Category: Business

Business

Numaligarh Refinery accorded Navaratna status, informs Petroleum Minister Hardeep Puri

Posted on By admin
Numaligarh Refinery accorded Navaratna status, informs Petroleum Minister Hardeep Puri

The Numaligarh refinery in Assam. File | Photo Credit: The Hindu Numaligarh Refinery Ltd (NRL) has been accorded ‘Navratna’ status, Union Minister for Petroleum and Natural Gas Hardeep Singh informed on Monday (December 1, 2025). It becomes the 27th Central Public Sector Enterprise (CPSE) to be accorded the status. Reflecting on the recognition to the…

Read More “Numaligarh Refinery accorded Navaratna status, informs Petroleum Minister Hardeep Puri” »

Business

Only one in five candidates accepted PM Internship Scheme offers, and 20% of them quit early

Posted on By admin
Only one in five candidates accepted PM Internship Scheme offers, and 20% of them quit early

PM Internship Scheme’s pilot project has exceeded its target of providing 1.25 lakh internship opportunities in a year, it has found few takers among India’s youth, data presented to Parliament shows. Photo: https://pminternshipscheme.com/ While the PM Internship Scheme’s pilot project has exceeded its target of providing 1.25 lakh internship opportunities in a year, it has…

Read More “Only one in five candidates accepted PM Internship Scheme offers, and 20% of them quit early” »

Business

Wakefit Innovation Ltd fixes IPO price band at ₹185 to ₹195

Posted on By admin
Wakefit Innovation Ltd fixes IPO price band at ₹185 to ₹195

The company will use most of the proceeds of the offer for capital expenditure on 117 new stores, advertising expenses, and the purchase of new equipment for manufacturing. File | Photo Credit: cueapi Wakefit Innovation Ltd, a direct-to-consumer home furniture maker, set the price band for their public ₹1288.89 crore public offer at ₹185 to…

Read More “Wakefit Innovation Ltd fixes IPO price band at ₹185 to ₹195” »

Business

Rupee slumps 42 paise to close at all-time low of 89.95 against U.S. dollar

Posted on By admin
Rupee slumps 42 paise to close at all-time low of 89.95 against U.S. dollar

Image for representational purposes only. | Photo Credit: Reuters The rupee hit the psychological 90-a-dollar level in intraday trade before settling 42 paise down at an all-time low of 89.95 (provisional) against the U.S. dollar on Tuesday (December 2, 2025), largely owing to continued short-covering from speculators and sustained importer demand for the American currency….

Read More “Rupee slumps 42 paise to close at all-time low of 89.95 against U.S. dollar” »

Business

Sensex tanks nearly 504 points and Nifty slips to 26,032 points

Posted on By admin
Sensex tanks nearly 504 points and Nifty slips to 26,032 points

Falling for the third straight session, the 30-share Bombay Stock Exchange (BSE) Sensex tumbled 503.63 points or 0.59% to settle at 85,138.27. File | Photo Credit: Reuters Stock markets declined on Tuesday (December 2, 2025), with the benchmark Sensex tumbling nearly 504 points due to selling in blue-chip bank stocks and Reliance Industries, and persistent foreign…

Read More “Sensex tanks nearly 504 points and Nifty slips to 26,032 points” »

Business

‘Persistent and systemic challenges’ undermine IBC’s full potential: Parliamentary committee

Posted on By admin
‘Persistent and systemic challenges’ undermine IBC’s full potential: Parliamentary committee

Image used for representation purpose only. | Photo Credit: Getty Images/iStockphoto The Insolvency and Bankruptcy Code (IBC) has so far played a significant role in enhancing India’s ease of doing business, but despite its successes, there are “persistent and systemic challenges” that undermine its optimal performance, the Parliamentary Standing Committee on Finance has said. In…

Read More “‘Persistent and systemic challenges’ undermine IBC’s full potential: Parliamentary committee” »

Business

DoT’s WhatsApp SIM-binding mandate faces pushback from Broadband India Forum

Posted on By admin
DoT’s WhatsApp SIM-binding mandate faces pushback from Broadband India Forum

BIF is an industry group which has WhatsApp and its parent firm Meta as members. File | Photo Credit: Reuters The Broadband India Forum (BIF) spoke out against the Department of Telecommunications (DoT)’s mandate last week for WhatsApp and similar apps to perform “SIM binding” and log out web-based instances every six hours. BIF is an…

Read More “DoT’s WhatsApp SIM-binding mandate faces pushback from Broadband India Forum” »

Business

Reliance completes merger of Star Television Productions with Jiostar

Posted on By admin
Reliance completes merger of Star Television Productions with Jiostar

Logo of Reliance Industries Limited. File. | Photo Credit: Reuters Reliance Industries has completed the merger of Star Television Productions Ltd (STPL), a subsidiary of the company, with Jiostar. STPL owns the ‘STAR’ brand and licenses it to group companies. On November 14, 2024, Reliance had intimated about the scheme of arrangement for the merger…

Read More “Reliance completes merger of Star Television Productions with Jiostar” »

Business

Trump’s push for more AI data centers faces backlash from his own voters

Posted on By admin
Trump’s push for more AI data centers faces backlash from his own voters

The residents came in camouflage hats and red shirts signaling unity, more than 300 of them packing into a rural Pennsylvania planning commission meeting to protest a proposed data centre they feared would carve up their farmland and upend the quiet rhythms of their valley. Most were loyal supporters of U.S. President Donald Trump, who…

Read More “Trump’s push for more AI data centers faces backlash from his own voters” »

Business

Rupee slumps 32 paise to all-time low of 89.85 against U.S. dollar in early trade

Posted on By admin
Rupee slumps 32 paise to all-time low of 89.85 against U.S. dollar in early trade

A customer holds hundred rupee notes near a roadside currency exchange stall in New Delhi. File. | Photo Credit: Reuters The rupee depreciated 32 paise to an all-time low of 89.85 against the U.S. dollar in early trade on Tuesday (December 2, 2025), weighed down by the broad strength of the American currency in overseas…

Read More “Rupee slumps 32 paise to all-time low of 89.85 against U.S. dollar in early trade” »

Business