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25.04 / 05:37
Provident Fighting Election President War country Ukraine is Europe’s war now
Subscribe to enjoy similar stories.The fight against Russia in Ukraine is now firmly Europe’s war.The European Union this week signed off on the equivalent of $105 billion in loans to keep Kyiv afloat through the end of next year—but officials warned that it may not be enough.With Russia determined to continue its four-year invasion until it dominates its neighbor, and President Trump pulling back from Europe and focused on the Middle East, Ukraine finds itself reliant on the traditionally gun-shy EU in its war for survival.The confirmation of the loan ahead of a summit in Cyprus on Thursday, long blocked by recently ousted Hungarian Prime Minister Viktor Orbán, marked a fresh sign of resolve and unity in the bloc.“For the first time in years there are no Russians in the room,” Polish Prime Minister Donald Tusk wrote on social media, an apparent reference to Orbán, who had warm ties with Moscow but stayed away from the EU summit after recently losing an election. “Huge relief,” Tusk added.The funding decision, which Orban cleared this week following his election defeat, comes at a critical moment for Ukraine, which needs the cash to sustain its economy and its military amid relentless Russian assaults as Moscow seeks to grab more land in its neighbor’s east.
25.04 / 03:07
markets UPS Provident Target Research Cycling country Are power stocks entering a new cycle? 3 stocks to watch
Subscribe to enjoy similar stories.India’s power sector is entering a high-growth phase, driven by rising electricity demand and an accelerating shift toward renewable energy.Air-conditioning adoption, electric mobility, data centres, infrastructure build-out, and urbanization are all pushing consumption higher. As the country balances energy security with sustainability, power companies are evolving their business models to keep pace.In this article, we examine why the sector could be turning attractive for investors.India’s peak power demand has been hitting fresh highs each year and, by government projections, is set to climb steadily over the next decade.The International Energy Agency (IEA) expects India to lead global energy demand growth through 2035.
25.04 / 01:49
COST FIVE War performer hospital reports The week in charts: Fertilizer output, IT earnings, health spending survey
Subscribe to enjoy similar stories.From fertilizer production falling to near five-year low in March, to foodgrain stocks surging to nearly three times the mandated buffer, to rural patients spending more than urban counterparts at government hospitals, to major IT firms declaring their FY26 earnings — here is a compilation of this week's news in numbers.India's fertilizer production fell to a near five-year low in March. Shortages of inputs, such as liquefied natural gas and sulphur, caused by the war in West Asia, dragged output down by 24.6% year-on-year.
25.04 / 01:49
markets COST FIVE Assurant Deloitte Bill cover Ficci flags audit rule change proposal in Companies Act, warns of higher costs, reduced expertise
Subscribe to enjoy similar stories.An industry body has asked the government to scrap a proposal to ban audit firms from offering non-audit services to clients for three years after their term ends.It said the move will lead to operational inefficiencies, increased costs and hurdles for large corporate groups, and force companies to depend on smaller auditors, which could compromise service quality in complex areas.Companies including EY, PwC, KPMG, Deloitte, BDO and Grant Thornton Bharat, among other audit firms, will be severely impacted if amendments proposed to the Companies Act of 2013 are implemented. These companies offer other advisory services besides audits for clients.The Federation of Indian Chambers of Commerce and Industry (Ficci), a body representing companies across sectors, submitted its comments and suggestions on the Corporate Laws (Amendment) Bill, 2026, last week, Mint has learnt.According to the proposed clause in the bill, an auditor or audit firm shall not provide, directly or indirectly, any non-audit services to a company or its holding company or subsidiary.
25.04 / 01:49
markets UPS Man Courts Updates Kapal Mehra: the man who aimed to be India’s polyester king but ended up with nothing
Subscribe to enjoy similar stories.Kapal Mehra once went head-to-head with Dhirubhai Ambani in the ruthless synthetic textile wars of the 1980s. In a battle fought over polyester yarn and government licences, Mehra would ultimately lose everything.As a serious contender, he should have secured a place in corporate folklore. Instead, remarkably little is known about him today.
25.04 / 01:49
markets FIVE Analysis Research information Features Updates AI Tool of the Week: This Chrome AI hack saves your best prompts forever
Subscribe to enjoy similar stories.The AI hack we unlocked today is based on: Skills in Chrome.Here’s a situation most of us don’t notice because we’ve accepted it as normal: you craft a great AI prompt that works perfectly—say, one that extracts key information from any product page. It works.
25.04 / 01:49
markets UPS Digital CEO Software students Updates Sorry AI, you’re just not human enough
Subscribe to enjoy similar stories.One day in March 2026, a senior software developer, Kovanikov, found himself thoroughly offended. He had just received a cold outreach email from the CEO of AI startup, Composio, inviting him to call in. The email was obviously written by an AI assistant, Jarvis.
25.04 / 01:13
UPS Extreme Food Healthcare cover information reports Early heatwave prompts Centre to ramp up preparedness
Subscribe to enjoy similar stories.NEW DELHI: An early and harsher-than-usual start to summer has prompted the Centre to ask states to step up heatwave preparedness, with temperatures already running 4-8 degrees Celsius above seasonal averages in several regions, according to two government officials and documents reviewed by Mint.The directive comes as parts of northwestern, central and eastern India report daytime highs crossing 44°C, raising the risk of heat-related illnesses and potential disruption to economic activity if extreme conditions persist.The India Meteorological Department (IMD) has warned that heatwave conditions are very likely in the next 24 hours in states including Bihar, Jharkhand, Uttar Pradesh, Rajasthan, Madhya Pradesh, Punjab and Haryana, as well as parts of central and peninsular India.India's official weather forecaster defines a heatwave as temperatures at least 4.5°C above normal, with higher departures classified as severe.Union health secretary Punya Salila Srivastava has asked states to stock essential supplies such as oral rehydration salts (ORS), intravenous fluids, ice packs and cooling equipment, and to operationalize dedicated Heat Stroke Management Units at health facilities. Ambulance services have also been asked to be equipped to handle heat-related emergencies, according to the communication sent to states.States have been directed to mandatorily report daily heatstroke cases and deaths through the Integrated Health Information Platform (IHIP) to enable real-time monitoring.
25.04 / 00:09
markets Provident awards Highways reports Traffic APCO in talks to sell Z-Morh tunnel in J&K to Alpha Alternatives for $267 mn
Subscribe to enjoy similar stories.Lucknow-headquartered APCO Infratech is in talks with Alpha Alternatives to sell the strategic Z-Morh tunnel that provides all-weather connectivity between Gagangir and Sonamarg in Jammu and Kashmir (J&K) for $267 million, according to two people aware of the development.The 6.5-km- tunnel, which ensures uninterrupted military logistics and year-round civilian access to Ladakh by bypassing an avalanche-prone stretch, was built at ₹2,400 crore and inaugurated in 2025. Awarded by the National Highways & Infrastructure Development Corp Ltd (NHIDCL), the project has a 15-year concession, with investments to be recovered through biannual annuity payments of ₹295 crore.The deal will see Alpha Alternatives acquire APCO Amarnathji Tunnelway Pvt Ltd, the special purpose vehicle (SPV) set up by APCO Infratech to execute the Z-Morh tunnel project in Jammu and Kashmir.“APCO is in talks with Alpha Alternatives for the sale of Z-Morh tunnel for an enterprise value of $267 million,” said the first of the two persons cited earlier, both of whom spoke on the condition of anonymity.Queries emailed to APCO Infratech, Alpha Alternatives and NHIDCL remained unanswered till press time.Alpha Alternatives, founded by Naresh Kothari, is a Mumbai-based alternative asset management firm that invests across non-traditional assets beyond plain equities and bonds.The state-run NHIDCL awarded the project to the SPV in 2020 under the design-build-finance-operate-transfer (DBFOT) model, where a private entity handles the entire project lifecycle before transferring it back to the government.
24.04 / 17:55
markets COST Booking trends stage reports Updates Shriram Finance expects cost of funds to fall 1% following capital infusion from MUFG
Subscribe to enjoy similar stories.Shriram Finance Ltd expects its cost of funds to decline by around 1% over the next 18 months as the non-banking financial company (NBFC) looks to restructure its debt following a capital infusion from Japan’s Mitsubishi UFJ Financial Group (MUFG).First announced in December 2025, MUFG completed the acquisition of 20% stake in the NBFC for ₹39,618 crore in April 2026. The non-bank plans to use about 50% of the proceeds to restructure its liabilities and the remaining to push lending in existing segments.The capital infusion also led rating agencies to upgrade the company’s debt rating to ‘AAA’ from ‘AA+’, which is also expected to help reduce funding costs.
24.04 / 14:45
markets UPS Provident Healthcare electronic hospital IKS Health eyes US rural healthcare leadership with TruBridge acquisition
Subscribe to enjoy similar stories.MUMBAI: Inventurus Knowledge Solutions (IKS Health) aims to be the leader in the US rural healthcare outsourcing market after its acquisition of TruBridge on Thursday, its top executive said.“IKS is in the business of taking away or outsourcing chore tasks from healthcare providers in the US, so that they could focus on their core of taking care of patients…when you look at rural healthcare and RCM (revenue cycle management) within rural healthcare, TrueBridge is the largest player by far,” IKS Health founder and global chief executive officer (CEO) Sachin Gupta told Mint in an interview. “In the rural healthcare market segment, once we combine effectively with TrueBridge, we will be the undisputed leader,” he added.A healthcare outsourcer, like IKS, handles the administrative, clinical and operational tasks, including billing, clinical documentation, and insurance claims processing.On Thursday, IKS Health announced the acquisition of US-based TruBridge Inc, a Nasdaq-listed provider of healthcare technology solutions for rural and community hospitals, for up to $565 million.
24.04 / 13:55
markets COST UPS Fallout Research Updates JLR's biggest US recall raises cost, reputational risks
Subscribe to enjoy similar stories.NEW DELHI: Jaguar Land Rover (JLR) is facing its largest-ever US recall, with more than 170,000 vehicles pulled back over a critical drive power defect, an issue that, by one estimate, could cost the British luxury carmaker upwards of $130 million and dent customer confidence in a key market.The recall, triggered by a hardware fault that can lead to a complete loss of drive power, comes as the Tata Motors-owned unit grapples with the fallout of a cyberattack and higher tariffs in North America. While the financial hit is seen as manageable, analysts warn the cumulative impact of repeated disruptions and safety concerns could weigh on demand and brand perception.According to at least two independent experts, the recall could lead to multi-million dollar expenses, with one estimate pegging the impact at more than $130 million.
24.04 / 13:17
COST Citi Target wellness love reports Updates Volatile gold slows Bluestone’s FY27 store expansion pace
Subscribe to enjoy similar stories.Bluestone Jewellery and Lifestyle Ltd is falling behind its ambitious target of reaching 500 stores by 2026-27, as volatile gold prices weigh on its expansion plans.The Bengaluru-based jeweller had outlined in its draft red herring prospectus (DRHP) plans to add over 290 new stores between 2024-25 and 2026-27, but managed to add only 65 stores in 2025-26, taking its total to 340 outlets.It now expects a more measured pace of expansion of about 20% annually, well short of its original target.“We should look at how the external operating environment has been, specifically from a gold price perspective,” said Gaurav Singh Kushwaha, founder and chief executive of Bluestone, during the company’s March-quarter earnings call on Friday.“Gold prices have seen a significant increase, and we need to ensure enough conviction from a demand behaviour perspective before accelerating store additions,” he added.The company also indicated a gradual shift away from franchise-led expansion. Of the 340 stores, around 67 are franchise-owned.
24.04 / 11:31
markets Target Myanmar Justice Department Updates U.S. Steps Up Crackdown on Online Scams Directed From Southeast Asia
Subscribe to enjoy similar stories.The Trump administration announced criminal charges, sanctions and multimillion-dollar rewards aimed at combating online scams coming out of Southeast Asia and targeting Americans.The measures—some of which were directed at a Cambodian senator featured in a recent Wall Street Journal investigation into cyber-scam operations in the country—are the latest attempt by the U.S. to stem the fast-growing illicit industry.Americans alone lost $10 billion to online fraud originating from Southeast Asian nations in 2024, according to U.S.
24.04 / 11:31
markets President Universities reports Department Schools Updates Trump Names His Next Chief Economist. Who Is Christopher Phelan?
Subscribe to enjoy similar stories.President Donald Trump has named Christopher Phelan as his next chief economist, an increasingly important role as the White House focuses on affordability and employment ahead of the midterm elections.Assuming he is confirmed, Phelan will become chairman of the White House Council of Economic Advisers, counseling the president on economic matters. He will replace acting CEA Chief Pierre Yared.Yared is standing in for Stephen Miran, who left the CEA in September when Trump appointed him to fill a vacancy on the Federal Reserve Board.“Miran was an ideological ally,” says Jacob Bastian, a senior economist at CEA during the Biden administration and an assistant professor of economics at Rutgers University.
24.04 / 10:53
markets Progressive Trade Actor show country Iran’s insistence on controlling Hormuz is penny smart, dollar foolish
Subscribe to enjoy similar stories.THE US-IRAN conflict has revealed something that many outside observers—and perhaps even some within—had underestimated: Iran’s strategic doctrine of resilience is not just rhetorical. For years, terms such as the “resistance economy”, “distributed deterrence” and “self-reliance under pressure” were often dismissed, both abroad and domestically, as political language rather than strategic reality. Yet in the face of sustained confrontation with a vastly superior military and economic power, these ideas have proved coherent in practice.
24.04 / 10:53
markets UPS Fighting musician Schools Updates The Financial Lessons Kids Learn From Watching Their Parents Get Divorced
Subscribe to enjoy similar stories.This week, we’re bringing you stories about the financial impact of divorce.Olivia Kelly grew up watching her mother make her pizza and chicken enchiladas. Then, in middle school, her parents got divorced, and the kitchen transformed into a small business.Her mother went from stay-at-home mom to working parent with a handful of side hustles. The home-cooked dinners became workweek to-go meals that friends and their nannies would buy for around $35 apiece.As Kelly’s mother changed, so did she.
24.04 / 10:53
COST UPS Digital Software War reports rights Indian telcos assess risks posed by Claude Mythos
Subscribe to enjoy similar stories.Telecom operators Bharti Airtel Ltd and Vodafone Idea Ltd are evaluating the risks posed by Anthropic’s Claude Mythos, an AI model that identifies cybersecurity vulnerabilities in operating systems.“We are talking to suppliers (to understand the vulnerabilities) because we don't do this, the software is owned by them,” Randeep Sekhon, chief technology officer (CTO) at Bharti Airtel, told reporters on the sidelines of an industry event by the Cellular Operators Association of India (COAI) on Friday.Sekhon’s comments assume significance as Anthropic has said its latest model, Claude Mythos—currently available to a limited set of companies—can identify cybersecurity vulnerabilities in their digital infrastructure.This has raised concerns that, if accessed or misused by malicious actors, it could increase the risk of cyberattacks across critical infrastructure sectors such as telecom and banking.Sekhon, however, emphasized that it was too early to comment on the actual impact on telecom operators.“These are not systemic risks putting networks in danger. They are typically smaller software bugs that earlier may not have been discovered through routine checks,” Sekhon said, adding that telcos are users of technology and not builders of technology.On Thursday, Union finance minister Nirmala Sitharaman chaired a high-level meeting with banks and key stakeholders to assess risks from emerging threats linked to the AI model.
24.04 / 09:59
COST UPS CEO Software performer track International Behind Meta’s huge layoffs is a relentless shift toward AI
Subscribe to enjoy similar stories.Meta Platforms just offered a glimpse at what it thinks the future of work looks like: training and supervising artificial-intelligence systems to do what used to be your job. And that’s if you still have a job at all.The social-media company has been unusually aggressive, even by the standards of Silicon Valley, at pushing to incorporate AI into its employees’ workflows and using it to streamline and accelerate its operations.Already this year, it has started grading employees in performance reviews on their AI use; created ultraflat teams with almost no managers; and begun to develop a so-called CEO agent to assist Chief Executive Officer Mark Zuckerberg in performing his job.
24.04 / 09:59
markets Provident Citizens Interface Experts pop Updates Pension fund regulator's fee tweak may not be enough to attract NPS distributors
Subscribe to enjoy similar stories.A change in the way commissions are structured for onboarding clients to the National Pension System (NPS) may still fail to draw significant interest from distributors, experts said.Points of Presence (PoPs), the intermediaries that act as the primary customer interface for the NPS, can now earn 0.20% of the assets under management per annum as a trail commission in addition to a one-time onboarding fee of ₹200 when a new client is registered, the Pension Fund Regulatory Authority of India (PFRDA) said in a circular on 10 March.Before this, trail commissions—a recurring fee paid to distributors as long as a client remains invested—were not allowed. Distributors could only charge a direct fee of ₹200-300 per customer.PoPs are regulated institutions appointed by the PFRDA to provide services to all citizens seeking to open and operate their NPS accounts.
24.04 / 09:25
markets UPS Reuters Research show Courts Updates Legal AI tools used by law firms have a propensity to hallucinate—can anything be done?
Subscribe to enjoy similar stories.A few days ago, the law firm Sullivan & Cromwell apologized to the chief judge of Manhattan’s US Bankruptcy Court for a court filing with AI-hallucinated citations. Andrew Dietderich, co-head of the firm’s global restructuring group, wrote the judge that the firm’s “comprehensive policies and training requirements governing the use of AI tools” had not been followed. A secondary review process also failed.

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