City New Delhi Financial News

New Delhi: With just a month left in the financial year, India has operationalized only four airports under its regional air connectivity scheme UDAN—the lowest number added in a single fiscal year since the programme began nine years ago.However, the civil aviation ministry denied that there was any loss in momentum in adding UDAN airports.UDAN (Ude Desh ka Aam Nagrik) was central to the government’s push to expand aviation beyond the large cities and make air travel accessible and affordable for everyone in the country. However, data submitted by the ministry of civil aviation in Parliament show that airport additions under UDAN have declined steadily after peaking early.Airports operationalized this year were those at Amravati in Maharashtra, Purnea in Bihar and Datia and Satna in Madhya Pradesh.

NEW DELHI: Global investors have a positive outlook on India because of a stable, enabling environment and a pro-business approach in emerging sectors such as artificial intelligence data centres and processing of rare earths and critical minerals, the Asian Development Bank said.The multilateral bank’s private sector investment operations in India, a key part of its global investment portfolio, will continue to go up in sectors including renewable energy and financing of micro, small and medium enterprises, Isabel Chatterton, ADB’s director general of private sector operations department, said in an interview. Microfinance, agriculture, skilling and affordable housing too are areas that ADB finances.A fifth of ADB’s global investments is in India.

When discussing Life Insurance Corporation of India (LIC) and penny stocks, it’s a classic case of ‘big money’ playing a very different game than the average retail investor.While LIC is famous for its blue-chip holdings, it actually maintains a long tail of low-priced stocks. However, low-priced stocks are sometimes not active buys but holdings that have eroded over years.Here are three penny stocks that LIC holds.

In November 2023, a few governments and technologists gathered at Bletchley Park to discuss artificial intelligence (AI), seeking to come to terms with the technology they were developing. The mood was sombre and fear was the dominant register.

The AI Impact Summit held last week brought many members of the global technology royalty to New Delhi. It also featured the launch of India’s first multi-billion parameter large language model, saw announcements of big investments in artificial intelligence (AI) infrastructure and ended with an international declaration on the need for democratic diffusion of AI. Venture capitalist Vinod Khosla set the cat among the pigeons by saying that AI may destroy the software services and business processing outsourcing businesses that are so important to the Indian economy.

New Delhi: How much chicory is in your coffee? If you’re not sure or don’t care, you will get to know starting in July, when the percentage of chicory will be displayed quite prominently on coffee powder packs.India’s apex food regulator wants to ensure that customers are aware of the volume of chicory in their preferred brew, according to two government officials and a document reviewed by Mint.In a major overhaul for beverage labelling, the Food Safety and Standards Authority of India (FSSAI) has finalized a new mandate requiring ‘prominent declarations’ on the front of the pack so that blended coffee is not mistaken for 100% pure coffee. Also, the font sizes of these declarations must be proportionate to the logo dimensions, with a 1 July enforcement date.Chicory is a popular additive that provides a darker colour and an earthy taste to the beverage.

NEW DELHI: India recently piloted peer-to-peer power trading that will enable consumers such as households, businesses and farmers who generate renewable energy to directly sell their surplus power to other consumers through digital protocols. Mint examines how digital public infrastructure under the India Energy Stack helps such transactions.Peer-to-peer (P2P) energy trading refers to the direct trading of power between consumers. Once implemented, it will allow households and entities that produce solar power through rooftop installations to sell their excess generation to other consumers.

New Delhi/Bengaluru: Embattled entrepreneur Bhavish Aggarwal-owned artificial intelligence venture, Krutrim, is being propped up almost entirely by business routed through venture-capital- and public-investor-backed Ola companies — raising fresh questions among experts over governance and the use of shareholder-backed resources to support a promoter-owned unit.Krutrim SI Designs Pvt Ltd, which Aggarwal set up through his family office in the summer of 2023, reported revenue from operations of ₹101.7 crore for the year ended March 2025, according to its financials filed with the ministry of corporate affairs. Of this, ₹90.8 crore or 90% of revenue came from two group entities: Ola Electric Mobility and ANI Technologies.Ola Electric Technologies Pvt Ltd, the wholly-owned subsidiary of Ola Electric Mobility Ltd, accounted for ₹23.87 crore, while Ola Cell Technologies Pvt Ltd, the other subsidiary of the listed company, brought in ₹2.29 crore, according to the review of the financials by Mint.

₹250- ₹270.Now let’s talk of the present. Today, India is the world’s fourth largest economy and is eyeing the number three spot. Our per capita income has crossed $3,000.

Subscribe to enjoy similar stories. New Delhi: A set of common initiatives and directives signed by India, the US, China and 83 other countries at the recently concluded India AI Impact Summit will shape global collaborations on artificial intelligence (AI) despite the agreement being non-binding in nature, said a top bureaucrat who spearheaded the declaration. On Saturday, the government released the New Delhi declaration that was signed by 88 entities, including the European Union (EU) and the International Fund for Agricultural Development (IFAD).

Subscribe to enjoy similar stories. New Delhi: India and the US have postponed talks on the proposed interim bilateral trade agreement following recent developments in Washington, including the US Supreme Court striking down the reciprocal tariffs imposed by President Donald Trump and the subsequent imposition of a new 15% universal tariff under Section 122 of the Trade Act of 1974.

Kati Patang Lifestyle, the maker of Saffron Lager and Bareilly Bold, is sharpening its focus on premium beers and preparing to enter the spirits business.Co-founder, Shantanu Upadhyay, speaking to Mint exclusively, said it is in advanced discussions to acquire a controlling stake in premium spirits brands and distribution networks, which could expand its addressable market from roughly $1-10 billion while improving margins.The company is also scaling up its UK presence as the BSE-listed brewer seeks to reposition itself as a lifestyle-led alcoholic beverage platform rather than a niche craft label. Kati Patang is also planning a real estate project under its name, which will house some hospitality projects.The decade-old New Delhi-based company, which listed last year through a share-swap with VirtualSoft Systems Ltd, has increased its stake in CHADKP Holdings Ltd, owner of Chadlington Brewery and The Tite Inn in Oxford, from 23% to 51%, gaining majority control within a year of its initial £300,000, or about ₹3.67 crore, investment.The company is also in advanced talks to enter the spirits business, given that a large share of alcohol consumption in India is in brown spirits such as whisky.

Subscribe to enjoy similar stories. NEW DELHI: As part of India’s playbook to diversify its critical mineral and rare earth supplies, India on Saturday inked a pact with Brazil.

Subscribe to enjoy similar stories. From India’s uneven export growth despite a sharp rise in shipments to several countries to the country hosting the first artificial intelligence (AI) summit, new Consumer Price Index (CPI) basket resetting the inflation measurement, merchants reporting higher sales due to the digital payment system, and a gauge of national pride sentiment—here’s a compilation of this week’s news in numbers. India’s exports rose 0.6% year-on-year to $36.6 billion in January 2026, the latest trade figures released on Monday showed.

New Delhi: Global tech giant IBM is sharply focusing on increasing its role in the Indian technology ecosystem, with a targeted three-year plan to offer generative AI-based services and integration especially for public services.In an interview with Mint, Ana Paula Assis, the company’s chairperson for Asia-Pacific, Middle-East and Africa, said IBM views India’s enterprise and public-sector use cases as large business opportunities.“The public sector is one of the biggest opportunities for deployment of AI. There’s no denying that AI is a transformational technology, but enterprises are so far not spending extensively on AI because they are still waiting and watching the technology.

Subscribe to enjoy similar stories. NEW DELHI: As India plans to set up 10 gigawatts (GW) of data centre capacity by 2030, demand for electricity is expected to surge. Mint explains how this will impact India’s power sector.

Subscribe to enjoy similar stories. New Delhi: With the growing number of complaints against the government’s automated testing stations (ATS) that assess vehicle fitness, the ministry of road transport and highways (MoRTH) is auditing the 178 ATS to check data bleeding and manipulation to reduce the number of unfit and end-of-life vehicles on Indian roads, according to two people aware of the development. “About 25% of all vehicle testing is now happening at ATS, and the next step is to ensure that the data is protected and not tampered with.

Subscribe to enjoy similar stories. Bengaluru/New Delhi: Tata Consultancy Services Ltd (TCS) and Infosys Ltd’s partnerships with OpenAI and Anthropic could prove a win-win for India’s under-pressure technology sector and the fast-growing artificial intelligence (AI) firms. The tie-ups echo earlier strategic pivots that powered expansion in enterprise software two decades ago and cloud services a decade later.

Subscribe to enjoy similar stories. NEW DELHI: The cost of deploying and running artificial intelligence (AI) applications is falling at an exponential pace, potentially making AI tools affordable at scale across India sooner than expected, according to Sam Altman, co-founder and chief executive of OpenAI, one of the world’s most valuable startups. Altman also dismissed the idea that companies like his would “kill" software and technology services firms, even as AI automates large parts of their core work.

Subscribe to enjoy similar stories. New Delhi: A few years back, a fertilizer manufacturer from India carried out an internal survey of farmers in the 40+ age group. A stark finding was that most farmers felt they were not going to bequeath a worthy asset, the plot of land on which they farm, to the next generation.

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.