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Ever found your mobile phone's signal to be patchy while waiting for a flight? That’s because telecom operators can’t provide stronger signals near airports, as these can interfere with a small cockpit tool—a radio altimeter.The electronic gauge, which measures the altitude of an airborne plane, feeds data to multiple automated systems on board. A wrong reading can be a safety risk, especially during poor visibility.

₹180 crore, in a Series A funding round led by Greenoaks Capital, as investors bet on rising demand for artificial-intelligence (AI) computing infrastructure. Existing investors RTP Global and Unicorn India Ventures also participated.“Our larger ambitions entails now building a full stack new cloud platform,” said Abhinav Sinha, co-founder and chief executive at Nava (formerly Kluisz.ai), in an interview with Mint.

₹45 lakh to the tax department. Until the last financial year, only property sales, not gifts that did not involve a sale, were reported.“Registrars will now submit a SFT (Statement of Financial Transaction) with details of such transactions and it will reflect in the taxpayer’s AIS (Annual Information Statement).

₹10,900 crore production-linked incentive (PLI) scheme for the food processing sector has delivered on several fronts, drawing investments and expanding capacity. But questions remain on whether it has actually delivered as expec­ted.With the Indian Institute of Management Ahmedabad (IIM-A) now examining why several PLI schemes have underperformed expectations, Mint explains whether the needle has moved beyond headline investments to sustained value addition.The PLI scheme for the food processing sector is designed to support food manufacturing companies that meet minimum sales thresholds and commit to investments for expanding processing capacity and building global brands.The scheme, being implemented for six years till FY26-27, seeks to create globally competitive food manufacturing champions.

Shares of Asian Paints Ltd, Berger Paints India Ltd and Kansai Nerolac Paints Ltd rallied 3-5% on Wednesday as crude oil prices eased. Following the news of a two-week ceasefire in the West Asia war, Brent crude slipped to around $93 a barrel from a closing high of $107.9 a barrel on 18 March.Crude derivatives such as solvents, resins and binders comprise around 40% of the raw material basket for paint companies, so higher oil prices weigh on gross margins.

SMS Integrated Facility Services from private equity firm Samara Capital for an enterprise value of about ₹270 crore in February.The acquisition marked SILA’s push to deepen its presence in integrated facility management.Founded by brothers Rushabh and Sahil Vora in 2009, SILA operates in more than 125 cities across India, managing over 450 million square feet of real estate with a workforce exceeding 60,000.The company delivers integrated, tech-enabled services spanning facility management, material handling equipment leasing, food catering, and real estate advisory—serving large corporates, funds, and developers across the full asset lifecycle.“Our focus is on leveraging technology to drive efficiency, transparency, and service quality at scale across India’s built environment,” the Vora brothers said in the statement on Wednesday.Its real estate development arm, SILA Estates, is currently developing over 1 million square feet of premium residential and commercial projects across Mumbai.In FY25, the company reported operating revenue of about ₹913.9 crore, up from ₹713 crore a year earlier. Profits widened to ₹11.5 crore compared to ₹9.1 crore in FY24, according to an Icra report.Norwest Venture Partners first acquired a stake in SILA in August 2019 and has invested around ₹110–120 crore in the company over the years.

₹2980 a share (30 shares make one contract) , implying a range of 49720- 55680 from yesterday through 28 April when the contracts expire.That works out to an 11.3% range over Tuesday's closing. Any breach of this range will expose them to huge losses.The Bank Nifty comprises 14 stocks led by HDFC Bank, ICICI Bank , Axis Bank , SBI and Kotak Mahindra Bank. Ram Sahgal is a deputy editor at Mint.

As artificial intelligence (AI) reshapes global tech spending, India’s IT services majors are responding with a leadership reset. New chief AI roles, dedicated business units, and AI-linked revenue disclosures point to a structural shift in how the sector is gearing up for growth in the automation era.This shift is already visible in the pace of leadership changes.

Stock market recap: Nifty 50 rebounded sharply on Tuesday, gaining 155.40 points (0.68%) to close at 23,123.65, marking its fourth consecutive session of gains. The index opened weak, falling more than 120 points and slipping nearly 1% amid concerns about escalating US-Iran tensions and rising crude oil prices.

Mint from hotel chains and hospitality consultancies, at least three companies—including Radisson and Marriott—have already signed up with over a dozen hotels this calendar year, growing on the back of a big domestic tourism boom and a greater demand for branded experiences.Last week, Hyatt signed two new hotels with the Brigade group in Chennai and Bengaluru, while IHG Hotels signed a hotel in Delhi's Nehru Place while ITC Hotels signed a Storii branded hotel in Mukundgarh Fort Hotel in Rajasthan."In 2026 so far, we have already added nine new hotels signed across markets. Our development strategy remains focused on a balanced mix of tier-1, -2, and -3 markets," said Nikhil Sharma, managing director and chief operating officer, South Asia, for the Radisson Hotel Group.That is the appeal of the asset-light model that now dominates much of the branded hotel business.

The global landscape has shifted significantly over the past few weeks, triggered by the unfolding geopolitical complexities in West Asia.As we stepped into 2026, the sentiment was one of cautious optimism. The probability of a global recession appeared slim, and investors were pivoting aggressively toward growth assets.

on Tuesday to the Department of Consumer Affairs and some of the leading jewellery retailers, such as Tanishq, remained unanswered till press time.Tightening the framework will strengthen consumer trust, bring greater transparency and accountability in the hallmarking system, and ensure declared purity matches the product sold, said Ashim Sanyal, chief executive officer, Consumer Voice, a consumer rights’ advocacy organization.In October 2025, the Department of Consumer Affairs, through its quality standards arm BIS, launched a pilot project in 25 districts to digitally capture jewellery details. BIS recorded the photograph and weight of each hallmarked jewellery item on its portal using integrated cameras and weighing systems, reducing manual errors and improving transparency.“The pilot was a huge success, and based on its outcome, a stricter framework is now being planned for rollout across the country,” the second person said.Hallmarking was introduced in 2000 and made mandatory in phases from 2021, now covering about 400 districts.

₹25,000. By late February, as war broke out across West Asia, it had nearly doubled to ₹45,000.

The dollar has been winning against gold. Since the start of the Iran war on 28 February, the dollar has strengthened against most major currencies. In an earlier oped in Mint on 9 March (bit.ly/413F9Ry), I delved into the anomalous trend of the dollar strengthening by 1.5% and gold weakening by 1%.

Delhi-based Deepak Kakkar didn’t think of caregiving as a financial line item until it became one. When his septuagenarian father’s health declined due to liver cirrhosis in 2024, the immediate concern was medical treatment. But within weeks, he could see his monthly household budget change completely.

The Reserve Bank of India (RBI) recently issued draft amendments to its Responsible Business Conduct Regulations. These cover the advertising, marketing and sales of financial products and services by banks, non-bank financial companies and other all-India financial institutions either by their own staff or by direct sales or marketing agents. The most consequential element in RBI’s proposals is that for the first time they define ‘mis-selling’ to include any sale of a product or service that is neither suitable nor appropriate for a customer profile even with customer consent.

With under-recoveries of fuel retailers exceeding last week’s cut in special excise duty and the war in West Asia still in escalation mode, pressure on their margins is likely to continue. By the government’s estimates, oil companies are suffering losses of about ₹24 per litre on petrol and ₹30 per litre on diesel.

West Asia have already come to a halt due to the ongoing war, and the rising freight cost is acting as a stumbling block in exporting to other nations."We had a meeting with officials of DGFT (Directorate General of Foreign Trade), commerce ministry, Export Credit Guarantee Corporation of India, and Ministry of Ports, Shipping and Waterways and highlighted the plight of basmati rice exporters,” said Ajay Bhalothia, general secretary, All India Rice Exporters Association (AIREA).“We were assured by government stakeholders that the Ministry of Shipping would shortly meet major shipping line operators to address the escalating logistical challenges including high freight rates," Bhalothia added.Shipping disruptions, along with rising freight and insurance costs, are posing a significant threat to India’s nearly $6 billion basmati rice trade. The concern comes amid mounting uncertainty over consignments headed to the Gulf region, which accounts for about 60–70% of India’s total basmati exports.Another exporter, who was also in the meeting, confirmed the development.

India’s petroleum reserves have come under scrutiny since the outbreak of the West Asia war, with concerns intensifying as government data showed India’s current capacity in strategic reserves can only cover roughly five-six days of total consumption.Now, this is not as alarming as it seems, as India’s overall capacity is much higher. However, the current crisis has put a spotlight on India’s limited ability in the face of severe shocks to oil, gas and petroleum product supply.India currently has three strategic petroleum reserves (SPRs)—buried in underground caverns—in Visakhapatnam, Mangaluru, and Padur.

Mint explains what cold-water fisheries are, why they matter, and what challenges remain.Cold-water fisheries refer to aquatic systems with low temperatures and high dissolved oxygen, making them ideal for species such as Trout and Mahseer.In India, this segment is concentrated in the Himalayan belt, parts of the Northeast, and select peninsular highlands. It spans Jammu & Kashmir, Ladakh, Himachal Pradesh, Uttarakhand, Sikkim, Arunachal Pradesh, and parts of the Western Ghats and Northeast, covering over 5.33 lakh sq.

Stock market recap: The Indian stock market saw strong buying interest on Tuesday, 24 March, with the benchmarks — Sensex and Nifty 50 — rising about 2% each.BSE barometer Sensex jumped 1,372 points, or 1.89%, to close at 74,068, while the Nifty 50 rose by 440 points, or 1.78%, to settle at 22,912. The BSE 150 Midcap index and the BSE 250 Smallcap index added 2.5% and 2.2%, respectively.Investors earned ₹8 trillion in a single session as the cumulative market capitalization of BSE-listed firms rose to nearly ₹423 trillion from ₹415 trillion in the previous session.Buy: Sai Life Sciences Ltd (current price: ₹1,005)Buy: Tech Mahindra Ltd (current price: ₹1,433)Nifty 50 performance on 24 MarchNifty 50 opened on a positive note at 22,878.45 and maintained strength through the session, reflecting sustained buying interest at lower levels.