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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

    • Oct- 2025 -
      17 October
      121

      Hyderabad based MedPlus shares dip over 3 per cent after Karnataka store suspension

      MedPlus Health Services shares fell over 3.6 pre cent after its subsidiary, Optival Health Solutions, received a 15-day drug license suspension at a Karnataka store, potentially affecting revenue. Despite setbacks, CareEdge reaffirmed its financial ratings for the company’s bank facilities Mumbai: Shares of MedPlus Health Services slipped over 3.6 per cent on the BSE, touching an intra-day low of Rs 755.3 per share on Monday. However, later in the day, the stock recovered and was trading 2.42 per cent lower at Rs 765 per share. The company’s market capitalisation stood at Rs 9,166.43 crore. The fall in MedPlus shares came after its subsidiary, Optival Health Solutions Private Limited, received a suspension order for a drug license at one of its stores…

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    • 15 October
      304

      Companies ramp up mid and senior-level training as AI reshapes workplaces

      Companies are prioritizing mid and senior-level training as AI and generative AI reshape workplaces. Demand for leadership and specialized skill development is rising, with IT, BFSI, and manufacturing sectors leading initiatives to enhance employee retention and career progression New Delhi: Companies have doubled down on their focus on training mid and senior-level employees as artificial intelligence and generative AI reshape workplaces, a report said on Monday. In FY25, training demand for mid-level employees rose to 35 per cent from 15 per cent in FY24, said the report from global ed-tech company Great Learning. Further, the demand for senior-level training more than doubled year-on-year, signalling a deliberate shift toward strengthening leadership pipelines and succession planning, the report said. The report was prepared…

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    • 15 October
      135

      EAM Jaishankar meets counterpart Anita Anand; says India, Canada working to advance ties

      External Affairs Minister S Jaishankar said India-Canada relations have been steadily progressing, with both nations working to rebuild trust and restore cooperation across key sectors, including security, technology, trade, and climate action, following high-level engagements between their leaders and ministers New Delhi: External Affairs Minister (EAM) S Jaishankar said on Monday that the ties between India and Canada have been steadily progressing in the past few months, and the two nations are working to restore the mechanisms necessary to advance the partnership. In his opening remarks during his meeting with his Canadian counterpart, Anita Anand, in New Delhi, EAM Jaishankar recalled the recent engagements between New Delhi and Ottawa, including meetings between National Security Advisers and trade ministers. Welcoming Anand on…

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    • 15 October
      133

      Gold prices may touch Rs 1.3 lakh this Dhanteras, Rs 1.5 lakh likely by 2026

      Gold prices are set for a continued surge, with experts predicting Rs 1.3 lakh per 10 grams this Dhanteras and Rs 1.5 lakh by 2026, driven by global economic uncertainty, US-China tensions, central bank buying, and expectations of interest rate cuts. Mumbai: Gold’s dream run continues in 2025, with experts predicting that prices could climb as high as Rs 1.3 lakh per 10 grams this Dhanteras and even reach Rs 1.5 lakh by early 2026. The surge is being driven by global economic uncertainty, strong central bank buying, and expectations of interest rate cuts that are keeping investor demand for the yellow metal strong. “Strong central bank and ETF buying, even at record prices, along with declining trust in fiat currencies…

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    • 15 October
      145

      Dr Reddy’s, Zydus Lifesciences recall medicines from US market over quality issues

      Dr Reddy’s Laboratories and Zydus Lifesciences are recalling certain medicines from the US after USFDA found manufacturing and quality issues. The recalls, affecting muscle relaxant and hepatitis B drugs, are precautionary and classified as moderate-risk (Class II) New Delhi: Two major Indian pharmaceutical companies, Dr Reddy’s Laboratories and Zydus Lifesciences, are recalling certain medicines from the US market due to manufacturing issues, the US health regulator has said. According to the latest enforcement report by the US Food and Drug Administration (USFDA), an American subsidiary of Hyderabad-based Dr Reddy’s is recalling 571 vials of Succinylcholine Chloride Injection, a medicine used to relax muscles. The recall was initiated on September 26 after the USFDA reported an “out-of-specification result during six-month stability testing.”…

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    • 14 October
      316

      Govt opens SBI MD, PSU banks ED positions for private sector candidates

      Of the four positions of Managing Director in SBI, one position has been opened for private sector candidates and persons working in public sector financial institutions New Delhi: The government has opened top management positions in public sector banks, including the country’s largest lender State Bank of India (SBI), to private sector candidates. Of the four positions of Managing Director in SBI, one position has been opened for private sector candidates and persons working in public sector financial institutions. So far, all MD and chairman positions have been filled by internal candidates. As per the revised appointment guidelines, one MD position will now be available to the private sector. Similarly, the revised guidelines also permitted private sector candidates to appear for the…

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    • 14 October
      254

      Gold, silver prices edge higher on MCX amid weak dollar and global cues

      Gold prices rose on the MCX on Friday, supported by a weaker US dollar and firm global cues. Traders expect the Federal Reserve to cut rates soon, while gold remains near record highs after strong investor demand and geopolitical uncertainty. Mumbai: Gold and silver prices rose on the Multi Commodity Exchange (MCX) on Friday, supported by a weaker US dollar and strong global cues. Steady demand in the spot market also helped keep precious metals firm. On the MCX, gold December futures were trading 0.38 per cent higher at Rs 1,20,951 per 10 grams, while silver December futures were almost flat during the same time. The US dollar index slipped over 0.20 per cent during the session, making gold cheaper for buyers holding…

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    • 14 October
      293

      Sensex rises nearly 300 points, Nifty holds above 25,250 amid buying in realty and utility stocks

      Equity markets opened firm on Friday with the Sensex gaining nearly 300 points and Nifty above 25,250, led by buying in realty and utilities. TCS results and renewed FII inflows buoyed sentiment, while Asian markets traded mixed. Mumbai: Benchmark Sensex rose by nearly 300 points while Nifty traded above the 25,250 level in the early session on Friday, following buying in realty and utilities stocks. The 30-share BSE Sensex jumped 299.21 points or 0.36 per cent to 82,471.31 in the morning trade. The NSE Nifty increased by 70.05 points or 0.28 per cent to 25,251.85. Among Sensex firms, Power Grid, Adani Ports, Axis Bank, State Bank of India, NTPC, Asian Paints, ITC, HDFC Bank, Bharat Electronics Ltd, and Titan were the major gainers.…

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    • 14 October
      248

      Rupee trades flat near record low of 88.78 against US dollar amid strong greenback

      The rupee traded almost flat at 88.78 against the US dollar in early trade on Friday, staying close to its all-time low amid a firm greenback and importer demand. Traders expect the RBI to monitor the currency closely. Mumbai: The rupee traded almost flat at 88.78 in the early session on Friday, hovering near all-time lows against the US dollar due to a stronger greenback in the overseas markets. Forex traders said the rupee is expected to trade in a narrow range with a chance of breaking the all-time closing low level of 88.80 in the absence of RBI intervention. At the interbank foreign exchange market, the rupee opened lower at 88.80 but soon recovered to touch 88.78 against the US dollar, registering…

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    • 13 October
      176

      Opinion: Can Sahkar bring Samriddhi? Making India’s cooperative policy work

      The National Cooperative Policy, if executed effectively, can transform cooperatives from safety nets into engines for competitive, community-owned enterprises By Amiya Antony, Anshika Chauhan, Amit Kumar The United Nations General Assembly declared 2025 as the International Year of Cooperatives with the theme ‘Cooperatives Build a Better World’, highlighting their role in inclusive and sustainable development. In line with this, the Ministry of Cooperatives, Government of India, is also celebrating the year by highlighting the importance of cooperatives in achieving sustainable goals. As of July 2025, India has 8.44 lakh cooperatives, 2 lakh credit cooperatives, and 6 lakh non-credit cooperatives, with over 30 crore members nationwide. The last cooperative policy was formulated in 2002 and updated in September 2022 by the Ministry…

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