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Subscribe to enjoy similar stories.Billionaire Anil Agarwal-led Vedanta Ltd is undergoing a major restructuring, splitting itself into five independent listed companies: Vedanta Aluminium, Vedanta Oil & Gas, Vedanta Power, Vedanta Iron & Steel, and parent Vedanta Ltd, which will house the zinc and silver businesses through Hindustan Zinc and act as an incubator for new opportunities.While this move is aimed at unlocking value, it creates short-term disruption in the derivatives (futures and options) market. Mint breaks down the process.All futures and options (F&O) contracts of Vedanta will expire on 29 April, irrespective of their original expiry date, Nimish Maheshwari, co-founder of Beat the Street, wrote in a note.

Subscribe to enjoy similar stories.On Monday, shares of One97 Communications Ltd, which operates Paytm, fell more than 8% intraday before trimming losses to close 1% lower at ₹1,137.80 apiece on the National Stock Exchange. The decline followed the Reserve Bank of India’s (RBI) cancellation of Paytm Payments Bank Ltd’s (PPBL) licence.But what triggered the action, and what does it mean for India’s fintech major? Mint breaks it down.PPBL, launched in May 2017, had long been under regulatory scrutiny over its operational structure and dependence on its parent’s technology systems and data-sharing arrangements.Over time, RBI flagged concerns including breaches of deposit limits and weak know-your-customer (KYC) controls, which it said weakened safeguards against money laundering risks.

Subscribe to enjoy similar stories.Stock market recap: The market rally on Monday, 27 April, was driven by sectoral recoveries and easing geopolitical tensions. Sun Pharmaceutical Industries surged more than 7%, leading Nifty gainers after announcing an $11.75 billion acquisition of Organon.

Subscribe to enjoy similar stories.For years, the global AI race focused on frontier models, faster chips and massive capital. The US still leads this phase, with its hyperscalers ready to roll out massive expansions of data centre capacity as soon as labour, chip and power availability catch up. China, however, is shifting its strategy.

Subscribe to enjoy similar stories.Stock market recap: Indian equity benchmark indices ended the week on a sombre note, with the Nifty 50 falling 275.10 points, or 1.14%, to close at 23,897.95, while the BSE Sensex dropped nearly 983 points to settle at 76,681.29.Friday's session was marked by a clear risk-off tone as escalating geopolitical tensions in West Asia, particularly around the Strait of Hormuz, pushed Brent crude back above $105 a barrel.Sector-wise, IT stocks led the decline, with the Nifty IT index tumbling 5.29% after disappointing Q4 guidance from heavyweights such as Infosys triggered a broad-based sell-off in technology names.Market breadth remained sharply negative, with an advance-decline ratio of 863:2429, indicating nearly three stocks fell for every one that gained.Volatility also picked up, with India VIX rising 6.3%, suggesting markets may remain in a consolidation phase as investors contend with persistent global headwinds and the ongoing earnings season.Buy: Vardhman Textiles Ltd (current price: ₹590)Buy: RBL Bank Ltd (current price: ₹321)Nifty 50 performance on 24 AprilIndian equities ended lower on 24 April, with the Nifty 50 declining 275 points, or 1.14%, to close at 23,897.95, reflecting sustained selling pressure through the session after an early dip. Market breadth remained decisively weak, with 863 stocks advancing against 2,429 declines, signalling broad-based risk aversion.Sectorally, the sell-off was led by IT, which dropped about 5.3%, likely on global growth concerns and currency moves.

Subscribe to enjoy similar stories.“Don’t underestimate the power of the common man.” These words were popularized by Shah Rukh Khan with a slight twist in his film Chennai Express.I wonder why the common person’s power is visible exclusively during the elections, religious functions and marriage celebrations? Why don’t they rise in defiance?However, I was pleasantly surprised by an unknown woman from Mumbai.Last Wednesday, the Bharatiya Janata Party (BJP) was rallying against the defeat of the Nari Shakti Vandan (Amendment) Bill in Parliament.The local police, despite adequate arrangements, couldn’t avert a traffic jam. Many were stuck. Resentful people were surprised to see a woman suddenly appearing and directly confronting Maharashtra minister Girish Mahajan.

Subscribe to enjoy similar stories.Indian equity markets remained under pressure on 23 April, as rising crude oil prices, continued foreign fund outflows and weak Asian cues weighed on investor sentiment.The Sensex fell 852 points to 77,664, while the Nifty slipped 205 points to close at 24,173. Market breadth stayed negative, with most sectoral indices ending in the red.Despite intermittent rebounds, the broader trend remains fragile.

Subscribe to enjoy similar stories.Stock market recap: The Indian equity benchmark indices witnessed a volatile session today, with Nifty 50 ending lower at 24,173.05, shedding 205 points (-0.84%), while Sensex dropped approximately 0.70% to close near 78,000.The market sentiment was largely dampened by escalating geopolitical tensions in the Middle East and Brent crude prices surging above $100 per barrel, heightening inflation fears for the import-dependent economy. Sectorally, Nifty Pharma (+2.36%) and Healthcare (+2.11%) were the standout outperformers, providing a defensive cushion amid the broader sell-off.Conversely, Nifty Auto (-2.35%) and PSU Bank (-2.19%) faced significant selling pressure, reflecting caution over rising input costs and credit growth.

Subscribe to enjoy similar stories.Law firms are closely watching a potentially precedent-setting case before India’s bankruptcy courts that could have far-reaching implications for companies dealing with entities facing international sanctions.At the heart of the dispute lies a key question: can companies legitimately withhold payments to a sanctioned supplier, or can the supplier initiate insolvency proceedings over non-payment? Whichever way this question is ultimately settled is likely to reshape bankruptcy disputes in India.The issue has surfaced after the National Company Law Tribunal (NCLT) Ahmedabad, in a 26 March order, held that foreign sanctions cannot be used as a defence to avoid payment of dues to operational creditors such as suppliers and vendors.The case involves an insolvency plea by Mumbai-based petrochemical supplier CJ Shah & Co. against Flint Group India Pvt.

Subscribe to enjoy similar stories.NEW DELHI: As Alpha, the Alia Bhatt-starrer female spin-off to Yash Raj Films’ Spy Universe, which includes hits like Pathaan, readies for release later this year, trade experts say Bollywood still lags Hollywood in building high-profile, female-led franchise extensions.Unlike the West, where films such as Wonder Woman and Black Widow have proven audience pull for women-led entries within larger cinematic universes, Indian studios have been slower to back big-budget action spectacles anchored by female stars—even when they sit inside established franchises.Malayalam cinema has taken early steps in this direction with Lokah Chapter 1: Chandra, a female superhero film released last year. In Hindi cinema, comparable attempts have largely been limited to mid-budget spin-offs such as Taapsee Pannu’s Naam Shabana, a spin-off to Akshay Kumar’s spy film Baby, Kajol’s horror film Maa, a spin-off to Ajay Devgn’s Shaitaan, alongside Rani Mukerji’s ongoing Mardaani series.“The gap largely comes from how franchises have historically been built in Indian cinema.

Subscribe to enjoy similar stories.Stock market recap: Equity markets staged a robust recovery on Tuesday, as benchmark indices rebounded from volatility to finish with healthy gains. The Nifty 50 index closed at 24,576.60, up 211.75 points (0.87%), while BSE Sensex mirrored this strength, surging more than 600 points to settle above 79,100. Market sentiment was bolstered by easing crude oil prices and renewed optimism surrounding potential US-Iran diplomatic talks, which helped temper regional geopolitical concerns.

Subscribe to enjoy similar stories.India’s plan to use artificial intelligence to reduce a tide of spam is drawing the ire of the nation’s lenders and digital platforms, who warn the effort risks affecting the digital backbone of the economy. Banks and fintech giants claim the automated system could hinder essential customer alerts, from fraud warnings to one-time passwords (OTPs).The Telecom Regulatory Authority of India (Trai) is seeking to keep a crisis at bay, which saw spam complaints triple to 2.5 million last year from 2021, according to data tabled in the Lok Sabha in February by the Department of Telecommunications.

Subscribe to enjoy similar stories.Traditional computers store information in bits. Quantum computers operate very differently. They use qubits, a whole new information architecture that leverages a quantum property called superposition, which allows them to occupy multiple states simultaneously.Quantum machines are no faster at ordinary tasks—the laptop on your desk will probably outperform them at writing documents or running spreadsheets.

Subscribe to enjoy similar stories.The sudden twists in West Asia peace talks underscore just how fluid the situation is. On Friday, Iran showed some keenness to engage with the US as it declared the Strait of Hormuz open, but only to slam it shut again the next day.Since then, Tehran has professed itself unready to hold truce talks with the US. Not only was America making excessive and shifting demands, it argued, its blockade of Iranian ports was a violation of the ceasefire due to expire only on 22 April.To make matters between the two adversaries worse, this week began with armed US action against an Iranian commercial vessel.

Subscribe to enjoy similar stories.Stock market recap: Indian equity benchmarks ended a volatile session on Monday with a positive bias. Indices had opened higher, tracking firm global cues, and briefly strengthened around midday, but gave up most gains as concerns around the US-Iran ceasefire kept sentiment cautious.Sensex closed up 26.76 points at 78,520.30, while Nifty 50 edged up 11.30 points to settle at 24,364.85.Sectoral performance was mixed.

Subscribe to enjoy similar stories.New Delhi: The government will hold further consultations before rolling out schemes for debt resolution of all companies in a group in one go, and for dealing with cross-border insolvency cases where a company or its creditors are in different jurisdictions, two persons familiar with the development said.Introduced through legislative amendments in April, these two ambitious provisions form part of the most comprehensive overhaul of the Insolvency and Bankruptcy Code (IBC) since its enactment in 2016. The amended legislation received presidential assent on 6 April..Most provisions in the amended Code, which seek to improve the efficiency and outcomes of debt resolution of companies and their promoters, will be notified at the earliest but the schemes for group insolvency and cross-border insolvency may be rolled out only after further consultations, said the first of the two persons quoted above, both of whom spoke on the condition of anonymity.

Subscribe to enjoy similar stories.New Delhi: India’s food regulator has cracked down on a key ingredient in popular wellness supplements, ordering a halt to the use of ashwagandha (withania somnifera) leaves and their extracts amid safety concerns flagged by the Ministry of Ayush, according to a government official and documents reviewed by Mint. The Food Safety and Standards Authority of India said only the roots of ashwagandha—an Ayurvedic staple herb widely marketed for stress relief, muscle recovery and cognitive support—are permitted, and has directed states to act against violations.The move could disrupt formulations in India’s $38.77 billion nutraceuticals industry, where ashwagandha is a key product with its market estimated at $928.5 million in 2026.

Subscribe to enjoy similar stories.India’s food safety regulator has moved food recalls from paper trails to real-time digital tracking.The Food Safety and Standards Authority of India (FSSAI) has launched a dedicated “Food Recall” portal in March 2026, integrated into its FoSCoS licensing system, creating a centralized cloud-based hub to track recalled products.The shift comes after high-profile recall episodes — from Maggi noodles in 2015 to recent concerns over spices and protein supplements — exposed the delays and opacity in manual systems.The new framework aims to significantly reduce the time between identifying a food safety hazard and removing the product from the market.Mint explains.The “Food Recall” portal is a web-based facility integrated into FoSCoS. Each recall is assigned a unique identification number, allowing digital monitoring and public access to recall information.All new recalls initiated by enforcement authorities — including Designated Officers (DOs) and Central Licensing Authorities (CLAs) — must now be created directly in the FoSCoS system using official logins.

Subscribe to enjoy similar stories.SAN FRANCISCO—Months before his arrest for allegedly attempting to murder the chief executive of OpenAI, Daniel Moreno-Gama suggested “Luigi’ing some tech CEOs” in an internet chat.The Texas college student casually referenced Luigi Mangione, the accused UnitedHealthcare CEO killer, during an online conversation with producers of “The Last Invention” podcast, according to screenshots shared with The Wall Street Journal. They wanted to interview him for a series on artificial intelligence.In January, Moreno-Gama recorded the interview, detailing his path from curious internet nerd to a crusader obsessed with AI’s dangers.

Subscribe to enjoy similar stories.Stock market recap: Indian equity benchmarks staged a spectacular recovery on Wednesday, 15 April, as Nifty 50 surged 1.63% to close at 24,231.30, while Sensex rallied 1,264 points to settle at 78,111.24.This sharp rebound was primarily fueled by cooling geopolitical tensions as renewed hopes for U.S.-Iran ceasefire talks triggered a significant drop in crude oil prices below the $100 mark.The overall market breadth was exceptionally strong, with an advance-decline ratio of nearly 6:1 (2,839 advances to 438 declines), reflecting broad-based participation beyond front-line stocks.On the sectoral front, Nifty Consumer Durables and Nifty IT led the charge, gaining 2.91% and 2.84%, respectively. On the other hand, Midcap and Smallcap indices outperformed the benchmarks with gains exceeding 2%.

Subscribe to enjoy similar stories.Mumbai: Banks in India seem to have become more compliant with regulatory norms in FY26, with the quantum of penalties imposed by the central bank declining by about 37% over the previous financial year, data compiled by Mint showed.The Reserve Bank of India imposed monetary penalties of ₹19.8 crore on commercial banks in FY26, as against ₹31.4 crore in FY25, even as the number of penalties remained unchanged at 35. The data is based on fines announced on the RBI website.The most common violations included failure to comply with KYC (know your customer) norms, not categorizing customers on the basis of risk, allotting multiple customer IDs instead of a unique one, and not transferring unclaimed deposits to the Depositor Education and Awareness Fund.While the failure to transfer unclaimed deposits and categorize risks point to negligence, other violations—such as sanctioning loans with a director's relative as guarantor and declaring dividends without prior RBI permission—raise more serious concerns.The decline in the RBI’s monetary penalties on commercial banks indicates continuous improvement in regulatory compliance outcomes over the years, said Saurabh Bhalerao, associate director of banking, financial services and insurance (BFSI) at CareEdge Ratings.“Over the years, based on feedback and market practices, there is better understanding among the regulated entities of the specific actions to be taken to be able to meet the regulatory requirements.