City Mumbai Financial News

19.02 / 08:39

Research community students Universities country social travelers Kaushik Basu: India brims with talent and promise but there seems no escape from politics and pollution

Last month, I travelled across India— listening, observing and taking stock. While the journey was energizing and often inspiring, it left me with an open question: Where is the world’s most populous country headed? My trip began in West Bengal’s Purulia district, a relatively poor region marked by beautiful landscapes of lakes and rolling hills, some crowned with small ancient temples. Purulia’s population is a mosaic of cultures and tribal communities.

18.02 / 12:43

markets UPS Manufacturing Strategy Mobile ICE International Steel, paint, power and cars: Inside JSW’s ‘Chaebol-style’ strategy to disrupt the auto market

Subscribe to enjoy similar stories. New Delhi/Mumbai: In December 2024, industrialist Sajjan Jindal declared that steelmaker JSW would soon have its own automobile brand. “Our idea is not to be an outpost of a Chinese company to sell products in India," Jindal told the Financial Times.

18.02 / 10:13

markets COST Target security Research Cycling reports RBI rate cuts have failed to ease bond yields. Liquidity tools may be next

Subscribe to enjoy similar stories. MUMBAI: The Reserve Bank of India may have delivered a cumulative 125-basis-point cut in the repo rate since February 2025, but financial conditions have failed to ease in ways typically associated with monetary loosening. With the rate-cut cycle now widely expected to pause, the central bank is likely to rely increasingly on liquidity measures to ease conditions instead, economists said.

18.02 / 08:41

Digital Manufacturing Platform Enterprise Research reports AI in Indian companies: Your next boss might be a chief AI officer.

Subscribe to enjoy similar stories. MUMBAI : Across Indian organizations, artificial intelligence (AI) has moved from pilot projects to the corner office.

18.02 / 07:31

markets UPS Racing Research beautiful reports Indian men’s luxury fragrances race ahead of mass brands

Subscribe to enjoy similar stories. MUMBAI : The business of smelling good is now booming in India, thanks to men. Sales of premium and luxury perfumes are rising steadily, with men emerging as the biggest growth drivers in the category, according to industry executives and data shared with Mint.

18.02 / 07:31

markets Citi Digital Mobile Dreams rights Owning India’s real estate one square foot at a time with ease: Alt DRX's Avinash Rao

Subscribe to enjoy similar stories. Imagine owning a piece of a luxury apartment in Mumbai or a high-yield property in Pune with the same ease as buying a sachet of shampoo or a plate of dosa. This vision of "miniaturizing" wealth was in the spotlight at the Mint Money Festival 2026, held on 14 February in Mumbai.

18.02 / 00:53

markets Citi Target Booking Platform Align Sustainability Stable Money raises $25 million led by Peak XV, targets tier-2 expansion

Subscribe to enjoy similar stories. MUMBAI: Stable Money, an Indian platform allowing users to book fixed-income assets, has raised $25 million in a pre-Series C funding round, valuing the Bengaluru-based fintech startup at $175 million, at a time when Indian fintechs are under pressure to build more sustainable business models Peak XV Partners led the all-equity round with a $20 million investment, Saurabh Jain, co-founder of Stable Money, told Mint. Existing backers Z47, RTP Global, and the Fundamentum Partnership, co-founded by Infosys Ltd chairman Nandan Nilekani, also participated.

18.02 / 00:53

markets Provident Career Strategy BlackRock show Co-founder Gubbi leads Marcellus foray into MFs as it looks beyond ultra HNIs

Subscribe to enjoy similar stories. Marcellus Investment Managers Pvt. Ltd's co-founder Pramod Gubbi is said to be helming the firm's foray into India’s ₹81 lakh crore mutual fund industry, according to two people familiar with the matter.

18.02 / 00:23

markets Provident wellness 2020 reports rights International SBI mulls raising stake in investment banking JV to 51% amid capital market boom

Subscribe to enjoy similar stories. Mumbai: The State Bank of India is weighing a plan to take control of its investment-banking joint venture (JV) with Investec India, according to two people familiar with the matter. The move comes as India’s largest lender seeks to strengthen its deal-making and distribution capabilities in the midst of a multi-year boom in the country’s equity capital markets.

17.02 / 11:47

markets COST UPS security Trade country Prop brokers' index options market share surges in FY26

Subscribe to enjoy similar stories. MUMBAI : Proprietary traders, whose cost of capital is set to rise sharply under the banking regulator's new funding directives on capital market exposure, posted a significant increase in market share in the popular index options space. Their gross market share based on premium turnover jumped by 230 basis points (bps) year-on-year to 49.5% in the nine months through 2025-26, according to data sourced from the country's largest stock exchange, National Stock Exchange of India Ltd (NSE).

17.02 / 08:51

markets Digital DNA social reports Financial DNA: Why your credit score is the new social currency

Subscribe to enjoy similar stories. Credit score has evolved into a vital part of an Indian’s digital “DNA". That was the central message from Ramkumar Rajashekaran, whole-time director of CRIF Highmark, at the Mint Money Festival 2026.

17.02 / 05:57

markets FIVE economy NVIDIA Cycling country patient Next trillion dollars of India’s mcap could create more wealth than the last: Raamdeo Agrawal

Subscribe to enjoy similar stories. Raamdeo Agrawal, co-founder of Motilal Oswal Financial Services, says the next trillion dollars of India’s market capitalization could create more wealth than the last. Drawing on decades of market cycles, the ace investor, speaking at the Mint Money Festival on 14 February in Mumbai, argued that compounding on a larger base, deeper participation and improving corporate profitability could make the coming decades disproportionately rewarding for patient investors.

17.02 / 00:57

COST UPS Target Digital Booking Interviews IIFL Finance won't go all-out on gold loans next fiscal

Subscribe to enjoy similar stories. Mumbai: IIFL Finance Ltd will be conservative in expanding its gold loan book in the next financial year starting 1 April, as founder Nirmal Jain flagged risks to its largest growth driver from evolving regulations after a sharp surge in the prices of the precious metal. “...this risk is real and gold prices can be volatile.

16.02 / 09:55

markets love shooting Lexicon show Relationships Vijay Kedia’s Valentine’s Day masterclass: From ‘situationships’ to stock market discipline

Subscribe to enjoy similar stories. At the Mint Money Festival 2026, held on 14 February at the NSE Atrium in Mumbai, ace investor and proud Boomer Vijay Kedia delivered a Valentine’s Day masterclass that blended wit with hard market truths. Drawing parallels between Gen Z’s complicated dating lexicon and the volatile world of stocks, Kedia decoded investing through terms like “situationship," “breadcrumbing," and “ghosting." The takeaway: whether it is the heart or the portfolio, commitment and clarity determine outcomes.

16.02 / 08:39

markets FIVE Research voice social information Relationships Your toughest investment opponent is yourself: Bajaj Finserv MF's Ganesh Mohan

Subscribe to enjoy similar stories. It was a counterintuitive message that Ganesh Mohan, managing director of Bajaj Finserv Mutual Fund, delivered to a hall of eager investors at the Mint Money Festival 2026. Speaking on 14 February at the NSE Atrium in Mumbai, Mohan focused not on markets or products, but on a relationship that often damages both confidence and capital – the one between investors and their own minds.

16.02 / 08:39

markets Provident Cooper security Parke Headlines Beyond FDs: How to build a diversified fixed-income portfolio

Subscribe to enjoy similar stories. Fixed income rarely grabs headlines, though it anchors most Indian portfolios. Fixed deposits (FDs), corporate bonds and certificates of deposit (CDs) may seem dull compared to equities, but they play a critical role in stability, cash flow and capital protection.

16.02 / 06:03

markets Strategy ICE AGRO reports Interviews Post-HUL demerger, Kwality Wall's aims to become a ‘snacking’ firm

Subscribe to enjoy similar stories. MUMBAI: As Kwality Wall’s (India) prepares for life after Hindustan Unilever, the ice-cream seller plans to become a year-round ‘snacking’ company, leading that change, top executives told Mint. “We are leading the shift of ice-cream, moving from a leisure snack or a leisure dessert to an everyday frozen snack.

16.02 / 04:51

UPS Manufacturing Strategy Hyundai wellness Interviews International JSW MG Motor bets on a $400 million offensive for new products, capacity

Subscribe to enjoy similar stories. NEW DELHI : JSW MG Motor India Ltd will invest about $400 million over the next four years to nearly triple its manufacturing capacity and accelerate its electric and hybrid vehicle push, managing director and chief executive Anurag Mehrotra told Mint in an interview. The Gurugram-based carmaker—a joint venture between Mumbai-headquartered JSW Group and China’s SAIC Motor—plans to expand capacity at its Halol plant in Gujarat from around 110,000 units annually to over 300,000 units in the next 12 to 18 months.

16.02 / 02:05

markets UPS Target security Research audience ₹20 crore and still not enough? Rethinking retirement planning

Subscribe to enjoy similar stories. Retirement planning has always been about one deceptively simple question: how much is enough? Yet in today’s world of rising lifestyles, volatile markets and longer life spans, that question feels more intimidating than ever. At the Mint Money Festival in Mumbai, Aarati Krishnan, head of advisory at PrimeInvestor, unpacked the numbers and the anxieties around retiring comfortably.

16.02 / 01:11

UPS Citi Digital Platform RAI Schools Private banks up the ante on campus hiring in hunt for niche, tech expertise

Subscribe to enjoy similar stories. MUMBAI : The banking hiring cycle has turned, as India’s top campuses are feeling the momentum again and premier engineering and business schools are humming. In the hushed corridors of the Indian Institute of Technology (IIT) campuses and the polished atriums of top business schools, recruiters from private lenders and foreign banks are back in force, testing and interviewing candidates, and handing out offer letters to the best fits.

16.02 / 01:11

markets UPS Provident Platform security Enterprise performer AI firm Neysa to raise $1.2 billion from Blackstone, others in debt-equity mix

Subscribe to enjoy similar stories. Mumbai: Global private equity firm Blackstone, along with other investors, has acquired a majority stake in India’s artificial intelligence (AI) cloud platform Neysa as the company seeks to raise $1.2 billion in a mix of debt and equity to fund its expansion plans. The company has raised $600 million in equity capital, and Neysa is seeking to secure an additional $600 million in debt financing led by Blackstone.

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