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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 -
      9 April
      200

      Tata Motors reports 3 per cent decline in its group global wholesales

      Global wholesales of Tata Motors passenger vehicles, including electric vehicles, in Q4 FY25 were at 1,46,999 units, lower by 6 per cent against Q4 FY24 New Delhi: Tata Motors on Tuesday reported a 3 per cent decline in its group global wholesales, including Jaguar Land Rover, at 3,66,177 units in the fourth quarter of 2024-25 as compared to the year-ago period. Global wholesales of Tata Motors passenger vehicles, including electric vehicles, in Q4 FY25 were at 1,46,999 units, lower by 6 per cent against Q4 FY24, the company said in a statement. British arm, Jaguar Land Rove,r clocked 1,11,413 units in the fourth quarter, up 1 per cent from the same period a year ago. Jaguar wholesales during the quarter were…

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    • 9 April
      144

      Swiggy Instamart unveils ‘Maxxsaver’ feature for savings on orders

      The Swiggy Instamart ‘Maxxsaver’ feature is aimed at making everyday shopping more affordable and rewarding New Delhi: Quick commerce platform Swiggy Instamart on Tuesday launched ‘Maxxsaver’, an in-app feature whereby users will be automatically enrolled and eligible for savings of up to Rs 500 after a certain order value at check-out. The feature is aimed at making everyday shopping more affordable and rewarding, the company said. Swiggy Instamart currently has a store assortment of over 35,000 products from groceries and daily essentials to electronics, smartphones, fashion, makeup, toys, etc. “By passing on the benefits of larger orders, we’re able to offer better pricing to our users. Whether it’s a top-up or a weekly haul, users can effortlessly unlock maximum savings on every order,”…

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    • 8 April
      323

      Finance Minister Sitharaman to visit UK and Austria to boost financial collaborations, bilateral ties

      The Finance Minister would participate in the 13th Ministerial round of India-UK Economic and Financial Dialogue and engage with think tanks, investors, and business leaders in the UK and Austria, according to a Ministry of Finance statement New Delhi: Union Finance Minister Nirmala Sitharaman will embark on an official visit to the United Kingdom and Austria from April 8-13, where she is scheduled to attend ministerial-level bilateral meetings, an official statement said on Monday. The Finance Minister would participate in the 13th Ministerial round of India-UK Economic and Financial Dialogue and engage with think tanks, investors, and business leaders in the UK and Austria, according to a Ministry of Finance statement. The 13th round of the India-UK Economic and Financial Dialogue…

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    • 8 April
      348

      Google to support 20 Indian startups in AI-focused app accelerator programme

      Backed by Google Play, the initiative aims to empower app-based startups in India to harness the potential of artificial intelligence (AI) and scale their products efficiently. The programme is being conducted in partnership with the MeitY Startup Hub, whose collaboration, according to Google, has been instrumental in broadening the initiative’s reach and impact. New Delhi: Tech giant Google on Monday announced that it is all set to empower 20 Indian startups through the second edition of its ‘Google for Startups Accelerator: Apps’ programme. The initiative, supported by Google Play, is designed to help app-based startups in India make the most of artificial intelligence (AI) and scale their products effectively. The programme is being run in collaboration with the MeitY Startup Hub,…

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    • 8 April
      353

      Pakistan stock exchange plunges over 8,000 points

      Financial analysts blamed the fear of a global recession for the massive fall in the stock exchange. Even after a cooling period of one hour, the PSX lost another 2,000 points when trading resumed, resulting in a record 8,600 points drop in intraday trade Karachi: Trading was suspended at the Pakistan Stock Exchange (PSX) for an hour as the benchmark KSE-100 index plummeted by more than 8,000 points on Monday. Financial analysts blamed the fear of a global recession for the massive fall in the stock exchange. Even after a cooling period of one hour, the PSX lost another 2,000 points when trading resumed, resulting in a record 8,600 points drop in intraday trade. The index closed at 114,909.48, down by…

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    • 7 April
      378

      Zomato Food Delivery Chief Operating Officer Rinshul Chandra resigns

      Chief Operating Officer Chandra has resigned with effect from April 5 “to pursue new opportunities and passions”, Zomato stated in the filing New Delhi: Rinshul Chandra, Chief Operating Officer of Zomato’s Food Delivery business, has tendered his resignation, the company has said in a regulatory filing. Chandra has resigned with effect from April 5 “to pursue new opportunities and passions”, Zomato stated in the filing on Saturday. In his resignation letter addressed to Zomato founder and CEO Deepinder Goyal, Chandra wrote, “I am writing to resign as COO – Food Ordering & Delivery Business of Eternal Limited, effective April 7, 2025. After careful consideration, I have decided to pursue new opportunities and passions that align with my evolving personal and professional…

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    • 7 April
      329

      Ghibli AI art trend: Cybersecurity experts caution about privacy breaches and data misuse

      While netizens are hooked on the viral trend of transforming personal photos into Studio Ghibli-style art using AI tools, cybersecurity experts caution that while these tools may appear harmless, the terms of services are often vague, raising questions about what happens to user photos after they are processed New Delhi: While netizens are hooked on the viral trend of transforming personal photos into Studio Ghibli-style art using AI tools, experts warn that the trend conceals a darker reality where casual sharing can lead to unforeseen privacy breaches and data misuse. Cybersecurity experts caution that while these tools may appear harmless, the terms of services are often vague, raising questions about what happens to user photos after they are processed. The trend…

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    • 7 April
      328

      Opinion: Renting our lives the new norm

      The real concern is not the existence of subscriptions but their unchecked proliferation and the gradual erosion of alternative models By Viiveck Verma For a long time, ownership was a defining marker of success. You bought your music, your movies, your car, your home. You built a collection, accumulated possessions, and felt a sense of security in knowing that what you paid for was yours. Today, that paradigm has shifted. From entertainment to essential services, we increasingly rent access rather than own outright. The rise of the subscription economy, where everything from software and streaming content to furniture, cars, and even home appliances can be rented for a monthly fee, has fundamentally altered the way we consume. But as we embrace this…

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    • 6 April
      364

      Musk’s Grok-3 Vs China’s DeepSeek: Which is leading the AI turf war?

      Grok-3 proves that throwing 100x more GPUs can yield marginal performance gains rapidly. But it also highlights rapidly diminishing returns on investment (ROI), says report New Delhi: As the artificial intelligence (AI) turf war escalates, Elon Musk-owned Grok and Chinese DeepSeek models now stand at the forefront of AI capability — one optimised for accessibility and efficiency and the other for brute-force scale — despite the vast disparity in training resources, a report showed on Saturday. Grok-3 represents scale without compromise — 2,00,000 NVIDIA H100s chasing frontier gains, while DeepSeek-R1 delivers similar performance using a fraction of the compute, signalling that innovative architecture and curation can rival brute force, according to Counterpoint Research. Since February, DeepSeek has grabbed global headlines by open-sourcing its flagship reasoning…

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    • 6 April
      326

      Sarla Aviation plans to launch air taxis soon

      Aerospace startup Sarla Aviation had unveiled India’s first flying taxi prototype ‘Shunya’ earlier this year New Delhi: Aerospace startup Sarla Aviation, which unveiled the country’s first flying taxi prototype called ‘Shunya’ earlier this year, is aiming to soon start commercial operations. Adrian, co-founder and CEO of Sarla Aviation, said that bringing air taxis to India is one of their important goals under the ‘Viksit Bharat’ initiative. “India needs a better transport system. This is where the idea of air taxis come into the picture. It can be expected to become an important part of public transport in the future,” said Adrian. He further stated that it is necessary to bring air taxis to India so that problems like traffic jams can…

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