<?xml version="1.0" encoding="UTF-8"?><rss xmlns:dc="http://purl.org/dc/elements/1.1/" xmlns:content="http://purl.org/rss/1.0/modules/content/" xmlns:atom="http://www.w3.org/2005/Atom" version="2.0" xmlns:itunes="http://www.itunes.com/dtds/podcast-1.0.dtd" xmlns:googleplay="http://www.google.com/schemas/play-podcasts/1.0"><channel><title><![CDATA[Mint Newsletters: Evening Brief]]></title><description><![CDATA[Mint's flagship newsletter, brought to you at the end of every weekday.]]></description><link>https://mintnl.substack.com/s/evening-brief</link><image><url>https://substackcdn.com/image/fetch/$s_!OEV3!,w_256,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F433c3cd1-8b1f-4b40-8e98-231a1808aa31_1280x1280.png</url><title>Mint Newsletters: Evening Brief</title><link>https://mintnl.substack.com/s/evening-brief</link></image><generator>Substack</generator><lastBuildDate>Sun, 26 Apr 2026 07:07:53 GMT</lastBuildDate><atom:link href="https://mintnl.substack.com/feed" rel="self" type="application/rss+xml"/><copyright><![CDATA[Mint, HT Digital Streams Ltd]]></copyright><language><![CDATA[en]]></language><webMaster><![CDATA[mintnl@substack.com]]></webMaster><itunes:owner><itunes:email><![CDATA[mintnl@substack.com]]></itunes:email><itunes:name><![CDATA[Mint]]></itunes:name></itunes:owner><itunes:author><![CDATA[Mint]]></itunes:author><googleplay:owner><![CDATA[mintnl@substack.com]]></googleplay:owner><googleplay:email><![CDATA[mintnl@substack.com]]></googleplay:email><googleplay:author><![CDATA[Mint]]></googleplay:author><itunes:block><![CDATA[Yes]]></itunes:block><item><title><![CDATA[Iran war clips India flights abroad ]]></title><description><![CDATA[India's international flights fell to a four-year low in March as Iran war blocks Gulf airspace.]]></description><link>https://mintnl.substack.com/p/iran-war-clips-india-flights-abroad</link><guid isPermaLink="false">https://mintnl.substack.com/p/iran-war-clips-india-flights-abroad</guid><dc:creator><![CDATA[Siddharth Sharma]]></dc:creator><pubDate>Fri, 24 Apr 2026 13:29:49 GMT</pubDate><enclosure url="https://substack-post-media.s3.amazonaws.com/public/images/d0cc7aa2-4362-4bca-b0e7-2976cd38a551_1280x853.jpeg" length="0" type="image/jpeg"/><content:encoded><![CDATA[<p>India&#8217;s international air travel fell to a four-year low in March as the Iran war disrupted one of the busiest aviation corridors that is West Asia.</p><p>Air India Express was among the worst hit, underscoring its heavy reliance on gulf routes. IndiGo too saw a steep fall as it scaled back long-haul flights. Air India saw a relatively smaller impact, even as SpiceJet suffered and Akasa Air managed to hold its own.</p><p>Overall, international departures by Indian airlines declined 40% year-on-year, while passenger traffic dropped over 36%, according to DGCA data. </p><p>The disruption is largely supply-driven, with airspace closures, curbs by gulf countries, and longer rerouted flights due to restricted airspace adding to operational strain. At the same time, pricier jet fuel has squeezed margins.</p><p>With nearly half of India&#8217;s international capacity linked to West Asia, airlines are bracing for prolonged volatility, elevated fares and continued pressure on profitability. <a href="https://www.livemint.com/industry/india-international-flights-drop-west-asia-war-air-india-express-hit-indigo-air-india-spicejet-11777004728796.html">Read on</a>.</p><div><hr></div><p class="button-wrapper" data-attrs="{&quot;url&quot;:&quot;https://mintnl.substack.com/subscribe?&quot;,&quot;text&quot;:&quot;Subscribe now&quot;,&quot;action&quot;:null,&quot;class&quot;:null}" data-component-name="ButtonCreateButton"><a class="button primary" href="https://mintnl.substack.com/subscribe?"><span>Subscribe now</span></a></p><div><hr></div><div class="captioned-image-container"><figure><a class="image-link image2 is-viewable-img" target="_blank" href="https://youtu.be/tjG-m4q7dcI" data-component-name="Image2ToDOM"><div 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srcset="https://substackcdn.com/image/fetch/$s_!3v1s!,w_424,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F57f462df-3268-45ad-b0e7-6e9235e1d4c6_1920x1080.png 424w, https://substackcdn.com/image/fetch/$s_!3v1s!,w_848,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F57f462df-3268-45ad-b0e7-6e9235e1d4c6_1920x1080.png 848w, https://substackcdn.com/image/fetch/$s_!3v1s!,w_1272,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F57f462df-3268-45ad-b0e7-6e9235e1d4c6_1920x1080.png 1272w, https://substackcdn.com/image/fetch/$s_!3v1s!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F57f462df-3268-45ad-b0e7-6e9235e1d4c6_1920x1080.png 1456w" sizes="100vw" fetchpriority="high"></picture><div 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stroke="currentColor" stroke-width="2" stroke-linecap="round" stroke-linejoin="round" class="lucide lucide-maximize2 lucide-maximize-2"><polyline points="15 3 21 3 21 9"></polyline><polyline points="9 21 3 21 3 15"></polyline><line x1="21" x2="14" y1="3" y2="10"></line><line x1="3" x2="10" y1="21" y2="14"></line></svg></button></div></div></div></a></figure></div><div><hr></div><h2><strong>MARKET WATCH</strong></h2><p>&#128201; <strong>Third day of declines: </strong>India&#8217;s stock market fell for a third straight trading session, with heavy selling dragging equity benchmarks lower by over 1%. </p><p>&#128315; <strong>IT sector a drag: </strong>The Sensex tumbled 1,000 points (&#128315; 1.29%) to 76,664, while the Nifty 50 fell 275 points (&#128315;1.14%) to 23,898. Infosys Ltd., whose earnings failed to impress investors, dragged Nifty IT down 5.29%.</p><p><strong>&#128279; <a href="https://www.livemint.com/market/stock-market-news/sensex-crashes-2-400-points-in-3-days-investors-lose-7-lakh-crore-nifty-50-today-stock-market-selloff-explained-11777004275760.html">Key factors that moved India&#8217;s stock market today</a></strong></p><div><hr></div><h2><strong>BEST OF MINT</strong></h2><ul><li><p><a href="https://www.livemint.com/industry/telecom/india-telecom-operators-ai-cybersecurity-risk-assessment-11777020950822.html">Indian telcos assess risks posed by Claude Mythos</a></p></li><li><p><a href="https://www.livemint.com/market/mark-to-market/infosys-fy27-guidance-ai-deflation-it-sector-slowdown-constant-currency-growth-large-deal-wins-nifty-it-hcl-tech-11777012556484.html">Hope for IT revival in FY27 is a pie-in-the-sky</a></p></li><li><p><a href="https://www.livemint.com/market/mark-to-market/trent-q4fy26-rebound-margins-input-costs-valuation-outlook-11777011290522.html">Trent&#8217;s Q4 shines amid incoming demand headwinds</a></p></li><li><p><a href="https://www.livemint.com/industry/telecom/india-telecom-operators-ai-cybersecurity-risk-assessment-11777020950822.html">Indian telcos assess risks posed by Claude Mythos</a></p></li></ul><h4>In tomorrow&#8217;s print edition:</h4><ul><li><p><a href="https://www.livemint.com/mint-lounge/style/indian-men-fashion-style-sexuality-gender-menswear-11776996451321.html">Are Indian men dressing sexier?</a></p></li><li><p><a href="https://www.livemint.com/mint-lounge/food/food-travel-guide-laos-luang-prabang-11769696380774.html">A guide to eating your way through Laos</a></p></li><li><p><a href="https://www.livemint.com/mint-lounge/business-of-life/world-dance-day-has-dancing-become-performative-now-madonna-11776967475580.html">Has dancing become performative now?</a></p></li><li><p><a href="https://www.livemint.com/mint-lounge/ideas/rohit-brijnath-column-sports-psychology-anticipation-mind-games-athletes-11776953197180.html">Rohit Brijnath: The enduring thrill of anticipation</a></p></li></ul><p><strong>What to watch this weekend:</strong> <a href="https://www.livemint.com/mint-lounge/art-and-culture/apex-this-is-a-gardening-show-micheal-28-years-later-the-bone-temple-11776948631903.html">&#8216;Apex&#8217;, &#8216;This is a Gardening Show&#8217;, &amp; more</a></p><div><hr></div><h2><strong>MINT MONEY</strong></h2><p>After weeks of volatility triggered by the Iran war, investors are reassessing their strategy as mid- and small-cap stocks swing sharply.</p><p>Edelweiss MF&#8217;s Trideep Bhattacharya remains cautiously optimistic, pointing to resilient macros, limited earnings impact, and improving valuations. Historically, markets rebound after geopolitical shocks, he notes. He favours financials, power, and defence, while advising staggered investments and a long-term view. Mid- and small-caps, now cheaper, could offer opportunity, though volatility may persist in the near term. <a href="https://www.livemint.com/money/personal-finance/stock-market-correction-midcap-smallcap-equities-india-edelweiss-mf-11776935580921.html">Read more</a>.</p><div><hr></div><h6>Edited by Rashmi Sanyal. Produced by Tushar Deep Singh.</h6><div class="subscription-widget-wrap-editor" data-attrs="{&quot;url&quot;:&quot;https://mintnl.substack.com/subscribe?&quot;,&quot;text&quot;:&quot;Subscribe&quot;,&quot;language&quot;:&quot;en&quot;}" data-component-name="SubscribeWidgetToDOM"><div class="subscription-widget show-subscribe"><div class="preamble"><p class="cta-caption">Thanks for reading Mint Newsletters! Subscribe for free to receive new posts and support our work.</p></div><form class="subscription-widget-subscribe"><input type="email" class="email-input" name="email" placeholder="Type your email&#8230;" tabindex="-1"><input type="submit" class="button primary" value="Subscribe"><div class="fake-input-wrapper"><div class="fake-input"></div><div class="fake-button"></div></div></form></div></div>]]></content:encoded></item><item><title><![CDATA[Sanctions vs IBC: A legal greyzone emerges]]></title><description><![CDATA[A closely watched bankruptcy case is throwing up a tricky question for India Inc.]]></description><link>https://mintnl.substack.com/p/sanctions-vs-ibc-a-legal-greyzone</link><guid isPermaLink="false">https://mintnl.substack.com/p/sanctions-vs-ibc-a-legal-greyzone</guid><dc:creator><![CDATA[Siddharth Sharma]]></dc:creator><pubDate>Thu, 23 Apr 2026 13:20:10 GMT</pubDate><enclosure url="https://substack-post-media.s3.amazonaws.com/public/images/fb8c3da8-1e58-4a23-b607-2d6fee2d0956_5000x3547.jpeg" length="0" type="image/jpeg"/><content:encoded><![CDATA[<p>A closely watched bankruptcy case is throwing up a tricky question for India Inc.: What happens when global sanctions collide with domestic law? At the centre is whether companies can legally withhold payments to a sanctioned supplier or risk being dragged into insolvency proceedings under the Insolvency and Bankruptcy Code (IBC)<strong>.</strong></p><p>The National Company Law Tribunal (NCLT) has taken a clear stance, ruling that foreign sanctions, including those by the US, are not a valid ground to deny payment if the transaction is otherwise legal under Indian law. But the  National Company Law Appellate Tribunal (NCLAT) has hit pause, offering interim relief and leaving the final word open.</p><p>The implications could be significant. If the ruling stands, companies may be forced into an uncomfortable trade-off: honour payments and risk breaching international sanctions, or withhold them and face insolvency action at home. That tension could become more common as more Indian firms find themselves caught in global sanction networks.</p><p>Lawyers warn this may also embolden operational creditors to use the IBC as a pressure tactic in payment disputes. At the same time, the case exposes a regulatory gap, with little clarity on how India&#8217;s insolvency framework should handle cross-border compliance conflicts, leaving companies navigating an increasingly complex legal tightrope. <a href="https://www.livemint.com/industry/nclt-sanctions-case-ibc-payment-dispute-india-11776925819968.html">Read more</a>.</p><div><hr></div><div class="captioned-image-container"><figure><a class="image-link image2 is-viewable-img" target="_blank" href="https://youtu.be/tjG-m4q7dcI" data-component-name="Image2ToDOM"><div class="image2-inset"><picture><source type="image/webp" srcset="https://substackcdn.com/image/fetch/$s_!3v1s!,w_424,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F57f462df-3268-45ad-b0e7-6e9235e1d4c6_1920x1080.png 424w, 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srcset="https://substackcdn.com/image/fetch/$s_!3v1s!,w_424,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F57f462df-3268-45ad-b0e7-6e9235e1d4c6_1920x1080.png 424w, https://substackcdn.com/image/fetch/$s_!3v1s!,w_848,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F57f462df-3268-45ad-b0e7-6e9235e1d4c6_1920x1080.png 848w, https://substackcdn.com/image/fetch/$s_!3v1s!,w_1272,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F57f462df-3268-45ad-b0e7-6e9235e1d4c6_1920x1080.png 1272w, https://substackcdn.com/image/fetch/$s_!3v1s!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F57f462df-3268-45ad-b0e7-6e9235e1d4c6_1920x1080.png 1456w" sizes="100vw" fetchpriority="high"></picture><div class="image-link-expand"><div class="pencraft pc-display-flex pc-gap-8 pc-reset"><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container restack-image"><svg role="img" width="20" height="20" viewBox="0 0 20 20" fill="none" stroke-width="1.5" stroke="var(--color-fg-primary)" stroke-linecap="round" stroke-linejoin="round" xmlns="http://www.w3.org/2000/svg"><g><title></title><path d="M2.53001 7.81595C3.49179 4.73911 6.43281 2.5 9.91173 2.5C13.1684 2.5 15.9537 4.46214 17.0852 7.23684L17.6179 8.67647M17.6179 8.67647L18.5002 4.26471M17.6179 8.67647L13.6473 6.91176M17.4995 12.1841C16.5378 15.2609 13.5967 17.5 10.1178 17.5C6.86118 17.5 4.07589 15.5379 2.94432 12.7632L2.41165 11.3235M2.41165 11.3235L1.5293 15.7353M2.41165 11.3235L6.38224 13.0882"></path></g></svg></button><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container view-image"><svg xmlns="http://www.w3.org/2000/svg" width="20" height="20" viewBox="0 0 24 24" fill="none" stroke="currentColor" stroke-width="2" stroke-linecap="round" stroke-linejoin="round" class="lucide lucide-maximize2 lucide-maximize-2"><polyline points="15 3 21 3 21 9"></polyline><polyline points="9 21 3 21 3 15"></polyline><line x1="21" x2="14" y1="3" y2="10"></line><line x1="3" x2="10" y1="21" y2="14"></line></svg></button></div></div></div></a></figure></div><div><hr></div><h2><strong>MARKET WATCH</strong></h2><p>&#128201; <strong>Sell-off deepens:</strong> India&#8217;s stock market extended losses on 23 April 2026, with continued selling pressure dragging benchmarks lower for a second straight session.</p><p>&#128315; <strong>Benchmarks slide further:</strong> Sensex fell 852 points (&#128315;1.09%) to 77,664, while Nifty 50 dropped 205 points (&#128315;0.84%) to close at 24,173.05.</p><p><strong>&#128279; <a href="https://www.livemint.com/market/stock-market-news/stock-market-sensex-nifty-50-live-gift-nifty-us-iran-war-crude-oil-prices-nasdaq-nikkei-gold-rate-today-23-april-2026-11776911098523.html">Key factors that moved India&#8217;s stock market today</a></strong></p><h2><strong>EARNINGS WATCH</strong></h2><div class="captioned-image-container"><figure><a class="image-link image2 is-viewable-img" target="_blank" href="https://substackcdn.com/image/fetch/$s_!fdCP!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F7b746162-d1b3-4997-918b-52c62dffe5d6_1199x686.jpeg" data-component-name="Image2ToDOM"><div class="image2-inset"><picture><source type="image/webp" srcset="https://substackcdn.com/image/fetch/$s_!fdCP!,w_424,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F7b746162-d1b3-4997-918b-52c62dffe5d6_1199x686.jpeg 424w, 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Is your emergency fund ready?</h3><p>Layoffs triggered by AI and automation are no longer distant fears&#8212;they are reshaping careers in real time. Tech layoffs have affected 81,000 jobs globally since the beginning of 2026, with ripple effects felt in India as well.</p><p>But beyond the numbers lies an even harsher truth: many professionals are financially unprepared. As EMIs mount and incomes vanish, survival often depends on emergency savings. The old rule of a 3-6 months buffer is being questioned, with experts now urging at least a year&#8217;s cushion. In a volatile job market, financial resilience is quickly becoming a necessity, not a choice. <a href="https://www.livemint.com/money/personal-finance/ai-automation-job-cuts-financial-buffer-emergency-fund-india-11776868310457.html">Read more</a>.</p><div><hr></div><h6>Edited by Madhumita Sen Choudhury. Produced by Tushar Deep Singh.</h6><div class="subscription-widget-wrap-editor" data-attrs="{&quot;url&quot;:&quot;https://mintnl.substack.com/subscribe?&quot;,&quot;text&quot;:&quot;Subscribe&quot;,&quot;language&quot;:&quot;en&quot;}" data-component-name="SubscribeWidgetToDOM"><div class="subscription-widget show-subscribe"><div class="preamble"><p class="cta-caption">Thanks for reading Mint Newsletters! Subscribe for free to receive new posts and support our work.</p></div><form class="subscription-widget-subscribe"><input type="email" class="email-input" name="email" placeholder="Type your email&#8230;" tabindex="-1"><input type="submit" class="button primary" value="Subscribe"><div class="fake-input-wrapper"><div class="fake-input"></div><div class="fake-button"></div></div></form></div></div>]]></content:encoded></item><item><title><![CDATA[Two states, one big political test for BJP]]></title><description><![CDATA[The BJP's presence in Tamil Nadu is limited, but in West Bengal, it&#8217;s looking to convert momentum into power.]]></description><link>https://mintnl.substack.com/p/two-states-one-big-political-test</link><guid isPermaLink="false">https://mintnl.substack.com/p/two-states-one-big-political-test</guid><dc:creator><![CDATA[Siddharth Sharma]]></dc:creator><pubDate>Wed, 22 Apr 2026 13:58:07 GMT</pubDate><enclosure url="https://substack-post-media.s3.amazonaws.com/public/images/43a2c636-059e-4935-b80c-c5aba08c5e36_5000x3333.jpeg" length="0" type="image/jpeg"/><content:encoded><![CDATA[<p>As Tamil Nadu and West Bengal head to the polls, the contrast couldn&#8217;t be sharper, and that&#8217;s what makes this election so interesting.</p><p>West Bengal has a habit of sticking with one political force for long stretches. Mamata Banerjee&#8217;s Trinamool Congress is now aiming for a fourth straight term, riding on the legacy of continuity.</p><div class="captioned-image-container"><figure><a class="image-link image2 is-viewable-img" target="_blank" href="https://substackcdn.com/image/fetch/$s_!GeZ2!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F980a22bf-77e1-4077-b350-e4182e69f204_2206x1952.png" data-component-name="Image2ToDOM"><div class="image2-inset"><picture><source type="image/webp" srcset="https://substackcdn.com/image/fetch/$s_!GeZ2!,w_424,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F980a22bf-77e1-4077-b350-e4182e69f204_2206x1952.png 424w, https://substackcdn.com/image/fetch/$s_!GeZ2!,w_848,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F980a22bf-77e1-4077-b350-e4182e69f204_2206x1952.png 848w, https://substackcdn.com/image/fetch/$s_!GeZ2!,w_1272,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F980a22bf-77e1-4077-b350-e4182e69f204_2206x1952.png 1272w, https://substackcdn.com/image/fetch/$s_!GeZ2!,w_1456,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F980a22bf-77e1-4077-b350-e4182e69f204_2206x1952.png 1456w" sizes="100vw"><img src="https://substackcdn.com/image/fetch/$s_!GeZ2!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F980a22bf-77e1-4077-b350-e4182e69f204_2206x1952.png" width="1456" height="1288" data-attrs="{&quot;src&quot;:&quot;https://substack-post-media.s3.amazonaws.com/public/images/980a22bf-77e1-4077-b350-e4182e69f204_2206x1952.png&quot;,&quot;srcNoWatermark&quot;:null,&quot;fullscreen&quot;:null,&quot;imageSize&quot;:null,&quot;height&quot;:1288,&quot;width&quot;:1456,&quot;resizeWidth&quot;:null,&quot;bytes&quot;:5238311,&quot;alt&quot;:null,&quot;title&quot;:null,&quot;type&quot;:&quot;image/png&quot;,&quot;href&quot;:null,&quot;belowTheFold&quot;:false,&quot;topImage&quot;:true,&quot;internalRedirect&quot;:&quot;https://mintnl.substack.com/i/195030397?img=https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F980a22bf-77e1-4077-b350-e4182e69f204_2206x1952.png&quot;,&quot;isProcessing&quot;:false,&quot;align&quot;:null,&quot;offset&quot;:false}" class="sizing-normal" alt="" srcset="https://substackcdn.com/image/fetch/$s_!GeZ2!,w_424,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F980a22bf-77e1-4077-b350-e4182e69f204_2206x1952.png 424w, https://substackcdn.com/image/fetch/$s_!GeZ2!,w_848,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F980a22bf-77e1-4077-b350-e4182e69f204_2206x1952.png 848w, https://substackcdn.com/image/fetch/$s_!GeZ2!,w_1272,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F980a22bf-77e1-4077-b350-e4182e69f204_2206x1952.png 1272w, https://substackcdn.com/image/fetch/$s_!GeZ2!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F980a22bf-77e1-4077-b350-e4182e69f204_2206x1952.png 1456w" sizes="100vw" fetchpriority="high"></picture><div class="image-link-expand"><div class="pencraft pc-display-flex pc-gap-8 pc-reset"><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container restack-image"><svg role="img" width="20" height="20" viewBox="0 0 20 20" fill="none" stroke-width="1.5" stroke="var(--color-fg-primary)" stroke-linecap="round" stroke-linejoin="round" xmlns="http://www.w3.org/2000/svg"><g><title></title><path d="M2.53001 7.81595C3.49179 4.73911 6.43281 2.5 9.91173 2.5C13.1684 2.5 15.9537 4.46214 17.0852 7.23684L17.6179 8.67647M17.6179 8.67647L18.5002 4.26471M17.6179 8.67647L13.6473 6.91176M17.4995 12.1841C16.5378 15.2609 13.5967 17.5 10.1178 17.5C6.86118 17.5 4.07589 15.5379 2.94432 12.7632L2.41165 11.3235M2.41165 11.3235L1.5293 15.7353M2.41165 11.3235L6.38224 13.0882"></path></g></svg></button><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container view-image"><svg xmlns="http://www.w3.org/2000/svg" width="20" height="20" viewBox="0 0 24 24" fill="none" stroke="currentColor" stroke-width="2" stroke-linecap="round" stroke-linejoin="round" class="lucide lucide-maximize2 lucide-maximize-2"><polyline points="15 3 21 3 21 9"></polyline><polyline points="9 21 3 21 3 15"></polyline><line x1="21" x2="14" y1="3" y2="10"></line><line x1="3" x2="10" y1="21" y2="14"></line></svg></button></div></div></div></a></figure></div><p>Meanwhile, Tamil Nadu thrives on change, with power typically swinging between the DMK and AIADMK. That makes M.K. Stalin&#8217;s re-election bid a test of whether that pattern is shifting.</p><div class="captioned-image-container"><figure><a class="image-link image2 is-viewable-img" target="_blank" href="https://substackcdn.com/image/fetch/$s_!mo0r!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F7ba0c88d-4350-4a15-9a18-fb46fc816362_2090x2016.png" data-component-name="Image2ToDOM"><div class="image2-inset"><picture><source type="image/webp" srcset="https://substackcdn.com/image/fetch/$s_!mo0r!,w_424,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F7ba0c88d-4350-4a15-9a18-fb46fc816362_2090x2016.png 424w, https://substackcdn.com/image/fetch/$s_!mo0r!,w_848,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F7ba0c88d-4350-4a15-9a18-fb46fc816362_2090x2016.png 848w, https://substackcdn.com/image/fetch/$s_!mo0r!,w_1272,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F7ba0c88d-4350-4a15-9a18-fb46fc816362_2090x2016.png 1272w, https://substackcdn.com/image/fetch/$s_!mo0r!,w_1456,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F7ba0c88d-4350-4a15-9a18-fb46fc816362_2090x2016.png 1456w" sizes="100vw"><img src="https://substackcdn.com/image/fetch/$s_!mo0r!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F7ba0c88d-4350-4a15-9a18-fb46fc816362_2090x2016.png" width="1456" height="1404" data-attrs="{&quot;src&quot;:&quot;https://substack-post-media.s3.amazonaws.com/public/images/7ba0c88d-4350-4a15-9a18-fb46fc816362_2090x2016.png&quot;,&quot;srcNoWatermark&quot;:null,&quot;fullscreen&quot;:null,&quot;imageSize&quot;:null,&quot;height&quot;:1404,&quot;width&quot;:1456,&quot;resizeWidth&quot;:null,&quot;bytes&quot;:5747296,&quot;alt&quot;:null,&quot;title&quot;:null,&quot;type&quot;:&quot;image/png&quot;,&quot;href&quot;:null,&quot;belowTheFold&quot;:false,&quot;topImage&quot;:false,&quot;internalRedirect&quot;:&quot;https://mintnl.substack.com/i/195030397?img=https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F7ba0c88d-4350-4a15-9a18-fb46fc816362_2090x2016.png&quot;,&quot;isProcessing&quot;:false,&quot;align&quot;:null,&quot;offset&quot;:false}" class="sizing-normal" alt="" srcset="https://substackcdn.com/image/fetch/$s_!mo0r!,w_424,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F7ba0c88d-4350-4a15-9a18-fb46fc816362_2090x2016.png 424w, https://substackcdn.com/image/fetch/$s_!mo0r!,w_848,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F7ba0c88d-4350-4a15-9a18-fb46fc816362_2090x2016.png 848w, https://substackcdn.com/image/fetch/$s_!mo0r!,w_1272,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F7ba0c88d-4350-4a15-9a18-fb46fc816362_2090x2016.png 1272w, https://substackcdn.com/image/fetch/$s_!mo0r!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F7ba0c88d-4350-4a15-9a18-fb46fc816362_2090x2016.png 1456w" sizes="100vw"></picture><div class="image-link-expand"><div class="pencraft pc-display-flex pc-gap-8 pc-reset"><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container restack-image"><svg role="img" width="20" height="20" viewBox="0 0 20 20" fill="none" stroke-width="1.5" stroke="var(--color-fg-primary)" stroke-linecap="round" stroke-linejoin="round" xmlns="http://www.w3.org/2000/svg"><g><title></title><path d="M2.53001 7.81595C3.49179 4.73911 6.43281 2.5 9.91173 2.5C13.1684 2.5 15.9537 4.46214 17.0852 7.23684L17.6179 8.67647M17.6179 8.67647L18.5002 4.26471M17.6179 8.67647L13.6473 6.91176M17.4995 12.1841C16.5378 15.2609 13.5967 17.5 10.1178 17.5C6.86118 17.5 4.07589 15.5379 2.94432 12.7632L2.41165 11.3235M2.41165 11.3235L1.5293 15.7353M2.41165 11.3235L6.38224 13.0882"></path></g></svg></button><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container view-image"><svg xmlns="http://www.w3.org/2000/svg" width="20" height="20" viewBox="0 0 24 24" fill="none" stroke="currentColor" stroke-width="2" stroke-linecap="round" stroke-linejoin="round" class="lucide lucide-maximize2 lucide-maximize-2"><polyline points="15 3 21 3 21 9"></polyline><polyline points="9 21 3 21 3 15"></polyline><line x1="21" x2="14" y1="3" y2="10"></line><line x1="3" x2="10" y1="21" y2="14"></line></svg></button></div></div></div></a></figure></div><p>For the BJP, this is a tale of two very different battles. Its presence in Tamil Nadu remains limited, but in West Bengal, it&#8217;s looking to convert momentum into power after strong gains last time.</p><p>The divergence isn&#8217;t just political. Tamil Nadu has surged ahead economically, while West Bengal has lagged, creating a visible income gap. Yet on the campaign trail, both states look surprisingly similar with welfare promises, cash transfers, and subsidies dominating the pitch. <a href="https://www.livemint.com/politics/tamil-nadu-west-bengal-state-elections-bjp-test-political-trends-economic-gap-freebies-11776833431247.html">Read more</a>.</p><div><hr></div><div class="captioned-image-container"><figure><a class="image-link image2 is-viewable-img" target="_blank" href="https://youtu.be/tjG-m4q7dcI" data-component-name="Image2ToDOM"><div class="image2-inset"><picture><source type="image/webp" srcset="https://substackcdn.com/image/fetch/$s_!3v1s!,w_424,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F57f462df-3268-45ad-b0e7-6e9235e1d4c6_1920x1080.png 424w, https://substackcdn.com/image/fetch/$s_!3v1s!,w_848,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F57f462df-3268-45ad-b0e7-6e9235e1d4c6_1920x1080.png 848w, https://substackcdn.com/image/fetch/$s_!3v1s!,w_1272,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F57f462df-3268-45ad-b0e7-6e9235e1d4c6_1920x1080.png 1272w, https://substackcdn.com/image/fetch/$s_!3v1s!,w_1456,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F57f462df-3268-45ad-b0e7-6e9235e1d4c6_1920x1080.png 1456w" sizes="100vw"><img src="https://substackcdn.com/image/fetch/$s_!3v1s!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F57f462df-3268-45ad-b0e7-6e9235e1d4c6_1920x1080.png" width="1456" height="819" data-attrs="{&quot;src&quot;:&quot;https://substack-post-media.s3.amazonaws.com/public/images/57f462df-3268-45ad-b0e7-6e9235e1d4c6_1920x1080.png&quot;,&quot;srcNoWatermark&quot;:null,&quot;fullscreen&quot;:null,&quot;imageSize&quot;:null,&quot;height&quot;:819,&quot;width&quot;:1456,&quot;resizeWidth&quot;:null,&quot;bytes&quot;:725375,&quot;alt&quot;:null,&quot;title&quot;:null,&quot;type&quot;:&quot;image/png&quot;,&quot;href&quot;:&quot;https://youtu.be/tjG-m4q7dcI&quot;,&quot;belowTheFold&quot;:false,&quot;topImage&quot;:false,&quot;internalRedirect&quot;:&quot;https://mintnl.substack.com/i/194791537?img=https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F57f462df-3268-45ad-b0e7-6e9235e1d4c6_1920x1080.png&quot;,&quot;isProcessing&quot;:false,&quot;align&quot;:null,&quot;offset&quot;:false}" class="sizing-normal" alt="" srcset="https://substackcdn.com/image/fetch/$s_!3v1s!,w_424,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F57f462df-3268-45ad-b0e7-6e9235e1d4c6_1920x1080.png 424w, https://substackcdn.com/image/fetch/$s_!3v1s!,w_848,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F57f462df-3268-45ad-b0e7-6e9235e1d4c6_1920x1080.png 848w, https://substackcdn.com/image/fetch/$s_!3v1s!,w_1272,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F57f462df-3268-45ad-b0e7-6e9235e1d4c6_1920x1080.png 1272w, https://substackcdn.com/image/fetch/$s_!3v1s!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F57f462df-3268-45ad-b0e7-6e9235e1d4c6_1920x1080.png 1456w" sizes="100vw"></picture><div class="image-link-expand"><div class="pencraft pc-display-flex pc-gap-8 pc-reset"><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container restack-image"><svg role="img" width="20" height="20" viewBox="0 0 20 20" fill="none" stroke-width="1.5" stroke="var(--color-fg-primary)" stroke-linecap="round" stroke-linejoin="round" xmlns="http://www.w3.org/2000/svg"><g><title></title><path d="M2.53001 7.81595C3.49179 4.73911 6.43281 2.5 9.91173 2.5C13.1684 2.5 15.9537 4.46214 17.0852 7.23684L17.6179 8.67647M17.6179 8.67647L18.5002 4.26471M17.6179 8.67647L13.6473 6.91176M17.4995 12.1841C16.5378 15.2609 13.5967 17.5 10.1178 17.5C6.86118 17.5 4.07589 15.5379 2.94432 12.7632L2.41165 11.3235M2.41165 11.3235L1.5293 15.7353M2.41165 11.3235L6.38224 13.0882"></path></g></svg></button><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container view-image"><svg xmlns="http://www.w3.org/2000/svg" width="20" height="20" viewBox="0 0 24 24" fill="none" stroke="currentColor" stroke-width="2" stroke-linecap="round" stroke-linejoin="round" class="lucide lucide-maximize2 lucide-maximize-2"><polyline points="15 3 21 3 21 9"></polyline><polyline points="9 21 3 21 3 15"></polyline><line x1="21" x2="14" y1="3" y2="10"></line><line x1="3" x2="10" y1="21" y2="14"></line></svg></button></div></div></div></a></figure></div><div><hr></div><h2><strong>MARKET WATCH</strong></h2><p>&#128201; <strong>Markets snap winning streak:</strong> India&#8217;s stock market fell today, ending a three-session rally as profit booking and cautious sentiment dragged equity benchmarks lower.</p><p>&#128315; <strong>Broader market resilient:</strong> The BSE Sensex declined 757 points (&#128315;0.95%) to 78,516.49 and Nifty 50 fell 199 points (&#128315;0.81%) to 24,378.10. 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Before the next piece hits the stands, here&#8217;s your exclusive glimpse into what&#8217;s brewing on our desk. Catch the story in tomorrow&#8217;s print edition.</em></p><h4>Pirojsha Godrej has a $5 trillion ambition</h4><p>Pirojsha Godrej, the chairman designate of Godrej Industries, is rewriting a 129-year legacy. With a &#8377;5 trillion target, two IPOs on the horizon, and a firm &#8216;no&#8217; to 70-hour work weeks, discover how the leader is crafting the group&#8217;s tomorrow. <a href="https://www.livemint.com/companies/people/pirojsha-godrej-interview-5-trillion-market-cap-11776856396373.html">Read on</a>.</p><div><hr></div><h2><strong>MINT MONEY</strong></h2><h4>Your portfolio isn&#8217;t as local as you think</h4><p>Think your investments are shielded by India&#8217;s growth story? Think again. As retail participation <a href="https://www.livemint.com/market/mutual-funds-sip-inflows-sensex-fall-domestic-institutional-investors-fpis-equity-schemes-market-volatility-11776700169688.html">surges</a> and stock market <a href="https://www.livemint.com/market/big-conglomerates-grip-on-market-cap-steadily-loosens-as-new-age-firms-rise-11776683798397.html">deepens</a>, Indian portfolios are increasingly moving in sync with global forces&#8212;from US interest rates to foreign capital flows. Even strong domestic inflows and economic resilience can&#8217;t offset this shift.</p><p>Correlations with global markets are rising, diversification is weakening, and currency movements are adding to hidden risks. The takeaway: what looks like a domestic portfolio is now deeply tied to the global financial cycle. <a href="https://www.livemint.com/money/personal-finance/indian-retail-portfolios-no-longer-insulated-from-global-shocks-us-markets-diversification-strategies-11776849475054.html">Read more</a>.</p><div><hr></div><h6>Edited by Madhumita Sen Choudhury. Produced by Tushar Deep Singh.</h6><div class="subscription-widget-wrap-editor" data-attrs="{&quot;url&quot;:&quot;https://mintnl.substack.com/subscribe?&quot;,&quot;text&quot;:&quot;Subscribe&quot;,&quot;language&quot;:&quot;en&quot;}" data-component-name="SubscribeWidgetToDOM"><div class="subscription-widget show-subscribe"><div class="preamble"><p class="cta-caption">Thanks for reading Mint Newsletters! Subscribe for free to receive new posts and support our work.</p></div><form class="subscription-widget-subscribe"><input type="email" class="email-input" name="email" placeholder="Type your email&#8230;" tabindex="-1"><input type="submit" class="button primary" value="Subscribe"><div class="fake-input-wrapper"><div class="fake-input"></div><div class="fake-button"></div></div></form></div></div>]]></content:encoded></item><item><title><![CDATA[The two antagonists of India consumption story]]></title><description><![CDATA[The squeeze has forced households to rethink spending, though not all in the same way.]]></description><link>https://mintnl.substack.com/p/the-two-antagonists-of-india-consumption</link><guid isPermaLink="false">https://mintnl.substack.com/p/the-two-antagonists-of-india-consumption</guid><dc:creator><![CDATA[Siddharth Sharma]]></dc:creator><pubDate>Tue, 21 Apr 2026 13:35:32 GMT</pubDate><enclosure url="https://substack-post-media.s3.amazonaws.com/public/images/cec9d8e7-b741-4d8e-84d3-fbcb1e1bb9f3_3872x2592.jpeg" length="0" type="image/jpeg"/><content:encoded><![CDATA[<p>India&#8217;s consumption story is starting to lose momentum, and the shift is hard to ignore. <a href="https://www.livemint.com/economy/india-inflation-anxiety-cpi-west-asia-war-food-fuel-monetary-policy-rbi-target-household-survey-11776615726045.html">Rising inflation</a>, volatile crude and <a href="https://www.livemint.com/news/a-drier-monsoon-is-on-way-imd-predicts-below-normal-rains-this-year-11776072890110.html">forecast of a weak monsoon</a> are nudging households to rethink spending, though not all in the same way.</p><p>At the lower end, the pressure is immediate. Higher costs of essentials like cooking gas are squeezing budgets, forcing households to cut back. At the top, the anxiety is more forward-looking. The household incomes are stable, but concerns around jobs, inflation and global uncertainty are making affluent consumers more cautious.</p><div class="captioned-image-container"><figure><a class="image-link image2 is-viewable-img" target="_blank" href="https://substackcdn.com/image/fetch/$s_!qjao!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fe4cad5d6-ab30-43c8-87fd-243ec76d3edf_1220x770.png" data-component-name="Image2ToDOM"><div class="image2-inset"><picture><source type="image/webp" srcset="https://substackcdn.com/image/fetch/$s_!qjao!,w_424,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fe4cad5d6-ab30-43c8-87fd-243ec76d3edf_1220x770.png 424w, https://substackcdn.com/image/fetch/$s_!qjao!,w_848,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fe4cad5d6-ab30-43c8-87fd-243ec76d3edf_1220x770.png 848w, https://substackcdn.com/image/fetch/$s_!qjao!,w_1272,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fe4cad5d6-ab30-43c8-87fd-243ec76d3edf_1220x770.png 1272w, https://substackcdn.com/image/fetch/$s_!qjao!,w_1456,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fe4cad5d6-ab30-43c8-87fd-243ec76d3edf_1220x770.png 1456w" sizes="100vw"><img src="https://substackcdn.com/image/fetch/$s_!qjao!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fe4cad5d6-ab30-43c8-87fd-243ec76d3edf_1220x770.png" width="1220" height="770" data-attrs="{&quot;src&quot;:&quot;https://substack-post-media.s3.amazonaws.com/public/images/e4cad5d6-ab30-43c8-87fd-243ec76d3edf_1220x770.png&quot;,&quot;srcNoWatermark&quot;:null,&quot;fullscreen&quot;:null,&quot;imageSize&quot;:null,&quot;height&quot;:770,&quot;width&quot;:1220,&quot;resizeWidth&quot;:null,&quot;bytes&quot;:98064,&quot;alt&quot;:null,&quot;title&quot;:null,&quot;type&quot;:&quot;image/png&quot;,&quot;href&quot;:null,&quot;belowTheFold&quot;:false,&quot;topImage&quot;:true,&quot;internalRedirect&quot;:&quot;https://mintnl.substack.com/i/194911084?img=https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fe4cad5d6-ab30-43c8-87fd-243ec76d3edf_1220x770.png&quot;,&quot;isProcessing&quot;:false,&quot;align&quot;:null,&quot;offset&quot;:false}" class="sizing-normal" alt="" srcset="https://substackcdn.com/image/fetch/$s_!qjao!,w_424,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fe4cad5d6-ab30-43c8-87fd-243ec76d3edf_1220x770.png 424w, https://substackcdn.com/image/fetch/$s_!qjao!,w_848,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fe4cad5d6-ab30-43c8-87fd-243ec76d3edf_1220x770.png 848w, https://substackcdn.com/image/fetch/$s_!qjao!,w_1272,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fe4cad5d6-ab30-43c8-87fd-243ec76d3edf_1220x770.png 1272w, https://substackcdn.com/image/fetch/$s_!qjao!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fe4cad5d6-ab30-43c8-87fd-243ec76d3edf_1220x770.png 1456w" sizes="100vw" fetchpriority="high"></picture><div class="image-link-expand"><div class="pencraft pc-display-flex pc-gap-8 pc-reset"><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container restack-image"><svg role="img" width="20" height="20" viewBox="0 0 20 20" fill="none" stroke-width="1.5" stroke="var(--color-fg-primary)" stroke-linecap="round" stroke-linejoin="round" xmlns="http://www.w3.org/2000/svg"><g><title></title><path d="M2.53001 7.81595C3.49179 4.73911 6.43281 2.5 9.91173 2.5C13.1684 2.5 15.9537 4.46214 17.0852 7.23684L17.6179 8.67647M17.6179 8.67647L18.5002 4.26471M17.6179 8.67647L13.6473 6.91176M17.4995 12.1841C16.5378 15.2609 13.5967 17.5 10.1178 17.5C6.86118 17.5 4.07589 15.5379 2.94432 12.7632L2.41165 11.3235M2.41165 11.3235L1.5293 15.7353M2.41165 11.3235L6.38224 13.0882"></path></g></svg></button><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container view-image"><svg xmlns="http://www.w3.org/2000/svg" width="20" height="20" viewBox="0 0 24 24" fill="none" stroke="currentColor" stroke-width="2" stroke-linecap="round" stroke-linejoin="round" class="lucide lucide-maximize2 lucide-maximize-2"><polyline points="15 3 21 3 21 9"></polyline><polyline points="9 21 3 21 3 15"></polyline><line x1="21" x2="14" y1="3" y2="10"></line><line x1="3" x2="10" y1="21" y2="14"></line></svg></button></div></div></div></a></figure></div><p>This split is showing up clearly in spending patterns. Big-ticket purchases are being postponed, while smaller, practical buys are gaining traction. Think induction cooktops and electric kettles instead of TVs and ACs. Even so, this shift may not sustain demand for long.</p><p>The slowdown is visible across sectors. FMCG has cooled sharply, with both urban and rural demand losing pace. India Inc. is also dealing with high input costs, but weak demand is limiting their ability to pass them on. <a href="https://www.livemint.com/economy/from-crude-to-monsoon-risks-indian-consumer-demand-splits-under-inflation-pressure-11776745069423.html">Read more</a>.</p><div><hr></div><div class="captioned-image-container"><figure><a class="image-link image2 is-viewable-img" target="_blank" href="https://youtu.be/tjG-m4q7dcI" data-component-name="Image2ToDOM"><div class="image2-inset"><picture><source type="image/webp" srcset="https://substackcdn.com/image/fetch/$s_!3v1s!,w_424,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F57f462df-3268-45ad-b0e7-6e9235e1d4c6_1920x1080.png 424w, https://substackcdn.com/image/fetch/$s_!3v1s!,w_848,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F57f462df-3268-45ad-b0e7-6e9235e1d4c6_1920x1080.png 848w, https://substackcdn.com/image/fetch/$s_!3v1s!,w_1272,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F57f462df-3268-45ad-b0e7-6e9235e1d4c6_1920x1080.png 1272w, https://substackcdn.com/image/fetch/$s_!3v1s!,w_1456,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F57f462df-3268-45ad-b0e7-6e9235e1d4c6_1920x1080.png 1456w" sizes="100vw"><img src="https://substackcdn.com/image/fetch/$s_!3v1s!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F57f462df-3268-45ad-b0e7-6e9235e1d4c6_1920x1080.png" width="1456" height="819" data-attrs="{&quot;src&quot;:&quot;https://substack-post-media.s3.amazonaws.com/public/images/57f462df-3268-45ad-b0e7-6e9235e1d4c6_1920x1080.png&quot;,&quot;srcNoWatermark&quot;:null,&quot;fullscreen&quot;:null,&quot;imageSize&quot;:null,&quot;height&quot;:819,&quot;width&quot;:1456,&quot;resizeWidth&quot;:null,&quot;bytes&quot;:725375,&quot;alt&quot;:null,&quot;title&quot;:null,&quot;type&quot;:&quot;image/png&quot;,&quot;href&quot;:&quot;https://youtu.be/tjG-m4q7dcI&quot;,&quot;belowTheFold&quot;:false,&quot;topImage&quot;:false,&quot;internalRedirect&quot;:&quot;https://mintnl.substack.com/i/194791537?img=https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F57f462df-3268-45ad-b0e7-6e9235e1d4c6_1920x1080.png&quot;,&quot;isProcessing&quot;:false,&quot;align&quot;:null,&quot;offset&quot;:false}" class="sizing-normal" alt="" srcset="https://substackcdn.com/image/fetch/$s_!3v1s!,w_424,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F57f462df-3268-45ad-b0e7-6e9235e1d4c6_1920x1080.png 424w, https://substackcdn.com/image/fetch/$s_!3v1s!,w_848,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F57f462df-3268-45ad-b0e7-6e9235e1d4c6_1920x1080.png 848w, https://substackcdn.com/image/fetch/$s_!3v1s!,w_1272,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F57f462df-3268-45ad-b0e7-6e9235e1d4c6_1920x1080.png 1272w, https://substackcdn.com/image/fetch/$s_!3v1s!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F57f462df-3268-45ad-b0e7-6e9235e1d4c6_1920x1080.png 1456w" sizes="100vw"></picture><div class="image-link-expand"><div class="pencraft pc-display-flex pc-gap-8 pc-reset"><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container restack-image"><svg role="img" width="20" height="20" viewBox="0 0 20 20" fill="none" stroke-width="1.5" stroke="var(--color-fg-primary)" stroke-linecap="round" stroke-linejoin="round" xmlns="http://www.w3.org/2000/svg"><g><title></title><path d="M2.53001 7.81595C3.49179 4.73911 6.43281 2.5 9.91173 2.5C13.1684 2.5 15.9537 4.46214 17.0852 7.23684L17.6179 8.67647M17.6179 8.67647L18.5002 4.26471M17.6179 8.67647L13.6473 6.91176M17.4995 12.1841C16.5378 15.2609 13.5967 17.5 10.1178 17.5C6.86118 17.5 4.07589 15.5379 2.94432 12.7632L2.41165 11.3235M2.41165 11.3235L1.5293 15.7353M2.41165 11.3235L6.38224 13.0882"></path></g></svg></button><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container view-image"><svg xmlns="http://www.w3.org/2000/svg" width="20" height="20" viewBox="0 0 24 24" fill="none" stroke="currentColor" stroke-width="2" stroke-linecap="round" stroke-linejoin="round" class="lucide lucide-maximize2 lucide-maximize-2"><polyline points="15 3 21 3 21 9"></polyline><polyline points="9 21 3 21 3 15"></polyline><line x1="21" x2="14" y1="3" y2="10"></line><line x1="3" x2="10" y1="21" y2="14"></line></svg></button></div></div></div></a></figure></div><div><hr></div><h2><strong>MARKET WATCH</strong></h2><p>&#128200; <strong>A Crude Rally: </strong>India&#8217;s stock market rose today as sentiment improved after crude oil prices cooled on expectations of a favourable outcome of US-Iran peace talks in Islamabad.</p><p>&#128176; <strong>Mixed Bag: </strong>S&amp;P BSE Sensex increased 753 points (&#128314;0.96%) to 79,273.33 and Nifty 50 rose 212 points (&#128314;0.87%) to 24,576.60. The mid and small caps saw modest gains. Investor wealth increased by about &#8377;3 lakh crore.</p><p><strong>&#128279; <a href="https://www.livemint.com/market/stock-market-news/sensex-jumps-753-points-nifty-50-ends-above-24-550-investors-earn-3-lakh-crore-in-a-day-us-iran-peace-talks-in-focus-11776764475798.html">Key factors that moved India&#8217;s stock market today</a></strong></p><div><hr></div><h2><strong>BEST OF MINT</strong></h2><ul><li><p><a href="https://www.livemint.com/companies/people/mint-explainer-apple-names-new-ceo-decoding-cook-s-tenure-ternus-s-prospects-11776756499679.html">Apple names new CEO: Decoding Cook&#8217;s tenure, Ternus&#8217;s prospect</a></p></li><li><p><a href="https://www.livemint.com/market/mutual-funds-sip-inflows-sensex-fall-domestic-institutional-investors-fpis-equity-schemes-market-volatility-11776700169688.html">In charts: How mutual fund investors responded to the March volatility</a></p></li><li><p><a href="https://www.livemint.com/market/sebis-crackdown-options-frenzy-bearing-fruit-nse-data-shows-high-risk-equity-options-segment-retail-investors-11776755742873.html">SEBI crackdown on options frenzy is bearing fruit, NSE data shows</a></p></li><li><p><a href="https://www.livemint.com/industry/noida-jewar-airport-pending-security-clearance-nod-ceo-11776742952279.html">A six-year wait for CEO is set to delay launch of Noida Airport</a> </p></li></ul><h4>In tomorrow&#8217;s print edition:</h4><ul><li><p><a href="https://www.livemint.com/market/mark-to-market/crude-oil-prices-input-cost-inflation-price-hikes-cement-prices-asian-paints-fmcg-margin-pressure-shrinkflation-11776757800089.html">India Inc chooses margins over volumes in crude-led cost storm</a></p></li><li><p><a href="https://www.livemint.com/companies/tea-caf-chaayos-fund-raise-tiger-global-elevation-capital-avendus-think-investments-11776738291131.html">Chaayos in talks to raise $50-70 million, appoints banker</a></p></li><li><p><a href="https://www.livemint.com/companies/suzlon-eyes-europe-comeback-next-gen-wind-turbines-blue-sky-product-platform-11776752822916.html">Suzlon eyes Europe comeback with next-gen wind turbines</a></p></li><li><p><a href="https://www.livemint.com/companies/pe-giants-circle-giva-80-100-million-deal-growing-jewelry-demand-11776757619244.html">A clutch of PE firms make a beeline for $100-million Giva stake</a></p></li></ul><div><hr></div><h6>THIS WEEK, ON MINT TICKER</h6><div class="digest-post-embed" data-attrs="{&quot;nodeId&quot;:&quot;5b5bab84-545c-41e8-af50-8beebd208f98&quot;,&quot;caption&quot;:&quot;Welcome to Ticker, Mint&#8217;s latest newsletter by Vijay L. Bhambwani to help you navigate India&#8217;s stock market. His approach is technical, analysis incisive&#8212;a must-read for the seasoned investor as well as the newbie testing the choppy waters of Dalal Street.&quot;,&quot;cta&quot;:&quot;Read full story&quot;,&quot;showBylines&quot;:true,&quot;size&quot;:&quot;sm&quot;,&quot;isEditorNode&quot;:true,&quot;title&quot;:&quot;'Hopium' may drive up market, but will the high last?&quot;,&quot;publishedBylines&quot;:[{&quot;id&quot;:483612302,&quot;name&quot;:&quot;Vijay Bhambwani&quot;,&quot;bio&quot;:&quot;Prop trading markets since 1986, Ceo of a statistical &amp; behavioural models based prop trading company. Best-selling author, media guest columnist and resource depletion buff. No paid services.&quot;,&quot;photo_url&quot;:&quot;https://substack-post-media.s3.amazonaws.com/public/images/e7d47714-2eef-4a19-b331-03dc15eac7ba_719x719.png&quot;,&quot;is_guest&quot;:true,&quot;bestseller_tier&quot;:null,&quot;primaryPublicationSubscribeUrl&quot;:&quot;https://bhambwanivijay.substack.com/subscribe?&quot;,&quot;primaryPublicationUrl&quot;:&quot;https://bhambwanivijay.substack.com&quot;,&quot;primaryPublicationName&quot;:&quot;Vijay's Substack&quot;,&quot;primaryPublicationId&quot;:8426898}],&quot;post_date&quot;:&quot;2026-04-20T02:30:44.257Z&quot;,&quot;cover_image&quot;:&quot;https://substack-post-media.s3.amazonaws.com/public/images/d31a1baa-daf7-4236-ac64-d431fc7a4854_1280x960.jpeg&quot;,&quot;cover_image_alt&quot;:null,&quot;canonical_url&quot;:&quot;https://mintnl.substack.com/p/hopium-may-drive-up-market-but-will&quot;,&quot;section_name&quot;:&quot;Ticker&quot;,&quot;video_upload_id&quot;:null,&quot;id&quot;:193976815,&quot;type&quot;:&quot;newsletter&quot;,&quot;reaction_count&quot;:15,&quot;comment_count&quot;:0,&quot;publication_id&quot;:4724261,&quot;publication_name&quot;:&quot;Mint Newsletters&quot;,&quot;publication_logo_url&quot;:&quot;https://substackcdn.com/image/fetch/$s_!OEV3!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F433c3cd1-8b1f-4b40-8e98-231a1808aa31_1280x1280.png&quot;,&quot;belowTheFold&quot;:true,&quot;youtube_url&quot;:null,&quot;show_links&quot;:null,&quot;feed_url&quot;:null}"></div><div><hr></div><h2><strong>SNEAK A PEEK</strong></h2><p><em><a href="https://www.livemint.com/topic/long-story">Long Story</a>, a much-loved Mint feature, is published every weekday. Before the next piece hits the stands, here&#8217;s your exclusive glimpse into what&#8217;s brewing on our desk. Catch the story in tomorrow&#8217;s print edition.</em></p><h4>Tamil Nadu Elections 2026</h4><p>Two Dravidian parties&#8212;DMK and AIADMK&#8212;have been dominating Tamil Nadu&#8217;s politics since the late 1960s. The state, for the first time in history, is seeing a strong four-cornered contest. This makes the electoral outcome difficult to predict. <a href="https://www.livemint.com/elections/tamil-nadu-2026-election-ground-report-economy-vs-incumbency-11776766865853.html">Read more</a>.</p><div><hr></div><h2><strong>MINT MONEY</strong></h2><h4>India&#8217;s home-loan boom runs into a wall of paperwork</h4><p>A home loan is rite of passage for home buyers in India but the process is anything but smooth. From excessive paperwork to unclear requirements and privacy concerns, borrowers face hurdles at every stage. Even closing a loan can bring fresh complications.</p><p>While lenders cite risk checks, the lack of standardisation adds to the friction. As home ownership rises in India, the real cost of a loan isn&#8217;t just interest, it&#8217;s the time, complexity and uncertainty that come with it. <a href="https://www.livemint.com/money/personal-finance/india-home-buyers-home-loans-paperwork-kyc-rules-rbi-11776684319252.html">Read more</a>.</p><div><hr></div><h6>Edited by Madhumita Sen Choudhury. Produced by Tushar Deep Singh.</h6><div class="subscription-widget-wrap-editor" data-attrs="{&quot;url&quot;:&quot;https://mintnl.substack.com/subscribe?&quot;,&quot;text&quot;:&quot;Subscribe&quot;,&quot;language&quot;:&quot;en&quot;}" data-component-name="SubscribeWidgetToDOM"><div class="subscription-widget show-subscribe"><div class="preamble"><p class="cta-caption">Thanks for reading Mint Newsletters! Subscribe for free to receive new posts and support our work.</p></div><form class="subscription-widget-subscribe"><input type="email" class="email-input" name="email" placeholder="Type your email&#8230;" tabindex="-1"><input type="submit" class="button primary" value="Subscribe"><div class="fake-input-wrapper"><div class="fake-input"></div><div class="fake-button"></div></div></form></div></div>]]></content:encoded></item><item><title><![CDATA[Why inflation feels higher than it is]]></title><description><![CDATA[The gap between perception and reality has widened again amid the Iran war.]]></description><link>https://mintnl.substack.com/p/why-inflation-feels-higher-than-it</link><guid isPermaLink="false">https://mintnl.substack.com/p/why-inflation-feels-higher-than-it</guid><dc:creator><![CDATA[Siddharth Sharma]]></dc:creator><pubDate>Mon, 20 Apr 2026 13:17:12 GMT</pubDate><enclosure url="https://substack-post-media.s3.amazonaws.com/public/images/83ef2ca1-d570-4297-b53b-46f61a968897_5000x3314.jpeg" length="0" type="image/jpeg"/><content:encoded><![CDATA[<p>Most households don&#8217;t track CPI&#8212;they feel inflation through daily expenses. That&#8217;s why &#8220;felt&#8221; inflation in India remains 4-6% higher than official numbers, even after methodological updates.</p><p>The gap has widened again amid the Iran war. RBI surveys show rising short- and medium-term expectations despite inflation at 3.4%. Anxiety is sharper among lower-income and retired groups, who are more exposed to food and fuel costs.</p><div class="captioned-image-container"><figure><a class="image-link image2 is-viewable-img" target="_blank" href="https://substackcdn.com/image/fetch/$s_!8mhU!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F0194b58b-4651-4d89-b60b-ded61f2c79ae_2132x1984.png" data-component-name="Image2ToDOM"><div class="image2-inset"><picture><source type="image/webp" srcset="https://substackcdn.com/image/fetch/$s_!8mhU!,w_424,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F0194b58b-4651-4d89-b60b-ded61f2c79ae_2132x1984.png 424w, https://substackcdn.com/image/fetch/$s_!8mhU!,w_848,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F0194b58b-4651-4d89-b60b-ded61f2c79ae_2132x1984.png 848w, https://substackcdn.com/image/fetch/$s_!8mhU!,w_1272,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F0194b58b-4651-4d89-b60b-ded61f2c79ae_2132x1984.png 1272w, https://substackcdn.com/image/fetch/$s_!8mhU!,w_1456,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F0194b58b-4651-4d89-b60b-ded61f2c79ae_2132x1984.png 1456w" sizes="100vw"><img src="https://substackcdn.com/image/fetch/$s_!8mhU!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F0194b58b-4651-4d89-b60b-ded61f2c79ae_2132x1984.png" width="1456" height="1355" data-attrs="{&quot;src&quot;:&quot;https://substack-post-media.s3.amazonaws.com/public/images/0194b58b-4651-4d89-b60b-ded61f2c79ae_2132x1984.png&quot;,&quot;srcNoWatermark&quot;:null,&quot;fullscreen&quot;:null,&quot;imageSize&quot;:null,&quot;height&quot;:1355,&quot;width&quot;:1456,&quot;resizeWidth&quot;:null,&quot;bytes&quot;:4495618,&quot;alt&quot;:null,&quot;title&quot;:null,&quot;type&quot;:&quot;image/png&quot;,&quot;href&quot;:null,&quot;belowTheFold&quot;:false,&quot;topImage&quot;:true,&quot;internalRedirect&quot;:&quot;https://mintnl.substack.com/i/194791537?img=https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F0194b58b-4651-4d89-b60b-ded61f2c79ae_2132x1984.png&quot;,&quot;isProcessing&quot;:false,&quot;align&quot;:null,&quot;offset&quot;:false}" class="sizing-normal" alt="" srcset="https://substackcdn.com/image/fetch/$s_!8mhU!,w_424,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F0194b58b-4651-4d89-b60b-ded61f2c79ae_2132x1984.png 424w, https://substackcdn.com/image/fetch/$s_!8mhU!,w_848,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F0194b58b-4651-4d89-b60b-ded61f2c79ae_2132x1984.png 848w, https://substackcdn.com/image/fetch/$s_!8mhU!,w_1272,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F0194b58b-4651-4d89-b60b-ded61f2c79ae_2132x1984.png 1272w, https://substackcdn.com/image/fetch/$s_!8mhU!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F0194b58b-4651-4d89-b60b-ded61f2c79ae_2132x1984.png 1456w" sizes="100vw" fetchpriority="high"></picture><div class="image-link-expand"><div class="pencraft pc-display-flex pc-gap-8 pc-reset"><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container restack-image"><svg role="img" width="20" height="20" viewBox="0 0 20 20" fill="none" stroke-width="1.5" stroke="var(--color-fg-primary)" stroke-linecap="round" stroke-linejoin="round" xmlns="http://www.w3.org/2000/svg"><g><title></title><path d="M2.53001 7.81595C3.49179 4.73911 6.43281 2.5 9.91173 2.5C13.1684 2.5 15.9537 4.46214 17.0852 7.23684L17.6179 8.67647M17.6179 8.67647L18.5002 4.26471M17.6179 8.67647L13.6473 6.91176M17.4995 12.1841C16.5378 15.2609 13.5967 17.5 10.1178 17.5C6.86118 17.5 4.07589 15.5379 2.94432 12.7632L2.41165 11.3235M2.41165 11.3235L1.5293 15.7353M2.41165 11.3235L6.38224 13.0882"></path></g></svg></button><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container view-image"><svg xmlns="http://www.w3.org/2000/svg" width="20" height="20" viewBox="0 0 24 24" fill="none" stroke="currentColor" stroke-width="2" stroke-linecap="round" stroke-linejoin="round" class="lucide lucide-maximize2 lucide-maximize-2"><polyline points="15 3 21 3 21 9"></polyline><polyline points="9 21 3 21 3 15"></polyline><line x1="21" x2="14" y1="3" y2="10"></line><line x1="3" x2="10" y1="21" y2="14"></line></svg></button></div></div></div></a></figure></div><p>Even if prices are partly cushioned by policy, second-order effects are feeding concern. Food and fuel dominate perceptions, rising quickly but easing slowly. This creates a disconnect: While policymakers expect inflation near 4.5%, households increasingly brace for much higher levels, shaping spending and saving behaviour. <a href="https://www.livemint.com/economy/india-inflation-anxiety-cpi-west-asia-war-food-fuel-monetary-policy-rbi-target-household-survey-11776615726045.html">Read more</a>.</p><div><hr></div><div class="captioned-image-container"><figure><a class="image-link image2 is-viewable-img" target="_blank" href="https://youtu.be/tjG-m4q7dcI" data-component-name="Image2ToDOM"><div class="image2-inset"><picture><source type="image/webp" srcset="https://substackcdn.com/image/fetch/$s_!3v1s!,w_424,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F57f462df-3268-45ad-b0e7-6e9235e1d4c6_1920x1080.png 424w, https://substackcdn.com/image/fetch/$s_!3v1s!,w_848,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F57f462df-3268-45ad-b0e7-6e9235e1d4c6_1920x1080.png 848w, https://substackcdn.com/image/fetch/$s_!3v1s!,w_1272,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F57f462df-3268-45ad-b0e7-6e9235e1d4c6_1920x1080.png 1272w, https://substackcdn.com/image/fetch/$s_!3v1s!,w_1456,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F57f462df-3268-45ad-b0e7-6e9235e1d4c6_1920x1080.png 1456w" sizes="100vw"><img src="https://substackcdn.com/image/fetch/$s_!3v1s!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F57f462df-3268-45ad-b0e7-6e9235e1d4c6_1920x1080.png" width="1456" height="819" data-attrs="{&quot;src&quot;:&quot;https://substack-post-media.s3.amazonaws.com/public/images/57f462df-3268-45ad-b0e7-6e9235e1d4c6_1920x1080.png&quot;,&quot;srcNoWatermark&quot;:null,&quot;fullscreen&quot;:null,&quot;imageSize&quot;:null,&quot;height&quot;:819,&quot;width&quot;:1456,&quot;resizeWidth&quot;:null,&quot;bytes&quot;:725375,&quot;alt&quot;:null,&quot;title&quot;:null,&quot;type&quot;:&quot;image/png&quot;,&quot;href&quot;:&quot;https://youtu.be/tjG-m4q7dcI&quot;,&quot;belowTheFold&quot;:false,&quot;topImage&quot;:false,&quot;internalRedirect&quot;:&quot;https://mintnl.substack.com/i/194791537?img=https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F57f462df-3268-45ad-b0e7-6e9235e1d4c6_1920x1080.png&quot;,&quot;isProcessing&quot;:false,&quot;align&quot;:null,&quot;offset&quot;:false}" class="sizing-normal" alt="" srcset="https://substackcdn.com/image/fetch/$s_!3v1s!,w_424,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F57f462df-3268-45ad-b0e7-6e9235e1d4c6_1920x1080.png 424w, https://substackcdn.com/image/fetch/$s_!3v1s!,w_848,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F57f462df-3268-45ad-b0e7-6e9235e1d4c6_1920x1080.png 848w, https://substackcdn.com/image/fetch/$s_!3v1s!,w_1272,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F57f462df-3268-45ad-b0e7-6e9235e1d4c6_1920x1080.png 1272w, https://substackcdn.com/image/fetch/$s_!3v1s!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F57f462df-3268-45ad-b0e7-6e9235e1d4c6_1920x1080.png 1456w" sizes="100vw"></picture><div class="image-link-expand"><div class="pencraft pc-display-flex pc-gap-8 pc-reset"><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container restack-image"><svg role="img" width="20" height="20" viewBox="0 0 20 20" fill="none" stroke-width="1.5" stroke="var(--color-fg-primary)" stroke-linecap="round" stroke-linejoin="round" xmlns="http://www.w3.org/2000/svg"><g><title></title><path d="M2.53001 7.81595C3.49179 4.73911 6.43281 2.5 9.91173 2.5C13.1684 2.5 15.9537 4.46214 17.0852 7.23684L17.6179 8.67647M17.6179 8.67647L18.5002 4.26471M17.6179 8.67647L13.6473 6.91176M17.4995 12.1841C16.5378 15.2609 13.5967 17.5 10.1178 17.5C6.86118 17.5 4.07589 15.5379 2.94432 12.7632L2.41165 11.3235M2.41165 11.3235L1.5293 15.7353M2.41165 11.3235L6.38224 13.0882"></path></g></svg></button><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container view-image"><svg xmlns="http://www.w3.org/2000/svg" width="20" height="20" viewBox="0 0 24 24" fill="none" stroke="currentColor" stroke-width="2" stroke-linecap="round" stroke-linejoin="round" class="lucide lucide-maximize2 lucide-maximize-2"><polyline points="15 3 21 3 21 9"></polyline><polyline points="9 21 3 21 3 15"></polyline><line x1="21" x2="14" y1="3" y2="10"></line><line x1="3" x2="10" y1="21" y2="14"></line></svg></button></div></div></div></a></figure></div><div><hr></div><h2><strong>MARKET WATCH</strong></h2><p>&#9878;&#65039; <strong>A flat trading session: </strong>India&#8217;s stock market was little changed today as a surge in crude oil prices and persistent US-Iran tensions kept investor sentiment cautious.</p><p>&#128202; <strong>The broader market lags:</strong> Sensex added 27 points (&#128314;0.03%) to 78,520.30 and Nifty 50 gained 11 points (&#128314;0.05%) to 24,364.85. Midcaps and smallcaps underperformed, falling 0.18% and 0.45%, respectively..</p><p><strong>&#128279; <a href="https://www.livemint.com/market/stock-market-news/sensex-inches-up-27-points-nifty-50-ends-above-24-350-mid-small-caps-underperform-11776678928709.html">Key factors that moved India&#8217;s stock market today</a></strong></p><div><hr></div><h2><strong>BEST OF MINT</strong></h2><ul><li><p><a href="https://www.livemint.com/mutual-fund/mf-news/gift-city-amcs-salary-hikes-perks-fund-managers-gujarat-finance-hub-ifsc-11776656860803.html">GIFT-Wrapped: AMCs offer 60% salary hike to fund managers to leave BKC and move to GIFT City</a></p></li><li><p><a href="https://www.livemint.com/market/mark-to-market/icici-bank-s-strong-q4-revives-re-rating-hopes-despite-cost-pressures-11776671677498.html">ICICI Bank&#8217;s strong Q4 revives re-rating hopes despite cost pressures</a></p></li><li><p><a href="https://www.livemint.com/market/stock-market-news/power-transmission-stocks-rally-hitachi-ge-good-buys-clean-energy-push-11776622775022.html">Power transmission stocks rally&#8212;but are Hitachi, GE still good buys?</a></p></li><li><p><a href="https://www.livemint.com/companies/news/jaiprakash-associates-insolvency-case-vedanta-vs-adani-nclat-11776658682519.html">Jaypee lenders flag &#8216;leak&#8217; that may have aided Vedanta bid</a> </p></li></ul><h4>In tomorrow&#8217;s print edition:</h4><ul><li><p><a href="https://www.livemint.com/companies/vedanta-vs-adani-jaiprakash-case-may-test-limits-commercial-wisdom-jal-insolvency-11776672242787.html">Vedanta vs Adani: Jaypee case to test limits of &#8216;commercial wisdom&#8217;</a></p></li><li><p><a href="https://www.livemint.com/companies/news/alivaa-hotels-unbranded-hotels-80-properties-fundraising-plan-ananta-capital-hotel-room-inventory-romesh-koul-11776662395873.html">Alivaa Hotels bets on unbranded market for growth in FY27</a></p></li><li><p><a href="https://www.livemint.com/market/mark-to-market/rising-costs-stall-bajaj-consumer-s-strong-recovery-global-headwinds-global-headwinds-11776676845182.html">Will rising costs stall Bajaj Consumer&#8217;s strong recovery?</a></p></li><li><p><a href="https://www.livemint.com/companies/news/tata-trusts-move-to-allow-non-zoroastrians-won-t-validate-current-trustees-mehli-mistry-11776660685648.html">Tata Trusts move to allow non-Zoroastrians won&#8217;t validate current trustees: Mehli Mistry</a></p></li></ul><div><hr></div><h6>THIS WEEK, ON MINT TICKER</h6><div class="digest-post-embed" data-attrs="{&quot;nodeId&quot;:&quot;5b5bab84-545c-41e8-af50-8beebd208f98&quot;,&quot;caption&quot;:&quot;Welcome to Ticker, Mint&#8217;s latest newsletter by Vijay L. Bhambwani to help you navigate India&#8217;s stock market. His approach is technical, analysis incisive&#8212;a must-read for the seasoned investor as well as the newbie testing the choppy waters of Dalal Street.&quot;,&quot;cta&quot;:&quot;Read full story&quot;,&quot;showBylines&quot;:true,&quot;size&quot;:&quot;sm&quot;,&quot;isEditorNode&quot;:true,&quot;title&quot;:&quot;'Hopium' may drive up market, but will the high last?&quot;,&quot;publishedBylines&quot;:[{&quot;id&quot;:483612302,&quot;name&quot;:&quot;Vijay Bhambwani&quot;,&quot;bio&quot;:&quot;Prop trading markets since 1986, Ceo of a statistical &amp; behavioural models based prop trading company. Best-selling author, media guest columnist and resource depletion buff. No paid services.&quot;,&quot;photo_url&quot;:&quot;https://substack-post-media.s3.amazonaws.com/public/images/e7d47714-2eef-4a19-b331-03dc15eac7ba_719x719.png&quot;,&quot;is_guest&quot;:true,&quot;bestseller_tier&quot;:null,&quot;primaryPublicationSubscribeUrl&quot;:&quot;https://bhambwanivijay.substack.com/subscribe?&quot;,&quot;primaryPublicationUrl&quot;:&quot;https://bhambwanivijay.substack.com&quot;,&quot;primaryPublicationName&quot;:&quot;Vijay's Substack&quot;,&quot;primaryPublicationId&quot;:8426898}],&quot;post_date&quot;:&quot;2026-04-20T02:30:44.257Z&quot;,&quot;cover_image&quot;:&quot;https://substack-post-media.s3.amazonaws.com/public/images/d31a1baa-daf7-4236-ac64-d431fc7a4854_1280x960.jpeg&quot;,&quot;cover_image_alt&quot;:null,&quot;canonical_url&quot;:&quot;https://mintnl.substack.com/p/hopium-may-drive-up-market-but-will&quot;,&quot;section_name&quot;:&quot;Ticker&quot;,&quot;video_upload_id&quot;:null,&quot;id&quot;:193976815,&quot;type&quot;:&quot;newsletter&quot;,&quot;reaction_count&quot;:15,&quot;comment_count&quot;:0,&quot;publication_id&quot;:4724261,&quot;publication_name&quot;:&quot;Mint Newsletters&quot;,&quot;publication_logo_url&quot;:&quot;https://substackcdn.com/image/fetch/$s_!OEV3!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F433c3cd1-8b1f-4b40-8e98-231a1808aa31_1280x1280.png&quot;,&quot;belowTheFold&quot;:true,&quot;youtube_url&quot;:null,&quot;show_links&quot;:null,&quot;feed_url&quot;:null}"></div><div><hr></div><h2><strong>SNEAK A PEEK</strong></h2><p><em><a href="https://www.livemint.com/topic/long-story">Long Story</a>, a much-loved Mint feature, is published every weekday. Before the next piece hits the stands, here&#8217;s your exclusive glimpse into what&#8217;s brewing on our desk. Catch the story in tomorrow&#8217;s print edition.</em></p><h4>A taste of the terrain</h4><p>From the sacred forests of Jharkhand to urban shelves, the mahua tree is getting a makeover. So are heirloom rice varieties. Discover how niche food brands are tapping into consumer demand for authenticity and purity while delivering foods from hinterland India. <a href="https://www.livemint.com/news/the-premium-renaissance-of-regional-staples-11776681126920.html">Read on</a>.</p><div><hr></div><h2><strong>MINT MONEY</strong></h2><h3>UPI vs E-Rupee: Which is safer?</h3><p>An unintended fallout of the proliferation of UPI is fraud. Scamsters exploit instant payments and user behaviour to siphon away cash. The e-rupee, meanwhile, is closer to digital cash with fewer leaks. Does that make it safer? Not entirely. While risks shift, they don&#8217;t disappear. As both systems evolve, the real question isn&#8217;t just convenience, but how India balances speed, trust and security in its digital payments future. <a href="https://www.livemint.com/money/personal-finance/upi-fraud-e-rupee-cbdc-rbi-cooling-off-period-digital-payments-india-social-engineering-scams-npci-dispute-resolution-11776666599784.html">Read more</a>.</p><div><hr></div><h6>Edited by Rashmi Sanyal. Produced by Tushar Deep Singh.</h6><div class="subscription-widget-wrap-editor" data-attrs="{&quot;url&quot;:&quot;https://mintnl.substack.com/subscribe?&quot;,&quot;text&quot;:&quot;Subscribe&quot;,&quot;language&quot;:&quot;en&quot;}" data-component-name="SubscribeWidgetToDOM"><div class="subscription-widget show-subscribe"><div class="preamble"><p class="cta-caption">Thanks for reading Mint Newsletters! Subscribe for free to receive new posts and support our work.</p></div><form class="subscription-widget-subscribe"><input type="email" class="email-input" name="email" placeholder="Type your email&#8230;" tabindex="-1"><input type="submit" class="button primary" value="Subscribe"><div class="fake-input-wrapper"><div class="fake-input"></div><div class="fake-button"></div></div></form></div></div>]]></content:encoded></item><item><title><![CDATA[JSW One is raising a lot of money before IPO]]></title><description><![CDATA[A $100 million now, up to $400 million later.]]></description><link>https://mintnl.substack.com/p/jsw-one-is-raising-a-lot-of-money</link><guid isPermaLink="false">https://mintnl.substack.com/p/jsw-one-is-raising-a-lot-of-money</guid><dc:creator><![CDATA[Siddharth Sharma]]></dc:creator><pubDate>Fri, 17 Apr 2026 13:31:53 GMT</pubDate><enclosure url="https://substack-post-media.s3.amazonaws.com/public/images/8e0114cf-daf7-4442-bf08-2939515818ec_5000x3481.jpeg" length="0" type="image/jpeg"/><content:encoded><![CDATA[<p>JSW One Platforms <a href="https://www.livemint.com/companies/jsw-one-platform-ipo-sajjan-jindal-b2b-marketplace-unicorn-11776406775396.html">is gearing up for a public listing</a>, with plans to raise &#8377;650-700 crore (~$100 million) in a private round this quarter and $350-400 million via an IPO by the end of FY27. The billionaire Sajjan Jindal-led, tech-first B2B marketplace has initiated informal discussions with bankers, with mandates expected to be finalised soon, though deal structures remain fluid.</p><p>The move comes amid rising interest in India&#8217;s B2B commerce space, where digital platforms are expected to unlock a $200-billion opportunity by 2030 as supply chains formalise.</p><p>JSW One has seen rapid scale-up, reporting gross merchandise value (GMV) of &#8377;12,567 crore in FY25&#8212;a 240% jump year-on-year. It is targeting breakeven in FY26. The company positions itself as a full-stack platform for MSMEs, combining e-commerce, logistics and embedded finance through its NBFC.</p><div><hr></div><h2><strong>MARKET WATCH</strong></h2><p>&#128200; <strong>A second week of gains:</strong> Strong, broad-based buying helped India&#8217;s stock market end higher today, with the benchmarks extending gains for a second straight week.</p><p>&#128640; <strong>The outperformance:</strong> Sensex rose 505 points (&#128314;0.65%) to 78,493.54 and Nifty 50 gained 157 points (&#128314;0.65%) to 24,353.55. The midcaps and smallcaps outshone, climbing 1.27% and 1.48% to signal improved risk appetite.</p><p><strong>&#128279; <a href="https://www.livemint.com/market/stock-market-news/sensex-gains-500-points-nifty-50-ends-above-24-350-investors-earn-5-lakh-crore-in-a-day-11776419724364.html">Key factors that moved India&#8217;s stock market today</a></strong></p><div><hr></div><h2><strong>BEST OF MINT</strong></h2><ul><li><p><a href="https://www.livemint.com/market/stock-market-news/sebi-top-brokers-q4-data-stock-markets-equity-derivatives-trading-india-11776339084137.html">SEBI asks top brokers to share Q4 P&amp;L data of F&amp;O clients</a></p></li><li><p><a href="https://www.livemint.com/technology/tech-news/microsoft-azure-strategy-flexibility-clients-ai-deals-cloud-business-11776412280955.html">Microsoft aims to do a Azure to win long-term AI deals</a></p></li><li><p><a href="https://www.livemint.com/money/personal-finance/credit-score-cibil-rbi-credit-reporting-norms-outstanding-loan-balance-emi-default-impact-11776336050304.html">Your Cibil score could update faster. Here&#8217;s what changed</a></p></li><li><p><a href="https://www.livemint.com/market/mark-to-market/wipro-massive-buyback-growth-problems-macro-uncertainties-client-specific-execution-delays-uneven-growth-contract-values-11776405397427.html">Wipro&#8217;s biggest buyback fails to mask the growth problem</a> </p></li></ul><h4>In tomorrow&#8217;s Lounge edition:</h4><ul><li><p><a href="https://www.livemint.com/mint-lounge/art-and-culture/asha-bhosle-hindi-film-music-playback-singer-desire-cinema-bollywood-helen-11776401791703.html">Asha Bhosle&#8217;s empire of desire</a></p></li><li><p><a href="https://www.livemint.com/mint-lounge/style/exhibition-repository-of-woven-memories-kanjeevaram-vijayalakshmi-silks-11776413214469.html">Inside an exhibition documenting South India&#8217;s silk legacy</a></p></li><li><p><a href="https://www.livemint.com/mint-lounge/urraca-feni-cocktail-bars-cashew-goa-11776402407881.html">Whatever happened to good old &#8216;urraca&#8217;?</a></p></li><li><p><a href="https://www.livemint.com/mint-lounge/art-and-culture/euphoria-jaws-beef-matka-king-new-releases-theatres-11776341801297.html">What to watch this weekend: &#8216;Euphoria&#8217;, &#8216;Jaws&#8217; and more</a></p></li></ul><div><hr></div><h2><strong>MINT MONEY</strong></h2><h3>A real-time credit score</h3><p>Cleared a loan but still stuck with a low credit score? That lag may soon shrink. The Reserve Bank of India has asked lenders to update credit data every week instead of fortnight to make scores more real-time. The new score may now reflect in about two weeks instead of over a month.</p><p>For you, that means quicker rewards for repayments but faster penalties for missed EMIs. For lenders, better risk assessment and faster approvals. Your credit behaviour is set to matter more than ever, almost in real time. <a href="https://www.livemint.com/money/personal-finance/credit-score-cibil-rbi-credit-reporting-norms-outstanding-loan-balance-emi-default-impact-11776336050304.html">Read more.</a></p><div><hr></div><h6>Edited by Rashmi Sanyal. Produced by Tushar Deep Singh.</h6><div class="subscription-widget-wrap-editor" data-attrs="{&quot;url&quot;:&quot;https://mintnl.substack.com/subscribe?&quot;,&quot;text&quot;:&quot;Subscribe&quot;,&quot;language&quot;:&quot;en&quot;}" data-component-name="SubscribeWidgetToDOM"><div class="subscription-widget show-subscribe"><div class="preamble"><p class="cta-caption">Thanks for reading Mint Newsletters! Subscribe for free to receive new posts and support our work.</p></div><form class="subscription-widget-subscribe"><input type="email" class="email-input" name="email" placeholder="Type your email&#8230;" tabindex="-1"><input type="submit" class="button primary" value="Subscribe"><div class="fake-input-wrapper"><div class="fake-input"></div><div class="fake-button"></div></div></form></div></div>]]></content:encoded></item><item><title><![CDATA[India's trade engine is hit by a war-sized snag]]></title><description><![CDATA[India's trade data for March masks a sharper regional shock.]]></description><link>https://mintnl.substack.com/p/indias-trade-engine-is-hit-by-a-war</link><guid isPermaLink="false">https://mintnl.substack.com/p/indias-trade-engine-is-hit-by-a-war</guid><dc:creator><![CDATA[Shravani Sinha]]></dc:creator><pubDate>Thu, 16 Apr 2026 13:52:26 GMT</pubDate><enclosure url="https://substack-post-media.s3.amazonaws.com/public/images/732dd907-4c75-41cf-b186-cea98ae8bf68_3000x2000.jpeg" length="0" type="image/jpeg"/><content:encoded><![CDATA[<p>India&#8217;s trade has ran into turbulence, and West Asia is at the centre of it. Data shows exports fell 7.4% and imports were down 6.5% in March, but the headline numbers mask a sharper regional shock.</p><p>Trade with key Gulf partners such as the United Arab Emirates, Saudi Arabia and Qatar has fallen steeply, dragging overall flows lower.</p><div class="captioned-image-container"><figure><a class="image-link image2 is-viewable-img" target="_blank" href="https://substackcdn.com/image/fetch/$s_!R0cS!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F666faf00-c471-4c69-b3b0-b4c57f58fd3a_2016x2084.png" data-component-name="Image2ToDOM"><div class="image2-inset"><picture><source type="image/webp" srcset="https://substackcdn.com/image/fetch/$s_!R0cS!,w_424,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F666faf00-c471-4c69-b3b0-b4c57f58fd3a_2016x2084.png 424w, https://substackcdn.com/image/fetch/$s_!R0cS!,w_848,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F666faf00-c471-4c69-b3b0-b4c57f58fd3a_2016x2084.png 848w, https://substackcdn.com/image/fetch/$s_!R0cS!,w_1272,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F666faf00-c471-4c69-b3b0-b4c57f58fd3a_2016x2084.png 1272w, https://substackcdn.com/image/fetch/$s_!R0cS!,w_1456,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F666faf00-c471-4c69-b3b0-b4c57f58fd3a_2016x2084.png 1456w" sizes="100vw"><img src="https://substackcdn.com/image/fetch/$s_!R0cS!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F666faf00-c471-4c69-b3b0-b4c57f58fd3a_2016x2084.png" width="1456" height="1505" data-attrs="{&quot;src&quot;:&quot;https://substack-post-media.s3.amazonaws.com/public/images/666faf00-c471-4c69-b3b0-b4c57f58fd3a_2016x2084.png&quot;,&quot;srcNoWatermark&quot;:null,&quot;fullscreen&quot;:null,&quot;imageSize&quot;:null,&quot;height&quot;:1505,&quot;width&quot;:1456,&quot;resizeWidth&quot;:null,&quot;bytes&quot;:4788733,&quot;alt&quot;:null,&quot;title&quot;:null,&quot;type&quot;:&quot;image/png&quot;,&quot;href&quot;:null,&quot;belowTheFold&quot;:false,&quot;topImage&quot;:true,&quot;internalRedirect&quot;:&quot;https://mintnl.substack.com/i/194403540?img=https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F666faf00-c471-4c69-b3b0-b4c57f58fd3a_2016x2084.png&quot;,&quot;isProcessing&quot;:false,&quot;align&quot;:null,&quot;offset&quot;:false}" class="sizing-normal" alt="" srcset="https://substackcdn.com/image/fetch/$s_!R0cS!,w_424,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F666faf00-c471-4c69-b3b0-b4c57f58fd3a_2016x2084.png 424w, https://substackcdn.com/image/fetch/$s_!R0cS!,w_848,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F666faf00-c471-4c69-b3b0-b4c57f58fd3a_2016x2084.png 848w, https://substackcdn.com/image/fetch/$s_!R0cS!,w_1272,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F666faf00-c471-4c69-b3b0-b4c57f58fd3a_2016x2084.png 1272w, https://substackcdn.com/image/fetch/$s_!R0cS!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F666faf00-c471-4c69-b3b0-b4c57f58fd3a_2016x2084.png 1456w" sizes="100vw" fetchpriority="high"></picture><div class="image-link-expand"><div class="pencraft pc-display-flex pc-gap-8 pc-reset"><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container restack-image"><svg role="img" width="20" height="20" viewBox="0 0 20 20" fill="none" stroke-width="1.5" stroke="var(--color-fg-primary)" stroke-linecap="round" stroke-linejoin="round" xmlns="http://www.w3.org/2000/svg"><g><title></title><path d="M2.53001 7.81595C3.49179 4.73911 6.43281 2.5 9.91173 2.5C13.1684 2.5 15.9537 4.46214 17.0852 7.23684L17.6179 8.67647M17.6179 8.67647L18.5002 4.26471M17.6179 8.67647L13.6473 6.91176M17.4995 12.1841C16.5378 15.2609 13.5967 17.5 10.1178 17.5C6.86118 17.5 4.07589 15.5379 2.94432 12.7632L2.41165 11.3235M2.41165 11.3235L1.5293 15.7353M2.41165 11.3235L6.38224 13.0882"></path></g></svg></button><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container view-image"><svg xmlns="http://www.w3.org/2000/svg" width="20" height="20" viewBox="0 0 24 24" fill="none" stroke="currentColor" stroke-width="2" stroke-linecap="round" stroke-linejoin="round" class="lucide lucide-maximize2 lucide-maximize-2"><polyline points="15 3 21 3 21 9"></polyline><polyline points="9 21 3 21 3 15"></polyline><line x1="21" x2="14" y1="3" y2="10"></line><line x1="3" x2="10" y1="21" y2="14"></line></svg></button></div></div></div></a></figure></div><p>Exports to the UAE fell over 60%, while imports from major oil suppliers like Iraq and Qatar shrank steeply. The trigger? The escalating conflict in West Asia, disruptions in oil infrastructure, and the closure of critical routes such as the Strait of Hormuz.</p><p>Strip out these Gulf nations and the picture looks less grim. Is this a broader slowdown or a region-specific shock? India&#8217;s heavy reliance on West Asia, for both energy and trade, makes it highly vulnerable to geopolitical shocks. <a href="https://www.livemint.com/economy/west-asia-war-india-trade-gulf-countries-export-import-uae-saudi-arabia-qatar-iraq-11776321025491.html">Read the full report</a> by Manjul Paul.</p><div><hr></div><h2><strong>MARKET WATCH</strong></h2><p>India&#8217;s stock market edged lower today, weighed down by profit booking in heavyweights such as HDFC Bank Ltd., ICICI Bank Ltd., and Bharti Airtel Ltd. </p><p>The Sensex and Nifty 50 slipped marginally, though gains in mid- and small-cap stocks kept broader sentiment positive. Investor mood was tempered by uncertainty around US-Iran talks.</p><p>Despite the decline in equity benchmarks, overall market capitalisation rose, supported by strength in the broader market.</p><p><strong>&#128279; <a href="https://www.livemint.com/market/stock-market-news/sensex-falls-123-points-nifty-50-ends-below-24-200-key-highlights-from-the-indian-stock-market-today-11776333343823.html">Key factors that moved India&#8217;s stock market today</a></strong></p><div><hr></div><h2><strong>EARNINGS CORNER</strong></h2><div class="captioned-image-container"><figure><a class="image-link image2 is-viewable-img" target="_blank" href="https://substackcdn.com/image/fetch/$s_!7ihV!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F719a14e3-5a22-4278-a136-162492eb668c_1200x675.jpeg" data-component-name="Image2ToDOM"><div class="image2-inset"><picture><source type="image/webp" srcset="https://substackcdn.com/image/fetch/$s_!7ihV!,w_424,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F719a14e3-5a22-4278-a136-162492eb668c_1200x675.jpeg 424w, https://substackcdn.com/image/fetch/$s_!7ihV!,w_848,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F719a14e3-5a22-4278-a136-162492eb668c_1200x675.jpeg 848w, https://substackcdn.com/image/fetch/$s_!7ihV!,w_1272,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F719a14e3-5a22-4278-a136-162492eb668c_1200x675.jpeg 1272w, https://substackcdn.com/image/fetch/$s_!7ihV!,w_1456,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F719a14e3-5a22-4278-a136-162492eb668c_1200x675.jpeg 1456w" sizes="100vw"><img 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data-attrs="{&quot;src&quot;:&quot;https://substack-post-media.s3.amazonaws.com/public/images/719a14e3-5a22-4278-a136-162492eb668c_1200x675.jpeg&quot;,&quot;srcNoWatermark&quot;:null,&quot;fullscreen&quot;:null,&quot;imageSize&quot;:null,&quot;height&quot;:675,&quot;width&quot;:1200,&quot;resizeWidth&quot;:null,&quot;bytes&quot;:129301,&quot;alt&quot;:null,&quot;title&quot;:null,&quot;type&quot;:&quot;image/jpeg&quot;,&quot;href&quot;:null,&quot;belowTheFold&quot;:true,&quot;topImage&quot;:false,&quot;internalRedirect&quot;:&quot;https://mintnl.substack.com/i/194403540?img=https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F719a14e3-5a22-4278-a136-162492eb668c_1200x675.jpeg&quot;,&quot;isProcessing&quot;:false,&quot;align&quot;:null,&quot;offset&quot;:false}" class="sizing-normal" alt="" srcset="https://substackcdn.com/image/fetch/$s_!7ihV!,w_424,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F719a14e3-5a22-4278-a136-162492eb668c_1200x675.jpeg 424w, https://substackcdn.com/image/fetch/$s_!7ihV!,w_848,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F719a14e3-5a22-4278-a136-162492eb668c_1200x675.jpeg 848w, https://substackcdn.com/image/fetch/$s_!7ihV!,w_1272,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F719a14e3-5a22-4278-a136-162492eb668c_1200x675.jpeg 1272w, https://substackcdn.com/image/fetch/$s_!7ihV!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F719a14e3-5a22-4278-a136-162492eb668c_1200x675.jpeg 1456w" sizes="100vw" loading="lazy"></picture><div class="image-link-expand"><div class="pencraft pc-display-flex pc-gap-8 pc-reset"><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container restack-image"><svg role="img" width="20" height="20" viewBox="0 0 20 20" fill="none" stroke-width="1.5" stroke="var(--color-fg-primary)" stroke-linecap="round" stroke-linejoin="round" xmlns="http://www.w3.org/2000/svg"><g><title></title><path d="M2.53001 7.81595C3.49179 4.73911 6.43281 2.5 9.91173 2.5C13.1684 2.5 15.9537 4.46214 17.0852 7.23684L17.6179 8.67647M17.6179 8.67647L18.5002 4.26471M17.6179 8.67647L13.6473 6.91176M17.4995 12.1841C16.5378 15.2609 13.5967 17.5 10.1178 17.5C6.86118 17.5 4.07589 15.5379 2.94432 12.7632L2.41165 11.3235M2.41165 11.3235L1.5293 15.7353M2.41165 11.3235L6.38224 13.0882"></path></g></svg></button><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container view-image"><svg xmlns="http://www.w3.org/2000/svg" width="20" height="20" viewBox="0 0 24 24" fill="none" stroke="currentColor" stroke-width="2" stroke-linecap="round" stroke-linejoin="round" class="lucide lucide-maximize2 lucide-maximize-2"><polyline points="15 3 21 3 21 9"></polyline><polyline points="9 21 3 21 3 15"></polyline><line x1="21" x2="14" y1="3" y2="10"></line><line x1="3" x2="10" y1="21" y2="14"></line></svg></button></div></div></div></a></figure></div><div><hr></div><h2><strong>BEST OF MINT</strong></h2><ul><li><p><a href="https://www.livemint.com/market/mark-to-market/bosch-group-company-acquisition-bosch-chassis-systems-india-valuation-re-rating-braking-systems-electric-vehicles-11776332185506.html">Bosch faces a valuation question after in-house M&amp;A deal</a></p></li><li><p><a href="https://www.livemint.com/companies/news/ctrls-datacenters-weighs-300-million-india-ipo-amid-digital-infrastructure-boom-11776310276201.html">CtrlS Datacenters weighs $300 million India IPO amid AI boom</a></p></li><li><p><a href="https://www.livemint.com/industry/glp1-pcos-indian-women-fertility-weight-loss-drugs-11776252366837.html">Indian women turn to weight-loss wonder for PCOS relief</a></p></li><li><p><a href="https://www.livemint.com/companies/former-tata-trustee-mehli-mistry-wants-an-administrator-to-run-tata-trusts-noel-chandrasekaran-11776259306739.html">Mehli Mistry wants an administrator to run Tata Trusts</a></p></li></ul><h4>In tomorrow&#8217;s print edition:</h4><ul><li><p><strong>Mint Explainer:</strong> <a href="https://www.livemint.com/industry/agriculture/mint-explainer-india-s-state-wise-farm-roadmap-shift-what-means-and-will-work-11776311546216.html">The shift in India&#8217;s state-wise farm roadmap</a></p></li><li><p><strong>Mint News:</strong> <a href="https://www.livemint.com/news/centre-plans-pharmaceutical-cold-chain-storage-regulations-vaccines-biological-products-insulin-biocon-11776246109035.html">India plans revamp of cold chain storage regulations</a></p></li><li><p><strong>M2M:</strong> <a href="https://www.livemint.com/market/mark-to-market/nuvoco-vistas-q4fy26-west-asia-war-nuvoco-vistas-share-price-cement-price-india-11776323484976.html">Nuvoco Vistas turns to price hikes as cost headwinds intensify</a></p></li><li><p><strong>Mint Auto:</strong> <a href="https://www.livemint.com/auto-news/bajaj-auto-ktm-cost-cuts-tighter-governance-sports-bike-makers-sourcing-strategies-synergies-turnaround-plan-11776325055369.html">Bajaj Auto begins to fix KTM, one cost at a time </a></p></li></ul><div><hr></div><h2><strong>MINT MONEY</strong></h2><h3>A test of conviction, not a signal for exit</h3><p>Market corrections may feel unsettling, but they are often where real opportunities lie.</p><p>According to Aditya Birla Mutual Fund MD A. Balasubramanian, recent market dips are &#8220;conviction tests&#8221; for investors, not exit signals. The fund house used the March correction to deploy cash, especially in mid- and small-cap stocks where valuations turned attractive.</p><p>While SIP stoppages have risen, experts see this as a temporary reaction from newer investors, not a structural concern. The advice remains consistent: stay invested, or even increase exposure during dips to benefit from long-term compounding. <a href="https://www.livemint.com/money/why-aditya-birla-sun-life-mfs-balasubramanian-sees-10-year-bull-market-beyond-dip-11776315504452.html">Read more</a>.</p><div><hr></div><h6>Edited by Rashmi Sanyal. Produced by Tushar Deep Singh.</h6><div class="subscription-widget-wrap-editor" data-attrs="{&quot;url&quot;:&quot;https://mintnl.substack.com/subscribe?&quot;,&quot;text&quot;:&quot;Subscribe&quot;,&quot;language&quot;:&quot;en&quot;}" data-component-name="SubscribeWidgetToDOM"><div class="subscription-widget show-subscribe"><div class="preamble"><p class="cta-caption">Thanks for reading Mint Newsletters! Subscribe for free to receive new posts and support our work.</p></div><form class="subscription-widget-subscribe"><input type="email" class="email-input" name="email" placeholder="Type your email&#8230;" tabindex="-1"><input type="submit" class="button primary" value="Subscribe"><div class="fake-input-wrapper"><div class="fake-input"></div><div class="fake-button"></div></div></form></div></div>]]></content:encoded></item><item><title><![CDATA[GDP reset pushes India down to No.6]]></title><description><![CDATA[India has slipped to sixth in global GDP rankings due to statistical revisions and a weaker rupee, but is expected to regain ground by 2027.]]></description><link>https://mintnl.substack.com/p/gdp-reset-pushes-india-down-to-no6</link><guid isPermaLink="false">https://mintnl.substack.com/p/gdp-reset-pushes-india-down-to-no6</guid><dc:creator><![CDATA[Shravani Sinha]]></dc:creator><pubDate>Wed, 15 Apr 2026 13:07:03 GMT</pubDate><enclosure url="https://substack-post-media.s3.amazonaws.com/public/images/49557aad-6bb2-46e6-a167-9b387ead453f_4608x3456.jpeg" length="0" type="image/jpeg"/><content:encoded><![CDATA[<p>India has slipped in global economic rankings, but largely due to a statistical recalibration rather than a structural setback.</p><p>Latest IMF estimates show India fell to the sixth place in global GDP rankings, behind the UK, after holding the fifth position for three years. The decline reflects two key factors: a revised GDP base year that trimmed the size of the economy, and a nearly 10% depreciation in the rupee that reduced dollar-denominated estimates.</p><div class="captioned-image-container"><figure><a class="image-link image2 is-viewable-img" target="_blank" href="https://substackcdn.com/image/fetch/$s_!kka3!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F21b7c839-ac48-4d56-84ee-7eab137e348d_1220x969.png" data-component-name="Image2ToDOM"><div class="image2-inset"><picture><source type="image/webp" srcset="https://substackcdn.com/image/fetch/$s_!kka3!,w_424,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F21b7c839-ac48-4d56-84ee-7eab137e348d_1220x969.png 424w, https://substackcdn.com/image/fetch/$s_!kka3!,w_848,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F21b7c839-ac48-4d56-84ee-7eab137e348d_1220x969.png 848w, https://substackcdn.com/image/fetch/$s_!kka3!,w_1272,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F21b7c839-ac48-4d56-84ee-7eab137e348d_1220x969.png 1272w, https://substackcdn.com/image/fetch/$s_!kka3!,w_1456,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F21b7c839-ac48-4d56-84ee-7eab137e348d_1220x969.png 1456w" sizes="100vw"><img src="https://substackcdn.com/image/fetch/$s_!kka3!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F21b7c839-ac48-4d56-84ee-7eab137e348d_1220x969.png" width="1220" height="969" data-attrs="{&quot;src&quot;:&quot;https://substack-post-media.s3.amazonaws.com/public/images/21b7c839-ac48-4d56-84ee-7eab137e348d_1220x969.png&quot;,&quot;srcNoWatermark&quot;:null,&quot;fullscreen&quot;:null,&quot;imageSize&quot;:null,&quot;height&quot;:969,&quot;width&quot;:1220,&quot;resizeWidth&quot;:null,&quot;bytes&quot;:194304,&quot;alt&quot;:null,&quot;title&quot;:null,&quot;type&quot;:&quot;image/png&quot;,&quot;href&quot;:null,&quot;belowTheFold&quot;:false,&quot;topImage&quot;:true,&quot;internalRedirect&quot;:&quot;https://mintnl.substack.com/i/194290112?img=https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F7f0f863e-69ac-411b-b9e1-6a206346e587_1220x1104.png&quot;,&quot;isProcessing&quot;:false,&quot;align&quot;:null,&quot;offset&quot;:false}" class="sizing-normal" alt="" srcset="https://substackcdn.com/image/fetch/$s_!kka3!,w_424,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F21b7c839-ac48-4d56-84ee-7eab137e348d_1220x969.png 424w, https://substackcdn.com/image/fetch/$s_!kka3!,w_848,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F21b7c839-ac48-4d56-84ee-7eab137e348d_1220x969.png 848w, https://substackcdn.com/image/fetch/$s_!kka3!,w_1272,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F21b7c839-ac48-4d56-84ee-7eab137e348d_1220x969.png 1272w, https://substackcdn.com/image/fetch/$s_!kka3!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F21b7c839-ac48-4d56-84ee-7eab137e348d_1220x969.png 1456w" sizes="100vw" fetchpriority="high"></picture><div class="image-link-expand"><div class="pencraft pc-display-flex pc-gap-8 pc-reset"><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container restack-image"><svg role="img" width="20" height="20" viewBox="0 0 20 20" fill="none" stroke-width="1.5" stroke="var(--color-fg-primary)" stroke-linecap="round" stroke-linejoin="round" xmlns="http://www.w3.org/2000/svg"><g><title></title><path d="M2.53001 7.81595C3.49179 4.73911 6.43281 2.5 9.91173 2.5C13.1684 2.5 15.9537 4.46214 17.0852 7.23684L17.6179 8.67647M17.6179 8.67647L18.5002 4.26471M17.6179 8.67647L13.6473 6.91176M17.4995 12.1841C16.5378 15.2609 13.5967 17.5 10.1178 17.5C6.86118 17.5 4.07589 15.5379 2.94432 12.7632L2.41165 11.3235M2.41165 11.3235L1.5293 15.7353M2.41165 11.3235L6.38224 13.0882"></path></g></svg></button><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container view-image"><svg xmlns="http://www.w3.org/2000/svg" width="20" height="20" viewBox="0 0 24 24" fill="none" stroke="currentColor" stroke-width="2" stroke-linecap="round" stroke-linejoin="round" class="lucide lucide-maximize2 lucide-maximize-2"><polyline points="15 3 21 3 21 9"></polyline><polyline points="9 21 3 21 3 15"></polyline><line x1="21" x2="14" y1="3" y2="10"></line><line x1="3" x2="10" y1="21" y2="14"></line></svg></button></div></div></div></a></figure></div><p>Even so, the broader trajectory remains intact. India is still projected to move up to fourth place by 2027, potentially overtaking both the UK and Japan. That outlook, however, depends on sustained growth momentum and currency stability.</p><p>The shift also revives a familiar question: How much weight should global rankings carry, compared with underlying economic strength and per capita prosperity? <a href="https://www.livemint.com/economy/india-gdp-growth-imf-forecast-fy27-economic-outlook-international-monetary-fund-11776239442963.html">Read the full explainer with charts</a> by Payal Bhattacharya and Rupanjal Chauhan.</p><div><hr></div><h2><strong>MARKET WATCH</strong></h2><p>India&#8217;s stock market had its best day in a little over a month, with benchmarks S&amp;P BSE Sensex and NSE Nifty 50 rising roughly 1.5% each. That added nearly &#8377;9 trillion to investor wealth in a single session.</p><p>The rally was driven by hopes of renewed US-Iran talks, easing geopolitical tensions, and a sharp fall in crude oil prices. Positive global cues and gains across sectors, especially mid- and small-caps, further boosted sentiment. A slightly stronger rupee also supported the upward momentum in equities.</p><p><strong>&#128279; <a href="https://www.livemint.com/market/stock-market-news/sensex-jumps-1400-points-nifty-50-above-24-280-investors-earn-9-lakh-crore-key-factors-behind-market-rally-explained-11776222467241.html">Key factors that moved India&#8217;s stock market today</a></strong></p><ul><li><p>India&#8217;s <a href="https://www.livemint.com/economy/wholesale-price-index-retail-inflation-energy-prices-march-data-manufactured-products-fuel-power-rbi-repo-rate-11776223836665.html">wholesale inflation rate</a> surged to a three-year high of 3.88% in March, due to surge in prices of fuel, metals and manufactured goods.</p></li></ul><div><hr></div><h2><strong>BEST OF MINT</strong></h2><ul><li><p><a href="https://www.livemint.com/market/beyond-metros-india-bets-big-specialized-investment-funds-11776221722011.html">Beyond metros, India bets big on specialised investment funds</a></p></li><li><p><a href="https://www.livemint.com/news/ports-extend-relief-stranded-export-cargo-west-asian-conflict-lingers-11776225216845.html">Ports may extend export relief till April-end amid Iran war</a> </p></li><li><p><a href="https://www.livemint.com/market/mark-to-market/icici-pru-life-march-quarter-q4-results-ape-growth-protection-vnb-margin-retail-protection-life-insurance-11776237570337.html">ICICI Pru Life still doesn&#8217;t justify rosy outlook embedded in valuation</a></p></li><li><p><a href="https://www.livemint.com/industry/media/film-allu-arjun-cinema-exhibition-ajay-devgn-multiplex-chain-theatre-india-film-industry-11776154383365.html">Owning the screen: Why film celebrities are backing cinemas</a></p></li></ul><h4>In tomorrow&#8217;s print edition:</h4><ul><li><p><strong>Mint Explainer:</strong> <a href="https://www.livemint.com/news/india/mint-explainer-weather-and-war-twin-storms-spell-trouble-for-indian-farming-11776245796423.html">Weather &amp; War: Twin storms spell trouble for Indian farming</a></p></li><li><p><strong>Plain Facts:</strong> <a href="https://www.livemint.com/news/india/india-non-profits-ngo-funding-india-11776172719571.html">Can India&#8217;s &#8377;11 trillion non-profit economy reach those who need it most?</a></p></li><li><p><strong>Mint New Economy:</strong> <a href="https://www.livemint.com/industry/ai-in-edtech-india-personalised-learning-google-gemini-coursera-physics-wallah-education-11776155024326.html">Edtech taps AI to bring learning just the way you want it</a></p></li><li><p><strong>M2M:</strong> <a href="https://www.livemint.com/market/mark-to-market/subpar-rainfall-monsoon-dearer-crude-oil-benign-inflation-el-ni-o-agricultural-output-farmer-incomes-rural-consumption-11776233141247.html">Sub-par monsoon, dearer crude: Is benign inflation a thing of the past?</a></p></li></ul><div><hr></div><h2><strong>MINT MONEY</strong></h2><h3>Old vs New Income Tax Regime</h3><p>Just when the new income tax regime seemed to be taking over, Income Tax Rules, 2026, have brought the old regime back into contention. Enhanced exemptions, like higher HRA limits and increased allowances for education and hostel expenses, have made the old system more attractive again.</p><p>The choice now depends on your expense profile. Those with high rent, school fees, and deductions may benefit from the old regime, while others may still find the simplicity of the new regime appealing. <a href="https://www.livemint.com/money/personal-finance/tax-regime-debate-back-salary-for-this-year-income-tax-rules-2026-old-vs-new-tax-regime-11776182935907.html">Read more</a>.</p><div><hr></div><h6>Edited by Rashmi Sanyal. Produced by Tushar Deep Singh.</h6><div class="subscription-widget-wrap-editor" data-attrs="{&quot;url&quot;:&quot;https://mintnl.substack.com/subscribe?&quot;,&quot;text&quot;:&quot;Subscribe&quot;,&quot;language&quot;:&quot;en&quot;}" data-component-name="SubscribeWidgetToDOM"><div class="subscription-widget show-subscribe"><div class="preamble"><p class="cta-caption">Thanks for reading Mint Newsletters! Subscribe for free to receive new posts and support our work.</p></div><form class="subscription-widget-subscribe"><input type="email" class="email-input" name="email" placeholder="Type your email&#8230;" tabindex="-1"><input type="submit" class="button primary" value="Subscribe"><div class="fake-input-wrapper"><div class="fake-input"></div><div class="fake-button"></div></div></form></div></div>]]></content:encoded></item><item><title><![CDATA[Campus hiring shows signs of strain. Again.]]></title><description><![CDATA[Campus placement in India is turning uncertain again, with AI gains and geopolitical tensions leading to fewer offers and delays.]]></description><link>https://mintnl.substack.com/p/campus-hiring-shows-signs-of-strain</link><guid isPermaLink="false">https://mintnl.substack.com/p/campus-hiring-shows-signs-of-strain</guid><dc:creator><![CDATA[Shravani Sinha]]></dc:creator><pubDate>Tue, 14 Apr 2026 13:07:21 GMT</pubDate><enclosure url="https://substack-post-media.s3.amazonaws.com/public/images/a85e5a53-1308-4384-a5d9-d7cdd77f5a03_3872x2592.jpeg" length="0" type="image/jpeg"/><content:encoded><![CDATA[<p>The familiar anxiety of delayed job offers is creeping back onto campuses. This year, firms are quietly reworking hiring plans, some even rescinding offers, as AI boosts productivity and the Iran war clouds business visibility.</p><p>From engineering colleges to top B-schools, students are being warned about delayed onboarding and revised internship terms. The signals are telling. Fewer roles, renegotiated perks, and cautious hiring timelines. Sound familiar? It echoes the uncertainty seen during the pandemic.</p><p>But is this a full-blown slowdown or just a phase of recalibration? For now, placement cycles remain largely intact, but the mood has shifted to caution. Will AI-led efficiency and global tensions permanently reshape campus hiring? <a href="https://www.livemint.com/companies/news/campus-hiring-hit-ai-west-asia-war-rescinded-offers-delayed-onboarding-b-schools-engineering-colleges-11776143686358.html">Read the full story</a> by Pratishtha Bagai and Devina Sengupta.</p><div><hr></div><h2><strong>MARKET WATCH</strong></h2><p>India&#8217;s stock market was closed today on account of Ambedkar Jayanti.</p><div><hr></div><h2><strong>BEST OF MINT</strong></h2><ul><li><p><a href="https://www.livemint.com/market/stock-market-news/fpi-shift-it-infra-fy26-record-outflows-indian-equities-capital-goods-metals-telecom-11776137218546.html">FPI shift: Out of IT, into Infra in FY26&#8212;What&#8217;s in store for FY27?</a></p></li><li><p><a href="https://www.livemint.com/industry/energy/indias-waste-to-energy-firms-investor-radar-risks-temper-outlook-solid-waste-management-11776108882673.html">India&#8217;s waste-to-energy firms are on investor radar&#8212;but risks temper the outlook</a></p></li><li><p><a href="https://www.livemint.com/companies/india-zydus-wellness-ceo-tarun-arora-interview-stock-rally-product-launch-innovation-11776134279361.html">Ignore the noise, focus on consumers, says Zydus Wellness CEO amid stock rally</a></p></li><li><p><a href="https://www.livemint.com/companies/news/innomotics-siemens-motor-business-india-manufacturing-sector-11776082361381.html">Innomotics to deepen India play post acquisition of Siemens&#8217; motor business</a></p></li></ul><h4>In tomorrow&#8217;s print edition:</h4><ul><li><p><strong>Mint Explainer:</strong> <a href="https://www.livemint.com/industry/noida-labour-unrest-factory-workers-demand-india-automation-ai-robots-11776152304765.html">Will labour unrest accelerate automation in India?</a></p></li><li><p><strong>Plain Facts:</strong> <a href="https://www.livemint.com/news/vietnam-economic-miracle-china-plus-one-global-manufacturing-hub-11776087454965.html">How Vietnam has emerged as a China+1  beneficiary</a></p></li><li><p><strong>Mint News:</strong> <a href="https://www.livemint.com/economy/fy26-growth-to-have-little-impact-from-west-asia-war-prolonged-conflict-to-force-some-oil-price-pass-through-11776143934996.html">Indian economy can weather Iran war but crude shock looms</a></p></li><li><p><strong>M2M:</strong> <a href="https://www.livemint.com/market/mark-to-market/icici-pru-amc-outpaces-industry-growth-in-q4-headwinds-gathering-idustry-growth-11776155219623.html">Headwinds gather for ICICI Prudential AMC after Q4 earnings</a> </p></li></ul><div><hr></div><h2><strong>SNEAK A PEEK</strong></h2><p><em><a href="https://www.livemint.com/topic/long-story">Long Story</a>, a much-loved Mint feature, is published every weekday. Before the next piece hits the stands, here&#8217;s your exclusive glimpse into what&#8217;s brewing on our desk. Catch the story in the morning edition.</em></p><h4>The algorithm of a cry</h4><p>In India&#8217;s $28 billion parenting market, startups are decoding every cry and blink. From AI cribs to cry-analysing apps, data is replacing guesswork. But as algorithms enter the nursery, can technology truly replicate a parent&#8217;s instinct? <a href="https://www.livemint.com/news/the-algorithm-of-a-cry-india-baby-tech-revolution-11776162200292.html">Read more</a>.</p><div><hr></div><h2><strong>MINT MONEY</strong></h2><h3>AYUSH insurance</h3><p>India is pushing to globalise Ayurveda and other traditional systems, but insurance coverage still comes with caveats. While AYUSH treatments are covered under health policies, cashless claims are limited to recognised network hospitals, and the ecosystem is still evolving.</p><p>Crucially, only medically necessary treatments with 24-hour hospitalisation are typically eligible, but wellness therapies and outpatient care are mostly excluded.</p><p>With unclear rules around day-care procedures and strict documentation requirements, policyholders must tread carefully to avoid claim rejections. <a href="https://www.livemint.com/money/personal-finance/health-insurance-ayush-ayurveda-india-cashless-claims-insurance-regulations-irdai-reimbursement-day-care-procedure-11776099266420.html">Read more</a>.</p><div><hr></div><h6>Edited by Madhumita Sen Choudhury. Produced by Tushar Deep Singh.</h6><div class="subscription-widget-wrap-editor" data-attrs="{&quot;url&quot;:&quot;https://mintnl.substack.com/subscribe?&quot;,&quot;text&quot;:&quot;Subscribe&quot;,&quot;language&quot;:&quot;en&quot;}" data-component-name="SubscribeWidgetToDOM"><div class="subscription-widget show-subscribe"><div class="preamble"><p class="cta-caption">Thanks for reading Mint Newsletters! Subscribe for free to receive new posts and support our work.</p></div><form class="subscription-widget-subscribe"><input type="email" class="email-input" name="email" placeholder="Type your email&#8230;" tabindex="-1"><input type="submit" class="button primary" value="Subscribe"><div class="fake-input-wrapper"><div class="fake-input"></div><div class="fake-button"></div></div></form></div></div>]]></content:encoded></item><item><title><![CDATA[India’s smartphone slowdown]]></title><description><![CDATA[Growth of India&#8217;s smartphone market is slowing as rising costs and EMI fatigue push consumers to delay upgrades.]]></description><link>https://mintnl.substack.com/p/indias-smartphone-slowdown</link><guid isPermaLink="false">https://mintnl.substack.com/p/indias-smartphone-slowdown</guid><dc:creator><![CDATA[Shravani Sinha]]></dc:creator><pubDate>Mon, 13 Apr 2026 13:20:42 GMT</pubDate><enclosure url="https://substack-post-media.s3.amazonaws.com/public/images/106a6672-fbe1-44f3-83e2-3e3a105166cc_4000x2667.jpeg" length="0" type="image/jpeg"/><content:encoded><![CDATA[<p>India&#8217;s smartphone market has hit an unexpected pause, with first-quarter sales at about $7.8 billion&#8212;the weakest start to a calendar year in five years&#8212;while volumes fell nearly 12% year-on-year.</p><p>What&#8217;s changed? For years, easy EMIs kept premium phones within reach. But rising living costs&#8212;from fuel to home essentials&#8212;are forcing consumers to reassess discretionary spending. Even monthly instalments are beginning to feel heavier, pushing some buyers towards repairs or refurbished devices..</p><p>Global uncertainty and higher component costs are adding to the strain, with pressure building across the ecosystem&#8212;from handset brands to contract manufacturers.</p><p>Whether this marks a temporary slowdown or a deeper shift in consumer behaviour remains unclear. For now, companies are watching and waiting for stability in prices and sentiment. <a href="https://www.livemint.com/news/india-smartphone-sales-monthly-instalments-memory-chip-mobiles-electronics-manufacturing-consumer-sentiment-11776052829057.html">Read the full report</a> by Shouvik Das.</p><div><hr></div><h2><strong>MARKET WATCH</strong></h2><p>India&#8217;s stock market extended losses today, with the BSE Sensex and the Nifty 50 falling nearly 1% each, wiping out about &#8377;2 trillion in investor wealth.</p><p>The decline was driven by failed US-Iran talks in Islamabad, rising geopolitical tensions, and a sharp surge in crude oil prices to more than $100 per barrel.</p><p>New tariff threats by US President Donald Trump against China and weak cues from global peers further dampened sentiment. A weakening rupee added to the cautious mood.</p><p><strong>&#128279; <a href="https://www.livemint.com/market/stock-market-news/sensex-crashes-1600-points-investors-lose-9-lakh-crore-key-factors-behind-stock-market-crash-explained-11776050309966.html">Key highlights from India&#8217;s stock market today.</a></strong></p><ul><li><p>India&#8217;s <a href="https://www.livemint.com/economy/cpi-inflation-march-india-retail-inflation-food-prices-gdp-growth-west-asia-war-11776058841941.html">retail inflation</a> rose to 3.4% in March, driven by higher food and energy prices amid the Iran war, but remains below RBI&#8217;s 4% medium-term target.</p></li></ul><div><hr></div><h2><strong>BEST OF MINT</strong></h2><ul><li><p><a href="https://www.livemint.com/companies/india-inc-q4-preview-earnings-remain-fragile-margins-crack-under-cost-pressures-11776058789063.html">Q4 preview: Earnings fragile as margins crack under cost pressures</a></p></li><li><p><a href="https://www.livemint.com/market/pms-firms-seek-sebi-approval-expand-into-unlisted-ipo-anchor-deals-11776066685074.html">PMS firms seek SEBI nod to expand into unlisted, IPO anchor deals</a></p></li><li><p><a href="https://www.livemint.com/market/mark-to-market/anand-rathi-q4-fy26-earnings-anand-rathi-share-price-aum-mutual-fund-11776063922257.html">Is Anand Rathi&#8217;s FY26 growth solely market-driven?</a></p></li><li><p><a href="https://www.livemint.com/industry/media/off-key-songs-takedowns-absence-of-regulatory-framework-viral-music-11775981601922.html">Viral today, gone tomorrow: The uncertain life of music in India</a></p></li></ul><h4>In tomorrow&#8217;s print edition:</h4><ul><li><p><strong>Mint Explainer:</strong> <a href="https://www.livemint.com/industry/india-inc-climate-pledges-rise-execution-credibility-net-zero-emissions-carbon-neutrality-11776055718615.html">Why India Inc.&#8217;s climate pledges rise, but execution and credibility lag</a></p></li><li><p><strong>Plain Facts:</strong> <a href="https://www.livemint.com/economy/el-ni-o-skymet-imd-rainfall-monsoon-india-forecast-agriculture-drought-risk-climate-change-west-asia-war-11776057039431.html">Rainfall below normal? How accurate are predictions by Skymet, IMD?</a></p></li><li><p><strong>Mint News:</strong> <a href="https://www.livemint.com/economy/india-new-standards-digital-payments-biometric-authentication-qr-code-payments-digital-currency-security-global-push-11776055169444.html">India unveils new security standards for digital payments to drive global adoption</a></p></li><li><p><strong>Mint M2M:</strong> <a href="https://www.livemint.com/market/mark-to-market/realty-firms-developers-india-housing-demand-construction-costs-mumbai-nifty-realty-godrej-lodha-prestige-sobha-briga-11776067942544.html">Realty firms have cushions amid this economic shock. Can those salvage stocks?</a></p></li></ul><div><hr></div><h2><strong>SNEAK A PEEK</strong></h2><p><em><a href="https://www.livemint.com/topic/long-story">Long Story</a>, a much-loved Mint feature, is published every weekday. Before the next piece hits the stands, here&#8217;s your exclusive glimpse into what&#8217;s brewing on our desk. Catch the story in the morning edition.</em></p><h4>The unexpected second purpose of India&#8217;s financial hub</h4><p>A gleaming but barely-noticed financial district in Gujarat is quietly becoming the most convenient gateway for ordinary Indians who want a slice of the world&#8217;s biggest companies. But can it deliver?</p><div><hr></div><h2><strong>MINT MONEY</strong></h2><h3>Market dip or reset? Looking beyond the fall</h3><p>Indian equities have taken a sharp hit in early 2026, with benchmark indices down 13-15% in just three months, leaving many portfolios bruised.</p><p>But zoom out, and the story changes. Over five years, markets, especially mid- and small-caps, have delivered strong gains, meaning recent losses are more of a valuation reset than wealth destruction. This correction is largely macro-driven, with global risk-off sentiment and FPI selling leaving little room to hide. <a href="https://www.livemint.com/money/personal-finance/short-term-pain-long-term-gain-what-the-numbers-say-11776061586808.html">Read more</a>.</p><div><hr></div><h6>Edited by Rashmi Sanyal. Produced by Tushar Deep Singh.</h6><div class="subscription-widget-wrap-editor" data-attrs="{&quot;url&quot;:&quot;https://mintnl.substack.com/subscribe?&quot;,&quot;text&quot;:&quot;Subscribe&quot;,&quot;language&quot;:&quot;en&quot;}" data-component-name="SubscribeWidgetToDOM"><div class="subscription-widget show-subscribe"><div class="preamble"><p class="cta-caption">Thanks for reading Mint Newsletters! Subscribe for free to receive new posts and support our work.</p></div><form class="subscription-widget-subscribe"><input type="email" class="email-input" name="email" placeholder="Type your email&#8230;" tabindex="-1"><input type="submit" class="button primary" value="Subscribe"><div class="fake-input-wrapper"><div class="fake-input"></div><div class="fake-button"></div></div></form></div></div>]]></content:encoded></item><item><title><![CDATA[Shapoor Mistry calls for Tata Sons listing, again]]></title><description><![CDATA[Shapoor Mistry's renewed push is timely, for it comes during a week when two Tata Trusts vice chairmen broke ranks to call for Tata Sons listing.]]></description><link>https://mintnl.substack.com/p/shapoor-mistry-call-for-tata-sons</link><guid isPermaLink="false">https://mintnl.substack.com/p/shapoor-mistry-call-for-tata-sons</guid><dc:creator><![CDATA[Siddharth Sharma]]></dc:creator><pubDate>Fri, 10 Apr 2026 13:25:30 GMT</pubDate><enclosure url="https://substackcdn.com/image/fetch/$s_!Egmo!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fdd4a088e-5294-4823-9124-d55155131246_1200x674.png" length="0" type="image/jpeg"/><content:encoded><![CDATA[<p>Shapoorji Pallonji Group, the largest minority shareholder in Tata Sons Pvt. Ltd., has once again pushed for listing of the holding company of the salt-to-software conglomerate.</p><blockquote><p>&#8220;As I have stated earlier, we would like to reiterate that a timely listing of Tata Sons is not merely a regulatory compliance but a necessary evolution. One that will reinforce corporate governance, deepen transparency and accountability.&#8221; <strong>&#8212; SP Group Chairman Shapoor Mistry</strong></p></blockquote><div class="captioned-image-container"><figure><a class="image-link image2 is-viewable-img" target="_blank" href="https://substackcdn.com/image/fetch/$s_!Egmo!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fdd4a088e-5294-4823-9124-d55155131246_1200x674.png" data-component-name="Image2ToDOM"><div class="image2-inset"><picture><source type="image/webp" srcset="https://substackcdn.com/image/fetch/$s_!Egmo!,w_424,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fdd4a088e-5294-4823-9124-d55155131246_1200x674.png 424w, 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srcset="https://substackcdn.com/image/fetch/$s_!Egmo!,w_424,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fdd4a088e-5294-4823-9124-d55155131246_1200x674.png 424w, https://substackcdn.com/image/fetch/$s_!Egmo!,w_848,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fdd4a088e-5294-4823-9124-d55155131246_1200x674.png 848w, https://substackcdn.com/image/fetch/$s_!Egmo!,w_1272,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fdd4a088e-5294-4823-9124-d55155131246_1200x674.png 1272w, https://substackcdn.com/image/fetch/$s_!Egmo!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fdd4a088e-5294-4823-9124-d55155131246_1200x674.png 1456w" sizes="100vw" fetchpriority="high"></picture><div class="image-link-expand"><div class="pencraft pc-display-flex pc-gap-8 pc-reset"><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container restack-image"><svg role="img" width="20" height="20" viewBox="0 0 20 20" fill="none" stroke-width="1.5" stroke="var(--color-fg-primary)" stroke-linecap="round" stroke-linejoin="round" xmlns="http://www.w3.org/2000/svg"><g><title></title><path d="M2.53001 7.81595C3.49179 4.73911 6.43281 2.5 9.91173 2.5C13.1684 2.5 15.9537 4.46214 17.0852 7.23684L17.6179 8.67647M17.6179 8.67647L18.5002 4.26471M17.6179 8.67647L13.6473 6.91176M17.4995 12.1841C16.5378 15.2609 13.5967 17.5 10.1178 17.5C6.86118 17.5 4.07589 15.5379 2.94432 12.7632L2.41165 11.3235M2.41165 11.3235L1.5293 15.7353M2.41165 11.3235L6.38224 13.0882"></path></g></svg></button><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container view-image"><svg xmlns="http://www.w3.org/2000/svg" width="20" height="20" viewBox="0 0 24 24" fill="none" stroke="currentColor" stroke-width="2" stroke-linecap="round" stroke-linejoin="round" class="lucide lucide-maximize2 lucide-maximize-2"><polyline points="15 3 21 3 21 9"></polyline><polyline points="9 21 3 21 3 15"></polyline><line x1="21" x2="14" y1="3" y2="10"></line><line x1="3" x2="10" y1="21" y2="14"></line></svg></button></div></div></div></a><figcaption class="image-caption">SP Group Chairman Shapoor Mistry is a brother of late Cyrus Mistry, former chairman of Tata Sons.</figcaption></figure></div><p>Mistry&#8217;s renewed push is timely, for it comes during a week when two Tata Trusts vice chairmen&#8212;Venu Srinivasan and Vijay Singh&#8212;broke ranks to call for Tata Sons listing.</p><p>Tata Trusts is an umbrella of 15 philanthropic entities that together own two-thirds of Tata Sons. The SP Group holds 18.37% stake. </p><p>At the heart of the issue is regulatory pressure. Under the Reserve Bank of India&#8217;s scale-based framework for non-banking financial companies, Tata Sons was classified as an upper-layer NBFC, requiring it to list by September 2025. The company missed that deadline and has yet to present a clear case to stay private. <a href="https://www.livemint.com/companies/news/tata-sons-listing-shapoorji-pallonji-group-11775820438915.html">Read more</a>. </p><div><hr></div><h2><strong>MARKET WATCH</strong></h2><p>&#128200; <strong>Markets rebound sharply:</strong> India&#8217;s stock market rallied today, with the equity benchmarks gaining over 1% each, recovering from the previous session&#8217;s decline amid improved sentiment.</p><p>&#128176; <strong>Broad-based gains boost:</strong> The Sensex climbed 919 points (&#128314;1.20%) to 77,550.25 and the Nifty 50 rose 276 points (&#128314;1.16%) to 24,050.60. Investor wealth surged by about &#8377;6 trillion in a single session.</p><p><strong>&#128279; <a href="https://www.livemint.com/market/stock-market-news/sensex-today-stock-market-today-nifty-us-iran-ceasefire-gold-rate-today-crude-oil-price-tcs-wipro-jsw-10-april-2026-11775787232491.html">Key highlights from India&#8217;s stock market today.</a></strong></p><div><hr></div><h2><strong>BEST OF MINT</strong></h2><ul><li><p><a href="https://www.livemint.com/companies/ibc-clean-slate-amended-ibc-old-debt-claims-nclt-creditors-resolution-plans-11775797193802.html">How new IBC gives firms a fresh start, voids old debt claims</a></p></li><li><p><a href="https://www.livemint.com/market/mark-to-market/pharma-companies-march-qtr-may-be-dragged-by-us-market-even-as-india-holds-up-11775803105163.html">US sales may drag pharma firms&#8217; Q4, even as India holds up</a></p></li><li><p><a href="https://www.livemint.com/market/mark-to-market/tcs-india-tata-consultancy-services-q4-results-ai-revenue-it-sector-bfsi-slowdown-deal-wins-ebitda-margins-west-asia-war-11775799627199.html">Why TCS&#8217;s recipe for revenue revival is not inspiring confidence</a></p></li><li><p><a href="https://www.livemint.com/news/jiobp-petrol-diesel-sales-cap-50-litres-west-asia-war-fuel-rationing-petrol-pump-quota-transporters-reliance-industries-11775744842571.html">Jio-bp starts rationing diesel amid supply crunch</a></p></li></ul><h4>In tomorrow&#8217;s Lounge edition:</h4><ul><li><p><a href="https://www.livemint.com/mint-lounge/art-and-culture/the-drama-review-film-zendaya-robert-pattinson-kristoffer-borgli-11775296781710.html">&#8216;The Drama&#8217; review: Jittery comedy can&#8217;t face up to its dark secret</a></p></li><li><p><a href="https://www.livemint.com/mint-lounge/food/sabja-seeds-summer-drinks-benefits-11775196647624.html">Why you should add some &#8216;sabja&#8217; in your summer pantry</a></p></li><li><p><a href="https://www.livemint.com/mint-lounge/art-and-culture/surveillance-transgender-data-11775279319542.html">How surveillance is used as a means to monitor trans bodies and lives</a></p></li><li><p><a href="https://www.livemint.com/mint-lounge/business-of-life/artemis-ii-moon-flyby-nasa-astronauts-omega-speedmaster-11775402885687.html">The wristwatches of Artemis II astronauts</a></p></li></ul><div><hr></div><h2><strong>MINT MONEY</strong></h2><h3>Use volatility, ignore noise: Rajeev Thakkar</h3><p>PPFAS Mutual Fund&#8217;s Rajeev Thakkar used March&#8217;s market volatility to deploy cash and pick opportunities, even as investors fretted over war headlines and global uncertainty.</p><div class="captioned-image-container"><figure><a class="image-link image2 is-viewable-img" target="_blank" href="https://substackcdn.com/image/fetch/$s_!QuVi!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Ffe3b5b90-83d7-4c77-a4a3-f345f4a2c40e_1768x1326.jpeg" data-component-name="Image2ToDOM"><div class="image2-inset"><picture><source type="image/webp" srcset="https://substackcdn.com/image/fetch/$s_!QuVi!,w_424,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Ffe3b5b90-83d7-4c77-a4a3-f345f4a2c40e_1768x1326.jpeg 424w, https://substackcdn.com/image/fetch/$s_!QuVi!,w_848,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Ffe3b5b90-83d7-4c77-a4a3-f345f4a2c40e_1768x1326.jpeg 848w, https://substackcdn.com/image/fetch/$s_!QuVi!,w_1272,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Ffe3b5b90-83d7-4c77-a4a3-f345f4a2c40e_1768x1326.jpeg 1272w, https://substackcdn.com/image/fetch/$s_!QuVi!,w_1456,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Ffe3b5b90-83d7-4c77-a4a3-f345f4a2c40e_1768x1326.jpeg 1456w" sizes="100vw"><img src="https://substackcdn.com/image/fetch/$s_!QuVi!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Ffe3b5b90-83d7-4c77-a4a3-f345f4a2c40e_1768x1326.jpeg" width="1768" height="1326" data-attrs="{&quot;src&quot;:&quot;https://substack-post-media.s3.amazonaws.com/public/images/fe3b5b90-83d7-4c77-a4a3-f345f4a2c40e_1768x1326.jpeg&quot;,&quot;srcNoWatermark&quot;:null,&quot;fullscreen&quot;:null,&quot;imageSize&quot;:null,&quot;height&quot;:1326,&quot;width&quot;:1768,&quot;resizeWidth&quot;:null,&quot;bytes&quot;:560422,&quot;alt&quot;:null,&quot;title&quot;:null,&quot;type&quot;:&quot;image/jpeg&quot;,&quot;href&quot;:null,&quot;belowTheFold&quot;:true,&quot;topImage&quot;:false,&quot;internalRedirect&quot;:&quot;https://mintnl.substack.com/i/193786054?img=https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F757c42dd-f504-4696-81e5-5edca0cd6bd0_1768x2680.jpeg&quot;,&quot;isProcessing&quot;:false,&quot;align&quot;:null,&quot;offset&quot;:false}" class="sizing-normal" alt="" srcset="https://substackcdn.com/image/fetch/$s_!QuVi!,w_424,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Ffe3b5b90-83d7-4c77-a4a3-f345f4a2c40e_1768x1326.jpeg 424w, https://substackcdn.com/image/fetch/$s_!QuVi!,w_848,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Ffe3b5b90-83d7-4c77-a4a3-f345f4a2c40e_1768x1326.jpeg 848w, https://substackcdn.com/image/fetch/$s_!QuVi!,w_1272,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Ffe3b5b90-83d7-4c77-a4a3-f345f4a2c40e_1768x1326.jpeg 1272w, https://substackcdn.com/image/fetch/$s_!QuVi!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Ffe3b5b90-83d7-4c77-a4a3-f345f4a2c40e_1768x1326.jpeg 1456w" sizes="100vw" loading="lazy"></picture><div class="image-link-expand"><div class="pencraft pc-display-flex pc-gap-8 pc-reset"><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container restack-image"><svg role="img" width="20" height="20" viewBox="0 0 20 20" fill="none" stroke-width="1.5" stroke="var(--color-fg-primary)" stroke-linecap="round" stroke-linejoin="round" xmlns="http://www.w3.org/2000/svg"><g><title></title><path d="M2.53001 7.81595C3.49179 4.73911 6.43281 2.5 9.91173 2.5C13.1684 2.5 15.9537 4.46214 17.0852 7.23684L17.6179 8.67647M17.6179 8.67647L18.5002 4.26471M17.6179 8.67647L13.6473 6.91176M17.4995 12.1841C16.5378 15.2609 13.5967 17.5 10.1178 17.5C6.86118 17.5 4.07589 15.5379 2.94432 12.7632L2.41165 11.3235M2.41165 11.3235L1.5293 15.7353M2.41165 11.3235L6.38224 13.0882"></path></g></svg></button><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container view-image"><svg xmlns="http://www.w3.org/2000/svg" width="20" height="20" viewBox="0 0 24 24" fill="none" stroke="currentColor" stroke-width="2" stroke-linecap="round" stroke-linejoin="round" class="lucide lucide-maximize2 lucide-maximize-2"><polyline points="15 3 21 3 21 9"></polyline><polyline points="9 21 3 21 3 15"></polyline><line x1="21" x2="14" y1="3" y2="10"></line><line x1="3" x2="10" y1="21" y2="14"></line></svg></button></div></div></div></a><figcaption class="image-caption">Rajeev Thakkar, chief investment officer and equity fund manager, PPFAS Asset Management Co. Ltd.</figcaption></figure></div><p>In this <a href="https://www.livemint.com/money/personal-finance/rajeev-thakkar-ppfas-mutual-fund-deployed-cash-march-market-selloff-opportunities-11775720714627.html">interview</a>, he explains why geopolitical events rarely matter for long-term investing, how valuations are becoming more reasonable, and why disciplined asset allocation is key.</p><p>Thakkar also shares his take on AI&#8217;s impact on IT stocks, shifting global trends like energy transition, and why current pessimism in equities, especially in mid and smallcaps, could present opportunities for patient investors.</p><div><hr></div><h6>Edited by Lokesh Yadav. Produced by Tushar Deep Singh.</h6><div class="subscription-widget-wrap-editor" data-attrs="{&quot;url&quot;:&quot;https://mintnl.substack.com/subscribe?&quot;,&quot;text&quot;:&quot;Subscribe&quot;,&quot;language&quot;:&quot;en&quot;}" data-component-name="SubscribeWidgetToDOM"><div class="subscription-widget show-subscribe"><div class="preamble"><p class="cta-caption">Thanks for reading Mint Newsletters! Subscribe for free to receive new posts and support our work.</p></div><form class="subscription-widget-subscribe"><input type="email" class="email-input" name="email" placeholder="Type your email&#8230;" tabindex="-1"><input type="submit" class="button primary" value="Subscribe"><div class="fake-input-wrapper"><div class="fake-input"></div><div class="fake-button"></div></div></form></div></div>]]></content:encoded></item><item><title><![CDATA[Power On]]></title><description><![CDATA[India's carmakers have found a new growth lever in EVs.]]></description><link>https://mintnl.substack.com/p/power-on</link><guid isPermaLink="false">https://mintnl.substack.com/p/power-on</guid><dc:creator><![CDATA[Siddharth Sharma]]></dc:creator><pubDate>Thu, 09 Apr 2026 13:49:13 GMT</pubDate><enclosure url="https://substack-post-media.s3.amazonaws.com/public/images/a5a0a136-baac-4100-ae4d-d2a5c71ca400_948x533.png" length="0" type="image/jpeg"/><content:encoded><![CDATA[<p>EVs are punching above their weight in India&#8217;s car market. Though they account for just 4% of total passenger-vehicle sales, EVs contributed nearly one-fifth of the growth in Fiscal 2026, helping Mahindra &amp; Mahindra Ltd. and Tata Motors PV Ltd. overtake Hyundai to claim the No.2 and No.3 rankings.</p><p>EV sales surged 84%, adding over 91,000 units, with both domestic players benefiting the most due to their strong portfolios. For Mahindra and Tata, EVs drove up to 30% of incremental growth.</p><div class="captioned-image-container"><figure><a class="image-link image2 is-viewable-img" target="_blank" href="https://substackcdn.com/image/fetch/$s_!sanh!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fc6cd3e5d-791b-4326-9de9-cf0ae9261224_2376x1527.png" data-component-name="Image2ToDOM"><div class="image2-inset"><picture><source type="image/webp" srcset="https://substackcdn.com/image/fetch/$s_!sanh!,w_424,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fc6cd3e5d-791b-4326-9de9-cf0ae9261224_2376x1527.png 424w, https://substackcdn.com/image/fetch/$s_!sanh!,w_848,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fc6cd3e5d-791b-4326-9de9-cf0ae9261224_2376x1527.png 848w, https://substackcdn.com/image/fetch/$s_!sanh!,w_1272,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fc6cd3e5d-791b-4326-9de9-cf0ae9261224_2376x1527.png 1272w, https://substackcdn.com/image/fetch/$s_!sanh!,w_1456,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fc6cd3e5d-791b-4326-9de9-cf0ae9261224_2376x1527.png 1456w" sizes="100vw"><img src="https://substackcdn.com/image/fetch/$s_!sanh!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fc6cd3e5d-791b-4326-9de9-cf0ae9261224_2376x1527.png" width="1456" height="936" data-attrs="{&quot;src&quot;:&quot;https://substack-post-media.s3.amazonaws.com/public/images/c6cd3e5d-791b-4326-9de9-cf0ae9261224_2376x1527.png&quot;,&quot;srcNoWatermark&quot;:null,&quot;fullscreen&quot;:null,&quot;imageSize&quot;:null,&quot;height&quot;:936,&quot;width&quot;:1456,&quot;resizeWidth&quot;:null,&quot;bytes&quot;:136022,&quot;alt&quot;:null,&quot;title&quot;:null,&quot;type&quot;:&quot;image/png&quot;,&quot;href&quot;:null,&quot;belowTheFold&quot;:false,&quot;topImage&quot;:true,&quot;internalRedirect&quot;:&quot;https://mintnl.substack.com/i/193680449?img=https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fc6cd3e5d-791b-4326-9de9-cf0ae9261224_2376x1527.png&quot;,&quot;isProcessing&quot;:false,&quot;align&quot;:null,&quot;offset&quot;:false}" class="sizing-normal" alt="" srcset="https://substackcdn.com/image/fetch/$s_!sanh!,w_424,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fc6cd3e5d-791b-4326-9de9-cf0ae9261224_2376x1527.png 424w, https://substackcdn.com/image/fetch/$s_!sanh!,w_848,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fc6cd3e5d-791b-4326-9de9-cf0ae9261224_2376x1527.png 848w, https://substackcdn.com/image/fetch/$s_!sanh!,w_1272,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fc6cd3e5d-791b-4326-9de9-cf0ae9261224_2376x1527.png 1272w, https://substackcdn.com/image/fetch/$s_!sanh!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fc6cd3e5d-791b-4326-9de9-cf0ae9261224_2376x1527.png 1456w" sizes="100vw" fetchpriority="high"></picture><div class="image-link-expand"><div class="pencraft pc-display-flex pc-gap-8 pc-reset"><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container restack-image"><svg role="img" width="20" height="20" viewBox="0 0 20 20" fill="none" stroke-width="1.5" stroke="var(--color-fg-primary)" stroke-linecap="round" stroke-linejoin="round" xmlns="http://www.w3.org/2000/svg"><g><title></title><path d="M2.53001 7.81595C3.49179 4.73911 6.43281 2.5 9.91173 2.5C13.1684 2.5 15.9537 4.46214 17.0852 7.23684L17.6179 8.67647M17.6179 8.67647L18.5002 4.26471M17.6179 8.67647L13.6473 6.91176M17.4995 12.1841C16.5378 15.2609 13.5967 17.5 10.1178 17.5C6.86118 17.5 4.07589 15.5379 2.94432 12.7632L2.41165 11.3235M2.41165 11.3235L1.5293 15.7353M2.41165 11.3235L6.38224 13.0882"></path></g></svg></button><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container view-image"><svg xmlns="http://www.w3.org/2000/svg" width="20" height="20" viewBox="0 0 24 24" fill="none" stroke="currentColor" stroke-width="2" stroke-linecap="round" stroke-linejoin="round" class="lucide lucide-maximize2 lucide-maximize-2"><polyline points="15 3 21 3 21 9"></polyline><polyline points="9 21 3 21 3 15"></polyline><line x1="21" x2="14" y1="3" y2="10"></line><line x1="3" x2="10" y1="21" y2="14"></line></svg></button></div></div></div></a></figure></div><p>The trend highlights how EVs are becoming a key growth lever even as global momentum slows. Maruti Suzuki India Ltd. and Hyundai Motor India Ltd. have been slower to scale, but plan to ramp up. </p><p>As competition intensifies, EV strategy could increasingly decide who gains market share in India&#8217;s evolving auto landscape. <a href="https://www.livemint.com/industry/india-ev-sales-growth-global-ev-sales-decline-mahindra-ev-sales-tata-motors-ev-sales-maruti-suzuki-hyundai-motor-11775710441917.html">Read more</a>.</p><div><hr></div><h2><strong>EARNINGS WATCH</strong></h2><p><strong>TCS Q4 Results:</strong> Revenue of India&#8217;s largest IT services firm rose 5.4% over the previous three months to Rs 70,698 crore in the quarter ended 31 March 2026. In constant currency terms, it was up 1.2% sequentially. <a href="https://www.livemint.com/companies/company-results/tcs-logs-first-annual-revenue-decline-since-listing-despite-q4-recovery-net-profit-11775746150474.html">Read more</a>.</p><ul><li><p>Revenue up 5.4% QoQ at Rs 70,698 crore</p></li><li><p>EBIT up 5.8% QOQ at Rs 17,870 crore</p></li><li><p>EBIT margin up 10 bps QoQ at 25.3%</p></li><li><p>Net profit up 29% QoQ at Rs 13,718 crore</p></li></ul><div><hr></div><h2><strong>MARKET WATCH</strong></h2><p>&#128201; <strong>Markets slip on global jitters:</strong> Indian equities came under selling pressure as fading hopes of an Iran ceasefire and rising crude prices reignited inflation concerns, triggering a gap-down open and weak close.</p><p>&#128315; <strong>Investor wealth erodes:</strong> Nifty 50 dropped 222 points (&#128315;0.93%) to 23,775, while Sensex lost 931 points to end at 76,631. Bank Nifty also slid sharply, with investor wealth shrinking by over &#8377;90,000 crore in a single session.</p><p><strong>&#128279; <a href="https://www.livemint.com/market/stock-market-news/sensex-falls-700-points-nifty-50-below-23-900-why-is-the-indian-stock-market-falling-today-explained-with-five-reasons-11775709434925.html">Key highlights from India&#8217;s stock market today.</a></strong></p><div><hr></div><h2><strong>BEST OF MINT</strong></h2><ul><li><p><a href="https://www.livemint.com/money/personal-finance/us-bond-yields-foreign-capital-equity-returns-india-markets-11775707485161.html">Why US bond yields at 4.28% won&#8217;t unlock a forex wave into India</a></p></li><li><p><a href="https://www.livemint.com/companies/news/ikea-india-food-strategy-driving-growth-customer-footfall-store-experience-11775622929260.html">Food takes centre stage in Ikea India&#8217;s growth strategy</a></p></li><li><p><a href="https://www.livemint.com/market/mark-to-market/nmdcs-rally-may-be-about-more-than-iron-ore-price-hikes-11775722261204.html">NMDC&#8217;s rally may be about more than iron-ore price hikes</a></p></li><li><p><a href="https://www.livemint.com/market/mark-to-market/phoenix-mills-is-quasi-retail-play-at-lower-valuation-with-risks-from-real-estate-segment-hospitality-hotels-11775726255916.html">Phoenix Mills offers a cheaper retail proxy. Real estate in the risk</a></p></li></ul><h4>In tomorrow&#8217;s print edition:</h4><ul><li><p><strong>Mint Explainer: </strong><a href="https://www.livemint.com/technology/tech-news/anthropic-project-glasswing-ai-cybersecurity-claude-mythos-11775710292475.html">Inside Anthropic&#8217;s Project Glasswing</a></p></li><li><p><strong>Deals Corner: </strong><a href="https://www.livemint.com/companies/cycle-pure-agarbatti-acquires-satvik-spirituals-digital-push-11775715722482.html">Cycle Pure buys into Satvik for online &#8216;spiritual&#8217; play </a></p></li><li><p><strong>IPO Watch:</strong> <a href="https://www.livemint.com/companies/start-ups/nuvama-backed-ozone-overseas-ipo-rs-1500-crore-plan-11775708608148.html">Ozone Overseas to raise up to &#8377;1,500 cr via IPO</a></p></li><li><p><strong>Mint M2M:</strong> <a href="https://www.livemint.com/market/mark-to-market/nmdcs-rally-may-be-about-more-than-iron-ore-price-hikes-11775722261204.html">NMDC&#8217;s rally may be about more than iron-ore price hikes</a></p></li></ul><div><hr></div><h2><strong>SNEAK A PEEK</strong></h2><p><em><a href="https://www.livemint.com/topic/long-story">Long Story</a>, a much-loved Mint feature, is published every weekday. Before the next piece hits the stands, here&#8217;s your exclusive glimpse into what&#8217;s brewing on our desk. Catch the story in tomorrow&#8217;s print edition.</em></p><h3>The hard reset</h3><p>The ban on real-money gaming in October 2025 brought a booming industry to a halt. Six months on, the surviving companies are testing new products. Do they have viable and scalable business models? <a href="https://www.livemint.com/news/gaming-industry-rmg-ban-dream11-pivot-hangover-11775732634847.html">Read on</a>.</p><div><hr></div><h2><strong>MINT MONEY</strong></h2><h3>Investing in times of War</h3><p>Markets hate uncertainty more than war itself. Geopolitical crises often trigger sharp sell-offs as investors price in worst-case scenarios, but history shows recoveries follow once risks become clearer. For India, crude oil is the key vulnerability, shaping inflation and growth. For investors, the lesson is simple: stay disciplined, stay diversified. <a href="https://www.livemint.com/money/personal-finance/stock-market-volaitlity-equity-investments-geopolitical-crisis-west-asia-war-11775711581458.html">Read more</a>.</p><div><hr></div><h6>Edited by Zaheer Merchant. Produced by Tushar Deep Singh.</h6><div class="subscription-widget-wrap-editor" data-attrs="{&quot;url&quot;:&quot;https://mintnl.substack.com/subscribe?&quot;,&quot;text&quot;:&quot;Subscribe&quot;,&quot;language&quot;:&quot;en&quot;}" data-component-name="SubscribeWidgetToDOM"><div class="subscription-widget show-subscribe"><div class="preamble"><p class="cta-caption">Thanks for reading Mint Newsletters! Subscribe for free to receive new posts and support our work.</p></div><form class="subscription-widget-subscribe"><input type="email" class="email-input" name="email" placeholder="Type your email&#8230;" tabindex="-1"><input type="submit" class="button primary" value="Subscribe"><div class="fake-input-wrapper"><div class="fake-input"></div><div class="fake-button"></div></div></form></div></div>]]></content:encoded></item><item><title><![CDATA[RBI delivers not just a 'status quo']]></title><description><![CDATA[In turbulent waters, the RBI has chosen not to oversteer but to steady the ship and reassure the markets that it remains firmly in control.]]></description><link>https://mintnl.substack.com/p/rbi-delivers-not-just-a-status-quo</link><guid isPermaLink="false">https://mintnl.substack.com/p/rbi-delivers-not-just-a-status-quo</guid><dc:creator><![CDATA[Siddharth Sharma]]></dc:creator><pubDate>Wed, 08 Apr 2026 13:44:17 GMT</pubDate><enclosure url="https://substack-post-media.s3.amazonaws.com/public/images/d51a8a76-ebc3-4b54-8916-26346f251709_5000x3333.jpeg" length="0" type="image/jpeg"/><content:encoded><![CDATA[<p>At first glance, the Reserve Bank of India&#8217;s latest monetary policy decision will be filed under the familiar label of &#8220;status quo&#8221;. <a href="https://www.livemint.com/economy/rbi-policy-mpc-repo-rate-india-inflation-gdp-sanjay-malhotra-west-asia-war-11775556079564.html">No change in repo rate</a>, no shift in stance, no dramatic liquidity measures. Yet, to stop there would be to miss the essence of what was, in fact, a deeply active policy.</p><p>Because if the RBI did little by way of action, it did a great deal through communication. Governor Sanjay Malhotra&#8217;s commentary was a masterclass in calibrated central banking&#8212;demonstrating how, in periods of heightened uncertainty, words themselves can become a powerful policy instrument.</p><div class="captioned-image-container"><figure><a class="image-link image2 is-viewable-img" target="_blank" href="https://substackcdn.com/image/fetch/$s_!Iytb!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F17bd1041-8c63-4a35-8c05-3f9e4b0669b7_2752x1536.png" data-component-name="Image2ToDOM"><div class="image2-inset"><picture><source type="image/webp" srcset="https://substackcdn.com/image/fetch/$s_!Iytb!,w_424,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F17bd1041-8c63-4a35-8c05-3f9e4b0669b7_2752x1536.png 424w, https://substackcdn.com/image/fetch/$s_!Iytb!,w_848,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F17bd1041-8c63-4a35-8c05-3f9e4b0669b7_2752x1536.png 848w, https://substackcdn.com/image/fetch/$s_!Iytb!,w_1272,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F17bd1041-8c63-4a35-8c05-3f9e4b0669b7_2752x1536.png 1272w, https://substackcdn.com/image/fetch/$s_!Iytb!,w_1456,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F17bd1041-8c63-4a35-8c05-3f9e4b0669b7_2752x1536.png 1456w" sizes="100vw"><img src="https://substackcdn.com/image/fetch/$s_!Iytb!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F17bd1041-8c63-4a35-8c05-3f9e4b0669b7_2752x1536.png" width="1456" height="813" data-attrs="{&quot;src&quot;:&quot;https://substack-post-media.s3.amazonaws.com/public/images/17bd1041-8c63-4a35-8c05-3f9e4b0669b7_2752x1536.png&quot;,&quot;srcNoWatermark&quot;:null,&quot;fullscreen&quot;:null,&quot;imageSize&quot;:null,&quot;height&quot;:813,&quot;width&quot;:1456,&quot;resizeWidth&quot;:null,&quot;bytes&quot;:6355501,&quot;alt&quot;:null,&quot;title&quot;:null,&quot;type&quot;:&quot;image/png&quot;,&quot;href&quot;:null,&quot;belowTheFold&quot;:false,&quot;topImage&quot;:true,&quot;internalRedirect&quot;:&quot;https://mintnl.substack.com/i/193568723?img=https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F17bd1041-8c63-4a35-8c05-3f9e4b0669b7_2752x1536.png&quot;,&quot;isProcessing&quot;:false,&quot;align&quot;:null,&quot;offset&quot;:false}" class="sizing-normal" alt="" srcset="https://substackcdn.com/image/fetch/$s_!Iytb!,w_424,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F17bd1041-8c63-4a35-8c05-3f9e4b0669b7_2752x1536.png 424w, https://substackcdn.com/image/fetch/$s_!Iytb!,w_848,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F17bd1041-8c63-4a35-8c05-3f9e4b0669b7_2752x1536.png 848w, https://substackcdn.com/image/fetch/$s_!Iytb!,w_1272,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F17bd1041-8c63-4a35-8c05-3f9e4b0669b7_2752x1536.png 1272w, https://substackcdn.com/image/fetch/$s_!Iytb!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F17bd1041-8c63-4a35-8c05-3f9e4b0669b7_2752x1536.png 1456w" sizes="100vw" fetchpriority="high"></picture><div class="image-link-expand"><div class="pencraft pc-display-flex pc-gap-8 pc-reset"><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container restack-image"><svg role="img" width="20" height="20" viewBox="0 0 20 20" fill="none" stroke-width="1.5" stroke="var(--color-fg-primary)" stroke-linecap="round" stroke-linejoin="round" xmlns="http://www.w3.org/2000/svg"><g><title></title><path d="M2.53001 7.81595C3.49179 4.73911 6.43281 2.5 9.91173 2.5C13.1684 2.5 15.9537 4.46214 17.0852 7.23684L17.6179 8.67647M17.6179 8.67647L18.5002 4.26471M17.6179 8.67647L13.6473 6.91176M17.4995 12.1841C16.5378 15.2609 13.5967 17.5 10.1178 17.5C6.86118 17.5 4.07589 15.5379 2.94432 12.7632L2.41165 11.3235M2.41165 11.3235L1.5293 15.7353M2.41165 11.3235L6.38224 13.0882"></path></g></svg></button><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container view-image"><svg xmlns="http://www.w3.org/2000/svg" width="20" height="20" viewBox="0 0 24 24" fill="none" stroke="currentColor" stroke-width="2" stroke-linecap="round" stroke-linejoin="round" class="lucide lucide-maximize2 lucide-maximize-2"><polyline points="15 3 21 3 21 9"></polyline><polyline points="9 21 3 21 3 15"></polyline><line x1="21" x2="14" y1="3" y2="10"></line><line x1="3" x2="10" y1="21" y2="14"></line></svg></button></div></div></div></a></figure></div><p>The backdrop to today&#8217;s decision could hardly have been more fluid. Just hours before the policy announcement, <a href="https://www.livemint.com/news/us-and-iran-agree-to-2-week-ceasefire-as-trump-seizes-diplomatic-offramp-instead-of-escalation-11775607842565.html">a tentative ceasefire</a> between the US and Iran sent crude oil prices sharply lower.</p><p>Yet, the durability of this truce&#8212;and critically, the uninterrupted functioning of the Strait of Hormuz&#8212;still remains in question. The global economy may have stepped back from the brink, but it is unclear whether it is out of the woods yet.</p><p>Against this shifting landscape, the RBI chose patience over reaction. <a href="https://www.livemint.com/opinion/online-views/rbi-policy-analysis-governor-malhotra-communication-india-economy-future-11775642156432.html">Read on</a>.</p><div><hr></div><h2><strong>MARKET WATCH</strong></h2><p>&#128640; <strong>A blockbuster rally: </strong>India&#8217;s stock market saw massive buying today, with benchmarks jumping nearly 4% in a broad-based rally that signalled strong risk-on sentiment.</p><p>&#128202; <strong>Sensex up, VIX down: </strong>Sensex soared 2,946 points (&#128314;3.95%) to 77,562.90 and Nifty 50 jumped 874 points (&#128314;3.78%) to 23,997.35. The mid and small cap indices rallied over 4% each, while India VIX plunged over 20%.</p><p><strong>&#128279; <a href="https://www.livemint.com/market/stock-market-news/sensex-jumps-2-800-points-nifty-50-today-up-investors-earn-14-lakh-crore-5-key-factors-behind-market-rally-explained-11775615641408.html">The key highlights from India&#8217;s stock market today</a></strong></p><div><hr></div><h2><strong>BEST OF MINT</strong></h2><ul><li><p><a href="https://www.livemint.com/industry/banking/hdfc-bank-chairman-exit-rbi-statement-financial-stability-india-markets-11775645389078.html">No systemic risk, says RBI on HDFC Bank chairman&#8217;s sudden exit</a></p></li><li><p><a href="https://www.livemint.com/market/stock-market-news/demat-account-additions-drop-fy26-market-volatility-11775631850565.html">Demat growth slows as market volatility spooks retail investors</a></p></li><li><p><a href="https://www.livemint.com/technology/india-pharma-ai-anthropic-coefficient-bio-drug-discovery-sun-pharma-biocon-glenmark-11775418665231.html">Anthropic biotech bet and AI impact on Indian pharma</a></p></li><li><p><a href="https://www.livemint.com/market/mark-to-market/paint-stocks-rally-as-crude-oil-prices-ease-11775637141697.html">Paint firms get a breather, but will it suffice?</a></p></li></ul><h4>In tomorrow&#8217;s print edition:</h4><ul><li><p><strong>Plain Facts:</strong> <a href="https://www.livemint.com/economy/iran-war-oracle-job-cut-el-ni-o-oil-prices-stagflation-risks-currency-artificial-intelligence-global-economy-11775583230396.html">Iran war, Oracle layoffs, El Ni&#241;o: What&#8217;s keeping the world on edge</a></p></li><li><p><strong>Mint Auto:</strong> <a href="https://www.livemint.com/auto-news/ev-makers-urge-karnataka-to-reconsider-electric-car-tax-11775626559366.html">Electric car makers urge Karnataka to reconsider new 5-10% tax</a></p></li><li><p><strong>Mint Markets:</strong> <a href="https://www.livemint.com/companies/news/nse-ipo-preparations-begin-drhp-filing-timeline-11775633796038.html">NSE kicks off IPO process, targets June-July filing</a></p></li><li><p><strong>From India Inc:</strong> <a href="https://www.livemint.com/companies/adani-us-bribery-case-sec-india-motion-to-dismiss-11775623044106.html">Why Adani lawyers want US bribery case dismissed</a></p></li></ul><div><hr></div><h2><strong>SNEAK A PEEK</strong></h2><p><em><a href="https://www.livemint.com/topic/long-story">Long Story</a>, a much-loved Mint feature, is published every weekday. Before the next piece hits the stands, here&#8217;s your exclusive glimpse into what&#8217;s brewing on our desk. Catch the story in tomorrow&#8217;s print edition.</em></p><h4>How Kerala&#8217;s fiscal mess is looming over the ballot box</h4><p>Opposition leaders say Kerala is a &#8220;ventilator&#8221; economy&#8212;the state&#8217;s ability to raise taxes has declined while its debt has grown. Worse, its consumption could now be hit because of the war in West Asia. Can populist policies survive a dwindling treasury? <a href="https://www.livemint.com/politics/kerala-elections-2026-ldf-udf-fiscal-crisis-11775644710599.html">Read on</a>.</p><div><hr></div><h2><strong>MINT MONEY</strong></h2><h3>From &#8216;Goldilocks&#8217; to Balancing Act</h3><p>India&#8217;s &#8220;Goldilocks&#8221; phase is fading. With oil shocks, rising inflation and slower growth, the RBI now faces a tougher balancing act.</p><p>For investors, the message is reassuring. Rates may stay steady, inflation remains manageable, and growth is still solid, suggesting no need for drastic portfolio changes just yet. <a href="https://www.livemint.com/money/personal-finance/rbi-policy-goldilocks-economy-india-inflation-outlook-investors-11775634251600.html">Read more</a>.</p><div><hr></div><h6>Edited by Madhumita Sen Choudhury. Produced by Tushar Deep Singh.</h6><div class="subscription-widget-wrap-editor" data-attrs="{&quot;url&quot;:&quot;https://mintnl.substack.com/subscribe?&quot;,&quot;text&quot;:&quot;Subscribe&quot;,&quot;language&quot;:&quot;en&quot;}" data-component-name="SubscribeWidgetToDOM"><div class="subscription-widget show-subscribe"><div class="preamble"><p class="cta-caption">Thanks for reading Mint Newsletters! Subscribe for free to receive new posts and support our work.</p></div><form class="subscription-widget-subscribe"><input type="email" class="email-input" name="email" placeholder="Type your email&#8230;" tabindex="-1"><input type="submit" class="button primary" value="Subscribe"><div class="fake-input-wrapper"><div class="fake-input"></div><div class="fake-button"></div></div></form></div></div>]]></content:encoded></item><item><title><![CDATA[Everyone wants to be an AI company]]></title><description><![CDATA[The number of firms using AI in their names has risen sharply through FY26, and this is no longer limited to core tech startups.]]></description><link>https://mintnl.substack.com/p/everyone-wants-to-be-an-ai-company</link><guid isPermaLink="false">https://mintnl.substack.com/p/everyone-wants-to-be-an-ai-company</guid><dc:creator><![CDATA[Siddharth Sharma]]></dc:creator><pubDate>Tue, 07 Apr 2026 13:00:15 GMT</pubDate><enclosure url="https://substack-post-media.s3.amazonaws.com/public/images/645b319c-4240-464f-8a36-38bfa54c96c8_2816x1536.png" length="0" type="image/jpeg"/><content:encoded><![CDATA[<p>India&#8217;s formal economy is expanding rapidly, with AI increasingly emerging as a branding and business driver for India Inc.</p><p>New registrations rose 31% year-on-year in FY26 to over 247,500, with IT firms leading the charts every single month, according to government data. About 11&#8211;13 out of every 100 new companies are in technology, underlining how central the sector has become to new business creation.</p><p>But the bigger shift is AI moving into the mainstream. The number of firms using &#8220;AI&#8221; in their names has risen sharply, and that&#8217;s is no longer limited to core tech startups. Businesses across healthcare, education and consulting are now positioning themselves as AI-led, signalling how deeply the technology is embedding itself into everyday operations.</p><p>This trend reflects a broader move towards digital-first business models, where automation, data and intelligence are key differentiators from day one. While wholesale-retail trade continues to contribute significantly to new company registrations, it&#8217;s technology&#8212;especially AI&#8212;that is setting the direction of growth. <a href="https://www.livemint.com/news/it-companies-ai-focus-formalization-economy-india-new-company-registrations-wholesale-retail-trade-fy26-11775481618978.html">Read on</a>.</p><div><hr></div><h2><strong>MARKET WATCH</strong></h2><p>&#128200; <strong>On a winning streak: </strong>Indian equities rose for the fourth straight session on 7 April, showing resilience despite the ongoing US&#8211;Iran war, elevated crude prices, and continued FII selling.</p><p>&#128202; <strong>Benchmarks outperform:</strong> Sensex gained 510 points (&#128314;0.69%) to 74,616.58 and Nifty 50 rose 155 points (&#128314;0.68%) to 23,123.65, while midcaps and smallcaps lagged with marginal gains of 0.03% and 0.16%.</p><p><strong>&#128279; <a href="https://www.livemint.com/market/stock-market-news/sensex-nifty-50-rise-for-4th-consecutive-session-key-highlights-from-stock-market-11775555844035.html">The key highlights from India&#8217;s stock market today</a></strong></p><div><hr></div><h2><strong>BEST OF MINT</strong></h2><ul><li><p><a href="https://www.livemint.com/market/mark-to-market/adani-ports-stock-west-asia-conflict-cargo-volumes-11775548235407.html">How trans-shipment shielded Adani Ports from war headwinds</a></p></li><li><p><a href="https://www.livemint.com/industry/media/ai-avatars-celebrities-digital-twins-india-marketing-11775464993197.html">How AI avatars are redefining celebrity business</a></p></li><li><p><a href="https://www.livemint.com/market/mark-to-market/awl-agri-share-price-march-quarter-update-adani-group-wilmar-11775540068393.html">AWL Agri&#8217;s Q4 update suggests worst is over</a></p></li><li><p><a href="https://www.livemint.com/industry/infrastructure/vinci-macquarie-india-toll-roads-deal-infrastructure-investment-11775551772486.html">Vinci set to re-enter India with $1.7 billion Macquarie toll roads deal</a></p></li></ul><h4>In tomorrow&#8217;s print edition:</h4><ul><li><p><a href="https://www.livemint.com/industry/air-india-chief-executive-officer-search-begins-challenges-ahead-11775554486198.html">Air India begins search for a new CEO</a></p></li><li><p><a href="https://www.livemint.com/companies/news/indigo-aviation-business-problems-oil-rupee-pilot-shortage-market-share-11775475285104.html">Can IndiGo fly out of this perfect storm?</a></p></li><li><p><a href="https://www.livemint.com/industry/telecom/sim-binding-messaging-apps-digital-fraud-whatsapp-telegram-11775543797903.html">SIM-binding gets more time&#8212;but will it curb fraud?</a></p></li><li><p><a href="https://www.livemint.com/opinion/online-views/free-speech-curbs-amendments-india-internet-rules-it-rules-social-media-news-meity-11775475829353.html">India&#8217;s new proposals for IT rules need a rethink</a></p></li></ul><div><hr></div><h2><strong>SNEAK A PEEK</strong></h2><p><em><a href="https://www.livemint.com/topic/long-story">Long Story</a>, a much-loved Mint feature, is published every weekday. Before the next piece hits the stands, here&#8217;s your exclusive glimpse into what&#8217;s brewing on our desk. Catch the story in tomorrow&#8217;s print edition.</em></p><h4>In Assam&#8217;s election, welfare and infra take centre-stage</h4><p>There is much at stake both for the ruling Bharatiya Janata Party (BJP) and the main opposition Congress, as well as for the two state leaders leading these respective camps.</p><div><hr></div><h2><strong>MINT MONEY</strong></h2><h3>Why profitable MSMEs still run out of cash</h3><p>A Surat trader&#8217;s cash crunch, despite strong sales, reflects a wider problem across India&#8217;s MSME sector. From confusing revenue with cash flow to poor tax compliance and over-reliance on informal credit, many small businesses undermine their own access to finance.</p><p>As digital lending grows, financial discipline is becoming critical. The next phase of MSME growth will depend less on capital availability and more on how well entrepreneurs manage cash, records and risk. <a href="https://www.livemint.com/money/indian-msme-financial-mistakes-credit-access-solutions-business-growth-strategies-11775548201816.html">Read more</a>.</p><div><hr></div><h6>Edited by Rashmi Sanyal. Produced by Tushar Deep Singh.</h6><div class="subscription-widget-wrap-editor" data-attrs="{&quot;url&quot;:&quot;https://mintnl.substack.com/subscribe?&quot;,&quot;text&quot;:&quot;Subscribe&quot;,&quot;language&quot;:&quot;en&quot;}" data-component-name="SubscribeWidgetToDOM"><div class="subscription-widget show-subscribe"><div class="preamble"><p class="cta-caption">Thanks for reading Mint Newsletters! Subscribe for free to receive new posts and support our work.</p></div><form class="subscription-widget-subscribe"><input type="email" class="email-input" name="email" placeholder="Type your email&#8230;" tabindex="-1"><input type="submit" class="button primary" value="Subscribe"><div class="fake-input-wrapper"><div class="fake-input"></div><div class="fake-button"></div></div></form></div></div>]]></content:encoded></item><item><title><![CDATA[SC clears Adani-Jaypee deal but flags oversight]]></title><description><![CDATA[The outcome of the Adani-Jaypee deal could shape how future insolvency battles are fought in India's bankruptcy courts.]]></description><link>https://mintnl.substack.com/p/sc-clears-adani-jaypee-deal-but-flags</link><guid isPermaLink="false">https://mintnl.substack.com/p/sc-clears-adani-jaypee-deal-but-flags</guid><dc:creator><![CDATA[Siddharth Sharma]]></dc:creator><pubDate>Mon, 06 Apr 2026 13:24:42 GMT</pubDate><enclosure url="https://substackcdn.com/image/fetch/$s_!hyQH!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fedaad9c8-5709-4089-9a99-a6cb1bd85b01_3634x2725.jpeg" length="0" type="image/jpeg"/><content:encoded><![CDATA[<p>The Supreme Court has allowed Adani Enterprises Ltd. to move ahead with its &#8377;14,543-crore resolution plan for Jaiprakash Associates, rejecting Vedanta Ltd.&#8217;s plea to halt the process. But it added a safeguard, asking the monitoring committee to seek NCLAT approval before key decisions and directing a quick hearing on 10 April.</p><div class="captioned-image-container"><figure><a class="image-link image2 is-viewable-img" target="_blank" href="https://substackcdn.com/image/fetch/$s_!hyQH!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fedaad9c8-5709-4089-9a99-a6cb1bd85b01_3634x2725.jpeg" data-component-name="Image2ToDOM"><div class="image2-inset"><picture><source type="image/webp" srcset="https://substackcdn.com/image/fetch/$s_!hyQH!,w_424,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fedaad9c8-5709-4089-9a99-a6cb1bd85b01_3634x2725.jpeg 424w, https://substackcdn.com/image/fetch/$s_!hyQH!,w_848,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fedaad9c8-5709-4089-9a99-a6cb1bd85b01_3634x2725.jpeg 848w, https://substackcdn.com/image/fetch/$s_!hyQH!,w_1272,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fedaad9c8-5709-4089-9a99-a6cb1bd85b01_3634x2725.jpeg 1272w, https://substackcdn.com/image/fetch/$s_!hyQH!,w_1456,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fedaad9c8-5709-4089-9a99-a6cb1bd85b01_3634x2725.jpeg 1456w" sizes="100vw"><img src="https://substackcdn.com/image/fetch/$s_!hyQH!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fedaad9c8-5709-4089-9a99-a6cb1bd85b01_3634x2725.jpeg" width="3634" height="2725" data-attrs="{&quot;src&quot;:&quot;https://substack-post-media.s3.amazonaws.com/public/images/edaad9c8-5709-4089-9a99-a6cb1bd85b01_3634x2725.jpeg&quot;,&quot;srcNoWatermark&quot;:null,&quot;fullscreen&quot;:null,&quot;imageSize&quot;:null,&quot;height&quot;:2725,&quot;width&quot;:3634,&quot;resizeWidth&quot;:null,&quot;bytes&quot;:1353289,&quot;alt&quot;:null,&quot;title&quot;:null,&quot;type&quot;:&quot;image/jpeg&quot;,&quot;href&quot;:null,&quot;belowTheFold&quot;:false,&quot;topImage&quot;:true,&quot;internalRedirect&quot;:&quot;https://mintnl.substack.com/i/193347058?img=https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fc466f80e-9f5a-4528-93c7-8932b833334d_5461x3802.jpeg&quot;,&quot;isProcessing&quot;:false,&quot;align&quot;:null,&quot;offset&quot;:false}" class="sizing-normal" alt="" srcset="https://substackcdn.com/image/fetch/$s_!hyQH!,w_424,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fedaad9c8-5709-4089-9a99-a6cb1bd85b01_3634x2725.jpeg 424w, https://substackcdn.com/image/fetch/$s_!hyQH!,w_848,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fedaad9c8-5709-4089-9a99-a6cb1bd85b01_3634x2725.jpeg 848w, https://substackcdn.com/image/fetch/$s_!hyQH!,w_1272,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fedaad9c8-5709-4089-9a99-a6cb1bd85b01_3634x2725.jpeg 1272w, https://substackcdn.com/image/fetch/$s_!hyQH!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fedaad9c8-5709-4089-9a99-a6cb1bd85b01_3634x2725.jpeg 1456w" sizes="100vw" fetchpriority="high"></picture><div class="image-link-expand"><div class="pencraft pc-display-flex pc-gap-8 pc-reset"><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container restack-image"><svg role="img" width="20" height="20" viewBox="0 0 20 20" fill="none" stroke-width="1.5" stroke="var(--color-fg-primary)" stroke-linecap="round" stroke-linejoin="round" xmlns="http://www.w3.org/2000/svg"><g><title></title><path d="M2.53001 7.81595C3.49179 4.73911 6.43281 2.5 9.91173 2.5C13.1684 2.5 15.9537 4.46214 17.0852 7.23684L17.6179 8.67647M17.6179 8.67647L18.5002 4.26471M17.6179 8.67647L13.6473 6.91176M17.4995 12.1841C16.5378 15.2609 13.5967 17.5 10.1178 17.5C6.86118 17.5 4.07589 15.5379 2.94432 12.7632L2.41165 11.3235M2.41165 11.3235L1.5293 15.7353M2.41165 11.3235L6.38224 13.0882"></path></g></svg></button><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container view-image"><svg xmlns="http://www.w3.org/2000/svg" width="20" height="20" viewBox="0 0 24 24" fill="none" stroke="currentColor" stroke-width="2" stroke-linecap="round" stroke-linejoin="round" class="lucide lucide-maximize2 lucide-maximize-2"><polyline points="15 3 21 3 21 9"></polyline><polyline points="9 21 3 21 3 15"></polyline><line x1="21" x2="14" y1="3" y2="10"></line><line x1="3" x2="10" y1="21" y2="14"></line></svg></button></div></div></div></a><figcaption class="image-caption">Adani  Group Chairman Gautam Adani. (Reuters)</figcaption></figure></div><p>Vedanta, which bid higher, argued lenders ignored value and fairness. Creditors countered that Adani&#8217;s plan offered faster payouts and better execution. Courts have so far backed this &#8220;commercial wisdom&#8221; under insolvency law.</p><p>At stake is more than one deal. The case highlights how resolution plans are judged, balancing headline value with timelines and feasibility. With assets like land banks and cement capacity in play, the outcome could shape how future insolvency battles are fought. <a href="https://www.livemint.com/companies/news/sc-clears-way-for-adani-s-14-543-crore-jal-plan-11775455142459.html">Read more</a>.</p><div><hr></div><h2><strong>MARKET WATCH</strong></h2><p>&#128200; <strong>Markets rally for third straight session:</strong> Indian equities extended gains today, supported by easing crude oil prices, a recovering rupee, and resilient sentiment despite mixed global cues.</p><p>&#128640; <strong>Broad-based buying lifts indices:</strong> Sensex surged 787 points (&#128314;1.07%) to 74,106.85, while Nifty 50 jumped 255 points (&#128314;1.12%) to 22,968.25. Midcaps and smallcaps also advanced, gaining 1.30% and 1.10%, respectively.</p><p><strong>&#128279; <a href="https://www.livemint.com/market/stock-market-news/sensex-up-800-points-nifty-50-ends-above-22-950-investors-earn-5-lakh-crore-key-highlights-from-stock-market-today-11775469135319.html">The key highlights from India&#8217;s stock market today</a></strong></p><div><hr></div><h2><strong>BEST OF MINT</strong></h2><ul><li><p><a href="http://livemint.com/industry/india-air-passenger-traffic-growth-slows-fy26-airline-disruptions-11775445244374.html">India&#8217;s aviation growth to stay muted in FY26 amid global, local headwinds</a></p></li><li><p><a href="https://www.livemint.com/economy/india-services-pmi-march-hsbc-sp-global-slowdown-11775463969193.html">India&#8217;s service economy grows at slowest pace in 14 months amid Iran war</a></p></li><li><p><a href="https://www.livemint.com/companies/start-ups/emotorcycle-india-matter-motor-50-mn-valuation-11775450938015.html">Matter Motor eyes $50 million in fresh funding at $300 million valuation</a></p></li><li><p><a href="https://www.livemint.com/companies/news/wipro-share-price-contract-olam-group-mindsprint-it-services-india-11775447456434.html">Wipro clinches $1-billion Olam deal for agri-tech pivot</a></p></li></ul><h4>In tomorrow&#8217;s print edition:</h4><ul><li><p><a href="https://www.livemint.com/auto-news/india-auto-industry-vehicle-delivery-delays-west-asia-war-impact-11775463376325.html">Auto dealers warn of the US-Iran war-driven supply chaos ahead</a></p></li><li><p><a href="https://www.livemint.com/industry/advertising/ipl-advertising-pharma-wellness-brands-health-11775460700674.html">From soft drinks to supplements: IPL&#8217;s ad mix gets a health push</a></p></li><li><p><a href="https://www.livemint.com/industry/sebi-independent-directors-corporate-governance-hdfc-bank-11775462197451.html">SEBI plans JV with corporates to boost independent director framework</a></p></li><li><p><a href="https://www.livemint.com/industry/subway-india-growth-us-decline-qsr-industry-restaurant-market-urbanization-trends-food-delivery-11775406734184.html">How quick service restaurants are riding the India growth story</a></p></li></ul><div><hr></div><h2><strong>SNEAK A PEEK</strong></h2><p><em><a href="https://www.livemint.com/topic/long-story">Long Story</a>, a much-loved Mint feature, is published every weekday. Before the next piece hits the stands, here&#8217;s your exclusive glimpse into what&#8217;s brewing on our desk. Catch the story in tomorrow&#8217;s print edition.</em></p><h4>Has the mad rush to invest in IPOs lost momentum?</h4><p>The era of easy gains from public listings appears to be nearing its end. A year after listing, only four mainboard IPOs were trading above their issue price in 2025. <a href="https://www.livemint.com/market/ipo/markets-ipos-retail-investors-ipo-frenzy-fades-2026-analysis-11775476331148.html">Read on</a>.</p><div><hr></div><h2><strong>MINT MONEY</strong></h2><h3>How the Iran war could hit your wallet</h3><p>With the Iran war dragging on, worries around inflation, interest rates and growth are rising. In this Money Guru interview, Bank of Baroda&#8217;s Madan Sabnavis breaks down what it means for the economy, jobs and household finances, and whether recession fears are justified. <a href="https://www.livemint.com/money/west-asia-war-india-recession-risk-economic-slowdown-madan-sabnavis-household-budgets-job-market-inflation-interest-rate-11775105443794.html">Read more</a>.</p><div id="youtube2-RcMG1Dipn80" class="youtube-wrap" data-attrs="{&quot;videoId&quot;:&quot;RcMG1Dipn80&quot;,&quot;startTime&quot;:null,&quot;endTime&quot;:null}" data-component-name="Youtube2ToDOM"><div class="youtube-inner"><iframe src="https://www.youtube-nocookie.com/embed/RcMG1Dipn80?rel=0&amp;autoplay=0&amp;showinfo=0&amp;enablejsapi=0" frameborder="0" loading="lazy" gesture="media" allow="autoplay; fullscreen" allowautoplay="true" allowfullscreen="true" width="728" height="409"></iframe></div></div><div><hr></div><h6>Edited by Madhumita Sen Choudhury. Produced by Tushar Deep Singh.</h6><div class="subscription-widget-wrap-editor" data-attrs="{&quot;url&quot;:&quot;https://mintnl.substack.com/subscribe?&quot;,&quot;text&quot;:&quot;Subscribe&quot;,&quot;language&quot;:&quot;en&quot;}" data-component-name="SubscribeWidgetToDOM"><div class="subscription-widget show-subscribe"><div class="preamble"><p class="cta-caption">Thanks for reading Mint Newsletters! Subscribe for free to receive new posts and support our work.</p></div><form class="subscription-widget-subscribe"><input type="email" class="email-input" name="email" placeholder="Type your email&#8230;" tabindex="-1"><input type="submit" class="button primary" value="Subscribe"><div class="fake-input-wrapper"><div class="fake-input"></div><div class="fake-button"></div></div></form></div></div>]]></content:encoded></item><item><title><![CDATA[The market remains in a fragile balance]]></title><description><![CDATA[Every dip near 22,000 has attracted buying, hinting at a bottom. But where's the upside?]]></description><link>https://mintnl.substack.com/p/the-market-remains-in-a-fragile-balance</link><guid isPermaLink="false">https://mintnl.substack.com/p/the-market-remains-in-a-fragile-balance</guid><dc:creator><![CDATA[Shravani Sinha]]></dc:creator><pubDate>Fri, 03 Apr 2026 13:17:52 GMT</pubDate><enclosure url="https://substack-post-media.s3.amazonaws.com/public/images/00a94f6b-9216-41c8-8539-135ee5c919c6_3504x2336.jpeg" length="0" type="image/jpeg"/><content:encoded><![CDATA[<p>Has the market found its footing, or is this just a pause before the next leg down? The 22,000 mark is shaping up as a key support zone, with domestic investors stepping in aggressively and options traders reinforcing it through put writing.</p><p>After a sharp intraday recovery, analysts see scope for a near-term bounce towards 23,000&#8211;23,200. But that optimism relies on geopolitical stability. Any escalation in the ongoing conflict could quickly derail this recovery.</p><p>The recent 12% slide, triggered by surging crude and global uncertainty, has tested investor nerves. Yet, every dip near 22,000 has attracted buying, hinting at a temporary bottom. Domestic institutional investors have been the silent stabilisers, absorbing heavy FPI selling that continues as a hedge against further downside.</p><p>So, what&#8217;s next? A decisive move above 23,500 could signal stronger recovery. Until then, the market remains in a fragile balance. <a href="https://www.livemint.com/market/stock-market-news/india-nifty50-options-iran-west-asia-war-market-rebound-fpi-selling-crude-oil-prices-strait-of-hormuz-11775191004645.html">Read the full report</a> by Ram Sahgal.</p><div><hr></div><h2><strong>MARKET WATCH</strong></h2><p>India&#8217;s stock market was closed today on account of Good Friday.</p><div><hr></div><h2><strong>BEST OF MINT</strong></h2><ul><li><p><a href="https://www.livemint.com/market/sebis-fpi-netting-move-sparks-operational-worries-among-custodians-11775194387052.html">SEBI&#8217;s FPI netting move raises operational concerns for custodians</a></p></li><li><p><a href="https://www.livemint.com/industry/freeseat-mandate-suspension-airlines-jet-fuel-costs-indigo-air-india-spicejet-akasa-air-dgca-civil-aviation-ministry-11775200352458.html">Will suspending free seat selection offset airlines&#8217; fuel costs?</a></p></li><li><p><a href="https://www.livemint.com/market/mark-to-market/blackstonebacked-epl-new-growth-avenue-indovida-merger-toothpaste-tubes-rigid-packaging-revenue-synergies-11775194979350.html">Blackstone-backed EPL unlocks new growth avenue with Indovida merger</a></p></li><li><p><a href="https://www.livemint.com/market/mark-to-market/apl-apollo-s-volume-miss-should-investors-worry-11775198506054.html">APL Apollo misses volume mark. Should investors worry?</a></p></li></ul><h4>In tomorrow&#8217;s Lounge edition:</h4><ul><li><p><a href="https://www.livemint.com/mint-lounge/food/bitter-foods-ingredients-indian-cuisine-cooking-11775208575338.html">Making a case for bitter foods</a></p></li><li><p><a href="https://www.livemint.com/mint-lounge/art-and-culture/bait-review-riz-ahmed-james-bond-007-england-guz-khan-sheeba-chaddha-series-11775208041662.html">The world has had enough: James Bond goes brown in &#8216;Bait&#8217;</a></p></li><li><p><a href="https://www.livemint.com/mint-lounge/ideas/sandip-roy-column-cult-friction-one-size-cannot-fit-all-gender-identities-11775152580588.html">Sandip Roy: One size cannot fit all gender identities</a></p></li><li><p><a href="https://www.livemint.com/mint-lounge/business-of-life/apple-macbook-neo-review-budget-laptop-11775128399922.html">Apple MacBook Neo Review: A budget laptop that hits the mark</a></p></li><li><p><a href="https://www.livemint.com/mint-lounge/art-and-culture/bloodhounds-the-drama-happy-patel-khatarnak-jasoos-pompei-below-the-clouds-11775136080657.html">What to watch this week: &#8216;The Drama&#8217;, &#8216;Bloodhounds&#8217;, and more</a></p></li></ul><div><hr></div><h2><strong>MINT MONEY</strong></h2><h3>Where smart money is flowing amid Iran war</h3><p>In the current volatile market conditions, experts have already provided guidance on managing your investment portfolio. We look at another aspect today: which categories of funds are receiving inflows.</p><p>As they say, the proof of the pudding is in the eating. It is not necessary that what most people are doing is right. In this article, we look at the flow trends and discuss what is advisable. <a href="https://www.livemint.com/money/mutual-funds-smart-investors-choosing-volatile-markets-investment-strategy-11775116245447.html">Read on</a>.</p><div id="youtube2-tiJgY5uahYU" class="youtube-wrap" data-attrs="{&quot;videoId&quot;:&quot;tiJgY5uahYU&quot;,&quot;startTime&quot;:null,&quot;endTime&quot;:null}" data-component-name="Youtube2ToDOM"><div class="youtube-inner"><iframe src="https://www.youtube-nocookie.com/embed/tiJgY5uahYU?rel=0&amp;autoplay=0&amp;showinfo=0&amp;enablejsapi=0" frameborder="0" loading="lazy" gesture="media" allow="autoplay; fullscreen" allowautoplay="true" allowfullscreen="true" width="728" height="409"></iframe></div></div><div><hr></div><h6>Edited by Rashmi Sanyal. Produced by Tushar Deep Singh.</h6><div class="subscription-widget-wrap-editor" data-attrs="{&quot;url&quot;:&quot;https://mintnl.substack.com/subscribe?&quot;,&quot;text&quot;:&quot;Subscribe&quot;,&quot;language&quot;:&quot;en&quot;}" data-component-name="SubscribeWidgetToDOM"><div class="subscription-widget show-subscribe"><div class="preamble"><p class="cta-caption">Thanks for reading Mint Newsletters! Subscribe for free to receive new posts and support our work.</p></div><form class="subscription-widget-subscribe"><input type="email" class="email-input" name="email" placeholder="Type your email&#8230;" tabindex="-1"><input type="submit" class="button primary" value="Subscribe"><div class="fake-input-wrapper"><div class="fake-input"></div><div class="fake-button"></div></div></form></div></div>]]></content:encoded></item><item><title><![CDATA[Skip the flight, not the five-star experience]]></title><description><![CDATA[With geopolitical tensions rerouting Indian travellers from Europe to Goa, luxury hotels are cashing in&#8212;not with discounts but with premium packages.]]></description><link>https://mintnl.substack.com/p/skip-the-flight-not-the-five-star</link><guid isPermaLink="false">https://mintnl.substack.com/p/skip-the-flight-not-the-five-star</guid><dc:creator><![CDATA[Shravani Sinha]]></dc:creator><pubDate>Thu, 02 Apr 2026 13:20:29 GMT</pubDate><enclosure url="https://substackcdn.com/image/fetch/$s_!fqm-!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F3ad020a9-2111-4a42-aa93-a90722160e54_1280x670.png" length="0" type="image/jpeg"/><content:encoded><![CDATA[<p>Anisha and Karan Kapur had Portugal on their minds. Instead, they are headed to Goa.</p><p>The Delhi couple, like thousands of other Indians this summer, are skipping their annual overseas holiday. West Asia tensions, complicated flight routes, and a general sense of global unease have nudged India&#8217;s outbound travellers back home. And India&#8217;s hotels couldn&#8217;t be happier.</p><div class="captioned-image-container"><figure><a class="image-link image2 is-viewable-img" target="_blank" href="https://substackcdn.com/image/fetch/$s_!fqm-!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F3ad020a9-2111-4a42-aa93-a90722160e54_1280x670.png" data-component-name="Image2ToDOM"><div class="image2-inset"><picture><source type="image/webp" srcset="https://substackcdn.com/image/fetch/$s_!fqm-!,w_424,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F3ad020a9-2111-4a42-aa93-a90722160e54_1280x670.png 424w, https://substackcdn.com/image/fetch/$s_!fqm-!,w_848,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F3ad020a9-2111-4a42-aa93-a90722160e54_1280x670.png 848w, https://substackcdn.com/image/fetch/$s_!fqm-!,w_1272,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F3ad020a9-2111-4a42-aa93-a90722160e54_1280x670.png 1272w, https://substackcdn.com/image/fetch/$s_!fqm-!,w_1456,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F3ad020a9-2111-4a42-aa93-a90722160e54_1280x670.png 1456w" sizes="100vw"><img src="https://substackcdn.com/image/fetch/$s_!fqm-!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F3ad020a9-2111-4a42-aa93-a90722160e54_1280x670.png" width="1280" height="670" data-attrs="{&quot;src&quot;:&quot;https://substack-post-media.s3.amazonaws.com/public/images/3ad020a9-2111-4a42-aa93-a90722160e54_1280x670.png&quot;,&quot;srcNoWatermark&quot;:null,&quot;fullscreen&quot;:null,&quot;imageSize&quot;:null,&quot;height&quot;:670,&quot;width&quot;:1280,&quot;resizeWidth&quot;:null,&quot;bytes&quot;:133829,&quot;alt&quot;:null,&quot;title&quot;:null,&quot;type&quot;:&quot;image/png&quot;,&quot;href&quot;:null,&quot;belowTheFold&quot;:false,&quot;topImage&quot;:true,&quot;internalRedirect&quot;:&quot;https://mintnl.substack.com/i/192955286?img=https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Ff0df2c9f-c192-4e1b-8da2-08a7308fb090_1280x919.png&quot;,&quot;isProcessing&quot;:false,&quot;align&quot;:null,&quot;offset&quot;:false}" class="sizing-normal" alt="" srcset="https://substackcdn.com/image/fetch/$s_!fqm-!,w_424,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F3ad020a9-2111-4a42-aa93-a90722160e54_1280x670.png 424w, https://substackcdn.com/image/fetch/$s_!fqm-!,w_848,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F3ad020a9-2111-4a42-aa93-a90722160e54_1280x670.png 848w, https://substackcdn.com/image/fetch/$s_!fqm-!,w_1272,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F3ad020a9-2111-4a42-aa93-a90722160e54_1280x670.png 1272w, https://substackcdn.com/image/fetch/$s_!fqm-!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F3ad020a9-2111-4a42-aa93-a90722160e54_1280x670.png 1456w" sizes="100vw" fetchpriority="high"></picture><div class="image-link-expand"><div class="pencraft pc-display-flex pc-gap-8 pc-reset"><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container restack-image"><svg role="img" width="20" height="20" viewBox="0 0 20 20" fill="none" stroke-width="1.5" stroke="var(--color-fg-primary)" stroke-linecap="round" stroke-linejoin="round" xmlns="http://www.w3.org/2000/svg"><g><title></title><path d="M2.53001 7.81595C3.49179 4.73911 6.43281 2.5 9.91173 2.5C13.1684 2.5 15.9537 4.46214 17.0852 7.23684L17.6179 8.67647M17.6179 8.67647L18.5002 4.26471M17.6179 8.67647L13.6473 6.91176M17.4995 12.1841C16.5378 15.2609 13.5967 17.5 10.1178 17.5C6.86118 17.5 4.07589 15.5379 2.94432 12.7632L2.41165 11.3235M2.41165 11.3235L1.5293 15.7353M2.41165 11.3235L6.38224 13.0882"></path></g></svg></button><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container view-image"><svg xmlns="http://www.w3.org/2000/svg" width="20" height="20" viewBox="0 0 24 24" fill="none" stroke="currentColor" stroke-width="2" stroke-linecap="round" stroke-linejoin="round" class="lucide lucide-maximize2 lucide-maximize-2"><polyline points="15 3 21 3 21 9"></polyline><polyline points="9 21 3 21 3 15"></polyline><line x1="21" x2="14" y1="3" y2="10"></line><line x1="3" x2="10" y1="21" y2="14"></line></svg></button></div></div></div></a></figure></div><p>But the interesting part is, nobody&#8217;s slashing prices. The Leela is offering &#8220;stay three nights, pay for two&#8221; in Rajasthan. Oberoi&#8217;s bundling spa credits and meals. The Postcard Hotels is letting guests hopscotch across multiple properties on a single five-night itinerary.</p><p>Is this a blip, or are Indians genuinely rediscovering the luxury of travelling close to home?</p><p>The numbers suggest the latter. Hotel occupancy is projected at 72-74% this fiscal year. Average booking values are up 20-35%. Goa, Manali, Coorg, Kashmir&#8212;all are seeing a surge in high-intent, high-spend travellers.</p><p><a href="https://www.livemint.com/companies/news/us-iran-war-five-star-premium-hotels-cash-in-demand-indians-skip-foreign-holidays-summer-11775107037829.html">Read the full story</a> by Varuni Khosla.</p><div><hr></div><h2><strong>MARKET WATCH</strong></h2><p>India&#8217;s stock market rose for a second straight session today, driven by buying in banking and tech stocks ahead of the fourth-quarter earnings season. The Sensex closed 185 points higher at 73,319, while the Nifty 50 ended up 34 points at 22,713&#8212;both recovering sharply from their intraday lows.</p><p>The rupee had its <a href="https://www.livemint.com/market/stock-market-news/usd-vs-inr-indian-rupee-jumps-1-6-to-93-19-per-dollar-after-rbi-curbs-net-open-positions-11775104183674.html">best single-day jump</a> since 2013, surging 171 paise to close at 93.10 per dollar, boosting overall sentiment. This came despite headwinds from weak global cues and crude surging more than 7% to $108 per barrel amid continued uncertainty over the Strait of Hormuz.</p><p>&#128279; <strong><a href="https://www.livemint.com/market/stock-market-news/sensex-rebounds-1-800-points-from-days-low-key-highlights-from-indian-stock-market-today-11775124165238.html">Key highlights from India&#8217;s stock market today</a></strong></p><ul><li><p>India&#8217;s manufacturing growth <a href="https://www.livemint.com/economy/india-manufacturing-growth-pmi-survey-cost-pressure-hsbc-pmi-march-2026-factory-output-west-asia-war-11775108300590.html">hit a near four-year low</a> in March, as the Iran war and rising cost pressures dragged the HSBC PMI down to 53.9 from 56.9 in February.</p></li></ul><div><hr></div><h2><strong>BEST OF MINT</strong></h2><ul><li><p><a href="https://www.livemint.com/market/mark-to-market/escorts-kubota-tractor-sales-stock-outlook-11775118341283.html">Why is Escorts Kubota underperforming the booming tractor sector?</a></p></li><li><p><a href="https://www.livemint.com/market/stock-market-news/overseas-investment-limits-indian-mutual-funds-11775105680082.html">Locked out of global markets, new AMCs struggle to level the playing field</a></p></li><li><p><a href="https://www.livemint.com/market/ipo/india-ipo-market-retail-investors-enthusiasm-wanes-listing-gains-drop-11775111462299.html">India&#8217;s IPO rally loses steam in FY26&#8212;can retail bring back the heat?</a></p></li><li><p><a href="https://www.livemint.com/industry/paint-makers-shift-industrial-coatings-birla-opus-competition-11775104620215.html">Paint makers see opportunity in industrial as decorative get competitive</a></p></li></ul><h4>Get a head start on tomorrow&#8217;s Print edition:</h4><ul><li><p><strong>Mint Explainer:</strong> <a href="https://www.livemint.com/companies/start-ups/food-delivery-swiggy-zomato-zepto-swish-10-minute-delivery-india-11775118505267.html">Can this startup make 10-minute delivery finally work?</a></p></li><li><p><strong>Mint News:</strong> <a href="https://www.livemint.com/companies/west-asia-war-delays-vc-funding-india-gcc-investors-11775113446989.html">Iran war begins to stall capital flows into India-focused VCs</a></p></li><li><p><strong>M2M:</strong> <a href="https://www.livemint.com/market/mark-to-market/steel-prices-india-q4-earnings-west-asia-war-11775111358393.html">Steel producers set for strong Q4, despite an Iran war blip</a></p></li><li><p><strong>Mint Opinion:</strong> <a href="https://www.livemint.com/opinion/online-views/china-latest-five-year-plan-economic-model-debt-dilemma-beijing-debt-financial-consumption-11775044222207.html">China&#8217;s latest five-year plan has run into debt dilemma</a></p></li></ul><div><hr></div><h2><strong>SNEAK A PEEK</strong></h2><p><em><a href="https://elink.businessmint.com/vtrack?clientid=147525&amp;ul=XVBQUwUEUUtTHkZQUwJQVxMXChlKW1BECVZUcVkQB11UCkBZXB9fWkoQDFwGClBBRAwbFVhTFF5YByJRF1YMXgwWBQ4aWgxLH1M=&amp;ml=UldWUgQDU0tTHgwJA1ABSg==&amp;sl=Jx4nHmFgHmQuNklcWw9WXU8BF0RQXVRFF1oMX0VKAFteHwQ=&amp;pp=0&amp;fl=DRYQEkcJTRgUFUIXWw9OUwwKDEMXUF5bS0MKQVgHTFhcDVMVQ0VZRk8=&amp;ext=">Long Story</a>, a much-loved Mint feature, is published every weekday. Before the next piece hits the stands, here&#8217;s your exclusive glimpse into what&#8217;s brewing on our desk. Catch the story in the morning edition.</em></p><h4>Hard luggage, Soft sales</h4><p>As legacy giant VIP Industries Ltd. buckles under losses and a sinking stock, Safari and D2C luggage startups have seized the momentum. Explore how identity, e-commerce, and premium hard-shells upended India&#8217;s most iconic suitcase brand. <a href="https://www.livemint.com/companies/india-vip-safari-luggage-fight-independent-newbie-brands-11775125922709.html">Read on</a>.</p><div><hr></div><h2><strong>MINT MONEY</strong></h2><h3>The hidden trap in &#8216;Pay Just 20% Now&#8217; home schemes</h3><p>India's volatile markets and soaring gold prices are pushing homebuyers toward real estate, and developers are dangling low upfront-cost subvention schemes to reel them in.</p><p>Under the popular 20:80 scheme, buyers pay just 20% now and defer the rest until possession, but what most don't realise is that a bank loan has already been taken in their name, with interest quietly compounding in background. By the time of possession, buyers face a swollen loan liability, inflated interest rates of 10-12% versus the standard 7.75-8%, and a pile-up of development fees, amenity charges, and statutory costs that can add another 4-10% to the bill.</p><p>Experts recommend opting instead for a construction-linked payment plan with a higher upfront down payment and full EMI from day one, it's less glamorous, but far less painful. <a href="https://www.livemint.com/money/personal-finance/home-buying-payment-plans-hidden-costs-20-80-subvention-scheme-explained-11775048752427.html">Read more</a>.</p><div><hr></div><h6>Edited by Madhumita Sen Choudhury. Produced by Shad Hasnain.</h6><div class="subscription-widget-wrap-editor" data-attrs="{&quot;url&quot;:&quot;https://mintnl.substack.com/subscribe?&quot;,&quot;text&quot;:&quot;Subscribe&quot;,&quot;language&quot;:&quot;en&quot;}" data-component-name="SubscribeWidgetToDOM"><div class="subscription-widget show-subscribe"><div class="preamble"><p class="cta-caption">Thanks for reading Mint Newsletters! Subscribe for free to receive new posts and support our work.</p></div><form class="subscription-widget-subscribe"><input type="email" class="email-input" name="email" placeholder="Type your email&#8230;" tabindex="-1"><input type="submit" class="button primary" value="Subscribe"><div class="fake-input-wrapper"><div class="fake-input"></div><div class="fake-button"></div></div></form></div></div>]]></content:encoded></item><item><title><![CDATA[India cushions ATF shock for its airlines]]></title><description><![CDATA[From over 100% hike to a modest 8.5% increase. What gives?]]></description><link>https://mintnl.substack.com/p/india-cushions-atf-shock-for-its</link><guid isPermaLink="false">https://mintnl.substack.com/p/india-cushions-atf-shock-for-its</guid><dc:creator><![CDATA[Shravani Sinha]]></dc:creator><pubDate>Wed, 01 Apr 2026 13:32:00 GMT</pubDate><enclosure url="https://substack-post-media.s3.amazonaws.com/public/images/0be77517-30f0-4817-ad79-958a7dd9b821_2730x1536.png" length="0" type="image/jpeg"/><content:encoded><![CDATA[<p>In a twist, Indian Oil briefly doubled jet fuel prices, only to roll them back within hours. What changed so quickly? And why the sudden U-turn?</p><p>The initial spike, over 100%, was triggered by global turmoil, especially the blockade of the Strait of Hormuz amid escalating geopolitical tensions. But with aviation costs already stretched, the government stepped in fast. Instead of a full-blown hike, domestic airlines now face a modest ~8.5% increase in Delhi, cushioning what could have been a massive fare shock just ahead of peak summer travel.</p><div id="youtube2-pKCK-dcFS1s" class="youtube-wrap" data-attrs="{&quot;videoId&quot;:&quot;pKCK-dcFS1s&quot;,&quot;startTime&quot;:null,&quot;endTime&quot;:null}" data-component-name="Youtube2ToDOM"><div class="youtube-inner"><iframe src="https://www.youtube-nocookie.com/embed/pKCK-dcFS1s?rel=0&amp;autoplay=0&amp;showinfo=0&amp;enablejsapi=0" frameborder="0" loading="lazy" gesture="media" allow="autoplay; fullscreen" allowautoplay="true" allowfullscreen="true" width="728" height="409"></iframe></div></div><p>Still, the pressure isn&#8217;t gone. Aviation turbine fuel makes up nearly 40% of airline costs, so even a partial hike can ripple into ticket prices. Meanwhile, international routes will bear the full brunt, aligning with global fuel rates.</p><p>Add to that a &#8377;200 jump in commercial LPG prices, and the cost pressures extend beyond airlines, to restaurants, hotels, and, eventually, consumers. <a href="https://www.livemint.com/economy/india-atf-prices-commercial-lpg-prices-global-crude-flight-tickets-strait-of-hormuz-west-asia-war-inflation-11775010402370.html">Read the full report</a> by Rituraj Baruah.</p><div><hr></div><h2><strong>MARKET WATCH</strong></h2><p>Indian&#8217;s stock market rebounded strongly today, with equity benchmarks Sensex and Nifty 50 rising over 1.5% each, ending a two-day losing streak and adding &#8377;10 trillion in investor wealth.</p><p>The rally was driven by easing geopolitical tensions after signals of a possible end to the Iran war, along with strong global market cues. A falling US dollar and bond yields boosted sentiment for emerging markets like India, while recent corrections made valuations attractive.</p><p><a href="https://www.livemint.com/market/stock-market-news/sensex-jumps-1900-points-investors-earn-10-lakh-crore-5-key-factors-behind-stock-market-rally-explained-11775013397804.html">Click here to know the factors that moved the market today</a><strong><a href="https://www.livemint.com/market/stock-market-news/sensex-jumps-1900-points-investors-earn-10-lakh-crore-5-key-factors-behind-stock-market-rally-explained-11775013397804.html">.</a></strong></p><ul><li><p>India&#8217;s net <a href="https://www.livemint.com/economy/india-gst-revenue-march-crosses-rs2-trillion-11775026937609.html">GST collections</a> rose to &#8377;1.78 trillion in March, up 8.2% over the year-ago period, for the highest mop-up since April 2025. That signals resilient economic activity despite recent tax cuts.</p></li></ul><div><hr></div><h2><strong>BEST OF MINT</strong></h2><ul><li><p><a href="https://www.livemint.com/economy/india-footwear-chemical-safety-standards-manufacturers-exports-consumers-11774955301080.html">India tightens footwear rules to curb toxic chemicals, aid exports push</a></p></li><li><p><a href="https://www.livemint.com/market/mark-to-market/glenmark-share-price-semaglutide-weight-loss-drug-ryaltris-glipiq-11775035325296.html">Improved outlook, semaglutide rush may keep Glenmark in good health</a></p></li><li><p><a href="https://www.livemint.com/companies/news/dmart-500-stores-expansion-quick-commerce-blinkit-zepto-instamart-11775021000074.html">D-Mart reaches 500 stores in record expansion, bets big on physical retail</a></p></li><li><p><a href="https://www.livemint.com/companies/dominos-kfc-wow-momo-lpg-crisis-menu-changes-investor-impact-11774939848857.html">Dosa to pizza chains realise there are no easy ways out of LPG shortage</a></p></li></ul><h4>In tomorrow&#8217;s print edition:</h4><ul><li><p><strong>Mint Explainer:</strong> <a href="https://www.livemint.com/companies/ozempic-wegovy-price-cut-india-generic-semaglutide-market-competition-11775030562975.html">What the weight-loss drug frenzy means for pharma sector, and you</a></p></li><li><p><strong>Plain Facts:</strong> <a href="https://www.livemint.com/economy/urban-households-mostly-use-lpg-while-rural-households-rely-on-firewood-too-11775019928780.html">Urban households mostly use LPG, while rural households rely on firewood, too</a></p></li><li><p><strong>Mark to Market:</strong> <a href="https://www.livemint.com/market/mark-to-market/nifty-realty-index-worst-performer-2026-housing-demand-slowdown-11775029234971.html">Realty stocks investors are not feeling at home</a></p></li><li><p><strong>Mint News:</strong> <a href="https://www.livemint.com/industry/india-sez-customs-duty-concession-domestic-sales-manufacturing-export-policy-11775031238238.html">Govt grants one-year duty relief to SEZ units for domestic sales</a></p></li></ul><div><hr></div><h2><strong>SNEAK A PEEK</strong></h2><p><em><a href="https://www.livemint.com/topic/long-story">Long Story</a>, a much-loved Mint feature, is published every weekday. Before the next piece hits the stands, here&#8217;s your exclusive glimpse into what&#8217;s brewing on our desk. Catch the story in the morning edition.</em></p><h4>Life after ALTT: Can Balaji Telefilms regain its mojo?</h4><p>The company wants to become a comprehensive storytelling and content creation engine rather than just a single-format player. But it is trying to make this pivot in a very cluttered landscape.</p><div><hr></div><h2><strong>MINT MONEY</strong></h2><h3>A big, fat summer spending</h3><p>As temperatures rise, so do household expenses, often in subtle but significant ways. What begins as small comfort choices&#8212;AC use, cold drinks, or cab upgrades&#8212;quickly adds up, pushing budgets higher during summer and monsoon months.</p><p>Electricity bills can double or even triple, while added costs like cooling appliances, maintenance, water tankers, and seasonal wardrobe changes further strain finances.</p><p>Travel, summer camps, and lifestyle shifts, from mall visits to cooling diets, also inflate spending. Experts estimate household expenses can rise by 10-12% during this period, making it essential to treat these as predictable, not unexpected. <a href="https://www.livemint.com/money/personal-finance/summer-expenses-budgeting-electricity-bills-11774965802404.html">Read more</a>.</p><div><hr></div><h6>Edited by Madhumita Sen Choudhury. Produced by Tushar Deep Singh.</h6><div class="subscription-widget-wrap-editor" data-attrs="{&quot;url&quot;:&quot;https://mintnl.substack.com/subscribe?&quot;,&quot;text&quot;:&quot;Subscribe&quot;,&quot;language&quot;:&quot;en&quot;}" data-component-name="SubscribeWidgetToDOM"><div class="subscription-widget show-subscribe"><div class="preamble"><p class="cta-caption">Thanks for reading Mint Newsletters! Subscribe for free to receive new posts and support our work.</p></div><form class="subscription-widget-subscribe"><input type="email" class="email-input" name="email" placeholder="Type your email&#8230;" tabindex="-1"><input type="submit" class="button primary" value="Subscribe"><div class="fake-input-wrapper"><div class="fake-input"></div><div class="fake-button"></div></div></form></div></div>]]></content:encoded></item><item><title><![CDATA[Diesel curbs hit harvest season in India]]></title><description><![CDATA[Diesel curbs are raising fears of harvest disruptions as farmers struggle with fuel access during a critical wheat season.]]></description><link>https://mintnl.substack.com/p/diesel-curbs-hit-harvest-season-in</link><guid isPermaLink="false">https://mintnl.substack.com/p/diesel-curbs-hit-harvest-season-in</guid><dc:creator><![CDATA[Shravani Sinha]]></dc:creator><pubDate>Tue, 31 Mar 2026 13:09:48 GMT</pubDate><enclosure url="https://substack-post-media.s3.amazonaws.com/public/images/f374dec4-b76b-490b-8a9d-70e3e50e31af_4288x3809.jpeg" length="0" type="image/jpeg"/><content:encoded><![CDATA[<p>As India enters peak wheat harvest, a new concern is emerging from the fields: diesel access. Farmer groups across northern states are pushing back against strict curbs on the sale of fuel in containers, warning that the restrictions could disrupt time-sensitive harvesting operations.</p><p>For farmers, stocking diesel isn&#8217;t hoarding, it&#8217;s planning. With limited fuel stations in rural areas, they rely on stored diesel to keep tractors and harvesters running during a narrow harvest window. Multiple trips to pumps during this period aren&#8217;t just inconvenient, they risk delays, crop losses, and lower incomes.</p><p>The government maintains fuel supplies are sufficient and that restrictions are meant to prevent misuse and panic buying. On the ground, however, practicality is clashing with policy.</p><p>With agriculture accounting for a large share of India&#8217;s diesel, and wheat output expected to hit record highs, even minor disruptions could ripple across procurement and pricing. Can policy adapt to ground realities, or will farmers bear the cost of timing gone wrong?</p><p><a href="https://www.livemint.com/economy/india-farmer-unions-fears-loose-diesel-shortage-harvest-season-11774876171249.html">Read the full story</a> by Vijay C Roy and Rituraj Baruah.</p><div><hr></div><h2><strong>MARKET WATCH</strong></h2><p>India&#8217;s stock market was closed today on account of Mahavir Jayanti.</p><div><hr></div><h2><strong>BEST OF MINT</strong></h2><ul><li><p><a href="https://www.livemint.com/news/india/lpg-cylinder-shortage-college-hostel-mess-india-strait-of-hormuz-11774928508924.html">How India&#8217;s top colleges are tackling the LPG crunch</a></p></li><li><p><a href="https://www.livemint.com/industry/appliance-price-hike-summer-india-geopolitics-impact-consumers-11774930904804.html">Your new AC, fridge may cost more this season due to Iran war</a></p></li><li><p><a href="https://www.livemint.com/economy/income-tax-law-changes-2026-india-11774936579370.html">Mint Explainer: What income tax changes will kick in from 1 April?</a></p></li><li><p><a href="https://www.livemint.com/companies/people/the-72-hour-u-turn-inside-the-boardroom-drama-at-sundaram-clayton-11774877895333.html">Inside the boardroom drama at Sundaram Clayton</a></p></li></ul><h4>In tomorrow&#8217;s print edition:</h4><ul><li><p><strong>Mint News: </strong><a href="https://www.livemint.com/industry/telecom/nokia-telecom-costs-supply-chain-war-chip-shortage-price-hike-11774955608837.html">Nokia flags rising gear costs in India as Iran war hits supply</a></p></li><li><p><strong>Plain Facts: </strong><a href="https://www.livemint.com/news/india-cities-urbanization-metro-projects-pmay-municipal-governance-affordable-housing-11774897485677.html">Why Indian cities are growing, but becoming unliveable</a></p></li><li><p><strong>Mint News: </strong><a href="https://www.livemint.com/industry/full-strips-loose-tablets-chemists-pharmacies-dcgi-pharmacy-inventory-medicine-wastage-drug-disposal-antibiotics-11774932931753.html">No more full strips? India plans rule for sale of loose tablets</a></p></li><li><p><strong>Mint Premium:</strong> <a href="https://www.livemint.com/companies/persistent-systems-hexaware-firstsource-solutions-indian-mid-size-it-companies-asia-africa-growth-hotspots-11774926819661.html">Indian mid-size IT firms look at Asia, Africa for growth</a></p></li></ul><div><hr></div><h2><strong>MINT MONEY</strong></h2><h4>Airfares take off</h4><p>Airfares are surging sharply as the Iran war disrupts routes and fuels costs, with some international tickets tripling in weeks. Domestic fares are up 5-10%, while ticket prices for short-haul international routes are up 20-30%. </p><p>The spike is driven by higher jet fuel prices, rerouted flights, and reduced frequencies, costs that airlines are passing on via surcharges. With fare caps lifted, prices are now fully market-driven, adding to volatility. <a href="https://www.livemint.com/money/personal-finance/west-asia-war-impact-airfares-india-fuel-surcharge-11774928063104.html">Read more</a>.</p><div><hr></div><h6>Edited by Madhumita Sen Choudhury. Produced by Tushar Deep Singh.</h6><div class="subscription-widget-wrap-editor" data-attrs="{&quot;url&quot;:&quot;https://mintnl.substack.com/subscribe?&quot;,&quot;text&quot;:&quot;Subscribe&quot;,&quot;language&quot;:&quot;en&quot;}" data-component-name="SubscribeWidgetToDOM"><div class="subscription-widget show-subscribe"><div class="preamble"><p class="cta-caption">Thanks for reading Mint Newsletters! Subscribe for free to receive new posts and support our work.</p></div><form class="subscription-widget-subscribe"><input type="email" class="email-input" name="email" placeholder="Type your email&#8230;" tabindex="-1"><input type="submit" class="button primary" value="Subscribe"><div class="fake-input-wrapper"><div class="fake-input"></div><div class="fake-button"></div></div></form></div></div>]]></content:encoded></item><item><title><![CDATA[Now Iran war threatens Internet in India]]></title><description><![CDATA[India&#8217;s internet won&#8217;t shut down, but West Asia risks could slow speed significantly as critical undersea cables face disruption.]]></description><link>https://mintnl.substack.com/p/now-iran-war-threatens-internet-in</link><guid isPermaLink="false">https://mintnl.substack.com/p/now-iran-war-threatens-internet-in</guid><dc:creator><![CDATA[Shravani Sinha]]></dc:creator><pubDate>Mon, 30 Mar 2026 13:07:35 GMT</pubDate><enclosure url="https://substack-post-media.s3.amazonaws.com/public/images/52b6e269-24cb-4c65-b7ff-cd3fac177c4f_1024x559.png" length="0" type="image/jpeg"/><content:encoded><![CDATA[<p>We rarely think about what powers our internet, but a large part of it runs through fragile cables deep under the sea. And right now, many of those cables in West Asia sit dangerously close to a conflict zone.</p><p>Nearly 60% of India&#8217;s internet traffic passes through this region, making it more exposed than we might imagine. The good news? A complete blackout is unlikely. The internet is designed like a network of roads, if one route is blocked, traffic can be diverted.</p><p>But when data is rerouted, it crowds alternative paths. That&#8217;s when you may notice slower speeds, buffering videos, delayed uploads, or lag in work systems. For businesses, especially global teams, even small delays can add up.</p><p>The bigger concern is time. Fixing subsea cables isn&#8217;t easy&#8212;it can take weeks, and ongoing conflict makes repairs even harder. So, will the internet stop?&#8212;it&#8217;s &#8220;how slow can it get if disruptions persist?&#8221; <a href="https://www.livemint.com/technology/tech-news/west-asia-subsea-cable-threats-india-internet-iran-war-11774845493250.html">Read the full report</a> by Jatin Grover.</p><div><hr></div><h2><strong>MARKET WATCH</strong></h2><p>India&#8217;s stock market plunged for the second straight session, with Sensex and Nifty falling over 2%, wiping out &#8377;18 trillion in investor wealth. The selloff was driven by escalating US-Iran tensions, pushing crude above $115, and a spike in volatility (VIX at 28). Heavy FPI outflows and a record-low rupee added to the pressure. F&amp;O expiry-led volatility further intensified the market decline.</p><p><a href="https://www.livemint.com/market/stock-market-news/sensex-plunges-1-200-points-investors-lose-5-lakh-crore-5-key-factors-behind-stock-market-crash-explained-11774841157511.html">Click here to know the factors that moved the market today</a><strong><a href="https://www.livemint.com/market/stock-market-news/sensex-plunges-1-200-points-investors-lose-5-lakh-crore-5-key-factors-behind-stock-market-crash-explained-11774841157511.html">.</a></strong></p><p>Meanwhile, <a href="https://www.livemint.com/economy/india-industrial-production-iip-data-february-factory-output-11774853989643.html">India&#8217;s industrial production grew 5.2% in February</a>, driven mainly by strong manufacturing expansion and broad-based sectoral growth.</p><div><hr></div><h2><strong>BEST OF MINT</strong></h2><ul><li><p><a href="https://www.livemint.com/market/mark-to-market/kalpataru-projects-west-asia-war-q4-impact-11774856406139.html">Kalpataru Projects warns of adverse war impact in Q4</a></p></li><li><p><a href="https://www.livemint.com/market/stock-market-news/smallcaps-investing-india-high-returns-high-risks-11774846421302.html">Why must investors look beyond the bottom-fishing in smallcaps?</a></p></li><li><p><a href="https://www.livemint.com/industry/india-outbound-travel-market-global-hotel-alliance-strategy-11774843435505.html">Iran war may hit summer travel, but &#8216;India remains hospitality&#8217;s biggest long-term prize&#8217;</a></p></li><li><p><a href="https://www.livemint.com/industry/media/golden-age-bollywood-songs-enter-public-domain-copyright-11774774208847.html">Classic Bollywood songs set to enter public domain as copyright clocks run out</a></p></li></ul><h4>In tomorrow&#8217;s print edition:</h4><ul><li><p><strong>Plain Facts:</strong> <a href="https://www.livemint.com/market/rupee-worst-year-since-2013-rbi-intervention-11774851881631.html">Rupee&#8217;s worst performance since 2013 taper tantrum: How worrying is the decline?</a></p></li><li><p><strong>Mint News:</strong> <a href="https://www.livemint.com/companies/news/vedanta-escalates-jal-battle-to-supreme-court-challenges-adani-s-14-543-crore-takeover-11774852435605.html">Vedanta escalates JAL battle to Supreme Court, challenges Adani&#8217;s &#8377;14,543 crore takeover</a></p></li><li><p><strong>Mark to Market:</strong> <a href="https://www.livemint.com/market/mark-to-market/india-fuel-duty-cut-omc-financial-impact-upstream-winners-11774862546210.html">How do excise cuts change India&#8217;s oil sector math?</a></p></li><li><p><strong>Mint Explainer:</strong> <a href="https://www.livemint.com/industry/india-tuberculosis-elimination-drive-ai-screening-tb-cases-11774848172099.html">India&#8217;s AI-powered war on Tuberculosis</a></p></li></ul><div><hr></div><h2><strong>SNEAK A PEEK</strong></h2><p><em><a href="https://www.livemint.com/topic/long-story">Long Story</a>, a much-loved Mint feature, is published every weekday. Before the next piece hits the stands, here&#8217;s your exclusive glimpse into what&#8217;s brewing on our desk. Catch the story in the morning edition.</em></p><h4>Death of the junior developer</h4><p>AI is transforming entry-level software roles by automating routine tasks, compelling students to develop new skills to become employable.</p><div><hr></div><h2><strong>MINT MONEY</strong></h2><h4>The hidden cost of caring for parents</h4><p>Caregiving often arrives unplanned, but its financial impact can be massive. Many families spend &#8377;25,000&#8211;40,000 monthly on caregivers, alongside &#8377;20,000+ on medical costs, straining budgets.</p><p>Beyond money, it also affects careers, time, and emotional well-being, costs rarely factored into financial plans. Insurance offers limited relief, mostly covering hospitalisation, not long-term home care.</p><p>The key takeaway is to plan early, build a buffer, and treat caregiving as an essential, not optional financial goal. <a href="https://www.livemint.com/money/unplanned-expense-50s-financial-planning-ageing-parents-medical-expenses-geriatric-care-caregiving-11774855659088.html">Read more</a>.</p><div><hr></div><h6>Edited by Madhumita Sen Choudhury. Produced by Tushar Deep Singh.</h6><div class="subscription-widget-wrap-editor" data-attrs="{&quot;url&quot;:&quot;https://mintnl.substack.com/subscribe?&quot;,&quot;text&quot;:&quot;Subscribe&quot;,&quot;language&quot;:&quot;en&quot;}" data-component-name="SubscribeWidgetToDOM"><div class="subscription-widget show-subscribe"><div class="preamble"><p class="cta-caption">Thanks for reading Mint Newsletters! Subscribe for free to receive new posts and support our work.</p></div><form class="subscription-widget-subscribe"><input type="email" class="email-input" name="email" placeholder="Type your email&#8230;" tabindex="-1"><input type="submit" class="button primary" value="Subscribe"><div class="fake-input-wrapper"><div class="fake-input"></div><div class="fake-button"></div></div></form></div></div>]]></content:encoded></item></channel></rss>