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

    • Nov- 2025 -
      23 November
      132

      Sensex, Nifty scale 52-week highs on global rally, FII buying

      Equity benchmark indices Sensex and Nifty hit their 52-week highs in early trade on Thursday, supported by a strong global rally, upbeat US tech earnings, and renewed FII and DII buying. Asian markets and firm crude prices further lifted investor sentiment. Mumbai: Equity benchmark indices Sensex and Nifty were trading higher in early trade on Thursday, mirroring a rally in global equity markets with fresh foreign fund inflows also adding to the optimistic trend. The 30-share BSE Sensex climbed 284.49 points to hit its 52-week high of 85,470.96 in early trade. The 50-share NSE Nifty went up by 83.35 points to 26,136 — its 52-week peak. From the Sensex firms, Adani Ports, Reliance Industries, Tata Motors Passenger Vehicles, Axis Bank, Mahindra & Mahindra…

      Read More »
    • 23 November
      126

      ED attaches fresh assets in case against Anil Ambani’s Reliance Group

      The Enforcement Directorate has attached assets worth over Rs 1,400 crore in its latest action against Anil Ambani and his companies in a money laundering case. This follows earlier attachments of Rs 7,500 crore under the Prevention of Money Laundering Act Enforcement Directorate, Anil Ambani, money laundering, asset attachment, PMLA, Reliance Group,New Delhi: The Enforcement Directorate (ED) has attached fresh assets worth crores of rupees as part of a money laundering probe related to Reliance Group chairman Anil Ambani and his companies, official sources said. The federal investigative agency had earlier attached properties worth Rs 7,500 crore in this case. The latest provisional attachment order has been issued under the Prevention of Money Laundering Act (PMLA) for the assets located in…

      Read More »
    • 23 November
      120

      Rupee slips 18 paise to 88.66 as dollar strengthens

      The rupee weakened by 18 paise to 88.66 against the US dollar on Thursday as the greenback gained on hawkish Fed minutes. Positive India-US trade signals, lower crude prices and firm equities capped losses, with forex analysts expecting stronger rupee momentum ahead. Mumbai: The rupee depreciated by 18 paise to 88.66 against the US dollar on Thursday, as the US dollar’s recovery capped the domestic unit’s upside. Forex traders said the dollar has staged a rally, moving above the 100 level, after the US Federal Reserve minutes indicated that most officials were opposed to a rate cut in December, following the October cut. At the interbank foreign exchange market, the rupee opened at 88.63, then lost ground and touched a low of 88.66…

      Read More »
    • 23 November
      140

      Adani wins lenders’ nod to take over debt-laden Jaiprakash Associate for Rs 14,535 crore

      Sources said lenders preferred Adani’s plan primarily because it offered a higher upfront payment compared to competing proposals New Delhi: The Adani group has won the majority of lenders’ votes for the takeover of debt-laden Jaiprakash Associates, as its Rs 14,535-crore acquisition proposal included a higher upfront payment than rival bidders, sources said. A Committee of Creditors voted on resolution plans (acquisition proposals) submitted by suitors, including Adani Group, Vedanta Ltd and Dalmia Cement (Bharat). Adani received the maximum 89 per cent of the votes from creditors, followed by Dalmia Cement (Bharat) and the Vedanta Group, they added. National Asset Reconstruction Company Ltd (NARCL) had the biggest say in the process as it controls about 86 per cent of the Committee of Creditors’…

      Read More »
    • 23 November
      124

      Sensex and Nifty dip in early trade amid weak global cues and FII outflows

      Sensex and Nifty fell in early trade, weighed by weak global market trends and foreign fund outflows. While FIIs sold equities, domestic investors bought. Asian indices traded mixed, and Brent crude dipped amid cautious investor sentiment on AI and US Fed policy. Mumbai: Equity benchmark indices Sensex and Nifty declined in initial trade on Wednesday, tracking weak global market trends and fresh foreign fund outflows. The 30-share BSE Sensex dropped 135.8 points to 84,537.22 in early trade. The 50-share NSE Nifty dipped 53.85 points to 25,856.20. From the Sensex firms, Tata Motors Passenger Vehicles, HDFC Bank, Bajaj Finserv, NTPC, and Sun Pharma were among the laggards. However, Infosys, Hindustan Unilever, Tata Consultancy Services, HCL Tech, Tech Mahindra and ICICI Bank were among the…

      Read More »
    • 22 November
      83

      Rupee rises 9 paise to 88.51 against US dollar amid lower crude prices and trade deal optimism

      The rupee gained 9 paise to 88.51 against the US dollar, aided by lower crude prices. Investor sentiment remained cautious amid volatile global equities, FII outflows, domestic PMI data, and developments in the proposed India-US trade agreement. Mumbai: The rupee gained 9 paise to 88.51 against the US dollar in early trade on Wednesday, supported by lower crude oil prices even as volatile equity markets across the globe weighed on investor sentiment. The rupee also faced pressure due to a strong American currency as well as withdrawal of foreign capital from domestic stock markets, forex traders said. At the same time, investors were concerned about the progress on the proposed India-US trade deal and the domestic PMI data to be released later this…

      Read More »
    • 22 November
      73

      Infosys to kick off largest-ever share buyback of Rs 18,000 crore on Nov 20

      The company aims to buy back 10 crore fully paid-up equity shares of face value of Rs 5 each, representing up to 2.41 per cent of the total paid-up equity share capital New Delhi: IT services giant Infosys’ largest-ever share buyback programme worth Rs 18,000 crore is set to open for subscription on Thursday, and will close on November 26, according to a regulatory filing. The company aims to buy back 10 crore fully paid-up equity shares of a face value of Rs 5 each, representing up to 2.41 per cent of the total paid-up equity share capital, at Rs 1,800 per share. “The eligible shareholders can tender their equity shares during the tendering period, ie from November 20, 2025, to November 26,…

      Read More »
    • 22 November
      93

      Sundar Pichai warns users not to blindly trust AI models

      Google CEO Sundar Pichai has urged users not to blindly trust AI outputs, warning that current models remain prone to errors. He also cautioned that no company, including Google, would be immune to a potential AI investment bubble burst London: Google boss Sundar Pichai has cautioned users not to “blindly trust” everything artificial intelligence (AI) tells them, even as he struck a warning note for companies to watch out for an AI investment bubble burst that no one would be immune to. In an interview with the BBC, the Indian-American CEO of Alphabet – the parent company of Google – pointed out that AI models are “prone to errors” and urged users to balance them alongside other tools. Pichai said this…

      Read More »
    • 22 November
      98

      C-DOT to establish quantum communication Centre of Excellence at Amaravati Quantum Valley

      C-DOT has signed an MoU with the Andhra Pradesh government to establish a Centre of Excellence for quantum communication and security systems at the Amaravati Quantum Valley. The centre will support NQM-aligned research, privacy technologies, and quantum-safe infrastructure development New Delhi: The Centre for Development of Telematics (C-DOT), the premier R&D centre of the telecom department, has signed a Memorandum of Understanding with the Andhra Pradesh government to participate in the Amaravati Quantum Valley (AQV) initiative. C-DOT plans to set up a centre of excellence (CoE) in quantum communication and security solutions, along with allied areas like privacy enhancement technologies (PETs), in Amaravati Quantum Valley, Andhra Pradesh. At the proposed Centre at AQV, C-DOT will focus on quantum communication solutions. The…

      Read More »
    • 22 November
      97

      India needs bolder economic goals, says Piyush Goyal at FICCI AGM

      Union Commerce Minister Piyush Goyal urged industry leaders at FICCI’s AGM to adopt bold targets, increase domestic investment in startups and R&D, involve next-generation leaders, and expand engagement beyond major cities to strengthen India’s long-term economic growth New Delhi: Union Commerce Minister Piyush Goyal on Tuesday urged industry leaders to adopt a more ambitious and proactive approach to help drive India’s growth. Speaking at FICCI’s 98th Annual General Meeting and Annual Convention, he outlined five key expectations from the industry and encouraged them to set bold, future-focused targets. Goyal first appealed to industry bodies to closely audit the results of their advocacy efforts. He said industry associations often push ideas and recommendations, but they rarely evaluate which of them were accepted…

      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