|
|
|
India’s $280 billion IT industry faces a turbulent FY26
Early Q1 earnings show that India’s IT services sector is navigating tough terrain. Revenue growth is muted,
discretionary tech spending is delayed, and uncertainty around US tariffs is rattling consumer-facing sectors like auto
and retail. Even bellwethers like TCS and HCLTech missed estimates, while Accenture flagged slowing bookings. At the
same time, AI, especially agentic AI, is emerging as a new battleground. The big question: can India’s tech giants
reinvent themselves fast enough to stay relevant?
Read more
|
|
Fertility startups bloom as India’s IVF market matures
India’s booming IVF sector, projected to nearly double to $1.45 billion by 2027, is drawing a new wave of tech-savvy
fertility startups. Backed by rising incomes, later-life pregnancies, and increasing infertility, ventures like Luma
Fertility, Arva Health, and Inito are offering everything from at-home hormone tracking to full-stack IVF services. At
least 37 fertility startups have sprung up since 2021, raising $86.4 million so far. Now, big players are eyeing these
startups for innovation and possible acquisition. Can these young ventures scale up while keeping their personal touch
and trust factor intact?
Read on
|
|
Govt begins tax revamp, more reforms to follow
India’s new Income Tax Bill, set to be tabled in Parliament’s monsoon session, is just the beginning. While the
legislation aims to rewrite and simplify the six-decade-old tax code, the government sees this as a foundation for more
substantial reforms in the years ahead. The Bill, which will take effect from 1 April 2026, reorganises the law for
better clarity but leaves complex issues, like taxing digital services and reworking capital gains, largely untouched.
As cross-border digital transactions rise and tax complexity grows, can simplification alone future-proof India’s tax
system?
Read more
|
|
Big move from public banks amid falling deposits
As savings rates hit a 20-year low, state-run banks are scrapping charges for not maintaining minimum balances to retain
and attract depositors. Public sector banks like Canara Bank, PNB and Indian Bank have followed SBI’s lead in waiving
the fee, once a ₹2,300-crore annual revenue stream. The move comes amid regulatory pressure and a struggle to compete
with private banks, which are gaining deposit share.Can improved customer experience and digital push help PSBs win back
savers in a low-interest, high-opportunity-cost world?
Read more
|
|
India’s indie chocolates are here to stay
Move over Switzerland, Belgiam and France, India wants to own its chocolate moment. At the heart of this transformation
is Manam Chocolate, a homegrown brand that’s part of a fast-growing tribe of Indian craft chocolate makers reinventing
the bean-to-bar journey with local cacao, global technique, and luxury retail flair. From the cocoa farms of Andhra
Pradesh to sleek cafes and experiential stores in Delhi and Hyderabad, these brands are reshaping what premium chocolate
looks and tastes like in India—bold, artisanal, and unapologetically local. Read this piece that takes a close look at
the journey of Manam Chocolate, one of the many players in India’s fast-growing local chocolate landscape.
|
|
|
|
Here's a great value proposition
A digital subscription to Mint premium can be yours at just ₹213 per month. Check out the convenient and affordable plans we have
for you here.
|
|
|
₹748 crore
The net profit reported by HDFC Asset Management Co. for the June 2025 quarter, a 24% increase from the previous year.
$9 billion
The amount of foreign aid and public broadcasting funding eliminated by US Senate-approved spending cuts proposed by
President Donald Trump.
2
The number of units sold out of 683 total units at W Residences Marina View condominium in Singapore during its opening
weekend, highlighting the challenges in the luxury property market.
4.3%
The unemployment rate in Australia for June, up from 4.1% the previous month, breaking from the 3.9-4.2% range since
late 2023.
60,942
The number of vehicles GM brought in from China to Mexico in H1 2025, representing 65% of GM's total sales there,
according to the country's national statistics bureau.
₹603 crore
The revenue from operations reported by Waaree Renewable Technologies for the June quarter, up 155% from ₹236.35 crore
in the same period last year.
26,367
The number of public EV charging stations in India by early FY25, representing a five-fold increase from FY22, according
to CareEdge Ratings.
howindialives.com
|
|
|
|
|
|
|
|
|
|
Were you forwarded this email? Did you stumble upon it online? Sign up here.
|
Written by Siddharth Sharma. Edited by Vikram Kumar.
|
|
|
Download the Mint app and read premium stories
|
|
|
|
|
|
View in Browser
| Privacy Policy
| Contact us
You received this email because you signed up for Mint Top of the Morning or because it is included in your subscription.
Copyright © HT Digital Streams. All Rights Reserved
|
|
|
|
|
82,259.24
₹86.07
