Mint Mumbai - June 23, 2025

In deze editie

June 23, 2025

US strikes on Iran spark fear of wider escalation

Focus on Iran's Strait of Hormuz; no regime change plan, says US defence secy

4 mins

Owners of unlisted shares get jolt from HDB Fin's IPO band

Retail investors hoping to make windfall gains in unlisted shares after they list at a premium on the bourses have got a harsh reality check following the losses suffered by investors in HDB Financial Services' shares.

2 mins

Penthouse power draws India's ultra-rich

Penthouses crowning luxury skyscrapers are seeing red-hot demand in top metros, as India's ultra-wealthy pay top dollar for unlimited views of the stars and the seas.

3 mins

India Inc Showers Dividend Bounty

In a bold display of corporate confidence, Indian companies have handsomely rewarded shareholders with a record ₹4.9 trillion in dividends in FY25, even as profit growth slowed.

2 mins

I-banks pitch for SBI mega QIP this week

State Bank of India (SBI) has invited pitches from investment banks to help it raise ₹25,000 crore through a qualified institutional placement (QIP), two people aware of the matter said.

2 mins

FM to review, push to resolve I-T disputes backlog today

Finance minister Nirmala Sitharaman will on Monday review the backlog of income tax disputes and explore ways of cutting down their pendency at a meeting with senior field officers, two persons informed about the development said, outlining efforts to make tax governance more efficient.

1 min

Testimony to the Enduring Spirit of Indian Democracy

This week marks 50 years since the beginning of the anushasan parv

3 mins

DGCA Introduces Special Audit Framework

The Directorate General of Civil Aviation (DGCA) has introduced a new framework for \"Comprehensive Special Audits\" with immediate effect, days after the 12 June Air India crash that killed 241 people on board and more on the ground.

1 min

Govt shelves ₹8,000-crore plan for eight new greenfield cities

The Union government has shelved the scheme to incubate eight new cities, as recommended by the 15th Finance Commission (FC), according to senior government officials.

2 mins

Centre Overhauls Highways Construction Bid Process, Sets Timelines

In a move to speed up highway construction, the Centre has synchronized project approvals, awards and appointment of developers with milestones for land acquisition, environment, forest and wildlife clearances.

2 mins

States Get New Reform Goals for Interest-Free Capex Loans

The focus will be on digitization, governance, land records, agriculture and urban planning

2 mins

PharmEasy co-founders enter home decor mkt

PharmEasy co-founders Dharmil Sheth, Dhaval Shah and Hardik Dedhia have started a new venture called 'All Home' to capture the growing home improvement and interior design market, months after exiting the online pharmacy company.

1 min

Global PE Firms Bet on Small, Nimble Indian Tech Ventures

They are drawn by faster growth trajectories and product-focused strategies of these firms

3 mins

Private Credit Rising To Claim Assets In Financial Market

A few weeks ago, Bertie got pulled into an odd cricket match.

2 mins

Prolonged War in the Middle East Less Likely Than a Peace Deal

The general concern around India has been high valuations, both on an absolute and relative basis Jyotivardhan Jaipuria Founder and MD of Valentis Advisors

5 mins

Cenbanks march to different beats

\"To each their own\" seems like a mantra for global central banks amid the economic gloom.

2 mins

StanChart Scouts for Green Loan Partners

The bank is looking to explore green lending to small businesses in India

2 mins

Cannes glory masks India's creative gap

With a rich haul of 32 Lions, this year's Cannes Lions International Festival was India's best outing since 2022

4 mins

Micro-drama startups are vying with Reels, Shorts for screen time

Manisha, a 37-year-old domestic worker, boards a local train every morning from Sion to Dadar in Mumbai—her short 10-minute ride serving as a sanctuary removed from the humdrum and chaos of the day.

1 min

Amazon Brings Diagnostic Test Booking to App

While healthcare foray is in line with Amazon's global strategy, only India has diagnostics services currently

1 min

How Kalanithi Maran Spent ₹37 Cr to Take Control of Sun

After a series of transactions ending with a 2005 bonus, Kalanithi held nearly 100% of Sun TV

2 mins

Donald Trump Gave Final Go-Ahead for Iran Attack Hours Before Bombs Fell

He had vowed to give Iran up to two weeks but ordered the attack abruptly, hoping it would catch Tehran off guard

4 mins

Arab States Erupt in Condemnation After Iran Strikes

Gulf Nations Have Been Engaged in Intense Diplomatic Efforts Since Israel Launched Its Air Campaign on Iran

2 mins

The Emirati oil boss banking billions on U.S. energy

Al Jaber is bullish about the U.S., which teems with fossil fuels, low-carbon energy, and big tech firms with AI ambitions

5 mins

AI cuts 5% routes of narrowbody jets

Air India said on Sunday that it is temporarily reducing less than 5% of its narrowbody jet routes for \"operational stability,\" its second such reduction which follows a plane crash earlier this month that killed all but one of the 242 people on board.

1 min

Use of non-fossil fuel rises in India

Nearly half of India's installed power generation capacity, totaling 476 GW, is non-fossil fuel-based as of June, but coal-based thermal electricity plays a critical part, according to government data.

1 min

Raymond Realty to launch six projects

Raymond Realty, scheduled to list on stock exchanges on 1 July, is looking at faster growth through higher home sales and 2025-26 project launches, said a top executive.

1 min

DLF Aims ₹2,500 Cr Sales in Mumbai

India's largest realty firm DLF Ltd is set to enter the Mumbai housing market as it plans to launch a luxury housing project worth about ₹2,500 crore in the next two weeks.

1 min

No signs of Russia winding down war

Russia shows no signs it plans to wind down its war in Ukraine, with an estimated 695,000 troops deployed across an expanded front line and another 121,000 in strategic reserve, according to Ukraine's commander-in-chief Oleksandr Syrskyi.

1 min

IMD Predicts Heavy Rainfall Over Several States This Week

The weather department has forecast heavy to extremely heavy rainfall in Northwest India, Madhya Pradesh, Gujarat and Konkan and Goa during 22-26 June.

1 min

Covid Now Endemic in India, Say Top Government Scientists

Scientists say cases fell over population immunity and the virus's continuing mildness

1 min

Can India Go Beyond Smartphone Assembly?

India's next leap in electronics manufacturing is both promising and full of complexities

7 mins

Algo Trading and the New Sebi Rules for Investors

The underlying reasons for the success of mutual funds (MFs) in India have been twofold—promise of steady returns and extreme convenience as they worked in an auto-pilot mode.

2 mins

RBI's Rate Cut May Not Bring EMI Relief for All Borrowers Right Away

RBI has cut repo rate, which could lower EMIs. But the impact varies by loan type and transmission speed

3 mins

Why faith losing its hold won't really change the world

Those who identify with no religion are growing but let us not confuse that with the rise of reason

4 mins

America's big Iran war dilemma: Put boots on the ground or not?

It's unclear how US President Trump can end hostilities without throwing West Asia into chaos

3 mins

WhatsApp's 'no ads' promise couldn't have lasted too long

The app's founders should've expected Meta to monetize its eyeballs

3 mins

India's quest for critical minerals must race the clock

A Quad-led effort could forge a realistic action plan to create a supply chain that won't need China

3 mins

America shows no sign of getting rid of its delusions on Pakistan

Trump has flattered Asim Munir into tactical utility as the US joins Israel’s war on Iran but that doesn’t alter India’s calculus

4 mins

Brutal honesty can also be good at work

NODWIN Gaming's co-founder Akshat Rathee on when it's okay to fail

2 mins

More People Are Taking Work to the Bedroom

Employees' days are bleeding into the evening, new data show—thanks to a growing load of meetings, emails, and, yes, actual work

3 mins

I strongly believe in owner mentality: Riti Jagoorie

Hachette India's new managing director on her vision for the company and the future of the publishing industry

3 mins

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