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18.05 / 10:05
markets COST UPS Trade War country Updates The world can’t get enough U.S. energy, keeping prices high for Americans
Subscribe to enjoy similar stories.The world is making a run on U.S. energy, setting American motorists and foreign buyers on a collision course.President Trump and his administration have successfully talked down and taken measures to contain American energy prices. That, combined with the fact that the country has a huge surplus, has prompted overseas buyers to buy huge volumes of U.S.
18.05 / 10:05
markets UPS Fighting Software SpaceX Updates Altman, Amodei and Musk fight dirty for the biggest prize in business
Subscribe to enjoy similar stories.IF There has been a common narrative around artificial intelligence this year, it is that advances in the technology are shaking up the vast—and hitherto cosy—world of software. In order to keep this blitzkrieg going, the labs at the forefront of AI need to raise enormous amounts of money.
18.05 / 10:05
markets COST UPS Provident Platform information reports Why is BNPL popular, and what users often overlook?
Subscribe to enjoy similar stories.A quiet shift is underway in how India spends, as salaries fail to keep pace with the rising cost of living.An April 2026 white paper titled The New Indian Household Balance Sheet by wealth manager Client Associates found that net financial savings have fallen sharply to about 5.2% of gross domestic product in 2023-24, down from nearly 7.7% in the pre-pandemic years, as rising borrowings eat into household surpluses and household financial liabilities have climbed to 6.2% of GDP, a decade high, driven by rapid growth in home loans, personal credit, and credit card spending.And somewhere in between wanting something and not being able to afford it, a new habit has taken hold: buy now and pay later (BNPL).BNPL is a type of short-term loan that lets you pay for goods or services immediately and pay them back at a later date, usually in instalments or with a single interest-free deferred payment. Unlike conventional loans, it is largely interest-free as long as the customer pays on time.
18.05 / 10:05
markets UPS Citi Trade reports Updates Four rare-earth mines rule the industry. Why more are needed in the age of AI.
Subscribe to enjoy similar stories.Rare earth metals are on the minds of all investors these days, and for good reason. Recent trade tensions have put China’s rare-earth monopoly into stark relief.
18.05 / 10:05
Digital Entertainment ByteDance wellness performer consequences recommendations AI super-apps are remaking China’s internet
Subscribe to enjoy similar stories.To have a coffee delivered to an office in Shanghai, simply ask one of China’s artificial-intelligence super-apps to choose a brew on your behalf, press “confirm” and the beverage will be on its way. Delegating such important decisions brings risks, of course.
18.05 / 09:37
COST UPS band performer Inside reports Inside TCS’s new 5% underperformer push after job cuts
Subscribe to enjoy similar stories.BENGALURU: A month after Tata Consultancy Services Ltd (TCS) completed its largest retrenchment exercise, laying off about 2% of its workforce, the company asked managers during its latest appraisal cycle to place about 5% of its 584,519 employees in Band D, the lowest performance category, according to an internal email reviewed by Mint and independently confirmed by an executive.“Please review critically and share the list of associates who can be considered for Band D, thereby meeting the agreed 5% distribution,” said an email from a TCS HR executive to one of the business unit heads of the company in April.Business unit heads classified about 3% of employees, about 17,500 people, as underperformers, according to three other executives.The ratings have stoked fresh concerns among employees across India’s largest software services firm, especially after many of the 12,200 employees laid off in the recent retrenchment exercise were similarly rated.Top performers, meanwhile, received hikes of about 6%, according to annual salary increase letters sent to employees on Sunday.An email sent to TCS on 12 May seeking comment went unanswered till press time.While TCS, like peers Infosys Ltd and HCL Technologies Ltd, has long classified some employees as underperformers, executives said the explicit 5% Band D distribution has heightened concerns.“A couple of things stand out this time around. Until last year, it was understood that many employees would be placed in Band D, as in other IT companies.
18.05 / 09:37
markets COST economy Cycling reports Updates Strong Q4 rural recovery runs into rising cost and monsoon risks
Subscribe to enjoy similar stories.Rural-linked companies reported their strongest volume-led recovery in years in the March quarter (Q4FY26), driven by low inflation, healthy farm incomes and rising non-farm employment from infrastructure spending. Aggressive government welfare spending further boosted rural consumption across staples and discretionary categories.But experts warn the recovery may already be approaching its first major stress test.
18.05 / 09:37
markets UPS Manufacturing Caterpillar Strategy Tesla Updates Ford no longer looks like an also-ran in the global EV race—it’s just that it has taken an alternate route
Subscribe to enjoy similar stories.Ford has finally hit upon an electric strategy that shouldn’t lose money. The key element is that it doesn’t involve vehicles—not for now, anyway.Ford’s stock, a habitual water-treader, jumped almost 14% on Wednesday, its biggest gain in over six years, on news that the Detroit stalwart had found a way to tap into the AI boom—sort of.
18.05 / 09:37
markets COST Provident security performer Updates Tata Steel’s strong quarter meets a Dutch roadblock
Subscribe to enjoy similar stories.Shares of Tata Steel fell about 4% on Monday despite a robust March quarter performance, as concerns mounted over possible closure of its coke and gas plants (CGPs) in the Netherlands due to emission norm breaches.The stock reaction was driven by regulatory risks at Tata Steel Netherlands (TSN). In April, local agencies issued a letter to TSN expressing their intention to revoke permits for its 40–50-year-old CGPs, citing non-compliance with emission norms.While TSN could procure coke from the market if the units are shut, that would significantly dent profit margins and could render operations commercially unviable.The regulator’s move can impact the financial stability of TSN, “given the significance of the facilities to TSN’s operations,” the company said.
18.05 / 07:37
markets Platform Food trends cover reports Updates L Catterton said to be in talks to acquire minority stake in Bengaluru-based Nandhana Palace
Subscribe to enjoy similar stories.MUMBAI: Consumer-focused private equity firm L Catterton, among others, is in talks to acquire a stake in Bengaluru-based restaurant chain Nandhana Palace, three people familiar with the matter said.“The investment firm may likely acquire a minority stake in the business,” one person said.“The Andhra-cuisine restaurant chain is also in discussions with other funds, but L Catterton may likely have an edge, given its deep expertise in the consumer sector,” a second person said.Mint reported in December that Nandhana had sought a valuation of ₹2,000 crore when it was in talks with Dubai-based investment firm Pulsar Capital, but that did not materialize.That valuation was at the higher end and may evolve or change, depending on the buyer, two of the people said.“While the final terms are yet to be signed, the deal is still undergoing due diligence,” a third person said.L Catterton and Nandhana did not respond to Mint’s requests for comment till the time of publishing.L Catterton is 60% owned by private equity firm Catterton and the remaining 40% is jointly owned by French luxury brand LVMH and Groupe Arnault. The firm manages $40 billion of equity capital and has made over 300 investments in consumer brands globally and in India.Its portfolio companies include Drools, Sugar Cosmetics, Farmley, Haldiram’s, Healing Hands Clinic and Jio Platforms.
18.05 / 07:27
markets COST UPS Food War reports Updates India fuel price hike fuels inflation pressure across sectors as crude risks rise
Subscribe to enjoy similar stories.MUMBAI: India’s petrol and diesel price hike, alongside a volatile crude oil outlook, is set to ripple across key sectors and is already feeding early market pressure, with analysts warning of further inflation if global oil prices climb.Oil marketing companies (OMCs) finally bit the bullet and raised prices of petrol and diesel by around ₹3 a litre on Friday amid elevated global prices. More hikes are expected going ahead as under-recoveries remain high.Higher fuel prices are expected to feed quickly into logistics and freight costs, with transport operators unlikely to absorb higher diesel expenses, triggering cost pass-through across supply chains and sectors dependent on transportation and energy-intensive inputs, potentially widening inflation pressures across the economy, according to experts.“We raise FY27 headline inflation to 5% versus 4.6% earlier assuming a ₹10 per litre hike in retail fuel prices, along with the impact of El Niño-led adverse monsoons,” said Madhavi Arora, chief economist at Emkay Global.The cost pressures come at a time when corporate earnings in consumption- and transport-linked sectors are already under strain from elevated input costs and uneven demand recovery.Fast-moving consumer goods (FMCG) companies are expected to face higher distribution and input costs, even as they continue to grapple with already elevated raw material inflation.Large FMCG players have already begun raising prices as fuel, packaging and food commodity costs continue to rise.
18.05 / 07:27
markets Booking security pandemic shock Updates Ajit Ranade: Why India’s central bank should not turn into a fiscal stabilizer for the government
Subscribe to enjoy similar stories.India’s central bank has quietly become a key pillar of macroeconomic stability. It is not just a monetary authority, but increasingly playing a role as a fiscal shock absorber. This deserves appreciation and caution.The Reserve Bank of India (RBI) has managed an extraordinarily hard decade.
18.05 / 06:55
Digital Platform Entertainment Boxing film audience Relationships Lured by theatrical returns, digital players foray into big screen cinema
Subscribe to enjoy similar stories.Despite being infamous for box office volatility, the theatrical business is fast drawing digital-first players seeking scale beyond streaming.Kuku, the digital entertainment company behind platforms like Kuku FM and Kuku TV, has announced its expansion into theatrical-led cinema with its first Hindi feature film, Indian Institute of Zombies.Firms like Collective Media Network and TVF (The Viral Fever), known for OTT and digital projects, also have theatrical releases scheduled.Industry experts say that while cinema remains unpredictable in the short term, films continue to be one of the most powerful formats for building large-scale intellectual property and cultural relevance.Digital-first companies are not looking at films only through the lens of theatrical box office—they see them as long-term content assets that can travel across streaming, satellite, music, and international platforms. For many, film production is a natural extension of an ecosystem already built around audience data, creators, and cross-platform storytelling.“Digital platforms have spent years building audience trust, understanding consumption patterns, and identifying what truly resonates.
18.05 / 06:55
markets UPS War country cover Updates The rupee’s future depends on some factors beyond India’s control but policy should focus on the rest
Subscribe to enjoy similar stories.The Indian currency has been experiencing sharp depreciation amid the West Asian crisis, driven largely by rising energy prices and moderating capital flows. That said, the weakness of the Indian rupee has been a persistent concern over the past year, even before the conflict began. It has depreciated by about 11% over the past year, with about 5% of this value loss having occurred after the US-Iran war began on 28 February.The main concern for the rupee is India’s weak balance-of-payments position.
18.05 / 06:55
markets UPS Citi War Updates Kyiv enters a hopeful spring after surviving the war’s darkest winter
Subscribe to enjoy similar stories.KYIV—It was the middle of January when the cold and lack of electricity forced Olha Kosova and her baby to flee their Kyiv apartment to her parents’ place in the suburbs.Now, spring is here, the electricity is working and Kosova and 1-year-old Lisa are back home in their sun-drenched apartment.“I don’t even remember this winter,” Kosova said. “It fades from the memory so quickly as if it never happened.”Kyiv and its residents are bouncing back from the darkest winter of the war. Russia struck Ukraine’s energy infrastructure more than 1,400 times with missiles and drones dating to last July, according to an official Ukrainian tally.
18.05 / 04:09
markets UPS ETF film Trade track Colleges Import curbs may raise demand for silver ETFs
Subscribe to enjoy similar stories.MUMBAI: The government’s decision to curb silver bar imports could push exchange-traded funds (ETFs) tracking the white metal from trading at a discount to moving into a premium over spot prices, after two weeks, amid concerns of an impending supply squeeze, analysts said.This would mark a shift from ETFs trading at a discount to net asset value (NAV), which is calculated from spot prices, to potentially trading at a premium. It implies that if spot prices rise, ETF prices could rise more, and if spot prices fall, they would fall less than the spot.Premiums and discounts typically reflect demand conditions.
18.05 / 03:33
markets Align Enterprise WhatsApp reports travelers Updates How leaders make ego an ally, not an adversary
Subscribe to enjoy similar stories.In India, we treat leadership the way we treat wedding guests: the more people hanging around to feed your ego, the more important you must be.The Ego Equation is simple: Power + Applause – Answerability = Inflated Human Balloon.In theory, leadership is about service. In practice, it often resembles a group project where one person signs the report and everyone else does the work. The moment someone acquires a title, their WhatsApp typing speed slows by 40%.
18.05 / 03:33
markets awards students travelers Sporting mountaineering Monday Motivation: Balancing creativity and practicality
Subscribe to enjoy similar stories.Art has always been Neha Gupta’s quiet escape. She would spend hours sketching and painting, exploring her creativity as a little girl. Over time, she gained interest in a deeper understanding of spaces and buildings.“Architecture felt like art that people could actually live in and interiors were what made those spaces warm, inviting and personal,” says New Delhi-based Gupta, co-founder, principal designer and restaurateur at Beyond Designs.As a student of architecture and design, she first realised that functionality was as crucial as aesthetics.
18.05 / 02:05
UPS President song rap stars How Nicki Minaj became Trump’s ‘No. 1 fan’
Subscribe to enjoy similar stories.Shortly before the 2024 election that would move him back into the White House, Donald Trump took a phone call on his plane from a secret supporter.Nicki Minaj was on the line, and she wanted Trump to know she was supporting his re-election, according to people familiar with the matter.Trump’s campaign managers, sensing an opportunity to score an endorsement from the rap world’s most popular female star, asked Minaj to take her support public. But Minaj—and her management team—said she needed to stay behind the scenes because taking a political stance posed a risk to her brand and businesses, some of these people said.Not anymore.Today, the 43-year-old best known for chart toppers like “Starships,” for leading an online army of mega-fans known as “Barbz” and for bringing a theatrical streak to contemporary hip hop has embraced a new status atop MAGA’s A-list.She has visited Trump in the Oval Office, spoken in support of administration priorities at the United Nations and encouraged her tens of millions of social-media followers to lobby their legislators on the White House’s behalf.
18.05 / 02:05
markets Booking Research outbreak travelers Features Destinations Why Hantavirus might not dent the booming expedition-cruise business
Subscribe to enjoy similar stories.The polar regions fascinated Daniel Liss ever since he was a child.He would study maps and globes, picturing the people and animals who call the coldest reaches of the Earth home. As an adult, he crisscrossed the Alaskan frontier, lived in Sweden, and visited the Norwegian island town of Longyearbyen, one of the world’s northernmost settlements.In December, he crossed a big item off his bucket list, sailing on an Antarctic cruise with Oceanwide Expeditions.
18.05 / 02:05
markets Career show Schools Updates Interviews A master’s degree isn’t the job guarantee it used to be
Subscribe to enjoy similar stories.Going back to grad school has long been the Plan B of young professionals who aspire to climb higher in their careers or struggle to get promoted in a tough job market. New data show that getting a master’s degree isn’t the guarantee it used to be.The unemployment rate for workers under 35 with a master’s degree has rarely been higher in the past 20 years, according to the Burning Glass Institute, a labor-market think tank focused on the future of work, which analyzed data collected by the U.S.

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