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Subscribe to enjoy similar stories.This week, we’re bringing you stories about the financial impact of divorce.Olivia Kelly grew up watching her mother make her pizza and chicken enchiladas. Then, in middle school, her parents got divorced, and the kitchen transformed into a small business.Her mother went from stay-at-home mom to working parent with a handful of side hustles. The home-cooked dinners became workweek to-go meals that friends and their nannies would buy for around $35 apiece.As Kelly’s mother changed, so did she.

Subscribe to enjoy similar stories.A change in the way commissions are structured for onboarding clients to the National Pension System (NPS) may still fail to draw significant interest from distributors, experts said.Points of Presence (PoPs), the intermediaries that act as the primary customer interface for the NPS, can now earn 0.20% of the assets under management per annum as a trail commission in addition to a one-time onboarding fee of ₹200 when a new client is registered, the Pension Fund Regulatory Authority of India (PFRDA) said in a circular on 10 March.Before this, trail commissions—a recurring fee paid to distributors as long as a client remains invested—were not allowed. Distributors could only charge a direct fee of ₹200-300 per customer.PoPs are regulated institutions appointed by the PFRDA to provide services to all citizens seeking to open and operate their NPS accounts.

Subscribe to enjoy similar stories.After HCL Technologies, Infosys also let down the Street with weaker-than-anticipated FY27 revenue growth guidance, reinforcing concerns about a slowing IT cycle.The stock fell over 5% on Friday, sliding to a new 52-week low of ₹1,167.80. Revenue guidance from large IT firms tends to set the tone for investor expectations for the sector.Geo-political conflicts and AI-led deflation are likely dampeners to growth in FY27, reflected in Infosys’s underwhelming revenue guidance of 1.5%-3.5% CC (1.25–3.25% in organic CC).

Subscribe to enjoy similar stories.With everyone’s attention fixed on powerful chatbots like ChatGPT and Claude, it’s been easy to overlook the growth of another field of artificial intelligence: world models. These systems can grasp three-dimensional space and physics, providing the foundation for everything from robots to smart glasses to self-driving cars—and a capability that today's chatbots lack.

Subscribe to enjoy similar stories.A few days ago, the law firm Sullivan & Cromwell apologized to the chief judge of Manhattan’s US Bankruptcy Court for a court filing with AI-hallucinated citations. Andrew Dietderich, co-head of the firm’s global restructuring group, wrote the judge that the firm’s “comprehensive policies and training requirements governing the use of AI tools” had not been followed. A secondary review process also failed.

Subscribe to enjoy similar stories.With equity markets roiled by the West Asia war and sharp swings in mid- and small-caps, investors are grappling with how to position portfolios.In an interaction with Mint, Trideep Bhattacharya, president and chief investment officer-equities, Edelweiss Mutual Fund, with average assets under management of ₹1.65 trillion in the March quarter, shares why he remains cautiously optimistic and how investors should navigate the current phase. Edited excerpts:Where do you see markets heading from here, given the recent volatility?We are incrementally positive on markets, particularly from a near-term perspective.

Subscribe to enjoy similar stories.Oil has sprung back above $100 per barrel amid sharp volatility that is likely to make the task of policymakers trickier. High oil prices are threatening to let inflationary pressures loose, but growth prospects have also come under a cloud.

Subscribe to enjoy similar stories.Oracle’s $300 billion megadeal with OpenAI is testing the limits of Wall Street’s appetite for debt tied to America’s data-center boom.Banks including JPMorgan Chase struggled for months to spread the risk of billions of dollars in loans they made to build data centers leased to Oracle in Texas and Wisconsin, people familiar with the matter said. Many financial institutions that would ordinarily buy those loans face restrictions on how much exposure they can have to a single counterparty, and the sheer size of these debt packages pushed them to the limit with Oracle.

Subscribe to enjoy similar stories.With the dollar’s early war premium largely faded, the trajectory of the conflict in Iran is now a bigger driver than underlying economic data.The U.S. dollar index—a gauge measuring the dollar’s value against its key rivals—rose 2.41% in March, when uncertainty about the war was at its peak.

Subscribe to enjoy similar stories.John Phelan sat in the lobby of the West Wing for more than an hour Wednesday night, waiting to see if his longtime friend and neighbor, President Trump, would save his job. He would leave disappointed.That afternoon, Phelan, the Navy secretary, had received a phone call from his boss, Defense Secretary Pete Hegseth, asking for his resignation.

Subscribe to enjoy similar stories.Belgium’s Ageas Insurance is prepared to invest additional capital in India to break into the country’s top 10 life insurers in the next three to four years, provided returns on equity remain favourable.“If the growth is there and the return on equity is good, we will be there with the capital,” Ageas Insurance’s global CEO Hans De Cuyper, who is in India, told Mint. “On the life (insurance) side, we have expressed the intention to become top 10.

Subscribe to enjoy similar stories.New Delhi: Motorcycle manufacturer Classic Legends Private Ltd is betting on new products to sustain its recent growth momentum after years of muted sales, as it seeks to challenge the dominance of Royal Enfield in India’s premium motorcycle market.The Mumbai-based premium bike brand, a subsidiary of the Mahindra Group, introduced two motorcycles on Thursday, which comes nearly a year after it committed to a series of premium bike launches. This was the company's first launch for financial year 2027.Classic Legends’ efforts to return to a growth trajectory come at a time when Mahindra has identified the company as a potential growth driver.Anupam Thareja, co-founder of Classic Legends, said the new motorcycles with 350cc and 650cc engine capacities will be positioned as "SUVs" of bikes."I have always believed that scramblers will redefine Indian riding culture the way SUVs (sports utility vehicles) redefined passenger four-wheelers.

Subscribe to enjoy similar stories.Havells India’s shares lost about 5% after higher input costs and advertising expenses dragged down its March quarter (Q4FY26) Ebitda, lower by 6% year-on-year (y-o-y), to ₹724 crore. Revenue grew by a modest 2.4% to ₹6,688 crore, with a milder start to summer impacting the sale of cooling products, intense competition, and cautious trade sentiments amid global macro uncertainties.The Lloyd Consumer segment, including air conditioners, refrigerators, and televisions, remained a pain point. It reported an Ebit loss for the fourth straight quarter.

Subscribe to enjoy similar stories.Chinese artificial-intelligence startup DeepSeek is tapping external investors for the first time since it became a household name, looking to raise funds for research and development, people familiar with the matter said.In recent weeks, DeepSeek has held talks with potential investors, including Chinese technology giants Alibaba and Tencent, seeking to raise at least $300 million, the people said. The funds will be denominated in Chinese yuan, they said.Beijing-based venture-capital firm Shunwei Capital—backed by Lei Jun, founder of Chinese consumer-electronics maker Xiaomi—has also held talks with the AI startup, some of the people said.Preliminary discussions value the Chinese AI heavyweight at between $10 billion and $30 billion, the people said.

Subscribe to enjoy similar stories.A jet fuel shortage is leading airlines to cut flights, and could cause a severe slowdown in travel this summer—particularly in Europe.German carrier Lufthansa said this week it is canceling 20,000 flights from now through October, immediately reducing its flight schedule by 120 trips a day. Reductions are happening all over, including at the company’s hubs in Frankfurt, Munich, Zurich, Vienna, Brussels, and Rome.More than a dozen other airlines have also reduced capacity, including discount Norwegian airline Norse Atlantic, which cut flights from Los Angeles. American carriers are not in danger of running out of fuel, but U.S.

Subscribe to enjoy similar stories.MUMBAI: Axis Bank is expected to report a steady performance in its March quarter earnings, marked by resilient loan growth, modest margin pressure and improving asset quality trends, six brokerages said. While headline growth remains healthy, the focus of analysts and investors will be on liquidity coverage ratio (LCR) and management commentary on the outlook for growth and profitability.Net profit at India’s third-largest private sector lender is expected to fall more than 2% to ₹6,942 crore from a year earlier, according to a poll by Bloomberg.

Subscribe to enjoy similar stories.Tech Mahindra Ltd embarked on a turnaround journey two years ago under the leadership of CEO Mohit Joshi, who was appointed in 2023. Cut to FY27 and it is gearing up to meet a crucial milestone: delivering revenue growth above its peers and achieving the last leg of margin improvement.Tech Mahindra has formally concluded the stabilization phase and is pivoting toward an execution-led acceleration phase focused on high-margin growth, management said in the March quarter (Q4FY26) earnings call.

Subscribe to enjoy similar stories.MUMBAI: National Stock Exchange (NSE) plans to roll out a market-making scheme for its recently launched Brent crude futures, as it seeks to build liquidity in a segment dominated by Multi Commodity Exchange of India Ltd (MCX).“There is a plan to offer a liquidity enhancement scheme (LeS) for Dated Brent Crude Oil (Platts) futures in the next two-three weeks,” said a person aware of the development. “The exchange is in talks to appoint select broking firms for the LeS.”The move reflects NSE’s broader strategy in commodity derivatives segment: introduce differentiated products and use market-making incentives to build volumes from scratch.Sriram Krishnan, chief business development officer of NSE, declined to comment specifically on the LeS.But, underscoring NSE's strategy to gain traction in the commodity derivatives segment, dominated currently by the Multi Commodity Exchange with over 99% share, Krishnan said, "We are trying to introduce unique and differentiated products from what is available in the market."NSE launched Brent futures on 13 April.“An LeS in dated Brent futures is a good move as this is one of the major traded commodities not just globally, but also in India,” said Naveen Mathur, director, commodities and currencies, at Anand Rathi.

Subscribe to enjoy similar stories.MUMBAI: Steel companies are set to post a strong March quarter (Q4FY26), thanks to firm demand and higher prices after hitting multi-year lows in November 2025. Will this momentum continue in the coming months?Mint breaks down why this rally in prices is expected to decline starting mid-May.Steel prices began rising around mid-December, driven initially by higher coking coal costs, and continued to gain through the quarter.

Subscribe to enjoy similar stories.For many Indians, trust in their bank is built over decades. But when that trust is leveraged to sell insurance products that may not suit a customer’s needs, the line between fiduciary advice and sales blurs.The bancassurance model—where banks act as agents for insurance companies—comes with a structural conflict of interest. Customers often walk away with policies that do not align with their financial goals.The Reserve Bank of India (RBI), in its new draft rules, has called for significant structural changes to curb mis-selling.

Subscribe to enjoy similar stories.The sudden exit of a chairperson is often accompanied by off-the-shelf explanations like ‘personal reasons’, ‘strategic realignment’ or the pursuit of ‘other opportunities.’ The recent abrupt resignation of HDFC Bank’s chair was a reminder that at the summit of corporate power, where the air is thin and minutes are curated, such reasons are rarely taken at face value.This is curious because a corporate organization chart resembles something between a pyramid and a theological hierarchy. At the base: employees. Above them: managers.