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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
      132

      Google suspends 2.9 millionn advertisers’ accounts in India

      Globally, Google suspended over 39.2 million advertiser accounts, removed 5.1 billion ads and restricted over 9.1 billion ads, the company said in its annual ads safety report New Delhi: Internet giant Google suspended 2.9 million advertisers’ accounts in India and removed 247.4 million ads in 2024 for abusing its advertisement policy, the company said in a report on Wednesday. Globally, Google suspended over 39.2 million advertiser accounts, removed 5.1 billion ads and restricted over 9.1 billion ads, the company said in its annual ads safety report. “In India, 247.4 million ads were removed and 2.9 million advertiser accounts were suspended,” the report said. The company said it launched over 50 enhancements to its LLMs (large language models) in 2024, which sped…

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    • 19 April
      177

      Gold price soars to all-time high of Rs 98,100 per 10 g

      Gold of 99.5 per cent purity also appreciated by Rs 1,650 to hit a fresh peak of Rs 97,650 per 10 grams against the previous close of Rs 96,000 per 10 grams. Additionally, silver prices climbed by Rs 1,900 to Rs 99,400 per kg New Delhi: Gold prices soared by Rs 1,650 to hit an all-time high of Rs 98,100 per 10 grams in the national capital on Wednesday amid a global rush for safe-haven buying triggered by an escalated trade war between the US and China. According to the All India Sarafa Association, the precious metal of 99.9 per cent purity had finished at Rs 96,450 per 10 grams on Tuesday. Gold prices recorded its steepest single-day hike on April…

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    • 19 April
      148

      Wipro Q4 PAT up 26 per cent to Rs 3,569.6 cr

      It had reported a profit of Rs 2,834.6 crore in the year-ago period. Revenues for the fourth quarter (Q4) of FY25 came in at Rs 22,504.2 crore, a marginal increase of 1.33 per cent from Rs 22,208.3 crore in Q4 FY24 New Delhi: India’s fourth-largest IT company Wipro on Wednesday reported a 25.9 per cent increase in consolidated net profit to Rs 3,569.6 crore during the March quarter. It had reported a profit (attributable to equity holders of the company) of Rs 2,834.6 crore in the year-ago period. Revenues for the fourth quarter (Q4) of FY25 came in at Rs 22,504.2 crore, a marginal increase of 1.33 per cent from Rs 22,208.3 crore in Q4 FY24. Sequentially, profit and revenue rose…

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    • 19 April
      147

      China now faces up to 245% retaliatory tariff: White House

      “On Day One, President Trump initiated his America First Trade Policy to make America’s economy great again,” it said. “More than 75 countries have already reached out to discuss new trade deals. As a result, the individualized higher tariffs are currently paused amid these discussions, except for China, which retaliated,” it said. Washington: China now faces tariffs up to 245 per cent on imports to the United States due to its retaliatory actions, the White House has said, as the trade war escalated between the world’s two largest economies. Separately in a post on Truth Social, President Donald Trump said on Tuesday that China “just reneged on the big Boeing deal, saying that they will “not take possession” of fully committed to aircraft”. He appeared to be confirming reports that China…

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    • 19 April
      179

      Realme partners with Optiemus Electronics to make AIoT devices in India

      Together, realme and Optiemus Electronics (OEL) target to manufacture 5 million AIoT devices annually while generating over 2,000 new employment opportunities in India, according to a release New Delhi: Chinese smartphone brand realme has partnered with Optiemus Electronics to manufacture its next-generation AIoT (Artificial Intelligence of Things) products in India. The latest announcement- which comes amid a global tariff reset and New Delhi’s own push to expand hi-tech production- marks a significant step towards strengthening India’s manufacturing ecosystem and supporting the government’s ‘Make in India’ initiative. Together, realme and Optiemus Electronics (OEL) target to manufacture 5 million AIoT devices annually while generating over 2,000 new employment opportunities in India, according to a release. As part of its long-term vision to strengthen…

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    • 19 April
      185

      Central government to take up 50 airport development projects in 5 years

      Civil Aviation Secretary Vumlunmang Vualnam said efforts are being made in a holistic manner to develop the aviation ecosystem, including supporting airlines and scaling up flying training organisations New Delhi: The government plans to take up 50 airport development projects, including new airports, in the next five years as holistic efforts are being made to boost the country’s aviation ecosystem. Currently, there are 159 operational airports in the country and the number has doubled compared to 74 in 2014. Civil Aviation Secretary Vumlunmang Vualnam on Wednesday said efforts are being made in a holistic manner to develop the aviation ecosystem, including supporting airlines and scaling up flying training organisations. In five years, the plan is to have 50 airport development projects.…

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    • 19 April
      338

      Redmi A5 launched in India with Android 15, 120Hz display, and 32MP camera starting at Rs 6,499

      The Redmi A5 offers a compelling feature set for budget-conscious users, including a 6.88-inch HD+ display with a smooth 120Hz refresh rate and 600 nits peak brightness. It is IP52-rated for splash and dust resistance and includes a side-mounted fingerprint scanner for added convenience. Hyderabad: Xiaomi has officially unveiled Redmi A5 an entry-level smartphone in India. Priced at Rs 6,499 for the 3GB+64GB variant and Rs 7,499 for the 4GB+128GB model, the phone goes on sale today through Flipkart, Mi.com, and retail stores. Redmi A5 provides a good feature set at such low cost. The phone cures a 6.88-inch HD+ display with a smooth refreshing rate of 120Hz and peak brightness as high as 600 nits. IP52-rated for splash and dust…

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    • 19 April
      894

      Sensex, Nifty trade flat amid renewed US-China trade tensions and weak global cues

      Following a two-day sharp rally, the 30-share BSE benchmark Sensex slipped 165.3 points to 76,569.59 in early trade, while the NSE Nifty dropped 51.55 points to 23,277. Among the Sensex constituents, Maruti, Sun Pharma, NTPC, Tata Steel, Reliance, and Infosys emerged as the top losers. Mumbai: Equity benchmark indices were trading flat in early trade on Wednesday amid sluggish global market trends due to rising US-China trade tensions. After two days of sharp rally, the 30-share BSE benchmark Sensex declined 165.3 points to 76,569.59 in early trade. The NSE Nifty dipped 51.55 points to 23,277. From the Sensex firms, Maruti, Sun Pharma, NTPC, Tata Steel, Reliance and Infosys were the biggest laggards. IndusInd Bank, Axis Bank, State Bank of India and…

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    • 19 April
      1,687

      Rupee rallies: Gains 26 paise against US dollar on strong foreign inflows and weak dollar

      Forex traders noted that encouraging macroeconomic data, combined with the 90-day relief from US reciprocal tariffs, spurred foreign investors to buy into domestic equities, which in turn boosted the local currency. Mumbai: The rupee stayed firm and appreciated 26 paise to 85.54 against the US dollar in early trade on Wednesday on the back of a massive inflow of foreign capital, a weak American currency and lower crude oil prices. Forex traders said the positive macroeconomic numbers that came on the heels of the 90-day reprieve from US reciprocal tariffs fuelled buying in domestic equities by foreign investors, adding strength to the local currency. At the interbank foreign exchange, the domestic unit opened strong at 85.66 and gained further to trade…

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    • 15 April
      448

      Tata Power Renewable Energy Limited joins NTPC for 200 MW renewable energy project

      TPREL said it has signed a power purchase agreement with NTPC Limited, India’s largest integrated power company, to develop a 200 MW renewable energy (RE) project Mumbai: Tata Power Renewable Energy Limited (TPREL) on Monday said it has signed a power purchase agreement with NTPC Limited, India’s largest integrated power company, to develop a 200 MW renewable energy (RE) project. The project, spread across multiple locations in India, is set to be completed within 24 months and is expected to generate approximately 1,300 million units (MUs) of electricity annually, mitigating over 1 million tons of carbon dioxide emissions per year, an official statement said. The project was won by TPREL based on competitive bidding and would consist of solar, wind and…

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