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Subscriptions drive Spotify to first-ever annual profit

Mint New Delhi

|

February 05, 2025

Spotify Technology SA posted another quarter of better-than-expected subscriber growth, with the Swedish music company recording its first-ever annual profit.

- Bloomberg

Total active monthly users increased to 675 million, Spotify said in a statement on Tuesday. That compared with the average Wall Street estimate of 664.9 million, according to analysts surveyed by Bloomberg. Paying customers grew to 263 million, also surpassing expectations.

Mint New Delhi'den DAHA FAZLA HİKAYE

Mint New Delhi

Mint New Delhi

Will India sustain its world-beating growth in 2026?

In 2025, India's economic growth stayed strong and inflation low amid geopolitical tensions and trade headwinds. The government also unveiled reforms and targeted stimulus, including tax cuts. Mint examines how the economy fared, and what lies ahead in 2026:

time to read

2 mins

January 01, 2026

Mint New Delhi

Mint New Delhi

TCS hotshots may get to do multiple jobs

Tata Consultancy Services Ltd (TCS) is exploring gig-like hiring arrangements for hard-to-retain specialists in certain roles, signalling a shift as India's $283 billion offshoring sector grapples with a talent crunch amid uncertainty caused by artificial intelligence (AI).

time to read

3 mins

January 01, 2026

Mint New Delhi

Mint New Delhi

External risks on horizon, but RBI keeps faith in local buffers

Financial stability report cautions about exchange rate volatility, trade weakness, muted FDI

time to read

3 mins

January 01, 2026

Mint New Delhi

Mint New Delhi

Paltry AGR relief leaves Vi wobbly

The fate of Vodafone Idea Ltd hangs in the balance, with the Union cabinet on Wednesday clearing a relief plan that punctured hopes, hammered its shares, and shook the company's fundraising hopes.

time to read

2 mins

January 01, 2026

Mint New Delhi

Mint New Delhi

Govt may ease PN(3) to raise Chinese FDI

The Centre is preparing to significantly relax a five-year-old rule that shut out Chinese capital and put existing investments in limbo, easing the stringent Press Note 3 (PN3) diktat issued in the wake of the pandemic outbreak.

time to read

2 mins

January 01, 2026

Mint New Delhi

CENTRE-STATE FISCAL RIFT IS BACK IN FOCUS

The recent transformation of India's flagship rural employment guarantee programme puts a greater financial burden on states, highlighting a long-running source of friction in their relationship with the Union government.

time to read

4 mins

January 01, 2026

Mint New Delhi

Mint New Delhi

Beyond megawatts: Green transition turns to stability

India now eyes storage capacity and a focus on more stable sources such as nuclear power

time to read

3 mins

January 01, 2026

Mint New Delhi

Cabinet clears ₹20,688 crore highway works in two states

The Union cabinet on Wednesday approved road projects worth ₹20,688 crore, including the country's largest ever highway project under the build-operate-transfer (BOT) model, a greenfield 374km Nashik-Solapur-Akkalkot corridor in Maharashtra, a government release said.

time to read

1 mins

January 01, 2026

Mint New Delhi

Govt may ease PN(3) to raise China FDI

Inter-ministerial consultations have already been held in this regard, with a recent such consultation taking place in December,” the person said.

time to read

2 mins

January 01, 2026

Mint New Delhi

India slaps 12% duty on steel imports for 3 years

India has imposed a three-year safeguard duty of 12% on steel imports, according to a finance ministry order issued late on Tuesday, as the government aims to curb cheap shipments, especially from China.

time to read

1 min

January 01, 2026

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