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

    • Dec- 2025 -
      1 December
      118

      India’s GDP projected at USD 7.3 trillion as it aims to be third-largest economy by 2030

      India, already the world’s fourth-largest economy, is projected to become the third-largest by 2030 with a $7.3 trillion GDP. Strong sectoral growth, softening inflation, and policy reforms are driving sustained economic momentum and global investor confidence New Delhi: Already the world’s fourth largest economy, the nation is charting a confident course towards becoming the third largest one by 2030 — with GDP projected at $7.3 trillion, according to an official statement. India’s economic ascent continues to capture global attention, and the current growth phase reflects the strength of decisive policymaking, structural reforms, and India’s deepening global integration, the statement added. As per the latest data, the real GDP of India, adjusted for inflation, is estimated to grow by 8.2 per cent…

      Read More »
    • Nov- 2025 -
      30 November
      115

      India in talks with 50 nations for fair and balanced trade deals: Piyush Goyal

      India is in talks with 14 countries or blocs representing 50 nations on fair and balanced trade agreements, Commerce Minister Piyush Goyal said. He highlighted India’s focus on resilient supply chains, self-reliance, innovation, and expanding partnerships through major FTAs New Delhi: Commerce and Industry Minister Piyush Goyal said on Friday that India is currently engaged in discussions on fair and balanced trade deals with 14 countries or groups representing nearly 50 nations, including the United States, the European Union, GCC countries, New Zealand, Israel, Eurasia, Canada, South Africa, and the Mercosur group. Addressing the annual general meeting of the Federation of Indian Chambers of Commerce and Industry (FICCI), the Minister underlined that balanced and equitable trade agreements have already been concluded…

      Read More »
    • 30 November
      103

      Apple announces fifth India store, set to open in Noida next week

      Apple will open its first retail store in Noida on December 11 at DLF Mall of India, marking its fifth outlet in India. The store will feature Apple’s latest devices, expert support, free workshops, and exclusive content ahead of launch. New Delhi: Apple on Friday announced that it will open its first retail store in Noida on December 11, marking the launch of its fifth own store in India. The new outlet, Apple Noida, will be located inside DLF Mall of India and will offer customers a dedicated space to explore Apple products, get expert support, and experience the brand’s services in person. The company revealed the store barricade earlier today, showcasing a colourful design inspired by peacock feathers — a…

      Read More »
    • 30 November
      103

      I-T dept to alert 25,000 taxpayers over undisclosed foreign assets

      The Income Tax Department will send SMSs/emails to 25,000 high-risk taxpayers over undisclosed foreign assets. The CBDT urges filing revised ITRs by December 31, 2025, to avoid penalties under the Black Money Act, expanding the nudge campaign nationwide New Delhi: The Income Tax department will start sending SMS/emails to about 25,000 individuals, who are part of the “high-risk” cases identified for non-disclosure of foreign assets in the income tax returns (ITRs) filed for Assessment Year (AY) 2025-26, sources said. The “high-risk” cases have been identified on the basis of information received from foreign jurisdictions under the Automatic Exchange of Information (AEOI) framework. As part of the ‘nudge’ campaign, the Central Board of Direct Taxes (CBDT) in the first phase will target…

      Read More »
    • 29 November
      94

      Sensex, Nifty extend rally; Nifty hits fresh record high on global cues and Fed cut hopes

      Benchmark indices extended their rally on Thursday, with the Nifty hitting a new record high on strong global cues, rising expectations of a US Fed rate cut and continued foreign inflows. Asian markets and Wall Street gains further supported sentiment. Mumbai: Stock market benchmark indices extended their previous day’s rally in early trade on Thursday, with the Nifty hitting its fresh record high amid favourable global trends on growing hopes of a US Fed rate cut and foreign fund inflows. The 30-share BSE Sensex advanced 313.38 points to 85,922.89 in early trade. The 50-share NSE Nifty rallied 90.25 points to hit an all-time high of 26,295.55. The broader index had earlier scaled its record intra-day high of 26,277 on September 27, 2024. From…

      Read More »
    • 29 November
      89

      Rupee slips 2 paise to 89.24 against US dollar in early trade

      The rupee weakened by 2 paise to 89.24 against the US dollar in early trade on Thursday amid increased demand for the greenback from importers. Fresh foreign inflows, easing crude oil prices, and firm domestic equities provided partial support to the currency. Mumbai: The rupee stayed weak trading 2 paise lower at 89.24 against the US dollar in early trade on Thursday due to increased demand of American currency from importers amid volatile global trade. According to forex traders, the rupee found support from fresh inflow of foreign capital into domestic stock markets and lower crude oil prices in the international market. At the interbank foreign exchange market, the rupee opened at 89.19 and lost further to trade at 89.24 against…

      Read More »
    • 29 November
      81

      Sensex and Nifty rebound in early trade tracking global rally and foreign inflows

      Sensex and Nifty rebounded in early trade on Wednesday after three days of decline, supported by strong global cues and fresh foreign fund inflows. Most Asian markets traded higher, while Brent crude rose and US markets closed on a positive note. Mumbai: Stock market benchmark indices Sensex and Nifty rebounded in early trade on Wednesday after three-days of decline in tandem with a rally in global peers and fresh foreign fund inflows. The 30-share BSE Sensex climbed 307.93 points to 84,894.94 in early trade. The 50-share NSE Nifty went up by 93.5 points to 25,978.30. From the Sensex firms, Tata Motors Passenger Vehicles, Adani Ports, Tata Steel, Trent, Power Grid and Axis Bank were among the major gainers. Bharti Airtel emerged as the…

      Read More »
    • 26 November
      90

      Rupee gains 2 paise against US dollar on weak greenback and strong equity cues

      The rupee recovered early losses to trade at 89.20 against the US dollar on Wednesday, supported by foreign inflows and strong domestic equity sentiment. A slightly weaker dollar index helped, though rising crude prices continued to exert pressure on the currency. Mumbai: The rupee pared initial losses and strengthened 2 paise to 89.20 against the US dollar in early trade on Wednesday tracking a weak greenback and firm domestic equity market sentiment. According to forex traders, some inflow of foreign capital into domestic stock markets also supported the Indian currency even though rising crude oil prices kept it under pressure. At the interbank foreign exchange market, the rupee opened at 89.24, lost to 89.26 and then regained to trade at 89.20 against the…

      Read More »
    • 26 November
      85

      Gold prices jump over 1 pc on festive demand

      Gold and silver prices surged in India amid expectations of a US Fed rate cut and strong festive demand. MCX gold touched Rs 1,25,106 per 10 grams, tracking global gains as investors shifted to safe-haven assets ahead of key US economic data Mumbai: Gold prices saw a strong rise on Tuesday as expectations of a US Federal Reserve rate cut and festive season demand boosted sentiment. In early trade on the Multi Commodity Exchange (MCX), gold futures for December delivery were up 1 per cent at Rs 1,25,106 per 10 grams around 9:47 am. Silver prices also moved higher. MCX Silver December contracts were trading 1.34 per cent higher at Rs 1,56,551 per kg during the same time. “In INR gold…

      Read More »
    • 26 November
      98

      TRAI urges users to report spam through DND app instead of blocking numbers

      Trai has advised mobile users to report spam calls and messages through its DND app, saying that blocking numbers on devices does not stop spam at the source. The regulator has already disconnected over 21 lakh numbers based on user complaints New Delhi: Simply blocking phone numbers on mobile devices will not stop spam calls, and subscribers should instead report them through the Trai DND app, the telecom regulator said on Monday. The Telecom Regulatory Authority of India (Trai) said it has disconnected and blacklisted more than 21 lakh mobile numbers and around one lakh entities involved in sending spam and fraudulent messages based on subscribers’ complaints registered on the DND app. “The Telecom Regulatory Authority of India (Trai) has issued…

      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