Despite the government’s stated policy goal of increasing the share of natural gas in India’s energy basket, consumption of the environmentally friendly fuel fell 8.6% annually in the April-October period of FY26, according to data from the petroleum planning and analysis cell (PPAC). In absolute terms, consumption declined to 40,068 million metric standard cubic metres…
Days after the department of telecommunications (DoT) directed communication apps such as WhatsApp, Telegram and Signal to bar users without active SIM cards from accessing their services, tech companies and industry bodies including the Internet and Mobile Association of India (IAMAI) and the Broadband India Forum (BIF) have pushed back against the move. Telecom operators,…
“The debate about the number two position is finally over,” declared Ixigo’s chairman and group chief executive Aloke Bajpai, in a conversation with Mint. “If you look at impact, we touch more travellers than anyone else. On financial metrics like revenue or GTV (gross transaction value), we are number two. On growth, we are number…
Bhansali Productions is known for films like Gangubai Kathiawadi and Padmaavat, besides web shows such as Heeramandi. With this fund infusion, the company will augment its content slate across formats, while retaining the intellectual property rights of all its films, according to the statement on Tuesday. As part of the partnership, Bhansali Productions will sell…
MUMBAI : Gajendra Singh Shekhawat, India’s Union minister for tourism and culture, on 15 December informed the Lok Sabha, through written replies, of the government’s initiatives to promote homestays, especially in tribal areas. Mint explains what these policies are and why the government is keen on homestays. What did Shekhawat tell the Lok Sabha? The…
Weekly viewership figures for fiction OTT originals published by media consulting firm Ormax sees most shows report numbers in the 1-2 million range with very few breaking out in the past few months—while even a year ago, it was common for multiple web shows to garner viewership over four million in the same week. Creators…
India’s fintech lending sector is entering its second act—and it looks markedly different from the first, top industry executives told Mint. Speaking at a panel discussion on digital lending’s next chapter at Mint’s annual BFSI Summit on Friday, fintech founders said the sector is moving away from blitz-scale expansion toward stronger liability management, unit economics…
The interest is still at an early, exploratory stage. Last month, during a visit by a German delegation led by Johann Saathoff, parliamentary state secretary to Germany’s federal minister for economic cooperation and development, the possibility of collaborating with India on manufacturing rare earth magnets was discussed with the Indian government, the people said. The…
San Francisco-based Salesforce Inc develops software to manage client inventory tracking, sales, ticket resolutions, and data entry. It even tracks marketing campaigns and keeps a log of customer engagements. Homegrown IT services companies customise this software and integrate it into their clients’ back-end IT systems. Over the past decade, the country’s largest information technology (IT)…
In January, the bank got a Reserve Bank of India (RBI) go-ahead to open 20 branches across cities such as Lucknow, Amritsar, Bhopal, Bhubaneswar, and Dehradun among others. When completed, the expansion will take its total branch count to 46. The first of the new lot was opened in Vadodara earlier in December. Unlike other…