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INDIA BUSINESS | Tue, 2 Dec 2025, 10:35PM IST Apple and Samsung will engage with the government regarding the Sanchar Saathi app pre-installation directive. The directive mandates the app on all new mobile phones and via software updates on existing devices. Manufacturers and importers have a deadline to report compliance. The government aims to enhance digital security and combat cybercrime through this initiative.

Continue reading at Economic Times

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INDIA MARKET | Tue, 2 Dec 2025, 10:24PM IST Aequs Limited, a precision engineering powerhouse, has successfully raised Rs 414 crore from 33 prominent anchor investors ahead of its anticipated IPO on December 3. High-profile backers such as Blackrock and Sanshi have jumped on board, adding to the excitement. The IPO will wrap up on December 5, with Aequs making its market debut on December 10.

Continue reading at Economic Times

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INDIA NEWS | Tue, 2 Dec 2025, 10:17PM IST The Government of India has announced plans to conduct the Census in 2027, with the intent notified in the Gazette on June 16, 2025. The Census will be conducted in two phases: Phase I - House Listing and Housing Census, scheduled from April to September 2026, and Phase II - Population Enumeration, set for February 2027.The Population Enumeration will reference March 1, 2027, except for certain regions like Ladakh and snow-bound areas, where it will be conducted in September 2026.Notably, caste enumeration will be included, as per the Cabinet Committee on Political Affairs' decision on April 30, 2025.In a written reply, Minister of State for Home Nityanand Rai told Lok Sabha, "The Government has decided to conduct the Census in 2027. The intent of the Government for conducting the Census has been notified in the Gazette dated 16th June, 2025. The Census 2027 will be conducted in two phases, namely Phase I - House Listing and Housing Census from April to September 2026 in a period of 30 days, as per the convenience of the State/UT Governments, followed by Phase II - Population Enumeration (PE)."Population Enumeration will be done in February 2027 with reference to March 1, 2027, except for the Union territory of Ladakh and snow-bound non-synchronous areas of the Union territory of Jammu and Kashmir and the States of Himachal Pradesh and Uttarakhand, where it will be done in September 2026 with reference date 1 October, 2026," Rai added.A key feature of this census will be the inclusion of caste enumeration for the first time in over 70 years. "In Census 2027, Caste enumeration will be done as decided by Cabinet Committee on Political Affairs vide its decision dated 30.04.2025," he added. It will be India's first digital census, with data collected via mobile apps, though paper schedules will also be available for those with connectivity issues.A pre-test was conducted from November 10 to November 30, 2025, to test the digital platforms, survey methods, and logistics.The latest announcement provides administrative clarity after the 2021 census was delayed due to the COVID-19 pandemic.

Continue reading at Economic Times

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INDIA MARKET | Tue, 2 Dec 2025, 10:09PM IST Meesho has successfully garnered Rs 2,440 crore from 125 anchor investors ahead of its IPO debut. Shares have been priced at Rs 111 each. The highly anticipated IPO kicks off on December 3 and wraps up on December 5. Analysts are optimistic about the vast opportunities within India's burgeoning e-commerce sector, with trading set to commence on December 10.

Continue reading at Economic Times

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INDIA MARKET | Tue, 2 Dec 2025, 10:09PM IST This is led by SBI MF, GIC, Fidelity, BlackRock, Axis MF, Aditya Birla MF and prominent tech investors like Dragoneer

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INDIA BUSINESS | Tue, 2 Dec 2025, 10:05PM IST Possibilities of wider collaboration in renewable energy, says Finnish Ambassador

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INDIA NEWS | Tue, 2 Dec 2025, 10:01PM IST Russia eyes mobility pact, duty cuts and sanctions-proof oil trade; major defence deals unlikely at annual summit

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INDIA BUSINESS | Tue, 2 Dec 2025, 10:00PM IST Air India check-in systems are experiencing disruptions due to a third-party issue. This is causing delays for Air India and other airlines at airports nationwide. Airport teams are working to resolve the problem and minimize passenger inconvenience. The system is gradually being restored, but some flight delays may persist until full normalization.

Continue reading at Economic Times

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INDIA MARKET | Tue, 2 Dec 2025, 9:50PM IST Vidya Wires has successfully raised Rs 90 crore from anchor investors ahead of its IPO, which opens for public subscription from December 3-5. The company's public offering includes a fresh issue of Rs 274 crore and an Offer For Sale of Rs 26 crore. Proceeds will fund capital expenditure, debt payment, and general corporate purposes.

Continue reading at Economic Times

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INDIA MARKET | Tue, 2 Dec 2025, 9:13PM IST Sensex and Nifty fell as profit-booking, FII outflows and a weak rupee pressured markets. Analysts expect cautious sentiment amid no near-term RBI rate-cut hopes and persistent technical weakness.

Continue reading at Economic Times

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INDIA BUSINESS | Tue, 2 Dec 2025, 9:10PM IST Maruti Suzuki India on Tuesday said it aims to drive in multiple electric models across bodystyles and set up charging infrastructure across the country as it looks to attain leadership in the segment. The auto major, which is gearing up to introduce its first electric vehicle model e Vitara next year, plans to set up around 1 lakh charging stations by 2030 in partnership with its dealer partners and charging point operators. "Aligning with our parent company, Suzuki Motor Corporation's vision, we will be launching many more electric vehicles across body types and segments in the coming years," Maruti Suzuki India MD and CEO Hisashi Takeuchi said in an event here. In line with this vision, by 2030, the company aims to establish a network of over 1 lakh charging points in partnership with dealers and charge point operators, he added. "We will be the leader in electric mobility in the country, and as a market leader, all our efforts will be to make EV adoption easier for all our ...

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INDIA BUSINESS | Tue, 2 Dec 2025, 9:09PM IST Pernod Ricard India targets double-digit growth in the coming years. The company plans to achieve this through premiumization and innovation in its product offerings. This strategy aims to capitalize on India's growing economy and increasing disposable incomes. Pernod Ricard India is also introducing new brands to cater to evolving consumer preferences.

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INDIA BUSINESS | Tue, 2 Dec 2025, 9:09PM IST Payments firm Cashfree on Tuesday announced a collaboration with J.P. Morgan Payments as part of its commitment to building a borderless payments ecosystem. With this, J.P. Morgan Payments becomes an Authorised Dealer Category-I (AD-I) bank for Cashfree, enabling the processing of import transactions under the RBI's Master Direction on Regulation of Payment Aggregator, a joint statement said. This collaboration addresses the payment-related barriers head on by combining global credibility with homegrown innovation, it said. With J.P. Morgan Payments acting as Cashfree's AD-I bank, import transactions are routed end-to-end in compliance, while offering businesses the assurance of secure, transparent, and reliable settlements through trusted rails, it said. As India continues to set global benchmarks in digital payments, the world is increasingly looking to the country as the emerging hub for seamless digital commerce. The next era of global payments will be defined by enabling ...

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INDIA BUSINESS | Tue, 2 Dec 2025, 9:04PM IST Maruti has also partnered with 13 leading Charge Point Operators and aggregators to provide access to charging infrastructure across the country

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INDIA BUSINESS | Tue, 2 Dec 2025, 9:01PM IST The Asian Development Bank has approved a USD 650 million loan to boost rooftop solar energy in India. This financing supports the Pradhan Mantri Surya Ghar: Muft Bijli Yojana initiative. The goal is to provide clean, affordable energy to 10 million households by 2027. This program aims to remove barriers and make solar accessible.

Continue reading at Economic Times

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INDIA MARKET | Tue, 2 Dec 2025, 8:44PM IST Benchmark indices extended losses for the third straight session as Nifty slipped below the 21EMA. Analysts expect a bearish-to-sideways trend ahead. However, Birlasoft and Asian Paints showed strong technical breakouts, offering near-term upside potential.

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INDIA BUSINESS | Tue, 2 Dec 2025, 8:35PM IST The Reserve Bank of India has identified State Bank of India, HDFC Bank, and ICICI Bank as domestic systemically important banks. These institutions will continue to require additional common equity tier 1 capital ratios of 0.8%, 0.4%, and 0.2% respectively, effective from April this year.

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INDIA BUSINESS | Tue, 2 Dec 2025, 8:34PM IST Maruti Suzuki has launched its first electric SUV, the e-Vitara, with a 543 km range and access to over 2000 charging points across India. The company plans to expand its EV portfolio and establish 1 lakh charging stations by 2030, offering advanced safety features including Level 2 ADAS.

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INDIA BUSINESS | Tue, 2 Dec 2025, 8:26PM IST State-run company plans to finance $500 million in greenfield metro projects this financial year

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INDIA MARKET | Tue, 2 Dec 2025, 8:26PM IST Company to finance $500 million in greenfield metro projects this fiscal year

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INDIA NEWS | Tue, 2 Dec 2025, 8:22PM IST Uzma Khanum, sister of PTI founder Imran Khan, on Tuesday confirmed that former Prime Minister of Pakistan, her jailed brother, was "perfectly fine" after she was allowed to meet him, Dawn reported.She was accompanied by a group of PTI supporters who gathered outside Adiala Jail while she went inside to see the former prime minister.Speaking to the media after the meeting, Uzma said, "Imran Khan's health is perfectly fine. However, he was very angry and said that they are subjecting him to mental torture."She added that Imran remained confined to his room most of the day with limited time outside and no communication with anyone. Uzma said the meeting lasted around 30 minutes.The visit took place as PTI staged demonstrations outside the Islamabad High Court and Adiala Jail against restrictions on visitation rights. The party has claimed that family members and senior leaders have been unable to meet the former premier for weeks.According to Dawn, Khyber Pakhtunkhwa Chief Minister Sohail Afridi said no one had been permitted to meet Imran or his wife, Bushra Bibi, since October 27.Section 144 of the Criminal Procedure Code was imposed in Islamabad and Rawalpindi ahead of the protests, banning gatherings of four or more people for a limited time.Minister of State for Interior Tallal Chaudhry said compliance would be ensured, warning, "Whether they come to the Islamabad High Court (IHC) or the Adiala jail, action under Section 144 would be carried out without any discrimination," while urging PTI-backed lawmakers to "abide by the law."Chaudhry linked the restrictions to intelligence inputs, saying, "Terrorists look for instances [which they can use] to spread fear and make headlines; be it [a] political gathering, courts or important places or offices."He said militants used social media with VPNs to conceal their identities and locations. He added that the Pakistan Telecommunication Authority had issued guidance on registering VPNs to prevent misuse.Dawn noted that he said the government did not intend to harm IT businesses, but stressed that the step was necessary to curb terrorism.The interior minister also cited a Peshawar High Court ruling that barred the use of state resources for political activities. He said, "We hope that the KP (Khyber Pakhtunkhwa) chief minister, who repeatedly comes to Islamabad and Pindi, will not use state resources for his political activities," adding that "KP police will [only] be used in KP for security."He warned that unauthorised use of provincial resources outside KP would lead to criminal cases under PHC directions.Chaudhry said Section 144 was imposed to protect public safety, referring to a recent incident and ongoing threats. He said authorities were closely monitoring protests "to ensure that such gatherings of protests do not cause any loss," recalling the unrest of May 9, 2023.According to Dawn, he claimed protesters "will do it themselves just like on May 9, and the entire Pakistan will face the consequences."When asked about the possibility of transferring Imran to a prison in Islamabad, Chaudhry said it was "too early to say anything." He said a new jail in the capital was nearing completion and would require staff training.He further stated that if provided the necessary documents and a "tracking number, Imran's sons would be issued visas in the next 24 hours."Rawalpindi police said around 3,000 personnel had been deployed to maintain law and order, with Section 144 in place for three days.Reports cited by Dawn said checkpoints were set up on roads leading to Adiala Jail. Various routes into Islamabad's Red Zone were also blocked to restrict movement.PTI leader Asad Qaiser said opposition lawmakers planned to protest outside the Islamabad High Court before marching to Adiala Jail, alleging non-implementation of court orders.Last week, Khyber Pakhtunkhwa Chief Minister Sohail Afridi staged a sit-in outside the prison after being denied a meeting with Imran for the eighth time.Imran's sisters have also protested several times after being barred from meeting him.PTI alleged police "violently detained" Imran's sisters during a November 19 protest.There were also speculations about the former prime minister's health, but both government officials and PTI leaders have said he is in good condition.

Continue reading at Economic Times

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INDIA BUSINESS | Tue, 2 Dec 2025, 8:19PM IST The Sanchar Saathi app aims to combat online fraud and track lost phones. Discussions have occurred with most mobile manufacturers, excluding Apple, regarding its integration. The app relies on user-reported data to enhance accuracy and speed up fraud resolution. Millions have already adopted the app and its website, highlighting its growing importance in digital security.

Continue reading at Economic Times

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INDIA BUSINESS | Tue, 2 Dec 2025, 8:14PM IST IndiGo has been penalized Rs 117.52 crore by CGST Kochi Commissionerate for input tax credit issues spanning 2018-19 to 2021-22. The airline plans to challenge the ruling, asserting the order is erroneous and that it has a strong case. IndiGo stated the penalty will not significantly impact its financials or operations.

Continue reading at Economic Times

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INDIA BUSINESS | Tue, 2 Dec 2025, 8:14PM IST The Supreme Court has upheld a penalty against Reliance Industries and two officials for delayed clarification on the Jio-Facebook deal. The court emphasized greater responsibility for large corporations, dismissing RIL's appeal. SEBI had fined the company Rs 30 lakh for failing to promptly disclose unpublished price-sensitive information, a decision now affirmed by the top court.

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INDIA BUSINESS | Tue, 2 Dec 2025, 8:14PM IST Numaligarh Refinery becomes the 27th CPSE to be accorded the status.

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INDIA MARKET | Tue, 2 Dec 2025, 8:09PM IST The government on Tuesday decided to exercise green shoe option with clear intention to divest 6 per cent stake in Bank of Maharashtra (BoM) through offer-for-sale following overwhelming response from investors on the first day of subscription.

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INDIA NEWS | Tue, 2 Dec 2025, 8:09PM IST The government on Tuesday decided to exercise green shoe option with clear intention to divest 6 per cent stake in Bank of Maharashtra (BoM) through offer-for-sale following overwhelming response from investors on the first day of subscription. The OFS of BoM opened for subscription earlier on Tuesday for non-retail investors at a floor price of Rs 54 per share. On the first day, it subscribed over 400 per cent of the base size 38.46 crore shares, triggering exercise of green shoe option of additional 1 per cent. The issue was subscribed 4.07 times of the base size, reflecting strong market confidence. Given the oversubscription, the government has exercised the green shoe option in full, taking the total divestment to 6 per cent of BoM's paid-up capital, an official statement said. This will ensure that BoM achieves the Minimum Public Shareholding (MPS) norms, it said. "Offer for sale in Bank of Maharashtra received overwhelming response in the markets today. The issue was subscribed to 400 per cent of the base size. The government has decided to exercise the green shoe option," Department of Investment and Public Asset Management (DIPAM) Secretary Arunish Chawla said in a post on X. "Retail investors get to bid tomorrow on 3rd December 2025. Congratulations to the staff and leadership at the Bank of Maharashtra for outstanding financial performance over the last few years. Keep it going...," he said. The government encourages eligible investors to participate in the offer and partake in the value creation of the public assets, the statement said. At the floor price the government would mop up about Rs 2,492 crore by divesting its 6 per cent stake in the state-owned lender. "The Offer for Sale of a 5 per cent Government stake, along with a 1 per cent green shoe option, received an impressive 407 per cent bids in the non-retail segment, reflecting strong investor confidence in the public sector banks and robustness of Indian banking sector," Financial Services Secretary M Nagaraju said in a post on X. The floor price for the Bank of Maharashtra OFS has been set at Rs 54 per share, reflecting a 6.34 per cent discount from its Monday's closing price of Rs 57.66 apiece on the BSE. The base offer comprises 38.46 crore shares, representing 5 per cent of paid up equity share capital of the bank, with an additional 7.69 crore shares, or 1 per cent stake, available under the green shoe option, taking the total to over 46.14 crore shares, or 6 per cent of the stake in the lender. The government currently holds a 79.60 per cent stake in the Pune-based bank. With the stake dilution, the bank would be able to meet the MPS norm of 25 per cent as the government stake will come down below 75 per cent. This is in line with the Securities Contract (Regulation) Rules issued by the Securities and Exchange Board of India, which mandate that all listed companies, including those in the public sector, must have a minimum public shareholding of 25 per cent. Capital market regulator Sebi has given forbearance to CPSEs and public sector financial institutions till August 2026.Other four lenders where the government's stake is more than minimum public shareholding threshold are Indian Overseas Bank at 94.6 per cent, Punjab & Sind Bank 93.9 per cent, UCO Bank 91 per cent, and Central Bank of India 89.3 per cent.

Continue reading at Economic Times

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