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.
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.