US stock indices dived as investors rushed to government bonds on economic worries over the fallout of President Donald Trump's sweeping tariffs on US trading partners.Indian markets followed suit, with fears of a global trade war growing after US President Donald Trump announced tariffs on all countries. The Sensex and Nifty crash was preceded by a market rout on Wall Street and other major Asian markets like Japan, Singapore and China.In this interview, Karan Agarwal, Co-founder, of Elever, a SEBI-registered Portfolio Manager while speaking with Abhishek Singh, Deputy Editor, of Mint made some bold predictions about what's likely to follow after market's crash.

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Published on April 7, 2025

Ram Singh is a member of RBI's monetary policy committee, and the director of the Delhi School of Economics, and he has just released a report which has some stunning numbers, and consequences.The fact that the wealthiest 5% of Indians reported incomes that were just 4% of their total wealth. The paper, which is based on affidavits filed by election contestants, the Forbes list of billionaires and statistics published by the income tax department says that the wealthier the individual or the family, the lesser the reported income relative to the wealth.

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🔒 Gensol Founder’s Ban Derails IPO Ambitions

Anmol Singh Jaggi, founder of Gensol Engineering, is in regulatory hot water. Sebi has barred him and his brother from board roles and trading in securities over fraud and forgery charges. The fallout? The ₹750 crore Matrix Gas IPO is off, and Blu-Smart’s 2026 listing plans look shaky. Investors are spooked, especially with Gensol having lent over ₹380 crore to both companies. Blu-Smart also faces operational issues in key cities. As one proxy advisory expert put it: “Trust is broken.” Jaggi has vowed to contest the order.

📈 NSE’s Unlisted Frenzy Before IPO

In a sharp turnaround, NSE’s investor base has nearly tripled in three weeks, following the activation of its ISIN code on March 24, which slashed share transfer times from four months to a single day. With unlisted shares now trading freely between ₹700 and ₹2,260, and a market cap of ₹4 trillion, investor appetite is clear. The IPO now hinges on Sebi’s approval, but the market is ready.

💻 Wipro: Profits Up, Growth Still Missing

Wipro posted a 2.7% dip in revenue for FY25—its second straight year of decline—despite a 19% jump in profit thanks to tighter cost controls. CEO Srinivas Pallia remains cautious, forecasting a further revenue dip of up to 3.5% in the current quarter. European markets weighed heavily on performance, and while large deals came in, client hesitancy and global uncertainties continue to cloud the outlook.

🚛 Isuzu Becomes India’s CV Export Leader

Isuzu Motors India clocked a 24% jump in commercial vehicle exports, becoming the top CV exporter in FY25. Its Sri City plant, which recently rolled out its 100,000th vehicle, supplies to markets across Asia and the Middle East. With global-standard manufacturing and a growing portfolio, Isuzu’s ‘Made in India’ bet is paying off.

🇮🇳🤝🇪🇺 India-EU FTA Talks Accelerate

As trade tensions rise globally, India and the EU are racing to finalise a free trade agreement by end-2025. Key negotiation points? Lower duties on Indian textiles (currently at 14% in the EU) in exchange for reduced tariffs on EU alcoholic beverages (currently 150% in India). The Indian textile sector sees this as a potential game-changer, predicting a doubling of exports and up to 700,000 new jobs. The next round of talks kicks off in May in New Delhi.

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As per the 14th Amendment to the US Constitution, "all persons born or naturalised in the US and subject to jurisdiction thereof, are citizens of the US and of the state wherein they reside". On 8th December, just over a month before he takes office, The US President Donald Trump, in his first televised interview since the elections, said that "we'll have to end it"He has now basically revived talk of abolishing the guarantee which has been part of the country's constitution for over 150 yearsHe said he's planning on changing this practice using executive action -- and noted that there are other options tooNow the big question here is - Can he really do that?Published on December 12, 2024

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This is Nelson John, and I'll bring you the top business and tech stories, let's get started.

1. India’s $4 Billion Tech Design Ambition

India is aiming to move up the electronics value chain with a proposed $4 billion Design-Linked Incentive (DLI) scheme. The goal? To go from “Make in India” to “Design in India.” The scheme will support 30 semiconductor and 30 electronics categories, including Wi-Fi chips, EV components, and smart meters. Incentives will be based on investment and turnover, with a focus on creating patents and IP. This comes as India files only 60,000 patents annually, far behind the U.S. and China, which each cross the one-million mark. As production-linked incentives for mobile phones wind down, this move could mark India’s next leap in tech manufacturing and innovation.

2. Inflation Eases, RBI Shifts Focus to Growth

Retail inflation in March dropped to 3.34%, the lowest since August 2019, thanks to cooling food prices. Food inflation fell sharply to 2.69% from 8.5% a year ago. This dip prompted the Reserve Bank of India to cut the repo rate to 6%, with more cuts expected in June. With 12 states reporting inflation below the national average and cereals inflation at a 33-month low, analysts expect the RBI to focus more on supporting growth.

3. Ericsson’s India Sales Slip as 5G Rollout Slows

Swedish telecom firm Ericsson reported its sixth straight quarterly revenue dip in India, down 28% year-on-year, as major telcos Airtel and Jio near completion of their 5G rollout. However, revenue rose 32% sequentially, thanks to new contracts from Vodafone Idea and Airtel. India remains Ericsson’s second-largest market, though its share of global revenue dropped to 7% from 10%. Globally, Ericsson’s sales rose 3%, and net profit jumped 63%, signaling strength outside India. The company remains confident in its long-term prospects despite the domestic cooldown.

4. IndiGo Becomes World’s Most Valuable Airline

In a landmark moment, IndiGo’s market cap hit $23.45 billion, making it the world’s most valuable airline. That’s higher than Delta, American, or Lufthansa. The airline commands over 60% of India’s domestic market and has proven resilient through multiple industry downturns. Massive aircraft orders placed early have given it an edge amid global supply shortages. The company’s rise is also being seen as a case for privatization—IndiGo has thrived while government-owned airlines have floundered. Still, issues like falling service quality and limited competition loom.

5. Diamond Exports Hit 20-Year Low

India’s diamond and jewellery exports are in a deep slump. Exports of cut and polished diamonds fell 15% in FY25 to ₹1.12 trillion, the lowest in nearly two decades. Overall gems and jewellery exports dropped 10%, marking the third straight year of decline. The sector has been hit by post-pandemic demand shifts, sanctions on Russian diamond supplies, and now, slowing consumer demand in the U.S. and China. Lab-grown diamonds, which cost a fraction of natural ones, are also undercutting demand. The industry is calling for government support through tax breaks, easier credit, and promotion campaigns to revive growth.

Simplifying personal finance for you - one step at a time! Tune into Mint Money Shots to know those little tips and tricks on how to manage your money smartly, be it mutual funds, or any other investment vehicle!Partnered with @InvescoMutualFund

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It's not easy to wake up everyday and see your portfolio in the red - and this seems to have gotten to people - in fact, the numbers prove it. In March 2025, India's mutual fund sector saw a surge in the number of people closing their SIPs or systematic investment plans. According to data by the Association of Mutual Funds in India or AMFI, 51 lakh SIP accounts were discontinued in March - and just about 40 lakh new SIP accounts were opened. The stoppage ratio surged to an unprecedented 127.5%. What does this mean for investors - and should you continue to stay invested?

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