Subha Tatavarti, the Chief Technology Officer of Wipro, has resigned from her position to explore opportunities outside the company. Her resignation will be effective from August 16, 2024. Tatavarti had joined Wipro in 2021 and was previously leading technology development at Walmart Inc. She wishes the company good luck in their future endeavors.
IndiGo has cancelled 50 flights today, following the cancellation of 172 flights on Monday. The airline has issued a travel advisory warning passengers to expect delays and schedule adjustments due to foggy conditions in North and East India. Passengers are advised to factor in extra travel time, and the aviation department has instructed all offices to monitor passenger inconvenience.
IndiGo and Delhi airport issue travel advisories due to dense fog in North and East India, causing possible flight delays and schedule changes. Passenger safety is prioritized, and travelers are advised to check flight status and plan accordingly. Hazardous pollution levels add to reduced visibility in the early morning.
Indian benchmark indices closed lower on December 16. Investors are monitoring global cues, currency movements, and upcoming data releases, as well as the SEBI board meeting where regulatory reforms will be discussed. Asian and US markets showed mixed trends, while the Indian rupee weakened and the US dollar and crude oil prices were volatile.
Hollywood icons Rob and Michele Reiner's son, Nick Reiner, has been charged with two counts of first-degree murder for the death of his parents. The couple was found dead in their home in Brentwood, and Nick was arrested near the University of Southern California. His lawyer revealed that Nick has a history of drug addiction and entered his first treatment program at the age of 15.
PM Narendra Modi becomes the first global leader to receive Ethiopia's highest civilian award, The Great Honour Nishan of Ethiopia. He dedicates the award to the Indian community and praises the role of teachers in strengthening bilateral relations. The visit signifies the growth of India-Ethiopia ties based on vision and trust.
Stocks across various sectors are expected to be in focus today due to corporate announcements, including promoter stake sales, government divestment plans, and new order wins. Key stocks to watch today include Ola Electric Mobility, Indian Overseas Bank, Reliance Industries, NBCC (India), BEML, Glenmark Pharmaceuticals, and Protean eGov Technologies.
The Trump administration has added 15 more countries to its travel ban, citing high levels of corruption and crime. This move comes after a shooting near the White House by an Afghan man. Critics argue that the ban unfairly targets "third world countries" and hinders immigration.
Axis Bank predicts strong economic growth for India in 2026-27, driven by reforms, lower borrowing costs, and increased capital formation. Chief Economist Neelkanth Mishra expects inflation to remain stable and policy rates to increase, leading to a 6% yield in the next financial year. However, he expresses caution about potential risks to the economy.
Finance Minister Nirmala Sitharaman proposed amendments to India's insurance laws to increase coverage, improve oversight, and encourage transparency and investment. The bill, approved by Lok Sabha, strengthens regulation and introduces standard procedures and public consultation.
S&P Global Ratings upgraded IIFL Finance’s outlook to ‘Positive’ due to its growing market share in gold loans and strong capitalization. The company’s credit costs are expected to decrease as it reduces its exposure to microfinance. The central bank’s lifting of an embargo on gold loans has also contributed to the positive outlook.
The NPS has been reformed to allow non-government subscribers to withdraw 80% of their savings as a lump sum and reduce annuitisation to 20% upon exit. The regulations no longer have a fixed lock-in period, and eligibility and annuitisation requirements now govern exits.
India's rice exports during April-November, 2025-26 remained stagnant at $7.3 billion due to higher global stocks and robust crop yield. The US imposing higher tariffs and Iran's economic crisis have affected exports. Suraj Agarwal, CEO of Ricevilla Group, stated that last year's higher stocking due to global conflicts has stabilized, resulting in slow growth.
Sixteen trade unions, including BMS, have joined forces to support four labour codes recently notified by the government on November 21. These codes aim to provide minimum wages, appointment letters, and social security to over 40 crore workers, along with promoting equal rights and opportunities for women.
Bombay High Court grants Sameer Hiremath and Pallavi Swadi the right to amend their suit in the ongoing Kalyani family dispute over division of assets. They can now seek restraint on voting rights and appointment of an administrator over shares acquired from the family's core assets.
TRAI is looking to make changes to interconnection rules, affecting operator costs, foreign exchange flows, and spam control. COAI and BIF agree on IP-based interconnection, but disagree on enforcement and financial burdens. COAI wants mandatory shift at LSA level, while BIF suggests flexibility.
Credit card spending in India returned to normal levels in October after a spike in September due to GST and festivals. Despite this, the market continued to grow, with private sector banks leading the way and public sector banks seeing an increase in their spending share.
The Indian government will sell 3% stake in Indian Overseas Bank through an OFS to raise Rs 2,000 crore and make the bank compliant with the minimum public shareholding norm of 25%. The government has reset a deadline for five other PSBs to meet this norm and this sale will contribute to their non-tax revenue.
The Lok Sabha passed the Sabka Bima Sabki Raksha Bill, which strengthens the powers of insurance regulator Irdai and allows 100% FDI. The proposed law also includes capping commissions and expenses. Shares of insurance companies fell, but experts believe it will increase coverage and spur growth. The Bill also proposes removing provisions on commission and remuneration.
The RBI has given approval to HDFC Bank's subsidiaries, including HDFC Mutual Fund and HDFC Life Insurance, to acquire up to 9.5% stake in IndusInd Bank. The acquisition must be completed within one year and the applicant should have no representation.
FCI plans to raise ₹25,000 crore through government-guaranteed bonds to cover rising food subsidy expenses in FY26, after discontinuing loans and bond issuances in 2021. Surplus stocks and subsidized grain have caused a projected expenditure overshoot of ₹30,000-40,000 crore for FCI in FY26, with the finance ministry pushing back on certain issues.
Investment in lending startups has decreased by 50% this year, but the demand for digital credit remains strong. This decline is due to a correction in pricing and structure, not a decline in the lending industry. Despite this, lending still makes up the majority of fintech deals, with a 40% share. While loan growth is steady, portfolio quality has improved.
Persistent Systems and DigitalOcean have joined forces to make AI more accessible and scalable for enterprises and developers. This collaboration aims to address challenges like high costs and security concerns by combining Persistent's AI expertise with DigitalOcean's cloud infrastructure.
The Supreme Court is struggling to implement its previous rulings on passive euthanasia. A secondary medical board has been formed to review a youth's request for a dignified death, but meeting the requirements for judicial approval is challenging. The concept of a living will has developed in India, but complicated processes hinder its execution.
The Franklin India Flexi Cap Fund, launched in 1994, has consistently delivered impressive returns over the last 31 years. With assets of Rs 20,000 crore, the fund has rewarded disciplined investors across market cycles. A lump sum investment of Rs 10,000 has grown to nearly Rs 17 lakh, while a monthly SIP of Rs 2,000 has become around Rs 3.5 crore.
The National Company Law Tribunal has given the green light to Vedanta's demerger scheme, which will divide the group into sector-specific companies. Despite objections from the Ministry of Petroleum and Natural Gas, Vedanta believes the move will lead to independent entities and has followed all regulations.
The Ministry of Heavy Industries has launched a new PLI scheme to boost the production of sintered rare earth permanent magnets. It offers a sales-linked incentive and capital subsidy, along with guaranteed access to raw materials. The scheme will run for seven years and is open to companies with a minimum net worth. The target is to achieve 6,000 MTPA.
Private credit deals are predicted to hit $13 billion by 2025, rising by 35% annually, mainly due to a major transaction by the SP Group. Excluding this, the market saw only a 2% growth. The energy and infrastructure sectors are driving demand, while balance-sheet repair and ownership consolidation are the primary uses of funds.
ICICI Prudential Asset Management's IPO received bids worth Rs 3 lakh crore, making it the fourth most-subscribed public issue in India. The Rs 10,600-crore IPO was subscribed 39.17 times, led by institutional buyers. Market experts are closely watching the AMC's debut on the bourses, especially since LG Electronics gained 50% on its listing day.
Ola Electric founder Bhavish Aggarwal has sold a 0.6% stake in the company, amounting to 26 million shares and a transaction value of ₹92 crore. Aggarwal's stake in the company now stands at 30.02%, equivalent to 1.32 billion equity shares.
Delhi HC has asked DGCA to respond to a contempt plea filed by Indian Pilots Guild for violating CAR 2024 framework by granting extensions and relaxations in pilot fatigue management rules. DGCA argues that it has statutory powers to grant temporary exemptions, but petitioners claim that it has undermined flight and passenger safety.
Indian equity markets fell by 0.64% on Tuesday due to weak global cues and the rupee's sharp depreciation. The Sensex closed at 84,679.86, down by 0.63%, while the Nifty ended below 26,000 at 25,860.10. Despite the decline, Indian markets fared better than other major Asian markets. The rupee's record low and persistent FPI outflows were major factors. Experts predict volatility due to currency
Reliance Consumer Products has reintroduced the 75-year-old SIL food brand, which they acquired earlier this year. This move marks their entry into the Indian FMCG market with a new range of noodles, jams, ketchups, sauces, and spreads. The company plans to invest in other legacy FMCG brands and create a diverse and affordable foods portfolio.
Sectoral and thematic funds have become popular, with a 130% rise in assets and 15% contribution to total equity AUM. However, their performance has been lower than the market due to poor timing and volatility. The increase in schemes is due to SEBI rules. Experts advise experienced investors to have a core portfolio and consider these funds with caution.
The Indian rupee has hit a record low of 91 against the dollar due to delays in the India-US trade deal and foreign outflows. Experts doubt that RBI's interventions will be sufficient to support the rupee, and importers are panic-buying. Despite some positive trade data, the rupee remains weak.
The government is set to overhaul the Gross Domestic Product (GDP) series by adopting the COICOP 2018 for compiling private final consumption expenditure. The new series, to be released on February 27, aims for greater accuracy and international comparability.
Priya Kapur has objected to the forensic examination of Sunjay Kapur's alleged Will, citing irregularities and inconsistencies. Karisma Kapoor's children had also questioned the authenticity of the Will, calling it 'forged and fabricated'. The Will's executor, Shradha Suri Marwah, amended her statement regarding who she received the Will from.
The government has revised the PM Internship Scheme (PMIS) to attract larger companies, but the response has been low, with only 73 new companies joining in the second round. The eligibility criteria now includes companies with a turnover of Rs 1,000 crore or networth of Rs 500 crore. The scheme aims to provide internships to 10 million people with a monthly stipend of Rs 5,000.
India has challenged the EU's safeguard measures on imports of ferro alloying elements, such as silicon and manganese, and has requested consultations to resolve the dispute. If talks fail, a panel of experts may be called upon to settle the case. This issue arises amidst ongoing negotiations for a free trade agreement between the two parties.
Saregama India has announced a ₹325-crore investment in Bhansali Productions, securing a deep partnership that combines Sanjay Leela Bhansali's storytelling skills with Saregama's expertise in music and entertainment.
Saregama India has invested Rs 325 crore in Bhansali Productions, securing exclusive rights to all future film music and shifting towards partnership-led content creation. This strategic partnership will also streamline Saregama's in-house film production activities.
IAMAI raises concerns over DoT's SIM-binding directions, stating that it goes beyond the scope of the Telecommunications Act and could disrupt digital communication services. The industry body also highlights that OTT services are not covered under the Act and are governed by the Information Technology Act.
Tucked away in the lush village of Assegao, Abhay Deol’s Goa home is a striking glass structure that blurs the boundary between nature and design. With sound bowls for meditation, amethyst clusters for energy, DJ equipment for creativity and artworks curated by the actor himself, the eco-friendly retreat reflects Deol’s unconventional choices both on and off screen.
Seven companies, including Yashoda Healthcare Services, Fusion CX, and Orient Cables, have received SEBI's approval to raise funds through IPOs. The companies are expected to raise a total of Rs 6,000 crore. Yashoda Healthcare plans to raise Rs 3,000-4,000 crore, while Turtlemint Fintech Solutions aims for Rs 1,000 crore. Fusion CX, Orient Cables, SFC Environmental Technologies, and Lohia
Sajid Akram, the 50-year-old gunman in the Bondi beach shooting, had limited contact with his family in India despite visiting six times after migrating to Australia. The attack, being investigated as an act of terrorism targeting the Jewish community, was Australia's worst mass shooting in 30 years. Akram's family in India had no knowledge of his radical mindset or activities.
Citroën India's sales have surged in the final quarter of 2025, driven by its Citroën 2.0 strategy which features updated models like the C3X, Basalt X, and Aircross X with advanced in-car assistant technology.
Finance Minister Nirmala Sitharaman introduced the Sabka Bima Sabki Raksha (Amendment of Insurance Laws) Bill, 2025, aiming to modernize India's insurance laws by allowing 100% FDI in insurance companies, strengthening IRDAI's powers, and improving governance and data protection.
Pidilite Industries is expanding its paints venture, Haisha, into the east from southern markets. They are focusing on rural and semi-urban areas and have seen growth in the business. They are taking a cautious approach to expansion and considering inorganic opportunities.
The wedding season in India has been profitable for retail jewellers, with high demand expected to continue next year. Despite a large number of weddings taking place, sales have remained strong, especially for modern bridal and diamond jewellery.
Google has pledged $8 million to support India's AI Centers of Excellence in health, agriculture, education, and sustainable cities. They will also work with AIIMS to improve healthcare through AI models and with NHA to convert medical records into a machine-readable format. The company is also investing in solar projects and supporting startups to promote AI adoption.
NBCC has received two work orders worth Rs 345 crore from IIT Mandi for planning, design, and development of academic blocks, housing units, and maintenance work. This is the second order in a week, following a Rs 289 crore order for civil construction at Nalco. In Q2, NBCC reported a 12% YoY profit growth and a rise in revenue to Rs 2,910 crore, but stock prices have fallen.