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    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 -
      20 November
      108

      Air India to resume Delhi–Shanghai non-stop flights from February 2026

      Air India will resume non-stop flights between Delhi and Shanghai from February 1, marking its return to mainland China after nearly six years. The airline also plans a Mumbai–Shanghai service in 2026 as diplomatic agreements restore suspended India–China air links New Delhi: Air India on Monday announced the resumption of non-stop flights between Delhi and China’s Shanghai, starting February 1 next year. This marks Air India’s return to mainland China after nearly six years. The airline said that, subject to the requisite regulatory approvals, it also intends to introduce non-stop flights between Mumbai and Shanghai in 2026. Air India said it will operate four times a week between Delhi and Shanghai using its twin-aisle Boeing 787-8 aircraft, featuring 18 flat beds…

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    • 20 November
      110

      Govt tightens import rules for platinum jewellery

      The government has tightened import rules for certain platinum jewellery by shifting it from the ‘Free’ to ‘Restricted’ category until April 30, 2026. Importers will now require DGFT licences. Similar curbs were earlier imposed on specific silver jewellery from Thailand New Delhi: The government on Monday imposed import curbs on certain types of platinum jewellery till April next year. In September, the government imposed restrictions on imports of certain silver jewellery till March 31 next year. The move was aimed at curbing imports of silver in the name of unstudded jewellery from Thailand. India has a free trade agreement with ASEAN (Association of South-East Asian Nations). Thailand is a member of this 10-nation group. The import policy of platinum jewellery is…

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    • 20 November
      115

      Azimuth AI and Cyient unveil India’s first IP-powered intelligent silicon chip

      Azimuth AI and Cyient Semiconductors have launched ARKA GKT-1, India’s first-generation intelligent-power platform-on-a-chip for edge AI and smart energy applications. Unveiled by Electronics and IT Minister Ashwini Vaishnaw, the chip integrates custom computing, sensing, memory, and power management into one efficient SoC New Delhi: Azimuth AI and Cyient Semiconductor on Monday announced the launch of ‘ARKA GKT-1’, billed as India’s first-generation intelligent-power platform-on-a-chip designed for high-efficiency edge AI and smart energy applications. The chip, unveiled by Union Minister for Electronics and IT Ashwini Vaishnaw, marks a key milestone in India‘s strides towards self-reliance and underscores its ambitions to evolve into a hub for semiconductor design and tech innovation, entrenched deeply into global value chains. Developed by Azimuth AI and Cyient Semiconductors, ARKA…

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    • 20 November
      125

      Sensex and Nifty open higher on strong Q2 earnings; FII selling continues

      Sensex and Nifty opened higher on Monday, led by gains in blue-chip stocks after robust Q2 earnings. Foreign institutional investors continued net selling for the fifth consecutive day, while domestic investors maintained their buying spree, supporting the market. Mumbai: Equity benchmark indices Sensex and Nifty opened on a positive note on Monday amid buying in blue-chip stocks on the back of healthy earnings performance by corporates in the second quarter. The 30-share BSE Sensex climbed 234.42 points, or 0.28 per cent, to 84,797.20 in morning trade. The NSE Nifty advanced 56.10 points, or 0.22 per cent, to 25,966.15. Among the Sensex firms, Kotak Mahindra Bank, State Bank of India, Titan, Bajaj Finance, Axis Bank, Larsen & Toubro, NTPC, Bharti Airtel, Bharat Electronics Ltd,…

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    • 20 November
      102

      Rupee slips 6 paise to 88.72 against US dollar amid dollar strength, foreign outflows

      The rupee fell 6 paise to 88.72 against the US dollar in early Monday trade due to a firm dollar and ongoing foreign capital outflows. Equity gains and lower crude prices limited losses as investors watch India-US trade talks and PMI data. Mumbai: The rupee declined 6 paise to 88.72 against the US dollar in early trade on Monday amid a firm American currency and relentless outflow of foreign capital. Positive sentiment in domestic equity markets and lower crude oil prices overseas, however, prevented a sharp fall in the Indian currency, forex analysts said. They said investors are also watching the progress on the proposed India-US trade deal as well as the domestic PMI data to be released later this week.…

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    • 19 November
      120

      Any country doing business with Russia will be ‘very severely’ sanctioned: Trump

      President Donald Trump warned that countries doing business with Russia will face “very severe” sanctions, possibly including Iran. Republican lawmakers are pushing legislation, including the Sanctioning Russia Act of 2025, targeting nations funding Moscow’s war in Ukraine. New York/Washington: US President Donald Trump has warned that any country that does business with Russia will be “very severely sanctioned”, as his administration and Republican lawmakers push ahead with tough legislation targeting Moscow. Responding to questions from reporters on Sunday on whether it was time for Congress to pass measures aimed at pressuring Russia and President Vladimir Putin, Trump said, “I hear they’re doing that, and that’s okay with me.” “They’re passing legislation… the Republicans are putting in legislation… very tough sanctioning… on…

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    • 19 November
      108

      Japan’s economy contracts as US tariffs hit exports

      Japan’s economy contracted 1.8% annualised in July–September, dragged down by US tariffs on exports. Quarter-on-quarter GDP fell 0.4%, with exports down 1.2%. Imports slipped 0.1% and private consumption edged up 0.1%. Political uncertainty eased after a new prime minister. Tokyo: Japan’s economy sank at an annualised rate of 1.8 per cent in the July-September period, government data showed on Monday, as President Donald Trump’s tariffs sent the nation’s exports spiralling. On a quarter-by-quarter basis, Japan’s gross domestic product, or GDP, or the sum value of a nation’s goods and services, slipped 0.4 per cent, in the first contraction in six quarters, the Cabinet Office said. The annualised rate shows what the economy would have done if the same rate were to…

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    • 19 November
      116

      Editorial: Dangers of digital piracy

      It is estimated that the Indian cinema industry is facing a loss of at least Rs 22,000 crore a year due to movie piracy The details emerging from a piracy racket, unearthed recently by the cybercrime wing of the Hyderabad police, are just the tip of an iceberg. The problem of movie piracy is widespread in India, resulting in huge losses to the entertainment industry. The police recently arrested Immadhi Ravi, the mastermind behind the movie piracy website ‘iBomma’, and dismantled an elaborate operation involving uploading and distribution of the pirated Telugu films and OTT content. It was found that Ravi was running the website from the Caribbean islands. The crackdown followed complaints by the Telugu Film Anti-Piracy Team and several film producers…

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    • 19 November
      112

      India’s spend on Russian oil buy at 2.5 bn euros in Oct ahead of new sanctions

      India spent €2.5 billion on Russian crude in October, remaining the second-largest buyer despite new US sanctions on Rosneft and Lukoil. Russian oil imports rose 11%, with state refineries increasing intake as discounts narrowed and Western buyers further reduced purchases New Delhi: India, the second biggest buyer of Russian oil, spent as much as 2.5 billion euros on purchases of crude oil from Moscow in October ahead of new sanctions being slapped on Russian entities, a European think tank said.India’s spend in October was unchanged from 2.5 billion euro spent on buying Russian oil in September. India remained the second-largest buyer of Russian fossil fuels in October behind China, according to the Centre for Research on Energy and Clean Air (CREA).…

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    • 19 November
      107

      John Ternus emerges as frontrunner to succeed Tim Cook as Apple CEO: Report

      Apple’s board accelerates succession plans as the company prepares for Tim Cook’s resignation after 14 years at the helm of the tech giant New Delhi: US tech giant Apple’s Senior Vice-President of hardware engineering, John Ternus, is viewed inside the company as a leading contender to succeed Chief Executive Tim Cook, who is set to step down in early 2026, a report said on Saturday. Apple’s board and senior leaders have accelerated its succession plans and increased focus on a smooth leadership transition as the company prepares for Tim Cook’s resignation after 14 years at the helm of the USD 4 trillion tech giant, the report from Financial Times said, adding that no final decision has been made. If appointed, Apple would get a hardware-focused…

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