Economy news

• India's trade: Despite global volitality, merchandise exports stay strong; 'demonstrate strength and diversification,' says government

  06-12-2025 10:49 via timesofindia.indiatimes.com
  
  India's merchandise exports show remarkable resilience amidst global economic headwinds, with total exports for April-October 2025 reaching $491.80 billion, a 4.84% rise. While October saw a dip in exports, overall growth indicates strength and diversification. Key import surges were noted from Switzerland, Hong Kong, and China.
  
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• India-EU trade talks: EU delegation to meet Piyush Goyal on FTA progress; issues yet to be ironed out

  07-12-2025 16:41 via timesofindia.indiatimes.com
  
  A European Union delegation is meeting with India's Commerce and Industry Minister Piyush Goyal to review progress on the proposed free trade agreement. Both sides are aiming to conclude talks by year-end, working to narrow differences in critical areas like steel, carbon tax, and automobiles.
  
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• Grid shift: Power minister urges DISCOMs to speed up smart distribution; AI-led, consumer-centric systems pitched

  07-12-2025 15:29 via timesofindia.indiatimes.com
  
  India's power distribution companies must embrace intelligent, reliable, and consumer-focused networks through technology and enhanced engagement, stated Power Minister Manohar Lal Khattar. He urged DISCOMs to collaborate with stakeholders to accelerate smart distribution systems, emphasizing consumer trust and addressing misinformation for wider adoption of AI and ML solutions.
  
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• IndiGo Flight Refund Status: Airline Returns Rs 610 Crore For Cancellations As 8 PM Deadline Nears; Check How To Track Your Refund

  07-12-2025 15:12 via zeenews.india.com
  Indigo Flight Refund Status: The government also instructed IndiGo to locate and return all baggage that got separated from passengers during the disruptions, within 48 hours.  
  
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• Aadhaar checks: UIDAI plans rule to mandate registration for verifiers; push paperless verification

  07-12-2025 14:48 via timesofindia.indiatimes.com
  
  The UIDAI is introducing a new rule mandating registration for entities seeking offline Aadhaar verification, aiming to eliminate paper-based practices like hotels collecting photocopies. Registered entities will gain access to new technology, including QR code scanning and a forthcoming Aadhaar app, for secure, paperless verification. This initiative enhances user privacy and aligns with data protection regulations.
  
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• 'Not accurate': Elon Musk denies $800 billion valuation bid for SpaceX; cites strong cash flow

  07-12-2025 14:46 via timesofindia.indiatimes.com
  
  Elon Musk denied reports that SpaceX is seeking an $800 billion valuation in a share sale, stating the company has been cash flow positive for years and conducts regular stock buybacks. This denial follows claims that SpaceX was set to reach this valuation, which would make it the most valuable private US company, surpassing OpenAI.
  
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• Paint sector watch: Companies expect Q3 volume pickup on better margins; pricing pressure persists

  07-12-2025 14:20 via timesofindia.indiatimes.com
  
  Indian paint companies are anticipating a stronger December quarter, with demand showing signs of revival after a monsoon-affected period. Executives foresee improved volumes and margins, aided by favorable raw material prices and seasonal factors. Despite intense competition from new players, a robust festive season and marriage demand are expected to boost performance.
  
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• Tariffs to put 'America first': Is Donald Trump spelling doom for US? Economics explained

  07-12-2025 13:37 via timesofindia.indiatimes.com
  
  President Donald Trump's "America First" tariff policy has led to record revenue collections, but economic data reveals Americans bear the brunt of the costs. Tariffs are increasingly passed on to consumers and businesses, raising prices and contradicting claims of foreign payment, if rules of economics are studies. This strategy creates a dilemma between political popularity and growing economic burdens on households.
  
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• 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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• Gold rate outlook: Prices stay firm as Fed decision nears; analysts say rupee weakness adds support

  07-12-2025 12:44 via timesofindia.indiatimes.com
  
  Gold prices are poised for gains this week, driven by anticipation of a US Federal Reserve interest rate cut and sustained central bank buying. A weaker rupee further bolsters domestic gold prices, making it more expensive in Indian currency. Meanwhile, silver continues its impressive rally, hitting record highs due to robust industrial demand and tight supplies.
  
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• India’s Forex Reserves Decline USD 1.88 Billion Even As Gold Holdings Increase

  07-12-2025 12:19 via zeenews.india.com
  This follows a sharper decline of USD 4.472 billion in the previous week, reflecting continued pressure on the forex kitty over recent weeks.
   
  
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• Raipur-Vizag Corridor Poised To Propel Growth Across 3 States- Details

  07-12-2025 12:16 via zeenews.india.com
  Raipur-Vizag Economic Corridor: The corridor will also promote tourism and stimulate economic growth through job creation and real estate development, according to a statement issued by the ministry. 
  
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• Home loan surge: SBI’s mortgage book crosses Rs 9 lakh crore; RAM-led demand seen driving 14% credit growth

  07-12-2025 12:16 via timesofindia.indiatimes.com
  
  State Bank of India's mortgage loan book surpassed Rs 9 lakh crore in November, with strong performance in retail, agriculture, and MSME segments. The bank has raised its credit growth guidance to 14% for FY26, driven by robust demand across its loan portfolios. SBI anticipates funding growth without additional equity capital for the next five to six years.
  
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• Harley-Davidson X440T Launched In India With Two New Ride Modes: Check What's New, Specs, Price, And Booking Date

  07-12-2025 11:57 via zeenews.india.com
  Harley Davidson X440 T Price In India: The motorcycle now comes with two new ride modes, Road and Rain. It also offers new colour options, including Pearl Blue, Pearl Red, Vivid Black, and Pearl White.  
  
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• Wakefit Innovations IPO coming: Steadview Cap, WhiteOak, Capital 2B pour in Rs 186 cr; listing expected on December 15

  07-12-2025 11:37 via timesofindia.indiatimes.com
  
  Wakefit Innovations has secured Rs 186 crore from investors like Steadview Capital ahead of its IPO, with shares acquired from existing shareholders. The home furnishings giant also garnered Rs 580 crore from anchor investors. The company's Rs 1,289 crore IPO includes a fresh issue for expansion and an offer for sale.
  
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• Jan Dhan Accounts Now Hold Rs 2.75 Lakh Crore

  07-12-2025 11:04 via zeenews.india.com
  This works out to an average of Rs 4,815 in each account, according to M. Nagaraju, Secretary, Department of Financial Services.
   
  
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• FPI selling continues: Rs 11,820 crore offloaded in December first week; total 2025 outflow touches Rs 1.55 lakh crore

  07-12-2025 10:58 via timesofindia.indiatimes.com
  
  Foreign investors offloaded Rs 11,820 crore from Indian equities in the first week of December, primarily due to a depreciating rupee and global year-end portfolio adjustments. Despite this, domestic institutional investors stepped in, buying Rs 19,783 crore worth of equities. The RBI's rate cut and improved growth forecast offered a brief respite, with attention now on global monetary policy shifts.
  
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• Market recap: Five of top-10 most-valued firms add Rs 72,285 cr in mcap; TCS, Infosys emerge as biggest gainers

  07-12-2025 10:21 via timesofindia.indiatimes.com
  
  Despite a muted market, five of the top ten most valued companies saw their market capitalization expand last week, adding a combined Rs 72,284.74 crore. Tata Consultancy Services and Infosys led the gains, while Reliance Industries experienced the steepest erosion in value.
  
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• IndiGo meltdown deepens: Passengers weep, howl, climb on counters; 650 flights remain cancelled for the day

  07-12-2025 10:03 via timesofindia.indiatimes.com
  
  Indian airports witnessed passenger distress as IndiGo faced widespread flight cancellations and delays due to pilot shortages following new duty rules. Stranded travelers expressed anger and desperation, with major hubs severely impacted. IndiGo is working to stabilize operations, aiming for network recovery by mid-December, while the DGCA investigates planning failures.
  
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• Trump's tariffs hitting US markets? Asian nations turn to Europe for fundraising; 'need to diversify away from dollar'

  07-12-2025 10:01 via timesofindia.indiatimes.com
  
  Asian companies and governments are increasingly tapping European markets for billions in bond issuance, seeking alternatives to US dollar funding amidst trade tensions and shifting investor confidence. This strategic diversification, driven by lower costs and a desire to move away from dollar concentration, signals a potential shift in global capital raising dynamics.
  
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• 5 Top Companies Add Over Rs 72,000 Crore In Market Value Last Week

  07-12-2025 09:38 via zeenews.india.com
  Bharti Airtel, TCS, ICICI Bank, Infosys and Bajaj Finance recorded gains in their market capitalisation, while Reliance Industries, HDFC Bank, State Bank of India, Larsen & Toubro, and Life Insurance Corporation of India (LIC) saw a decline in their valuations.
   
  
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• Global Events, Inflation Data, FII Trends Likely To Drive Indian Markets Next Week

  07-12-2025 08:31 via zeenews.india.com
  Inflation data, foreign investor activity, crucial policy meetings in the US, and India’s ongoing trade negotiations with major global partners are expected to play a central role in determining market direction.
   
  
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• Air India crash: Investigators to meet in US next week; Boeing and other agencies to attend

  07-12-2025 08:26 via timesofindia.indiatimes.com
  
  India is sending accident investigators to Washington to review data and present their analysis on the June Air India crash. The Aircraft Accident Investigation Bureau will join the NTSB and Boeing representatives in a review meeting. This follows reports of tension between Indian and US authorities over the investigation's conduct.
  
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• MF Equity Investments Double In November To Rs 43,465 Crore

  07-12-2025 08:11 via zeenews.india.com
  According to data sourced from SEBI, MFs invested a net Rs 43,465 crore in equities last month -- more than double the Rs 20,718 crore they pumped in during October.
   
  
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• Indigo Airlines Chaos: High-Level Crisis Management Group Formed To Handle Massive Flight Delays, Cancellations

  07-12-2025 08:03 via zeenews.india.com
  Indigo Airlines Chaos: IndiGo said the Crisis Management Group is holding regular meetings and getting constant updates from the management on the steps being taken to stabilise operations.
  
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• IndiGo turbulence: InterGlobe Aviation 'doing everything possible' to ensure refunds; crisis management group set up

  07-12-2025 07:32 via timesofindia.indiatimes.com
  
  IndiGo is grappling with a major operational crisis. Hundreds of flights are cancelled daily, stranding passengers. The aviation regulator has issued show cause notices to the airline's top executives. IndiGo is ordered to process refunds and deliver baggage promptly. Passengers are demanding action under consumer protection laws. The airline is working to stabilize operations and assist customers.
  
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• Why The Economist's word of the year 'Slop' is the perfect choice for 2025

  07-12-2025 07:25 via timesofindia.indiatimes.com
  
  The internet is drowning in content that looks like content but feels like chewing cardboard — tasteless, textureless, and suspiciously repetitive. Welcome to the slopocalypse.
  
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• Warner Bros-Netflix deal: Is the Tudum effect harmful for Indian cinema? 'The risk is two-fold'

  07-12-2025 06:58 via timesofindia.indiatimes.com
  
  India's Multiplex Association warns that Netflix's acquisition of Warner Bros. Discovery could harm the country's theatrical ecosystem. The shift threatens the supply of films crucial for cinema footfall, as Netflix prioritizes streaming over theatrical releases. While immediate impact may be limited, the merger raises concerns about content availability and theatrical windows.
  
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• Elon Musk Refutes Reports That SpaceX Is Raising USD 800 Billion

  07-12-2025 06:44 via zeenews.india.com
  The Wall Street Journal reported that SpaceX is kicking off a secondary share sale that would value the rocket maker at USD 800 billion, surpassing OpenAI to make it the most valuable US private company.
  
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• Fare relief move: Air India waives change, cancellation fees on domestic bookings after IndiGo disruption

  06-12-2025 18:31 via timesofindia.indiatimes.com
  
  Air India is offering relief to travelers affected by IndiGo flight cancellations. The airline announced a special waiver on change and cancellation fees for eligible domestic bookings. This applies to tickets booked on Air India or Air India Express by December 4 for travel up to December 15.
  
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