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Subscribe to enjoy similar stories. Shriram Finance Ltd stock, already trading at a lifetime high, gained another 3.7% on Friday to ₹902 after it announced MUFG Bank Ltd will buy 471 million shares at ₹840 per share in the company through a preferential allotment. The transaction gives MUFG a 20% stake.

Kotak Mahindra Bank Ltd sees little value in listing its subsidiaries and selling a stake to “foreigners” at present and would rather focus on building an enduring institution, said chief executive officer Ashok Vaswani, even as peers have taken their units public during India’s record IPO surge.History shows that whenever a private or public sector bank sold a significant stake, they brought buyers from overseas, Vaswani, who will complete two years at the helm of India’s fourth-largest private lender by assets in January, said in an interview with Mint.“We are not here for a day in the sun or a quarter in the sun; we are here to build a lasting, lasting, lasting franchise,” said Vaswani. “The foreigner brought in no talent, the foreigner brought in no brand.

Subscribe to enjoy similar stories. New Delhi: India is laying the groundwork for an ambitious push into autonomous vehicles while also supporting the rising demand for electric vehicles in the country.

As January approaches, Ashok Vaswani will begin his third year as managing director and chief executive officer (CEO) of Kotak Mahindra Bank Ltd. Soon after Vaswani joined the bank, it had to start untangling itself for regulatory crosshairs. Since then, the RBI-imposed embargo on enlisting more digital customers has been lifted, it has made a couple of acquisitions, and is now in the race to acquire a big one, but Vaswani unsurprisingly sidesteps talk of IDBI Bank.

Subscribe to enjoy similar stories. Mumbai: In early December, fast-food chain McDonald’s released a Christmas Special advertisement, just like many brands do during this time of the year. While most brands seek to evoke warm, festive cheer among their target customers, the Big Mac maker made an unconventional choice.

Subscribe to enjoy similar stories. Chennai/Kochi: The divergence is stark. Both Cochin Shipyard Ltd (CSL) and HD Hyundai Heavy Industries were established the same year—1972.

Russian energy, has also agreed to meet some of its demand from the US. Yet Russia remains relevant, having worked around the trading system through bilateral deals and its shadow fleet.On the other hand, Washington's attempts to derail China’s economy have largely fallen flat.

Subscribe to enjoy similar stories. WASHINGTON—Beachside luxury resorts. High-speed rail.

India’s merchandise exports rose to $38 billion in November, posting year-on-year growth of 19.36%—the strongest since June 2022. Notably, the US shifted from being a drag in recent months to a key contributor, with shipments rebounding after two consecutive months of decline despite higher tariffs remaining in place. Exports to the US grew 22.6% during the month.

Earlier this week, the government proposed major changes to the Mahatma Gandhi National Rural Employment Guarantee Scheme (MGNREGS) through the introduction of a new bill in the Lok Sabha. The Viksit Bharat-Guarantee for Rozgar and Ajeevika Mission (Gramin) (VB-G RAM G) Bill, 2025, proposes to increase the employment guarantee under the rural employment guarantee scheme. In 2025-26, the central government allocated ₹86,000 crore to MGNREGS, one of the biggest expenditure items in its budget.

Subscribe to enjoy similar stories. Shares of Zydus Wellness Ltd were trading near ₹403 when the company announced the acquisition of UK-based Comfort Click Ltd for about ₹2,380 crore on 29 August. The market initially welcomed the deal, pushing the stock to an all-time high of ₹530.90 on 19 September.

It’s a reasonable hope that no single platform comes to dominate India’s adoption of AI chatbots. Social media saw free services join forces with network effects to place all major formats under the control of X and Meta’s three popular platforms. November data from a report by Bank of America Securities suggests that we might escape that fate in the AI chatbot space.

On Thursday the Union government passed the Viksit Bharat – Guarantee for Rozgar and Ajeevika Mission (Gramin) Bill 2025 in the Lok Sabha, proposing a sweeping overhaul of India’s two-decade-old rural job guarantee programme. It has now been sent to the Rajya Sabha for discussion.The new bill seeks to replace the Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA), 2005 and the scheme named after it, MGNREGS, which has 260 million registered workers and covers 26,9000 gram panchayats across India.According to the government, the bill seeks to transform the nature of the scheme by bringing states in as partners, and resolve a longstanding problem in the rural job market—of MGNREGA jobs competing with regular ones when their wages are close to or higher than what local farmers or small contractors pay.Critics, however, say the bill significantly increases the financial and administrative burden on local governments as it passes on some of the wage costs – currently borne entirely by the Centre – to states.Mint takes a closer look at proposed changes, their implications, and the critisisms against them.In a statement on the new bill, the government said rural India has undergone a transformation over the past two decades.

Subscribe to enjoy similar stories. NEW DELHI: The Centre plans to scrap expiry-based licences for medical devices and introduce perpetual approvals alongside uniform lab testing rules, according to two officials and a draft notification reviewed by Mint.

Subscribe to enjoy similar stories. MUMBAI: The Securities and Exchange Board of India (Sebi) on Wednesday introduced a series of regulations for mutual funds, with changes to expense structures likely to have the most direct impact on investors. Here’s a closer look at what these rules entail and how they could affect the cost of investing in mutual funds.

Subscribe to enjoy similar stories. India, the country with the most number of women in the world, is making a sure, even if slow, shift towards menstrual cups (m-cups), makers of such cups and a recent study has shown. Primarily driven by cost savings in hygiene and ease of use, the increasing adoption of m-cups has an unintended outcome: a small dent in the staggering quantum of waste that India generates every year.

Subscribe to enjoy similar stories. More than a decade ago, this was a small, largely overlooked retail chain with a limited footprint. Its stores were concentrated in smaller towns, markets where a large share of India's population lives and spends, but organized retail penetration remained low.

India’s capital markets have grown by leaps and bounds since 1991, when economic liberalization began. Be it in terms of participation or infrastructure, they now compare with the best in the world. But this boom has been all but stolen by the equity market.When it comes to the market for debt, especially corporate bonds, ours lags woefully behind those of not just advanced countries, but many of our peers as well.

Subscribe to enjoy similar stories. The Los Angeles wildfires of nearly a year ago took an unexpectedly heavy toll on residents’ health, a new study found. An unusually large number of people suffered from heart attacks, lung conditions and a perplexing rise in unexplained illnesses, according to an analysis by researchers of emergency-department data at Cedars-Sinai, the largest hospital in Los Angeles County.

aid it wants to deploy around 30GW of wind capacity by 2030, or a third of the country’s 100GW target by then. Until recently, Adani’s turbine manufacturing was widely assumed to be a captive exercise, designed primarily to feed the group’s own rapidly expanding power needs. The Opera Energy order has punctured that assumption.

Subscribe to enjoy similar stories. NEW DELHI: The electric vehicles (EV) sector is expected to take centre stage in Punjab, as the state lines up an expanded package of incentives to attract fresh investments under the new industrial policy that is likely to be launched in January.