Editor’s note: Dear reader, welcome to The Evening Brief, Mint’s flagship end-of-market close newsletter that brings you some choice selections from your favourite business publication. You might notice some cosmetic changes to how this newsletter reads in your inbox, but worry not: we’re still delivering what you need to know, without any spam. Happy reading! The US has hiked tariffs again, and more could be on the way for Indian exports from medicines to semiconductors. Growth forecasts for 2025-26 have already been trimmed. But rather than panic, India is treating this as a wake-up call. With one in five merchandise exports heading to the US, the overdependence is clear. Now the spotlight is on new buyers in Africa, Latin America and Eastern Europe, while demand from ASEAN and Gulf countries remains steady. Foreign investments are being rerouted too, with Vinfast’s electric vehicle plant in Tamil Nadu and India–UAE shipyard collaborations built for markets beyond America. Lower interest rates, fiscal discipline and funds for small businesses are adding resilience. The real question is whether India can turn this setback into a strategic shift that makes its economy less vulnerable to the moods of any single market. Click here to read the Plain Facts piece for the full story told through carefully curated charts and graphs. Market Watch📉 Markets slip as heavyweights drag!After Monday’s rally, Indian benchmarks turned lower on Tuesday, 12 August, weighed down by losses in HDFC Bank, ICICI Bank, and Reliance Industries.
Selling in index majors kept sentiment subdued despite mixed cues. 📊💼 Get a headstart on tomorrow’s print editionLaw firm salaries surge 20-40% for fresh grads in 2025 India can wean off Russian oil without heavy costs Identity verification startup 1Kosmos raises $57 million in Series B Amid demand hiccups, Apollo Tyres drives towards lifting earnings Premium readsIncome Tax Bill 2025: What the latest fixes mean for your refunds, TDS, and property deductions Roasted ‘makhana’ and protein chips, young India loves it’s snacks with benefits Why active funds are more suitable for small- and mid-cap investing Forget influencers, your employees are the new marketing mavericks Sneak a PeekThe great Indian shuttle experiment is stuck in trafficShuttle rides cost a bit more, but they provide comfortable trips, saving commuters the hassle of driving and finding parking spots. Moreover, they lower the burden on public transport. And yet, such services keep shutting down. Why is that? Today in HistoryOn this day in 1765, the Treaty of Allahabad was signed—an agreement that would rewrite India’s fate. After the British East India Company’s dramatic victory at Buxar, Mughal Emperor Shah Alam II ceded the prized Diwani rights over Bengal, Bihar, and Orissa to the Company in exchange for an annual tribute of ₹26 lakh. The Nawab of Awadh was forced to pay a crushing war indemnity of ₹50 lakh. With a single stroke, British traders grew into rulers, collecting taxes, shaping laws, and draining wealth. Thanks for reading! Written by Siddharth Sharma. Edited by Madhumita Sen Choudhury. Produced by Shad Hasnain. |