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    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 -
      23 February
      348

      Accessing government data made easy

      By serving as a one-stop reference, the compendium enables users to explore the availability, scope, and accessibility of government datasets effortlessly New Delhi: As part of the ongoing modernisation of the National Statistical System, the government on Saturday said it has published the latest edition of the Compendium of Datasets and Registries in India, 2024 — a key initiative aimed at strengthening data accessibility and informed decision-making. The compendium ensures that government data is easily accessible to policymakers, researchers, academicians, students, analysts, businesses, and the general public. This comprehensive resource consolidates metadata for approximately 270 datasets and registries sourced from 40 ministries and departments of the government of India, covering sectors such as agriculture, health, education, labour, rural development, tourism, social…

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    • 23 February
      347

      Swiggy’s valuation takes a big hit as stock plunges

      The online food aggregator’s valuation, which soared past $16 billion or nearly Rs 1,32,800 crore in December 2024, has dropped to 50 per cent on NSE New Delhi: Swiggy, one of India’s leading food-tech companies, is facing a sharp decline in its market valuation which has plunged nearly 50 per cent from its peak. The online food aggregator’s valuation, which soared past $16 billion or nearly Rs 1,32,800 crore in December 2024, has dropped to $9.82 billion or Rs 81,527 crore on the National Stock Exchange (NSE). This is also a fall of over 30 per cent from its $12.7 billion listing valuation. Additionally, its stock also continues to face heavy selling pressure, trading 14.2 per cent below its listing price.…

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    • 23 February
      352

      Maha Kumbh 2025: NSE CEO Ashishkumar Chauhan says it is an exhilarating, divine experience

      Chauhan took the holy dip at Triveni Sangam, the confluence of the Ganga, and Yamuna, and the mythological Saraswati rivers, on Feb 22 New Delhi: Mahakumbh 2025 has been an exhilarating and divine experience, said Ashishkumar Chauhan, National Stock Exchange (NSE) MD and CEO, on Saturday. Chauhan took the holy dip at Triveni Sangam, the confluence of the Ganga, and Yamuna, and the mythological Saraswati rivers, today. ‘It was an exhilarating, divine experience. The holy dip was made possible only with the blessings of Lord Shiva,’ Chauhan said. He also lauded the arrangements made to facilitate the large gathering at the ongoing Mahakumbh, being held in Uttar Pradesh’s Prayagraj. ”Kudos to the Mahakumbh management teams as the whole journey till Triveni…

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    • 23 February
      384

      Meta to expand India operations, hire more for engineering and AI roles

      According to a job listing on Meta’s website, the company is hiring an engineering director who will be responsible for building a strong technical team in Bengaluru New Delhi: Global technology giant Meta is expanding its presence in India and would hire engineers and product specialists for artificial intelligence (AI) roles. Meta, the parent company of Facebook, has announced a new office in Bengaluru. With this move, Meta is following the path of other major tech giants like Microsoft, Google, and Amazon, which have already established strong engineering and product teams in Bengaluru and across India. According to a job listing on Meta’s website, the company is hiring an engineering director who will be responsible for building a strong technical team in Bengaluru. This role will play…

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    • 22 February
      214

      Harish Rao accepts Revanth Reddy’s challenge, calls for open debate on 14-month Congress rule

      The BRS MLA criticises Congress government over its failure to protect Telangana’s share of Krishna waters Hyderabad: Former Minister and senior BRS MLA T Harish Rao has thrown down the gauntlet to Chief Minister A Revanth Reddy, accepting his challenge for an open debate on the Congress government’s 14-month rule. He declared that he is ready for the discussion at any time and place of Revanth Reddy’s choosing – the latter’s Kodangal constituency, his residence or any other place. “Let’s debate on the six guarantees and all 420 guarantees of your government,” he dared, charging the Congress with misleading people. In a fiery rebuttal to Chief Minister Revanth Reddy’s remarks on Palamuru’s development, Harish Rao castigated the Congress government over its…

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    • 22 February
      209

      Advantage Tesla? India may tweak EV policy to attract electric vehicle makers

      While all eyes are on Elon Musk-run Tesla to make its entry into India, the government is expecting a good response from several automobile majors on the EV policy New Delhi: As Tesla prepares to enter India this year, the government is likely working on to modify the terms of a new policy that promotes manufacturing of electric vehicles (EVs) in the country. In a bid to attract the likes of Tesla, the tweaked EV policy may mandate carmakers to show a turnover of Rs 2,500 crore in the second year, as per sources. The Centre may also offer further import duty relief. The government is likely to start accepting applications after the updated EV policy is notified in mid-March. The approvals…

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    • 22 February
      233

      Google Pay introduces convenience fee; Know how much you need to pay

      The charges are imposed on bill payments such as electricity and gas bills made using the platform. The fee ranges from 0.5% to 1% plus GST Hyderabad: The widely used UPI platform Google Pay, popularly known as GPay, has begun charging convenience fees for certain payments made using credit and debit cards. The charges are imposed on bill payments such as electricity and gas bills made using the platform. The fee ranges from 0.5% to 1% plus GST. The UPI platform’s move came after other platforms such as PhonePe and Paytm had introduced the convenience fee for the same. Earlier the platform did not charge for low-value transactions. Though the sudden change has sparked debate, Google Pay’s website, however, specifies that the…

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    • 21 February
      242

      Telangana attracted investment proposals worth Rs 3.25 lakh crore in three years: Study

      Completed record proposals of nearly Rs 75,000 crore in just three financial years, according to MSME Export Promotion Council Hyderabad: A study by the MSME Export Promotion Council has found that Telangana attracted new investment proposals of Rs 3,25,110 crore and completed record proposals of nearly Rs 75,000 crore in just three financial years (2021-22 to 2023-24). During the period, the private sector announced new investment projects of Rs 62,500 crore and completed projects of Rs 7022 crore. In 2021-22, the new investment proposals where to the tune of Rs 85,087 crore, while in 2022-23 there was a significant increase and touched to Rs 1,33,102 crore and in 2023-24, this was Rs 1,06,921 crore, as per the latest information available with the Centre…

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    • 21 February
      272

      Trump plans to buy used planes to serve as Air Force One

      The United States President fumes over the US plane-maker Boeing’s delays in producing two specially modified ones for Presidential use  WASHINGTON: President Donald Trump said Wednesday he is considering buying used Boeing aircraft — perhaps from an overseas seller — to use as Air Force One when he’s aboard, as he fumes over the US plane-maker’s delays in producing two specially modified ones for Presidential use. Speaking to reporters aboard one of the two nearly 35-year-old Boeing 747-200 aircraft in current use, Trump said, “We’re looking at alternatives, because it’s taking Boeing too long.”“We may go and buy a plane,” Trump said, adding that he could then “convert it.” He later clarified that he was ruling out purchasing aircraft of Airbus,…

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    • 21 February
      210

      Why Trump does not want Musk to build Tesla factory in India

      ‘If he (Musk) built the factory in India, that’s okay, but that’s unfair to us. It’s very unfair,’ US President Donald Trump said in a recent interview Washington: US President Donald Trump has said if Elon Musk’s Tesla built a factory in India to avoid that country’s tariffs, it would be unfair to the US. Trump’s comments came amid moves by him to increase tariffs significantly. On February 13, hours before Prime Minister Narendra Modi’s bilateral meeting with Trump at the White House, the US President announced reciprocal tariffs. Trump in a recent interview with Fox News’ Sean Hannity said during their meeting he told Prime Minister Modi that India charges the highest tariffs in the world. Trump said it is “impossible” for Musk to…

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