Latest news with #TheMint
Mint
7 days ago
- Business
- Mint
India-US trade deal: 4 implications for Indian stock market from Trump's 25% tariff salvo
India, driven by the principle of Vasudhaiva Kutumbakam—'The world is one family'—aims to strike mutually beneficial agreements, including with the United States. Rooted in ancient Indian philosophy and often referenced by PM Modi, the phrase reflects India's commitment to global unity and shared responsibility. However, this ethos is being tested by the ongoing tariff dispute with the U.S., particularly concerning agricultural access. As noted in our July 11 article in The Mint titled 'What Tariff?! The $100 Billion Question,' the core issue lies in protecting India's vulnerable small-scale farmers. Unlike U.S. agribusinesses, Indian farmers lack subsidies and scale, and over 60% of the population still depends on agriculture. Opening the market to heavily subsidised U.S. products could be economically damaging. Cultural factors also play a role—many U.S. dairy products contain animal fats, which conflict with dietary norms in largely vegetarian India. Simply put, caving on these fronts would be economic and cultural 'hara-kiri.' The newly imposed 25% U.S. tariffs on Indian exports (starting August 1) are projected to trim India's GDP growth from 6.5% to around 6.25%—a 2.5% to 3% drag. While this will impact sectors like textiles, pharma, electronics, agri-products, and machinery, the broader effect is limited. Only 2% of Corporate India's earnings are at risk, as 85% of the economy remains domestically driven. India is actively pursuing alternate trade avenues, including deals with the UK and EU, to offset potential export losses to the U.S. India's longstanding defense relationship with Russia—still its top arms supplier—remains a sticking point for Washington, which would prefer India buy American weapons. Yet India continues to follow a multi-aligned strategy rooted in sovereign interest. U.S. Tariff Details: 25% tariffs affect ~$87B of Indian goods exports (approx. 20% of total exports and 2.5% of GDP), particularly in key manufacturing and agri sectors. Offsetting Factors: INR depreciation could help mitigate the impact by boosting competitiveness. Global Effects: Higher tariffs and a narrowing U.S. trade deficit may slow global growth, adding deflationary pressure unless surplus countries like China and Germany raise domestic demand. Capital Flows: Higher tariffs may trigger FII outflows, adding volatility amid already weak domestic demand. Policy Watch: The RBI may need to consider monetary easing to counterbalance the external drag. Sectoral Impact: Pharma, auto ancillaries, cables, and industrials face direct pressure; SMID caps and domestic cyclicals could be hit harder due to capital flight. Potential Bright Spot: IT may benefit from sustained INR weakness, aided by low valuations—but sentiment remains key. India remains firm in defending its economic and cultural interests, even as it seeks equitable trade partnerships. In the near term, markets are likely to remain volatile. A cautious investment stance is advised. (The author is CIO-Equities, LGT Wealth) Disclaimer: This story is for educational purposes only. The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.
&w=3840&q=100)
Business Standard
01-08-2025
- Business Standard
Vivo V60 5G to launch in India on August 12: Check expected specs and more
Chinese smartphone brand Vivo has confirmed the launch of the V60 5G smartphone in India on August 12. The company has also revealed some key specifications of the smartphone including processor details, colour options, and more. Additionally, the smartphone will feature a camera system co-engineered with the German optics brand Zeiss. Vivo V60 5G smartphone will be the successor to the Vivo V50, which made its debut in India in February 2025. Vivo V60 5G: What to expect Vivo has confirmed that the V60 smartphone will be powered by the Qualcomm Snapdragon 7 Gen 4 chipset. The smartphone is likely to include LPDDR5X RAM and UFS 2.2 storage. Vivo V60 5G will be available in India in three colour variants: Mist Gray, Moonlit Blue, and Auspicious Gold. The company has revealed the design of the smartphone, which now appears to be inspired by the design of the recently launched Vivo X200 FE smartphone. The Vivo V60 features a similar-looking pill-shaped rear camera module. The smartphone also features Vivo's signature Aura Light system. As for the cameras, Vivo has confirmed that the smartphone will get a 50MP telephoto lens with optical image stabilisation (OIS) and 10x zoom support. Besides, the smartphone is expected to sport a 50MP (Sony IMX766) primary sensor and an 8MP ultra-wide lens. According to a report by The Mint, the phone will feature a 6.67-inch AMOLED quad-curved display of 1.5K resolution and 120Hz refresh rate. It will likely offer a peak brightness of 1,600 nits in High Brightness Mode (HBM). The V60 5G is confirmed to ship with Android 15-based FuntouchOS 15 and will support Google Gemini features, including Gemini Live. Other AI tools will include AI Captions and AI Smart Call Assistant. Vivo V60 5G: Expected specifications Display: 6.67-inch AMOLED,1.5K resolution, 120Hz refresh rate, HDR+ support,1600 nits of peak brightness Processor: Qualcomm Snapdragon 7 Gen 4 chipset Rear camera: 50MP primary (OIS) + 8MP ultrawide + 50MP telephoto (OIS) Front camera: 50MP Battery: 6500mAh Charging: 90W wired OS: FunTouchOS 15 based on Android 15 Protection: IP68/69
Time of India
19-06-2025
- General
- Time of India
Watch: This ₹20 mangalsutra story of an elderly couple is going viral for all the right reasons
In a time when social media is filled with expensive gifts and grand gestures, a simple and emotional moment from Maharashtra has touched millions. A 93-year-old man, on a pilgrimage with his wife, walked into a jewellery shop– not to ask for help, but to buy a mangalsutra with his savings. What happened next was a rare act of kindness that moved even the shopkeeper. Nivrutti Shinde and his wife Shantabai, both in their 90s, were on their way to Pandharpur for the Ashadhi Ekadashi festival. As per online media reports, the couple from Ambhora Jahagir village in Jalna district have been walking this pilgrimage together for many years, known for their strong faith and close bond. During their journey, the couple stopped at a jewellery shop. Nivrutti, dressed in simple clothes, had ₹1,120 with him– money he had saved to buy a mangalsutra for his wife. It wasn't about buying something expensive, but about showing his love and respect. At first, the shop staff thought the elderly couple had come for help, as many pilgrims do. But when Nivrutti explained why they were there, everything changed. Moved by their honesty and love, the shopkeeper refused to take the full amount. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like 왜 피부과 의사들은 장 건강부터 보라고 할까? 가꾸기 더 보기 Undo As quoted by The Mint, the shopkeeper said, 'The couple entered the shop and the man gave me ₹1,120, saying he wanted to buy a mangalsutra for his wife. I was overwhelmed by his gesture. I just took ₹20 from him as a token of blessings, and handed over the mangalsutra to the couple.' The emotional exchange was caught on video and quickly went viral, gathering millions of views across platforms. People from across the country reacted with warmth and praise, not just for the couple's bond but also for the shopkeeper's kind gesture. Comments poured in, with one user saying, 'This is what true love looks like.' Another wrote, 'No diamonds, no fancy gifts– just a lifetime of commitment. Salute to this man. ' Others added, 'God bless this gentleman,' and 'I am crying seeing this! This is absolutely heartwarming.' This story is based on widely circulated social media posts and media reports. The Times of India has not independently verified the authenticity of the video or the identities of the individuals involved.
News18
12-05-2025
- Business
- News18
Rs 22,500-Crore Spy Satellite Push: India Slashes Timeline From 4 Years To 1
Last Updated: The Space Based Surveillance (SBS-3) program involves the production of 52 spy satellites, with 31 assigned to three private companies and the remaining 21 to be developed by ISRO After four days of heavy cross-border firing and drone activity, the intervening night of May 11 and 12 saw no incidents of overnight firing along the heavily militarized Line of Control. India and Pakistan on Saturday reached an understanding to stop all military actions on land, in the air and at the sea to stop escalating hostilities between the two nuclear-armed rivals. India is now undertaking a significant initiative to bolster its intelligence-gathering capabilities by enhancing its spy satellite system. According to a report in The Mint, the need to strengthen the spy system has become apparent to both military forces and the government following Operation Sindoor. The Indian government is collaborating with three private companies — Anant Technologies, Centum Electronics, and Alpha Design Technologies — to expedite the construction of these satellites. Initially, these companies had four years to complete the task, but the timeline has now been shortened to 12-18 months, with an aim to have the satellites operational by 2026 or earlier. This project, which has received government approval due to its critical importance, is expected to cost approximately Rs 22,500 crore ($3 billion). Known as the Space Based Surveillance (SBS-3) program, the initiative received the green light from the Cabinet Committee on Security in October 2024. It involves the production of a total of 52 spy satellites, with 31 assigned to the three private companies and the remaining 21 to be developed by the Indian Space Research Organisation (ISRO). The primary function of these satellites will be to monitor India's borders, particularly tracking activities in Pakistan. Additionally, they will provide crucial assistance during natural disasters such as floods or earthquakes. Elon Musk's SpaceX will provide support for this project. The satellites will be developed and launched in several phases. Companies like Anant Technologies will design and develop some of the satellites from scratch, having spent the past year raising awareness about the project to attract technical experts. The Satish Dhawan Space Centre of ISRO will be utilised for the satellite launches, with two options available: ISRO's heavy rocket (LVM3) or SpaceX's rocket. Both will be employed to place the satellites into their respective orbits. Strict deadlines have been set for the completion of this work, and the Ministry of Defence must grant approval before any satellite launches. This project is of paramount importance for India's national security. An expert cited in The Mint highlighted that this satellite system represents a significant advancement for India. It not only enhances the security of the country's borders but also improves infrastructure. This initiative is also a considerable opportunity for India's private space companies, as they receive substantial contracts, enabling them to advance their technology and expedite their work, thus positioning India further ahead in the space sector. First Published: May 12, 2025, 11:20 IST
Mint
22-04-2025
- Business
- Mint
HCL Tech Q4 attrition rate drops to 13% sequentially; headcount rises by 2,665 to 2,23,420 employees
Catch all the Business News , Market News , Breaking News Events and Latest News Updates on Live Mint. Download The Mint News App to get Daily Market Updates. More Less
