SCL Mohali to be modernised at cost of 4,500 crore; requests land from Punjab, says Ashwini Vaishnaw
INDIA BUSINESS | Fri, 28 Nov 2025, 9:41PM IST
Mr. Vaishnaw said that the governments modernisation push aimed at increasing production 100-fold at the legacy semiconductor fabrication facility.
Continue reading at The Hindu
13m
RBI issues 244 consolidated Master Directions, repeals many to reduce compliance burden
INDIA BUSINESS | Fri, 28 Nov 2025, 9:38PM IST
These 244 MDs consolidate all the regulatory instructions issued to the REs over several decades which are currently administered by Department of Regulation, Shirish Chandra Murmu, Deputy Governor, RBI said
Continue reading at The Hindu
16m
Jio adds nearly 20 lakh mobile user; VIL loses 20.8 lakh in Oct: Trai data
INDIA BUSINESS | Fri, 28 Nov 2025, 9:29PM IST
Reliance Jio led India's telecom sector in October, adding 19.97 lakh mobile subscribers. This boosted Jio's user base to 48.47 crore. Bharti Airtel also saw growth, gaining 12.52 lakh users. Bharat Sanchar Nigam Ltd added 2.69 lakh users. Vodafone Idea experienced a decline, losing 20.83 lakh subscribers.
Continue reading at Economic Times
26m
'Adani to invest $5 bn in Google data centers'
INDIA NEWS | Fri, 28 Nov 2025, 9:13PM IST
The Indian conglomerate, led by billionaire Gautam Adani, is planning to invest as much as $5 billion in Googles upcoming AI infrastructure hub in southern India, according to chief financial officer Jugeshinder Singh, showing the steady stream of investments pouring in the fast-growing data center business. The details of the investment are still being finalised, Singh told reporters at an event in Mumbai. Adani Enterprises last month announced a partnership with Alphabet, via AdaniConneX, to develop Indias largest AI data center campus at Visakhapatnam in Andhra Pradesh..The announcement mirrors the global trend where governments and large corporations are spending trillions in an unprecedented AI hardware arms race. Digital Connexion, a joint venture of Reliance Industries Ltd., signed an $11 billion investment pact for building data centers at Visakhapatnam this week, while Tata Consultancy Services Ltd. last week secured $1 billion from TPG Inc. to accelerate its own efforts.Investments in Indias overall data center market are expected to exceed $100 billion by 2027, according to estimates by CBRE Group Inc.
Continue reading at Economic Times
42m
Hyundai, Tata want govt to drop fuel emission concessions seen benefiting Maruti Suzuki
INDIA BUSINESS | Fri, 28 Nov 2025, 9:07PM IST
Major Indian car manufacturers are urging the government to remove a proposed weight-based emission concession for small cars. They argue this special provision unfairly benefits Maruti Suzuki and could hinder India's electric vehicle ambitions. Other automakers believe it creates an uneven playing field.
Continue reading at Economic Times
47m
India's telecom subscriber additions halves as urban mobile base contracts
INDIA BUSINESS | Fri, 28 Nov 2025, 9:07PM IST
Telecom firms added fewer subscribers in October 2025. Urban mobile users saw a decline for the first time. Growth slowed across the sector. Fixed Wireless Access and broadband showed continued expansion. Reliance Jio and Bharti Airtel lead the broadband market. Private operators dominate mobile services.
Continue reading at Economic Times
48m
BASIC Home Loan targets Rs 25,000 crore annual home loan disbursals by March 2026
INDIA BUSINESS | Fri, 28 Nov 2025, 8:52PM IST
Fintech startup BASIC Home Loan aims for Rs 25,000 crore in annual home loan disbursals by March 2026, driven by its AI assistant HOM-i. The platform automates credit checks and property evaluations, delivering instant loan decisions. With a focus on affordable housing and expanding its agent network, BASIC is enhancing HOM-i's accuracy to accelerate housing access.
Continue reading at Economic Times
1h
Adani plans $5 bn investment in Google AI data hub in South India: CFO
INDIA BUSINESS | Fri, 28 Nov 2025, 8:44PM IST
The details of the investment are still being finalized, Singh told reporters at an event in Mumbai. Adani Enterprises Ltd. last month announced a partnership with Alphabet Inc., via AdaniConneX Pvt
Continue reading at Business Standard
1h
PRISM seeks shareholder approval for Rs 6,650 crore IPO
INDIA MARKET | Fri, 28 Nov 2025, 8:39PM IST
Oyo parent PRISM will hold an EGM on December 20 to seek approval for raising up to 6,650 crore via fresh equity for its IPO and issuing a 1:19 bonus. Shareholders will also vote on increasing authorised capital to 2,491 crore
Continue reading at Economic Times
1h
Meesho says free cash flow positive ahead of 5,421 crore IPO
INDIA MARKET | Fri, 28 Nov 2025, 8:35PM IST
Indian e-commerce firm bets on AI, advertising and low-cost logistics to reach profitability as it prepares to test public markets
Continue reading at Business Standard
1h
Sebi wants regulated entities, agents to display name, registration number on social media
INDIA MARKET | Fri, 28 Nov 2025, 8:17PM IST
This proposal comes after the regulator observed the growing need to clearly distinguish content uploaded by Sebi-regulated persons from material posted by unregistered individuals on social media
Continue reading at Economic Times
1h
Ayush Mhatre to lead India in U19 Asia Cup
INDIA NEWS | Fri, 28 Nov 2025, 8:10PM IST
New Delhi: Promising batter Ayush Mhatre was on Friday retained as captain of a 15-member Indian team for the upcoming U19 Asia Cup in which the focus will be again on teen batting sensation Vaibhav Sooryavanshi.The age-group continental tournament will be held in Dubai from December 12-21 in 50-overs format.Mhatre had also led India during a multi-format tour of Australia in September and October.Vihaan Malhotra has been appointed as the vice-captain for the tournament which will serve as a preparatory ground for the U19 World Cup, to be played in Zimbabwe and Namibia in January-February next year.Sooryavanshi, the 14-year-old batting sensation, recently shone in the Rising Stars Asia Cup when he hit a 32-ball century for joint third-fastest in men's T20 format, while scoring 144 off only 42 balls against the United Arab Emirates.Kishan Kumar Singh has been picked in the squad subject to fitness, the BCCI said in a statement.India will open their campaign against a yet-to-be-confirmed opponent (qualifier) on December 12 before their match against Pakistan on December 14. They will play another qualifier on December 16.The semifinals are scheduled for December 19 with the final slated two days later on December 21.India U19 squad: Ayush Mhatre (c), Vaibhav Sooryavanshi, Vihaan Malhotra (vc), Vedant Trivedi, Abhigyan Kundu (wk), Harvansh Singh (wk), Yuvraj Gohil, Kanishk Chouhan, Khilan A. Patel, Naman Pushpak, D. Deepesh, Henil Patel, Kishan Kumar Singh*, Udhav Mohan, Aaron George.Standby players: Rahul Kumar, Hemchudeshan J, B.K. Kishore, Aditya Rawat.
Continue reading at Economic Times
1h
US stocks trade higher on last trading day of November, futures resume trade after outage
INDIA MARKET | Fri, 28 Nov 2025, 8:05PM IST
Wall Street indexes climbed Friday after a CME Group outage, which had temporarily frozen global trading, was resolved. Major indexes saw gains as markets reopened. Retailers were in focus with the holiday shopping season kicking off, while bets on a December Fed rate cut increased amid mixed economic signals.
Continue reading at Economic Times
1h
US stocks inch higher on last trading day of November, futures resume trade after outage
INDIA MARKET | Fri, 28 Nov 2025, 8:05PM IST
Wall Street's main indexes opened higher on Friday with futures trading springing back to life from an hours-long CME Group outage that had temporarily frozen currencies, commodities and equity contracts around the globe.
Continue reading at Economic Times
1h
US stocks open higher, futures resume trade after outage
INDIA MARKET | Fri, 28 Nov 2025, 8:05PM IST
Wall Street's main indexes opened higher on Friday with futures trading springing back to life from an hours-long CME Group outage that had temporarily frozen currencies, commodities and equity contracts around the globe.
Continue reading at Economic Times
1h
How to calculate dividend yield: A key metric for income investors
INDIA MARKET | Fri, 28 Nov 2025, 8:02PM IST
Dividend yield shows how much annual dividend income a stock generates relative to its market price. It helps investors assess income potential, compare returns, and gauge financial stability
Continue reading at Economic Times
1h
IRFC raises Rs 2,981 cr via maiden zero-coupon bond issuance
INDIA MARKET | Fri, 28 Nov 2025, 7:57PM IST
The issue received an overwhelming response, with bids of over Rs 7,500 crore against a base size of Rs 1,000 crore and a green-shoe option of Rs 4,000 crore, IRFC said in a statement
Continue reading at Economic Times
1h
Authum Investment's board approves 4:1 bonus issue
INDIA MARKET | Fri, 28 Nov 2025, 7:57PM IST
Authum Investment & Infrastructure approved a 4:1 bonus share issue, subject to approvals, while increasing authorised capital to 128 crore. The NBFC, which operates investment and credit businesses, reported softer Q2 earnings but strong one-year stock returns despite market volatility
Continue reading at Economic Times
1h
Farm sector GVA up 3.5% in Q2, collapses in nominal terms on low inflation
INDIA MARKET | Fri, 28 Nov 2025, 7:49PM IST
Agriculture was expected to do well and growth at 3.5 per cent is supported by a good kharif harvest expected, which will reflect more in Q3, said Madan Sabnavis
Continue reading at Business Standard
2h
Mindspace buys 3 office buildings for 2.9 cr
INDIA NEWS | Fri, 28 Nov 2025, 7:43PM IST
Mindspace Business Parks REIT has acquired three prime commercial assets in Mumbais business districts Worli and Bandra-Kurla Complex, and Punes Kalyani Nagar for Rs 2,916 crore from its sponsor K Raheja Corp Group.The listed REIT will fund the transaction partly through preferential issue of units of up to Rs 1,820 crore, subject to unitholder and regulatory approvals. In addition to this, the REIT will take over debt and other liabilities worth Rs 1,090 crore.These office assets together cover around 0.8 million sq ft of leasable office space and independent valuers have pegged their Gross Asset Value (GAV) at Rs 3,106 crore. With this transaction, Mindspace REITs portfolio will increase to nearly 39 million sq ft.Ramesh Nair, MD & CEO of Mindspace REIT, said the acquisition enhances the REITs scale, stability and presence in Mumbais CBD markets and supports long-term portfolio growth.Bringing these assets into the Mindspace REIT portfolio is a strategic step in strengthening our presence in Mumbais most sought-after CBD office districts. These are high-quality, institutional assets, with strong cash flows, and some of the biggest names of Wall Street as anchor tenants, he said.As part of the deal, the REIT will acquire Pramaan Properties, which owns about 0.45 million sq ft at Ascent in Worli and around 0.1 million sq ft of office space in Kalyani Nagar. It will also acquire Sundew Real Estate, owner of nearly 0.2 million sq ft at The Square Avenue 98 in the BKC Annexe.The acquisition cost of Rs 2,916 crore reflects a discount of around 6.1% to the average of two independent valuations. The REIT expects the acquired portfolio to add around Rs 226 crore to its financial year 2025-26 net operating income on a proforma basis, a growth of about 9%.Proforma distribution per unit accretion is estimated at around 1.7%. The front-office portfolio value contribution is expected to rise to nearly 7.9%.Committed occupancy for the acquired assets stands at around 86% for Ascent-Worli and 100% for both the BKC Annexe and Pune buildings. The projected weighted average lease expiry (WALE) for the combined portfolio is nearly seven years.The BKC Annex asset offers value-add opportunity through Mark to Market potential and area enhancement, the REIT said.Mindspace REIT has previously executed acquisitions including Commerzone Raidurg, consolidation at Commerzone Porur, expansions at Commerzone Yerwada, and the purchase of The Square, 110 Financial District in Hyderabad. The current transaction is its second sponsor acquisition and takes total acquisitions to nearly 3.2 million sq ft since listing.Mindspace REIT, listed in August 2020, owns office parks and standalone assets across Mumbai Region, Pune, Hyderabad and Chennai, with a total leasable area of 38.2 million sq ft as of 30 September.
Continue reading at Economic Times
2h
Mindspace REIT acquires 3 office buildings in Mumbai, Pune for Rs 2,916 cr
INDIA BUSINESS | Fri, 28 Nov 2025, 7:43PM IST
Mindspace REIT has bought three key office buildings in Mumbai and Pune for over Rs 2,900 crore. This deal significantly expands the REIT's portfolio. The acquisition will boost its scale and presence in prime business districts. The new assets are expected to generate substantial net operating income. This move strengthens Mindspace REIT's position in the Indian commercial real estate market.
Continue reading at Economic Times
2h
GDP growth in FY26 expected to be 7% or above, says CEA Nageswaran
INDIA NEWS | Fri, 28 Nov 2025, 7:40PM IST
India's GDP growth saw a six-quarter high of 8.2% in Q2 FY2026, increasing over the 7.8% growth seen in the first quarter of this fiscal
Continue reading at Business Standard
2h
more