New Delhi: India’s exports have risen to $38.13 billion in November 2025, a six month high supported by government measures and incentives, despite the 50% US tariffs imposed in August. Overall, exports surged 19.37% in November 2025 compared to the same period last year, according to government data. The depreciating Rupee against the dollar has helped here, as it has helped India get a higher price for its exports despite slowing global demand. Additionally, lower imports of petroleum, gold and coal have helped here, with gold imports declining as much as 60%. Engineering exports from Europe and the US have…
Author: Abizar Attari
Abizar Attari
I’ve always had a fascination with storytelling. Analyzing diverse perspectives and helping people understanding them simply is my life’s motto. I live to create stories that you’d love to read. When I’m not writing, you'll find me having a leisurely stroll on the beach or in the park.
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New York: U.S. prosecutors have charged Ronald Spektor, 23, from Brooklyn, New York, after he tricked almost 100 Coinbase customers into handing over their passwords, resulting in an estimated $15 million worth of cryptocurrency theft. According to a complaint, Spektor started his scheme in April 2023, calling up Coinbase customers to say that they needed to shift their coins to a new wallet due to security risks. Following his arrest on December 4, Spektor has been held on Rikers Island correctional facility, with the demand for bail being $500,000 in cash or a $1 million bond. Investigators interviewed some 70…
Mumbai: Honasa Consumer Limited, the parent company of Ghazal Alagh-led Mamaearth, has announced the completion of two consumer brands, men’s grooming brand Reginald Men for ₹195 crore and a 25% stake in oral care brand Fang Oral in filings to the Bourses on December 11 and 15, respectively. The company is looking to deepen its presence in the personal care and cosmetics vertical beyond its core baby care portfolio. Through these acquisitions, Honasa Consumer aims to build a house of brands using its digital-first playbook. It has been expanding its portfolio in recent years through acquisitions with the likes of…
Mumbai: HDFC Bank has received the Reserve Bank of India’s approval to acquire a 9.5% stake in IndusInd Bank, a move that has put the spotlight on the private lender following its biggest quarterly loss in Q4 FY2024-25. Following this approval, HDFC Bank and its entities including HDFC Pension Fund, HDFC Life Insurance and HDFC Mutual Fund, are expected to collectively acquire about 9.5% in the mid-sized lender. The lender publicly disclosed financial discrepancies in its books in an exchange filing on March 10, 2025 that did not meet existing accounting guidelines, resulting in an impact of around ₹1,577 crore…
New Delhi: Green Hydrogen could become commercially viable in India by 2030, boosting India’s efforts to wean its industries away from highly polluting grey hydrogen, a study by Nuvama and the Council on Energy, Environment and Water (CEEW) revealed. Currently, green hydrogen costs $3.5-4/kg in India, and that could go down to $1.6/kg by 2030, cheaper than the 2.2/kg price for grey hydrogen. Though the current production is mostly catered to the demand for European countries, recent technological improvements and indigenisation could help India reduce its manufacturing costs, the study added. The demand for green hydrogen is set to increase…
Mumbai: Japanese finance major Mitsubishi UFJ Financial Group (MUFG) is reportedly looking to acquire a minority 20% stake in Sriram Finance with an investment of about $3.2 billion. This minority stake is aimed to become one of the largest foreign investments in India’s non-banking financial sector space, which commands about 20% of the total domestic consumer credit market. This development comes six months after Sumitomo Mitsui Banking Corporation (SMBC), another Japanese financial giant, started taking over Mumbai-based Yes Bank from SBI and other domestic investors. MUFG was earlier looking to buy out the bank, but lost out to SMBC. If…
Mumbai: Mid-range Pharmaceutical player Corona Remedies’ listed on the stock market today with a blockbuster 35% gain, significantly outperforming investors’ expectations from the issue. The shares of Corona Remedies debuted at ₹610-615 on the bourses, about 38.42% higher than the issue price of ₹444 per share. This listing is significantly higher than the 27.04% GMP estimated after the issue closed on December 11, indicating strong investor appetite for the branded generics player. The stronger-than-expected debut demonstrated investor confidence in the company, despite concerns of the company’s high price-to-earnings ratio of 35, with its m-cap now reaching almost ₹9,000 crore from…
Mumbai: The Gujarat Mineral Development Corporation Ltd (GMDC) is on track toward operationalising the Baitarni-West Coal mine in Odisha, its first mining venture beyond Gujarat. The Gujarat government-run company’s board of directors has approved the rehabilitation and resettlement (R&R) plan for those likely to be affected by the mine, a step toward its goal to commence production at the mine. The Baitarni-West Coal Block is strategically significant, given its mining reserves of 468 million tonnes, boosting India’s broader energy security goals. The mine’s large reserve base is expected to help GMDC develop a long-life asset capable of supplying significant volumes…
New Delhi: Despite concerns about unreasonable valuations, investors have continued to express confidence in professionally-managed Mutual Funds. According to data released by the Association of Mutual Funds in India (AMFI), equity funds witnessing a 21% month-on-month rise in net inflows. After months of slowing growth, net equity fund inflows have risen to ₹29,911 crore in November from ₹24,690 crore witnessed in October. Amongst the 11 sub-categories of Mutual Funds, Flexi cap funds recieved the highest inflow of ₹8,135 crore, while Dividend and ELSS funds witnessed net outflows. Despite the risks, small-cap funds saw inflows of ₹4,407 crores, a 26.8% rise…
Mumbai: Gautam Adani-led Adani Enterprises Limited (AEL)’s ₹25,000 crore rights issue has been oversubscribed by 108%, with bids for nearly 150 million shares as against the offer size of 138.5 million shares. Most of the demand came from public shareholders who have expressed confidence in the conglomerate’s growth strategy, even as experts remain concerned about the group’s debt-fuelled expansion plans. The rights issue is exclusive to its existing shareholders, where the company issues fully or partly paid up equity shares at a discounted price. In this case, AEL’s shareholders are eligible for three rights shares for every 25 AEL shares…
