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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

    • Mar- 2025 -
      29 March
      343

      BSE shares in heavy demand; jump nearly 18 per cent

      The stock of the exchange surged 17.81 per cent to Rs 5,519 on the NSE. Meanwhile, the National Stock Exchange (NSE) has deferred its plan to change the expiry day of all index and stock derivatives to Monday from Thursday until further notice following the Sebi’s consultation paper New Delhi: Shares of BSE on Friday jumped nearly 18 per cent after markets regulator Sebi proposed that the expiries of all equity derivatives contracts across exchanges be uniformly limited to either Tuesdays or Thursdays. The stock of the exchange surged 17.81 per cent to Rs 5,519 on the NSE. Meanwhile, the National Stock Exchange (NSE) has deferred its plan to change the expiry day of all index and stock derivatives to Monday…

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    • 29 March
      240

      US on egg hunt in Europe to ease prices at home  

      Germany, Italy, Poland and Sweden are among the nations the US Department of Agriculture approached to address the shortage brought on by a bird flu outbreak. But supplying Americans with eggs would be complicated for these foreign producers Schoeneiche: The US government is on a global egg hunt, seeking exports from countries in Europe and elsewhere to ease a severe shortage that has caused egg prices at grocery stores to hit record highs. Germany, Italy, Poland and Sweden are among the nations the US Department of Agriculture approached to address the shortage brought on by a bird flu outbreak, according to European industry groups. But supplying Americans with eggs would be complicated for foreign producers — and not because of political…

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    • 29 March
      257

      Restaurants cannot mandatorily levy service charge on food bills: Delhi HC

      Justice Prathiba M Singh dismissed petitions of restaurant bodies challenging Central Consumer Protection Authority guidelines prohibiting hotels and restaurants from levying mandatory service charge on food bills New Delhi: The Delhi High Court on Friday held the payment of service charge by customers on food bills was voluntary and couldn’t be made mandatory by restaurants or hotels. Justice Prathiba M Singh pronounced the judgement and dismissed petitions of restaurant bodies challenging Central Consumer Protection Authority guidelines prohibiting hotels and restaurants from levying mandatory service charge on food bills. The plea by the National Restaurants Association of India (NRAI) and the Federation of Hotel and Restaurant Association of India (FHRAI) argued that there is no law which stops restaurants from levying service charge, according…

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    • 29 March
      232

      Interest rates on small savings schemes, including PPF, NSC, remain unchanged

      The rates of interest on various Small Savings Schemes for the first quarter of FY 2025-26 starting from 1st April, 2025 and ending on 30th June, 2025 shall remain unchanged from those notified for the fourth quarter (1st Jan, 2025, to 31st March, 2025) of FY25, said a Finance Ministry notification New Delhi: The government on Friday left interest rates unchanged on various small savings schemes, including PPF and NSC, for the fifth straight quarter beginning April 1, 2025. “The rates of interest on various Small Savings Schemes for the first quarter of FY 2025-26 starting from 1st April, 2025 and ending on 30th June, 2025 shall remain unchanged from those notified for the fourth quarter (1st January, 2025 to 31st March,…

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    • 28 March
      238

      BIS raids Amazon, Flipkart warehouses, seizes substandard goods

      BIS has conducted extensive raids on Amazon and Flipkart warehouses here, seizing thousands of products lacking proper quality certifications New Delhi: The Bureau of Indian Standards (BIS) has conducted extensive raids on Amazon and Flipkart warehouses here, seizing thousands of products lacking proper quality certifications, the government said on Thursday. In a 15-hour operation on March 19 at an Amazon Sellers Pvt Ltd warehouse in Mohan Cooperative Industrial Area, BIS officials confiscated more than 3,500 electrical products, including geysers and food mixers, valued at approximately Rs 70 lakh. A separate raid at Instakart Services, a Flipkart subsidiary, resulted in the seizure of 590 pairs of sports footwear without required manufacturing marks, worth around Rs 6 lakh, an official statement said. This…

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    • 28 March
      261

      Gautam Adani is India’s second richest person . Here’s by how much his wealth grew

      Gautam Adani’s total wealth rose 13 per cent. Mukesh Ambani remains Asia’s richest person while HCL’s Roshni Nadar breaks into global top 10 rich women list, according to Hurun Global Rich List 2025 New Delhi: Gautam Adani, the Chairman of the Adani Group, has become India’s biggest wealth gainer in absolute terms, with an increase of nearly Rs 1 lakh crore in his net worth, according to the Hurun Global Rich List 2025 on Thursday. Gautam Adani’s total wealth rose 13 per cent, or around Rs 1 lakh crore, to Rs 8.4 lakh crore, making him the second richest person in India on the global list. Reliance Industries Chairman and Managing Director Mukesh Ambani slipped from the global top 10 wealthiest individuals list…

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    • 27 March
      297

      One in 5 super rich wants to leave India for good, says survey

      These ultra high networth individuals seek improved standard of living, healthcare solutions, education or lifestyle, according to Kotak Private Mumbai: At least 22 per cent super rich Indians wish to leave the country due to factors like living conditions here, better standard of life abroad and also easier business environment in other countries, a survey said on Tuesday. The survey of 150 ultra high networth individuals (UHNIs) said that the US, UK, Australia, Canada and even UAE due to its golden visa scheme are the favourite destinations where the rich prefer to settle down. Kotak Private, a leading wealth manager in the country which undertook the survey in association with consultancy EY, said 25 lakh Indians migrate to other countries every…

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    • 27 March
      293

      Opinion: Micro-retirement is reshaping work and well-being

      Workforce is being reshaped where personal satisfaction is trumping the classical retirement model of resting only after the age of 60 By Akshita Pandey, Dr Moitrayee Das Micro-retirement is rising as a defining career pattern among Gen Z, redefining conventional concepts of labour, accomplishment and welfare. Instead of waiting until their 60-somethings to take a prolonged break from the workplace, young professionals are opting to take sporadic sabbaticals during their careers, valuing mental health, self-actualisation, and activity beyond the corporate routine. This change is not a temporary fad but a reaction to the long-standing frustration with strict work arrangements, burnout and a changing realisation of what constitutes a healthy balance in life (Robinson, 2025). Gen Z has come of age with a…

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    • 26 March
      300

      Indian carriers to operate 25,610 flights per week in summer schedule: DGCA

      The summer schedule of 2025 will commence from March 29 and will last up to October 25 next year. Mumbai: Indian carriers will operate a total of 25,610 flights per week during the summer schedule this year compared to 24,275 weekly flights in the same period last year, the Directorate General of Civil Aviation said on Tuesday. This translates to a 5.50 per cent year-on-year growth in the total number of departures per week. Compared to the ongoing winter schedule, which ends on March 29, the number of departures per week is up 2.41 per cent as the Indian carriers operated a total of 25,007 departures per week from 124 airports in the country, the DGCA said. There are 25,610 departures…

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    • 26 March
      265

      Bengaluru: Deloitte launches global AI simulation Centre of Excellence

      Launched first in Bengaluru to serve Deloitte’s global network, the Simulation CoE aims to accelerate clients’ decision-making processes, mitigate potential risks, and maximise their return on investment (ROI) Bengaluru: Deloitte on Tuesday announced a significant scaling of its Global Artificial Intelligence (AI) Simulation Centre of Excellence (CoE) in India, which is part of its global investment of $3 billion in Generative AI (GenAI) through FY30. Launched first in Bengaluru to serve Deloitte’s global network, the Simulation CoE aims to accelerate clients’ decision-making processes, mitigate potential risks, and maximise their return on investment (ROI). It will power next-generation capabilities such as 5G, 6G, Internet of Things, Industrial Metaverse, Space Tech, Physical Robotics and Nanotech. Using real-time insights, the CoE seeks to develop…

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