City Kolkata Financial News
14.04 / 12:07
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The algorithm of a cry: How startups are turning baby whimpers into data
Subscribe to enjoy similar stories.Mahek Mody and his wife were looking forward to having their first child. But the couple knew they would have their hands full once the baby arrived, juggling late-night feeds, diaper changes, soothing the infant to sleep, and managing workplace demands. Mody runs Upliance, a hardware startup, and his wife had her own demanding business to return to as a co-founder.And so, they turned to a smart crib, made by Cradlewise, a company they already knew from the hardware world.“It’s a fairly expensive purchase and we thought about it 20 times,” Mody said.
20.05 / 17:07
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Apollo Hospitals bets on expansion, clinical edge to maintain lead
Subscribe to enjoy similar stories.Apollo Hospitals Enterprise Ltd (AHEL), the country’s largest listed hospital chain by beds, is betting on its planned capacity expansion as well as its clinical programmes and expertise to maintain its lead in an increasingly competitive private healthcare market, its top management said.The hospital chain, which commissioned four hospitals in Pune, Kolkata, Hyderabad and Delhi in FY26, plans to add about 1,500 beds in the next 12-18 months. This includes beds in the new hospitals as well as existing ones.“We think capacity is a strategically important lever… it will place us as the largest player substantially in terms of bed capacity.
17.05 / 09:27
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Realty group Sattva deepens premium hotel push amid travel boom
Subscribe to enjoy similar stories.Real estate developer Sattva Group plans to expand its hospitality business amid rising travel demand and higher consumer spending on premium experiences.The Bengaluru-based company, which has co-developed JW Marriott Hotel Kolkata and Novotel Kolkata Hotel and Residences, is building a wider hospitality pipeline spanning Bengaluru, Hyderabad, Visakhapatnam and Darjeeling.“We will invest 10-20% of our turnover into the hotel business going forward," Adrija Agarwal, president of Sattva Group told Mint. “We see hospitality as a serious asset class for us now.
16.05 / 05:45
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Emily Jacir is fulfilling desires of Palestinians in exile
Subscribe to enjoy similar stories.How do you become a vessel for the exiled? In an effort to take displaced bodies (back) to a land from which they have been banned, multimedia Palestinian artist Emily Jacir travelled to West Bank and Gaza between 2001 and 2003. Her American passport allowed her access to cities like Jerusalem, Haifa, Nazareth, Jericho, Ramallah, Bayt Lahia, the villages of Dayr Rafat and Dhinebeh, among other places.
16.05 / 03:03
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Sandip Roy: A century of wonders with David Attenborough
Subscribe to enjoy similar stories.When a British citizen turns 100, they get a message from the monarch. It’s a tradition dating back to 1917 when King George V started sending telegrams to congratulate citizens on landmark birthdays.But Sir David Attenborough is no ordinary citizen.
15.05 / 14:51
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Fuel price hike may raise farm input costs ahead of kharif sowing
Subscribe to enjoy similar stories.New Delhi: India’s latest fuel price increase is expected to raise cultivation and transportation costs across the farm sector ahead of the crucial kharif sowing season, potentially adding fresh pressure on food inflation in the coming months, according to farmers, economists and agriculture experts.Oil marketing companies on Friday raised petrol and diesel prices by ₹3 per litre as a surge in global crude oil prices was hurting their margins. Following the hike, diesel prices in New Delhi rose to ₹90.67 a litre, while rates in Kolkata and Chennai increased to ₹95.13 and ₹95.25, respectively.The development assumes significance as the agriculture sector accounts for nearly two-fifths of India’s annual diesel consumption of around 92 million tonnes.
08.05 / 08:39
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IndiGo, Air India push back against steep tariffs proposed at Navi Mumbai, Noida airports
Subscribe to enjoy similar stories.IndiGo and Air India have opposed proposed passenger charges by India’s newest airports, warning that higher tariffs would make flying more expensive and slow passenger traffic growth when domestic aviation demand is weakening.Adani-owned Navi Mumbai International Airport Ltd (NMIAL), which started operations in December, currently levies a user development fee (UDF) of ₹620 on domestic departures and ₹270 on arrivals. It has proposed increasing this by 20% in FY28 and 10% annually until FY31 for a net increase of 45% over five years.
05.05 / 03:55
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BJP’s Bengal win sparks rally in state-linked stocks, but can it last?
Subscribe to enjoy similar stories.The end of a 15-year political regime in West Bengal has rekindled investor interest in companies headquartered in the state, triggering a sharp rally in select stocks on expectations of a policy reset.On 4 May, the Bharatiya Janata Party (BJP) registered a watershed win in the 294-member assembly, unseating the Mamata Banerjee-led Trinamool Congress (TMC) and ending its 15-year rule.On the back of expectations of improved industrial policy clarity and faster clearances, shares of RP Sanjiv Goenka Group companies, Bandhan Bank, Emami Limited and others saw a sharp move in prices.However, analysts caution that the rally reflects anticipatory positioning rather than earnings visibility.“The market is largely anticipatory positioning, not earnings-led yet,” said Ajay Bagga, a market expert. “Any regime shift that improves industrial policy clarity and capex visibility can expand earnings multiples but sustainability depends entirely on execution, not sentiment,” Bagga added.Shares of Kolkata-based Bandhan Bank touched an all-time high of ₹212.5 on Monday, emerging as the top gainer in the Nifty Private Bank pack that day.As of FY26, West Bengal accounted for 24% of Bandhan Bank’s total loans and advances—the highest among all states.
03.05 / 10:45
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Soumya Sankar Bose's new work reflects on memories and moments from the end of life
Subscribe to enjoy similar stories.Soumya Sankar Bose’s new show We Need to Talk In Whispers at Experimenter, Ballygunge, in Kolkata is inspired by a journal he found on an overnight train journey from Howrah to Koraput. It seemed to be a curious “exploration of thanatology,” as the exhibition notes explain, a repository of “suicide notes” and “memories people hold on to in their final moments”.
03.05 / 08:07
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Four angry young women of Bengal speak out in Kabita Singha's debut novel
Subscribe to enjoy similar stories.Four angry women, in Bengali writer Kabita Singha’s eponymous novel, decide to go “out flying for a whole day” one winter in Calcutta (now Kolkata), most likely in the 1950s. Suman, Bulan, Renu and Chuni are fashionably bedecked as they walk from Dalhousie towards Park Street.
03.05 / 07:41
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How J.G. Ballard’s terrifying, prophetic vision of overheating cities and climate change is coming true
Subscribe to enjoy similar stories.On 27 April, when weather-monitoring platform AQI reported that 97 of the world’s hottest cities are in India, it felt like a ringing validation of the way I have been feeling since I set foot in my hometown a week ago to vote in the assembly elections.With temperatures crossing 30 degrees Celsius, the heat and humidity in Kolkata has been unbearable this April. If you are lucky to have the option of working from home, you could avoid the worst of the heat.
28.04 / 03:39
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Beauty brand WishCare in early talks to sell majority stake at ₹3,000 crore valuation
Subscribe to enjoy similar stories.Kolkata-based WishCare, known for its range of serums, sunscreens, and hair growth products, is exploring a majority stake sale that will value the brand at about ₹3,000-3,500 crore, three people familiar with the matter said.The company has appointed O3 Capital to help with the sale and several strategics and private equity funds will be tapped as part of the process, the people said on the condition of anonymity.“The deal is likely to attract a strategic buyer and feelers are expected to be sent to the likes of Marico, ITC and L'Oréal,” one of the people cited above said.India’s beauty and personal care (BPC) market, valued at $23 billion in FY25, is projected to touch $40 billion over the next four years, according to consultancy firm Redseer. Riding this surge in premium, science-led skincare demand, WishCare competes with fast-scaling brands such as Minimalist, Pilgrim, Dot & Key, The Derma Co, Arata, True Frog, Lotus Herbals and Auli Lifestyle across categories.Emails sent to WishCare, O3 Capital, Marico, ITC and L'Oréal did not elicit a response till the time of publishing.“The company clocked about ₹350 crore in revenue and ₹100 crore in Ebitda in the last financial year (FY26),” according to the second person.WishCare clocked about ₹200 crore in revenue in FY25 and has been profitable.At the upper end of the indicated valuation range, the deal would value the company at roughly 8–10x FY26 revenue and about 30–35x Ebitda, indicating strong investor appetite for profitable new-age beauty brands.Interestingly, L'Oréal is also evaluating the acquisition of personal care brand Innovist at a valuation of $350-400 million, Moneycontrol reported last month.
20.04 / 11:15
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Uttar Pradesh could act as a role model for a fiscal approach that eschews risk-raising populist budgets
Subscribe to enjoy similar stories.The Ganga mostly flows east-southeast across the Indo-Gangetic alluvial plains towards its mouth in Kolkata. As it approaches Varanasi in eastern Uttar Pradesh (UP), it encounters something unusual: an outlier of ancient Vindhyan sandstone that juts northward into the otherwise soft alluvial plain. The river cannot cut through this resistant rock as easily as through alluvium, so instead of continuing straight eastward, it deflects northward, running along the western flank of this Vindhyan rock ridge.
18.04 / 01:35
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E. Sreedharan: The man who tried to change how India moves
Subscribe to enjoy similar stories.A soft-spoken civil engineer with a fondness for early mornings and scriptures, Elattuvalapil Sreedharan appears to be an unlikely revolutionary.Yet few individuals have altered urban India as profoundly as he has. The label “Metro Man” barely captures the scale of his impact — especially in Delhi, where he didn’t just build a railway system, but helped change how a city thinks about movement, time and public space.When Sreedharan took charge of the Delhi Metro Rail Corporation in the late 1990s, the daily commute of a typical Delhite was a case study in hardship.
08.04 / 08:53
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'Chinamaxxing': Asia’s megacities should follow China’s lead in electrifying urban transport
For the emerging megacities of Asia, the oil crisis that spread out from the Strait of Hormuz is like the acute phase of a chronic condition. The largest migration in human history is filling their streets and alleyways to bursting point.Urbanization and births will add a billion more people between now and 2050. Jakarta and Dhaka, with 42 million and 37 million people respectively, have overtaken Tokyo at 33 million as the world’s biggest metropolises.
25.03 / 12:15
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The price of a day’s work: Inside India’s smouldering industrial death traps
₹950 a day during the peak season. He even helped his relatives and their friends—five people in all—enter the business, getting them work in the Anandapur facility a decade ago. Shaow eventually moved to take up work with another employer in 2024, but they stayed on.On 26 January, a massive fire on the premises gutted a unit owned by Pushpanjali Decorators and the adjacent one, owned by food chain Wow! Momo, killing at least 25 people, among them Shaow’s relatives and their friends.A preliminary investigation found serious lapses at the godown, which had been functioning without a fire clearance certificate.
24.03 / 08:05
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Mint Explainer: Can India become a global hub for biologic drugs? Here’s the plan
₹13,000 crore leap into the future of healthcare—shifting from mass-produced generics to cutting-edge “living medicines” grown from cells, alongside advanced chemicals.With blockbuster drug patents set to expire globally, Mint explains how the country plans to tap a $300 billion biologics opportunity.To handle the work of growing medicines from living cells, India plans to build three new national research institutes and upgrade seven existing ones, including major centres in Mohali, Ahmedabad, Hyderabad, and Kolkata.These centres will focus on training a specialized workforce to manage the high level of scientific skill required. Since making medicines from living organisms is much more difficult than a standard pill, this expertise is essential for everything from laboratory research to high-tech factory management and safety checks.India plans to set up 1,000 testing sites nationwide to rigorously evaluate safety and effectiveness.This is essential because biologics are fundamentally different from traditional drugs.
24.03 / 07:31
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Laser strikes near airports test India’s aviation safety net
(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.
20.03 / 11:43
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International
Solar cell manufacturer Jupiter International hires bankers for $300 million IPO
Jupiter International Ltd (JIL), a Kolkata-based homegrown solar cell manufacturer, has appointed bankers to help raise $300 million through an initial public offering (IPO), three people familiar with the matter said.The company has appointed IIFL, Axis Capital, Nomura and ICICI Securities, the people said, adding that the draft papers are likely to be filed in May. “The issue will be largely to raise primary capital to fuel expansion plans,” one of the people cited above said on the condition of anonymity.Jupiter, IIFL, Axis, and ICICI did not respond to Mint’s requests for a comment till the time of publishing.
11.03 / 12:21
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India turns the page: Publishing boom opens new chapter for books
₹2 crore over five days, excluding revenue from souvenirs and other merchandise. The estimated economic impact generated for hotels, transport services, restaurants, artisans and local businesses is pegged at ₹130 crore, according to KLF officials.It was not an isolated spike.
04.03 / 08:15
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Godrej Properties: Market-share push hinges on geographic diversification
two land acquisitions. It bought 11.36 acres in Gurugram, Haryana, with an estimated revenue potential of more than ₹4,500 crore, strengthening its exposure to the National Capital Region (NCR).
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