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Shares of AWL Agri Business (formerly Adani Wilmar) are down 36% since 21 November after Adani group’s exit. The stock hit a 52-week low of ₹171.19 on 16 March, amid muted financials for the nine months ended December (9MFY26), which added to the pressure.But the worst may be over. Its March quarter (Q4FY26) business update reveals sales volumes grew by 13% year-on-year.

Subscribe to enjoy similar stories.New Delhi: Air India is cutting domestic and international capacity this summer, flying up to 5% fewer flights on domestic routes and nearly 40% less on international corridors compared with a year ago, as a depleted fleet, surging jet fuel costs, and war-related airspace closures squeeze the Tata Group carrier.The airline and its low-cost subsidiary Air India Express together offered roughly 9.24 million domestic seats in April and May, down from 9.71 million a year ago, even as India's largest carrier, IndiGo, expanded domestic capacity 6% to 23.04 million seats and newcomer Akasa Air grew 9% to 1.63 million seats, according to data from aviation analytics firm OAG reviewed by Mint. Seats are a measure of capacity for airlines.The move reflects pressures that analysts say have pushed Air India's network strategy into what one expert calls ‘survival mode’.

Subscribe to enjoy similar stories.Mumbai/New Delhi: Air India posted an estimated loss of nearly $3 billion in FY26, as foreign exchange losses, airspace disruptions and elevated fuel costs battered the Tata Group-owned airline during the year.The losses were large enough to significantly erode the dividend income parent Tata Sons earned from its cash cow Tata Consultancy Services (TCS) in the previous fiscal year.According to the full-year earnings released by Singapore Airlines (SIA) on Thursday, the carrier’s share of losses from Air India were at Singapore $945.2 million (US$742.4 million) in FY26, reflecting its 25.1% stake in the Tata Group-owned airline.With currency conversions factoring in Thursday's exchange rates, as per this shareholding, Air India Group’s total loss for the year is estimated at S$3.76 billion ($2.97 billion), or roughly ₹28,400 crore, at current exchange rates.To be sure, Tata Sons and employees own 74.9% of Air India, and hence its share of the losses would be about ₹21,270 crore, while the remaining 25.1% is being recognized by SIA.Tata Sons received about ₹28,292 crore in dividend income from TCS in FY26, down 12.1% from ₹32,184 crore in FY25, according to a Mint report published on 12 April.Tata Sons is expected to share its financial performance in July, while privately-held Air India will file its earnings with the ministry of corporate affairs in August.The estimated loss, which includes both full-service carrier Air India and low-cost subsidiary Air India Express, is almost three times the ₹10,859 crore loss reported in FY25, largely due to foreign exchange losses—as aircraft leases, fuel and maintenance expenses are denominated in US dollars—along with the financial impact of the

Subscribe to enjoy similar stories.“We are thinking of moving to Dubai. Know any good brokers?” That question used to pop up regularly in 2025 on cross-Arabian Sea phone calls to residents of the city-state from India.

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Subscribe to enjoy similar stories.MUMBAI: Investors are beginning to finance commercial lawsuits in India in exchange for a share of future settlements or court awards, as litigation funding— a niche alternative asset class long established in some global markets—starts to take shape locally.At least three entities, including alternative investment fund (AIF) Five Rivers, New Delhi-based LegalPay, a litigation funder, and Singapore-based ELF Partners, a litigation finance consultancy, are active in the space, marking early institutional entry into what is also known as third-party funding (TPF).Five Rivers, a Mumbai-based AIF, is in talks with investors to close its first fund of $25-50 million,according to Irfan Mughal, the managing director of Five Rivers. It positions itself as the first dedicated fund of its kind in India, offering investors exposure to returns linked to outcomes in commercial disputes.

Subscribe to enjoy similar stories.MUMBAI: Private equity firm Everstone Capital has acquired Germany-based industrial equipment maker Qlar Group from Blackstone, the companies said in a statement on Thursday.While the companies did not disclose financial details, the transaction is estimated to be worth $150-200 million, including equity and debt, according to a person familiar with the matter.The acquisition underscores Singapore-based Everstone’s push to back global manufacturing and engineering businesses with significant operations in India and Asia. Qlar derives about 25% of its revenue from India, the person said.“Qlar is a differentiated industrial technology platform with a strong global footprint and deep engineering capabilities,” said Avnish Mehra, vice chairman, private equity at Everstone Capital, adding that the company’s operations in India and Asia position it to benefit from competitive manufacturing and proximity to high-growth markets.“We see a clear opportunity to build on these strengths, supported by our cross-border experience and network, to drive disciplined and sustainable growth,” he added.Everstone said it will partner with Qlar’s management team to strengthen market access and commercial capabilities while expanding the company’s portfolio of lower-carbon and circular material-processing solutions.

Subscribe to enjoy similar stories.The surging shares of US chipmakers such as Intel and Micron point to a deeper shift in artificial intelligence (AI). First, the narrative is moving from a speculative buzz around AI models to hard spending on the infrastructure that powers them. Second, big money is flowing into computing power and memory, the choke points of the AI economy.

Subscribe to enjoy similar stories.Facebook founder Eduardo Saverin's venture capital firm B Capital is looking to increase its exposure in India by investing in deeptech, artificial intelligence and energy transition sectors, according to a top executive.“We want to try to deploy $50 million to $100 million in India on an annual basis,” Karan Mohla, general partner at Singapore-based B Capital, said in an interview with Mint. “We see India as our primary market after the US.”The 10-year-old firm invested in global enterprise tech in its initial five years and in consumer tech over the next two to three years.

Subscribe to enjoy similar stories.China escalated its fight against the U.S. over Iranian oil, defying American sanctions in a show of resistance ahead of President Trump’s visit to Beijing planned for next week.Beijing has typically been wary of being seen to openly violate U.S. sanctions, even as privately run Chinese refiners, known as “teapots,” buy nearly every barrel of oil Iran exports.But China’s Commerce Ministry on Saturday told companies not to comply with the U.S.’s blacklisting of several Chinese refineries over alleged purchases of Iranian oil, invoking for the first time a 2021 “blocking rule” designed to counteract foreign laws it believes violate international norms or restrict trade.“It sends a broader message that China is willing and can resist what it views as unilateral and unfair sanctions that hurt Chinese interests,” said Dylan Loh, a professor at Singapore’s Nanyang Technological University who studies China’s foreign policy.The U.S.

Subscribe to enjoy similar stories.Mumbai: Milky Mist has raised about ₹482 crore in a pre-IPO round led by Singapore-based Temasek’s subsidiary Jongsong Investments Pte. Ltd, the dairy product maker said in a statement on Monday.The fundraise comprises a primary capital infusion of about ₹357 crore and a secondary share sale of about ₹125 crore ahead of the company’s proposed initial public offering (IPO) later this year.As part of the primary issuance, Milky Mist allotted 5,43,789 equity shares at ₹139.76 per share, aggregating about ₹7.6 crore.

Subscribe to enjoy similar stories.IT TAKES ONLY a brief chat with the organisers of Black Hat Asia to realise this is no ordinary conference. Whereas most professional get-togethers invite their guests to piggyback on the hotel Wi-Fi, Black Hat builds the network for its annual conferences in Las Vegas, London and Singapore from scratch, installing switches, access points, firewalls and monitoring sensors before the conference opens.

Subscribe to enjoy similar stories.Meta Platforms is preparing to have to unwind its acquisition of the artificial-intelligence startup Manus after China banned the transaction on national-security grounds Monday, according to people familiar with the matter.Meta bought Manus, a China-linked, Singapore-based startup that specializes in building AI agents, in December for $2.5 billion, and quickly moved to integrate the new technology into its systems. Any attempt to undo the acquisition would mean disentangling the two.In another complication, Manus’s investors, which include California-based venture-capital firm Benchmark, have already received their returns, people with knowledge of the matter said.Meta garners significant revenues from Chinese advertisers who target consumers outside China, despite Facebook and other Meta apps being blocked in the country.Several former Manus investors in Asia, including Tencent, HSG and ZhenFund, have planned to cooperate if Meta goes ahead to unwind the deal, some of the people said.Beijing has handed the two companies a preliminary deadline of several weeks to unwind the deal and fully restore Manus’s Chinese assets to their original state, some of the people said.

Subscribe to enjoy similar stories.MINING A CRYPTOCURRENCY can be an expensive business. Producing new coins, also known as tokens, can require computers to solve cryptographic puzzles, which takes large amounts of power. One way to keep costs down is to relocate mines to wherever electricity is cheapest.

Subscribe to enjoy similar stories.If the Iran War has taught us nothing else, it’s that weaponizing shipping routes is now the military move du jour. That has rightly turned attention to the Taiwan Strait, but in this era of intense US-China rivalry, the Strait of Malacca is just as important.The shipping route—which carries roughly 40% of global trade and around 80% of China’s imported oil—has long been regarded as vulnerable to disruption. Southeast Asia’s divisions will make any crisis much harder to contain.

Subscribe to enjoy similar stories.MUMBAI: Singapore-based private equity firm Everstone Capital will invest close to $270 million for a significant stake in Apothecon Group, which includes India-based Apothecon and US-based Navinta, it said in a statement on Tuesday.The combined platform is a regulated-markets-focused speciality formulations business with in-house formulation capabilities and captive active pharmaceutical ingredient (API) manufacturing. It has a diversified commercial presence across the US, Europe and other international markets.Apothecon was founded in 2003 by industry veterans Mahendra Patel, former chief scientific officer at Sandoz and co-founder of Invamed (later acquired by Sandoz), and Joe Renner, former chief operating officer of Sandoz and chairman of Zydus US.

Subscribe to enjoy similar stories.President Trump is pitching a U.S. naval blockade of the Strait of Hormuz as an opportunity for American oil-and-gas exporters. The squeeze on supplies is a bad omen for prices at the pump.The U.S.

Subscribe to enjoy similar stories.A combustible mix of policymaker FOMO, industry self-interest and parental anxiety about the future of work is fuelling Asia’s push to introduce AI into classrooms at ever younger ages. The result risks turning a generation of developing minds into guinea pigs, while gains flow not to students, but to tech companies.You don’t have to be a Luddite to see the problem: AI’s inherent promise is convenience, while learning requires effort. Those aims are fundamentally at odds.

NEW DELHI: India is moving to position its QR (Quick Response) code-based payment system on the global stage. The Bureau of Indian Standards (BIS) has introduced fresh norms covering biometric authentication, QR code-based payments and digital currency security to reduce fraud risks and enhance interoperability according to two people aware of the development.The move is intended to strengthen safeguards in India’s rapidly expanding digital financial ecosystem and build confidence among developed economies, where QR code payments are still a novelty, the people said.The rapid expansion of digital payments, biometric-based authentication systems and QR code transactions in India has raised concerns over fraud, identity theft, data misuse and vulnerabilities in the digital payment infrastructure.

Mint, Irani said pockets of the market continue to offer value despite headline premiums. Even though smallcaps are quoting at a slight premium to largecaps, on a price-to-earnings-growth (PEG) basis, the ratio is almost half that of largecaps.

Mint independently could not ascertain when Wilson’s notice ends, or whether the Tata Group has found a successor to steer the airline. An email sent to Air India seeking comment went unanswered.The Tata Group had hired Wilson from Singapore Airlines’ low-cost unit Scoot in May 2022, less than four months after the conglomerate acquired the government-run airline for ₹18,000 crore.