22 C Business News
Text view
Markets close lower as Rupee volatility, weak breadth dampen sentiment
The BSE Sensex closed at 84,559.65, down 120.21 points or 0.14%; NSE Nifty fell 41.55 points or 0.16% to settle at 25,818.55, after touching an i
LeT terrorist used Xiaomi and Vivo phones in Pahalgam attack
Two Xiaomi handsetsa Redmi Note 9 and a Redmi Note 12were traced to purchases made in Lahore and Karachi, respectively, as per NIA sources, while
The rules of the National Pension System have been changed regarding exiting and withdrawals. The new rules have been relaxed and will benefit go
Rupee recovers 55 paise from all-time low level to close at 90.38 against U.S. dollar
On December 16, the rupee tanked below 91 per dollar, hitting a low of 91.14. It finally settled at an all-time low of 90.93 against the American
HDFC Bank reduces FD interest rates : Check affected schemes
HDFC Bank has revised the interest rates on fixed deposits (FDs) of up to 3 crore. The change came into effect from today.
India, Oman to sign Free Trade Agreement on December 18, Piyush Goyal confirms
Apart from various sectoral benefits, India will gain in terms of the access Oman provides to other markets such as the GCC region, eastern Europ
Hindustan Zinc, Shriram Finance among 6 stocks hit 52-week highs; gains up to 20% in a month
Despite a 120-point decline in the Sensex amid broader market weakness, six BSE 500 stocks scaled fresh 52-week highs, signalling stock-specific
Call 91.1 for rupee answered! How RBI rescued INR after 5-day slide
The Indian rupee rebounded sharply on Wednesday, posting its strongest single-day gain in two months after decisive RBI intervention halted a fiv
Gainers & Losers: IGL, Meesho among 7 stocks that saw major action on Wednesday
Indian benchmarks fell for a third straight session as autos, financials and FMCG stocks dragged markets. Nifty slipped 0.16% amid sharp stock-sp
Indias 8% growth a dream rate, but sustained reforms key for jobs: Gita Gopinath
Indias 8%+ growth is a dream rate globally, but sustaining it will require continued reforms, job creation and skill development, according to Ha
Indian malls to attract over $3.5 billion in investments over next 3 years
Experts attribute the growth to increasing purchasing power, limited premium real estate supply, and aggressive expansion plans by international
Zomato's Deepinder Goyal crowned India's top self-made entrepreneur
Deepinder Goyal, the CEO of Eternal (formerly Zomato), has topped the IDFC FIRST Private & Hurun India's Top 200 Self-made Entrepreneurs of the M
Valuation Alert: 10 midcap stocks trading well above Industry PE
Several NSE midcap stocks are trading at trailing P/E ratios significantly above their respective industry averages, reflecting premium valuation
Zomato founder Goyal pips Dmarts Damani to top list of 200 self-made entrepreneurs
While Eternal topped the list with its valuation rising 27 per cent year-on-year to 3.2 lakh crore, Avenues Supermarts dipped 13 per cent to 3 la
NPS subscribers will now be able to withdraw up to 80% of the corpus when it exceeds 12 lakh.
Jamshri Realty unveils integrated mixed-use project in Solapur
Spread over 15 acres, the mixed-use development will combine high-street retail, wellness and recreational spaces, modern office infrastructure,
Indias rising geoeconomic influence is built on strong economic growth, deep domestic capital pools and a rapidly expanding digital and physical
Despite US sanctions on Russian oil majors, Indian refiners are maintaining robust crude imports. December shipments are expected to exceed 1 mil
Rs 47,000 crore gain! Meesho's 95% rally makes it India's best-performing big IPO of 2025
Meesho has emerged as Indias best-performing large IPO of 2025, rallying nearly 95% since listing and adding Rs 47,000 crore in investor value. B
Rupee recovers 55 paise from all-time low level to close at 90.38 against US dollar
MUMBAI, Dec 17: The rupee recovered 55 paise from its all-time low level to close at 90.38 (provisional) against the US dollar after a volatile t
Manufacturing declining in India, need to build meaningful ecosystems: Rahul Gandhi
India needs to build meaningful manufacturing ecosystems for accelerating growth, Mr. Gandhi said in a social media post after a guided tour of B
India Inc to see 9% salary growth in 2026, with focus on short-term incentives: Mercer
The survey revealed that organisations are continuing to refine their rewards packages, with a focus on short-term incentives, moving toward more
Growth in UK house prices and private rents slows
British house prices in October were 1.7% higher than a year earlier, the smallest annual rise since September 2024 and down from a downwardly re
Sebi initiates Rs 18.14 cr recovery proceedings against 'Baap of Chart'
Sebi has initiated proceedings to recover dues of Rs 18.14 crore from Mohd Nasiruddin Ansari, popularly known as 'Baap of Chart', Rahul Rao Padam
Rupee snaps losing streak, logs best day in 2 months on firm RBI intervention
The Indian rupee soared on Wednesday to post its best one-day gain in two months as heavy-handed intervention by the Reserve Bank of India halted
Silver prices hit record high of 2.06L/kg: What's driving surge?
Silver prices have hit an all-time high of 2,06,111 per kilogram on the Multi Commodity Exchange (MCX) today.
UAE Golden Visa or Saudi Premium Residency: Which Gulf nation offers the best long-term future?
The UAE Golden Visa and Saudi Arabias Premium Residency reflect a shared shift across the Gulf: long-term residency as economic strategy. Both ai
Indias growth story intact despite FII outflows, sentiment the key risk: Jim Walker
Market strategist Jim Walker expresses astonishment at foreign investors selling Indian equities, deeming it a madness given India's status as th
Amazon to lay off 370 employees at Europe headquarters
Amazon is preparing to lay off 370 employees at its European headquarters in Luxembourg. The move comes as part of a larger global job cut plan a
Why Blinkit has been fined 5L in Noida
The Noida Authority has slapped a 5 lakh fine on a cloud kitchen run by Blink Commerce Pvt Ltd, the parent company of popular quick-commerce plat
Why Bhavish Aggarwal sold his stake in Ola Electric
Ola Electric Mobility Ltd's shares have plummeted by nearly 60% in 2025.
How much does gold worth 100 in 1985 cost now?
Gold prices have seen a significant rise lately, thanks to strong global cues.
Oil crashes to lowest level since 2021: What's the reason?
Crude oil prices have witnessed a major slump, falling below $55 per barrel for the first time since early 2021.
Kotak upgrades Vedanta stock to Buy, raises target price after NCLT nod for demerger
Kotak Institutional Equities upgraded Vedanta to Buy after NCLT approved its demerger, raising the target price to Rs 650 and citing strong commo
India to initiate domestic framework for ratifying High Seas Treaty
A national stakeholder consultation convened by the MoES, in collaboration with ICARCMFRI, the CMLRE, and several domestic and international part
Market Wrap: Sensex drops 120 pts, Nifty below 26,850 as D-St extends losing run to day 3
Indian equities ended lower for a third straight session as uncertainty over the U.S. Federal Reserves rate outlook and lack of progress on a U.S
India's Aadhaar database has maintained an impeccable security record since its launch, the government assured Parliament. A robust, multi-layere
BIRC 2025 saw policymakers and business leaders discussing how India can leverage its rice exports and look at adopting best practices to increas
Commodity Radar: Tight inventories keep MCX zinc a buy on dips trade. 7% near-term upside seen
MCX zinc prices gained over 1% on Wednesday amid tight inventories, weak dollar and supportive rupee movement. Analysts remain bullish, citing co
Geojit to expand its third-party distribution business: CFO Mini Nair
As the industry increasingly shifts towards passive investing and advisory services, the companys finance function is adapting by focusing on cos
India, Oman to sign free trade agreement tomorrow: Key expectations
India and Oman are all set to sign a landmark free trade agreement (FTA) on Thursday in Muscat.
Eternals Deepinder Goyal tops Hurun Indias 2025self-made entrepreneurs list
Radhakishan Damani of Avenue Supermarts, last years No. 1, has slipped to second place with a valuation of 3 lakh crore, down 13% from last year
Rs 3 lakh cr ICICI Pru AMC IPO bids signal strong liquidity for quality issues: Gurmeet Chadha
Strong domestic liquidity for quality IPOs was evident as ICICI Prudential AMCs Rs 10,600 crore issue drew bids worth over Rs 3 lakh crore, said
Centre has set clear goals in fiscal management transparency, states should follow suit: FM
Sitharaman also called upon states to take up accountability and transparency in fiscal management as a priority just like the central government
Air travel now runs on code: Inside the tech backbone reshaping airports
Strong institutional demand drives the fourth-most subscribed IPO, PL Capital initiates coverage on the stock ahead of lisitng
AI spending boom faces funding and power reality check: Jim Walker
AI's ambitious spending faces a funding crunch, shifting from internal cash to debt, raising investor concerns. Experts highlight energy and skil
India's FY26 GDP growth forecast raised to 7.5% from 6.9% earlier: CareEdge Ratings
CareEdge Ratings has raised India's FY26 GDP growth forecast to 7.5% from 6.9%, citing stronger-than-expected first-half performance. Despite thi
ACME Solar adds 8 MW to Gujarat wind project, takes capacity to 52 MW
The addition raises ACME Solars total operational capacity to 2,942 MW across its renewable energy portfolio
AI-Based Digital Toll Collection To Be Implemented Across Country By 2026-End: Gadkari
New Delhi, Dec 17: The multi-lane free flow (MLFF) toll system and AI-driven highway management will be completed across the country by 2026-end,
Aurionpro secures cash management platform deal with major Indian PSB
The iCashpro platform provides digital services across payments, collections, liquidity management, virtual accounts, reconciliation, government
Silver price today: White metal hit record Rs 2.06 lakh/kg; outshines gold in global trade
Silver prices have reached an all-time high in futures trading. This surge is fueled by limited supply and anticipation of US interest rate reduc
Midcaps, smallcaps turn attractive on earnings revival; financials to lead next rally: Dinshaw Irani
Midcaps and smallcaps are turning attractive after a 14-month consolidation as earnings rebound and growth-adjusted valuations improve, according
11 Nifty microcap stocks beat the odds in 2025: 2 turned multibaggers. Do you own any?
Despite a challenging 2025 for Indias microcap segment, several stocks delivered stellar returns, with 18 rising over 50% and two becoming multib
Days after India's biggest Aviation crisis, IndiGo beats Air India, Air India Express in...
IndiGo has overtaken Air India and Air India Express in international passenger traffic during the July-September 2025 quarter, according to offi
Morgan Stanley expects Reliance Industries to see rating upgrades every quarter in 2026 as its energy, retail and telecom businesses turn free ca
Indias InvIT and REIT distributions surged in Q2 FY2026, led by strong performance in REITs and road assets. Both public and private trusts repor
Apple is reportedly in early talks with Indian chip manufacturers, specifically CG Semi, for assembling and packaging iPhone components. This pot
India, Oman to sign free trade agreement tomorrow in Muscat
India and Oman are set to sign a free trade agreement on Thursday in Muscat. Prime Minister Narendra Modi will be present for the signing. This C
ICICI Prudential AMC gets first 'buy' call ahead of listing, PL sets Rs 3,000 target
ICICI Prudential AMC has received its first buy rating ahead of listing, with PL Capital setting a Rs 3,000 target, implying 39% upside from the
Musk's X countersues a start-up claiming 'Twitter' trademark
Elon Musk's social media platform X has updated its terms of service to reaffirm its ownership of the Twitter trademark.
Indian rupee registers biggest single-day gain in 7 months
The Indian rupee made a strong comeback today after the Reserve Bank of India (RBI) stepped in to stabilize it.
IOB shares down 5% as govt plans 3% stake sale
The governments move is part of its broader strategy to gradually reduce its stake in public sector banks while improving liquidity and widening
Oil jumps 1.5% as Trump's Venezuela blockade stokes uncertainty
Oil prices rose more than 1% on Wednesday after U.S. President Donald Trump ordered a total and complete blockade of all sanctioned oil tankers e
Vietnam raises $514 mln in government bond auction, highest in 6 months
Vietnam's State Treasury raised 13.55 trillion dong ($514 million) in a weekly government bond auction on Wednesday, the highest volume in six mo
ITC gets regulatory nod for century pulp & paper acquisition
The acquisition will expand ITCs presence in the paperboards and packaging segment, which is one of its key business verticals alongside FMCG, ag
Japan's Nikkei ends higher as tech shares track Nasdaq gains
Japan's Nikkei share average closed higher, rebounding from a two-week low hit in the previous session, as technology stocks tracked overnight ga
PSU Banks steal the show in 2025: Is the rally far from over?
PSU banks have emerged as the top performers in 2025, with the Nifty PSU Bank Index rising over 26%, far ahead of the broader market. Strong earn
The Mutual Fund Advisor: Why your mix matters more than your mutual funds - explained
Asset allocation, not the fund itself, is the critical factor in investment success. A mediocre fund within the right asset mix can outperform a
Mint Explainer: Why the insurance bill 2025 marks the industry's biggest reform in decades
The bill seeks to amends three core lawsthe Insurance Act, 1938; the LIC Act, 1956; and the IRDAI Act, 1999to allow 100% foreign direct investmen
India summons Bangladesh high commissioner over security concerns of Indian high commission in Dhaka
The summons come on the heels of anti-India rhetoric by National Citizen Party (NCP) leader Hasnat Abdullah who had made a public speech threaten
Chinese chipmaker surges 755% on IPO debut amid AI frenzy
MetaX Integrated Circuits Shanghai Co., a Chinese chipmaker, saw its shares skyrocket by an incredible 755% on its trading debut today.
'When spider webs unite, they can tie up a lion': PM Narendra Modi in Ethiopian Parliament
Prime Minister Narendra Modi addressed the Ethiopian Parliament in Addis Ababa. He highlighted the strong ties between India and Ethiopia. Modi s
Indian steel exports to slow down on weakening global demand: Elara Capital
Europe stocked up on steel before new carbon tax starts
PE-backed Asian consumer brands face governance strains in MENA expansion
Governance frameworks struggle to keep pace with speed and complexity of execution, say analysts
Finance minister Nirmala Sitharaman highlighted that global trade is increasingly being weaponized through tariffs and other measures. She warned
Global trade getting weaponised through tariffs: Nirmala Sitharaman
Finance Minister Nirmala Sitharaman said that it is very clear that trade is not free and fair globally now
European markets head for soft open as sentiment falters
European stocks are expected to open broadly flat on Wednesday as investors gear up for central bank decisions. European markets head for soft op
Rupee whipsaws after RBI steps in. What's in store for Dalal Street investors?
The Indian rupee saw a sharp intraday reversal after the RBI intervened aggressively to curb its fall, highlighting fragile market sentiment. Hea
Amazon discussing $10B investment in OpenAI at $500B valuation
Amazon is reportedly in talks to invest around $10 billion in OpenAI, the company behind ChatGPT.
Castrol India, Akzo Nobel among top 10 smallcap stocks that are offering dividend yield of 5-8%
Global trade getting weaponised through tariffs: Sitharaman
She said that globally it is now very clear that trade is not free and fair
Delhi govt to pay 10,000 to workers hit by anti-pollution restrictions
The minister also said all government and private institutions must mandatorily switch to work from home for 50 per cent of the staff from Thursd
CAG flags underutilisation of Indias strategic oil reserves, import cover falls to 4.5 days
The audit flagged prolonged cavern vacancies, delayed commercialisation and failure to start Cabinet-approved crude trading, raising concerns ove
Trumps H-1B visa crackdown: Why $100,000 fee will hit TCS, Infosys - explained
US President Trump's proposed $100,000 H-1B visa fee will significantly impact Indian IT giants like TCS and Infosys. This substantial levy, aime
Global trade getting 'weaponised' through tariffs, says FM Nirmala Sitharaman
FM Nirmala Sitharaman addressing India Economic Conclave 2025: Finance Minister Nirmala Sitharaman said global trade is increasingly being weapon
India's real estate market is undergoing a digital transformation. Tokenized property ownership allows investors to buy small fractions, making r
Russian crude oil imports show resilience despite sanctions
December arrivals are likely to exceed 1.2 million bpd, according to preliminary LSEG trade flow data
Private equity firm True North Private Credit invests 75 cr in Samtel Avionics
Investment also includes a green shoe option of 140 crore, enabling additional capital infusion as the company scales
