More Disabled People Can Open Special Savings Accounts. Do You Qualify?
GLOBAL NEWS | Mon, 8 Dec 2025, 2:15AM IST
Starting next year, people who became disabled by age 46 will be eligible for ABLE accounts. The accounts have been slow to catch on, partly because the current age limit is 26.
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2h
'Luxe housing sees demand & supply surge beyond metros'
INDIA BUSINESS | Mon, 8 Dec 2025, 12:29AM IST
The luxury housing landscape in India is flourishing, as the dynamics of supply and demand expand into non-traditional regions. Luxury properties now make up 27% of the market, fueled by a craving for high-end design and outstanding amenities. Emerging hotspots for luxury living are booming, successfully closing the price gap with their more established counterparts.
Continue reading at Economic Times
4h
Bajaj Finserv plans foray into pension, wealth management in '26
INDIA BUSINESS | Mon, 8 Dec 2025, 12:26AM IST
Next year, Bajaj Finserv is paving the way for a dynamic foray into pensions and wealth management, setting the stage for a robust financial future. With ambitions to list its insurance arms in the next four to five years, this strategy is a cornerstone of their ambitious five-year roadmap aimed at tripling revenue by FY30.
Continue reading at Economic Times
4h
Banks unlikely to reduce deposit rates despite RBI easing
INDIA BUSINESS | Mon, 8 Dec 2025, 12:22AM IST
Following the latest repo rate decrease, bankers foresee only slight adjustments to deposit rates. The landscape, characterized by sluggish savings yields and elevated credit-deposit ratios, restricts deeper cuts. Consequently, banks will experience continued margin pressure in the near term. However, a turnaround in profitability is anticipated later this fiscal year.
Continue reading at Economic Times
4h
Banks unlikely to reduce deposit rates
INDIA NEWS | Mon, 8 Dec 2025, 12:22AM IST
Mumbai: A sharp drop in deposit rates, competition from other investment avenues, and a high credit-deposit (CD) ratio is likely to limit scope for further reduction in deposit rates, said bank executives.Bankers expect only a 10-to-15 basis points reduction in deposit rates following the 25 basis points reduction in the repo rate by the central bank last week.Inability to pass on rate cuts fully will delay improvement in bank margins, according to bankers. One basis point is 0.01 percentage point.125821080 The weighted average deposit rate on fresh term deposits has fallen 98 basis points to 5.57% since the current rate-cutting cycle began in February. With the latest 25 basis-point cut by the Reserve Bank of India (RBI), the benchmark repo rate is now down by 125 basis points.However, bankers say further deposit rate cuts will be limited."Banks will not be able to pass on the full extent of this cut because we are probably at near lows with savings bank rate at 2.50% to 2.75%," said Binod Kumar, chief executive officer at Indian Bank. "Credit deposit ratio is also high at around 80%, and with intense competition for savers funds from other avenues like mutual funds, deposit rates especially in the flagship one-to-two-year bucket should not come down by more than 10 basis points."Banks' CD ratio crossed the 80% mark in October, RBI data showed, underscoring challenges for banks to tap fresh deposits even as credit growth picked up in the second half of the year.Bankers acknowledged that customer behaviour has changed and any sharp cut in deposit rates could have long-term implications for bank resources as customers will consider other higher yielding investments."Banks are facing competition from other investment avenues for deposits," said Sumit Phakka, deputy managing director, retail at IDBI Bank. "The limited transition in deposit rates means that bank margins which were on the mend will remain under pressure for some more time as banks adjust their lending rates to the new benchmarks."Analysts say bank net interest margins (NIMs), which were on the mend, will also remain under pressure for longer."The latest cut means margin improvement has been delayed," said Ankit Jain, associate director, India Ratings & Research. "We now expect bank margins to stabilise only by the fourth quarter of the fiscal and improve only from the first quarter of the next fiscal onwards."
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4h
IndiGo puts in place crisis management team
INDIA BUSINESS | Mon, 8 Dec 2025, 12:21AM IST
IndiGo has established a crisis management group, including its chairman and CEO, to address widespread flight cancellations and delays. This action follows a severe pilot shortage and operational issues that have stranded thousands of passengers. The board is actively involved, holding frequent meetings to stabilize the airline's network during this high-travel period.
Continue reading at Economic Times
4h
Call of duty infuses fresh energy into local gear makers
INDIA BUSINESS | Mon, 8 Dec 2025, 12:15AM IST
Construction equipment makers are experiencing a surge in government orders for border infrastructure projects, driven by heightened geopolitical tensions and import substitution efforts. Companies like JCB India and Action Construction Equipment are supplying critical machinery to the defence ministry and Border Roads Organisation, significantly boosting their revenue streams and local manufacturing capabilities.
Continue reading at Economic Times
4h
'India unit centre of brilliance for Reckitt with its brands reaching 10 million stores'
INDIA BUSINESS | Mon, 8 Dec 2025, 12:10AM IST
Celebrating India as a 'nucleus of excellence,' Reckitt Benckiser reveals that its brands have made their way to a remarkable 10 million stores across the nation. The firm highlights the vital role of offline retail in its operations, with 85% of FMCG sales still flowing from smaller neighborhood outlets, contrasted by a growing 15% from the quick commerce sector.
Continue reading at Economic Times
4h
Don't let airlines bend flight duty rules: Panel told DGCA months ago
INDIA BUSINESS | Mon, 8 Dec 2025, 12:05AM IST
In a report tabled in Parliament, the Standing Committee on Transport, Tourism and Culture cautioned that the aviation sector was approaching a "critical inflection point" due to the mismatch between the rapid growth of aircraft fleets and the slower expansion of pilot and air traffic controller (ATC) manpower.
Continue reading at Economic Times
4h
Govt tells banks to flag adverse info on top executives
INDIA BUSINESS | Mon, 8 Dec 2025, 12:02AM IST
India's finance ministry is setting a new standard for accountability by instructing state-run banks to swiftly communicate any troubling details regarding their directors and appointees. This move is particularly relevant following the controversial case involving UCO Bank's MD & CEO, who is currently facing a CBI chargesheet.
Continue reading at Economic Times
5h
Bessent Says He Divested From Soybean Farms After Ethics Office Warning
GLOBAL NEWS | Mon, 8 Dec 2025, 12:00AM IST
The Treasury Secretary said on Sunday he recently shed his holdings to comply with his federal ethics agreement.
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5h
Solar capacities info shared with funding agencies
INDIA BUSINESS | Sun, 7 Dec 2025, 11:59PM IST
The ministry said the move will enable financiers to explore and expand their solar PV manufacturing portfolio into upstream segments like solar cells, ingots-wafers, and polysilicon, as well as solar module ancillaries such as solar glass and aluminium frames, instead of being limited to financing only solar PV module manufacturing facilities.
Continue reading at Economic Times
5h
ICC media rights in jeopardy after JioStar pulls out
INDIA BUSINESS | Sun, 7 Dec 2025, 11:57PM IST
In a surprising turn of events, JioStar has communicated to the ICC that it must retract from its media rights contract for cricket events, primarily due to major financial challenges. This development has prompted the ICC to scout for alternative partners to secure rights for future tournaments.
Continue reading at Economic Times
5h
ICC on a sticky wicket as JioStar seeks to exit deal
INDIA BUSINESS | Sun, 7 Dec 2025, 11:57PM IST
In a surprising turn of events, JioStar has communicated to the ICC that it must retract from its media rights contract for cricket events, primarily due to major financial challenges. This development has prompted the ICC to scout for alternative partners to secure rights for future tournaments.
Continue reading at Economic Times
5h
Senior Trump administration official begins five-day visit to India
INDIA NEWS | Sun, 7 Dec 2025, 11:56PM IST
Allison Hooker, the US Under Secretary of State for Political Affairs, is on a five-day visit to India from Sunday to advance bilateral strategic and economic ties.
Hooker's trip to New Delhi and Bengaluru comes amid increasing strain in ties between the two countries after Washington slapped a whopping 50 per cent tariff on Indian goods, including 25 per cent levies for India's procurement of Russian crude oil.
The US embassy said Under Secretary Hooker's visit marks another step forward in advancing President Donald Trump's priorities for a strong US-India partnership and a free and open Indo-Pacific.
Hooker's December 7-11 visit is aimed at advancing the US-India strategic partnership, deepening economic and commercial ties including increasing American exports, and fostering collaboration in emerging technologies including artificial intelligence and space exploration, it said.
"While in New Delhi, Under Secretary Hooker will meet with senior Indian officials to discuss regiona
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5h
Banks cut loan rates for retail segments after RBI's 25-bps repo cut
INDIA BUSINESS | Sun, 7 Dec 2025, 11:55PM IST
Lending rates linked to external benchmarks drop from Dec 6, offering relief to home, vehicle, and personal loan borrowers
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5h
IndiGo crisis: Indian Railways opens counters at airports
INDIA BUSINESS | Sun, 7 Dec 2025, 11:52PM IST
The national transporter is also running 89 special train services (over 100 trips) from Saturday to Monday across multiple zones. "This will help support smooth travel and ensure adequate connectivity amid rising demand for rail travel," the statement added.
Continue reading at Economic Times
5h
Fino Payments Bank will adopt a cautious approach to lending: MD & CEO
INDIA MARKET | Sun, 7 Dec 2025, 11:49PM IST
Fresh off its RBI nod, Fino Payments Bank plans a cautious but differentiated path as it transitions into a small finance bank-with digital scale, low-cost liabilities and secured lending at its core
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5h
Copper industry seeks curb on cheap imports
INDIA BUSINESS | Sun, 7 Dec 2025, 11:38PM IST
With India's copper production reaching new heights, local manufacturers are calling on the government to curb the influx of inexpensive imports. They advocate for increased tariffs and strict quotas on copper imports, particularly from nations benefiting from free trade agreements, to protect their burgeoning industry and ensure fair competition.
Continue reading at Economic Times
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