Mint Mumbai - April 29, 2025

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April 29, 2025

America Inc. slashes spending as tariff uncertainty swirls

The new directive inside C-suites: Trim anywhere you can.

3 mins

Telcos recharge plans' list draws regulatory check

Is too much of choice a good thing? That's the question before India's telecom regulator examining the multitude of mobile tariff plans offered by leading telcos.

2 mins

Tata Sons' Probe Concludes Its Top Exec Failed to Disclose Info

A Tata Sons committee has concluded that group company secretary Suprakash Mukhopadhyay had failed to make the requisite disclosures about a wealth management firm run by his family members.

3 mins

Everstone May Part-Exit Subway in $100 Mn Round

Everstone Capital, which operates the master franchise of Subway restaurants in India, is looking to sell some of its stake in the fast food chain's local operations as part of a $100 million fund raising, three people familiar with the matter said.

2 mins

India to fast-track hydro projects on Pak-bound rivers

India plans to speed up hydropower projects on rivers flowing into Pakistan after it suspended the Indus Water Treaty last week, two people aware of the matter said.

2 mins

Foreign Trade Missions to Power India's FDI Search

In-principle approvals by trade missions aim to revive India's falling FDI inflows

3 mins

Parliament panel meets on nuclear power gen

The Parliamentary consultative committee on power met on Monday to discuss the roadmap for nuclear power generation against the backdrop of India's target of achieving 100GW of nuclear power capacity by 2047.

1 min

IIP rebounds from 6-mth low

On an annual basis, IIP growth for financial year 2024-25 stood at 4%, lower than FY24's 5.9% pace

1 min

Harvest gathers pace in key states, wheat flour prices fall by ₹5-7 per kg

Wheat production during the 24-25 rabi season is estimated to reach a record 115.43mt

1 min

EU, US, UK Look to Set Up India Supply-Chain Amid Trade Talks

Three developed economies—the US, EU, and UK—aim to establish a dependable supply chain in India as a corollary to their proposed trade deals with New Delhi, people in the know said on Monday, adding that the matter has been discussed during recent visits by Indian officials to the US and Europe.

1 min

Last-mile blues for railways' total electrification project

Challenges in the northeastern and southern regions delaying completion to end of 2025

2 mins

Deloitte flags lapses in Dailyhunt parent's controls

Deloitte has flagged lack of internal controls over the selection and evaluation of suppliers, among other things

1 min

ChatGPT in WhatsApp eyes Google cash cow

ChatGPT search integration may redefine search, in challenge to Google

2 mins

Dixon, Amber get PLI stimulus

The launch of the government's production-linked incentives (PLI) for the electronics manufacturing services (EMS) sector, inviting applications from 1 May, could not have come at a better time, with the disruption caused by the US-China tariff war.

2 mins

Why Macrotech is upbeat while realty braces for slowdown

Gearing up

2 mins

Sensex at 4-month peak, riding high on Reliance rally

Investor wealth rose ₹4.53 trillion, propelled by foreign portfolio investors buying shares worth ₹2,474 crore

1 min

Q4 earnings watch: Profit reversals trip up India Inc

Turning turtle Rising profit reversals signal deeper corporate vulnerability.

1 min

Banks, PSUs drive record FY25 bond sales

Corporates raised ₹9.87 trillion via corporate bonds, up 17% from FY24, led by a 25% surge in banks' infra bond issuances

1 min

M&M eyes e-bus push via SML Isuzu buy

Mahindra and Mahindra (M&M) is looking to borrow from its electric vehicle (EV) playbook to strengthen its foray into the electric bus market by acquiring commercial vehicle maker SML Isuzu Ltd.

2 mins

HDFC Cracks Down on 'Temporary' Deposits

Lender warns staff over misuse of cash credit, overdraft to inflate deposits

2 mins

HC Asks Qatar Firm to Take Byju's Plea to Arbitration

HC Orders Three-Month Status Quo in Byju's Transfer of Assets, Including Shares in Aakash

2 mins

Finfluencers cheer as Asci green-lights general advice

Influencers can promote generic financial products or services, without offering technical or financial advice

1 min

Hotel deals may surge this year

Sector likely to see entry of conglomerates such as Adani Group and higher investment from incumbents

1 min

US generics, domestic market to drive pharma cos' Q4 sales growth

Analysts anticipate higher sales of Revlimid to drive growth for US-focused firms such as Sun Pharma in Q4

2 mins

Five Years After He Escaped in a Crate, Fugitive Carlos Ghosn Is Teaching Business Strategy

It's been five years since Carlos Ghosn escaped from Japan to Lebanon, accused of siphoning off millions of dollars from the car companies he ran, Nissan and Renault.

4 mins

Elite Universities Form Private Collective to Resist Trump Administration

School leaders strategize about how to respond and push back against the White House

4 mins

Russia Declares 72-Hour Ceasefire Next Week for WWII Victory Day

Ukraine, which earlier agreed to a 30-day ceasefire proposal by the US, dismissed Putin's move as window dressing

3 mins

UltraTech Misses Q4 Profit Estimates

UltraTech Cement, India's biggest cement maker by capacity, reported fourth-quarter profit below market expectations on Monday, pressured by weak pricing and higher costs.

1 min

TVS Motor remains bullish on growth

TVS Motor Co. Ltd announced better-than-expected earnings for the January-March period, citing strong scooter sales in the country that helped it record its highest-ever profit during the last fiscal year.

1 min

Urban Company to go for $223 mn IPO

India's Tiger Global-backed Urban Company filed for an initial public offering of ₹19 billion ($223 million), its draft papers released on Monday showed.

1 min

Rupee up 38 paise, hits 85.03 per dollar

The rupee appreciated 38 paise to close at 85.03 (provisional) against the US dollar on Monday, supported by sustained foreign fund inflows, easing crude oil prices and a bullish trend in domestic equities.

1 min

Shriram Finance to debut UPI, wallet

Shriram Finance Ltd. plans to enter the payments business by offering mobile wallets and prepaid cards as the shadow lender seeks to diversify its offerings and boost earnings.

1 min

J&K Assembly denounces Pahalgam terror attack

The Jammu and Kashmir Assembly unanimously passed a resolution on Monday expressing shock and anguish over the terrorist attack in Pahalgam and resolved to fight resolutely to defeat the nefarious designs to disturb communal harmony and hinder progress.

1 min

IDBI Bank Sees Q4 Net Profit Rise 26%

DBI Bank on Monday reported a 26% increase in net profit at ₹2,051 crore for the March quarter of FY25.

1 min

China to let Indian pilgrims visit Tibet

China's foreign ministry announced on Monday that Indian pilgrims would be able to travel to holy sites in Tibet for the first time in five years this summer, in the latest sign of warming relations between the two regional superpowers.

1 min

IndusInd's deputy CEO resigns

IndusInd Bank on Monday announced the resignation of deputy chief executive officer (CEO) Arun Khurana, weeks after the lender disclosed accounting lapses in its derivatives portfolio that triggered a rout in its shares.

1 min

HC quashes FIR on Infosys co-founder

The Karnataka High Court has quashed an FIR filed against Infosys co-founder Kris Gopalakrishnan and others under the Scheduled Castes and the Scheduled Tribes (Prevention of Atrocities) Act, 1989.

1 min

India inks ₹63,000-cr deal for 26 Rafale jets from France

Deliveries start in 2028 and will end in 2030; Rafale can carry 9,500kg weapons

2 mins

CAN THERMAX MAKE INVESTORS HAPPY AGAIN?

The company's stock is down over 40% from its 52-week high. A turnaround plan is in the works

8 mins

GST's Rental Maze: Navigating the Unknown Terrain

There is still confusion over whether the ₹20k cap covers services or just accommodation

3 mins

Why Health Insurers Are Sending Private Detectives To Your Door

How far is too far in preventing fraudulent claims? Policyholders question intrusive health insurance checks

5 mins

Know foreign income tax rules for RNORs

I moved to India in April 2025 after my company transferred me to its Indian subsidiary.

2 mins

Public sector units: Let's re-evaluate their utility

State-run enterprises, once victims of dogma, have proven good for the government's fiscal health. Granting them greater space for capex could aid the greening of Indian industry now

2 mins

Quick Inputs From Citizens Could Improve Public Policy Responses

Administrative data and traditional surveys can be supplemented with high-quality rapid polling

3 mins

An order or judgment: A subtle but serious distinction

Unnecessary theorizing on jurisprudence can complicate simple matters and cause legal confusion

3 mins

Let's forge our own path amid a foundational tug of war over AI

India is likely to do better by focusing on specific AI applications instead of playing catch-up with big foundational models

3 mins

Trump's Tariffs on Solar Panels Will Set US Climate Action Back

They tilt the energy field in favor of emission-spewing fossil fuels

3 mins

India needs to rid its justice system of gender injustice

We must go by constitutional principles and not let societal attitudes dictate the delivery of justice

3 mins

Anxiety attacks: When should you get treated?

Experts tell Mint the signs to look out for to get professional medical help

2 mins

Using breathwork to gain mind-body balance

From my earliest memories, my breath has been my closest companion, even before I made real friends.

4 mins

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