Mint Bangalore

Apr current account surplus at $4.7 bn: RBI

India recorded a current account surplus of $4.7 billion in April as against a deficit of $4.8 billion in the year-ago month, on the back of higher services exports and net transfer receipts, according to Reserve Bank of India (RBI) data released on Monday.

1 min  |

June 16, 2026

Mint Bangalore

How RBI's latest move made FCNR deposits more rewarding for NRIs

Banks have sharply raised FCNR deposit rates to 5.75-7% after RBI's special swap facility lowered hedging costs

5 min  |

June 16, 2026

Mint Bangalore

Madhusudan Kela buys ₹120 cr flat

Veteran investor Madhusudan Kela has bought a 6,233 sq. ft flat in top real estate firm DLF Ltd’s super-luxury project The Dahlias in Gurugram for ₹120 crore.

1 min  |

June 16, 2026
Mint Bangalore

Mint Bangalore

Control of intelligence: rumbles at the frontier

As the US begins to regulate access to advanced AI models such as Anthropics, India should focus on fresh opportunities thrown up by this policy shift and double down on sovereign AI

2 min  |

June 16, 2026
Mint Bangalore

Mint Bangalore

FAO flags El Nino risk to India's crops, monsoon

UN body said the weather phenomenon raises risks for agri-dependent livelihoods

1 min  |

June 16, 2026
Mint Bangalore

Mint Bangalore

US-Iran deal to spell peace in West Asia, relief for the world

With stocks in Japan and South Korea jumping over 5%, while the Shanghai Composite gained nearly 2%. Indian equities joined in, with the Nifty climbing 1%.

4 min  |

June 16, 2026

Mint Bangalore

Arun Misra set for Vedanta Group CEO role as demerger takes shape

extension of Misra’s tenure as chief executive, from 1 June to 31 July 2026, at the company’s annual general meeting scheduled for 29 June, according to the company’s annual report.

2 min  |

June 16, 2026