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GLOBAL NEWS | Thu, 4 Dec 2025, 2:10AM IST The National Park Service said seven hotels would temporarily close starting on Saturday after significant breaks in a crucial 12.5-mile water line.

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GLOBAL NEWS | Thu, 4 Dec 2025, 2:03AM IST As he and his company pour tens of billions into new data centers, Dario Amodei said they face a cone of uncertainty.

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INDIA BUSINESS | Thu, 4 Dec 2025, 1:44AM IST Officials from the two countries are set to hold a meeting next week in New Delhi, said an official at the Ministry of Commerce and Industry

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INDIA BUSINESS | Thu, 4 Dec 2025, 1:09AM IST The specialists, often former senior defence and government officials, help law firms create viable bid strategies for clients seeking defence contracts. Their experience is also invaluable during tough negotiations and compliance reviews. Also much in vogue are tech experts including engineers and technology-domain specialists, especially in aerospace, avionics, electronics, AI/ML systems, unmanned platforms, secure communications and dual-use technologies.

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GLOBAL NEWS | Thu, 4 Dec 2025, 12:50AM IST A cooling labor market and economic softness in the United States havent prevented business leaders and policymakers from feeling positive about Americas prospects.

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INDIA BUSINESS | Thu, 4 Dec 2025, 12:39AM IST New York-born, Mexico-produced tequila Cristal Azul is targeting 1.5 lakh cases and Rs 150 crore in revenue in its first two years in India, betting on premium spirits growth

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INDIA BUSINESS | Thu, 4 Dec 2025, 12:35AM IST India's nuclear energy sector is preparing for a significant transformation. New laws are being introduced to boost nuclear power capacity to 100 GW by 2047. These changes will allow private companies to participate and address concerns regarding liability and fuel supply. This move aims to meet rising energy demands and support India's growth as a developed economy.

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INDIA BUSINESS | Thu, 4 Dec 2025, 12:34AM IST Since labour is a concurrent subject, appropriate governments Centre and States will have to notify the rules under the four codes to enforce these fully across the country

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GLOBAL NEWS | Thu, 4 Dec 2025, 12:31AM IST Alex Karp also said he thought President Trump had performed on issues he cared about.

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INDIA MARKET | Thu, 4 Dec 2025, 12:27AM IST Airline's on-time performance drops to 35%; DGCA's stricter rest norms disrupt operations nationwide

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INDIA BUSINESS | Thu, 4 Dec 2025, 12:27AM IST In a landmark collaboration, JSW Steel is joining forces with JFE Steel in a massive 15,750 crore venture, acquiring Bhushan Power & Steel's facility in Odisha. This transformative agreement is anticipated to cut JSW Steel's debt load by nearly 50%, paving the way for accelerated growth and enhanced operational capacity at Bhushan Power & Steel beyond its current milestones.

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INDIA BUSINESS | Thu, 4 Dec 2025, 12:27AM IST The bank now has a capital adequacy ratio of over 17%, so it doesn't need funds. As a promoter, we have always stated that whenever funds are required, it will be provided, says Ashok Hinduja, chairman, IndusInd International Holdings (IIHL).

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INDIA BUSINESS | Thu, 4 Dec 2025, 12:23AM IST Uncertainty over US trade deal, FPI outflows, limited RBI intervention pushes rupee drop 5% vs $ in 2025

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INDIA BUSINESS | Thu, 4 Dec 2025, 12:18AM IST La Caisse aims to raise $350 million (3,155 crore) via the stake sale and has appointed Rothschild to manage the process. The InvIT has an enterprise value of around 16,000 crore ($2 billion). Maple Infrastructure Trust is sponsored by Maple Highways, La Caisse's dedicated road platform in India.

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INDIA BUSINESS | Thu, 4 Dec 2025, 12:10AM IST India's office leasing is breaking records. This is due to lower costs for office rentals and fitouts. Global companies are choosing India to expand. They are creating modern workplaces focused on employee well-being and technology. This trend is expected to continue, boosting the office fitout market. India's affordability and evolving workplace designs are key factors.

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INDIA BUSINESS | Thu, 4 Dec 2025, 12:01AM IST With the oversubscription of the offer-for-sale (OFS) of state-owned Bank of Maharashtra, the government is expected to realise about Rs 2,492 crore by diluting its 6 per cent stake in the bank. With the allotment of shares, the Pune-based lender would become Minimum Public Shareholding compliant with the Sebi norms. The OFS of Bank of Maharashtra closed for subscription Wednesday at a floor price of Rs 54 per share. At this price, the government would mop up about Rs 2,492 crore by divesting its 6 per cent stake in the lender. Prior to the OFS, the government's holding in the bank was 79.60 per cent. With the stake dilution to 73.6 per cent, the bank would be able to meet the MPS norm of 25 per cent as the government stake would come below 75 per cent. "The second day of Bank of Maharashtra OFS closed with good interest from investors and 1.72 times subscription. With this, the Bank is now Minimum Public Shareholding compliant. We thank all investors for their participation," ...

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INDIA BUSINESS | Wed, 3 Dec 2025, 11:48PM IST The deal is aimed at bolstering the growth of the two steelmakers, whose partnership goes back to 2009, when they signed a comprehensive agreement

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INDIA NEWS | Wed, 3 Dec 2025, 11:45PM IST India got a 'C' grade only for its national accounts data because the base year used is still 2011 to 2012

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INDIA NEWS | Wed, 3 Dec 2025, 11:31PM IST While the minister said the Centre had surrendered its power to levy excise duty on tobacco in 2017, excise duty did continue after GST - though at a nominal level

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INDIA MARKET | Wed, 3 Dec 2025, 11:26PM IST The two leaders will review the entire range of the multifaceted defence relations, including military and military technical cooperation

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GLOBAL NEWS | Wed, 3 Dec 2025, 11:07PM IST But the chief executive, Mary Barra, added that the jury was still out on whether electric vehicles would become a major seller in the United States.

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3h

GLOBAL NEWS | Wed, 3 Dec 2025, 11:07PM IST But the chief executive, Mary Barra, added that the jury was still out on whether electric vehicles would become a major seller in the United States.

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3h

INDIA NEWS | Wed, 3 Dec 2025, 11:07PM IST Bahrain has lowered the minimum real estate investment required for its Golden Residency Visa to BHD 130,000, down from BHD 200,000. The considerably reduced threshold aims to make the visa more accessible to foreign investors. The visa, introduced in 2022, offers a 10-year renewable residence with work rights and family reunification. The Nationality, Passports and Residence Affairs (NPRA) said the latest change is expected to support real estate demand and strengthen the kingdoms appeal as a long-term residency and business hub.According to a Gulf News report, the NPRA announced the revised criteria as part of Bahrains plan to enhance its competitiveness in the Gulf. Shaikh Hisham bin Abdulrahman Al Khalifa, Undersecretary for NPRA, said the move reflects the governments commitment to a stable environment for long-term investors. Lowering the threshold will boost the programs competitiveness while preserving its standards and exclusivity, he said.121924848Who qualifies for the visa The Golden Residency Visa is open to property investors meeting the revised threshold, professionals earning at least BHD 2,000 per month with five years of service in Bahrain, retirees with pensions above BHD 2,000, non-resident retirees with pensions over BHD 4,000, entrepreneurs, highly skilled professionals, and contributors to the national economy or society.Benefits and application process Golden Visa holders receive lifetime residency, flexibility to work, unlimited entry, full business ownership, and family sponsorship privileges. Applicants must submit a valid passport, six months of bank statements, health insurance, and proof of residence through the NPRA portal. Fees include BHD 5 for the application and BHD 300 for visa issuance.

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INDIA BUSINESS | Wed, 3 Dec 2025, 11:06PM IST Edtech firm Upgrad has reported a narrowing of loss to Rs 273.35 crore in the financial year ended March 31, 2025, according to a regulatory filing shared by market intelligence Tofler. The edtech firm had posted a loss of Rs 559.5 crore in the same period a year ago. When contacted, Upgrad said, "The profit before tax is a loss of Rs 273.75 crore, and adding back depreciation, interest, and other income, we have an EBITDA positive of Rs 15 crore." The revenue from operations of Upgrad increased by 5.5 per cent to Rs 1,569.3 crore during the reported fiscal from Rs 1,487.62 crore a year ago. On a standalone basis, Upgrad loss narrowed to Rs 333.25 crore while its revenue from operations grew 5.5 per cent to Rs 1,074.54 crore in FY'25 from Rs 1,018 crore in FY'24. The standalone total income of Upgrad increased by 4.4 per cent to Rs 1,119.62 crore from Rs 1,071.59 crore in FY'24. "Upgrad Education Private Limited operates as an online higher education company, reported its revenue

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INDIA NEWS | Wed, 3 Dec 2025, 11:05PM IST European Union Ambassador to India Herve Delphin on Wednesday said that there is "strong political commitment" from both sides to conclude the revamped India-EU Free Trade Agreement by the end of 2025. Of the 23 chapters under discussion, 11 have already been closed. Important chapters still under negotiation include market access for cars, steel, some aspects of services and investment and technical barriers to trade, Ambassador Delphin said. "No doubt, there is a strong political commitment to conclude the FTA negotiations by the end of the year," he added. Herve Delphin stated that a 40-member EU negotiator team is arriving in Delhi this week to resolve lingering hurdles. Current bilateral goods trade stands at approximately USD 136 billion, making the EU India's third-largest trading partner after the US and China. Delphin emphasised that the agreement is WTO-compatible and not a zero-sum game. EU and India combined represent 25 per cent of world GDP and 25 per cent of global

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GLOBAL NEWS | Wed, 3 Dec 2025, 11:05PM IST But the chief executive, Mary Barra, added that the jury was still out on whether electric vehicles would become a major seller in the United States.

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3h

INDIA BUSINESS | Wed, 3 Dec 2025, 10:51PM IST Birla Estates has tied up with Sikka Group to co-develop a 1,600-crore Greater Noida housing project, leveraging new revival policies that allow creditworthy developers to take over stalled projects

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INDIA BUSINESS | Wed, 3 Dec 2025, 10:51PM IST The Airline Pilots' Association of India (ALPA) criticized IndiGo's operational disruptions, attributing them to poor resource planning and a potential attempt to pressure the DGCA into weakening new flight duty time limitation norms. IndiGo cited FDTL issues for cancelling over 100 flights, a move ALPA suggests highlights a failure in proactive management and regulatory oversight.

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INDIA NEWS | Wed, 3 Dec 2025, 10:50PM IST The United States announced a significant step in defence cooperation with India after New Delhi signed a sustainment package for the Indian Navy's MH-60R "Seahawk" helicopter fleet.India's Ministry of Defence has approved a contract worth approximately Rs 7,995 crore (about USD 946 million) to support 24 MH-60R helicopters produced by Lockheed Martin. The agreement aims to improve long-term operational readiness, strengthen interoperability with US forces, and enhance maritime security in the Indian Ocean region.In a post on X, the US State Department said, "Great news in our defence relationship with India. India's Ministry of Defence signed a sustainment package for its 24 MH-60R Seahawk helicopters, developed by Lockheed Martin. This 946 million dollar package will enhance the Indian Navy's maritime capabilities, build interoperability with the U.S. and regional partners, and make both our nations safer and more prosperous."https://x.com/State_SCA/status/1996197027189789119?s=20India purchased the helicopters under a Foreign Military Sales agreement in 2020 and has inducted approximately 15 aircraft to date. The MH-60R Seahawk is a multi-role maritime helicopter capable of anti-submarine warfare, anti-surface missions, search-and-rescue, surveillance and ship-based operations.The sustainment package is expected to increase helicopter availability and reduce maintenance time, enabling operations from coastal facilities and naval ships. It will also help India establish local maintenance infrastructure, reduce reliance on foreign service providers, and integrate helicopters more effectively into maritime operations.Equipped with long-range sensors and compatible weapons, the MH-60R enhances India's ability to detect submarines, protect sea lanes, support carrier groups and respond to maritime threats. It was inducted into the Indian Navy in 2021, with deliveries beginning, and the first squadron, INAS 334, was commissioned at INS Garuda in Kochi.For surface missions, the helicopter can carry AGM-114 Hellfire missiles, lightweight torpedoes, and machine guns, supported by advanced radar and electro-optical systems to identify and engage hostile surface targets. Its anti-submarine warfare systems include dipping sonar, sonobuoys, multi-mode radar and the Mk-54 torpedo.Often called the "Romeo," the MH-60R Seahawk is used by the US Navy and partner nations worldwide, serving as a versatile platform for surveillance, search-and-rescue, medical evacuation and warship-based missions.

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INDIA MARKET | Wed, 3 Dec 2025, 10:46PM IST IndiGo on Wednesday said there have been significant operational disruptions due to a multitude of factors, including Flight Duty Time Limitation (FDTL) issues

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