City Mumbai Financial News

15.02 / 13:17

FIVE security Sustainability Cycling track audience Why you shouldn't make investment decisions based on tax incentives

Subscribe to enjoy similar stories. At the Mint Money Festival in Mumbai on 14 February, an audience poll revealed that people are more concerned with the Union Budget creating jobs and improving the government’s fiscal health than delivering tax breaks. Monika Halan, founder of Dhan Chakra Financial Education, decoded Budget 2026 for households to explain what really matters for jobs, taxes, investments and long-term financial security.

14.02 / 01:59

markets UPS Progressive wellness Interviews Biocon nears full integration of biologics business after Mylan buyback

Subscribe to enjoy similar stories. MUMBAI : Biocon Ltd is close to completing the integration of its subsidiary Biocon Biologics Ltd (BBL) with itself, after making progress last quarter on buying back the minority stake, Biocon Biologics' chief executive officer (CEO) Shreehas Tambe said on Friday. The Bengaluru-based company on 14 January said it raised ₹4,150 crore ($460 million) through a qualified institutional placement (QIP) of shares to buy out Mylan Inc’s (Viatris) stake in the subsidiary.

13.02 / 13:41

markets COST UPS Provident Aware PSU banks eye infra bond issuances, await softer yields

Subscribe to enjoy similar stories. MUMBAI : State-run lenders, including Canara Bank, Bank of Baroda, Bank of Maharashtra and Bank of India, are preparing to tap the debt market through infrastructure bonds in early March, but are holding off the issuances as they wait for borrowing costs to ease, three debt merchant bankers aware of the discussions told Mint.

13.02 / 12:01

markets Target CEO Platform security Software Trade NCDEX taps TCS to build equities platform, targets cash launch by 2026

Subscribe to enjoy similar stories. MUMBAI: India’s largest farm derivatives exchange, National Commodity & Derivatives Exchange Ltd (NCDEX), has appointed Tata Consultancy Services (TCS) as its technology vendor, as the bourse prepares to enter the equities market. India’s largest software exporter will build the IT systems required for NCDEX to launch an equity cash segment by the end of 2026 and an equity derivatives segment by March 2027.

13.02 / 07:47

UPS Citi Citizens Waters Election country reports India’s booming economy can’t fix its cities—because no one’s in charge

Subscribe to enjoy similar stories. India is getting richer every year, but its cities don’t seem to be getting any more livable. Not because the country is too poor, or because leaders lack ambition, but because urban citizens are starved of funds and deprived of representation.

12.02 / 11:51

Citi Enterprise Parke Metro Food Traffic Interviews Airport shopping spree: High-spending passengers are making Adani's airports richer than ever

Subscribe to enjoy similar stories. Mumbai: With affluent flyers buying food, chocolates, perfumes and duty-free liquor, Adani Airport Holdings Ltd made more incremental income from its non-aeronautical business than from its mainstay of managing air traffic during the first nine months of FY26. Aero income of the Adani Group company, which is the biggest private airport operator, grew by over a fifth year-on-year to ₹3,495 crore during the first nine months of FY26.

12.02 / 08:01

markets COST UPS Strategy Trade show India backs carbon capture push to shield steel exports from EU carbon tax

Subscribe to enjoy similar stories. MUMBAI/NEW DELHI: The Centre plans to financially support carbon capture technology for India’s steel sector, betting on it as a practical way to cut emissions while protecting exports from the European Union’s (EU) upcoming carbon tax. The Union budget for FY27 has allocated ₹20,000 crore for carbon capture, a move expected to benefit steelmakers the most.

12.02 / 06:27

UPS Citi Metro travelers Schools Colleges New income-tax rules may revive interest in old regime for high-income salaried taxpayers

Subscribe to enjoy similar stories. As part of the Income Tax Rules, 2026, notified last week, the government has proposed three key changes that may tilt the needle towards the old tax regime again. First, the children’s education allowance exemption is to be increased sharply from a token ₹100 per month per child to ₹3,000 per month per child.

12.02 / 00:35

UPS Platform Healthcare hospital patient Interviews W Health Ventures to take bigger, bolder bets in healthcare: Pankaj Jethwani

Subscribe to enjoy similar stories. MUMBAI : Early-stage healthcare-focused venture capital firm W Health Ventures is looking for bolder bets with its second fund, building companies from the ground up in areas like oncology, longevity, and chronic pain management, managing partner Pankaj Jethwani told Mint in an interview. The firm on Thursday announced the initial close of its Fund II at ₹550 crore, aiming for ₹630 crore.

11.02 / 12:09

markets COST Target Platform Strategy Healthcare testing Velumani’s second coming: Why the Thyrocare founder wants a bite of the crowded dental market

Subscribe to enjoy similar stories. Mumbai: On most Saturdays, between the whir of drills and the shuffle of patient files in a busy suburban Mumbai dental clinic, you might find a 66-year-old entrepreneur bent over a whiteboard, talking unit economics instead of molars. A.

11.02 / 11:05

markets Booking Manufacturing security Trade show country How Waaree protected its solar panel exports from US tariffs while Adani faltered

Subscribe to enjoy similar stories. Mumbai: Smart supply-chain manoeuvres and assembling in the United States helped India’s top solar panel exporter Waaree Energies maintain its lucrative trade with the country in the face of steep 50% tariffs on India, even as the exports of its main domestic rival Adani New Industries Limited faltered. Waaree sourced solar cells, the building blocks of solar panels, from suppliers in Southeast Asia to escape the crippling tariffs levied on India, the company’s management said during recent investor calls, as the US tariffs on solar panel imports are levied based on the country of origin of the solar cells rather than the country where the panels are assembled.

11.02 / 06:57

markets UPS security Trade track reports Excise hike lights up margin, illicit trade risks for cigarette stocks

Subscribe to enjoy similar stories. MUMBAI: A recent excise duty hike on cigarettes has rattled tobacco stocks, with investors bracing for margin pressure, potential volume erosion and a possible surge in illicit trade, even as underlying demand remains sticky. An additional excise duty on cigarettes and other tobacco products, over and above the highest 40% goods and services tax (GST) rate, took effect on 1 February.

11.02 / 06:57

markets UPS IPO Platform composer reports rights Rapido founders shed 'promoter' tags for IPO, joining a growing trend among new-age firms

Subscribe to enjoy similar stories. MUMBAI: The three co-founders of ride-hailing platform Rapido—Aravind Sanka, Pavan Guntupalli and Rishikesh S R—have shed their promoter tags, with the company's board approving a proposal in August last yearto reclassify them as non-promoter shareholders, according to a regulatory filing reviewed by Mint.

11.02 / 04:53

FIVE Airlines Cycling exclusive reports Traffic International FedEx, DHL JV to fly cargo from Navi Mumbai ahead of Mumbai freighter shutdown

Subscribe to enjoy similar stories. Five foreign freighters, including FedEx and a DHL joint venture, are expected to begin operations at Navi Mumbai International Airport (NMIA), from May, two cargo officials familiar with the matter told Mint. This comes nearly three months before cargo-carrying planes temporarily cease operations at Mumbai International Airport from 1 August.

10.02 / 12:13

markets UPS Citi Parke wellness country Destinations Residential real estate: Decoding why 500075 in Hyderabad is India’s bestselling pincode

Subscribe to enjoy similar stories. Hyderabad: Giant mounds of broken black stones and rocks, typical of the Deccan Plateau region, lie by the side of the eight-lane Nehru Outer Ring Road in Hyderabad. The tips of tall towers that are being built and yellow construction cranes are visible from afar.

10.02 / 07:29

COST Waves Align wellness Trade electronic International India’s flurry of trade deals will need climate-resilient ports to justify today’s wave of export optimism

Subscribe to enjoy similar stories. India’s flurry of trade deal-making with the UK, EU, US and others has revealed a push for strong export growth. Tariff barriers are coming down, standards are being aligned and new sectors from electronics to renewables are being positioned for global integration.

10.02 / 04:09

Citi Entertainment Mobile economy show concert travelers Orange is the new black: Why India is betting big on the ‘orange economy’

Subscribe to enjoy similar stories. The economic survey and the budget underscored the importance of India’s “orange economy", explicitly acknowledging its potential as an engine of growth. Budget 2026 proposed an outlay of ₹250 crore for talent development in the animation, visual effects, gaming and comics (AVGC), which can be classified as “orange economy" sectors.

10.02 / 00:35

markets Action security Research Trade students reports Jane Street continues with its IIT hirings amid regulatory imbroglio

Subscribe to enjoy similar stories. NEW DELHI/MUMBAI : Even as it battles India’s market regulator, high-frequency trading (HFT) firm Jane Street has made its presence felt at the country's top institutes with marquee offers. The firm has hired students from Indian Institute of Technology (IIT) campuses and could once again emerge as their highest-paying recruiter.

10.02 / 00:35

markets COST security wellness Labrador reports testing From Canada to Gadchiroli: Inside Tata Steel’s race to secure raw material after it loses legacy mines

Subscribe to enjoy similar stories. MUMBAI , NEW DELHI : For years, iron ore was one thing Tata Steel never lost sleep over. Owning captive mines meant predictable supply, stable costs and a structural edge over rivals who depended on expensive mines acquired through auctions or remained at the mercy of the markets.

10.02 / 00:35

UPS Platform pandemic track hospital reports Samara Capital closes second fund with SMS Facility's sale to Norwest-backed SILA Solutions

Subscribe to enjoy similar stories. MUMBAI: Samara Capital has wrapped up its second fund with the sale of portfolio company SMS Integrated Facility Services to larger peer SILA Solutions Pvt Ltd, backed by Norwest Venture Partners, a top executive at the private equity firm said. The deal values SMS at an enterprise value of close to ₹275 crore.

10.02 / 00:31

markets COST Digital Aware Healthcare prevention Vaccines HPV vaccines gain traction in India, though cost keeps reach limited

Subscribe to enjoy similar stories. Bengaluru/Mumbai: India’s HPV vaccine market is seeing a clear revival after years of low uptake, with digital health platforms and private healthcare providers reporting a sharp rise in demand amid growing awareness of cervical cancer prevention. On PharmEasy, a digital-first diagnostics and pharmacy company backed by Prosus and Temasek, HPV vaccines now account for nearly 25% of total vaccine sales, making it one of the fastest-growing segments within its preventive healthcare portfolio.

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