Wall Street climbs 1% on upbeat results, Fed relief

A U.S. flag waves outside the New York Stock Exchange. (AP)

A U.S. flag waves outside the New York Stock Exchange. (AP)

2 min read . 26 May 2022Devik Jain,Anisha Sircar, Reuters

Some of the taxpayers have approached high courts in this regard.

GST officials can't use coercion for recovery of taxes during search ops

3 min read . Updated: 26 May 2022

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China produced 1.5 billion phones in 2020, according to estimates from data tracking platform Statista

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Can Apple bank on India to boost iPhone output?

2 min read .12:53 AM IST

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Data recap of the week: inflation, lost wealth & GDP growth

3 min read .12:55 AM IST

Clockwise from top left: Matinee Gin founders Anjali Shahi (left) and Lavanya Jayashankar; Tāmras founders Devika Bhagat and Khalil Bachooali; Stranger & Sons founders Sakshi Saigal, Vidur Gupta and Rahul Mehra.

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Sun, sand and Goa’s exploding gin industry

10 min read .12:55 AM IST

Metro operates 31 wholesale stores in India. (Photo: Bloomberg)

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Metro scouts for local partners

3 min read .12:56 AM IST

The hunt for interviewers coincides with a surge in hiring. (Photo: iStock)

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The mystery of the missing interviewers

3 min read .12:57 AM IST

Q4 was impacted by the Omicron Covid wave, which hampered demand in the beginning of the quarter. While demand rebounded later on, higher aviation turbine fuel costs and the depreciating rupee weighed on profitability. (MINT_PRINT)

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Inflation worries cloud IndiGo’s flight path

3 min read .01:23 AM IST

Coal India produced 209 million tonne of coal in 4QFY22, up 3% year-on-year. In FY23, it plans to achieve 700 million tonne in output. (Photo: Bloomberg)

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Coal India’s fortunes are tied to price hikes

2 min read .12:59 AM IST

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Making sense of Sebi’s passive ELSS funds for investors

4 min read .12:40 AM IST

Photo: Bloomberg

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Terra infirma and the ‘wildcat’ stablecoins of our cryptosphere

4 min read .01:00 AM IST

Thousands of runners participated in six different races of the 14th edition of TCS World 10K (Photo: AP)

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A podium finish isn’t the best reason to keep running

5 min read .01:01 AM IST

Govt will decide on BPCL divestment process in due course.

Govt calls off current EoI process for strategic divestment of BPCL

1 min read . Updated: 26 May 2022

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The cash-and-stock deal also includes $8 billion of VMware net debt. (Bloomberg)

Broadcom to buy VMware in second-biggest deal globally so far this year

1 min read . Updated: 26 May 2022

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Chingari CTO Tariq Wali.

Funding squeeze forced course-correction in start-ups: Chingari CTO

6 min read . Updated: 26 May 2022

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RBI’s reassurances are not enough to address macroecono ....

3 min read .25 May 2022

Parekh is only the second CEO in Infosys’s 41-year journey to get a second term. (Photo: Bloomberg)

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Infosys has done well to reappoint Salil Parekh

3 min read .23 May 2022

FCAs declined by $1.302 billion to $529.554 billion in the week. Gold reserves decreased by $1.169 billion to $40.57 billion (Photo: Mint)

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Trying to defend the rupee by selling dollars is a losi ....

3 min read .22 May 2022

The buy, if it goes through, will speed up JSW Energy’s plans to switch the bulk of its power portfolio to renewables REUTERS/Danish Siddiqui (REUTERS)

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JSW lost out on Holcim but made another strong strategic bet

3 min read .20 May 2022

Cryptocurrencies were created with the intention of creating money that is independent of governments. (AFP)

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What the long history of currency says about cryptocalypse

3 min read .21 May 2022

A view of ITC Royal Bengal hotel in Kolkata

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The pandemic is past: For proof, look at ITC stock

4 min read .20 May 2022

Government data shows that the country has adequate stocks for domestic needs and exports. (Photo: AFP)

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Wheat granaries are full, why are prices rising then?

3 min read .20 May 2022

All the public sector oil majors have either started their own version of doorstep delivery or have tied up with startups to do so (PTI)

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Plans for doorstep diesel delivery signal the severity ....

3 min read .15 May 2022

Photo: Bloomberg

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What Coinbase row signals about the regulator’s intent

4 min read .13 May 2022

Speculation is high that Musk will either back out from the deal or seek a lower valuation than the $54.20 a share he had originally proposed for the acquisition. (Photo: Reuters)

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Elon Musk is playing an old and dangerous game on Twitter

3 min read .19 May 2022

Infosys’s operating margin is down from 28.8% at the end of March 2012 to 23% last year, a sharp 580 basis points decline (Photo: Reuters)

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Techies never had it so good, but not so much for tech firms

3 min read .18 May 2022

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The key meet will find representatives of Tata Sons, Reliance Retail among other players in the e-ecommerce space. (REUTERS)

Govt to meet Amazon, Flipkart on fake reviews

2 min read . Updated: 26 May 2022

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A Bharti Airtel advertisement board is installed against the backdrop of company's telecommunication tower (REUTERS)

Singtel may sell 2-4% stake in Bharti Airtel to Sunil Mittal family

1 min read . Updated: 26 May 2022

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Shell in talks with Indian consortium to sell Russian LNG plant stake: Report

2 min read . Updated: 26 May 2022

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The rating agency argued that the rise in crude oil, food and fertilizer prices will weigh on household finances and spending in the months ahead and rate increases to check energy and food inflation “will slow the demand recovery’s momentum”. (MINT_PRINT)

Moody’s lowers India’s 2022 growth forecast to 8.8%

2 min read . Updated: 26 May 2022

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From The Wall Street Journal

The SEC voted Wednesday to issue two proposals that aim to give investors more information about MFs, ETFs and similar vehicles that take into account ESG—or environmental, social and corporate-governance—factors (Photo: Reuters)

SEC proposes more disclosure requirements for ESG funds

5 min read .26 May 2022

The Chinese leader hasn’t confirmed his trip and his office has been worried that the risk of coronavirus exposure may be too great, given that Hong Kong had recently endured a major Omicron outbreak, according to the people (Photo: Reuters)

Xi’s 1st trip outside mainland China in over 2yrs set t ....

4 min read .26 May 2022

Elon Musk no longer plans to rely on a margin loan backed by shares of Tesla, which are down by about a third since Twitter accepted his bid in late April (Photo: Reuters)

Elon Musk plans to rely more heavily on equity for Twitter deal

5 min read .26 May 2022

Russia's Central Bank building in Moscow. Russia has taken steps to weaken the ruble this week. On Thursday, the central bank lowered interest rates to 11% from 14%, making holding rubles less attractive (Photo: AP)

Russia’s economy is tanking—but the ruble is soaring

4 min read .26 May 2022

German chancellor Olaf Scholz speaks at the World Economic Forum in Davos, Switzerland (AP)

German chancellor sends a stern message to Russian President Putin

1 min read . Updated: 26 May 2022

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CBI has conducted multiple searches at his premises last month (MINT_PRINT)

Yes Bank-DHFL scam case: CBI arrests ABIL group chairman Avinash Bhosale

1 min read . Updated: 26 May 2022

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Maharashtra conducted 27,541 Covid tests in the last 24 hours (HT)

Maharashtra sees biggest Covid-19 jump in nearly 50 days; most cases in Mumbai

1 min read . Updated: 26 May 2022

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Ranveer Allahbadia

These Indians feature in Forbes 30 Under 30 Asia List 2022: Complete list

16 min read . Updated: 26 May 2022

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