Business

The rupee remained volatile in early trade amid easing crude oil prices and sharp intraday recovery, but uncertainty over the India-US trade deal and sustained foreign fund outflows kept pressure on the currency despite supportive domestic equity market cues

A bipartisan group of US senators has introduced the Decreasing Russian Oil Profits (DROP) Act, proposing financial sanctions on foreign entities purchasing Russian oil to curb Moscow’s war funding, while allowing limited exemptions for countries that support Ukraine.

Sebi has launched recovery proceedings to collect Rs 18.14 crore from ‘Baap of Chart’ Mohd Nasiruddin Ansari and others for running unregistered investment advisory services. The regulator has frozen bank, demat and mutual fund accounts and barred asset transfers

Paris-based World Inequality Lab’s 2026 report paints a grim picture of highly skewed wealth distribution, urging nations to rethink their growth models

Karnataka’s cinema ticket ceiling ignores how competition from gaming, live entertainment, and a sprawling OTT landscape already checks pricing

The rupee has fallen from 90 a dollar to 91 in the last 10 trading sessions, and according to forex traders, the Indian currency might even cross the 92 per dollar-mark in December

The Delhi High Court has sought a response from the DGCA on a contempt plea filed by the Indian Pilots Guild, alleging non-implementation of revised flight duty time norms and granting of relaxations that compromise pilot fatigue management and passenger safety

HDFC Bank has received RBI approval to raise its stake in IndusInd Bank up to 9.5 per cent. The clearance is subject to compliance with banking, securities and foreign exchange regulations, and bars board representation

India’s unemployment rate fell to a seven-month low of 4.7 per cent in November 2025, driven by stronger rural employment and rising female participation, signalling improving labour market conditions despite urban joblessness remaining higher

India has sought consultations with the European Union at the WTO over safeguard measures imposing import quotas on certain ferro-alloy elements. New Delhi said the curbs would impact Indian exports, even as India and the EU negotiate a free trade agreement

In Amman, Prime Minister Narendra Modi invited Jordanian companies to invest in India, highlighting its 8%+ growth and emerging sectors like healthcare, dry-climate farming, and food infrastructure. He emphasized long-term India-Jordan economic cooperation and mutual benefits for businesses and citizens

Indian equities opened lower as Sensex and Nifty fell amid persistent foreign fund outflows, weak global cues and risk-off sentiment. Asian and US markets declined, while select stocks gained. FIIs sold, DIIs supported, limiting deeper downside during early Tuesday trade

Elon Musk has become the first person to cross a $600 billion net worth, driven by rising valuations of SpaceX, Tesla and xAI. The billionaire is now widely seen as moving towards becoming the world’s first trillionaire.

Calling Rs 90 per dollar ‘“not a big concern’ may calm markets, but it masks deeper structural flaws in the economy

India has proposed a preferential trade agreement with Mexico to mitigate the impact of steep import tariffs on Indian goods. The move aims to secure limited concessions quickly, protecting key export sectors affected by Mexico’s revised tariff regime

India and the US are close to finalising a framework trade deal to address high tariffs, Commerce Secretary Rajesh Agrawal said. Parallel talks are also underway on a comprehensive bilateral trade agreement to deepen economic ties

The Enforcement Directorate questioned Yes Bank co-founder Rana Kapoor in connection with a money laundering probe involving Reliance Anil Ambani Group companies, suspecting a quid pro quo linked to high-value bank exposure and investments that later turned non-performing

South African spinner Simon Harmer and India batter Shafali Verma were named ICC Players of the Month for November after match-winning performances in the World Test Championship and Women’s World Cup respectively, underlining their impact in landmark series and tournament victories.

Indian businesses must urgently modernise data strategies to unlock AI’s full potential, with poor-quality and siloed data undermining outcomes, a Salesforce report said. Nearly nine in 10 data leaders stressed the need for better governance, integration and context-rich data.

Equity benchmark indices Sensex and Nifty declined in early trade on Monday amid weak global cues, persistent foreign fund outflows and uncertainty over the India-US trade deal. Asian markets traded lower, while the rupee slipped to a record low against the dollar.

The rupee fell to a record low of 90.58 against the US dollar in early trade on Monday, pressured by uncertainty over the India-US trade deal, sustained foreign fund outflows, weak equities and continued dollar selling by the RBI.

Maruti Suzuki plans to localise battery production and critical EV components, expand charging infrastructure, and launch multiple electric models, including e-VITARA, to boost consumer confidence. The company targets five EVs by FY30 and 1 lakh charging stations nationwide

Telangana’s debt has escalated sharply under the Congress government, crossing Rs 7.48 lakh crore in just over two years. Of this, Rs 1.45 lakh crore was raised in the current fiscal alone, with both FRBM and off-budget loans contributing to the surge.

Television prices may rise from January as a global memory chip shortage and a weakening rupee drive up import costs. Industry players warn that sustained pressure from AI-driven chip demand could further impact prices despite recent GST cuts