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Mint has seen copies of both filings.Privately held Natsoft filed its lawsuit against Hexaware in an Illinois district court on 23 September, alleging that Hexaware used application modernization software whose functioning was covered by nine patents developed by Updraft, an IT services company Natsoft acquired in 2024. The company claimed Hexaware marketed these products for both application modernization and GenAI use cases.

Mint reported earlier on 1 November that PMI, EKA and Olectra were eyeing this tender. EKA confirmed the development to Mint.

Mint breaks down what’s driving this improvement and why affordability is still under pressure.India’s residential real estate market continues to see strong demand. Despite housing prices being on the rise, certain cities, including Mumbai, the country’s most valuable property market, are seeing improving homebuyer affordability.Knight Frank’s Affordability Index, which measures the proportion of household income spent on equated monthly instalments (EMIs), shows a consistent improvement across the top eight cities since 2010.Affordability is influenced by three key factors: weighted average prices, income levels and home loan interest rates.

hard-to-obtain contracts for electrical power—all of which can be repurposed to train and power AI models.It’s not a seamless process. Miners often have to build new, specialized facilities, because running AI requires more-advanced cooling and network systems, as well as replacing bitcoin-mining computers with AI-focused graphics processing units.

What is Santa’s secret? How did Santa become one of the world’s most powerful brands? Not the cookies. Not the sleigh. Nor the flying reindeer with suspiciously high fuel efficiency.

Write to Stu Woo at [email protected] all the Technology News and Updates on Live Mint. Download The Mint News App to get Daily Market Updates & Live Business News.

For decades, India has relied on its household consumption expenditure as the primary measure of welfare, poverty and inequality. While it is still important, it could be supplemented with new approaches that capture certain aspects of a rapidly transforming economy driven by technology and services in which households may have increasingly diversified sources of income.

To mark National Consumer Day on 24 December in honour of India’s Consumer Protection Act of 1986, the government has made “efficient and speedy disposal through digital justice” this year’s theme.It aims to highlight the consumer’s right to grievance redressal under that law’s 2020 update, which set up adjudicatory bodies at the district, state and national levels to look into disputes. Given the judiciary’s overload of cases, this expansion was welcome.This January saw the launch of e-Jagriti, a unified platform for online redressal that explains the 2025 theme’s digital aspect.

It is heartening that the Reserve Bank of India (RBI) has decided to adopt a risk-based framework for deposit insurance to replace a one-size-fits-all one which does not distinguish between banks on the basis of their individual risk profiles. This decision was taken on Friday and it follows RBI’s monetary policy statement of October 2025, in which the central bank had proposed a model that abandons a flat premium rate in favour of payments that vary by risk—in this case, of a regular bank failing to meet its obligations to depositors. With this shift slated to come into effect from 2026-27, financially sound banks can expect to save on the price they pay.

Bajaj Auto Ltd is crafting a turnaround for KTM, its biggest acquisition, to boost profitability even as it loses market share in its home market.Pune-based Bajaj Auto will look to discontinue smaller brands under KTM, rejig core operations and unlock synergies between the supply chains of Bajaj and KTM to reduce costs, according to management commentary during the earnings call and meetings with analysts.“After the KTM acquisition, Bajaj Auto would now focus on the restructuring of the core operations. They would also look to leverage synergy benefits in manufacturing operations, the supply chain, and the distribution network,” analysts at Motilal Oswal wrote in a 15 December note after meeting Bajaj Auto's leadership team.A revival plan for KTM is aimed at bolstering its premium offerings, as its exports remain profitable, while India’s fourth-largest two-wheeler maker’s domestic market share continues to decline.Bajaj Auto acquired struggling motorcycle maker KTM for about €800 million.

₹2,000 crore over the next three years to expand its battery recycling and critical minerals refining capacity, said co-founder and CEO Nitin Gupta.The company aims to scale up its rare earth recovery and recycling capacity in India to 100 tonne per day, from the current 1 tonne."Our (lithium ion) battery recycling capacity will increase to almost 300,000 tonne per annum from the current 17,000 tonne, almost 15 times the expansion," he said.Attero currently recovers rare earth elements from used permanent magnets and exports its recycled rare earth products. It recovers minerals such as neodymium and seramium that find end use in the permanent magnets in automotive and defence sectors.At a time when India is exploring ways to become self-reliant in critical minerals used in batteries, renewable energy components, defence and IT equipment, recycling of e-waste is increasingly seen as a major way to source these materials.India generates over 3.8 million tonne of e-waste annually.

My father’s father, my Dada, was born in Sarangarh and lived out his life there. Sarangarh was one of the least consequential of over 550 ‘princely states’ when the British left in 1947, and yet it was one of those that wanted to be independent. To negotiate with Sardar Patel the terms of equal coexistence with India, a three-member delegation was sent by the King of Sarangarh to Delhi that year.

Samsung’s India research & development (R&D) arm is the company’s most influential engineering team outside of its global headquarters in South Korea and alongside the US, a top company executive told Mint on Tuesday.According to Jong Bum Park, president and chief executive of Samsung Southwest Asia, Samsung’s India engineering operations account for the core development process of its second-largest revenue generator—smartphones. In fiscal year 2024 (FY24), Samsung generated $219 billion in revenue globally—of which 38% came from smartphones.The company’s semiconductor division, largely based out of the US and Korea, is its highest revenue generator.“The entire camera unit and its software for our flagship smartphones were developed and engineered entirely in India,” said Park in an interview.

Mint unpacks how the store functions, whether Swiggy Instamart stands to gain meaningfully, and what this could mean for quick commerce.Swiggy Instamart did not respond to queries shared by Mint.Located in the upscale neighbourhood of M3M 65th Avenue of Gurugram, the store stands in the midst of a host of residential and commercial properties, including large housing complexes.At the outset, the store appears to be like any other department store—stocked with everyday products ranging from essentials such as pulses, fresh produce and grains to even nicotine products. Noice, Swiggy’s private label selling breads, paneer and snacks among other food items, also sits comfortably on the shelves.The store is run by PYD Retail Pvt Ltd, a seller that operates on Swiggy Instamart’s online app as well.

Mint for a rare interview at his house near Mumbai’s Peddar Road—other residents in the area, also called the ‘billionaires row’, are Mukesh Ambani and Sajjan Jindal.Unlike the skyscrapers that dot the neighbourhood, Bangur’s home is a two-storeyed haveli called Mohini Mahal. Dressed in a fading lavender polo shirt and black, loose-fitting trousers, one would be forgiven for mistaking the septuagenarian businessman for a retired professor sharing his time-tested thesis with the three scribes. But under that mild demeanour hides one of the corporate sector’s shrewdest strategists.In a 90-minute conversation, Bangur spoke at length about his business philosophy and why Shree Cement—the third-largest cement maker by capacity in India—hasn’t joined the top two players in their inorganic expansion spree.

In Ex Machina last week (‘AI use of original work: A reverse Robin Hood proposal’), I argued that the working paper issued by the Department for Promotion of Industry and Internal Trade (DPIIT) on copyright and artificial intelligence (AI) falls short of its objective because the mandatory blanket licensing regime it proposes transfers wealth away from the very creators it was supposed to protect. But as bad as this suggestion is, it is not the most egregious conceptual shortcoming of the report.

MUMBAI: After spending nearly $10 billion over three years to build India’s second-largest cement business, the Adani Group is moving to simplify what has become a sprawling corporate structure.The board of Ambuja Cements Ltd, part of billionaire Gautam Adani’s conglomerate, late on Monday approved a plan to merge ACC Ltd and Orient Cement Ltd into Ambuja. Ambuja currently holds 50.05% in ACC and 72.66% in Orient.

Following the release of two discussion papers by India’s ministry of statistics outlining proposed methodological changes for the upcoming base-year revision of national accounts, there has been a renewed focus on our methodology for the GDP revision. The new base year will be 2022-23 and the revised series is scheduled for release in early 2026.

India’s fashion and apparel industry is projected at $350 billion by 2030, as it is growing at over 10% annually, faster than almost any other manufacturing sector. This momentum looks unstoppable, but it is also becoming a climate liability that could get in the way of our decarbonization goals.The arithmetic is unforgiving. Globally, fashion accounts for 10% of annual carbon emissions, more than all international flights and maritime shipping combined.