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20.04 / 01:39
UPS BLOCK Chevron Research War Big oil plows billions into far-flung drilling sites to escape Iran turmoil
Subscribe to enjoy similar stories.Exxon Mobil, Chevron and other energy companies are speeding up their searches for new oil-and-gas prospects—far away from the perils of the war in the Middle East.Exxon recently outlined a potential plan to pump up to $24 billion into Nigeria’s deep-water oil fields, while Chevron expanded its footprint in Venezuela. BP bought stakes in oil blocks off the coast of Namibia, and TotalEnergies signed an exploration deal with Turkey.
20.04 / 01:39
markets UPS Provident Harley-Davidson wellness students blues Private credit is on the hunt for credit-card debt
Subscribe to enjoy similar stories.When Wells Fargo told the fintech Bilt that it would no longer be the lender for its rent-rewards credit card, Bilt scrambled to find another large bank partner. When that failed, Bilt wound up with private-credit funding.In February, Bilt struck a deal to move roughly $1.2 billion of credit-card balances with funding arranged by a group including Blue Owl Capital and Stone Point Capital as well as Goldman Sachs and TD, according to people familiar with the deal.The companies also agreed to fund hundreds of millions of dollars of credit-card balances that Bilt cardholders will incur in the future, the people said.Consumer debt has become one of the hottest categories in private credit, increasingly sought after by funds and investment arms of insurance companies on the hunt for high-yielding investments.Private credit is in focus on Wall Street right now because of the loans that fund managers have made to software and other companies, often as part of private-equity buyouts, that are now running into trouble.
20.04 / 01:39
markets economy President shock Traffic Updates Mint Quick Edit | A US reprieve for buyers of Russian oil offers momentary relief at best
Subscribe to enjoy similar stories.The US has extended by 30 days its waiver from sanctions for Russian oil purchases. Just days ago, US Treasury secretary Scott Bessent had ruled that out. This flip-flop is a relief.
20.04 / 00:55
markets UPS Aware Manufacturing wellness Experts reports India plans E85 flex-fuel vehicle policy push amid West Asia oil risks
Subscribe to enjoy similar stories.The Centre is planning a nationwide policy push to enable the adoption of flex-fuel vehicles (FFVs) that can run on ethanol blends of up to E85 (85% ethanol and 15% petrol), as the West Asia conflict prompts India to explore ways to cut oil import dependence, according to two people aware of the development and a correspondence reviewed by Mint.India’s current 20% ethanol blending mandate, introduced in 2025, had triggered public complaints over reduced mileage and concerns around engine performance.The Union petroleum and natural gas ministry has called a meeting on Monday to deliberate on the issue. “During the meeting, a presentation will be made by the working group constituted for preparing the plan for the rollout of FFVs,” one of the people cited above said, requesting anonymity.The working group, comprising experts from oil marketing companies, automobile makers and the government, will present its plan to top executives of state-run oil firms and representatives of the automobile industry lobby group Society of Indian Automobile Manufacturers (Siam), and officials from relevant ministries.Global crude prices have remained volatile amid the conflict, briefly crossing $100 per barrel before easing following a ceasefire, with risks of another spike persisting.Such a scenario poses a significant fiscal risk to India, considering it imports 90% of its oil requirements.
20.04 / 00:55
UPS wellness trends show cover reports travelers India’s affluent consumers spend more, but retail’s share is shrinking
Subscribe to enjoy similar stories.BENGALURU: Wealthy Indians are spending more overall, but a smaller share of that spending is going to retail stores selling goods like clothing and gadgets.As incomes rise for affluent households, they are increasingly spending on travel, fine dining and curated experiences such as concerts and wellness retreats, even as they continue to purchase high-value premium goods.In response, retailers are accelerating efforts to add experiential formats, from curated in-store services to immersive store environments, as they strive to stay relevant in a consumption landscape increasingly driven by engagement rather than transactions.New data from Visa Consulting & Analytics (VCA), shared with Mint, shows retail’s share of wallet drops from nearly 50% among emerging affluent consumers to about 28% for the ultra-wealthy, as spending on travel and experiences rises sharply.“Affluence is not an absolute state defined by income. It’s defined by how and where people spend.
20.04 / 00:55
markets COST UPS Target Updates HDFC Bank moves past loan-to-deposit target, pivots to growth—but past glory remains distant
Subscribe to enjoy similar stories.HDFC Bank management’s focus has shifted from bringing down the loan-to-deposit ratio (LDR) to pursuing credit growth opportunities. In its March quarter (Q4FY26) earnings call, the management stated that LDR is not a constraint, citing similar comments from the Reserve Bank of India (RBI).
20.04 / 00:55
Aviat CEO Charity Opinion reports Courts Interviews Tata Trusts affirms its faith in the CEO; it will review restrictive clauses that limit eligibility in the smaller trust
Subscribe to enjoy similar stories.Tata Trusts on Sunday said it plans to amend restrictive clauses that currently limit eligibility for trustee positions at an affiliate trust to Zoroastrians, even as it affirmed confidence in chief executive officer (CEO) Siddharth Sharma. This follows public questions raised by vice chairmen Venu Srinivasan and Vijay Singh, after Sharma asked them if they would consider stepping down as trustees at the affiliate trust.“In order to correct anomalies in the trust deed and to align it with the values that the Tata Trusts have always epitomised, the trustees have decided to adopt proceedings before the appropriate authority for alteration of restrictive clauses in respect of eligibility of trustees.
20.04 / 00:55
markets Research trends War cover reports Strong Q4 behind, India's top private banks flag caution ahead in FY27 as Iran war roils SME, export sectors
Subscribe to enjoy similar stories.India's top private lenders, led by HDFC Bank and ICICI Bank, reported strong growth numbers in the quarter just gone by but have turned cautious on business prospects in fiscal 2027 as the West Asia war and consequent economic disruptions stoke uncertainty.While domestic demand trends have been robust so far, war-related tensions cloud visibility on future growth and lending, especially to small and medium enterprises and export-oriented companies.HDFC Bank’s loans grew 12% on year to ₹29.6 trillion as at the end of March 2026, whereas deposits were 14% higher at ₹31 trillion. On its post-earnings media call Saturday, managing director and CEO Sashidhar Jagdishan stated that it would be difficult to predict the future pace of growth given the war even though expansion is expected to continue.“The trajectory is the right path in terms of positive momentum and we shall calibrate that as we get more clarity from the macro indicators over a period of time,” Jagdishan said, adding that so far the impact from the geo-political situation has been minimal.Jagdishan said bank clients have seen a certain level of disruption but what is really encouraging is their resilience.
20.04 / 00:55
markets IPO Provident Platform MakeMyTrip country reports MakeMyTrip weighs India listing via depository receipts
Subscribe to enjoy similar stories.Nasdaq-listed travel company MakeMyTrip is weighing the benefits of listing its Indian arm via Indian Depository Receipts (IDRs) rather than a traditional initial public offering (IPO), according to two people familiar with the matter.“An IDR structure is on the table, being viewed as a method to manage tax obligations that would be triggered by the Mauritius-based parent entity—MakeMyTrip Ltd—during a secondary sale of shares in a domestic IPO,” said one of the two persons on the condition of anonymity.The development follows the company's reaffirmation of its strategic priorities on 16 March, including plans for a potential listing of its India business after the consolidation of its brands, such as RedBus India, under MakeMyTrip (India) Pvt. Ltd.The company provides flight, hotel, and bus bookings through its platforms, including Goibibo and RedBus.Experts say the move may have been driven by the 15 January Supreme Court of India ruling in the Tiger Global-Flipkart tax case, which held that a Mauritius-based holding company participating in an offer for sale (OFS) in an Indian IPO would be liable to pay capital gains tax in the country on such transactions."In practical terms, this means that reliance on Mauritius purely as a tax-efficient holding jurisdiction is significantly weakened in the context of IPO exits," said Sonam Chandwani, managing partner, Mumbai-based law firm KS Legal & Associates.The IDR route allows a foreign-listed company to remain domiciled abroad while accessing local liquidity by issuing receipts to Indian investors that are backed by shares held by a custodian, avoiding tax liabilities.“There is renewed interest in the IDR route.
20.04 / 00:55
markets COST UPS Target cover reports Updates Govt may mandate 30% domestic coking coal blending for new steel capacity to make the sector Atmanirbhar
Subscribe to enjoy similar stories.All new steel plants opening till the year 2030 may have to mandatorily use 30% domestic coking coal, under a plan to reduce import dependence and boost local coal use. Currently, steel plants use a maximum of 20% domestic coal in their operations.The blending mandate is expected to reduce the cost of importing coking coal by almost 25%, two people aware of the plan said.
20.04 / 00:55
Provident Align innovations information reports Updates International Cognizant's board will oversee its AI usage
Subscribe to enjoy similar stories.Cognizant Technology Solutions Corp. has become the first homegrown information technology (IT) services company to grant its board complete oversight of artificial intelligence, underlining the technology's importance amid an uncertain demand environment.As part of its AI guidelines, the company's board of directors will monitor the use of AI tools and their financial impact on the company.
20.04 / 00:55
markets COST UPS War reports strain West Asia conflict strains India’s auto supply chain and exports as costs rise
Subscribe to enjoy similar stories.Indian automakers are beginning to feel the operational strain of the West Asia conflict, with companies flagging supply bottlenecks, longer shipping times and rising costs, even as domestic demand remains resilient.Early signals from industry executives suggest the impact is weighing far more on supply chains than on demand, which has so far held up. The spillover is beginning to feed into production and exports, pushing up costs that companies are gradually passing on to consumers.At the centre of the strain is the Strait of Hormuz, a key maritime chokepoint that has seen vessel movement fall sharply amid repeated disruptions.
20.04 / 00:55
markets UPS Research film Trade cover Updates Why a large number of retail investors traded only on a single day last year
Subscribe to enjoy similar stories.Opportunistic investors who traded for only a single day constituted almost a whopping one-fourth of the 35.8 million active retail investors on the National Stock Exchange (NSE) last fiscal year, data in the bourse's monthly Market Pulse issue showed.Even when aggregated, investors trading up to 10 days constituted 69% of the total active retail base. This reveals a "highly skewed, long-tailed pattern, where bulk of investors trade only a handful of days in a year, while a very small proportion participates regularly," according to NSE's Economic Policy & Research Department (NSE EPR), which prepared the data.In absolute terms, those trading for just one day stood at 8.43 million investors, comprising 24% of the total individual investor base of 35.84 million.
20.04 / 00:55
markets Provident Healthcare country patient medicines Pharmaceuticals Apex drugs regulator urges states to enforce uniform medicine standards
Subscribe to enjoy similar stories.India's apex drugs regulator has directed state governments to enforce uniform medicine standards to eliminate regional variability in regulatory compliance.In its February directive, reviewed by Mint, the Central Drugs Standard Control Organization (CDSCO), chaired by the Drugs Controller General of India, Rajeev Singh Raghuvanshi, wrote that concerns have been raised regarding inconsistencies in the enforcement of drug standards across the country, low conviction rates in cases of drug adulteration, and the need for stringent scrutiny of adulteration in imported pharmaceutical products."All states are advised to take proactive measures to effectively address the issues. You are also requested to strengthen the necessary infrastructure, including the provision of adequate manpower under the State Health Regulatory Excellence Index (SHRESTH),” the letter said.The development assumes significance for India’s $50 billion pharmaceutical market, which is facing a quality crisis after Indian-manufactured cough syrups were linked to over 140 deaths globally, including in Gambia, Uzbekistan, and Cameroon, due to ethylene glycol poisoning.Mint's emailed queries to the health ministry spokesperson and the DCGI office on 15 April remained unanswered.
20.04 / 00:55
markets Waters Google wellness Features Videos Updates Ads on tap: Why Jaquar still values old-school marketing in the age of AI
Subscribe to enjoy similar stories.Nearly four years ago, Jaquar Group launched a series of ads about an entirely new business it had entered: lights. For a company synonymous with bathroom fittings, it was a difficult campaign to pull off.
20.04 / 00:55
markets COST economy wellness Trade War cover Better pricing, inventory gains may see Q4 earnings better than expected: Satish Ramanathan, JM Financial
Subscribe to enjoy similar stories.Consensus earnings estimates for the fourth quarter of FY26 point to double digit growth, albeit at a lower level than the previous quarter due to the impact of the West Asia war and a high base effect, says Satish Ramanathan, chief investment officer-equity at JM Financial Asset Management Company in an interview. Leading companies may emerge better given superior pricing power.Asked whether it is time for foreign portfolio investors to return to Indian equity markets, Ramanathan reply was: “…we believe Indian equity markets are now reasonable as regards valuations and are poised to benefit from a diversified economy and domestic market.
20.04 / 00:55
markets Williams trends show track recommendations Updates Stock recommendations for 20 April from MarketSmith India
Subscribe to enjoy similar stories.Stock market recap: Indian equity markets ended the week on a firm note, with the Nifty 50 rising 156.8 points, or 0.65%, to close at 24,353.55. Easing tensions in West Asia and a cooling India VIX, down about 5% to 17.21, lifted sentiment, pushing investors into a risk-on mode.Market breadth was strong, with an advance-decline ratio of 2.6:1 as 2,364 stocks rose against 894 declines on the NSE.Among sectors, the Nifty FMCG index led gains, climbing 2.65% on the back of a nearly 5% jump in Hindustan Unilever, driven by upbeat volume growth expectations.
20.04 / 00:55
markets UPS Manufacturing Research Trade recommendations Updates Stocks to trade: Raja Venkatraman recommends three stocks for 20 April
Subscribe to enjoy similar stories.The Nifty 50 and Sensex rose over 1% last week, extending gains a week before—their strongest in over five years—but the pace has now moderated. On Friday, both indices closed about 0.65% higher, with the Nifty at 24,353.55 and the Sensex at 78,493.56. With signs of stability emerging, we should look at stock-specific action.IRCON(Cmp ₹154.69)Why it’s recommended: Triveni Turbine (TRITURBINE) is a leading India-based manufacturer of industrial steam turbines up to 100 MW, specialising in design, manufacture, and custom-engineered back-pressure and condensing steam turbines.
19.04 / 14:11
markets Progressive Manufacturing NVIDIA Trade reports Updates Intel is making progress. But it isn’t out of the woods yet.
Subscribe to enjoy similar stories.Intel still has a long way to go to reclaim its former glory. The problem is that investors are acting like that’s already happened.The storied chip maker’s stock price has soared 88% so far this year, and more than tripled over the last 12 months.
19.04 / 12:59
UPS Airlines Strategy economy Boeing cover International Target 2029: Air India’s fleet upgrade hits two-year delay
Subscribe to enjoy similar stories.Air India has said it will complete the retrofit of its legacy aircraft by 2029, nearly two years later than originally planned, after supply-chain constraints slowed its fleet overhaul plans. The final phase of the programme will cover 19 wide-body jets starting in the second half 2027 and is expected to take up to two years to complete, a senior executive said on Sunday.“There are some 777 Boeing aircraft which will be sent for retrofit in the second half of 2027 and these will be ready in the next 18 to 24 months… so by 2029.
19.04 / 12:03
Manufacturing awards Trade reports Department recommendations International Centre plans phased QCO rollback to ease input supply constraints
Subscribe to enjoy similar stories.The Centre is planning to roll back a significant number of quality control orders (QCOs) imposed on input materials, aiming to ease compliance burdens and support manufacturing amid US-Iran war-led disruptions.The exercise, being led by the consumer affairs department, will be completed in phases, and all line ministries have been asked to identify products that could benefit from the removal of quality controls, said two government officials familiar with the discussions.“The proposed rollback is expected to focus on input materials where domestic capacity remains limited or where mandatory certification has disrupted supply chains,” said the first government official, on the condition of anonymity.The move follows a NITI Aayog committee recommendation to ease QCOs to augment manufacturing and ensure the availability of raw materials at affordable rates.“As recommended by NITI Aayog, we have asked line ministries to identify all such QCOs that can be withdrawn without impacting quality and domestic industry,” said the second official, also on the condition of anonymity.This official, however, maintained that some important QCOs will be introduced, if needed, to protect against substandard imports of finished goods or raw materials.

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