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28.04 / 13:37
markets security Food Universities reports recommendations Updates AWL Agri bets on foods turnaround to drive FY27 volume growth
Subscribe to enjoy similar stories.MUMBAI: AWL Agri Business Ltd expects a recovery in volume growth in FY27, led by a turnaround in its foods segment, management said on Tuesday.“As far as volume growth is concerned, edible oil should continue to grow at a mid-single digit,” said Shrikant Kanhere, managing director and chief executive of AWL Agri Business Ltd, in an interaction with Mint. “Food is something we want to turn around next year with double-digit volume growth.”AWL Agri Business, formerly known as Adani Wilmar, reported underlying volume growth of 4% in FY26, with 14% growth in the March quarter (Q4FY26).
28.04 / 12:25
markets security President track Olympics reports mountaineering When America and China Were Friendlier—and 10,000 Soldiers Built a Bike Track
Subscribe to enjoy similar stories.Once upon a time, a U.S. president asked his aides for one thing before his trip to Beijing: a chance to be seen as a regular guy.It was 2005, a relatively warm chapter in U.S.-China relations, and George W. Bush was a passionate mountain biker.
28.04 / 12:25
markets UPS IPO Target FIVE Bill Trade Can Social-Media Fame Power an IPO? Bill Ackman Is About to Find Out.
Subscribe to enjoy similar stories.Bill Ackman wants to capitalize on his social-media fame by opening his hedge-fund strategy to the masses. It remains to be seen how enthusiastic the masses are.The billionaire investor plans to stage a unique double listing Wednesday, taking public both a new stock-picking fund, Pershing Square USA, and his hedge-fund management company, Pershing Square.
28.04 / 12:25
markets Target security Continental War Updates The Best Place for a Data Center? Croatia
Subscribe to enjoy similar stories.Dubrovnik, CroatiaEurope’s data center markets need more energy. Demand for energy to power the data centers is projected to grow from 10 gigawatts in 2024 to 35 gigawatts by 2030.
28.04 / 11:57
markets COST UPS Manufacturing Strategy Food Loaf story: How The Health Factory multiplied 10 loaves of bread to feed the multitude
Subscribe to enjoy similar stories.Bengaluru: In a Mumbai apartment, Abhishek Sarkate spends his days staring at a glowing screen. As a video editor working remotely, his world rarely extends beyond his desk. A while back, when he tried outsourcing his food, ordering in or eating out, his gut rebelled.
28.04 / 11:27
markets Extreme Cycling track Updates Should you track your mutual fund's cash levels?
Subscribe to enjoy similar stories.As the Nifty 50 crashed more than 11% in March amid escalating tensions between the US, Iran and Israel, equity funds slashed their cash holdings throughout the month, aggressively buying into stocks at beaten-down prices. This widespread reduction in liquidity highlighted how differently fund managers utilize "dry powder" during a crisis.
28.04 / 11:27
markets Digital Pool Healthcare Cycling country AI could make use of India’s health stack data to expand the country’s health insurance coverage
Subscribe to enjoy similar stories.Nearly 70% of Indians lack meaningful health insurance. Our penetration rate— just 0.35% of GDP—is lower than that of China, Hong Kong and Taiwan. The conventional explanation is that Indians either do not understand insurance or cannot afford it.
28.04 / 10:19
UPS Refugees War Fishing International The Indian Ocean islanders who were pummeled by history—and now by Trump, too
Subscribe to enjoy similar stories.TOMBEAU BAY, Mauritius—Over centuries, the people of the remote Chagos Archipelago have been battered by forces beyond their control. Slavery.
28.04 / 10:19
markets Action Parke cover 2020 reports Updates Mint Explainer | What losing its payments bank licence means for Paytm
Subscribe to enjoy similar stories.On Monday, shares of One97 Communications Ltd, which operates Paytm, fell more than 8% intraday before trimming losses to close 1% lower at ₹1,137.80 apiece on the National Stock Exchange. The decline followed the Reserve Bank of India’s (RBI) cancellation of Paytm Payments Bank Ltd’s (PPBL) licence.But what triggered the action, and what does it mean for India’s fintech major? Mint breaks it down.PPBL, launched in May 2017, had long been under regulatory scrutiny over its operational structure and dependence on its parent’s technology systems and data-sharing arrangements.Over time, RBI flagged concerns including breaches of deposit limits and weak know-your-customer (KYC) controls, which it said weakened safeguards against money laundering risks.
28.04 / 10:19
markets Art Manufacturing country cover classical reports Why Smoke Lab maker is adding beer and single-malt whisky to its portfolio
Subscribe to enjoy similar stories.When NV Group launched Smoke Lab, it aimed to do vodka differently—ditching familiar citrus and berry profiles for local flavours.“When we started doing flavours, nobody was thinking about Indian flavours. Everybody was doing orange, lime, lemon and raspberry.
28.04 / 10:19
markets UPS voice Updates Sporting athletics Brand impulse gone wrong? Nike’s Boston Marathon ad campaign was a risk it shouldn’t have taken
Subscribe to enjoy similar stories.Good marketing can be edgy or cheeky, even provocative. It should have a point of view and be memorable.
28.04 / 08:41
markets UPS Citi Waters Platform electronic Native logic: Urban Company bets on Diwali launch of AC-purifier hybrid to scale consumer durables business
Subscribe to enjoy similar stories.BENGALURU: Urban Company Ltd plans to launch an air-conditioner-cum-air purifier ahead of Diwali this year, according to two people with direct knowledge of the matter, as the quick-services platform expands beyond its home and beauty services business and deepens its presence in its consumer durables vertical.Urban Company entered the consumer durables segment in October 2023 with the launch of its Native brand, starting with water purifiers. Since then, the company has added electronic door locks and is now looking to scale up with air-conditioner-cum air purifiers.“Urban Company can only make so much profit from its services business because that depends heavily on manpower and day-to-day operations.
28.04 / 08:41
markets Digital Progressive Align Intuit stage inclusion How personal finance could become a breeze now that Agentic AI is ready to do the grunt work
Subscribe to enjoy similar stories.In most modern homes, we only think about electricity or wi-fi when they stop working. They are essential, life-altering utilities that function quietly in the background, demanding zero cognitive effort. They enable productivity, comfort and continuity without needing constant intervention.
28.04 / 08:41
markets COST economy Enterprise Research performer Updates Metals rally masks growth hurdles at Hindustan Zinc
Subscribe to enjoy similar stories.Hindustan Zinc's robust March quarter (Q4FY26) performance, aided by the sharp rally in silver and zinc prices, masks an underlying vulnerability: its limited capacity for further production growth.Silver production at 627 tonnes was lower year-on-year in FY26, missing the guidance of 705 tonnes. FY27 guidance is 685 tonnes. Refined metals (zinc plus lead) production of 1.05 million tonnes (mt) in FY26 also missed guidance, and was lower year-on-year.
28.04 / 08:41
UPS BLOCK security Trade cover reports Updates Peak XV fully exits MobiKwik in ₹130-crore block deal after RBI nod for NBFC licence
Subscribe to enjoy similar stories.Venture capital and growth investing firm Peak XV Partners has fully exited One MobiKwik Systems Ltd through an over ₹130-crore block deal, selling its remaining stake shortly after the fintech secured the non-banking financial services (NBFC) licence.The investor sold around 6.08 million shares, or about 7.7% of MobiKwik’s equity, at an average price of ₹214 apiece in a transaction executed at 9:15am on 28 April, according to two people aware of the matter.Buyers included private equity firm Florintree, hedge fund Viridian Asset Management, alternative investment firm Dymon Asia Capital and equity investment management firm Karma Capital, the people said.The ₹130-crore deal delivered about 3x returns for Peak XV on its investment in the company.Peak XV’s exit marks the departure of the last major PE fund from MobiKwik’s cap table. In September 2025, Abu Dhabi Investment Authority (ADIA) sold its 2.1% stake in a block deal, after which MobiKwik shares rallied as much as 14%.Peak XV, formerly Sequoia Capital India & SEA, had been an early backer of MobiKwik and remained invested through the company’s public listing.The block sale came a day after MobiKwik announced that the Reserve Bank of India had approved its application for the NBFC licence.
28.04 / 07:31
markets UPS economy Fallout War Is China the big winner of the US-Iran conflict? Seen from the prism of a 21st century cold war, plausibly
Subscribe to enjoy similar stories.I can see from your coat, my friend, that you’re from the other side/ Can you tell me, please—who won the war?—Wooden Ships by Crosby, Stills, Nash and YoungIt is now relatively quiet on the West Asian front and there is little doubt that we have moved away from the brinkmanship of 7 April, a critical turning point. On that day, US President Donald Trump threatened a civilizational war against Iran, which responded by mobilizing human shields to protect critical infrastructure and suspending truce talks with the US. In that moment, the price of Brent crude oil for physical delivery briefly surged to $144 per barrel and headlines warned of ‘Armageddon.’ This marked the peak of global panic.
28.04 / 07:31
Entertainment Sustainability song rights Profiles Piracy, AI biggest challenges to growth of Indian music industry: IFPI
Subscribe to enjoy similar stories.India’s music industry is finally witnessing a long-awaited shift from free to paid consumption, with revenues and subscriptions climbing steadily.Yet the transition remains fragile. Sustaining the move from free to paid listening is critical, especially at a time when AI-generated versions of songs threaten to divert streams from original works and pirated sources continue to undercut legitimate consumption.Speaking to Mint, Victoria Oakley, chief executive officer of IFPI (International Federation of the Phonographic Industry)—the organisation that represents the interests of the recording industry worldwide—said the recent uptick in paid streaming marks a long-promised transition for India.However, she cautioned that the regulatory framework around AI remains unclear, even as governments, including India’s, grapple with how to balance technological innovation with rights protection and fair monetization for the creative community.According to a recent Ficci EY report, the Indian music segment, measured as revenues earned by music labels from licensing and other income, grew by 10% to reach ₹5900 crore in 2025.
28.04 / 06:47
markets UPS CEO Apple Pool reports Updates Berkshire’s Domino’s holding is another loser among its smaller stock investments
Subscribe to enjoy similar stories.Berkshire Hathaway may be de-emphasizing its smaller stock picks under CEO Greg Abel and the selloff Monday in Domino’s Pizza would support such a pullback.Berkshire owned just under 10% of Domino’s—some 3.35 million shares—at year-end. The stock fell nearly 9% Monday to $335.51 and hit a new 52-week low earlier in the session after the company reported results for the March that missed the consensus estimate on both revenue and earnings.Berkshire bought most of its stake in late 2024 at what Barron’s estimates is a price of between $400 and $450 and added to the holding in the fourth quarter of 2025.
28.04 / 06:47
markets Target BLOCK Cooper Platform country Updates Meta is preparing to have to undo its Manus acquisition after China ban
Subscribe to enjoy similar stories.Meta Platforms is preparing to have to unwind its acquisition of the artificial-intelligence startup Manus after China banned the transaction on national-security grounds Monday, according to people familiar with the matter.Meta bought Manus, a China-linked, Singapore-based startup that specializes in building AI agents, in December for $2.5 billion, and quickly moved to integrate the new technology into its systems. Any attempt to undo the acquisition would mean disentangling the two.In another complication, Manus’s investors, which include California-based venture-capital firm Benchmark, have already received their returns, people with knowledge of the matter said.Meta garners significant revenues from Chinese advertisers who target consumers outside China, despite Facebook and other Meta apps being blocked in the country.Several former Manus investors in Asia, including Tencent, HSG and ZhenFund, have planned to cooperate if Meta goes ahead to unwind the deal, some of the people said.Beijing has handed the two companies a preliminary deadline of several weeks to unwind the deal and fully restore Manus’s Chinese assets to their original state, some of the people said.
28.04 / 06:47
markets UPS Provident FIVE Google Bill Updates AI is confronting a supply-chain crunch
Subscribe to enjoy similar stories.A new craze has taken hold of Silicon Valley in recent months. Techies looking to prove they are among the vanguard of artificial-intelligence adoption have taken to “tokenmaxxing”, competing against one another to burn through the most tokens (as the chunks of text processed by AI models are known). Between January and March, the weekly tokens processed by OpenRouter, a marketplace for accessing models, quadrupled.As demand for AI soars, the industry behind it is struggling to keep up.
28.04 / 06:47
markets Progressive Align information reports Equality International Fiscal opacity distorts the financial picture that India’s Finance Commissions need to do their role justice
Subscribe to enjoy similar stories.At its core, India’s Finance Commission (FC) is a constitutional mechanism for equalization, ensuring that differences in income across states do not translate into differences in access to basic public services. But equalization is only as effective as the information it uses. When fiscal data is incomplete or opaque, the FC’s recommendations—however well intentioned—risk misallocating resources, weakening incentives and undermining fiscal discipline.Fiscal transparency is foundational to India’s fiscal federal system.

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