Author: Abizar Attari
News Editor

New Delhi: The Indian consumers have taken the government’s pre-Diwali GST gift a bit too seriously.  The reduction in GST rates helped boost auto sales,  with many ditching their indecisiveness to book their dream vehicles. Automakers, on their part, have also played their part, luring customers with attractive offers. According to industry estimates, car sales have risen almost 21% year on year, with up to 4,25,000 cars sold in November 2025. Maruti Suzuki sold almost 1,70,971 units, a rise of 21% from the last month, helping it reduce its inventory. “Our sales last month is the highest-ever we have seen…

Just when the e-commerce boom started, majorly in the early 2010s, leading courier companies were suddenly given an opportunity they couldn’t refuse, of the growing demand to deliver e-commerce orders from the source to the destination anywhere in the country. Till then, the government-run India Post, along with other private courier companies like DTDC, Blue Dart and Gati, had established themselves in the market, but they were unprepared for the unique demands that e-commerce brought to them- live tracking, cash on delivery(COD) management, and the resultant infrastructure needed to make all of it possible. The leading e-commerce players in the…

Mumbai: Silver prices continue to rise post Diwali, as the cheaper cousin to gold has seen its value skyrocket from about ₹95,700/kg in 2024 to more than double that this year. Many long-term investors, wary of investing in overvalued stocks, have turned their attention to the poorer cousin of gold, considering its relative affordability and the hedge it provides for stable growth/ Though there was a slight drop in silver prices post Diwali, dropping to ₹1,72,000/kg from an all-time high on October 15, the demand for silver has remained steady, even after the seasonal surge in demand for the festive…

New Delhi: Following the recent developments in the economy, the Indian Rupee has weakened further against the US dollar, sliding to an all-time low to ₹89.76 this year. The 4% overall decline has been due to consistent foreign capital outlflows, strong import demand for crude, commodities and capital goods that has affected the value of the Rupee. On top of that, higher costs of imported inputs, including in sectors like electronics, chemicals and oil and gas, have seen increased costs further affecting the Rupee. Besides that, an increase in demand for US Dollars has also played its part. “The Indian…

Mumbai: Stockbroker Prabhudas Lilladher has been barred from taking on new assignments for seven days starting form December 15 following SEBIs investigations of multiple compliance issues. Accoridng to the market regulator, Prabhudas Lilladher misrepsented some client account balances, failed to settle client accounts on time and overcharged brokerage beyond the permissible limits.  “The Noticee is prohibited from taking up any new assignment or contract or launching a new scheme, in so far as maybe applicable to it as a SEBI registered Stock Broker for a period of seven (7) days starting from December 15, 2025 (Monday).” The SEBI order issued…

Mumbai: Kolkata-based Tega Industries is all set to acquire a controlling stake in US-based Molycop after it signed a definitive agreement with the American Industrial Partners (AIP) an affiliate of funds that owns the company. With this acquisition, Tega Industries will be able to enhance its market position and expand its operational capabilities in the mining equipment sector. Tega Industries has been raising funds for the $1.45 billion acquisition since September. The company, which is currently worth about ₹12,880 crore is one of India’s leading mining equipment manufacturers, with four manufacturing facilities in India and one each in Chile, South…

This year will be remembered as the year of the IPOs. But not just yet. For December, there are still many companies waiting to raise funds for business expansion or investors looking to cash in on the increased interest in these companies. Here are 4 companies looking to raise money next week. Meesho This rather under the radar e-commerce company has been loved for its highly affordable pricing, especially in towns and smaller cities. Independent sellers, including Small and Medium Enterprises (SMEs) and resellers depend on it for its livelihood, with the company handling supply chain, cataloging and logistics. Over…

Chennai: Employees of real estate firm Casagrand are looking forward to a fully paid holiday to London, as part of its owner Arun Mn’s commitment to sharing wealth with its workforce.  “Every year when we celebrate our people in this special way, it reinforces what Casagrand truly stands for. Our teams are the soul of this organisation, and seeing their happiness, the laughter, the tears of joy, the overwhelming emotions make all of us very proud and happy for the culture we all built in our organisation together,” Arun Mn said in an interaction with HT. The company’s employees will…

Mumbai: Gautam Adani continues to fuel his ambitious expansion on the back of borrowed money. On November 27, Adani Defence & Aerospace, along with Prime Aero announced the acquisition of a majority 73% stake in Flight Simulation Technique Centre (FSTC) for ₹820 crore. This acquisition is aimed at complementing Adani Defence’s Maintenance, Repair and Overhaul (MRO) vertical, given the increasing demand for such services in India. Adani Defence and Aerospace is what it is today because of acquisitions, as it is almost impossible for any company to reach the scale and expand its business purely through organic growth. Since its…

Mumbai: Online gaming platform WinZO’s founders- Soumya Singh Rathore and Paavan Nanda- have been arrested by the Enforcement Directorate (ED) on charges under the Prevention of Money Laundering Act (PMLA). This came a day after both sent an internal message to their employees, saying they were caught up with “something that came our way in an unexpected manner” along with a permanent Work From Home (WFH) for all employees. The ED had previously searched four WinZO locations in Delhi and Gurugram earlier this month while freezing assets worth ₹505 crore in the form of bonds, fixed deposits, mutual funds and…