Business News
Shiprocket files updated IPO papers for 2,342cr issue
Shiprocket, a Gurugram-based logistics and shipping platform has filed an updated Draft Red Herring Prospectus (DRHP) with the Securities and Exc
Ahmedabad-based fruit & veggie supplier, Stanbik Agro, float IPO to fund expansion
The issue will fund expansion of the companys farmtomarket retail network and support its working capital needs as it scales up operations since
FPIs withdraw 13,000cr from Indian markets in a week
Foreign Portfolio Investors (FPIs) pulled out 12,941 crore from Indian markets in the week ending December 12.
Dalal Street Week Ahead: Nifty seen consolidating further before next directional move
The Nifty experienced a mild corrective movement, trading in a downward-biased consolidation phase and ending the week with a slight loss. Despit
Foreign investors withdraw 13,000cr from Indian markets in a week
Foreign Portfolio Investors (FPIs) have pulled out 12,941 crore from the Indian stock market in the week ending December 12.
How India's new labor laws can boost women's workforce participation
The All India Organisation of Employers (AIOE) and law firm Shardul Amarchand Mangaldas have released a white paper highlighting the potential of
Debt mutual funds see 25,000cr outflows in November
Debt mutual funds witnessed a massive outflow of 25,692 crore in November 2025, reversing last month's inflow of 1.59 lakh crore.
India's primary market is gearing up for a busy week with four new IPOs totaling Rs 830 crore, led by KSH International's Rs 710 crore offering.
BJP-led NDA creates history in Kerala local polls, unseats LDF in Thiruvananthapuram Corporation
Of the 101 wards in Thiruvananthapuram Corporation, the BJP won 50, LDF 29, UDF 19 and two by independent candidates
Indias December crude oil imports from Russia likely to follow November 2025 cues, says CREA
India imported crude oil worth Euro 2.6 billion, or roughly $3 billion, last month compared to Euro 2.5 billion ($2.93 billion) in October 2025,
One in two IPOs trading below issue price as high valuations remain a concern
Of the 97 companies that tapped the market between January 1 and December 11, about 47 are trading below their issue price
Low inflation, high growth: India's 'sweet spot' - Who really pays for 'goldilocks' economy?
India is experiencing a rare economic phase with near-zero inflation and robust growth exceeding 8%. While this 'Goldilocks' moment benefits borr
India is actively engaging with Mexico over a unilateral tariff hike of up to 50% on a wide range of products. New Delhi seeks solutions benefici
Income Tax Department cautions taxpayers against rise in fake emails, SMS scams
The Income Tax Department has issued a fresh public advisory cautioning taxpayers--especially senior citizens--against a growing number of fraudu
FPIs pull out 12,941 crore from markets in week ending December 12
Rupee weakness further dampened foreign investor sentiment as currency losses eroded dollar-based returns
SpaceX sets $800 billion valuation, confirms 2026 IPO plans
The per-share price of $421 in its latest secondary offering, laid out by Chief Financial Officer Bret Johnsen in the memo to shareholders, is ne
JioStar and ICC deny reports of split in broadcast partnership
JioStar and the International Cricket Council (ICC) have denied rumors of a split in their broadcast partnership.
Tesla's latest product is $350 pickleball paddle you can't buy
Tesla has launched a new lifestyle product, but it's not a car accessory.
he changes affect domestic retail term deposits below Rs 3 crore, the Marginal Cost of Funds?based Lending Rate (MCLR), the External Benchmark Li
RBI Deputy Governor dismisses need for stablecoins in India
T Rabi Sankar, the Deputy Governor of the Reserve Bank of India (RBI) has dismissed the need for stablecoins in India's financial system.
India warns of retaliation as Mexico imposes 50% tariffs
India has strongly opposed Mexico's sudden decision to raise import tariffs on goods from countries without free trade agreements.
Air quality turns severe, GRAP-III restrictions in Delhi invoked
The GRAP Stage III restrictions were last invoked on November 15, but was revoked later after air quality improved with change in weather and blo
Shivganga Drillers files papers with Sebi for Rs 400-cr IPO
Shivganga Drillers is planning to raise Rs 400 crore through an initial public offering. The company will use the funds for machinery, debt repay
Indian markets saw significant volatility and closed the week in the red. Foreign fund outflows and a falling rupee impacted investor sentiment.
Shiprocket files updated IPO papers with SEBI; eyes 2,342 crore via public issue
The IPO is a combination of a fresh issue of equity shares aggregating up to 1,100 crore along with an offer for sale of 1,242.3 crore by the sel
Shivganga Drillers files papers with SEBI for 400-cr IPO
The company may raise 80 crore through a pre-IPO placement, which, if undertaken, would accordingly adjust the fresh issue size
ICICI Direct names Bajaj Finserv, IOL among 7 top picks as it sees Nifty at 30,000 in 2026
Against this backdrop, ICICI Direct has identified seven stocks as its top picks for the year, citing favourable technical and structural charact
Where valuations still make sense: ICICI Pru's Vaibhav Dusad on IT, banks and select contrarian bets
ICICI Prudential AMC sees opportunities in technology and large private banks. Financials are adapting to rate cycle changes. The fund manager di
Robert Kiyosaki, author of 'Rich Dad Poor Dad', criticized the global financial system as a 'Heads I win, tails you lose' game controlled by bank
Chaos at Salt Lake stadium in Kolkata as fans erupt after failing to see Messi
The police had to baton-charge to disperse the crowd on the field
India engaged with Mexico over 'unilateral' tariff hike
India is actively engaging with Mexico to find mutually beneficial solutions regarding Mexico's unilateral tariff hikes on certain products. Whil
Following the RBI's repo rate cut, State Bank of India has slashed its lending rates, including MCLR, EBLR, and RLLR, effective December 15th. Th
SpaceX IPO: Why world's leading space company is going public
SpaceX is gearing up for a major initial public offering (IPO) next year, The Wall Street Journal reported.
Eternal and Temasek-backed Shiprocket files updated DRHP for Rs 2,342 crore IPO
E-commerce enabler Shiprocket is gearing up for an IPO, aiming to raise up to Rs 2,342 crore. The company, backed by investors like Temasek, plan
Bitcoin and major cryptocurrencies experienced a significant slump, dropping over 2% in 24 hours and extending monthly declines to over 10%. This
SBI cuts lending rates, home loan EMIs set to fall
The State Bank of India (SBI) has announced a reduction in its lending rates across various benchmarks, including the Marginal Cost of Funds-base
IPO Calendar next week: 4 new issues, ICICI Prudential AMC among 15 listings on investors radar
India's primary market is buzzing with activity as four new public issues, totaling Rs 830 crore, are set to launch, led by KSH International's R
India has eased visa regulations for Chinese professionals, allowing them to obtain business visas for short-term assignments, a move aimed at st
Cement margins to rise 250 bps on higher realisation, stable cost in FY26: Crisil report
In the first half of this fiscal year, volume grew a moderate 5% year-on-year; In the second half of this fiscal year, volume is expected to rise
Cramer's week ahead: New economic data and earnings from FedEx, Jabil
CNBC's Jim Cramer on Friday told investors what to look out for next week on Wall Street. Cramer's week ahead: New economic data and earnings fro
Trump says 'no big deal' after Jeffrey Epstein photos showing him released
Democrats on the House Oversight Committee released the photos to pressure the Trump administration to release files about Jeffrey Epstein. Trump
Boeing delays Trumps new Air Force One jets again
The US Air Force is facing another year-long delay in receiving its new Air Force One jets from Boeing.
SpaceX's valuation nears $800B as it prepares for IPO debut
SpaceX, the pioneering space exploration company founded by Elon Musk, is gearing up for an initial public offering (IPO) in 2026.
Labour Codes can significantly boost women's workforce participation in India: Report
New labour codes, effective November 2025, are poised to significantly boost women's workforce participation by enhancing safety, security, and a
SEBI dismisses insider trading case against Adani's nephew
The Securities and Exchange Board of India (SEBI) has dropped insider-trading allegations against Pranav Adani, director of several Adani Group c
Jefferies names Axis Bank, M&M, among 10 stocks as its top bets. How many do you own?
The target is based on a 20x PE multiple on estimated Dec-27 earnings, which implies a modest 5% de-rating from current levels.
Union Budget: How it is prepared and presented
Finance Minister Nirmala Sitharaman will present her ninth consecutive Union Budget on February 1, 2026.
Concurrent Gainers: 8 smallcap stocks that gain for 5 days in a row
The benchmark finished in the red in three of the five sessions between December 8 and 12. Despite broader market weakness and some volatility, e
SBI lowers select deposit, lending rates
SBI has reduced interest rates on specific deposits and lending benchmarks following a 25 basis points repo rate cut. The bank adjusted deposit r
The Indian government has launched a Rs 476.03 crore, six-year development program to modernize the makhana sector. This initiative, overseen by
Up to 5,500% return! BSE, Adani Enterprises among India's top 10 fastest wealth multibaggers
The study tracks total shareholder returns, profit growth and market capitalisation expansion to identify the fastest wealth creators over five y
Infosys seeks damages from Cognizant in antitrust dispute
Infosys has filed a counterclaim in its ongoing legal battle with Cognizant, seeking monetary and equitable relief.
Hotels set for a strong 2HFY26: Indian Hotels, Lemon Tree strong buys
India's hotel sector is experiencing sustained acceleration, driven by a broad recovery across business, leisure, weddings, and MICE segments. St
Real Estate emerges as a stable, yield-oriented asset for 2026, says Knight Franks Vivek Rathi
Indian real estate is poised for a strong performance in 2026. The sector offers stability and income generation, outperforming other asset class
ICICI Prudential Mutual Funds IPO subscribed 72% on opening day
ICICI Prudential Mutual Fund's massive Rs 10,600-crore IPO saw robust demand on its opening day, with institutional investors oversubscribing the
Haryana ties up with World Bank to cut pollution
Haryana has launched its most ambitious environmental initiative, the 'Haryana Clean Air Project for Sustainable Development,' in collaboration w
Indian Railways is piloting a new on-board catering model, separating meal preparation from service. IRCTC is partnering with established food br
Department of Posts partners BSE to expand Mutual Fund access across India
Selected postal employees will be trained and certified as mutual fund distributors, enabling them to provide investor services and facilitate mu
India's retail inflation predicted to average 2.5% in FY26: Crisil
Crisil, a leading rating agency, has projected that India's retail inflation will average around 2.5% in the fiscal year 2025-26.
Trump's $100,000 H-1B visa fee draws legal challenge from USstates
The states joining California in the lawsuit include New York, Massachusetts, Illinois, New Jersey and Washington
Intel nears $1.6B acquisition of AI start-up SambaNova
Intel is reportedly close to acquiring artificial intelligence (AI) start-up SambaNova Systems in a deal worth $1.6 billion, including debt.
IndiGo moves Delhi HC seeking refund of 900 crore Customs duty
IndiGo, in its plea, contended that the levy of Customs duty on such re-imports was unconstitutional and amounted to double levy on the same tran
ICICI Pru AMC to Corona Remedies: GMPs suggest up to 63% returns for 15 IPO listings next week
Grey market premiums indicate a wide dispersion in listing expectations, ranging from flat debuts to gains of over 60%.
Lionel Messi to virtually unveil his 70-foot statue at Lake Town in Kolkata
The Argentine football legend arrived in the City of Joy early on Saturday morning to an overwhelming reception from fans
President Trump touts rising government revenues and investment pledges as proof of his economic strategy's success. However, many Americans face
India's bond market held firm as the RBI cut repo rates to 5.25%, driven by robust growth and low inflation. Global markets also saw yields dip,
Paramounts $54 billion debt plays a starring role in Warner bid
Paramount has a temporary financing package in place for the combined company, but it hasnt locked in a maximum rate on more permanent borrowings
Trumps 'illegal' tariffs on India challenged as US lawmakers move to end emergency duties
Trump India Tariffs: Democratic lawmakers have introduced a resolution to terminate the national emergency used by President Trump to impose stee
IndiGo estimates over $55 million payout to customers following flight cancellations
The airline canceled about 4,500 flights last week due to poor pilot roster planning, stranding thousands of passengers, prompting the civil avia
Fed's Hammack would prefer tighter policy given too high inflation
Cleveland Fed President Beth Hammack believes monetary policy should be tighter. She feels current interest rates are around neutral. Hammack wou
GST reforms may reduce retail inflation by 35 basis points in 2025-26: SBI report
Retail inflation in India has experienced a dip thanks to adjustments in GST rates, with SBI Research forecasting this positive trend ahead. Howe
5 world market themes for the week ahead
EU leaders are pushing for a deal to fund Ukraine using frozen Russian assets, a critical move amid the ongoing conflict. Meanwhile, the US relea
India retail inflation to average 2.5% in 2025-26 fiscal: Crisil
Inflation based on the Consumer Price Index quickened to 0.7% in November from 0.3% in October, driven by the slower pace of deflation in the foo
Wall Street Week Ahead: Investors eager for delayed data to shed light on US economy
Upcoming U.S. economic data, including employment and inflation reports, will offer crucial insights after a federal government shutdown. Investo
Who benefits most from sustainable livestock nutrition practices
Improved feeding practices increase productivity, income, and food security while supporting rural development and sustainable agriculture
Delhi chokes as air quality deteriorates, AQI recorded at 393
The situation follows a continuation of poor air quality conditions observed on Friday as well
Two Fed dissenters cite inflation risk in votes against rate cut
Federal Reserve officials are split on cutting interest rates. Some believe inflation remains too high, citing a lack of recent economic data. Th
Bitcoin hoarding company Strategy remains in Nasdaq 100
Bitcoin investor MicroStrategy has retained its spot in the Nasdaq 100, despite growing concerns about its business model's sustainability. Analy
Stablecoins unstable, pose major fin risks: RBI deputy governor
RBI Deputy Governor T Rabi Sankar warned that stablecoins pose significant macro-financial risks, including currency substitution and weakened mo
'India is a key partner': US lawmakers urge to scrap 50% tariff; warn of economic fallout
US lawmakers are pushing to remove steep tariffs on Indian imports, arguing they harm American jobs and consumers. A resolution seeks to end Pres
Johnson & Johnson ordered to pay $40 million to two women in latest talc trial
The jury found that Johnson & Johnson knew for years its talc-based products were dangerous but failed to warn consumers; company to appeal verdi
J&Js talc trouble continues: Johnson & Johnson ordered to pay $40 million in baby powder cancer case
A California jury ordered Johnson & Johnson to pay $40 million to two women who claimed its talc-based baby powder caused their ovarian cancer. T
Wall Street ends lower; fears of AI bubble and inflation send investors away
Technology stocks led a broad market decline on Friday, with the S&P 500 and Nasdaq falling over 1%. Concerns over an AI bubble, fueled by Broadc
Wall St rally pumps up Dalal-Street, sensex back above 85k mark
Investor sentiment surged on Dalal Street, propelling the Sensex back above the 85,000 mark following a record-breaking rally on Wall Street. Thi
India-EU FTA nears completion: CTA Apparels calls it game-changer for apparel industry
India's apparel sector anticipates a significant boost from the India-EU Free Trade Agreement. Negotiations are progressing positively, aiming to
ICICI Direct forecasts the Nifty reaching 30,000 by 2026. The brokerage suggests investing in Bajaj Finserv, Indian Oil Corporation, LTIMindtree,
Brookfield bets $1 billion for GCC in Mumbai
Brookfield is set to invest over one billion dollars in Mumbai. This investment will establish Asia's largest Global Capability Centre. The proje
Fed cut boosts D-Street even as rupee, trade worries persist
Indian stock markets saw a modest rise on Friday. The Nifty and Sensex closed higher, gaining about half a per cent. This uptick followed a US in
Sebi mandates 2 new EDs to strengthen MIIs
Sebi has enhanced governance at Market Infrastructure Institutions by mandating the appointment of two executive directors. One ED will manage cr
Bank holiday today: Are banks open or closed on 13 December for Second Saturday weekend off?
Bank holiday today: There are a total of 17 holidays for public and private banks in India in December 2025, according to the RBI's official stat

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