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

    • Jan- 2025 -
      25 January
      321

      Bank of Japan raises interest rate, highest in 17 years

      Recent data show Japanese workers are gaining better wages and are generally set to receive solid pay raises in their upcoming annual union negotiations TOKYO: The Bank of Japan (BoJ) raised its key interest rate to about 0.5% from 0.25% on Friday, January 24, noting that inflation is holding at a desirable target level. The rate was increased for the first time in 17 years in March last year, ending its negative interest rate policy, which amounts to negative borrowing rates. BOJ Governor Kazuo Ueda, set to speak to reporters later in the day, repeatedly indicated the move was coming. Government data released hours before the decision showed consumer prices, excluding volatile food prices, rose last year at an average…

      Read More »
    • 25 January
      338

      Key trends to look out for in Data Centres in India

      Mumbai, Chennai are preferred markets for setting up large data centre campuses with capacities of over 100MW. Hyderabad too will see significant hyperscaler capacity development in the next few years By Devi Shankar India’s data centre market continues to grow robustly, with the total capacity projected to rise to 2 GW by 2026. There is nearly 525 MW capacity under various phases of construction across top cities like Mumbai, Chennai, Hyderabad and Bengaluru. Cloud computing, technology advancements, 5G rollouts and the digitalisation of BFSI continue to be the growth drivers with artificial intelligence (AI) workloads to ramp this demand up further. These growth drivers are projected to push the India data centre market value to USD 11.6 billion by 2032.…

      Read More »
    • 25 January
      376

      Hyderabad-based pharma major Dr Reddy’s Laboratories shares down 5% on Q3 earnings

      Market valuation eroded by Rs 5,399.33 crore to Rs 1,02,187.12 crore New Delhi: Shares of Dr Reddy’s Laboratories on Friday ended 5 per cent lower after the company’s third-quarter earnings failed to cheer investors. The stock tanked 5.01 per cent to settle at Rs 1,224.70 apiece on the BSE. During the day, it dropped 6.65 per cent to Rs 1,203.60. At the NSE, it slumped 4.90 per cent to Rs 1,226.20. Intra-day, the stock declined 6.66 per cent to Rs 1,203.50. Its market valuation eroded by Rs 5,399.33 crore to Rs 1,02,187.12 crore. In traded volume terms, 1.68 lakh shares of the firm were traded at the BSE and 70.82 lakh shares on the NSE during the day. Dr Reddy’s Laboratories on Thursday said…

      Read More »
    • 25 January
      308

      Italian luxury carmaker Lamborghini on top gear in India, clocks record sales in 2024

      Sales increased 10 per cent to 113 units in 2024 as compared with 2023 New Delhi: Italian super luxury automaker Automobili Lamborghini on Friday said its sales increased 10 per cent to 113 units last year as compared with 2023. The company said it was the company’s best-ever sales performance in India. Globally, the carmaker delivered a total of 10,687 cars last year, a 6 per cent growth over 2023, it added. “2024 was a year of continuous growth for Automobili Lamborghini, in line with the positive trend of the last several years: an accomplishment that reflects the increasingly strong bond we have with our customers and the growing interest in our brand shown by new generations,” Automobili Lamborghini Chairman and CEO Stephan Winkelmann said. In a period of transformation, the automaker has introduced models that earned the seal of approval, he added. The results highlight…

      Read More »
    • 25 January
      332

      Watchout! Pesticide residue in Patanjali red chilli powder, product recalled

      Product sample when tested by FSSAI were found not conforming to the maximum permitted limit of pesticide residue New Delhi: Patanjali Foods Ltd has recalled 4 tonnes of red chilli powder from markets following the direction from food regulator FSSAI. The Food Safety and Standards Authority of India (FSSAI) asked Patanjali Foods to recall a specified batch of packed red chilli powder due to non-conformity with food safety norms. “Patanjali Foods has recalled small batch of 4 tonnes of ‘Red Chilli Powder (200 gram pack),” the company’s CEO Sanjeev Asthana said in a statement. “The product sample when tested were found not conforming to the maximum permitted limit of pesticide residue. The FSSAI sets Maximum Residue Limits (MRLs) for pesticide residue for…

      Read More »
    • 24 January
      247

      2025-26 Telangana Budget consultations to start after Sankranti

      Consultations aim to align allocations with Congress government’s welfare and development priorities while addressing fiscal constraints Hyderabad: With just a few weeks left for the 2025-26 Budget presentation, the Telangana government has expedited the process to formulate the State Budget estimates. Deputy Chief Minister and Finance Minister Mallu Bhatti Vikramarka is set to commence department-wise meetings along with the Ministers concerned next week to finalise the proposals submitted by various departments. The Budget proposals for 2025-26 and revised estimates for 2024-25 have already been uploaded to the Finance Department’s online portal, following directives issued earlier this month. The consultations, slated to start after Sankranti, aim to align allocations with the Congress government’s welfare and development priorities while addressing fiscal constraints. The Budget proposals will be refined…

      Read More »
    • 24 January
      221

      Parliament Budget session from January 31 to April 4

      Session to start with President Droupadi Murmu’s address to joint sitting of Lok Sabha and Rajya Sabha on January 31 followed by tabling of economic survey New Delhi: Parliament’s Budget Session will be held from January 31 to April 4, with Finance Minister Nirmala Sitharaman set to table her eighth straight Budget on February 1. In line with the convention, the session will start with President Droupadi Murmu‘s address to a joint sitting of the Lok Sabha and Rajya Sabha on January 31 followed by the tabling of the economic survey. “The Hon’ble President will address the joint sitting of both Houses on 31st January 2025 at 1100 Hrs in the Lok Sabha Chamber. Union Budget 2025-26 to be presented on 1st February, 2025 in the Lok Sabha,” Parliamentary Affairs…

      Read More »
    • 24 January
      202

      When did Stargate start, the AI project that has reignited rivalry between Musk and Altman

      OpenAI, Oracle and SoftBank have come together for this USD 500 billion project announced by US President Donald Trump Hyderabad: The feud between the two tech billionaires Elon Musk and Sam Altman that started on OpenAI’s board has reignited. This time the two are exchanging barbs over the Stargate artificial intelligence infrastructure project, backed by President Donald Trump. “The largest AI infrastructure project in history with an investment of $500 billion” was announced by Trump on Jan 21. Sam Altman of OpenAI, the maker of ChatGPT, along with Oracle’s Larry Ellison and SoftBank’s Masayoshi Son have come together for this project. The initial investment will be $100 billion. But the Tesla CEO, a close Trump adviser, questioned the value of the investment hours…

      Read More »
    • 24 January
      220

      Budget must focus on structural reforms to promote job creation: Former RBI Governor Subbarao

      This is the first full Budget of the NDA-III government and it must use its enormous political capital to implement politically difficult structural reforms, says the former RBI Governor New Delhi: The NDA 3.0 government must use its enormous political capital to implement ‘politically difficult’ structural reforms in the upcoming Budget to promote growth and job creation, former RBI Governor D Subbarao said on Thursday. The Union Budget for 2025-26, to be presented by Finance Minister Nirmala Sitharaman on February 1, comes amid global economic uncertainties and moderating domestic growth. “This is the first full Budget of the NDA-III government and it must use its enormous political capital to implement politically difficult structural reforms,” Subbarao told PTI in an interview. Further, he said…

      Read More »
    • 24 January
      210

      Rupee rises 18 paise to 86.26 against US dollar in early trade

      Upcoming Union Budget to play a crucial role in shaping market sentiment and the rupee’s trajectory, say traders Mumbai: Rupee appreciated 18 paise to 86.26 against the US dollar in morning trade on Friday, supported by positive domestic equities and soft American currency index. Forex traders said weak crude oil prices and positive domestic markets supported the local unit, while sustained foreign fund outflows weighed on the local unit. Traders further noted that the upcoming Union Budget will play a crucial role in shaping market sentiment and the rupee’s trajectory. At the interbank foreign exchange, the rupee opened at 86.31 and touched 86.26 against the US dollar, registering a rise of 18 paise from its previous close. The local unit also touched 86.33…

      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