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Business / The Economic Times

Rupee weakens past the 89/$1 level for the first time as RBI stops intervening

The Indian Rupee reached an all-time low against the US Dollar on Friday. It crossed the significant 89 per dollar mark for the first time. Traders cited a lack of Reserve Bank of India intervention and a high trade deficit as key reasons. The currency experienced a sudden and sharp fall in the last hour of trading.

21 Nov 2025 9:55 pm
Adani Enterprises sells stake worth $279 million in AWL Agri Business

Data from NSE showed that Adani Commodities, a subsidiary of Adani Enterprises, sold 39.5 million shares in AWL Agri for 275.09 rupees apiece, while data from BSE showed that it sold 51.5 million shares for 275 rupees apiece

21 Nov 2025 9:11 pm
Eli Lilly becomes first drugmaker to hit trillion-dollar m-cap on weight-loss demand boom

Wall Street estimates the weight-loss drug market to be worth $150 billion by 2030, with Lilly and Novo together controlling the majority of projected global sales

21 Nov 2025 8:54 pm
US Fed's Lorie Logan calls for holding rates steady 'for a time'

Elevated asset valuations and historically compressed credit spreads, she said, are not just indications hat policy most likely isn't very restrictive. They're also indications that the fed funds rate needs to offset tailwinds from financial conditions, Logan said

21 Nov 2025 8:48 pm
Euro zone bond yields fall from 6-week high amid flight to safe assets

Among euro-denominated assets, investors often turn to German bonds when global risk sentiment sours, given the country's very low default risk and high bond market liquidity

21 Nov 2025 8:40 pm
US stocks bounce back on renewed rate cut optimism

Wall Street's main indexes opened higher on Friday as traders raised bets on an interest rate cut by the Federal Reserve in December following commentary from policymakers, with tech stocks stabilizing after last session's rout.

21 Nov 2025 8:04 pm
US Fed's Philip Jefferson: AI-related stock gains unlikely to be dot-com boom replay

A recent Fed report showed some 30% of respondents felt a turn in sentiment against AI is a salient risk to the U.S. financial system and the global economy.

21 Nov 2025 7:18 pm
India bonds hit 3-week trough on rupee's slide to record low

The Indian rupee slumped to a fresh record low in its biggest single-day decline since May, battered by portfolio outflows, uncertainty over a U.S.-India trade deal and a pullback in the central bank's defense of a key level

21 Nov 2025 6:45 pm
Sebi prohibits mutual funds' participation in pre-IPO placements; allows investment in anchor rounds

Markets regulator Sebi has banned mutual funds from pre-IPO share placements. They can still invest in anchor rounds. This aims to boost liquidity and transparency in IPOs. Sebi also plans to simplify IPO disclosures for investors. Retail investors are losing money in derivative trading due to excessive enthusiasm.

21 Nov 2025 6:43 pm
Meesho eyes $6 billion valuation with December IPO

Meesho is targeting a $6 billion valuation as it prepares for a December IPO. The e-commerce firm is also in talks with SBI Funds for a pre-IPO placement that could alter issue size. Meesho plans to raise Rs 42.5 billion through fresh shares, alongside a major offer for sale by existing investors.

21 Nov 2025 6:06 pm
India's forex reserves rise by $5.54 billion to $692.57 billion as of November 14

India's foreign exchange reserves surged by $5.543 billion to $692.576 billion in the week ending November 14, primarily driven by a significant increase in gold holdings. Gold reserves rose by $5.327 billion, reflecting higher global gold prices. Foreign currency assets also saw a modest gain.

21 Nov 2025 5:34 pm
Sebi to discuss mutual fund and stock broking regulations at December board meeting

Sebi is set to overhaul mutual fund and stock broking rules at its December board meeting, according to sources close to the development. The market regulator plans to cut regulations by half and separate TER from statutory levies. Further, it will also revisit short-selling and SLB norms.

21 Nov 2025 5:33 pm
Afghanistan offers tax breaks, free land to attract Indian investors

Afghanistan's Commerce Minister has invited Indian businesses to invest. He highlighted opportunities in mining, agriculture, health, IT, energy, and textiles. Incentives include tariff reductions, free land, and tax exemptions. Air cargo services between Kabul and Indian cities will resume soon.

21 Nov 2025 5:28 pm
Reliance Industries, GMR Airports 6 stocks that hit 52-week highs; gains up to 15% in a month

Despite a 400-point decline in the Sensex, six BSE 200 stocks including Mahindra & Mahindra Financial Services, GMR Airports, SBI Life, Bharti Airtel, Reliance Industries and Eicher Motors hit fresh 52-week highs on Friday, signalling strong momentum and continued investor confidence.

21 Nov 2025 5:23 pm
Sebi to not regulate digital gold: Tuhin Kanta Pandey

Sebi Chairman Tuhin Kanta Pandey has clarified that digital gold does not fall under the regulators jurisdiction, noting that only gold ETFs and tradable gold securities are regulated products. Sebi warned investors that digital gold operates outside its framework, carries significant counterparty risks, and lacks the investor protections available in securities markets.Sebi Chairman Tuhin Kanta Pandey has clarified that digital gold does not fall under the regulators jurisdiction, noting that o

21 Nov 2025 5:01 pm
Four Labour Codes come into force: Who benefits, what changes, and what workers must know

Four Labour Codes: India has ushered in a new labour era with the implementation of four comprehensive Labour Codes, effective November 21, 2025. These reforms consolidate 29 laws, aiming to simplify compliance, expand worker protections, and align with global standards. The codes introduce mandatory appointment letters, universal social security, and timely minimum wages for all workers, including gig and platform employees.

21 Nov 2025 4:50 pm
REITs and InvITs key to financing Indias Rs 700 trillion infrastructure vision: SEBI Chairman

SEBI Chairman Tuhin Kanta Pandey stressed that India must rapidly expand its REIT and InvIT ecosystem to meet massive long-term infrastructure needs, boost retail participation, deepen capital-market funding and accelerate nationwide asset monetisation.SEBI Chairman Tuhin Kanta Pandey stressed that India must rapidly expand its REIT and InvIT ecosystem to meet massive long-term infrastructure needs, boost retail participation, deepen capital-market funding and accelerate nationwide asset monetis

21 Nov 2025 4:34 pm
AI bubble, boom or both? Ray Dalio calls its a bubble but says it's too soon to sell

Ray Dalio warns that the AI-driven market surge has entered bubble territory, even as Nvidias strong earnings reignite global tech optimism. Dalio says its too early to sell, noting bubbles need a catalyst to burst. With volatility rising and India watching global swings closely, investors face a tug-of-war between AI exuberance and valuation fears

21 Nov 2025 4:12 pm
India's trade liberalisation initiatives praised at Shanghai symposium

India's recent trade reforms and business environment improvements received praise at a Shanghai symposium. The event highlighted sustainable development and the global demand for Indian products and services. India's strong economic fundamentals were also emphasized. The symposium saw significant participation from Indian corporations, signaling growing interest in the upcoming India AI Impact Summit 2026.

21 Nov 2025 4:05 pm
Not euphoria, but caution: IPO frenzy is back, but selectivity is key: Gurmeet Chadha

Indias IPO frenzy is back, but investors must stay selective, says Gurmeet Chadha of Complete Circle Consultants. He explains why unit economics, profitability and disciplined sizing matter when evaluating new-age stocks like Zomato, Paytm and Groww. With SIP flows booming but supply pressures rising, Chadha warns against chasing hype and urges a balanced, fundamentals-driven approach.

21 Nov 2025 4:02 pm
Axis Bank to raise up to Rs 5,000 crore via private placement

The company is looking to raise 20 billion rupees through debentures, with an additional 30 billion rupees available through a green shoe option

21 Nov 2025 3:57 pm
Market Wrap: Sensex slides 401 pts, Nifty slips below 26,100 as profit-taking kicks in near record levels

Indian stocks experienced a downturn on Friday, with the Sensex and Nifty retreating from near-record highs due to profit-taking. Banking giants ICICI Bank and HDFC Bank were among the decliners. This decline mirrored a global selloff, influenced by uncertain U.S. jobs data that cast a shadow over future interest rate expectations.

21 Nov 2025 3:53 pm
India looking at collaborating with Israeli startups to boost innovation: Piyush Goyal

India and Israel are set to boost their innovation ecosystems through collaboration. Key areas include cybersecurity and medical devices. A proposed trade agreement will focus on technology and innovation. India aims to become a global startup capital. Israeli startups show interest in working with Indian companies. This partnership will leverage India's scale and Israel's expertise.

21 Nov 2025 3:43 pm
Kotak Mahindra Bank approves 1:5 stock split. Check details

Kotak Mahindra Bank's board has greenlit a 1:5 stock split, dividing each existing share into five. This move aims to make shares more accessible and boost trading, particularly for retail investors. The bank, celebrating its 40th foundation day, will announce the record date for this significant corporate action soon, enhancing market participation.

21 Nov 2025 3:31 pm
India implements four Labour Codes, replacing 29 laws in biggest workforce reform since Independence

India has officially implemented four new Labour Codes, consolidating 29 existing laws to modernise its labor governance. This historic move, effective November 21, 2025, aims to simplify regulations, boost worker welfare, enhance safety, and align with global standards. The government hails this as a significant step towards a more efficient and worker-centric labor ecosystem.

21 Nov 2025 3:18 pm
Rupee hits record low; RBI seen intervening near 89.50/USD

The Indian rupee hit a new lifetime low against the dollar on Friday, weakening to 89.45. This decline was driven by reduced risk appetite due to fading hopes of a Federal Reserve rate cut and ongoing U.S.-India trade tensions. Foreign investors have also pulled $16.5 billion from Indian equities this year.

21 Nov 2025 2:49 pm
European shares fall on tech rout, Fed policy jitters

The STOXX is on track for weekly losses of nearly 3%, its biggest weekly drop since the unveiling of U.S. tariffs sent global markets into a tailspin between late March and early April. Among individual stocks, French water and waste management group Veolia VIE.PA lost 1% after agreeing to buy U.S.-based hazardous waste company Clean Earth from Enviri for $3 billion.

21 Nov 2025 2:38 pm
Twelve years on, government sections weigh changes to Lokpal law for smoother functioning

Government officials indicate the Lokpal and Lokayuktas Act may need adjustments. Operational issues and ambiguities have emerged since its implementation. Concerns exist regarding bench functioning and the Lokpal's oversight powers. The establishment of independent investigation and prosecution wings is also under discussion. The law aims to balance public service integrity with officials' freedom to perform duties.

21 Nov 2025 2:38 pm
India, Afghanistan to appoint commercial attaches to boost bilateral trade

India and Afghanistan are set to appoint trade attaches in each other's capitals. This move aims to boost bilateral trade, currently valued at over one billion US dollars. Air freight corridors between Kabul and Delhi, and Kabul and Amritsar will soon be activated. Both nations will also reactivate joint working groups on trade and investment.

21 Nov 2025 2:30 pm
Aman Chowhan weighs investor opportunities in realty, chemicals and auto sectors

The Indian real estate sector is at an inflection point with low debt and potential peak, while sales velocity is key for company valuations. Chemicals and banking sectors showed strong Q2 earnings, with auto results meeting expectations. Growth in two-wheelers is positive, but direct auto exposure is avoided due to valuations and EV transition concerns.

21 Nov 2025 2:18 pm
2 top stock recommendations from CA Rudramurthy BV for near term

Indian equities showed resilience, with the Nifty nearing 26,100 despite global weakness. While headline indices hit all-time highs, broader market sentiment remains cautious. Experts advise a defensive approach, reducing leverage, and focusing on capital protection amidst divergent market signals.

21 Nov 2025 2:09 pm
Indian equities showing resilience amid global uncertainty: Aman Chowhan

Indian equity markets show resilience despite global trends, with strategist Aman Chowhan highlighting US market influence as the primary external risk. Chowhan favors financials, metals, and pharma, while adopting a value-conscious approach to consumer stocks. He prefers private banks and larger NBFCs, acknowledging froth in defense and new-age companies.

21 Nov 2025 1:55 pm
BFSI Entering a Multi-Year Growth Cycle: Bajaj Finserv Asset Management Limited Launches New Sectoral Fund

Bajaj Finserv Asset Management introduces a new fund focused on the banking and financial services sector. This fund aims to benefit from India's economic growth and key structural trends. Investors have a window to participate in this sector, which is expected to deliver multi-year compounding.

21 Nov 2025 1:49 pm
Largecaps take charge again; Reliance could gain another 1215%: Rahul Shah

Indian equity markets are seeing a strong rotation into largecaps as investors seek safety, value and steady earnings. MOFSLs Rahul Shah expects further upside in Reliance, banks, telecom and metals, supported by attractive valuations and improving fundamentals. Large IT names are also back in favour as demand stabilises. Heres whats driving the rally and sectors to watch.

21 Nov 2025 1:19 pm
Indias November PMI slips as manufacturing loses steam; Pvt sector activity at six-month low

India's private sector growth slowed in November to a six-month low, driven by a sharp decline in manufacturing output despite a pickup in services. This moderation in economic momentum is attributed to factors like heavy rain, competitive global pricing, and a potential peak in GST-led boosts. Optimism for future output and hiring also weakened, though inflation pressures continued to ease.

21 Nov 2025 1:15 pm
India to launch air cargo services with Afghanistan soon

Azizis visit comes less than two months after Afghanistans Foreign Minister Amir Khan Muttaqi visited New Delhi, opening a new chapter in ties with India upgrading its diplomatic mission in Kabul. Pakistan, displeased over Kabuls growing engagement with India, launched cross-border military strikes. Kabul retaliated, but peace talks have yielded little progress.

21 Nov 2025 12:46 pm
Capillary Technologies shares rocket up to 13% after tepid debut. Should you buy, sell or hold the stock?

Capillary Technologies rebounded sharply after a weak stock market debut, with shares jumping up to 13% intraday despite listing at a discount to the IPO price. Strong buying interest offset initial caution and a missed grey market premium. Market experts advise IPO allottees to hold the stock for the medium to long term, with a strict stop-loss at around Rs 520.

21 Nov 2025 12:41 pm
SEBI weighing REITs inclusion in indices, to widen MF pool for REITs and InvITs: Tuhin Kanta Pandey

SEBI Chairman Tuhin Kanta Pandey announced a calibrated approach to including REITs in indices and expanding liquid mutual funds to include REITs and InvITs. He emphasized that governance and investor protection are paramount as the market grows, highlighting India's yield advantage as a compelling investment opportunity.

21 Nov 2025 12:36 pm
Japan's Nikkei extends weekly slide as tech shares track Wall Street declines

Tokyo's Nikkei index plummeted Friday, mirroring Wall Street's tech stock decline amid AI valuation worries after Nvidia's results. Japanese investors also eyed a looming holiday and government stimulus, sparking fiscal concerns. The yen weakened, and bond yields neared highs. Advantest and SoftBank Group saw significant drops, while M3 and Obayashi gained.

21 Nov 2025 12:34 pm
Australia eyes deeper critical minerals partnership with India, keen on Quad Summit in New Delhi: Aussie Envoy

Australia is keen to boost cooperation with India in critical minerals, especially lithium and cobalt, according to High Commissioner Philip Green. Discussions during Foreign Minister Penny Wong's visit highlighted this, with Australia, a major lithium producer, aiming to support India's growing battery and EV manufacturing ambitions. The partnership seeks to facilitate Indian private sector investment in five key projects.

21 Nov 2025 12:19 pm
US study warns China's expanding Industrial power could tilt global tech balance

China's aggressive industrial strategy has catalyzed a whirlwind of innovation within its tech landscape. Through substantial government investment and meticulous planning, the nation has cultivated a shared industrial environment that empowers local companies to innovate at an unprecedented pace and challenge global competitors.

21 Nov 2025 12:19 pm
India stands out as a stable emerging market amid AI and US volatility: Matt Orton

Market strategist Matt Orton observes global risk-off sentiment impacting Japan, with potential for opportunities once stability returns. He favors gold as a portfolio balance and sees Bitcoin nearing capitulation. India remains a strong diversifier, while US rate hikes are likely paused, with cuts potentially resuming in 2025.

21 Nov 2025 12:03 pm
Groww, 6 other Capital Markets Index stocks surge up to 86% in FY26. Do you own any?

India's capital markets are experiencing a significant boom. The Nifty Capital Markets Index has surged by nearly 40% in FY26. This growth is fueled by strong performances from brokerages, asset managers, and exchanges. New digital platforms like Groww are also making a notable impact. This transformation highlights a deepening financial sector and increasing investor confidence in India's evolving financial landscape.

21 Nov 2025 11:51 am
Bitcoin pulls back to $85K after a short-lived jump to $92K on Nvidia earnings optimism

Bitcoin retreated to around $85,000 after a brief spike to $92,000 on Nvidia-driven optimism, with broader crypto markets sliding amid weakening expectations of a near-term Fed rate cut. Analysts say rising U.S. macro uncertainty, long liquidations and persistent caution are driving the pullback, though key support levels suggest a reset rather than a structural downturn.

21 Nov 2025 11:49 am
India leads real estate investment momentum in Asia-Pacific: Report

Indian real estate is poised for significant growth, with institutional investments projected at $5-7 billion annually in 2025 and 2026. This surge is fueled by robust economic expansion, increasing urbanization, and infrastructure development, making India an attractive destination for global investors seeking stable, long-term returns.

21 Nov 2025 11:39 am
Chalet Hotels, Lemon Tree emerge as top picks in hotel sector: Sunny Agrawal

As Indian markets approach record highs, strategist Sunny Agrawal identifies opportunities in lagging sectors like IT, expecting a turnaround driven by potential US-India trade deals and under-ownership. He also favors hospitality stocks, citing strong demand, and selectively recommends agrochemical players like PI Industries and Vinati Organic despite broader chemical sector struggles.

21 Nov 2025 11:39 am
Insurers, foreign funds pull back, deepening turmoil in Japans debt market

Japans borrowing costs have surged to record highs as investors sell off the yen and long-term government bonds ahead of Prime Minister Sanae Takaichis massive stimulus plan. With debt markets already stretched and key buyers like insurers and foreign investors pulling back, volatility is rising sharply.

21 Nov 2025 11:32 am