Business

A total of 6,385 recognised startups have been categorised as closed as of October 31, according to MCA data. Maharashtra accounts for the highest number. The government said no rise in startup closures has been observed, citing market and business factors

India’s Russian oil imports dropped by nearly a third after new US sanctions took effect on November 21, prompting refiners to cut purchases from designated companies. Analysts expect December arrivals to fall further as India turns to alternative suppliers and opaque trade routes

Samsung reviewing order, may take up concerns with government

India reaffirmed its commitment to strengthening its Comprehensive Strategic Partnership with the UAE as EAM S Jaishankar extended National Day greetings. Recent meetings underscored progress in consular, visa, legal and defence cooperation, reflecting the deepening bilateral relationship.

India recorded a 16 per cent rise in FDI inflows to USD 50.36 billion in the first half of FY26, the highest ever for the period. Minister Jitin Prasada said FTAs, including the EFTA pact securing USD 100 billion investment, are strengthening investor confidence.

Samsung on Tuesday introduced the Galaxy Z TriFold, its first triple-folding smartphone featuring a 10-inch display, strengthened Armor FlexHinge, and the Snapdragon 8 Elite for Galaxy chipset. The slim 3.9 mm device packs a 200 MP camera and Samsung’s largest foldable battery.

Air India said it “regrettable” flew an Airbus A320 at least eight times last month despite an expired airworthiness certificate. The airline has suspended involved personnel and launched an internal probe, as the DGCA investigates the lapse. The aircraft remains grounded.

Apple has appointed AI researcher Amar Subramanya as vice president of AI, reporting to Craig Federighi. John Giannandrea will step down and retire in 2026. Subramanya, formerly at Microsoft and Google, will lead Apple’s Foundation Models, ML research, and AI safety efforts.

Starbucks will pay USD 35 million to over 15,000 New York City workers for violating scheduling laws, as political leaders Zohran Mamdani and Bernie Sanders joined striking baristas. The settlement mandates compliance with Fair Workweek rules and offers reinstatement for laid-off staff.

A closer look reveals that the reforms prioritise employer flexibility over worker security, raising concerns about long-term labour welfare

Let’s not pretend the film industry is purely a victim. When actors charge astronomical fees and producers gamble with 200–300 crore budgets, who ultimately pays? The audience

Sabarimala temple’s collections reached Rs 92 crore in the first 15 days of the Mandala-Makaravilakku season, up 33per cent from last year. Aravana and appam sales contributed significantly, with around 13 lakh devotees visiting the hill shrine till November 30

India’s GST collections rose marginally to Rs 1.70 lakh crore in November, supported by policy reforms and higher import IGST. Net GST revenue grew 1.3per cent, while April–November collections rose 7.3per cent, reflecting steady consumption and economic momentum

The symbiotic relationship between millennials and Gen Z inspires balance & a spirit of innovation and adventure in workplaces

As nations scramble for lithium, cobalt, and rare earths, India must build its own 'Mineral Manhattan Project' to secure its clean-energy future

India, already the world’s fourth-largest economy, is projected to become the third-largest by 2030 with a $7.3 trillion GDP. Strong sectoral growth, softening inflation, and policy reforms are driving sustained economic momentum and global investor confidence

India is in talks with 14 countries or blocs representing 50 nations on fair and balanced trade agreements, Commerce Minister Piyush Goyal said. He highlighted India’s focus on resilient supply chains, self-reliance, innovation, and expanding partnerships through major FTAs

Apple will open its first retail store in Noida on December 11 at DLF Mall of India, marking its fifth outlet in India. The store will feature Apple’s latest devices, expert support, free workshops, and exclusive content ahead of launch.

The Income Tax Department will send SMSs/emails to 25,000 high-risk taxpayers over undisclosed foreign assets. The CBDT urges filing revised ITRs by December 31, 2025, to avoid penalties under the Black Money Act, expanding the nudge campaign nationwide

Benchmark indices extended their rally on Thursday, with the Nifty hitting a new record high on strong global cues, rising expectations of a US Fed rate cut and continued foreign inflows. Asian markets and Wall Street gains further supported sentiment.

The rupee weakened by 2 paise to 89.24 against the US dollar in early trade on Thursday amid increased demand for the greenback from importers. Fresh foreign inflows, easing crude oil prices, and firm domestic equities provided partial support to the currency.

Sensex and Nifty rebounded in early trade on Wednesday after three days of decline, supported by strong global cues and fresh foreign fund inflows. Most Asian markets traded higher, while Brent crude rose and US markets closed on a positive note.

The rupee recovered early losses to trade at 89.20 against the US dollar on Wednesday, supported by foreign inflows and strong domestic equity sentiment. A slightly weaker dollar index helped, though rising crude prices continued to exert pressure on the currency.

President Droupadi Murmu urged Indian Revenue Service officers to ensure tax collection is smooth, transparent, and technology-driven. Highlighting GST reforms, she stressed fairness, innovation, and citizen-friendly systems as crucial for economic growth, entrepreneurship, and nation-building