Updates Financial News

08.05 / 07:05
UPS Entertainment film audience Videos Updates High budgets, low impact: Bollywood's VFX-laden mega-films struggle to meet audience expectations
Subscribe to enjoy similar stories.Despite betting on VFX-driven, high-budget spectacles to lure audiences in droves to cinemas, Bollywood has largely been unable to crack the visual effects game.This was particularly evident in the recent criticism of the trailer for the first instalment of the mega-budget, two-part Ramayana franchise. The major criticism was that despite a reported ₹4,000 crore production budget, the visual effects seemed artificial and video game-like, and that they appeared ‘too digital’ and lacked soul.Experts said not only are Indian movie budgets much lower than in Hollywood, but Indian studios and producers also often handle visual effects in a rushed manner during post-production.
08.05 / 04:09
UPS Apple AirPods bass Features Updates Apple AirPods Max 2 vs. Sennheiser HDB 630: The battle of the top over-ear wireless headphones
Subscribe to enjoy similar stories.It’s almost a clash of ideologies. On the one hand, you have Sennheiser with the HDB 630, leaning into its audiophile roots with a focus on precision, tuning, and comfort, while on the other, the AirPods Max 2 doubles down on Apple’s ecosystem magic, seamless switching, and computational audio wizardry.
08.05 / 02:41
markets Provident Manufacturing economy Trade cover Updates Statistical upgrade: An index of services production needn’t capture the sector perfectly to prove useful
Subscribe to enjoy similar stories.India’s statistics ministry recently proposed an Index of Services Production (ISP), the need for which may seem self-evident, given how this sector’s prominence has grown. “The service sector is the dominant force in the Indian economy, contributing over 50% of the Gross Value Added [GVA],” as a discussion paper on the idea released by the ministry notes, “It has long been central to economic transformation, consistently driving growth, generating employment, and attracting investment across decades.” That’s the good part of our services story. The not-so-good part is the absence of accurate, disaggregated and timely data on the services sector along the lines of India’s monthly Index of Industrial Production (IIP).
08.05 / 01:45
markets Analysis wellness information reports Updates Quant MF’s Sandeep Tandon says this is India’s biggest buying opportunity since covid
Subscribe to enjoy similar stories.Quant Mutual Fund believes this year is about identifying undervalued and under-researched segments of the market while avoiding overcrowded trades.In the Mint Money Guru series, Quant Mutual Fund founder and chief investment officer Sandeep Tandon explains why he believes this is the biggest buying opportunity since the covid pandemic.It's largely a behaviour call coming from some analytics that we have built. The element of fear is very high. People are worried about crude prices, the rupee and the exit of foreign institutional investors (FIIs).
08.05 / 01:45
markets UPS IPO SpaceX Updates rowing Elon Musk is dissolving his AI company. What that means.
Subscribe to enjoy similar stories.Elon Musk is dissolving his artificial-intelligence company, xAI. That sounds alarming, but it amounts to corporate restructuring ahead of his rocket company’s record-setting initial public offering.Now, SpaceX is the entity that will vie for AI supremacy with OpenAI, Anthropic, and Alphabet.
08.05 / 01:45
markets UPS Waves Manufacturing Updates sprint Sona Comstar eyes biz from Chinese carmakers setting up plants overseas
Subscribe to enjoy similar stories.Sona Comstar expects Chinese carmakers expanding manufacturing outside their home market to open up new business opportunities for the company, a senior executive said. The auto parts maker believes Chinese electric vehicle companies setting up plants in Europe and other regions could benefit suppliers, such as itself, which already have a presence overseas.On the other hand, an opportunity to build business in China will require companies to sacrifice their margins and profitability, a reason for its exit from a proposed joint venture with Chinese parts maker Jinnaite Machinery that had been announced in July 2025, Sona Comstar group chief executive and managing director Vivek Vikram Singh told Mint.“When Chinese OEMs (original equipment manufacturers) set up factories outside is when our opportunity truly arises in the driveline business," Singh said.
08.05 / 01:45
markets FIVE film Virus reports infection Updates Mint Quick Edit | The latest ‘huh-what’ virus should refresh a key learning from the covid nightmare
Subscribe to enjoy similar stories.It seems like the script of a horror film. Three confirmed cases of hantavirus and five suspected ones among 150 people aboard a cruise ship that left Argentina last month have sent global health authorities into a tizzy. Three of the eight are dead, as reported, and efforts are on to identify possible carriers among other passengers and those with whom the infected may have come in contact before showing symptoms.
07.05 / 12:45
markets Virus hospital outbreak infection symptoms Updates How worried should you be about hantavirus?
Subscribe to enjoy similar stories.On April 1st MV Hondius, a cruise ship carrying around 150 passengers and crew, set sail from Argentina towards the island nation of Cabo Verde. By early May an outbreak of hantavirus was reported on board, sending international health authorities scrambling to contain further spread and treat those taken ill.As of May 6th three cases among those on board had been confirmed and five more were suspected. Of those eight people, three have died.
07.05 / 12:45
markets Manufacturing Platform Sustainability Food cover Updates Everstone Capital acquires Germany’s Qlar Group in $150-200 million deal
Subscribe to enjoy similar stories.MUMBAI: Private equity firm Everstone Capital has acquired Germany-based industrial equipment maker Qlar Group from Blackstone, the companies said in a statement on Thursday.While the companies did not disclose financial details, the transaction is estimated to be worth $150-200 million, including equity and debt, according to a person familiar with the matter.The acquisition underscores Singapore-based Everstone’s push to back global manufacturing and engineering businesses with significant operations in India and Asia. Qlar derives about 25% of its revenue from India, the person said.“Qlar is a differentiated industrial technology platform with a strong global footprint and deep engineering capabilities,” said Avnish Mehra, vice chairman, private equity at Everstone Capital, adding that the company’s operations in India and Asia position it to benefit from competitive manufacturing and proximity to high-growth markets.“We see a clear opportunity to build on these strengths, supported by our cross-border experience and network, to drive disciplined and sustainable growth,” he added.Everstone said it will partner with Qlar’s management team to strengthen market access and commercial capabilities while expanding the company’s portfolio of lower-carbon and circular material-processing solutions.
07.05 / 12:45
markets UPS Apple wellness reports Updates Iran Talks, Fed Rates, Jobs Data, Inflation. This Market Rally Faces Big Tests Soon.
Subscribe to enjoy similar stories.The market is betting on peace in the war with Iran while riding the relentless surge in tech stocks.Asia markets rumbled again on Thursday as Japan returned from its extended spring holidays and the Nikkei 225 roared nearly 6% higher on the opening day of trading.That takes the regional benchmark close to a 25% gain for the year, well outpacing the 11.4% advance recorded for the tech-focused Nasdaq and the 8% rise for the S&P 500.Not much has changed on the ground, or in the Strait of Hormuz, this week apart from sentiment, which seems tied to reports of a near-term deal between the U.S. and Iran that will end two months of hostilities and reopen the world’s busiest oil and energy conduit.Crude prices have slumped more than 12% over the past two sessions, with Brent futures falling below the $100 a barrel mark, on hopes of a near-term agreement that will lead to longer, more detailed peace talks between Washington and Tehran.But with stocks now more than 16% higher than their late March trough, and the first-quarter earnings season largely finished, the mood on Wall Street is expected to switch quickly.Jobs data on Friday could put the final nail in bets on a Federal Reserve rate cut this year, while crude prices and Treasury bond yields remain elevated enough from their prewar starts to suggest inflation will continue to echo through the world’s largest economy well into the fall.The war may be nearing its end, but the cleanup in certain markets will continue.
07.05 / 10:47
markets UPS Chevron Trade War Updates Not all oil giants are prospering from the Iran war
Subscribe to enjoy similar stories.The third gulf war should, in theory, be a huge blessing for big oil. In January most analysts had expected Brent crude, the global oil-price benchmark, to average $60 a barrel in 2026. It ended the first quarter at $118; refined products have risen faster still.
07.05 / 09:59
markets COST wellness show performer Updates Bajaj’s export strength may not be enough to justify steep valuation premium over Hero
Subscribe to enjoy similar stories.Investors of Bajaj Auto and Hero MotoCorp stocks have little to complain about their March quarter (Q4FY26) performances. After all, Bajaj and Hero’s Ebitda grew by 36% and 31% year-on-year, respectively, to ₹3,323 crore and ₹1,856 crore.The companies tackled sequential profitability concerns over high input costs well. This reflects in the sequential improvement in Ebitda per vehicle by 3% for Bajaj to ₹24,200 and by 1.5% for Hero to ₹10,800.So, what led to the stellar show? Profitability protection by increasing the average selling price (ASP) and robust sales volume growth.
07.05 / 09:59
markets UPS Platform Interface Inside Updates Relationships The ChatGPT-ification of American business
Subscribe to enjoy similar stories.For years, companies have been looking to replicate the smooth conversational experience of ChatGPT with artificial-intelligence agents and chatbots on their websites. Now some are finding there might be value in cozying up to ChatGPT itself.OpenAI in recent weeks has seen a surge in businesses publishing so-called ChatGPT apps, including rollouts from Starbucks, Little Caesars Pizza and Wyndham Hotels last month.These apps are a way for users to engage with brands directly inside the ChatGPT interface, getting answers and advice on products and services.
07.05 / 09:59
markets UPS IPO Provident security reports Updates KKR-backed InCred Holdings files updated IPO papers; valuation may touch ₹15,000 crore
Subscribe to enjoy similar stories.KKR-backed InCred Holdings Ltd, primarily operating through its material subsidiary InCred Finance, has filed its updated draft red herring prospectus (DRHP) with the markets regulator.The initial public offering (IPO) size is likely to be around ₹3,000 crore and value the firm at up to ₹15,000 crore, two people aware of the matter told Mint.The offering comprises a fresh issue of equity shares totalling ₹1,250 crore and an offer for sale of up to 99 million shares from existing investors, as per the updated DRHP filed with the Securities and Exchange Board of India (Sebi).Shareholders participating in the process include KKR India Financial Investments Pte, MNI Ventures, MEMG Family Office LLP, and V’Ocean Investments Ltd.The company said it may also consider a pre-IPO fundraise of up to 20% of the fresh issue size, which comes up to ₹250 crore, and then reduce the fresh issue size proportionately.The Mumbai-based firm, which had ​confidentially filed draft papers in November 2025, intends to use the net proceeds to increase InCred Finance's capital base, specifically to strengthen tier-I capital and support onward lending.Founded by former Deutsche Bank AG executive Bhupinder Singh in 2017, InCred Holdings now operates as a holding company for the same.
07.05 / 09:59
COST Digital wellness cover reports Updates Why your health insurance won't cover the true cost of ageing
Subscribe to enjoy similar stories.Most of the recent conversations around Bima Sugam, the IRDAI-backed one-stop digital insurance marketplace, have focused on access – simpler purchases, standardised products, and possibly lower costs through zero-commission policies. If executed well, this could reduce the friction in buying and managing insurance.But for households dealing with ageing parents, this addresses only one part of the financial reality. The more relevant question is not whether insurance is easier to buy, but whether it meaningfully covers the full cost of ageing.India is already at an inflection point.
07.05 / 08:45
awards film Actor Oscar Norwood performer Updates The Oscars have rolled back the red carpet for AI—should we give the Academy a standing ovation?
Subscribe to enjoy similar stories.As part of a substantive change in rules, the Academy of Motion Picture Arts and Sciences has emphasized that only acting “demonstrably performed by humans” and “human-authored” writings will qualify for Oscar awards. The rules have been updated to address cases like that of an AI-generated version of the deceased actor Val Kilmer vying for an award.Note that AI usage in Oscar-nominated movies in 2024 and 2025 focused on augmentation—including voice cloning and enhancement and visual effects—rather than creation. For example, in The Brutalist, AI had enhanced actors’ Hungarian accents.
07.05 / 08:45
markets FIVE economy Sustainability Enterprise Updates Polycab’s outlook brightens after FY26 market share gains
Subscribe to enjoy similar stories.Shares of Polycab India jumped over 7% on Thursday, also hitting a 52-week high of ₹8,991.50 despite 160 basis points year-on-year drop in its March quarter (Q4FY26) Ebitda margin to 13.1%.While a sharp increase in input prices and higher logistics costs hurt margin, price hikes taken last quarter helped Polycab beat analysts’ estimates. Plus, the company’s market share improved by four percentage points in FY26 to about 30-31%, which should benefit Polycab as demand stabilizes.Despite the near-term disruption, the domestic demand outlook remains strong, primarily led by the power sector.
07.05 / 08:45
markets Manufacturing Gap economy testing Updates Headlines Do the GDP overestimation claims of India’s former CEA stand up to statistical scrutiny? Look closely
Subscribe to enjoy similar stories.In 2019, Arvind Subramanian, India’s former chief economic advisor, argued in a Harvard working paper that Indian GDP had been overestimated by 2.5 percentage points a year from 2011-12 to 2016-17. His central exhibit was a chart of 17 economic indicators, 11 of which had turned negatively correlated with GDP after 2011. The starkest case was the Index of Industrial Production (IIP) for manufacturing, at minus 0.78.Extend the data by seven years using the same method.
07.05 / 07:13
markets UPS Aware security wellness social Updates Retirement 2.0: How seniors are turning passion into paychecks
Subscribe to enjoy similar stories.At 65, Vijaya Chakravarty thought she was ready to retire. After a long career as a landscape designer, the idea of slowing down seemed natural. But retirement, as the 72-year-old writer and nature educator says, turned out to be less of an ending and more of a reinvention.Today, retirees like Chakravarty are moving beyond quiet sunset years and turning decades of experience into second income streams.
07.05 / 02:27
markets UPS economy wellness performer Updates Mint Quick Edit | Why does India’s stock market cap have Taiwan’s and South Korea’s snapping at its heels?
Subscribe to enjoy similar stories.The weak performance of Indian shares hasn’t just dampened wealth creation, it has also put India’s stock market at risk of being overtaken in terms of capitalization by the bourses of smaller economies. Catching up fast are Taiwan and South Korea; the former’s market cap is now about $4.6 trillion, within sniffing distance of India’s $4.9 trillion, and South Korea’s is at about $4.2 trillion.
07.05 / 02:27
markets Waves Micron wellness country electronic Updates Silicon froth: AI chips are riding a massive global wave that could turn without warning
Subscribe to enjoy similar stories.The surging shares of US chipmakers such as Intel and Micron point to a deeper shift in artificial intelligence (AI). First, the narrative is moving from a speculative buzz around AI models to hard spending on the infrastructure that powers them. Second, big money is flowing into computing power and memory, the choke points of the AI economy.

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