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₹8,790 crore in FY25. Based on an average exchange rate of ₹84.57 to a dollar during the period, the company recorded $1.04 billion revenue.However, JSW MG Motor India’s losses nearly doubled to ₹1,096 crore in FY25 from ₹586 crore in FY24, filings show, as the company slipped back into operating losses after posting its first-ever operating profit in FY24.JSW MG Motor, a joint venture finalised in 2024 between the JSW Group and China’s SAIC Motor, has emerged as one of the fastest carmakers to enter the $1-billion revenue club, achieving the milestone in nearly half the time its European peer Renault took to reach in India.

Dear reader, as 2025, a year of global tumult and volatility, rolled by, Mint's reporters and columnists looked 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] Delhi: For India, 2026 is shaping up as a pivotal year.

At the cusp of a new year, the global outlook appears increasingly grim. Escalating conflicts and resurgent authoritarianism are undermining domestic and international institutions alike, while rising wealth inequality is deepening economic insecurity and eroding social cohesion.Perhaps the most dispiriting development is the growing hatred of the ‘other.’ In country after country, political leaders increasingly dehumanize migrants and refugees, casting people fleeing poverty, persecution, and conflict as a mortal threat.

“al Qaeda of the Western Hemisphere,” U.S. officials have rallied domestic support for this more muscular foreign policy.For countries in the region, the new policy will set off a scramble to adjust. Pro-U.S., and pro-Trump, leaders like Argentina’s Milei and El Salvador’s Nayib Bukele have fared well.

India is making steady progress on artificial intelligence (AI). After chairing the Global Partnership on AI Council in 2024, the country is preparing to host the five-day India AI Impact Summit 2026 in New Delhi in mid-February. Apart from heads of state, CEOs of tech firms such as Google DeepMind, Anthropic, Adobe, Salesforce and Qualcomm are expected to attend.

Every month, Mint Plain Facts brings out an update on key global data to thread together the biggest developments in the world that are worth paying attention to. The accompanying analysis and charts explain how each story is creating ripples on the global stage, where it is headed in the coming weeks, and whether it can impact India.In 2025, major central banks began easing interest rates as inflation pressures moderated, but the pace and extent of cuts varied widely across countries.

Mint.The proposed change aims to build a comprehensive database of bulk drug traders, improve traceability of imported raw materials, over 70% of which come from China, and allow regulators to quickly identify and hold accountable specific dealers involved in the supply of substandard inputs in India’s $50-billion pharmaceutical market.The new mechanism would dismantle the umbrella approach in the current common licensing system for raw materials and finished medicines, give the Drugs Controller General of India (DCGI) a long-missing registry of nearly 1.2 million bulk drug traders, and significantly strengthen traceability and accountability in the country's pharmaceutical market.The government move comes in the backdrop of India’s reputation as the ‘Pharmacy of the World’ taking a hit due to deaths of children in Uzbekistan, Gambia, Cameroon and India linked to cough syrups manufactured by Indian firms.As per the officials, a draft notification is in the works for this separate licensing regime for active pharmaceutical ingredients (APIs), including bulk drugs and advanced intermediates, which were valued at approximately $3.5 billion in FY25.While the total value for India's total pharmaceutical-related imports—including finished products—for FY24 was approximately $8.2 billion, bulk drugs remain the dominant share of this inflow data from the Directorate General of Commercial Intelligence and Statistics and commerce ministry shows.India’s API market is projected to reach $38.13 billion by 2034, growing at a CAGR of 8.50% from 2025 to 2034, according to reports by research firms like Market Research Future.“The lack of transparency in the raw material supply chain was highlighted by recent reports of cough syrups

would run the country indefinitely until a “safe, proper and judicious transition” could be arranged. He didn’t raise the prospect of elections.The president said “it would be tough” for the country’s opposition leader, María Corina Machado, who recently won the Nobel Peace Prize, to play a major role, saying she lacked popularity.

Caracas will determine the fate of India's multi-billion dollar investments and hefty dividends.Indian investments in Venezuela have been stuck, said an official with an official with a state-run firm with major stakes in the country. "Volatility brings in concern, but we will have to watch out for the way forward. An opening-up of the market may allow more supplies," the official said on the condition of anonymity.ONGC Videsh Ltd (OVL), the overseas arm of Oil and Natural Gas Corp.

pulses was 926 kg per hectare as against a global average of 1,015 kg in FY25, the country’s cotton yield was 440 kg per hectare compared with a global average of around 820 kg during the period. India produced 25.6 million tonnes of pulses and 29.7 million bales of cotton in FY25, way below the country's domestic demand.As per the agriculture ministry's annual report for FY25, pulses were cultivated over 27.52 million acres, while cotton covered 13 million hectares across the country.“These new seed varieties will strengthen our pest and disease management systems, and expand field trials to speed up adoption at the farm level.

plea for peace was especially rich given his history as an M-19 terrorist.Millions of Venezuelan expat communities around the world erupted in celebration. For the first time in a quarter-century of authoritarian chavismo, a return to democracy and pluralism is possible. Venezuelans want to go home.But the job isn’t finished.

The government was paralysed, its leaders unable to change course because they were too weak, ideological or inept (and in some cases all three). It was only a matter of time until such gloom gave rise to another round of mass protest. The only question was what would trigger it.It came from an unlikely corner on December 28th, when electronics vendors in Tehran went on strike.

AI superpowers can engage in constructive risk management even as they compete vigorously for AI leadership.Moreover, diplomats and experts from our two countries had also met earlier in 2024, in Geneva, for an extended session dedicated to AI risks. It was the first meeting of its kind, and though it didn’t produce any significant results, the very fact that it occurred was an important step, and both sides did manage to identify critical areas of risk that required further work.Now, as the momentum behind AI development and deployment, both civil and military, gathers pace, the US and China need to build on this foundation by pursuing sustained, senior-level diplomacy on AI risks, even as each strives for the lead in the AI race.

nuclear arsenals are growing, and the weapons themselves are becoming more lethal, more diverse, and more vulnerable. Arms-control talks have stalled, and most agreements have expired or been so hollowed out as to have lost all credibility.

The growing popularity of obesity drugs is expected to spur Indian pharma companies to sign licensing partnerships and distribution deals as they eye the lucrative segment. Indian companies started signing big-ticket deals with innovators for novel GLP-1s, as well as generic versions, last year.

Venezuela, the brutal civil war in Sudan, and the continuous instability in the Middle East, to the war in Ukraine and the growing tensions in the Taiwan Strait. All these crises have global implications.In the face of these myriad emergencies, it is no surprise that the West, broadly understood, is contending with its greatest challenge in decades. At the root of this challenge lies a sense of civilizational exhaustion, of which our adversaries have taken notice, confident that their time has come.But has it? More than 1,350 days have passed since Russia launched its three-day “special military operation”—its illegal and unprovoked war of aggression—against Ukraine.

2014 invasion of Crimea, when the West told Ukrainians to stand down and tacitly accepted Russian control of the peninsula. On the eve of the 2022 full-scale invasion, we prepared to support a long Ukrainian guerilla war against Russian occupation and were cautious about giving the Ukrainian government weapons that we assumed would only fall into Russian hands. As the Kremlin’s tanks crossed the border, we offered President Volodymyr Zelensky an escape route, so he could lead Ukraine’s government in exile.Even after the Ukrainian people showed that they had the will and the strength not to be conquered, we have been collectively hesitant about giving them the tools that they need to win.

Ukraine but also in the rising number of civil wars (in Sudan and Ethiopia, to name only two) and cross-border conflicts elsewhere. So, from the perspective of the end of 2025, it looks as if this decade will be remembered for a global pandemic, the first war waged by a great power in Europe since WWII, Middle East carnage, a deepening climate crisis, and disorder.But recall that in 1941—when the rise of fascism had plunged the world into even more widespread war and despair—something unexpected happened.

Mint in an interview.From JSW Paints acquiring AkzoNobel to Torrent Group acquiring J.B. Chemicals & Pharmaceuticals to Bajaj Finance buying out Allianz, growth-hungry Indian business groups are now making substantive M&A moves, he said.“We have seen that capital from global investors is headed towards India, and domestic capital continues to flow unabated.

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] DELHI: India’s energy transition has come a long way, with 50% of the country’s electricity generation capacity already coming from non-fossil sources led by solar and wind.

globalization. Faced with so much chaos and uncertainty, can we say anything with confidence about where the US and global economies are heading?One thing we can say is that the US economy is not doing as well as Trump, ever the con man, would have us believe.