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

    • Sep- 2025 -
      22 September
      452

      PRISM introduces CheckIn vertical to unify OYO’s premium hospitality brands

      OYO’s parent firm PRISM has launched CheckIn, a new vertical unifying its premium hotels, homes, and experiences. Available in India and soon globally, CheckIn aims to serve the luxury travel segment with curated stays in destinations worldwide New Delhi: OYO’s parent firm PRISM on Friday announced the launch of ‘CheckIn’, a new vertical unifying its premium hotel and homestay brands. The company will feature its premium hotels, homes, and experiences on the CheckIn app, including SUNDAY Hotels, Clubhouse, and Palette, as well as holiday homes in Europe such as CheckMyGuest, Dancenter, Belvilla, and others. CheckIn will serve the premium and luxury segment, while the OYO app will continue to be the go-to for value-conscious travellers. Ritesh Agarwal, Founder & Group CEO…

      Read More »
    • 22 September
      426

      Suzuki Motorcycle to cut prices by up to Rs 18,024

      Suzuki Motorcycle India announced price cuts of up to ₹18,024 across models from September 22, 2025, passing on GST rate reduction benefits to customers. The GST cut also lowers spare parts costs, enhancing affordability ahead of the festive season New Delhi: Suzuki Motorcycle India on Friday said it will reduce prices of its products across models by up to Rs 18,024 to pass the benefit of GST rate reduction to customers. With the revised price effective September 22, 2025, customers can now enjoy savings, with the maximum benefit going up to Rs 18,024 depending on the model, Suzuki Motorcycle India Pvt Ltd (SMIPL) said in a statement. Alongside two-wheelers, the reduced GST on spare parts and accessories will directly translate into…

      Read More »
    • 22 September
      434

      Sensex, Nifty decline after three-day rally; Adani stocks surge post-SEBI clean chit

      Sensex and Nifty opened lower on Friday after three days of gains, with profit-booking in heavyweights like TCS and ICICI Bank. Adani Group stocks surged as SEBI cleared the conglomerate of stock manipulation charges made by Hindenburg Research. Mumbai: Equity benchmark indices Sensex and Nifty fell in early trade on Friday after a three-day rally amid profit-taking in blue-chips Tata Consultancy Services and ICICI Bank. The 30-share BSE Sensex declined 264.36 points to 82,749.60 in early trade. The 50-share NSE Nifty dropped 65 points to 25,358.60. From the Sensex firms, Tata Consultancy Services, Titan, ICICI Bank, Power Grid, Mahindra & Mahindra and HCL Tech were among the biggest laggards. However, Adani Ports, Bharat Electronics, Larsen & Toubro and NTPC were among the gainers.…

      Read More »
    • 22 September
      389

      Rupee slips 7 paise to 88.27 against US dollar amid weak equities, tariff worries

      The rupee depreciated 7 paise to 88.27 against the US dollar on Friday, pressured by strong dollar trends, weak domestic equities, and US tariff concerns. Forex traders see support at 87.70 and resistance around 88.40 amid volatile market cues. Mumbai: The rupee witnessed range-bound trading in morning deals on Friday and depreciated 7 paise to 88.27 against the US dollar, dragged lower by broad dollar strength and a negative trend in domestic equities. Forex traders said the recovery in the US dollar capped the upside for the domestic unit. Moreover, worries over US tariffs on India dented investor sentiments further. At the interbank foreign exchange market, the rupee opened at 88.22, then lost ground and touched a low of 88.27 against…

      Read More »
    • 21 September
      416

      US revokes visas of Indian biz executives over fentanyl precursor allegations

      The United States has revoked and denied visas to certain Indian business executives and corporate leaders over alleged involvement in trafficking fentanyl precursors. While the identities remain undisclosed, the US embassy stated that firms linked to fentanyl precursor trade will face heightened scrutiny. New Delhi: The US on Thursday said it has revoked and subsequently denied visas of certain Indian business executives and corporate leaders for their alleged involvement in trafficking of fentanyl precursors. However, the US embassy, making public the punitive action, did not divulge the identity of the business leaders whose visas were revoked in view of the allegations. There was no immediate comment on the issue by New Delhi. US Charge d’affaires Jorgan Andrews said individuals and organisations involved…

      Read More »
    • 21 September
      89

      SEBI gives Adani Group clean chit, trashes Hindenburg Research claims of wrongdoing

      SEBI has exonerated the Adani Group and its associated entities from all allegations raised in the Hindenburg Research report, stating that the claims were not substantiated. The regulator found no violations of related party transaction norms or LODR rules, and clarified that retrospective application of amended definitions was legally untenable. The proceedings were closed without penalty or directions. Mumbai: Capital markets regulator SEBI on Thursday cleared the Adani Group and its associated entities of all allegations in the Hindenburg case. The SEBI order states that the matter has been considered holistically, and the allegations made against the Adani Group “are not established”. “Considering the above, the question of devolvement of any liability on Noticees (Adani Group and associated companies) does not arise and hence the question…

      Read More »
    • 21 September
      251

      Maruti Suzuki slashes car prices up to Rs 1.29 lakh after GST rate cut

      Maruti Suzuki has slashed prices across its entire model range by up to Rs 1,29,600 from September 22, passing on GST rate cuts. Entry-level cars received deeper reductions, encouraging two-wheeler users to upgrade while boosting passenger vehicle sales New Delhi: Maruti Suzuki India on Thursday announced a reduction in prices of its entire model range by up to Rs 1,29,600 from September 22 to pass on the GST rate cut benefit to customers. The country’s largest car manufacturer also said it has cut down prices of small cars over and above the GST benefit of 8.5 per cent to make vehicles more affordable for two-wheeler users. With effect from September 22, the company will pass on the full benefit of the…

      Read More »
    • 21 September
      104

      Japan’s SMBC buys 20 per cent of Yes Bank in biggest cross-border deal

      Japan’s Sumitomo Mitsui Banking Corporation (SMBC) acquired a 20 per cent stake in Yes Bank from SBI and other investors, becoming the largest shareholder. The deal strengthens governance, Japan–India trade flows, and corporate banking growth, with Yes Bank receiving upgraded AA- ratings. New Delhi: Japan’s Sumitomo Mitsui Banking Corporation (SMBC) has completed the acquisition of a 20 per cent stake in Yes Bank from state-owned State Bank of India (SBI) and other bank investors, the private sector lender announced on Thursday. With this transaction, SMBC has become Yes Bank’s largest shareholder, while SBI continues to hold a significant stake of over 10 per cent. This milestone marks the largest cross-border investment in an Indian private sector bank. The completion of the…

      Read More »
    • 21 September
      260

      GST 2.0 rationalisation cuts costs for textiles and logistics sectors

      The GST 2.0 rationalisation has reduced rates across textiles and logistics, easing structural anomalies, cutting costs, and boosting demand. The reforms will make garments more affordable, lower freight costs, strengthen SMEs, and enhance India’s export competitiveness, particularly in textile New Delhi: The rationalisation of Goods and Services Tax under GST 2.0 marks a significant reform aimed at removing structural anomalies, reducing costs, and boosting demand in the textile and logistics industries, both of which are vital for domestic growth, employment, and export competitiveness, according to an official statement on Thursday. By aligning tax rates across the value chain, the GST reform ensures affordability for consumers, sustains jobs in labour-intensive sectors, and enhances India’s ability to compete globally. In the textile sector,…

      Read More »
    • 21 September
      182

      Gameskraft lays off 120 employees after Online Gaming Act ban

      Online gaming firm Gameskraft has laid off 120 employees after India passed the Online Gaming Act, 2025, banning real-money gaming. The company cited regulatory pressures for halting operations, while FY25 profits also fell due to a ₹231 crore accounting adjustment New Delhi: Online gaming firm Gameskraft on Thursday said it is laying off 120 employees as it navigates a new regulatory landscape post the passage of the Online Gaming Bill, 2025. The implications of this legislation are complex, far-reaching, and have had an immediate and profound impact on the sector and Gameskraft, the company said in a statement. “The current regulatory landscape has made us completely stop our business and has left us with no choice but to initiate a company-wide…

      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