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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 -
      1 February
      252

      Economic Survey 2024-25 reaffirms Telangana’s growth under BRS regime

      Highlights State’s leadership in revenue generation, infrastructure development, IT growth, irrigation, women’s entrepreneurship, proving the strong governance under former Chief Minister K Chandrashekhar Rao Hyderabad: The Economic Survey 2024-25 has reaffirmed Telangana‘s exceptional economic and developmental progress under the BRS regime, debunking allegations by the ruling Congress that the previous government had left the State in financial shambles. The report highlights Telangana’s leadership in revenue generation, infrastructure development, IT growth, irrigation and women’s entrepreneurship, proving the strong governance under former Chief Minister K Chandrashekhar Rao. Telangana has emerged as the top-performing State in revenue generation among 15 major Indian States. The State Own Tax Revenue (SOTR) accounts for 88 per cent of Telangana’s total revenue, the highest in India. This means Telangana was largely self-reliant…

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    • 1 February
      224

      Embrace deregulation to let businesses prosper, says Chief Economic Advisor

      Economic Survey 2024-25 advises Union and State governments to stop micromanaging economic activity, embrace risk-based regulations New Delhi: Give entrepreneurs and households back their time and mental bandwidth, Chief Economic Advisor V Anantha Nageswaran said while making a strong case for significant roll back of regulations both by the Union and State governments. In the Preface of the Economic Survey 2024-25, he said, “Getting out of the way” and allowing businesses to focus on their core mission is a significant contribution that governments around the country can make to foster innovation and enhance competitiveness. “The most effective policies governments – Union and States – in the country can embrace is to give entrepreneurs and households back their time and mental bandwidth. That means rolling back…

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    • Jan- 2025 -
      31 January
      237

      Why Tata Motors shares plunged 9 per cent

      Decline in revenue from passenger and commercial vehicles divisions impacted Tata Motors profit which fell 22 per cent to Rs 5,578 crore Tata Motors shares plunged 9 per cent on the BSE on Thursday, January 30, after the company’s reported a 22 per cent fall in consolidated net profit to Rs 5,578 crore for the third quarter ended December 2024. The shares hit a new 52-week low of Rs Rs 684.25 The company had posted a consolidated net profit of Rs 7,145 crore in the same quarter last fiscal, Tata Motors said in a regulatory filing. Shares of Tata Motors were trading at Rs 702 (−50.50) down 6.71% on the BSE at 10:51 am on January 30. The profit was impacted by a…

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    • 31 January
      237

      Maruti’s Made in India ‘Jimny’ five-door debuts in Japan

      The Jimmy five-door model has become the second SUV after Fronx to be supplied to the home market of Suzuki Motor Corporation in FY 2024-25 New Delhi: Maruti Suzuki India on Thursday said the locally manufactured Jimny five-door model has made its debut in the Japanese market. The SUV, which is exclusively manufactured at Maruti Suzuki’s Gurugram-based plant, was unveiled in Japan on Thursday. The Jimmy five-door model has become the second SUV after Fronx to be supplied to the home market of Suzuki Motor Corporation in FY 2024-25. “The introduction of the Made in India Jimny 5-door in Japan is a testament to the global level of excellence in our manufacturing capability,” Maruti Suzuki India MD and CEO Hisashi Takeuchi said…

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    • 31 January
      259

      Watch: Tesla cars successfully drive without supervision to loading docks, marking major milestone in FSD technology

      Tesla AI released a video showing the vehicles autonomously navigating a 1.2-mile route at the company’s Fremont factory in California. The cars effortlessly moved through the factory grounds, passing Supercharger stations and halting at designated stop signs. A notable moment highlighted a Tesla vehicle yielding to a forklift, showcasing its capacity to adapt to real-world situations. Hyderabad: Elon Musk has declared that Tesla has achieved a big leap in the full self-driving FSD technology from Tesla. Recently, on Twitter, referring to the video posted by Tesla AI, Musk declared, “Unsupervised full self-driving begins.” The video showed Tesla electric vehicles driving themselves from the Fremont, California, factory to the loading docks, an important step toward achieving unsupervised FSD on a large scale.…

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    • 31 January
      234

      Nothing announces date for Phone (3a) series launch, details inside

      Announcing that the 3(a) series will be launching on March 4 in a post made on X, the company shared a short video clip which shows glimpses of the phone. Hyderabad: Smartphone maker Nothing on Thursday, announced the launch date of the much-awaited Phone (3a) series. Announcing that the 3(a) series will be launching on March 4 in a post made on X, the company shared a short video clip which shows glimpses of the phone. The choice of launch by the company comes as a surprise, as it has decided to bring out the 3(a) series including a base variant and a Pro variant, ahead of the 3 series. With (a) in the name possibly suggesting an affordable variant,  this…

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    • 31 January
      234

      Indian servers to soon host Chinese AI platform DeepSeek, says IT Minister Ashwini Vaishnaw

      Says teams have worked out nitty-gritty — details of how many servers are required, how much capacity would be needed New Delhi: The Centre on Thursday said DeepSeek, an open-source model, will soon be hosted on Indian servers to address data security and privacy concerns over the Chinese AI platform. Chinese company DeepSeek made headlines after its AI model R1 overtook ChatGPT as the top-ranked free app on Apple‘s Appstore, challenging the AI dominance concentrated so far with the US firms, particularly Silicon Valley frontrunner Open AI. AI chipmaker and Wall Street superstar Nvidia shed $590 billion in market capitalisation on Monday, suffering the single greatest one-day value wipeout of any firm in history. Critics, however, have raised concerns about data security and privacy as DeepSeek is based…

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    • 31 January
      186

      Finance Minister Sitharaman to present Economic Survey at 12 noon

      The presentation of the Economic Survey which details the current state of the economy, will kickstart the Budget Session of Parliament New Delhi: The Economic Survey, a pre-budget document detailing the state of the economy over the last fiscal year, will be presented in Parliament at 12 pm on Friday by Finance Minister Nirmala Sitharaman. The presentation comes a day before the much-anticipated arrival of the Union Budget 2025-26. The survey will be tabled in Lok Sabha at 12 pm and in Rajya Sabha at 2 pm. The Economic Survey is prepared under the supervision of the Chief Economic Advisor V Anantha Nageswaran and includes insights into the economy prepared by the economic division of the Department of Economic Affairs in…

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    • 30 January
      220

      Mindspace REIT acquires commercial space in Hyderabad for Rs 2,038 crore

      Mindspace REIT has bought 18.2 lakh sq ft commercial area at Raidurg in Hyderabad New Delhi: Realty firm Mindspace Business Parks REIT has acquired 18.2 lakh sq ft commercial area in Hyderabad for Rs 2,038 crore to expand its rent-yielding portfolio. Mindspace REIT, which is listed on stock exchanges, will acquire 100 per cent equity of Sustain Properties Pvt Ltd, which owns this 18 lakh square feet area. The shareholders of Sustain Properties will be allotted units in Mindspace REIT as consideration. In a regulatory filing, Mindspace REIT informed that the board has approved “acquisition of 100 per cent equity shareholding of Sustain Properties holding about 1.82 million (18.2 lakh) square feet of leasable area at Commerzone Raidurg, located at Raidurg, Hyderabad.…

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    • 30 January
      222

      Tata Steel becomes India’s first to develop hydrogen transport pipes

      The National Hydrogen Mission will enable India to build capabilities to produce at least 5 million metric tonnes (MMT) of Green Hydrogen per annum by 2030 Ranchi: Tata Steel on Wednesday claimed that it has become India’s first steel company to develop pipes for hydrogen transportation, marking a significant milestone in the country’s hydrogen mission. The pipes, processed at Tata Steel’s Khopoli plant using steel manufactured at its Kalinganagar plant, have successfully met all the critical properties required for hydrogen transportation, the company said in a statement. The complete technology development, from designing and manufacturing hot-rolled steel to producing the pipes, was done entirely in-house, demonstrating Tata Steel’s ability to deliver critical energy infrastructure. In 2024, Tata Steel became the first…

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