Business

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

Gold and silver prices surged in India amid expectations of a US Fed rate cut and strong festive demand. MCX gold touched Rs 1,25,106 per 10 grams, tracking global gains as investors shifted to safe-haven assets ahead of key US economic data

Trai has advised mobile users to report spam calls and messages through its DND app, saying that blocking numbers on devices does not stop spam at the source. The regulator has already disconnected over 21 lakh numbers based on user complaints

Dr Reddy’s Laboratories has secured European Commission approval for AVT03, its biosimilar of Prolia and Xgeva used in treating osteoporosis and bone-related conditions. Developed by Alvotech, the product will be commercialised by Dr Reddy’s across the US, Europe, and other market

Around 93 per cent of Indian businesses expect positive returns from AI investments within three years, according to a SAP-Oxford Economics report. India leads globally in AI confidence, investing USD 31 million this year, with ROI projected to rise from 15 per cent to 31 per cent by 2027

Sensex and Nifty rebounded in early trade Monday, supported by IT stocks and positive global trends. Investors are monitoring a potential US-India trade deal, while FIIs sold equities and DIIs bought, amid a slight dip in Brent crude prices.

The Indian rupee gained 49 paise to 89.17 against the US dollar on Monday, aided by equity market gains, RBI intervention, and falling crude prices. Analysts warn of potential weakness ahead of an expected India-US trade deal by December-end.

The battle over ownership of Telegraph, a fixture on Britain's media landscape since 1855, began in 2023, when the Barclay family lost control of the company in a dispute with its lenders

Gold and silver prices were highly volatile this week amid easing global trade tensions, stronger US economic data, and fading hopes of a December Fed rate cut. Gold fluctuated sharply on MCX, while silver ended lower despite broader bullish sentiment

India will adopt FY 2022–23 as the new base year for GDP estimates, incorporating new datasets from corporate filings, LLPs, and unincorporated enterprises. The revised methodology aims to improve coverage of private companies, MSMEs, and service sector activities

Nifty and Sensex post modest weekly gains amid earnings surprises, easing inflation, and improved India-US trade outlook; IT leads, metals and realty underperform.

Indian banks need capital expansion, policy reform, and greater autonomy to break into the global big league

The US sanctioned several India-linked individuals and firms for involvement in Iranian petroleum sales, asserting the trade funds Tehran’s terrorist proxies and weapons programmes. The State and Treasury Departments expanded designations to disrupt Iran’s oil networks and intensify pressure under NSPM-2

Reliance Industries has stopped processing Russian crude at its export-only SEZ refinery in Jamnagar, Gujarat, effective November 20, to comply with European Union sanctions. From December 1, all exports will be derived from non-Russian oil, ensuring full compliance ahead of the January 2026 deadline. The move follows US sanctions on Rosneft and Lukoil, Russia’s largest oil exporters, and EU restrictions on fuels made from Russian crude.

Hyderabad is set to become a major hub in TCS’s ambitious AI data centre venture, Hypervault, backed by $2 billion equity from TCS and TPG. The project, part of a $6.5 billion plan to build 1 GW capacity, positions Hyderabad alongside Navi Mumbai and Chennai. TPG’s partnership through its Rise Climate initiative underscores the focus on sustainable, large-scale infrastructure.