Mint Ahmedabad - March 18, 2025
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In this issue
March 18, 2025
Proxy firms advise against reappointing TVS boss
TVS Group supremo Venu Srinivasan's continuation in dual non-executive plus executive roles at flagship two-wheeler maker TVS Motor Co. Ltd has rolled into uncertain territory, with three leading proxy advisory firms recommending that shareholders vote against the resolution for his reappointment.
2 mins
India Focuses on US Trade Deal, No Talks on Reciprocal Levies
India is focusing its US engagement to secure a trade deal rather than tariff plans, in a move that could help it skirt Washington's list of countries targeted for reciprocal tariffs.
2 mins
Chase for chill to lift summer-driven biz
Forecast spells demand for beverages, fans, air-conditioners
2 mins
Direct tax mop-up 95% of revised estimate
The Centre has collected ₹21.26 trillion in net direct taxes so far this fiscal year, reaching 95% of the revised full-year target, the Income Tax Department said Monday after the final advance tax instalment deadline.
1 min
Gabbard, Rajnath Talks Focus on Integration of Defence Supply Chains
Defence Minister Rajnath Singh and US Director of National Intelligence Tulsi Gabbard on Monday held wide-ranging talks, focusing on India-US collaboration in niche technologies, information sharing and integration of defence industrial supply chains.
1 min
India to take over local polio surveillance unit from WHO
NCDC will assume the responsibility, dismantling the joint programme currently in place
2 mins
Lower imports narrow trade gap
Falling deficit A fall in imports amid global trade uncertainties and looming US tariffs narrowed India's trade gap to the smallest in over three years in February.
1 min
Wholesale inflation up in Feb on sticky fuel, power prices
Price boost
1 min
Nivara gets ₹245 cr in a round led by True North
Nivara Home Finance Ltd has raised ₹245 crore in its series B round led by private equity firm True North.
1 min
Startups Curate Experiences to Tap Surge in Luxury Travel
Growing demand for exclusive, high-end vacations fuels rise of bespoke holiday packages
3 mins
Blackstone's open offer for Kolte-Patil
Global investment firm Blackstone has launched an open offer to acquire up to 26% stake in Pune-based realty firm Kolte-Patil Developers Ltd from public shareholders for ₹758.56 crore.
1 min
HDFC Life: Tad ahead of the rest
Life insurance companies have posted disappointing numbers for February. Life Insurance Corp. of India Ltd (LIC) is the biggest drag. It still accounts for nearly one-third of the industry's total annual premium equivalent (APE) based on FY25 data till date, so any significant drop in its performance has a big impact on total industry data.
2 mins
Vedantu preps for IPO in 1-2 yrs as offline expansion drives growth
The company's consolidated operating revenue rose 21% y-o-y in FY24, while it cut its losses by 58%
2 mins
New Religare board seeks governance review, funding
The board has asked the Burman group for a ₹30-40 crore loan in order to meet short-term needs
1 min
Dull finish for tile stocks as cos brace for muted end to FY25
Cracks have deepened in the share prices of listed tile makers. Slower offtake due to sluggish demand and margin pressure amid industry headwinds signal a tepid finish to FY25.
1 min
Meta vs CCI: NCLAT to rule on WhatsApp data privacy dispute
NCLAT to decide whether to hear Meta's appeal before or after the new data protection rules take effect
1 min
Adanis get HC relief in 1999 stock fraud case
Bombay High Court quashes SFIO probe linked to Ketan Parekh scandal
2 mins
Shows with high viewership aren't always audience favourites
Some shows on streaming platforms may have gained high viewership from the hype built around them and generous marketing spends, but these web originals don't necessarily become audience favourites.
2 mins
Maruti, Tata Motors hike prices by up to 4% amid slowing sales
Two of India's largest vehicle makers have announced further price hikes amid struggling sales, which analysts say is an unavoidable move that could further slow demand.
1 min
Expectations of safeguard duty drive up steel prices
DGTR last week suggested a 15% duty on the alloy to protect India from cheap imports
3 mins
Intel's New CEO Plots Overhaul of Manufacturing and AI Operations
Intel's incoming chief executive officer (CEO), Lip-Bu Tan, has considered major changes to its chip manufacturing methods and artificial intelligence (AI) strategies ahead of his return to the company on Tuesday, two people familiar with Tan's thinking told Reuters, in a sweeping bid to revive the ailing technology giant.
1 min
Protectt.ai gets $8.7 mn in round led by Bessemer
Mobile apps cybersecurity startup Protectt.ai said on Monday it has raised around $8.7 million at an undisclosed valuation in a Series-A funding round led by global venture capital firm Bessemer Venture Partners (BVP).
1 min
Officer's Choice maker plans to add 2-3 brands in FY26
Allied Blenders and Distillers Ltd (ABD) is betting on high-quality aged spirits to overcome stagnation in the Indian liquor market and drive future growth.
1 min
Creditors Invoke Promoters' Shares as Gensol Tanks 68%
Three creditors wrested 6.96% of the pledged shares as founders failed to provide collateral
3 mins
In Yemen strikes, Trump takes on a group that has outlasted powerful foes
The Houthi movement began in the 1990s as a ragtag tribal insurgency and seized swaths of northern Yemen
5 mins
Trade war with Europe puts $9.5 tn at risk, U.S. firms say
The escalating trade war between the U.S. and Europe threatens a commercial relationship that is worth an estimated $9.5 trillion in two-way trade and investment, say American businesses caught in the crossfire.
2 mins
Silicon Valley invests in Israeli startups in bid for U.S. defense market
Israel's Defense Ministry, Tel Aviv University hosted the country's first defense-tech summit in December
5 mins
SpiceJet Founder to Infuse ₹294 Crore
SpiceJet on Monday said its founder Ajay Singh will infuse ₹294 crore into the airline through a promoter group entity by way of conversion of warrants into equity shares, following which the promoter group's shareholding will increase to over 33% from the current 29.11%.
1 min
Delhi airport operator sues govt
The operator of the Indian capital's international airport, majority owned by GMR Airports, is suing the government for allowing commercial flights from a nearby defence aerodrome, legal papers showed in a case to be heard on Monday.
1 min
'Isro plans maiden SSLV launch in '27'
The Kulasekarapattinam spaceport in Tamil Nadu's Thoothukudi district, the second launch complex for Indian Space Research Organisation (Isro) outside Andhra Pradesh, will see the maiden launch with the Small Satellite Launch Vehicle (SSLV) in 24 months,
1 min
Gold, silver rally amid strong cues
Gold and silver prices hit fresh record levels on Monday, rallying ₹1,300 each, tracking strong trends in the global markets amid uncertainty over US tariffs, trade tensions and growing expectations of monetary policy easing by the US Federal Reserve.
1 min
Rupee jumps to 86.81 against dollar
The rupee appreciated 24 paise to close at 86.81 against the US dollar on Monday on positive domestic equities and weakness of the American currency in the overseas market.
1 min
BCI bars legal ads, influencer promos
The Bar Council of India (BCI) on Monday issued a stern warning to lawyers promoting their services through social media, promotional videos, and influencer endorsements.
1 min
SFL raises $306 mn from ADB, others
Shriram Finance Ltd (SFL) on Monday said it has secured $306 million in funding from various multilateral and bilateral development financial institutions including the Asian Development Bank (ADB).
1 min
SBI Shelves $1.7 Billion Fundraising Plan
State Bank of India (SBI), the country's largest lender by assets, is shelving plans to raise funds this fiscal year, discouraged by elevated bond yields despite a policy rate cut and liquidity boost from the Reserve Bank of India, three people aware of the matter said on Monday.
1 min
India, New Zealand look to bolster defence, economic ties
Two countries hold talks as India seeks trade deals following Trump tariff threats
1 min
Ericsson, others to explore AI in mfg
Ericsson, Volvo Group and Bharti Airtel on Monday announced their research partnership to explore potential prospects of Extended Reality (XR), Digital Twin technologies and artificial intelligence (AI) in the manufacturing sector.
1 min
The Chinks In India's Solar Armour
To meet its ambitious renewable energy goals, India needs to fix multiple snags first
8 mins
US Will Find It Hard To Walk The Talk, Face Worst Recession Of My Lifetime
The recent slump in the US stock markets has raised concerns about President Donald Trump's economic policies on tariffs, immigration crackdowns and federal budget cuts.
4 mins
Does marriage nullify a will? Key insights
I am a 44-year-old man who recently decided to get married. I have inherited some property from my deceased father, which I want my younger sister to inherit upon my passing, instead of my spouse or any other legal heir. Please advise whether my pre-existing will would be revoked automatically if I get married, and whether I need to prepare a new will thereafter to ensure my wishes are honoured.
1 min
Debt MFs: Should You Take Credit or Duration Risk?
Prioritize mid-maturity corporate bond funds for balanced risk and returns
3 mins
Banks That Saw $3,000 Gold Coming Remain Bullish for Now
Bank of America Corp., Citigroup Inc. and Macquarie Group have been vocal cheerleaders for gold during a breakneck rally that took the prices to record highs above $3,000 an ounce.
2 mins
Carney is yet to make his mark, unlike Manmohan
The career path of Canada's new PM bears remarkable parallels with that of India's late central-banker-turned-politician Manmohan Singh. Carney's challenges, of course, differ
2 mins
America's Capacity for Harming Itself Has Suddenly Risen Sharply
Trump's MAGA agenda could end up driving a global shift that makes other countries great again
3 mins
Require a digital detox? AI assistants could be of help
Digital detox often sounds like an impossible task, especially in a world where screens mediate almost every aspect of life.
3 mins
India Mustn't Follow the Ruinous Climate Policies of Other Nations
It should innovate in green energy and focus on climate adaptation as well as highly rewarding measures of public welfare
4 mins
Do not cement glass ceilings: US attacks on DEI threaten to
Diverse perspectives are necessary for society to keep progressing
3 mins
Spark a charging-facility boom to hasten EV adoption
Dedicated power lines and sensible tariffs for EV charging could help crack a chicken and egg problem
4 mins
Understanding the hype for a dose of magnesium
Touted as a cure for stress and sleep, magnesium has become a wellness obsession. Mint explores the science behind the noise
4 mins
Full-body splits: A great way to flex your muscles
Full-body workouts, thrice a week, may be the formula for stronger muscles
2 mins
Mint Ahmedabad Newspaper Description:
Publisher: HT Digital Streams Ltd.
Category: Newspaper
Language: English
Frequency: 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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