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 -
      5 June
      259

      FM Nirmala Sitharaman to review economy at FSDC meeting on June 10

      Finance Minister Nirmala Sitharaman is set to review the state of the economy amid global uncertainties at a meeting of the Financial Stability and Development Council (FSDC) on June 10 New Delhi: Finance Minister Nirmala Sitharaman is set to review the state of the economy amid global uncertainties at a meeting of the Financial Stability and Development Council (FSDC) on June 10. The 29th meeting of the high-level panel, to be held in Mumbai, will be attended by all financial sector regulators, including RBI Governor Sanjay Malhotra, sources said. This would be the first meeting after India recorded a growth of 6.5 per cent in FY25, the slowest in the last four years. The meeting, chaired by the Finance Minister, comes after…

      Read More »
    • 5 June
      241

      Confederation of All India Traders, Meta to train 25,000 women traders with digital skills

      CAIT and Meta have launched an initiative to equip 25,000 women traders across India with digital skills using the WhatsApp Business App New Delhi: The Confederation of All India Traders (CAIT) and Meta have launched an initiative to equip 25,000 women traders across India with digital skills using the WhatsApp Business App. The first phase of ‘Vyaapar Sakhi’ will run from June to November 2025, offering in-person training sessions in multiple Indian languages. The initiative aims to help women entrepreneurs build a credible online presence, showcase products, set up automated messages, and run ads on WhatsApp. The women’s wing of CAIT will lead the training, according to a release. “India is home to millions of women-led businesses, and empowering them is not just the right…

      Read More »
    • 5 June
      235

      Maruti Suzuki plans to invest over Rs 925 crore to ramp up solar capacity by FY31

      The Maruti Suzuki company commissioned a 20MWp solar power project at its new facility in Kharkhoda, Haryana, and added another 10MWp solar capacity to its Manesar facility New Delhi: Maruti Suzuki India on Wednesday said it plans to invest over Rs 925 crore to expand its captive solar capacity to 319 MWp by FY 2030-31. The car market leader announced the expansion of its solar capacity by 30MWp with two new projects. The company commissioned a 20MWp solar power project at its new facility in Kharkhoda, Haryana, and added another 10MWp solar capacity to its Manesar facility. With these additions, the company’s solar capacity across its locations has enhanced from 49MWp to 79MWp in the last one year, Maruti Suzuki India…

      Read More »
    • 5 June
      219

      Rupee slips 25 paise to 85.86 against US dollar on FII outflows

      The rupee weakened by 25 paise to 85.86 against the US dollar in early trade on Wednesday amid FII outflows. The decline was cushioned by positive equities and soft crude prices. Markets await RBI’s policy announcement later this week. Mumbai: The rupee depreciated 25 paise to 85.86 against the US dollar in early trade on Wednesday amid outflows of foreign funds. Forex traders said the decline was limited by a positive domestic equity market, softer global crude oil prices and a weak American dollar. At the interbank foreign exchange, the rupee opened on a weak note at 85.69 and slipped further by 25 paise to 85.86 against the American currency in early trade. On Tuesday, the rupee fell 22 paise to…

      Read More »
    • 5 June
      207

      Sensex, Nifty rebound after 3-day slide as global markets rally

      Benchmark indices Sensex and Nifty bounced back in early trade Wednesday, ending a three-session losing streak. Gains were driven by a global market rally, steady SIP inflows, and stronger-than-expected US job data, despite ongoing concerns over trade policies. Mumbai: Benchmark stock indices Sensex and Nifty rebounded in early trade on Wednesday after three days of decline tracking a rally in global markets. The 30-share BSE Sensex climbed 230.17 points to 80,967.68 in early trade. The NSE Nifty went up by 70.25 points to 24,612.75. From the Sensex firms, Bharti Airtel, Eternal, IndusInd Bank, Maruti, Tata Motors and Bajaj Finance were the major gainers. However, Tata Consultancy Services, UltraTech Cement, Titan and ICICI Bank were among the laggards. In Asian markets, South…

      Read More »
    • 4 June
      343

      TCS, Virgin Atlantic sign 7-year partnership to modernise airline’s core system with AI-led solutions

      India’s largest IT services company, TCS, announced a seven-year extended partnership with Virgin Atlantic to modernise the airline’s core systems with AI-led solutions that will amplify personalised, connected, sustainable experiences New Delhi: India’s largest IT services company, Tata Consultancy Services, on Tuesday announced a seven-year extended partnership with Virgin Atlantic to modernise the airline’s core systems with AI-led solutions that will amplify personalised, connected, sustainable experiences. The companies did not divulge the financial details of the deal, which expands a two-decade-long strategic partnership between the two organisations. “Under this renewed seven-year agreement, the two organisations will deepen their collaboration to strengthen the technological foundations of Virgin Atlantic, enable modern airline retailing, deliver greater operational resilience, and enhance customer experience,” according to…

      Read More »
    • 4 June
      311

      There is need for greater certainty on India’s taxation system: IATA

      Global airlines’ grouping IATA said there needs to be greater certainty in India’s taxation system, which is very complex New Delhi: Global airlines’ grouping IATA on Tuesday said there needs to be greater certainty in India’s taxation system, which is very complex. India is one of the world’s fastest-growing civil aviation markets and airlines are expanding their fleets and networks to meet the rising demand. IATA Director General Willie Walsh said the rate of growth in the Indian aviation market will be higher than in China. Against the backdrop of foreign airlines getting tax notices in recent times, Walsh said the taxation system in India is complex and there needs to be “greater uncertainty”. The International Air Transport Association (IATA) represents over 350 airlines…

      Read More »
    • 4 June
      308

      OpenAI announces its global ‘AI for Impact Accelerator Programme’ in India

      ChatGPT maker OpenAI announced the next phase of its global ‘AI for Impact Accelerator Programme’ in India, highlighting a year of support for mission-driven organisations using artificial intelligence to solve real-world social problems New Delhi: ChatGPT maker OpenAI on Tuesday announced the next phase of its global ‘AI for Impact Accelerator Programme’ in India, highlighting a year of support for mission-driven organisations using artificial intelligence to solve real-world social problems. As part of this initiative, 11 nonprofits will receive new API credits, bringing the total value of technical grants under this initiative to $150,000. OpenAI API credits function as a prepaid payment method which means instead of relying on monthly billing through a credit card, users can purchase credits in advance…

      Read More »
    • 4 June
      309

      ICEA rolls out industry-wide initiative to foster tech and AI innovation

      The unique industry-wide initiative to collaboratively foster tech and AI innovation will connect companies with transformative innovations across domains such as advanced manufacturing, AI, IoT, energy efficiency, materials science, and more New Delhi: The India Cellular and Electronics Association (ICEA) on Tuesday announced a unique industry-wide initiative to collaboratively foster tech and AI innovation for the benefit of India’s manufacturing sector. The programme will connect companies with transformative innovations across domains such as advanced manufacturing, AI, IoT, energy efficiency, materials science, and more. The ICEA launched Venture Access Labs — a technology innovation access programme in collaboration with venture capital fund Caret Capital. This initiative aims to empower India’s electronics and appliances manufacturing companies by enabling them to discover, curate,…

      Read More »
    • 4 June
      361

      NITI Aayog suggests ‘dual-track approach’ in India-US trade, amid reciprocal tariff

      The Aayog, in a working paper titled ‘Promoting India-US Agricultural Trade Under the New US Trade Regime’, said that India’s agricultural sector needs safeguards to ensure price stability for both producers and consumers against excessive volatility in international markets New Delhi: In the aftermath of ‘reciprocal tariffs’ by the US, India should adopt dual-track approach and selectively reduce high tariffs on non-sensitive agricultural commodities imports from Washington, while also strategically offer concessions where domestic supply gaps exist, a NITI Aayog working paper has said. The Aayog, in a working paper titled ‘Promoting India-US Agricultural Trade Under the New US Trade Regime’, said that India’s agricultural sector needs safeguards to ensure price stability for both producers and consumers against excessive volatility in…

      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