Mint Kolkata - June 13, 2025
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June 13, 2025
Goyal Discusses Trade, FTA Prospects With Sweden
Commerce minister Piyush Goyal on Thursday held wide-ranging discussions with senior Swedish government officials and industry leaders in Stockholm, as part of a broader effort to strengthen India's economic partnership with Europe.
1 min
After US duty hike, India now faces EU heat on steel quota
India, which is under \"other countries\" category, must share a pooled quota of 12,500 tonnes
2 mins
RBI to bar offshore fixed deposits, limit remittance rules
The Reserve Bank of India (RBI) plans to tighten rules for overseas remittances by resident Indians, barring them from holding foreign currency deposits with lock-in periods, two government sources said.
1 min
India Plans $15-Million Satellite Map to Bolster National Security
The defence ministry is in the process of finalizing a multi-year contract to set up a \"constellation of satellites\" that will monitor other satellites that may be surveilling India, said three people aware of the development.
2 mins
Tesla Sues Ex-Staff Over IP Theft
Tesla Inc. sued a former engineer with the company's highly secretive Optimus program, accusing him of stealing confidential information about the humanoid robot and setting up a rival startup in Silicon Valley.
1 min
L&T hires former Aavishkaar partner to head corp VC arm
L&T Innovation Fund, the corporate venture capital arm of Larsen & Toubro Ltd, an Indian multinational engaged in engineering, procurement, and construction projects, hi-tech manufacturing and services, has hired a former partner of Aavishkaar Capital to lead its investments, VCCircle has learned.
1 min
Tencent Reconsiders Nexon Deal to Boost Gaming Portfolio
The move follows the Chinese tech conglomerate's push into Korean assets, including the stake in SM Entertainment
2 mins
BioNTech Acquires CureVac for $1.2 Billion to Boost Cancer Biz
BioNTech SE has agreed to buy former COVID vaccine rival CureVac NV for about $1.25 billion in an all-stock transaction to boost its growing oncology business.
1 min
Capillary Tech readies for 2nd IPO attempt
Warburg, other existing investors to pare stakes via listing this fiscal year
2 mins
Sheela Foam eyes higher stake in Furlenco operator
The mattress maker has so far invested ₹400 cr in Furlenco parent HoK valuing the company at about ₹857 crore
1 min
Bengaluru's airport eyes $1.1 bn bond fund raise
Bangalore International Airport Ltd. is in talks to raise about ₹9,000 crore ($1.1 billion) by issuing local currency bonds, seeking to refinance an existing debt, and fund expansion projects, according to people familiar with the matter.
1 min
GE Vernova turnaround has stretched the stock's valuation
Electrifying performance
1 min
Sensex, Nifty slide as war noises, plane crash spook mkts
The sell-off was broad-based. The Nifty Smallcap index fell 1.44% and the Nifty Midcap index closed 1.6% lower
1 min
Pricier Liquor Set to Lighten Maharashtra Duty Hike Blow
Indian-made foreign liquors will attract duties 4.5 times their manufacturing costs, up from three times now
2 mins
Trent trims stake in JVs with Spain's Inditex
Trent Ltd has pared its stakes in its joint ventures with Spanish fashion giant Inditex Group to operate the Zara and Massimo Dutti brands in India, even as Tata Group's retail arm aggressively expands its own business.
1 min
P&G Hygiene Sees Rural Demand Rise; Urban Stress Stays
Divergence in consumer sentiment is likely to influence near-term growth in the FMCG sector
1 min
Telcos, realty firms clash over digital rating for buildings
Bodies representing telcos and developers have locked horns over maintenance of the infra
2 mins
TVS Capital revamps board, eyes tech-driven investment
Private equity firm TVS Capital Funds (TCF) has reconstituted its board of directors as it eyes investment opportunities in technology-enabled sectors while maintaining its core focus on financial services.
1 min
Sanlam sharpens India focus with JV
Sanlam Group is focused on three core markets—its home base South Africa, African continent and India
1 min
Fake Followers, Murky Role: Brands Rethink Strategy
According to a BCG report in May, 74% of brands highlighted the challenge of fake followers
2 mins
INSCO Submits Revised Plan for HNGIL Takeover
Independent Sugar Corporation (INSCO) has submitted a comprehensive revised resolution plan worth ₹2,752 crore for the takeover of debt-ridden glass bottle manufacturer Hindusthan National Glass & Industries Ltd (HNGIL), in line with the Supreme Court verdict.
1 min
Film stars' political ambitions can dim box office allure, experts warn
Film stars with political ambitions often leverage their popular on-screen personas to launch political careers. While this can provide a powerful launchpad, it often comes with the risk of diminishing their box-office appeal.
2 mins
PFC's Withdrawals Could Hit New Zero-Coupon Debt Sales
These bonds, often issued by govt entities, are primarily used for infrastructure financing
3 mins
Hybrid carmakers seek sops, want clean mobility benefits
India can harness alternative technologies such as biofuels, strong hybrids, compressed natural gas
2 mins
Meta's short videos reshaping shopping
Indians are increasingly turning to social media to discover, compare, and buy everything from daily groceries to luxury jewellery—often without stepping into a store.
2 mins
Ola Starts No-Commission Model for Cabs Amid High Competition
Ride-hailing platform Ola has rolled out a zero-commission model for its cab drivers, according to persons familiar with the matter.
1 min
Will the AI crash lead to Dreamliner grounding?
The crash of Air India flight AI171 on Thursday has sent shockwaves throughout the country.
2 mins
AI to give ₹1 cr each to families of deceased
The aircraft with 242 people going from Ahmedabad to London crashed after takeoff Thursday afternoon
1 min
Working to gather more info: Boeing
The deadly crash of an Air India long-range aircraft on Thursday marks the first-ever complete loss of a Boeing Co. 787 Dreamliner, shining a spotlight on the US planemaker's most advanced aircraft.
2 mins
Supply chains become new battleground in the global trade war
Today, instead of warheads, the U.S., China are wielding a range of new economic weapons
4 mins
Companies Quietly Recast DEI to Duck Backlash
Corporate America's diversity, equity, and inclusion campaign is going incognito. It's a pragmatic move—unless a company has Harvard-level supplies of fight and funding. Businesses that once trumpeted efforts to hire more women and people of color recognize flaunting such initiatives today is liable to attract unwanted scrutiny from the administration, courts, or influential activists like Robby Starbuck.
4 mins
RBI Skips 14-Day Liquidity Ops Again
The Reserve Bank of India (RBI) has decided not to conduct the 14-day main operation under the liquidity management framework scheduled for Friday, it said in a statement on Thursday.
1 min
Iran Defies US on Enrichment Ahead of Nuclear Talks
Iran on Thursday vowed to significantly increase its output of enriched uranium in defiance of US demands ahead of a round of nuclear talks overshadowed by fears of an imminent Israeli attack.
1 min
Skoda to scale up pre-owned biz
Czech carmaker Skoda is looking to scale up its pre-owned car business, enter the compressed natural gas (CNG) segment and expand sales network as it aims to double volumes in the Indian market this year, according to a top company executive.
1 min
Magnets: Maruti explores options
Maruti Suzuki India on Thursday said it is exploring multiple solutions to ensure continuity in its manufacturing operations amid the ongoing rare earth magnet shortage issue.
1 min
Reliance Trims Stake in Asian Paints
Billionaire Mukesh Ambani-led Reliance Industries said on Thursday it has slashed its stake in Asian Paints, selling shares worth ₹7,704 crore ($901 million).
1 min
Cube Highways buys two projects
The National Investment and Infrastructure Fund (NIIF) and Cube Highways Trust (Cube InvIT), which are both managed by Cube Highways Fund Advisors Pvt. Ltd, announced on Thursday the successful transfer of two operational annuity road projects from NIIF to Cube InvIT at an enterprise value of ₹4,185 crore.
1 min
Meta Sues Hong Kong's Joy Timeline
Meta Platforms Inc. is suing a Hong Kong-based business for allegedly promoting so-called nudify apps, as the Facebook owner attempts to combat a surge in naked and sexual images created by artificial intelligence (AI).
1 min
Paytm shares fall on MDR rumours
Shares of One97 Communications, the owner of Paytm brand, on Thursday ended 7% lower amid reports that the government is planning to impose a merchant discount rate (MDR) on large-ticket Unified Payments Interface (UPI) transactions.
1 min
OneSource Expects Order Book Growth
Contract drug manufacturer OneSource Specialty Pharma expects strong growth in its order book over the next three years, driven by the global boom in weight-loss drugs, its top executive said on Monday.
1 min
US President Trump Says to Set Unilateral Tariffs Within Weeks
It remains unclear if the steeper levies will return for all countries in early July
1 min
Why a ₹1-crore health cover matters—and how to buy it
What to watch out for while upgrading your health insurance policy amid rising medical cost
4 mins
The IPO gamble: Why the odds seem stacked against investors
Public issues have delivered little while private equity players have used them to cash out and exit
3 mins
Apple and India might need to woo not just Trump but Xi too
Beijing's approval would ease Apple's supply chain shift to India
3 mins
Mint Kolkata Newspaper Description:
Editor: HT Digital Streams Ltd.
Categoría: Newspaper
Idioma: English
Frecuencia: Daily
The business newspaper “Mint” published by one of the leading media houses of India, Hindustan Times, in association with Wall Street Journal. It aims to connect India to the world and the world to India in terms of business, economy, regulation and policies...
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