Updates Financial News
20.12 / 04:13
markets
UPS
FIVE
CEO
Gap
audience
Updates
JioStar CEO Kiran Mani on why ‘being boring’ is good for his job
Kyunki Saas Bhi Kabhi Bahu Thi and Anupamaa have defined households and behaviour patterns in India,” Mani says, adding that while IPL is a big story to be talked about, the company’s bread and butter is general entertainment.Other than reality programming dominated by the likes of Bigg Boss and web originals such as Criminal Justice and Special Ops 2.0, he points to the firm’s large library of Hollywood content, including slates from Peacock and HBO.“Cricket has been a very important propeller to build big viewership, but we are a 400 million monthly active user platform clocking a billion hours of watch time. That doesn’t happen just because of cricket,” he insists. One of the things with the Indian audience, Mani points out, is that you cannot have a one-size-fits-all approach.
20.12 / 02:55
markets
Updates
Elon Musk just got a $138 billion pay day—sort of. What to know.
Write to Al Root at [email protected] all the Business News , Corporate news , Breaking News Events and Latest News Updates on Live Mint. Download The Mint News App to get Daily Market Updates.
20.12 / 01:47
COST
Gap
Bill
Trade
Updates
The week in charts: Exports rebound, tourism drag, nuclear shift, lower unemployment
India’s merchandise exports rose to $38 billion in November, posting year-on-year growth of 19.36%—the strongest since June 2022. Notably, the US shifted from being a drag in recent months to a key contributor, with shipments rebounding after two consecutive months of decline despite higher tariffs remaining in place. Exports to the US grew 22.6% during the month.
20.12 / 01:47
markets
Cooper
film
Trade
social
Updates
Verghese Kurien and the power of social entrepreneurship
Amul and for India’s self-reliance in dairy.The impact was transformative. Buffalo milk was abundant in India, and millions of small farmers depended on it for income. By giving producers direct access to markets through cooperatives, the Amul model ensured fair prices and regular payments.
20.12 / 01:47
markets
Google
CEO
Action
Lexicon
voice
Updates
AI has introduced a new lexicon of strange terms
prompts may be obsolete. Here today, gone tomorrow. An ‘agentic’ style AI will make prompts almost obsolete as they plan, decide and take action autonomously—a far cry from just Google answering questions.
20.12 / 01:47
COST
UPS
Provident
Bill
2020
Updates
From North to South, how revisions in MGNREGS will burden states
Earlier this week, the government proposed major changes to the Mahatma Gandhi National Rural Employment Guarantee Scheme (MGNREGS) through the introduction of a new bill in the Lok Sabha. The Viksit Bharat-Guarantee for Rozgar and Ajeevika Mission (Gramin) (VB-G RAM G) Bill, 2025, proposes to increase the employment guarantee under the rural employment guarantee scheme. In 2025-26, the central government allocated ₹86,000 crore to MGNREGS, one of the biggest expenditure items in its budget.
20.12 / 00:13
Target
CEO
community
Wildlife
social
Updates
International
How an Indian CEO ran his first full marathon in a Swedish mine
Mining in India remains heavily shaped by environmental clearances, social expectations, and regulatory scrutiny. Projects move through multiple layers of approvals—from forest and wildlife permissions to geological assessment, land acquisition, and community consultations. Delays can stretch into years.
19.12 / 02:41
markets
UPS
Align
Sustainability
Bill
rights
Updates
Nuclear recharge: India’s Shanti Bill could revive atomic power but let’s not abandon self-reliance efforts
By adopting the Sustainable Harnessing of Nuclear Energy for Transforming India (Shanti) Act of 2025, which subsumes and replaces both the Atomic Energy Act of 1962 and Civil Liability for Nuclear Damage Act of 2010, India is set to align its legal framework for nuclear power generation with standard global practices. Since this move could give atomic reactors a role in our transition to clean energy, it is welcome.
19.12 / 01:53
markets
COST
Platform
security
social
reports
Updates
Mint Quick Edit | The great AI chatbot contest: Is the winner’s dominance inevitable?
It’s a reasonable hope that no single platform comes to dominate India’s adoption of AI chatbots. Social media saw free services join forces with network effects to place all major formats under the control of X and Meta’s three popular platforms. November data from a report by Bank of America Securities suggests that we might escape that fate in the AI chatbot space.
19.12 / 00:33
markets
Provident
Target
security
Mobile
Sustainability
Updates
Former BluSmart executive leads Refex bid to salvage bankrupt EV ride hailer
Mint.The sustainable transport provider, which operates a fleet of more than 1,400 vehicles, is targeting BluSmart’s over 5,000 charging stations and technology stack, and has asked its interim resolution professional (IRP) to reopen the expression of interest (EoI) window after missing the initial deadline, said a person familiar with the matter.The firm is expanding its presence across its five cities of operation: Bengaluru, Hyderabad, Delhi, Mumbai, and Chennai.To be sure, Refex Mobility is a wholly owned subsidiary of conglomerate Refex Industries Ltd, which had been in talks to acquire Gensol Engineering Ltd’s 2,997 electric cars leased to the electric cab operator, but dropped the deal in March after the latter’s ratings were downgraded.Arun, who exited the ride-hailing company during its debt-repayment crisis earlier in 2025, along with chief technology officer Rishabh Sood and chief business officer Tushar Garg, joined Refex Mobility in August as its CEO.In March, credit rating agencies Icra Ltd and CARE Ratings Ltd downgraded Gensol’s credit rating to junk due to delays in debt servicing, prompting Refex Industries to cancel the ₹315-crore deal with Gensol.In April, the Securities and Exchange Board of India (Sebi) barred Gensol, its chief executive Anmol Singh Jaggi and promoter director Puneet Singh Jaggi from the securities market over charges of fund diversion.Soon, the operations of the Jaggi brothers and Punit Goyal-founded company came to a grinding halt, pushing its group companies into insolvency court.The National Company Law Tribunal’s (NCLT) Ahmedabad bench commenced BluSmart Mobility's corporate insolvency resolution process (CIRP) on 28 July on a plea filed by Catalyst Trusteeship over a default
18.12 / 16:13
markets
Booking
Experts
reports
isolate
Updates
Accenture's AI revenue tops $1 billion in Q1, says won’t disclose AI nos any more
Accenture Plc reported $1.1 billion in advanced AI revenue in its first quarter (September-November 2025) on Thursday, compared to $500 million in the year-ago period, marking a 120% jump in the disruptive technology.Significantly, the world’s largest technology and consulting services company said it will not disclose numbers from AI business in the future, as the technology has become all-pervasive.“This will be the last quarter in which we share advanced AI bookings and revenues,” read Accenture’s earnings presentation on Thursday. “We have now reached a point where advanced AI is being embedded in some way across nearly everything we do, and many of our clients are focusing on moving beyond standalone proofs of concept or initiatives.”Accenture chair and chief executive Julie Sweet said, “It has become less meaningful to isolate the data specifically for advanced AI, as it does not reflect how the demand is evolving on the ground, the scope, the full scope of our AI work and the value we're creating.”At least one expert said Accenture’s move is also to avoid any confusion.“Accenture’s decision is pragmatic rather than evasive — GenAI is now deeply embedded across deals, pricing models, and delivery constructs, rather than a clean, standalone revenue line,” said Phil Ferhst, chief executive of HFS Research.
18.12 / 15:19
markets
CEO
Matthews
Updates
BP’s new CEO is an American defender of oil and gas
Write to Matthew Dalton at [email protected] and Jenny Strasburg at [email protected] all the Business News , Corporate news , Breaking News Events and Latest News Updates on Live Mint.
18.12 / 07:37
markets
Metro
Healthcare
reports
testing
gatherings
Updates
House of Diagnostics kicks off $30-40 million funding round amid gathering tailwinds
Medical diagnostic chain House of Diagnostics (HOD) has begun the process of raising $30-40 million in a largely primary funding round, two people familiar with the matter said, as the medical diagnostic and healthcare services space heats up.“The company has been working closely with EY India to do the round,” one of the people said. If the round goes through as planned, it will likely be the company’s first external funding.
18.12 / 02:03
markets
UPS
BLOCK
Mobile
Universities
Updates
Mint Quick Edit | Can fully foreign-owned insurers help India achieve universal coverage by 2047?
Can India’s insurance sector help mobilize more long-term capital? How much of a difference will the Centre’s proposal of raising its foreign direct investment (FDI) cap to 100% from 74% make? The sector was opened up to foreign insurers via joint ventures (JVs) in 2000, but state-run LIC’s dominance remains mostly intact. After the FDI cap was lifted to 74% in 2021, a few foreign insurers raised their stakes in JVs and we saw one new entry.Full ownership would mean no local partner can block key plans, so those stakes might rise further.
18.12 / 02:03
markets
COST
security
wellness
country
reports
Updates
India’s market for corporate bonds has been a laggard: Heed Niti Aayog’s call for reforms
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.
17.12 / 14:45
markets
Manufacturing
CEO
country
Updates
Interviews
International
I Squared-backed Polaris eyes going public, plans international expansion
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.
17.12 / 14:45
markets
Updates
MoEngage’s Series F swells to $280 mn, eyes AI expansion and acquisitions
Business News , Corporate news , Breaking News Events and Latest News Updates on Live Mint. Download The Mint News App to get Daily Market Updates.
17.12 / 10:13
UPS
security
information
reports
rights
Updates
Japan’s MUFG to invest up to $5 billion in Shriram Finance for 20% stake in major India bet
Mint’s requests for a comment.Amid media reports, Shriram Finance informed the exchanges late Tuesday that its board is scheduled to meet on Friday to consider a proposal to raise funds through a rights issue, preferential allotment, qualified institutional placement, or any other permissible mode. The transaction is expected to be carried out through a fresh issue of equity shares and/or other eligible securities, the company had said in the regulatory filing.The development comes on the back of a larger trend by global strategic players looking to enter India with large buyout deals.
17.12 / 10:13
markets
UPS
FIVE
President
Updates
politician
The US Fed can't reduce long-term bond yields and the use of force will cause more problems than it solves
There’s no such thing as a sure thing in financial markets, but some things come pretty close. One of them is the proposition that there will be more interest-rate cuts next year—and another is that these reductions will have little to no effect on long-term rates.First, the cuts. US Federal Reserve Chair Jay Powell may have presided over his last announcement of a decrease, but odds are his successor will cut rates further next year.
17.12 / 07:13
markets
Digital
wellness
Trade
performer
Updates
Devina Mehra: Before going DIY with your stock portfolio, ask if you can really beat professional fund managers
I don’t know that much about stock markets, but want to start investing in equities.”“What is the point of just investing with mutual funds and portfolio management services (PMSes)? I want to learn and do it myself.”These are some of the questions I get. Often, the unsaid part is, “It is so boring to say that I am invested in a combination of fixed deposits, mutual funds and PMSes.
17.12 / 00:37
markets
COST
UPS
Trade
country
Updates
After US and Mexico, trade uncertainty emerges from EU
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.
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