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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

    • Apr- 2025 -
      19 April
      228

      TVS Motor unveils the upgraded Apache RR 310 with advanced features

      The 2025 edition is compliant to the OBD-2B norms and commemorates the 20th anniversary of the TVS Apache series and the milestone of surpassing 6 million customers worldwide. Hyderabad: TVS Motor Company has unveiled the updated TVS Apache RR310, its flagship offering in the Super Premium Sports Motorcycle category. The 2025 edition is compliant to the OBD-2B norms and commemorates the 20th anniversary of the TVS Apache series and the milestone of surpassing 6 million customers worldwide. Engineered for pure performance, it takes inspiration from the record-shattering machine that dominated the Asia Road Racing Championship (ARRC) with a best lap time of 1:49.742 seconds and a blazing top speed of 215.9 km/h. This isn’t just a motorcycle—it’s a statement of speed,…

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    • 19 April
      197

      Škoda Auto India unveils all-new Kodiaq

      Powered by a 2.0 TSI engine delivering 150kW and 320Nm torque, the SUV features a seven-speed DSG automatic transmission and all-wheel drive, built on the MQB37 Evo platform. Hyderabad: After the successful launch of the Kylaq range, Škoda Auto India has launched the all-new second-generation Kodiaq SUV, marking the brand’s latest addition to its expanding lineup. The new Kodiaq is positioned as Škoda’s luxury 4×4 flagship and is now open for bookings, with deliveries set to commence from May 2. In a press release, Škoda stated that the Kodiaq, starting at ₹46.89 lakh (ex-showroom), combines robust performance with high-end comfort and off-road capability. Powered by a 2.0 TSI engine delivering 150kW and 320Nm torque, the SUV features a seven-speed DSG automatic…

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    • 19 April
      188

      Infosys Q4 net profit declines 12 per cent to Rs 7,033 crore

      Revenues for the March quarter came in at Rs 40,925 crore, 7.9 per cent higher from Rs 37,923 crore in Q4 FY24. Employee count at the end of FY25 was 3,23,578 New Delhi: India’s second-largest IT company Infosys on Thursday reported an 11.7 per cent decline in consolidated net profit to Rs 7,033 crore for the March quarter. It had posted a profit (attributable to owners of the company) of Rs 7,969 crore in the year-ago period.The company has exceeded its guidance for the full fiscal year. Infosys had raised the 2024-25 fiscal year revenue guidance to 4.5-5 per cent, up from 3.75-4.50 per cent. Revenues for the quarter under review came in at Rs 40,925 crore, 7.9 per cent higher from Rs…

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    • 19 April
      187

      EaseMyTrip denies any link with Mahadev betting app

      Enforcement Directorate searched the premises of EaseMyTrip’s co-founder Nishant Pitti as part of fresh multi-State raids in the Mahadev online betting app linked money laundering case New Delhi: Travel booking platform EaseMyTrip on Thursday denied any direct or indirect association with the Mahadev betting app or any other betting platform, a day after the Enforcement Directorate searched the premises of its co-founder Nishant Pitti. In a regulatory filing, the company informed that a search was done under the Prevention of Money Laundering Act, 2002. It stated that no seizure was made from the search at one of its “office premises”. The Enforcement Directorate on Wednesday searched the premises of EaseMyTrip’s co-founder Nishant Pitti as part of fresh multi-state raids in the Mahadev online…

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    • 19 April
      173

      Ahead of IIT-JEE results, consumer protection watchdog warns coaching centres

      Advertisements should transparently disclose key details including students’ names, ranks, course types, and whether courses were paid for, stresses CCPA New Delhi: The Central Consumer Protection Authority (CCPA) on Thursday issued a stern warning to coaching centres to avoid misleading advertisements and unfair trade practices as IIT-JEE examination results approach. The consumer rights watchdog has advised coaching institutes to strictly follow the 2024 guidelines set for such entities. According to an official statement, coaching centres must ensure their representations are “accurate, clear, and free from misleading claims”. The CCPA emphasised that advertisements should transparently disclose key details including students’ names, ranks, course types, and whether courses were paid for. The authority has explicitly cautioned coaching centres against making “assurances of guaranteed success” and mandated that disclaimers…

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    • 19 April
      207

      Sify Technologies sets up Rs 1,882 crore data centre campus near Chennai

      The 130 MW AI-ready data centre campus has come up at SIPCOT Industrial Park in Siruseri; it will create direct job opportunities for about 1,000 people Chennai: Tami Nadu Chief Minister M K Stalin on Thursday inaugurated a data centre campus established by Sify in nearby Siruseri. The facility, set up over an investment of Rs 1,882 crore at the SIPCOT Industrial Park in Siruseri, will create direct job opportunities for about 1,000 people, an official release here said. This will be a 130 MW AI-ready data centre campus. According to the release, Sify Technologies offers, among others, integrated internet solutions and communication services, data centre infrastructure. “Chief Minister Stalin inaugurated the ultra-modern data centre. The company has said it has plans to…

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    • 19 April
      253

      Sensex, Nifty slip in early trade as IT stocks drag; Wipro warns of weak quarter ahead

      The 30-share BSE benchmark Sensex dropped 362 points to 76,682.29 in early trade, while the NSE Nifty slipped 129.75 points to 23,307.45. Among the major laggards from the Sensex pack were HCL Tech, Tata Steel, Tech Mahindra, Tata Consultancy Services, Larsen & Toubro, and Titan. Mumbai: Benchmark equity indices Sensex and Nifty declined in early trade on Thursday dragged down by IT stocks after Wipro warned of a weak quarter ahead amid global uncertainties. The 30-share BSE benchmark Sensex declined 362 points to 76,682.29 in early trade. The NSE Nifty went down by 129.75 points to 23,307.45. From the Sensex firms, HCL Tech, Tata Steel, Tech Mahindra, Tata Consultancy Services, Larsen & Toubro and Titan were among the biggest laggards. ICICI…

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    • 19 April
      174

      Rupee rallies for fourth straight session, gains 10 paise to 85.54 against US dollar

      According to forex traders, the local currency came under pressure due to weak sentiment in the equity markets and a modest rebound in crude oil prices. At the interbank foreign exchange, the rupee opened at 85.48 and eased to 85.54 against the US dollar in early trade, marking a 10 paise gain from its previous close. Mumbai: The rupee rallied for the fourth straight session and rose 10 paise to 85.54 against the US dollar in early trade on Thursday amid a renewed inflow of foreign funds in domestic equities and a weak American currency. However, subdued equity market sentiment and a slight recovery in crude oil prices put the local currency under pressure, according to forex traders. At the interbank…

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    • 19 April
      186

      Meta CEO Mark Zuckerberg wraps up testimony in antitrust case

      Zuckerberg took the stand for the third day in the trial, wrapping up his testimony as the first witness Wednesday afternoon. He took questions from Meta attorney Mark Hansen, who has argued that his client hardly has a monopoly in social media, as the FTC claims, and still faces stiff global competition. Washington: Meta CEO Mark Zuckerberg emphasised in federal court on Wednesday that he bought Instagram and WhatsApp because he saw value in the companies — not to take out competitors, as the Federal Trade Commission alleges in a historic antitrust trial. Zuckerberg took the stand for the third day in the trial, wrapping up his testimony as the first witness Wednesday afternoon. He took questions from Meta attorney Mark…

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    • 19 April
      177

      Second ‘Trump’ brand housing project to come up in Gurugram

      Of the six Trump-branded projects announced in India so far, four have already been completed in Pune, Mumbai, Kolkata and Gurugram. The new residential project in Gurugram will involve an investment of around Rs 2,200 crore New Delhi: Realty firms Smartworld Developers and Tribeca Developers on Wednesday announced that they will develop an ultra-luxury residential project in Gurugram under the ‘Trump’ brand with a total investment of around Rs 2,200 crore. M3M Group firm Smartworld Developers and Tribeca have launched the ‘Trump Residences’ project at Sector 69, Gurugram. The project, comprising 288 units, has a total saleable area of 12 lakh square feet.India has become the Trump brand’s largest market outside the US. In January this year, Donald Trump was sworn in as…

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