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

    • Oct- 2025 -
      26 October
      126

      Gold may open weak after global slump; domestic prices seen dropping to Rs 1.22–Rs 1.23 lakh per 10 gm

      Gold prices are expected to open lower on Wednesday after a 5.5% global decline — the steepest since 2020. Analysts predict domestic prices could fall to Rs 1.22–Rs 1.23 lakh per 10 grams, driven by profit-booking and easing global economic fears. Mumbai: The rush for gold may slow down after Diwali, as the yellow metal is expected to open on a weak note in the domestic market on Wednesday. This comes after international gold prices fell sharply by 5.5 per cent — the steepest decline since August 2020. Analysts expect Indian gold prices to correct to around Rs 1.22–Rs 1.23 lakh per 10 grams when markets open on Wednesday. The fall in global prices has triggered profit-booking among investors who had…

      Read More »
    • 26 October
      116

      New industries, industrial investments fall drastically during Congress rule

      Telangana’s industrial sector has seen a sharp decline in investments and job creation since the Congress government took office in December 2023. Despite high-profile investment commitments, TG-iPASS approvals have dropped significantly. Hyderabad: Telangana’s once-celebrated industrial growth engine appears to be losing steam, with a sharp fall in both investments and employment generation since the Congress came to power in December 2023. Industrial investments in the State under TG-iPASS decreased by more than half to Rs 13,730 crore in 2024-25, against Rs 28,100 crore in the previous year. Compared to 2022-23, when the BRS was in power, when there were 3,103 new industries and Rs 26,916 crore in investments, with 1,00,966 new jobs created, there were only 1,125 new industries till September in 2025-26, with Rs 6,008…

      Read More »
    • 26 October
      421

      Ola shares tumble after CEO Bhavish Aggarwal booked in employee suicide case

      Case relates to alleged suicide of a 38-year-old employee, K Aravind, who reportedly left behind a death note accusing his seniors of workplace harassment New Delhi: Shares of Bhavish Aggarwal-led Ola Electric Mobility came under heavy pressure on Tuesday during the special Muhurat Day trading session, following news that the company’s top executives have been booked in connection with the suicide of an employee. Ola Electric’s stock fell as much as 4.16 per cent, touching an intra-day low of Rs 52.65 per share on the National Stock Exchange (NSE). At the closing bell, the stock was at Rs 53.43, down by Rs 1.51 or 2.75 per cent. Nearly 45 million equity shares, worth Rs 24.08 crore, were exchanged on both the NSE…

      Read More »
    • 25 October
      114

      Gold, silver prices ease after record highs; Dhanteras jewellery sales jump up to 40%

      Gold and silver prices corrected after record highs, but festive jewellery sales during Dhanteras surged 35–40 per cent. Silver ETFs saw steep declines amid global price cooling, while gold eased on profit-booking and rate-cut expectations.Mumbai: Gold and silver prices fell on Tuesday as investors booked profits after both metals hit record highs in the previous session, even as festive jewellery sales during Dhanteras jumped 35–40 per cent across India. Silver Exchange Traded Funds (ETFs), which had delivered stellar one-year returns of around 65–70 per cent, also saw a sharp correction as global prices cooled following improved physical supply and easing safe-haven demand. Mumbai: Gold and silver prices fell on Tuesday as investors booked profits after both metals hit record highs in the…

      Read More »
    • 25 October
      113

      NSE, BSE to hold Diwali Muhurat trading in afternoon for first time as Samvat 2082 begins

      Breaking with tradition, the NSE and BSE will hold Diwali Muhurat trading in the afternoon between 1:45 p.m. and 2:45 p.m. today, marking the start of Samvat 2082. Commodity markets will follow similar timings amid festive investor optimism. Mumbai: For the first time in decades, India’s stock exchanges are changing the timing of one of the market’s most symbolic events — the Diwali Muhurat Trading. The National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) will hold the special trading session in the afternoon today, between 1:45 p.m. and 2:45 p.m., instead of the usual evening slot. This marks the beginning of the new Hindu financial year, Samvat 2082. Muhurat trading has always been seen as an auspicious event that combines…

      Read More »
    • 25 October
      136

      Amazon Web Services outage impacts ChatGPT, Alexa and more; brings half the internet down

      A major outage at Amazon Web Services (AWS) on Monday disrupted global access to numerous online platforms, including Alexa, ChatGPT, Snapchat, Fortnite, and Canva. The issue, traced to AWS’s US-EAST-1 region, caused increased error rates and latency across multiple services. New Delhi: Amazon Web Services is facing a major outage on Monday that has affected online services globally, including AI platforms, e-commerce platforms, popular websites and online games. Access to Amazon’s virtual assistant technology Alexa, the social media app Snapchat, online game Fortnite, the AI platform ChatGPT, Epic Games Store, and Epic Online Services was disrupted. Amazon Web Services, Inc. is a subsidiary of Amazon that provides on-demand cloud computing platforms and APIs to individuals, companies, and governments, on a metered, pay-as-you-go…

      Read More »
    • 25 October
      96

      Calcutta Stock Exchange set for final Kali Puja and Diwali as it exits business

      The historic Calcutta Stock Exchange, founded in 1908, is set to celebrate its final Kali Puja and Diwali as it prepares to exit the stock exchange business. SEBI approval, land sale, and employee VRS mark the winding-up process. Mumbai: The Calcutta Stock Exchange (CSE), one of India’s oldest stock exchanges, may be celebrating its final Kali Puja and Diwali this year on October 20 as a functioning bourse. After a long legal and regulatory battle, the exchange is close to completing its voluntary exit from the stock exchange business. CSE, founded in 1908, once competed with the Bombay Stock Exchange and was a major part of Kolkata’s financial landscape. But the exchange faced a serious setback after the 2001 Ketan Parekh scam, which…

      Read More »
    • 24 October
      212

      HZL expects silver price to stay firm, hover around US$ 55/troy ounce until December

      Silver prices are expected to remain steady around USD 55 per troy ounce through December 2025, driven by global trade instability, investment uncertainty, and rising industrial demand from solar energy, EVs, and AI hardware, says Hindustan Zinc CEO Arun Misra. New Delhi: Silver price is likely to remain steady trading around US$ 55 per troy ounce level until December this year, as turmoil in the global trade and lack of steadiness in other investment avenues fuel the chase for safe-haven assets, said Arun Misra, CEO of Vedanta group firm Hindustan Zinc Ltd (HZL). The company is among the top five primary producers of silver globally and the country’s biggest producer of the white metal. “…I had predicted 46 dollars per troy…

      Read More »
    • 24 October
      261

      HDFC Bank doesn’t see AI leading to layoffs: CEO

      HDFC Bank CEO Sashidhar Jagdishan clarified that AI adoption won’t cause layoffs, instead shifting staff from backend to customer-facing or tech roles. Despite experimenting with generative AI, the bank sees it as a growth tool, not a job threat Mumbai: The country’s largest private sector lender HDFC Bank does not see its use of artificial intelligence leading to any layoffs, a top company official has said. The lender, which had 2.20 lakh employees as of September, is carrying out some “lighthouse experiments” in technologies, including generative AI, which will deliver its advantages in the next 18-24 months, HDFC Bank Chief Executive and Managing Director Sashidhar Jagdishan said on Saturday. “Frankly, AI is not going (to result in) any layoff whatsoever in…

      Read More »
    • 24 October
      191

      HDFC Bank Q2 net profit rises 10 per cent to Rs 19,610 crore

      HDFC Bank reported a 10 per cent jump in its consolidated net profit to Rs 19,610.67 crore for Q2 FY26. Standalone profit rose 10.82 per cent, income increased to Rs 91,040 crore, and GNPA ratio improved to 1.24 per cent, reflecting strong financial health Mumbai: HDFC Bank on Saturday reported a 10 per cent jump in its consolidated net profit for the September quarter at Rs 19,610.67 crore. On a standalone basis, the largest private sector lender’s net rose 10.82 per cent to Rs 18,641.28 crore for the July-September period. The bank‘s overall income rose to Rs 91,040 crore as against Rs 85,499 crore in the year-ago period, and Rs 99,200 crore in the preceding June quarter. The gross non-performing assets ratio…

      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