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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

    • Jul- 2025 -
      19 July
      193

      Sensex, Nifty fall in early trade as Axis Bank results drag banking stocks; FIIs remain net sellers

      Benchmark indices opened lower on Friday as weak Q1 results from Axis Bank dragged banking stocks. Continued FII selling and cautious sentiment around earnings further weighed on markets. Power stocks bucked the trend while global markets remained mixed. Mumbai: Equity benchmark indices Sensex and Nifty declined in initial trade on Friday dragged by foreign fund outflows and a muted start to the earnings season. Analysts said sentiment among banking stocks is especially cautious in response to Axis Bank’s latest financial results, which fell short of market expectations. The 30-share BSE Sensex declined 185.67 points to 82,073.57 in early trade. The 50-share NSE Nifty dropped 45.4 points to 25,066.05. From the Sensex firms, Axis Bank tumbled nearly 5 per cent after the firm reported…

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    • 19 July
      195

      Rupee gains 6 paise to 86.06 against US dollar amid weaker greenback, softer crude prices

      The rupee gained 6 paise to 86.06 against the US dollar on Friday, supported by softer crude prices and a weaker dollar. However, continued foreign fund outflows limited further gains. Equity markets also opened lower amid trade deal uncertainties. Mumbai: The rupee appreciated 6 paise to 86.06 against the US dollar in early trade on Friday on the back of a weaker greenback and a marginal drop in global crude oil prices. However, steady foreign fund outflows capped sharp gains for the local unit, forex traders said. At the interbank foreign exchange, the rupee opened at 85.99 before dropping to 86.06 against the US dollar, up 6 paise from its previous close. The rupee declined 20 paise to settle at 86.12 against the…

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    • 18 July
      203

      Apple ramps up iPhone production in India to record high in H1 2025

      Apple achieved record iPhone production and exports in India during H1 2025, driven by a 53 per cent year-on-year rise. With Foxconn and Tata leading output, the move marks a strategic shift away from China and strengthens the Make in India push Apple achieved record iPhone production and exports in India during H1 2025, driven by a 53 per cent year-on-year rise. With Foxconn and Tata leading output, the move marks a strategic shift away from China and strengthens the Make in India push According to data by market research firm Canalys, iPhone production in India jumped 53 per cent year-on-year (YoY) between January and June 2025, reaching 23.9 million units. This is Apple’s strongest ramp-up since it began assembling…

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    • 18 July
      142

      Airtel users get one-year free access to Perplexity Pro AI tool

      Bharti Airtel has partnered with AI platform Perplexity to offer its 360 million customers a free one-year Perplexity Pro subscription worth Rs 17,000 New Delhi: Bharti Airtel on Thursday said it has partnered with AI-powered search and answer engine Perplexity to offer its 12-month Perplexity Pro subscription worth Rs 17,000 free of cost to all its 360 million customers. Perplexity offers real-time, accurate and deeply researched responses to users in a conversational language. Perplexity has a free offering, which offers powerful search functions, while the Pro version provides enhanced capabilities for professionals and heavy users. Perplexity Pro includes more daily Pro searches per user, access to advanced AI models (GPT 4.1, Claude) and the ability to select specific models, deep research,…

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    • 18 July
      188

      Sensex, Nifty slip after early gains as markets await India-US trade deal cues

      Sensex and Nifty opened higher on Thursday but slipped into negative territory amid cautious investor sentiment ahead of India-US trade talks. FII outflows and underwhelming Tech Mahindra earnings weighed on markets, even as global oil prices and US equities rose. Mumbai: Equity benchmark indices Sensex and Nifty started the day on a firm note on Thursday but later faced selling pressure, with investors remaining in a wait-and-watch mode, as hopes are pinned on a favourable outcome from the US-India trade talks. Fresh foreign fund outflows also dented investors’ sentiment as they preferred staying on the sidelines. The 30-share BSE Sensex climbed 119.05 points to 82,753.53 in opening trade. The 50-share NSE Nifty went up by 18.7 points to 25,230.75. However, later the BSE…

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    • 18 July
      193

      Rupee rises 12 paise to 85.80 against US dollar on softening crude, trade talk optimism

      The rupee rose 12 paise to 85.80 against the US dollar on Thursday, supported by falling crude prices and progress in India-US trade talks. Gains were capped by FII outflows and a firm dollar. Brent crude traded lower at USD 68.46. Mumbai: The rupee rose 12 paise to 85.80 against the US dollar in early trade on Thursday amid a drop in global crude oil prices and a hope of a breakthrough in the ongoing India-US trade talks. However, a strengthening dollar against overseas currencies and FII outflows prevented sharper gains in the local unit, according to forex traders. At the interbank foreign exchange, the rupee opened weaker at 85.93 against the US dollar but moved into positive territory to 85.80, up 12…

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    • 17 July
      242

      RBI to ‘wait and watch’ before further rate cuts: Governor Sanjay Malhotra

      Both growth and price stability equally important, says RBI Governor New Delhi: Reserve Bank will “wait and watch” the evolving situation before deciding on any further rate cut, Governor Sanjay Malhotra has said as he emphasised that both growth and price stability are equally important. With inflation on a downward trend, the RBI’s Monetary Policy Committee (MPC) has been reducingrowthg the benchmark repo rate and has adopted a neutral stance, which also gives the flexibility to either cut or hike the rate going forward. The central bank has cumulatively reduced the repo rate by 100 basis points since February. In an interview with television channel CNBC-TV18, Malhotra said internal assessments are done on inflation outlook, and he does not know whether it will…

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    • 17 July
      160

      Nvidia most traded US stock among Indian investors in Q2 2025: Vested report

      Nvidia was the most traded US stock among Indian investors in Q2 2025, followed by strong interest in Alphabet, Tesla, and Duolingo, according to Vested. ETF adoption surged across sectors, reflecting conviction-driven investing amid global economic shifts. New Delhi: Chipmaker Nvidia Corporation, which recently touched a $4 trillion market cap mark, was the most traded US stock by Indian investors, topping both buy and sell lists in the April-June period (Q2 2025), a report said on Wednesday. Nvidia captured 6.4 per cent of total buy volumes and 8.3 per cent of total sell volume, reflecting both profit-booking and buying interest, Vested Finance’s ‘Global Investing Behaviour Report’ showed. Meanwhile, Alphabet, the parent company of Google, stood out with the highest net inflows and…

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    • 17 July
      239

      Sensex, Nifty decline on weak global cues, sticky US inflation, tariff concerns

      Sensex and Nifty opened lower on Wednesday amid global market weakness and rising US inflation. Experts cited tariff-related uncertainty and lack of earnings momentum as key concerns. Asian indices also traded mixed, while Brent crude inched up 0.20%. Mumbai: Stock market benchmark indices Sensex and Nifty declined in early trade on Wednesday in-line with a muted trend in global equities amid an uptick in US inflation. Tariff-related uncertainty also made investors to stay on the sidelines, experts said. The 30-share BSE Sensex dropped 103.16 points to 82,467.75 in early trade. The 50-share NSE Nifty dipped 56.75 points to 25,139.05. From the Sensex firms, Mahindra & Mahindra, Tata Motors, Tata Steel, Eternal, Bajaj Finance and Bajaj Finserv were among the major laggards. However, Trent,…

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    • 17 July
      206

      Rupee falls 22 paise to 85.98 amid rising crude prices, trade slowdown

      The rupee fell 22 paise to 85.98 against the US dollar in early trade on Wednesday, weighed by rising global crude prices and weak trade data. However, later gains were supported by FPI inflows and a weaker dollar overseas. Mumbai: The rupee declined 22 paise to 85.98 against the US dollar in early trade on Wednesday amid a rise in global crude oil prices and a decline in exports and imports, which indicated a slowing economy. However, FPI inflows cushioned against steeper losses in the local unit, according to forex traders. At the interbank foreign exchange, the rupee opened at 86.02 against the dollar before inching up to 85.98, down 22 paise from its previous close. The rupee appreciated 16 paise to close…

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