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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 -
      26 March
      266

      Chinese electric vehicle maker BYD zooms past Tesla’s sales

      Recently, BYD announced it was rolling out a superfast EV charging system that it says is nearly as quick as a fill up at the pumps BANGKOK: Chinese electric vehicle maker BYD logged a record 777.1 billion yuan ($107 billion) in revenue last year as its sales of battery electric and hybrid vehicles jumped 40%. The report late Monday coincided with BYD’s launch earlier this week of its Qin L EV sedan, a mid-sized model similar to Tesla’s Model 3 but at just over half the price. Tesla’s 2024 revenue was nearly $97.7 billion. BYD’s net profit last year was about 40 billion yuan ($5.6 billion), up 34% from the year before. Last week, the company announced it was rolling out a super fast EV charging…

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    • 26 March
      224

      Trouble-hit IndusInd Bank slapped with Rs 30.15 crore GST fine

      The private lender, which is already under scrutiny for discrepancies in its derivatives portfolio, stated it is considering filing an appeal against the GST order Mumbai: IndusInd Bank’s share fell over 5 per cent on Tuesday after the bank informed that GST authorities in Thane, Maharashtra, had imposed a penalty of more than Rs 30.15 crore due to several compliance issues. The stock declined as much as 5.12 per cent to close at Rs 635.15 apiece on the National Stock Exchange (NSE). The private lender, which is already under scrutiny for discrepancies in its derivatives portfolio, stated that it is considering filing an appeal against the GST order. In a regulatory filing, IndusInd Bank said that the penalty had been imposed by the…

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    • 26 March
      231

      BHIM 3.0 now smarter, has these many languages, new features

      The rollout of BHIM 3.0 will take place in phases, with full availability expected by April New Delhi: NPCI BHIM Services Limited (NBSL), a subsidiary of the National Payments Corporation of India (NPCI) on Tuesday launched the latest version of the Bharat Interface for Money (BHIM) app — BHIM 3.0. BHIM 3.0 marks the third major upgrade since the app was first introduced by Prime Minister Narendra Modi in 2016. The new version promises a smoother and more user-friendly experience with enhanced features. It now supports over 15 Indian languages, making digital payments more accessible to users across the country. Additionally, it has been optimised to work efficiently in areas with low or unstable internet connectivity, ensuring seamless transactions even in remote locations.…

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    • 25 March
      337

      Unified Pension Scheme to roll out from April 1. Here’s how it will benefit central govt employees

      Central government employees, currently under National Pension System (NPS), will have the option to switch to Unified Pension Scheme, which incorporates features from both Old Pension Scheme (OPS) and NPS   New Delhi: From April 1, Central government employees with at least 25 years of service will be eligible for a fixed pension equal to 50 per cent of their average basic salary from the last 12 months before retirement under the new Unified Pension Scheme (UPS). The government is introducing the UPS to offer more financial security after retirement to at least 23 lakh Central government employees, particularly for those who prefer a stable and predictable income instead of a market-linked pension. Employees, who have served for more than 10…

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    • 25 March
      341

      Acer India follows L&T, announces one-day menstrual leave policy

      Larsen and Toubro, in a first for a major corporate house, had announced a one-day paid menstrual leave for women employees, a move set to benefit about 5,000 women employees at the company New Delhi: Acer India has introduced a menstrual leave policy that would give female employees one additional day of paid leave per month, as the tech firm joined a growing roster of companies that are looking to foster a more supportive workplace and champion gender-inclusivity. In a statement, the company said its latest move would enable female staff to prioritise their menstrual health without impacting their regular leave entitlements. “Acer India has introduced ‘Matrika’, a menstrual leave policy to foster a more inclusive and supportive workplace…Under this policy, female…

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    • 25 March
      351

      Sensex rallies for 6th straight day, jumps 1,078 points on FII inflows, gains in banks on March 24

      A positive trend in the US and European markets powered the rally in Indian equities; Foreign institutional investors bought shares worth Rs 7,470.36 crore on March 21 Mumbai: Benchmark equity indices Sensex and Nifty surged more than 1 per cent on Monday amid fresh foreign fund inflows and buying in banking and oil & gas shares. The 30-share BSE Sensex jumped 1,078.87 points or 1.40 per cent to settle at over six-week high of 77,984.38. During the day, it zoomed 1,201.72 points or 1.56 per cent to 78,107.23. The NSE Nifty surged by 307.95 points or 1.32 per cent to 23,658.35. Intra-day, the benchmark zoomed 358.35 points or 1.53 per cent to 23,708.75. A positive trend in the US and European markets powered the rally…

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    • 25 March
      410

      Is hyaluronic acid safe for all?

      Though hyaluronic acid is generally a safe ingredient, even for sensitive skin, youngsters should avoid products containing such active ingredients including retinol, vitamin C, alpha- and beta- hydroxy acids, and peptides, as well as those labelled with terms such as anti-ageing, wrinkle-reducing, brightening, or firming Hyderabad: Hyaluronic acid is a glycosaminoglycan – a sugar-based molecule found naturally in the skin, eyes, joint fluid and connective tissue. It plays a key role in hydrating the skin and tissues, lubricating our joints and supporting tissue repair. Beyond cosmetics, hyaluronic acid is used in drug delivery, regenerative medicine, wound repair, and to treat conditions such as atherosclerosis (where the arterial walls harden and narrow) and osteoarthritis (a degenerative joint disease). It is also a…

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    • 25 March
      303

      Finance Bill classic case of patchwork solutions: Shashi Tharoor

      Initiating debate on Finance Bill in Lok Sabha, Congress MP Shashi Tharoor alleged that the BJP government’s economic management is facing structural challenges New Delhi: Congress MP Shashi Tharoor on Monday criticised the Finance Bill saying it is a “classic case of patchwork” and India’s GST is the “most complex tax” in world, even as BJP’s Nishikant Dubey defended it asserting that Congress’ agenda is to oppose everything without looking at the positives. Initiating the debate on the Finance Bill in Lok Sabha, Tharoor alleged that the BJP government’s economic management is facing structural challenges. “The Finance Minister’s Budget speech in this house reminded me of the garage mechanic who said I couldn’t fix your brakes, so I made the horn louder but…

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    • 25 March
      247

      Reciprocal tariffs effect? India proposes to abolish digital tax on online advertisements

      Experts say the proposal to remove the Equalisation Levy on online advertisements is aimed at showing an accommodative stance to the US, which has threatened to introduce reciprocal tariffs from April 2 New Delhi: The government on Monday proposed to abolish the Equalisation Levy or digital tax on online advertisements as part of the 59 amendments to the Finance Bill 2025, which is being debated in the Lok Sabha. The proposal to remove the Equalisation Levy on online advertisements, according to experts, is aimed at showing an accommodative stance to the US, which has threatened to introduce reciprocal tariffs from April 2. The Equalisation Levy was imposed on online advertisement services on June 1, 2016. The amendments to Finance Bill 2025 were introduced in the…

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    • 24 March
      228

      India’s traditional Goli Pop Soda makes a fresh splash in US, Europe, Gulf markets 

      A strategic partnership with Fair Exports India has also ensured steady deliveries to Lulu Hypermarket, one of the largest retail chains in the Gulf region New Delhi: India’s traditional Goli Soda has made strong inroads in global markets under the new Goli Pop Soda brand after successful trial shipments to the US, the UK, Europe, and Gulf countries, according to a statement issued by the Agricultural and Processed Food Products Export Development Authority (APEDA) on Sunday. A strategic partnership with Fair Exports India has also ensured steady deliveries to Lulu Hypermarket, one of the largest retail chains in the Gulf region. Thousands of bottles have been stocked across Lulu outlets, receiving an overwhelmingly positive response, the statement said. “In the UK,…

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