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.
Global markets influence Indian stocks as GIFT Nifty opens lower. Sensex and Nifty close flat after reaching new highs, while RBI Policy meet expected to result in a rate cut. Asian markets open positively, but US markets close in the red. Bitcoin falls, US Dollar strengthens, and crude oil prices drop. FIIs sell, DIIs buy Indian equities. Gold rate stable in Dubai and India.
Major companies announced key developments such as mergers, leadership changes, and capacity expansion. Indian stock market ended flat after hitting highs, with Reliance, Hindustan Unilever, Ambuja Cements, Hero MotoCorp, Coal India, NMDC, Bharat Dynamics, MOIL, Bajaj Housing Finance, Amber Enterprises, KEI Industries, and Afcons Infrastructure in focus.
The White House on Monday released US President Donald Trump’s health report after the president underwent a sudden MRI scan last month, raising concerns about his health.
Airbus has confirmed that it is dealing with a new industrial quality problem involving the metal panels used on some of its A320-family aircraft, Reuters reported. This comes right after the company had to recall over 6000 jets to fix a computer glitch
Insurance companies are increasingly involved in the state development loan (SDL) forwards market, making up 10-15% of the overall bond forwards market. This is beneficial for their portfolio returns, as long-term SDLs have become attractive due to the yield curve and regulatory changes.
The IMF has labeled India's exchange rate regime as 'crawl-like' with measured flexibility and intervention to control volatility. The RBI manages the currency through a peg to a basket of currencies and uses a managed float system.
Sebi is planning to release a consultation paper in 4-6 months to review the LODR framework. The goal is to simplify regulations, reduce compliance burdens, and eliminate unnecessary provisions. Suggestions from industry stakeholders include clarifying ambiguities, accommodating new-age companies, and addressing promoter holdings.
Dheeraj Sinha, CEO of FCB Group India, is set to take over as CEO of McCann Worldgroup India following the global merger of Omnicom and Interpublic. Prasoon Joshi, chairperson of McCann Worldgroup, will lead Omnicom Advertising Services in India.
The government plans to sell up to 6% stake in Bank of Maharashtra through an offer for sale (OFS) at a discounted floor price of Rs 54/share, to raise around Rs 2,492 crore. The OFS will open for non-retail investors on Tuesday and for retail investors on Wednesday. This move is part of the government's effort to increase the bank's public shareholding to meet the minimum requirement of 25%.
The Finance Minister introduced two new bills in the Lok Sabha to maintain high taxes on 'sin goods' like tobacco and pan masala after the GST compensation cess phase-out. The Central Excise (Amendment) Bill, 2025, will impose excise duty on tobacco, while 'The Health Security se National Security Cess Bill, 2025' will apply to the production of pan masala and other goods.
Vodafone Idea's subscriber losses in October show that network expansion efforts have not yet translated into customer retention. Analysts note that the operator's subscriber losses are moderating but still sit atop an uneven recovery. The weakness was seen across geographies and service layers.
The government is developing a unified framework for the media and entertainment sector, with a focus on a shared national approach and adoption of a national policy for long-term growth. The Information and Broadcasting Secretary also reveals plans for direct-to-mobile broadcasting by 2026, with EY as the project management consultant.
Cashfree Payments and JP Morgan Payments have teamed up to process import transactions in India, making it easier for global businesses to enter the Indian market without the need for a local entity or manual approvals. This partnership is seen as a way for international merchants to expand into India's e-commerce market with confidence and speed, according to CEOs Akash Sinha and Christine Tan.
Maruti Suzuki India warns of phasing out small cars if government regulations on fuel consumption and carbon emissions are unfair. Executive director Rahul Bharti dismisses criticism from other automakers, defends weight-based emission relaxations as per global norms. Small car sales saw a 37% rise in November.
The Centre's interest-free loans for capital expenditure have reached Rs 56,826 crore, with Uttar Pradesh, Assam, and Rajasthan being the top recipients. The government has allocated Rs. 1.5 lakh crore for these loans, with the SASCI scheme becoming a key tool for infrastructure development.
The government's PM Internship Scheme (PMIS) is facing a 20% dropout rate due to location and duration constraints, with 6,618 interns leaving in two rounds of the pilot project. Minister Harsh Malhotra cited location, duration, and lack of interest as key reasons. Experts attribute low acceptance rates to the low stipend offered. The budget for PMIS is Rs 2 billion.
OSM has introduced Swayamgati Cargo, the world's first self-driving electric cargo three-wheeler, priced at Rs 4.15 lakh. Bookings will start on Monday and deliveries are expected this quarter. With a 120 km range and a top speed of 20 km, founder Uday Narang sees this as a major milestone in creating India's autonomous mobility network. OSM's goal is to revolutionize the industry.
The Indian government has mandated the pre-installation of the fraud-reporting app Sanchar Saathi on all new mobile devices within 90 days, causing concerns for handset manufacturers. Industry representatives argue that this adds to their compliance and cost pressures, and that consumer choice should not be compromised.
In 2025, the job market for experienced senior professionals is tough due to major layoffs at large companies. A user on Team Blind shared their struggle to find employment, citing lack of response and high competition. The demand for technical skills, limited job openings, and age discrimination are making it difficult for experienced engineers to secure stable roles.
RBI Governor unveils NSFI 2025-30, focusing on deepening financial inclusion and promoting effective usage of financial services. Aligned with the UN's 2030 Agenda, it aims to link financial services with livelihood initiatives, skill development, and digital infrastructure. The strategy has five objectives and 47 action points to be implemented by regulators and institutions.
Vandana Suri, with over 20 years of experience at Unilever and other global firms, has been named as the new executive director of home care at Hindustan Unilever. She replaces Srinandan Sundaram, who is now CEO of Unilever International. Suri has a proven track record of driving growth and leading successful transformations, having previously worked across all major divisions at HUL.
RBI Deputy Governor Swaminathan J stresses the significance of collaboration and customer service for the success of institutions. He urges banks to form partnerships with fintechs for sustainable growth and prioritize sharing fraud typologies to protect customers from digital scams. Working with law enforcement agencies is also emphasized for this purpose.
FDI inflows through equity route fell 11% in Q2, but were 21.6% higher than last year. For the first half of 2025-26, FDI in equity rose 18% to $35.18 billion. Computer hardware and software sector attracted $9.04 billion, surpassing last year's total. Services sector drew $5.09 billion, with Singapore being the largest contributor to FDI in India. Total FDI inflows stood
Elon Musk discusses a future with AI and robotics fulfilling human needs, eliminating the need for money and making energy the new currency. Work is optional and communication is driven by real-time video comprehension. He shares his thoughts on investing, politics, and his acquisition of Twitter as a platform for collective consciousness.
The federal appeals court has declared that Acting US Attorney Alina Habba was serving illegally, raising questions about her appointment by Donald Trump. Habba, a Trump supporter, had limited experience in criminal law and played a key role in his 2024 presidential campaign. This ruling may have implications for other Trump appointees.
SEBI's reclassification of REITs as equity-related instruments is predicted to aid mutual funds, but low supply and returns may impede large inflows. Union Mutual Fund's CEO, Madhu Nair, sees this as a positive change for fund houses, but expects it to take time for significant investments.
Passenger vehicle sales in November saw an 18.6% increase compared to the same time last year, thanks to festive buying and GST cuts. Maruti Suzuki led the market with a 21% rise in domestic sales, while Mahindra & Mahindra and Tata Motors followed closely behind.
Manufacturing activity in India slowed to a nine-month low in November due to the impact of high US tariffs, according to a HSBC survey. New export orders hit a 13-month low, while job creation also fell to a 9-month low. Business confidence weakened sharply and the boost from GST cuts was insufficient to offset softening demand.
Meesho, a top e-commerce platform, is using IPO funds to acquire and operate its own AI engine. This AI powers personalized recommendations, dynamic pricing, and automated cataloging, and has become too large for external cloud computing.
Industrial production growth in October hit a fourteen-month low of 0.4%, due to a slowdown in manufacturing output and a contraction in mining and electricity. This follows a strong growth in gross value added in the manufacturing sector last quarter.
"Artificial intelligence is disrupting the creative economy, with Indian entertainment industry embracing it for tasks like storyboarding and VFX production. Studios and production companies could save up to 40% in costs, while animation companies could save 50%.
ICICI Prudential AMC, the second largest mutual fund house in India, has received Sebi's approval for its Rs 10,000 crore IPO. The IPO will be managed by 18 investment banks and will involve partial divestment of shares by Prudential Corporation Holdings.
India's current account deficit (CAD) has moderated to 1.3% of GDP in Q2FY26, but concerns have returned as it widened sequentially and the financial account resulted in a large depletion of foreign exchange reserves. The hit to merchandise exports and FPI outflows are causing worries for the current and capital accounts respectively.
Calls for the removal of FBI Director Kash Patel grew stronger after a group of active and retired agents revealed concerning details of his leadership to Congress. The report exposes Patel's lack of experience, ineffective leadership, and questionable decisions, with his deputy Dan Bongino being described as a "clown."
The CASA ratio of banks, which reached a low in the first quarter of FY26, is now recovering in the second quarter. State-run banks are optimistic that the worst is over. ICRA's Karthik Srinivasan notes that the gap between savings and term deposit rates has decreased, resulting in more CASA deposits.
The highly anticipated Cyber Monday on December 1, 2025 is set to bring huge discounts on a variety of products from major retailers. Shoppers can expect deals up to 71% off on electronics, fashion, beauty, and home and kitchen products. Look out for sitewide discounts from popular brands like Adidas and Levi's, as well as bundle deals from Sephora on skincare. Don't miss out!
Elon Musk, the tech pioneer and soon-to-be trillionaire, recently delved into topics of metaphysics, collective consciousness, and spirituality in a conversation with Nikhil Kamath. He expressed his desire to understand the universe and the meaning of life, while also discussing his views on spirituality and religion.
Benchmark equity indices open strong, hit fresh lifetime highs on better-than-expected GDP growth in Q2. Profit booking and weak rupee pull indices lower, settling with modest losses. Sensex and Nifty close below record highs, with Nifty hitting a new record high of 26,325.80 before falling.
Golden passports and visas are popular options for wealthy individuals seeking residency or citizenship in another country through investment. While visas offer temporary residency and the chance for permanent residency, passports offer instant citizenship and all its perks.
UPI recorded a transaction volume of 20.47 billion and a value of Rs 26.32 lakh crore in November, with a 32% Y-o-Y growth. The average daily transaction count increased to 682 million, while the transaction amount dropped to Rs 87,721 crore. FASTag transaction volume rose to 369 million, IMPS volumes declined, and AePS transactions fell.
LIC's investments in Adani Group companies have seen a significant rise, with Rs 38,659 crore in equity and Rs 9,626 crore in debt as of September 2025. These include investments in Adani Total Gas, Adani Enterprises, and Adani Ports. The finance ministry stated that LIC made these investments autonomously, following thorough risk assessment.
Coal stocks at thermal power plants increased by 34% due to above-normal rains and lower electricity demand. Only 13 out of 188 plants reported critical stock levels, with 5 being domestic coal-based. Peak power demand in India reached 241 GW and is projected to grow at a CAGR of 7% in the next five years. 25.7 GW of gross power generation capacity was added in the first seven months.
The PNGRB's efforts to liberalize the natural gas market have been praised by experts, but the success of these reforms will rely on cost competitiveness and a strong pipeline network. Structural reforms, such as market-driven pricing and open access, have been recommended by a high-level expert committee to create a competitive domestic gas market.