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18.03 / 00:15
UPS Provident security Strategy Pool cover Updates Fund of funds emerges as workaround to Sebi’s AIF cap of 1,000 investors
investors in a FoF that then allocates capital across underlying AIFs, managers can effectively broaden participation while staying within the letter of the rules.“We have seen a gradual increase in FoFs in the industry as it helps an AIF accommodate investors who could not participate in a fund the first time around,” said Pratik Jain, managing partner–investments at Wealth Co. Asset Management Pvt.
18.03 / 00:15
Aviat CEO performer voice information Updates International A two-year extension for Chandrasekaran at Tata Sons? Noel Tata has a plan in mind
deferred a decision on granting another term at its meeting on 24 February. The surprise development came after Noel Tata sought a clear roadmap for the performance of some of the new businesses launched under Chandrasekaran’s watch, including e-commerce, aviation and semiconductors.
18.03 / 00:15
markets Platform Healthcare hospital patient medicines rights CureBay absorbs Saveo's pharma distribution unit to expand rural reach
Mint.“The acquisition was strategic in nature for us and they bring their partnerships on the procurement side of running warehouse management and the serviceability of an order that is coming from rural India," said Mohapatra.While the company declined to comment on the financial details of the transaction, it said that it had not raised additional funding to finance the acquisition and that it was done through the company's existing funds.The acquisition brings Saveo's 10,000 platform partners across Karnataka, Telangana, Andhra Pradesh and Tamil Nadu into CureBay's network of 190 clinics.Most of the integrations of Saveo's pharma distribution business into CureBay have already been completed. “In a few of our markets, we are already hitting the market with the combined power of both the organizations and talent," said Mohapatra.India's rural healthcare market is fragmented with multiple models, including remote patient monitoring, mobile hospitals and more.
17.03 / 15:51
trends Updates World Bank embraces industrial policy, abandoning three decades of stigma
Write to Paul Hannon at [email protected] updated with the latest Trending, India , World and US news.
17.03 / 15:51
markets UPS security reports Updates Union Bank lines up maiden ₹7,500 crore infra bond issue
₹20,000 crore via infrastructure bonds, Union Bank of India announced its plans to issue the first ₹7,500 crore tranche of 10-year bonds on Friday, three merchant bankers told Mint.The issue will have a base size of ₹3,000 crore and a greenshoe option of ₹4,500 crore. The bonds are rated AAA by Care Ratings.On 13 February, Mint reported that state-run lenders are preparing to tap the debt market through infrastructure bonds in March.Banks and financial institutions raise funds through infrastructure bonds to finance their long-term infrastructure projects.
17.03 / 15:51
markets NVIDIA Updates The biggest threat to Tesla’s valuation is Nvidia
Write to Al Root at [email protected] all the Business News , Market News , Breaking News Events and Latest News Updates on Live Mint. Download The Mint News App to get Daily Market Updates.
17.03 / 13:51
markets UPS IPO Target Platform country Updates Sanjiv Mehta-led L Catterton India eyes proprietary deals as consumer market expands
Mumbai: Global private equity firm L Catterton’s India pool of capital, led by former Hindustan Unilever (HUL) chief Sanjiv Mehta, is eyeing more proprietary deals in the country after deploying over $100 million across companies like Farmley, Haldiram’s and Healing Hands Clinic over the last year.“Our deals are primarily proprietary in nature, and we don’t take part in intense bidding processes. This preferential access allows us to have better returns for our investors through better pricing discipline.
17.03 / 13:09
UPS Provident Waves Experts country Updates India to up seismometer count five-fold for early earthquake alerts
Mint.The country currently has about 300 seismometers at earthquake monitoring stations for detection, early warning capability and scientific understanding of seismic activity.Scientists and disaster management experts say this brief gap between the arrival of different seismic waves can be used to safeguard critical infrastructure such as metro rail systems, transmission lines, power plants and industrial facilities. While earthquakes cannot be predicted in advance, many countries operate Earthquake Early Warning (EEW) systems that provide a few seconds to about one minute of lead time before strong shake reaches a location.The development is significant given that 59% of India is vulnerable to earthquakes due to its unique geological and tectonic setting, particularly its location at the collision boundary of the Indian and Eurasian plates.Mint had earlier reported that India was developing a system to predict destructive S-waves during earthquakes.According to the Coalition for Disaster Resilient Infrastructure (CDRI), a New Delhi-based multilateral organization, India suffers losses of around $31.6 billion across nine infrastructure sectors—buildings, health, education, oil and gas, ports and airports, power, roads and railways, telecommunications, and water and wastewater—due to earthquakes, cyclones, floods, landslides and tsunamis every year.
17.03 / 12:45
markets UPS Waters Google Cycling country testing Inside the remarkable journey of a tonne of carbon, from Indian fields to corporate ledgers
carbon credit is roughly equivalent to the emissions caused from burning about 430 litres of petrol or a round-trip flight between Delhi and Singapore. It can sometimes take more than a year for a carbon credit to be issued.
17.03 / 12:45
markets UPS economy WSJ country exclusive Updates Trump shifts US-China strategy on trade to dealmaking
As the U.S. and China move from a battle over economic principles to managing the status quo, who is winning? Write to me at [email protected].
17.03 / 12:45
markets Updates The blowup that exposed how America’s banks are entangled in private credit
Write to Ben Glickman at [email protected] all the Business News, Market News, Breaking News Events and Latest News Updates on Live Mint. Download The Mint News App to get Daily Market Updates.
17.03 / 11:01
markets innovations Updates Innovations in energy and finance are further inflating the AI bubble
Business News, Market News, Breaking News Events and Latest News Updates on Live Mint. Download The Mint News App to get Daily Market Updates.
17.03 / 11:01
markets Digital economy performer country shock Updates Aim for a dual revolution: India needs a dramatic leap in farming that AI-powered automation can deliver
Toyota’s factory in Woodstock, Ontario, will soon deploy Digit, a humanoid robot from Agility Robotics, on its production floor. These bipedal machines will unload auto parts from warehouse tuggers and onto the production line—work that until now was performed by humans. Toyota chose humanoid robots because its factories are designed for people.
17.03 / 11:01
UPS security Research performer Updates Mint Explainer | Why Ola Electric is scrambling for cash
₹2,000 crore stake sale in its battery arm, Ola Cell Technologies Private Ltd, after its board earlier approved a ₹1,500 crore fundraise through share or securities issuance.The push comes as falling scooter sales and a weakening balance sheet tighten liquidity, even as the company doubles down on its capital-intensive cell business.Mint looks at what is driving the company’s fundraising push.The urgency stems from a sharp deterioration in its core business.In 2025, Ola Electric’s sales more than halved to nearly 200,000 electric scooters, while rivals such as TVS Motor Co., Bajaj Auto and Ather Energy gained ground.In the October-December quarter, revenue fell to a record low of ₹504 crore, while losses stood at ₹487 crore, compared with ₹564 crore a year earlier.Analysts say the pressure is now visible on its balance sheet.“(A) turnaround would necessitate Ola to have a strong cash balance to survive this phase. However, as per our calculations, Ola has turned net debt as of 9MFY26 ( ₹670 crore) from net cash of ₹160 crore in H1FY26.
17.03 / 11:01
markets Strategy wellness Trade show track rights How retail traders navigate full-time trading risks
Mint spoke with traders who left salaried jobs to trade full-time, on what it takes to make it work in this changed environment.At 58, Manish (name changed) left his job as a director at one of the Big Four firms in 2018 to start a renewables-focused start-up. With that not panning out as expected, he wanted to keep his income level sustained without disturbing the corpus he had.He decided to take up trading full-time and started doing certificate courses for currency and derivatives trading, took the NSE exam, and attended various private classes.
17.03 / 11:01
markets Updates In Donald Trump’s world, the strong take what they can
Business News, Market News, Breaking News Events and Latest News Updates on Live Mint. Download The Mint News App to get Daily Market Updates.
17.03 / 09:57
markets COST security wellness reports Updates Polycab is getting wired for softer demand in the near-term
₹20,020 crore.In fact, Q3FY26 revenue growth was as high as 46%, led by a 54% jump in its mainstay wires and cables business that contributes 88% of the gross segment revenues.Like peers, supply chain uncertainties and demand disruptions following the Middle East conflict are expected to hurt Polycab too. “March so far has been weaker versus initial expectations, thereby impacting Q4 estimates, emanating from uncertainty from the ongoing Middle East conflict, and a high base,” wrote JM Financial Institutional Securities’ analysts after interacting with Polycab’s executives in a report on 15 March.Should the ongoing uncertainty persist, Q4 volumes could remain flat year-on-year, revenue growth relying on input cost appreciation (18-20%), it added.March usually accounts for 45-50% of Polycab’s fourth-quarter revenue, but demand has been slower this time owing to uncertainty around commodity prices and project visibility.
17.03 / 09:57
markets Digital Fighting track country rights Updates Shoppers stop and scan: How a simple QR code will help fight overcharging at retail outlets
NEW DELHI: Consumers will soon be able to check whether a shop is compliant with weights and measures or pricing norms by simply scanning a QR code at the outlet.The Centre is preparing to make quick-response code (QR)-based digital certification of retail shops in the country mandatory to help protect consumers and push towards formalization of the retail sector, according to two government officials aware of the development.The plan is part of a push to strengthen enforcement of legal metrology rules for weights and measures and ensure that businesses comply with standards through a foolproof verification mechanism. The tamper-proof QR codes must be prominently displayed by all retail shops.Customers should be able to scan the codes using a smartphone to check whether an establishment has been certified for its weighing and measuring instruments and complies with the rules.The plan comes in the backdrop of the government’s focus on targeting violations related to weights and measures, packaged commodity declarations and pricing practices in retail trade.
17.03 / 09:57
markets COST UPS economy War shock Updates Spare us the theatrics: An oil shock should prompt macro responses, not gimmicks
We have been here before. In the 1970s, US President Gerald Ford urged Americans to combat escalating energy costs in response to the Arab-Israeli war. His Whip Inflation Now (Win) initiative encouraged people to grow vegetables in their yards, car pool and use cold water in the laundry.
17.03 / 09:57
markets Digital Platform WhatsApp Instagram country Investigations Mint Explainer | What Instagram’s encryption rollback means for the privacy–safety debate
cyberattacks. Instagram’s decision reflects a broader push and pull shaping the future of digital communication. Mint explains.End-to-end encryption ensures that only the sender and recipient of a message can read its contents.
17.03 / 09:15
markets UPS Action Research wellness performer Updates Time, not timing, is the real edge in investing
investors undertake thorough research and build conviction in a company’s prospects, they must behave like its owners.Market volatility, relentless news flow and short-term noise should not dictate decisions. Instead, investors should stay focused on the long-term trajectory of the business.

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