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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 -
      21 February
      220

      Punjab National Bank reduces interest rate on retail loans

      The revised rates apply to home loans, car loans, education and personal loans, among others New Delhi: State-owned Punjab National Bank (PNB) on Thursday, February 20, announced reduction in interest rates by up to 25 basis points on retail loans, including housing and auto loans, following the RBI rate cut. The revised rates apply to a wide range of products, including home loans, car loans, education and personal loans, ensuring that customers continue to receive diverse financing options, PNB said in a statement. After a gap of five years, the Reserve Bank of India (RBI) reduced the repo rate, the rate at which banks borrow from the central bank, by 25 basis points to 6.25 per cent on February 7. Following…

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    • 21 February
      194

      Telangana’s finances in freefall under Congress rule; revenues plummet, debts balloon, borrowing turns reckless

      Alarming shortfall indicates Revanth Reddy government’s inability to generate funds, even as public expenditure continues unchecked Hyderabad: Telangana’s financial condition under the Congress government has taken a sharp downturn, with plummeting revenues, ballooning debts and reckless borrowing creating severe economic imbalance. The State’s revenue receipts stand at Rs 1,23,815 crore, a mere 55.96 per cent of the Budget estimates and a sharp decline from 63.20 per cent recorded during the same period last year. This alarming shortfall indicates the Congress government’s inability to generate funds, even as public expenditure continues unchecked. Official data for the 2024-25 financial year up to January this year paints a bleak picture, exposing the government’s failure to manage resources effectively. The State, which was ranked second in State Own Tax Revenue (SOTR) collections in…

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    • 20 February
      224

      HYDRAA demolishes wall blocking Dalits’ access to colony in Hyderabad’s Shamirpet

      The boundary wall constructed by Tirumala Colony Ventures in Devaryamjal was demolished by HYDRAA on Wednesday, February 19. Hyderabad: Devarayamjal’s Dalits saw an end to their four-decade-long struggle to have a road to reach their houses, as the Hyderabad Disaster Response Assets Monitoring and Protection Agency’s (HYDRAA) Disaster Response Force (DRF) team demolished the boundary constructed by a realtor in 1985, that had closed all entry and exit points to reach their colony. The operation took place in Devarayamjal village of Thumkunta municipality in Shamirpet mandal of Medchal-Malkajgiri district on Wednesday, 19 February, where the boundary wall constructed by Tirumala Colony Ventures was demolished by HYDRAA. The Dalits, who had complained about HYDRAA’s Prajavani programme on 17 February, informed the agency…

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    • 20 February
      243

      After outcry over layoffs of freshers, Infosys defers internal assessments for trainees

      The company last week laid off over 300 freshers who underwent foundational training at its Mysuru campus but could not clear internal assessments after three attempts Hyderabad: IT major Infosys has postponed internal assessments scheduled for trainees by a week. The move comes close on the heels of an outcry over recent layoffs of freshers on its Mysuru campus. it had last week laid off over 300 freshers who underwent foundational training at its Mysuru campus but could not clear internal assessments after three attempts. The Bengaluru-headquartered company has, however, asserted that the deferment is aimed at giving them additional time for preparation. IT employee union Nascent Information Technology Employees Senate (NITES), claimed that the assessment meant for 800 trainees was postponed due…

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    • 20 February
      209

      Hexaware Tech shares list with over 5 per cent premium

      The Rs 8,750-crore initial share sale had a price band of Rs 674-708 per share New Delhi: Shares of Hexaware Technologies Ltd on Wednesday listed with a premium of over 5 per cent against the issue price of Rs 708. The stock began the trade at Rs 731, a premium of 3.24 per cent from the issue price on the BSE. Later, it jumped 10.16 per cent to Rs 780. At the NSE, it listed at Rs 745.50, rallying 5.29 per cent. The company’s market valuation stood at Rs 46,127.06 crore. The initial public offering of Hexaware Technologies Ltd got fully subscribed on the last day of bidding on Friday, ending with 2.66 times subscription, on institutional buyers support. The Rs 8,750-crore initial share…

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    • 20 February
      217

      Salary hikes in 2025 will be less than last year, says report

      Manufacturing and global capability centres likely to have the highest pay increases, according to Aon’s annual ‘Salary Increase and Turnover Survey 2024-25 India’ New Delhi: Salaries in India are projected to rise by 9.2 per cent in 2025, and manufacturing sector and global capability centres (GCCs) are likely to have the highest pay increases, according to a new report on Wednesday, Febraury 19. This is a slight decline from the increase of 9.3 per cent in 2024, amid the ongoing global uncertainty and softening growth. Salary increments in the country are expected to stabilise in 2025, according to Aon’s annual ‘Salary Increase and Turnover Survey 2024-25 India’. The slight decline in India indicates a trend of declining salary increments since 2022 when companies provided 10.6…

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    • 20 February
      441

      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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    • 19 February
      281

      India, Qatar ink MoUs to strengthen economic ties

      The Minister stated that India and Qatar complement each other and can work together for prosperity and a better future. New Delhi: Commerce and Industry Minister Piyush Goyal announced on Tuesday that two MoUs have been signed between the Qatari Businessmen Association (QBA) and Confederation of Indian Industry (CII) and another between Invest Qatar and Invest India. The Minister also announced the elevation of the Joint Working Group on Trade and Commerce to the Ministerial level. Speaking at the inaugural session of the India–Qatar Business Forum here, Goyal highlighted that the future partnership between the two countries will rest on the pillars of sustainability, technology, entrepreneurship and energy. His Qatari counterpart Sheikh Faisal bin Thani bin Faisal Al Thani was the Guest of…

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    • 19 February
      210

      Samsung decides to cancel over USD 2 billion worth of treasury stocks

      Around 50.1 million common stocks and 6.9 million preferred shares will be retired, according to the company in a regulatory filing. Seoul: Samsung Electronics said on Tuesday it has decided to cancel 3 trillion won ($2.01 billion) worth of treasury stocks as part of its buyback plan to enhance shareholder value. Around 50.1 million common stocks and 6.9 million preferred shares will be retired, according to the company in a regulatory filing. Samsung Electronics said the cancellation follows the decision made at a board meeting in November to repurchase its own shares worth a combined 10 trillion won over the ensuing year, reports Yonhap news agency. As a first step, it said it was planning to buy back 3 trillion won of shares within…

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    • 19 February
      231

      Musk’s Tesla is hiring for these positions in India

      The company has advertised for 13 positions, including customer-facing and back-end positions, according to its website Hyderabad: Days after Indian Prime Minister Narendra Modi met with SpaceX CEO Elon Musk during his visit to the US to meet President Donald Trump, Tesla Inc, announced its hiring plans in India. The company plans to fill 13 positions, including customer-facing and back-end positions, according to its website. The available positions, all based in Mumbai, are full time, except Delivery Operations Specialist. which is part time. The posts are: Service Advisor Parts Advisor Service Technician Service Manager Tesla Advisor Store Manager Business Operations Analyst Customer Support Supervisor Customer Support Specialist Delivery Operations Specialist Order Operations Specialist Inside Sales Advisor Consumer Engagement Manager Check here for details: https://www.tesla.com/careers/search/?site=IN At a joint…

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