City Delhi Financial News

Swiss luxury watchmaker Tag Heuer is riding India’s growing middle class to bet that localized retail sales can offset a falling global appetite for high-end Swiss timepieces. The LVMH-owned brand plans to open boutique shops rather than rely on third-party distributors to shore up sales in a volatile luxury market.As parent LVMH struggles with a profit slide, India’s demand for Swiss watches has defied the downturn, surging more than 26% early this year.

Mint earlier reported that amid high oil prices and a supply squeeze due to the war in West Asia, OMCs halted supplies on credit to fuel retailers.On 26 March, the petroleum and natural gas ministry had said that efforts were underway to increase the supplies from one-day credit period to up to three days of supplies on credit.“In most cases, it is still advance payment. For large retailers there may be instances of a day's credit, but not all are getting that,” said Marri Amarender Reddy, general secretary of the UPDA.

This summer, Anisha and Karan Kapur, a Delhi-based couple in their mid-40s working corporate jobs, are skipping a ritual they rarely miss: an overseas holiday.With only a few weeks off, they had planned a trip to Portugal, drawn by Europe’s pleasant summer weather. But with geopolitical tensions and the West Asia war, they decided to stay on safer shores instead, swapping the Portuguese summer for a shorter luxury break in Goa and along the Konkan coast.Hotels in India, sensing an opportunity, are looking to lure such travellers with offers that range from longer stays to all-inclusive meals.

₹200,000 per kilolitre, more than double the previous price of ₹96,638.14. The Union petroleum ministry stepped in quickly, capping the increase for domestic flights.Following the change, Indian Oil's jet fuel now costs ₹104,927 per kilolitre in Delhi, an 8.5% rise over March, while airlines would have to pay the new rate for international flights.

₹24,000. They installed it in my flat the same day, and I have been using it regularly.”Since then, a friend bought the same gear on her recommendation and Dua has picked up other Lifelong products, including a duffel bag, a power bank and a pressure cooker.A few months before Dua’s purchase, Delhi-based advertising executive Kritika Sharda bought a ₹1,599 Lifelong power bank on quick commerce platform Blinkit on the eve of a trip to Manali. “I am very impulsive, both in travel and in buying,” said the 28-year-old.

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.

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.

Mint.GMR's appeal, through its airport joint venture Delhi International Airport Ltd (Dial), came just ahead of the launch of the National Capital Region’s second major airport in Jewar, sharpening competition for traffic. With jet fuel accounting for about a third of airline costs, the tax gap risks higher fares and a significant traffic shift, the company said. GMR had made a similar appeal last year too.The company has simultaneously sought the Union civil aviation ministry's backing on the matter.The Jewar airport, 90 km from the IGI airport, the country’s busiest one, was inaugurated on 28 March by Prime Minister Narendra Modi.

Amarjit Singh Batra refers to himself as a “big-time bathroom singer”. The general manager for South Asia, Middle East and Africa and managing director at the music streaming service Spotify India never trained as a singer as a child but had a naturally gifted voice, which meant he was always asked to sing at weddings and family gatherings.

₹28,700 in monthly rent.Early-career professionals across cities told Mint how they navigate this balancing act—and what the cost of simply getting started looks like.For 23-year-old Khyati Sood, relocating from Delhi to Pune for her first job as a data engineer meant making a series of careful decisions. “There were a lot of trade-offs,” she said. “Whether I should stay with strangers, give up an attached bathroom, or skip having a balcony to reduce rent.”Pune, compared to other major metros, offered some relief.

₹60 per cylinder hike has added to household stress and squeezed small businesses.The primary driver, experts say, is global instability.According to Adhil Shetty, CEO of BankBazaar, the increase reflects continued pressure from international markets where crude oil and natural gas prices remain elevated due to geopolitical tensions and supply chain disruptions."India imports a large share of its LPG needs, so any rise in international prices or freight costs tends to flow through to domestic cylinder rates," Shetty noted. He added that the latest global escalation has made cooking fuel more expensive, and with deliveries taking longer in some areas, households must prepare for higher and less predictable expenses.For several years, LPG prices in regulated markets remained relatively steady, with only minor fluctuations.

‘Water bankruptcy’ is a term coined to convey a stage after which it is impossible to return to ‘normal’ water levels without major changes. Popularized by a January 2026 United Nations report calling out the reality of an era of “global water bankruptcy,” the term has attracted considerable attention. While globally relevant, the report highlights India as a hotspot for groundwater depletion, given our overdependence on rapidly diminishing aquifers.

Mint's requests for a comment till the time of publishing.Everstone owns a majority stake in Subway India, which also counts Norwest Venture Partners and Playbook Partners among its investors.Nearly a year ago, Mint reported that Everstone was exploring a partial stake sale in the fast-food chain’s local operations as part of a $100 million private fundraising round. Those plans have since evolved, with the company now preparing for a public market listing.Everstone operates the master franchise of Subway restaurants in India through Eversub India, giving it the right to open and operate Subway restaurants in India, Sri Lanka, and Bangladesh.

(DGCA), and the matter was later raised in Parliament.Laser strikes near Indian airports have jumped sharply, rising from 122 cases in 2023 to over 500 in 2025, data tabled in Parliament show. The incidents pose a direct safety risk to pilots and highlight weak enforcement of rules that strictly prohibit such activity that endangers life or safety.As per data, 502 laser-related disruptions were reported across 22 airports in 2025, slightly lower than the 528 incidents recorded in 2024.

₹1.5 crore ground-floor apartment in central Delhi, listed at ₹1.2 crore, looked like a steal. Sanyam Jain thought so too and contacted the bank for details. The paperwork was clean and showed no dispute.

New Delhi: As the West Asia conflict drives crude prices above $100 a barrel, India has begun a calibrated pass-through of the shock—raising prices of select fuels while holding the line on retail petrol and diesel.State-run oil marketing companies (OMCs) have raised industrial diesel prices by around ₹22 per litre and premium petrol by about ₹2 per litre, according to industry sources. However, the prices of regular transport fuels and premium diesel have been kept unchanged.In Delhi, the price of premium petrol has been increased from ₹99.89 per litre to ₹101.89, and the price of industrial diesel, which is procured in bulk, has been increased to ₹109.59 per litre.Earlier this month, prices of domestic cooking gas were raised by about ₹60 and commercial LPG by about ₹115.Addressing the media on the developments in West Asia, Sujata Sharma, joint secretary in the ministry of petroleum and natural gas (MoPNG), said there has been no increase in prices of regular petrol and the hike is limited to premium variants, which account for just 3-4% of total demand.

India’s corporate skyline has expanded rapidly over the past three decades. Tech campuses in Bengaluru and Hyderabad, logistics parks along the Delhi-Mumbai industrial corridor and multiple warehouse clusters on city outskirts reflect a country building the infrastructure of a modern economy. Yet, much of this expansion has been planned around connectivity, labour access and land prices.

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.

As the India Meteorological Department warns of above- normal temperatures across much of India in the coming weeks, the country is once again preparing for a hotter summer. But for many Indians, rising heat is more than a seasonal forecast; it shapes everyday life.Climate change is no longer an abstract environmental challenge.

₹265.4 crore, Christian Dior's slipped slightly to ₹257 crore from ₹265.7 crore in FY24, and Louis Vuitton's eased to ₹802.47 crore from ₹816.24 crore in FY24.In contrast, the more upmarket Hermès India, which caters to ultra-rich buyers, continued to expand, with revenue rising to ₹427.9 crore from ₹322.2 crore and net profit increasing to ₹83.7 crore from ₹72.7 crore. Swiss watches also outperformed, with sales rising to about ₹3,500 crore from ₹3,244.6 crore in 2024, according to the Federation of the Swiss Watch Industry FH.The divergence could be a sign of a broader market dynamic at play, say experts.

Mint. “With the population and purchasing power that the country has, companies can't afford to make solutions which are not designed with the Indian price point in mind.”Qualcomm's chief executive Cristiano Amon had announced the AI-focused $150 million fund at the India AI Impact Summit held in Delhi last month.