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

Subscribe to enjoy similar stories. About six months after China first began restricting the export of specific rare earth magnets, rattling manufacturers around the world, India announced a ₹7,280-crore incentive package on 26 November to set up five plants to produce rare earth magnets in the country.

Subscribe to enjoy similar stories. WASHINGTON—President Trump signed into law new powers to screen and restrict U.S. investment in Chinese technology firms, marking the most significant effort yet to police how American capital flows into businesses that bolster Beijing’s military and surveillance state.

Earlier this month, the Delhi high court, in separate judgements, allowed Dr Reddy’s Laboratories and Sun Pharmaceutical Industries to manufacture and export generic semaglutide to non-patent-holding countries. However, both companies cannot sell the drug domestically until innovator Novo Nordisk loses its patent-exclusivity rights in the country in March 2026.While experts said the move by Dr Reddy’s and Sun Pharma is to grab an early-mover advantage in selling the blockbuster weight-loss drug, the companies won’t be the first to enter non-patented markets.

Subscribe to enjoy similar stories. America needs foreign investors, and foreign investors need America. Yet clauses buried in the Republican budget bill in Congress are a threat to this crucial symbiosis.

Subscribe to enjoy similar stories. President Donald Trump addressed the nation on Wednesday night, extolling his economic record to date and promising a bright economic future for the U.S. in the year ahead.

China’s new economic model is putting the future of Asia’s Gen-Z at risk. The continent is home to some of the world’s most trade-oriented economies that rode globalization to lift the lives and livelihoods of hundreds of millions. But it’s now being hit by a double whammy: an export base that has come under pressure from a flood of cheap goods from China, unquestionably the region’s dominant power, and US President Donald Trump’s trade war.It is frustrating a generation already struggling with stagnant wages and soaring living costs.

Subscribe to enjoy similar stories. Mutual funds, whose plans to launch specialized investment funds (SIFs) are progressing slowly due to a shortage of skilled managers, are hiring expertise for running long-short strategies from alternative investment funds (AIFs), showed a Mint analysis. Suraj Nanda, the fund manager for equity and hybrid SIF at Tata Mutual Fund, was earlier running a long-short AIF at ICICI Prudential AMC.

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.

Mint in an interview that the company, which currently holds nearly 10% market share in the Indian smart metering space, aims to double its share in the next three to five years.Khaitan did not give a timeline for its public listing plans, but emphasized that the company is well-capitalized for expansion. “We are certainly looking at hitting the public markets.

Subscribe to enjoy similar stories. It is shaping up to be another difficult year for India’s tourism industry. Foreign tourist arrivals (FTAs) have struggled in the first nine months of the year and may once again fall short of pre-pandemic levels.

India has approached the World Trade Organization (WTO) for consultations with the European Union (EU) as the bloc’s proposed tariffs and quotas on ferro-alloy imports deepen worries about global trade uncertainty when the two parties are negotiating a free-trade pact.India has a substantial trade interest in the products concerned and has invoked provisions of the Agreement on Safeguards to seek consultations with the EU, according to the WTO document reviewed by Mint.The EU issued a notification last month, proposing a safeguard duty after claiming serious injury or threat to its domestic ferro-alloy industry due to rising imports.The EU imported iron and steel products worth about $4.25 billion from India in 2024, according to the United Nations COMTRADE database. Ferro-alloys such as silico-manganese, ferro-manganese and ferro-silicon, which are essential inputs for steelmaking in Europe, accounted for about $381 million.While total Indian exports to the EU in the category may be small, the EU’s move increases uncertainty even as the two sides are engaged in talks for a free-trade pact.

The bill was tabled by Shivraj Singh Chouhan, minister for rural development and agriculture & farmers’ welfare.Mint reported on 15 December that the proposed legislation seeks to provide a statutory guarantee of 125 days of wage employment, up from the current 100 days, in every financial year to each rural household whose adult members are willing to undertake unskilled manual work.The scheme will operate as a centrally-sponsored scheme, with the Union government bearing 90% of the financial burden for north-eastern and Himalayan states and Union territories, and 60% for other states. Respective states will need to stump up the rest.The expenditure under the scheme will depend on the number of persons reporting for work, the applicable wage rate, and the material and administrative components of the work.

The year that’s drawing to a close will be remembered as the point at which US President Donald Trump overturned the global trading system that had been in place since World War II. India has been a major target of Trumpian whimsy. It is now hard to believe that the world will go back to the old multilateral trading system even after Trump exits office.

The new National Security Strategy of the US seeks “strategic stability” with Russia. It declares that China is merely a competitor, that the Middle East is not central to American security, that Latin America is “our hemisphere” and that Europe faces “civilizational erasure.” India barely rates a mention; one might say, as Neville Chamberlain did of Czechoslovakia in 1938, that it’s “a faraway country... of which we know nothing.” Well, so much the better for India, which can take care of itself.The realpolitik of this document is breathtaking, yet the underlying logic is not stated.

It is welcome that the Delhi high court has rejected Novo Nordisk’s effort to extend its patent on specific formulations of the blockbuster drug semaglutide, sold as Ozempic to treat diabetes and as Wegovy for obesity. In 2013, India’s Supreme Court had set a precedent on patent ‘evergreening’ by way of offering it in a different form; it dismissed Novartis’s claim that its new variant of Glivec (effective against leukemia) deserved a separate patent from its original formulation since it offered better bioavailability and therapeutic efficacy without back-up evidence.

Subscribe to enjoy similar stories. SYDNEY—Arsen Ostrovsky’s wife and two young daughters were getting ready for the lighting of Hanukkah candles at Sydney’s scenic Bondi Beach on Sunday evening when Ostrovsky wandered off to get some food from a nearby stall. Then, at around 6:45 p.m., shots rang out.

Subscribe to enjoy similar stories. After four decades of shaping India’s mass car market, Maruti Suzuki is drawing on an old playbook as it prepares to enter the electric vehicle (EV) segment, choosing to build customer confidence and supporting infrastructure before launching its debut model. The move comes even as rivals scale up sales and questions persist over whether it has arrived late to the electric transition.

Subscribe to enjoy similar stories. Walmart-controlled Flipkart received a key approval to shift its domicile back to India, a prerequisite for a local listing, in a move that reflects a shift in India-US economic ties amid prolonged bilateral trade negotiations. The National Company Law Tribunal (NCLT) approved the re-domiciling scheme on Friday, according to an order reviewed by Mint.

Subscribe to enjoy similar stories. The father and son accused in Australia’s deadliest mass shooting in nearly 30 years had six licensed firearms at the scene, police said Monday, as emerging details about the attack spurred calls to strengthen the country’s gun laws. The assault by two gunmen on a Hanukkah celebration Sunday at Sydney’s Bondi Beach killed 15 people and stunned a country with strict firearms regulations and little gun violence.

Subscribe to enjoy similar stories. The rupee slipping past the ₹90 mark against the US dollar may sound like a problem mainly for travellers heading to the United States. But the reality is broader—and more expensive.