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MUMBAI : Proprietary traders, whose cost of capital is set to rise sharply under the banking regulator's new funding directives on capital market exposure, posted a significant increase in market share in the popular index options space. Their gross market share based on premium turnover jumped by 230 basis points (bps) year-on-year to 49.5% in the nine months through 2025-26, according to data sourced from the country's largest stock exchange, National Stock Exchange of India Ltd (NSE). A basi ...Read More >
Mumbai: Google Pay has been distributing personal loans on behalf of its lending partners for several years and has now expanded its product suite to include credit cards. However, while personal loans are a third-party product, the credit card launch is the first native product introduced by the payments giant, which aims to go beyond distribution and create a credit ecosystem on the platform. "We're not doing this simply because we have distribution power. If that was the case, I would have g ...Read More >
Mumbai: The recent exemption of retail health insurance from the goods and services tax regime has helped reduce premiums. But that alone is not enough to drive growth as the industry continues to battle issues such as high medical inflation, inadequate coverage, differentiated healthcare and claims experience, insurers said in a panel discussion at Mint's BFSI Conclave 2025. "The premiums have come down by 18%. Does it mean that everyone is going to take insurance? No, that's not going to happ ...Read More >
(Bloomberg) - India's rupee strengthened the most in seven months on Wednesday after the central bank aggressively sold dollars to support the currency. Stocks also gained. The rupee rose as much as 1%, the most since May 23, to 90.0963, after closing at a record low in the previous session. The Reserve Bank of India is intervening through dollar sales in the local market, according to people familiar with the transactions. The move follows the rupee's string of record lows in recent weeks, wh ...Read More >
MUMBAI, Dec 17 (Reuters) - The Indian rupee may pause its recent slide at Wednesday's open, with the quick fall expected to draw improved two-way interest, while the dip in the dollar index to a two-month low could offer support. The 1-month non-deliverable forward indicated the rupee will open in the 90.96-91.02 range versus the U.S. dollar, having settled at 91.0275 on Tuesday. The rupee fell 0.3% on Tuesday to a lifetime low of 91.0750, weighed by heavy dollar demand linked to NDF maturitie ...Read More >
Jaipur, Rajasthan, India - Blenders Pride Fashion Tour shifted gears in Jaipur, transforming into an intersection of high fashion and motorsport. Pushing boundaries, the Jaipur edition explored motorsports-inspired design, glamourous performance wear, and high-octane fashion showcase, that marked 'Fashion's Next Move' - racing forward with speed and precision. In collaboration with Fashion Design Council of India (FDCI), the showcase reimagined the runway into a high-speed circuit of style and ...Read More >
SIR in West Bengal: The Election Commission of India (ECI) on Tuesday 916 December) published the draft electoral rolls for West Bengal as part of its ongoing Special Intensive Revision (SIR) exercise, revealing that more than 5.8 million voter names have been removed from the provisional list. The draft electoral roll can be checked by logging into the website- electoralsearch.eci.gov.in The deletions, attributed to reasons such as death, long-term absence, relocation and duplication, mark a s ...Read More >
New Delhi, Dec 16 (PTI) Bollywood star Shraddha Kapoor praised Aditya Dhar's latest directorial, "Dhurandhar", and said nothing can pull down a good film. Featuring Ranveer Singh alongside Sanjay Dutt, Akshaye Khanna, Arjun Rampal, Sara Arjun, R Madhavan and Rakesh Bedi, the film released on December 5 and has already crossed the mark of ₹500 crore with its worldwide box office collection. Kapoor penned a note on her Instagram stories on Monday, adding she had a "phenomenal experience" watchin ...Read More >
MUMBAI : Even amid a broader market sell-off, which saw foreign portfolio investors (FPIs) pull a net ₹3,765 crore from Indian equities in November, one sector stood out: telecommunications. The outflow came after FPIs turned net buyers in October, snapping a three-month selling streak. Yet, in a striking display of selective buying, FPIs channelled ₹14,326 crore into telecom stocks alone -- their strongest monthly inflow since April 2022, according to the latest data from National Securities D ...Read More >
New Delhi: India's economy has moved from a state of fragility in 2013 to become the fastest growing major economy for multiple years now, showing its transition from external vulnerability to external resilience, finance minister Nirmala Sitharaman told the Parliament on Monday. Replying to the debate on the first supplementary demands for grants in the Lok Sabha, the minister also said that collective work was needed to reduce debt at central and state levels. Sitharaman told the House that ...Read More >
Rewa/Ayodhya, Dec 15 (PTI) Ram Janmabhoomi movement leader and former Bharatiya Janata Party MP Ram Vilas Vedanti died of a heart attack on Monday in Madhya Pradesh's Rewa at the age of 67, an official said. Vedanti's disciple, Chhote Das Maharaj, said his last rites will be performed in Ayodhya. Uttar Pradesh Chief Minister Yogi Adityanath and Deputy Chief Minister Keshav Prasad Maurya expressed their condolences on Vedanti's death, calling it an irreparable loss to the Sanatan Dharma. Vedan ...Read More >
Bhubaneswar, Dec 15 (PTI) With a threefold hike in the salary and allowances of Odisha MLAs triggering a political row and leader of opposition Naveen Patnaik announcing that he would forgo the enhanced benefits, all eyes are now on Governor Hari Babu Kambhampati, whose assent is required for the Bills passed by the state Assembly. On the last day of the winter session on December 9, the Assembly passed four bills unanimously, though the lone CPI(M) member remained absent from the House. The L ...Read More >
Delhi student suicide case: The 16-year-old boy was also threatened with expulsion after his parents had raised concerns about the teachers' conduct, said Shourya's father. Shourya Patil, a student at St Columba School in Delhi, who allegedly died by suicide earlier this week, was apparently taunted and bullied by his teachers for nearly a year, reported NDTV, citing his father. The 16-year-old was also threatened with expulsion after his parents had raised concerns about the teachers' conduct ...Read More >
MUMBAI, Nov 19 (Reuters) - The rupee closed nearly unchanged on Wednesday, easing off a two-week high as importer dollar demand ate into gains spurred by a pick up in exporter flows and a mildly bullish bias among interbank traders. The rupee ended the session at 88.5875 against the U.S. dollar, up marginally from its close of 88.6050 in the previous session. The currency climbed to a peak of 88.4250 in early trading, but shed much of its gains in the latter half of the session. A trader at a ...Read More >
New Delhi: India's unemployment rate for people aged 15 and above held steady at 5.2% in October, unchanged from September, according to the latest government data released on Monday. An easing in rural joblessness, down from 4.6% to 4.4%, was offset by a modest uptick in urban unemployment, which inched up from 6.8% to 7%, leaving the overall unemployment rate broadly stable from the previous month, showed the periodic labour force survey (PLFS) data released by the ministry of statistics & pr ...Read More >
Bihar Elections 2025: PM Modi thanks people of Bihar as NDA eyes landslide victory. "My deepest gratitude to the family members of Bihar, who have blessed the NDA with a historic and unprecedented victory in the 2025 assembly elections. This resounding public mandate will empower us to serve the people and work with new resolve for Bihar," said PM Modi in his recent post on the social media platform X. ...Read More >
Bihar Elections 2025: The second and final phase of the Bihar Assembly Elections 2025 is scheduled for 11 November, covering the remaining 122 constituencies. Results will be declared on 14 November. Among the 122 seats voting on Tuesday are 24 seats of the Muslim-majority Seemanchal - a region in the northeastern part of Bihar, bordering West Bengal, Nepal, and Bangladesh. The region comprises of four districts - Araria, Purnea, Kataria and Kishanganj. Kishanganj has the highest concentration ...Read More >
Bengaluru: Vipan Joshi, chief financial officer at Aakash Educational Services Ltd, has resigned effective 31 October, two people aware of the development said, adding to a leadership churn as the company proceeds with a rights issue. Joshi tendered his resignation about six months earlier, they said. A spokesperson for Aakash confirmed on a call on Tuesday that Joshi had stepped down. Mint reached out to Joshi through calls and text messages but he did not respond. Joshi said in a post on Lin ...Read More >
Bengaluru: Leading office developers are setting up platforms to offer GCC-as-a-service to new global capability centres looking to set up operations in India. GCCs constitute a significant portion of the tenant base for most commercial office developers. So far, mainstream office developers and flexible office space operators have leased space to such offshore R&D and backend centres for global companies. Now, developers are looking to leverage the opportunity to provide real estate, operation ...Read More >
Delhi's first cloud seeding trial: Delhi Environment Minister Manjinder Singh Sirsa said a review meeting has been scheduled for Tuesday (October 28) to assess the feasibility of carrying out the trial. The Delhi government is likely to conduct its first cloud seeding trial on Tuesday if weather conditions are favourable, an official said. Delhi Environment Minister Manjinder Singh Sirsa told news agency PTI that a review meeting was scheduled for Tuesday (October 28) to assess the feasibility ...Read More >
New Delhi: After a gap of about three years, Russia is back among India's top five sources of steel, as Western sanctions force Moscow to reroute exports to Asia. The discounted shipments underscore the stress on Russian exports and India's rising demand for electrical steel used in transformers and electric motors. India imported the highest quantum of electrical sheets -- a kind of speciality steel -- from China, followed by Russia, for the six months ended September, steel ministry data show ...Read More >
Bengaluru: Pet cats are finally getting the startup attention dogs have long enjoyed. A clutch of new companies is betting on premium, preservative-free meals for cats -- complete with meat and superfoods like beetroot powder. Unlike dogs, cats have distinct nutritional needs. They require a higher share of protein and animal-based nutrients, opening the door for startups catering to their particular palates. Gurugram-based Smylo, which packages preservative-free meat for cats, has crossed ₹2 ...Read More >
New Delhi: Goods and Services Tax (GST) cuts are set to bolster domestic demand by easing the tax burden on consumers and businesses, spurring consumption and investment across sectors, and supporting job creation, the finance ministry said in its monthly economic review for September, released on Monday. A strong performance in industry and services, along with a stable labour market, is expected to reinforce this momentum, the ministry noted. However, it cautioned that persistent global uncer ...Read More >
New Delhi: Prime Minister Narendra Modi on Sunday told world leaders that India and the Association of Southeast Asian Nations (Asean) are strengthening ties across various sectors as well as people-to-people relations. He emphasized that New Delhi has always strongly supported the 11-member group's outlook on the Indo-Pacific. Modi said in his virtual opening address at the summit in Malaysia that its theme, 'inclusivity and sustainability', was clearly reflected in the joint efforts of nation ...Read More >
Bihar polls: RJD leader Tejashwi Yadav on Sunday vowed to double the allowances of the representatives of Bihar's panchayati raj system if the INDIA bloc was voted to power in the upcoming Bihar Assembly Elections. He also said that the representatives will be entitled to ₹50 lakh pension and insurance cover. "If the INDIA bloc is voted to power, monthly allowances of the representatives of Bihar's panchayati raj system will be doubled. We will also substantially increase the margin money, per ...Read More >
Three-time Indian Premier League (IPL) champions Kolkata Knight Riders are set to hand over the overall reins of the franchise to Abhishek Nayar ahead of the upcoming season. The former Mumbai all-rounder will thus replace Chandrakant Pandit, who was released from his role of head coach, earlier this year following a an underwhelming show in IPL 2025. The development came in nearly two months after Nayar was appointed as the head coach of Women's Premier League (WPL) franchise UP Warriorz. Acco ...Read More >
New Delhi: The IT ministry has proposed amendments to social media intermediary guidelines to incorporate the impact of artificial intelligence. The draft amendments, published on 22 October, seek to crack down on the rising menace of deepfakes. However, creators and other industry stakeholders have called for some alterations to what the ministry has proposed. Mint breaks down the proposals and their impact on AI users. Over the past four days, creators, through policy think-tanks, have raise ...Read More >
Mumbai (Maharashtra) [India], October 25 (ANI): Reliance Industries Limited (RIL) has announced that its subsidiary, Reliance Intelligence Limited, will form a joint venture company with Facebook Overseas, Inc., a wholly owned arm of Meta Platforms, Inc. The new entity, named Reliance Enterprise Intelligence Limited (REIL), will focus on "developing, marketing and distributing enterprise AI services", according to a company statement released on Saturday. ...Read More >
Maharashtra doctor suicide case: The 28-year-old female doctor, employed at a government hospital in Phaltan,named two individuals in her suicide note. She accused a police officer of sexually assaulting her landlord's son in the case. Maharashtra doctor suicide case is in the spotlight since October 23, when a 28-year-old female medical practitioner was found hanging in a hotel room in Phaltan town of Satara district. The victim named her landlord's son and a police officer in her suicide note ...Read More >
NEW DELHI: The heavy industries ministry has asked states to secure land and install infrastructure that will enable the rapid deployment of 72,000 electric vehicle (EV) chargers across the country, two people aware of the development said. The push is part of a ₹2,000 crore incentive plan that states can avail funding from under the broader ₹10,900 crore PM E-Drive scheme. "Discussions with state governments have already begun," said one of the persons requesting anonymity. "The aim is to ush ...Read More >
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