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Subscribe to enjoy similar stories. MUMBAI: Godrej Industries Group is restructuring its financial services businesses to prepare for expansion into new segments, including wealth management, following an announcement it first made in August 2025. The listed holding company, Godrej Industries Ltd, last week incorporated a new subsidiary, Godrej Investment Ltd, which will serve as the umbrella entity for all its financial services operations, according to an executive familiar with the plans.

Subscribe to enjoy similar stories. Mumbai: Sachin Sahay, executive vice-president—sales operations at ITC Ltd, has emerged as the frontrunner to take over as chief executive officer of the Aditya Birla Group-backed Birla Opus, the disruptor in India’s ₹70,000-crore paints market, according to two people aware of the development. Sahay is set to succeed Rakshit Hargave, who stepped down as the chief executive in November 2025.

Subscribe to enjoy similar stories. For most Indian households, debt investing begins and ends with fixed deposits. A smaller set ventures into debt mutual funds, often without a full understanding of interest rate risks.

Subscribe to enjoy similar stories. NEW DELHI : The central government has accepted all recommendations, barring one, of a Parliamentary select committee of the Lok Sabha led by MP Baijayant Panda on proposed changes to India’s bankruptcy law, according to two people aware of the development.

Subscribe to enjoy similar stories. BENGALURU : Swiggy’s private-label brand, Noice, which debuted on its quick-commerce platform Instamart, has expanded rapidly by adding contract manufacturers across various categories, including bakery, snacks, confectionery, dairy, eggs, and other perishable foods.

Subscribe to enjoy similar stories. The Indian Railways plans to use galvanised steel rails in coastal and high-humidity regions to reduce corrosion and quadruple track life, two people aware of the development said. The move is being examined as an alternative to the nickel copper chromium (NCC) rails being produced by state-owned steel maker Steel Authority of India Ltd (SAIL).

₹20,000 crore that have slowed highway development in the country.The pre-conciliation committee, set up by the ministry of road transport and highways (MoRTH), will attempt to resolve disputes valued under ₹5 crore between highway contractors and government authorities before they snowball into prolonged legal battles, according to two government officials aware of the development.The development assumes significance given that these small-value disputes account for a fifth of the nearly ₹1 trillion legal claims in road and highway construction that the government has been party to over the past decade. Also, there are documented cases of sub- ₹1 crore road payment disputes where contractors had to wait for 6-7 years for resolution.

There’s more to dense fog conditions than pollution and flight cancellations. There’s also the risk of power outages.In fact, a perfect storm may be brewing across several parts of north and central India, where a rain-deficient winter, dense fog conditions and atmospheric pollution have raised concerns over the tripping of power transmission lines, said three people aware of the outage concerns in India’s power system.Fog increases moisture on power transmission lines, allowing pollutants in the air to settle on their surface.

₹10,900-crore PM E-Drive scheme, two people aware of the development said.This comes less than a fortnight after CESL concluded the country’s largest electric bus tender of 10,900 units under the PM E-Drive scheme, which seeks to accelerate adoption of electric mobility and focuses on public transport, freight, and ambulances to reduce carbon emissions.CESL’s plan involves reducing the upfront cost of these e-trucks and setting up electric vehicle (EV) chargers by building scale through demand aggregation. CESL, the subsidiary of Energy Efficiency Services Ltd (EESL), has started talks with Indian ports that are big users of trucks to ferry goods, said the first of the two persons cited earlier, both of whom spoke on the condition of anonymity.This focus on e-trucks comes at a time when the incentives for two- and three-wheelers under the PM E-Drive scheme are set to lapse in March 2026.“CESL is looking to become the nodal agency for e-trucks also, now that the e-bus tender is done,” said the person cited above, referring to the recently-concluded tender for 10,900 e-buses.“There have been talks for becoming the nodal agency, and some talks with 1-2 ports also.

Mint.During the hour-long meeting, X executives explained how the image-editing feature functioned. They offered an example: if billionaire Elon Musk appeared in a photograph alongside other technology executives and users prompted the tool to remove “the most racist person”, Grok might remove Musk, this person said.The explanation failed to reassure regulators.

₹12 trillion in FY27, according to two people aware of the matter. The move signals that public investment will continue to play a central role in supporting growth as private capex remains uneven and global uncertainty persists.The proposal reflects the government's continued reliance on infrastructure spending to support domestic demand amid geopolitical risks, trade uncertainty and volatile financial conditions that have kept private investors cautious.The planned increase assumes the government will close the current financial year without fiscal slippage despite sharp cuts in goods and services tax (GST) and income tax rates, aided by savings on the revenue account and improved fund utilization by implementing agencies, one of the people cited above said.In FY26, the Centre allocated ₹11.21 trillion for capital expenditure, marking a 10% jump over the previous year’s revised estimates, along with an additional ₹3.9 trillion as grants to states for their own capital spending.

Mint analysis found.While the number of instances rose from 26 in 2023, 30 in 2024, to 38 in 2025, the size of the penalty shrank. These include fines on the public sector, private sector, foreign banks, small finance banks, and payments banks.These penalties totalled ₹25.5 crore in 2025, while the median amount was ₹55.7 lakh.

₹20 trillion as of November 2025, compared to hybrid and equity assets, which have grown 1.8 times over the same period.The total assets for hybrid funds stood at ₹11.4 trillion, and those for equity stood at ₹35.4 trillion as of November, according to data from the Association of Mutual Funds in India (Amfi).The reasons for lower inflows into debt mutual funds are primarily due to changes in taxation and lower awareness about the product, according to experts.On 1 April 2023, the government removed the indexation benefit on debt mutual funds. Before the removal of indexation, if one had invested in a debt mutual fund, they would have been taxed at 20% on long-term capital gains with indexation benefits.Currently, in debt mutual funds that invest less than 35% in equity purchased on or after 1 April 2023, the gains are taxed entirely at the applicable income tax slab rate of the unit holder, regardless of the holding period, without indexation benefits, which has disappointed investors.Sirshendu Basu, head of product management & strategy at Bandhan AMC, said that since debt mutual funds are taxed at the investor’s applicable marginal rate, post-tax returns have declined for most investors.“With AAA-equivalent debt funds offering around 6.75% pre-tax returns, investors are increasingly exploring hybrid fund categories in search of improved post-tax outcomes, while being mindful of the relatively higher risk involved,” he added.“Taxation changes impacted institutional investors because money invested before the change continues to enjoy indexation benefits through grandfathering,” said Basant Bafna, head of fixed income at Mirae Asset Investment Managers (India).

New Delhi: India’s leading electric bus and truck makers are planning to ask for a one-year extension on exemptions to import rare earth magnet motors — that are critical for electric vehicles (EVs)—under a central government scheme, three executives directly aware of the development said.According to the executives, who spoke on the condition of anonymity, manufacturers may seek an import relaxation till March 2027 under the ₹10,900-crore PM-E Drive scheme.The earlier deadline for e-trucks and e-buses to switch to locally manufactured rare earth magnet motors was March 2026, which was in turn extended from 1 September 2025.The extension is being sought as supply disruptions persist in imports, while local production of rare earth magnets and alternative motor technologies is expected to take another one to two years.Manufacturers such as Tata Motors, Ashok Leyland, Eka Mobility and Montra Electric are deliberating on sending a request to the ministry of heavy industries (MHI) to extend the import deadline, the executives said.A formal outreach to the government is expected in the next few weeks.

Fractal Analytics Ltd is likely to begin the book-building process for its ₹4,900 crore market debut as early as next week, two people directly aware of the matter said.India's first artificial intelligence unicorn, which received regulatory approval for launching its initial public offering (IPO) in November, is likely to file updated draft papers by mid-January 2026, one of the people quoted above said.The company has been meeting potential investors, both local and global, and has received investment commitments from several of them, the other person explained.Book building is a process where merchant bankers determine a price range within which investors can bid for shares in an IPO. The final price is determined after the bidding process is completed.A book-building process is also likely to help Fractal decide on its pre-IPO placement, the second person said.

₹65,000-crore domestic paneer market, according to two government officials and a document reviewed by Mint.Authorities have frequently seized fake paneer ahead of major festivals, when demand surges, giving unscrupulous traders an opportunity to flood markets with adulterated products, posing a threat to consumer health.To curb this unsavoury practice, the Food Safety and Standards Authority of India (FSSAI) proposes to make it compulsory for paneer substitutes (products made from non-dairy ingredients such as vegetable oils) as “paneer analogue”, while prohibiting the use of any dairy-related terminology, to help consumers clearly distinguish them from milk-based paneer.“Currently, analogues are designed to mimic the white, creamy appearance of traditional or real paneer, often using starches and emulsifiers to replicate the texture. The proposed regulations aim to empower consumers to make informed choices instantly and promote healthy eating,” said the first of the two government officials cited earlier, both of whom spoke on the condition of anonymity.For clear visual identification, these substitutes will have food colour added to them to ensure that they stand out from the white and natural dairy paneer or paneer-based products.

processing, packaging, food-safety systems, branding and value-addition across all categories.Organized processors and brands are increasingly investing in modern facilities that meet food safety, traceability and quality standards, in line with the Food Safety and Standards Authority of India (FSSAI) regulations.“Nowadays consumers are far more conscious about quality, hygiene, origin and nutritional information. This is pushing the demand and companies to adopt better processing practices and introduce new products,” said Yash Gawdi, founder & CEO, Candor Foods Pvt Ltd.According to doctors, the rising consumption of dry fruits and nuts reflects a broader shift.

Subscribe to enjoy similar stories. Mutual funds are pushing back against the Indian market regulator’s proposal to introduce a fee linked to good performance, citing the difficulty of calculating these amounts.

Subscribe to enjoy similar stories. NEW DELHI: Any private takers for a loss-making company owned by public sector power giants that is owed over ₹4,000 crore and has borrowed heavily to fund its investments? The answer will be known when the company’s promoters decide to list its shares. The company is Energy Efficiency Services Ltd (EESL), a joint venture owned by state-run NTPC Ltd, Power Finance Corp., Rural Electrification Corp.

Subscribe to enjoy similar stories. Some ideas look compelling on paper, but execution is a challenging task. A similar challenge is likely to surface in the Association of Mutual Funds in India’s (Amfi) plan to train one lakh postmen to sell mutual funds (MFs).

Subscribe to enjoy similar stories. NEW DELHI : As scrutiny over train accidents mounts, the Centre is considering its biggest-ever outlay on rail safety, with allocations likely to cross ₹1.3 trillion in FY27, according to two people aware of the development. The proposed outlay, around 12% higher than the current year’s budget, would be directed towards maintaining rolling stock and critical infrastructure, including track renewals, and the rollout of India’s indigenous automatic train protection system—Kavach, one of the people said, requesting anonymity.