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 -
      17 January
      316

      Jio Platforms joins hands with Polygon Labs to debut in Web3 technology

      Web3 technology is built on blockchain technology that enables access and control of a technology platform from multiple points. It also gives users control over their data New Delhi: Jio Platforms Ltd has partnered with Polygon Labs, the developer arm of Polygon Protocols, for its debut in Web3 technology in India, Polygon Labs said on Thursday. Under the partnership, Jio Platforms plans to add Web3 capabilities to some of its existing applications and services, owned and operated by the RIL Group firm, for its over 450 million customers. “Joining forces with Polygon Labs marks a significant milestone in Jio’s journey towards digital excellence. We are excited to explore the boundless possibilities of Web3 and bring unparalleled digital experiences to our users,” JPL CEO…

      Read More »
    • 17 January
      298

      HDFC Life shares soar nearly 12 pc after December quarter earnings

      Shares of HDFC Life jumped nearly 12 per cent after the firm reported a 14 per cent rise in net profit to Rs 415 crore in the December quarter. The stock surged 11.15 per cent to Rs 660.55 on the BSE. At the NSE, it soared 11.67 per cent to Rs 663.60 New Delhi: Shares of HDFC Life on Thursday jumped nearly 12 per cent after the firm reported a 14 per cent rise in net profit to Rs 415 crore in the December quarter. The stock surged 11.15 per cent to Rs 660.55 on the BSE. At the NSE, it soared 11.67 per cent to Rs 663.60. The private sector insurer’s profit stood at Rs 365 crore in the year-ago period, HDFC Life said…

      Read More »
    • 17 January
      264

      The Adani-Hindenburg saga

      The scuffle between Hindenburg and Adani Group started when the US investment research company released a report titled ‘Adani group: How The World’s 3rd Richest Man Is Pulling The Largest Con In Corporate History’ on January 25, 2023 Hyderabad: The scuffle between Hindenburg and Adani Group started when the US investment research company released a report titled ‘Adani group: How The World’s 3rd Richest Man Is Pulling The Largest Con In Corporate History’ on January 25, 2023. Here’s a recap of the time-line what happened Jan, 2023: In it 106-page report, the short-seller alleged that the conglomerate was “engaged in a brazen stock manipulation and accounting fraud scheme over the course of decades.” The report came just days before the Gautam-Adani led Adani Enterprises was…

      Read More »
    • 17 January
      269

      NCLAT admits Meta, WhatsApp pleas against CCI’s Rs 213-cr penalty

      Last November, Competition Commission of India had imposed a penalty of Rs 213.14 crore on Meta for unfair business ways with respect to WhatsApp privacy policy update done in 2021 New Delhi: Appellate tribunal NCLAT on Thursday admitted the petitions filed by Meta Platforms and Whatsapp against an order passed by fair trade regulator CCI which imposed a penalty of Rs 213.14 crore for abuse of market dominance. After hearing the initial submission from Meta and CCI on the issue, a two-member bench of the National Company Law Appellate Tribunal (NCLAT) said the issue requires consideration. “We find that the submission raised by the parties needs consideration. We admit both the appeals,” said the NCLAT bench which also comprised its Chairperson Justice Ashok Bhushan.…

      Read More »
    • 17 January
      284

      Opinion: Let’s live, not live to work, Mr Subrahmanyan

      Corporate bosses must know that increasing working hours will not lead to an increase in productivity By Samudrala VK At a time when economic inequality has become an indispensable issue that the modern-economic world is trying to address, the 90-hour work-week remark of Larsen & Toubro (L&T) Chairman SN Subrahmanyan brought to the fore the discussion not just about the work-life balance in the age of neoliberalism but also the dark side of the corporate world. Moreover, his ‘staring at wives and vice-versa’ statement not only reflects the perception of the business class towards human relations but also serves as a testimony of falling standards in India’s corporate world. It is important to remember that the statement cannot be seen…

      Read More »
    • 16 January
      245

      Space tech startup OrbitAID raises $1.5 million

      Chennai-based company to use the funds for in-space demonstration of docking and refuelling operations Hyderabad: Space tech startup OrbitAID has raised $1.5 million (around Rs 12.88 crore) in a pre-seed round led by Unicorn India Ventures. The round also saw participation from TANSIM (Government of Tamil Nadu). Chennai-based OrbitAID plans to use the funds to conduct an in-space demonstration of docking and refuelling operations, expand facilities for on-orbit servicing operations, advance SIDRP (Standard Interface Docking and Refuelling Port) to commercial readiness and scale team capabilities to align with upcoming projects, a company release said. Founded in 2021 by Sakthikumar R, Nikhil Balasubramanian and Mano Balaji K, OrbitAID is focused on advancing sustainable space operations through innovative on-orbit refueling solutions. It aims to increase…

      Read More »
    • 16 January
      239

      Network18 Media incurs Rs 1,425 crore net loss in Q3

      Results not comparable with the year-ago period due to merger of subsidiary Viacom18 with Star India, says company New Delhi: Network18 Media & Investments Ltd has reported a loss of Rs 1,400 crore in the December quarter while its revenue from operations was Rs 1,360.50 crore, which is not comparable with the year-ago period due to the merger of its subsidiary Viacom18 with Star India. It reported a Rs 25.68 crore profit before exceptional items. However, on a consolidated basis, it faced a loss of Rs 1,425.73 crore, due to the derecognition of its subsidiaries, which has been accounted on a provisional basis during the quarter. “Accordingly, the figures for the corresponding previous periods are not comparable,” it said. On a standalone basis,…

      Read More »
    • 16 January
      257

      Editorial: Realising semiconductor dream

      India lacks a robust and integrated supply chain for the semiconductor industry, which involves the availability of raw materials, equipment, components, testing facilities and skilled manpower Though India aspires to be a global leader in the semiconductor sector, there are several challenges ahead and many lessons to be learnt from international experiences. Most important among them is that India lacks a robust and integrated supply chain for the semiconductor industry, which involves the availability of raw materials, equipment, components, testing facilities and skilled manpower. The complexity and capital intensity of semiconductor manufacturing is a major barrier, with a new fab costing over $1 billion to build. Setting up fabrication plants requires cutting-edge technologies, sophisticated materials and a meticulous production process. India has a shortage…

      Read More »
    • 16 January
      231

      What happens if you miss the Jan 15 deadline for filing ITR?

      If a person misses the extended deadline also because of genuine reasons then s/he can ask the Income Tax authorities to excuse the delay. But, if done wilfully, the taxpayer has to face penalties Hyderabad: Missed the July 31 deadline for filing Income Tax Return (ITR)? You can still file a belated return on or before December 31 of the relevant assessment year. Every year, the Income Tax Department extends the deadline. This time, the department extended the  deadline for ITR filing for financial year 2023-24 till January 15, 2025. But what if you missed this deadline too? Here is what you can expect • If you missed the Jan 15 deadline because of genuine reasons, then you can ask the Income Tax authorities to…

      Read More »
    • 16 January
      249

      Germany’s economy shrinks again in 2024

      Germany’s Federal Statistical Office says the GDP contracted by 0.2 per cent in 2024 following a decline in 2023 Berlin: The German economy, Europe’s biggest, shrank for the second consecutive year in 2024, according to preliminary official figures released Wednesday weeks before an election in which the economy is the top issue. The Federal Statistical Office said that gross domestic product contracted by 0.2 per cent last year following a decline in 2023. The German economy has been battered by external shocks and homegrown problems, including red tape and a shortage of skilled labour, and politicians have been at odds over how to fix it. Chancellor Olaf Scholz’s three-party coalition government collapsed in November when Scholz fired his finance minister in a dispute over how to revitalise the economy.…

      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