The Lok Sabha has passed an insurance reform bill, raising foreign direct investment in the sector to 100%. The government says this will bring capital, competition, and better coverage.

Elon Musk has become the richest person the world has ever seen. His net worth has surged past $600 billion, driven largely by SpaceX’s soaring valuation and IPO buzz.

The Indian rupee has hit a fresh record low, crossing 91 against the US dollar for the first time. With the currency weakening steadily despite gains in other Asian currencies

India’s unemployment rate fell to its lowest level in eight months in November, driven largely by stronger rural hiring and rising female workforce participation.

IPL 2026 mini auction shatters records in Abu Dhabi: Here are the top 10 most expensive buys

The expanded US travel ban takes effect from January 1, 2026, with education groups warning of its impact on international students and exchanges

Donald Trump

Business Standard

Sensex Today | Stock Market Highlights on December 17, 2025: In the broader market, the BSE MidCap and the SmallCap indices ended lower by 0.54 per cent and 0.73 per cent, respectively

Stock Market LIVE, December 17, 2025

The Trump administration is expanding its travel ban to include five more countries and impose new limits on others.
This move Tuesday is part of ongoing efforts to tighten US entry standards for travel and immigration. The decision follows the arrest of an Afghan national suspect in the shooting of two National Guard troops over Thanksgiving weekend.
In June, President Donald Trump announced that citizens of 12 countries would be banned from visiting the United States and those from seven others would face restrictions. The decision resurrected a hallmark policy of his first term.
At the time the ban included Afghanistan, Myanmar, Chad, the Republic of Congo, Equatorial Guinea, Eritrea, Haiti, Iran, Libya, Somalia, Sudan and Yemen and heightened restrictions on visitors from Burundi, Cuba, Laos, Sierra Leone, Togo, Turkmenistan and Venezuela.
On Tuesday, the Republican administration announced it was expanding the list of countries whose citizens are banned from entering the US to

Donald Trump, Trump

Press Trust of India

Here are the best of Business Standard's opinion pieces for today

illustration: ajaya kumar mohanty

The attack unfolded on Saturday when a suspect armed with a firearm entered a campus building where students were taking examinations and opened fire

The Brown University campus in Providence, Rhode Island

Applicants can check their Nephrocare Health IPO allotment status on the official websites of NSE and BSE, or the registrar Kfin Technologies

initial public offerings, IPO

Tourists from India are among the biggest spenders on luxury goods in Singapore, helping the city-state's high-end product retailers defy a global downtrend in spending on premium products, a top business association here said on Monday.
Indian tourists spent SGD 812.17 million in Singapore in the first half of 2025, a rise of 4.40 per cent over the same period last year, according to Singapore Tourism Board (STB) statistics.
Indian travellers continue to be one of the island's most commercially significant markets, and they are among the tourists helping to lift luxury spending in Singapore, Orchard Road Business Association (ORBA) Chairman Mark Shaw said.
ORBA is Singapore's key body managing and promoting Orchard Road, a premier shopping belt.
Experts say, besides India, tourists from China and Indonesia are also helping the city-state defy a global downtrend in luxury spending.
Indian travellers have high spending and longer-than-average lengths of stay at 6.3 days. These long

Singapore

The 43-year-old Sydney shopkeeper suffered gunshot wounds after wrestling a rifle from one of the attackers during the Bondi Beach Hanukkah shooting that left 15 people dead

Footage from the incident shows Ahmed al Ahmed (L) leaping at the gunman, tackling him to the ground and prising the weapon from his hands.

Ahmed al Ahmed, Bondi Beach shooting Sydney

At least 16 people were killed and dozens injured in a mass shooting during a Hanukkah event at Sydney's Bondi Beach. Police identified the attackers as a father-son duo

Bondi beach shooting, Australia

The effort is part of Google's aggressive plan to make its Tensor Processing Units a viable alternative to Nvidia's market-leading GPUs

Nvidia

Reuters

The Corporate Average Fuel Efficiency (CAFE) framework sets fleet-wide carbon dioxide emission targets for automakers

small cars, auto sector

Increasing the foreign direct investment limit to 100 per cent in the insurance sector will help expand coverage, create jobs and make life cover policies more affordable and accessible, said experts.
They were commenting on the Sabka Bima Sabki Raksha (Amendment of Insurance Laws) Bill, 2025, which was passed by the Parliament on Wednesday. The bill seeks to raise FDI (foreign direct investment) limit in the insurance sector from 74 per cent to 100 per cent.
Terming the legislation as a landmark reform, Bajaj General Insurance MD and CEO Tapan Singhel said it reflects a government that has listened carefully to citizens and industry stakeholders and responded with a long-term vision.
By strengthening policyholder protection, improving transparency, and empowering the regulator, the Bill builds trust at the core of the insurance system, Singhel, who is also the chairman of the General Insurance Council, said.
"This will help expand insurance coverage, create jobs across the value .

FDI, INVESTMENT, investment, foreign investment, foreign direct investment, FPI, dollar inflow, GROWTH, MARKETS, FUNDS, SHARES, DEMAND, GROWTH, mutual fund, fund, stocks

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