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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 -
      16 November
      113

      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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    • 15 November
      126

      Sensex and Nifty open lower but trade flat amid mixed global cues

      Sensex and Nifty opened weaker on Thursday but later stabilized amid mixed global cues. Lagging IT and banking stocks weighed on the market, while FIIs continued selling and traders monitored India-US trade talks and domestic inflation trends. Mumbai: Equity benchmark indices Sensex and Nifty started the trade on a weaker note on Thursday but later quoted flat in a highly volatile trade amid mixed global cues. The 30-share BSE Sensex declined 138.36 points, or 0.16 per cent, to 84,328.15 in the morning trade. The broader NSE Nifty slipped 38.50 points or 0.15 per cent, to 25,837.30. But, later both the benchmark indices were oscillating between highs and lows. Among the Sensex firms, Tata Motors’ commercial vehicles business, Eternal, Infosys, Tech Mahindra, Mahindra &…

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    • 15 November
      120

      Rupee dips to 88.69 against US dollar as strong dollar and weak equities weigh

      The rupee fell 7 paise to 88.69 against the US dollar on Thursday amid a firm dollar index and weak domestic equities. Experts say new export promotion measures may stabilize the currency over the medium term. Mumbai: The rupee traded in a narrow range and depreciated by 7 paise to 88.69 against the US dollar in early trade on Thursday, as strong US dollar index and a muted trend in domestic equities weighed on investors’ sentiment. Forex traders said the rupee is trading in a tight range, with renewed optimism over US-India trade talks providing a steady anchor. In contrast, a steady US dollar index dented investors’ sentiment. The US dollar index is hovering near 99.50, as the market braced for the final…

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    • 15 November
      108

      Noel Tata wins partial bid to place son in Tata Trusts amid internal rift

      A power tussle is brewing within the Tata Trusts as Noel Tata managed to get his son Neville appointed to the Sri Dorabji Tata Trust, but failed to push the same move in the Sir Ratan Tata Trust due to internal objections New Delhi: The Tata group’s internal power balance remains delicate as Noel Tata succeeded in placing his son, Neville, on the board of one of the two powerful trusts that holds majority stake in Tata Sons, but is said to have failed to get his way in the other, sources said. After the demise of patriarch Ratan Tata in October last year, Noel took over as the chairman of Tata Trusts, a group of philanthropic organisations that collectively own 65.4 per cent…

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    • 14 November
      289

      Telangana slips into deflation this October too! Know the reasons and implications

      Telangana reports inflation rate of minus 1.16% (deflation) in the latest data, making it the only State entering the deflation zone multiple times in recent months Hyderabad: Telangana continued to register a deflationary rate for the fourth time this fiscal, causing concern about its economic stability. The latest data released by the Union Government shows that the Congress-ruled Telangana reported an inflation rate of minus 1.16 per cent, below the national average. According to the latest Consumer Price Index (CPI) data released by the Ministry of Statistics and Programme Implementation (MoSPI) for October 2025, India’s national retail inflation stands at 0.25%, while the Consumer Food Price Index (CFPI) registered a significant deflationary figure of -5.02%. This reflects an overall easing of…

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    • 14 November
      290

      Tata Motors Commercial Vehicles listing a defining moment: N Chandrasekaran

      Listing of Tata Motors Commercial Vehicles business comes after Tata Motors was split into two independent listed entities Mumbai: Tata Sons Chairman N Chandrasekaran on Wednesday termed the listing of Tata Motors Commercial Vehicles a “defining moment” in the company’s journey as well as for the automotive industry. The listing of Tata Motors Commercial Vehicles business comes after the Tata Motors demerger was completed and the company was split into two independent listed entities. At the listing ceremony of Tata Motors Commercial Vehicles at BSE, Chandrasekaran said, “It is truly a momentous occasion, a very important milestone… a defining moment… for the combined Tata Motors’ journey, if I may say so, also for the automotive industry.” The stock of Tata Motors’ commercial vehicles arm opened…

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    • 14 November
      201

      Rupee slips to 88.65 against US dollar as crude rises and FII outflows continue

      The rupee fell 15 paise to 88.65 against the US dollar on Wednesday, pressured by rising crude prices and FII outflows. Optimism over a potential India-US trade deal and MSCI-driven inflows provided partial support to the domestic currency. Mumbai: The rupee depreciated 15 paise to 88.65 against the dollar in early trade on Wednesday, weighed down by elevated crude oil prices and foreign fund outflows. Forex traders said renewed optimism over the India-US trade deal supported the domestic unit at lower levels. At the interbank foreign exchange, the rupee opened at 88.61 against the US dollar before dropping to 88.65, down 15 paise from its previous close. On Tuesday, the rupee had settled at 88.50 against the US dollar. Forex traders said the…

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    • 14 November
      254

      Sensex and Nifty rise on Reliance, Infosys gains amid India-US trade optimism

      Sensex and Nifty opened higher on Wednesday, led by blue-chip stocks such as Reliance Industries and Infosys. Investor sentiment was boosted by optimism over an impending India-US trade deal, while FIIs sold and DIIs bought equities worth Rs 2,188 crore. Mumbai: Equity benchmark indices Sensex and Nifty climbed in early trade on Wednesday driven by buying in blue-chips Reliance Industries, Infosys and Bharti Airtel amid firm global cues. Besides, traders said that optimism over an impending India-US trade deal also supported the investors’ sentiment. The 30-share BSE Sensex benchmark increased by 464.66 points, or 0.55 per cent, to 84,335.98 in early trade. The 50-share NSE Nifty appreciated by 134.70 points, or 0.52 per cent, to 25,829.65. Among the Sensex firms, Tata Consultancy Services,…

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    • 13 November
      88

      Australia joins India, US, Japan for Exercise Malabar 2025

      Australia joined India, Japan, and the US for Exercise Malabar 2025 in the West Pacific. The maritime exercise, featuring INS Sahyadri and HMAS Ballarat, aims to strengthen interoperability, regional security, and collective readiness through complex naval drills and operational coordination. Guam: Australia has joined India, Japan, and the United States for Exercise Malabar 2025, a major Indo-Pacific maritime exercise aimed at enhancing interoperability and strengthening cooperation among regional partners, the Australian Ministry of Defence announced on Wednesday. The Royal Australian Navy’s (RAN) Anzac-class frigate HMAS Ballarat is taking part in the exercise being held in the West Pacific training area from November 10 to 18. A Royal Australian Air Force (RAAF) P-8A Poseidon maritime patrol aircraft will also participate, operating from…

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    • 13 November
      101

      US “pretty close” to trade deal with India, Trump says tariffs will come down

      President Donald Trump says the US is “pretty close” to a fair trade deal with India and will reduce tariffs “at some point.” Negotiations have progressed through five rounds, with both countries reportedly finalising the agreement’s language. New York/Washington: The US is “pretty close” to reaching a “fair trade deal” with India, President Donald Trump has said, adding that he will lower the tariffs imposed on New Delhi “at some point.” “We’re making a deal with India, much different deal than we had in the past. So right now, they don’t love me, but they’ll love us again,” Trump said on Monday. He made the remarks during a ceremony in the Oval Office, where Sergio Gor was sworn in as America’s…

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