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Subscribe to enjoy similar stories.The Strait of Hormuz chokehold inflames oil prices and causes jitters in India. In a seeming upturn, the Iranian ambassador to India met journalists on 13 April to say there is continual engagement with the Indian government. He is also reported to have said no Indian ships had been charged for passage through the strait.

Subscribe to enjoy similar stories.New Delhi: In 1973, Arab nations declared an embargo on oil production, leading to a global energy crisis. Prices quadrupled overnight. And some governments suddenly remembered ethanol.

₹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.

Subscribe to enjoy similar stories. Energy stocks have delivered solid returns over the past year, with NTPC among the steady performers. Over the last 12 months, NTPC shares have risen about 17%, climbing from ₹310 on 10 February 2025 to around ₹365.

Subscribe to enjoy similar stories. India has secured lower tariffs from the US with the first phase of a bilateral trade agreement, but details shared last week, especially by Washington and President Donald Trump, have raised questions about the deal’s sustainability. Three issues sit at the core: Can India realistically buy $500 billion worth of US goods over five years? Has it committed to halting oil imports from Russia? And does the deal shield India from future tariff hikes or trade restrictions? Each of these questions highlights the gap between the deal’s promises and the practical challenges ahead.

Subscribe to enjoy similar stories. The world has not experienced such high uncertainty as today since World War II ended 80 years ago. Can India sustain the high economic growth that it has maintained since the pandemic under such conditions—or even strengthen its growth potential? This is the central theme of the Economic Survey 2025-26 released on Thursday.

Subscribe to enjoy similar stories. The pall of gloom around India’s outsourcing industry, a $200 billion-plus exporting powerhouse, was lifted overnight by Infosys. After the company raised its full-year sales forecast, investors took optimistic commentary from management as a sign that large client orders are coming back.

In 2026, artificial intelligence (AI) won’t just be something companies talk about in press releases. It will become part of how everyday work gets done. Instead of being tested in small pilot projects or used in flashy demos, AI will be built into the core of how businesses operate.

₹5 and ₹10, even as ₹1 candies continue to dominate the market. The shift is part of the company’s effort to balance its portfolio in a candy market still heavily skewed toward ultra-low-value purchases.Nearly 70% of Perfetti’s business in India comes from the ₹1 segment, which dominates small mom-and-pop stores and drives the bulk of category sales. The company plans to increase the share of its ₹5-and-above portfolio from about 30% over the next three to four years; this number stood at just 7% in 2019.

Can India’s insurance sector help mobilize more long-term capital? How much of a difference will the Centre’s proposal of raising its foreign direct investment (FDI) cap to 100% from 74% make? The sector was opened up to foreign insurers via joint ventures (JVs) in 2000, but state-run LIC’s dominance remains mostly intact. After the FDI cap was lifted to 74% in 2021, a few foreign insurers raised their stakes in JVs and we saw one new entry.Full ownership would mean no local partner can block key plans, so those stakes might rise further.

Subscribe to enjoy similar stories. US President Donald Trump announced sweeping reciprocal tariffs on its trading partners on 2 April, a move aimed at reducing the country’s dependency on foreign products amid its ballooning trade deficit. Trump announced a 26% tariff on imports from India, effective 9 April.

Subscribe to enjoy similar stories. The decade ending 2023-24 shows an interesting trend of a distinct decline in the contribution of manufacturing to India’s overall story of economic growth. While it may not exactly be called ‘de-industrialization,’ given the high level of sophistication we have reached in terms of the spread and quality of products, a grand shift to services is discernible and may prove quite challenging to reverse.

Anand Mahindra has once again highlighted an inspiring Indian success story, demonstrating how small-town entrepreneurs are emerging as global business powerhouses. In a recent tweet, the Chairman of Mahindra & Mahindra shared a video showcasing Morbi, a town in Gujarat, and its dominance in the ceramic industry. The video details how Morbi, covering just 50 by 9 km, has become a global ceramic hub, producing 90 per cent of India's ceramics. According to the video, nearly 1,000 family-owned factories in Morbi have been manufacturing tiles and ceramics since the 1930s, successfully competing with China's pricing and matching Italy’s quality. The video states that these businesses collectively control 13 per cent of the world's ceramic production, creating an industry worth thousands of crores and employing approximately four lakh people.

Subscribe to enjoy similar stories. New Delhi: Chhattisgarh is courting defence firms from Russia and the US to set up manufacturing units in the state under its new Industrial Development Policy 2024-30, as it looks to position itself as a key player in India’s defence supply chain. "Numerous companies from Russia, the US, and other countries participated in our investment summit in Mumbai, and these investments will come to Chhattisgarh," chief minister Vishnu Deo Sai told Mint in an interview.

Subscribe to enjoy similar stories. A perfect storm of domestic and global challenges is battering India's financial markets. The rupee’s freefall, dismal corporate earnings, spiking bond yields, and a relentless foreign portfolio investors (FPI) exodus have struck India harder than its Asian counterparts.

Donald Trump has put India on a tough timeline on trade and reciprocal tariffs. While India and the US agreed on Feb 13 to conclude the first tranche of a bilateral trade agreement (BTA) by Sept-Oct, US Trade Representative (USTR) has simultaneously put into motion actions on reciprocal tariffs with an April 1 deadline, also set by Trump.

Subscribe to enjoy similar stories. The Indian stock market opened with a gap-down on Thursday, 20 February, but saw a swift recovery in the initial phase. However, selling pressure resurfaced, keping the Nifty 50 below the 23,000 mark throughout the session.

critical minerals such as lithium, cobalt, nickel and rare earth (RE) elements. Its mineral industry provides inputs for construction, energy, manufacturing and infrastructure, while critical minerals are needed for inputs for RE, EVs, electronics, batteries, etc. Keeping in mind current geopolitical factors like tariffs, India's mineral industry will play an increasingly important role in the country's economy.

Subscribe to enjoy similar stories. India needs sustained long-term growth to pull people out of poverty, create jobs for the young, and boost incomes to widen the consumption base. I have long considered India’s potential real GDP growth rate to be 6% to 6.5% (6.2% is the average since 1980).