Mint Ahmedabad - March 14, 2025Add to Favorites

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March 14, 2025

Trai Plans To Limit Satellite Permits To Five Years, Defying Starlink

The telecom regulator plans to recommend that satellite broadband spectrum be allotted for around five years to assess initial market adoption, defying Elon Musk's Starlink, which is seeking a 20-year permit, said a senior government official.

2 mins

Updated I-T returns drive ₹8k cr revenue

A recently introduced facility that allows income-tax assessees to correct past mistakes in computing tax without any penalty, has seen 8.35 million taxpayers update their returns, and earned the exchequer about ₹8,350 crore additional revenue since FY23, according to government data.

1 min

PM Internship Scheme: Now Candidates to Get More Info

The changes are part of the second round of the pilot project that is currently underway

2 mins

Purple Style Labs secures $40 mn in Series E funding

Purple Style Labs, the parent company of luxury ethnic wear platform Pernia's Pop-Up Shop, has raised $40 million in its Series E round of funding.

1 min

OpenAI Seeks Relief From US State Rules

Many US states are actively weighing new measures on everything from deepfakes to bias in AI systems

2 mins

Duroflex Sharpens Eye on Profit Ahead of IPO

Mattress maker Duroflex has aggressively pursued profitability in the past two years as it prepares to list on the public markets in the coming 18 months, its group chief executive officer Sridhar Balakrishnan said.

2 mins

3one4 Eyes New Fund Amid Gains on Old Bets

The Bengaluru-based VC firm is looking to raise its seventh fund this year

2 mins

$1 tn market rout hits investors, chokes consumer spending

India's longest equity slump in nearly three decades wipes out roughly $1 trillion in market capitalization, the major blow to retail investors is denting consumer spending and threatening to further slow growth in the world's fifth-largest economy.

1 min

Ramco faces setback as state mining tax may raise costs

At a disadvantage

2 mins

Sebi Expands What Qualifies as UPSI

Markets regulator Sebi has widened the ambit of the scope of Unpublished Price Sensitive Information (UPSI) by including any proposed fundraising activities agreements which can impact the management or control of the company, restructuring plans, and one-time bank settlements.

1 min

Apple Shares Are Losing Haven Allure As Headwinds Grow

The Nasdaq 100 Index Is Down 6.7% In 2025, And Apple Is Responsible For Nearly A Fifth Of That Decline

2 mins

Citi Plans to Slash IT Contractors, Hire Staff to Aid Controls

Citigroup plans to dramatically reduce its reliance on information technology (IT) contractors and hire thousands of employees for IT as the lender grapples with regulatory punishments over data governance and deficient controls.

1 min

Southern Stars Turn to OTT as Medium Gains Momentum

OTT also offers upfront fixed payments, ensuring predictable income, industry experts say

2 mins

Intel Names Chip Veteran Lip-Bu Tan as Next CEO

Intel Corp. named Lip-Bu Tan as its next chief executive officer (CEO), entrusting a former board member and semiconductor veteran with one of the toughest jobs in the chip industry.

1 min

Blackstone to buy 40% stake in Kolte-Patil for ₹1,150 crore

Global investment firm Blackstone will acquire a 40% stake in Pune-based realty firm Kolte-Patil Developers Ltd for ₹1,150 crore.

1 min

Ola's scooter registrations hit by cost feud with agencies

Ola wants a drastic reduction in the cost of registering vehicles, say registration agency execs

2 mins

Airlines Seek Lower Levies to Move to Jewar

Air passengers in Delhi's national capital region can expect cheaper fares if they fly out of Noida's Jewar airport, as airlines are seeking discounts on various charges for shifting to the new airport that is likely to begin operations in the second half of 2025.

1 min

Reliance Consumer business to see national rollout

RCPL has a distribution network between 120,000 and 700,000 outlets, varying by product category

2 mins

How Europe's Military Stacks Up Against Russia Without U.S. Support

People in and around NATO wonder whether Europeans can handle more than just an exercise on their own

5 mins

Gold revisits all-time high level of ₹89,450 amid firm global cues

Gold prices climbed by ₹600 to revisit the all-time high of ₹89,450 per 10 grams in the national capital on Thursday amid a firm global trend, according to local marketmen.

1 min

India arrests crypto administrator

Indian authorities arrested at Washington's request a cryptocurrency exchange administrator accused of money laundering conspiracy and violating sanctions, India's top crime fighting bureau said on Wednesday.

1 min

JSW Energy signs PPA with WB firm

JSW Energy on Thursday announced the signing of a power purchase agreement (PPA) with West Bengal State Electricity Distribution Co. Ltd (WBSEDCL) to set up a 1,600MW thermal project.

1 min

India to deliver US summons to Adani

The Union government has asked a local court to deliver a summons issued by the US Securities and Exchange Commission (SEC) to billionaire Gautam Adani over alleged securities fraud and a $265 million bribery scheme, according to a letter seen by Reuters.

1 min

HDFC Life enhances security protocols

DFC Life Insurance on Thursday said the company faced data theft last year and the issue has been addressed.

1 min

GenAI to improve banking operations

Generative artificial intelligence (GenAI) is poised to improve productivity levels of Indian financial services by 34 to 38% by 2030 and up to 46%, specifically for banking operations, said an EY report.

1 min

Isro achieves 'unbelievable' undocking of SpaDeX satellites

The move paves way for future missions such as moon exploration, human spaceflight

1 min

SBI to set up AI project finance unit

State Bank of India, the country's largest lender, is setting up a unit to manage project financing solutions for \"new age industries\" such as artificial intelligence (AI), e-commerce and fintech, according to a senior executive.

1 min

HUL's independent director Puri quits

Hindustan Unilever Ltd (HUL) on Thursday said its independent director Leo Puri has resigned due to an increase in his board commitments including his proposed appointment on the board of a global entity.

1 min

How to withdraw your VPF to buy a home or repay loan

EPF and VPF do not exist in silos and the rules for withdrawal are the same for both

4 mins

Is ₹6 crore enough to retire? How to plan for a secure future

I am 38 years old, earning ₹1.80 lakh per month, with monthly expenses of ₹1 lakh.

2 mins

How Reinsurers Can Help Bridge India's Huge Protection Gap

India's insurance industry is growing rapidly, supported by robust economic growth, an expanding middle class, innovation, and strong regulatory support.

1 min

Impact of Trump tariffs: Bridge the clarity deficit

The White House has been telling Americans it's taxing foreign exporters. However, tariffs hit the poor at home the hardest. Trump's are clearly being packaged for a post-truth world

2 mins

How to stay ahead of the curve in the age of AI: Be more human

We will need to rediscover skills innate to humans that risk being lost as AI starts doing our tasks

3 mins

The 'virtue economy' is dead:Shareholders are back on top

Moving on from stakeholder capitalism has turned into a bad bet

3 mins

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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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