ESAF Financial Holdings submits fresh proposal to bring down ownership in ESAF Bank
INDIA BUSINESS | Tue, 25 Nov 2025, 12:02AM IST
ESAF Small Finance Bank's promoter, ESAF Financial Holdings, has submitted a revised plan to the RBI to reduce its stake. The new proposal ensures Dia Vikas Capital's shareholding stays below 5%, a change from the previous 12.17% that was rejected. This move aims to provide exits for existing shareholders and introduce new ones, ultimately lowering the promoter's stake.
Continue reading at Economic Times
34m
Trump Will Visit China in April for Meeting With Xi Jinping
GLOBAL NEWS | Mon, 24 Nov 2025, 11:59PM IST
President Trump said he would visit Beijing for the first time since returning to office after holding a call with Mr. Xi, Chinas leader.
Continue reading at The New York Times
37m
Trump to visit Beijing in April
INDIA NEWS | Mon, 24 Nov 2025, 11:52PM IST
President Donald Trump said he has accepted an invitation from Chinese leader Xi Jinping to visit Beijing in April and that he reciprocated by inviting Xi for a state visit to the U.S. later next year. Trump made the announcement a few hours after he spoke with Xi on the phone on Monday morning, in which he said the two men discussed issues including Ukraine, fentanyl, and soybeans. The phone call came nearly one month after the two men met in person in the South Korean city of Busan. "Our relationship with China is extremely strong!" Trump said. Beijing, which announced the phone call first, said nothing about the state visits but said that the two leaders discussed trade, Taiwan and Ukraine. Xi told Trump in the phone call Monday that Taiwan's return to mainland China is "an integral part of the post-war international order," and he expressed hope for a "fair, lasting and binding peace agreement" over Ukraine, according to the Chinese foreign ministry. The conversation came after Japanese Prime Minister Sanae Takaichi recently said Japan's military could get involved if China were to take action against Taiwan, the self-governing island that Beijing says must come under its rule. Japan is an important ally of the U.S. in the region. The phone call also coincided with the latest push by the Trump administration to end the war in Ukraine. The Chinese, who in the past always pointed out that their leader picked up the call "upon request", didn't say such for Monday's call. "That means China called Trump," said Sun Yun, director of the China program at the Washington-based think tank Stimson Center "My best guest is China is worried about the escalation (in tensions) with Japan. The reference to Taiwan and the post-WWII order directly points to the spat with Japan over Taiwan," said Sun Yun, director of the China program at the Washington-based think tank Stimson Center. "They also talked about Ukraine. That is an issue China is interested in due to the new peace negotiation." China's relations with Japan sour China-Japan relations have plunged to a new low following Takaichi's remarks, with Beijing denouncing her words. Over the weekend, Chinese Foreign Minister Wang Yi said Japan "crossed a red line that should not have been touched." Xi in the phone call said China and the U.S., which fought together during the war against fascism and militarism, should "jointly safeguard the victory of World War II." The U.S. has taken no side on the sovereignty of the self-governed island but is opposed to the use of force to seize Taiwan. It is obligated by a domestic law to provide sufficient hardware to the island to deter any armed attack. Trump has maintained strategic ambiguity about whether he would send U.S. troops in case of a war in the Taiwan Strait. His administration has urged Taiwan to increase its defense budget. Earlier this month, Taiwan's foreign ministry said it received official notification that the Trump administration approved a US$330 million arms sales to Taiwan, including fighter jet parts. Beijing immediately protested the arms sale, saying it "grossly violated" the one-China principle, by which Beijing considers Taiwan to be part of Chinese territory. "China deplores and opposes that," Chinese foreign ministry spokesperson Lin Jian said then. The two leaders also discussed the Ukraine crisis, the Chinese side said, with Xi saying the crisis should be resolved "at its root." The Chinese leader stressed Beijing's support for "all efforts that are conducive to peace," according to the statement. However, western governments have accused Beijing of enabling the war through its industrial support for Moscow. Trump and Xi discussed trade Trump said he spoke with Xi about "Fentanyl, Soybeans and other Farm Products, etc." "We have done a good, and very important, deal for our Great Farmers - and it will only get better," Trump wrote. Since he met Xi in Busan, "there has been significant progress on both sides in keeping our agreements current and accurate," Trump said. In the call, Xi said the bilateral relationship has "generally maintained a steady and positive trajectory" following the Busan summit, and he said the two sides should strive to make "more positive progress," according to the Chinese foreign ministry. It didn't reveal any concrete agreements on matters such as purchases of American soybeans.
Continue reading at Economic Times
44m
INDIA BUSINESS | Mon, 24 Nov 2025, 11:51PM IST
Indian aviation is on high alert. Ash clouds from Ethiopia's Hayli Gubbi volcano are moving towards western and northern India. Flights are already experiencing disruptions and diversions. Authorities are monitoring the situation closely. Passengers should check flight statuses frequently. More detours and delays are possible overnight.
Continue reading at Economic Times
45m
Rate-cut room intact, signals RBI governor Malhotra; bond yields decline
INDIA MARKET | Mon, 24 Nov 2025, 11:04PM IST
These comments come a week ahead of the meeting of the six-member monetary policy committee that starts from December 3. The decision in the meeting will be announced on Friday, December 5
Continue reading at Business Standard
1h
Exports and domestic demand to drive steady growth for pharma SMEs in FY26
INDIA NEWS | Mon, 24 Nov 2025, 10:47PM IST
Rising US and EU demand is set to drive SME-led growth, though tougher compliance rules may test smaller firms
Continue reading at Business Standard
1h
SBI Ventures plans to launch 2,000-crore climate-focussed fund in Jan-Mar
INDIA BUSINESS | Mon, 24 Nov 2025, 10:46PM IST
It will help unlock green growth, a new financial opportunity, SBI Ventures Managing Director and Chief Executive Officer Prem Prabhakar said
Continue reading at The Hindu
1h
An Auto Holy Grail: Motors That Dont Rely on Chinese Rare Earths
GLOBAL NEWS | Mon, 24 Nov 2025, 10:36PM IST
Weary of being captive to geopolitics, car companies are looking for ways to replace powerful rare-earth magnets in electric motors.
Continue reading at The New York Times
2h
Mumbai Int'l Airport handles record single-day air traffic movement Nov 21
INDIA BUSINESS | Mon, 24 Nov 2025, 10:31PM IST
Mumbai International Airport achieved a new record on November 21, handling 1,036 air traffic movements, driven by festive demand. This surpassed its previous best, with the airport also reporting near-record passenger traffic on the same day. Domestic routes saw high activity, alongside strong international travel to key global destinations.
Continue reading at Economic Times
2h
Economy picked up steam in Oct on GST rejig, festival spends: RBI bulletin
INDIA MARKET | Mon, 24 Nov 2025, 10:14PM IST
Measures undertaken this yr pave way for virtuous cycle
Continue reading at Business Standard
2h
GST relief and festival buying lift October activity, says RBI report
INDIA NEWS | Mon, 24 Nov 2025, 10:14PM IST
Policy moves this year seen setting up a virtuous investment cycle
Continue reading at Business Standard
2h
Russias Invasion of Ukraine Prompts Debate Over Europes Military
GLOBAL NEWS | Mon, 24 Nov 2025, 10:12PM IST
With Russia looming, governments race to rebuild armed forces that shrank after the Cold War, grappling with hard issues of economics, politics and military strategy.
Continue reading at The New York Times
2h
INDIA MARKET | Mon, 24 Nov 2025, 10:01PM IST
Nifty extended its decline below key averages, signalling short-term weakness as broad market selling persisted. Analysts advised caution while recommending select bullish setups in Jyoti CNC, AB Capital, Eicher Motor, Safari Industries and Gravita India for potential upside.
Continue reading at Economic Times
2h
BNP Paribas adds a Navratna to its cap, makes Rs 392 crore bet on railway PSU via bulk deal
INDIA MARKET | Mon, 24 Nov 2025, 10:00PM IST
BNP Paribas acquired a Rs 392 crore stake in Container Corporation of India (CONCOR) on Monday through a bulk deal, purchasing 72.18 lakh shares via its affiliate. Despite CONCOR's recent market underperformance and trading below key moving averages, the company reported a modest 3.6% net profit growth in the September quarter.
Continue reading at Economic Times
2h
more