The Reserve Bank has designated State Bank of India, HDFC Bank, and ICICI Bank as 'domestic systemically important banks'. These banks will be required to hold additional capital buffers as a percentage of risk-weighted assets. SBI has an additional CET1 requirement of 0.80%, HDFC Bank has 0.40%, and ICICI Bank has 0.20%. The D-SIB framework, which was first issued in 2014
Nikhil Kamath, founder of Zerodha, is one of India's richest and most influential modern entrepreneurs, with a net worth of $2.5 billion. His luxurious 7,000 square feet apartment in Bengaluru's Kingfisher Towers, known for its exclusivity and high-end residential complexes, reflects his lavish lifestyle.
Banks have increased interest rates on new loans by 14 basis points in October, following a 31 bps cut in rates from July to September. This is expected to boost their profitability, as they shift focus to high-yield areas like retail loans and NBFCs. However, overall lending and deposit rates are still declining, indicating a slow impact.
The CBFC has dismissed claims that Ranveer Singh's film Dhurandhar is based on the life of Ashoka Chakra awardee Late Major Mohit Sharma. Despite objections from the late Major's parents, the board found no similarity between the film and his life. The film includes a disclaimer and is purely fictional. The controversy was fueled by Major Sharma's family and a Pakistani police officer's widow.
Michael and Susan Dell have committed $6.25 billion to create tax-advantaged investment accounts, called 'Trump Accounts', for American children to build long-term wealth. Children born after 2024 and before 2029 will receive $1,000 from the government, with additional contributions allowed from parents and employers.
Russian President Vladimir Putin is expected to use his Aurus Senat limousine during his upcoming visit to India. The car has already been in the spotlight, especially after pictures showed India’s Prime Minister Narendra Modi travelling with Putin in the same vehicle during their meeting in China for the SCO Summit.
The Indian government has ordered online messaging apps to link their services to SIM cards to prevent cyber frauds. This may inconvenience millions of users who rely on these apps for communication. The new rules require continuous SIM card verification, and if removed or deactivated, the app will stop working. The government hopes this will make chats traceable and reduce cybercrime.
According to a bi-monthly survey conducted by Nabard in November 2025, over 75.9% of rural households expect an increase in income in the next year, the highest level recorded so far. The survey suggests that the GST rate rationalisation and lower inflation have boosted rural consumption demand.
Experts say that while benchmark indices like Sensex and Nifty are at all-time highs, small and midcap indices have underperformed due to expensive valuations. The BSE Midcap index has only risen by 1.3% and the BSE Smallcap has fallen 6.1% in 2025, while large cap benchmarks have risen by 9-10%.
The government has taken measures to improve the quality, transparency, and uniformity of the national skill development scheme, PMKVY. This includes a structured grievance redressal framework and audits to prevent malpractices.
Experts believe that the Department of Telecommunications' SIM-binding mandate to prevent cyber fraud is not feasible due to technical limitations. The Broadband India Forum has raised concerns about the mandate, stating that it may cause disruptions for genuine users and have little impact on sophisticated fraud networks.
India's November purchases of Russian oil were at a 5-month high, making up over 35% of their total crude imports. This was due to early arrivals before US sanctions on Russian oil companies. December imports are expected to decrease due to new sanctions, but Indian refiners are adapting by sourcing from non-designated Russian entities and other countries.
Khaleda Zia, Bangladesh's first female Prime Minister, is in critical condition and has been put on ventilation. UK and Chinese experts have arrived to monitor her health. Zia, who has been in office three times, was hospitalized on November 23 due to infections affecting her heart and lungs. Prime Minister Modi has shown concern and increased security has been implemented at the hospital.
India needs ₹10,000–15,000 crore investment in PCB manufacturing to reduce import dependence to 50%. Currently, only ₹5,000 crore worth of PCBs are produced domestically, while the demand is estimated at ₹70,000 crore.
The BIF has raised concerns about the SIM-binding mandate, stating it goes beyond the Telecom Act and burdens genuine users without effectively combating fraud networks. Issues of jurisdiction, proportionality, and technical feasibility have also been highlighted, calling for a consultation with all stakeholders.
Indian Railway Finance Corporation (IRFC) has secured a $300 million loan from Sumitomo Mitsui Banking Corporation for railway projects, marking its first commercial borrowing in three years. This will reduce borrowing costs and strengthen IRFC's international presence.
The government has no intention of raising the FDI limit in public sector banks beyond 20%. RBI approval is necessary for ownership of over 5% of a bank's shares. While the government's shareholding in PSBs has not been reduced, the percentage has decreased due to banks raising capital. PSBs must also meet a minimum public shareholding requirement of 25%.
Omnicom and IPG have merged to create a new #2 advertising network in India, with an estimated Rs 25,000 crore in annual billing. The creative business has been unified under Omnicom Advertising India (OAI) and will be led by Aditya Kanthy as president and MD. Prasoon Joshi will be the chairman of OAI. Omnicom will also have a strong presence in media, with Kartik Sharma as CEO of Omnicom Media
Hawaii has joined other popular travel destinations in charging entry fees to tourists, with four state parks implementing fees in January. The US Interior Department has also introduced charges in national parks, generating funds for maintenance and preservation. Around ten state parks in Hawaii currently charge fees, with higher fees for popular sites.
The Department of Homeland Security (DHS) has announced a Cyber Monday deal for illegal immigrants, offering them $1,000 and a free flight home if they choose to self-deport. The offer also includes forgiveness of any fines and penalties, with the option to return legally in the future.
Prada Group has acquired Versace in a $1.37 billion deal, bringing together two of Italy's top fashion brands. This marks the end of Versace's ownership under Capri Holdings and will help the company improve its financial position. The move is expected to reshape Milan's luxury landscape and revive Versace's performance with better access to capital and strategic planning under Prada's management.
Balaji Wafers, a Rajkot-based snack manufacturer, is expanding its capacity and product portfolio in India's packaged snack market. It is also finalizing a stake sale deal worth Rs 2,500 crore with General Atlantic. The founder plans to use the funds for personal payouts, but the company is investing in new factories to meet the demand for packaged snacks.
Trump’s hard stance on the H-1B visa might have shattered thousands of American dreams, but in the heart of India’s capital, hopes are still alive. Months after Trump announced a sweeping $100k fee on H-1B employers, people walking into the Delhi metro station outside IIT Delhi noticed something unusual.
India's new FICCI President, Anant Goenka, believes that the country is in a "sweet spot" to sustain economic growth, with GDP expected to expand by over 7% this financial year. The chamber's focus is to increase the share of the manufacturing sector in the GDP from 15-17% to 20-25% through various initiatives. Goenka also sees positive changes in the macroeconomic factors.
KPI Green Energy has won a Rs 489.17 crore contract from GSECL for a 142 MW floating solar project in Gujarat. This marks their debut in the floating solar sector and diversifies their portfolio. The project will take 18 months to complete and includes various aspects such as design, engineering, procurement, construction, and maintenance.
Swiggy, a quick commerce company in India, plans to raise $1.1 billion through a qualified institutional placement (QIP) with the help of Citigroup, JPMorgan Chase, and Kotak Mahindra Capital. This fundraising comes as the quick commerce sector in India expands rapidly, with competition from global giants like Amazon and Walmart-backed Flipkart.
Pakistan's Army Chief Asim Munir has been given lifelong legal immunity and elevated to the position of Chief of Defence Forces, making him the most powerful army chief in the country's history. His appointment has caused political uproar and delays in the notification process, with other changes expected in the military structure.
BJP has defended the Sanchar Saathi app, saying it is designed to protect users from telecom fraud and is not meant for spying. Users are free to delete the app, as it cannot read messages or listen to calls. The app helps track lost or stolen phones, reports spam calls, and prevents duplication of IMEI codes.
Late industrialist Sunjay Kapur's mother Rani Kapur has accused his widow Priya Kapur of concealing his assets in a new row over his Rs 30,000-crore estate. Priya presented a will making her the sole inheritor, excluding his mother, children, and siblings. Rani has moved the Delhi High Court, alleging "massive concealment" of assets and possible transfer abroad.
Insolation Green Energy, a subsidiary of Insolation Energy, has secured orders worth Rs 516.05 crore for the supply of Solar PV Modules. These include a Rs 357 crore Topcon order and Rs 159 crore KUSUM modules order. The company expects to execute these orders by 2027.
Bollywood actor Ajay Devgn to sign MoU with Telangana government for state-of-the-art film studio and film city at The Telangana Rising Global Summit. Studio to feature advanced technology and boost tourism, with plans for a film institute and wildlife conservatory also in the works.
India's sugar production has risen by 43% in the first two months of the 2025-26 marketing year, reaching 4.11 million tonnes. This growth is attributed to increased output from Maharashtra and Uttar Pradesh, with higher cane yields and sugar recovery rates. The industry body, ISMA, is urging for an increase in MSP and ethanol procurement prices to ensure fair returns
Russian President Vladimir Putin will be in New Delhi on December 4–5 for the 23rd India–Russia Annual Summit. This is his first India visit since 2021. The meeting comes at a time when the two countries are trying to keep their long partnership steady while dealing with global pressure, US sanctions and fast-changing economic realities.
Wipro has acquired HARMAN's Digital Transformation Solutions business unit for $375 million, announced in August 2025. This will enhance Wipro's AI capabilities and engineering innovation, with over 5,600 DTS employees joining Wipro. Their solutions will be integrated with Wipro Intelligence, solidifying Wipro's position as a global leader
IndiGo, owned by InterGlobe Aviation, has been slapped with a Rs 118 crore penalty notice by the CGST department for allegedly claiming wrongful input tax credit. The airline has deemed the order as incorrect and plans to contest it with legal advice. This penalty, however, does not have a significant impact on its financials or operations.
Madhuri Dixit shares her thoughts on the ongoing 8-hour work shift debate, taking into account her own experience in the industry and with motherhood. She believes that working hours for an actor should be a personal choice and that Deepika Padukone's demand for an 8-hour work day is more power to her. Her next project is a dark and gripping OTT thriller series, 'Mrs Deshpande'.
Actor Ranveer Singh has landed in trouble after facing a police complaint for his imitation of a character from the film Kantara: Chapter 1 at the closing ceremony of IFFI Goa. The Hindu Janajagruti Samiti has accused him of hurting religious sentiments and insulting Goddess Chamundadevi. Singh has apologized, but the outfit demands a code of conduct to prevent such incidents in the future.
Reliance Industries has restructured its consumer brands business by dissolving RCPL and creating a new entity, New RCPL, effective from December 1. This includes the demerger of the consumer brands business from RRVL and its transfer to New RCPL, making it an 83.56% direct subsidiary of Reliance Industries.
Cat Goetze, known as "CatGPT" online, launched a phone that reduces screen time by connecting to smartphones via Bluetooth. The vintage feel with a modern touch and the company's tagline, "Less Screen. More Time.", resonated with people. The phone, made from a thrifted landline, made $1,20,000 in first three days of the launch.
Kristi Noem, the U.S. Secretary of Homeland Security, said on social media Monday that she is recommending President Trump put a complete travel ban on “every damn country that’s been flooding our nation with killers, leeches, and entitlement junkies.”
As Nifty slowed to 12.9% CAGR, four global mutual funds surged over 30%, powered by US tech, AI, and semiconductor rallies. Mirae Asset FANG+, Nippon Taiwan Equity, Edelweiss US Tech, and Motilal Nasdaq 100 FoF led the charge proving global diversification outperformed Indian markets. Investors eye offshore bets for 2025 growth.
ICICI Prudential Asset Management Company, owned by ICICI Bank and Prudential Corporation Holdings, received SEBI approval for its IPO. This will be the fifth listed entity from the ICICI Group and is expected to raise around Rs 10,000 crore. The company has shown strong growth in assets and financial performance. A consortium of investment banks will manage the offering.
India has made significant progress in its fight against HIV/AIDS, with a 48.7% decline in new infections, 81.4% decline in AIDS-related deaths, and 74.6% decline in mother-to-child transmission. This progress is attributed to strong political commitment, sustained investment, evidence-based strategies, and community engagement.
Anil Ambani challenges Bombay High Court's decision on SBI's fraud classification of personal and Reliance Communications accounts. Hearing pending, court rejects plea for lack of merit. Other banks including IDBI Bank, Bank of Maharashtra, Central Bank of India, Bank of India and Bank of Baroda, among others, have also classified the account of Reliance Communications as ‘fraud’.
Nalin Haley, the 20-year-old son of former South Carolina governor and prominent Republican figure Nikki Haley, wants everyone to know he is not a political voice for Gen Z. For months, his hard-line views on immigration have drawn attention, especially his call to end legal immigration and block naturalised citizens from holding public office, despite coming from an immigrant family.
Reliance Industries has successfully merged its subsidiary, Star Television Productions, with JioStar India, another subsidiary of the company. The merger was announced in November 2024 and became effective on November 30, 2025. The combined company, valued at $8.5 billion, owns the popular 'STAR' brand and has reported strong financial performance in Q2FY26.
Indian equity market opens muted with Sensex and Nifty starting in negative territory. Nifty Bank Index also follows weak trend. Top gainers from Sensex include Asian Paints, NTPC, Bharti Airtel, and Maruti. Major losers in morning trade include HDFC Bank, ICICI Bank, Bajaj Finserv, and Adani Ports.
US Federal Reserve Chair Jerome Powell kept things simple on Monday when he spoke at the Hoover Institution at Stanford University. Before anything else, he told the audience exactly what he would not be talking about.
Haryana's VIP registration number, HR88B8888, is up for auction again after the previous winner failed to deposit the record bid of Rs 1.17 crore. The winning bidder, Sudhir Kumar, faced a technical glitch while making the payment and missed the deadline. The number plate - HR88B8888 - represents the state, district, and series code with four consecutive eights.
Senator Bernie Moreno, a Republican from Ohio, is reportedly planning to introduce a new law that would end dual citizenship in the United States. According to Fox News Digital, the legislation, called the Exclusive Citizenship Act of 2025, would mandate US citizen who holds citizenship in another country to choose one, either the US or the other country.