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INDIA MARKET | Sun, 30 Nov 2025, 8:00PM IST The Central Excise Amendment Bill, 2025, and The Health Security se National Security Cess Bill, 2025, are listed for introduction on Monday by Finance Minister Nirmala Sitharaman

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INDIA NEWS | Sun, 30 Nov 2025, 7:45PM IST Sri Lanka's death toll from Cyclone Ditwah climbed to 212 with 218 missing, officials said on Sunday, as flood waters breached a dam and rescue operations continued into a fourth day. Nearly a million people are impacted by heavy rains and floods that swept through large parts of the south Asian island nation forcing nearly 200,000 people into 1,275 shelters, the Disaster Management Centre said in a statement. Record rains lashed the country from last Thursday causing multiple landslides in the hilly central region while overflowing rivers submerged entire towns nationwide. Over 24,000 police, army and air force personnel are still trying to reach families stranded by floods, authorities said. More than 120 people were airlifted to safety in helicopters by the air force after water breached the dam of the Mavil Aru Reservoir in the eastern part of the island. About another 2,000 people were moved to higher ground for safety, the military said in a statement. Dozens of families are trapped in their homes by flood waters in the commercial capital of Colombo, which is one of the worst affected places. In the Colombo suburb of Kelaniya, as in many other parts of the country, cooked food is supplied by state agencies and donations but many told Reuters they are yet to receive adequate help. More than 17,000 people are living in shelters waiting for the flood waters retreat from their homes. "My sister and I were trapped on the upper floor of our home with our four children for two days. We slowly ran out of food. We only had biscuits and water to give them last night," Sunethra Priyadarshani, 37, told Reuters. The family was rescued by a boat that delivered lunch to them. "We only have the clothes were are wearing. We will go stay at an aunt's house for now. But we really need help." Flood waters are expected to gradually recede over the next three days, the irrigation department said, as the cyclone moves towards southern India. Power, water and communications will be gradually restored over the next three days, authorities said after transmission lines and transformers were swept away by floods. In Indonesia, Malaysia and Thailand the death toll mounted to over 600 from floods and landslides caused by across the three countries, officials said on Sunday, as relief efforts for tens of thousands of displaced people continued over the weekend.

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INDIA BUSINESS | Sun, 30 Nov 2025, 7:41PM IST Dalmia Cement (Bharat) Ltd (DCBL), a wholly-owned subsidiary of Dalmia Bharat, has received two show cause notices totalling Rs 266.3 crore from the Sales Tax Office. The notices are "issued under section 74 of the Central GST/Tamil Nadu GST Act 2017 for AY 2019-20 and AY 2022-23, the concerned Sales Tax Officer, Lalgudi, Tiruchirapalli, Tamil Nadu," according to a regulatory filing from Dalmia Bharat. For Assessment Year 2019-20, the authorities demanded a tax of Rs 128.39 crore along with a penalty of Rs 19.25 crore. For 2022-23, the show-cause notice has demanded a tax of Rs 59.32 crore, along with a penalty of the same amount. This pertains to some differences observed in taxable turnover and amount of ITC (input tax credit) for the assessment years 2019-20 and 2022-23, it said. "The Orders were received on November 28, 2025," the company said, adding "there will be no financial impact on DCBL" from these show-cause notices. Founded in 1939, Dalmia Bharat is the fourth-larges

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INDIA MARKET | Sun, 30 Nov 2025, 7:18PM IST Chaturvedi's service record shows that his deepest and longest experience lies in the Directorate of Revenue Intelligence (DRI)

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INDIA NEWS | Sun, 30 Nov 2025, 6:42PM IST At least 400 Indian nationals stranded at the Colombo airport following the extreme weather conditions in cyclone-hit Sri Lanka, were sent back home on Sunday. Around 150 of them were sent back to Delhi aboard flight C130 while 250 of them were sent to Trivandrum on flight IL 76 from the Bandaranaike International Airport, Sri Lankan officials said.Also read: Cyclone Ditwah Tracker Live UpdatesBoth the aircraft had arrived in Sri Lanka on Saturday carrying food and humanitarian aid for flash floods victims. As Sri Lanka battled the aftermath of the powerful cyclone Ditwah, Acting High Commissioner of India to Sri Lanka, Dr Satyanjal Pandey, met stranded compatriots at the Colombo airport on Saturday. The Indian High Commission provided food and water to those who needed it, and also assured the stranded Indians that New Delhi will facilitate their swift travel back home. Sri Lanka declared a state of emergency throughout the island nation after Cyclone Ditwah caused widespread devastation as it left a trail of destruction and damage to infrastructure. There was widespread flooding, landslides and severe service disruptions, including flight cancellations. The island nation is a popular tourist destination for Indians. As at 2 am on Sunday, the latest data from Sri Lanka's Disaster Management Centre (DMC) showed that at least 212 people have been killed and 218 missing since Thursday across the island nation in cyclone-induced rainfall, floods and landslides. Earlier on Sunday, the Indian High Commission here said in a post on X: "@Indiainsl is facilitating the swift return home of the Indian passengers stranded in. Evacuation flights by @IAF_MCC and commercial airlines (are) being facilitated today. Every stranded Indian will reach home at the earliest." Any distressed Indian citizen at the airports or any part of Sri Lanka in need of assistance may reach out to the emergency No +94 773727832. (For WhatsApp also)," it said.

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INDIA BUSINESS | Sun, 30 Nov 2025, 6:42PM IST Mumbai's property market reached an all-time high in November with 12,219 registrations, a 20% year-on-year increase. This surge, driven by end-user demand and infrastructure upgrades, boosted state revenue by 12% to Rs 1,038 crore. The market shows sustained momentum with a preference for larger, premium homes despite rising prices.

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INDIA BUSINESS | Sun, 30 Nov 2025, 6:03PM IST India is set to introduce new taxes on tobacco products like cigarettes, pan masala, and gutkha. This move comes as the Goods and Services Tax compensation cess concludes. Finance Minister Nirmala Sitharaman will present a new bill and an amendment to the Central Excise Act. The aim is to maintain the current tax levels on these items.

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INDIA BUSINESS | Sun, 30 Nov 2025, 5:44PM IST At right price, ARCs are eager to acquire the portfolio

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INDIA BUSINESS | Sun, 30 Nov 2025, 5:25PM IST NTT DATA aims to reskill all its employees in India to become AI-native developers, leveraging the country's vast engineering talent pool to scale Gen AI capabilities globally, a company spokesperson has said. It also intends to tailor its services to meet the country's unique requirements for cost sensitivity and data sovereignty/confidentiality, according to another company spokesperson. The global IT services company, which offshores engineering resources from India, currently employs over 40,000 individuals in the country. "India is one of the most important countries for the future... we have more than 40,000 employees in India, and our plan is to reskill all of them in order to be... AI-native developers," Carlos Galve, Head of the Global Generative AI Office, NTT DATA Corporation, told PTI. The reskilling programme will focus on boosting productivity to support global projects. "...the same number of people who can support, for example, 10 projects... can support 20 or 100

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INDIA MARKET | Sun, 30 Nov 2025, 5:25PM IST Home and furnishings company Wakefit Innovations Ltd is gearing up to launch its initial public offering (IPO) on December 8 to raise around Rs 1,400 crore. The company's maiden public offering is a combination of a fresh issue of equity shares aggregating up to Rs 377.1 crore and an offer-for-sale (OFS) of 4.67 crore shares by the selling shareholders, according to the red herring prospectus (RHP). As part of the OFS, the promoters -- Ankit Garg and Chaitanya Ramalingegowda and other selling shareholders -- Nitika Goel, Peak XV Partners Investments VI, Redwood Trust, Verlinvest S.A., SAI Global India Fund I LLP and Paramark KB Fund I -- will be offloading shares. Market sources said that the total issue size would be around Rs 1,400 crore. The IPO of the Bengaluru-based company will conclude on December 10, and anchor investors will be allocated shares on December 5, the RHP noted. Wakefit proposes to utilize the proceeds from the fresh issue, worth Rs 31 crore, for setting up 11

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INDIA MARKET | Sun, 30 Nov 2025, 5:23PM IST Industry body calls for a GIFT City-based intermediary to scale green capital, recycling and fast-track clearances

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INDIA BUSINESS | Sun, 30 Nov 2025, 5:12PM IST Renewables-focused Avaada Group is "more bullish" on Maharashtra, a top official has said, pointing out that every state will have execution challenges that have to be dealt with. The group, which runs over 6 GWp of solar and wind assets across India at present, was able to execute a project to build solar power equipment at Butibori near Nagpur in record time, the official said. ".. We are more bullish on Maharashtra because now, single window is (there) in the true sense," Vineet Mittal, the group's chairman, told PTI, pointing out that the facility near Nagpur is testimony to the same. Maharashtra is among the six states having large quantities of barren land, which offers the land bank for renewable companies, he added. Nearly a year ago, the name of Avaada was in the news after the gruesome murder of one Santosh Deshmukh in the backward Marathwada region's Beed district, allegedly after a tiff outside a wind power project by local goons. As per some reports, Deshmukh's allege

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INDIA MARKET | Sun, 30 Nov 2025, 4:48PM IST During this period, registrations grew 5 per cent year-on-year and revenue increased 11 per cent, showing the city's solid real estate activity throughout the year

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INDIA MARKET | Sun, 30 Nov 2025, 4:46PM IST During the first six months of this fiscal, the company's sales bookings or pre-sales increased by 8 per cent to Rs 9,020 crore from Rs 8,320 crore in the corresponding period of the preceding year

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INDIA BUSINESS | Sun, 30 Nov 2025, 4:44PM IST Avaada Group expresses strong optimism for Maharashtra's renewable energy sector. The company highlights the state's effective single-window clearance system and ample barren land as key advantages. Avaada acknowledges that execution challenges are common in all Indian states. The group emphasizes its commitment to ethical operations and timely project commissioning, even with minor cost escalations.

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INDIA COMMODITIES | Sun, 30 Nov 2025, 4:43PM IST Gold prices are poised to remain firm and could edge closer to record highs next week as investors await key US data, Federal Reserve Chair Jerome Powell's speech and the Reserve Bank of India's policy decision, analysts said

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INDIA MARKET | Sun, 30 Nov 2025, 4:19PM IST Kohli is now 17 centuries away from Sachin's record of 100 international centuries

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INDIA MARKET | Sun, 30 Nov 2025, 4:19PM IST Home furnishings company Wakefit Innovations Ltd is set to launch its initial public offering on December 8. The company aims to raise approximately Rs 1,400 crore through a combination of fresh equity issuance and an offer-for-sale. Proceeds will fund new stores, equipment, and marketing. Wakefit, established in 2016, is a fast-growing player in India's home and furnishings market.

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INDIA BUSINESS | Sun, 30 Nov 2025, 4:06PM IST Private equity and venture capital (PE/VC) investments in India touched USD 5.3 billion across 102 deals in October 2025, marking a 9 per cent rise year-on-year, according to the EY-IVCA monthly roundup. "The number of deals decreased to 102 in October 2025, a 9 per cent year-on-year (112 deals in October 2024) and 30 per cent decline month-on-month (145 deals in September 2025)," said Vivek Soni, Partner and National Leader, Private Equity Service, EY. Pure-play PE/VC investments hit a 13-month high of USD 5 billion - an 81 per cent increase over October 2024 - while real estate and infrastructure investments fell sharply by 86 per cent. Private investments in public equity (PIPE) emerged as the dominant deal category, surging nearly ten-fold to USD 2.1 billion. Startup investments followed at USD 2 billion, up 175 per cent year-on-year. Growth investments fell to USD 810 million, while buyouts remained flat at USD 227 million. Credit investments dropped 90 per cent to USD 189 ...

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