Mumbai property market records best-ever November, momentum sustains growth cycle
INDIA BUSINESS | Sun, 30 Nov 2025, 6:42PM IST
Mumbai's property market reached an all-time high in November with 12,219 registrations, a 20% year-on-year increase. This surge, driven by end-user demand and infrastructure upgrades, boosted state revenue by 12% to Rs 1,038 crore. The market shows sustained momentum with a preference for larger, premium homes despite rising prices.
Continue reading at Economic Times
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Centre plans new health and security cess to keep tobacco taxes high as GST compensation levy ends
INDIA BUSINESS | Sun, 30 Nov 2025, 6:03PM IST
India is set to introduce new taxes on tobacco products like cigarettes, pan masala, and gutkha. This move comes as the Goods and Services Tax compensation cess concludes. Finance Minister Nirmala Sitharaman will present a new bill and an amendment to the Central Excise Act. The aim is to maintain the current tax levels on these items.
Continue reading at Economic Times
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Bandhan Bank's 7,000 crore MFI portfolio sale evokes interest from ARCs
INDIA BUSINESS | Sun, 30 Nov 2025, 5:44PM IST
At right price, ARCs are eager to acquire the portfolio
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NTT DATA to reskill all employees in India to make AI-native developers
INDIA BUSINESS | Sun, 30 Nov 2025, 5:25PM IST
NTT DATA aims to reskill all its employees in India to become AI-native developers, leveraging the country's vast engineering talent pool to scale Gen AI capabilities globally, a company spokesperson has said.
It also intends to tailor its services to meet the country's unique requirements for cost sensitivity and data sovereignty/confidentiality, according to another company spokesperson.
The global IT services company, which offshores engineering resources from India, currently employs over 40,000 individuals in the country.
"India is one of the most important countries for the future... we have more than 40,000 employees in India, and our plan is to reskill all of them in order to be... AI-native developers," Carlos Galve, Head of the Global Generative AI Office, NTT DATA Corporation, told PTI.
The reskilling programme will focus on boosting productivity to support global projects.
"...the same number of people who can support, for example, 10 projects... can support 20 or 100
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Wakefit Innovations to float IPO on December 8; eyes 1,400 crore
INDIA MARKET | Sun, 30 Nov 2025, 5:25PM IST
Home and furnishings company Wakefit Innovations Ltd is gearing up to launch its initial public offering (IPO) on December 8 to raise around Rs 1,400 crore.
The company's maiden public offering is a combination of a fresh issue of equity shares aggregating up to Rs 377.1 crore and an offer-for-sale (OFS) of 4.67 crore shares by the selling shareholders, according to the red herring prospectus (RHP).
As part of the OFS, the promoters -- Ankit Garg and Chaitanya Ramalingegowda and other selling shareholders -- Nitika Goel, Peak XV Partners Investments VI, Redwood Trust, Verlinvest S.A., SAI Global India Fund I LLP and Paramark KB Fund I -- will be offloading shares.
Market sources said that the total issue size would be around Rs 1,400 crore.
The IPO of the Bengaluru-based company will conclude on December 10, and anchor investors will be allocated shares on December 5, the RHP noted.
Wakefit proposes to utilize the proceeds from the fresh issue, worth Rs 31 crore, for setting up 11
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CII flags $1 tn green funding gap, seeks new finance body in Budget 2026
INDIA NEWS | Sun, 30 Nov 2025, 5:23PM IST
Industry body calls for a GIFT City-based intermediary to scale green capital, recycling and fast-track clearances
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Every state has execution challenges, more bullish on Maharashtra: Avaada
INDIA BUSINESS | Sun, 30 Nov 2025, 5:12PM IST
Renewables-focused Avaada Group is "more bullish" on Maharashtra, a top official has said, pointing out that every state will have execution challenges that have to be dealt with.
The group, which runs over 6 GWp of solar and wind assets across India at present, was able to execute a project to build solar power equipment at Butibori near Nagpur in record time, the official said.
".. We are more bullish on Maharashtra because now, single window is (there) in the true sense," Vineet Mittal, the group's chairman, told PTI, pointing out that the facility near Nagpur is testimony to the same.
Maharashtra is among the six states having large quantities of barren land, which offers the land bank for renewable companies, he added.
Nearly a year ago, the name of Avaada was in the news after the gruesome murder of one Santosh Deshmukh in the backward Marathwada region's Beed district, allegedly after a tiff outside a wind power project by local goons.
As per some reports, Deshmukh's allege
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Mumbai property registrations mark best Nov since 2013, revenue up 12 pc
INDIA MARKET | Sun, 30 Nov 2025, 4:48PM IST
During this period, registrations grew 5 per cent year-on-year and revenue increased 11 per cent, showing the city's solid real estate activity throughout the year
Continue reading at Economic Times
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Lodha Developers to launch Rs 14K cr worth housing projects in 2nd half of FY26
INDIA MARKET | Sun, 30 Nov 2025, 4:46PM IST
During the first six months of this fiscal, the company's sales bookings or pre-sales increased by 8 per cent to Rs 9,020 crore from Rs 8,320 crore in the corresponding period of the preceding year
Continue reading at Economic Times
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Avaada says every state has execution challenges, more bullish on Maharashtra
INDIA BUSINESS | Sun, 30 Nov 2025, 4:44PM IST
Avaada Group expresses strong optimism for Maharashtra's renewable energy sector. The company highlights the state's effective single-window clearance system and ample barren land as key advantages. Avaada acknowledges that execution challenges are common in all Indian states. The group emphasizes its commitment to ethical operations and timely project commissioning, even with minor cost escalations.
Continue reading at Economic Times
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Gold could retest record highs as traders eye Powell's speech, RBI policy: Analysts
INDIA COMMODITIES | Sun, 30 Nov 2025, 4:43PM IST
Gold prices are poised to remain firm and could edge closer to record highs next week as investors await key US data, Federal Reserve Chair Jerome Powell's speech and the Reserve Bank of India's policy decision, analysts said
Continue reading at Economic Times
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Kohli breaks Sachin's record of most centuries by a batter in single format
INDIA MARKET | Sun, 30 Nov 2025, 4:19PM IST
Kohli is now 17 centuries away from Sachin's record of 100 international centuries
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Wakefit to float IPO on December 8; eyes Rs 1,400 crore
INDIA MARKET | Sun, 30 Nov 2025, 4:19PM IST
Home furnishings company Wakefit Innovations Ltd is set to launch its initial public offering on December 8. The company aims to raise approximately Rs 1,400 crore through a combination of fresh equity issuance and an offer-for-sale. Proceeds will fund new stores, equipment, and marketing. Wakefit, established in 2016, is a fast-growing player in India's home and furnishings market.
Continue reading at Economic Times
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Private equity, venture capital investments hit $5.3 bn in October: EY-IVCA
INDIA BUSINESS | Sun, 30 Nov 2025, 4:06PM IST
Private equity and venture capital (PE/VC) investments in India touched USD 5.3 billion across 102 deals in October 2025, marking a 9 per cent rise year-on-year, according to the EY-IVCA monthly roundup.
"The number of deals decreased to 102 in October 2025, a 9 per cent year-on-year (112 deals in October 2024) and 30 per cent decline month-on-month (145 deals in September 2025)," said Vivek Soni, Partner and National Leader, Private Equity Service, EY.
Pure-play PE/VC investments hit a 13-month high of USD 5 billion - an 81 per cent increase over October 2024 - while real estate and infrastructure investments fell sharply by 86 per cent.
Private investments in public equity (PIPE) emerged as the dominant deal category, surging nearly ten-fold to USD 2.1 billion. Startup investments followed at USD 2 billion, up 175 per cent year-on-year. Growth investments fell to USD 810 million, while buyouts remained flat at USD 227 million.
Credit investments dropped 90 per cent to USD 189 ...
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All airlines have updated their software on A320 family planes: DGCA
INDIA MARKET | Sun, 30 Nov 2025, 4:05PM IST
In a statement, the regulator said a total of 323 A320 family planes of IndiGo, Air India and Air India Express - which are "operational" - have been upgraded
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UPI payments in India register steady growth YoY in November 2025
INDIA BUSINESS | Sun, 30 Nov 2025, 4:01PM IST
Unified Payments Interface, or UPI, has seen a significant surge in transactions. In November 2025, UPI recorded over 19 billion transactions valued at Rs 24.58 lakh crore. This marks a substantial increase from previous years, highlighting the growing adoption of digital payments across India. The platform continues its upward trajectory, solidifying its role in the nation's payment ecosystem.
Continue reading at Economic Times
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Wakefit to float IPO on December 8; aims to raise 377 crore via fresh issue
INDIA BUSINESS | Sun, 30 Nov 2025, 3:58PM IST
The IPO of the Bengaluru-based company will conclude on December 10, and anchor investors will be allocated shares on December 5, according to the Red Herring Prospectus
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INDIA BUSINESS | Sun, 30 Nov 2025, 3:51PM IST
Rising input costs threaten India's manufacturing ambitions, despite a projected surge in aluminium demand. A new study reveals current import duties disadvantage MSMEs, hindering their competitiveness against cheaper international products. Duty rationalisation is urged to boost MSME growth, create jobs, and enhance India's position in global markets, aligning with national industrial goals.
Continue reading at Economic Times
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Lodha Developers to launch Rs 14K cr worth housing projects in Q2FY26
INDIA BUSINESS | Sun, 30 Nov 2025, 3:31PM IST
Realty firm Lodha Developers Ltd plans to launch 15 housing projects worth Rs 14,000 crore in the second half of the current fiscal to expand its business.
Mumbai-based Lodha Developers is one of the leading real estate companies in the country. It sells properties under Lodha brand.
According to its latest investors' presentation, Lodha Developers plans to launch 10 million sq ft area for sales across 15 projects during the second half of the 2025-26 fiscal.
These projects are located in the Mumbai Metropolitan Region (MMR), Pune and Bengaluru.
During the first quarter of this fiscal, Lodha Developers had launched projects worth Rs 8,300 crore, while it launched projects valuing Rs 4,900 crore in the second quarter of the 2025-26.
"Significant launches planned in H2 across cities, on track to meet our FY26 pre-sales guidance of Rs 21,000 crore," the presentation said.
Lodha Developers' pre-sales or sales bookings rose 7 per cent to Rs 4,570 crore in the second quarter of this fi
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Two Retail Chiefs Take Stock of a Make-or-Break Holiday Shopping Season
GLOBAL NEWS | Sun, 30 Nov 2025, 3:30PM IST
The leaders of Nordstrom and Selfridges are dealing with tariffs, a tough economy and a fight for relevance.
Continue reading at The New York Times
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Silicon Valleys Man in the White House Is Benefiting Himself and His Friends
GLOBAL NEWS | Sun, 30 Nov 2025, 3:30PM IST
David Sacks, the Trump administrations A.I. and crypto czar, has helped formulate policies that aid his Silicon Valley friends and many of his own tech investments.
Continue reading at The New York Times
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