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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 -
      19 March
      228

      India remains high-growth real estate market in APAC amid resilient economy

      Among the nine markets in the APAC region, India, South Korea, Taiwan and Australia saw significant investment growth, each recording more than 30 per cent year-on-year increases during the period, according to a Colliers report New Delhi: Real estate investments in the Asia Pacific market increased 12 per cent (year-on-year) to reach $155.9 billion in 2024, as India continued to exhibit strong momentum with the second half (H2) witnessing 88 per cent annual rise in investments at $3.0 billion, a new report showed on Tuesday. Among the nine markets in the APAC region, India, South Korea, Taiwan and Australia saw significant investment growth, each recording more than 30 per cent year-on-year increases during the period, according to a Colliers report. In…

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    • 19 March
      203

      LG Electronics India gets SEBI nod for IPO, to raise funds via offer for sale

      The company, a wholly-owned subsidiary of South Korean giant LG Electronics Inc., had filed its draft red herring prospectus (DRHP) with SEBI on December 6, 2024 New Delhi: LG Electronics India Limited on Tuesday announced that it has received approval from the Securities and Exchange Board of India (SEBI) to launch its initial public offering (IPO) which is expected to be around Rs 15,000 crore. The company, a wholly-owned subsidiary of South Korean giant LG Electronics Inc., had filed its draft red herring prospectus (DRHP) with SEBI on December 6, 2024. With the final observation from the regulator, the company can now proceed with the offering, according to its statement. The IPO will be entirely an offer for sale (OFS), where LG Electronics Inc. will…

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    • 19 March
      193

      Flying from Mumbai to become costlier as MIAL proposes steep hike in User Development Fee

      At present, international passengers flying from Mumbai International Airport are charged Rs 187 while domestic passengers don’t have to pay any such fee Mumbai: Flying from Mumbai International Airport is set to become costlier from next financial year with the private airport operator MIAL proposing a steep hike of Rs 463 in User Development Fee for international passengers, while domestic passengers will be charged a UDF of Rs 325. At present, international passengers are charged Rs 187, which has been proposed to be raised to Rs 650, while domestic passengers don’t have to pay any such fee. “The proposed tariff card, which has been submitted to the Airport Economic Regulatory Authority (AERA) for its approval, is in line with what the…

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    • 19 March
      197

      Rights petitions against Adani Green Energy projects in Sri Lanka withdrawn

      The withdrawal comes after Adani Green Energy notified the Board of Investment about its decision to cancel its wind energy projects in Mannar and Pooneryn Colombo: Five fundamental rights petitions filed against the Adani Green Energy projects in the northeastern region of Sri Lanka have been withdrawn by the petitioners. The withdrawal comes after the Attorney General filed a motion following Adani Green Energy’s notification to the Board of Investment about its decision to cancel its wind energy projects. Last month, the Indian conglomerate announced its withdrawal from further engagement in the renewable wind energy project in Mannar and Pooneryn. Fundamental rights petitions were filed in 2024 after the previous cabinet approved the project in May last year. The petitions pointed to the project’s environmental hazards…

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    • 19 March
      243

      Sensex zooms 1,131 points amid bullish trend, reclaims 75,000-level

      The 30-share BSE Sensex settled at 75,301.26 while the NSE Nifty surged 325.55 points or 1.45 per cent to 22,834.30 on March 18 Mumbai: The BSE benchmark index Sensex jumped 1,131 points to revisit the 75,000 level on Tuesday and the NSE Nifty surged 1.45 per cent powered by widespread buying amid a bullish trend in global equities. Extending its previous day’s rally, the 30-share BSE Sensex jumped 1,131.31 points or 1.53 per cent to settle at 75,301.26. During the day, it soared 1,215.81 points or 1.63 per cent to 75,385.76. The NSE Nifty surged 325.55 points or 1.45 per cent to 22,834.30. From the Sensex pack, Zomato jumped over 7 per cent. ICICI Bank, Mahindra & Mahindra, Tata Motors, Larsen & Toubro, Asian Paints, Titan, Kotak…

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    • 19 March
      239

      Google to buy cloud security platform Wiz for $32 billion

      The acquisition represents an investment by Google Cloud to accelerate two large and growing trends in the AI era —improved cloud security and the ability to use multiple clouds New York: Tech major Google on Tuesday announced to acquire Wiz, a leading cloud security platform headquartered in New York, for $32 billion in an all-cash transaction. Once the acquisition is closed, Wiz will join Google Cloud. This acquisition represents an investment by Google Cloud to accelerate two large and growing trends in the AI era —improved cloud security and the ability to use multiple clouds (multi-cloud). “From its earliest days, Google’s strong security focus has made us a leader in keeping people safe online. Today, businesses and governments that run in the cloud are…

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    • 18 March
      278

      Bombay HC discharges Gautam Adani, Rajesh Adani in market regulations ‘violation’ case

      The Serious Fraud Investigation Office (SFIO) in 2012 initiated the case against the Adani Enterprises Limited (AEL) and its promoters Gautam Adani and Rajesh Adani, and filed a chargesheet, accusing them of criminal conspiracy and cheating Mumbai: The Bombay High Court on Monday discharged Adani Enterprises Ltd, group Chairman Gautam Adani and MD Rajesh Adani from a case of alleged violations of market regulations involving Rs 388 crore, saying no case of cheating or criminal conspiracy was made out. The Serious Fraud Investigation Office (SFIO) in 2012 initiated the case against the Adani Enterprises Limited (AEL) and its promoters Gautam Adani and Rajesh Adani, and filed a chargesheet, accusing them of criminal conspiracy and cheating. In 2019, the company and the…

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    • 18 March
      232

      Editorial: Uphill task for India’s container train operators

      The Railways must treat container train operators as partners rather than competitors to facilitate more private investments in the sector Nearly two decades after the central government unveiled a policy allowing private operators to run container trains on the Railway network, the sector is still grappling with a plethora of challenges while its growth remains largely sluggish. Regulatory hurdles, infrastructure limitations, high costs, stifling rules set by the Railways and unreliable service on railway networks are among the stumbling blocks that are preventing container train operators (CTOs) from realising their full potential. The latest data indicates a sluggish growth trend in container volumes. In February 2025, Indian Railways handled 7.11 million tonnes of container cargo (EXIM and domestic combined), which remained…

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    • 18 March
      246

      After Maruti, Tata Motors set to hike vehicle prices

      The company will increase prices depending on individual model and variant New Delhi: Tata Motors on Monday said it will increase prices of its commercial vehicle range by up to 2 per cent from April in order to partially offset the impact of rising input costs. The prices of the company’s commercial vehicle range will increase by up to 2 per cent from April 1, 2025, Tata Motors said in a regulatory filing. The price increase is to offset the rise in input costs, and will vary as per individual model and variant, it added. Part of the USD 165 billion Tata group, Tata Motors is a USD 44 billion organisation. It manufactures cars, utility vehicles, trucks, and buses. Shares of Tata Motors on Monday…

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    • 18 March
      196

      Wheelchair incident: Govt to issue show cause notice to Air India

      Civil Aviation Minister Rammohan Naidu said Ministry is looking into the complaint of non-availability of a pre-booked wheelchair by Air India to an 82-year-old woman passenger at Delhi airport New Delhi: Civil Aviation Minister Kinjarapu Rammohan Naidu on Monday informed the Rajya Sabha that the Ministry was looking into the complaint of non-availability of a pre-booked wheelchair by Air India to an 82-year-old woman passenger at Delhi airport, and a show cause notice will be issued to the airline. Replying to supplementaries during question hour in the Rajya Sabha, the Minister said aviation regulator DGCA has spoken to the family of the passenger and the airlines, and is looking into the CCTV footage to ascertain what exactly had happened. Noting that…

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