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07.05 / 12:45
markets UPS Apple wellness reports Updates Iran Talks, Fed Rates, Jobs Data, Inflation. This Market Rally Faces Big Tests Soon.
Subscribe to enjoy similar stories.The market is betting on peace in the war with Iran while riding the relentless surge in tech stocks.Asia markets rumbled again on Thursday as Japan returned from its extended spring holidays and the Nikkei 225 roared nearly 6% higher on the opening day of trading.That takes the regional benchmark close to a 25% gain for the year, well outpacing the 11.4% advance recorded for the tech-focused Nasdaq and the 8% rise for the S&P 500.Not much has changed on the ground, or in the Strait of Hormuz, this week apart from sentiment, which seems tied to reports of a near-term deal between the U.S. and Iran that will end two months of hostilities and reopen the world’s busiest oil and energy conduit.Crude prices have slumped more than 12% over the past two sessions, with Brent futures falling below the $100 a barrel mark, on hopes of a near-term agreement that will lead to longer, more detailed peace talks between Washington and Tehran.But with stocks now more than 16% higher than their late March trough, and the first-quarter earnings season largely finished, the mood on Wall Street is expected to switch quickly.Jobs data on Friday could put the final nail in bets on a Federal Reserve rate cut this year, while crude prices and Treasury bond yields remain elevated enough from their prewar starts to suggest inflation will continue to echo through the world’s largest economy well into the fall.The war may be nearing its end, but the cleanup in certain markets will continue.
07.05 / 12:45
security Instagram President War Celebrity country Putin’s Strongman Image Is Fading as Ukraine Brings War Home to Russia
Subscribe to enjoy similar stories.Ever since coming to power more than a quarter-century ago, Russian President Vladimir Putin built a new state religion around May 9, the anniversary of the Soviet victory over Nazi Germany and the holiest day in the Russian calendar.On Saturday, Putin will for the first time preside over a Victory Day parade held as his war on Ukraine has exceeded the length of the Soviet Union’s war on the Nazis.He has no victories to celebrate. Persistent Ukrainian drone strikes across Russia, including on the capital, have forced Putin to ask for a cease-fire for the duration of the festivities.
07.05 / 12:45
markets UPS Booking trends country beautiful Videos The Most Coveted Cosmetic Enhancement in Asia Right Now: Elf Ears
Subscribe to enjoy similar stories.Jung Da-yun didn’t quite like what she saw in the mirror. Her ears weren’t big enough.She booked a visit to a South Korean clinic offering “elf ear” injections.For about $70, a plastic surgeon injected the ridged cartilage of her ears with a hyaluronic-acid filler that caused her ears to perk up.
07.05 / 12:45
markets Manufacturing Platform Sustainability Food cover Updates Everstone Capital acquires Germany’s Qlar Group in $150-200 million deal
Subscribe to enjoy similar stories.MUMBAI: Private equity firm Everstone Capital has acquired Germany-based industrial equipment maker Qlar Group from Blackstone, the companies said in a statement on Thursday.While the companies did not disclose financial details, the transaction is estimated to be worth $150-200 million, including equity and debt, according to a person familiar with the matter.The acquisition underscores Singapore-based Everstone’s push to back global manufacturing and engineering businesses with significant operations in India and Asia. Qlar derives about 25% of its revenue from India, the person said.“Qlar is a differentiated industrial technology platform with a strong global footprint and deep engineering capabilities,” said Avnish Mehra, vice chairman, private equity at Everstone Capital, adding that the company’s operations in India and Asia position it to benefit from competitive manufacturing and proximity to high-growth markets.“We see a clear opportunity to build on these strengths, supported by our cross-border experience and network, to drive disciplined and sustainable growth,” he added.Everstone said it will partner with Qlar’s management team to strengthen market access and commercial capabilities while expanding the company’s portfolio of lower-carbon and circular material-processing solutions.
07.05 / 12:45
markets Virus hospital outbreak infection symptoms Updates How worried should you be about hantavirus?
Subscribe to enjoy similar stories.On April 1st MV Hondius, a cruise ship carrying around 150 passengers and crew, set sail from Argentina towards the island nation of Cabo Verde. By early May an outbreak of hantavirus was reported on board, sending international health authorities scrambling to contain further spread and treat those taken ill.As of May 6th three cases among those on board had been confirmed and five more were suspected. Of those eight people, three have died.
07.05 / 10:47
UPS Citi love beautiful travelers mountaineering Poetry, public transport and slow travel in Iran
Subscribe to enjoy similar stories.Iran had just opened up e-visas for Indian travellers, but ours quickly got rejected. I read on forums that it was common to get an e-visa rejection, no reasons given. So we set about charting the archaic, long-winded route to get a physical visa at the embassy: get a visa code through an Iranian travel agency, file an application with travel documents at the Iranian consulate in Mumbai and submit medical test results for TB and HIV.
07.05 / 10:47
markets Waves Art country cover exclusive reports India’s rich fuel boom in bespoke decor, luxury furniture
Subscribe to enjoy similar stories.Luxury home decor and furnishing brands are seeing a rise in demand in India as wealthy consumers splurge on larger homes, renovations and design-led interiors.From dinnerware costing several lakh rupees to collectable decor and contemporary furniture, affluent buyers are increasingly spending on their homes with luxury malls dedicating floors to what retailers describe as the "sleeper category".In New Delhi’s The Chanakya mall, an entire floor is now dedicated to luxury home and decor brands, including Jay Strongwater, Baccarat, Diptyque and Lladró, alongside Indian labels such as Janavi Home and Ravissant.The luxury home segment in India has seen a post-pandemic acceleration, with a fresh wave of global brand entries and expansions. Reliance Brands brought Pottery Barn to India in 2022, marking one of the early large-format bets on organised luxury home retail.
07.05 / 10:47
markets COST UPS Discover country reports rights Unearth gold to lighten its import burden—there’s plenty of this metal waiting to be dug up in India
Subscribe to enjoy similar stories.India’s merchandise trade deficit was about $333 billion in 2025-26, 17.5% wider than the previous year’s. Reducing import dependence is critical and gold stands out as a major item in this context. As the world’s second-largest gold consumer, the country imported nearly 803 tonnes in 2024-25 but produced just 1.6 tonnes (0.2% of demand); last year’s figures would be comparable.
07.05 / 10:47
markets UPS Chevron Trade War Updates Not all oil giants are prospering from the Iran war
Subscribe to enjoy similar stories.The third gulf war should, in theory, be a huge blessing for big oil. In January most analysts had expected Brent crude, the global oil-price benchmark, to average $60 a barrel in 2026. It ended the first quarter at $118; refined products have risen faster still.
07.05 / 09:59
markets UPS Platform Interface Inside Updates Relationships The ChatGPT-ification of American business
Subscribe to enjoy similar stories.For years, companies have been looking to replicate the smooth conversational experience of ChatGPT with artificial-intelligence agents and chatbots on their websites. Now some are finding there might be value in cozying up to ChatGPT itself.OpenAI in recent weeks has seen a surge in businesses publishing so-called ChatGPT apps, including rollouts from Starbucks, Little Caesars Pizza and Wyndham Hotels last month.These apps are a way for users to engage with brands directly inside the ChatGPT interface, getting answers and advice on products and services.
07.05 / 09:59
markets CEO Food wellness country reports rights Coke keeps beating Pepsi. Warren Buffett’s bet has paid off.
Subscribe to enjoy similar stories.One of the more surprising stock stories of 2026 has to be Coca-Cola’s year-to-date outpacing of the S&P 500 index and its ancient foe, PepsiCo—with the latter point being as significant as the former to well-versed investors.Of course, this is the shortest of short time periods, the very opposite of what Coke’s biggest champion, Warren Buffett, the recently retired CEO of Berkshire Hathaway, would consider prudent. In fact, over the past nine years—basically the tenure of Coke’s former CEO James Quincey, who stepped down on March 31—Coke’s stock performance has been decidedly meh versus the market, though again, superior to Pepsi’s, for those keeping score at home.Why, then, does Berkshire continue to hold 400 million shares of Coke, a stake that Buffett built in the late 1980s and now worth some $31 billion, accounting for 9.3% of that company and 9.6% of Berkshire’s investment portfolio? (Note that new Berkshire CEO Greg Abel has called Coke one of Berkshire’s “core four” investments, along with Apple, Moody’s, and American Express.)A look at the current state of Coke—“by America’s side for 140 years of its 250 years”—provides some compelling clues.First, let’s acknowledge the brisk headwinds Coke faces.
07.05 / 09:59
markets COST country travelers shock Southeast Asia ought to bail out private budget airlines as fuel costs surge—here's why
Subscribe to enjoy similar stories.The global jet-fuel crunch is hitting Asia’s low-cost airlines harder than their full-service counterparts. Governments should prepare financial or operational support to avoid further flight cancellations during the busy summer travel season—as well as outright shutdowns like the collapse of America’s Spirit Airlines.Discount carriers like Malaysia’s AirAsia, Indonesia’s Lion Air and Cebu Air of the Philippines are already bearing the brunt of the energy shock. Policymakers must consider targeted measures in the form of loans, grants or fuel price relief.
07.05 / 09:59
markets COST wellness show performer Updates Bajaj’s export strength may not be enough to justify steep valuation premium over Hero
Subscribe to enjoy similar stories.Investors of Bajaj Auto and Hero MotoCorp stocks have little to complain about their March quarter (Q4FY26) performances. After all, Bajaj and Hero’s Ebitda grew by 36% and 31% year-on-year, respectively, to ₹3,323 crore and ₹1,856 crore.The companies tackled sequential profitability concerns over high input costs well. This reflects in the sequential improvement in Ebitda per vehicle by 3% for Bajaj to ₹24,200 and by 1.5% for Hero to ₹10,800.So, what led to the stellar show? Profitability protection by increasing the average selling price (ASP) and robust sales volume growth.
07.05 / 09:59
markets UPS IPO Provident security reports Updates KKR-backed InCred Holdings files updated IPO papers; valuation may touch ₹15,000 crore
Subscribe to enjoy similar stories.KKR-backed InCred Holdings Ltd, primarily operating through its material subsidiary InCred Finance, has filed its updated draft red herring prospectus (DRHP) with the markets regulator.The initial public offering (IPO) size is likely to be around ₹3,000 crore and value the firm at up to ₹15,000 crore, two people aware of the matter told Mint.The offering comprises a fresh issue of equity shares totalling ₹1,250 crore and an offer for sale of up to 99 million shares from existing investors, as per the updated DRHP filed with the Securities and Exchange Board of India (Sebi).Shareholders participating in the process include KKR India Financial Investments Pte, MNI Ventures, MEMG Family Office LLP, and V’Ocean Investments Ltd.The company said it may also consider a pre-IPO fundraise of up to 20% of the fresh issue size, which comes up to ₹250 crore, and then reduce the fresh issue size proportionately.The Mumbai-based firm, which had ​confidentially filed draft papers in November 2025, intends to use the net proceeds to increase InCred Finance's capital base, specifically to strengthen tier-I capital and support onward lending.Founded by former Deutsche Bank AG executive Bhupinder Singh in 2017, InCred Holdings now operates as a holding company for the same.
07.05 / 09:59
Platform cover song reports Courts Delhi high court refers Zee-JioStar copyright dispute to mediation
Subscribe to enjoy similar stories.MUMBAI: The copyright dispute between the Reliance-Disney joint venture and Zee Entertainment has been referred to mediation after both sides agreed to explore an amicable settlement.Mint has seen the 5 May order passed by Justice Tejas Karia, which stated that “with the consent of the Parties, they are referred to mediation before the Delhi High Court Mediation and Conciliation Centre (DHCMCC), where they shall appear on 20 May”. Both sides have sought the appointment of a senior mediator.Mint’s queries sent to Zee Entertainmentremained unanswered till press time.
07.05 / 09:59
COST Digital wellness cover reports Updates Why your health insurance won't cover the true cost of ageing
Subscribe to enjoy similar stories.Most of the recent conversations around Bima Sugam, the IRDAI-backed one-stop digital insurance marketplace, have focused on access – simpler purchases, standardised products, and possibly lower costs through zero-commission policies. If executed well, this could reduce the friction in buying and managing insurance.But for households dealing with ageing parents, this addresses only one part of the financial reality. The more relevant question is not whether insurance is easier to buy, but whether it meaningfully covers the full cost of ageing.India is already at an inflection point.
07.05 / 08:45
awards film Actor Oscar Norwood performer Updates The Oscars have rolled back the red carpet for AI—should we give the Academy a standing ovation?
Subscribe to enjoy similar stories.As part of a substantive change in rules, the Academy of Motion Picture Arts and Sciences has emphasized that only acting “demonstrably performed by humans” and “human-authored” writings will qualify for Oscar awards. The rules have been updated to address cases like that of an AI-generated version of the deceased actor Val Kilmer vying for an award.Note that AI usage in Oscar-nominated movies in 2024 and 2025 focused on augmentation—including voice cloning and enhancement and visual effects—rather than creation. For example, in The Brutalist, AI had enhanced actors’ Hungarian accents.
07.05 / 08:45
Target SUN security Strategy performer reports Aditya Birla Sun Life AMC joins Category III AIF rush with ₹2,000 crore fund
Subscribe to enjoy similar stories.Aditya Birla Sun Life Asset Management Co. is raising a ₹2,000 crore alternative investment fund (AIF) that will target the stocks of mid- and small-cap companies, joining a growing list of asset managers targeting wealthy investors with hedge fund-style products.The fund, ABSL Select Sector Fund, will open with a base corpus of ₹1,500 crore and a greenshoe option of ₹500 crore, executives at the Mumbai-based firm said.
07.05 / 08:45
markets Manufacturing Gap economy testing Updates Headlines Do the GDP overestimation claims of India’s former CEA stand up to statistical scrutiny? Look closely
Subscribe to enjoy similar stories.In 2019, Arvind Subramanian, India’s former chief economic advisor, argued in a Harvard working paper that Indian GDP had been overestimated by 2.5 percentage points a year from 2011-12 to 2016-17. His central exhibit was a chart of 17 economic indicators, 11 of which had turned negatively correlated with GDP after 2011. The starkest case was the Index of Industrial Production (IIP) for manufacturing, at minus 0.78.Extend the data by seven years using the same method.
07.05 / 08:45
markets FIVE economy Sustainability Enterprise Updates Polycab’s outlook brightens after FY26 market share gains
Subscribe to enjoy similar stories.Shares of Polycab India jumped over 7% on Thursday, also hitting a 52-week high of ₹8,991.50 despite 160 basis points year-on-year drop in its March quarter (Q4FY26) Ebitda margin to 13.1%.While a sharp increase in input prices and higher logistics costs hurt margin, price hikes taken last quarter helped Polycab beat analysts’ estimates. Plus, the company’s market share improved by four percentage points in FY26 to about 30-31%, which should benefit Polycab as demand stabilizes.Despite the near-term disruption, the domestic demand outlook remains strong, primarily led by the power sector.
07.05 / 08:45
COST UPS Digital Strategy Mobile performer reports McKinsey report: Indian banks have peaked in performance but they still have a long way to go
Subscribe to enjoy similar stories.Banks are at their peak performance in India. Credit growth is faster than nominal GDP growth, world-class digital platforms have arisen and regulations have been supportive. Return on assets reached a milestone 1.4% and gross non-performing assets (NPAs) fell to a 13-year low in fiscal year 2024-25.

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