Jannah Theme License is not validated, Go to the theme options page to validate the license, You need a single license for each domain name.
    BUSINESS

    HDFC Bank gets RBI approval to raise stake in IndusInd Bank to 9.5 per cent

    HDFC Bank has received RBI approval to raise its stake in IndusInd Bank up to 9.5 per cent. The clearance is subject to compliance with banking, securities and foreign exchange regulations, and bars board representation New Delhi: HDFC Bank has got the Reserve Bank’s nod to hike its stake in another private sector lender, IndusInd Bank, up to 9.5 per cent. “We would like to inform you that the Reserve Bank of India (RBI) vide its letter dated December 15, 2025, has accorded its approval to HDFC Bank (applicant) to acquire ‘aggregate holding’ of up to 9.50 per cent of the paid-up share capital or voting rights in IndusInd Bank,” IndusInd Bank said in a regulatory filing. The RBI approval has been granted with reference to the application made by HDFC Bank, it said. “The approval granted by RBI is subject to compliance with the relevant provisions of the Banking Regulation…
    BUSINESS

    Unemployment rate falls to seven-month low of 4.7 per cent in November

    India’s unemployment rate fell to a seven-month low of 4.7 per cent in November 2025, driven by stronger rural employment and rising female participation, signalling improving labour market conditions despite urban joblessness remaining higher New Delhi: Unemployment Rate (UR) for persons aged 15 years and above declined to a record low of 4.7 per cent in November 2025, compared to 5.2 per cent in the previous month of October 2025. The UR among persons aged 15 and above decreased to 4.7 per cent in November 2025, the lowest level since April 2025, according to the Ministry of Statistics and Programme Implementation (MoSPI). The Ministry further stated that in November 2025, the rural UR fell to a new low of 3.9 per cent, while the urban UR decreased to 6.5 per cent, matching its previous lowest level recorded in April 2025. The joblessness rate was 5.1 per cent in April 2025. According…
    BUSINESS

    India seeks WTO consultations with EU over ferro-alloy import curbs

    India has sought consultations with the European Union at the WTO over safeguard measures imposing import quotas on certain ferro-alloy elements. New Delhi said the curbs would impact Indian exports, even as India and the EU negotiate a free trade agreement New Delhi: India has sought consultations with the European Union under the World Trade Organisation’s (WTO) safeguard agreement over the EU’s decision to impose import quotas on certain ferro-alloy elements, used in the iron and steel industry. According to a communication circulated by the World Trade Organisation (WTO), India has a major trade interest in the export of these elements. The imposition of duties under the safeguard measures over a certain quota will impact exports of these items from India to the EU. The measures will be in place for three years. “As a member having a substantial trade interest in the export of products concerned, India hereby requests consultations with the…
    BUSINESS

    Stock markets decline in early trade dragged by foreign fund outflows, weak global trends

    Indian equities opened lower as Sensex and Nifty fell amid persistent foreign fund outflows, weak global cues and risk-off sentiment. Asian and US markets declined, while select stocks gained. FIIs sold, DIIs supported, limiting deeper downside during early Tuesday trade Mumbai: Benchmark indices Sensex and Nifty declined in early trade on Tuesday as persistent foreign fund outflows and weak global market trends dented investors’ sentiment. The 30-share BSE Sensex declined 363.92 points to 84,849.44 during initial trade. The 50-share NSE Nifty dropped 106.65 points to 25,920.65. From the Sensex firms, Eternal, Axis Bank, HCL Tech, Infosys, Tata Steel, and Bharat Electronics were among the major laggards. However, Bharti Airtel, Asian Paints, Tata Motors Passenger Vehicles, and Titan were among the gainers. In Asian markets, South Korea’s Kospi, Japan’s Nikkei 225 index, Shanghai’s SSE Composite index, and Hong Kong’s Hang Seng index quoted lower. US markets ended in negative territory on Monday.…
    BUSINESS

    With $600 bn net worth, Musk moves closer to becoming world’s first trillionaire

    Elon Musk has become the first person to cross a $600 billion net worth, driven by rising valuations of SpaceX, Tesla and xAI. The billionaire is now widely seen as moving towards becoming the world’s first trillionaire. New Delhi: Tesla and SpaceX CEO Elon Musk has taken another step towards becoming the world’s first trillionaire, according to reports. With his company SpaceX reportedly launching a tender offer, valuing the firm at $800 billion, Musk’s net worth has surged by $168 billion to an estimated $677 billion, according to reports. Musk is now the first person ever worth $600 billion or more, reports Forbes. SpaceX is aiming for an initial public offering (IPO) next year that may value the firm at around $1.5 trillion. Musk’s 12 per cent stake in electric vehicle maker Tesla is worth $197 billion, excluding stock options. Moreover, Musk’s xAI Holdings is reportedly in talks to raise new…
    BUSINESS

    Equity markets decline in early trade dragged by services, realty stocks, FII outflows

    Sensex and Nifty fell in early trade due to losses in services and  realty stocks and continued FII outflows. Despite strong economic indicators and expected earnings growth, volatility persists amid rupee depreciation and global cues ahead of key US inflation and Fed meetings Mumbai: Equity benchmark indices Sensex and Nifty declined in early trade on Monday weighed down by losses in services and realty stocks and sustained foreign fund outflows. The 30-share BSE Sensex dropped 316.52 points, or 0.37 per cent, to 85,395.85 in the morning trade. The 50-share NSE Nifty declined by 106.70 points, or 0.41 per cent, to 26,079.75. From the Sensex firms, Bajaj Finance, Bharat Electronics Ltd, Axis Bank, Bajaj Finserv, Maruti Suzuki India, Asian Paints, Mahindra & Mahindra, NTPC, ICICI Bank, PowerGrid, Hindustan Unilever and Larsen & Toubro were the laggards. However, Tech Mahindra, Infosys, Eternal, Reliance Industries, Tata Motors Passenger Vehicles, Tata Consultancy Services, Trent, HCL Technologies and…
    BUSINESS

    Rupee falls 16 paise to 90.11 against US dollar in early trade

    The rupee weakened to 90.11 per US dollar amid high crude prices and persistent FPI outflows. Strong corporate dollar demand, RBI’s recent rate cut impact, and anticipation of the Fed’s policy decision added pressure, while India–US trade talks begin December 10 Mumbai: The rupee depreciated 16 paise to 90.11 against the US dollar in early trade on Monday, weighed down by elevated crude oil prices and persistent foreign fund outflows. Forex traders said strong dollar demand from corporates, importers and foreign portfolio investors pressurised the rupee. At the interbank foreign exchange, the rupee opened at 90.07 against the US dollar then dropped to 90.11, down 16 paise from its previous close. On Friday, the rupee settled at 89.95 against the US dollar, after the Reserve Bank of India cut the key policy interest rate for the first time in six months. Forex traders said investors’ focus has now shifted to the Fed’s…
    BUSINESS

    UIDAI to mandate registration for Aadhaar offline verification entities

    UIDAI is set to notify a new rule requiring hotels, event organisers and other entities conducting Aadhaar-based offline verification to register for access to QR code and app-based authentication. The upcoming app aims to enhance privacy, reduce paper use and streamline verification. New Delhi: A new rule to discourage entities like hotels, event organisers, etc, from taking photocopy of Aadhaar cards of customers and storing them in physical form will be published soon, a senior government official said. Such practices are in contravention of the present Aadhaar Act.The Unique Identification Authority of India (UIDAI) CEO Bhuvnesh Kumar told PTI that the authority has approved a new rule mandating registration of entities that seek Aadhaar-based verification like hotels, event organisers, etc, to provide them access to a new technology that will enable them to verify an individual by scanning QR code or connecting with new Aadhaar app in the works, the top…
    BUSINESS

    Coking coal imports rise in Oct on winter restocking, general coal shipments decline

    In October, overall coal imports fell 3.9% due to surplus domestic supply, while coking coal imports rose 12% driven by winter restocking. Government initiatives like the Coking Coal Mission aim to boost domestic production and reduce reliance on imports New Delhi: Coal imports in October saw a mixed trend with general coal shipments declining while coking coal imports rose. The fall in overall coal imports was on account of availability of surplus coal in the domestic market. Coking coal shipments increased 12 per cent to 5.04 million tonnes (MT) during the month over 4.50 MT a year earlier, driven primarily by winter restocking activities by steel mills. Coking coal is a critical raw material used in steel production. Overall coal imports in October dropped 3.9 per cent to 20.97 MT over 21.84 MT in the year-ago period, according to B2B e-commerce platform mjunction services ltd. According to industry experts, steel manufacturers…
    BUSINESS

    Mcap of five of top-10 most-valued firms surges Rs 72,285 cr; TCS, Infosys biggest winners

    Five of India’s top-10 most valued firms, led by TCS and Infosys, added over ₹72,284 crore in market value last week, while Reliance, HDFC Bank, SBI, L&T and LIC saw declines. TCS gained the most, adding nearly Rs 36,000 crore New Delhi: The combined market valuation of five of the top-10 most valued firms surged by Rs 72,284.74 crore last week, with Tata Consultancy Services (TCS) and Infosys emerging as the biggest winners. While Bharti Airtel, TCS, ICICI Bank, Infosys and Bajaj Finance were the gainers, Reliance Industries, HDFC Bank, State Bank of India, Larsen & Toubro, and Life Insurance Corporation of India (LIC) faced erosion from their valuation. Last week, the BSE benchmark eked out a marginal gain of 5.7 points, while the NSE Nifty dipped 16.5 points. TCS added Rs 35,909.52 crore, taking its market valuation to Rs 11,71,862.37 crore. The market capitalisation (mcap) of Infosys jumped Rs 23,404.55…

    BUSINESS

    • Feb- 2025 -
      25 February
      234

      IT sector FY25 revenues to grow 5.1 per cent to USD 282.6 billion  

      The industry is likely to cross USD 300 billion in revenues in FY26, which is about 6 per cent higher than the FY25 level: Rajesh Nambiar Mumbai: IT industry body Nasscom on Monday pegged the FY25 revenues for the sector to grow 5.1 per cent to USD 282.6 billion. The industry is likely to cross USD 300 billion in revenues in FY26, which is about 6 per cent higher than the FY25 level, its President Rajesh Nambiar said at the Nasscom Technology Leadership Forum here. “This is a good outcome broadly given everything happening around us,” Nambiar told reporters, commenting on the business outcomes in FY25. Number of people employed by the tech sector grew by 1.26 lakh to 58 lakh…

      Read More »
    • 25 February
      222

      Opinion: Green growth or Green mirage?

      The Union Budget lays the roadmap for achieving net zero in 2070 but there must be an assurance of effective execution for a swift, data-driven, and inclusive green transition By Tamali Chakraborty, Subhajoy Mahanta, Barun Kumar Thakur The ongoing struggle between economic growth and environmental conservation has become a pertinent issue in recent years. The trade-off between economic growth and environmental conservation is leading to another trade-off — between inter and intragenerational equity. Climate change has become a global crisis and disproportionately affects developing nations, where there is a lack of resources for adequate adaptation with new technology to mitigate climate-induced risks. India is the 7th most vulnerable nation and without a proper measure, a green future will remain a distant dream. Any deregulation…

      Read More »
    • 25 February
      217

      Hyderabad: COWE to host women’s international summit on entrepreneurship from February 28

      With the theme “Innovation, Sustainability, and Cross-Border Collaboration”,, the premier event will highlight the critical role women entrepreneurs play in driving India’s economy Hyderabad: The Confederation of Women Entrepreneurs (COWE) will host the prestigious Women’s International Summit on Entrepreneurship (WISE) & B2B Expo-2025 at Engineering Staff College of India (ESCI) in Gachibowli between February 28 and March 1. The premier event will bring together industry leaders, policymakers, global trade representatives, and women entrepreneurs. The goal of WISE is to foster cross-sector collaborations, technological innovations, and sustainable business growth, a press release said. This prestigious event, with the theme “Innovation, Sustainability, and Cross-Border Collaboration”, funded under the International Cooperation Scheme of the Ministry of Micro, Small & Medium Enterprises (MSME), will highlight the critical role women entrepreneurs play in driving India’s economy. The event will feature two tracks including a…

      Read More »
    • 25 February
      256

      US biotech giant Amgen to invest Rs 1,600 crore in Hyderabad by this year-end

      Company inaugurates Technology & Innovation site at Raheja Knowledge City in Raidurg Hyderabad: Amgen, a biotechnology major from the US, is making an investment of Rs 1,600 crore in Hyderabad by 2025-end. As part of this expansion, the company inaugurated its new Technology & Innovation site at Raheja Knowledge City in Raidurg on Monday. Amgen employs 300 professionals in Hyderabad. The company plans to add another 300 employees by this year-end. Chief Minister A Revanth Reddy and Industries Minister D Sridhar Babu participated in the unveiling ceremony. Sridhar Babu said Hyderabad emerged as a hub for Global Capability Centres (GCCs) and Telangana was actively working to position itself as a skilled human resource powerhouse. Amgen’s presence would play a pivotal role in fostering biotechnology talent in the State, he said.…

      Read More »
    • 24 February
      375

      TCS, Bharti Airtel tank most as top firms lose Rs 1.65 lakh crore  

      TCS saw its market valuation decline by Rs 53,185.89 crore as its total value went down to Rs 13.7 lakh crore. Bharti Airtel also witnessed a significant drop, with its market capitalisation falling by Rs 44,407.77 crore to Rs 9.3 lakh crore   New Delhi: Tata Consultancy Services (TCS) suffered the biggest loss in market capitalisation as the combined valuation of eight of India’s ten most valuable companies fell by Rs 1,65,784.9 crore last week, aligning with the bearish trends in equities. The BSE benchmark index dropped by 628.15 points, or 0.82 per cent, while the Nifty fell by 133.35 points, or 0.58 per cent during the week amid the weak global cues and tariff war concerns. TCS saw its market valuation decline by Rs 53,185.89 crore as its total value went down to Rs 13.7 lakh crore. Bhart Airtel also witnessed a significant drop,…

      Read More »
    • 24 February
      406

      Salary increments in IT sector to be moderate in FY25

      Industry experts predict an average wage increase of 4-8.5 per cent, a notable step down from previous years, signalling a shift towards more pragmatic compensation strategies New Delhi: Salary increments in India’s USD 250 billion IT services sector are projected to be moderate in fiscal year 2025, as companies navigate a complex landscape of global economic uncertainties, evolving skill demands, and the increasing adoption of artificial intelligence (AI), according to experts. Industry experts predict an average wage increase of 4-8.5 per cent, a notable step down from previous years, signalling a shift towards more pragmatic compensation strategies. “The outlook for salary hikes this year is quite cautious,” noted Krishna Vij, VP, TeamLease Digital. “Industry players are looking at increments in the 4 per cent to 8.5 per…

      Read More »
    • 24 February
      381

      India, UK to resume negotiations on proposed FTA from February 24

      UK’s Secretary of State for Business and Trade Jonathan Reynolds will be here for resumption of the talks. He will hold a bilateral meeting with Commerce and Industry Minister Piyush Goyal New Delhi: After a gap of over eight months, India and the UK will resume negotiations for a proposed free trade agreement (FTA) here from February 24, an official said. UK’s Secretary of State for Business and Trade Jonathan Reynolds will be here for resumption of the talks. He will hold a bilateral meeting with Commerce and Industry Minister Piyush Goyal, the official said. The India-UK FTA negotiations were launched on January 13, 2022. Total 13 rounds of negotiations have been held till December 2023. The 14th round, which began on January 10,…

      Read More »
    • 24 February
      370

      India leads global IPO activity in 2024, raises over $19 billion

      Venture capitalists have shown increasing interest in the Indian IPO market as several major companies have gone public with venture funding this year New Delhi: India emerged as the global leader in initial public offerings (IPOs) activity in 2024, accounting for 23 per cent of all public issues worldwide, a new report said on Sunday. India also raised the highest amount of money through IPOs, collecting $19.5 billion, as per the Indus Valley Annual Report 2025. It was followed by IPOs listed on the US Nasdaq, which raised $16.5 billion, and those listed on the New York Stock Exchange (NYSE), which raised $15.9 billion. The country saw 268 IPOs, including 90 mainboard listings and 178 SME listings. One of the biggest…

      Read More »
    • 24 February
      418

      Schneider Electric to set up three more factories in India

      Schneider Electric CEO Olivier Blum said the three new plants will come up at Kolkata, Hyderabad and Ahmednagar New Delhi: Global energy management and automation giant Schneider Electric has announced plans to set up three more manufacturing plants in India as part of its expanding investment portfolio in the country. Schneider Electric CEO Olivier Blum said the three new plants will come up at Kolkata, Hyderabad and Ahmednagar. The company already has 31 manufacturing plants in the country. Speaking at the Elecrama 2025 business event, Blum said, “We are leveraging AI and digitisation to accelerate growth in the Indian energy sector. We believe that advanced technologies like digital grids, IoT-enabled distributed energy resources, microgrids, smart buildings, and smart cities will reduce…

      Read More »
    • 23 February
      336

      AI downloads in India surpass US, China: FM Sitharaman

      She also highlighted that India’s rank in the Global Innovation Index has improved to 39th in 2024 among 133 economies from the 81st position in 2015. Kottayam: Finance Minister Nirmala Sitharaman has highlighted the rapid pace of innovation in India and the country’s leadership position in the adoption of artificial intelligence (AI). In her address at the convocation ceremony of IIIT Kottayam, she pointed out Microsoft CEO Satya Nadella’s comment that India is the ‘use case capital of AI,’ is a “very big statement” as it means that “we are not just talking about artificial intelligence or doing research in AI. We are implementing it on a large scale.” Underscoring the awareness about AI in the country, she added that India recorded 3 billion…

      Read More »
    Previous page Next page
    Back to top button

    Notice: ob_end_flush(): Failed to send buffer of zlib output compression (0) in /home4/eveningd/public_html/wp-includes/functions.php on line 5481