Today’s Paper

SBI has asked the Centre to extend its 10-year tax holiday at GIFT City, saying early entrants lost effective benefit years. Experts warn activity could shift offshore if incentives lapse

LIC and GQG Partners have indicated interest in subscribing to Adani Enterprises' rights issue, with RE trading active and most applications expected closer to the December 10 deadline

Biocon's board will meet on December 6 to consider acquiring Biocon Biologics shares from minority investors through cash or a share swap, and to approve fundraising options such as QIP, rights issue

Indian IT majors vie for mandate as American bank plans insourcing rampup

GCC healthcare ecosystem projected to require over 50,000 additional nurses by 2027, says BorderPlus CEO

Tsugami has inaugurated a Rs 300-crore assembly and foundry unit near Chennai-its largest machine-tool investment in India-boosting local jobs and strengthening high-precision manufacturing

VinFast will invest an additional $500 million to expand its Thoothukudi facility for electric bus and e-scooter manufacturing, under a new MoU with Tamil Nadu

LIC has entered a bancassurance partnership with Yes Bank, giving customers wider access to its life insurance plans as both institutions work toward the "Insurance for All by 2047" vision

ASG Eye Hospital will invest Rs 2,000 crore to expand from 175-plus centres to 600-700 by 2030, using acquisitions, new hospitals and district centres, backed by investors

India's largest dialysis provider plans to expand clinics at home and abroad ahead of its December 10 IPO, betting on rising CKD burden and demand for accessible dialysis care

Dream11 is shifting from fantasy gaming to a second-screen sports entertainment platform, betting on ads and paid shoutouts to creators, CEO Harsh Jain said, after the Centre's ban on real money games

Nexus Venture Partners has closed its $700-million Fund VIII to invest in early-stage AI, enterprise software, consumer and fintech startups across India and the US

EV two-wheeler maker Ultraviolette has raised $45 million in its Series E round from Zoho and Exor's Lingotto, as it scales production, advances battery tech and prepares for an IPO by FY28

Bank of America has set a Nifty target of 29,000 for 2026, saying limited valuation upside means returns will hinge on earnings growth, with large-caps expected to outperform mid- and small-caps

The domestic currency touched a fresh low of 90.41 against the dollar on Thursday but gained back its intraday losses to close at 89.98

Despite strong real growth, slowing nominal GDP and a sharply weaker deflator raise fiscal concerns, challenging Budget assumptions for FY26

Fitch raises India's FY26 growth forecast to 7.4%, citing strong consumer demand and GST-driven sentiment, while expecting slower growth ahead, limited rupee fall and one more RBI rate cut

Parliament passes Central Excise (Amendment) Bill 2025

As the rupee weakens past 90/$, outbound travellers may adjust itineraries or reduce spends, while inbound and domestic tourism gain as India becomes more cost-competitive.

Consumer electronics firms expect to raise prices by up to 10% as the rupee weakens and input costs rise, while food companies watch the currency closely before adjusting prices

The Indian IT services industry derives roughly 90 per cent of its revenues from global markets-about 57 per cent from the US and around 28 per cent from Europe

RBI is intervening mainly to smooth volatility rather than defend specific levels as the rupee hits fresh lows amid outflows and trade-deal uncertainty, with its forward position limiting room to act

Retailers at IndiaEdge 2025 urged a unified national retail policy, single-window digital clearances and fewer overlapping licences to ease compliance and support sectoral growth

According to government data, the total trade between India and Russia grew from $8.73 billion in FY22 to $68.7 billion in FY25, mainly due to New Delhi's oil purchases

The Centre is reviewing West Bengal's request for coal linkage for a new 1,600 MW unit under the revised SHAKTI Policy as the state looks to add capacity to meet rising demand

Russia is exploring joint production of Arctic-class vessels in India, deepening maritime and logistics cooperation as cargo flows rise across the Chennai-Vladivostok and North-South corridors

PepsiCo, Coca-Cola, Reliance among investors; Yogi says rule of law spurred growth as GIDA eyes mega corridor expansion

The rupee hit 90.41 per dollar intraday on Thursday before recovering to close at 89.98, as foreign banks sold dollars and RBI intervention stayed limited amid outflows and trade-deal uncertainty

RBI's new gold metal loan rules allow banks to lend to a wider set of jewellers, refine GMS-linked lending and enforce stronger risk controls, with the norms effective April 2026

RBI pushed the amended credit information reporting directions to July 1, 2026 and eased reporting requirements after feedback, while also clarifying rules for BSBD accounts

RBI said FBB exposures to head offices and their branches will fall under LEF, while exposures to other group entities move to the ITE framework, with gross calculation retained

NPCI International and ACLEDA Bank have partnered to enable UPI and KHQR acceptance in India and Cambodia, offering tourists secure, interoperable and seamless QR-based payments

If you receive an unsolicited credit card, raise an objection and communicate with the bank in writing; escalate if you do not receive a positive response within 30 days

Here are the best premiums for health insurance policies that are especially tailored for young women working in urban centres

Regulations are never cast in stone, evolution is essential

Former Defence Secretary calls for accountability for false complaints, warns of systemic risk-aversion in bureaucracy

The most striking finding is the presence of uranium contamination across North India

It is easy to see that these rules require airlines to accelerate their pilot and crew hiring programmes. In fact, the FDTL norms are not the only compulsion to do so

JSW Steel's BPSL restructuring and its 50:50 JFE JV signal major deleveraging and a cleaner structure, adding tech benefits even as consolidated operating profit is expected to moderate

Investors should diversify, as we don't know what the world will look like in five years. Markets valuations are sky-high, but the economic reality for ordinary people is not good, Faber said.

Balanced Advantage Funds have had a weak year, but advisors warn against knee-jerk exits, saying investors should stay invested unless a fund persistently lags peers and benchmarks

On the downside, gold prices, WGC said, can slip 5 per cent to 20 per cent in CY26. For that to happen, Donald Trump's policies need to succeed, resulting in stronger-than-expected growth.

Sebi has barred Avadhut Sathe Trading Academy and impounded Rs 546 crore, alleging the outfit offered unregistered stock advice under the guise of education and misled participants

Ahead of Putin's arrival, Rahul Gandhi claimed the government discourages foreign leaders from meeting him - a charge the BJP rejected as false and politically motivated

An SCBA survey shows women lawyers keen to lead, yet gender bias, pay gaps, limited mentorship and motherhood pressures continue to restrict equal access to leadership roles

Shyam Saran says the world's ability to act on climate change has weakened as warming crosses 1.5°C, with experts at COP30 also flagging the finance gap and net-zero challenges

200 more flights cancelled on Thursday; chaos at airports across India

MNRE secretary Santosh Sarangi said C&I renewables could rise to 60-80 GW by 2030, with this year's installations likely above 5-6 GW via bids and contracts

RBI's final business authorisation norms expand operational autonomy for co-op banks while strengthening oversight, introducing a four-tier framework for the diverse UCB sector

Exporters like Sun Pharma, Dr Reddy's may see 7-8% revenue lift, yet margins pressured by high raw material import costs

With the rupee weakening against the euro and dollar, luxury and mass-market automakers are preparing steep price hikes as rising import and semiconductor costs squeeze margins

A sliding rupee could make both fertiliser imports and domestic production costlier, pushing the subsidy bill higher as urea and DAP prices remain fixed for farmers

TCS is in discussions with Microsoft, AWS, Google and Nvidia to co-develop enterprise solutions for its HyperVault data centre business

An Anarock-360 One Wealth report shows Worli leading India's ultra-luxury housing market, logging ₹5,500 crore in sales of ₹40-crore-plus homes over two years amid major land and project activity

An app nobody noticed, until everyone did. Political heat and curiosity pushed it to the top in downloads. How long before the slide?

BAT plans to divest up to 15.3% stake in ITC Hotels, calling the holding non-strategic; proceeds from the block trade will support its target leverage corridor by 2026

Toyota's India head says the country should now push flex-fuel vehicles, calling for lower taxes and pricing support as E20 stabilises and higher blends prove impractical for legacy fleets

India's nuclear capacity will expand sharply to 21,880 MW by 2032 as ongoing and planned PHWR projects come online, with BARC also developing next-generation Small Modular Reactors

Cohesity will invest $1 bn in India over five years, expanding engineering centres in Bengaluru and Pune as it scales AI-driven cybersecurity amid rising global and domestic threat levels

The Centre has released Rs 37,000 crore under RDSS-38% of sanctioned support-with fund disbursal tied to DISCOMs meeting milestones and state-specific action plans

The Supreme Court began hearing arguments on whether Yes Bank's 2020 write-off of ₹8,400 crore AT1 bonds was legally valid, a ruling that could reshape future bank resolutions

A CUTS survey finds offshore platforms gained sharply after India's real-money games ban, with their share of daily play rising to 42% and users spending more time on unregulated sites

The government has framed the structure for the Indian carbon market under CCTS, with a National Steering Committee to guide it and several sectors already moving to the compliance regime

JSW Steel and Japan's JFE Steel will jointly own BPSL in a 50:50 venture, marking renewed global interest in India's steel sector as companies chase long-term growth opportunities

PwC's Global E&M Outlook projects India's entertainment and media revenue at $35.3 billion in 2025, rising to $47.2 billion by 2029, driven by internet ads, OTT growth, gaming and live experiences

India's cybersecurity product companies are projected to generate nearly $6 billion in 2026, up from $4.46 bn in 2025, even as AI-driven attacks and sophisticated threats reshape security landscape

Patanjali Group will invest ₹118 crore to establish a holistic wellness hub at Yendada in Visakhapatnam, becoming the first private project under AP's new health and spiritual tourism circuit strategy

Plant protection industries say the draft Pesticides Management Bill risks fostering 'licence raj' and hampering research, citing sweeping inspector powers, price controls and unclear licensing terms

Hotel occupancy is hovering between 70 and 80 per cent, out of which domestic tourists account for 95 per cent

Chief Minister Vishnu Deo Sai disbursed ₹634.65 crore at a programme in Mohla-Manpur-Ambagarh Chowki district

India's power demand dipped 0.3% to 123 BUs in November amid lower temperatures, even as peak demand hit a record 216 GW, with RE and hydro generation rising and coal output falling

The book opens with Mr Zaidi's journey to meet a mysterious figure who people call Akka, once a key aide to one of Mumbai's mob bosses Varadarajan Mudaliar

The pledge by Japanese Prime Minister Sanae Takaichi to work, work, work, work and work for her country has been named the catchphrase of the year, recognising the effort Japan's first female leader had to make to reach the top. The ultraconservative Takaichi uttered the phase in October when she was elected as head of the ruling Liberal Democratic Party. Many were initially as worried about her work ethic as supportive of her enthusiasm. In a country notorious for long working hours, especially for working women who are also burdened with homemaking and caregiving, overwork is a sensitive topic. The recognition triggered a mixed reaction, with some interpreting it as satire. Accepting her award from a private committee this week, Takaichi said she only wanted to stress her enthusiasm. I have no intention of encouraging other people to overwork, or suggesting long working hours as a virtue, Takaichi said. I hope there is no misunderstanding. Takaichi, within weeks of taking office

Rushdie's novel The Satanic Verses was banned in India in 1988 by then-Prime Minister Rajiv Gandhi, prompting the author to publish an open letter in the New York Times in response

Russian President Vladimir Putin said his five-hour talks with US envoys on ending the war in Ukraine were necessary and useful but also difficult work, with some of the proposals unacceptable to the Kremlin. Putin's remarks to a private news channel came ahead of his visit to New Delhi on Thursday. The Russian leader's comments come as US President Donald Trump's special envoy Steve Witkoff and son-in-law Jared Kushner are set to meet with Ukraine's lead negotiator, Rustem Umerov, on Thursday in Miami for further talks, according to a senior Trump administration official who was not authorised to comment publicly and spoke on the condition of anonymity. The high-stakes talks are part of Trump's renewed push to end the nearly four-year war. The peace effort has recently gathered steam, even though reconciling Russia's and Ukraine's red lines still appears to be an uphill battle. Trump said Wednesday that Witkoff and Kushner came away from their marathon session with Putin in the ..

China and France pledged deeper cooperation on global issues like the war in Ukraine and trade, as France prepares to take on the presidency of the Group of Seven next year. French President Emmanuel Macron met with China's Xi Jinping on Thursday morning as part of a three-day state visit focusing on trade and diplomacy. France seeks help to end Ukraine war --------------------------------------- The French leader is seeking to involve Beijing in pressuring Russia toward a ceasefire with Ukraine after a recent burst of diplomacy around a U.S.-led peace plan. We are facing the risk of the disintegration of the international order that brought peace to the world for decades, and in this context, the dialogue between China and France is even more essential than ever, Macron said Thursday. I hope that China will join our call, our efforts to achieve, as soon as possible, at the very least a ceasefire in the form of a moratorium on strikes targeting critical infrastructure, he said.

Putin arrived in New Delhi to a rare tarmac welcome from PM Modi as the two leaders prepare for a high-stakes summit on defence, trade, technology and future cooperation

Ahead of the Modi-Putin summit, India and Russia reaffirmed defence cooperation, with New Delhi pushing for co-development, technology transfer and deeper military ties

US has ordered H-1B applicants and their H-4 dependants to keep all social-media profiles public, extending mandatory online-presence checks already applied to F, M and J visas