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Subscribe to enjoy similar stories. Bengaluru: About three years ago, on a regular sunny August day in Hyderabad, Altmin, the battery materials company, set out to make cathodes, a critical component in lithium-ion batteries, in India for the very first time. The pilot plant, established within the white walls of the Indian government’s International Advanced Research Centre for Powder Metallurgy and New Materials (ARCI) in 2023, has scaled up to produce 250kg a day of the critical mineral that constitutes a significant percentage of a battery cell’s chemistry today.

Subscribe to enjoy similar stories. Lemon Tree Hotels Ltd is redrawing its corporate map with the proposed restructuring, separating hotel ownership from hotel management. This makes the listed entity an asset-light management and franchise platform.

Subscribe to enjoy similar stories. The dollar fell the most in three weeks in overnight trading, while Treasury bond yields retreated and gold soared to a fresh record high as global markets reacted to a U.S.

Subscribe to enjoy similar stories. Perhaps it is inevitable that Anthropic, an artificial-intelligence (AI) lab founded by do-gooders, attracts snark in Silicon Valley. The company, which puts its safety mission above making money, has an in-house philosopher and a chatbot with the Gallic-sounding name of Claude.

Subscribe to enjoy similar stories. The US economy seems to be in the throes of one of its biggest bursts of productivity in decades, weighing on business labour costs and hastening disinflation. If artificial intelligence (AI) is partly the reason for the gains, then it’s plausible that we’re in the early days of durable improvements to efficiency.

Subscribe to enjoy similar stories. MUMBAI: A global glut of high-grade iron ore is reshaping India’s raw material economics—and pushing steelmakers to import more at home’s expense. The country's iron ore imports climbed to a seven-year high in 2025, as shortages of high-grade domestic ore, softer international prices and logistical challenges pushed steelmakers to look overseas—raising concerns over raw material security just as capacity expansion accelerates.

Subscribe to enjoy similar stories. The key hope from the Union Budget is that the government does not pursue aggressive fiscal tightening, according to the head of equity investments at Canara Robeco Asset Management Co. With demand weak, private capex subdued, and household incomes seeing limited growth, the government spending remains crucial, said Shridatta Bhandwaldar, chief investment officer-equities at the company.

Subscribe to enjoy similar stories. Dear reader, as 2025, a year of global tumult and volatility, rolls by, Mint's reporters and columnists look around the corner at what is coming in 2026—to help you know what to expect and prepare for it. Tell us what you think at [email protected]. India’s nuclear energy sector has ushered in the new year with a new commitment, resolve, and imagination.

Subscribe to enjoy similar stories. MUMBAI : As most credit card issuers chase premium experiences and luxury rewards to drive higher spending, BoB Card is betting on healthcare, wellness and insurance-led benefits to carve a niche for itself. With rising medical costs and changing customer preferences reshaping how credit cards are used, the Bank of Baroda subsidiary is moving away from one-size-fits-all offerings towards cohort-specific products.

Subscribe to enjoy similar stories. Booming demand for copper is driving a spate of mining megadeals, in a rush to secure more of a metal essential to powering artificial intelligence. Rio Tinto and Glencore said late Thursday that they are in talks to create what would be the world’s largest mining company, with a market value of more than $200 billion.

Subscribe to enjoy similar stories. “No one was paying any attention to Venezuelan oil two weeks ago," a longtime oilman said to me the other day, “but now everyone is." Donald Trump made that happen. Following the dramatic seizure of dictator Nicolás Maduro by American forces on Jan.

Subscribe to enjoy similar stories. Imagine your company headed by someone who’s always available, never plays favourites, and who’s famous for spot-on decisions that bring great results. Sounds good? Except you probably won’t be exchanging a smile with this boss in the corridor.

Subscribe to enjoy similar stories. The U.S. dollar hovered near a one-month high on foreign exchange markets Friday as investors looked to both a key reading of the domestic labor market and a crucial ruling on tariffs to define the greenback’s direction into the coming months.

Subscribe to enjoy similar stories. Tensions mounted in Venezuela following recent US military strikes on Caracas and the capture of its President Nicolás Maduro and his wife, Cilia Flores. According to a PTI report, a possible US-backed restructuring of Venezuela’s oil industry could deliver a meaningful financial and strategic gain for India, including recovery of nearly US$1 bn in long-pending dues and a restart of crude production from fields involving Indian companies.

rupee stood at about 10 to the dollar. From then to now, the average annual depreciation works out to roughly 4.5%. At independence, when the rupee was on a par with the dollar, the long-term annual depreciation is closer to 6%.The faster pace in earlier decades is largely a matter of arithmetic.

₹6,000 crore through certificates of deposit (CDs) at a rate of 6%, a rare move by India’s largest lender, amid tight liquidity and mounting pressure on banks to mobilize deposits, five fixed-income traders told Mint.SBI’s presence in the CD market has raised eyebrows, traders said, as it signals growing difficulty among banks in raising deposits to fund rising credit demand.The funds were raised through CDs maturing in March 2026. Union Bank of India also raised ₹200 crore via May maturity paper at 6.45%, while Small Industries Development Bank of India raised ₹4,500 crore through one-year paper at 6.95%.Certificates of deposit are low-risk fixed-income instruments where investors deposit money for a specified period at a fixed interest rate—typically higher than savings accounts—in exchange for not withdrawing funds until maturity.SBI’s three-year CD issuance at 6% is around 90 basis points higher than the interest rate it offers on bulk deposits of 46–179 days, which stand at 5.1% for the public and 5.6% for senior citizens.“State Bank of India tapping the CD market, that’s rare, isn’t it? I think they came, so it kind of underscores the point that supply is quite robust in the shorter end and credit off-take is well but deposits are a challenge,” said Killol Pandya, fixed income head at JM Financial Asset Management.While the amount is not large relative to SBI’s balance sheet, the act of raising short-term funds itself is unusual, Pandya added.Emails sent to SBI and Union Bank of India did not receive responses until press time.SBI last raised funds through CDs in November 2024, when it borrowed ₹1,650 crore.

The budget is around the corner, and the government is staring at a massive tax shortfall. To make matters worse, nominal GDP growth is likely to be slower than anticipated in 2025-26.However, neither of these two will put the government in an uncomfortable position, as non-tax revenues have exceeded expectations, and the fiscal deficit calculation will benefit from statistical revisions.The government’s tax collections have grown only 3.3% in April-November, sharply lower than the 10.8% growth aimed for in the budget.

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]: After a slew of big insurance reforms since the end of 2024, India's insurance sector is hoping for an uneventful year ahead that would give industry participants time to adapt to the policy changes, and get back on the growth track.The past year saw the impact of the policy surrender value norms introduced in 2024-end.

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]: Despite equity markets remaining muted, systematic investment plans (SIPs) are set to drive the retail mutual fund assets under management (AUM) next year, with most of the flows expected to go towards hybrid and multi-asset schemes.Within equity and hybrid mutual funds, 27% of the assets under management are contributed by retail investors, who are defined as those investing less than ₹2 lakh.

The purchasing managers’ index (PMI) for Indian services in December released on Tuesday mirrors the trend in manufacturing, with the year ending on a note of moderation. The reading dipped to an 11-month low of 58.0 from 59.8 in November.

Diversification in mutual funds is usually discussed in terms of asset classes (equity, debt, gold, etc) or market capitalisation. What’s often ignored is diversification across investment styles – growth, value, and factor investing, to name a few.Growth investing tends to do well when the economy is expanding and confidence is high. Fund managers who employ this style back companies that reinvest aggressively to expand, and tend to grow earnings faster than their peers.