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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

    • Jan- 2025 -
      11 January
      240

      Breather for online gaming firms as SC stays GST notices worth over Rs 1 lakh cr

      GST authorities had last October issued showcause notices to e-gaming companies for tax evasion New Delhi: The Supreme Court on Friday stayed showcause notices issued by GST authorities worth over Rs 1 lakh crore to online gaming companies and casinos over alleged tax evasion. A bench of Justices J B Pardiwala and R Mahadevan said the matters required hearing and all proceedings against the gaming companies should remain stayed in the meantime. Additional solicitor general N Venkataraman, representing the GST department, said some showcause notices would come to an end in February. The matter was posted on March 18. GST authorities in October 2023 issued showcause notices to online gaming companies for tax evasion. The government amended the GST law, making it mandatory…

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    • 11 January
      259

      Games24x7’s accelerator programme fosters technology innovation, entrepreneurship

      TechXpedite received a good response with more than 330 startups applying across three focus categories: gaming, AI, and impact-driven inclusive technology. From this pool, 17 startups were selected for an intensive accelerator programme Hyderabad: Games24x7, on Friday, announced the cohort for its ongoing accelerator programme, TechXpedite, featuring 17 startups from across the country including two from Hyderabad. The programme is aimed at fostering entrepreneurship and technological innovation in India’s rapidly growing startup ecosystem. TechXpedite received a good response with more than 330 startups applying across three focus categories: gaming, AI, and impact-driven inclusive technology. From this pool, 17 startups were selected for an intensive accelerator programme. The selected startups will now participate in a structured mentorship programme where they will interact with industry leaders, venture capitalists, and domain experts to address challenges and refine their products and solutions. The programme…

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    • 10 January
      251

      TCS employee base dips by 5,000, Q3 net profit jumps to Rs 12,380 cr

      The company reported a net profit of Rs 11,058 crore in the year-ago period and Rs 11,909 crore for the preceding September quarter. The company’s revenue grew 5.6 per cent to Rs 63,973 crore against Rs 60,583 crore in the year-ago period Mumbai: India’s largest IT services company Tata Consultancy Services (TCS) on Thursday reported an 11.95 per cent jump in its December quarter net profit to Rs 12,380 crore. The Tata Group company had reported a net profit of Rs 11,058 crore in the year-ago period and Rs 11,909 crore for the preceding September quarter. The company’s revenue grew 5.6 per cent to Rs 63,973 crore against Rs 60,583 crore in the year-ago period. However, it was down from Rs…

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    • 10 January
      256

      Eli Lilly and Company to set-up global capability centre in Hyderabad, to recruit over 1,000 skilled workers

      The company said that it would be recruiting more than a 1,000 highly-skilled team members to strengthen its digital strategy and service delivery Hyderabad: Eli Lilly and Company on Thursday announced plans to establish a new global capability centre in Hyderabad, India. The company said that it would be recruiting more than a 1,000 highly-skilled team members to strengthen its digital strategy and service delivery. The Hyderabad centre will be known as Lilly Capability Centre India (LCCI) Hyderabad and will initially focus on expanding Lilly’s capabilities in automation, artificial intelligence, software product engineering and cloud computing to deliver advanced technology solutions that meet the evolving needs of Lilly’s business worldwide. LCCI Hyderabad will be Lilly’s second capability centre in India, following…

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    • 10 January
      258

      Gold price rises by Rs 300 to touch Rs 80,300 per 10 gms, Silver touches Rs 93,000 per kg

      investors are turning to precious metals for stability as a result of increased market volatility brought on by elevated geopolitical tensions, New Delhi:  Gold price climbed Rs 300 for a third consecutive day to touch the high of Rs 80,300 per 10 grams in the national capital on Thursday amid strong global cues, according to the All India Sarafa Association. Traders said the precious metal surged, following news that People’s Bank of China (PBoC) increased its reserves for the second consecutive month. In the previous session, the yellow metal of 99.9 per cent purity ended at Rs 80,000 per 10 grams. The price of gold of 99.5 per cent purity rose Rs 300 to Rs 79,900 per 10 grams on Thursday.…

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    • 10 January
      229

      Bajaj launches 2025 upgrade of Pulsar RS200

      The newly-launched RS200 is equipped with a 199.5 cc, fuel-injected, single-spark, 4-valve engine that delivers a thrilling 24.5 PS at 9750 rpm and 18.7 Nm of torque at 8000 rpm Pune: Bajaj Auto has on Thursday launched the highly anticipated 2025 Pulsar RS200, an update to one of the most iconic motorcycles in the Pulsar lineup. Originally introduced in 2015, the Pulsar RS200 quickly became a favorite among biking enthusiasts, earning a loyal fan base. According to a press release the newly-launched RS200 is equipped with a 199.5 cc, fuel-injected, single-spark, 4-valve engine that delivers a thrilling 24.5 PS at 9750 rpm and 18.7 Nm of torque at 8000 rpm. It features advanced liquid cooling, helping the engine maintain consistent performance.…

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    • 10 January
      241

      ISB, Samhita-CGF prorgamme empowers 500 aspiring rural women entrepreneurs

      Three-month initiative has trained business women across five States — Madhya Pradesh, Uttar Pradesh, Delhi, Gujarat and Maharashtra Hyderabad: The Indian School of Business (ISB) Executive Education, in collaboration with Samhita-CGF, announced the successful completion of its pilot Women’s Entrepreneurship Development Programme for 2023-2024. The three-month initiative, aimed at empowering rural women entrepreneurs, has trained 500 aspiring business women across five States: Madhya Pradesh, Uttar Pradesh, Delhi, Gujarat and Maharashtra. Building on the programme’s success, the current cohort of 550 women is being trained across seven blocks in Uttarakhand, according to a press release. ISB Executive Education and Digital Learning executive director Sujatha Kumaraswamy said the partnership with Samhita-CGF marks a significant step towards empowering aspiring women entrepreneurs in rural areas and providing them…

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    • 9 January
      217

      GMR Group gets Rs 6,300 cr investment from Abu Dhabi Investment Authority

      Funds to help in reducing the debt of promoter group entity GMR Enterprises Pvt Ltd New Delhi: GMR Group has received Rs 6,300 crore investment from Abu Dhabi’s sovereign wealth fund ADIA and the funds will help in reducing the debt of promoter group entity GMR Enterprises Pvt Ltd (GEPL). In October last year, the group had announced securing Rs 6,300 crore debt funding from the Abu Dhabi Investment Authority (ADIA). GMR Infra Enterprises Pvt Ltd (GIEPL) has received the amount towards the allotment of Optionally Convertible Debentures (OCDs) on January 7, according to a regulatory filing. The company is a wholly-owned subsidiary of GEPL, a promoter group entity controlled by G M Rao. GEPL is the promoter of GMR Airports…

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    • 9 January
      232

      Brigade bets big on Hyderabad, to invest around Rs 4,500 crore

      Company plans to build a 10-acre housing, commercial project with a focus on luxury homes and premium office-retail spaces Hyderabad: Realty firm Brigade Enterprises Ltd will invest around Rs 4,500 crore to develop an integrated 10-acre housing and commercial project in Hyderabad to expand the business to encash strong demand for luxury homes and premium office-retail spaces. Bengaluru-based Brigade Enterprises launched its new mixed-use project ‘Brigade Gateway’ on Wednesday at Neopolis Kokapet, Hyderabad. “We will develop a 45 lakh square feet mixed-use project in Hyderabad, of which around 25 lakh square feet will be luxury homes,” the company’s Executive Director Amar Mysore told PTI. Asked about project cost, he said the total investment in land and construction will be around Rs…

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    • 9 January
      244

      Microsoft joins hands with India, to skill 5 lakh people by 2026 under India AI Mission

      The MoU with India AI aims to leverage AI to drive innovation, enhance productivity, and foster inclusive growth across the country New Delhi: Microsoft Chairman and CEO Satya Nadella here on Wednesday announced several AI partnerships in the country, which includes an MoU with the government’s ‘India AI Mission’ to skill 5 lakh people. The MoU with India AI, a division of Digital India Corporation, aims to leverage AI to drive innovation, enhance productivity, and foster inclusive growth across the country. As part of the MOU, Microsoft and India AI together will skill 500,000 individuals, including students, educators, developers, government officials, and women entrepreneurs, by 2026. They will also establish an AI Center of Excellence, called ‘AI Catalysts’, to promote rural AI…

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