PMI Electro Mobility has secured a deal worth Rs 400 crore with BEST to provide 250 electric buses in Mumbai by Q2 of FY26. This will make Mumbai the second city in Maharashtra to have these eco-friendly vehicles. PMI already operates 1,700 electric buses in 31 cities, and these new buses are expected to reduce carbon emissions and diesel consumption over 12 years.
E to E Transportation Infrastructure, an SME IPO, aims to raise Rs 84.22 crores through a fresh issue of 0.48 crore shares. The IPO price band is Rs 164-174 per equity share and the issue closes on December 30. The funds will be used for working capital and general corporate purposes, with allotment and listing expected on December 31 and January 02.
Leonardo DiCaprio's stepmother Peggy, a Sikh, has been seen at awards ceremonies with the actor. In a recent interview, DiCaprio spoke about his close relationship with his family, including his stepmother and father. Brad Pitt mistook DiCaprio's parents for background artists during the filming of Once Upon a Time... in Hollywood, leading to a funny moment.
UK anti-disinformation campaigner Imran Ahmed, with a Green Card and permanent residency, is fighting deportation from the US after being targeted for curbing free speech. The State Department is denying visas to him and four others linked to tech regulation, but a judge has temporarily blocked his detention and a hearing is set.
Americans could be heading toward the biggest tax refund season the country has ever seen, according to Treasury Secretary Scott Bessent. Speaking on the All-In Podcast on Tuesday, Bessent said the law’s retroactive tax changes could lead to refunds of around "$1,000 to $2,000" for many households when they file their taxes next year.
Apollo Micro Systems has secured new orders worth Rs 100.25 crore for supplying UAS to a private company, to be delivered to the Ministry of Defence within four months. The company on December 9, also said it will invest Rs 1500 crore in a new facility in Telangana for producing missile warheads, rocket motors, and ammunition.
Motilal Oswal's report reveals a change in the earnings trend in corporate India, with upgrades in certain areas after a period of downgrades. They have identified potential midcap and small cap stocks in sectors such as Oil and Gas, Telecommunications, and Non-Banking Financial Companies for 2026.
Elon Musk's DOGE department, aimed at reducing government spending, was shut down 8 months earlier than planned. However, a report revealed that federal spending increased by 6% instead of decreasing. DOGE's promise of $2 trillion in savings was significantly lowered to $150 billion, with many reported savings being false. The department's downsizing efforts led to job cuts and agency closures.
Since returning to the White House, Donald Trump has been locked in one legal fight after another. From freezing Harvard’s funding to reducing the Education Department by half, tightening immigration rules, cutting federal money, and firing top officials, his second term has triggered a wave of lawsuits across the US.
Indian indices opened trading session with a negative bias, as the NSE Nifty 50, BSE Sensex, and Bank Nifty all opened lower. Small and mid-cap stocks also opened in the red. Kotak Securities' Head of Equity Research advises level-based trading, with 26,250 as a crucial resistance zone and 26,100 as immediate support. Early gainers included Bharat Electronics, Coal India, and Dr Reddy's Lab.
In a time when layoffs and cost-cutting dominate business news, one factory owner in Louisiana became a real-life Santa for his employees. As reported by The Wall Street Journal, Graham Walker didn’t just walk away richer after selling his family-run manufacturing company. He made sure the people who helped build it walked away with their lives changed for good.”
Gold and silver reached record highs, driven by safe-haven demand and expectations of further US interest rate cuts next year. Platinum and palladium also saw an increase. Gold rose 0.5% to $4,502.75 per ounce, while silver jumped 3.4% to $74.35 per ounce. The US dollar remained low and gold has had a strong rally this year. Silver has gained 158% and platinum jumped 5%.
Gujarat Kidney IPO allotment and listing dates have been announced. The issue was open for subscription from December 22-24, with a price band of Rs 108 to Rs 114 per share. Here's a step by step guide to check your allotment status online. The overall subscription stood at 5.21 times, with Retail Investors oversubscribing by 19.04 times.
Shivank Awasthi, a 20-year-old Indian doctoral student, was fatally shot near the University of Toronto Scarborough campus. The police are investigating the case as a homicide and have released his image as part of the investigation. India's Consulate in Toronto expressed deep anguish over his death and is providing assistance to his family.
A routine visa interview turned into a tense moment for Gauri Gupta, a San Francisco-based tech entrepreneur, before being resolved thanks to a popular Indian instant delivery service.
Silver has reached an all-time high, but financial expert Robert Kiyosaki believes it is just the beginning. He advises readers to do their own research and start small to increase wealth. Other experts also predict a positive performance for silver in the future, with some even suggesting it may outperform gold. Investing in silver on a smaller scale and spreading out.
President Donald Trump said on Thursday that the United States carried out a deadly military strike against 'Islamic State terrorists' in Nigeria. He stated that the action was taken in response to the group’s attacks on and killings of Christians in the country.
Fintech startups, including Aye Finance, InCred Holdings, and PhonePe, are preparing to go public in 2026, along with other companies like Innoviti, PayNearby, and Niyo. This reflects the stable funding environment and a shift towards profitability and long-term growth. Ze and other startups are also expected to join the trend of dominating the IPO market.
The 2025 SBS Gayo Daejeon's one-day music festival featuring K-pop greats like NCT's Taeyong, NCT DREAM, Stray Kids, LE SSERAFIM, IVE, ATEEZ and more concluded on X-mas Day. However, the year-end celebrations are far from over as there are at least 8 more musical festivities and awards ceremonies yet to kick off.
In 2025, the Indian stock market experienced mixed results as the secondary market faced challenges while the primary market flourished. Despite modest gains in benchmark indices, the primary market saw a record-breaking amount of IPO fund-raising, with 103 companies raising Rs 1.8 lakh crore.
India's exports are expected to reach $850 billion in 2025-26, with goods exports staying flat and services exports increasing to $400 billion. The US and EU pose challenges with tariffs and carbon taxes, but India is diversifying to other markets. The focus for growth will be on upgrading product quality, moving up the value chain, and lowering costs in electronics, engineering, and textiles.
Several bank-owned brokerages, such as HDFC Securities, SBICap Securities, and Axis Securities, have reduced their broking charges for equity and derivatives transactions to match those of discount brokers, with some even eliminating account-opening fees. Kotak Securities charges the lowest at Rs 10 for intra-day and F&O orders.
In November, engineering exports from Europe, China, and Southeast Asia increased by 23.7% to $11.01 billion. The US, the top market, saw an 11.4% growth. Sri Lanka, Vietnam, and Spain had the highest growth rates, while Italy, UK, and Germany were major buyers. The sector's growth surpassed overall merchandise exports, emphasizing its strength and importance.
Indian domestic airlines are anticipating a significant rise in aircraft deliveries in 2026, adding 130-140 planes to their fleet. This will enhance services and extend their reach to remote areas. The increase in deliveries follows a slower year in 2025 due to supply chain disruptions. The addition of more aircraft is expected to alleviate capacity shortages and boost regional connectivity.
India's foodgrain and horticultural output continued to rise in 2025 due to good monsoon and government measures such as cash transfers, crop insurance, and guaranteed purchase at remunerative prices. However, liberalized imports and higher production have kept farmgate prices low, causing rural income to stagnate.
The Navi Mumbai International Airport has officially opened, providing much-needed capacity to the Mumbai Metropolitan Region's aviation network. IndiGo operated the first arrival and departure, with 15 scheduled departures for the day. The airport can handle up to 24 daily departures to 13 destinations and will operate for 12 hours a day.
Pennsylvania's 'Money Match' program, launched in 2024, is returning over $22 million to nearly 100,000 residents through automatic cheques for unclaimed property up to $500. Treasurer Stacy Garrity clarified that these are legitimate payments from dormant bank accounts, uncashed checks, and rebates. However, manual claims are still required for larger amounts or complex cases.
Zepto, a fast-growing quick commerce platform in Bengaluru, will file its DRHP on December 26 through a confidential route. This makes it one of India's youngest startups to go public, just 6 years after its inception. With a recent private funding round valuing it at $7 billion, Zepto's IPO pricing is yet to be revealed. Its listing will place it among top startups in India.
Despite a decrease in short-term portfolio capital, longer-term foreign investment in India remains stable in 2025. This indicates that global investors are being cautious in their investments, but not completely abandoning India. The decrease in equity outflow can be attributed to high interest rates and currency depreciation.
Government imposes anti-dumping duty on Chinese R-134a and Calcium Carbonate Filler Masterbatch from Vietnam to protect domestic industry. The decision comes after an investigation by DGTR found that both products were being exported at lower prices, causing dumping. The duty will be in effect for five years and aims to remove injury to the domestic industry.
Taro Pharmaceutical Industries, a unit of Sun Pharmaceutical Industries, is recalling over 17,000 units of an antifungal medication in the US due to manufacturing issues. The affected product is Ciclopirox Shampoo, used to treat seborrheic dermatitis. The recall was initiated due to failed impurity/degradation specifications.
Kiccha Sudeep's highly anticipated action-thriller, Mark, released on December 25, 2025, to a lot of hype among fans. The film, which marks the second collaboration between Sudeep and director Vijay Kartikeyaa, has already collected Rs 4 crore within a few hours of its release in India.
A 44-year-old Indian man died in a Canadian hospital after waiting 8 hours in the emergency room for chest pain. Despite being given Tylenol, his condition worsened and he collapsed. The hospital has referred the case to the Chief Medical Examiner and offered condolences to the family.
The Christmas release of Kartik Aaryan and Ananya Panday's Tu Meri Main Tera Main Tera Tu Meri has received mixed reviews, with some praising its picturesque locations, Kartik's comic timing, and a blend of humor and emotion, while others criticizing its run-of-the-mill storyline.
Kumail Nanjiani and Hasan Minhaj, both Pakistani-Americans, discussed their shared South Asian heritage and conflicting feelings about their American identity in a recent podcast interview. Nanjiani shared his emotional journey to becoming a US citizen and how his perception of the country has evolved. He also addressed the challenges of immigrating to the US.
India Inc. saw a significant number of corporate deals in 2025, with over 649 mergers and acquisitions worth $25 billion. Adani Enterprises acquired Jaiprakash Associates for $1.53 billion, while ONGC-NTPC bought Ayana Renewables for $2.3 billion. MUFG acquired a 20% stake in Shriram Finance for $4.4 billion, while JSW Energy acquired KSK Mahanadi Power for $16.08
LNJ Bhilwara Group has acquired Mandakini Jal Urja, which is constructing a 76 MW hydro project in Uttarakhand, through its subsidiary Bhilwara Energy. The acquisition is subject to customary conditions and upon completion, Bhilwara Energy will become the sole owner of the project. The group aims to strengthen its hydropower portfolio and focus on environmentally responsible power infrastructure.
TSA warns against wearing sparkly clothing at airports during holiday travel to avoid extra screening. Sweaters may need to be removed during security checks. Passengers should also remove items from pockets to avoid pat-downs. Brass knuckles are not allowed in carry-on, but can be checked. Wedding dresses may require alternate screening.
Mora Namdar, an Iranian-American, has been sworn in as Assistant Secretary of State for Consular Affairs to implement President Trump's priorities, including promoting policies that make America safer and stronger. She previously served as Senior Bureau Official for the Bureau of Near Eastern Affairs and has a background in national security and human rights.
In 2025, Kerala experienced a surge in rare and fatal brain infections, mainly caused by brain-eating amoeba. This resulted in 170 cases and 42 deaths. Factors such as climate change, poor mosquito control, and low vaccination rates contributed to the rise of Japanese encephalitis.
The idea of returning to India after building a life abroad is usually framed as a compromise, a step back, or at best, a trade-off. But for many NRIs, the real shift happens long before the boxes are unpacked. For Zeel Shah, returning to India after spending 10 years in Canada rewired her life in ways she didn’t realise.
USCIS and DHS have approved a rule to reform the H-1B visa program, benefiting high wage earners and addressing abuse by companies. Chamath Palihapitiya supports the change, acknowledging the negative impact on American workers. The new rule will prioritize skilled and well-paid applicants, replacing the random lottery.
Kim Young Dae, a prominent South Korean music critic and author, died at 48 on December 24. The cause of his death remains unknown. His final video with NCT's Haechan was released on December 19. His funeral is scheduled for December 27. Kim was known for his early recognition of BTS' potential and was a member of the Selection Committee for Korean Music Awards.
The Pentagon report to the US Congress emphasized China's "core interests" such as sovereignty claims over Taiwan and Arunachal Pradesh, territorial disputes in the South China Sea and Senkaku Islands, and efforts to strengthen ties with Pakistan. It also warned of China's attempts to prevent deepening of India-US relations due to reduced tension along the LAC.
An Indian-American student from the University of Texas at Dallas has been arrested in Collin County. The arrest comes after charges were filed that include arson at a place of worship and making a terroristic threat, The Dallas Express reported.
TikToker Tea Tyme, real name Tynesha McCarty-Wroten, was arrested on Christmas Eve for allegedly hitting and killing a pedestrian while livestreaming in November. The victim, 59-year-old Darren Lucas, was walking home from work. McCarty-Wroten was charged with reckless homicide and aggravated use of an electronic communication device.
President Donald Trump and First Lady Melania Trump spent part of Christmas Eve speaking with children from across the country, joining the annual NORAD Santa Tracker calls as Santa Claus made his way around the world.
As Christmas 2025 draws near, let's spread love and joy by sending heartfelt wishes to our loved ones through WhatsApp, Facebook, or text. Take a break to be with family and reflect on the past year. Let's make this Christmas memorable with gratitude and faith. Here are 50+ Merry Christmas 2025 wishes to share and spread the holiday spirit.
Ro Khanna, Democratic Congressman, slammed far-right activist Nick Fuentes for repeatedly targeting Indian-American Republican leaders Vivek Ramaswamy and Usha Vance. Khanna condemned Fuentes’ comments targeting Ramaswamy for his Hindu faith and Indian heritage, calling the attacks “chilling.”
Indian-American leaders dominate US politics despite anti-Indian hate and online trolling in 2025. Leaders like Zohran Mamdani, Ro Khanna, Pramila Jayapal, Vivek Ramaswamy, Harmeet Dhillon, and more have made significant contributions in various fields and have helped put the Indian-American community on the US politics map.
