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31.03 / 01:47
markets testing Updates A Russian tanker tests the limits of Trump’s Cuba squeeze
Business News, Market News, Breaking News Events and Latest News Updates on Live Mint. Download The Mint News App to get Daily Market Updates.
31.03 / 01:47
markets Updates After Iran, gold is looking less glittery
Business News , Market News , Breaking News Events and Latest News Updates on Live Mint. Download The Mint News App to get Daily Market Updates.
31.03 / 01:47
markets Action Fighting wellness Cycling shock Updates Mint Quick Edit | RBI has rushed to curb forex speculation by banks: Are tighter rules necessary?
Banks in India got a jolt late on Friday after the Reserve Bank of India (RBI) capped their net open positions in the forex market at $100 million. Many have been sitting on large long-dollar positions, which they’ll now be forced to unwind by RBI’s deadline at a loss. Bank stocks, of course, slid on Monday.RBI’s apparent aim is to increase dollar supplies in support of the rupee.
31.03 / 01:47
markets War Updates Trump tells aides he’s willing to end war without reopening Hormuz
Business News, Market News, Breaking News Events and Latest News Updates on Live Mint. Download The Mint News App to get Daily Market Updates.
31.03 / 01:47
markets Updates Wall Street is finishing the worst quarter for stocks in four years
Business News, Market News, Breaking News Events and Latest News Updates on Live Mint. Download The Mint News App to get Daily Market Updates.
31.03 / 00:43
markets Mobile ICE Bill Experts Updates International A year after scrapping EV levy, Karnataka's new tax raises concern over adoption
Karnataka’s move to impose a tax on electric cars, a year after waiving levies, could slow down adoption in one of India’s key electric vehicle (EV) markets by eroding their price competitiveness with petrol and diesel vehicles, industry experts said. The shift comes even as other states continue to offer tax breaks to push EV uptake.According to a bill passed in the Karnataka assembly last week, a tax in the range of 5-10% of a vehicle’s price will be imposed on all EV cars based on their price at the time of registration in the state, which is expected to widen the price gap with less expensive internal combustion engine (ICE) vehicles.The move partly negates the state's own clean mobility policy released in 2025, under which road and registration taxes were waived off for all electric vehicles, except those priced above ₹25 lakh.This comes at a time when other large EV car markets such as Maharashtra, Uttar Pradesh, Tamil Nadu and Delhi are moving to waive off all such state taxes on EVs to promote their adoption.“At a time when EV adoption is crucial to cutting vehicular pollution and improving urban air quality, this decision risks undermining the state’s stated ambition of promoting zero emission mobility,” Sharif Qamar, associate director at The Energy and Resources Institute (Teri), said.
31.03 / 00:43
Manufacturing Inside information reports Updates Relationships International The 72-hour U-turn: Inside the boardroom drama at Sundaram Clayton
Venu Srinivasan and its managing director is his son Sudarshan Venu. Gopalan is a director on its board.On Friday, the Sundaram Clayton board accepted Kishan’s resignation and appointed M.
31.03 / 00:43
markets UPS CEO reports Updates Investigations HDFC Bank falls on governance rumours: an opportunity or a warning?
overreaction, with fundamentals remaining largely intact, it is a clear signal to buy. Otherwise, the downside looks pretty steep.
31.03 / 00:43
markets COST UPS security economy country rights Do your work and go home: Aditya Puri on leadership without frills
Mint India Investment Summit, Puri received the Lifetime Achievement Award and engaged in a candid fireside chat with editor-in-chief Ravi Krishnan. From why he moved to India in 1994 to artificial intelligence in banking and the work culture he batted for, this chat covered a wide range of subjects. Edited excerpts:I think India is still a very under-penetrated market as far as finance is concerned.
31.03 / 00:43
markets Analysis Experts War Cycling Headlines Record foreign selling of ₹1.8 trillion in FY26 marks a deeper shift in overseas capital flows
For foreign investors backing Indian equities, the financial year 2026 was one they would rather forget. It was a period dotted with global disruptions, starting with US-led tariff uncertainties and ending amid the US-Israel-Iran war.
31.03 / 00:43
markets UPS security Trade War reports shock India's brokerages face a sharp 30% revenue hit as West Asia war spooks retail investors and clients exit
India’s retail brokers are bracing for a sharp erosion in active clients and revenue as the escalating West Asia war threatens to further dampen market sentiment and trading activity.The active retail client base of brokerages has already shrunk over the past year due to muted, rangebound markets and the impact of regulatory curbs on derivatives trading. The outflow of active clients is set to intensify from March as the US-Iran war increases the risk of more retail investors stepping away from the stock market.“Broker revenues are down 20-30% across the industry year on year.
31.03 / 00:43
markets Platform security Deloitte reports Relationships International Mint Explainer: How AI is transforming investment banking
Mint explains how significant AI’s impact really is on investment banking.A 2023 Deloitte report noted that global investment banks have invested billions of dollars in machine learning and natural language processing to transform trading and risk management. However, the deal-making lifecycle remains heavily dependent on human expertise.
31.03 / 00:43
markets Strategy wellness Trade War strain Updates RBI’s new forex rules signal shifts in currency strategy; banks now on frontline
RBI measure will bring some temporary relief to the rupee, but appreciation will be limited because fundamentals remain unfavourable, treasury officials said.“Currency appreciation may be limited to the extent of unwinding of these current leveraged positions. But once that is settled, I think the currency will again follow the fundamentals, and as long as this crisis continues, rupee will depreciate,” Reddy of Karur Vysya Bank said.Following the central bank move, the rupee gained 1.3% to touch a one-week high of 93.59 per dollar on Monday, before shedding gains to hit a new low of 95.1250. Likely RBI intervention lifted it to 94.83 at close, little changed from ⁠its previous close.
30.03 / 16:11
COST UPS Manufacturing Mobile War electronic rights Electronics makers wait for war impact as commodity prices rise
New Delhi: India’s electronics manufacturing services (EMS) firms are in wait-and-watch mode as the West Asia war disrupts the tech component supply chain and pushes commodity prices upward. While Dixon Technologies and Syrma SGS aren’t factoring pricing and supply chain disruptions into account right away, top executives believe the next few quarters will be key for users, brands and shareholders alike.In an interview with Mint, Sunil Vachani, cofounder and executive chairman of Dixon, said that industry bodies are currently evaluating “at a broad industry level how long it will take for capacities of commodities and components, which are destroyed in the war, to come back up.”“The gas supply chain disruption wouldn’t be affecting us, but it will likely hit air conditioner manufacturers directly,” Vachani said.
30.03 / 15:49
trends Updates China’s birthrate falls. But the child-care business is booming.
Write to [email protected] updated with the latest Trending, India , World and US news.
30.03 / 15:03
markets Updates Trump, Powell and the perils ahead for the Fed
Mr. Blinder is a professor of economics and public affairs at Princeton. He served as vice chairman of the Federal Reserve, 1994-96.Catch all the Business News, Market News, Breaking News Events and Latest News Updates on Live Mint.
30.03 / 15:03
Software Research President students testing Colleges International Death of the junior developer: How AI is forcing colleges and students to pivot
software companies, which often billed clients by the number of hours an engineer spent on a task, are now forced to redefine what is worth a developer’s time.This shift is being felt by young Indians across the workforce, from final-year students appearing for placements to entry-level software engineers and mid-level engineers at information technology (IT) companies.Ansh Masand, a final-year MBA tech engineering student at Narsee Monjee Institute of Management Studies, is witnessing this shift firsthand.Masand, who also works at a Bangalore-based AI startup, says he began freelancing in his second year despite not having the skills to build full-fledged software applications at the time.“I didn’t really know how to make production-ready software,” he says. “But I could ask questions, use AI and deliver something that worked.”Masand says what stood out to his clients was not how the code was written, but how quickly it was delivered.“I was building things in a day and solving problems that existed in their current workflow” he says.
30.03 / 12:31
COST UPS Gap Courts Updates International India’s slow dispute resolution is costing up to 2% of GDP, deterring investors
9th Mint India Investment Summit in Mumbai last week. Panellists, including senior in-house legal counsels and law firm partners, said weak enforcement sits at the heart of the problem, raising the cost of doing business and deterring investment.The inability to enforce contracts swiftly and predictably, along with delays, frequent adjournments, procedural hurdles and lack of subject-matter expertise, creates friction for companies and investors.
30.03 / 12:31
markets COST Target Manufacturing trends War reports Cement to get dearer as Iran war pinches manufacturers
Mumbai: The cement industry is bracing for a sharp price increase in April as the fallout from the war in West Asia drives up production costs. UltraTech Cement Ltd, India’s largest producer, is set to be the first to increase its price, according to an executive in the know.A price hike by the market leader is likely to trigger similar moves by other cement makers, who are under even greater pressure from higher costs, given their relatively smaller scale.“Nobody will increase cement prices now as they need to meet the year-end targets, but price increase will be seen in the month of April, and cost will be passed on to the consumers,” said the executive quoted above, requesting anonymity, discussing business strategy.Emails sent to UltraTech did not elicit a response till press time.The rise in cement prices is expected to marginally increase construction and infrastructure costs, as cement typically accounts for around 5% of total construction cost, according to Satyadeep Jain, lead analyst for cement, metals, mining and utilities at Ambit Capital.“Cement companies will need ₹20/bag price hike to fully offset cost Inflation vs typical ₹7-8/bag hike in April.
30.03 / 11:59
COST UPS Citi cover hospital testing medicines The unplanned expense in your 50s: Paying for ageing parents’ care
Delhi-based Deepak Kakkar didn’t think of caregiving as a financial line item until it became one. When his septuagenarian father’s health declined due to liver cirrhosis in 2024, the immediate concern was medical treatment. But within weeks, he could see his monthly household budget change completely.
30.03 / 11:59
markets CEO Apple Netflix Schools Equality Updates To lure top AI talent, startups are turning to cold hard cash
forward-deployed engineers—people who embed with customers to teach them how to use AI.On top of generous base salaries, Zhang has also seen companies offering profit-sharing agreements. Say someone is put in charge of a particular business vertical; they might now get promised 4% of its profits.Chris Vasquez, CEO of Quantum, which recruits teams for high-growth startups, says it’s no longer uncommon for startup workers in certain roles to be making the same total cash compensation as seasoned workers at companies like Meta and Google.“Prior to this, I’d probably never seen anyone over $300,000 on base salaries at seed companies,” says Vasquez.

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