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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

    • Nov- 2025 -
      26 November
      98

      Hyderadbad-based Dr Reddy’s gets European approval for osteoporosis biosimilar AVT03

      Dr Reddy’s Laboratories has secured European Commission approval for AVT03, its biosimilar of Prolia and Xgeva used in treating osteoporosis and bone-related conditions. Developed by Alvotech, the product will be commercialised by Dr Reddy’s across the US, Europe, and other market New Delhi: Dr Reddy’s Laboratories on Monday said the European Commission has granted marketing authorisation for its biosimilar to treat osteoporosis. The company has received approval for AVT03, a biosimilar of Prolia (denosumab) and Xgeva (denosumab), the Hyderabad-based drug firm said in a statement. Prolia is a prescription medicine used to treat osteoporosis in women who have been through menopause and in men who are at increased risk of fractures, bone loss linked to hormone ablation in men with prostate…

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    • 25 November
      203

      India leads global AI confidence with expected 31 per cent ROI in two years

      Around 93 per cent of Indian businesses expect positive returns from AI investments within three years, according to a SAP-Oxford Economics report. India leads globally in AI confidence, investing USD 31 million this year, with ROI projected to rise from 15 per cent to 31 per cent by 2027 New Delhi: Around 93 percent of Indian businesses expect positive returns on their artificial intelligence (AI) investments within three years, the highest confidence level among all countries surveyed, according to a report released on Monday. The report from German multinational software company SAP, co-authored with Oxford Economics, found that Indian firms have already reported an average AI return on investment of 15 percent in 2025, projected to reach 31 percent within two…

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    • 25 November
      195

      Sensex, Nifty rebound on IT rally and global cues; market eyes US-India trade deal

      Sensex and Nifty rebounded in early trade Monday, supported by IT stocks and positive global trends. Investors are monitoring a potential US-India trade deal, while FIIs sold equities and DIIs bought, amid a slight dip in Brent crude prices. Mumbai: Benchmark indices Sensex and Nifty rebounded in early trade on Monday, driven by a rally in IT stocks and firm global market trends. The 30-share BSE Sensex climbed 218.44 points to 85,450.36 in early trade. The 50-share NSE Nifty went up by 69.4 points to 26,137.55. From the Sensex firms, Tech Mahindra, Infosys, HCL Technologies, Tata Consultancy Services, HDFC Bank and Maruti were among the biggest gainers. However, Bharat Electronics, Eternal, Mahindra & Mahindra and Tata Motors Passenger Vehicles were among the laggards.…

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    • 25 November
      275

      Rupee rebounds 49 paise to 89.17 after record fall, market eyes India-US trade deal

      The Indian rupee gained 49 paise to 89.17 against the US dollar on Monday, aided by equity market gains, RBI intervention, and falling crude prices. Analysts warn of potential weakness ahead of an expected India-US trade deal by December-end. Mumbai: The rupee rebounded on Monday from record lows, rising 49 paise to 89.17 against the greenback in early trade on US dollar selling by banks and a dip in global crude oil prices. A positive opening in the domestic equity markets and intervention by the Reserve Bank of India (RBI) lent support to the domestic unit, according to forex traders. The rupee opened at 89.46 against the greenback before rising to 89.17, up 49 paise from its previous close. The rupee plunged 98 paise to…

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    • 25 November
      216

      Britain’s Daily Mail publisher in talks to buy Telegraph

      The battle over ownership of Telegraph, a fixture on Britain’s media landscape since 1855, began in 2023, when the Barclay family lost control of the company in a dispute with its lenders London: The publisher of Britain’s Daily Mail has entered exclusive talks to buy Telegraph Media Group in a deal that would link two news groups that have traditionally supported the right-leaning Conservative Party. Daily Mail and General Trust plc (DMGT) said on Saturday that the talks were designed to finalise the terms of a 500 million-pound (USD 654-million) deal to buy the Telegraph from an Abu Dhabi-backed venture known as Redbird IMI. The proposed transaction comes after concerns about foreign ownership of British news organisations stalled Redbird IMI’s efforts…

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    • 24 November
      104

      Gold and silver prices stay volatile this week amid strong US data and global cues

      Gold and silver prices were highly volatile this week amid easing global trade tensions, stronger US economic data, and fading hopes of a December Fed rate cut. Gold fluctuated sharply on MCX, while silver ended lower despite broader bullish sentiment New Delhi: Gold and silver prices remained volatile this week amid signs of some ease in global trade order, fading expectations of a December rate cut by the US Federal Reserve, and a stronger dollar index. According to the Indian Bullion and Jewellers Association (IBJA), the price of 24-carat gold closed at Rs 1,22,653 per 10 grams on Friday, up Rs 221 against Monday’s price of Rs 1,22,432. Meanwhile, the price touched a week-low at Rs 1,21,691 on Tuesday and a…

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    • 24 November
      101

      India adopts FY 2022–23 as base year for GDP with new datasets

      India will adopt FY 2022–23 as the new base year for GDP estimates, incorporating new datasets from corporate filings, LLPs, and unincorporated enterprises. The revised methodology aims to improve coverage of private companies, MSMEs, and service sector activities New Delhi: India is set to undergo a significant economic statistical overhaul as the government announced updation of its GDP estimation framework, adopting 2022–23 as the new base year, an official statement has said. FY 2022-23 has been chosen as the base year of the new series, and the estimates of the new series are scheduled to be released on February 27, 2026, the statement said. The revised series will draw on new datasets unavailable during the last overhaul over a decade ago.…

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    • 24 November
      99

      Indian markets edge higher as Q2 earnings, trade optimism boost sentiment

      Nifty and Sensex post modest weekly gains amid earnings surprises, easing inflation, and improved India-US trade outlook; IT leads, metals and realty underperform. Mumbai: Indian equity benchmarks made marginal gains for the second week, supported by stronger second quarter (Q2) earnings, easing inflation and optimism around the India-US trade negotiations. Benchmark indices Nifty and Sensex edged higher 0.68 and 0.50 per cent during the week to close at 26,068 and 85,231, respectively Analysts said that a moderation in FII selling due to expectations of earnings upgrades in H2 FY26 also supported the rally. However, markets turned volatile on Friday amid weak global cues. The Nifty fell after failing to cross its previous all-time highs of 26,277, ending its two-day advance. Broader…

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    • 24 November
      96

      US sanctions Indian entities, individuals involved in Iranian petroleum & petroleum products sales 

      The US sanctioned several India-linked individuals and firms for involvement in Iranian petroleum sales, asserting the trade funds Tehran’s terrorist proxies and weapons programmes. The State and Treasury Departments expanded designations to disrupt Iran’s oil networks and intensify pressure under NSPM-2 New York/Washington: The Trump administration has sanctioned entities and individuals from India involved in sales of Iran’s petroleum and petroleum products, saying the funds from this trade support Tehran’s regional terrorist proxies and procure weapons systems that are “a direct threat” to the US. The Departments of State and Treasury sanctioned shipping networks responsible for funding the Iranian regime’s “malign activities” through illicit oil sales, as well as an airline and its affiliates that arm and supply Iran-backed terrorist groups.…

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    • 24 November
      96

      Reliance halts Russian crude at Jamnagar SEZ to meet EU sanctions

      Reliance Industries has stopped processing Russian crude at its export-only SEZ refinery in Jamnagar, Gujarat, effective November 20, to comply with European Union sanctions. From December 1, all exports will be derived from non-Russian oil, ensuring full compliance ahead of the January 2026 deadline. The move follows US sanctions on Rosneft and Lukoil, Russia’s largest oil exporters, and EU restrictions on fuels made from Russian crude. New Delhi: Reliance Industries Ltd on Thursday said it has halted the use of Russian crude at its export-only refinery in Jamnagar, Gujarat, as the company moves to comply with European Union sanctions. Reliance is India’s largest buyer of Russian oil, which it processes and turns into fuel, such as petrol and diesel, at its giant oil refining…

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