Economy News
ICICI Prudential Life breaks key resistance; stock set for gradual upmove, says Shitij Gandhi
Trump condemns Bondi Beach, Brown Univ, Syria attacks; vows 'a lot of damage' to Syria attackers
Vizags cruise traffic: 10,000 and counting
Visakhapatnam International Cruise Terminal is projected to double its passenger throughput to 20,000 by 2029
Indian ports gear up to haul more cargo after a good year
Cargo volumes at Indian ports are expected to grow by 35 per cent in FY2026
US military plane and JetBlue flight nearly collided over Caribbean, radio traffic shows
A JetBlue pilot reported narrowly avoiding a midair collision with a U.S. Air Force refueling tanker over the Caribbean after the military aircraft flew without its transponder on, making it invisible to radar. The incident occurred shortly after a flight departed Curaao for New York, forcing the JetBlue plane to halt its climb.
UK MI6 spy chief warns of 'aggressive' Russia threat in first speech
Britains new MI6 chief, Blaise Metreweli, will warn that Russia under Vladimir Putin poses an aggressive, expansionist threat and deliberately exports instability. In her first speech since becoming the first female head of MI6, she will stress that UK support for Ukraine is enduring and that pressure on Russia will continue until Putin changes course.
Etihad scales new peak in November
Etihad Airways flew a record 2.1 million passengers in November
Mizuho looks to wrap up Avendus acquisition this week
Board of the homegrown investment bank is scheduled to meet on Tuesday to okay transaction valuing I-banker at Rs 5,900 crore. KKR looks to make 3.5x rupee return from 9 year old investment.
Vi may get 4-5 years of AGR dues moratorium; dues could be halved
Under the current schedule, Vi needs to pay more than 18,000 crore next March as the first instalment after the end of a moratorium on AGR payments the government had given to telcos in 2021. This was not interest-free, resulting in the arrears increasing every year.
Reliance in talks for a bite of Udhaiyams, set to take on Tata, iD Fresh, MTR
Reliance Consumer Products is in advanced talks to acquire a majority stake in Udhaiyams Agro Foods. This company makes staples, snacks, and ready-to-cook breakfast mixes. The deal is expected to be mid-sized. Reliance aims to tap into regional markets first before a national rollout. This strategy mirrors previous acquisitions.
ICAI bats for division of audit onus; signals truce with NFRA after a year
The Institute of Chartered Accountants of India is set to propose a clear division of responsibility between principal auditors of corporate groups and those auditing subsidiaries. This move aims to ensure financial statement quality and establish accountability. The recommendations will be submitted to the corporate affairs ministry and the National Financial Reporting Authority.
India's top business leaders convened to discuss the nation's economic trajectory, acknowledging both global challenges and domestic strengths. They highlighted rural transformation, political stability, and entrepreneurial spirit as key confidence boosters. However, concerns linger over innovation, R&D investment, and the need for greater private capital deployment to sustain momentum towards global leadership.
Manipur: BJP MLAs meet in Delhi to discuss peace process
BJP MLAs from Manipur, including former Chief Minister Biren Singh and Assembly Speaker Satyabrata Singh, went to Delhi on Saturday to attend the Sunday's meeting convened by the party's Central leadership.
Amidst global volatility, India projects a confident economic stance, reshaping globalization with strategic autonomy in trade and resource management. Times Internet chairman Satyan Gajwani highlighted this at the ET CEO Roundtable 2025, celebrating business leaders who exemplify India's growth and resilience in an uncertain world.
Lending rates moving lower to raise pressure on bank NIMs
Bankers said the move will delay margin recovery since they cannot cut deposit rates sharply due to stiff competition from alternative investment avenues such as mutual funds.
Benchplause! Lets have more of that inside house
Parliamentarians engaged in intense debates on Vande Mataram and electoral reforms, showcasing flair and passion without clear winners or losers. The House functioned, allowing all voices to be heard, and the government even agreed to an Opposition proposal for an air pollution discussion, highlighting the power of debate over disruption.
India identifies 300 products to boost exports to Russia
India eyes a $100 billion trade target with Russia by 2030, identifying 300 products across engineering, pharma, agri, and chemicals with significant export potential. Despite a current $1.7 billion export figure against Russia's $37.4 billion imports, a substantial complementary space exists to bridge India's $59 billion trade deficit.
Cheap copper imports hurting domestic manufacturing, says industry body
Cheap copper imports are hurting Indian manufacturers. The Indian Primary Copper Producers Association is calling for government action. They want safeguard duties and limits on overseas shipments. Investments in domestic production are at risk. The association highlights issues with the India-UAE CEPA and an inflated tariff rate quota. Immediate intervention is sought to protect the industry.
NCLT's valuation flags cloud IL&FS HQ sale
In a recent order, the National Company Law Tribunal (NCLT) rejected the proposed sale of two IL&FS-owned commercial properties -Mafatlal Chambers and Trade World -citing undervaluation.
Parliamentary panel flags oil import dependence, urges diversification amid geopolitical risks
A parliamentary committee has highlighted India's significant reliance on crude oil imports, nearly 89%, and the escalating geopolitical risks. It urged the government to diversify supply sources and bolster risk management, including hedging and flexible contracts, to counter global disruptions and ensure energy security.
CII calls for higher public capex, investment push to sustain growth
The Confederation of Indian Industry (CII) has urged the government to prioritize investments for sustained economic growth, recommending a 12% increase in central capital expenditure and a 10% rise in state capex for FY27.
Bombay High Court rules in favour of AB InBev in trademark case
The court ruled that using the COX 5001 trademark amounts to passing off, a term used in intellectual property rights (IPR) law referring to making a false representation that is likely to mislead someone into believing that the goods or services come from another source.
Regulatory hurdles likely to delay rollout of satcom internet services
So far, Starlink, Eutelsat OneWeb, and Jio Satellite have completed most of the licensing and space-regulatory steps, including obtaining the Global Mobile Personal Communication by Satellite (GMPCS) licence, and approvals from space-regulatory body In-SPACe. Commercial launch, however, hinges on the spectrum allocation based on pricing rules, and compliance with security and capacity rules.
India-Oman trade pact likely to be announced during PM's visit this week
India and Oman are poised to sign a Comprehensive Economic Partnership Agreement (CEPA) during Prime Minister Narendra Modi's visit to Muscat. This free trade agreement, approved by the Union Cabinet, aims to significantly deepen economic ties and open a new chapter in bilateral trade and commercial relations.
India stands with Australia: PM Modi condemns 'ghastly' attack
I extend my sincere condolences to the families who lost their loved ones. We stand in solidarity with the people of Australia in this hour of grief. India has zero tolerance towards terrorism and supports the fight against all forms and manifestations of terrorism, the Prime Minister wrote on X.
Fresh push to unlock Mumbais long-stalled Pagdi buildings redevelopment
The countrys financial capital has over 19,000 pagdi buildings, with more than 13,000 still pending redevelopment, many in prime central areas where land is scarce. The move is expected to generate renewed investor interest and potential development opportunities across these high-value precincts.
New Education Bill to replace UGC, AICTE with regulatory council; Centre to hold more power
Marking a major shift, the Centre will also ensure that the new regulator is divested of all funding/grant mechanisms, which will instead be handled by the Union education ministry.
'Does nothing but bitch.': Trump again torches Rep. Ilhan Omar over Somali immigrants row
Bystander who tackled armed man at Bondi Beach shooting hailed as hero
A civilian is being celebrated as a hero in Sydney. He bravely tackled and disarmed an armed attacker at a Jewish holiday event. This courageous act potentially saved many lives during the incident. The bystander's quick thinking is widely praised. Authorities are investigating the attack further.
Mumbai's Dahisar radar will move to Gorai. This unlocks hundreds of acres for affordable housing. The decision follows a meeting with the Civil Aviation Ministry and Maharashtra government. Cabinet approval is sought for early construction. This move will allow redevelopment of old buildings.
EC appoints 5 nodal officers for EVM first level checking ahead of Bengal assembly polls
The Election Commission has appointed five nodal officers for the First Level Checking of electronic voting machines. These officers are from different states. This preparation is for the upcoming West Bengal assembly elections.
The December horoscope emphasises adaptability. While progress may feel slow, astrologers recommend viewing this phase as preparation rather than stagnation. Strategic pauses, emotional awareness and realistic expectations will prove essential.
News headlines for December 15: Delhi schools are now operating in a hybrid mode due to pollution. Prime Minister Modi embarks on a visit to Jordan. New tourism facilities have opened in Kashmir. The BJP has a new national working president. A mass shooting occurred in Sydney. India leads South Africa in the T20 series. The Odisha Masters badminton tournament has concluded.
Unparalleled war ahead: Trump hints at Pentagon land strikes across Americas, beyond Venezuela
School holiday on December 15: Are schools across India functioning Monday? All you need to know
Today School holiday 15th December: Indian schools will operate as usual on Monday, December 15, 2025. No national holidays or breaks are scheduled for this date. Winter vacations will commence later in December for most regions. An exception is the Winter Zone of Jammu & Kashmir, which is already on a long winter recess. Parents in Delhi-NCR should monitor advisories for potential weather-related adjustments.
Sagar Defence to establish autonomous maritime shipyard in Andhra Pradesh
The proposed project, which will come up at Juvvaladinne Fishing Harbour, is aimed at positioning the state as a key hub for next-generation maritime and autonomous systems development.
5 daily practices to boost mind powers: Doctor shares mental routine to rebuild brain health
A leading neurosurgeon has shared five simple daily habits that can help rebuild and protect brain health over time. Drawing from years of clinical experience, the doctor explains that consistent sleep, regular strength training, daily moments of calm, early recognition of burnout, and avoiding constant exhaustion are key to maintaining mental sharpness.
Football legend Lionel Messi visited Mumbai's Wankhede Stadium as part of his 'GOAT India Tour' 2025. He met Indian football icon Sunil Chhetri and cricket legend Sachin Tendulkar. The event featured a friendly football match and interactions with young footballers. Messi gifted a signed jersey to Chhetri and received a memento from the Maharashtra Chief Minister.
IPL 2026 auction: Five wicketkeepers set to draw franchise attention
2026 IPL Auction: Top 5 wicket keepers in focus. The IPL 2026 auction on December 16 sees franchises prioritizing wicketkeepers who offer batting flexibility. With experienced internationals and emerging talents like Quinton de Kock, Jonny Bairstow, KS Bharat, Jamie Smith, and Josh Inglis in the pool, competition for these crucial players is expected to be fierce.
Russia places Italian judge on most-wanted list after he sentenced Putin to 15 years in prison
Russia is not a member of the International Criminal Court (ICC), and none of the defendants were present in court.
Chartered accountant Nitin Kaushik has shared three simple money rules that focus on disciplined investing, controlled spending and avoiding unnecessary debt. He explains that regularly investing 15 percent of income into low-cost index funds, resisting lifestyle inflation and staying away from credit-driven purchases can help ordinary earners build wealth worth several crores over time.
A Powerball ticket carrying a $1 million prize, along with five other tickets were sold in the US in Saturday nights draw, as the jackpot once again remained without a winner.
Directors of private firm booked for 17.5-crore real estate fraud in Bengaluru
Indian tourists travel closer home as rupee weakness pushes costs
Airfares and hotels rates shoot up due to strong demand and limited availability in favourite destinations
Haq, the courtroom drama starring Yami Gautam and Emraan Hashmi, is set to make its OTT debut after its November theatrical release. Inspired by the landmark Shah Bano case, the film explores issues of womens rights, personal law, and justice through the story of a Muslim woman who approaches the court seeking rightful maintenance.
No place for evil hate: Australian PM reacts to Bondi Beach attack, condemns anti-Semitic violence
What happened in Australia today: A mass shooting at Sydneys Bondi Beach has left at least 11 people dead and 29 others injured, including two police officers, according to authorities.
Bihar minister Nitin Nabin appointed BJP's National Working President. Know about his career and more: Nitin Nabin's appointment as BJP national working president sparks speculation about a generational shift, positioning the 45-year-old Bihar minister as a potential successor to J.P. Nadda. Nabin, a five-term MLA with significant electoral success and ministerial experience, is seen as a dark horse choice backed by top leadership, including Prime Minister Modi.
Australia shooting at Sydney Bondi beach: Common man lauded as hero by Australian Prime Minister Anthony Albanese and citizens for disarming the gunman.
Dharmendra almost fatally injured Amitabh Bachchan while filming superhit movie
Amitabh Bachchan faced a near-fatal incident during Sholay's filming. A gun fired unexpectedly, missing Bachchan by a fraction of an inch. The cinematographer refused to continue filming due to safety concerns. Director Ramesh Sippy calmed the set and addressed the accidental mishap. Dharmendra apologized for the near-tragedy. Sholay later became a cinematic landmark.
Giriraj Singh slams opposition, says they're 'frustrated' after poll debacle
Pankaj Chaudhary: Reluctant politician to BJP's UP skipper
The announcement was made in the presence of Chief Minister Yogi Adityanath and Deputy Chief Ministers Keshav Prasad Maurya and Brajesh Pathak.
Bajaj Finance loses over Rs 19,000 crore in market valuation this week
Overall, eight of the top-10 most valued domestic firms together saw their market valuation erode by Rs 79,129.21 crore during the week. The weak performance came as the BSE benchmark index slipped by 444.71 points, or 0.51 per cent -- reflecting cautious investor sentiment in equities.
A 28-year-old software engineer earning Rs 4050 lakh annually has sparked discussion online after sharing that he feels like a failure despite his high-paying job at a multinational company. In a Reddit post, he explained how constant comparison with peers over savings, lifestyle, and fitness has affected his self-worth. Heavy spending on building a house left him with limited liquid savings, while remarks about his physique added to his insecurity.
India-Russia trade ties: Official says 300 products hold huge potential for Indian exporters
At present, Indias exports of these goods to Russia stand at $1.7 billion, as against Russias $37.4 billion in imports
AVNL, MIL drive 83,109 cr order book for Indias new defence PSUs
The DPSUs are increasingly tapping new domestic and international markets
'Operation Sindoor 2.0 seems inevitable as Pakistan fixated on Kashmir issue with Chinese support'
Retired Lieutenant General Dushyant Singh stated that 'Operation Sindoor 2.0' is inevitable. He highlighted Pakistan's continued focus on Kashmir, supported by China and Turkiye. Singh emphasized India's need to enhance its narrative-building and cyber warfare capabilities. He also called for a codified national security strategy and increased defense spending.
Gopalan Aerospace targets 130 crore revenue in FY25
Local orders now accounting for nearly 60 per cent of its pipeline
NYT Strands is a daily word-search puzzle available in The New York Times Games section. Distinct from Wordle or Connections, it permits words to be traced in multiple directions, up, down, across and diagonally, while each letter on the grid can be used only once.
Neurologist Dr. Sudhir Kumar shared his experience of a 14-hour fasted half marathon, highlighting endurance running's benefits. His run demonstrated efficient fat burning, a strong and economical heart with a low heart rate, and improved blood sugar control. This sustained movement supports longevity and overall wellbeing.
For Australia's Jews, Bondi shooting feels tragically inevitable
Sixteen months and thousands of arson, firebombing, graffiti and hate-speech incidents later, the head of the nation's main intelligence agency declared that antisemitism was his number one priority in terms of threat to life.
Apollo doctor reveals one habit that can help you live longer and no, it's not diet or exercise
New research suggests sleep is key to a longer life, even more than diet or exercise. Studies show sleeping less than seven hours nightly shortens life expectancy. This lack of rest impacts heart health, immunity, and brain function. Experts advise adults to aim for seven to nine hours of sleep nightly.
Australia shooting: What happened in Bondi beach, Sydney? One gunman was fatally shot by police and the second arrested. The suspect was in critical condition, authorities said. At least 29 people were confirmed wounded
Union Budget 2026: Why Budget matters for the governmentand the Indian economy
India Budget 2026: As India prepares for Union Budget 2026, this explainer details its significance as the government's annual financial blueprint. The Budget outlines revenue and expenditure plans, crucial for converting policy promises into action and managing finite resources to drive economic growth and social welfare.
ITR advance tax deadline 2025: From Key dates, tax calculation to a step-by-step guide on how to pay the partial tax payment for the financial year. Here's all you need to know before the 15 December due date.
Kuwait sees fair oil price at $60-$68 a barrel, says oil minister
The recent decline in oil prices was unexpected, Kuwait's Oil Minister Tariq Al-Roumi said on the sidelines of the Organization of Arab Petroleum Exporting Countries' (OAPEC) ministerial meeting in Kuwait.
Premante, starring Priyadarshi Pullikonda and Anandhi, is set to premiere on Netflix in December 2025, following its underwhelming theatrical run. Directed by debutant Navaneeth Sriram, the Telugu romantic drama explores the challenges faced by a married couple as trust issues and external interference strain their relationship. The film will be available in Telugu, Tamil, Kannada, and Malayalam, giving it a wider digital reach.
Late actor Chadwick Boseman's words on purpose over position remain relevant. His message encourages looking beyond job titles to understand one's driving force. His life, marked by private battles and relentless work, exemplified this philosophy. From early plays to iconic roles, his career choices consistently reflected identity and history. Read on!
Banks advised to link MSME loans to external benchmark by RBI: Govt
NEW DELHI, Dec 14: With a view to improve monetary policy transmission, banks have been advised by the Reserve Bank of India (RBI) to link loans to MSMEs to an external benchmark, the Government has informed Parliament. The reset clause for loans has been reduced to three months under the external benchmark system. Further, to make the benefit of external benchmark-based interest regime available to existing borrowers, banks have been advised to provide a switchover option as per mutually [] The post Banks advised to link MSME loans to external benchmark by RBI: Govt appeared first on Daily Excelsior .
No scientific link found between COVID-19 vaccination, sudden deaths in young adults: AIIMS study
Sudden death in young adults is a significant concern requiring targeted public health strategies, the study said, underlying coronary artery disease remains the leading cause and that respiratory and unexplained deaths warrant further investigation.
India's gems, jewellery exports in November grew 20 pc to USD 2.5 bn: GJEPC
India's gems and jewellery exports saw a significant jump of 19.64 percent in November, reaching USD 2.5 billion. This growth was driven by strong demand in markets like Hong Kong, China, and the Middle East. Cut and polished diamond exports also increased substantially. Gold studded jewellery shipments surged due to high demand for job works.
TV prices likely to rise from January as chip crunch and falling rupee squeeze makers
Television prices are set to increase by 3 to 4 percent starting next January. This rise is driven by escalating costs of essential memory chips and a weakening Indian Rupee. Major components for LED TVs are imported, making the industry vulnerable to currency fluctuations. Manufacturers are already informing dealers about the impending price adjustments.
Enforcement Directorate aims to end legacy FERA cases by early 2026
The Enforcement Directorate is set to close hundreds of old cases filed under the Foreign Exchange Regulation Act. These cases, some dating back decades, will be fast-tracked for closure. The agency aims to complete this process by the first quarter of 2026. This move will end long-standing litigation and clear legacy cases. The FERA was replaced by FEMA in 1999.
Sydney shooting breaking: Australia's Bondi Beach in chaos | At least 10 killed, multiple injured
It may take time, but truth will prevail: Rahul Gandhi's scathing attack on BJP's vote chori
At 41, Diljit Dosanjh continues to stay fit and energetic by following a disciplined yet simple daily routine. His day begins at 4:30 am, starting with light movement before a functional workout that includes stair climbing, push-ups, jumping jacks, and stretching exercises like the cobra pose. Post-workout, he keeps his diet clean with green juice and a fruit bowl mixed with protein powder.
BJP appoints Bihar cabinet minister Nitin Nabin as party's national working president
Nitin Nabin, a cabinet minister in the Bihar government, has been appointed as the BJP's national working president. The decision was made by the party's parliamentary board. This appointment is effective immediately, as announced by BJP national general secretary Arun Singh.
Data from more urban, rural markets from 12 big cities to used for new CPI series
Data will be from most popular shops for each of the items in various markets
Benign inflationary trends leave space for RBIs MPC to cut repo further, economists say
Headline inflation appears to have bottomed out in October but is expected to remain well below the RBIs 4% target for the rest of the year
John Cena retired from WWE after a tap out loss to Gunther at Saturday Nights Main Event in Washington DC. Leaving his shoes and wristband in the ring, Cena thanked fans for their support, closing a 24 year career that included a record 17 world championships.
Thought of the day: In 2024, Cristiano Ronaldo became the first male footballer to reach the milestone of 900 career goals. By 2025, he continued his scoring momentum, delivering crucial moments on the field, including a match-winning goal in the UEFANations League semifinal against Germany.
Suffering from high cholesterol? Apollo doctor shares 11 ways to keep cholesterol in control
Dr. Sudhir Kumar emphasizes that lifestyle changes are crucial for managing elevated cholesterol. Reducing saturated and trans fats, focusing on heart-friendly options, increasing fiber, staying active, and achieving sustainable weight loss significantly improve lipid profiles. Combining these habits with necessary medication offers the best outcomes.
Indian teens find their own ways to unplug as countries debate social media bans
Indian teenagers are proactively reducing their social media consumption. Instead of bans, they are setting personal limits and using tools to manage their screen time. This shift reflects a growing awareness of the importance of studies and other activities.
Longest property dispute ends: Punjab Haryana HC rules for original allottee in Faridabad land case
A 62-year-old property dispute in Faridabad has concluded. The Punjab and Haryana High Court ruled in favor of the original allottee's family. They will receive a 5,103 sq ft plot purchased in 1963 for under 14,000. The land's current market value is nearly 7 crore.
iPhone 16 Pro Price Drop: Available under Rs 70,000 during Flipkart End of Season Sale
Apple iPhone 16 Pro discount : Flipkart's End of Season Sale features the iPhone 16 Pro at a significant discount, dropping its price below Rs 70,000 with bank and exchange benefits. Despite not being the latest model, its flagship performance, premium build, and advanced camera system make it a compelling purchase. The sale runs from December 12 to 21.
Quote of the day: Alexander Graham Bell submitted a patent, on February 14, 1876, outlining a technique for transmitting sound electronically, narrowly beating rival inventor Elisha Gray, who filed a comparable claim later the same day.
BJP people 'gaddar', 'dramebaaz'; need to be removed from power: Mallikarjun Kharge
Congress chief Mallikarjun Kharge branded the BJP as raitors and heatrical at a rally, demanding their removal to protect voting rights and the Constitution. He urged Indians to unite behind Congress ideology, asserting it's the only force capable of saving the nation from the RSS's alleged destructive path.
India poised for next phase of multi-trillion-dollar wealth creation: MoSL
India is entering a new era of economic growth. The nation's GDP is projected to quadruple by 2042, leading to substantial wealth creation. This expansion will boost consumption and investment across various sectors. Financial services, consumer goods, automobiles, and real estate are expected to see significant opportunities. Rising incomes will drive demand for lifestyle products and services.
SBI aims to double YONO app users to 20 cr in 2 years, plans significant investment: Chairman
State Bank of India is launching YONO 2.0, a new version of its mobile banking app. The bank aims to double its YONO user base to 20 crore customers within the next two years. This upgrade offers enhanced digital experiences and seamless integration across banking channels. SBI also anticipates strong credit growth driven by its RAM segment.
Quote of the Day by Heath Ledger: I don't have a technique, I've never been a believer in having one
Heath Ledger, the iconic actor known for his role as the Joker, began his career in 1997 with a small role in 'Blackrock'. He later chose a unique role as a gay cyclist in the TV show 'Sweat' to stand out. Ledger believed in acting guided by instinct rather than strict techniques, emphasizing the importance of unique choices.

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