MET Financial News
22.01 / 14:49
markets
UPS
MET
Manufacturing
innovations
International
Pan-India growth, private investments helped us become IPO-ready after 60 years: Duroflex
Subscribe to enjoy similar stories. Bengaluru: After more than six decades as a privately held, family-run business, mattress maker Duroflex believes it is ready for the public markets, top executives of the company told Mint. The company’s evolution from a regional manufacturer to a national contender was driven by meeting specific internal benchmarks.“When we started the business, we had certain milestones in mind before we went public, including national expansion, revenue growth, and trade touchpoints," Jacob George, chairman and managing director of Duroflex Group, said in an interview.
19.01 / 06:49
MET
Mobile
President
War
country
Latin
Trump wants Venezuela’s oil. History says tread carefully.
Subscribe to enjoy similar stories. Latin America’s vast natural resources have been a draw for U.S. interests across history and industries—from Alexander Hamilton to President Donald Trump, and from Ford Motor to Exxon Mobil.
10.01 / 02:07
markets
MET
Career
security
Research
Trade
Ketan Parekh, the persistent ghoul of Dalal Street
Subscribe to enjoy similar stories. Ketan Parekh was a serial entrepreneur of systemic rot. First penalized for his role in the 1992 securities scam, he resurfaced by the turn of the millennium with a personalized version of market manipulation that eventually bore his name.
27.12 / 03:03
markets
MET
ETF
Trade
Experts
Diversity
Updates
Why experts warn caution on gold, silver after stellar gains
After a two-year run of stellar gains, US traders are signalling far more modest returns for gold and silver in 2026, possibly driven by lower central bank purchases, a stronger dollar, and moderating safe-haven demand, according to experts.Analysts and financial planners are warning domestic investors to brace for bouts of volatility next year, with corrections in silver likely to be sharper, even though expectations could shift with changes in global macro conditions—such as interest rate moves or rising economic uncertainty.Trader bets on Comex, the world's most diverse derivatives marketplace, show they expect the most liquid gold futures contractto rise 3.4% and silver 3% by December 2026 from Wednesday’s (24 December’s) closing of $4,503 and $71.68 per troy ounce (31.10 gm), respectively, per Bloomberg data.In 2025, Comex generic gold and silver futures rose 67.8% and 127%, respectively, from 1 January to 24 December, the data showed.Indian gold and silver prices tend to mirror international prices as most domestic demand for both metals is met through imports.Even as the Nifty 50 gave 12% returns in the current fiscal year (FY26) through 19 December, gold ETF (exchange-traded funds) prices surged 45% to ₹11,400 per gm while silver doubled to ₹200 per gm in the same period, based on the Securities and Exchange Board of India’s (Sebi’s) formula for ETFs using global benchmark London Bullion Market Association (LBMA) prices, excluding GST.In the previous fiscal, gold and silver ETFs gave 35% returns, while the Nifty returned just 5%.Sensing the warning signs, analysts and financial planners have called for caution, especially as Indian investors continue to diversify portfolios through gold and silver ETFs.Amol
26.12 / 03:45
markets
MET
Gap
Assurant
symptoms
Updates
RBI’s liquidity infusion: It may relieve the symptom but not the real problem that Indian banking must confront
₹1.5 trillion during the period since RBI’s Monetary Policy Committee met in October 2025.Despite this, in its policy announcement of 5 December, the central bank said it would conduct OMO purchases of government securities (G-Secs) amounting to ₹1 trillion this month, apart from 3-year dollar-rupee buy-sell swaps of $5 billion—only to double the quantum of both within a space of less than three weeks.Last Tuesday, RBI announced OMO G-Sec purchases of ₹2 trillion and a forex swap auction of $10 billion for a tenor of 3 years to be held on 13 January 2026. While bankers say liquidity typically tightens as the year nears its end, RBI has not explained what has changed to make it literally double down on infusion.Yes, like other central banks, RBI is expected to function as a lender of last resort.
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.
23.12 / 11:37
markets
COST
UPS
MET
rights
Updates
Why Shree Cement’s H.M. Bangur is sitting out of India’s aggressive cement bidding wars
Mint for a rare interview at his house near Mumbai’s Peddar Road—other residents in the area, also called the ‘billionaires row’, are Mukesh Ambani and Sajjan Jindal.Unlike the skyscrapers that dot the neighbourhood, Bangur’s home is a two-storeyed haveli called Mohini Mahal. Dressed in a fading lavender polo shirt and black, loose-fitting trousers, one would be forgiven for mistaking the septuagenarian businessman for a retired professor sharing his time-tested thesis with the three scribes. But under that mild demeanour hides one of the corporate sector’s shrewdest strategists.In a 90-minute conversation, Bangur spoke at length about his business philosophy and why Shree Cement—the third-largest cement maker by capacity in India—hasn’t joined the top two players in their inorganic expansion spree.
18.12 / 17:43
MET
Fighting
War
Battlefield
show
Ukraine's Zelensky warns of dire battlefield if Europe doesn’t tap Russian assets
Subscribe to enjoy similar stories. BRUSSELS—Ukraine will be both forced to slash drone production and undermined in negotiations with Washington if European Union leaders fail to back a $105 billion loan to keep Kyiv fighting against Russia, President Volodymyr Zelensky said. The EU says Ukraine will run out of cash in the spring.
18.12 / 07:37
markets
MET
Digital
security
Bill
Trade
Don’t dismiss stablecoins as useless—they tell us something that fiat money cannot
The Reserve Bank of India’s deputy governor T. Rabi Sankar recently responded to a question at a Mint conference on whether stablecoins have a role in the financial system by saying they serve no purpose that fiat money cannot serve. We respectfully disagree.
17.12 / 00:37
markets
UPS
Provident
MET
security
track
RailTel plans to partner with Elon Musk's Starlink. Why it may be great for both
RailTel Corp., a state-owned telecom infrastructure and connectivity provider, is in talks with Elon Musk’s Starlink to offer retail broadband services to its users in remote areas using satellite internet, according to two officials aware of the matter.“The discussions have picked up pace with Starlink, but commercials are yet to be finalized. Starlink team has also met RailTel’s officials in New Delhi,” the first of the two government officials said, requesting anonymity as talks are private.
15.12 / 02:19
markets
MET
Football
stars
reports
Updates
Mint Quick Edit | Messi frenzy in Kolkata: How scarcity pricing can go awfully wrong
A simple market rule-of-thumb has long taken hold. If demand for something vastly exceeds supply, price it—so that those willing to pay or outbid others get the privilege. This may have motivated ticket prices ranging from ₹3,800 to ₹11,800, as reported, for a seat in Kolkata’s Salt Lake Stadium to catch a glimpse on Saturday of star footballer Lionel Messi.
09.12 / 01:07
08.12 / 02:05
markets
UPS
MET
Remark
Netflix
Warner Bros
reports
Trump raises concerns about Netflix-Warner deal
Subscribe to enjoy similar stories. WASHINGTON—President Trump said Netflix’s $72 billion deal to acquire Warner Bros. “could be a problem" because it would result in a large market share for the streaming giant, signaling possible government resistance in his first public comments about the sale.
05.12 / 02:45
UPS
MET
Pool
Celebrity
fun
Relationships
From French toast Tuesdays to silly movie nights—the quiet rituals that keep friendships alive
Subscribe to enjoy similar stories. Farhina Ahmed, 23, looks forward to October each year, when she meets Julia, her friend from Spain. They first met in 2022, striking up a conversation by the pool of their Jaipur hotel.
06.04 / 14:07
MET
Election
President
country
Congress' Ahmedabad session to be its 6th in Gujarat; to put spotlight on legacy of Mahatma Gandhi, Patel
Congress has had a historical connection with Gujarat as its stalwarts, Mahatma Gandhi and Vallabhbhai Patel, hailed from there and the party has held five of its sessions in the state, with each of those contributing in shaping the country's history. The upcoming All India Congress Committee (AICC) session in Ahmedabad on April 8-9 will be the party's sixth in the state and the second post independence. It will also be the Congress's third session in Ahmedabad since its formation in 1885. In a video statement, Congress general secretary in-charge of Gujarat affairs Mukul Wasnik said on Sunday that the session would be attended by party president Mallikarjun Kharge, former party chiefs Sonia Gandhi and Rahul Gandhi and other top leaders. He said all key issues facing the country and political challenges will be discussed at the session and the direction of Indian politics shaped. A couple of days before the session, Congress general secretary in-charge communications Jairam Ramesh put out on X the official records of the past sessions held in Gujarat.
06.04 / 06:33
Hollywood
MET
Instagram
stars
Videos
When Diljit Dosanjh met Will Smith: Indian global sensation becomes bhangra tutor for Hollywood's heartthrob. Watch video
collaboration, global music sensation Diljit Dosanjh recently turned bhangra tutor for none other than Hollywood superstar Will Smith. The two stars met and had a blast, grooving to the beats of Diljit's hit track, «Case,» and sharing a heartwarming moment on social media. On Sunday morning, Diljit took to Instagram to share the fun-filled video of the duo dancing together.
06.04 / 04:03
MET
Actor
love
actress
stars
Interviews
Samantha Ruth Prabhu's ex-husband Naga Chaitanya reveals what he would do if they met
Naga Chaitanya and Samantha Ruth Prabhu were once one of the most loved couples of Tollywood. Since the duo announced their divorce in 2021, fans have speculated what drove the once much-in-love pair apart. Chaitanya has moved on from the separation. He is now married to ‘Made In Heaven’ actress Sobhita Dhulipala. In a 2022 interview with Bollywood Bubble, the ‘Yeh Maaya Chesave’ actor was asked what he would do if he met his ex-wife, to which he said, “Say hi and give her a hug.” In a recent episode of the Raw Talks With VK podcast, he praised Samantha for moving on after the much publicised separation with dignity.
06.04 / 01:33
UPS
MET
Waters
Parke
Celebrity
Traffic
Massive turnout at Ayodhya’s Ram temple: Devotees take holy dip, witness Surya Tilak on Ram Navami
Ayodhya became the spiritual epicentre of India. Tens of thousands of devotees poured into the temple town to mark Ram Navami, the birthday of Lord Ram, with devotion, prayer and celebration. The day began with ritual baths in the Saryu River, a tradition followed by pilgrims before entering the Ram Janmabhoomi Temple. The temple itself had been transformed into a visual spectacle—bright lights, intricate flower arrangements and chants filled the air. A devotee at the site said, “…I am feeling very good after coming here… The arrangements here are very good…” Another, who travelled from Varanasi, shared, “I have come from Varanasi to offer prayers at Shri Ram Janmabhoomi Temple on the occasion of Ram Navami…”
05.04 / 18:49
MET
Racing
WhatsApp
community
President
peace
First political talks since President's Rule: BJP MLAs meet Assam CM over Manipur crisis
President's Rule was imposed in February, seven MLAs from BJP and its allies met Assam CM Himanta Biswa Sarma in Guwahati, seeking his help in restoring peace and exploring leadership options in Manipur. Sarma is likely to visit Manipur on June 10. MLAs present included BJP's K Govindas Singh, L Susindro Meitei, JDU's Abdul Nasir, and NPP leaders Shanti Singh and M Rameshwar Singh.
05.04 / 09:07
UPS
MET
Man
Justice
Courts
From Rs 65 LPA to Rs 2.4 LPA: In divorce case, High Court questions techie's sudden drop in salary
Bombay High Court recently imposed a Rs 1 lakh fine on a man for deliberately avoiding maintenance payments to his wife and minor daughter. The fine must be paid to the wife within four weeks. The case involved a techie who claimed he could not afford to pay Rs 30,000 per month in maintenance, as ordered by a civil court. However, the court found that he was earning Rs 65 lakh per year—about Rs 5.5 lakh per month—when he took the job in August 2021. Just four days after joining, he claimed that he met with an accident and went on medical leave for two months. He later resigned in February 2022 and took up a lower-paying job with a salary of Rs 20,000 per month. Despite this claim, Justice Madhav Jamdar noted several inconsistencies. The man failed to mention the accident in his earlier court filings and only referred to it in a February 2024 reply to a contempt petition. The judge also pointed out that the husband continued to list his income as Rs 35–50 lakh on matrimonial websites until November 2023, suggesting he was hiding his true financial situation. The court further observed that between February 2021 and January 2022, the man transferred Rs 34 lakh to his mother and brother, likely to shield his assets. Justice Jamdar concluded that the husband made a “systematic attempt” to make any maintenance order unenforceable.
05.04 / 07:03
MET
Ball
Sustainability
WhatsApp
voice
stars
CSK vs DC Playing 11: Chennai Super Kings and Delhi Capitals' predicted playing XI for today's IPL match
IPL 2025 campaign in style, sharing the top spot with Punjab Kings (PBKS), while Chennai Super Kings (CSK) find themselves under pressure after a rocky start. CSK has suffered back-to-back losses — including their heaviest-ever defeat at Chepauk against Royal Challengers Bengaluru (RCB) and a narrow miss against Rajasthan Royals (RR). With the team returning home this Saturday, they'll be hoping to turn things around at their fortress. However, concerns linger over captain Ruturaj Gaikwad’s fitness after he sustained an injury in the previous game. Should he be unavailable, veteran MS Dhoni is expected to take over the captaincy reins once again. Frustration has also been building within the CSK camp regarding pitch conditions. Following the RCB loss, head coach Stephen Fleming was seen inspecting the surface with the curator. He later voiced concerns about the Chepauk pitches, which have failed to offer the spin support CSK had banked on while assembling their squad. ALSO READ: MS Dhoni to return as CSK captain against Delhi Capitals? Shane Watson drops a big hint
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