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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

    • Dec- 2025 -
      12 December
      88

      Ceat looks to strengthen global play; focuses on developing tyres to suit different markets

      Ceat is developing region-specific tyres to expand exports to Europe and the US, aiming to become a global brand. With steady raw material prices and strong demand, the company expects growth, while focusing on capacity, OEM sales, and integrating the Camso acquisition New Delhi: Tyre maker Ceat is developing tyres for various global markets as it aims to expand its exports to regions like Europe and US with plans to establish itself as a global brand, according to RPG Group Vice Chairman Anant Goenka. The RPG Group firm garners around 20 per cent of its revenues from exports and expects the contribution to grow over the next few years. “We are focusing a lot on international growth — in the US,…

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    • 12 December
      70

      IndiGo’s chaos exposes a larger truth: When monopoly enters public infrastructure, the public always pays

      If India wants to avoid replaying IndiGo turmoil across sectors, it must ensure no company should ever reach a scale where its failure becomes a national crisis By Anurag Reddy Nayini There’s a moment every traveller remembers from the past week. From packed terminals, serpentine queues, families sleeping against pillars, to departure boards bleeding red with cancellations. What looked like a sudden, mysterious collapse at IndiGo wasn’t just another operational hiccup. It was a reminder of a bigger risk India has quietly allowed to grow, the concentration of essential public-facing infrastructure in the hands of a single, dominant player. Here’s the thing. IndiGo didn’t just have a bad day. It had a systemic failure at a scale only possible when one airline…

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    • 12 December
      93

      Netflix acquisition of Warner Bros: What it means for theatres and filmmakers

      Netflix’s acquisition of Warner Bros could transform Hollywood, affecting theatrical releases, top filmmakers, and the streaming landscape. While Warner Bros films will continue in theatres, the exact strategy, theatrical windows, and impact on cinema chains remain uncertain Los Angeles: Netflix’s deal to acquire Warner Bros, one of Hollywood’s oldest movie studios, poses seismic shifts to the entertainment industry and the future of moviegoing. As one of the remaining “big five” studios, the 102-year-old Warner Bros is an essential part of movie theatre business. The studio currently boasts three of the top five earning films domestically, including “A Minecraft Movie” in first place, “Superman” and “Sinners”, as well as the Oscar frontrunner, “One Battle After Another”. There are more questions than answers…

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    • 12 December
      77

      Govt caps airfares as IndiGo disruptions send ticket prices soaring

      The government has imposed temporary airfare caps ranging from Rs 7,500 to Rs 18,000 amid a sharp surge in ticket prices following widespread IndiGo flight cancellations. The civil aviation ministry is monitoring fares closely and has ordered expedited refunds and support for affected passengers New Delhi: The government on Saturday capped the airfares in the range of Rs 7,500 to Rs 18,000 depending on the distance amid soaring air ticket prices due to the IndiGo flight disruptions. The fare limits, excluding applicable charges, are not applicable for business class and UDAN flights, the Civil Aviation Ministry said in an order. However, the order did not provide clarity on whether the caps are applicable for economy class tickets or both economy and…

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    • 12 December
      86

      Netflix acquisition of Warner Bros may threaten India’s theatrical industry: MAI

      The Multiplex Association of India has raised concerns over Netflix’s $72-billion acquisition of Warner Bros Discovery, warning it could reduce high-quality theatrical content, limit consumer choice, and disrupt India’s broader film ecosystem, impacting cinemas, production, and distribution New Delhi: The Multiplex Association of India (MAI) on Saturday raised its concerns over Netflix’s proposed acquisition of Warner Bros Discovery, saying that it poses a direct competition and economic threat to India’s theatrical and broader film economy. The Acquisition of Warner Bros, one of the world’s leading studios, by a dominant streaming platform that has historically deprioritised theatrical releases, poses a direct economic threat to India’s broader film economy, MAI said in a statement. On Friday, Netflix said it has struck a deal…

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    • 10 December
      169

      Rupee rises 20 paise to 89.69 against US dollar

      The rupee appreciated 20 paise to 89.69 against the US dollar ahead of the RBI’s policy decision, though pressure persists from FII selling, crude prices and trade-deal delays. Markets await possible rate-cut signals as inflation eases and growth strengthens Mumbai: The rupee appreciated 20 paise to 89.69 against the US dollar in early trade on Friday, ahead of the Reserve Bank’s monetary policy decision. Forex traders said investors remain cautious ahead of the RBI’s monetary policy decision, noting that a neutral stance may not shake markets much. But any hint of a rate cut could put fresh pressure on the rupee, especially given the currency’s already fragile state, they added. Moreover, selling pressure from foreign investors, rising crude oil prices and…

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    • 10 December
      105

      Stock markets turn volatile in early trade ahead of RBI’s monetary policy decision

      Sensex and Nifty swung between gains and losses in early Friday trade as investors awaited the RBI’s policy decision amid FII outflows and mixed global cues. Select IT, auto and power stocks gained, while Reliance, Airtel and HDFC Bank declined  Mumbai: Stock market benchmark indices Sensex and Nifty faced highly volatile trends in early trade on Friday ahead of the RBI’s monetary policy decision due later in the day. Investors also remained on the sidelines amid relentless foreign fund outflows and mixed global trends. The 30-share BSE Sensex advanced 53.54 points to 85,318.86 in early trade. The 50-share NSE Nifty went up by 28.2 points to 26,061.95. Both the benchmarks were later trading between highs and lows, reflecting volatile trends. From the…

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    • 10 December
      108

      Rs 546 crore ‘unlawful gain’: Sebi bans influencer Avadhut Sathe

      Sebi barred financial influencer Avadhut Sathe and his firm, Avadhut Sathe Trading Academy, from the securities market and ordered them to disgorge Rs 546 crore earned from allegedly running unregistered investment advisory and research services that misled over 3.37 lakh investors New Delhi: Sebi on Thursday barred financial influencer Avadhut Sathe and his firm Avadhut Sathe Trading Academy Pvt Ltd from the securities market and directed them to disgorge Rs 546 crore of ‘unlawful gain’ earned from the alleged unregistered investment advisory and research analyst business. Avadhut Sathe Trading Academy Pvt Ltd (ASTAPL) is operated by financial influencer Avadhut Sathe (AS). In a 125-page interim order cum show cause notice, Sebi said, “Investigation has revealed that, prima facie, the funds were collected in…

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    • 10 December
      130

      Airtel partners with Nokia to open network APIs for developer

      Bharti Airtel has partnered with Nokia to offer its network APIs to developers, enterprises, and system integrators via Nokia’s Network as Code platform. The collaboration aims to drive innovation using Airtel’s AI, 5G, and edge capabilities while enabling new monetization models New Delhi: Finnish telecom company Nokia has partnered with Bharti Airtel to make network capabilities available to third-party developers for building new technology solutions and open up new monetization opportunities. Following successful trials, Airtel’s network APIs (Application Programming Interface) will be available on a subscription basis to an established ecosystem of developers, system integrators, and enterprises using Nokia’s Network as Code platform, Nokia said in a statement. “We are happy to partner with Nokia today for network APIs and enable…

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    • 10 December
      99

      Air India reports three technical glitches on Boeing 787 fleet since July

      Air India reported three technical glitches on its Boeing 787 fleet since July, prompting enhanced safety inspections ordered by the DGCA after a June accident. The minister said all aircraft were found satisfactory and that technical snags are routinely addressed under prescribed procedures New Delhi: Air India has reported three technical glitches, since July this year, related to Boeing 787 aircraft in its fleet, Parliament was informed on Thursday. In a written reply to a question in the Lok Sabha, Minister of State for Civil Aviation, Murlidhar Mohol, said that after the accident of the Boeing 787 aircraft on June 12, 2025, in Ahmedabad, the Directorate General of Civil Aviation (DGCA) issued directions to Air India to carry out enhanced safety…

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