Mint Mumbai - March 13, 2025

In this issue

March 13, 2025

US, India spar over e-com business models, policies

The US wants its companies to operate on the inventory model, India resists

3 mins

3 PE giants close in on $1 bn AGS deal

Global private equity firms Blackstone Inc., General Atlantic and TPG Capital are moving in to acquire EQT-backed revenue cycle management firm AGS Health for around $1 billion, said two people with knowledge of the deal.

1 min

Can Musk hype, Airtel-Jio boost Starlink services?

The back-to-back marketing agreements signed by US-based Starlink with Bharti Airtel and Reliance Jio has finally paved the way for launch of the Elon-Musk-owned satellite internet provider's services after an initial attempt four years ago.

3 mins

Govt weighs nil GST for health & life insurance, industry eyes 12%

There is unanimity on the need to reduce the goods and services tax (GST) on health and life insurance premia from 18%, but consensus eludes on what the final rate should be: nil, 5% or 12%.

3 mins

Blackstone to expand credit, infra biz in India

Blackstone Group Inc. of the US will build out its credit and infrastructure verticals in India to complement its private equity (PE) and real estate businesses, senior executives at the firm said, adding that the firm is expecting to double its India assets under management (AUM) over the next three years.

2 mins

Why India's generics players are betting on this diabetes drug

A blockbuster diabetes drug will soon be available to Indian patients at a tenth of its original cost, as its patent expires.

3 mins

Retail inflation hits 7-month low on easing food prices

Industrial output growth picked up in January, after slowing down in the previous month

2 mins

States, UTs gear up for checking narcotic drug abuse

The government may make it mandatory for packages containing narcotics to carry a barcode while it mulls building a portal to identify, track and monitor the illegal sale of narcotics.

1 min

LS Passes Bill to Boost Oil and Gas Sector

The Proposal to Delink Petroleum Ops from Mining Is Expected to Bring in More Investments into the Sector

2 mins

Online Dispute Resolution for Small Firms Soon

The government is set to digitize dispute resolution for small businesses, according to two people aware of the development, aiming to improve their ease of doing business and resolve rows over delayed payments.

1 min

India, Mauritius Ink Eight Pacts, Enhance Strategic Partnership

India and Mauritius on Wednesday elevated their ties to an 'enhanced strategic partnership' and inked eight pacts to boost cooperation in several sectors including trade and maritime security even as Prime Minister Narendra Modi unveiled an ambitious vision for the development of the Global South.

1 min

ChrysCap to Raise Record $2.1 Billion Buyout Fund

ChrysCapital Management Co. has secured $2.1 billion for its latest private equity (PE) fund, marking the biggest capital raising by an Indian buyout shop, according to people familiar with the matter.

1 min

Shrinking AI: India Inc rushes to build smaller-scale models

Small language models are easy to customize, and are cheaper than LLMs like ChatGPT

3 mins

Auto stocks correct, but no clearance sale yet

Sales blitz

2 mins

Why Sebi's new rules on RPTs are facing backlash

The directive mandates stricter disclosures and certifications to ensure transparency in RPTs

1 min

US inflation eases, in a relief ahead of tariffs

S consumer prices rose at the slowest pace in four months in February, offering some reprieve ahead of tariffs that are expected to drive costs higher.

1 min

Emami grooming for better future. Can growth catch up?

A peak point Emami's Ebitda margin hit a 12-quarter high in Q3FY25, driven by cost efficiencies and premiumization.

1 min

Bharti Hexa: Airtel in tiny pack

Cash call

2 mins

Rebel Foods to invest ₹150 cr in Wendy's

Wendy's plans to add 300 new delivery-only kitchens and standalone outlets in India via Rebel Foods

1 min

Sony Charts New Path For Animation

AY! Animations, owned by Sony Pictures Networks India (SPNI), is charting a new path for production of animation content to be hosted on its own kids' television channel Sony YAY! and rival streaming platforms, a company official said.

2 mins

TSMC Pitches Intel JV to Nvidia, Broadcom

Under the proposal, TSMC would operate Intel's foundry division

2 mins

IT stocks tumble as analysts doubt a rebound in growth

Brokerages unsure of a speedy recovery after clients cut spending amid global uncertainty

3 mins

After Maha Kumbh, Holi and Eid Keep Travel Boom Going

Demand is spilling over into Holi hotspots like Mathura, Vrindavan, and beach destinations

3 mins

Google launches AI models for robotics

Alphabet's Google launched two new artificial intelligence (AI) models tailored for robotics applications on Wednesday based on its Gemini 2.0 model, as it looks to cater to the rapidly growing robotics industry.

1 min

SLMG to pour $1 bn in Coca-Cola expansion

Lucknow-based SLMG Beverages Pvt. Ltd, a major Coca-Cola bottler in India, plans to invest up to $1 billion by 2030 to expand its production capacity in the populous states of Bihar and Uttar Pradesh, according to a company executive.

1 min

OpenAI Wants Businesses to Build Their Own AI Agents

OpenAI is giving businesses the ability to build their own artificial intelligence agents, which are technologies that can independently perform tasks on behalf of humans.

2 mins

China Is Mapping the Seabed to Unlock a New Edge in Warfare

China is rapidly expanding ocean exploration in waters far beyond its shores, sending out a fleet of vessels whose research offers Beijing valuable military intelligence as it expands its naval reach and menaces U.S. allies.

4 mins

Ukraine Accepts US-Brokered Ceasefire Plan in Deal for Aid

The US will now take the proposal to Russia's President Vladimir Putin to seek his agreement

3 mins

Greenland election surprises as winner favors slow independence

Greenland's voters threw their weight behind a slower approach to independence, electing Demokraatit as the surprise winner in a general election overshadowed by Donald Trump's plans to take over the Arctic Island.

2 mins

IndiGo to invest $45 mn in IFSC arm

InterGlobe Aviation, the parent of the country's largest airline IndiGo, will invest up to $45 million in its subsidiary InterGlobe Aviation Financial Services IFSC Pvt. Ltd.

1 min

ArcelorMittal Nippon sues India

ArcelorMittal's India joint venture has sued New Delhi for rejecting imports of a steelmaking raw material, saying it was incorrectly imposing import curbs retroactively, escalating its fight over a policy change that is hurting its business, documents show.

1 min

French publishers, authors sue Meta

French publishers and authors said on Wednesday they're taking Meta to court, accusing the social media company of using their works without permission to train its artificial intelligence (AI) model.

1 min

Vedanta repays $900 million loan

Mining conglomerate Vedanta Ltd repaid a $900 million high-cost loan through a mix of qualified institutional placement (QIP) proceeds and a new $350 million facility at a lower interest rate, resulting in $550 million net deleveraging and further strengthening of its balance sheet, people said.

1 min

RBI Probing Banks' Derivatives Books

India's central bank is examining derivatives exposures of some private and state-run banks days after IndusInd Bank disclosed lapses in its derivatives accounting, three people said on Wednesday.

1 min

PFC Gets Govt Nod To Raise ₹10,000 Cr

Power Finance Corp. (PFC) has received government approval to raise up to ₹10,000 crore ($1.15 billion) through a rarely used corporate bond structure.

1 min

'Hiring in IT industry to remain low'

Indian information technology (IT) companies are expected to see moderate revenue growth of 4-6% in FY26, with hiring likely to remain subdued until growth accelerates towards the end of the fiscal year, according to credit rating agency Icra.

1 min

Alibaba Releases AI Model That Reads Emotions to Rival OpenAI

Alibaba Group Holding Ltd has released a new artificial intelligence (AI) model that it says can read emotions, in an apparent bid to outpace OpenAI's latest model.

1 min

Amazon, Google to help n-energy goal

Major companies such as Amazon and Google on Wednesday signed a pledge to support the goal of at least tripling the world's nuclear energy capacity by 2050, on the sidelines of the CERA Week conference in Houston.

1 min

Ola Electric Saving ₹90 Cr By Cost-Cuts

Ola Electric has managed to save ₹90 crore ($10.3 million) a month from a cost-cutting programme it began in November, the company said on Wednesday.

1 min

Jaguar Land Rover Shelves Plan to Build EVs at Tata's India Plant

The shelved plans called for JLR to manufacture more than 70,000 electric cars there

1 min

Why JioHotstar Needs Batting Depth

The Disney+Hotstar-JioCinema merger has created a streaming giant. But experts say it relies too much on IPL

8 mins

Equities, Debt and More: How You Can Invest in a Fully Valued Market

A disciplined, principle-based approach can help investors optimize their portfolios

3 mins

ASK stakes revival on manufacturing, energy

Will ASK PMS recover its mojo?

4 mins

IndusInd Bank: Lessons for RBI as well as others

When it comes to banks, investors and depositors march to a different tune. Yet, this week's market mayhem in IndusInd Bank shares leaves all stakeholders plenty to think about

2 mins

Forgetting history can be costly and especially so while investing

Why be condemned to repeat past mistakes? Alas, investors seem to have woefully short memories

3 mins

Global alliances have shifted: So have German policies

Germany is set to lift its debt cap and defence spending in response to the new world disorder

4 mins

India's GDP Growth Revisions Are Routine and Not Eyebrow-Raising

We should, however, refine data collection further, incorporate alternative data sources and accelerate statistical releases

3 mins

Faith or forethought? Newbie investors are taking big risks

India's retail investment revolution requires policy-level attention

3 mins

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