COST Financial News
26.12 / 14:59
markets
COST
Limelight
show
stage
reports
Updates
Mint Explainer | Why Titan is entering the lab-grown diamond business now
Mint explains what Titan's entry into this segment means for India’s nascent LGD market, and for the smaller, established players already operating in the space.beYon is Titan’s new lab-grown diamond jewellery brand, marking its first direct retail foray into the LGD segment. The brand has debuted with a standalone store on New Link Road in Andheri West, Mumbai.The location places beYon in the middle of one of Mumbai’s most competitive jewellery corridors.
26.12 / 09:51
markets
COST
UPS
Booking
Strategy
track
Features
Market-first vs goal-first: Financial planning should start with required rate of return
True financial well-being doesn't start by asking what the market can give you. It starts by calculating what you need to get. It begins with the Required Rate of Return.When you create a financial plan that is dependent upon market return expectations, you are essentially creating a home without a solid foundation.
26.12 / 08:29
markets
COST
Provident
Manufacturing
country
Updates
Ajanta Pharma’s growth story gets a semaglutide boost
Ajanta Pharma Ltd announced an in-licensing agreement with Biocon this week to market semaglutide across 26 emerging markets, including Africa, West Asia, and Central Asia. The patent for the weight loss drug expires in most of these markets by March, with commercialisation expected post regulatory approvals in late 2026 or early 2027.
26.12 / 08:29
markets
COST
Research
stage
Updates
Jindal Steel’s capacity push is in place. Volume growth needs to follow now
steel prices in Q3FY26 to date are down 2-5% quarter-on-quarter, according to Antique Stock Broking.The impact is most visible in profitability. After Ebitda per tonne fell to ₹10,027 in Q2FY26, down 12.7% year-on-year and 36% sequentially, Nuvama Research expects a further decline in the December quarter (Q3FY26), to about ₹8,200. Ebitda is short for earnings before interest, taxes, depreciation, and amortization.That implies a sequential drop of nearly ₹1,800 per tonne, driven by higher coking coal and iron ore costs.
26.12 / 08:29
markets
COST
Tesla
Trade
War
International
Sporting
The EV challenge: Ford and GM are running out of time to reinvent themselves in the wake of a Chinese expansion
The essential accoutrement for auto executives this year was a cap. As in, of the red baseball variety.
26.12 / 03:45
markets
COST
UPS
Trade
electronic
Updates
Silver is roaring—and Hindustan Zinc is cashing in
electric vehicles, and electronics pushing the market into a supply deficit for the fifth consecutive year in 2025. Silver is currently trading at about $72 per ounce (oz), almost double the average of $36.6 per oz in the half-year ended September (H1FY26), and 1.4 times the FY25 average of $30.4 per oz. The persistent demand-supply mismatch is expected to keep prices firm.The rally brightens HZL’s earnings outlook.
26.12 / 01:11
26.12 / 01:11
markets
COST
UPS
Citi
Target
Manufacturing
Updates
Govt set to exhaust ₹857-crore subsidy for bigger electric 3-wheelers three months early
The heavy industries ministry is likely to exhaust its ₹857-crore subsidy fund for electric three-wheelers in the L5 category under the ₹10,900-crore PM E-Drive scheme three months ahead of schedule, according to the government’s letter to manufacturers. The funds were originally expected to last until March 2026, but the high adoption of electric three-wheelers means they have been disbursed faster than anticipated.In a publicly available letter to the Society of Indian Automobile Manufacturers (Siam) dated 23 December, the ministry said it would stop granting incentives on reaching the scheme's target of 288,809 L5 three-wheelers, or on 26 December, whichever came earlier.“Para 46 of the scheme notification clearly stipulates that the PM E-Drive Scheme is fund-limited, and once the allocated funds for the scheme or any of its sub-components is exhausted, no further claims will be entertained,” the letter read.Two kinds of electric three-wheelers can receive subsidies under the PM E-Drive scheme – L3 category e-rickshaws with small batteries, commonly used for last-mile connectivity in cities such as Delhi and Kolkata; and larger, L5 category three-wheelers that are used to ferry both passengers and cargo.
26.12 / 01:11
COST
UPS
Citi
Manufacturing
Metro
information
reports
India Inc 2026: Hinterland hiring, gig growth and AI disruption
Dear reader, as 2025, a year of global tumult and volatility, rolls by, Mint's reporters and columnists look around the corner on what is coming in 2026—to help you know what to expect and prepare for it. Tell us what you think at [email protected] Chinese zodiac predicts that 2026 will be the Year of the Fire Horse, symbolizing bold decisions, ambition and sharply moving away from the strategic thinking that was 2025, the Year of the Wood Snake.For both the employer and the employee in India Inc, there will be three prominent trends, says experts.
26.12 / 01:11
COST
UPS
Provident
Target
Assurant
show
Green power is cheaper than ever; so why are discoms chasing coal?
₹6.64 a unit, even though solar and wind power come for ₹2.5-4. The key reason is the 'infirm' nature of renewable power - lack of generation when the sun doesn't shine, and the wind doesn't blow.Even those renewable projects with combined solar and wind generation, plus battery storage, are not finding takers despite being available at ₹5 a unit or lower, as discoms remain wary of battery supply chains. Meanwhile, thermal provides the necessary base load.
25.12 / 13:03
markets
COST
Platform
security
Experts
reports
Updates
Quick home services boom: VCs interested, but startups struggle to stand out
$100 and 120 million at a $500-550 million valuation. The latter, which first raised $2 million in May, is in talks to raise another round of funding, according to news website Moneycontrol.com.While more of these companies are likely to appear in 2026 and secure funding, they remain largely similar, with investors focused primarily on the size and disruptive potential of the market.In a business burdened by high customer acquisition costs, the core challenge lies in cracking unit economics.
25.12 / 08:43
COST
UPS
economy
country
reports
travelers
Destinations
Delhi’s pollution and Goa’s tragedy point to a ‘soft state’: For Indian tourism to boom, fix this first
The Asian Drama, Gunnar Myrdal introduced the concept of the ‘soft state.’ He was really writing about South Asia, especially India, with barely any mention of the ‘miracle economies’ of East Asia.He characterized the Indian state as a ‘soft state,’ implying a government with limited capacity, unable to unwind a gridlock of competing interests that sucked up and dissipated scarce resources. This pre-empted the high growth necessary for reducing widespread poverty.India is now a fast-growing economy and poverty is much reduced, but regulatory failure to clean up the air in Delhi under successive governments suggests that the ‘soft state’ still prevails.Of late, the soft state has also been very visible in the awful tragedy in Arpora, Goa, where a fire at an unauthorized night club, Birch by Romeo Lane, killed 21 persons.
25.12 / 08:21
COST
MET
Nordstrom
reports
Department
Relationships
Saks clients complained about stylist long before he was accused of $400,000 scam
a criminal complaint the Boston Police Department filed this month with the city’s Municipal Court. The complaint said Kwatra then transferred the money from the refunds onto store gift cards and subsequently purchased merchandise with those gift cards.The Saks officials gave police a letter they said Kwatra wrote, estimating total losses at more than $400,000.
25.12 / 00:43
markets
COST
Provident
Software
cover
Courts
Updates
Hexaware moves court to dismiss $500 million US patent suit by Natsoft
Mint has seen copies of both filings.Privately held Natsoft filed its lawsuit against Hexaware in an Illinois district court on 23 September, alleging that Hexaware used application modernization software whose functioning was covered by nine patents developed by Updraft, an IT services company Natsoft acquired in 2024. The company claimed Hexaware marketed these products for both application modernization and GenAI use cases.
25.12 / 00:43
markets
COST
Citi
Mobile
band
country
reports
BSNL to shut down 3G, end legacy vendor contracts for better 4G
As part of a broader effort to cut costs, Bharat Sanchar Nigam Ltd (BSNL) will shut down its 3G mobile services nationwide. The state-owned telecom operator also plans to terminate annual maintenance contracts (AMCs) with vendors such as Nokia and Chinese equipment maker ZTE for the 3G sites, according to two officials familiar with the matter and letters seen by Mint.The move comes as the state-run telecom operator focuses on its 4G network, having currently installed 97,481 4G towers across the country.
24.12 / 14:23
markets
COST
Citi
show
Updates
Headlines
Mint Explainer | Cheaper loans, rising prices—is buying a home really affordable?
Mint breaks down what’s driving this improvement and why affordability is still under pressure.India’s residential real estate market continues to see strong demand. Despite housing prices being on the rise, certain cities, including Mumbai, the country’s most valuable property market, are seeing improving homebuyer affordability.Knight Frank’s Affordability Index, which measures the proportion of household income spent on equated monthly instalments (EMIs), shows a consistent improvement across the top eight cities since 2010.Affordability is influenced by three key factors: weighted average prices, income levels and home loan interest rates.
24.12 / 11:37
COST
UPS
IPO
FIVE
economy
Enterprise
Maharashtra discom MSEDCL to hive off farm power, cut debt ahead of IPO
Subscribe to enjoy similar stories. Mumbai: Maharashtra State Electricity Distribution Company Ltd (MSEDCL) will restructure its operations to manage debt and enhance its appeal to investors ahead of its planned public listing next fiscal year, its top official said. Also called Mahavitaran, the state government-owned power distributor will be split into two entities, with one taking over electricity supply to the farm sector along with ₹75,000 crore in outstanding dues from farmers, Lokesh Chandra, the chairman and managing director of MSEDCL, said.
24.12 / 09:21
COST
CEO
Assurant
security
Strategy
wellness
reports
PNB Housing bounces back after CEO shock—growth and asset quality in focus
Subscribe to enjoy similar stories. PNB Housing Finance Ltd has come full circle. Ajai Kumar Shukla took charge as managing director and chief executive officer on 18 December, bringing closure to the leadership vacuum created by the sudden resignation of Girish Kousgi on 31 July, an episode that had rattled investors.
24.12 / 08:45
COST
Target
Manufacturing
security
Research
International
Kajaria Ceramics needs to grout the cracks after fraud disclosure
Subscribe to enjoy similar stories. Kajaria Ceramics’ recent disclosure of fraud is a sentiment dampener as it raises corporate governance issues. During the rollout of a new vendor onboarding system, Kajaria found an embezzlement of around ₹20 crore.
24.12 / 08:45
COST
Celebrity
stage
cover
exclusive
reports
travelers
Stage collapses to flight delays: Why wedding insurance remains a hard sell
Subscribe to enjoy similar stories. Close to 4.6 million weddings are expected to be hosted by the end of the calendar year—and the wedding season is still only halfway through. These large-scale celebrations involve dozens of moving parts, from venues and vendors to guests and travel logistics, raising the risk of things going wrong.
24.12 / 03:45
markets
COST
Booking
Align
Trade
country
rights
Three value stocks to add to your 2026 watchlist
Subscribe to enjoy similar stories. An investment operation is one which, upon thorough analysis, promises safety of principal and an adequate return. Operations not meeting these requirements are speculative. – Benjamin Graham, economist and financial investor Value investing is one of the best ways to build long-term wealth in the stock market.
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