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INDIA BUSINESS | Wed, 10 Dec 2025, 6:49PM IST Vedanta Chairman Anil Agarwal said the latest investment will be used for the establishment of a zinc park to boost small and medium zinc manufacturing industries in the state

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GLOBAL NEWS | Wed, 10 Dec 2025, 6:46PM IST Writing under a pseudonym, Madeleine Wickham cultivated an international following for her series centered on a young woman addicted to shopping.

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INDIA BUSINESS | Wed, 10 Dec 2025, 6:31PM IST Restaurant chain Social and bus-mobility firm Cityflo have launched Mumbai's first experiential Bar Hop, transforming buses into social spaces. This initiative aims to showcase how public transit can host community gatherings and entertainment, with participants enjoying a four-hour journey across three Social outlets featuring onboard music and games.

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INDIA BUSINESS | Wed, 10 Dec 2025, 6:29PM IST Nestle India's Chief Financial Officer, Svetlana Boldina, will depart on January 31, 2026, to assume a new role within a Nestle affiliate. This leadership transition occurs amidst a period of reshuffling at other major Indian consumer companies due to recent muted earnings. A successor for the CFO position will be announced soon.

Continue reading at Economic Times

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INDIA MARKET | Wed, 10 Dec 2025, 6:29PM IST The U.S. Federal Reserve is expected to cut interest rates on Wednesday as policymakers grapple with gaps in economic data caused by the recent government shutdown and work through competing views about the risks facing the economy.

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INDIA BUSINESS | Wed, 10 Dec 2025, 6:24PM IST India and Sweden are joining forces for a cleaner industrial future. Seven projects will explore new ways to cut emissions in steel and cement production. These initiatives aim to use hydrogen in steelmaking and recycle materials for green cement. Artificial intelligence will also support efforts to reduce carbon in cement.

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GLOBAL NEWS | Wed, 10 Dec 2025, 6:18PM IST The central bank is widely expected to lower its benchmark lending rate on Wednesday. But investors are worried about what comes afterward.

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INDIA BUSINESS | Wed, 10 Dec 2025, 6:10PM IST Delhi's trade, industry, and tourism sectors have reportedly incurred losses of Rs 1000 crore due to widespread IndiGo flight cancellations. The disruptions have led to a 25% drop in market footfall and a significant decrease in business arrivals, impacting hotel and restaurant bookings during the peak season.

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INDIA MARKET | Wed, 10 Dec 2025, 6:09PM IST The offer received bids 9.16 crore shares as against 3.63 crore shares on offer.

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INDIA BUSINESS | Wed, 10 Dec 2025, 6:07PM IST Separately, Commerce Minister Piyush Goyal confirmed that FTA talks with New Zealand and the European Union are in their final stages

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INDIA MARKET | Wed, 10 Dec 2025, 6:06PM IST Adani Enterprises Rs 25,000 crore rights issue closed with strong demand, ending at 108% subscription. The public portion was even stronger at 130% subscribed. Priced at Rs 1,800 per share, the issue will help the company reduce debt and fund capex across airports, data centres, green hydrogen and other growth businesses.

Continue reading at Economic Times

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INDIA BUSINESS | Wed, 10 Dec 2025, 6:01PM IST With over 8,000 machines installed and localisation touching 50 per cent, the company prepares for its next growth wave powered by automation, high-tech sectors and digital machining, deploying data and smart technology, including artificial intelligence

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INDIA BUSINESS | Wed, 10 Dec 2025, 5:56PM IST NBFCs' vehicle-loan AUM is seen growing 16-17 per cent annually through FY26-FY27 to Rs 11 trillion by March 31, 2027, with used-vehicle loans expected to outpace new loans, Crisil Ratings said

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INDIA NEWS | Wed, 10 Dec 2025, 5:56PM IST Truck drivers are encountering a new risk on the highway: Law enforcement officers are empowered by the Trump administration to pull them off the road if they fail an English test.The government argues the rules are critical to safety. For Vadym Shpak, theyre a costly and frustrating disruption.Shpak, the owner of an Illinois-based trucking company, has had to book planes and car rentals for drivers whove had to abandon their rigs while on the road. Some of his employees, who are mostly Eastern European, refuse to go to southern states for fear of being targeted. He says his insurance premiums are climbing because of an increased number of violations.These are good drivers, experienced drivers, but they get pulled over and the officer says their English isnt good enough, he said. And you know what happens? I have to pay for everything.The language crackdown is part of a broader Trump administration campaign thats upending the trucking industry, a critical pillar of the US economy. In September, Transportation Secretary Sean Duffy sought to sharply limit commercial drivers licenses for foreign-born applicants, a move since paused by a federal court. In recent months, hundreds of truckers have been swept up in Immigration and Customs Enforcement raids across Oklahoma, Texas, Indiana and New York. What began as a push for highway safety has expanded into a far-reaching enforcement drive that immigrant advocates say indiscriminately targets foreign-born truckers who are legally permitted to be in the country. The Department of Transportation, tasked with ensuring safety and efficiency, has become a part of Trumps broader immigration agenda deepening uncertainty in an industry already mired in a slowdown marked by sluggish demand and low freight rates.There have been reports of areas where drivers are unwilling to go, and it generally is going to correspond to wherever ICE recently was, said Aaron Graft, chief executive officer of Triumph Financial Inc., a banking platform for the freight industry. For days afterwards, trucking rates in those areas increase as the supply of drivers goes down, he said.The trucking industry, which initially brushed off the possibility of major impacts, is now preparing for a sharp drop in the number of drivers. Shelley Simpson, CEO of freight shipping company JB Hunt Transport Services Inc., said at a recent conference that shes expecting as many as 400,000 drivers about 11% of the supply to leave the business over the next few years because of enforcement actions, a number she has called meaningful. Commercial truckers face stricter language requirements than regular drivers because their jobs require frequent communication and decision-making as they operate massive vehicles. Trucking experts agree that its critical for drivers to be able to interact and read road signs, with rules on language proficiency dating back decades. But since the Obama administration, violations typically only resulted in citations. That changed after an April executive order from President Donald Trump calling for commonsense rules of the road to be applied to US truckers. Within weeks, the DOT issued new guidance prompting inspectors to place drivers out of service who didnt speak sufficient English. Federal law is clear, a driver who cannot sufficiently read or speak English our national language and understand road signs is unqualified to drive a commercial motor vehicle in America, Duffy said in a press release. Since the policy went into effect in late June, violations have spiked and there have been more than 9,500 cases of drivers being pulled off the road, according to a Bloomberg News analysis of federal data. Texas and Wyoming led the way in enforcement. Drivers in specific commercial zones near the US border are exempt from out-of-service orders, but they may still receive citations. The issue has become increasingly politicized: In August, immigrant trucker Harjinder Singh allegedly tried to make an illegal U-turn onto a southbound lane on the Florida Turnpike. While the trailer was crossing lanes to make the turn, a minivan heading north smashed into it, killing three people. The crash immediately became a flashpoint for the administration, with the Department of Homeland Security saying Singh had entered the country illegally before obtaining a California-issued commercial drivers license. He has pleaded not guilty to charges of manslaughter and vehicular homicide.Secretary of State Marco Rubio announced the suspension of worker visas for foreign truckers, warning that the increasing number of foreign drivers was endangering American lives and undercutting the livelihoods of US-born truckers. Weeks later, Duffys agency issued an emergency rule restricting who was eligible for a non-domiciled commercial drivers license referring to drivers who are neither US citizens nor lawful permanent residents based on immigration status. The rule barred asylees, DACA recipients and refugees from renewing or upgrading their licenses, even if theyd driven legally and safely in the US for years. States that didnt comply would see a loss of federal funding, with California at the top of the list. Duffy has since announced that California is moving to revoke 17,000 of the licenses already issued. His department also has said it would withhold at least $40 million in funding over the states failure to enforce language requirements.There has been tremendous confusion, anxiety, fear among many drivers, said Josh Rosenthal, a workers rights attorney at the Asian Law Caucus, a civil-rights organization serving Asian American and Pacific Islander communities. Thats led to a climate of fear and uncertainty thats unnecessary and is getting in the way of the actual business of transporting goods, he said.When asked for comment, a spokesperson for the Transportation Department referred to Duffys press releases and a social-media post, including one from November in which he vowed to challenge the ruling that paused the restrictions on commercial drivers licenses. We wont stop fighting to keep dangerous, unqualified truck drivers off the road, Duffy said. Iconic JobThere are an estimated 3.5 million truck drivers in the US. As the population voraciously consumes more goods, materials, food and energy, trucks keep those items moving like blood through veins. Trucking jobs were once a gritty slice of Americana. Drivers of the 1970s were cast as modern-day cowboys, growling into CB radios and backed by powerful unions. The career was big in pop culture, too: In 1976, C.W. McCalls truckers anthem Convoy topped the charts with its call to roll this truckin convoy cross the USA.Part of the fascination with it is, you see them driving down the road with whatever and it represents the economy of the US, right? said Kristen Monaco, an economist who studies the trucking market. It represents capitalism. Indeed, truckings centrality to the American economy and culture explains the Trump administrations focus on the industry in the first place. Under Trump, the government has been more active with the industry than any administration since Jimmy Carters, said Gregory Reed, a transportation attorney at law firm Hanson Bridgett. There is no more sort of iconic blue-collar job other than potentially working in agriculture than being a truck driver, Reed said. Trump won the presidency twice by appealing to working-class White Americans who felt left behind in a shifting economy. He centered much of his message on an immigration wave that pushed up the share of foreign-born individuals in the US to the highest since the early 20th century. The trucking industry is no exception to that trend. The share of drivers born in the US dropped from 85% to 80% between 2009 and 2023, according to an analysis Monaco conducted of American Community Survey data. Beneath the swaggering Wild West persona of trucking lore, driving can be a grueling job. Long-haulers spend weeks away from home, often parking on off-ramps to get some sleep. Many struggle with health problems tied to inactivity and poor food options, while wages are no longer as competitive as they once were. In 2022, the average trucker earned less than half what he did in the 1980s, adjusted for inflation, according to the National Transportation Institute.Thaw, a 46-year-old asylum seeker, found a measure of freedom on Americas open roads after fleeing Myanmars military rule. Leaving behind violent government forces bent on wiping out certain ethnic groups, he became a long-haul truck driver for C.R. England, earning around $1,500 a week. I love to travel around so many different places, said Thaw, who asked to go by his first name because of his immigration status. That job is very cool.Thaw is searching for a job closer to his home in the San Francisco Bay area, in hopes he can bring his wife and two sons to the US once his asylum case is settled which may take even longer now that the administration has stopped processing claims. So far, finding a commercial driving job has been an exercise in false hope. He was on track to become a bus driver and even showed up on the first day of orientation, when a recruiter called to tell him he couldnt move forward. In the aftermath of Duffys rule on non-domiciled commercial licenses, the California Department of Motor Vehicles declined to upgrade Thaws license with the necessary endorsement to carry passengers, even after his application had been approved. I feel really upset, he said. This is not my mistake. Hes now driving for Uber while he looks for another job.Policy ConfusionMotor carriers, advocates and truckers have said the language policies are confusing and impossible to prepare for, while also allowing officers to profile truckers. At the center of the controversy is a long-running debate over the link between language ability and road safety.The Commercial Vehicle Safety Alliance removed limited-English ability as an out-of-service factor in 2015 after finding no evidence it created an imminent crash risk. Advocates say the new policy reverses that logic without evidence. It also gives officers broad discretion. What they're told is essentially, you know it when you hear it, said Rosenthal with the Asian Law Caucus. It invites bias on the basis of accents, even for somebody who is perfectly able to understand and communicate in English. Bias in terms of who's even being evaluated for English language proficiency in the first place.The roadside stops can be lopsided, says Munmeeth Kaur, legal director at the Sikh Coalition, a civil rights group involved in tracking the crackdown because about one-fifth of the Sikh population in the US is in the trucking industry.It has kind of allowed for a sort of zealous pursuit by officers of all stripes to engage in this kind of inspection, Kaur said. These interviews are not recorded. You could only imagine the imbalance that this creates.In the case of non-domiciled drivers, the link between roadway safety and immigration status also is dubious. Opponents point out that the Federal Motor Carrier Safety Administrations own rule states that there isnt sufficient evidence to show an empirical relationship between a drivers national identity and safety outcomes. For now, immigrant drivers from many states are in limbo. Although a federal court temporarily paused Duffys rule restricting commercial drivers licenses to certain groups, many states have put them on hold anyway while they wait for clarity.Javier Gomez hauls fresh produce and other ingredients to Bay Area restaurants as a driver for US Foods, one of the largest food distributors in the US. At 24, hes able to pay rent for the house he shares with his girlfriend, who is a full-time nursing student, and her school tuition. Gomez, who immigrated to the US from Mexico before he was six years old, has been authorized to work and eventually get his commercial drivers license through DACA, since he was a teen.Gomez predicts he wont be able to renew his license next year. Hes thinking about backup careers, although he loves driving maybe construction. Hes seen friends and colleagues have their licenses revoked in recent weeks.Its in a matter of seconds that your life can change, he said.

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INDIA MARKET | Wed, 10 Dec 2025, 5:51PM IST Interglobe Aviaition declined 3.12% to end at Rs 4808.35 after the Directorate General of Civil Aviation (DGCA) directed the firm a 10% reduction, up from the earlier 5% cut in the domestic winter schedule 2025 affecting flight operations nationwide.

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INDIA MARKET | Wed, 10 Dec 2025, 5:44PM IST Seven BSE 500 stocks, including Inox Wind, Dixon Technologies, Piramal Pharma and Blue Dart, hit fresh 52-week lows as the Sensex fell 275 points. All saw sharp one-month declines ranging from 8% to 20% amid broader market weakness.

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INDIA BUSINESS | Wed, 10 Dec 2025, 5:42PM IST Indians are travelling for entertainment, boosting music tourism and live events. Premium experiences are growing, with state governments supporting the sector. Cinema remains popular, with regional films and re-releases drawing crowds.

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INDIA BUSINESS | Wed, 10 Dec 2025, 5:38PM IST Volkswagen India is offering early retirement to its 2,300 factory workers as part of a broader restructuring to boost growth in the country. Both plants in Maharashtra are operating below capacity, and the voluntary scheme, supported by worker unions, provides financial incentives based on years of service.

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INDIA BUSINESS | Wed, 10 Dec 2025, 5:37PM IST Backed by strategic LPs, Transition VC says its debut fund has crossed target to close at 700 crore, with early portfolio traction and plans under way for a second fund

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INDIA MARKET | Wed, 10 Dec 2025, 5:37PM IST The offer received bids for 62.65 crore shares as against 45.71 lakh shares on offer.

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INDIA MARKET | Wed, 10 Dec 2025, 5:31PM IST Powered by Capital Market - Live News

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INDIA MARKET | Wed, 10 Dec 2025, 5:21PM IST SBI Mutual Fund, the biggest fund house, has initiated the process for the appointment of merchant bankers and other service providers to facilitate an initial public offering (IPO). The boards of respective shareholders, like SBI and Amundi, and the board of SBI Funds Management Ltd (SBIFML) have approved a timeline of 12 months, SBI Chairman C S Setty told PTI in an interview. "We are very seriously working on that, and in this timeline we should hit the market...we have started the process of identifying the merchant bankers and other service providers," Setty, who is also chairman of SBIFML, said. SBIFML is a joint venture between State Bank of India and Paris-based Amundi, with 61.98 per cent and 36.40 per cent stake, respectively. The fund house managed assets of around Rs 12 lakh crore as of September 2025. The company's two promoters plan to sell a combined 10 per cent stake through the public offering. Last month, SBI approved the offloading of 3,20,60,000 equity shares,

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INDIA MARKET | Wed, 10 Dec 2025, 5:18PM IST Powered by Capital Market - Live News

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INDIA MARKET | Wed, 10 Dec 2025, 5:16PM IST Howard Marks says AI may be a transformational inflection bubble, urging investors to avoid going all-in or all-out. He highlights soaring valuations, circular financing, rising leverage, speculative behaviour and past bubble patterns, advising moderation, prudence and selective exposure amid massive uncertainty.

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INDIA BUSINESS | Wed, 10 Dec 2025, 5:14PM IST Amul has extended its partnership with the Argentina Football Association (AFA) as the Official Regional Sponsor for another season, marking their fourth year of association. This renewed alliance will cover the period leading up to the World Cup 2026. Amul, the first Indian regional sponsor for AFA, expressed pride in continuing to support the FIFA World Cup Champions.

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INDIA MARKET | Wed, 10 Dec 2025, 5:13PM IST The offer received bids for 2.19 crore shares as against 4.18 crore shares on offer.

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INDIA NEWS | Wed, 10 Dec 2025, 5:08PM IST The United Arab Emirates has topped as the worlds strongest passport in 2025, with a mobility score of 179, according to Passport Index data by Arton Capital. UAE passport holders can access the highest number of countries without a prior visa or with visa-on-arrival. Singapore and Spain are in second place with scores of 175, while Belgium, France, Sweden, Germany, the Netherlands, Finland, Luxembourg, Italy, Denmark, Portugal, Switzerland, Greece, Austria, Malaysia, Norway, Ireland, South Korea, and Japan follow closely with scores of 174. India ranks 67th globally, reflecting limited travel freedom compared with top-ranking countries. Top 10 strongest passports in the world, according to Passport Index data by Arton Capital Rank Countries 1 United Arab Emirates 2 Singapore, Spain 3 Belgium, France, Sweden, Germany, Netherlands, Finland, Luxembourg, Italy, Denmark, Portugal, Switzerland, Greece, Austria, Malaysia, Norway, Ireland, South Korea, Japan 4 Poland, Slovenia, Croatia, Slovakia, Hungary, Estonia 5 Malta, Romania, Czech Republic, Bulgaria, Latvia, New Zealand 6 Lithuania, Liechtenstein, Australia 7 Cyprus, Iceland 8 United Kingdom, Canada 9 United States of America 10 Monaco

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INDIA MARKET | Wed, 10 Dec 2025, 5:06PM IST The offer received bids 16.58 lakh shares as against 1.33 crore shares on offer.

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INDIA BUSINESS | Wed, 10 Dec 2025, 5:04PM IST The aviation watchdog has formed a team to monitor IndiGo's operations. This follows large-scale disruptions including thousands of flight cancellations and delays. Crew shortages and new duty rules are cited as reasons. IndiGo is working to stabilize operations and recruit more crew. The regulator has also reduced IndiGo's flight schedule.

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INDIA MARKET | Wed, 10 Dec 2025, 5:04PM IST Vikas Khemani warns that nearly 80% of upcoming IPOs are poor-quality businesses, saying only a handful are worth investor attention. With Indias IPO pipeline touching $20 billion annually, he cautions that supply is outpacing fundamentals, valuations are stretched, and investors must be far more selective amid shrinking listing gains.

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INDIA MARKET | Wed, 10 Dec 2025, 4:52PM IST The domestic equity benchmarks slipped for a third straight session, ending with modest losses after a volatile day of trade. Indices swung between gains and declines as investors booked profits ahead of the U.S. Federal Reserve's policy decision. The Nifty closed below the 25,800 mark, dragged by consumer durables, IT and financial services stocks.

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INDIA BUSINESS | Wed, 10 Dec 2025, 4:48PM IST Nestle India is prioritising technology and consumer needs for growth. The company aims for volume-led expansion across its product range. New factories are expected to drive healthy volume growth. Nestle is investing in brands like Maggi, KitKat, and Nescafe.

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INDIA MARKET | Wed, 10 Dec 2025, 4:47PM IST Brookfield India Real Estate Trust has raised Rs 3,500 crore by selling units to investors and will use this amount to fund the acquisition of a property in Bengaluru.

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INDIA BUSINESS | Wed, 10 Dec 2025, 4:47PM IST Commerce and Industry Minister Piyush Goyal on Wednesday (December 10) said talks with the U.S. on the proposed bilateral trade agreement are progressing

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INDIA MARKET | Wed, 10 Dec 2025, 4:46PM IST The Centre has not cancelled any renewable energy project awards and has prepared no list for future cancellations, MNRE minister Pralhad Joshi told Parliament in a written reply

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