New Delhi: The Union steel ministry has deferred the implementation of a 13 June quality control order (QCO) on imports of finished steel products by four months, after small importers raised concerns regarding shipments already in transit. According to a piece of correspondence seen by Mint, the ministry, in consultation with the industry on 7…
The highlight of the launch on Tuesday wasn’t so much the budget smartphones but the person heading the venture—Madhav Sheth, once wildly popular in India’s consumer tech market for solidifying the stature of Chinese electronics brand Realme. In his new stint as a co-founder, Sheth is betting big on converting users of basic mobile phones…
India’s power demand in the April-June quarter fell by 1.5 per cent from a year ago, mainly due to reduced use of cooling appliances amid the early onset of the monsoon. Demand dropped to 445.8 billion kilowatt-hours during the period, according to data from the Central Electricity Authority. Bloomberg reported that it’s the first contraction…
Several startup founders have said Parekh was impressive in interviews but failed to perform at the required level once hired. Parekh justified his actions citing “financial conditions”, on the Technology Business Programming Network’s podcast. But what’s really the issue here, why is everyone up in arms about Parekh’s moonlighting, and what can companies do about…
He was referring to his company’s decision to shut its audio streaming service, which ran out of steam after battling tough market conditions for over a decade. People simply do not want to pay for music, the executive, who didn’t want to be identified, indicated. “The paid subscription model hasn’t taken off in India, and…
Actors primarily known for upmarket, slice-of-life urban-centric films are making a clear shift towards mass-market genres to appeal to a broader audience base as the movie business struggles to reclaim its pre-covid glory. While Rajkummar Rao will be seen in a gangster role in Maalik, slated for release in July, Ayushmann Khurrana will feature…
Mumbai: The Indian Premier League’s (IPL) business valuation increased 12.9% year-on-year to $18.5 billion ( ₹1.56 trillion) in 2025, cementing its place among the world’s most valuable sporting leagues, according to the latest brand valuation study by Houlihan Lokey. The IPL’s standalone brand value jumped 13.8% to $3.9 billion ( ₹32,721 crore), buoyed by record…
Given the rising tide of attacks on telecom and computer networks worldwide, India is taking no chances. The government is set to tag customer databases, routing systems, customer relationship management systems, submarine cable line equipment, and satellite services tools as critical telecom infrastructure or CTI, two people aware of the plans said. This would subject…
The launch of UPI AutoPay has led to a new breed of startups and is helping others tweak their strategy to make the best use of the technology. The shift comes at a time when Indians are spending more time and money on the internet. AutoPay’s adoption has been sector agnostic. Between 2024 and 2025,…
French luxury giant LVMH Moët Hennessey Louis Vuitton SE is selling its only US hotel, the El Encanto in Santa Barbara, California. The 90-room property — in a coastal getaway northwest of Los Angeles — is being purchased by a partnership of brothers Justin and Tyler Mateen and Culver Capital, according to representatives for the…