India's CAD eases to 1.3% in Q2; gold import surge may widen Q3 gap
INDIA NEWS | Mon, 1 Dec 2025, 9:55PM IST
India's current account deficit narrowed sharply in Q2FY26 on lower trade gaps and strong remittances. But a spike in gold imports in October could push the Q3 deficit above 2.5 per cent of GDP
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NCLT asks Brookfield to renew performance guarantee for IL&FS HQ
INDIA BUSINESS | Mon, 1 Dec 2025, 9:53PM IST
The NCLT Mumbai has ordered Brookfield Asset Management to renew its performance guarantee for IL&FS' headquarters within 30 days, preventing bid disqualification. Brookfield emerged as the highest bidder at Rs 1,080 crore in March 2022. The tribunal ruled the Letter of Intent a concluded contract, despite IL&FS' revaluation and request for a revised offer.
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U.S. Pushes U.K. to Spend More on Medicines in Deal to Avoid Tariffs
GLOBAL NEWS | Mon, 1 Dec 2025, 9:46PM IST
President Trump has complained that wealthy countries like Britain pay too little for drugs, leading America to bear much of the burden of the costs of medicines.
Continue reading at The New York Times
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Complaints against PSU banks fell, pvt banks rise in FY25, RBI data shows
INDIA BUSINESS | Mon, 1 Dec 2025, 9:46PM IST
Private sector banks saw their share of complaints rise to 37.53% in 2024-25, surpassing public sector banks. The RBI received 2.96 lakh complaints, with loans and advances, credit cards, and deposit accounts being the top issues. The ombudsman resolved 2.90 lakh complaints, with over 62% deemed maintainable.
Continue reading at Economic Times
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GST benefits propel November auto wholesales
INDIA BUSINESS | Mon, 1 Dec 2025, 9:45PM IST
Most of the top auto companies reported over 20% growth YoY indicating robust performance
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26m
Sebi to simplify offer document summary to encourage informed investor feedback
INDIA MARKET | Mon, 1 Dec 2025, 9:29PM IST
Markets regulator Sebi is looking to rationalise and simplify the offer document summary to encourage informed investor feedback and reduce reliance on unverified tips, its chairman Tuhin Kanta Pandey said on Monday.
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Nvidia takes $2 billion stake in chip design software maker Synopsys, shares drop
INDIA MARKET | Mon, 1 Dec 2025, 9:28PM IST
Nvidia has invested $2 billion in chip design software maker Synopsys, securing a significant stake and expanding a multi-year partnership. This collaboration aims to jointly develop new tools for AI-driven product design across various industries. The deal strengthens Synopsys' position, while Nvidia seeks to leverage its influence in the AI compute market.
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Ahead of Market: 10 things that will decide stock market action on Tuesday
INDIA MARKET | Mon, 1 Dec 2025, 9:08PM IST
Markets hit fresh record highs before slipping into mild losses as pharma and financial weakness offset support from autos and IT. Analysts flagged consolidation, cautious sentiment and key support levels despite strong GDP data, while global cues remained weak.
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1h
Hero MotoCorp sales up 31 per cent in November
INDIA BUSINESS | Mon, 1 Dec 2025, 9:06PM IST
Hero MotoCorp saw a significant jump in sales for November. The company sold over 6 lakh units, a 31 percent increase compared to last year. Domestic sales also rose substantially. Exports showed strong growth, contributing to the overall positive performance. This marks a successful month for the two-wheeler giant.
Continue reading at Economic Times
1h
For No Tax on Tips, the I.R.S. Gets Intimate
GLOBAL NEWS | Mon, 1 Dec 2025, 9:05PM IST
The Trump administration wants to exclude earnings from pornographic activity from a new tax break for tips. Will the I.R.S. know it when it sees it?
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1h
NCLT dismisses Chronos Properties' Rs 1,080 cr bid for IL&FS flagship BKC property
INDIA BUSINESS | Mon, 1 Dec 2025, 8:59PM IST
The National Company Law Tribunal (NCLT), Mumbai Bench, in its order on November 28, disposed of the application filed by Chronos seeking enforcement of the Rs 1,080 crore bid to acquire the IL&FS Financial Centre at BKC.
Continue reading at Economic Times
1h
College Students Choosing A.I. Majors Over Computer Science
GLOBAL NEWS | Mon, 1 Dec 2025, 8:55PM IST
At M.I.T., a new program called artificial intelligence and decision-making is now the second-most-popular undergraduate major.
Continue reading at The New York Times
1h
Its Your Duty to Pay the Duty: Buyers Hit With Extra Charges on Packages
GLOBAL NEWS | Mon, 1 Dec 2025, 8:47PM IST
The end of a tariff exemption on goods worth $800 or less has left some U.S. shoppers with an extra shipping bill that must be paid before delivery.
Continue reading at The New York Times
1h
Market Trading Guide: Buy Paytm, Bank of Baroda and 2 more stocks on Tuesday for up to 13% gains
INDIA MARKET | Mon, 1 Dec 2025, 8:46PM IST
Nifty reversed from its lifetime high and closed lower despite strong GDP data, signalling extended consolidation. Analysts expect sideways movement with mild bearishness and highlight KPIT, Bank of Baroda, Paytm and Rico Auto as potential trading opportunities based on technical setups.
Continue reading at Economic Times
1h
Foreign Direct Investments rise 18% to $35.18 billion in April-September; inflows from U.S. double
INDIA BUSINESS | Mon, 1 Dec 2025, 8:38PM IST
Investments from overseas during the April-September period of the previous fiscal stood at $29.79 billion
Continue reading at The Hindu
1h
IRB Infrastructure approves sale of Gandeva Ena project for 513 crore
INDIA BUSINESS | Mon, 1 Dec 2025, 8:35PM IST
IRB Infrastructure on Monday said its board has approved the sale of its Gandeva Ena (VM7) hybrid annuity model project, which forms part of the upcoming Delhi Mumbai Greenfield Expressway Project, to IRB InvIT Fund for Rs 513 crore.
IRB Infrastructure, in a statement, said it will receive Rs 513 crore as 100 per cent equity consideration from the IRB InvIT Fund upon completion of the transfer, and the project debt will also be transferred.
Consequently, IRB's consolidated net debt-to-equity ratio will see a meaningful improvement, it added.
According to the statement, the Company has also agreed to be the project manager of VM7 Project, post transfer to Public InvIT.
The Gandeva Ena HAM Project is an eight-laning revenue-generating stretch in the State of Gujarat under NHAI's Package-VII of India's ambitious Bharatmala Pariyojana, which is being managed by VM7 Expressway Private Limited, a wholly-owned subsidiary of the Company, under a concession awarded by the National Highways
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1h
India needs new livelihood architecture, not more schemes: Report
INDIA NEWS | Mon, 1 Dec 2025, 8:34PM IST
Climate resilience, despite being the defining challenge of the next decade, has not been mainstreamed into livelihood design
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1h
Centre to sell up to 6% stake in Bank of Maharashtra via OFS for 2,500 cr
INDIA BUSINESS | Mon, 1 Dec 2025, 8:31PM IST
The Centre plans to offload up to 6% in Bank of Maharashtra through an OFS, including a 1% green-shoe option, potentially raising around Rs 2,500 crore and reducing government holding below 75%
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1h
DreamFolks Services to acquire 60.24% stake in Dubai's Easy to Travel
INDIA MARKET | Mon, 1 Dec 2025, 8:26PM IST
The Rs 36 crore acquisition aims to diversify services and strengthen digital delivery via ETT's global airport network
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1h
IIP growth slips to 14-month low of 0.4% in October as output weakens
INDIA NEWS | Mon, 1 Dec 2025, 8:26PM IST
India's industrial output slowed sharply to 0.4 per cent in October-the weakest in 14 months-hit by fewer working days, a decline in electricity generation
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1h
Railways records 4.2% higher freight loading in November 2025
INDIA BUSINESS | Mon, 1 Dec 2025, 8:23PM IST
Indian Railways achieved record freight loading and earnings in November 2025. Freight volume rose 4.2 percent year-on-year, with earnings reaching an all-time high. Passenger numbers also saw a significant increase. This performance reflects strong demand and improved operational efficiency. The transporter surpassed the one-billion-tonne freight loading milestone. Key commodities like coal and iron ore contributed substantially to this success.
Continue reading at Economic Times
1h
Domestic PV industry grows 20.7% in November on lower post-GST prices
INDIA MARKET | Mon, 1 Dec 2025, 8:20PM IST
Banerjee said that the wholesales in December are also expected to be good as the production team is working overtime to satisfy the high demand
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1h
INDIA BUSINESS | Mon, 1 Dec 2025, 8:20PM IST
Interest rates on term deposits above 7% significantly dropped to 54% by September, reflecting the RBI's policy rate cuts. Loans linked to external benchmarks also saw immediate rate reductions. Public sector banks' deposit share increased, while Maharashtra led in deposit mobilization.
Continue reading at Economic Times
1h
No proposal on merger or consolidation of banks before govt presently: MoS Finance
INDIA BUSINESS | Mon, 1 Dec 2025, 8:18PM IST
The government has stated that no proposals for merging or consolidating state-owned banks are currently being considered. Foreign Direct Investment limits for public and private sector banks remain at 20 percent and 74 percent respectively. Disinvestment of IDBI Bank will proceed as approved by the CCEA. Regional Rural Banks have shown improved financial health, posting significant profits.
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1h
No proposal on merger of banks: MoS Fin
INDIA NEWS | Mon, 1 Dec 2025, 8:18PM IST
There is presently no proposal on merger or consolidation of state-owned banks before the government, Parliament was informed on Monday. "Presently, no proposal on merger or consolidation of Public Sector Banks (PSBs) is under consideration of the Government," Minister of State for Finance Pankaj Chaudhary said in a written reply in the Lok Sabha. Replying to another question, he said, the Foreign Direct Investment (FDI) limit in PSBs and private sector banks is 20 per cent and 74 per cent, respectively, as per the extant guidelines/ Foreign Exchange Management (Non-Debt Instruments) Rules 2019. "FDI is considered as a major source of non-debt financial resource for the economic development, leading to long-term sustainable capital in the economy and contributes towards technology transfer, development of strategic sectors, greater innovation, competition and employment creation and supplement domestic capital, technology and skills for accelerated economic growth and development," he said. In a separate reply, Chaudhary said the disinvestment of IDBI Bank will be carried out as per the CCEA approval. The Cabinet Committee on Economic Affairs (CCEA) in its meeting on May 5, 2021, has given 'in principle' approval for the strategic disinvestment along with transfer of management control in IDBI Bank Ltd of such extent of shareholding in Government of India and LIC as may be decided in consultation with LIC and within the framework agreed to by the RBI, he said. Pursuant to the CCEA's approval in May 2021 for strategic disinvestment along with transfer of management control in IDBI Bank, he said, 60.72 per cent of IDBI Bank's equity is being offered for strategic disinvestment with transfer of management control, wherein the Government of India is offering 30.48 per cent (post sale GOI's residual equity to be 15 per cent) and Life Insurance Corporation of India (LIC) is offering 30.24 per cent equity for disinvestment (post sale LIC's residual equity to be 19 per cent). In March 2025, he said, IDBI Bank had outstanding capital and liabilities of approximately Rs 4.11 lakh crore, which were backed by total assets (tangible and intangible) of the same amount. Replying to another question, Choudhary said financial health of Regional Rural Banks (RRBs) has improved in the recent years as they have posted highest ever consolidated net profit of Rs 7,571 crore during FY24, followed by second highest net profit of Rs 6,825 crore during FY25, he said. This decline was due to the implementation of the pension scheme with retrospective effect from November 1, 1993, and payments towards the computer increment liability, he said.Also, he said the RRBs have shown consistent improvement in key financial parameters like Capital to Risk Weighted Assets Ratio (CRAR), Deposits, Advances, Non-Performing Assets (NPA), Credit-Deposit Ratio (CD ratio), etc.
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1h
Govt to divest up to 6% stake in Bank of Maharashtra, eyes 2,600 cr
INDIA MARKET | Mon, 1 Dec 2025, 8:13PM IST
At the current market price, the government would be able to garner about Rs 2,600 crore by offloading up to 6 per cent stake in the bank
Continue reading at Business Standard
1h
FDI rises 18% to $35.18 billion in April-Sept; inflows more than double
INDIA NEWS | Mon, 1 Dec 2025, 8:08PM IST
Foreign direct investments (FDI) in India rose 18 per cent to USD 35.18 billion during April-September of this fiscal year, while the inflow from the US more than doubled to USD 6.62 billion during the period, according to the latest government data released on Monday.
Investments from overseas during the April-September period of the previous fiscal stood at USD 29.79 billion.
During the preceding June-September quarter of 2025-26, the inflows increased by over 21 per cent per cent year-on-year to USD 16.54 billion.
Continue reading at Business Standard
2h
US stocks edge lower ahead of Fed's Powell's speech, manufacturing data
INDIA MARKET | Mon, 1 Dec 2025, 8:07PM IST
Wall Street's main indexes opened lower on Monday as investors stood on the sidelines ahead of fresh economic data and a closely watched speech from Federal Reserve Chair Jerome Powell to gauge the central bank's policy decision later this month.
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