Economy news

• AceVector IPO: SoftBank-backed Snapdeal parent refiles draft papers with Sebi; plans Rs 300 crore fresh issue

  07-12-2025 13:19 via timesofindia.indiatimes.com
  
  AceVector, backed by SoftBank, has filed updated IPO papers with Sebi, aiming to raise Rs 300 crore through a fresh share issue. Existing shareholders will also sell 6.38 crore shares. Proceeds will bolster technology, marketing, and acquisitions for its e-commerce ventures, including Snapdeal. The company reported strong revenue growth and reduced losses.
  
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• India-US trade talks: US deputy ambassador for trade to visit India; discussions resume this week

  08-12-2025 18:34 via timesofindia.indiatimes.com
  
  US Deputy Ambassador for Trade, Rick Switzer, is set to visit India on December 10-11 for crucial trade talks. Both nations aim to finalize a fair and mutually beneficial bilateral trade agreement, with discussions progressing significantly. This visit is expected to further these efforts, building on previous rounds of negotiations and a shared goal of boosting bilateral trade.
  
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• 8th pay commission: Govt shares major update in Lok Sabha after ToR notification; what’s next for employees and pensioners

  08-12-2025 18:14 via timesofindia.indiatimes.com
  
  Over 50 lakh Central government employees and 69 lakh pensioners will be covered under the 8th Pay Commission, with its Terms of Reference notified on November 3, 2025. The commission, headed by Justice Ranjana Prakash Desai, will examine pay, allowances, and pensions. Implementation timelines and funding will be decided later, following the commission's submission of recommendations within 18 months.
  
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• IndiGo crisis: Rs 827 crore refunds, 1,800+ flights operated; slow recovery explained in key numbers

  08-12-2025 17:46 via timesofindia.indiatimes.com
  
  India's largest airline, IndiGo, is recovering from a week of unprecedented disruption caused by new pilot duty norms. The crisis led to mass flight cancellations, stranded passengers, and significant financial losses, with over Rs 1,396 crore refunded. The government has imposed fare caps to stabilize prices.
  
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• 'Switch Off After Work’: What The Right To Disconnect Bill Really Means For Workers

  08-12-2025 16:28 via zeenews.india.com
  Introduced in Parliament by MP Supriya Sule, the Right to Disconnect Bill, 2025 aims to draw a clear boundary between professional responsibilities and personal life by allowing employees to legally switch off from calls, emails and work communication after official working hours.
   
  
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• Digital dominance: UPI tops global real-time payments with 49% share; govt tells Lok Sabha

  08-12-2025 16:20 via timesofindia.indiatimes.com
  
  India's UPI has cemented its position as the world's largest retail real-time payment system, handling nearly half of global transactions. This remarkable achievement, highlighted by IMF and ACI Worldwide reports, underscores India's digital payment prowess. Government initiatives like incentive schemes and the PIDF have significantly boosted adoption, especially among small merchants, further expanding the digital ecosystem nationwide.
  
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• US market today: Wall street holds near record highs; Warner Bros bidding war lifts stocks ahead of Fed decision

  08-12-2025 16:05 via timesofindia.indiatimes.com
  
  US stocks traded near record highs as investors awaited the Federal Reserve's interest rate decision. Major movers included Warner Bros. Discovery, which jumped on a takeover bid, and Confluent, acquired by IBM. Carvana and others were added to the S&P 500, driving their stock prices higher.
  
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• AI expansion: IBM snaps up Confluent in $11-billion deal; data streaming seen as key to faster AI deployment

  08-12-2025 15:46 via timesofindia.indiatimes.com
  
  IBM is set to acquire data streaming platform Confluent for $11 billion in a cash deal to bolster its artificial intelligence capabilities. The acquisition aims to enable client companies to deploy AI services faster and more effectively by ensuring trusted data movement across diverse environments. This strategic move is expected to close by mid-2026, pending shareholder and regulatory approvals.
  
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• The trillion-dollar shock: What tariff? How Xi Jinping beat Trump in trade war

  08-12-2025 15:05 via timesofindia.indiatimes.com
  
  Despite nearly a decade of US tariffs, China's trade surplus has surged to a record $1.08 trillion, demonstrating its resilience and dominance in global exports. China has successfully restructured its supply chains, rerouted exports to emerging markets, and leveraged currency advantages to bypass tariff barriers, outmaneuvering US trade war strategies.
  
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• Meesho IPO : Grey market premium at 36%; listing set for December 10

  08-12-2025 14:42 via timesofindia.indiatimes.com
  
  Meesho's upcoming stock market debut on December 10th is anticipated to see a strong listing, with shares trading at a significant grey market premium. The e-commerce giant's robust IPO, which saw overwhelming demand across all investor categories, is expected to offer investors a substantial upside. The company's asset-light model and focus on affordability are key highlights.
  
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• 37,000 crore erased in 6 days! IndiGo shares tanked over 16%; here's what brokerages say

  08-12-2025 14:07 via timesofindia.indiatimes.com
  
  InterGlobe Aviation shares plunged, wiping out over Rs 37,000 crore in market value due to operational turmoil from revised Flight Duty Time Limitations. IndiGo faced widespread flight cancellations and passenger disruptions, prompting brokerages to cut target prices amid rising costs and regulatory scrutiny.
  
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• Bad loan clean-up: PSU banks write off Rs 6.15 lakh crore in 5.5 years; Govt informs Lok Sabha

  08-12-2025 13:59 via timesofindia.indiatimes.com
  
  Public sector banks have written off Rs 6.15 lakh crore in loans over five-and-a-half years, a move aimed at balance-sheet cleanup, not waiving borrower debt. This process, following RBI guidelines, allows for continued recovery efforts and tax benefits, strengthening banks' financial positions without impacting liquidity.
  
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• 8th Pay Commission: Govt Lists 1.19 Crore Total Beneficiaries, Including 50 Lakh Staff And 69 Lakh Retirees

  08-12-2025 13:52 via zeenews.india.com
  According to official data shared in Parliament, the next pay revision cycle will impact 50.14 lakh serving central government employees and about 69 lakh pensioners, taking the total beneficiary pool to nearly 1.2 crore individuals.
   
  
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• Switch Off After Work’: What The Right To Disconnect Bill Really Means For Workers

  08-12-2025 13:41 via zeenews.india.com
  Introduced in Parliament by MP Supriya Sule, the Right to Disconnect Bill, 2025 aims to draw a clear boundary between professional responsibilities and personal life by allowing employees to legally switch off from calls, emails and work communication after official working hours.
   
  
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• 8th Pay Commission Numbers Out: Govt Lists 1.19 Crore Total Beneficiaries, Including 50 Lakh Staff And 69 Lakh Retirees

  08-12-2025 13:04 via zeenews.india.com
  According to official data shared in Parliament, the next pay revision cycle will impact 50.14 lakh serving central government employees and about 69 lakh pensioners, taking the total beneficiary pool to nearly 1.2 crore individuals.
   
  
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• India Buys Fuel Where It Is Profitable, Reaffirms Putin's Top Aide

  08-12-2025 12:53 via zeenews.india.com
  This policy, he told the media in Moscow, will continue following Putin's State Visit to India, last week.
   
  
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• 'Significant lapses in planning': Moody's slams IndiGo; terms flight disruptions 'oversight'

  08-12-2025 12:43 via timesofindia.indiatimes.com
  
  Moody's has identified "significant lapses in planning and oversight" at IndiGo following widespread flight disruptions. The airline's parent company, InterGlobe Aviation, saw its shares plummet as investors reacted to operational issues stemming from new pilot duty regulations.These changes, known for over a year, have led to flight cancellations and stranded passengers.
  
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• Ola Electric Stock Crashes 80% From Post-Listing High

  08-12-2025 12:19 via zeenews.india.com
  The stock has also dropped more than 50 per cent from its IPO price of Rs 76 per share.
  
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• Cost Of Home-Cooked Veg, Non-Veg Thalis Falls 13% In November Due To Ease In Input Prices

  08-12-2025 12:08 via zeenews.india.com
  The report from Crisil Intelligence said that tomato prices declined 17 per cent on-year due to higher supplies, while potato prices were down 29 per cent on a high base.
  
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• Asian banks are healthier! Lenders across Asia–Pacific stronger than the US; what Moody’s report shows

  08-12-2025 11:54 via timesofindia.indiatimes.com
  
  Indian banks, particularly private sector lenders, are showcasing robust capital health, surpassing US and Western European counterparts according to Moody's.Their strong internal capital generation and easy access to markets bolster their financial resilience.This positive outlook highlights India's banking sector's growing strength and stability.
  
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• Trump's big claims: US President says tariffs can replace federal income taxes — but do the numbers back him?

  08-12-2025 11:41 via timesofindia.indiatimes.com
  
  President Trump is again suggesting tariffs could replace federal income taxes, claiming rising tariff revenue will eliminate income tax needs. However, federal data shows individual income taxes are the primary funding source, with tariffs contributing a small fraction. Experts deem the proposal mathematically and economically unworkable, citing disproportionate burdens on lower-income households and risks to economic growth.
  
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• Made of money! Billionaire club hits record high — Here's how much their children will inherit over next 15 years

  08-12-2025 11:34 via timesofindia.indiatimes.com
  
  Global billionaires have reached an all-time high in 2025, with their wealth soaring to $15.8 trillion, largely driven by tech gains in AI. Despite this boom, concerns about tariffs and geopolitical tensions persist. A significant wealth transfer is also underway, with trillions set to pass to heirs in the coming years.
  
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• Meesho IPO Allotment Today: Strong 79x Subscription Sets Stage For Big Listing

  08-12-2025 11:31 via zeenews.india.com
  Investors who participated in the issue will soon be able to check whether they have received shares, with the status becoming available on the websites of KFin Technologies, BSE, and NSE.
   
  
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• Gold price today: How much 22K, 24K gold costs today? Check rates for Delhi, Mumbai & other cities

  08-12-2025 11:00 via timesofindia.indiatimes.com
  
  Gold prices saw a slight uptick to Rs 1,30,638 per 10 grams on Monday, while silver futures dipped. Investors are adopting a cautious stance ahead of the US Federal Reserve's crucial policy meeting. Global gold prices remained steady as markets await interest rate cues.Local prices vary across major Indian cities.
  
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• ICICI Prudential AMC IPO: Rs 10,602-crore offer opens December 12; check price band, listing date & other key details

  08-12-2025 10:57 via timesofindia.indiatimes.com
  
  ICICI Prudential AMC has set its IPO price band, valuing the fund house at approximately Rs 1.07 lakh crore. The Rs 10,602-crore offer-for-sale opens on December 12, with shares scheduled to list on December 19. This listing will make it the fifth AMC to go public in India.
  
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• Bank holidays this week: On which days are banks closed in week starting December 8? Check state-wise list

  08-12-2025 10:48 via timesofindia.indiatimes.com
  
  Banks nationwide are observing several closures in December due to regional holidays and observances. This week, specific states will see branches shut for general elections and memorial days. Notably, the second Saturday of the month is a public holiday for all banks. Customers should verify local schedules for in-person services, as online banking remains accessible.
  
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• Crypto Frauds: ED Attaches Proceeds Of Crime Worth Rs 4,189 Crore, Arrest 29 People

  08-12-2025 09:57 via zeenews.india.com
  The government has brought virtual digital assets (VDAs) under the PMLA 2002, making virtual asset service providers (VASPs) reporting entities and required to submit specified and suspicious transaction reports to FIU-IND. 
  
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• Boost for IAF: Tata - Lockheed Martin announce new defence MRO facility in India; to service C-130J aircraft

  08-12-2025 09:42 via timesofindia.indiatimes.com
  
  India's defence aviation is set for a significant upgrade with Tata Advanced Systems and Lockheed Martin inaugurating a dedicated C-130J Super Hercules MRO facility in Bengaluru. This collaboration strengthens in-country sustainment for the Indian Air Force and aims to serve global operators, boosting India's defence manufacturing capabilities and aerospace ecosystem.
  
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• RBI MPC meet: What economic signals prompted the 25 basis points rate cut?

  08-12-2025 09:39 via timesofindia.indiatimes.com
  
  The Reserve Bank of India has cut the repo rate by 25 basis points, signaling a dovish outlook amid slowing growth expectations. This move, coupled with liquidity infusion measures, aims to boost the real economy. Despite strong headline GDP figures, the policy focuses on future growth sustainability, considering moderating base effects and manageable inflation.
  
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• IndiGo Disruptions: Flight Cancellations Leave Patna Passengers Stranded, Railways Steps In

  08-12-2025 09:21 via zeenews.india.com
  Indigo Flight Chaos: An extra Third AC coach will be added to the Tejas Rajdhani and a Second AC coach to the Sampoorna Kranti Express, increasing the number of coaches on both trains from 22 to 23 Dec. 
  
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