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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 -
      7 January
      270

      Titan grows at 24% in Q3 amid strong festive demand

      Increased gold prices and wedding purchases aid growth New Delhi: Tata group firm Titan Company Ltd on Monday said it registered a year-on-year growth of 24 per cent on a standalone basis in the third quarter of the ongoing fiscal buoyed by strong festive demand, especially in the jewellery segment. The domestic jewellery segment grew 25 per cent Year-on-Year (YoY) buoyed by strong festive demand. Robust consumer traction during Diwali translated into high single-digit buyer growth along with double-digit ticket size growth, the company said in its quarterly update. Plain gold exhibited particularly strong momentum growing 24 per cent YoY benefiting from increased gold prices, and festive and wedding purchases, it added. Notably, gold coin sales grew 48 per cent YoY…

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    • 7 January
      256

      Centre mulls over mandatory silver hallmarking after consumer demand

      Pralhad Joshi asks BIS to evaluate the feasibility of mandatory silver hallmarking, following successful gold hallmarking implementation New Delhi: Food and Consumer Affairs Minister Pralhad Joshi on Monday asked the Bureau of Indian Standards (BIS) to consider implementing mandatory hallmarking for silver and silver artifacts following consumer demands. “There is a demand from consumers for mandatory hallmarking of silver. You (BIS) can deliberate and take a call,” Joshi said at the 78th BIS Foundation Day event.The work in this direction has already begun and the government will take a decision after completion of stakeholder consultations and feasibility assessment by BIS, the Minister told reporters on the sidelines of the event. “I have asked BIS to work out feasibility and take reactions…

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    • 7 January
      230

      PM Modi meets Nadella, hails Microsoft’s investment plans in India

      Investment will see Microsoft provide 2 million people with AI skilling opportunities by 2025 through its Advanta(I)ge India initiative New Delhi: Prime Minister Narendra Modi on Monday expressed happiness at Microsoft‘s ambitious expansion and investment plans in India following his meeting with the company’s chairman and CEO Satya Nadella. In a post on X, Prime Minister Modi said, “It was indeed a delight to meet you, Satya Nadella! Glad to know about Microsoft’s ambitious expansion and investment plans in India. It was also wonderful discussing various aspects of tech, innovation and AI in our meeting”. Nadella is on a three-day visit to India. After the meeting, Nadella thanked Modi for his leadership and said, “Excited to build on our commitment to making India AI-first and…

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    • Dec- 2024 -
      30 December
      750

      Do prices really vary on iPhone and Android as viral posts claim?

      With many users sharing their experiences on the issue, it has sparked debate all over the internet Hyderabad: Recently many social media posts went viral on the internet claiming that prices of products brought on different apps on iPhones vary from Android. This move has sparked debate all over the internet with people checking if the claims were true or false. It all started when a user on X (formerly Twitter), posted on the platform saying there was a huge difference in the fare when she tried booking for a cab. The user claimed that the prices on Ola and Uber were significantly higher in the IOS than on Android for the same pickup and drop locations. The post went viral…

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    • 30 December
      804

      Ola Electric’s stock falls around 3 per cent after fresh high-level exits

      Chief Marketing Officer Anshul Khandelwal and Suvonil Chatterjee, Chief Technology and Product Officer, step down from their roles citing personal reasons New Delhi: The share of Ola Electric fell around 3 per cent on Monday after some fresh high-level exits at the company, including its Chief Marketing Officer Anshul Khandelwal and Suvonil Chatterjee, Chief Technology and Product Officer. On Monday, the share was trading less than Rs 86 apiece, after falling nearly 3 per cent. Khandelwal and Chatterjee stepped down from their roles at the company, effective December 27, citing personal reasons. Both executives initially joined Ola’s ride-hailing business before transitioning to Ola Electric Mobility. Several top executives of the company have tendered their resignations this year as the company faces mounting pressure. N Balachandar,…

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    • 28 December
      941

      Telangana sees surge in EVs; over 4,000 vehicles registered in last 43 days

      Purchase increases after State government introduces ‘Telangana Electric Vehicle & Energy Storage Policy 2020-2030’, but officials point to insufficient number of charging stations Hyderabad: Telangana is witnessing a surge in the sale of electric vehicles, with 4,251 EVs registered in the last 43 days. According to the officials of the Transport Department, the purchase of EVs was gradually increasing in the State after the State government introduced the ‘Telangana Electric Vehicle & Energy Storage Policy 2020-2030’, which includes significant benefits for EV owners, including a 100 per cent exemption from road tax and registration fees on EVs for two years, until December 31, 2026. According to the data available with the department, 78,862 new EVs were registered in the State during the year,…

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    • 23 December
      923

      New EV brand ‘Youdha’ autorickshaws launched by Lohia Auto

      The E5 passenger three-wheeler is designed for urban and semi-urban commuting, focusing on space and efficiency, while the E5 cargo model offers a reliable and sustainable solution for logistics Mumbai: Lohia Auto on Monday announced the launch of EV brand ‘Youdha’ as part of its Rs 20-crore expansion plans and said it looks to manufacture and sell 3 lakh electric vehicles under the brand by 2027. The initial product portfolio of ‘Youdha’ includes passenger and cargo segment electric three-wheelers, the company said. With this portfolio, the new brand aims to cater to the diverse needs of the electric three-wheeler segment, Lohia Auto said. “With ‘Youdha’, we are not just creating electric three-wheelers; we are empowering India’s real warriors. Our mission is…

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    • 23 December
      903

      Can a smartwatch be the target of a cyber attack?

      Smartwatches can be vulnerable to cyberattacks, including data breaches, malware, and Bluetooth exploits. Using strong security features helps protect data. Stay secure—learn more about protecting your smartwatch from cyber threats! Hyderabad: Smartwatches might be good for tracking steps and heartrates, but they can also offer hackers a wealth of personal information to exploit. These devices allow people to track their health, monitor their fitness, conduct medical tests and more but often use Bluetooth Low Energy (BLE) technology, which sacrifices security for low energy consumption. While they are generally designed with security features, vulnerabilities still exist, making them susceptible to certain types of cyber threats. 1. Data breachesSmartwatches often store personal information like location data, health metrics (heart rate, steps, sleep patterns), and…

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    • 22 December
      12,468

      Experience Luxury and Comfort at Hotel IK London, Hyderabad Christmas Offer 10% Off on Rooms And Banquet Bookings

      Experience Luxury and Comfort at Hotel IK London, Hyderabad Situated in the heart of Hyderabad, Hotel IK London is a premier destination for travelers seeking a blend of modern luxury and traditional warmth. Whether you’re in town for business or leisure, this elegant hotel promises an unforgettable stay, offering unmatched comfort, exquisite amenities, and personalized service. Unparalleled Location Hotel IK London is strategically located, providing easy access to the city’s top attractions, business hubs, and entertainment centers. With close proximity to the Hyderabad International Convention Centre (HICC), HITEC City, and iconic landmarks like the Charminar and Hussain Sagar Lake, guests are perfectly positioned to explore the best of the city. Sophisticated Rooms and Suites Step into a world of contemporary…

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    • 20 December
      834

      Rupee recovers from all-time low, gains 6 paise to 85.07 against US dollar

      Forex traders say the rupee is likely to remain in a weakening mode due to significant dollar demand Mumbai: The rupee saw some recovery from its all-time low level and appreciated 6 paise to 85.07 against the US dollar in early trade on Friday. Forex traders said the rupee is likely to remain in a weakening mode due to significant dollar demand. The Dollar Index (DXY) is expected to remain elevated, with resistance near the 110 level in the near-term amid a reduced likelihood of significant Fed rate cuts in 2025. The Federal Reserve cut rates by 25 basis points on Wednesday, but its forward guidance for 2025 has softened, with expectations reduced from four rate cuts to just two. At the interbank foreign exchange,…

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