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The fate of Vodafone Idea Ltd hangs in the balance, with the Union cabinet on Wednesday clearing a relief plan that punctured hopes, hammered its shares, and shook its fundraising hopes.According to officials familiar with the matter, the cabinet has decided to freeze the struggling telco’s pending adjusted gross revenues (AGR) dues at ₹87,695 crore for five years. The amount can be paid from fiscal year 2032 (FY32) through FY41.That means the AGR amount will not increase, but it does not also reduce the overall AGR dues of the company, even though the officials said that the recalculation is still on the table and the amount may reduce later.

Dear reader, as 2025, a year of global tumult and volatility, rolls by, Mint's reporters and columnists look around the corner on what is coming in 2026—to help you know what to expect and prepare for it. Tell us what you think at [email protected] goods companies are heading into 2026 expecting a pickup in volume-led growth, supported by stable commodity costs, easing inflation and revised goods and services tax (GST) rates, even as a weakening rupee continues to pose risks to margin guidance.Senior executives across fast-moving consumer goods (FMCG) and consumer durables companies said demand conditions are improving after a prolonged period of sluggish growth, aided by easing food inflation, GST changes and a more supportive macroeconomic environment.“If I had to look ahead to 2026, a large part of growth is likely to be volume-led.

₹1,100 crore in FY26—nearly 70% higher than the ₹650 crore recorded last year—as the regional airline scales up operations, expands its fleet and raises fresh capital to double down on India’s smaller cities.In FY25, the company reported revenue of around ₹650 crore, of which nearly a third, about ₹200 crore, came from viability gap funding (VGF), said Shrenik Ghodawat, executive director of the group. The company is privately held and is yet to file its FY25 numbers with the Ministry of Corporate Affairs (MCA).VGF is a subsidy provided by the Centre under the UDAN regional connectivity scheme to ensure the commercial viability of select unserved or underserved routes.

Mint, more than half of SMEs lack access to affordable finance, real-time climate information and insurance products, forcing many to treat resilience spending as discretionary.The findings come as businesses worldwide face rising risks from natural disasters, with climate change intensifying extreme weather and geological events. There are an estimated 358 million SMEs globally.SMEs are often the worst-affected by climate disasters and the least equipped to recover.

₹515 crore to Prestige Estates Projects Ltd. With this transaction, cumulative non-core asset monetization has reached ₹1,017 crore, slightly exceeding the company’s stated guidance of ₹1,000 crore. Before the Prestige deal, Ramco had already monetized ₹502 crore of non-core assets.As of the end of September, Ramco carried a net debt of ₹4,591 crore, with a debt-to-equity ratio of 0.6x and an interest coverage ratio of 3.23x.

Dear reader, as 2025, a year of global tumult and volatility, rolls by, Mint's reporters and columnists look around the corner on what is coming in 2026—to help you know what to expect and prepare for it. Tell us what you think at [email protected] persistent foreign investment outflows and a weakening rupee, several of India's premier conglomerates emerged as standout creators of shareholder wealth,outperforming even the benchmark indices.Collectively, the top 10 corporate groups by market capitalization now command nearly 24% of the country's ₹474 trillion (as on 26 December) total market capitalization, reflecting their massive—though slightly diminished—footprint on Dalal Street, down from 30% in 2022.However, performance within this elite group was far from uniform.

2026 is poised to be a year of monumental moments, marked by a summer of Assembly elections in India, an intensifying global space race, and major sporting events — notably the FIFA World Cup and the ICC Men’s T20 World Cup.The year also marks the US completing 250 years of independence, Bangladesh heading to the polls for the first time since former PM Sheikh Hasina’s ouster, India hosting the 18th Brics Summit, Apple turning 50, and the long-awaited release of GTA VI, the open-world action-adventure franchise. All of these set the stage for a packed year ahead.

₹10 crore, compared with ₹1 crore earlier (excluding penalties of up to ₹5 lakh per day for delayed compliance).Delayed filings of claim details, including date of filing and reason for rejection, could lead to penalties as high as ₹1 lakh per day. It can even conduct search and seizures on insurers, brokers, banks, non-banking finance companies, distributors or third-party associates in case of tampering of proof or documents for fraud.The new bill also formally recognises repositories for e-policy servicing.These moves could collectively rebuild trust in insurance and enhance insurance adoption in India, which dropped to 3.7% in the last fiscal year from 4% in 2023-24, even as non-life insurers witnessed a rise in net incurred claims ratio to 82.88% in 2024-25.“India still has relatively low insurance penetration and uneven social security coverage.

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John Lennon wrote and recorded a song in 1975 with these evocative lyrics: So this is Christmas/ What have you done?/ Another year over/ And a new one just begun. This song was part of his anti-war activism, but the words could apply to various causes.As the sun sets on 2025 and the calendar gets reset for 2026, it might be worthwhile to take a moment to reflect upon what whizzed past as a means of getting a better handle on what awaits us.

Dear reader, as 2025, a year of global tumult and volatility, rolls by, Mint's reporters and columnists look around the corner on what is coming in 2026—to help you know what to expect and prepare for it. Tell us what you think at [email protected]: Even by outlier standards, Coforge Ltd has been on a tear in India's $283-billion information technology (IT) services industry.It grew the fastest sequentially among the top 10 peers in the industry in calendar 2025, which helped it jump two places to the No.

With the Union budget of fiscal year 2027 (FY27)—finance minister Nirmala Sitharaman’s ninth—set to be announced soon, India’s governance engine is revving up to add more muscle to the slew of reforms initiated in FY26.The two keywords for the coming budget—de-regulation and de-criminalisation—are being impressed upon all who matter within the government in an effort to make the budget a blueprint for faster economic growth over the medium term, according to two persons informed about developments within the government.The first person cited above said that every ministry and department has been instructed to give proposals for deregulation and decriminalization of laws, rules and procedures. “These are being reviewed and refined at high levels in the government every 10 days,” this person said, requesting anonymity.The second person said that the government will also move to amend two laws in the budget session of Parliament.

Mint examines what lies ahead for AI in India in the coming year.In a way, yes. India will host the next global AI summit, scheduled for 15 February in New Delhi.

Mint has reviewed a copy of the letter.Many travellers at the Navi Mumbai airport also took to the social media platform X to complain about the lack of cellular connectivity at the airport over the last few days. The airport, inaugurated by Prime Minister Narendra Modi on 8 October, began operations on 25 December, with the arrival of its first commercial flight.A NMIAL spokesperson, in response to Mint’s queries, said that it has not denied permission to the telecom services providers (TSPs) and is discussing the matter with them.“Owing to the delay by other TSPs, NMIA is providing free, high-speed Wi-Fi services reiterating its commitment to provide high-speed connectivity to all the passengers,” the spokesperson said.Queries emailed to operators’ lobby the Cellular Operators Association of India (COAI) and the Department of Telecommunications (DoT) on Tuesday evening did not elicit any response until press time.S.P.

narrated their misdeed in great detail and how Sebi’s surveillance system flagged this “unusual trading activity.” A thrilling read.Gensol & BluSmart: A tale of debt woesYet another investigation by Sood focused on two companies, one public, the second one private. BluSmart, the private business, once emerged as the third alternative in the ride-hailing business dominated by Uber and Ola back then. It became the go-to cab service for airport trips for many flyers.

₹15,000 crore, as per estimates from the ministry of ports, shipping and waterways. The guidelines speak of three to four shipbuilding clusters in coastal states, with only one in each state.

aircraft that carries goods instead of passengers.If freighter operations move out of Mumbai, cargo capacity will shrink sharply, pushing up air freight rates, Kumar said. Shipping from Navi Mumbai would also be more expensive as the airport has limited cargo freighters and no international passenger flights, reducing available belly space and creating supply constraints.In contrast, Delhi operates under an open sky policy, allowing a higher number of cargo flights.

₹350 crore. Rainmatter Foundation, which was set up in 2020 works as a different, non-profit entity which provides climate-related grants.While the firm's initial focus was on fintech, in the early 2020s, it ramped up investments to include industries like health and wellness as well as climate.Rainmatter’s stance comes at a time when many Indian venture capital funds have grown cautious on climate-tech, a sector that, despite early optimism, has struggled to deliver healthy exits or meaningful scale.Average cheque sizes in the segment have declined over the past three years, dropping from $52 million in 2023 to $28 million in 2024 and $27 million in 2025, according to data from Venture Intelligence, a private company tracking platform.“We never started investing in climate because other VCs were investing.

Dear reader, as 2025, a year of global tumult and volatility, rolls by, Mint's reporters and columnists look around the corner on what is coming in 2026—to help you know what to expect and prepare for it. Tell us what you think at [email protected]’s trade policy in 2025 unfolded against a challenging global backdrop of high US tariffs, geopolitical uncertainty and slowing global demand.

Tariff uncertainty and elevated aluminium and copper prices have lengthened contracting cycles in these markets.Domestic demand remains supported by power transmission and distribution, renewables and railways. Cost pass-through clauses protect margins, but not timing—meaning profitability is preserved even as delayed order finalizations push deliveries towards the latter part of the year.For FY26, management has guided for around 10% volume growth in conductors, while treating ₹30,000 as a minimum Ebitda per tonne level over the cycle.

New Delhi: India's rollout of surrogate advertising guidelines is likely to be delayed further, as the government struggles to find clear legal authority under the Consumer Protection Act, 2019, two people familiar with the matter said. This complicates efforts to rein in indirect promotion of alcohol and indirect promotion ofbrands while prolonging regulatory uncertainty for companies operating under existing advertising restrictions.There is little clarity yet on a timeline for the guidelines even after one-and-a-half years of a government panel first meeting to fix these gaps from which surrogate promotions scrape throughThe consumer law does not define surrogate advertising or treat indirect promotion of prohibited products such as alcohol and tobacco as a standalone offence, limiting the government's ability to issue binding rules.“The consumer affairs ministry is examining whether the guidelines can be rolled out through executive action, while the department of consumer affairs is of the view that the current law allows intervention only when an advertisement is misleading with respect to the product being promoted, limiting the scope for such guidelines,” said the first of the two people cited above.In most such cases, the advertised product, such as packaged water, soda, music CDs or merchandise, is legally sold and not misleading in isolation, even if it uses the same brand name, logo or colours as a prohibited product.