Mint Bangalore - March 20, 2025

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March 20, 2025

Small drug firms under watchdog's quality lens

India's standards watchdog for drug manufacturing will start random checks of small drugmakers' plants by the end of this year, according to two officials aware of the matter who spoke on the condition of anonymity.

2 mins

Healthcare BPOs Face Risks From AI, Trump, Biz Focus

A laser-sharp focus on the US market in a world being reshaped by artificial intelligence (AI) has cast shadows over three Indian tech services companies catering to healthcare and life sciences companies.

2 mins

TPG, GIC Stitch Local Deals to Chase Haier

PE firms tie up with local business families for up to 49% stake

2 mins

Impose 12% safeguard duty on steel: DGTR

The Directorate General of Trade Remedies (DGTR) has called for levying a 12% safeguard duty on imports of select steel products, after it found a substantial rise in the quantity of the alloy being pushed into the country, hurting local manufacturers by eating into their market share, reducing their profitability, and causing underutilization of production capacity.

1 min

India, Canada see thaw in relations, mull high commissioner postings

India and Canada have resumed contacts between security agencies and are eyeing the possibility of appointing new high commissioners, paving the way for a reset of diplomatic ties after the storm over the 2023 killing of Khalistani separatist Hardeep Singh Nijjar, people familiar with the matter said.

2 mins

Govt targets tur buffer of 1 mt

The Centre is ramping up efforts to stabilize the price of tur (pigeon pea), a staple in Indian diets, by targeting a buffer stock of 1 million tonnes (mt) for the fiscal year 2025-26, according to two people familiar with the matter.

1 min

X files plea in Karnataka HC challenging Centre's curbs

X, formerly Twitter, has filed a petition in the Karnataka High Court challenging the Union government's use of Section 79(3)(b) of the Information Technology Act, arguing that it not only sets up an illegal parallel content-blocking process but also violates the Supreme Court's 2015 Shreya Singhal judgment, which declared that content could only be blocked through a competent court order or under Section 69A's structured process.

1 min

Cabinet Clears ₹1,500 Crore Incentive for UPI Ecosystem

Approvals also accorded for new fertilizer plant, highway, and revised dairy schemes

2 mins

Venturi Partners Launches Fund 2, Targets $250 Mn

Venturi had in April 2022 raised $180 million from prominent families in Europe and Asia for its first fund

1 min

Big Tech's AI Sales Snag on Copyright Breaches

Potential copyright lawsuits have made user firms wary of AI offerings

2 mins

Coromandel eyes India to LatAm boost from NACL

The Murugappa Group-owned Coromandel International Ltd is betting on its acquisition of NACL Industries Ltd to strengthen its domestic formulations business, Latin American presence and create synergies to establish a foothold in contract drug manufacturing, according to managing director (MD) S. Sankarasubramanian.

1 min

Pidilite stays glued to growth

Fevicol-maker Pidilite Industries Ltd has held up relatively well amid the recent market downturn.

2 mins

Beaten-down small-caps begin to tempt mutual fund managers

The relief rally in small-cap stocks appears to have opened bargain hunting windows for mutual funds that recently avoided investments in new scrips in this segment, as beaten-down stocks begin to look more appealing.

1 min

Will New Related-Party Regulations Protect Investors Or Stifle Business?

The rules raise compliances, and costs and slow down decision-making

2 mins

NCLAT Axes Bankruptcy Case Against Essar Unit

The National Company Law Appellate Tribunal (NCLAT) has set aside a bankruptcy case against Essar Oil and Gas Exploration and Production Ltd (EOGEPL), a subsidiary of Essar Group.

1 min

Endiya's early bets deliver 4x returns

Darwinbox exit boosts the VC firm's returns as it prepares for an IPO windfall with marquee firms set to go public

1 min

JCB Continues to Contribute to Infrastructure Development in India

When we think of successful international companies that operate in India, we tend to think of Google, Microsoft, and SAP, for example, with their various high-tech bases in Bengaluru or Hyderabad.

3 mins

India's first Trump-branded offices coming soon to Pune

Trump World Center to offer premium office spaces, luxury retail boulevard and Trump Club

2 mins

ENGIE Eyes Power Pacts And Energy Trading In India

French low-carbon energy and services company ENGIE is looking at corporate power purchase agreements, bilateral pacts and power trading in India through its supply & energy management operations.

1 min

Pricing and navigation key challenges for users as OTTs merge

The merger of video streaming platforms such as Disney+ Hotstar and JioCinema, MX Player and Amazon miniTV, and Warner Bros and Discovery may have bolstered content diversity, but offering viewers a seamless user experience while they transition to a new app could prove to be a challenge.

2 mins

Prologis to bet $500 mn on warehousing in India

Company could double investment into large warehousing parks in 5-7 years

2 mins

Thailand's Minor Hotels Targets 50 Properties in India by 2035

The hotel chain is strengthening its India presence with the Anantara Jaipur launch, and is eyeing tier I & II city expansions

2 mins

Vi, Musk's Starlink Weigh Satellite Deal

Vodafone Idea (Vi) is in exploratory talks with various satellite communication providers, including Starlink, the company said on Wednesday, a week after the telecom firm's rivals signed deals with Elon Musk's company.

1 min

DIAL's traffic growth to taper

Launch of Noida International Airport and capacity constraints to curb Delhi airport's growth in coming years

2 mins

Ukraine and Russia Accuse Each Other of Violating Partial Truce

It is unclear whether the White House is prepared to take tough steps to pressure Russia into a peace deal

3 mins

Israeli Public Support for War in Gaza Wanes as Fighting Restarts

A poll released in March found that 73% of Israelis supported negotiating with Hamas over an end to the fighting

4 mins

Trump's Call With Putin Signals Long Road Ahead to Russia-Ukraine Deal

Russia's leader didn't agree to a full cease-fire, presented his own demands to end fighting

4 mins

IIHL takes control of Reliance Capital

IndusInd International Holdings Ltd (IIHL) on Wednesday took control of Reliance Capital (RCap), completing a three-year resolution process after paying off the debt-ridden firm's lenders.

1 min

Philippines Wants to Add India to Squad

The Philippines and its allies are trying to expand the Squad grouping of nations to include India and South Korea to counter China in the Indo-Pacific region, the Philippines' armed forces chief General Romeo S. Brawner said on Wednesday.

1 min

ArcelorMittal, SA near funding deal

South Africa is nearing a deal to provide funding to ArcelorMittal SA's local unit and ensure its steel mills, which are crucial for the nation's economy, remain open, people with knowledge of the matter said.

1 min

FMCG cos' revenue may rebound: Crisil

India's fast-moving consumer goods (FMCG) sector is expected to witness a mild revenue rebound of 100 to 200 basis points (bps) to 6-8% in fiscal 2026 on the back of a gradual recovery in urban and steady rural demand, Crisil Ratings said on Wednesday.

1 min

Mall Space Demand Beats Supply in 2024

Demand for mall space surpassed supply for the third consecutive year in 2024, according to a report by real estate consulting firm Anarock Retail.

1 min

Online gaming may cross $9 bn by 2029

The online gaming sector in India is expected to grow by over two-fold to $9.1 billion by 2029, largely dominated by real money games, a joint report by WinZO Games and IEIC (Interactive Entertainment and Innovation Council) said on Wednesday.

1 min

Happiest Minds appoints new CEO

Happiest Minds Technologies Ltd has appointed its software products head Joseph Anantharaju as its chief executive officer (CEO), marking a shift from having executive board members and presidents lead its various business units.

1 min

IndiGo Set To Raise International Seats

IndiGo plans to significantly increase the number of seats it allocates for international flights by fiscal year 2030 to secure greater market share, it said on Wednesday.

1 min

New Zealand eyes Indian tourists

Tourism New Zealand, the body responsible for promoting the island nation in key markets, is taking a series of initiatives to boost Indian tourist arrivals, including improving connectivity, forging strategic alliances and promoting year-round travel.

1 min

EU Skewers Google, Apple Over Tech Rules Despite US Threats

The moves risk opening up a new front in the already fraught EU-Trump relationship

1 min

Can Hexaware Sustain Its Momentum?

The IT services company has done well in the run-up to its re-listing. But CEO Srikrishna's real challenge begins now.

8 mins

INVESTING IS A WAITING GAME: PATIENCE TRUMPS INTELLIGENCE, BEATS VOLATILITY

Those who are patient typically ignore daily fluctuations and stay committed to their strategy

3 mins

Unlocking global markets: How to diversify with PMS

If you hit the MF overseas cap, portfolio management services could be your next global bet

4 mins

India needs a new way to track its micro-enterprises

An enterprise sample registration system could help us plug a significant statistical gap

3 mins

The World Bank, IMF, and Fed May All Be in Trump's Line of Fire

Financial markets would react badly to institutional instability, but he might injure them anyway

3 mins

Fiscal subsidies should be easy to monitor at every level

Fix problems of definitional ambiguity, off-budget financing and deferred payments

3 mins

Is Privatizing Public Services the Ulterior Motive of DOGE?

Trump's supporters may well be hit the hardest by such an agenda

3 mins

Can we count on manufacturing as an economic growth engine?

The sector's contribution to India's economy has flagged despite supply-side support. It's demand that needs to be driven up

4 mins

Fanfare around the new Hunger Games novel

Sunrise on the Reaping is expected to be one of 2025's biggest fiction sellers

2 mins

A unique new festival in Dehradun celebrates food stories

The first edition of the Dehradun Food Literature Festival spotlights storytelling around food

3 mins

Seeing eye to eye with your finance minister

A good equation between the prime minister and finance minister is needed to ensure effective economic policies

4 mins

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