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Subscribe to enjoy similar stories.Smartphone care and warranty provider Servify is looking to close a string of acquisitions to expand its service categories before it files papers for a public listing.Like several initial public offering (IPO)-bound companies, Servify has taken a step back to wait for markets to stabilise amid the ongoing war in West Asia before filing its draft papers. It joins the list of companies such as PhonePe, Curefoods, and Turtlemint that have put their public market plans on hold.“We're in the middle of some initiatives which will likely help us become a larger entity than we are currently,” company founder and chief executive Sreevathsa Prabhakar told Mint.The Mumbai-based company is pursuing acquisitions across its core smartphone care business and a luxury goods vertical launched at the end of FY25.

Subscribe to enjoy similar stories.Maruti Suzuki India’s stock rose 5% to ₹13,512 on Wednesday as investors prioritised the company's strong operating performance in the March quarter (Q4FY26) over a 7% year-on-year drop in net profit to ₹3,591 crore.It should be noted that Maruti’s Q4FY26 profitability per vehicle held up well despite the pressure from higher raw material costs, particularly steel. Ebitda per vehicle fell just 1.4% sequentially to ₹91,050 as the average selling price (ASP) rose 4% quarter-on-quarter to ₹7.76 lakh per unit.On the other hand, Q4FY26 domestic sales volumes announced at the start of April were disappointing.

Subscribe to enjoy similar stories.Embassy Office Parks Reit met its FY26 leasing guidance of 6.4 million square feet (msf), aided by organic expansions and acquisitions. Healthy leasing momentum across Bengaluru, Noida and Chennai assets helped portfolio occupancy rise 300 basis points (bps) year-on-year to 90% as of March.Global capability centres (GCCs) contributed about 60% to Embassy's total leasing, driven by technology, healthcare and BFSI sectors. With seven new GCC entrants in FY26, Embassy has 102 GCCs in its occupier portfolio of 280 corporates.The prospects for Grade A office spaces would be upbeat in FY27 given favourable demand-supply dynamics.

Subscribe to enjoy similar stories.Concerned about the rising number of complaints over unfair sales practices in India’s insurance sector, the regulator is planning a major clean-up of how life, health and motor vehicle policies are sold by bringing out a discussion paper on proposed distribution reforms.The next phase of insurance reforms will focus less on headline liberalization and more on fixing structural inefficiencies in pricing, distribution and customer outcomes, Insurance Regulatory and Development Authority of India chairman Ajay Seth said in an interview. IRDAI is also working with the Reserve Bank of India to tighten oversight of banks selling insurance products while pushing for a lower-cost and more transparent model, he said.“We are coordinating with the RBI to curb mis-selling through the bancassurance channel.

Subscribe to enjoy similar stories.High stock valuations have investors on edge about the next stock market crash. Famed trader Paul Tudor Jones, who famously predicted the 1987 crash, isn’t just worried—he’s envisioning exactly how the next big one could play out.The founder and chief investment officer of Tudor Investment, which has more than $100 billion of assets under management, Jones laid out his view of how and when the next bear market could hit and how big of a wallop it could pack.

Subscribe to enjoy similar stories.WHEN THE Organisation of the Petroleum Exporting Countries (OPEC) meets on April 29th, the club will be contemplating the departure of one of its longest-standing members. The United Arab Emirates (UAE), which has been part of the cartel since Abu Dhabi joined in 1967, has announced it will leave on May 1st. The war in Iran and its blockade of the Strait of Hormuz have choked off the region’s energy exports, hammering the UAE and its neighbours in the Gulf.

Subscribe to enjoy similar stories.President Trump has instructed aides to prepare for an extended blockade of Iran, U.S. officials said, targeting the regime’s coffers in a high-risk bid to compel a nuclear capitulation Tehran has long refused.In recent meetings, including a Monday discussion in the Situation Room, Trump opted to continue squeezing Iran’s economy and oil exports by preventing shipping to and from its ports.

Subscribe to enjoy similar stories.Billionaire Anil Agarwal-led Vedanta Ltd is undergoing a major restructuring, splitting itself into five independent listed companies: Vedanta Aluminium, Vedanta Oil & Gas, Vedanta Power, Vedanta Iron & Steel, and parent Vedanta Ltd, which will house the zinc and silver businesses through Hindustan Zinc and act as an incubator for new opportunities.While this move is aimed at unlocking value, it creates short-term disruption in the derivatives (futures and options) market. Mint breaks down the process.All futures and options (F&O) contracts of Vedanta will expire on 29 April, irrespective of their original expiry date, Nimish Maheshwari, co-founder of Beat the Street, wrote in a note.

Subscribe to enjoy similar stories.The promoters of Faridabad-based Norisys Technology Pvt Ltd, a premium electrical switches and accessories maker, have engaged Alvarez & Marsal to explore a potential stake sale, according to two people familiar with the matter.“The company is seeking an overall valuation of ₹5,000–6,000 crore. The exact deal structures are yet to be decided as it is still early days but it is likely to be a majority stake sale,” one of the people said.“It is an extremely profitable company even at a small scale and has grown well in the last few years, so several large private equity players will be tapped to test demand for the asset,” according to the second person.

Subscribe to enjoy similar stories.After recovering nearly 7.5% between the March and April derivatives series amid the Iran war, options traders are baking in a near 900-point range for Nifty from Tuesday's closing of 23,995.70 over the next one week, per exchange data.Traders expect the Nifty to trade in a 23,558–24,442 range until next Tuesday, based on the volume weighted average price per share (65 shares make one contract) of the 24,000 call and put options expiring on 5 May."The price of the 24,000 straddle (call and put) indicates a rangebound market after the smart rally from the March to April derivatives expiry," said Kruti Shah, quant analyst at Equirus.Shah expects upside pressure to set in around 24,550–24,600, which coincides with the market high of 21 April — 24,601.7 — after which the index corrected 2.5% to Tuesday's close of 23,995.7.A Nifty derivatives series expires on the last Tuesday of every month. During the course of an expiry month, the NSE offers a weekly index options expiry every Tuesday.

Subscribe to enjoy similar stories.Over the course of just three days last week, India witnessed three important developments in the banking space, all of which have a significant bearing on the larger issue of financial stability. On 23 April, reports appeared that the Reserve Bank of India (RBI) had granted a non-bank called PayPoint approval to access its Centralised Payment System (CPS). The same day, finance minister Nirmala Sitharaman was reported to have met bank chiefs to discuss AI-related risks in the context of global concerns over Anthropic’s Mythos model, which is seen as a threat to the data security of financial systems.

Subscribe to enjoy similar stories.Even as India’s electricity demand hit record highs in April, power prices crashed to near-zero during peak solar hours during the month—a paradox driven by too much renewable energy chasing too little flexible demand.For the second time in two years, rates on the Real Time Market (RTM) of the Indian Energy Exchange (IEX) dropped to near-zero— ₹0.0003 per unit on the afternoon of 5 April—as excess solar power flooded the market even as demand dipped due to rains and thunderstorms in Delhi and other parts of northern India. The first such instance was on 25 May last year.Prices have since remained volatile, falling to as low as 40 paise per unit on 12 April even as they recently hit the ₹10 per unit cap amid a heatwave-driven surge in demand.

Subscribe to enjoy similar stories.India’s mid- and small-cap stocks are seeing a clear shift in ownership patterns, with retail investors and mutual funds stepping in as key buyers even as foreign investors continue to cut exposure.A Mint analysis of shareholding trends across BSE mid-cap and small-cap companies shows that while ownership churn remains widespread, the direction of flows differs sharply across investor groups.Data as of 31 March 2026 suggests that domestic flows are increasingly shaping these segments, cushioning the impact of foreign selling. However, the nature of participation also highlights a divergence in risk appetite, particularly between retail investors and institutional money.In the mid-cap universe, retail investors remained selective.

Subscribe to enjoy similar stories.MUMBAI: AWL Agri Business Ltd expects a recovery in volume growth in FY27, led by a turnaround in its foods segment, management said on Tuesday.“As far as volume growth is concerned, edible oil should continue to grow at a mid-single digit,” said Shrikant Kanhere, managing director and chief executive of AWL Agri Business Ltd, in an interaction with Mint. “Food is something we want to turn around next year with double-digit volume growth.”AWL Agri Business, formerly known as Adani Wilmar, reported underlying volume growth of 4% in FY26, with 14% growth in the March quarter (Q4FY26).

Subscribe to enjoy similar stories.Dubrovnik, CroatiaEurope’s data center markets need more energy. Demand for energy to power the data centers is projected to grow from 10 gigawatts in 2024 to 35 gigawatts by 2030.

Subscribe to enjoy similar stories.As the Nifty 50 crashed more than 11% in March amid escalating tensions between the US, Iran and Israel, equity funds slashed their cash holdings throughout the month, aggressively buying into stocks at beaten-down prices. This widespread reduction in liquidity highlighted how differently fund managers utilize "dry powder" during a crisis.

Subscribe to enjoy similar stories.Good marketing can be edgy or cheeky, even provocative. It should have a point of view and be memorable.

Subscribe to enjoy similar stories.On Monday, shares of One97 Communications Ltd, which operates Paytm, fell more than 8% intraday before trimming losses to close 1% lower at ₹1,137.80 apiece on the National Stock Exchange. The decline followed the Reserve Bank of India’s (RBI) cancellation of Paytm Payments Bank Ltd’s (PPBL) licence.But what triggered the action, and what does it mean for India’s fintech major? Mint breaks it down.PPBL, launched in May 2017, had long been under regulatory scrutiny over its operational structure and dependence on its parent’s technology systems and data-sharing arrangements.Over time, RBI flagged concerns including breaches of deposit limits and weak know-your-customer (KYC) controls, which it said weakened safeguards against money laundering risks.

Subscribe to enjoy similar stories.Venture capital and growth investing firm Peak XV Partners has fully exited One MobiKwik Systems Ltd through an over ₹130-crore block deal, selling its remaining stake shortly after the fintech secured the non-banking financial services (NBFC) licence.The investor sold around 6.08 million shares, or about 7.7% of MobiKwik’s equity, at an average price of ₹214 apiece in a transaction executed at 9:15am on 28 April, according to two people aware of the matter.Buyers included private equity firm Florintree, hedge fund Viridian Asset Management, alternative investment firm Dymon Asia Capital and equity investment management firm Karma Capital, the people said.The ₹130-crore deal delivered about 3x returns for Peak XV on its investment in the company.Peak XV’s exit marks the departure of the last major PE fund from MobiKwik’s cap table. In September 2025, Abu Dhabi Investment Authority (ADIA) sold its 2.1% stake in a block deal, after which MobiKwik shares rallied as much as 14%.Peak XV, formerly Sequoia Capital India & SEA, had been an early backer of MobiKwik and remained invested through the company’s public listing.The block sale came a day after MobiKwik announced that the Reserve Bank of India had approved its application for the NBFC licence.

Subscribe to enjoy similar stories.Hindustan Zinc's robust March quarter (Q4FY26) performance, aided by the sharp rally in silver and zinc prices, masks an underlying vulnerability: its limited capacity for further production growth.Silver production at 627 tonnes was lower year-on-year in FY26, missing the guidance of 705 tonnes. FY27 guidance is 685 tonnes. Refined metals (zinc plus lead) production of 1.05 million tonnes (mt) in FY26 also missed guidance, and was lower year-on-year.

Subscribe to enjoy similar stories.A new craze has taken hold of Silicon Valley in recent months. Techies looking to prove they are among the vanguard of artificial-intelligence adoption have taken to “tokenmaxxing”, competing against one another to burn through the most tokens (as the chunks of text processed by AI models are known). Between January and March, the weekly tokens processed by OpenRouter, a marketplace for accessing models, quadrupled.As demand for AI soars, the industry behind it is struggling to keep up.