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 -
      14 May
      234

      Hyderabad-based Suven Life’s Q4 net loss widens to Rs 43.9 crore 

      The widening of losses comes on the back of a sharp fall in revenue, which declined to Rs 1.5 crore in Q4 from Rs 2.4 crore a year ago Mumbai: Homegrown biopharma major Suven Life Sciences on Tuesday reported over 65 per cent increase in its net loss for the fourth quarter (Q4) of FY25, as a significant drop in revenue weighed heavily on its financial performance. The company posted a consolidated net loss of Rs 43.9 crore in Q4, compared to a loss of Rs 26.5 crore in the same quarter last fiscal (Q4 FY24) — reflecting a steep year-on-year (YoY) increase of nearly 65.66 per cent, according to its stock exchange filing. This widening of losses came on the…

      Read More »
    • 14 May
      215

      Hyderabad-based TajGVK Hotels Q4 PAT rises 10.6 per cent

      The TajGVK had reported a PAT of Rs 25.85 crore in the January-March quarter of FY24. Its total revenue for the quarter stood at Rs 130.59 crore against Rs 116.69 crore a year ago, a regulatory filing showed New Delhi: TajGVK Hotels on Tuesday reported a 10.6 per cent rise in its consolidated profit after tax to Rs 28.6 crore for the fourth quarter of FY25. The company had reported a PAT of Rs 25.85 crore in the January-March quarter of FY24. Its total revenue for the quarter stood at Rs 130.59 crore against Rs 116.69 crore a year ago, a regulatory filing showed. The total expenses in the quarter also rose to Rs 96.48 crore from Rs 81.59 crore a…

      Read More »
    • 14 May
      346

      Paytm shares tumble 5 per cent; hit fresh lower circuit level

      The stock dropped 4.99 per cent to Rs 823.10 on the BSE. At the NSE, it tanked 4 per cent to Rs 830.55. Ant Group is likely to offload up to 4 per cent stake worth about Rs 2,066 crore in One97 Communications, according to sources New Delhi: Shares of One97 Communications, the owner of the Paytm brand, declined 5 per cent on Tuesday morning trade amid reports that financial Services company Ant Group is likely to offload up to 4 per cent stake worth about Rs 2,066 crore in the fintech firm. The stock dropped 4.99 per cent to Rs 823.10 on the BSE. At the NSE, it tanked 4 per cent to Rs 830.55. Ant Group is likely to…

      Read More »
    • 13 May
      336

      Opinion: India must build a truly circular economy

      While India has signalled bold ambitions to embrace circularity, the path remains strewn with policy bottlenecks, capacity gaps and systemic inertia By Sarmistha Mishra, Souryabrata Mohapatra By 2030, India is poised to become the world’s third-largest economy. Yet, amid this remarkable ascent lies a growing mountain — of garbage. India generates 1,60,038 tonnes of waste per day (TPD), but only half of this is treated. A staggering 29,427 TPD is dumped in landfills, while nearly 51,000 TPD disappears unaccounted for. These numbers speak not just of poor waste management but also of an economic model that’s still stuck in a linear loop of “take, make, dispose.” The circular economy (CE) — a model that designs out waste and pollution, keeps products and…

      Read More »
    • 13 May
      331

      ReNew Power funds Rs 22,000 cr to establish India’s largest renewable energy complex in Andhra Pradesh

      ReNew will set up a 1,800 megawatt solar energy plant and another 1,000 MW wind facility along with a battery energy storage system BESS) of 2 gigawatt hour (GWh) in two phases at Anantapur in Andhra Pradesh Vijayawada: ReNew Power, a leading green energy company, is set to invest Rs 22,000 crore in establishing India’s largest renewable energy complex in Andhra Pradesh, marking its return to the state after five years. ReNew will set up a 1,800 megawatt solar energy plant and another 1,000 MW wind facility along with a battery energy storage system (BESS) of 2 gigawatt hour (GWh) in two phases at Anantapur in Andhra Pradesh, sources with direct knowledge of the matter said. The company will also set…

      Read More »
    • 13 May
      322

      India extends crucial financial support to Maldives through rollover of USD 50 million Treasury Bill

      At the request of the Maldivian government, the State Bank of India (SBI) has subscribed, for one more year, a USD 50 million Government Treasury Bill issued by the Ministry of Finance of Maldives, the Indian High Commission in the Maldives said Male: India has extended crucial financial support to the Maldives through the rollover of the USD 50 million Treasury Bill for one more year, a move the Maldivian government said will support its ongoing efforts to implement fiscal reforms for economic resilience. At the request of the Maldivian government, the State Bank of India (SBI) has subscribed, for one more year, a USD 50 million Government Treasury Bill issued by the Ministry of Finance of Maldives, the Indian High…

      Read More »
    • 13 May
      366

      Yes Bank shares jump over 8 per cent

      The stock climbed 8.7 per cent to Rs 21.74 on the BSE. At the NSE, shares of the firm surged 8.39 per cent to Rs 21.70. The company’s market valuation went up by Rs 1,415.15 crore to Rs 64,123.38 crore New Delhi: Shares of Yes Bank on Monday morning jumped over 8 per cent after State Bank of India and seven other lenders announced selling 20 per cent of their combined stakes in the firm to Japan’s Sumitomo Mitsui Banking Corporation (SMBC) for a consideration of Rs 13,483 crore. The stock climbed 8.7 per cent to Rs 21.74 on the BSE. At the NSE, shares of the firm surged 8.39 per cent to Rs 21.70. The company’s market valuation went up…

      Read More »
    • 12 May
      291

      Continuing the rich legacy in kabaddi

      Led by Jai Hind Lather, who trains at Sports Authority of India’s (SAI) National Centre of Excellence (NCOE) in Gandhinagar since June 2023, Haryana won the under-18 boys’ kabaddi final HYDERABAD: Big names of Indian kabaddi like Pardeep Narwal, Deepak Niwas Hooda, Mohit Challar and Monu Goyat are the inspiration for the younger generation of Haryana and this is evident by the way they asserted their supremacy winning the kabaddi gold defeating Maharashtra 39-28 in the Khelo India Youth Games at Bihar Sports University indoor hall in Rajgir. Led by Jai Hind Lather, who trains at Sports Authority of India’s (SAI) National Centre of Excellence (NCOE) in Gandhinagar since June 2023, Haryana won the under-18 boys’ kabaddi final. “Whether it is…

      Read More »
    • 12 May
      340

      MG Motors launch ‘Windows EV Pro’ with 52.9 kWh battery pack, ADAS

      The newly unveiled Windows EV pro is equipped with a 52.9 kWh battery pack, delivering a claimed range of 449 km on a single charge. Hyderabad: With the increasing demand for electric vehicles, MG Motor India launches the ‘Windows EV Pro,’ an upgraded variant of its popular electric MPV that offers enhanced features and improved designs. The newly unveiled Windows EV pro is equipped with a 52.9 kWh battery pack, delivering a claimed range of 449 km on a single charge. This is a significant improvement over the previous 38 kWh battery which offered a range of approximately 331 km. Features and Designs The Pro Variant which is launched in three new colours Celadon Blue, Glaze Red, and Aurora Silver, retains…

      Read More »
    • 12 May
      327

      India, EU to hold next round of FTA talks from May 12

      The two sides have agreed to conclude the agreement in two phases on account of the uncertain global trade environment, particularly due to the US tariff actions under President Donald Trump New Delhi: India and the European Union (EU) chief negotiators will begin the next round of talks on the proposed free trade agreement (FTA) here from Monday, with an aim to conclude the first phase of the pact as early as possible, according to an official. The two sides have agreed to conclude the agreement in two phases on account of the uncertain global trade environment, particularly due to the US tariff actions under President Donald Trump. “The EU team will be here for the 11th round of negotiations. It…

      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