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markets UPS Booking Manu Joseph: Why we cannot be sure Bitcoin’s secret creator is actually Adam Back

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markets Blockchain MET Let the Bitcoin bubble deflate: It’s time to tokenize assets that hold intrinsic value

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markets Blockchain UPS Event prediction markets like Kalshi and Polymarket are buzzing in America: Should India allow them too?

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markets Blockchain MET Let the Bitcoin bubble deflate: It’s time to tokenize assets that hold intrinsic value

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Blockchain UPS Provident The great crypto reckoning: Wake up and get real about this class of pseudo assets

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markets Blockchain UPS Mint Explainer: Why the RBI is wary of stablecoins—Crypto’s measured wing

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markets Blockchain Ethereum What lies ahead for Altcoins: Looking at the future of diversified portfolios

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FDIC chair to quit after scathing report on toxic culture

The White House says FDIC chairman to step down following report on agency's toxic workplace culture

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Centre set to expand electrification drive to PSUs, state govts in boost for electric carmakers

Marriott bets on outbound Indian travel surge, rewires loyalty into experiences

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21.05 / 02:21

markets cover information rights Updates International Profiles Greater transparency is good for Indian banking—here’s how RBI could go further in that direction

Subscribe to enjoy similar stories.The Reserve Bank of India (RBI) has put out a draft amendment to its earlier directions on prudential norms for the capital adequacy of commercial banks. It deals with Pillar 3 (disclosure requirements) of the Basel III framework, adopted by RBI in 2013.The rationale, according to the central bank, is to ensure greater consistency with that framework, as prescribed by the Bank for International Settlements, the global collective of central banks.

21.05 / 00:45

COST Manufacturing cover Department medicines Pharmaceuticals Prices of 384 essential medicines may see one-time increase as input costs surge

Subscribe to enjoy similar stories.New Delhi: The Centre is weighing an emergency, one-time increase in prices of around 300 essential medicines as the West Asia war disrupts supplies of petrochemical-based pharmaceutical inputs and drives up manufacturing costs, according to two government officials and two industry executives.The increase, which is being discussed between the National Pharmaceutical Pricing Authority (NPPA), the Department of Pharmaceuticals (DoP), and the commerce ministry, would be rolled back once supply chains stabilize, they said.The medicines under discussion include antibiotics and anti-infectives (amoxicillin, azithromycin), cardiac drugs (amlodipine, atorvastatin), and analgesics (paracetamol), besides other essential and life-saving formulations such as steroids (dexamethasone) and vitamins (ascorbic acid) that are dependent on imported active pharmaceutical ingredients and petrochemical-based solvents.“A proposal has come from the industry to the government regarding this pricing, and the government is reviewing the matter,” one of the two officials cited above said, requesting anonymity.“Indian Drugs Manufacturing Association (IDMA) is in dialogue with the government for getting some temporary relief under Drugs Prices Control Order (DPCO), in order to ensure a balance between the industry concerns and patients’ needs,” said Dr.

21.05 / 00:45

markets UPS Provident FIVE Platform Research cover Five stocks to watch as India launches mega offshore oil and gas exploration mission

Subscribe to enjoy similar stories.India is gearing up for one of its largest offshore oil and gas exploration campaigns in recent years.The government has planned extensive geological surveys across multiple eastern offshore basins.The timing is no coincidence. India still sources nearly 85% of its crude oil from overseas, along with a significant chunk of its natural gas needs.That dependence leaves the economy exposed; any spike in global crude prices, geopolitical flare-up, or supply disruption abroad quickly feeds into higher fuel costs and inflation at home.According to media reports, survey ships are expected to soon begin scanning vast stretches of the Bay of Bengal and nearby offshore regions to hunt for commercially viable hydrocarbon reserves buried beneath the seabed.The government has floated bids for a large-scale multi-basin exploration project covering the Bengal-Purnea, Mahanadi, Krishna-Godavari, Cauvery, and Andaman offshore basins—all using advanced 2D Broadband Marine Seismic and Gravity-Magnetic surveys.The scale is striking.

21.05 / 00:45

COST UPS Mobile War country reports travelers Centre set to expand electrification drive to PSUs, state govts in boost for electric carmakers

Subscribe to enjoy similar stories.New Delhi: India is looking to accelerate its government fleet electrification programme via its clean energy agency to central ministries, state governments, public sector banks, and autonomous bodies—widening a drive that has so far hardly made a dent in a vehicle fleet of over 800,000 units.Led by the Convergence Energy Services Ltd (CESL), a central clean energy agency, the expansion plan will offer state governments and public sector undertakings (PSUs) a leasing-based 'EV as a Service' model that eliminates purchase costs and provides charging infrastructure and maintenance. The model, launched in 2024, will help circumvent the two big barriers to fleet electrification: high capital outlay and logistical complexity.“CESL is also reaching out to public sector banks, central/state governments, PSUs, autonomous bodies, etc., to align with the government’s larger vision of reducing fossil fuel dependence, lowering operational fuel costs and accelerating clean mobility adoption across public institutions,” a CESL spokesperson told Mint.The move comes after Prime Minister Narendra Modi called for increased use of electric vehicles (EVs), and as the finance ministry directed all public sector banks, insurance companies and financial institutions to switch to EVs as part of an austerity programme.

21.05 / 00:45

COST Digital Aviat Analysis electronic reports Tata Capital listing gain cushions Tata Sons from dividend fall blow

Subscribe to enjoy similar stories.Mumbai/Bengaluru: A ₹6,700-crore windfall from the listing of Tata Capital last October will help Tata Sons offset an over 10% decline in dividend income from its listed companies, helping the holding company end FY26 with its overall revenue higher than the previous year. The one-off boost comes as Noel Tata, chairman of Tata Trusts, the majority shareholder in Tata Sons, raised concern over mounting losses in newer businesses that continue to consume significant funding.Tata Trusts, worried over ballooning losses, has sought clarity on Tata Sons chairman N.

21.05 / 00:45

markets FIVE Cycling reports Updates Commentary Microfinance sector recovers after stress cycle but caution prevails amid geopolitical, inflation risks

Subscribe to enjoy similar stories.MUMBAI: India’s microfinance institutions (MFIs) are returning to growth mode after almost two years of sector-wide stress, but management commentary indicates the recovery will be measured and cautious as these lenders grapple with geopolitical uncertainty, inflation risks and a structurally altered lending environment.CreditAccess Grameen Ltd, Spandana Sphoorty Financial Ltd and Satin Creditcare Network Ltd suggested that collection efficiency and asset quality have improved materially, aided by stricter underwriting norms and guardrails introduced after the recent microfinance crisis.“The sector is healing,” H.P. Singh, chairman and managing director of Satin Creditcare, said during the company’s Q4 earnings call on 12 May.Portfolios at risk (PAR), a percentage measure of overdue loans by number of days, have declined in the sector.

21.05 / 00:45

FIVE Digital Career Analysis trends show social The urban Indian parenting split: new parents are rejecting old ways, except for the ultra-rich

Subscribe to enjoy similar stories.Urban India appears to be going through a parenting revolution. Only one in five persons interviewed in a recent Mint survey said they believe in raising their kids similar to how their own parents raised them.

21.05 / 00:45

markets Citi hospital reports travelers International Sporting Marriott bets on outbound Indian travel surge, rewires loyalty into experiences

Subscribe to enjoy similar stories.American hospitality chain Marriott International is betting on a surge in outbound Indian travellers despite temporary disruptions from the West Asia war and Prime Minister Narendra Modi’s call for austerity, with this growth likely to reshape customer loyalty programmes that reward customers with points and perks for repeat stays.The company said loyalty-conscious Indian travellers are increasingly driving demand across Southeast and East Asia, and now expect far more from hotel loyalty programmes than simple earn-and-burn on room nights, including upgrades and experiences beyond stays.“We’re seeing Indian travellers explode into Southeast Asia -- not just Thailand -- but in every destination, from Bali to Japan to South Korea, this summer,” said John Toomey, chief commercial officer for Asia Pacific (excluding Greater China) for Marriott International. He attributed part of the growth to rising air connectivity, led by IndiGo and Air India.The hospitality chain expects travel demand to remain strong through the summer months, with a significant jump in June and July compared to the same time last year.

21.05 / 00:45

DNA Food Trade cover reports testing International Is that really buffalo meat or something else? A DNA test to verify is on the way

Subscribe to enjoy similar stories.India, one of the world’s largest buffalo meat exporters, is planning a DNA-based testing system to strengthen meat verification and traceability, amid concerns over illegal meat exports and suspected mixing of banned cow meat with buffalo meat consignments, two people directly involved in the process said.The Bureau of Indian Standards (BIS), which reports to the consumer affairs ministry, has started a study to validate a real-time PCR-based test to detect buffalo DNA in foodstuff and feedstuff to check adulteration and improve species verification in animal-derived products, the people said on the condition of anonymity.“The study's findings will pave the way for introducing new standards as the existing international ISO standards currently do not provide a dedicated method for buffalo DNA detection,” one of the two people cited above said. “Because processed or minced meat is difficult to identify visually, DNA/PCR testing is widely used internationally to verify the animal species and detect adulteration."DNA-based testing refers to a scientific method that identifies the exact animal species in food products by analysing unique genetic material, helping regulators detect adulteration even in processed or mixed products.

21.05 / 00:45

markets Provident Target Action Sustainability Trade recommendations Raja Venkatraman recommends three stocks for 21 May

Subscribe to enjoy similar stories.Stock market recap: India's benchmark indices recouped early losses to settle higher on Wednesday, helped by a rally in index heavyweight Reliance Industries, even as investors remained cautious due to higher crude prices and a weaker rupee.The 30-share BSE Sensex climbed 117.54 points, or 0.16%, to settle at 75,318.39, having touched a low of 74,529.41 intraday. However, buying in oil & gas, financial and auto shares in the last hour helped the index trim losses and rebound.The 50-share NSE Nifty edged higher by 41 points to end at 23,659.Best stocks to buy today (All Buy trades are rates of Equity & Sell rates are based on F&O)INDIGOPNTS: Buy above ₹985, stop ₹940 target ₹1090(Multiday)ABB: Buy above ₹6625, stop ₹6400 target ₹7250 (Multiday)TIMKEN: Buy above ₹3660, stop ₹3550 target ₹3985 (Multiday)On 20 May, Indian markets ended in the red as weakness across metal, oil-linked, PSU bank and realty stocks dragged benchmarks lower, while persistent rupee depreciation continued to weigh on investor sentiment.The Sensex slipped 160.73 points, or 0.21%, to close at 75,237.99, while the Nifty declined 46.10 points, or 0.19%, to settle at 23,643.50.

20.05 / 17:07

markets UPS wellness Healthcare hospital reports medicines Apollo Hospitals bets on expansion, clinical edge to maintain lead

Subscribe to enjoy similar stories.Apollo Hospitals Enterprise Ltd (AHEL), the country’s largest listed hospital chain by beds, is betting on its planned capacity expansion as well as its clinical programmes and expertise to maintain its lead in an increasingly competitive private healthcare market, its top management said.The hospital chain, which commissioned four hospitals in Pune, Kolkata, Hyderabad and Delhi in FY26, plans to add about 1,500 beds in the next 12-18 months. This includes beds in the new hospitals as well as existing ones.“We think capacity is a strategically important lever… it will place us as the largest player substantially in terms of bed capacity.

20.05 / 14:23

markets Bill President information volunteers Updates Investigations Brokerages Have a New Path to Avoid Formal Regulatory Investigations

Subscribe to enjoy similar stories.Brokerage firms facing scrutiny over a potential compliance violation have long been able to help their cause by engaging with regulators throughout the process. Now Finra, the brokerage industry’s self-regulatory organization, is piloting a new self-reporting initiative that could bring Finra’s inquiries to an end sooner and potentially avoid penalties.Leaders of Finra’s enforcement division described reforms to the organization’s processes at a recent conference in Washington, stressing the importance of volunteering information that could help regulators understand more about the firm’s operations, what might have gone wrong from a compliance perspective, and what the firm is doing to address the issue.At the outset of an investigation, Finra is inviting firms, along with their outside counsel, to sit for an introductory meeting.

20.05 / 11:03

markets COST UPS Manufacturing Gap electronic reports Is cheap energy the key to China gaining AI supremacy?

Subscribe to enjoy similar stories.Artificial intelligence is like a cake, says Jensen Huang, the boss of Nvidia, a chipmaker. ai applications, such as chatbots, are at the top. The next layer down is software, like the large language models (llms) on which chatbots run.

20.05 / 11:03

markets COST Maxim Manufacturing Trade War Updates As America and China swap roles in their great power rivalry, India should think of how to maximize gains

Subscribe to enjoy similar stories.Last week, US President Donald Trump’s historic two-day meeting with Chinese Premier Xi Jinping, the first in Beijing at this level since 2017, ended without a commercial breakthrough despite the presence of a high-powered technology delegation of 17 American CEOs, including Elon Musk of SpaceX and Jensen Huang of Nvidia. China did not respond to US overtures, including the potential sale of Nvidia’s cutting-edge H200 chips to Chinese entities that the Joe Biden administration had blocked and Trump administration reversed. US officials dismissed a lack of business progress as immaterial.

20.05 / 11:03

markets UPS War performer country cover reports BPCL taps US LPG spot market for first time amid Gulf supply disruption

Subscribe to enjoy similar stories.New Delhi: India’s efforts to diversify LPG supplies have gained momentum after state-run Bharat Petroleum Corporation Ltd (BPCL) made its first-ever spot purchases from the American market, a top company official said, as the country seeks to reduce dependence on West Asia amid ongoing conflict in the region.The development assumes significance as India imports 60-65% of its annual liquefied petroleum gas (LPG) requirement of 33 million tonnes, with nearly 90% of these imports sourced from West Asia, making it vulnerable to supply-chain disruptions amid the ongoing US-Iran tensions in the region.Although the mobilization period from the US is about 45 days, cargoes from North America would ease supply crunch faced by the world's second-largest LPG importer, said VRK Gupta, director (finance) at BPCL."For the first time, BPCL has procured 2 US cargoes of LPG on spot purchase basis which have arrived in the month of May 2026. Hence, even if it takes about 90 days (to and fro), cargoes from the US will ease the supply scenario," Gupta told Mint in an interview.These are very large gas carriers (VLGC), with a capacity of 45,000-48,000 tonnes.BPCL’s LPG business accounts for about 28% of the country’s liquefied petroleum gas market, covering 93.5 million cylinder connections.LPG is a sensitive issue in the country as it is used for cooking by nearly 340 million households.

20.05 / 11:03

markets Art security President performer Courts Updates Even by Trumpian standards, a $1.8bn fund for friends is bad

Subscribe to enjoy similar stories.American courts are not supposed to be venues for performance art. If counter-parties in a lawsuit do not have adverse interests—say, because they answer to the same person—judges balk. So when Donald Trump sued his own administration seeking $10bn in damages, the judge had questions.

20.05 / 10:29

markets COST UPS Aviat Airlines Strategy International Air India group active fleet shrinks while rivals expand summer capacity

Subscribe to enjoy similar stories.New Delhi: Air India is cutting domestic and international capacity this summer, flying up to 5% fewer flights on domestic routes and nearly 40% less on international corridors compared with a year ago, as a depleted fleet, surging jet fuel costs, and war-related airspace closures squeeze the Tata Group carrier.The airline and its low-cost subsidiary Air India Express together offered roughly 9.24 million domestic seats in April and May, down from 9.71 million a year ago, even as India's largest carrier, IndiGo, expanded domestic capacity 6% to 23.04 million seats and newcomer Akasa Air grew 9% to 1.63 million seats, according to data from aviation analytics firm OAG reviewed by Mint. Seats are a measure of capacity for airlines.The move reflects pressures that analysts say have pushed Air India's network strategy into what one expert calls ‘survival mode’.

20.05 / 10:29

markets UPS FIVE CEO country Updates Global investors in wait-and-watch mode, but India is no longer optional: DWS, Nippon Life AMC

Subscribe to enjoy similar stories.MUMBAI: Executives at Nippon Life India Asset Management and Deutsche Bank’s asset manager DWS said global investors continue to view India as a key long-term market despite continued foreign portfolio outflows from equities.Global investors may be in a temporary “wait-and-watch” mood, said Sundeep Sikka, managing director and CEO of Nippon Life India Asset Management Ltd.

20.05 / 10:29

markets UPS CEO Enterprise Tesla Updates What would Jefferson and Madison make of Musk and Altman?

Subscribe to enjoy similar stories.A judge tossed Elon Musk’s $150 billion lawsuit against OpenAI’s Sam Altman this week after the jury determined that the Tesla CEO waited too long to file his claim. Mr. Musk said the verdict was decided on a “calendar technicality” and vowed to appeal, so perhaps this courtroom battle over artificial-intelligence supremacy isn’t over.Essentially, Mr.

20.05 / 10:29

markets UPS Manufacturing Gap Tesla Trade Updates Tesla has abandoned the Model S and Mercedes wants to fill the high-end EV void

Subscribe to enjoy similar stories.It was a good run, but now it’s over. Now, another car company wants to fill the gap.In January, Tesla announced plans to stop production of its high-end Model S and X vehicles, choosing to turn that manufacturing capacity in Fremont, California, into a line dedicated to humanoid robot production. Car production stopped in May.

20.05 / 09:55

markets Ripple CEO wellness War Courts Updates Altman versus Musk: OpenAI’s CEO won the court battle but could lose the fund-raising war

Subscribe to enjoy similar stories.We have all been in meetings that “could have been an email,” so why not have a jury trial that could have been an AI prompt?“Is Elon Musk able to sue OpenAI for breach of contract?” we might have asked an artificial intelligence (AI) model before the three-week circus at a federal court in downtown Oakland, California. “No,” should have been the AI model’s answer.