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01.05 / 03:45
markets UPS Digital Enterprise track reports Department Uco Bank sees MSMEs steady amid global headwinds, eyes growth from retail loans
Subscribe to enjoy similar stories.State-owned Uco Bank expects its micro, small and medium enterprises (MSME) portfolio to remain stable despite global headwinds, managing director and chief executive officer Ashwani Kumar told Mint in an interview on Thursday. The bank is eyeing a retail lending boost and is stepping up investments in technology to drive growth, he said.While geopolitical tensions and supply-chain disruptions could have some impact, Kumar expressed confidence that policy support would help cushion the sector.
01.05 / 01:45
markets Target President War testing shock Updates Mint Quick Edit | The Federal Reserve’s credibility may soon be tested as Jerome Powell hands the baton to Kevin Warsh
Subscribe to enjoy similar stories.The US Federal Reserve kept its main policy rate unchanged on Wednesday as Jerome Powell presided over the rate-setting committee’s meeting for the last time. The Fed is concerned about inflation, which has exceeded its 2% target and could rise further as the supply shock caused by the war in West Asia sends prices of goods and services soaring in the US and elsewhere.
01.05 / 01:45
security Strategy War country Trump’s threat to pull troops from Germany risks eroding US power projection
Subscribe to enjoy similar stories.President Trump says he is weighing whether to reduce the number of U.S. troops stationed in Germany. If he goes ahead, it would reshape the military presence that has allowed America to project power in Europe, the Middle East and beyond.Trump’s remarks came amid a spat with German Chancellor Chancellor Friedrich Merz, who told a group of students that the U.S.
01.05 / 01:45
UPS CEO NVIDIA classical Updates Headlines From Intel to Nvidia, tech CEOs are embracing quantum. Why it matters.
Subscribe to enjoy similar stories.Intel CEO Lip-Bu Tan became the latest technocrat to embrace quantum computing on Thursday as privately held PsiQuantum announced he would be joining the company’s board.It’s a big step for someone who has previously cited quantum computing as a strategic priority. Back in February, Tan described quantum as “another big area coming up is around the corner” in relation to how large amounts of data are processed.Even before then, the executive had ties to PsiQuantum and other players in the industry.
01.05 / 01:45
markets UPS Research performer information Updates Rupee slide deepens in 2026: Will it hit 100 against the dollar?
Subscribe to enjoy similar stories.Talk of the Indian rupee at 100 to the dollar is back. The currency has been among the worst performers globally since 2025, and 2026 hasn’t offered much relief. It has continued to weaken, even as the 95 level against the US dollar holds, for now.The rupee on Thursday settled at 94.84 against the dollar, up 4 paise on the day—little to change the broader direction.
01.05 / 00:55
markets UPS Experts track reports Updates Tata Sons can’t escape RBI’s public funds net
Subscribe to enjoy similar stories.A clarification by the Reserve Bank of India has undercut Tata Sons’ attempt to distance itself from public funds, potentially retaining it in the upper layer of non-bank financial companies (NBFCs), a category that entails tighter regulation and a mandatory listing requirement.The move complicates matters for the holding company of the Tata group, which has been trying to stay private, especially since RBI introduced its scale-based supervision of non-bank lenders.Late Wednesday, the central bank said it has received feedback that the mention of ‘indirect public funds’ in its draft non-banking financial company (NBFC) circular of 6 February leads to treating equity investment in an NBFC by group entities having debt as ‘indirect receipt of public funds’.Per RBI, public funds include funds raised either directly or indirectly through public deposits, inter-corporate deposits, bank finance and all funds received from external sources.Mint had reported in 2024 that Tata Sons had turned debt-free in a bid to avoid getting listed under the upper layer regulations and surrendered its registration as a core investment company (CIC). The RBI is yet to communicate its decision on this issue.A former regulator said the earlier argument was that since Tata Sons does not have public funds, it can give up its CIC registration, not be in the upper layer, and therefore can stay private, does not hold water.
01.05 / 00:55
markets Target FIVE country electronic Courts Updates Rising govt spending, export demand give Indian defence cos ₹15trn runway
Subscribe to enjoy similar stories.The top private and state-owned defence companies are looking at a ₹15 trillion revenue opportunity over the next five fiscal years, according to brokerage Dam Capital on 27 April, as rising government capital expenditure and an export push combine to reshape the country's arms sector into a global supplier.The windfall is being spread across five big firms, Hindustan Aeronautics, Bharat Electronics, Bharat Dynamics, Mazagon Dock Shipbuilders, and Larsen & Toubro's Precision Engineering & Systems division, with exports projected to be over ₹72,000 crore for the period, according to industry projections and company disclosures. Defence exports already hit ₹38,424 crore in FY26, as per defence ministry data, and the government has set a target of ₹50,000 crore by FY29 at a compounded annual growth rate of 9%.The exports are being driven by two key points: increasing localized production of light to heavy artillery, and the latter leading to exports of India-made defence equipment to regions such as West Asia, central and south-east Asia, and Africa as well.This is a change for the country.
01.05 / 00:55
markets UPS wellness trends show reports patient As weight drops fast, cosmetic clinics see surge in ‘Ozempic face’ fixes
Subscribe to enjoy similar stories.Lose weight quickly, and it often shows up on the face first. As fat disappears, the skin can sag, accentuating signs of ageing.
01.05 / 00:55
markets security Trade reports testing Courts Reliance sells unit to former associate company, in test of Sebi's related party transaction rules
Subscribe to enjoy similar stories.Reliance Industries Ltd’s recent sale of a second-level step-down subsidiary to a little-known company may test the limits of regulation on related-party transactions even while technically keeping to the rules, said legal and governance experts.On 13 April, Reliance Retail Ltd sold its subsidiary, Reliance Projects & Property Management Services Ltd (RPPMSL), to Jaipur Enclave Pvt. Ltd for ₹ ₹274 crore, according to a stock exchange filing.The sale consideration is small compared to the scale of the sold unit.
01.05 / 00:55
markets security War show country International Why France’s gold move may hold a cue for India in a post-Trumpian world
Subscribe to enjoy similar stories.Last month, France did something that would have been unimaginable a few years ago; certainly before the outbreak of the Ukraine war, when US-led sanctions cut Russia off from the Swift payment system, the main messaging network that enables secure international financial transactions, and froze more than $300 billion of its assets. Its central bank, the Bank of France, pulled out its remaining gold reserves held in New York. Admittedly, no central bank today relies on gold to back its currency.
30.04 / 16:15
markets FIVE trends show performer Pulse of the Street: Will the April sprint stumble over $126 oil and a 95-plus Rupee?
Subscribe to enjoy similar stories.Indian equities ended the holiday-truncated week only marginally higher, as stalled talks between the US and Iran and president Donald Trump's rejection of Tehran's proposal to remove the blockade of Hormuz pushed crude prices to a three-year high of $126 per barrel.Still, benchmark indices posted their best monthly show in nearly three years in a relief rally, as investors piled into beaten-down stocks after US and Iran announced a ceasefire early in April following more than a month of conflict.Surging crude prices pushed the rupee to a record low of 95.32 against the US dollar, sparking concerns that a fragile West Asia truce could unravel, intensifying inflationary and margin pressures. The weakening currency also accelerated foreign outflows, further dampening market sentiment.The Nifty 50 slipped 0.3% to 23,997.55, while the Sensex fell 0.8% to 76,913.5 on Thursday amid geopolitical concerns.
30.04 / 14:11
UPS ICE Research students patient Schools International The barefoot scientist: How a self-taught breeder gave mangoes a winter coat
Subscribe to enjoy similar stories.Kongara Ramesh is a man of many obsessions. A self taught homeopath, like scores of practitioners in India, he has treated tens of thousands, free of cost. A school dropout, he is also the creator of a handful of unique varieties of mangoes, India’s most beloved fruit.Ramesh is, what you may call, a seasoned plant breeder.
30.04 / 14:11
markets UPS IPO FIVE Parke track reports IPO-bound Bagmane Reit eyes acquisitions, bets on strong GCC demand
Subscribe to enjoy similar stories.Blackstone-backed Bagmane Prime Office Reit, which is set to launch its ₹3,405-crore initial public offering (IPO) next week, expects strong leasing momentum led by global capability centres (GCCs) as it looks to acquire assets and grow its portfolio, CEO Richard Hugh Andrew said.The IPO, which opens on 5 May, comprises an issue of fresh shares worth ₹2,390 crore and an offer for sale (OFS) worth up to ₹1,015 crore by a Blackstone affiliate. The proceeds from the new shares will be used to part-fund the acquisitions of Luxor at Bagmane Capital Tech Park, a million sq ft completed asset, and a 93% stake in Bagmane Rio Business Park, a 1.1 million sq. ft leased building.India currently has four listed office Reits—Mindspace Business Parks Reit, Embassy Office Parks Reit, Brookfield India Real Estate Trust (Biret) and Knowledge Realty Trust.
30.04 / 13:01
markets COST UPS Mobile reports Updates Indian Bank expects margins to moderate in FY27 on elevated deposit costs
Subscribe to enjoy similar stories.MUMBAI: Indian Bank expects steady balance-sheet growth in fiscal year 2026-27 (FY27) but warned that margins could remain under pressure as deposit costs stay elevated and funding growth lags credit demand.“The cost of deposit is not going down, that is the major concern. Credit growth has been outpacing deposit growth since the last so many quarters, so there, of course, will be some bearing on cost of deposit,” managing director and chief executive officer Binod Kumar said.The bank’s ability to cut deposit rates is constrained by the need to keep deposit mobilization in line with credit growth.
30.04 / 12:47
markets UPS Bill electronic information reports Updates No more OTP hassle: how RBI’s new e-mandate rules smooth out high-value payments
Subscribe to enjoy similar stories.Many Indians rely on recurring payments to manage everything from systematic investment plan (SIP) installments and insurance premiums to credit card bills. However, until recently, there was a major pain point for transactions above ₹15,000 done through cards or UPI: the requirement for a one-time password (OTP).
30.04 / 11:27
markets UPS Citi Art hospital reports travelers Domestic footfalls lighting up India's hotels
Subscribe to enjoy similar stories.In hotels across India, not much looks different at the first look. The check-ins are the same, the wedding crowds have not gone away and the weekend rush in Goa or Jaipur continues.
30.04 / 11:27
markets Action Research social innovations rights Updates To define is to confine—and like the heffalump, the entrepreneur isn’t easy to encage or identify
Subscribe to enjoy similar stories.Many years ago, in 1971, Peter Kilby wrote that understanding entrepreneurship is like hunting a ‘heffalump,’ a fictional elephant-like creature from Winnie-the-Pooh.Many claim to have captured it, but their descriptions do not match and no two agree on what it looks like. After centuries of research, we are still arguing about what an entrepreneur really is.
30.04 / 11:27
markets Target Strategy Mobile trends show reports BSNL sets ambitious Arpu target of ₹150 in FY27, betting on 4G rollout, higher-value plan
Subscribe to enjoy similar stories.NEW DELHI: Bharat Sanchar Nigam Ltd (BSNL) has set an ambitious target of increasing its average revenue per user (Arpu) by almost 50% to ₹150 in the current fiscal year. This after a recent annual review flagged concerns “regarding the stagnation of core business revenue” of the state-owned telecom operator, according to the meeting document seen by Mint.The target was set at a review meeting of BSNL with communications minister Jyotiraditya Scindia on 23 April.
30.04 / 11:27
Platform NVIDIA Research reports travelers Courts Updates Mint explainer: How the Musk vs Altman case could reshape OpenAI’s future
Subscribe to enjoy similar stories.A public feud that played out on social media for years is now having its day in court. Tech billionaire Elon Musk took the stand this week and described OpenAI as a “stolen charity”, escalating a legal battle that is at the heart of the global artificial intelligence (AI) race.The lawsuit, filed by Musk against OpenAI and its chief executive, Sam Altman, also a billionaire, seeks damages of around $150 billion and challenges the company’s shift from a non-profit research lab to a commercial AI powerhouse.The case comes at a time when OpenAI is updating its guiding principles, reworking key partnerships, and expanding its footprint across cloud platforms.
30.04 / 09:33
markets UPS NOC information Traffic Updates A glimpse into cyber-security’s AI-driven future
Subscribe to enjoy similar stories.IT TAKES ONLY a brief chat with the organisers of Black Hat Asia to realise this is no ordinary conference. Whereas most professional get-togethers invite their guests to piggyback on the hotel Wi-Fi, Black Hat builds the network for its annual conferences in Las Vegas, London and Singapore from scratch, installing switches, access points, firewalls and monitoring sensors before the conference opens.
30.04 / 09:33
UPS Manufacturing Platform security Freedom country Uncle Sam may be pulling out from the Indo-Pacific—can a post-pacifist Japan could help fill the vacuum?
Subscribe to enjoy similar stories.It has been almost two decades since the late Shinzo Abe [former prime minister of Japan] stood in India’s parliament and told the assembled legislators that “it is incumbent upon us two democracies, Japan and India, to carry out the pursuit of freedom and prosperity in the region.” Abe defined their task as protecting freedom of navigation in what he was perhaps the first to call the Indo-Pacific. That task has gotten only more urgent as America withdraws—or, more recently, imposes blockades on crucial straits—and China pushes harder against the first island chain.

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