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

    • May- 2025 -
      17 May
      276

      Startup mentor Viiveck Verma on Hyderabad’s role in India’s Deep Tech and Defence future

      A TEDx Hyderabad licensee, angel investor in over 35 startups, and mentor to more than 300 ventures, Viiveck’s impact is both wide-reaching and deeply personal Hyderabad: In the heart of Hyderabad’s booming startup ecosystem, one name continues to inspire, mentor, and transform the journeys of hundreds of entrepreneurs—Viiveck Verma. A TEDx Hyderabad licensee, angel investor in over 35 startups, and mentor to more than 300 ventures, Viiveck’s impact is both wide-reaching and deeply personal. His mentorship philosophy is clear: mentorship is not about advice, but empowerment. “A startup’s journey is a marathon, not a sprint. Mentorship provides the clarity and support needed to stay the course,” Viiveck said during an interaction at FTCCI, Hyderabad. Viiveck believes that the next wave of…

      Read More »
    • 17 May
      216

      5 out of 10 MakeMyTrip directors have direct ties to China, says EaseMyTrip founder

      EaseMyTrip founder Nishant Pitti had earlier shared on X that “Indian Armed Forces book discounted tickets via a platform majorly owned by China, entering Defence ID, route & date. Our enemies know where our soldiers are flying” New Delhi: EaseMyTrip founder Nishant Pitti on Friday accused rival online travel and hospitality major MakeMyTrip of putting the travel data of Indian Armed Forces personnel into danger, alleging that “half of MakeMyTrip’s board —five out of 10 directors have direct ties to China, including pivotal appointments by Trip.com, a company with Chinese ownership”. According to Pitti, “three of the four most strategic board committees (at MakeMyTrip) are either led or significantly influenced by directors with clear Chinese affiliations, giving them disproportionate sway over critical…

      Read More »
    • 17 May
      370

      IndusInd Bank shares tumble nearly 6 per cent

      The stock tanked 5.68 per cent to Rs 735.95 on the BSE. At the NSE, shares of the firm dropped 3.90 per cent to Rs 750 New Delhi: Shares of IndusInd Bank on Friday dropped nearly 6 per cent after the firm said its Internal Audit Department (IAD) has found “unsubstantiated balances” of Rs 595 crore in “other assets” of its balance sheet, and has also examined the roles of key employees in this lapse. The stock tanked 5.68 per cent to Rs 735.95 on the BSE. At the NSE, shares of the firm dropped 3.90 per cent to Rs 750. In a regulatory filing on Thursday, IndusInd Bank said this balance was, later in January 2025, set off against corresponding…

      Read More »
    • 16 May
      333

      Apple’s India plans intact, say source even as Trump asks CEO Tim Cook to focus on US

      Time Cook announced that Apple will source majority of iPhones sold in the US from India in the June quarter while China will produce the vast majority of devices for other markets amid uncertainty over tax tariffs New Delhi: iPhone maker Apple’s investment plans for India are intact and the company proposes to have a major manufacturing base for its products in the country, government sources said. Soon after US President Donald Trump made a statement that he has asked Apple CEO Tim Cook to cut India manufacturing, Indian officials spoke to executives of the Cupertino-based firm. Apple executives assured the Indian government officials that the company’s investment plans are intact and the country would be a major manufacturing base of Apple. “Apple…

      Read More »
    • 16 May
      294

      India offering US zero tariff trade deal, says Donald Trump

      US President also tells Apple CEO Tim Cook to give up plan of setting up more manufacturing facilities in India New Delhi: US President Donald Trump said on Thursday that India has offered to enter a bilateral trade deal with the US that “basically” proposes that “no tariffs” would be levied on a range of American goods. “They are offering us a deal where basically they are willing to literally charge us no tariffs,” Trump said during a meeting with business executives in Qatar’s capital Doha where he is on a state visit.However, Trump did not offer any further details. The US President also said that he told Apple CEO Tim Cook to give up his plan of setting up more manufacturing facilities…

      Read More »
    • 16 May
      430

      Chinese J-10 fighter jet maker’s stock nosedives after India’s decisive victory

      Chinese defence firm Avic Chengdu Aircraft, the maker of J-10 fighter jets which were used by Pakistan against India during the conflict, has seen its share price crashing almost 12 per cent New Delhi: Chinese defence firm Avic Chengdu Aircraft, the maker of J-10 fighter jets which were used by Pakistan against India during the conflict, has seen its share price crashing almost 12 per cent. The sharp drop in its stock came after the Prime Minister Narendra Modi’s speech upon the successful completion of ‘Operation Sindoor’ which resulted in a decisive victory for India. Shares of Chinese defence companies faced a heavy selloff this week while Indian defence sector stocks surged. From Monday’s close of 95.86 yuan per share levels,…

      Read More »
    • 15 May
      272

      Mukesh Ambani flies to Qatar to meet Trump, second meeting since inauguration

      Reliance had last year secured waivers from the US to resume importing crude oil from Venezuela. It, however, had to stop that in March following Trump authorising a 25 per cent tariff on countries buying the South American country’s oil New Delhi: Richest Asian Mukesh Ambani is flying to Doha to meet US President Donald Trump, his second meeting since Trump returned to presidency in January this year. Ambani will attend a state dinner that the Emir of Qatar is hosting for Trump at the Lusail Palace in Doha on Wednesday, sources with direct knowledge of the matter said. Reliance Industries Ltd, the firm that Ambani heads, did not reply to an email sent for comments. While business discussions are off the table,…

      Read More »
    • 15 May
      389

      IMF disburses USD 1.023 billion tranche under Extended Fund Facility programme for Pakistan

      The disbursement of the second tranche comes on a day when the International Monetary Fund (IMF) is holding virtual discussions on Pakistan’s upcoming budget, as the visit of its mission to Islamabad was delayed due to security concerns in the region Karachi/Islamabad: The International Monetary Fund has disbursed a second tranche of USD 1.023 billion under the Extended Fund Facility programme for Pakistan, the central bank said on Wednesday. The disbursement of the second tranche comes on a day when the International Monetary Fund (IMF) is holding virtual discussions on Pakistan’s upcoming budget, as the visit of its mission to Islamabad was delayed due to security concerns in the region. The federal government is planning to unveil the budget for fiscal…

      Read More »
    • 15 May
      264

      Govt approves Rs 3,706 crore HCL-Foxconn semiconductor joint venture

      The proposed HCL-Foxconn semiconductor plant will manufacture display driver chips for mobile phones, laptops, automobiles, and other devices New Delhi: The government on Wednesday approved an HCL-Foxconn semiconductor joint venture, which will set up a wafers manufacturing plant at an estimated cost of Rs 3,706 crore at Jewar in Uttar Pradesh. The proposed HCL-Foxconn semiconductor plant will manufacture display driver chips for mobile phones, laptops, automobiles, and other devices, said I&B Minister Ashwini Vaishnaw while briefing the media on the decision taken by the Union Cabinet. The unit will process 20,000 wafers per month and create about 2,000 jobs, a release said.

      Read More »
    • 14 May
      252

      OTT platform Prime Video to include ‘limited advertisements’

      In a press release, the OTT platform said, “Prime video movies and TV shows will include limited advertisements. This will allow us to continue investing in compelling content and keep increasing that investment over a long time.” Hyderabad: Following the path of other OTT platforms, Prime Video has decided to include ‘limited advertisements’ in order to generate revenue for producing varied content for its subscribers. In a press release, the OTT platform said, “Prime video movies and TV shows will include limited advertisements. This will allow us to continue investing in compelling content and keep increasing that investment over a long time.” Meanwhile, Prime users can also opt for a new advertisement-free add-on option by paying an additional Rs.699 per year…

      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