Mint Mumbai - April 28, 2025

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April 28, 2025

Battery drive slows in FY25, e-2w subsidies miss target

India's subsidy strategy to electrify its roads with clean-fuel vehicles has got a jolt with the number of e-two-wheelers (e2W) that were subsidized falling well short of the target in the first fiscal year (FY25), according to government data seen by Mint.

2 mins

Early birds steady wings after a dip in December quarter

A cautiously hopeful tone prevails in the stock market as March quarter earnings trickle in. Initial earnings suggest that companies emerged from a demand contraction in the quarter, though the recovery remains muted.

3 mins

FPIs Take India-Pak Tension on the Chin

Investors trim put options, stock up purchases in cash segment

2 mins

Russia Will Keep Hitting Ukraine's Army Sites

Russia will continue to target sites used by Ukraine's military, Russia's foreign minister said in an interview broadcast on Sunday, as Ukrainian President Volodymyr Zelensky reported that Russia had already conducted 70 attacks.

1 min

Sustainability sticks in EU trade talks

The India-European Union free trade talks have gathered pace with both partners starting sector-specific negotiations for the first time after narrowing chapter-wise differences.

2 mins

PAHALGAM SHOULD BE HANDLED WITH A FIRM, WISE HAND

Hundreds of social media handles are now actively fomenting religious hatred

3 mins

Wheat Procurement 54% Over Year Before

Punjab Leads Procurement With 5.92 Million Tonnes as of 23 April Compared With 3.49 Million Tonnes in the Same Period Last Year

1 min

Is that paneer on your plate artificial or real? Centre wants to know

The government is working on a plan to ensure that consumers are not misled while ordering paneer dishes.

2 mins

CPSE payout to swell central coffers by ₹80,000 cr in FY26

Robust earnings, focus on boosting returns are expected to sustain dividend inflow growth

2 mins

Huawei to test new AI chip, take on Nvidia

China's Huawei Technologies Co., Ltd is preparing to test its newest and most powerful artificial intelligence (AI) processor, hoping to replace some higher-end products of US chip giant Nvidia, the Wall Street Journal reported.

1 min

Peak XV seeks AI edge with strategic investments in US

The VC targets $1.4 bn fundraise, strengthening US network with strategic fund investments

3 mins

Insta Blend boosts reach of shared reels

Meta-owned social media platform Instagram has launched \"Blend,\" a new feature that lets users create shared feeds of Reels with friends in direct messages, fueling excitement among influencers who anticipate increased reach and follower growth.

1 min

Fortum sells Indian renewable arm to Hexa

Finland's state-run energy utility Fortum Oyj is exiting India's renewable energy market by selling its platform Fortum India Pvt. Ltd (FIPL) to New York-based I Squared Capital-backed Hexa Climate Solutions in a deal that includes its management company and carbon credits, two people in the know said.

1 min

Perils, comforts for RIL in FY26

Reliance Industries Ltd's Q4FY25 results show that EBITDA, from its consumer-facing businesses, has outpaced commodity businesses for the fourth quarter in a row. Retail and digital (mainly telecom) reported an EBITDA growth of 17% year-on-year (y-o-y) to ₹23,526 crore, while oil-to-chemicals (O2C) and upstream showed a 10% drop to ₹20,203 crore.

2 mins

The Art Of Using 'Meh' Macros For Stockpicking

Experience told Bertie that investors prize superior growth in a slowing economy

3 mins

India resilient, not immune to global shocks

India may emerge as a relative outperformer if the agreement with the US materializes Nirmal Jain Founder, IIFL Group

2 mins

IndusInd Bank to take $230 mn hit

IndusInd Bank Ltd, India's fifth-largest private lender by assets, said on Sunday it would take a $229.56 million hit to its accounts for the financial year ended 31 March because of the incorrect treatment of derivatives going back several years.

1 min

Macrotech to invest ₹8,000 cr to buy land

Realty firm Macrotech Developers Ltd plans to invest more than ₹8,000 crore this fiscal to acquire land parcels in Mumbai Metropolitan Region (MMR), Pune and Bengaluru for building housing projects as part of its expansion plan.

1 min

Dyspro-what? Why an obscure element has the EV industry in a panic

Rare-earth mineral dysprosium, used for magnets in EV motors, is among exports China slowed in response to Trump's trade war

4 mins

'DHL evolving strategies, helping more biz go global' Gaurav Laghate randum of understanding)

In a category defined by intense price competition and operational complexity, DHL Express India is carving a distinct position by simplifying the global trade experience for businesses.

2 mins

BEYOND CARTEL CLAIMS: FIXING THE BROKEN MEDIA MODEL

The recent investigation initiated by the Competition Commission of India (CCI) into the alleged cartelization by media agencies following a complaint has sparked conversations across the advertising ecosystem.

2 mins

From brand banter to courtroom battles

Comparative advertising is quite prevalent in Western markets. Major competing brands frequently engage in advertising battles.

4 mins

Axis Bank to raise $6.4 bn via debt, equity

Axis Bank Ltd plans to raise ₹20,000 crore ($2.3 billion) through a share sale as part of a bigger capital raise that includes debt.

1 min

FIITJEE founder refutes ED's charges

IITJEE founder D.K. Goel on Sunday rejected the Enforcement Department's charges of a ₹250 crore fraud at his coaching institute, asserting there has been no diversion of funds as claimed.

1 min

Tech's Big Five Cautious on Salary Hikes, Hiring

Caution on pay hikes as uncertainty prevails; hiring decisions quarter by quarter

2 mins

SP Real Estate rejigs top deck with two CEOs

Both CEOs will report to Venkatesh Gopalakrishnan, MD, SPRE, and director, group promoter's office

1 min

Chinese Manufacturers Are Scouring the World to Find New Buyers

At Stake Are About 10 Million to 20 Million Jobs in China Geared Toward Making Products for U.S. Consumers

4 mins

Trump 2.0 era brings a flurry of crypto deals

With Trump back in the presidency, many bankers and advisers anticipate a boom in digital-asset deals

3 mins

A Reckoning for the Magnificent Seven Tests the Market

Even After a Rally This Past Week, the Magnificent Seven Are Off to Their Worst Start to a Year Since the 2022 Slide

3 mins

PVR INOX expands via Foco model

Cinema exhibitor PVR INOX is betting big on franchise-owned company operated (Foco) model to expand its presence beyond metros to high-potential tier II and tier III cities while also seeking to spread its affordable luxury offering, according to its chief executive officer Pramod Arora.

1 min

Hindustan Zinc eyes potash mining

(HZL) plans to foray into potash mining and is eyeing a block in Rajasthan which has a fair chance of having lithium reserves; also, a top official of the company said.

1 min

India to ask US for tech access parity

India may ask the US to ease export controls and grant access to critical tech on par with American allies like Australia, UK, and Japan in the proposed bilateral trade agreement (BTA), people aware of the matter said.

1 min

Economy to grow + 6.5% this year: RBI

India's economy is likely to expand 6.5% this year, making it the fastest-growing major economy despite rising global uncertainties, according to the Reserve Bank of India (RBI).

1 min

McDonald's to get $150 mn to expand

Connaught Plaza Restaurants Pvt Ltd (CPRL), the master franchiser for McDonald's in India for north and east regions, has plans to invest up to $150 million (₹1,280.7 crore) in next three to four years for expansion of network of quick service restaurant outlets, said a top company official.

1 min

PM Modi Assures Justice to Pahalgam Victims' Families

He said the attack came when Kashmir was seeing peace and a blossoming economy

1 min

India, Netherlands Discuss Trade

India and the Netherlands have discussed ways to boost trade and investments ties during commerce secretary Sunil Barthwal's visit to Hague.

1 min

Why Deeptech Lacks Depth in India

India's global startup playbook, built for SaaS and scale, is ill-suited for deeptech

8 mins

Travel insurance for diabetics: key points

I have Type 2 diabetes and we're planning an international family holiday. My husband insists on travel insurance for my condition. Will it cover emergency treatment abroad? -Name withheld on request

2 mins

When Simple Math Errors Cost More Than Just Money

Confusing basics—interest rates, returns & loans—can lead to big financial consequences

3 mins

Why the Marcellus founder raised his stake in global equities to 40%

Mukherjea's investment strategy balances global and Indian equities amid rising costs and economic disruptions

4 mins

Nuclear power projects: Keep all options in play

India should invite FDI in nuclear power plants and align its laws for it. Small modular reactors are useful. But our fast-breeder plan mustn't suffer neglect. Fuel security is vital

2 mins

India and Peru: Distance Makes Our Economic Ties Grow Stronger

Peru's investment environment, natural resources and trade connections make it a valuable partner

3 mins

Who would've thought something could replace Google

ChatGPT's chatty search is very useful but let's not pretend that it can be creative in any authentic way

4 mins

Innovation isn't just about labs: It needs buyers to rely upon too

The government should step in forcefully with its visible hand to generate demand that the market's invisible hand cannot

4 mins

Insolvency: Do committees of creditors need oversight?

The IBC record reveals a need to ensure resolutions that are both more equitable and faster

3 mins

Tesla's troubles began before Musk donned the MAGA cap

Musk's association with Trump politics has only added to its woes

3 mins

An office design that puts worker wellness first

Today's office needs to go beyond the traditional ergonomic approach

2 mins

The power of hitting pause during a workday

Due to the inability to carve out more personal time, employees often have a myopic view of their careers

4 mins

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