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

    • Jun- 2025 -
      11 June
      367

      India’s stock market skyrockets: Record growth under Modi’s government fuels investor surge

      From 1.67 Crore to Over 11.5 Crore Investors, Indian Market Capitalization Jumps from Rs 67 Lakh Cr to Rs 440 Lakh Cr, Marking a New Era in Digital Finance Mumbai: The Indian stock market has experienced remarkable growth over the past 11 years under Prime Minister Narendra Modi’s leadership, according to Ashish Kumar Chauhan, Managing Director and CEO of the National Stock Exchange (NSE). Chauhan highlighted that investor participation has exploded from 1.67 crore investors in May 2014 to over 11.5 crore unique investors today. Chauhan attributes this expansion to a period of stable political leadership paired with robust advancements in digital public infrastructure and mobile data connectivity. These improvements have made it easier for people from small towns, cities, and…

      Read More »
    • 11 June
      216

      Indian corporates set to double capital expenditure, fueling an $850 Billion investment surge

      Strong operating cash flows, lean balance sheets, and favorable government policies position Indian companies to transform key sectors including renewables, aviation, and green hydrogen over the next five years New Delhi: Indian corporates are projected to double their capital expenditure to between $800 billion and $850 billion over the next five years, according to an S&P Global Ratings report. This surge will be largely financed by strong operating cash flows and supported by ample domestic funding options. The report notes that, barring execution errors or negative macroeconomic shifts, these investments should significantly scale businesses without adding undue financial leverage. The report underscores that Corporate India is aggressively chasing growth opportunities. With leaner balance sheets and operating cash flows that are nearly…

      Read More »
    • 11 June
      238

      SPMCIL key in strengthening India’s economic, security printing framework: Sitharaman

      Finance Minister emphasised that the new facility would result in substantial cost savings on lease rentals while also improving administrative efficiency, internal coordination, and employee engagement New Delhi: Finance Minister Nirmala Sitharaman, while inaugurating the Security Printing and Minting Corporation of India Limited’s (SPMCIL) new corporate office here, has said that the corporation’s role is pivotal in strengthening India’s economic and security printing framework, and its commitment to innovation, self-reliance, and sustainability is commendable. In her keynote address, the Finance Minister emphasised that the new facility would result in substantial cost savings on lease rentals while also improving administrative efficiency, internal coordination, and employee engagement. Commending the corporation’s issuance of 210 commemorative coins to date, including 105 in the last decade,…

      Read More »
    • 10 June
      197

      Bitcoin introduced into Africa’s largest slum, with risks, rewards

      In Kenya’s Kibera slum, residents use Bitcoin for payments, with support from AfriBit Africa. Bitcoin offers low-cost transactions, but its volatility poses risks. While some see it as a path to financial freedom, others worry about overexposure to crypto’s instability Kibera (Kenya): Dotting the roadside in what is widely considered Africa’s largest urban slum are typical stands selling vegetables. What isn’t typical is their acceptance of bitcoin as a form of payment. Around 200 people use bitcoin in Soweto West, a neighbourhood of the Kibera slum in Kenya’s capital. It’s part of an initiative to extend financial services to one of the country’s poorest and most under-banked areas. Its promoters say the adoption of crypto fits with the ideals of bitcoin…

      Read More »
    • 10 June
      208

      World’s largest container ship MSC IRINA arrives at Vizhinjam International Seaport

      The MSC IRINA vessel arrived at Vizhinjam at 8 am on June 9, receiving a traditional water salute on arrival Thiruvananthapuram: The MSC IRINA, currently the world’s largest container ship by capacity, arrived at the Vizhinjam International Seaport here on Monday morning, port officials said. The vessel is expected to remain berthed until Tuesday. The vessel arrived at Vizhinjam at 8 am on Monday, receiving a traditional water salute on arrival. The arrival of the MSC IRINA marks a major step forward for the new deepwater port, which was formally inaugurated by Prime Minister Narendra Modi on May 2. With a carrying capacity of 24,346 TEUs (twenty-foot equivalent units), the massive ship is a striking symbol of the growing scale of global trade…

      Read More »
    • 10 June
      212

      Dalmia Cement expects bounce back in growth to 7-8 per cent for cement sector in FY26

      Sector consolidation in the cement industry by the big players is expected to continue as the leading companies are likely to enhance their capacity share to more than 60 per cent in the next two years, said the Dalmia Bharat leadership New Delhi: Sector consolidation in the cement industry by the big players is expected to continue as the leading companies are likely to enhance their capacity share to more than 60 per cent in the next two years, said the Dalmia Bharat leadership. Moreover, Dalmia Cement expects a bounce back in growth to 7-8 per cent for the cement sector in FY26, which witnessed a subdued cement demand growth of around 5 per cent last year amidst the general elections…

      Read More »
    • 10 June
      205

      Lalithaa Jewellery files draft papers with markets regulator Sebi

      Jewellery player Lalithaa Jewellery Mart has filed preliminary papers with markets regulator Sebi seeking its approval to raise Rs 1,700 crore through an Initial Public Offering (IPO) New Delhi: Jewellery player Lalithaa Jewellery Mart has filed preliminary papers with markets regulator Sebi seeking its approval to raise Rs 1,700 crore through an Initial Public Offering (IPO). The Chennai-based company’s proposed IPO is a combination of a fresh issue of shares worth Rs 1,200 crore and an offer-for-sale of equities valued at Rs 500 crore by M Kiran Kumar Jain, according to the Draft Red Herring Prospectus (DRHP). The issue includes a reservation for a subscription by eligible employees, and a discount is being offered to such employees. As per the draft…

      Read More »
    • 10 June
      196

      Rupee slips 4 paise to 85.72 against dollar as crude rises and RBI rate cut narrows yield gap

      The rupee fell 4 paise to 85.72 against the US dollar in early trade on Monday amid rising Brent crude prices and reduced yield appeal after RBI’s 50 bps rate cut. Traders expect short-term pressure on the currency. Mumbai: The rupee traded in a narrow range and depreciated 4 paise to 85.72 against the US dollar in early trade on Monday, weighed down by elevated crude oil prices and the dollar index. Forex traders said while the rupee benefitted from the initial reaction to the RBI rate cut, the aggressive rate cut narrows the interest rate differential with global peers. At the interbank foreign exchange, the domestic unit opened at 85.61 against the greenback. In initial trade, it witnessed an early high of…

      Read More »
    • 10 June
      174

      Sensex, Nifty rally after RBI rate cut and strong global cues

      Sensex and Nifty opened with sharp gains on Monday following a 50 basis point rate cut by the RBI and positive global market trends. Midcaps led the rally, while investor sentiment was boosted by Wall Street and Asian market strength. Mumbai: Benchmark equity indices Sensex and Nifty surged in early trade on Monday tracking a rally in global markets and upbeat investors’ sentiment following the Reserve Bank’s jumbo rate cut of 50 basis points. The 30-share BSE Sensex jumped 480.01 points to 82,669 in early trade. The 50-share NSE Nifty surged 157.05 points to 25,160.10. From the Sensex firms, Kotak Mahindra Bank, Tata Motors, Axis Bank, Maruti, Infosys, HCL Tech, Tech Mahindra and Bajaj Finance were the biggest gainers. However, Bharti Airtel, Eternal,…

      Read More »
    • 9 June
      308

      RBI cuts CRR by steep 1 per cent, to unlock Rs 2.5 lakh crore of bank funds

      RBI decided to cut Cash Reserve Ratio (CRR) by a huge 1 per cent, which will unlock Rs 2.5 lakh crore liquidity to the banking system for lending to productive sectors of the economy Mumbai: Reserve Bank on Friday decided to cut Cash Reserve Ratio (CRR) by a huge 1 per cent, which will unlock Rs 2.5 lakh crore liquidity to the banking system for lending to productive sectors of the economy. With the reduction in four equal tranches ending November 29, 2025, the CRR would come down to 3 per cent. This means that the commercial banks would have to maintain a lower level of 3 per cent in liquid cash form with the RBI allowing them to have higher…

      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