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In global climate politics, clarity is often elusive. Grand declarations outpace delivery and ambition is often divorced from reality. Against this backdrop, India’s newly-approved Nationally Determined Contributions (NDCs) for 2031–2035 stand out as a picture of coherence.

₹75 on Friday. It is now just 9% higher than its public issue price of ₹70 in September 2024.

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With under-recoveries of fuel retailers exceeding last week’s cut in special excise duty and the war in West Asia still in escalation mode, pressure on their margins is likely to continue. By the government’s estimates, oil companies are suffering losses of about ₹24 per litre on petrol and ₹30 per litre on diesel.

Mint India Investment Summit, Ravishankar said India’s AI opportunity lies less in outspending global leaders and more in building useful products quickly and cost-effectively at scale, leveraging the country’s deep engineering talent.He outlined two broader areas where Indian startups can still create large businesses, even if the country is not yet at the cutting edge of global AI development.The first opportunity, he said, is that India will be a quick adopter of AI across large, everyday use cases. As AI tools improve, many familiar consumer and service categories could be reimagined from the ground up, he said.“India will be a fast follower and a quick consumer of AI in areas such as customer support, citizen services, travel and jobs, where new companies are beginning to rebuild internet products with AI at the centre,” Ravishankar said.The second opportunity lies in the layers around AI itself: infrastructure, software and tools that help other companies build and use AI products.Ravishankar said Indian teams are well-placed because of the country’s large developer base and growing technical talent pool.

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New Delhi: International Finance Corp. (IFC) aims to scale up its India investments by about 30% to $7 billion this fiscal year ending 30 June, said Sarvesh Suri, regional vice-president for Asia and the Pacific at World Bank Group’s private sector-focused development finance arm, in an interview to Mint.

NSE), typically happens on the last Tuesday of every month. With markets shut on Tuesday for Mahavir Jayanti, the rollover will take place a day earlier, on Monday.“Investors or traders opting to exercise or physically settle their stock options and futures upon monthly expiry could provide an element of support to the market,” said Kruti Shah, quant analyst at Equirus Securities.If, instead, traders close out positions or roll them over to the next month, it would signal more short aggression, Shah said.

Four Indian state-run oil and gas companies are in talks to source cooking and natural gas from Angola's public-sector major Sonangol as the country faces a supply shortage following the closure of the Strait of Hormuz during the Iran war, said two people aware of the developments.Indian Oil Corp, Bharat Petroleum Corp. (BPCL), Hindustan Petroleum Corp.

West Asia have already come to a halt due to the ongoing war, and the rising freight cost is acting as a stumbling block in exporting to other nations."We had a meeting with officials of DGFT (Directorate General of Foreign Trade), commerce ministry, Export Credit Guarantee Corporation of India, and Ministry of Ports, Shipping and Waterways and highlighted the plight of basmati rice exporters,” said Ajay Bhalothia, general secretary, All India Rice Exporters Association (AIREA).“We were assured by government stakeholders that the Ministry of Shipping would shortly meet major shipping line operators to address the escalating logistical challenges including high freight rates," Bhalothia added.Shipping disruptions, along with rising freight and insurance costs, are posing a significant threat to India’s nearly $6 billion basmati rice trade. The concern comes amid mounting uncertainty over consignments headed to the Gulf region, which accounts for about 60–70% of India’s total basmati exports.Another exporter, who was also in the meeting, confirmed the development.

Future wealth will be driven by active stock-picking, identifying newer growth segments currently outside the major indices and holding them through their growth phase, said Viraj Gandhi, chief executive officer (CEO) of Samco Mutual Fund.“In this volatile environment, shifting from a passive mindset to an active, selective strategy is the only way to navigate the new investment horizon.”Even as current market conditions offer a strong buying opportunity, he believes the old passive-playbook approach of sticking to large-cap indices is unlikely to work.Edited excerpts:The outlook depends on key leading indicators. If crude stays elevated for the next three to twelve months, fuelling global inflation, this could be the start of a deeper fall.

Essel Propack after its merger with Swiss firm Propack in 1997. Over the next two decades, Essel Propack built a strong international footprint across the Americas, Europe, Asia, and Africa.In 2019, Blackstone invested $460 million to acquire a 75% stake in the company, and renamed it EPL.

Write to Thomas Grove at [email protected] all the Business News, Market News, Breaking News Events and Latest News Updates on Live Mint. Download The Mint News App to get Daily Market Updates.

₹10,000 crore in adjusted gross revenue (AGR) dues to the government by 31 March, according to two people familiar with the matter, even as the telecom operator presses for a recalculation of its liabilities on par with Vodafone Idea.This marks the first tranche of payments after a four-year moratorium ended in September 2025, with instalment schedule beginning March 2026.“The company will need to make this AGR dues payment, which includes licence fee and spectrum usage charges (SUC),” one of the people cited above said, seeking anonymity. “At ₹10,000 crore, this payment would be just one-fifth of the total AGR dues of the company,” the person said, adding that the company is taking up the re-calculation of the dues issue separately.Bharti Airtel’s deferred payment liability towards AGR was at ₹38,604 crore, according to its FY25 annual report.

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Bengaluru: In the real estate boom cycle, the flight to quality and premiumization have been defining trends. In a panel discussion on ‘Premiumization in real estate: opportunities and risks,’ at the recent Mint India Investment Summit (MIIS), experts spoke about what homebuyers, investors and occupiers want when they are buying an apartment or renting an office space.“The premiumization that is being talked about is really a quality correction that is happening in real estate.

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