Atul Jain, MD of Bajaj Housing Finance, has driven the company to become India's most valued housing finance company with a market cap of Rs 1,37,406.09 crore. Jain's unconventional leadership, based on practical experience rather than prestigious education, has been key to the company's success.
India and France have revised their tax treaty to reduce taxes on dividends for Indian units with French parents. This will benefit companies with major operations in India. In return, India will have more power to tax share sales by French investors and will revoke France's "most favoured nation" status.
A WHO expert group has confirmed that there is no link between vaccines and autism, contradicting recent CDC guidance. The analysis, conducted by the Global Advisory Committee on Vaccine Safety, reviewed 31 studies from multiple countries. WHO emphasizes the importance of childhood vaccines and urges governments to base their policies on evidence.
India's imports of Russian crude oil reached a five-month high in November at Euro 2.6 billion, making it the second-largest buyer. However, US sanctions on Rosneft and Lukoil have led to some Indian companies halting imports. Despite this, India's refined fuels are being exported to Australia. December may see an increase in purchases due to previously loaded cargoes being delivered.
The highly anticipated film, The Devil, starring Darshan, exceeded expectations by earning Rs 10 crores on its opening day despite the lead actor's arrest and bail cancellation. The film, which showcases Darshan in a dual role, drew record crowds in theatres across Karnataka, especially in Bengaluru where it had the most shows and highest occupancy.
Tom Cruise reportedly denied an interaction with President Trump and refused to seek permission to shoot a film in outer space with NASA. Netizens hailed his decision, but were disappointed by the film's recall. This comes after Cruise declined an award from Trump and a NASA official expressed support for the actor.
Jefferies has lowered the target price and earnings estimates for IndiGo due to operational disruptions caused by FDTL guidelines. However, it maintains a 'Buy' rating with a target price of Rs 6,035, a potential upside of 26%. The company's recent guidance cut and lower unit revenue growth for Q3 FY26 reflect the disruptions, but Jefferies remains optimistic about IndiGo's long-term potential.
Time Magazine has named the architects of artificial intelligence as its 'Person of the Year'. The cover features big names like Mark Zuckerberg and Elon Musk, but also highlights Indian-origin tech moguls Karandeep Anand and Sriram Krishnan. Anand, CEO of chatbot service Character.AI. Krishnan, a White House AI advisor, has been pushing for American dominance in the field.
Mexico has raised import duties on Indian exports, mainly in the auto industry. This will impact major automakers like Volkswagen, Hyundai, Nissan, and Maruti Suzuki, as Mexico is India's third-largest car export market, with an annual shipment of $1.87 billion. The new tariffs could harm India's manufacturing goals and lead companies to rethink their plans. Automakers have voiced their concerns.
HDFC Bank is predicted to experience a rise in credit growth and a decrease in operating costs, resulting in a potential 23.7% rise in stock price. This forecast is based on a positive review from Emkay, who met with the bank's management to discuss growth plans, margins, and competitive position. The bank anticipates a boost in credit growth, especially in retail, MSME, and corporate lending.
Rajnikanth, the South Indian superstar, turns 75 today. From a bus conductor to a revered actor, his journey to stardom is nothing short of a movie. His luxurious home in Chennai's Poes Garden worth crores reflects his successful career spanning five decades.
India is speeding up business visas for Chinese professionals. According to Reuters, citing an official, approvals now take less than a month. This move comes after years of delays caused by the multi-layered scrutiny introduced following tensions with China in 2020.
Novo Nordisk has launched its weight loss drug Ozempic in India, with prices ranging from Rs 8,800 to Rs 11,175 per month. Originally approved for managing type 2 diabetes, the once-weekly injectable has gained popularity for its weight loss benefits. It was approved by the CDSCO on September 26, 2020, for use in adults with type 2 diabetes.
Indian-origin millionaire Beri Vikram was arrested for trying to set fire to a winery in California. He fled the scene in a Tesla and crashed into two cars. When confronted by winery staff, he threw a wine bottle and intentionally crashed into two parked cars. He will be charged with assault and resisting arrest.
Maharashtra Deputy CM Eknath Shinde plans to create a new regulatory framework to abolish the 'pagdi' system in Mumbai, protecting the rights of landlords and tenants. This will aid in fair redevelopment of 'pagdi' buildings, which have been a challenge for migrants. The framework includes granting FSI to landlords and incentive FSI for reconstruction of homes.
Orkla India, owner of MTR and Eastern spice brands, aims to expand its portfolio and cater to the growing demand for ready-to-eat meals by acquiring companies that align with local culture and offer convenience foods. The company is also experiencing success in online sales and fast delivery apps, driven by the rise of e-commerce and the need for convenience among young adults
The ED conducted raids at 25 premises in Lucknow, Varanasi, Jaunpur, Saharanpur, Ranchi, and Ahmedabad in connection with a money laundering investigation against an illegal cough syrup trade racket in Uttar Pradesh. The main accused, Shubham Jaiswal, is believed to have fled to Dubai. The ED has booked a case under PMLA and a total of 30 FIRs have been registered.
OpenAI and its major investor, Microsoft, are facing a new lawsuit after a tragic murder-suicide case in Connecticut was linked to ChatGPT, Bloomberg reported. According to the lawsuit, the mother was killed by her son, who had been spending months in long, delusion-filled conversations with ChatGPT.
The 2025 Game Awards, hosted by Geoff Keighley in Los Angeles, celebrated the top video games of the year. Clair Obscur: Expedition 33 received 13 nominations and won Best Independent Game and Best Debut Indie Game. It is a strong contender for Game of the Year, but faces stiff competition from titles like 'Death Stranding 2: On The Beach', 'Donkey Kong Bananza', and 'Hades II'.
Ranveer Singh's film Dhurandhar, a global box office success, has been banned in Gulf countries for its 'anti-Pakistan' content. The star-studded film has been lauded for its patriotic theme, but has also been met with backlash for its depiction of culture and tradition. Speculations about its real-life inspiration have sparked controversy.
IndiGo has been ordered to pay a GST penalty of Rs 58.74 crore for alleged violations, but plans to contest the order. This comes amid financial strain for the airline due to flight disruptions and a PIL filed against them. The financial impact of the case is still uncertain.
Indian girl Arti Singh, with roots in Patna, is in a coma after being hit by a car in San Jose, California. Her father, who has no access to her devices or finances, is by her side. The Indian diaspora and community in the US have come together to raise funds for her treatment. The driver's identity has not been revealed, and the family is seeking justice.
Taylor Swift wows fashion world with maroon velvet dress on Stephen Colbert's show. She celebrates album release and engagement to Travis Kelce. Swift desires a simple home without reminders of her pop-star life. Her real estate empire worth $150 million includes luxurious properties in the US, like a $47.7 million share of NYC and a 12,000 sq ft mansion.
Dhurandhar, featuring Ranveer Singh and Akshaye Khanna, has a successful first week with over Rs 200 crore in India. Despite controversy, the film maintains steady collections and faces competition in its second week from Kis Kis Ko Pyaar Karoon 2 and regional cinema, but its loyal fan base and high occupancy rate keep it strong.
Mammootty’s latest action thriller Kalamkaval is proving unstoppable at the box office. After delivering the actor’s fastest-ever Rs 50 crore milestone, the film continues its strong weekday run, with day 7 pushing its worldwide total to nearly Rs 60 crores. With solid footfalls across Kerala and strong overseas earnings, Kalamkaval is on track to become a certified blockbuster.
James Fishback, former DOGE architect and now running for Florida governor, is back to making bold claims. After previously calling for a complete H-1B ban and vowing to fire every foreign skilled worker in Florida if elected, Fishback is now targeting foreign students.
Sholay, the legendary film, is being re-released with a new version to mark its 50th anniversary. The restored film will include never-before-seen footage, including an alternate ending and two deleted scenes. This will give fans a fresh experience and allow new audiences to experience the magic of the film.
Motilal Oswal recommends buying Tata Steel stock with a target price of Rs 210, citing a potential 27% increase. The brokerage report highlights Tata Steel's recent acquisition and long-term strategy for India, including plans for expansion. The acquisition secures raw material needs and strengthens the supply chain.
2025 saw unprecedented success in global markets, but renowned market expert Ruchir Sharma warns of a potential AI bubble burst and a shift towards quality stocks in 2026. He predicts international markets to outperform US and highlights 4 key factors to watch for in identifying a bubble. Sharma also discusses impact of AI on US markets and foresees a renewed focus on quality stocks in the future.
The Supreme Court has ruled that the Special Intensive Revision (SIR) of electoral rolls must include a thorough verification of citizenship, rather than simply copying previous lists. It questioned the Election Commission's role in determining citizenship and criticized their suspicion towards voters.
Lululemon CEO Calvin McDonald has resigned, effective January 2026, after a successful seven-year tenure. The stock prices have surged by 12%, and interim CEOs have been appointed while the search for a new head is underway. McDonald expressed pride in the company's achievements but sources indicate potential issues within the company.
American musician Camryn Magness, who rose to fame at the age of 8 through YouTube videos and opened for popular artists like One Direction and Fifth Harmony, died at 26 in a fatal electric scooter accident. Her death was confirmed by People and announced on social media by her team. Further details on the accident are still unknown.
Indian equity indices opened higher on Friday, with NSE Nifty 50 up by 0.31% and BSE Sensex up by 0.29%. Bank Nifty also opened higher by 0.34%. Small and mid-cap stocks also opened in the green, with Nifty Midcap up by 0.29%. Retail investors' steady inflow into mutual fund SIPs has strengthened DIIs in the FIIs vs DIIs tug of war.
The Trump administration is reportedly considering revoking the visas of two high-profile European green card holders, according to documents seen by Zeteo, the news outlet run by journalist Mehdi Hasan, formerly of MSNBC. Both individuals are well-known critics of X (formelrly Twitter) the social media platform owned by Trump ally and Tesla boss, Elon Musk.
US President Donald Trump, along with United States Commerce Secretary Howard Lutnick, officially launched a new immigration program on Wednesday called the “Trump Gold Card.”
The US government is implementing new rules for tourist visas, including increased social media vetting and biometric data collection, in response to an executive order. The Electronic System for Travel Authorisation (ESTA) will now require additional information, such as phone numbers, email addresses, and family member details, to determine eligibility for the Visa Waiver Program.
Applications for unemployment benefits in the US saw one of their biggest jumps in recent times, rising by the most since the early months of the COVID pandemic, Bloomberg reported. The jump also came right after the previous week showed the lowest number of applications in more than three years.
Imagine Marketing, the parent company of boAt, has disclosed concerns raised by its auditor in its updated draft prospectus ahead of its IPO. These include financial and regulatory compliance, liquidity, cash flow, and overseas liabilities. While corrective actions have been taken, issues like non-compliance with audit-trail requirements and excessive director remuneration have been highlighted.
Motilal Oswal Financial Services has identified 29 compounding stocks, predicting India's shift to a multi-trillion-dollar opportunity in the next 17 years. The 30th Annual Wealth Creation Study highlights the growth potential of financials and consumer discretionaries, with a focus on private banks, NBFCs, and digital onboarding in the capital markets.
PFRDA has revised investment guidelines for NPS and UPS to allow investment in gold and silver ETFs and increase equity exposure to top 250 listed firms. Private sector subscribers can invest in REITs and AIFs, with a limit of 5% of the scheme. Debt investment norms have also been simplified, allowing investment in bonds issued by AIFIs and NBFCs.
India's crude oil imports from Russia have stayed constant at 1.5 million barrels per day in December, but could potentially rise to 1.6 million barrels per day. Despite US sanctions on Russian oil companies, the market for Russian crude has not been affected, with only a 2% increase in Brent. However, some refiners have adjusted their buying patterns due to the sanctions.
India's Commerce and Industry Minister Piyush Goyal responded to US Trade Representative Jamieson Greer's comments on India's trade negotiations, stating that if the US is satisfied with India's offer, they should sign a trade agreement. Goyal did not disclose the offer but mentioned that it is the best they have ever received.
The DGCA has summoned IndiGo CEO Pieter Elbers for clarifications as the airline faces operational disruptions. Monitoring teams and an audit panel have been deployed to track cancellations, crew deployment, and refunds, with inspections ordered at 11 airports. IndiGo has cancelled 4,000 flights and cut its schedule by 10%, claiming stabilization, but the regulator's actions suggest concerns.
The government is releasing a new working paper on authorship and copyright of AI-generated content, building on their previous paper about using copyrighted material in AI training. The proposed framework includes a blanket license for developers and revenue sharing with creators, but will require changes to the Copyright Act. These reforms are crucial for staying competitive.
The Game Awards 2025, hosted by Geoff Keighley, is set to take place in Los Angeles with the highly-anticipated game, Clair Obscur: Expedition 33, leading with a record-breaking 13 nominations. The show will feature performances by rock band Evanescence and presenters such as Neil Newbon and Miss Piggy. Fans can watch the live broadcast on various platforms.
The mutual fund industry in November saw a rise in AUM to Rs 80 lakh crore, driven by equity funds. However, debt funds experienced net outflows of Rs 25,692.63 crore. The industry remains focused on promoting investor awareness and transparency. SIP investments decreased slightly, while equity schemes saw a shift towards growth-oriented and diversified mandates.
The Indian rupee has reached a new low of 90.37 against the dollar due to foreign investments and a delay in a trade deal with the US. It has fallen 5.74% in the current financial year, making it the weakest currency in Asia. Experts forecast a continued decline, with Kotak Securities predicting a drop to 91 per dollar and Nuvama Institutional expecting a fall to 91.50 in the coming weeks.
The owners of the Goa nightclub where 25 people died in a fire have been detained in Thailand and are facing serious allegations. The state government is taking strict action against violations and encroachments in clubs and restaurants to prevent future tragedies. The Luthra brothers, who were on a business trip, are facing accusations from a "vengeful government" according to their lawyer.
Dozens of Indians applying for H-1B and H-4 visas say they are facing unexpected interview cancellations and confusing reschedules, especially after completing their biometrics. Many took to Reddit over the past few days to understand what exactly is happening, and most of them are just as lost as the next person.
The prestigious 33rd Korea Culture and Entertainment Awards took place at the Grand Hyatt Seoul Hotel, honoring achievements in film, drama, K-pop, and musicals. The event presented five grand prizes and was attended by famous stars such as Yim Siwan, Park Hae Lin, and Yerin. K-pop idols also received trophies, with Cha Joo among the winners.
Sebi has expanded the definition of "strategic investor" for REITs and InvITs to attract more capital and improve ease of doing business. The amended criteria now includes a wider pool of institutions, such as pension funds and insurance funds, to promote higher participation. Sebi has also reclassified REITs as equity-related instruments to encourage investments by mutual funds