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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 -
      2 October
      228

      Maruti Suzuki INVICTO gets 5-star safety rating from Bharat NCAP

      Maruti Suzuki’s INVICTO has earned a 5-star safety rating in Bharat NCAP, joining Dzire and VICTORIS in the company’s 5-star portfolio. With six airbags and NEXA/ARENA Safety Shield, safety and innovation come standard across models New Delhi: Maruti Suzuki India Ltd on Thursday said its premium strong hybrid utility vehicle INVICTO has secured a 5-star safety rating in the Bharat New Car Assessment Program (Bharat NCAP). The achievement strengthens the company’s 5-star Bharat NCAP portfolio alongside the all-new Dzire and VICTORIS, Maruti Suzuki India said in a statement. “Safety has always been at the heart of Maruti Suzuki’s product philosophy… Bharat NCAP has ushered world-class testing protocols in India, empowering customers to make informed choices,” Maruti Suzuki India MD & CEO Hisashi…

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    • 1 October
      154

      Opinion: The hidden human cost of gig economy

      Gig economy promises flexibility, but Marx’s theory shows it often mirrors exploitative pattern of industrial capitalism By M Neelima A sea of delivery bags, buzzing scooters darting through traffic, and the constant ping of new orders. Delivery workers are the lifeblood of our on-demand world, serving a growing number of people who rely on their speed and efficiency. But have you ever wondered if the challenges and discontent they face are connected to something more than just a demanding job? Their daily grind is, in fact, a modern-day reflection of a theory born in the factories of the Industrial Revolution. Marx’s Concept The theory is none other than Karl Marx’s concept of alienation, a multifaceted estrangement of individuals from their…

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    • 1 October
      111

      ESIC payroll data: over 20 lakh new employees enrolled in July

      In July, 20.36 lakh new employees were registered under the ESI scheme, up 4.86 per cent from June. Nearly 48 per cent of new registrations were under 25, including 4.33 lakh women and 88 transgender employees, reflecting inclusive social security coverage New Delhi: At least 20.36 lakh new employees were added in the payroll data of Employees’ State Insurance Corporation (ESIC) in July, an increase of 4.86 per cent from 19.37 lakh new workers enrolled in June, an official statement said on Friday. Over 48 per cent of new registrations comprise young people under 25 years of age, according to a Ministry of Labour and Employment statement. About 31,146 new establishments have been brought under the social security ambit of the…

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    • 1 October
      131

      Sensex and Nifty decline on pharma stocks, FII outflows; global markets weak

      Sensex and Nifty opened lower on Friday, dragged by pharma stocks and persistent FII outflows. US H-1B visa fee hike, 100% pharma tariff, and weak global markets added pressure. Brent crude rose marginally, while Asian and US equities also declined. Mumbai: Equity benchmark indices Sensex and Nifty declined in early trade on Friday dragged by pharma stocks and relentless foreign fund outflows. US H-1B visa fee concerns and a weak trend in global markets also added to the bearish trend in domestic equities. “Investor attention will squarely be on the domestic pharma sector after the Trump Administration announced a 100 per cent tariff on imports of branded or patented pharmaceutical products effective October 1. This tariff action comes close on the heels of…

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    • 1 October
      128

      Rupee rebounds to 88.70 against US dollar amid weaker greenback and India-US trade hopes

      The rupee rose 6 paise to 88.70 against the US dollar on Friday, supported by a weaker greenback and hopes of an India-US trade deal. FII outflows, rising crude prices, and cautious equity markets limited gains for the local currency. Mumbai: The rupee rebounded from its all-time low, rising 6 paise to 88.70 against the US dollar in early trade on Friday amid a weaker greenback and hopes of an India-US trade deal breakthrough. However, FII outflows, coupled with a rise in international crude oil prices limited gains for the local unit, according to forex traders. At the interbank foreign exchange, the rupee opened at 88.72 before rising to 88.70, higher by 6 paise from its previous close. The rupee had slipped 1…

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    • Sep- 2025 -
      28 September
      290

      Rupee dips to 88.80 against US dollar amid tariff, H-1B concerns

      The Indian rupee slipped 7 paise to 88.80 against the US dollar on Wednesday amid US tariffs and H-1B visa fee hike concerns, coupled with persistent foreign fund outflows. Sensex and Nifty also opened lower, reflecting investor risk aversion. Mumbai: The rupee depreciated 7 paise from its all-time closing low to 88.80 against US dollar in early trade on Wednesday dragged down by tariff and H-1B visa issues amid persistent foreign fund outflows. Forex traders said rupee is hovering near its all-time low level as enhanced US tariffs on Indian goods as well as US H-1B visa fee hike dented investor sentiments. Moreover, investors’ risk-aversion and trade policy uncertainty has also exacerbated the rupee’s depreciation. At the interbank foreign exchange, the rupee opened…

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    • 28 September
      300

      Sensex, Nifty slip as FII outflows and H-1B visa hike weigh on sentiment

      Sensex and Nifty opened lower on Wednesday amid foreign fund outflows and concerns over the US H-1B visa fee hike. Major laggards included Tech Mahindra and ICICI Bank, while Brent crude rose 0.28% and Asian markets were mixed. Mumbai: Benchmark indices Sensex and Nifty fell in early trade on Wednesday as foreign fund outflows and concerns over the steep hike in US H-1B visa fees continue to dent investors’ sentiment. The 30-share BSE Sensex dropped 380.48 points to 81,721.62 in early trade. The 50-share NSE Nifty declined 106.45 points to 25,063.05. From the Sensex firms, Tech Mahindra, Tata Motors, ICICI Bank, Bharti Airtel, Tata Consultancy Services, Axis Bank, Titan and Kotak Mahindra Bank were among the major laggards. However, Trent, NTPC, State Bank…

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    • 28 September
      272

      ICICI Bank to introduce same-day cheque clearance from October 4

      ICICI Bank will implement same-day cheque clearance from October 4, aligning with RBI’s new settlement framework. Customers depositing cheques at branches will see faster processing, with Positive Pay mandatory for high-value cheques to prevent fraud and ensure smooth dispute resolution New Delhi: ICICI Bank has announced a major change to its cheque settlement process, aimed at reducing delays and improving customer convenience. From October 4, cheques submitted across the bank branches will be cleared and credited to accounts within one working day, according to the bank’s official website. The action is consistent with the Reserve Bank of India‘s (RBI) new cheque clearing system, which aims to expedite settlements. The previous batch-based procedure will be replaced by the new framework, which will clear…

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    • 28 September
      258

      Centre monitors GST cut benefits on e-commerce platforms

      The Centre is monitoring whether e-commerce platforms are passing on GST rate cut benefits on FMCG items. Field officers will submit the first report by September 30. The revised GST structure is expected to lower prices for 99 per cent of daily-use goods New Delhi: The Centre is monitoring whether the GST rate cut benefits on FMCG items are being passed on by e-commerce platforms, government sources said on Tuesday. Amid complaints of inadequate price reductions for daily essential items sold on some e-commerce platforms, sources said the field formations are monitoring the price changes. “We are monitoring the price changes. Field formations are monitoring, and we will get the first report from them by September 30,” a source said. “We…

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    • 28 September
      254

      TRAI floats draft to overhaul broadcasting, cable distribution norms

      TRAI on Tuesday released a draft amendment to reshape broadcasting and cable distribution norms, proposing new audit cycles, stricter compliance, and transparency measures. Public comments are invited by October 6, with the rules set to take effect from April 2026. New Delhi: In a bid to rejig the broadcasting and cable distribution industry, the Telecom Regulatory Authority of India (TRAI) on Tuesday issued the draft Telecommunication (Broadcasting and Cable) Services Interconnection (Addressable Systems) (Seventh Amendment) Regulations, 2025. The telecom industry body has invited public comments by October 6, 2025 on the proposed framework„ which is scheduled to come into effect from April 1, 2026. It introduces far-reaching changes to the audit, compliance, and infrastructure-sharing norms that govern the relationship between broadcasters…

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