The MPC voted unanimously for a 25-basis-point cut in the policy repo rate at the December meeting due to signs of a slowdown in economic momentum. While Q2 FY26 GDP growth was strong, members warned of a potential peak and loss of traction. Concerns over growth moderation were highlighted, with trade disruptions and external risks being a key factor.
PRISM, the parent company of OYO, has received approval from shareholders to raise up to Rs 6,650 crore through an IPO. This will provide the company with the flexibility to access public markets at the right time, subject to regulatory approvals and market conditions. Moody's expects PRISM's EBITDA to more than double in FY26, supported by the expansion
Delhi Airport faced disruptions today as dense fog caused poor visibility conditions, leading to 10 cancelled flights and over 270 delays. Flightradar24 reported average delays of 29 minutes for departures. The airport issued passenger advisories, stating that while visibility improved, certain destinations may still experience delays. The Delhi Airport handles 1,300 flights daily.
Larsen & Toubro has won a major work order from Bharat Petroleum Corporation worth Rs 5,000-10,000 crore for the engineering, procurement, construction, and commissioning of polyethylene refining units. The project is part of Bharat Petroleum's expansion plan and will increase refinery capacity. Larsen & Toubro's share price remained flat
BCCI increases match fees for women's domestic cricketers after India's 2025 ICC Women's ODI World Cup win. Senior players in the playing XI will now earn Rs 50,000 per day, while reserves will get Rs 25,000 per day. The decision has added momentum to calls for stronger financial support at the domestic level. The board has also implemented a uniform structure for T20 matches.
Delhi court orders framing of charges against Congress MP Karti Chidambaram and six others in Chinese visa scam case. Chidambaram's father, P Chidambaram, was Union home minister at the time of alleged bribery linked to visas issued to Chinese nationals in 2011.
Emkay Global maintains a positive outlook on Waaree Energies, giving it a 'Buy' rating and a target price of Rs 4,260, anticipating a 41% growth in the next year. The company's recent acquisition of United Solar Holding Inc. for $30 million gives it a significant stake in a polysilicon plant in Oman, aligning with the India-Oman Comprehensive Economic Partnership Agreement.
In a span of 20 months, the Home Ministry of Home Affairs (MHA) sent 91 takedown notices to X Corp, citing over 1,100 URLs that violated public order, targeted political figures, and spread misinformation during the 2024 Lok Sabha elections. The report also highlighted spikes in takedown notices during Operation Sindoor and the Pahalgam terror attack.
The India-New Zealand Free Trade Agreement and 1,000-quota Working Holiday Visa have created opportunities for young Indians to discover lesser-known destinations in New Zealand. From the Hamilton Gardens' Indian Char Bagh Garden to the Punakaiki rocks, there are many hidden gems to explore.
The Union Environment Minister has announced that mining in the Aravalli hills is only allowed in a small percentage of the total area - 0.19 per cent - adding that no new leases will be granted until an assessment is completed. He also stressed the importance of a scientific approach to conservation and protection.
After the mass deportation of undocumented immigrants, the US is taking a tougher stance on legal immigration. The US Citizenship and Immigration Services (USCIS) has announced stronger checks on H-1B visas, student visas, family-based applications, and other immigration programs, IANS reported.
Pakistan has reached a defence deal worth more than $4 billion with Libya’s eastern-based Libyan National Army (LNA), according to Reuters, citing multiple Pakistani officials. The agreement involves selling military equipment to the LNA, even though Libya is still under a United Nations arms embargo.
IndiGo flights experienced disruptions with only two cancellations on Monday, but the respite was short-lived as cancellations rose to nearly 10 on Tuesday. A total of two flights from Delhi and Kolkata were cancelled. One flight each from Jaipur, Indore, Amritsar, Agartala and Ranchi has also been cancelled.
The Western Railway line in Mumbai will face disruptions due to an infrastructure block for the proposed sixth railway line between Borivali and Kandivali. This will result in the cancellation of 80 local and 100 outstation trains daily for 30 days. The project includes track realignment and upgrades in engineering and signalling systems, affecting night train operations.
James Cameron's Avatar sequel, Fire and Ash, is earning worldwide acclaim for its captivating plot and breathtaking graphics. But in India, the film is struggling to match the success of Dhurandhar, with a noticeable decrease in ticket sales on its fourth day. Despite this setback, the movie has still managed to surpass Rs 70 crore and is aiming for Rs 100 crore.
Gold and silver prices have surged to record highs as investors flock to safe-haven assets amid escalating tensions between the US and Venezuela. Gold has seen a 70% increase this year, driven by geopolitical and trade tensions, central bank purchases, and expectations of lower US interest rates. Silver has outpaced gold with a 140% gain.
Two US lawmakers have raised serious concerns over growing violence in Bangladesh. The Congressmen strongly condemned recent killings, attacks on media institutions, and assaults targeting Hindu and other minority communities, IANS reported.
As Shark Tank India gears up for its fifth season, entrepreneur and education innovator Pratham Mittal joins the panel as the newest Shark. Known for founding Masters’ Union and the global undergraduate program Tetr College of Business, Mittal has built a reputation for challenging traditional education models and backing founder-led businesses.
As India and New Zealand finalised a historic Free Trade Agreement (FTA), not everyone in New Zealand supported the move. Winston Peters, New Zealand’s Foreign Affairs Minister, openly opposed the deal, calling it “neither free nor fair.”
President Trump announces plans for new "Trump class" battleships, signaling increased scrutiny of defense contractors. The ships will be larger, faster, and more powerful than any previous ones, with the first being named USS Defiant. Trump will personally be involved in the designs and is pushing for faster production and lower costs.
According to the public records cited by The Dallas Express, FedEx dramatically increased its use of foreign workers through the H-1B visa programme, while cutting hundreds of jobs held by American workers in different parts of the country.
Vince Zampella, the video game developer best known for co-creating the globally popular Call of Duty series, tragically passed away in a car crash in Los Angeles. Zampella was 55. According to the reports, the crash happened on Sunday on the Angeles Crest Highway in Southern California.
The US Department of Homeland Security announced on Monday that undocumented immigrants can receive $3,000 if they agree to leave the United States voluntarily by the end of the year. To get the money, they must agree to self-deportation using the CBP Home app.
India and New Zealand have reached a free trade agreement after nine months of talks, resulting in $20 billion in investments and duty-free access to the New Zealand market for Indian goods. The FTA is set to begin next year and aims to increase trade to $5 billion. India also gained commitments in 118 service sectors and sub-sectors, including student mobility.
The Sensex and Nifty saw a 1% increase on Monday, driven by global cues and a stable Indian rupee. Ajit Misra from Religare Broking notes that foreign selling paused due to positive sentiment and currency stability. The market also saw increased participation, with midcap and smallcap indices rising. However, foreign investors were still selling.
Emcure Pharmaceuticals has launched Poviztra, a second brand of Novo Nordisk's semaglutide injection for weight management in India. It will be priced at Rs 8,790 per month, 15-20% lower than Novo Nordisk's Wegovy. Emcure will exclusively distribute and commercialise Poviztra, with plans to roll it out in Tier I, II, and III cities. The drug is indicated for chronic weight management in adults
Ambuja Cements, part of the Adani Group, will merge ACC Limited and Orient Cement Limited to create a nationwide cement platform. This will lead to a simplified corporate structure and improve margins by Rs 100 per tonne. The merger is expected to be completed by next year and will support the company's goal of reaching a cement capacity of 155 MTPA by FY28.
DK Metcalf reportedly involved in altercation with Detroit Lions fan over racial slur and insults towards his mother. NFL reviewing incident for potential discipline but couldn't disqualify Metcalf. Fan breaks silence.
The government is taking measures to decrease the tax revenue shortfall, which is below the budget target. The Central Board of Direct Taxes has requested additional actions to recover tax demands, while officials admit a significant shortfall. Taxpayers may face notices for insufficient payments and refunds could be delayed.
NRI deposits saw a significant decline of 30% to $8.3 billion in the first seven months of the fiscal, driven by a sharp fall in FCNR(B) deposits. However, there was a slight increase of 1.3% in October. NRO and NR(E)RA deposits showed growth, while banks and NBFCs are seeing stress in the commercial vehicle space. Shriram Finance's Revankar clarifies they have no plans to become a universal bank
"Indian economy shows resilience in the face of external sector challenges, thanks to coordinated policies. Demand conditions remain strong, with urban demand picking up during the festival season. GDP growth at 8.2% in Q2FY26, driven by private consumption and fixed investment.
India and New Zealand have signed a free trade agreement that includes a quota of 5,000 visas for skilled professionals and 1,000 working holiday visas for young Indians. The deal also removes caps on post-study work visas, making it an attractive destination for education. This move is expected to create job opportunities and address concerns about visa uncertainty for Indian students.
The infrastructure sectors' growth improved to 1.8% year-on-year in November, with four of the eight core industries recording positive growth. The sectors that saw expansion were coal, cement, steel, and fertilisers, while refinery products, natural gas, crude oil, and electricity contracted.
Shriram Finance is set for faster growth and increased competition after receiving a Rs 39,618 crore equity infusion from MUFG Bank. Brokerages have given a 'BUY' rating and raised the target price, with MUFG becoming a major shareholder.
Rentomojo, a furniture and appliance rental platform, has reported a 92% surge in net profit to Rs 43.07 crore in FY25, marking its third consecutive year of profitability. The company's net rental revenue reached Rs 265.96 crore, with a return on capital employed of 25.1%.
India and New Zealand have agreed to allow market access for selected agricultural products, such as apples, kiwifruit, and manuka honey. The deal includes tariff rate quotas, minimum import prices, and seasonal import windows.
ArcelorMittal, in partnership with Nippon Steel, will invest $900 million to build three renewable energy projects in India. This will increase their capacity to 2 GW and their global portfolio to 3.3 GW. The projects include a 36 MW solar plant in Maharashtra and two hybrid installations in Rajasthan and Gujarat, providing power to AMNS India and helping reduce the company's carbon footprint.
Indian exports are adapting to US tariffs by expanding into new markets. Sectors like gems & jewellery, textiles & apparels, and marine products are seeing growth in countries like China, Spain, and the UAE. Despite a decline in exports to the US, there has been a rise in shipments to other countries, driven by demand for products like naphtha and printed circuit boards.
FSIB recommends Brajesh Kumar Singh, current executive director at Indian Bank, for the role of managing director and chief executive officer at Canara Bank. Singh, an agriculture graduate with three decades of experience in the banking sector, was chosen after an interface with 17 candidates. He has held various positions at Bank of Baroda and has been part of key committees at Indian Bank.
Tata Electronics has partnered with ROHM to assemble and test automotive chips in India for both local and global markets. This follows their recent collaboration with Intel to explore manufacturing and packaging Intel products. Tata is also building India's first semiconductor fab and a new assembly and testing plant in Assam.
The Securities Markets Code, 2025, Bill aims to streamline and strengthen SEBI's powers by consolidating three old laws. It addresses legal uncertainty and procedural challenges faced by SEBI and clarifies roles and responsibilities of market infrastructure institutions. This will provide a transparent and coherent legal framework for Indian investors, enhancing investor protection.
Bank of America's survey shows global fund managers have a mild overweight on Indian equities, making it the third favorite market in Asia. Japan and Taiwan are the top choices due to their diversification potential against AI-driven regions. While investors remain optimistic, return expectations have been lowered and concerns about an "AI bubble" have lessened.
Nagesh Kumar, an external member of the Monetary Policy Committee, warns that economic activity may have reached its peak in Q2 and US tariffs could harm MSMEs and jobs. Despite a strong Q2 GDP growth, high-frequency indicators show a slowdown. Kumar also emphasizes the negative impact of US tariffs on India's manufacturing sector, especially MSMEs.
FMCG companies are set to experience growth in the upcoming year due to favorable policies and factors such as income tax cuts, monetary policy easing, and GST reforms. While rural growth and lower commodity inflation also play a role, consumer durables, fashion, and lifestyle categories have seen immediate growth thanks to government and central bank stimulus.
IT stocks, including Wipro, Infosys, Tech Mahindra, HCLTech, and TCS, saw a surge on Monday due to factors such as increased visibility in AI revenue, positive signals from the US demand, and foreign inflows. The disclosure of AI revenue data by global and domestic IT leaders, along with TCS's detailed metrics, also contributed to the rally.
New York City's 2025 congestion pricing program has effectively decreased traffic and air pollution, generating $500 million for the MTA. Despite criticism, the program has led to a decrease in traffic and an increase in transit ridership. The MTA plans to surpass its revenue goal and use $15 billion in bonds to improve transit. Sales-tax revenue remains steady.
Nelco, backed by Tata Group, is conducting proof-of-concept trials and demonstrations with Eutelsat OneWeb to provide secure, low-latency LEO connectivity for enterprise and institutional clients. These demonstrations are crucial for regulatory approval before mass rollout.
In 2025, Bollywood dominates the highest-grossing Indian movies list with five Hindi films in the top ten. Regional films also thrive, with Gujarati films crossing Rs 100 crore and Malayalam cinema shining for the second year. The industry sees a growth in diverse content, including a groundbreaking spy-thriller that challenges stereotypes and generates debates.
India's natural gas import bill for April-November FY26 decreased by 11.5% to $9.2 billion, with a 8.8% decline in LNG imports. Domestic production also decreased by 3.3% while demand is expected to grow by 4-6% in FY26. The country's reliance on LNG imports is expected to remain high at 52%. India has signed a one-year deal for imports of 2.2 million tonnes of LPG
India is in talks with the US for a trade agreement and has finalized an FTA with New Zealand. The US deal is highly coveted, but labor-intensive sectors still struggle. Talks with Canada for the CEPA have been revived after a two-year gap. India's growing strategic significance is evident with FTAs finalized with three members of the Five Eyes alliance.
Indian travellers are choosing shorter, last-minute international trips due to the rupee's weakness. Thailand is now the preferred destination for year-end vacations, overtaking the UAE. The Prayagraj Kumbh Mela has boosted spiritual travel, making Uttar Pradesh the most visited state.