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Business / Livemint

Donald Trump aide's crypto-friendly bank gets US approval to operate Can Indians open accounts at Erebor Bank?

Called Erebor, the bank is backed by a group of high-profile tech billionaires with ties to Donald Trumps administration and received conditional approval from the Office of the Comptroller of the Currency to operate in the US.

17 Oct 2025 11:49 am
Maharashtras 24/7 operations could help boost cinema business, pave the way for other metros

Maharashtra's decision to allow cinemas to operate 24 hours could boost cinema attendance by 25-30%. This move may attract young audiences and professionals, but requires compelling content and careful planning. Challenges include staffing and climate considerations in northern metros.

17 Oct 2025 6:00 am
The microloans driving Indias festive shoppingfrom smartwatches to protein powders

Low-interest consumer loans are fueling Indias festive shopping boom, as Gen Z and young shoppers splurge on everything from luxury gadgets to daily-use goods. This, however, is raising concerns that growing small-ticket debt could see an increase in bad loans.

17 Oct 2025 5:30 am
Worried about UPI frauds amid festive season? NPCI shares 5 tips for secure digital payments

Worried about UPI frauds amid festive season? NPCI shares 5 tips for secure digital payments

16 Oct 2025 11:48 pm
EPFO rules eased: 75% of EPF amount can be withdrawn immediately, clarifies Mansukh Mandaviya

Union Minister Mansukh Mandaviya explained the relaxations in EPFO rules, which allow employees to withdraw 75% of their EPF upon job loss. The remaining 25% can be withdrawn after one year. Details here. 

16 Oct 2025 9:22 pm
HDFC Life to cut agent commissions as GST impact hits financials

GST changes impacted the second-largest private insurers profitability and margins in the second quarter ended September. HDFC Life is in touch with distributors to realign some of the distribution commission.

16 Oct 2025 7:32 pm
Trai proposes steeper fines for telcos that don't report new plans and prices on time

A new draft order released on Thursday for public feedback proposes much steeper penalties than the current 5,000 for every day of delay, up to a maximum of 2 lakh, among other changes to the rules around such violations.

16 Oct 2025 7:18 pm
Soft demand, cost pressures may keep Indias airlines on a turbulent path

India's aviation sector faces challenges in Q2FY26, with domestic demand softening, higher fuel prices, and reduced capacity impacting recovery. Here is what brokerages expect

16 Oct 2025 7:01 pm
Co-branded credit cards can help you save more this festive season check details here

Credit cards like IRCTC SBI Platinum and Flipkart Axis Bank provide cashback and discounts on various purchases. Additional co-branded options, such as Standard Chartered and Swiggy HDFC Bank, offer benefits tailored to online shopping and dining, making them ideal for festive spending.

16 Oct 2025 5:49 pm
Paradise lost: Is Goa dying as Indias favourite beach escape?

Beaches, shacks, clubs, and greenerytheres very little to not love about Goa. Yet, after a massive boom post the pandemic, the states tourism sector is seeing excess supply, while its reputation is taking a beating. What went wrong, and how can it be fixed?

16 Oct 2025 5:08 pm
Your personal loan application could be rejected despite high credit score: Here's why

There could be several reasons for the rejection of your personal loan application, such as old age, lack of regular income, current liabilities and the tenor of your service contract. 

16 Oct 2025 4:51 pm
Want to close your idle bank account? Here's how

Keeping finances organized is essential, yet challenging. Closing inactive bank accounts can simplify this process, but accounts become inoperative after two years. Reactivation requires KYC, and funds may transfer to the DEA Fund after ten years. Always review terms before closing an account.

16 Oct 2025 4:05 pm
Credit score: Decoding your credit report understanding every detail

Credit report does not merely contain credit score but it also entails the loan history and past inquiries 

16 Oct 2025 3:37 pm
Dhanteras 2025: Experts stress need to think beyond gold why timely debt repayments matter equally

Paying EMIs on time this Dhanteras strengthens credit scores, enhances borrowing power, and fosters financial discipline, helping individuals secure long-term financial stability while avoiding penalties and improving loan approvals.

16 Oct 2025 3:12 pm
Jio Platforms Q2 preview: Rising broadband, premium users to lift growth ahead of IPO

Rising broadband demand, higher-value users and modest tariff tweaks are expected to lift Jio Platforms September-quarter performance as it readies for a 2026 stock market debut.

16 Oct 2025 12:52 pm
Why smart credit card use matters more than you think: Tips to raise your score through better spending habits

Efficient credit card usage focuses on managing credit wisely through timely repayments, low utilisation, and smart spending habits to maintain financial stability and improve overall creditworthiness.

16 Oct 2025 12:46 pm
Can your insurer reject a claim after you port your health insurance policy?

If your health insurance claim is rejected after porting despite continuous coverage, heres what Irdais rules sayand the steps you can take to get it resolved.

16 Oct 2025 12:23 pm
Mint Explainer: What infrastructure status for large vessels means for India's ship owners and shipyards

By granting infrastructure status to Indias shipping sector, the government has brought it on par with other core industries such as roads, ports and power. The measure will unlock long-term, low-cost finance for shipowners and shipbuilders and strengthen Indias maritime capabilities. 

16 Oct 2025 11:21 am
Diwali 2025: How to maintain your credit score this festive season with smart budgeting, smart credit use & payments

Diwali 2025: Maintain a good credit score this festive season by budgeting smartly, managing credit card spending, and ensuring timely repayments to enjoy festive celebrations without affecting your financial health.

16 Oct 2025 10:14 am
EPF withdrawal simpler now? Union minister Mansukh Mandivya says cash out 75% if job is lost

Union Minister Mansukh Mandaviya announced new EPFO rules allowing employees who lose their jobs to withdraw 75% of their EPF immediately, with the remaining 25% accessible after one year, maintaining service tenure for pension eligibility.

16 Oct 2025 7:27 am
Buy gold coins this Dhanteras, but don't mistake it for an investment

Theres nothing wrong with keeping the tradition of buying gold on Dhanteras alive, but its worth recognising it for what it isa cultural decision and not a financial one, since physical gold delivers the lowest yields, experts said.

16 Oct 2025 6:06 am
Axis Bank's standard asset provisions up on one-time reclassification impact, Q2 PAT falls 26% YoY

Although this spike in standard asset provision was massive, it was partially offset by a sequential decline in loan loss provisions, helping the bank contain overall credit costs.

15 Oct 2025 10:30 pm
Raymond Group commits 940 crore to Andhra Pradesh for dual aerospace and auto hubs

Raymond Group aims for 15% topline growth and 20% profit margin. They are cautious about inflated property deals and stress financial discipline. The Andhra Pradesh government approved 940 crore investments for aerospace and automotive manufacturing, expected to create 5,500 jobs by May 2027.

15 Oct 2025 6:56 pm
Personal loan scams: Common frauds borrowers should watch out for

Personal loan scams: Someone who promises a higher loan amount than you are eligible for or who pretends to be the bank's agent and assures you of a good deal in return for a bribe could perpetrate fraud against you.

15 Oct 2025 6:47 pm
Want fireworks in the sky, not in your finances this Diwali? Heres how

Festive spending can trigger poor financial decisions. Experts emphasize the importance of budgeting, avoiding high-interest credit cards, and treating bonuses strategically. 

15 Oct 2025 4:53 pm
How does inflation impact your credit score, and how can you protect your purchasing power?

Inflation does not directly impact your credit score but it impacts your purchasing power, thus leaving less disposable income in your hand. As a result, your credit utilisation could see a jump 

15 Oct 2025 4:37 pm
5 simple steps to get rid of credit card debt and regain control

Practical strategies to clear credit card debt through prioritising high-interest repayments, consolidation, budgeting, and disciplined financial habits to regain control over your finances and rebuild credit health.

15 Oct 2025 4:26 pm
Amid Sunjay Kapurs inheritance battle, heres what mistakes to avoid, and how to craft an error-free will

The inheritance dispute over Sunjay Kapur's 30,000 crore estate involves allegations of forgery and a fake will. Amid this, we take a look at what mistakes you must avoid while crafting your will and steps to ensure the validity of your document.

15 Oct 2025 3:49 pm
How to enjoy the festival season without breaking your budget? Experts weigh in

During India's festive season, managing finances is crucial to avoid debt. Experts suggest planning a budget, setting aside savings, and prioritizing paying off high-interest loans to celebrate without financial strain.

15 Oct 2025 3:08 pm
Mint Explainer: Why does India plan to spend 6.42 trillion to tap the Brahmaputra's hydro potential?

Unveiled on 14 October, the plan is Indias response to Chinas goal of developing the 60GW Medog dam on the Yarlang Tsangpo river (the Brahmaputra in China), which has raised concerns of a 85% reduction in the Brahmaputras flow during the dry season.

15 Oct 2025 3:06 pm
EPFO New Rules: How much PF can you withdraw after losing your job? Check fresh guidelines

According to the new rules of EPFO, unemployed employees will be able to withdraw their final PF amount after 12 months of unemployment. The final PF pension withdrawal must be made only after 36 months.

15 Oct 2025 3:05 pm
Reality shows: OTT platforms' next big content battle with TV

Video streaming platforms are innovating non-fiction formats to cater to younger audiences. Successful shows like Amazon MX Player's Hip Hop India and Netflix's The Great Indian Kapil Show demonstrate strong viewership. How OTTs are rewriting Indias reality playbook

15 Oct 2025 2:57 pm
This Diwali, give wealth that grows: Here's how to gift mutual funds, insurance

Look beyond traditional gifts to help your loved ones build long-term value. Gifting a mutual fund or insurance policy can be a great beginning now that the process has been simplified.

15 Oct 2025 2:45 pm
Fi and Federal Bank jointly launch MagniFi, a weekend credit card

Fi, in partnership with Federal Bank, has announced the launch of the MagniFi Federal Fi Credit Card, a first-of-its-kind lifestyle card designed around the way young Indians spend, on weekends.

15 Oct 2025 2:31 pm
Festive Sale Fever: The TAPER trick to stay calm when your brain urges 'buy'

Dopamine, FOMO and digital design: Whats really driving Indias festival shopping rush and how to shop smarter

15 Oct 2025 2:06 pm
Index fund vs ETF: Which one should you pick?

An index fund is more like a regular mutual fund scheme. ETFs trade on stock exchanges just like shares, and their prices fluctuate throughout the day. Your choice would depend upon various factors, including the type of investor you are

15 Oct 2025 1:19 pm
Mint Explainer | The 4.5 trillion problem: Why is India talking 6G when its 5G rollout isn't paying off?

Indian telecom operators are grappling with 5G monetization issues as users notice little difference from 4G. While the industry eyes 6G developments, achieving profitability from 5G remains crucial for future investments and technological growth.

15 Oct 2025 12:59 pm
5 reasons why you should consider a secured credit card

Secured credit cards help users build credit, enjoy easy approvals, and develop financial discipline while ensuring safety, rewards, and future upgrades through responsible credit management.

15 Oct 2025 10:26 am
India Energy Transition Fund marks first close, EIB arm commits $60 mn

The India Energy Transition Fund would invest in greenfield infrastructure projects and growth-stage companies.

14 Oct 2025 8:13 pm
Bharti Telecom raises 10,500 crore through bonds to refinance maturing debt

The company reportedly has debt securities worth 9,750 crore that are due to mature in November-December, and has total bonds worth 16,150 crore set to mature during 2027-2034.

14 Oct 2025 7:14 pm
Axis Bank Q2 preview: Margins expected to slip, asset quality offers hope

Analysts expect Axis Bank to report the sharpest sequential NIM decline among private lenders, while credit growth holds steady and asset quality offers a silver lining.

14 Oct 2025 6:44 pm
Mint Explainer | Unpacking EPFO's partial withdrawal and final settlement proposals

While simplifying partial withdrawals is a welcome move by the EPFO, adding restrictions to final settlement could create more problems than it solves, experts said. Mint explains the proposals and what they mean for you.

14 Oct 2025 6:19 pm
Can algorithms make music with soul? Prasar Bharati bets on an AI rock band

With Trilok's collaboration with Prasar Bharati, AI-generated music is gaining institutional acceptance. Industry experts emphasize the need for ethical standards and fair compensation, as AI tools democratize music production but also pose challenges to creators' income and copyright protections.

14 Oct 2025 5:35 pm
India's top law firms are lining up to hire and promote women leaders. Here's why.

At some firms, women accounted for almost half the promotions to the role of partner and above over the past five years, industry watchers and insiders estimate. What's driving this, and how is it changing the industry?

14 Oct 2025 5:31 pm
How can soldiers on active duty make a Will under Indian law?

The Indian Succession Act, 1925, considers the unusual circumstances that people of certain professions might face and allows a provision for Privileged Wills.

14 Oct 2025 4:53 pm
Unclaimed fortunes: Why 1 trillion in investor money remains out of reach

Millions of investors may be walking past their own moneydeposits, dividends, and insurance payoutstrapped in unclaimed accounts. Retrieving it is rarely simple, with legal hurdles, lost paperwork, and fragmented systems in the way.

14 Oct 2025 4:26 pm
Tesla scheme sputters, govt may extend deadline for foreign EV firms

Steep localization standards and bank guarantee rules seem to have discouraged most foreign electric vehicle (EV) makers from signing up for the 'Tesla scheme'.

14 Oct 2025 4:07 pm
Top 5 reasons your personal loan application might be rejected

Personal loan applications can be rejected due to low credit score, unstable employment, high debt, incomplete documentation, age restrictions, or limited credit history, highlighting the importance of eligibility and financial discipline.

14 Oct 2025 3:32 pm
Buying gold this festive season? Here's how much you can keep at home legally Top FAQs answered

Amid this festive season, we answer all the top FAQs about how much gold you can keep at home legally, if there's a penalty for exceeding limits, rules about declaration, investments, what is the tax requirement, and more.

14 Oct 2025 3:30 pm
Silver ETFs rule at a premium to their indicative NAV. What should investors do?

Silver prices have surged by 108% in 2025, leading major ETFs to trade at a premium of about 10% over NAV. 

14 Oct 2025 1:55 pm