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NEW DELHI: The finance ministry is weighing a plan to provide credit guarantee cover to funds that NBFCs raise from banks and ramp up their microfinance operations, according to two people familiar with the development.The proposed one-time credit guarantee scheme will help non-banking financial company-microfinance institutions (NBFC-MFIs) access funds from banks easily and tide over a liquidity crunch in maintaining their lending to low-income households that lack access to traditional banking.The guarantee cover under consideration will be larger than the ₹7,500 crore cover that was offered during the pandemic. The new scheme is likely to be managed by the state-run National Credit Guarantee Trustee Company, which will cover and underwrite the lending risk to NBFC-MFIs arising due to factors outside the control of small borrowers.This will help NBFC-MFIs to draw funds on easier terms from financial institutions.

Business News, Market News, Breaking News Events and Latest News Updates on Live Mint. Download The Mint News App to get Daily Market Updates.

Business News, Market News, Breaking News Events and Latest News Updates on Live Mint. Download The Mint News App to get Daily Market Updates.

Business News, Market News, Breaking News Events and Latest News Updates on Live Mint. Download The Mint News App to get Daily Market Updates.

₹39, Glam Pass offers shoppers a 10% discount, up to ₹300, on their first three purchases and is valid for three months. The feature is currently live for select users in Mumbai and is expected to be rolled out to other cities, including the National Capital Region and Bengaluru, in the coming weeks, the people said, on condition of anonymity.Glam Pass is expected to remain brand-specific rather than platform-wide, focusing on targeted benefits for labels shoppers already prefer, instead of generic perks spread across a large marketplace.

The economy appears to be on a stable footing ahead of the Union budget. Growth clocked 6.5% in 2024-25, public capital expenditure crossed ₹11 trillion, its highest share of GDP in 15 years, and inflation has largely stayed within the Reserve Bank of India’s (RBI) tolerance band.Yet, a troubling imbalance lies beneath the macro aggregates. Private capital has not responded with the breadth or momentum one would expect at India’s current stage of development.

equities “just in time” to avoid a crash, and they will tell you how hard it is to do it twice. Selling is only the first step. The second — getting back in — is often even harder.A few realities investors underestimate:You will likely get the timing wrong.

Air pollution in the National Capital Region (NCR) continues to dominate headlines this winter, highlighting the absence of any long-term strategy to deal with a deadly subject that is affecting millions of lives in and around India’s capital. Of growing concern is the fact that most other urban areas in India beyond the NCR are also generating increasing levels of air pollution, with the number of ‘good’ air quality days trending towards zero.

Mint review of usage practices and public policies across X, Google’s Gemini and OpenAI’s ChatGPT found that safeguards on such content are not uniform across companies.As MeitY’s notice put X under scrutiny, policy and AI experts pointed to a key policy gap that appears to have placed Grok in the government’s firing line even as other platforms have so far avoided similar action.On 2 January, the ministry of electronics and information technology (MeitY) issued a notice to X seeking details on how the platform acts against objectionable content and how it plans to address sexual content. The move followed concerns over how Grok, which is embedded within X (formerly Twitter), can be used to modify photographs into content that could be deemed sexual, obscene, or violative of a user’s privacy.Mint has seen a copy of the notice which had set time until Monday for X's reply.X has sought more time to respond to Meity's notice, meanwhile.

Mint reported on 23 December, quoting official data, that Japan is now the fifth-largest source of foreign direct investment into India.MUFG, which is one of Japan’s largest private lenders, is in discussions with multiple Indian IT services firms, including Tech Mahindra, for hiring support, the two people said, though the bank’s current India headcount could not be independently verified.The lender has two tech centres in Bengaluru to support back-end IT functions for the bank and enterprise solutions for the parent firm. MUFG ended last fiscal year with a net interest income of $20.8 billion, up 12% from the year-ago period.“They are mainly having talent requirements for Linux, .NET, and Java roles, apart from other AI and cybersecurity requirements,” said one of the two people.Manufacturing conglomerates are making similar moves.

“al Qaeda of the Western Hemisphere,” U.S. officials have rallied domestic support for this more muscular foreign policy.For countries in the region, the new policy will set off a scramble to adjust. Pro-U.S., and pro-Trump, leaders like Argentina’s Milei and El Salvador’s Nayib Bukele have fared well.

Even as extended negotiations go on between Washington and New Delhi on trade, US President Donald Trump seems to have thrown another spanner in the works. On Sunday, he said India could face fresh tariffs if it didn’t cut Russian oil purchases. “We could raise tariffs on India if they don’t help on the Russian oil issue,” he said.

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artificial intelligence (AI) infrastructure and electronics to solar power equipment, medical devices and defence systems.China’s dominance in the silver market does not stem from mining strength but from its overwhelming control over refining. According to the London Bullion Market Association’s (LBMA) list of accredited refiners for global over-the-counter trading, China hosts 27 silver refineries, followed by Japan with 13.

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Every month, Mint Plain Facts brings out an update on key global data to thread together the biggest developments in the world that are worth paying attention to. The accompanying analysis and charts explain how each story is creating ripples on the global stage, where it is headed in the coming weeks, and whether it can impact India.In 2025, major central banks began easing interest rates as inflation pressures moderated, but the pace and extent of cuts varied widely across countries.

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Business News, Market News, Breaking News Events and Latest News Updates on Live Mint. Download The Mint News App to get Daily Market Updates.

₹76, Ola Electric’s stock price has plunged to around ₹40 - a staggering 47% decline - and investor patience is wearing thin.So, where did Ola go wrong? The primary diagnosis is a chronic lack of focus. In the management classic Good to Great, James Collins uses a Greek parable to distinguish between two leadership types: the fox, who pursues many complex paths, and the hedgehog, who simplifies a complex world into a single organizing idea. Collins argues that greatness is achieved through a "Hedgehog Concept" which is a singular focus found at the intersection of three circles: what a company can be the best in the world at, what it is deeply passionate about, and what drives its economic engine.

Addressing at least 300 company executives in a virtual townhall in the last week of December, Joshi nudged the senior leaders to get closer to the 15% operating margin by March this year, according to two people privy to the development.London-based Joshi, who took over the top job two years ago, is also pushing teams to accelerate AI training for employees, win more deals at higher rates, and reduce the time staff spend away from projects, said the people quoted earlier–they asked not to be identified as details are not public.Tech Mahindra CEO’s push to win more revenue comes as the company lags its large information technology (IT) services peers in growth. The Pune-based company is nearing the final phase of Project Fortius, a three-year turnaround roadmap unveiled in April 2024.