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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.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.New Delhi: India’s early and intense summer is already pushing electricity demand towards the highest levels seen during peak summer last year, challenging the country's power system for the weeks ahead.Peak demand has risen to nearly 240 GW this week amid rising use of cooling appliances, up from about 215 GW end March, according to the Grid Controller of India. With the weather bureau warning of sustained above-normal temperatures, demand is seen rising further, raising the likelihood of new records this season.The record high power demand so far is 250 GW seen on 30 May, 2024.

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.NEW DELHI: Telecom operator Reliance Jio Infocomm is expected to post steady subscriber additions for the March quarter (Q4FY26), but the absence of tariff hikes and a shorter quarter are likely to cap growth, a trend analysts expect across the sector.Reliance Jio, the telecom arm of Jio Platforms, will report its fiscal fourth-quarter earnings on 24 April alongside parent Reliance Industries Ltd.“Reliance Jio is expected to add 5 million subscribers q-o-q (quarter-on-quarter) to 520 million, with Arpu (average revenue per user) likely to grow by 1% q-o-q to ₹216/month, led by 5G FWA (fixed wireless access) addition,” brokerage house Centrum said in a note dated 5 April.Arpu, a key industry metric that tracks average revenue earned per user, is seen inching up modestly as operators lean on premiumization rather than price hikes.On a standalone basis, Centrum estimates Jio will report ₹33,529 crore revenue from operations, up 2.4% sequentially and 11.7% year-on-year. Net profit is projected to rise 2.8% quarter-on-quarter and 11% annually to ₹7,371 crore.Reliance Jio, India’s largest telecom operator by market share, accounts for the bulk of Jio Platforms’ business.

Subscribe to enjoy similar stories.Imagine a marketplace for domesticated animals. Over the decades, two dominant merchant groups have come to rule it. Call them X, those who grew up with these animals and understand their temperament and seasonal moods, and Y, a group of shrewd outsiders who spotted the market’s potential early, brought capital from distant lands and learnt the trade well enough to profit off it.

Subscribe to enjoy similar stories.The government’s decision to reopen wheat exports in February after nearly four years—and then scaling up the quota from 2.5 million tonnes to 5 million—comes as India sits on a comfortable surplus. The move aims to ease excess supply and support farm prices without hurting food security. But how do exports lift farmer incomes, and can this be done without stoking inflation? Mint explains.Because there is more wheat in the system than the country currently needs.

Subscribe to enjoy similar stories.The clean energy story is evolving fast, and battery energy storage systems (BESS) are becoming a crucial part of that shift.As renewable energy capacity grows, the need to store power efficiently and use it when demand rises is only getting more important. But the BESS theme has not been like many other fast-emerging themes in the market.Due to supply constraints and operational challenges, many stocks within the sector or involved in the ecosystem have corrected from their peaks.In some cases, stocks have fallen simply due to the broader market weakness.As India continues to push aggressively towards renewable energy, the need for efficient energy storage is only expected to grow.

Subscribe to enjoy similar stories.Japan has decided to ease restrictions on its sale of weapons to other countries, although this would be limited to the 17 with which it has defence tie-ups. As India is part of the four-nation Quad—with Japan, the US and Australia as other members—Tokyo’s move opens up a possibility worth close consideration by New Delhi. We could diversify our set of high-tech arms suppliers to include a non-hegemonic power with which we have had good relations for eight decades.

Subscribe to enjoy similar stories.ISLAMABAD, Pakistan—The conflict with Iran has entered a damaging new phase—a crippling limbo between war and peace that leaves the Strait of Hormuz closed and the prospect of escalation looming.The missiles and bombs that the U.S. and Israel rained down on Iran and Tehran’s retaliatory salvos might have stopped with President Trump’s indefinite extension of a cease-fire.

Subscribe to enjoy similar stories.Wall Street’s watchdogs are ramping up their inquiries into how much risk has built up in the $3 trillion private-credit industry, just as investor angst has sparked some backers to head to the exits.The Securities and Exchange Commission in recent months has opened several enforcement investigations of large private-credit managers, according to people familiar with the matter. The Treasury Department has requested information from private fund managers and insurance firms about their business models.

Subscribe to enjoy similar stories.MUMBAI: Bigger is proving to be a handicap for portfolio management services (PMS), with five of six large schemes analysed—each managing over ₹5,000 crore—seeing performance decline after crossing that size, an analysis by Mint shows.PMS are customized investment portfolios for high-net-worth investors, with a minimum investment of ₹50 lakh, typically built around a concentrated set of stocks.The pattern points to a structural constraint: as PMS strategies scale, deploying larger sums into high-conviction small- and mid-cap ideas becomes harder without moving prices, compressing alpha.There are 15 equity PMS schemes with assets above ₹5,000 crore as of March 2026, according to data from the Association of Portfolio Managers of India (Apmi). Of these, six schemes were analysed as they manage domestic money and invest directly in stocks.

Subscribe to enjoy similar stories.New Delhi: India is looking to strengthen the social security net for informal workers amid rising living costs for retirees. Under the plan, the finance ministry, in consultation with the Pension Fund Regulatory and Development Authority (PFRDA), is considering doubling the assured pension ceiling under the flagship Atal Pension Yojana (APY) to up to ₹10,000 a month, according to three people aware of the discussions.The proposal aims to boost fresh enrolments as well as retention in a scheme that now has 90 million subscribers but faces high drop-offs.Launched in May 2015, the pension scheme focuses on informal sector workers and currently provides a guaranteed monthly pension of ₹1,000-5,000 after the age of 60 years, depending on the subscriber’s contribution slab.With nearly half the enrolled subscribers discontinuing contributions over time, the government is examining a long pending demand to enhance the pension cap to up to ₹10,000 per month to make the scheme more attractive and aligned with rising living costs, according to the people cited above.The scheme's gross enrolments in FY26 crossed 13.5 million, the highest ever in a single fiscal year since its launch.“The government and the PFRDA are examining options to enhance the upper pension cap to around ₹8,000– ₹10,000 per month, aiming to make the scheme more attractive and aligned with rising living costs,” said one of the people cited above, requesting anonymity.Under the scheme's structure, the government provided a co-contribution in the initial years for subscribers enrolled before 31 March 2016.

Subscribe to enjoy similar stories.MUMBAI: The Reserve Bank of India (RBI) on Tuesday tightened and consolidated rules for e-mandates—automated instructions that allow recurring payments—aimed at improving transaction processing by payment system operators (PSOs) and reducing friction for users.Mint explains what has changed, why it matters, and what payment system operators will need to adjust.An e-mandate is a one-time authorization that allows a bank to automatically process recurring payments on a customer’s behalf. These are used for subscriptions such as OTT services, mutual fund investments, utility bills, insurance premiums, and loan instalments.Setting up an e-mandate requires a one-time registration and authentication using an additional factor of authentication (AFA), alongside the issuer’s standard process.Each mandate must specify a validity period, which customers can modify or withdraw at any time.

Subscribe to enjoy similar stories.Earlier this month, local business leader Tom Harris picked up eyedrops at a drugstore near his office without needing an employee to retrieve them from behind a locked plexiglass barrier. In that seemingly mundane act, he glimpsed evidence of the turnaround for New York City’s shoplifting epidemic.Harris, president of the Times Square Alliance, a Manhattan business group with some 2,600 members, said he once fielded several calls a day from retailers about their problems with theft.

Subscribe to enjoy similar stories.Big corporate M&A is booming—and banks are earning megasize fees.In 2025, six acquisitions of U.S. public companies included sell-side fees of at least $100 million for a single bank, according to Deal Point Data. The previous year, only one deal did, though so far this year two have.

Subscribe to enjoy similar stories.At his glass-walled office, Pirojsha Adi Godrej, 45, the chairman designate of Godrej Industries, sits with his back to the renowned mangroves of Vikhroli stretching into the horizon. Pirojsha, who collects manuscripts ranging from the Mughal era to contemporary times, is now dedicated to nurturing the storied Godrej legacy, which grew significantly during his father (Adi Godrej) and uncle’s (Nadir) eras. The succession comes two years after the 129-year-old Godrej group split into two—Godrej Industries Group and Godrej Enterprises Group.

Subscribe to enjoy similar stories.Artificial intelligence is advancing at startling speed. The latest models can now complete complex, time-eating tasks with little human supervision. This month one of OpenAI’s models helped derive a new result in theoretical physics.

Subscribe to enjoy similar stories.More young professionals these days are trading longer vacations for bite-sized weekend hikes and domestic trekking. This trend has picked up immensely across India's busy metros and cities.The government has recognized India's potential to offer world-class trekking and hiking experiences.

Subscribe to enjoy similar stories.If I gave you a choice between something that is 60-70% true and something that is an outright lie, which one would you prefer? It is normal to think that having a reasonable amount of truth in what is being said would be better than a complete untruth, but you would be mistaken. Why?“Something that’s true but incomplete might be more dangerous than something that’s wrong, as a little truth is a fuel for a lot of overconfidence,” said Morgan Housel.