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23.02 / 04:17
COST UPS FIVE Mobile Experts reports How the Ola empire is fueling Bhavish’s personal AI business, Krutrim
New Delhi/Bengaluru: Embattled entrepreneur Bhavish Aggarwal-owned artificial intelligence venture, Krutrim, is being propped up almost entirely by business routed through venture-capital- and public-investor-backed Ola companies — raising fresh questions among experts over governance and the use of shareholder-backed resources to support a promoter-owned unit.Krutrim SI Designs Pvt Ltd, which Aggarwal set up through his family office in the summer of 2023, reported revenue from operations of ₹101.7 crore for the year ended March 2025, according to its financials filed with the ministry of corporate affairs. Of this, ₹90.8 crore or 90% of revenue came from two group entities: Ola Electric Mobility and ANI Technologies.Ola Electric Technologies Pvt Ltd, the wholly-owned subsidiary of Ola Electric Mobility Ltd, accounted for ₹23.87 crore, while Ola Cell Technologies Pvt Ltd, the other subsidiary of the listed company, brought in ₹2.29 crore, according to the review of the financials by Mint.
23.02 / 04:17
Digital Platform Research Instagram Experts country social To ban or not to ban: Will social media curbs for children work?
India has recently joined a growing list of countries weighing restrictions on children’s access to social media.Speaking on the sidelines of the AI Impact Summit last week, information technology minister Ashwini Vaishnaw said the government is discussing age-based restrictions on social media platforms. The remarks follow closely after the Economic Survey flagged the need to address “digital addiction” among the young.At the state level, Goa, Karnataka, Andhra Pradesh, and Kerala are also examining similar restrictions.
23.02 / 04:17
COST UPS FIVE Sustainability Enterprise Healthcare Trade Religare Enterprises: Can a demerger fix what poor governance had broken?
Subscribe to enjoy similar stories. On 14 February, the boards of Religare Enterprises Ltd (REL) and Religare Finvest Ltd (RFL) approved a demerger of its insurance and financial services businesses into two separate listed entities. REL will retain control of Care Health Insurance, while lending, broking, investment, and ancillary activities would be transferred to RFL.
23.02 / 02:23
markets Trade Updates Most of Trump’s tariffs got turfed out: Does that change the case for a trade deal with the US?
Business News, Market News, Breaking News Events and Latest News Updates on Live Mint. Download The Mint News App to get Daily Market Updates.
23.02 / 01:43
CEO Photography students Photos social Schools Relationships The school photography company caught in the Epstein files frenzy
Subscribe to enjoy similar stories. The blast radius of the Epstein files has toppled C-suite executives, shamed financiers and led to the arrest of a former British royal. Now, school picture day is in the crossfire.
23.02 / 01:43
markets Updates Mint Quick Edit | Net FDI weakness: Can a grand US bargain tilt the scales in India’s favour?
Business News, Market News, Breaking News Events and Latest News Updates on Live Mint. Download The Mint News App to get Daily Market Updates.
23.02 / 01:19
Waters CEO Strategy Intuit Healthcare President Updates The rise of India's consultant CEO: From advisor to executor
cement division in 2023 after 12 years at BCG. In 2024, Abhishek Malhotra, who has worked at McKinsey and Kearneyover 10 years, joined RPSG Group as president and strategy head.
23.02 / 01:19
markets Waves Ripple Manufacturing Software Markets are churning furiously beneath a calm surface
Subscribe to enjoy similar stories. AN INVESTOR WAKING from a stupor that began on New Year’s Eve might question whether they had missed anything. The S&P 500 share index of big American firms sits almost exactly where it did at the end of 2025: nearly at a record high.
23.02 / 01:19
markets Action Sustainability Trade performer recommendations Headlines Stock recommendations for 23 February from MarketSmith India
Subscribe to enjoy similar stories. Stock market recap: A day after tumbling over 1% each, India's headline equity indices, the Sensex and the Nifty 50, rebounded with healthy gains on Friday, 20 February. The Sensex gained 317 points, or 0.38%, to end at 82,814.71, while the Nifty 50 settled at 25,571.25.
23.02 / 01:19
markets Progressive CEO economy President Experts Updates Tracing Bandung in the times of a busy AI summit
₹250- ₹270.Now let’s talk of the present. Today, India is the world’s fourth largest economy and is eyeing the number three spot. Our per capita income has crossed $3,000.
23.02 / 01:19
markets COST UPS BLOCK CEO security reports Tata Steel to source at least half its ore from captive mines after leases end 2030: CEO T.V. Narendran
Tata Steel, India's second-largest steelmaker, aims to source half of its iron ore requirements from captive mines after 2030, down from 100% now, as steep premiums in mine auctions make relying only on leased blocks economically unviable—prompting the company to consider open-market purchases and imports to secure ore.“We will certainly look for at least 50% captive so that the operations are stable, but between 50 and 100 will probably depend on the economics,” Tata Steel chief executive officer T.V. Narendran told Mint on the sidelines of a business event on Saturday, 21 February.The shift comes ahead of the expiry of its leases in Jharkhand and Odisha by FY2030 under the amended Mines and Minerals (Development and Regulation) Act, which mandates auctions for allocation of mineral blocks—which will raise raw material costs at India's oldest steelmakers, as also its peers.The steelmaker will look to buy iron ore from the open market post 2030 when its long term leases of captive iron ore mines end.
23.02 / 01:19
markets UPS Manufacturing electronic testing Updates HCL to supply 25% of India’s display chips in two years: Roshni Nadar
Jewar: HCL Group, the parent firm of India’s third-largest tech services company HCLTech, aims to supply chips for a quarter of all of India’s displays within as soon as two years, chairperson of the group Roshni Nadar-Malhotra said on Saturday.The top executive, who also happens to be the only woman at the helm of one of India’s six large-cap IT services firms, was speaking at the inauguration of the company’s joint-venture chip assembly plant for displays in Jewar, Uttar Pradesh.“It’s too early to discuss client names, but there is ample demand, and India has a huge market. We’ll roll out the first commercial display chip from our plant in 2028, and look to scale up to our peak capacity of 36 million chips per month very soon.
23.02 / 01:19
markets IPO Provident performer stage reports Updates PE-VC backed Indian companies see their median IPO timelines shrink to a decade-low in 2025
Mumbai: India is increasingly seeing private equity and venture capital backed companies tap public markets at an earlier stage in their lifecycle, driven by factors such as greater predictability in business performance, liquidity needs, and conducive regulatory policies, making IPOs an attractive option.“Over the past few years, public markets have also become more willing to underwrite newer business models. That increases confidence for sponsors to view IPOs (initial public offerings) as a viable, attractive exit option earlier in the company lifecycle,” Gaurav Sood, managing director and head of equity capital markets of Avendus Capital.
23.02 / 01:19
UPS Research wellness country information International Voluntary commitment can make a bigger difference: MeitY secretary on AI summit declaration
Subscribe to enjoy similar stories. New Delhi: A set of common initiatives and directives signed by India, the US, China and 83 other countries at the recently concluded India AI Impact Summit will shape global collaborations on artificial intelligence (AI) despite the agreement being non-binding in nature, said a top bureaucrat who spearheaded the declaration. On Saturday, the government released the New Delhi declaration that was signed by 88 entities, including the European Union (EU) and the International Fund for Agricultural Development (IFAD).
23.02 / 01:19
security wellness President War Under Trump pressure, Iran finds its friends are of little help
Subscribe to enjoy similar stories. Iran has sought for years to build closer military ties with China and Russia, but its powerful friends are proving reluctant to step forward as the regime faces the most acute U.S. threat to its survival in decades.
23.02 / 01:19
Discover SPY President Department Videos Investigations What Trump’s UFO deep dive might reveal to Americans
Subscribe to enjoy similar stories. In the 1990s, the Central Intelligence Agency dug into all it knew about the possibility of extraterrestrial visits, ultimately revealing what it found: Most of the supposed early UFO sightings were highly classified spy planes flying over the U.S.
23.02 / 00:25
markets UPS security country reports India draws up contingency plans as Gulf tensions spike oil prices
Subscribe to enjoy similar stories. India is developing contingency plans for crude oil imports as rising tensions in West Asia push global oil prices higher and raise fears of supply disruptions.
23.02 / 00:25
markets Digital Man Bill Trade show information Nifty may scale new peaks in 12-18 months as valuations turn attractive: Nuvama AMC's Nikhil Ranka
Subscribe to enjoy similar stories. The Nifty 50 could touch fresh highs over the next 12-18 months as valuations hover below long-term averages and foreign selling shows signs of easing, said Nikhil Ranka, chief investment officer (CIO)-equity alternatives at Nuvama Asset Management. However, he cautioned that India’s information technology (IT) companies are staring at an earnings cut, likely to begin in fiscal 2027-2028, amid concerns that artificial intelligence (AI) will compress billings and revenue growth.
23.02 / 00:25
markets Sustainability Research Trade President show Courts Did foreign investors and prop traders sniff the US tariff verdict?
Subscribe to enjoy similar stories. Hours before the US Supreme Court struck down President Donald Trump's tariffs on Friday, a section of foreign institutional investors (FIIs) in India flipped their bearish bets to bullish ones, even as proprietary traders sharply raised their bullish bets. The two moves, combined, may signal anticipation of a ruling which has the potential to trigger a stock market rally on Monday.
23.02 / 00:25
COST Booking Aware Align Harmonic reports Department The biggest change since IndAS adoption is coming: Merging tax, financial accounting regimes
India is preparing to merge its diverging tax and financial reporting frameworks into a unified system, two people aware of discussions said, in a move aimed at dismantling one of the most cumbersome hurdles for corporate India.The overhaul seeks to harmonize the Indian Accounting Standards (IndAS)—used for shareholder reporting—with the Income Computation and Disclosure Standards (ICDS) mandated by tax authorities. If successful, this would represent the most significant structural shift in the nation’s accounting landscape since IndAS was first adopted in 2016.The move is significant because tax accounting standards, called the ICDS, issued by the Income Tax department and the Indian Accounting Standards or IndAS, notified by the ministry of corporate affairs follow different accounting principles.IndAS aims to capture the economic position of a company at a given point in time using fair valuation of assets and liabilities, an approach useful for investors.
23.02 / 00:25
markets IPO Provident Platform band show reports Clean Max IPO bets on growth discount in a weak listing market
Subscribe to enjoy similar stories. The primary market has struggled to find its footing in 2026. Benchmark indices are down about 2.6% year-to-date, volatility remains elevated, and investors are wary amid global uncertainties and tighter domestic liquidity.

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