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27.04 / 14:37
UPS Digital Platform security cover reports Updates Mobikwik expects to see better margins after RBI nod for NBFC arm
Subscribe to enjoy similar stories.One MobiKwik Systems Ltd expects to see margins improve after the Reserve Bank of India approved its application for a non-banking financial company (NBFC) licence, the company’s top executive told Mint.This marks a key regulatory milestone for the listed fintech as it looks to deepen its lending business. The licence will sit under wholly owned subsidiary MobiKwik Financial Services Pvt Ltd.“We have got this NBFC license to make our business more efficient and improve on margins,” said Bipin Preet Singh, chief executive officer of MobiKwik.
27.04 / 13:13
markets UPS Strategy country exclusive Updates JSW MG Motor sees early gains from luxury play, rivals take note
Subscribe to enjoy similar stories.JSW MG Motor India Pvt. Ltd, the joint venture between China’s SAIC Motor Corp.
27.04 / 13:13
markets UPS Provident SUN Allianz Pharmaceuticals Eyeing global heft, Indian cos open their purse strings for buyouts
Subscribe to enjoy similar stories.Mumbai: From technology to automobiles to pharmaceuticals, Indian companies are scaling up their global ambitions like never before.They are using large acquisitions overseas to quickly scale, deliver higher value products and compete on the global stage. The latest one—Sun Pharmaceutical Industries Ltd’s $11.75 billion acquisition of US-based specialty drugmaker Organon & Co, second only to the Tata Steel's $12-billion purchase of Corus Group nearly two decades ago, caps a year of such bold bets.Whether it is Coforge Ltd’s $2.39 billion buyout of California-based Encora, Tata Motors Ltd’s $4.5 billion bet on Italy’s Iveco, or Bajaj Auto Ltd’s $906 million acquisition of its long-time Austrian partner KTM, Indian companies are spending top dollar on acquiring companies overseas, which give them access to technology and newer markets.Coforge is an IT services provider that caters to legacy companies.
27.04 / 10:49
markets President Justice Department Investigations Stay or Go: Fed Chair Jerome Powell Confronts His Final Big Decision
Subscribe to enjoy similar stories.The Federal Reserve succession drama now comes down to a decision only Jerome Powell can make.The Justice Department said on Friday it would halt its criminal investigation of the Fed chair. Initial ambiguity about whether the probe was truly over kept the path uncertain through the weekend.
27.04 / 10:49
markets UPS Digital Platform TikTok social Videos Big Brands Boost Creator Spending, but Smaller Firms Dominate the Deals
Subscribe to enjoy similar stories.The creator economy is earning a rising share of consumers’ attention, but its growth is making the terrain more complicated both for brands and for creators seeking sponsors.While some major marketers say they’re moving spending from television and digital advertising to social-media creators, the money is lagging behind both consumer trends and the population boom among creators themselves. That’s spreading budgets thin, discouraging potentially more effective long-term partnerships and leaving many out in the cold, creators say.“Every creator wants to work with the brands,” said Sam Beres, who goes by Sambucha to his millions of followers on YouTube and TikTok.
27.04 / 10:33
COST Pool Sustainability Healthcare Bill cover hospital The health insurance trilemma: who pays, who earns, who saves
Subscribe to enjoy similar stories.The impossible trinity, or trilemma, holds that a country cannot simultaneously maintain a fixed exchange rate, free capital movement, and an independent monetary policy; policymakers must prioritise two at the expense of the third.A strikingly similar trilemma sits at the heart of health insurance: the insurer’s duty to settle claims sustainably, the hospital’s duty to deliver effective, patient-centred care while earning a fair return, and the customer’s demand for affordability. Like the economic trilemma, this cannot be resolved by decree.
27.04 / 10:33
markets COST Provident Universities performer Updates How many AI models does a user need? The answer is beginning to emerge
Subscribe to enjoy similar stories.In the past few years, the question most people asked about artificial intelligence (AI) has seemed deceptively simple: which model is best. By 2026, it had dissolved into something more nuanced. The operative question now is combinatorial: which mix is right for you.
27.04 / 10:33
markets Waves Strategy Food social reports Beyond the brew: Third Wave, Barista, Starbucks bet on desserts, diners new experiences to lift margins
Subscribe to enjoy similar stories.BENGALURU: India’s café chains are moving beyond traditional coffee-led formats and experimenting with dessert-focused concepts, hybrid cafés and experience-led stores to drive higher engagement and spending.Last week, Westbridge Capital-backed Third Wave Coffee launched “Third Rush” at four of its outlets in Bengaluru, branding and positioning desserts as a standalone experience aimed at enhancing late-evening socializing.“We see desserts evolving into a strategic lever that supports higher engagement and ticket size,” Rajat Luthra, chief executive officer (CEO) of Third Wave Coffee, told Mint.Barista Coffee recently started diner-style outlets that offer a more expansive set of meal items like burgers and pastas and hybrid cafés that serve coffee and food items, while Tata Starbucks already has desserts as part of its food menu and is expanding a mix of neighbourhood stores and more immersive Reserve formats.These formats are becoming more specialized. Dessert-led menus and artisanal bakery tie-ups are helping chains move beyond beverages into full-stack consumption.
27.04 / 09:53
markets COST UPS Enterprise SpaceX Updates Load up on coding: Why Elon Musk's $60 billion pre-IPO deal for SpaceX shows foresight
Subscribe to enjoy similar stories.To understand why, look at OpenAI. Its success in domination of the consumer market for chatbots has become a poisoned chalice, because powering frontier models for roughly a billion active users requires enormous and expensive computing power.
27.04 / 08:51
UPS Digital Citizens Action Racing economy country India’s pivot to the global race for AI diffusion could grant the country leadership of an important effort
Subscribe to enjoy similar stories.For years, the global AI race focused on frontier models, faster chips and massive capital. The US still leads this phase, with its hyperscalers ready to roll out massive expansions of data centre capacity as soon as labour, chip and power availability catch up. China, however, is shifting its strategy.
27.04 / 08:03
markets SUN security trends Updates Pharmaceuticals Sun Pharma acquires Organon: growth engine or debt trap?
Subscribe to enjoy similar stories.With its $11.75 billion acquisition of Organon, a Merck spinoff, Sun Pharmaceutical has officially embarked on one of the most ambitious overseas expansions ever by an Indian pharmaceutical company. Markets cheered the announcement on 27 April, sending the stock soaring almost 7%.This reflects optimism around scale expansion and strategic repositioning.
27.04 / 08:03
UPS Provident Align Research Trade reports International India sets norms for offshore wind turbines, blades, towers
Subscribe to enjoy similar stories.The Bureau of Indian Standards (BIS) has notified new design requirements for offshore wind turbines, blades, and tower and foundation structures, in line with International Electrotechnical Commission (IEC) standards, according to two government officials aware of the development.The new standards aim to establish clear benchmarks for the design, testing and installation of key components of wind energy systems, particularly in offshore conditions where operational risks are higher.“These norms would ensure structural safety, improve quality control and enhance the reliability of wind installations,” said one of the two officials.“By aligning with IEC-based standards, the move ensures global compatibility and is expected to facilitate greater participation from international players, while supporting technology transfer and investment in the sector,” the official added.This comes as India pushes to scale up its offshore wind sector, which has an estimated potential of 70 gigawatts (GW), enough to power nearly 70 million households. The country aims to auction about 37GW of offshore capacity by 2029-30.Offshore wind projects cost around ₹15- ₹20 crore per megawatt (MW), significantly higher than ₹7- ₹8 crore per MW for onshore projects, due to the need for seabed infrastructure and transmission systems.
27.04 / 08:03
markets COST UPS wellness trends Trade track Lighter metal, heavier wallets: has the aluminium rally hit its melting point?
Subscribe to enjoy similar stories.Investors who timed the metal rally well seem to have made quick gains, especially in aluminium stocks. Shares of most aluminium producers are now trading just a notch below their lifetime highs, reflecting enthusiasm in the sector.National Aluminium Co is 0.6% shy of its all-time high.
27.04 / 08:03
security DNA Banner President travelers Department rights How to avoid fistfights and DNA leaks at a world leaders summit
Subscribe to enjoy similar stories.Xi Jinping had just finished a lunch of herbed-ricotta ravioli at a secluded estate outside San Francisco in 2023 when his security agents sprang into action.Their mission: ensuring no trace of the Chinese leader’s DNA fell into foreign hands. The agents—measuring about 6-foot-3, dressed in identical dark suits—were observed grabbing Xi’s utensils and plate and spraying them with an unidentified liquid.Welcome to the unseen theater of great-power diplomacy, where a meeting of the two most powerful leaders on earth can hinge on the slightest missed protocol, an unexpected miscue or even a bit of saliva left on a fork.
27.04 / 08:03
markets Target CEO Software track reports Updates The end of coding-first learning? AI forces a rewrite in upskilling
Subscribe to enjoy similar stories.The rise of artificial intelligence-powered self-learning tools is forcing India’s upskilling companies to redesign their programmes to attract a broader, non-technical learner base.Upskilling firms such as Great Learning, Temasek-backed upGrad and Prosus-backed Eruditus, among others, have introduced no-code tracks within existing skilling programmes and launched targeted courses for non-technical learners in areas that previously required coding knowledge, the firms told Mint.This comes amid rapid improvements in generative AI models, which are increasingly capable of performing tasks that once required months of technical training.Learners are now wary of sitting through three to six-month-long courses for something that can be done in minutes using AI, said Arjun Nair, co-founder of Great Learning, which was formerly a Byju’s group company.“The models have become dramatically better. Whether it is Claude, Gemini, or OpenAI models, their capabilities have improved sharply in the last three to six months,” Nair said.
27.04 / 06:37
UPS security President shooting Inside travelers The simple security flaws that exposed Trump to another gunman
Subscribe to enjoy similar stories.At the same hotel where then-President Ronald Reagan was shot 45 years ago, it was remarkably easy for a shooter to charge toward a ballroom where President Trump—along with his cabinet members and the reporters who cover his administration—were dining Saturday night.The sprawling Washington Hilton, located about 1½ miles north of the White House, for decades has been home to the White House Correspondents’ Dinner because of its capacity to host a large crowd and the Secret Service’s familiarity with securing it. More than 2,500 people attended the event, including five of the top six officials in the presidential line of succession.
27.04 / 06:37
markets Entertainment Sustainability Metro Boxing film rights ‘Dhurandhar 2’ breaches the Rs. 1,000 crore box office mark and Bollywood believes there is room for more
Subscribe to enjoy similar stories.With Dhurandhar: The Revenge crossing the ₹1,000 crore mark at the domestic box office—becoming the first Hindi film to do so—industry watchers believe India’s theatrical potential could stretch to ₹1,200–1,500 crore for the right film.But unlocking that ceiling is far from easy.Films remain constrained by limited and uneven screen penetration across smaller towns, high ticket pricing that curbs footfalls, and intense competition that shortens exclusive theatrical runs. Add to that the shortage of consistently mass-appealing commercial entertainers, and record-breaking numbers become rare events rather than the norm.“The success of the Dhurandhar franchise clearly highlights the headroom in India’s theatrical market and demonstrates how scale-driven content can unlock exceptional outcomes,” said said Bhuvanesh Mendiratta, managing director, Miraj Entertainment Ltd.The opportunity is significant, but structural challenges persist.Screen penetration remains the biggest constraint.
27.04 / 06:37
markets UPS FIVE Healthcare social Schools International China’s consumption revival may start with social safety net. These 3 sectors could benefit.
Subscribe to enjoy similar stories.Wu Jingliang, a human resources manager in Beijing, got a raise at the beginning of the year, and the first financial move her family made was to increase their monthly savings rate.“I don’t dare spend, because I have a child. The child will need schooling later, and then there’s marriage or buying a home—we definitely need to save up a sum of money for him,” she told Barron’s in a phone interview.Conversations with other Chinese consumers revealed similar caution, all relating to feelings of financial insecurity.Beijing keeps rolling out consumption stimulus, and Chinese consumers keep responding with less enthusiasm than policymakers hoped.
27.04 / 06:37
markets UPS IPO security Strategy cover reports Acko lines up ICICI Sec, Kotak, Morgan Stanley for $2 billion IPO
Subscribe to enjoy similar stories.Acko General Insurance Ltd has appointed investment banks for an initial public offering in India that could value the startup at up to $2 billion, according to three people familiar with the matter.The Bengaluru-based company has selected ICICI Securities Ltd, Kotak Mahindra Capital Co, and the India unit of Morgan Stanley to manage the share sale, one of the persons said, asking not to be identified because the information is not yet public.Mint had reported on 14 December 2025 that the General Atlantic- and Multiples-backed insurtech firm was preparing for an offer that could raise $300–400 million.The offering is expected to include a mix of a fresh issue of shares and an offer for sale by existing investors, the second person confirmed.Mint has reached out to Acko, ICICI Securities, Kotak Mahindra Capital Co, and Morgan Stanley India for comment.Acko intends to file its draft prospectus through the confidential pre-filing route before the end of this calendar year, the third person said.Under regulations introduced by the Securities and Exchange Board of India, the confidential filing mechanism allows companies to undergo regulatory review without immediately disclosing detailed financials and business strategies. It also gives issuers the flexibility to withdraw the offering without public disclosure if market conditions deteriorate.The IPO push comes as Acko reports improving financial metrics.For the fiscal year ended March 2025, the company posted revenue of ₹2,837 crore, up 35% year-on-year.
27.04 / 06:37
markets COST UPS Mobile Trade President Pharmaceuticals Ficci president: The India–New Zealand FTA is about a lot more than expanding bilateral trade
Subscribe to enjoy similar stories.Geography may place India and New Zealand at distant points on the world map, but that distance has never defined their relationship. They have common democratic values, strong people-to-people ties and a deep cultural affinity, which includes their shared love for cricket. Much like their encounters on the pitch, India-New Zealand trade has traditionally resembled a Test match: steady and patient but often lacking in tempo, and has only picked up pace in recent years.
27.04 / 06:01
COST Tether security Analysis Fallout War Updates Mapping the fallout: Which Indian sectors face risks from the West Asia war?
Subscribe to enjoy similar stories.Two months into the West Asia war, a conflict that triggered the world's greatest energy crisis, second- and third-order effects are surfacing everywhere, from falling fertilizer output and shortage of Coke cans to rising condom prices. This is a grim reminder of how deeply economic activity is tethered to crude oil and its derivatives.Beyond its role as a fuel source, crude oil serves as a vital feedstock for manufacturing over 6,000 products.

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