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INDIA NEWS | Sun, 14 Dec 2025, 8:17PM IST The Indian Navy will commission its second MH 60R helicopter squadron, INAS 335 (Ospreys), on December 17 at INS Hansa, Goa, in the presence of Adm Dinesh K Tripathi, the Chief of the Naval Staff, according to a release. The occasion will mark a pivotal moment in the Indian Navy's continued efforts towards modernisation and capability enhancement.— indiannavy (@indiannavy) The advanced weapons, sensors and avionics suite make the helicopter a versatile and capable asset for the Indian Navy, offering enhanced capabilities to address conventional as well as asymmetric threats, the release stated. The aircraft has been fully integrated with fleet operations and has proven its worth on numerous occasions. The Indian Navy will receive a significant fillip in its integral aviation capabilities with the commissioning of the squadron. Meanwhile, the Indian Navy is set to commission DSC A20, the first vessel of the indigenously designed and constructed Diving Support Craft (DSC), at Kochi on December 16 (Tuesday), under the aegis of Southern Naval Command.The ship will be formally inducted into service in the presence of Vice Admiral Sameer Saxena, Flag Officer Commanding-in-Chief, Southern Naval Command. The event will mark the addition of a key operational asset to the Navy's inventory, enhancing its diving and underwater support capability, according to the maritime force.DSC A20 is the lead ship in a series of five Diving Support Craft being built by M/s Titagarh Rail Systems Limited (TRSL), Kolkata."Purpose-built for a wide spectrum of diving and underwater missions in coastal waters, the vessel is equipped with advanced, state-of-the-art diving systems that meet the highest standards of safety and operational efficiency," according to an official statement from the Ministry of Defence. Featuring a catamaran hull form, the ship offers superior stability, enhanced deck area, and improved seakeeping characteristics, and has a displacement of approximately 390 tons.The DSC is designed and built in accordance with the Naval Rules and Regulations of the Indian Register of Shipping (IRS), DSC A20 underwent extensive hydrodynamic analysis and model testing at the Naval Science and Technological Laboratory (NSTL), Visakhapatnam, ensuring optimal performance and reliability.

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INDIA NEWS | Sun, 14 Dec 2025, 7:39PM IST As many as 300 products, including that of engineering goods, pharma, agri, and chemicals, hold huge potential for Indian exporters to push their shipments to Russia as the two countries target USD 100 billion trade by 2030, an official said. At present, India's exports of these goods to Russia stood at USD 1.7 billion, as against Russia's USD 37.4 billion in imports. "This stark disparity demonstrates the substantial complementary export space India can target," the official said, adding increasing exports will also help India bridge its trade deficit with Russia, which stood at USD 59 billion. These high-potential products have been selected by the commerce ministry by analysing complementary basket of products -- mapping India's supply visa-a-vis Russia's demand across key sectors, the official added. The most promising areas mirror India's rising global strengths are engineering goods, pharmaceuticals, chemicals and agriculture, all of which correspond to substantial unmet dema

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INDIA MARKET | Sun, 14 Dec 2025, 7:12PM IST In the US, traders will also track non-farm payroll/ weekly jobless claims, housing data and consumer sentiments, which will also shape the direction of bullion prices, they added

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INDIA MARKET | Sun, 14 Dec 2025, 6:56PM IST The BJP parliamentary board picked Nabin for the post

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INDIA BUSINESS | Sun, 14 Dec 2025, 6:53PM IST The criminal sections-loaded FERA of 1973 was replaced in June 2000 by the Foreign Exchange Management Act (FEMA) of 1999, a civil law

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INDIA BUSINESS | Sun, 14 Dec 2025, 6:27PM IST The recent decline in oil prices was unexpected, Kuwait's Oil Minister Tariq Al-Roumi said on the sidelines of the Organization of Arab Petroleum Exporting Countries' (OAPEC) ministerial meeting in Kuwait.

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INDIA BUSINESS | Sun, 14 Dec 2025, 6:16PM IST While the company's overall sales are growing at 5 per cent M-o-M, its customer count is growing at nearly 6-7 per cent

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INDIA MARKET | Sun, 14 Dec 2025, 5:55PM IST India's gems and jewellery exports grew 19.64 per cent to USD 2.5 billion in November compared to the same month last year, according to the Gem and Jewellery Export Promotion Council (GJEPC). Total exports stood at USD 2.1 billion during the corresponding month of the previous year, according to GJEPC data. The overall exports of gems and jewellery were flat at USD 18.86 billion during April-November period as compared to USD 18.85 billion in the same period of last year. The overall gross export of Cut & Polished diamonds was at USD 919.74 million in November as compared to USD 666.34 million in the same period of the previous year. Provisional gross export of Polished Lab Grown Diamonds witnessed a 10.55 per cent rise in November at USD 76.09 million over USD 68.83 million a year ago. Meanwhile, volatile prices affected gold jewellery exports which were flat at USD 1.21 billion in November against USD 1.23 billion a year ago. Studded gold jewellery shipments surged to USD ...

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INDIA BUSINESS | Sun, 14 Dec 2025, 5:53PM IST Sudden death in young adults is a significant concern requiring targeted public health strategies, the study said, underlying coronary artery disease remains the leading cause and that respiratory and unexplained deaths warrant further investigation.

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INDIA NEWS | Sun, 14 Dec 2025, 5:52PM IST Nearly half of Indian family businesses report annual revenues between USD 1 billion and USD 30 billion, with 36 per cent in the USD 15 billion range, according to a latest report by Deloitte. The study shows strong growth momentum among these firms, driven by leadership continuity, expansion plans, technology adoption and confidence in domestic and overseas markets.Deloitte Privates Family Business Insights Series: Defining the family business landscape, 2025, released earlier this week, says Indian family-owned enterprises are adapting their structures to support long-term growth. The report is based on a survey of 1,587 family businesses across 36 countries, including 50 from India, along with in-depth interviews with 30 senior executives.The report notes that 96 per cent of Indian family businesses continue to be led by family members, while nearly half are listed entities, pointing to rising professionalisation. Around 51 per cent of these firms are now second-generation businesses, placing succession planning and leadership transition at the centre of their strategic priorities.Commenting on the findings, K R Sekar, Partner and Leader Deloitte Private, Deloitte India, said, "The growth of India's family businesses is no accident. It is driven by multiple interlinked factors, including greater access to capital, generational shifts, the formation of family offices and the robustness of India's public markets, along with leading transformation through technology and inclusion."At a global level, the report says family-owned businesses remain on a strong growth trajectory. The number of such firms generating at least USD 100 million in annual revenue is expected to increase by 22 per cent by 2030.Indian family businesses stand out on performance and outlook. More than 63 per cent reported double-digit revenue growth in 2024. Looking ahead, 75 per cent of Indian family enterprises are targeting growth of over 15 per cent during 202526.The study highlights a diverse sectoral presence, with Indian family businesses concentrated in chemicals and energy at 23 per cent, followed by consumer products at 15 per cent and technology at 13 per cent. These sectors are seen as key contributors to Indias broader economic momentum.Technology adoption is emerging as a major growth lever. About 53 per cent of Indian family businesses are already using artificial intelligence in their operations, significantly ahead of global averages. In addition, 46 per cent are investing in wider technological innovation, including generative AI, to improve efficiency and develop new products and services. The report says these moves are helping firms stay competitive amid economic uncertainty and rising input costs.Sustainability and governance are also gaining prominence. Around 76 per cent of Indian family businesses reported a strong commitment to Environmental, Social and Governance priorities, with social responsibility, environmental sustainability and diversity, equity and inclusion among the key focus areas.On leadership diversity, the report finds progress but flags gaps. About 73 per cent of Indian family businesses reported more than 10 per cent female representation on their boards, while 66 per cent said women account for over 10 per cent of their executive teams. However, parity-level representation remains limited. Only 4 per cent of businesses reported women holding 4150 per cent of board seats or C-suite roles, and none reported women occupying a majority of board positions.On expansion plans, Indian family enterprises remain confident about regional and global opportunities. Nearly 89 per cent plan to expand within the Asia Pacific region, while 39 per cent are targeting North America and 37 per cent are looking at Europe, the report added.

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INDIA BUSINESS | Sun, 14 Dec 2025, 5:50PM IST India's gems and jewellery exports saw a significant jump of 19.64 percent in November, reaching USD 2.5 billion. This growth was driven by strong demand in markets like Hong Kong, China, and the Middle East. Cut and polished diamond exports also increased substantially. Gold studded jewellery shipments surged due to high demand for job works.

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INDIA BUSINESS | Sun, 14 Dec 2025, 5:49PM IST State Bank of India Chairman C S Setty has said that the bank is targeting to double its YONO app user base to 20 crore over the next two years with the launch of a new version on Monday. YONO 2.0 is a significant upgrade, offering a better experience for customers and a robust digital platform for the bank, and full fledged features will be rolled out over 6-8 months, he told PTI in an interview. "From a bank perspective, YONO 2.0 is a key anchor of digitalization, with a common code for internet banking and mobile banking. This allows for seamless integration across channels, enabling SBI to launch new products and processes quickly. The bank aims to leverage YONO 2.0 to enhance its digital presence and customer engagement," he said. For example, he said, YONO 2.0 developed a common core for customer journeys, which will ensure a seamless experience across internet banking, mobile banking, and branch channels for account opening or any other transaction. "Today, we have almost 10

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INDIA BUSINESS | Sun, 14 Dec 2025, 5:45PM IST Television prices are set to increase by 3 to 4 percent starting next January. This rise is driven by escalating costs of essential memory chips and a weakening Indian Rupee. Major components for LED TVs are imported, making the industry vulnerable to currency fluctuations. Manufacturers are already informing dealers about the impending price adjustments.

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INDIA BUSINESS | Sun, 14 Dec 2025, 5:45PM IST Television prices are set to increase by 3 to 4 percent starting next January. This rise is driven by escalating costs of essential memory chips and a weakening Indian Rupee. Major components for LED TVs are imported, making the industry vulnerable to currency fluctuations. Manufacturers are already informing dealers about the impending price adjustments.

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INDIA NEWS | Sun, 14 Dec 2025, 5:23PM IST Bharatiya Janata Party on Sunday elevated Bihar cabinet minister Nitin Nabin to the post of national working president, marking a key organisational appointment by the partys top leadership. Nabins appointment was cleared by the BJP parliamentary board, which is responsible for major decisions related to the partys organisational structure. Announcing the decision, BJP national general secretary Arun Singh said in a notification, Bharatiya Janata Party's parliamentary board has appointed Nitin Nabin, a minister in the Bihar government, the Bharatiya Janata Party's national working president with immediate effect.

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INDIA NEWS | Sun, 14 Dec 2025, 5:04PM IST Australian Prime Minister Anthony Albanese on Sunday said a deadly shooting at Sydneys Bondi Beach, during Hanukkah celebration, was a targeted attack aimed at the Jewish community, describing the violence as beyond comprehension.This is a targeted attack on the Jewish community on the first day of Hanukkah, Albanese said, according to Reuters, referring to the shooting at the Hanukkah by the Sea event.At least 12 people have been confirmed dead since the attack was first reported, with some reports indicating that one of the shooters is among those who lost their lives in the incident. ET couldn't independently verify the latter claim. Calling the incident a terrorist act, Albanese said, There has been a devastating terrorist incident at Bondi at the Hanukkah by the Sea celebration.We have seen Australians today run towards dangers in order to help others. These Australians are heroes and their bravery has saved lives, he was quoted as saying by AFP. He added that the evil that was unleashed at Bondi Beach today is beyond comprehension, and that police and security agencies were working to identify anyone linked to the attack, as quoted by Reuters. Bondi Beach Shooting: At least 12 dead, several injured in 'terrorist incident' on Australian beach, 2 arrestedPolice declare Bondi shooting a terrorist incidentAustralian police said the mass shooting at Bondi Beach met the legal threshold for terrorism under state law, triggering a counter-terror investigation led by specialist units.As a result of the circumstances of the incident tonight at 9:36 pm this evening, I declared this to be a terrorist incident, New South Wales Police Commissioner Mal Lanyon told a news conference, according to AFP.Police said at least 12 people had been killed in the attack, with several others injured. Authorities confirmed that one of the offenders was shot dead, while another suspect has been taken into custody. Security agencies are continuing to examine whether others were involved.Attack designed to target Sydneys Jewish communityNew South Wales Premier Chris Minns said investigators had concluded that the attack was deliberately aimed at Sydneys Jewish community and took place during a public Hanukkah celebration.What should have been a night of peace and joy was shattered by a horrifying, evil attack, Minns said, adding that the violence was designed to target Sydneys Jewish community, the BBC reported.Minns said police and emergency services responded rapidly to the incident and that a major investigation was underway to determine the full sequence of events and any broader links.What happened at Bondi Beach?The shooting unfolded at Bondi Beach during a public event marking the Jewish festival of Hanukkah, which began at sundown. The gathering, known as Hanukkah by the Sea, had drawn families and members of the Jewish community to the beachfront when gunfire broke out, triggering panic and a large emergency response.Police said two men carried out the attack. One of them was reportedly shot dead at the scene, while the second was taken into custody in critical condition. At least 12 people were killed, and several others were injured, including police officers. New South Wales Ambulance said multiple victims were taken to hospital as emergency services rushed to the area.Investigators later said an improvised explosive device was found inside a vehicle linked to one of the suspects, prompting bomb disposal units to be deployed and parts of the surrounding area to be sealed off. Authorities said the Counter-Terrorism Command was leading the probe, assisted by state crime investigators.Witnesses described scenes of chaos as people fled across the beach amid gunshots and sirens, while police detained suspects nearby. Videos circulating on social media appeared to show people scattering and officers restraining two men near the beachfront, though police have cautioned against drawing conclusions as the investigation remains ongoing.

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