Author: News Desk

US President Donald Trump said he spoke with Prime Minister Narendra Modi on the occasion of Diwali, discussing trade ties and regional stability, including the situation with Pakistan. At a Diwali event at the White House, Trump said, “I just spoke to your Prime Minister today. We had a great conversation about trade, he’s very focused on that. We also talked about keeping peace with Pakistan. India and Pakistan are not at war, which is a very good thing.” He described Modi as “a great person” and “a good friend” he has known for years. Trade and Tariffs Trump also…

India has rolled out major changes to its Aadhaar system that will have direct implications for banking, small savings and investment services. The updates span from increased update fees to stricter linking and verification rules, effective October 2025. Higher Update Fees & WaiversEffective 1 October 2025, UIDAI has revised its charges: demographic updates now cost ₹75 (up from ₹50), and biometric updates cost ₹125 (up from ₹100). Children aged 5–7 and 15–17 receive biometric updates free of charge, and document updates filed online are free until 14 June 2026. Mandatory PAN-Aadhaar LinkingFailure to link your Permanent Account Number (PAN) with Aadhaar may render your…

Shares of private banks, especially Yes Bank and RBL Bank, have drawn attention after Japan’s Sumitomo Mitsui Banking Corporation and UAE-based Emirates NBD acquired stakes in these Indian banks. Market Performance: Private vs PSU Banks Over the past eight months: RBL Bank Stock Outlook RBL Bank is trading above its 100-Month Moving Average (100-MMA) for the first time at ₹284, which acts as a key bullish pivot. Additional support exists at ₹274 and ₹258. Yes Bank Stock Outlook Yes Bank is testing its 20-Day Moving Average (20-DMA) around ₹22.15. A sustainable rally requires breaking and trading above ₹25.50, with interim resistance at ₹24.34.DCB Bank Stock Outlook DCB Bank recently surged 13% on the…

Ambuja Cements, part of the Adani Group and India’s second-largest cement producer, has reportedly placed an order for seven conventional bulk carriers with China’s state-owned Nantong Xiangyu Shipbuilding & Offshore Engineering. The deal is valued at approximately $100 million, though Ambuja Cements has yet to make an official announcement. Choice of Chinese Shipyard Ambuja Cements considered Cochin Shipyard, Swan Defence and Heavy Industries, and yards in Indonesia, the Philippines, and Vietnam before selecting Nantong Xiangyu, citing competitive pricing and early delivery schedules. Nantong Xiangyu is part of Xiamen Xiangyu Group, a state-owned Chinese enterprise. Purpose and Logistics Strategy The 19,000-deadweight ton (dwt) bulk carriers will transport cement and clinker for Ambuja’s Sanghi Industries 6.1…

Quick-commerce firm Zepto has removed around 300 employees from its payroll to reduce costs, according to Moneycontrol. These employees have been reassigned to third-party service providers who handle tasks for Zepto and other companies. Context: Funding and Valuation The layoffs come shortly after Zepto raised $450 million in fresh funding, bringing its valuation to $7 billion, up 40% from last year’s $5 billion valuation. Focus on Automation and Efficiency A Zepto spokesperson explained that the move is part of a broader effort to control monthly employee costs without affecting productivity. Over the past six months, Zepto has automated operational tasks such as invoice processing, replenishment, and real estate management, primarily handled…

Indian exports are navigating challenges following the 50% tariffs imposed by the United States under President Donald Trump. These tariffs affected over 60% of India’s exports to the US, including textiles, gems and jewellery, marine products, and leather goods. Pharmaceuticals and electronics were comparatively less impacted. Exports to the US fell sharply by 37.5%, dropping from USD 8.8 billion in May 2025 to USD 5.5 billion in September 2025, marking the steepest decline of the year, according to the Global Trade Research Initiative (GTRI). Market Diversification Softens Impact Despite these setbacks, India is successfully diversifying its export markets, turning trade barriers into opportunities. Exports grew 6.7% YoY in…

Business tycoon Anand Mahindra praised the serene charm of a village in Palakkad, Kerala, calling it “the perfect escape” from modern life. Sharing a video on X (formerly Twitter), he highlighted the simple rhythms of rural life and the beauty of authentic travel experiences. Finding Joy in Simplicity The video, originally posted by user @iAkankshaP to show a “South Indian Village Morning,” features lush greenery, traditional homes, and villagers starting their day. Mahindra commented, “It’s not a tourist destination, nor is it trying to be. At its best, travel awakens us to moments that are authentic, experiences that endure in our memories.” Reflecting…

The Dredging Corporation of India Limited (DCI) marked a milestone today with the launch of its newest vessel, Dredge Godavari, at Cochin Shipyard Limited (CSL). A Global First in Dredging DCI says the Godavari is the first-ever 12,000 m³ Beagle Series dredger constructed anywhere in the world, setting a new benchmark for the global dredging industry. Next-Generation Technology “The vessel has been designed with advanced engineering and modern technology, representing the next generation of dredgers,” DCI stated. “It delivers unmatched efficiency, precision, and environmental sustainability.” Collaboration and Expertise Built by Cochin Shipyard Limited in partnership with international design and technology experts, the Godavari features highly efficient dredging mechanisms, advanced…

As part of its clean energy goals, the Delhi government is intensifying efforts to expand rooftop solar installations across village areas under the PM Surya Ghar: Muft Bijli Yojana. The initiative aims to use the vast roof space in rural Delhi to boost renewable energy generation. Women Lead Awareness Effort Through ‘Solar Sakhi’ Campaign In support of this drive, Tata Power has rolled out the Solar Sakhi campaign in north Delhi, training about 100 women as community educators. These “Solar Sakhis” visit villages, explain the benefits of solar energy, and help residents access government subsidies. BSES is running similar outreach programmes across its own service areas. Subsidies…

Prime Minister Narendra Modi spent Diwali on Monday with Indian Navy personnel aboard the indigenous aircraft carrier INS Vikrant, stationed off the Goa coast. This marks the tenth consecutive year he has celebrated the festival with members of India’s armed forces, a tradition he began during his first term as Prime Minister. During his address, Modi praised the capabilities of INS Vikrant, remarking that the ship’s name alone was enough to give Pakistan “sleepless nights.” The visit comes months after Operation Sindoor, launched on May 7, following the Pahalgam terror attack that claimed 26 civilian lives. India’s First Home-Built Aircraft Carrier Commissioned…