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Generative AI is trained on vast amounts of information to “understand” and generate human-like language. In simple terms, it functions like a super-intelligent research assistant for tax departments.One of its most immediate applications is document summarization.

Rachel Fox is a video reporter for Investor’s Business Daily. Follow her on X at @IBD_RFox.

₹1,000 crore ($111 million), said two people in the know of the developments.An announcement is expected on Monday."The deal value for the acquisition is around ₹1,000 crore. With the slew of fresh acquisitions, Inox Clean may soon file a fresh DRHP (draft red herring prospectus) for its public listing," said one of the two people mentioned above.Mint had earlier reported that SHV Energy has appointed BNP Paribas to sell the solar energy assets of SunSource Energy in a deal having an equity value of around $100 million.

The share prices of domestic steel producers have risen by 4-6% since 30 December after the finance ministry notified the extension of safeguard duty imposition on steel imports, as per the recommendation of the director general of trade remedies. The big gainers here are JSW Steel Ltd and Jindal Steel Ltd (formerly Jindal Steel & Power Ltd), which increased 6%.The duty would be levied for three years on most grades of flat steel products at 12% for the first year, 11.5% for the second and 11% for the third year.

₹1.77 trillion, surpassing the 2024 high of ₹1.73 trillion.“A key catalyst was the primary market cycle, including widely recognised names such as Tata Capital, Meesho, Lenskart, LG Electronics, PhysicsWallah and ICICI Prudential–where familiar brands significantly lowered entry barriers for first-time investors across smaller towns,” said Ankit Mandholia, head equity and derivatives, wealth management at Motilal Oswal Financial Services.The growth in new investors from some of these states comes even as the active investor count has fallen from the post-pandemic highs amid global uncertainty and the Sebi’s crackdown against retail trading in the futures and options (F&O) markets.While state-wise data for individual investors is not available, the number of investors pan-India who traded in the cash segment at least once a year fell 8% in 2025. But those trading in the equity derivatives segment fell 25%, showed NSE data, indicating that new investors are participating in the cash market.Across regions, the entry pattern is consistent: the vast majority of new investors begin in cash equities and IPOs, while F&O participation remains a relatively small fraction, said Arief Mohamad, chief business officer-direct business, Angel One.

Mint analysis, this is the third straight quarter where brokerages have outlined sequential growth below 4%, signalling a tempered outlook. This follows efforts by companies to pursue new growth avenues.TCS and HCLTech release their December quarter earnings on 12 January, Infosys on 14 January, and Tech Mahindra on 16 January.

₹37 trillion. Also, only 66 of the 291 operational central PSUs were listed on India's stock exchanges.The listed companies had a market capitalization of ₹38.57 trillion as of 31 March 2025, according to the department of public sector enterprises.Panda said that the 22-member parliamentary panel plans to review close to two dozen public sector enterprises by the end of its current term, compared to four in the last year of the previous Lok Sabha. COPU, comprising 15 Lok Sabha members and seven Rajya Sabha members, is reconstituted every year.The current 18th Lok Sabha has a five-year tenure that began in June 2024.Panda said that the committee, in its first year—August 2024 to April 2025—under his chairmanship in the current Lok Sabha delivered 12 reports, a three-fold increase from the reports presented in the panel's last year in the previous Lok Sabha.

Mint.During the hour-long meeting, X executives explained how the image-editing feature functioned. They offered an example: if billionaire Elon Musk appeared in a photograph alongside other technology executives and users prompted the tool to remove “the most racist person”, Grok might remove Musk, this person said.The explanation failed to reassure regulators.

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.

Mumbai: Come January, thousands of people across India will be getting into their running shoes, perfecting their pace, getting together for practice runs in the morning, perhaps exchanging notes on their performance, sharing Strava screenshots of their completed runs, all to line up in the wee hours for one of the tens of major marathons India’s major cities will host this month and the next.Distance running—from the humble 3K and 5K for beginners to the humbling half- and full-marathons—has slowly become a national obsession as getting fit becomes aspirational. Nearly all of India’s major cities are host to at least one major marathon with an impressive title sponsor, while smaller cities and towns too begin hosting local races.More than 20 years after the Mumbai Marathon was started and became India’s biggest running event, distance running has become a serious business enterprise, generating hundreds of crores in direct revenue from participation fees and sponsorships along with additional money made from participants buying goods and travelling to these races.Marathons and other distance running events are driving annual revenue of ₹250-300 crore in the sale of clothes and shoes, travel, hotels and other components of the ‘running economy’, according to a September 2025 report by consulting firm KPMG.

Mint had earlier reported that the central government was developing an incentive framework to improve financing options for electric trucks and buses, as limited access to affordable credit remains a key obstacle to India’s green mobility transition.About 4,000 e-buses are sold in India each year, according to data from the government’s Vahan registry. As per the latest publicly available annual report of the ministry of road transport and highways (MoRTH) for FY25, around 145,000 buses were operated by 61 state transport utilities.

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.

On Christmas Eve, Nvidia announced a deal to license technology, acquire assets, and hire key team members from AI chip startup Groq. Valued at $20 billion, the deal is one of the largest in the sector and has reignited concerns about a possible AI investment bubble and ‘circular financing’ by companies in the space.However, there are positive signs as well.

From the Sensex delivering over 9% return in 2025 to industrial output rising to a two-year high, Indian exports getting zero-duty access to Australia, the US’s humanitarian aid commitment to the United Nations plunging to the lowest in over 25 years, and a sharp rise in bank fraud amount—here's a compilation of this week's news in numbers. The Indian stock market remained resilient in 2025 despite several external risks like US tariffs lingering throughout the year. The BSE Sensex gained 7,082 points in 2025, recording an increase of 9.1%.

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] volume at the growth stage and private equity level, in the $30-100 million range, has increased from last year, even as the number of mega deals (greater than $100 million) in the Indian market has decreased.

The KG‑D6 oil and gas block in the Bay of Bengal has been at the centre of two disputes involving its operator Reliance Industries, India’s most valuable company, after failing to live up to its potential. Reuters reported earlier this week that the Indian government is seeking a multi-billion-dollar compensation from the Mukesh Ambani-led company.

ITC will have to increase product prices, which won’t go down well with consumers, so investors can expect the company’s cigarette volumes to drop in FY27. Moreover, higher taxes on cigarettes could boost sales of illicit cigarettes and, as a result, dent ITC’s volumes.Unsurprisingly, analysts have cut their earnings estimates for FY27, and some have also downgraded their rating on the stock.

₹638 crore penalty order from the office of the additional commissioner, Central Goods and Services Tax, Ahmedabad. The company said it does not agree with the order and will pursue legal remedies.The disclosure came close on the heels of developments around its long-running adjusted gross revenue (AGR) dues, which have kept the stock volatile.The Centre has reportedly approved a relief package that freezes Vodafone Idea’s pre-FY18 AGR dues, estimated at ₹87,700 crore, and grants a five-year, interest-free moratorium, pushing payments out to FY32-41.

The government is discussing an extension or a completely new production-linked incentives plan for assembling mobile phones in India as the existing ₹40,995 crore scheme is set to expire in March, according to a top government official.A final call on the exact contours of the new or an extended mobile phone PLI scheme has not been taken, and the quantum of incentives has not been decided, S Krishnan, secretary at the ministry of electronics and IT (Meity), said in an interview.“There’s an analysis which shows that some degree of disability continues in the mobile phone electronics industry. While the situation has improved significantly, there still are areas that require improvement and support.

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] Centre is shaping a wider and more deliberate standards strategy for 2026, moving to realign Quality Control Orders (QCOs) with actual testing and laboratory capacity while easing friction with key trading partners.

India’s quick commerce battle is set to turn even more intense in 2026 even as companies delivering groceries to electronics within minutes chase customer loyalty and improve unit economics.The ongoing year saw an explosion of the rapid delivery segment as companies expanded beyond metros to tier 2 and 3 cities, added more warehouses and went beyond everyday essentials, burning even more cash to win over customers.Backed by fresh funding, the three dominant players–Swiggy’s Instamart, Eternal’s Blinkit and Zepto–will look to create profitable models to solidify their market position in the coming year, according to industry executives.“Expect sharper credit terms with brands, stricter expiry control, and consolidated city hubs,” said Madhav Kasturia, founder and chief executive officer of hyperlocal delivery platform Zippee. “Capital sets the pace, but execution still decides who can convert density into contribution profit every single week.”Swiggy raised ₹10,000 crore in fresh capital via a qualified institutional placement (QIP) on 13 December, two months after Zepto raised $450 million at a valuation of $7 billion, led by US-based pension fund California Public Employees’ Retirement System (CalPERS) in October.