Economy news

• PPF New Rules: What If You Open Second Account By Mistake? Check Interest Rates For FY 2024–25

  04-05-2025 12:12 via zeenews.india.com
  
  PPF Account New Rules: The default tenure is 15 years, with the option to extend in blocks of five years. Investors can contribute between Rs 500 and Rs 1.5 lakh annually. 
  
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• Mitsubishi announces $4.4bn Shriram deal

  19-12-2025 23:33 via timesofindia.indiatimes.com
  
  Japan's MUFG is acquiring a 20% stake in Shriram Finance for $4.4 billion, marking the largest FDI in India's financial services. This strategic partnership will enhance SFL's capital adequacy and balance sheet, leveraging MUFG's global expertise and financial strength for long-term growth and improved credit ratings.
  
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• Rs 1.3L cr mcap: I-Pru MF most valued Indian fund house

  19-12-2025 23:27 via timesofindia.indiatimes.com
  
  ICICI Prudential Asset Management Co debuted on Friday with a 20% premium, becoming India's most-valued fund house. The IPO, one of the most subscribed offers ever, saw its stock list at Rs 2,606 and close at Rs 2,587, achieving a market capitalization of nearly Rs 1.28 lakh crore.
  
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• Reddys to buy out IHCL’s stake in Taj GVK Hotels

  19-12-2025 23:10 via timesofindia.indiatimes.com
  
  GVK Reddy's daughter, Shalini Bhupal, is set to acquire Indian Hotels' 25.5% stake in Taj GVK Hotels & Resorts for Rs 592 crore, becoming the largest shareholder. This move increases the GVK Reddy family's stake to approximately 75%, while Indian Hotels will continue to manage the hotel portfolio under long-term contracts.
  
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• ED quizzes Anil Ambani's son, summons him again

  19-12-2025 21:23 via timesofindia.indiatimes.com
  
  Enforcement Directorate questioned Anil Ambani's son, Jai Anmol, for over seven hours in a Yes Bank money laundering probe. He's summoned again Saturday to clarify transactions. The ED alleges a quid-pro-quo between Ambani's group and Yes Bank promoter Rana Kapoor, leading to substantial losses for the bank due to significant exposure to Ambani's companies.
  
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• Fog disrupts flights: Dense fog hits Delhi airport operations; 177 cancelled, 500+ delayed

  19-12-2025 18:41 via timesofindia.indiatimes.com
  
  Dense fog grounded operations at Delhi's Indira Gandhi International Airport on Friday, leading to at least 177 flight cancellations and over 500 delays.Airlines are offering full refunds and free rescheduling, with airport authorities ensuring passenger support amidst ongoing CAT III operations.
  
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• Trade ties: India, Netherlands set up joint trade and investment committee; institutional framework takes shape

  19-12-2025 18:19 via timesofindia.indiatimes.com
  
  India and the Netherlands have launched a Joint Trade and Investment Committee (JTIC) to boost economic ties and resolve trade barriers. An MoU establishes this formal mechanism for annual meetings, co-chaired by senior officials, to review relations, promote investment, and explore mutual cooperation.
  
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• US monetary policy: Fed’s official sees no urgency for further rate cuts, flags distorted inflation data

  19-12-2025 17:24 via timesofindia.indiatimes.com
  
  A top US Federal Reserve official indicated no immediate need for further interest rate cuts. New York Fed President John Williams believes recent inflation data might be skewed. He suggested December's inflation figures could offer a clearer picture.
  
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• US housing market: Home sales tick up in November; annual volumes slip as prices stay elevated

  19-12-2025 16:34 via timesofindia.indiatimes.com
  
  US existing home sales saw a slight monthly increase in November, reaching a seasonally adjusted annual rate of 4.13 million units. Despite this, the national median sales price continued its upward trend, rising 1.2% year-on-year to $409,200.
  
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• US markets today: Wall Street ticks up as AI shares stabilise; investors assess global cues

  19-12-2025 15:53 via timesofindia.indiatimes.com
  
  Wall Street opened higher, boosted by AI-linked stocks and a positive outlook following the Bank of Japan's anticipated interest rate hike. Major indices saw gains, with Nvidia leading the tech sector. Winnebago Industries surged on strong earnings, while Nike experienced a significant drop due to tariff concerns.
  
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• ADB lending to India: ADB pledges $4.26 billion in 2025 sovereign lending; focus on jobs, energy transition and cities

  19-12-2025 15:21 via timesofindia.indiatimes.com
  
  The Asian Development Bank committed $4.258 billion in sovereign lending to India for 2025, supporting key sectors like workforce skilling, renewable energy, and urban infrastructure. Major initiatives include financing for PM-SETU skilling program and the PM Surya Ghar rooftop solar scheme, alongside investments in urban transport and healthcare.
  
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• ED Attaches Assets Valued At Rs 80 Crore In Ramprastha Promoters Fraud Case

  19-12-2025 15:19 via zeenews.india.com
  The ED investigations revealed that between 2008 and 2011, RPDPL launched projects including Edge Towers, Skyz, Rise, and the plotted colony Ramprastha City in Gurugram's Sectors 37D, 92, 93, and 95, ED officials added.
  
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• High-Frequency Indicators Suggest Domestic Economic Activity Holding Up In Q3 FY26: RBI

  19-12-2025 14:36 via zeenews.india.com
  On the supply side, agricultural growth is supported by healthy kharif crop production, higher reservoir levels and better rabi crop sowing. Manufacturing activity continues to improve, and the services sector is maintaining a steady pace.
  
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• Forex kitty: India’s reserves rise $1.68 billion to $688.94 billion; gold and FX assets up

  19-12-2025 14:24 via timesofindia.indiatimes.com
  
  India's foreign exchange reserves surged by $1.689 billion to $688.949 billion in the week ending December 12. Special Drawing Rights and India's reserve position with the IMF also saw modest gains.
  
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• Trade dispute: China seeks WTO consultations with India over ICT tariffs; flags solar subsidies

  19-12-2025 14:03 via timesofindia.indiatimes.com
  
  China has initiated a WTO dispute against India, challenging New Delhi's tariffs on ICT products and solar sector subsidies. Beijing claims these measures violate WTO rules, grant unfair advantages to Indian industries, and harm Chinese interests.
  
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• India's Forex Reserves Rise $1.689 Billion To $688.94 Billion

  19-12-2025 13:25 via zeenews.india.com
  Last week, foreign exchange reserves went up by nearly $1.03 billion to $687.26 billion for the week ending December 5. Gold reserves increased by $1.188 billion to $106.984 billion during the week, the RBI said. The Special Drawing Rights (SDRs) were up by $93 million to $18.721 billion.
  
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• Indian Railways Runs Niryat Cargo Express From Gurugram To Mundra Port

  19-12-2025 13:15 via zeenews.india.com
  Indian Railways has achieved another milestone in freight transportation by operating the Niryat Cargo Express, an export-focused, assured transit service, it was announced on Friday.
  
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• India-Oman CEPA rollout: Trade pact may take effect in three month; Piyush Goyal flags faster execution

  19-12-2025 13:15 via timesofindia.indiatimes.com
  
  India and Oman are set to activate their new economic partnership within three months, a swift rollout compared to past agreements. This pact grants India duty-free access to over 98% of Oman's tariff lines, benefiting key sectors like gems, textiles, and pharmaceuticals.
  
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• Why Cars In India Have Steering Wheels On Right: Explained

  19-12-2025 13:10 via zeenews.india.com
  Right-Hand Steering: Once left-side driving became standard, vehicles were designed with the steering wheel on the right.
  
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• FII Selling Puts Pressure On Rupee As Domestic Flows Support Equities: Report

  19-12-2025 12:50 via zeenews.india.com
  The report from JM Financial noted that the rupee depreciated about 6 per cent in 2025 compared to the historical average annual depreciation of roughly 3.5 per cent, citing FII outflows and trade‑deal overhang with the US.
  
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• Sensex, Nifty End Higher As Strong Rupee Lift Market Sentiment

  19-12-2025 12:48 via zeenews.india.com
  Positive investor sentiment was also driven by the upbeat stock market debut of ICICI Prudential AMC and a recovery in the Indian rupee.
  
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• Indian Markets Remain Resilient Raising Rs 9.7 Lakh Crore In H1 FY26: Report

  19-12-2025 12:45 via zeenews.india.com
  The report from National Stock Exchange of India Limited said that equity fundraising reached Rs 2 lakh crore, including Rs 64,363 crore from initial public offerings.
  
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• Received Credit Card Limit Upgrade Offer? Watch Out For THESE Red Flags– Here’s How To Stay Safe

  19-12-2025 12:25 via zeenews.india.com
  Scammers usually follow a familiar pattern to trap victims. First, they claim that your credit card is eligible for an immediate limit increase, often calling it a special or pre-approved offer.
  
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• The delayed $5-trillion dream: What IMF’s new timeline means for your wallet

  19-12-2025 12:18 via timesofindia.indiatimes.com
  
  India's $5 trillion economy target has been pushed to 2028-29, primarily due to currency depreciation and lower-than-expected nominal GDP growth. While the real economy continues to grow, this delay impacts imported goods, foreign education costs, and potentially government finances, urging a focus on long-term financial planning over political timelines.
  
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• IndiGo scrutiny: No decision yet on abuse of dominance probe, says CCI chief

  19-12-2025 11:55 via timesofindia.indiatimes.com
  
  The Competition Commission of India (CCI) has initiated a probe into IndiGo's operations following widespread flight cancellations. CCI chairperson Ravneet Kaur clarified that the investigation is based on initial information received and is currently focused solely on IndiGo, not the entire aviation sector. The CCI is yet to decide if the matter falls under abuse of dominant position.
  
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• Received Income Tax SMS Or Email Alerts? Why You Got It And What You Should Do— Explained

  19-12-2025 11:19 via zeenews.india.com
  The Income Tax Department said these messages are linked to transaction-related information that is already available with the department. This data is shared by banks, financial institutions and other reporting entities during the financial year.
  
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• 93 Indian Airports Switch To 100% Green Energy Use: Minister

  19-12-2025 11:16 via zeenews.india.com
  A total of 93 airports in India have switched over to 100 per cent green energy use, Murlidhar Mohol, Minister of State for Civil Aviation, informed the Parliament.
  
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• Piramal Finance exit: Firm to sell 14.72% stake in Shriram Life to Sanlam; Rs 600 crore deal

  19-12-2025 11:02 via timesofindia.indiatimes.com
  
  Piramal Finance is divesting its 14.72% stake in Shriram Life Insurance Company to South Africa's Sanlam Group for Rs 600 crore. The proceeds is expected to bolster Piramal Finance's balance sheet, as Shriram Life's contribution to its revenue was minimal.
  
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• Shriram Finance inks pact with Japan's MUFG Bank for investment of Rs 39,618 crore; MUFG to acquire 20% stake

  19-12-2025 10:24 via timesofindia.indiatimes.com
  
  Shriram Finance Limited (SFL) has entered into a definitive agreement with MUFG Bank Ltd., Japan's largest bank and a part of Mitsubishi UFJ Financial Group (MUFG), for an investment of Rs 39,618 crore, the company informed stock exchanges in a regulatory filing on Friday.
  
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• Air India Express Cancels Vijayawada-Visakhapatnam Flight Over Technical Issue

  19-12-2025 10:23 via zeenews.india.com
  Low-cost Indian airline and subsidiary of the Tata Group, Air India Express, cancelled the Vijayawada-Visakhapatnam flight on Friday due to a technical issue that was identified prior to departure.
  
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