Afleveringen
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To get your dose of daily business news, tune into Mint Top of the Morning on Mint Podcasts available on all audio streaming platforms.https://open.spotify.com/show/7x8Nv1RlOKyMV5IftIJwP1?si=bf5ecbaedd8f4ddc
A day after suspending the Indus Waters Treaty, India triggered a sharp response from Pakistan, which called the move an āAct of War.ā PM Shehbaz Sharif rolled out retaliatory stepsāhalting trade, expelling Indian diplomats, closing airspace, and pausing the 1972 Simla Agreement.
But can Pakistan afford a war? The numbers say no. Foreign reserves sit at just $11.09 billion, barely enough to fund two months of imports. With $131 billion in debt and $100 billion due in four years, Pakistanās economy is on life support. Itās leaning heavily on a $7B IMF bailout, while U.S. aid via USAID remains frozen. Add political turmoil, and Islamabadās threats may be more noise than strategy.
Pakistanās closure of its airspace to Indian airlines has triggered turbulence. Flights to Europe, the US, and the Middle East must now reroute via the UAE or Iran, adding an hour of flying time.
The result? Analysts predict fare hikes of 35ā40%. While ICAO rules allow airspace restrictions for security, they recommend bilateral coordinationānow off the table. India also suspended visa services for Pakistani nationals, while hospitals rush to treat Pakistani patients before the May 1 deadline.
India is considering a total trade freeze with Pakistan. The move could choke critical imports like pharmaceuticals, chemicals, and sugar, much of which flow indirectly via third countries.
Indiaās exports to Pakistan surged 127% in 2024 to $1.21 billion, led by $208 million in pharma. Experts believe essential supplies may still continue on humanitarian grounds, but the broader message is clear: diplomatic frost is deepening.
As U.S. stocks falter under Trumpās tariff wave, Indian investors are shifting bets. Platforms report rising interest in China Tech, EV, and energy ETFs, alongside renewed focus on Brazilian equities.
āPeople are rotating out of crowded U.S. trades,ā says Vested Finance CEO Viram Shah. Brazil is attractive thanks to stable macro tailwinds, low global tariff exposure, and OECD growth projections of 2.5ā3% for 2025.
Even as tensions with the U.S. rise, Chinaās domestic strength and EU alignment are offering a resilient alternative. For Indian investors, diversification is the new north star.
Bharti Airtel has asked the government to convert its ā¹40,000 crore AGR dues into equity, possibly giving the Centre a 3.5% stake.
Under the 2021 telecom relief package, telcos can convert deferred AGR duesānot spectrum paymentsāinto equity. Airtel has already prepaid ā¹66,665 crore of spectrum liabilities, making it eligible. The move echoes the Vodafone Idea deal, where the government took a 49% stake.
Analysts call it a win-wināAirtel saves on interest, and the government could cash out at a premium. But with the moratorium ending this year and telecom minister Scindia ruling out new relief, the clock is ticking.
After a strong start to FY25, Maruti Suzuki is bracing for a slowdown. The carmaker is expected to post just 7% revenue growth and a 4% dip in profits for Q4.
Margins are under pressure from higher discounts and ad spends, with inventory rising from 9 to 40+ days. Analysts are watching:
The demand outlook amid tax cuts and rate relief
Export risk from Trumpās 25% auto tariff
The reception to Marutiās EV debut, e-Vitara, which has had a muted response
Still, Maruti stock is up 6% in 2025, outperforming the broader Nifty Auto index. Whether it can maintain that lead will hinge on todayās earnings call.
India-Pakistan Standoff: War of Words, Weak EconomicsAirspace Closure Sends Fares Soaring India May Halt All Trade With Pakistan Indian Retail Investors Pivot to China, Brazil Airtel Wants to Swap ā¹40,000 Cr Dues for Equity Maruti Suzuki Hits Speed Bump in Q4 -
Leaving your money in your savings account gives you very less interest, and you basically lose money over time since it doesn't even beat inflation. It however does benefit your bank, since they can use that liquidity for lending money, on which they generate interest. But why should your hard-earned money not benefit you instead?Instead of savings accounts, here are the top options you can consider to park your money if you need liquidity
Watch the full episode on YouTube- https://www.youtube.com/watch?v=3_ut8lx_uNw&t=2s
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Zijn er afleveringen die ontbreken?
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In this episode of Mint Money Talks, we have Invesco CIO Taher Badshah, who's been in the investing space for about 30 years.He tells us how investors should approach this current volatility in the stock market, where he's investing the assets that he's managing, and why he thinks the real impact of tariffs which shook global markets is behind us now.
Watch the full episode on YouTube- https://www.youtube.com/watch?v=rPkZQOiQNdI&t=107s
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To get your dose of daily business news, tune into Mint Top of the Morning on Mint Podcasts available on all audio streaming platforms.https://open.spotify.com/show/7x8Nv1RlOKyMV5IftIJwP1?si=bf5ecbaedd8f4ddc
India Suspends Indus Waters Treaty After Pahalgam Attack
A day after the Pahalgam terror attack in Jammu & Kashmir killed 26, India suspended the Indus Waters Treaty with Pakistan, marking one of its strongest diplomatic moves yet. The Cabinet Committee on Security, led by PM Narendra Modi, announced the decision as part of a five-point response. The 1960 treaty had granted Pakistan control over the western rivers (Indus, Jhelum, Chenab), which irrigate most of its farmland. With 80% of the Indus water flow benefiting Pakistan, the move gives India leverage itās never fully exercised. BJP MP Nishikant Dubey supported the move with a sharp remark: āPakistanis will die without water.ā Experts warn it could worsen Pakistanās deepening water crisis and cripple its agriculture sector.
India-Saudi Energy Ties Deepen with New Refinery Deal
India and Saudi Arabia are ramping up their strategic energy partnership. During PM Modiās recent visit to Jeddah, both nations agreed to jointly build two oil refineries in Indiaāa major move to secure Indiaās future energy needs. The pact came during the IndiaāSaudi Strategic Partnership Council meeting, where both sides also pushed forward a $100 billion Saudi investment commitment spanning energy, fintech, healthcare, and infrastructure. New ministerial committees on defence and tourism cooperation were also announced. Despite Modi cutting the trip short due to the Kashmir attack, the visit marked a pivot in Indo-Saudi tiesāfrom transactional to transformational.
Delhiās EV Policy Shift Sparks Auto Sector Divide
A draft policy from the Delhi government proposes waiving road tax and registration fees on strong and plug-in hybrid cars priced up to ā¹20 lakhāputting them on equal footing with full EVs. Domestic automakers like Tata Motors and Mahindra, heavily invested in BEVs, are alarmed. āIf hybrids get the same perks, why invest in EVs at all?ā said one executive. Japanese players like Toyota and Maruti Suzuki, dominant in hybrids but lagging in EVs, stand to gain. The move could make models like the Maruti Grand Vitara hybrids significantly cheaper than diesel rivals, including Tata Harrier and Mahindra XUV700. While the draft awaits finalization, its ripple effect could shift national EV-hybrid policy dynamics.
IMF Warns of US Recession Risk Amid Trump Tariffs
The IMF has downgraded the US growth forecast for 2025 to 1.8%, from 2.7%, citing rising global trade tensions and President Trumpās aggressive tariff hikes. The likelihood of a US recession is now pegged at 40%. The tariff regime, particularly against China, is inflating costs and dampening consumer demand. A jaw-dropping 3,521% tariff on Southeast Asian solar panels is just the start, with more on pharma and semiconductors expected. Globally, growth forecasts are down: China at 4%, the EU at 0.8%, and the world average trimmed to 2.8%. Indiaās forecast was cut to 6.2%, but it remains the fastest-growing major economy.
Luxury Shoppers Face New 1% Tax on Big Buys
From April 22, 2025, luxury purchases above ā¹10 lakh will attract a 1% Tax Collected at Source (TCS), as notified by the Central Board of Direct Taxes (CBDT). The rule applies to high-end watches, handbags, shoes, artworks, collectibles, yachts, sports gear, and even racehorses. āIt aligns with global tax transparency trends,ā said BDO Indiaās Munjal Almoula. The move aims to monitor high-value spending and expand the tax net. The TCS will apply to the full purchase value once it crosses the ā¹10 lakh thresholdāso if youāre splurging on luxury, expect the taxman to ride along.
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To get your dose of daily business news, tune into Mint Top of the Morning on Mint Podcasts available on all audio streaming platforms.https://open.spotify.com/show/7x8Nv1RlOKyMV5IftIJwP1?si=bf5ecbaedd8f4ddc
Q4 Earnings Buzz: 27 Companies Set to Report Today
Itās a big day on Dalal Street, with 27 companies including LTIMindtree, IndusInd Bank, Bajaj Housing Finance, Tata Consumer, and Thyrocare set to release Q4 FY25 results. Over 100 companies are reporting this week, including Reliance, HCLTech, Axis Bank, Nestle, HUL, and Maruti Suzuki. According to Vinod Nair of Geojit, market sentiment will hinge on earnings and forward guidance. Meanwhile, the Sensex rose for a sixth straight session, closing at 79,595, while Nifty ended at 24,167. Analysts expect some consolidation but remain bullish on stock-specific momentum.
Centre Reviews Gensolās ā¹7,000 Cr Green Projects Amid SEBI Probe
The Centre is reviewing all government-awarded green energy contracts to Gensol Engineering, following SEBIās action against the company for fund diversion and forgery. Gensol, which holds contracts from NTPC, DVC, and Singareni Collieries, may face rebidding of projects if it cannot deliver. State-run lenders IREDA and Power Finance Corp. have a combined exposure of over ā¹1,000 crore. PFC has filed a complaint with the Economic Offences Wing, and internal investigations are ongoing. SEBI warned that weak governance at Gensol could disrupt key infrastructure projects and hurt institutional trust.
No More Government Aid for Vodafone Idea: Scindia
Union minister Jyotiraditya Scindia confirmed there will be no further equity infusion in Vodafone Idea beyond the ā¹36,950 crore debt-to-equity conversion. He ruled out any plans to merge the company with BSNL, stating that both firms can co-exist competitively. Scindia highlighted the sectorās rebound, citing ā¹4.5 trillion in capex and rising ARPU. BSNL has added 5.5 million users in six months and is close to completing its target of 100,000 4G towers. The government is also pushing for telecom equipment manufacturing zones, likely starting in Madhya Pradesh. On satcom services, the Centre is ready to approve licenses once compliance is met ā but no subsidies will be offered.
Mutual Fund Fee Hikes Raise Investor Concerns
A Mint analysis shows 62% of direct equity mutual funds raised their total expense ratios (TER) between Sept 2024 and March 2025, despite growing assets. Under SEBIās slab-based TER rules, fees should fall with higher AUM, but thereās no restriction on timing. Direct plans saw more fee hikes, while regular plans mostly held steady or lowered costs. Industry experts suggest fund houses may be adjusting TERs preemptively, leveraging unused headroom. SEBIās proposal to shift TER slabs to the AMC level remains on hold, leaving investors to monitor both performance and fees closely.
Appleās India Revenue Set to Hit $15 Billion by FY26
Apple is poised to nearly double its India revenue to $15 billion by FY26, up from $7.9 billion in FY24, driven by soaring iPhone sales. Analysts project Apple could sell over 15 million iPhones in 2025, gaining 8%+ market share and potentially breaking into Indiaās top 5 smartphone brands. The company is also expanding its ecosystem strategy, with rising sales of AirPods, Macs, Watches, and services. Enterprise deals with Wipro and Zoho to deploy Macs are part of this push. However, experts warn India remains a low-value assembly hub, with core iPhone components like chips and OLEDs still sourced from China and Taiwan. Unless India scales up component manufacturing, it may miss out on long-term value capture.
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Hindustan Times presents The Impossible Show, a series celebrating self-made heroes from small towns across India. Hosted by @-RiteshAgarwal , features @sadhguru mystic, biker, and spiritual guide ā as he opens up about his youth, why he wanted to join the army, and the deeper truth about life. Watch the full episode on YouTube- https://www.youtube.com/watch?v=ih8fpHGiJyI
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Is RERA the Real Estate (Regulation and Development) Act working? This one single act notified in 2016 was meant to give homebuyers the much needed protection against all kinds of frauds which were rampant in Indiaās real estate industry. Itās been 9 years, since the RERA Act came into forceā¦. and you and I are being told that RERA-registered projects are safeā¦. go ahead and buy an apartment ā¦law is on your sideā¦ but is it really?Watch the full episode on YouTube- https://www.youtube.com/watch?v=greYNqn4HHc&t=213s
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To get your dose of daily business news, tune into Mint Top of the Morning on Mint Podcasts available on all audio streaming platforms.https://open.spotify.com/show/7x8Nv1RlOKyMV5IftIJwP1?si=bf5ecbaedd8f4ddc
This is Nelson John, and I'll bring you the top business and tech stories, let's get started.
RBI Allows Minors Aged 10+ to Operate Bank Accounts
In a push for early financial literacy, the Reserve Bank of India has allowed minors aged 10 and above to open and operate savings and term deposit accounts independently. Banks may also offer internet banking, ATM cards, and cheque books to these accounts, based on their risk policies. However, overdrafts are strictly prohibited. For children under 10, accounts must be managed by a parent or legal guardian ā including mothers. Banks must update internal policies by July 1, 2025, and perform due diligence at onboarding and beyond.
Modi and Vance Signal Breakthrough on India-US Trade Deal
Prime Minister Narendra Modi and visiting US Vice President J.D. Vance said theyāve made āsignificant progressā on the India-US bilateral trade agreement, aiming to reduce trade barriers and boost economic ties. In Delhi, the two leaders discussed cooperation across defence, tech, energy, and semiconductors. The talks build on Modiās February visit to Washington and follow brief interactions in Paris. Modi also confirmed plans to host President Trump later this year, expected to deepen what officials call a people-driven strategic partnership amid rising global protectionism.
Maharashtra Cracks Down on Ola Electric Over Missing Permits
The Maharashtra transport department has shut down 75 Ola Electric stores and ordered the closure of 46 more for operating without mandatory trade certificates. Transport Commissioner Vivek Bhimanwar confirmed that an additional 270 stores are under scrutiny. Raids in Mumbai and Pune led to the seizure of 192 unregistered vehicles. Ola claims itās transitioning from distribution centers to a direct-to-consumer model, and is working to bring all stores into compliance. Maharashtra, Olaās biggest market, accounted for 12% of its FY25 sales. The crackdown comes as Ola trails Bajaj and TVS in monthly retail rankings, and its stock has dropped 38% year-to-date.
Google Pays ā¹20 Crore to Settle India Antitrust Case
Google has become the first company to use Indiaās new settlement framework, paying ā¹20.24 crore to resolve an antitrust probe by the Competition Commission of India (CCI). The case centered around Googleās contracts with smart TV makers, which allegedly forced bundling of Play Store and Play Services and blocked rival Android forks. Under the New India Agreement, Google must now unbundle these services for smart TVs sold in India. The settlement, offered with a 15% discount, followed input from 45 stakeholders. The move comes as the EU considers similar action against Big Tech, especially amid tensions with the US over tariffs.
Xiamen Airlines Returns Boeing Jet Amid US-China Trade War
In a sharp blow to Boeing, Chinaās Xiamen Airlines returned a new 737 MAX to the US, citing high tariffs on American imports. The jet, already painted in Xiamenās livery, landed at Boeingās Seattle base after being pulled from the companyās Zhoushan plant in China. The reversal follows a fresh tariff war: 145% US tariffs on Chinese goods, countered by 125% Chinese tariffs on US imports. The price hike made the $55 million aircraft financially unviable. China has asked its airlines to pause Boeing purchases and is exploring support for carriers with leasing agreements. With 20% of Boeingās projected global demand tied to China, the move adds pressure to an already strained US-China relationship. Boeing has not commented on the return.
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In the first episode of India for the World Podcast by Mint and Boston Consulting Group, host Gopika Gopakumar explores how credit bureaus are reshaping access to finance in India. Featuring V. Anantharaman, Chairman of TransUnion CIBIL, and Yashraj Erande, India Lead for Financial Institutions at Boston Consulting Group, the conversation dives into the journey of credit bureaus, their role in democratizing credit, and how tech and data are accelerating financial inclusion. From policy-making insights to future predictions for 2047, this episode decodes how India is building a more inclusive and robust financial ecosystem.
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To get your dose of daily business news, tune into Mint Top of the Morning on Mint Podcasts available on all audio streaming platforms.https://open.spotify.com/show/7x8Nv1RlOKyMV5IftIJwP1?si=bf5ecbaedd8f4ddc
This is Nelson John, and I'll bring you the top business and tech stories, let's get started.
1. No GST on UPI, Says Government
The Finance Ministry has shut down rumors of a potential 18% GST on UPI payments over ā¹2,000, calling the reports āfalse and misleading.ā It clarified that GST applies only where fees like MDR are involvedāwhich were eliminated in 2020 for UPI Person-to-Merchant transactions. Instead, the government is doubling down on UPI promotion, spending ā¹3,631 crore in FY24 alone. With UPI transactions soaring to ā¹260.56 lakh crore, India now handles 49% of global real-time digital payments. Bottom line: UPI stays tax-free.
2. MTNL Defaults on ā¹8,346 Crore
MTNL has defaulted on massive loans from seven public sector banks, including SBI and PNB, pushing its total debt to ā¹33,568 crore. The defaults occurred between August 2024 and February 2025. Despite the financial mess, MTNL stock has delivered 500% returns in five yearsāthough itās down 15% year-to-date. Investors remain optimistic, but the companyās debt pile raises serious questions about its future.
3. China Extends Olive Branch to India Amid $99 Billion Trade Gap
Chinaās trade deficit with India hit a record $99.2 billion, prompting Beijing to seek economic cooperation. Ambassador Xu Feihong said China is ready to open its market to premium Indian exports but expects equal treatment for Chinese firms in return. Meanwhile, India has activated an Import Monitoring Committee to track any potential dumping of Chinese goods amid U.S. tariffs. The stakes: whether this becomes a turning point in bilateral tradeāor another round of economic tug-of-war.
4. Auto Part Makers Burn Cash in EV Gamble
Once solid in the engine parts business, companies like Greaves Cotton, Tube Investments, and Pinnacle Industries jumped into EV manufacturing to stay relevant. The result? A collective ā¹1,600 crore in losses. Greavesā scooter sales halved in FY24, Pinnacleās EKA Mobility bled cash despite a solid order book, and Tubeās EV arm remains unprofitable. Analysts say legacy players like Bajaj and TVS now dominate, with better brands, service networks, and distribution. The EV dream for these suppliers? A harsh reality check.
5. Sebi Pushes for More MF Exposure to REITs, InvITs
Sebi wants mutual funds to increase exposure to REITs and InvITs, proposing to double the investment cap to 20% of NAV and 10% per issuer. The move aims to boost real estate and infra sectors, but experts warn of risks around taxation, classification, and compliance. Since these instruments blend features of equity and debt, overshooting limits could mess with a fundās identity and investor expectations. A bold pushābut AMCs will need better risk disclosures and investor education to make it work.
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US stock indices dived as investors rushed to government bonds on economic worries over the fallout of President Donald Trump's sweeping tariffs on US trading partners.Indian markets followed suit, with fears of a global trade war growing after US President Donald Trump announced tariffs on all countries. The Sensex and Nifty crash was preceded by a market rout on Wall Street and other major Asian markets like Japan, Singapore and China.In this interview, Karan Agarwal, Co-founder, of Elever, a SEBI-registered Portfolio Manager while speaking with Abhishek Singh, Deputy Editor, of Mint made some bold predictions about what's likely to follow after market's crash.
Watch the episode on YouTube-https://www.youtube.com/watch?v=k85VKCOSq-w&list=PL2A-r6Y8n7prviOoxUrtbPs4XgX8AovG1&index=5&t=6s
Published on April 7, 2025
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Ram Singh is a member of RBI's monetary policy committee, and the director of the Delhi School of Economics, and he has just released a report which has some stunning numbers, and consequences.The fact that the wealthiest 5% of Indians reported incomes that were just 4% of their total wealth. The paper, which is based on affidavits filed by election contestants, the Forbes list of billionaires and statistics published by the income tax department says that the wealthier the individual or the family, the lesser the reported income relative to the wealth.
Watch the full episode on YouTube- https://www.youtube.com/watch?v=itIH6hUC_f0
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To get your dose of daily business news, tune into Mint Top of the Morning on Mint Podcasts available on all audio streaming platforms.
This is Nelson John, and I'll bring you the top business and tech stories, let's get started.
š Gensol Founderās Ban Derails IPO Ambitions
Anmol Singh Jaggi, founder of Gensol Engineering, is in regulatory hot water. Sebi has barred him and his brother from board roles and trading in securities over fraud and forgery charges. The fallout? The ā¹750 crore Matrix Gas IPO is off, and Blu-Smartās 2026 listing plans look shaky. Investors are spooked, especially with Gensol having lent over ā¹380 crore to both companies. Blu-Smart also faces operational issues in key cities. As one proxy advisory expert put it: āTrust is broken.ā Jaggi has vowed to contest the order.
š NSEās Unlisted Frenzy Before IPO
In a sharp turnaround, NSEās investor base has nearly tripled in three weeks, following the activation of its ISIN code on March 24, which slashed share transfer times from four months to a single day. With unlisted shares now trading freely between ā¹700 and ā¹2,260, and a market cap of ā¹4 trillion, investor appetite is clear. The IPO now hinges on Sebiās approval, but the market is ready.
š» Wipro: Profits Up, Growth Still Missing
Wipro posted a 2.7% dip in revenue for FY25āits second straight year of declineādespite a 19% jump in profit thanks to tighter cost controls. CEO Srinivas Pallia remains cautious, forecasting a further revenue dip of up to 3.5% in the current quarter. European markets weighed heavily on performance, and while large deals came in, client hesitancy and global uncertainties continue to cloud the outlook.
š Isuzu Becomes Indiaās CV Export Leader
Isuzu Motors India clocked a 24% jump in commercial vehicle exports, becoming the top CV exporter in FY25. Its Sri City plant, which recently rolled out its 100,000th vehicle, supplies to markets across Asia and the Middle East. With global-standard manufacturing and a growing portfolio, Isuzuās āMade in Indiaā bet is paying off.
š®š³š¤šŖšŗ India-EU FTA Talks Accelerate
As trade tensions rise globally, India and the EU are racing to finalise a free trade agreement by end-2025. Key negotiation points? Lower duties on Indian textiles (currently at 14% in the EU) in exchange for reduced tariffs on EU alcoholic beverages (currently 150% in India). The Indian textile sector sees this as a potential game-changer, predicting a doubling of exports and up to 700,000 new jobs. The next round of talks kicks off in May in New Delhi.
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Simplifying personal finance for you - one step at a time! Tune into Mint Money Shots to know those little tips and tricks on managing your money smartly, whether mutual funds, or any other investment vehicle!Partnered with āŖ@InvescoMutualFundā¬
Watch the full episode on YouTube- https://www.youtube.com/watch?v=ztQKcLj-N3M&list=PL2A-r6Y8n7prj6nEWVpqgndsy8ho4hEaq&index=4
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As per the 14th Amendment to the US Constitution, "all persons born or naturalised in the US and subject to jurisdiction thereof, are citizens of the US and of the state wherein they reside". On 8th December, just over a month before he takes office, The US President Donald Trump, in his first televised interview since the elections, said that "we'll have to end it"He has now basically revived talk of abolishing the guarantee which has been part of the country's constitution for over 150 yearsHe said he's planning on changing this practice using executive action -- and noted that there are other options tooNow the big question here is - Can he really do that?Published on December 12, 2024
Watch the full episode on YouTube-https://www.youtube.com/watch?v=QK3pOoOM8N8&list=PL2A-r6Y8n7prPdZIRMk2hK9JsXVyp-mUc&index=11
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This is Nelson John, and I'll bring you the top business and tech stories, let's get started.
1. Indiaās $4 Billion Tech Design Ambition
India is aiming to move up the electronics value chain with a proposed $4 billion Design-Linked Incentive (DLI) scheme. The goal? To go from āMake in Indiaā to āDesign in India.ā The scheme will support 30 semiconductor and 30 electronics categories, including Wi-Fi chips, EV components, and smart meters. Incentives will be based on investment and turnover, with a focus on creating patents and IP. This comes as India files only 60,000 patents annually, far behind the U.S. and China, which each cross the one-million mark. As production-linked incentives for mobile phones wind down, this move could mark Indiaās next leap in tech manufacturing and innovation.
2. Inflation Eases, RBI Shifts Focus to Growth
Retail inflation in March dropped to 3.34%, the lowest since August 2019, thanks to cooling food prices. Food inflation fell sharply to 2.69% from 8.5% a year ago. This dip prompted the Reserve Bank of India to cut the repo rate to 6%, with more cuts expected in June. With 12 states reporting inflation below the national average and cereals inflation at a 33-month low, analysts expect the RBI to focus more on supporting growth.
3. Ericssonās India Sales Slip as 5G Rollout Slows
Swedish telecom firm Ericsson reported its sixth straight quarterly revenue dip in India, down 28% year-on-year, as major telcos Airtel and Jio near completion of their 5G rollout. However, revenue rose 32% sequentially, thanks to new contracts from Vodafone Idea and Airtel. India remains Ericssonās second-largest market, though its share of global revenue dropped to 7% from 10%. Globally, Ericssonās sales rose 3%, and net profit jumped 63%, signaling strength outside India. The company remains confident in its long-term prospects despite the domestic cooldown.
4. IndiGo Becomes Worldās Most Valuable Airline
In a landmark moment, IndiGoās market cap hit $23.45 billion, making it the worldās most valuable airline. Thatās higher than Delta, American, or Lufthansa. The airline commands over 60% of Indiaās domestic market and has proven resilient through multiple industry downturns. Massive aircraft orders placed early have given it an edge amid global supply shortages. The companyās rise is also being seen as a case for privatizationāIndiGo has thrived while government-owned airlines have floundered. Still, issues like falling service quality and limited competition loom.
5. Diamond Exports Hit 20-Year Low
Indiaās diamond and jewellery exports are in a deep slump. Exports of cut and polished diamonds fell 15% in FY25 to ā¹1.12 trillion, the lowest in nearly two decades. Overall gems and jewellery exports dropped 10%, marking the third straight year of decline. The sector has been hit by post-pandemic demand shifts, sanctions on Russian diamond supplies, and now, slowing consumer demand in the U.S. and China. Lab-grown diamonds, which cost a fraction of natural ones, are also undercutting demand. The industry is calling for government support through tax breaks, easier credit, and promotion campaigns to revive growth.
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Simplifying personal finance for you - one step at a time! Tune into Mint Money Shots to know those little tips and tricks on how to manage your money smartly, be it mutual funds, or any other investment vehicle!Partnered with @InvescoMutualFund
Watch the full episode on YouTube-https://www.youtube.com/watch?v=AOHtQ43NHgo
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It's not easy to wake up everyday and see your portfolio in the red - and this seems to have gotten to people - in fact, the numbers prove it. In March 2025, India's mutual fund sector saw a surge in the number of people closing their SIPs or systematic investment plans. According to data by the Association of Mutual Funds in India or AMFI, 51 lakh SIP accounts were discontinued in March - and just about 40 lakh new SIP accounts were opened. The stoppage ratio surged to an unprecedented 127.5%. What does this mean for investors - and should you continue to stay invested?
Watch the full episode on YouTube- https://www.youtube.com/watch?v=x8OInL6MULw
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To get your dose of daily business news, tune into Mint Top of the Morning on Mint Podcasts available on all audio streaming platforms.
This is Nelson John, and I'll bring you the top business and tech stories, let's get started.
Global Tech Tensions Rise as China Tightens Rare Earth Exports
The US-China trade war just escalatedāwith China targeting the backbone of modern tech. In response to US tariffs, Beijing has tightened export controls on rare earth elements like dysprosium, terbium, and gadoliniumācrucial for EVs, semiconductors, fighter jets, and smartphones. These materials, now subject to longer permit delays, could disrupt US giants like Tesla, Lockheed Martin, Apple, and Honeywell. With China supplying nearly 90% of the worldās rare earths and the US having only one mine, this move is a strategic blow. Experts warn it could fast-track Western efforts to diversify supply chainsābut thatās a long road. In this tech chess game, China just moved its queen.
Gold Shines, But Buyers Back Off Amid Sky-High Prices
Even Indiaās wedding season canāt compete with goldās record prices. After a 6% weekly surge and a 30% year-on-year spike, gold demand has dropped by as much as 50%, say jewellers. At ā¹93,375 per 10g, many are holding off until Akshaya Tritiya on April 30. Whatās fueling the spike? Fears of a global slowdown, a possible trade war, falling bond yields, and the dollarās instability have investors flocking to gold. While sales volumes are down, jewellers are seeing stable revenues due to higher prices. But as one industry voice puts it: āBuyers are in wait-and-watch mode.ā
Health Insurance Set for a Speed Boost in India
No more endless waits for claim approvalsāif the Centreās plan works. The government wants health insurers to approve cashless claims within an hour, and settle final claims in three hours. The move, backed by Irdai, aims to reduce stress for patients and bring more people under insurance coverage by 2047. With 25 million claims still unsettled as of March 2024, faster processing is critical. But challenges remainārising medical costs, inconsistent hospital paperwork, and coordination issues across TPAs and insurers. A new regulator, standardized forms, and digital platforms like NHCX are in the pipeline. Experts say this could restore consumer trustāif itās enforced well.
Tata Capital IPO: A Big Leap for the Tata Legacy
After two decades, the Tata Group is back in the IPO gameāthis time with Tata Capital. In a confidential SEBI filing, Tata Capital gears up for a ā¹15,000āā¹18,000 crore IPO, marking only the groupās third listing in 25 years, after TCS and Tata Tech. Once a shaky lender plagued by bad infra loans, Tata Capital has transformed under N. Chandrasekaran and Rajiv Sabharwal, now boasting a ā¹1.5 trillion loan book and a sharp retail focus. The RBI had set a September 2025 deadline for big NBFCs to list. As it preps for the market debut, all eyes are on whether Tata Capital can bring its legacy of trust into a hyper-competitive fintech world.
FIR Filed Against OYO for Inflating Hotel Revenues
OYO is in hot water againāthis time over alleged fraud. Jaipurās Samskara Resort has filed a police complaint accusing the hospitality startup of inflating its revenues and forging data, leading to a ā¹2.66 crore GST notice. The resort claims OYO reported fake bookings worth ā¹22.22 croreāyears before any agreement existedāwhile actual revenue was just ā¹10.95 lakh. The FIR names OYO founder Ritesh Agarwal and includes charges of cheating and criminal conspiracy. Industry insiders say Samskara isnāt aloneānearly 20 hotels have faced similar tax notices. OYO hasnāt responded yet, and the case could have wider implications for Indiaās travel-tech sector.
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Has Trump adopted Clintonās economic strategies?
Nilesh Shah, the MD of Kotak Mahindra Asset Management Co. Ltd while talking to Abhishek Singh, Deputy Editor, Mint explains the similarities in their plans.
Watch the full episode on YouTube- https://www.youtube.com/watch?v=5zxqIRj4cOY&list=PL2A-r6Y8n7prviOoxUrtbPs4XgX8AovG1&index=2
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