ASG Eye Hospital to invest 2,000 crore to expand network to 700 centres by 2030
INDIA BUSINESS | Thu, 4 Dec 2025, 10:37PM IST
Signs definitive agreement to acquire Sharp Sight Eye Hospital chain in 400 crore deal
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US officials to visit India next week for bilateral trade talks: Report
INDIA NEWS | Thu, 4 Dec 2025, 10:36PM IST
A team of officials from the US is expected to visit India next week for talks on the proposed bilateral trade agreement, sources said on Thursday.
The visit is crucial as India and the US are working to finalise the first tranche of the pact.
"The team is likely to come next week. Dates are being finalised, and discussions are on," said one of the sources.
This visit of the US officials would be the second after the imposition of a 25 per cent tariff and an additional 25 per cent penalty on Indian goods entering the American market for buying Russian crude oil.
Earlier, the team had visited on September 16.
On September 22, Commerce and Industry Minister Piyush Goyal also led an official delegation to the US for trade talks.
He was accompanied by the then special secretary in the ministry, Rajesh Agrawal and other officials. Agrawal is now India's commerce secretary.
The USA's Chief Negotiator for the pact is Brendan Lynch.
The next week's visit would be important as Agrawal h
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9m
Pakistan approves Asim Munir as defense chief
INDIA NEWS | Thu, 4 Dec 2025, 10:35PM IST
Pakistan's widely popular army chief was confirmed to the newly created post of chief of defense forces, a position that was established last month to improve coordination among the army, navy and air force.Prime Minister Shehbaz Sharif's office said in a statement that a summary for the appointment of Field Marshal Asim Munir as both chief of army staff and chief of defense forces had been sent to President Asif Ali Zardari for approval. The president then approved the appointment, confirming Munir's expanded role. "The appointment is for a period of five years," the statement said. Sharif also approved a two-year extension for Air Chief Marshal Zaheer Ahmed Babar, the statement said. Munir has risen to prominence since earlier this year, when Pakistan said it defeated India in a four-day war. Pakistan and India in the tit-for-tat strikes in May targeted each other's military position after India struck targets inside Pakistan it said were affiliated with militants responsible for the massacre of 26 tourists in Indian-controlled Kashmir.But the two sides stepped back from the brink of war after U.S. President Donald Trump said India and Pakistan had agreed to a full and immediate ceasefire. Since then, the truce between the two nuclear-rivals is holding. The elevation of Munir comes months after Pakistan promoted him to field marshal, making him only the second military officer in the country's history to hold the title. The first was Gen. Ayub Khan, who led Pakistan during the 1965 war with India.The law passed by parliament last month stipulates that Munir will remain in uniform for life and will enjoy immunity from arrest, a move which has drawn criticism from the party of imprisoned former premier Imran Khan which says the grant of sweeping powers to Munir undermines democracy. The army has historically wielded huge influence in Pakistan, ruling it for half of the country's history. But it has also been fighting local and foreign militants since 2001, when Pakistan became an ally of the United States in the war on terror, and thousands of people, including sliders and police officers, have died since then in militant attacks.
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11m
Sebi impounds 546 cr, bars Avadhut Sathe academy for alleged violations
INDIA MARKET | Thu, 4 Dec 2025, 10:32PM IST
Sebi has barred Avadhut Sathe Trading Academy and impounded Rs 546 crore, alleging the outfit offered unregistered stock advice under the guise of education and misled participants
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13m
Putin calls US talks on Ukraine war 'useful' but also 'difficult work'
INDIA MARKET | Thu, 4 Dec 2025, 10:09PM IST
The high-stakes talks are part of Trump's renewed push to end the nearly four-year war
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37m
IndiGo cancels over 550 domestic and international flights on Thursday
INDIA BUSINESS | Thu, 4 Dec 2025, 10:09PM IST
IndiGo cancelled over 550 flights on Thursday amid operational disruptions, affecting domestic and international travel for hundreds of passengers. Punctuality dropped to 19.7 percent, down from 35 percent on Tuesday. The airline cited crew shortages and technical issues, and is implementing pre-planned cancellations while working to normalise operations, according to DGCA and company sources.
Continue reading at Economic Times
37m
Ahead of Market: 10 things that will decide stock market action on Friday
INDIA MARKET | Thu, 4 Dec 2025, 9:56PM IST
Indian markets ended slightly higher as IT stocks gained ahead of the RBI policy decision. Mixed global cues, a weak rupee and FII outflows capped gains, while analysts warned of resistance near 26,150 and possible volatility on Friday.
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INDIA BUSINESS | Thu, 4 Dec 2025, 9:51PM IST
Amid widespread disruptions across India, Civil Aviation Minister Ram Mohan Naidu has instructed IndiGo to normalize the operations at the earliest, adding that airport operators need to provide all the support to stranded passengers.
Continue reading at Economic Times
55m
As Trump Threatens to Leave North American Deal, Groups Urge Him to Do No Harm
GLOBAL NEWS | Thu, 4 Dec 2025, 9:39PM IST
Hearings that began Wednesday in Washington reflected anxiety over the future of the U.S.-Mexico-Canada trade pact and whether the president could end up scrapping it.
Continue reading at The New York Times
1h
Groups Express Anixety as Trump Threatens to Derail U.S.-Mexico-Canada Trade Pact
GLOBAL NEWS | Thu, 4 Dec 2025, 9:39PM IST
Hearings that began Wednesday in Washington reflected anxiety over the future of the U.S.-Mexico-Canada trade pact and whether the president could end up scrapping it.
Continue reading at The New York Times
1h
Putin questions US on India fuel rights
INDIA NEWS | Thu, 4 Dec 2025, 9:38PM IST
In another show of support to India, Russian President Vladimir Putin on Thursday questioned the United States over its reciprocal tariffs on New Delhi over its Russian oil imports.The Russian leader argued that Washington cannot object while continuing to buy Russian nuclear fuel itself.Speaking to India Today, Putin asked, If the US has the right to buy our fuel, why doesn't India have that privilege? US still buys nuclear fuel from Russia. India has the same rights as the US."The world has to treat India with respect," he added. Also Read | Putin lands in India for a two-day state visit; received at Palam airport by PM ModiThe President touched down in the national capital on Thursday for his first India visit in four years, accompanied by a large delegation.The former KGB leader was responding to the controversy triggered by US President Donald Trumps announcement of a 50% tariff on Indian imports if India continues to buy discounted Russian crude that the US administration believes is furthering Russia's war on Ukraine.Moreover, asked whether India has scaled back purchases due to pressure from Western capitals, Putin clarified that there has been a certain decline in overall trade turnover in the first nine months of the year, calling it a minor adjustment rather than a policy shift. "There has been a slight decline in overall trade turnover during the first nine months of this year, but this is just a minor adjustment."He added that energy cooperation between the two countries remains stable and mutually beneficial. President Putin also noted that Russia is looking to "correct" its "trade imbalance" with New Delhi and increase imports.Also Read | Russia, India to push toward $100 billion trade turnover by 2030: Russian Finance MinisterThe Russian leader also touched upon future military-technical cooperation, pointing to systems ranging from the S-400 to potential collaboration on the S-500 and Su-57 platforms. Putin said that Moscow is not merely exporting defence equipment but actively sharing technology with India something he described as a very rare occurrence in global defence partnerships. "We are not simply selling technology; we are sharing it, and that is a very rare occurrence in the sphere of military-technical cooperation," he said.
Continue reading at Economic Times
1h
RBI widens gold metal loan access for more jewellers under 2026 norms
INDIA BUSINESS | Thu, 4 Dec 2025, 9:26PM IST
RBI's new gold metal loan rules allow banks to lend to a wider set of jewellers, refine GMS-linked lending and enforce stronger risk controls, with the norms effective April 2026
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1h
Russian Education Agency opens its branch in India
INDIA BUSINESS | Thu, 4 Dec 2025, 9:22PM IST
The New Delhi branch will serve as a support centre for university applicants, with agency specialists to help them choose a study programme and university, complete all admission procedures, obtain visas, and handle any other necessary paperwork.
Continue reading at Economic Times
1h
Retailers suggest a 'one nation, one retail licence' policy to ease compliance
INDIA BUSINESS | Thu, 4 Dec 2025, 9:15PM IST
The retail industry needs a "plethora of licences to operate," said Spencer Retail CEO Anuj Singh, while speaking at a panel in IndiaEdge 2025, organised by industry body CII.
Continue reading at Economic Times
1h
Rupee slide may prompt Indians to shorten trips, cut spends abroad
INDIA NEWS | Thu, 4 Dec 2025, 9:13PM IST
As the rupee weakens past 90/$, outbound travellers may adjust itineraries or reduce spends, while inbound and domestic tourism gain as India becomes more cost-competitive.
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1h
Russia's Gazprombank, Alfa Bank seek RBI approval to set up India branches
INDIA MARKET | Thu, 4 Dec 2025, 9:07PM IST
US President Donald Trump has piled pressure on New Delhi over its ties with Moscow as India and Russia aim for bilateral trade of $100 billion by 2030, from $69 billion currently
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1h
Premiumisation driving growth in beauty, personal care industry
INDIA BUSINESS | Thu, 4 Dec 2025, 9:07PM IST
As per estimates, more than 226 million consumers are expected to purchase beauty products online in 2025, rising to 272 million by 2027. Direct-to-consumer sales are accelerating even faster, confirming the growing importance of omnichannel strategies
Continue reading at The Hindu
1h
Nvidia-backed Cohesity to invest $1 bn in India to boost cybersecurity
INDIA MARKET | Thu, 4 Dec 2025, 9:07PM IST
Cohesity will invest $1 bn in India over five years, expanding engineering centres in Bengaluru and Pune as it scales AI-driven cybersecurity amid rising global and domestic threat levels
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1h
IndiGo says ops will be restored by Feb 10, seeks relief from duty rules
INDIA MARKET | Thu, 4 Dec 2025, 9:07PM IST
IndiGo said that the disruptions have arisen primarily from "misjudgment and planning gaps" in the implementation of the flight duty time limitation rules
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1h
Tsugami launches 300 cr Chennai plant, boosting precision engineering
INDIA BUSINESS | Thu, 4 Dec 2025, 9:05PM IST
Tsugami has inaugurated a Rs 300-crore assembly and foundry unit near Chennai-its largest machine-tool investment in India-boosting local jobs and strengthening high-precision manufacturing
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1h
INDIA BUSINESS | Thu, 4 Dec 2025, 9:03PM IST
IndiGo has been ordered by the DGCA to submit a detailed action plan and fortnightly progress reports as flight cancellations hit 170200 a day. The Civil Aviation Ministry is closely monitoring the disruptions, while the regulator also asked IndiGo to propose FDTL relaxations and expedite steps to restore normal operations.
Continue reading at Economic Times
1h
DGCA orders IndiGo to submit action plan
INDIA NEWS | Thu, 4 Dec 2025, 9:03PM IST
As IndiGo continues to grapple with unprecendented number of flight cancellations for a third consecutive day on Thursday, the Directorate General of Civil Aviation instructed the airline to file a detailed action plan to stabilise operations. The body further directed the aviation gaint to submit progress reports every 15 days, detailing improvements in operations, crew availability and roster stability.The regulator issued the directive after daily cancellations surged to around 170200 flights this week far exceeding normal levels."IndiGos Operational Disruptions/cancellations of flights across the network was reviewed by the Civil Aviation Minister along with senior officials from Ministry of Civil Aviation (MoCA) and Indigo, and the situation is being closely monitored by MoCA," said an official statement from the DGCA.Also Read | What caused the chaos at IndiGo"Indigo is directed to submit the FDTL relaxations required to normalize the flight operations for DGCA review. DGCA will continue to maintain strict, real-time monitoring of IndiGos network performance, restoration efforts, and passenger-handling measures over the coming week," it added.The aviation body further said that it will continue close monitoring of IndiGos network and its handling of affected passengers over the coming week and has cautioned the airline against fare hikes amid disruptions.So far, Civil Aviation Minister K Ram Mohan Naidu has reviewed the situation with ministry and airport officials, and asked airports to support stranded travellers while fares are closely tracked.In a review meeting with the authority, IndiGo attributed the disruptions to crew-planning issues, the transition to revised Flight Duty Time Limitation (FDTL) norms, and winterseason constraints. As such, the airline has also been asked to specify which temporary FDTL relaxations it believes are necessary to stabilise services, for DGCAs review.Also Read | DGCA gives waiver to IndiGo from new pilot rest rules"IndiGo presented data on cancellations and provided initial reasons, including transitional challenges in implementing the revised Flight Duty Time Limitations (FDTL) CAR, crew-planning issues, and winter-season operational constraints," noted the DGCA statement.According to an ET report, IndiGo has been given a temporary waiver from implementing the FDTL norms in light of the current crisis.IndiGo has been given a temporary waiver till they settle their operations. The airline has been asked to give a mitigation plan and commitment to fix this, a person aware of the matter told ET. The updated FDTL rules were rolled out in two stages on July 1, 2025, and November 1, 2025 following court directions to improve fatigue management and bolster flight safety.
Continue reading at Economic Times
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DGCA gives waiver to IndiGo from new pilot rest rules
INDIA BUSINESS | Thu, 4 Dec 2025, 9:00PM IST
IndiGo is likely to receive a partial waiver from the DGCA on new pilot rest-duty norms after a severe operational meltdown forced over a thousand flight cancellations. The second phase of the rules, effective from November, limits night landings and significantly increased crew requirements. IndiGo, which failed to plan for the transition, is now facing a pilot shortage due to inadequate hiring and delayed training.
Continue reading at Economic Times
1h
Revenue from new cess to be shared with states: FM Nirmala Sitharaman
INDIA NEWS | Thu, 4 Dec 2025, 9:00PM IST
Parliament passes Central Excise (Amendment) Bill 2025
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1h
BAT to sell up to 15.3% stake in ITC Hotels via block trade process
INDIA MARKET | Thu, 4 Dec 2025, 8:57PM IST
BAT plans to divest up to 15.3% stake in ITC Hotels, calling the holding non-strategic; proceeds from the block trade will support its target leverage corridor by 2026
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1h
RBI defers credit information reporting norms for CICs to July 1, 2026
INDIA BUSINESS | Thu, 4 Dec 2025, 8:56PM IST
RBI pushed the amended credit information reporting directions to July 1, 2026 and eased reporting requirements after feedback, while also clarifying rules for BSBD accounts
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1h
Need to diversify India-Russia trade and make it more balanced: Goyal
INDIA NEWS | Thu, 4 Dec 2025, 8:44PM IST
According to government data, the total trade between India and Russia grew from $8.73 billion in FY22 to $68.7 billion in FY25, mainly due to New Delhi's oil purchases
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2h
Centre to review West Bengal's coal demand for 1,600 MW power project
INDIA NEWS | Thu, 4 Dec 2025, 8:35PM IST
The Centre is reviewing West Bengal's request for coal linkage for a new 1,600 MW unit under the revised SHAKTI Policy as the state looks to add capacity to meet rising demand
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2h
LIC partners with Yes Bank to expand reach through new bancassurance deal
INDIA BUSINESS | Thu, 4 Dec 2025, 8:31PM IST
LIC has entered a bancassurance partnership with Yes Bank, giving customers wider access to its life insurance plans as both institutions work toward the "Insurance for All by 2047" vision
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2h
Retail sector pushes for 'one nation, one retail' policy and simpler norms
INDIA NEWS | Thu, 4 Dec 2025, 8:31PM IST
Retailers at IndiaEdge 2025 urged a unified national retail policy, single-window digital clearances and fewer overlapping licences to ease compliance and support sectoral growth
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2h
Retail sector pushes for 'one nation, one retail' policy, simpler norms
INDIA NEWS | Thu, 4 Dec 2025, 8:31PM IST
Retailers at IndiaEdge 2025 urged a unified national retail policy, single-window digital clearances and fewer overlapping licences to ease compliance and support sectoral growth
Continue reading at Business Standard
2h
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