Economics News in English

Business Standard

Dec 17, 2025, 04:48 AM

Indian Overseas Bank Shares Slip 3.1% as Government Proposes Equity Sale

Indian Overseas Bank shares slipped 3.1 per cent on the BSE, logging an intra-day low at ₹35.41 per share. The selling pressure came after the government proposed to sell up to 3 per cent equity of the company through offer for sale (OFS).At 9:36 AM,Indian Overseas Bank’s share pricewas trading 3.01 per cent lower at ₹35.47 per share on BSE. In comparison, the BSE Sensex was up 0.22 per cent at 84,868.02.The company has a total market capitalisation of ₹68,303.12 crore. Its 52-week high was at ₹56.05, and its 52-week low was at ₹33.01.According to the filing, the promoter (governenment) proposes to sell up to 38,51,31,796 shares or 2 per cent of equity on December 17, 2025, for non-retail investors and on December 18, 2025, for retail investors, under the ‘Base offer’.ALSO READ:Stock Market LIVE: Sensex down 100 pts, Nifty nears 25,800 as HDFC, ICICI Bank weigh; SBI gains 1%Also ReadStock Market LIVE: Sensex down 100 pts, Nifty nears 25,800 as HDFC, ICICI Bank weigh; SBI gains 1%Park Medi World makes muted debut, lists at 4% discount; miss GMP estimatesNephrocare Health makes positive D-street debut; shares list at 6% premiumStocks to Watch today, Dec 17: Ola Electric, Vedanta, HDFC Bank, Akzo NobelAkzo Nobel tumbles most since March 2020 after 10.7% equity block tradeThe promoter has offered to sell an additional 1 per cent equity under the ‘oversubscription’ option.“The Promoter proposes to sell up to 38,51,31,796 Equity Shares of the Bank, (representing 2 per cent of the total issued and paid up equity share capital of the Bank) (“Base Offer Size”), on December 17, 2025, (“T day") (for non-Retail Investors (as defined below) only) and on December 18, 2025 (“T+1 day") (for Retail Investors, Employees (as defined below) and for non-Retail Investors who choose to carry forward their un-allotted bids from T day) with an option to additionally sell 19,25,65,898 Equity Shares (representing 1 per cent of the total issued and paid up equity share capital of the Bank) (the "Oversubscription Option") through a separate, designated window of the BSE Limited (the "BSE") and the National Stock Exchange of India Limited (“NSE", and together with the BSE, the “Stock Exchanges"), collectively representing 3 per cent of the total issued and paid up equity share capital of the Bank (held in dematerialised form in one or more demat accounts with the relevant depository participant), in accordance with the OFS Guidelines (such offer for sale hereinafter referred to as the "Offer"),” the filing read.ALSO READ:Stocks to Watch today, Dec 17: Ola Electric, Vedanta, HDFC Bank, Akzo NobelAs part of the OFS, up to 150,000 shares, representing 0.001 per cent of the bank’s equity, may be reserved for eligible employees, subject to approvals. The bank said employees can apply for shares worth up to ₹5 lakh.The stake sale is aligned with the Securities and Exchange Board of India (Sebi) norms that mandate all listed companies, including those in the public sector, to maintain a minimum public shareholding of 25 per cent. The deadline for compliance has been set at August 2026. The government currently owns 94.61 per cent of the Chennai-headquartered lender.The sale comes nearly two weeks after the Centre offloaded a 6 per cent stake in Bank of Maharashtra, reducing its shareholding in the lender to below 75 per cent. Besides Indian Overseas Bank, the government’s shareholding remains above the mandated threshold in Punjab & Sind Bank (93.9 per cent),UCO Bank(91 per cent), and Central Bank of India (89.3 per cent).

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Business Standard

Dec 17, 2025, 04:42 AM

Nomura Upgrades IGL to 'Buy' Amid Attractive Valuations and Emerging Margin Tailwinds

Japan-based brokerage Nomura has upgraded Indraprastha Gas Ltd (IGL) to ‘Buy’ from ‘Neutral,’ on the back of attractive valuations after a sharp correction and emerging margin tailwinds from easing global gas prices. Nomura has set a target price of ₹230.The brokerage also reiterated its ‘Buy’ rating onMahanagar Gas Ltd(Target: ₹1,510), as softer Henry Hub-linked gas prices are expected to reduce imported gas costs and support profitability for city gas distributors (CGDs).On the bourses,IGL share pricerallied up to 5.54 per cent to an intraday high of ₹193.35 per share, while MGL share price rose up to 4.22 per cent to an intraday high of ₹1,159.25.At 10:00 AM, IGL share was trading at ₹192.25, up 4.94 per cent. Meanwhile, MGL share was trading 2.81 per cent higher at ₹1,143.50. By comparison, BSE Sensex was trading flat with a positive bias at 84,692.75 levels.The upgrade comes amid evolving dynamics in global energy markets, where lower crude oil prices, currency movements and gas price corrections are reshaping margin outlooks across the oil and gas value chain.Also ReadStock Market LIVE: Sensex down 100 pts, Nifty nears 25,800 as HDFC, ICICI Bank weigh; SBI gains 1%Akzo Nobel tumbles most since March 2020 after 10.7% equity block tradeVedanta surges 5% in 2 days after NCLT approves demerger; brokerages upbeatShriram Finance up 3%, hits record as board to consider fundraise on Dec 19Astra Microwave set for growth; JM Financial initiates coverage with 'Buy'US Henry Hub gas prices corrected sharply in the week ended December 12, 2025, declining 5 per cent week-on-week (W-o-W) to $4.7/mmbtu, after touching multi-year highs earlier. On a quarterly basis, however, Q3FY26 Henry Hub prices were up 32 per cent quarter-on-quarter (Q-o-Q) at $4.0/mmbtu. Nomura believes the recent softening is positive for Indian CGDs, especially those with exposure to Henry Hub-linked contracts.MGL sources over 30 per cent of its gas from Henry Hub-linked contracts, while IGL’s exposure stands at around 18 per cent. Both stocks have corrected sharply over the past month, with MGL down 9 per cent and IGL down 14 per cent, compared with a 1 per cent rise in the Nifty 50. Nomura views current valuations as attractive, particularly as imported gas costs are likely to trend lower after the winter peak during December-February. Meanwhile, domestic gas prices, which are linked to Brent crude, are expected to remain muted, providing additional margin support.Oil prices, shale investment and Russian crude flowsOn the crude oil front, Nomura highlighted that soft oil prices could pressure new shale investments in the US. According to Argus, crude prices below $60 per barrel make new shale wells largely unprofitable due to elevated fixed costs, including materials, equipment, chemicals and higher labour expenses driven by inflation. Data from the Kansas City Fed Energy Survey suggest that new wells require a breakeven WTI price of $63 per barrel, while prices need to exceed $78 per barrel for any meaningful increase in drilling activity. While shale drilling remains correlated to WTI prices with a three-month lag, Nomura noted that sensitivity has declined as improved drilling efficiency allows fewer rigs to deliver higher output.Nomura also pointed to developments in Russian crude pricing, where the discount on Russian oil to Dated Brent for India has slightly widened to around $7 per barrel, from $6.9 previously. This widening reflects increased buying interest from China amid subdued Indian demand. Argus estimates that Chinese independent refiners may have purchased 9-15 million barrels of Urals crude for December and January arrivals.At the same time, Indian oil marketing companies (OMCs) are reportedly considering increasing Urals purchases, while seeking additional documentation to verify cargo origins, in line with Indian banks’ requirements to avoid sanctioned entities.That said, Nomura sees near-term gas price relief as a key positive for CGDs, underpinning its upgrade of IGL and continued preference for MGL, even as global oil markets remain shaped by weak prices, currency movements and shifting trade flows.Disclaimer: Target price and stock outlook has been suggested by Nomura. Views expressed are their own.

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Business Standard

Dec 17, 2025, 04:08 AM

China's Slowing Economy Spurs Surge in Government Job Applications Amid Fierce Competition

China’s slowing economy is changing how young people think about their careers. With private companies hiring less, many educated graduates are now choosing government roles for safety and stability. This shift has led to record numbers applying for civil service positions, even as competition for these jobs becomes tougher than ever,CNBCreported.Last month, around 3.7 million people across the country applied for the annual civil service examination. Many of them were graduates from China’s top universities. However, only about 38,100 entry-level government positions will be available from next year, meaning just one out of every 100 applicants is likely to be selected.Despite the low odds, interest in government jobs remains strong. China’s slowing economy, weak business confidence and a prolonged downturn in several industries have sharply reduced opportunities in the private sector.Urban unemployment among people aged 16 to 24 has stayed above 17 per cent since July. By comparison, youth unemployment in the US is close to 10 per cent.‘Iron rice bowls’ regain appealGovernment jobs in China were once known as “iron rice bowls” because of their job security, fixed working hours and steady benefits. As the economy opened up over the past two decades, young graduates increasingly preferred higher-paying roles in private companies, especially major technology firms such as Alibaba, Tencent and Huawei.Also ReadIMD issues alerts for cold wave, dense fog and snowfall across IndiaMusk's worth soars past $600 bn; richer than Bezos, Zuckerberg combinedDelhi AQI remains 'very poor'; govt announces BS-VI vehicle rulesTrump to deliver prime-time address on Thursday morning amid waning supportBest of BS Opinion: New rural jobs law will bring significant changesThat trend is now reversing. A long economic slowdown, combined with Beijing’s regulatory clampdown on sectors such as real estate, technology and private tutoring, has triggered large-scale layoffs. China’s top 500 private companies cut more than 314,600 jobs last year, the news report said.As job openings shrink and expectations remain high, many young people are lowering their ambitions and turning towards public sector roles.ALSO READ:China turns to domestic AI chips, looks to cut dependence on US firmsState firms seen as safer optionWithin the public sector, many graduates see state-owned enterprises as a safer bet than government agencies, which offer fewer positions and have extremely low pass rates.Wei Shan, a senior research fellow at the East Asian Institute at the National University of Singapore, told CNBC that students have a better chance of getting hired at state-owned companies, which usually offer more positions than government departments.At the same time, interest in private companies is fading. Only 12.5 per cent of graduates sought jobs in private firms last year, down sharply from 25.1 per cent in 2020.Rising layoffs, slower wage growth and weaker job security are driving young people to value stability more than high pay.Government hiring slows despite rising demandWhile applications for public jobs are surging, government hiring has not kept pace. Local governments are facing severe fiscal pressure due to the property slump and are hesitant to expand payrolls.Although public sector openings jumped sharply in 2020 during the pandemic, the central government has cut planned positions for 2026 by 4 per cent to 38,119.Competition has intensified. About one in 100 applicants will be hired next year, compared with one in 70 in 2023. In some rural posts, the odds are as extreme as one job for every 6,470 applicants.Work-life balance and fading faith in degreesExperts cited by CNBC say the rush toward public jobs is also linked to growing disillusionment with private companies and a stronger desire for work-life balance.At the same time, fewer students are pursuing postgraduate studies. Applications for China’s national postgraduate exam dropped to 3.4 million this year from 4.74 million in 2023.Economists warn that if top talent continues to cluster in government roles, innovation and long-term growth in the private economy could suffer, the news report said.

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Times of India

Dec 17, 2025, 04:03 AM

Indian Markets Anticipate Sideways Trading Amid Rupee Concerns

Market experts anticipate sideways trading in Indian markets due to the lack of significant short-term catalysts. (AI image)Stock market today:Nifty50andBSE Sensex, the Indian equity benchmark indices, opened flat in trade on Wednesday. While Nifty50 was above 25,850, BSE Sensex was near 84,700. At 9:16 AM, Nifty50 was trading at 25,864.25, up 4 points or 0.016%.BSE Sensex was at 84,705.43, up 26 points or 0.030%.Market experts anticipate sideways trading in Indian markets due to the lack of significant short-term catalysts.Dr. VK Vijayakumar, Chief Investment Strategist, Geojit Investments Limited says, “Recent sharp fall in the rupee and crude has been attracting the attention of investors. Decline in crude, on poor demand from China and the US, is good news for India’s macros, which are already in a Goldilocks setting.IPL Auction 2026IPL Auction 2026: Full list of sold and unsold players for all teamsIPL 2026 team and squad List: Updated players for all 10 Teams; who got whomHowever, sustained fall in the rupee is accelerating FII outflows, thereby hurting the market. This kind of sharp depreciation in the rupee was not expected particularly after the November trade data showed a sharp decline in trade deficit at $24.5 billion vs $41.5 billion in October.One possible reason for the RBI’s non-intervention in the currency market to stem the rupee slide is that the rupee depreciation is not hurting the economy.With very low CPI inflation of 0.71% in November, there is no threat of imported inflation. On the other hand, rupee depreciation is a boost for India’s exports which were impacted by the Trump tariffs.”“With the ongoing weakening of the AI trade, FIIs are likely to turn buyers in India sometime in 2026. If, along with this, a US-India trade deal happens, FIIs will turn buyers in India. There is a likelihood of rupee strengthening in H1 2026.Therefore, while FII selling is depressing stock prices now, investors should buy in anticipation of a 2026 rally.”US stock market indices showed varied results on Tuesday afternoon, with Nasdaq finishing higher, whilst the S&P 500 and Dow Jones declined due to losses in healthcare and energy sectors.Asian equities followed US markets lower at opening, showing modest declines after underwhelming US employment data failed to strengthen expectations for Federal Reserve rate cuts.Oil prices rose significantly on Wednesday following US President Donald Trump's declaration of "a total and complete" embargo on all sanctioned oil tankers entering and leaving Venezuela, heightening geopolitical concerns amidst existing demand uncertainties.Foreign portfolio investors conducted net sales of shares amounting to Rs 2,381 crore on Tuesday. Domestic institutional investors maintained net purchases at Rs 1,077 crore.(Disclaimer: Recommendations and views on the stock market, other asset classes or personal finance management tips given by experts are their own. These opinions do not represent the views of The Times of India)Get an chance to win ₹5000 Amazon Voucher by taking part in India's Biggest Habit Index! Take the survey here

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News18✓

Dec 17, 2025, 03:40 AM

Fortis Healthcare Launches First Standalone Tertiary Mental Health Hospital in India

Just a few kilometres away from Fortis Healthcare’s flagship super speciality hospital in Gurugram, its new healthcare facility has been launched that marks a first for India’s mental health system. A standalone tertiary hospital dedicated exclusively to mental healthcare has opened in the city, a model that has not existed in the country so far. The 36-bedded facility, called Adayu, has been set up to function as a tertiary centre for complex and severe mental health conditions that require prolonged, multidisciplinary care. According to Fortis Healthcare, it is the first standalone tertiary hospital for mental health in India. Explaining the name, Ashutosh Raghuvanshi, managing director and chief executive officer of Fortis Healthcare, said Adayu combines the word “add" with the Hindi word “Ayu", meaning life or age. “In short, it reflects the idea of adding value to life," he told News18. Unlike psychiatry departments housed within multi-speciality hospitals, Adayu operates as an independent mental health facility. Fortis plans to open another such standalone hospital in Mohali, Punjab, and expand the model further, with a total of ten centres planned over the next three years, Raghuvanshi said. The launch comes at a time when India continues to face a significant mental health burden. According to the government estimates, one in every seven Indians is living with some form of mental disorder, while access to specialised services remains limited. Infrastructure shortages persist, with only about four psychiatric beds available per one lakh population. Studies suggest that between 70 and 90 per cent of people living with mental health conditions in India do not receive adequate treatment, due to a combination of limited services, stigma, and affordability constraints. The Gurugram hospital has dedicated wards for child and adolescent psychiatric conditions, including child psychosis, anorexia and other eating disorders, as well as adult units for obsessive compulsive disorder, schizophrenia, and severe mood disorders. Treatment approaches include conventional psychiatric care along with newer interventions such as virtual reality-based therapy, artificial intelligence-enabled tools, and neuromodulation techniques, including magnetic stimulation. Outpatient consultation charges at the hospital start at Rs 1,500 for a 15-minute session, while in-patient admission charges begin at Rs 18,000. The facility is designed to admit patients requiring inpatient care for acute psychiatric illnesses as well as those needing long-term rehabilitation. “Admissions will include people suffering from severe depressive disorders, schizophrenia, obsessive compulsive disorder, eating disorders, substance abuse and de-addiction needs, as well as patients requiring structured rehabilitation where medication alone is not sufficient," said Dr Samir Parikh, psychiatrist, and head of Adayu. According to Parikh, care plans are structured around a combination of medication, therapy, and lifestyle interventions, depending on individual clinical needs. Patient safety and privacy have been factored into the hospital’s physical design. Entry to floors housing patient rooms is restricted, with access permitted only through card-based systems. Admission rooms have been constructed in line with suicide prevention guidelines, including closed balconies, fan-less ceilings and other structural safeguards aimed at reducing self-harm risks. At the same time, the hospital’s interiors have been designed to avoid an institutional feel. Common spaces and patient rooms have been laid out to resemble a residential environment, with the stated aim of reducing stress associated with hospitalisation. Floors are named after flowers, and patient rooms include standard residential furnishings such as beds, lamps and carpets. Admissions, Parikh said, will be decided in accordance with provisions of India’s Mental Healthcare Act, which lays down safeguards related to consent, patient rights and legal oversight. On how clinical outcomes will be assessed, he said evaluations would follow standard medical practice. “The efficacy will be evaluated based on whether the person is able to return to normal life or achieve the best possible level of functioning," he said. Affordability remains a broader challenge in mental healthcare. Parikh said insurance coverage for psychiatric treatment continues to evolve. “The insurance sector is under evolution," he said, adding that healthcare providers and insurers would need to work together to create frameworks that ensure mental illnesses are adequately covered under health insurance policies. As mental health increasingly enters policy and public health discussions in India, the rollout of a standalone tertiary care model will likely be closely watched — both for its clinical outcomes and for what it signals about the future direction of mental healthcare infrastructure in the country. According to Dr Mantosh Kumar, chief clinical services senior consultant at Adayu, the top five signs for people to spot mental illness and decide that they need professional help include changes in sleep pattern. “One of the biological functions of the body is sleep. Any changes in sleep pattern, whether it is reduced sleep or excessive sleep, disturbed sleep with frequent awakening or waking up 2-3 hours before their usual time of getting up could be a sign of mental illness." Similarly changes in diet, Kumar said, either eating very less or eating a lot more for a couple of days leading to either loss of body weight or sudden gain in body weight; both can be a sign of mental illness. “Someone who starts to isolate themselves suddenly, being aloof or not wanting to engage in regular conversations is another sign of mental health condition." Also, sudden drop in performance either at school or at work, or not being able to perform daily chores is one of the signs that one should look out for. Swipe Left For Next Video “Another aspect is either sudden onset of substance use or for someone to use more than what they were using earlier hence leading to dysfunction in regular life."

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Times of India

Dec 17, 2025, 02:58 AM

UPSSSC UP Lekhpal Recruitment 2025-26: Notification Released for 7,994 Vacancies

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First Post

Dec 17, 2025, 02:53 AM

US Job Market Shows Signs of Weakness as Unemployment Rises to Four-Year High

Worries are mounting for President DonaldTrumpat home after a delayedUSjobs report showed unemployment climbing to a four-year high, underlining fresh strain in the labour market. The Bureau of Labor Statistics said the jobless rate rose to 4.6% in November, as the economy struggled to regain momentum following months of disruption linked to the federal shutdown. According to figures released on Tuesday, the US economy lost 105,000 jobs in October and added 64,000 jobs in November. The unemployment rate increased from 4.4% in September to 4.6% last month. Almost all economic reports from the Bureau of Labor Statistics and the Census Bureau were delayed due to the historically long federal shutdown, which hampered data collection. As a result, the October report marked the first time in nearly eight decades that a monthly snapshot did not include the unemployment rate. The Census Bureau also reported that October retail sales remained flat, the weakest reading in five months. Employers added 64,000 jobs in November, exceeding many economists’ expectations, following a sharp October decline driven by the loss of 162,000 federal government roles tied to the Trump administration’s push earlier this year to cut government jobs. The Labor Department also said job gains in September and August were lower than initially estimated. The delayed release was the first full snapshot of the labour market since the US government shutdown. While the data pointed to growing weakness in the labour market, economists cautioned that it was unlikely to settle internal disagreements at the Federal Reserve over the future path of interest rates. The US central bank is balancing a weakening job market against rising prices. It cut interest rates by a quarter percentage point last week, its third cut this year, to support the slowing labour market. Projections released last week showed Fed officials largely expect one rate cut in 2026, though further signs of labour market weakness could strengthen the case for additional cuts next year. Analysts said the delayed report was unusually difficult to interpret. “For a data-dependent Fed, this morning’s data will only increase the internal debate,” said Chris Zaccarelli, chief investment officer at Northlight Asset Management. “It remains to be seen how attentive they are to the labour market versus the fact that inflation has remained stubbornly above their 2% target.” Fed Chair Jerome Powell is “likely to view today’s jobs data with a fair degree of scepticism”, said Seema Shah, chief global strategist at Principal Asset Management, adding that data distortions and tighter immigration policies mean the payroll figures “should not be taken at face value”. Still, Shah said the unexpectedly sharp rise in unemployment last month will “trigger some creeping concern within the Fed”. Kevin Hassett, director of the White House’s National Economic Council, said the figures followed an expected pattern. “I think that from the private sector point of view it’s just about what we’ve been getting all year. It’s solid upward trajectory,” he told CNBC. US President Donald Trump will deliver a live national address from the White House, reflecting on the past year’s achievements and outlining future plans, with expected focus on border security, the economy, and upcoming policy initiatives. Get the latest stories delivered straight to your inbox.

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Deccan Herald

Dec 17, 2025, 02:53 AM

Economist Warns of Logistical Challenges in India's Simultaneous Poll Reforms

New Delhi: Well-known economist Gita Gopinath has told the Parliament’s ‘ONOE’ panel that simultaneous polls to Lok Sabha and Assemblies could reduce election costs but warned that it could face “heavy logistical pressures” and “unusually high staffing needs” citing the example of 2024 Indonesian polls. Her advice was to undertake a systematic analysis of the experience of states – Andhra Pradesh, Odisha, Arunachal Pradesh, and Sikkim – that currently hold simultaneous elections, as it would provide a useful assessment of logistical challenges, cost-effectiveness, and help share best practices across states. In her written submission to the Joint Committee of Parliament, she said ‘ONOE’ (One Nation, One Election) could “reduce uncertainty and foster economic activity” as well as “increase” long-term infrastructure investment while emphasising that she views simultaneous polls as a “positive reform” from an economic standpoint. However, she said the exact costs of implementing simultaneous elections remain uncertain and logistical challenges of synchronising elections should not be underestimated, as underscored by Indonesia’s recent experience under fully simultaneous elections. Gopinath, IMF First Deputy Managing Director, said Indonesia last year faced “record spending, heavy logistical pressures, and unusually high staffing needs”, culminating in a Constitutional Court directive to partially separate elections from 2029. She will be appearing before the panel on Wednesday. “While India’s geography and administrative strengths – including robust identification infrastructure – may mitigate some pressures, there remains uncertainty as to the logistical process of synchronization and the net cost effects,” she said. A well-evaluated implementation will be essential to ensure that the reform becomes a sustainable model – one that contributes to long-term economic stability and growth, she said adding that it is also essential to address the “significant political and constitutional questions surrounding ‘ONOE’ such as its impact on federalism and the balance of power”. Emphasising that ONOE could reduce uncertainty and foster economic activity, she said studies show pre-election uncertainty tends to slow investment as international firms cut investment in countries in national election years. In the Indian context, she said this is reinforced by the Model Code of Conduct, which freezes new public projects during staggered state and national polls. “By reducing the number of separate election windows, synchronisation can reduce periods of uncertainty for both firms and ministries, thereby enabling steadier procurement and investment planning. This pattern is supported by evidence of stronger post-election growth in states with simultaneous elections,” she said. Gopinath also said election periods in India are often marked by short-term fiscal spending – typically in the form of subsidies or 'freebies' – that crowd out longer-term infrastructure investments. “International evidence mirrors this dynamic: governments commonly increase public deficits in election years, and later offset this spending with cuts to capital investment. This shift matters for growth, as capital spending in India generates roughly 2.5 times the GDP returns than transfer programs. By reducing the frequency of elections, synchronised elections could help shift public spending towards infrastructure investment and contribute to longer-term economic growth,” she added.

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News18✓

Dec 17, 2025, 02:35 AM

India's Economy Expected to Post 7.5% Real GDP Growth in FY27, Says Axis Bank Chief Economist

India is likely to post 7.5% real GDP growth in the next fiscal, with headline inflation staying within the Reserve Bank of India’s comfort zone, Neelkanth Mishra, chief economist at Axis Bank, said. Mishra pegged trend GDP growth at 7%, but expects real GDP growth to exceed that level, supported by structural and regulatory reforms, lower borrowing costs, faster capital formation and a cyclical boost from policy easing. “The receding fiscal drag and supportive monetary policy will drive above-trend growth of 7.5%, while structural reforms and regulatory easing will lift growth over the medium term," Mishra said on Tuesday while outlining his outlook for FY27. He added that such growth is unlikely to stoke meaningful inflation at least over the next year due to slack in the economy. Mishra projected FY27 headline inflation at around 4%, even with above-trend growth and a likely rebound in food prices. “Headline inflation will not rise to a level that necessitates monetary policy tightening. Given the economic slack, the economy can sustain above-trend growth for a few years before inflationary pressures build up," he said. He also noted that median inflation, which he described as a better indicator of underlying price pressures, has remained stable at around 3% for the past 18 months, signalling persistent slack in the economy. Mishra expects the RBI to maintain a softer monetary stance, even though policy rates have likely bottomed out. “There are other tools to increase money supply and support monetary transmission and credit growth," he said, adding that higher issuance of treasury bills and shorter-duration bonds could flatten the yield curve and pull 10-year bond yields down to 6% in FY27. Swipe Left For Next Video On the rupee’s recent weakness, Mishra said the depreciation appears to be more speculative than fundamental. “With the real effective exchange rate (REER) falling sharply and balance of payments trends remaining supportive, we expect depreciation pressures to ease," he said, adding that the recent surge in dollar outflows is likely temporary.

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Business Standard

Dec 17, 2025, 02:25 AM

RBI's Short-Dollar Position Constrains Rupee Intervention Amid Trade Deal Delays

By Bhaskar Dutta and Pratigya VajpayeeThe Indian rupee’s rapid slide to successive record lows in recent weeks has analysts debating why the central bank has refrained from intervening more forcefully to support the currency.A key reason is the Reserve Bank of India’s $64 billion short-dollar position — a pledge to supply large amounts of dollars in the future through derivatives contracts with lenders. This exposure constrains how freely the central bank can deploy additional dollars in the spot market to support the rupee. Sentiment has also been dented by foreign outflows out of local stocks and bonds amid delays in finalizing a trade deal with Washington.Although the RBI can draw on its foreign-exchange reserves, it faces limits on how aggressively it can act. Selling too many dollars raises the risk of rapid depletion at a time when India’s current-account deficit is expected to widen, partly due to the harshest US tariffs imposed on any Asian economy.The large short-dollar position has “reduced the central bank’s willingness to sell dollars aggressively, leaving the rupee more exposed to flow-driven pressure,” said Kunal Sodhani, head of treasury at Shinhan Bank. IDFC First Bank Ltd. analysts also say that the large short-dollar book has constrained the RBI’s intervention capacity.Also ReadRupee slips past 91 against dollar amid FPI outflows, riskoff tradeRBI to act only if rupee volatility rises beyond a point: Neelkanth MishrapremiumSensex cracks 533 pts, Nifty ends at 25,860; why markets fell today?Rupee slips past 91/$ to fresh low for 4th session; more downside?Rupee's relentless slide fuelling talk of RBI intervention, say bankersGlobal funds have pulled about $18 billion from local shares this year. Outflows from debt have also accelerated this month. The withdrawals have worsened the strain on the rupee while the 50 per cent US tariffs threaten exporters’ dollar inflows. At the same time, firm imports are keeping demand for the greenback elevated.The RBI’s relatively relaxed approach marks a shift from earlier interventions around the 89-per-dollar level in October and November. The stepback may be guided by its efforts to cushion exporters from the punitive US levies.“The RBI has to let the rupee act as a shock absorber as it would want to preserve its reserves at a sufficiently large level to maintain external resilience,” said Anubhuti Sahay, an economist at Standard Chartered Plc.Adjusted for the short-dollar book, the import cover provided by the RBI’s foreign reserves has shrunk to about 10 months from 11 months earlier, she said.The rupee has weakened about 2 per cent this month, hitting a new record low of 91.0837 per dollar on Tuesday. That takes its year-to-date decline to nearly 6 per cent, cementing its status as Asia’s worst-performing currency.India remains among the few major economies yet to seal a trade pact with the US, although President Donald Trump last week spoke with Prime Minister Narendra Modi as negotiators work to resolve differences over the long-delayed agreement.“The key issue at the moment is sentiment, which risks turning into a psychological spiral,” said Ashhish Vaidya, head of treasury at DBS Bank in Mumbai. “Having said that, a lot of the negatives are priced in for the rupee,” he said, estimating a broad trading range of 90-92 per dollar.

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First Post

Dec 17, 2025, 02:13 AM

Doctor Sentenced to Home Confinement for Role in Matthew Perry's Ketamine Overdose

A doctor who pleaded guilty in a scheme to supply ketamine to actorMatthew Perrybefore his overdose death was sentenced Tuesday to 8 months of home confinement. Judge Sherilyn Peace Garnett handed down the sentence that included 3 years of supervised release to 55-year-old Dr. Mark Chavez in a federal courtroom in Los Angeles. Before the sentence was delivered, Chavez addressed the judge and said he had lost a loved one recently and understood the grief that Perry’s death has caused. “I just want to say my heart goes out to the Perry family,” he said. Chavez acquired ketamine and gave it toDr. Salvador Plasencia, who was sentenced to 2 1/2 years in prisonearlier this monthfor selling ketamine to Perry in the months leading up to his death. Chavez’s attorneys emphasized the difference between the two doctors and said that Chavez “accepted responsibility early” by cooperating with investigators and voluntarily giving up his medical license ahead of his detention hearing. “These are real steps that someone takes toward accountability,” attorney Matthew Binninger said. He called the sentence a “fair and just outcome” for the case. Perry had been taking the surgical anestheticketaminelegally as a treatment for depression. But when his regular doctor wouldn’t provide it in the amounts he wanted, he turned to Plasencia. Plasencia admitted to taking advantage of Perry, knowing he was a struggling addict. Plasencia texted Chavez that Perry was a “moron” who could be exploited for money, according to court filings. Chavez admitted to obtaining the ketamine from a wholesale distributor on false pretenses andpleaded guiltyto one count of conspiracy to distribute ketamine. He has not been in custody. Perrystruggled with addictionfor years, dating back to his time on “Friends,” when he became one of the biggest TV stars of his generation as Chandler Bing. Hestarred alongsideJennifer Aniston, Courteney Cox, Lisa Kudrow, Matt LeBlanc and David Schwimmer for 10 seasons from 1994 to 2004 onNBC’s megahit. Chavez is the second person to be sentenced of the five defendants who have pleaded guilty in connection with Perry’s death at age 54 in 2023. Perry was found deadby his assistant on Oct. 28. The medical examiner ruledketaminewas the primary cause of death. The actor had been using the drug through his regular doctor in a legal but off-label treatment for depression that has become increasingly common. Seeking more ketamine than his doctor would give him, about a month before his death Perry found Plasencia, who in turn asked Chavez to obtain the drug for him. He met with Plasencia between San Diego and Los Angeles to hand off ketamine he gotusing fraudulent prescriptions. In all, he admitted to supplying 22 5-milliliter vials of ketamine and nine ketamine lozenges. Chavez will also be expected to do 300 hours of community service. The otherthree defendantswho reached deals to plead guilty will be sentenced at their own hearings in the coming months. Garnett has said she would seek to make sure all the sentences made sense in relation to one another. Pakistan’s anti-terrorism court sentenced Zaheerul Hassan Shah, a senior Tehreek-e-Labbaik Pakistan leader, to 35 years in prison for inciting violence against ex-Chief Justice Isa, amid a crackdown on the banned group after recent deadly clashes. Get the latest stories delivered straight to your inbox.

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Times of India

Dec 17, 2025, 02:03 AM

India's Rural Women: Empowered Through Self-Help Groups

Over the past few decades, women’s participation in India’s rural economy has moved from the margins to the centre of policy conversations. From savings collectives and micro-enterprises to agriculture, dairy and small manufacturing, women - particularly in hinterlands - are increasingly being seen not merely as beneficiaries of welfare, but as economic agents capable of driving household incomes and local growth.When Shashibala Sonkar from a small town in Mirzapur, UP, first joined a self-help group (SHG) five years ago, she saw it as a way to make a little money to ease her financial troubles and access small loans. This year, she crossed a milestone that officially changed her life: her household income surpassed Rs1 lakh a year, qualifying her as a Lakhpati Didi - one among millions of rural women recognised by the Centre as economic contributors and community inspirations.IPL Auction 2026IPL Auction 2026: Full list of sold and unsold players for all teamsIPL 2026 team and squad List: Updated players for all 10 Teams; who got whomLakhpati Didi Scheme: PM Modi Empowers Over 20 Lakh Women in Bihar with Cash Support Ahead of Polls“Our finances were not strong. I used to look for some or other work through which I could support my family. I used to do tailoring and knitting, then I joined the samooh (SHG) and things changed” said Shashibala in conversation with TOI.Her story reflects a shift in rural India’s socio-economic landscape. This shift in thinking has found formal expression in the government’s push to strengthen and scale self-help groups (SHGs), which today form one of the largest women-led grassroots economic networks in the world.With millions of women organised into savings and credit collectives, the focus has gradually moved beyond subsistence livelihoods towards income sustainability and entrepreneurship.And this shift is also increasingly becoming a political battleground.What is aLakhpatiDidi - And where did It come from?The term Lakhpati Didi refers to a member of a self-help group whose annual household income exceeds Rs 1 lakh, sustained over at least four agricultural or business cycles, with a monthly average above Rs 10,000.These women are recognised not just for income, but for adopting sustainable livelihood practices and managing resources effectively.The idea was centrally promoted by the Union government in 2023 on Independence Day, when Prime Minister Narendra Modi described his vision of making “two crore Lakhpati Didis in villages”, highlighting the role of SHG women in the rural economy.This target was taken forward with formalisation in the Budget 2024, where finance minister Nirmala Sitharaman raised the scheme’s ambition from two crore to three crore Lakhpati Didis.The initiative builds on the Deendayal Antyodaya Yojana - National Rural Livelihoods Mission (DAY-NRLM), launched under the ministry of rural development. This is itself the evolved form of India’s long-standing SHG network, which traces its institutional history to 1992’s NABARD SHG-Bank Linkage Programme and gained scale under NRLM from 2011 onwards.How self-help groups work on the groundAn SHG typically comprises 10-20 rural women who save small amounts collectively, access credit, and then invest in income-generating activities.These range from dairy and agriculture to services and small enterprises. Over time, the groups federate into larger bodies for better access to training, finance and markets.Shashibala told TOI, in 2021 she along with some other women of the community established ‘Om Sai Ajivika Mahila Swayam Sahayata Samooh’ which has been “transformative and helpful’ for her and all the other women associated with the group.Currently she is the only one from the group to be recognised as Lakhpati Didi.She says, “the journey which began five years ago has been slow, steady, but sustainable.”Under DAY-NRLM, SHGs receive:Revolving funds (Rs 20,000–Rs 30,000 per group, of their own saving),Community investment funds (up to Rs 2.5 lakh),Bank linkages (Financial inclusion is a key component to make SHG members preferred clients of the banking system, which in turn helps in)Collateral-free bank loans up to Rs 20 lakh with interest subvention and overdraft facilities.The system has helped organise nearly 9–10 crore women into over 90 lakh SHGs nationwide as of mid-2025.These funds form the very backbone on which the initiatives by SHG sustain themselves. Shashibala has established a Namkeen manufacturing unit in her town with the help of funds acquired through the SHG.According to her, who also holds a senior position in the group, the loans “aren’t that difficult to get” when compared to usual bank loans which require collateral, guarantees and a lengthier process.“When we started the group I decided I needed something sustainable and even my son was planning for business so we went for namkeen business. But the problem was the finances, you can ask relatives for help but then after everything they’ll offer what a few thousands that’s not enough,” she told TOI.She further added, “I initially took a loan of Rs 2 lakh from CCL (joint account of position holders in group), it wasn’t that difficult to get it, probably due to SGH, and further some help through ‘Gram Sanghatans’ which work in association with self-help groups.”She also tells us that although getting loans through group wasn't a task, it was comparatively when she required more capital and her son applied for a loan under PMEGP (PM employment generation program).But, it became “easier” when she became a guarantor in the application and eventually acquired a Rs 10 lakh loan.In many states, SHG groups have diversified beyond savings and credit into local manufacturing, services and even tech-related work.For instance, Sita Devi from a small village in Karnal, Haryana, after enrolling under NRLM, she underwent FL-CRP training and completed her graduation. She later received drone pilot training in Gurgaon.On completing the course, she was provided a drone, which now forms the backbone of her livelihood. She undertakes agricultural tasks such as fertiliser spraying and crop monitoring.SHGs have been mobilised for campaigns like Har Ghar Tiranga - stitching tricolour flags linked to rural livelihoods - demonstrating their reach into community life.Scale and impact - By the numbersThe latest official figures show a sharp rise in women achieving Lakhpati Didi status.By late 2025, over 2 crore women had crossed the Rs 1 lakh household income threshold, spanning thousands of self-help groups across states.Shashibala said, “there are people from ‘Development alternative’ (people from government) who work in coordination with SGH, they look into and facilitate initiatives, make regular regulatory visits and they this year in their August audit decided to recognise her as Lakhpati Didi.”Earlier this year on Independence Day when PM Narendra Modi from the rampart of Red Fort acknowledged the contribution of Lakhpati Didis to the economy and women empowerment, Shashibala was among the 15 Lakhpati Didis sitting in the audience gallery.She was also given the certificate of recognition by the UP deputy CM Keshav Prasad Maurya in an event to felicitate the newly recognised Lakpati Didis in August.Individual states have also pushed their own efforts: Uttar Pradesh recorded over 17.09 lakh Lakhpati Didis, with investments in revolving funds, bank loans and sector-specific linkages like integrated farming, dairy, sericulture and producer groups.Meanwhile Gujarat reported nearly 5.96 lakh Lakhpati Didis, backed by over Rs 1,400 crore in funds and Rs 3,600 crore in credit to SHGs.Why they matter beyond economicsSHGs - and by extension Lakhpati Didis - are more than income networks. They serve as conduits for financial literacy, skill development, collective action, social support and opinion making. The government’s own notes describe them as fostering inclusion and entrepreneurship, not just subsistence livelihoods.As in the case of Shahsibala, there is now always a perpetual beeline of media, organisations and people inviting her to events, and ceremonies. She now has become an inspiration for many women, more recently Gates Foundation is working on a series with her, focusing on empowering women, and bolstering the reach and development work of the self-help group network.Researchers also point to the vital roles SHG women played during crises like the COVID-19 pandemic, where they took up mask production, sanitiser making and community outreach, illustrating their importance in local resilience.The tight knit network and personal equations provides these women from humble backgrounds a sworn credibility and a standing in local communities, much more than average political party or leader. This has helped these women to emerge as a new brand of influencers - which work probably on a more reliable, traditional word of mouth.The election lens: Why SHG women are politically significantAs a long-term development project, SHGs are not new. But what has changed in recent years - and become politically salient - is the scale Lakhpati Didi has gained political visibility at a time when rural women’s votes - particularly in swing regions - matter decisively.In the 2024 Lok Sabha election, parties across the spectrum sought to court women voters with tailored promises, from direct cash transfers to livelihood programmes. While Lakhpati Didi itself was not an election manifesto pledge per se, its enhancement in Budget 2024, including the decision to raise the target from two crore to three crore women - presented mid-election year - added a political dimension to it.Political analysts note that SHG women represent a large, organised and socially influential constituency, particularly in states such as Bihar, Uttar Pradesh, West Bengal, Andhra Pradesh, Telangana, Odisha and Madhya Pradesh, where rural votes often decide tight contests.Unlike cash-transfer beneficiaries, SHG me...

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Financial Express

Dec 17, 2025, 01:45 AM

Indian Markets End Lower Amid Global Cues; Sebi Meeting Scheduled for December 17

The GIFT Nifty opened Wednesday’s session at 25,928, rising slightly by 0.05%. Investors are watching global cues, including trends in Asian and US markets, currency movements, and commodity prices, along with domestic economic indicators and upcoming data releases. On December 16, Indian benchmark indices ended lower. The Sensex fell 533.50 points, or 0.63%, to close at 84,679.86, while the Nifty 50 dropped 167.20 points, or 0.64%, to settle at 25,860.10. Key global and domestic cues on December 17, 2025 The Securities and Exchange Board of India’s (Sebi) board is set to meet on December 17, to consider a host of regulatory reforms. Among the major items up for discussion is SEBI’s proposal to exclude all statutory levies from the total expense ratio (TER) charged by mutual funds. A host of stock broker norms may also be looked into. Asia-Pacific markets showed mixed trends in Wednesday’s session. Japan’s Nikkei 225 slipped 0.14%, while the Topix fell 0.37%. In South Korea, the Kospi rose 0.5% and the Kosdaq gained 0.66%. Australia’s S&P/ASX 200, meanwhile, ended lower by 0.21%. US markets ended mixed, with the broader market index slipping 0.24% to close at 6,800.26. The Nasdaq Composite edged up 0.23% to finish at 23,111.46, while the Dow Jones Industrial Average fell 302.30 points, or 0.62%, to end at 48,114.26. The Indian rupee continued to weaken on Tuesday (December 16). The currency slipped past the 91 level for the first time. This marked a fresh record low for the fourth session in a row. During the day, the rupee fell to 91.08 against the US dollar. It later recovered slightly to close at 91.03. The US Dollar Index (DXY) , which measures the dollar’s value against a basket of six foreign currencies, was 0.02% down at 98.19 on Wednesday morning. The index evaluates the strength or weakness of the US dollar in comparison to major currencies. The basket contains currencies such as the British Pound, Euro, Swedish Krona, Japanese Yen, Swiss Franc, etc. Crude oil prices traded mixed on Wednesday morning. US benchmark West Texas Intermediate crude slipped 0.46% to $55.73 a barrel, while Brent crude rose 0.76% to $59.37 a barrel. Foreign Institutional Investors sold Indian equities worth Rs 2,382 crore, while Domestic Institutional Investors bought shares worth Rs 1,077 crore, as per exchange data on December 16. Gold prices in India edged higher. On the MCX, February 5, 2026 gold futures were trading at Rs 1,34,405 per 10 grams in the latest update. In the international market, gold was trading at $4,342.40 per ounce. Some sectoral stocks saw positive movement in today’s session. The plastics sector recorded a gain of 2.24%, emerging as one of the top performers. This was followed by the fertilisers sector , which rose 1.46%, while rubber stocks moved up 1.30%. The gems and jewellery sector also ended in the green, registering a gain of 1.16%. Group-wise movement was mixed in the session. The Patodia Group saw its market capitalisation rise by 4.34%, while the Anil Ambani Group gained 2.74%. Shares from the Williamson Magor Group also ended higher, up 2.30%. On the other hand, the Yash Birla Group saw a decline of 3.04%, the Indiabulls Group slipped 3.69%, and the Manipal Group recorded the sharpest fall among the lot, down 5.18%.

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The Indian Express

Dec 17, 2025, 01:18 AM

Actor Ankit Sagar on Playing Real-Life Money Launderer Javed Khanani

Director Aditya Dhar’s directorial Dhurandhar isfilled with characters inspired by real life.While many similarities have been condemned, there are some which have been appreciated as well. One of the peculiar characters from the film is Ankit Sagar, playing the character of Javed Khanani, of the Khanani brothers. Recently the actor talked about his experience of playing Javed and whether he knew who he really was. Karachi-based hawala titan Khanani was ISI’s money man, its shadow banker. If the terrorist organisation wanted to move money without raising any eyebrows, they went to him. He ran Khanani & Kalia International with his brother which spearheaded economic sabotage in India. He looked like an accountant, spoke like one too but his work was hardly that — its ambit included managing the money for terror organisations such as Al Qaeda, Lashkar-e-Tayyiba and Jaish-e-Mohammed, as well as cleaning the cash for the dreaded D-Company. KKI was designated as a “significant transnational criminal organisation” by the US. He also spearheaded the fake currency notes flooding India, which were both sophisticated and nearly identical to Indian rupee. Some estimates say Rs 1,500–2,000 crore worth of Pakistan-origin fake notes were pumped into India in the early 2000s, and were used to fund Jihad.

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Financial Express

Dec 17, 2025, 01:14 AM

India's Passive Euthanasia Debate: A Call for Paradigm Shift

The Supreme Court has set up a secondary medical board to examine a youth and help decide the fate of his plea for passive euthanasia. As a debate resurfaces, fulfilling conditions to earn judicial nod to a dignified death remain infeasible and demand a paradigm shift, explains CKG Nair. The Supreme Court is faced with the ground realities of implementing its earlier judgments on passive euthanasia. In an appeal seeking passive euthanasia, filed by the parents of Harish Rana, a young man in a vegetative condition for 12 years. The court, during a hearing last week, remarked, “We will have to do something now. We can’t allow him to live like this.” In 2018, the Supreme Court legalised passive euthanasia, in the Common Cause vs Union of India; but under rigorous conditions. In 2023, a five-judge Bench of the court relaxed some of the conditions. The court also emphasised that “the fundamental right to life, under Article 21 of the Constitution, also include the right to dignified death”. And a dignified life (including death) and personal liberty go together. Accordingly, every individual has been granted the right to specify the conditions under which s/he does not want to proceed with her/his life; when s/he reaches a stage/condition which is not dignified. A living will is a formal, legally valid document prepared in advance by a person in a state of full consciousness, and without any external compulsion, stating under what conditions s/he does not want to prolong life by means of medical support. Since the health/medical conditions under which the will has to be invoked are to be specified in that document, it is also called advance medical directive/s. The conditions relate to documenting and preserving living wills and enforcing them at the time of need are laborious. The governments of states and Union Territories have to notify the rules, nominate custodians for preserving copies of each will, and retrieve it when sought by the hospital authorities. In India, the concept of a living will has evolved over time with landmark judicial verdicts shaping the legal discourse on the right to a dignified death as a fundamental right under Article 21. Euthanasia and/or medically assisted deaths are legal in some countries. Switzerland, the Netherlands, Belgium, Luxembourg, Canada, Colombia, Spain , New Zealand, and Ecuador allow it although with varying criteria regarding incurable conditions, unbearable suffering, and age. A few states and territories in Australia and the US also allow it. Portugal and Uruguay have passed laws; France and the UK are at different stages of making the law. In India, crossing the first step of judicial sanctity for passive euthanasia in 2018 was a milestone. In order to implement the will, confirmation from two medical boards—a primary and a secondary medical board, the latter one with a representative of the district medical authority—is needed. In case of differences of opinion between the two boards, filing a writ petition with the high court is the only remedy, which is a tall order for many. As of mid-2025, only a few states, such as Goa, Karnataka, Kerala, and Maharashtra, have notified the rules and appointed custodians. Maharashtra did it only after a strong intervention from the Bombay High Court, when it heard a public interest litigation from a doctor who faced problems in submitting his living will to the municipal authorities. Several senior citizens known to this writer, many of them doctors in Kerala who have submitted living wills, are apprehensive about its implementation when the time comes. Now, the meaning of “medical support” has come to haunt Harish Rana (and many others). In July 2024, the Delhi High Court declined to allow his passive euthanasia on the ground that he was dependent on a “feeding tube”; not on medical equipment/support. The same issue is putting the Supreme Court in a dilemma. The ground realities of life and death need to be understood in its multi-dimensional magnitude. Medical science has made rapid advances in prolonging the lives of people; but not necessarily good health. In 2019, 10.1% of India’s population was above 60 years. The percentage is estimated to grow to 19.6% by 2050. Ensuring dignified medical care and life to such a big cohort (34 crore, assuming India’s population is 170 crore by 2050) will be a colossal fiscal and health challenge. Our approach to voluntary rights needs a paradigm shift. A voluntary right is an enabler for those who like to use it; not a weapon against others. Opposing voluntary rights is restricting individual liberty. Medical mummification of people at unbearable agony to those unlucky and to their caregivers is not the way to uphold the fundamental right to dignified life and death of citizens. A simple legal provision and easy implementation process, devoid of bureaucratisation, is the need of the people. To enable them to voluntarily choose a dignified end as part of right to life. The author is a public policy commentator

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Financial Express

Dec 17, 2025, 01:10 AM

PDS Ltd: A Contrarian Bet Worth Considering?

Stock market investing is often about spotting what others miss. Most retail investors look at a high Price-to-Earnings (PE) ratio and run away. They fear a “ valuation trap .” But sometimes, the smartest people in the room see something else. Today, we discuss one such stock that looks like a value trap to many. With current valuation that looks incredibly expensive, this stock has caught the attention of three of India’s most famous “ super investors ” and they own a huge chunk of this company. These Warren Buffetts of India are Mukul Agrawal , Vallabh Bhanshali and Sanjiv Shah . Names that are sure to turn heads for the right reasons. And when a stock is backed by these 3, it deserves a deep dive. The company in question is PDS Ltd . If you look at PDS Ltd PDS Ltd on a screener, you might see a standalone PE ratio of about 200. A number that looks scary and is hard to justify for any company, let alone a textile player . Especially when the industry median is just 38x. This is sure to make you wonder why are investors like Sanjiv Shah, Mukul Agrawal and Vallabh Bhanshali holding this stock? What is it that these super investors are seeing that is missing the eye of the average investor? Before we try and figure it out, it is important that we know more about PDS. Incorporated in 1998, PDS Ltd was earlier known as PDS Multinational Fashions Limited. The company is in the business of trading ready to wear apparels, providing services to group companies engaged in the export of ready to wear apparels and sourcing & distribution of their products. But that is not all. The company is also engaged in the business of holding, owning, leasing or licensing real estate. It is not just one factory. It is a holding company with a massive network of over 50 subsidiaries across the globe. So, while the standalone business only earns some service fees and dividends, the real money lies with its subsidiaries. Which makes it imperative to look at the consolidated numbers, and once we do that the picture changes completely. The consolidated PE drops to around 47x. Now while this number is not exactly what many investors find “cheap,” it is far from the scary 200x figure. Retail investors often follow the “Smart Money.” In the case of PDS Ltd, the list of shareholders reads like a Hall of Fame of Indian investing. According to the latest shareholding data available on Screener, here is who owns a piece of the pie. #1 Sanjiv Dhireshbhai Shah : Known for his deep-value picks, he holds a massive 4.82% stake. #2 Mukul Mahavir Agrawal : A star in the mid-cap space, he owns 2.38%. He is known for spotting multi-baggers early in their growth cycle. #3 Vallabh Bhanshali : A veteran market voice, the Co-Founder of the ENAM Group along with the silent Warren Buffett of India, Nemish Shah holds 1.10% under his personal portfolio, and another 1.5% under Enam Investment & Services Pvt Ltd. A holding by these 3 investors speaks a lot about the trust these investors have in the company. It suggests they believe the company still has potential despite a big correction. To understand why these investors are interested, you must look past the “Textile” label. PDS is not a typical garment manufacturer. It does not own hundreds of rusting factories or heavy machinery. Instead, think of PDS as the ‘Amazon of Fashion Sourcing’. It operates on a model called “Platform as a Service.” The company is a leader in design-led sourcing, which means they don’t just take orders. They design clothes for global giants like Primark, Tesco, and Walmart. Plus, it also undertakes outsourced manufacturing and partner with over 600 factories worldwide. To put it simply, PDS gets the order, and the partner factory makes it. This keeps PDS asset-light with less worry about maintaining machines. On the other hand, through PDS Ventures, is where the game changes. The company is also investing in the future. They have invested in tech startups like Style Theory and Smartex, a clear bet on fashion technology. This unique model allows PDS to scale up without spending huge amounts of money on new factories. And that could be the hook for the super investors. Let’s look at the financials of the company to try and find out what holds the attention of the 3 super investors. The company’s sales are recovering amidst drop in global demand for clothes triggered due to inflation in the US and Europe. Despite this, PDS posted consolidated sales of Rs 3,419 cr in the September quarter. This is a jump from Rs 2,999 cr in the June quarter. It shows that orders are flowing in again. For a long-term view, the company’s sales have grown at a compounded rate of 14% between FY20 and FY25. EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) for the company have logged compounded growth of 19% from Rs 204 cr in FY20 to Rs 481 cr in FY25. And for H1FY26, EBITDA of Rs 154 cr was already recorded. When it comes to profits, there is volatility, but the situation seems to be improving. The net profit for the quarter was Rs 48 cr, which is a jump from the Rs 20 cr they made in the June quarter. But still lower than the Rs 75 cr the company made in March 2025. Between FY20 and FY25, the company has recorded a compounded profit growth of 24%. Investors must know that PDS runs on very thin margins. Their operating profit margin (OPM) is usually around 3% to 4%. Because they are a trading and sourcing platform, they work on high volumes but low margins per item. This means even a small rise in costs can hurt their profits. As of September 2025, PDS has cash and equivalents amounting to Rs 1,007 cr, which could be taken as a war chest that helps them survive tough times. When it comes to debt, the company has borrowings of about Rs 1,229 cr. While debt is present, it‘s debt to equity ratio stands at 0.7x. While this is more than desirable, its not scary. Add to that the company’s current ROCE (Return on Capital Employed) of 16%, which is one of the highest when compared to industry peers. The industry median currently is 8%. Which simply means that for every Rs 100 PDS uses as capital it makes a profit of Rs 16 on it while its peers average around Rs 8. And the company does not shy away from sharing such wins with its investors. PDS has a history of paying healthy dividends (around 19% payout). This pays investors to wait while the stock price recovers. The dividend yield on the stock is about 0.9%. Let us now take a look at the share price of PDS Ltd . The company’s share was trading at a price of around Rs 82 in December 2020 and as on 16 th December 2025 it was Rs 359, which is a jump of almost 340% in 5 years. However, the stock has seen a drop in the last 12 months. The dip in yearly profit growth (down 27% TTM; partially due to a high base effect) is probably the reason the stock price has fallen recently. At the current price of Rs 359, the stock is trading at a discount of 46% from its all-time high price of Rs 666. PDS Ltd is a classic “contrarian” bet. It looks expensive on the surface and faces short-term headwinds. But under it all, it is a global ‘platform’ giant with a solid balance sheet. No wonder investors like Mukul Agarwal, Vallabh Bhanshali and Sanjiv Shah have been attracted to the company. Now that the stock is currently trading at a discount of over 45%, it is giving rise to a lot of questions in the investor cycles, to ascertain if this is a trap hiding in plain sight or a big opportunity one will regret missing out on. Which way will PDS move and will it be able to bounce back is a hot question now. Although it has already shown signs of a comeback, it will be fascinating to watch how this stock does in the year to come. For now, adding this stock to a watchlist is an intelligent idea. Note: We have relied on data from www.Screener.in and www.trendlyne.com throughout this article. Only in cases where the data was not available, have we used an alternate, but widely used and accepted source of information. The purpose of this article is only to share interesting charts, data points and thought-provoking opinions. It is NOT a recommendation. If you wish to consider an investment, you are strongly advised to consult your advisor. This article is strictly for educative purposes only. Suhel Khan has been a passionate follower of the markets for over a decade. During this period, He was an integral part of a leading Equity Research organisation based in Mumbai as the Head of Sales & Marketing. Presently, he is spending most of his time dissecting the investments and strategies of the Super Investors of India. Disclosure: The writer and his dependents do not hold the stocks discussed in this article. The website managers, its employee(s), and contributors/writers/authors of articles have or may have an outstanding buy or sell position or holding in the securities, options on securities or other related investments of issuers and/or companies discussed therein. The content of the articles and the interpretation of data are solely the personal views of the contributors/ writers/authors. Investors must make their own investment decisions based on their specific objectives, resources and only after consulting such independent advisors as may be necessary.

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Financial Express

Dec 17, 2025, 01:06 AM

Ethiopia Honours PM Modi with Highest Civilian Award

Ethiopia on Tuesday conferred its highest civilian award- The Great Honour Nishan of Ethiopia – on Prime Minister Narendra Modi . He said the recognition belongs to the countless Indians whose trust, contributions, and efforts have shaped and strengthened the bilateral partnership. PM Modi is the first global Head of State or Head of Government to receive this award. Ethiopian Prime Minister Abiy Ahmed Ali bestowed the award. Ethiopia’s top honour marks the 28th top foreign State award bestowed on PM Modi. In his remarks, PM Modi said that the award is a matter of great pride for him. “Just now, I have been conferred with the highest award of the country – The Great Honor Nishan of Ethiopia. To be honoured by a very ancient and prosperous civilisation of the world is a matter of great pride for me. On behalf of all Indians, I humbly accept this honour. This award is for all those numerous Indians who shaped our partnership,” the Prime Minister said. “On this occasion, I also express heartfelt gratitude to my friend PM Abiy Ahmed Ali. Last month, when we met during the G20 Summit in South Africa, with great love and right, you had urged me to visit Ethiopia. How could I have turned down this invitation from my friend, my brother? So, at the first chance, I decided to come to Ethiopia,” he added. PM Modi lauded the role of teachers in fostering relations between Ethiopia and India. “Had this visit been in accordance with the normal diplomatic process, perhaps it would have taken a lot of time. But your love and affection, brought brought me here just within 24 days,” he said. “We, in India, have always believed – Knowledge Liberates. Education is the foundation stone of any country. I am proud that in Ethiopia and India relations, the most significant contribution has been from our teachers. Ethiopia’s great culture attracted them here and they received the great fortune of preparing several generations here. Even today, several Indian faculty members are serving at Ethiopian Universities and higher education institutions,” he added. The Prime Minister said that the future belongs to partnerships based on vision and trust. “Together with Ethiopia, we are committed to furthering such partnerships which can bring forth a solution to evolving global challenges and build new opportunities,” he said. The Prime Minister dedicated the award to 140 crore people of India. “I’m honoured to be conferred with the ‘Great Honour Nishan of Ethiopia.’ I dedicate it to the 140 crore people of India,” he said in a post on X. BJP said that PM Modi getting 28th international honour is reflection of India’s rising global stature and his respected leadership on the world stage “Pure pride for India. Ethiopia has conferred its highest civilian award, The Great Honour Nishan of Ethiopia, on PM Shri Narendra Modi — making him the first global Head of State or Government to receive this distinction. This 28th international honour is reflection of India’s rising global stature and PM Modi’s steady, respected leadership on the world stage. The whole nation celebrates as he dedicates this honour to 140 crore Indians,” the party said in a post on X. India and Ethiopia on Tuesday elevated the bilateral ties to “strategic partnership” with PM Modi stating that the decision will provide bilateral relations new energy, new speed and new depth. In his remarks during a meeting with Ethiopian Prime Minister Abiy Ahmed Ali, PM Modi said India and Ethiopia are democratic powers committed to peace and the welfare of humanity and are co-passengers and partners of the Global South. “Today, we are elevating India and Ethiopia relations to a strategic partnership. This step will provide our relations with new energy, new speed and new depth,” he said. “India and Ethiopia have had contact, communication and exchange for thousands of years. Our two countries, which are rich in languages and traditions, are symbols of unity in diversity. Both countries are democratic powers committed to peace and the welfare of humanity. We are co-passengers and partners of the Global South. On international platforms, we have stood shoulder-to-shoulder. The African Union HQ in Ethiopia makes Ethiopia the meeting point of African diplomacy. Inspired by the common vision of inclusive world, in 2023, India ensured that the African Union became a G20 member,” he added. In his remarks, PM Abiy Ahmed Ali said that Ethiopia’s economy is performing strongly. PM Modi arrived in Ethiopia on Tuesday for a two-day visit. He was accorded a warm welcome at the airport.

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Financial Express

Dec 17, 2025, 12:52 AM

Market Watch: Ola Electric Mobility, Indian Overseas Bank, Reliance Industries, and More in Focus Today

A range of corporate announcements across sectors is likely to keep several stocks in focus today. From promoter stake sales and government divestment plans to fresh order wins, the updates span automobiles, banking, consumer goods, infrastructure, defence and pharmaceuticals. Here is a look at the key stocks expected to see action in trade today. On December 16, the benchmark indices ended lower, with the BSE Sensex closing at 84,679.86, down 533.50 points or 0.63%. The Nifty 50 also declined 167.20 points, or 0.64%, to finish at 25,860.10. Stocks to watch today, December 17, 2025 Shares of Ola Electric Mobility will be in focus after co-founder Bhavish Aggarwal sold 2.6 crore shares, or about 0.6% equity, through a bulk deal. The shares were sold at an average price of Rs 34.99, taking the transaction value to nearly Rs 92 crore. The company clarified that the sale was a one-time move to repay a promoter-level loan of Rs 260 crore. Following this, all previously pledged shares, amounting to 3.93% of equity, will be released. As of September 2025, the promoter continued to hold a little over 30% stake in the company. Indian Overseas Bank will remain on investors radar after the Government of India announced an offer for sale of up to 3% equity through the stock exchange mechanism. The base offer includes 38.51 crore shares, representing 2% of the bank’s paid-up capital, along with a green shoe option for an additional 1%. If fully exercised, the total offer size will be close to 57.77 crore shares. Reliance Industries is in focus after its consumer business, Reliance Consumer Products, announced its entry into the packaged foods segment. The company has relaunched the legacy brand SIL as its flagship offering, starting with products such as noodles, jams, ketchups, sauces and spreads. NBCC (India) announced new work orders worth about Rs 345.04 crore, excluding Goods and Services Tax. The major portion includes a project management consultancy assignment from the Indian Institute of Technology, Mandi, valued at nearly Rs 333 crore. The orders were received in the ordinary course of business, according to the company. Shares of BEML may see action after the defence public sector undertaking announced that it has secured an order worth around Rs 110 crore from the Ministry of Defence. The contract involves the supply of engines and was disclosed through a stock exchange filing. Glenmark Pharmaceuticals wholly owned subsidiary, Glenmark Specialty Sociedad Anonima, entered into an exclusive licensing and distribution agreement with Jiangsu Hansoh Pharmaceutical Group Company. The agreement relates to Aumolertinib, a third-generation epidermal growth factor receptor tyrosine kinase inhibitor used for treating non-small cell lung cancer, strengthening Glenmark’s oncology portfolio. Protean eGov Technologies board approved the acquisition of a 4.95% equity stake in National Securities Depository Limited Payments Bank. The company will invest Rs 30.2 crore through a cash-based equity subscription for over 93 lakh shares. The transaction is expected to be completed within 60 days from the execution of the agreement, subject to customary approvals.

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First Post

Dec 17, 2025, 12:30 AM

Dhurandhar Pioneers New Franchise Culture in Bollywood with Simultaneous Filming

In an industry where sequels typically arrive years later—diluted, disconnected, and chasing the ghost of the original—Dhurandhar 2wishes to go beyond and attempts to make a difference with its craft. The cliffhanger isn’t pretentious or provocative but poignant. Ranveer Singh, the chameleon he is, allows the other actors in the ensemble to take centre stage and morph with others in the background. And for those yearning for his presence will get to see the whole of the mammoth iceberg when the second part blazes the celluloid on March 19 next year. _Dhurandhar Part 1 and Part 2_were shot back-to-back. As one continuous production. Same cast, same crew, same creative momentum. Then split for release. It’s the first time a big-budget, mainstream Hindi film has attempted this at scale. And if it works the way we believe it will, it could reshape how Bollywood thinks about franchises entirely. This isn’t uncharted territory worldwide. Tarantino shotKill Billas one film, then split it into Volume 1 and Volume 2.Pirates of the Caribbeanlocked in cast and crew for back-to-back shoots. TheMatrixsequels embraced parallel production to preserve creative coherence. Dhurandharis different. This is Ranveer Singh, Sanjay Dutt, Akshaye Khanna, R. Madhavan, Arjun Rampal—major stars, major budget, major theatrical ambition. That’s not indie-daring. That’s studio-scale conviction. Shooting two films simultaneously means doubling down on budget, resources, and exposure. If Part 1 failed, Part 2 still exists—already made, already expensive. It signals to the industry that back-to-back production isn’t just viable in India—it’s potentially more lucrative and creatively sound than the old model of waiting years between sequels. This could be the birth of a new franchise culture in Bollywood. One built on conviction rather than caution. Dhurandharis a high-octane action-thriller written, directed, and produced by Aditya Dhar, and produced by Jyoti Deshpande and Lokesh Dhar. It features a stellar cast including Ranveer Singh, Akshaye Khanna, Sanjay Dutt, R. Madhavan, Arjun Rampal and Sara Arjun. Pakistan’s anti-terrorism court sentenced Zaheerul Hassan Shah, a senior Tehreek-e-Labbaik Pakistan leader, to 35 years in prison for inciting violence against ex-Chief Justice Isa, amid a crackdown on the banned group after recent deadly clashes. Get the latest stories delivered straight to your inbox.

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The Indian Express

Dec 17, 2025, 12:30 AM

Early Warning Signs of Kidney Disease in Diabetes Patients: Don't Ignore These Subtle Symptoms

Kidney disease is one of the most common complications seen in people with diabetes. Unfortunately, most patients miss the earliest signs. This is because kidney damage doesn’t start with dramatic symptoms. “In early-stage kidney disease, symptoms are usually minimal or vague, such as slight swelling, mild fatigue, or foamy urine due to protein leakage, explains Dr Harsha Kumar H N, Senior Consultant – Nephrology & Transplant Physician, Aster RV Hospital, Bangalore. According to Dr Kumar, fluid retention is often the first red flag. “When your kidneys can’t get rid of extra fluid, it starts building up. Mild swelling around your feet or eyes is an early sign of kidney damage,” he says. Urine also gives many clues. “Foamy or bubbly urine means protein leakage. Frequent urination at night, dark or tea-coloured urine, or reduced urine output should not be ignored. If you see these signs, consult a kidney specialist before it gets worse.” Constant tiredness, weakness, or aheaviness in the lower backcan also indicate early kidney strain. “Even slightly rising blood pressure should be taken seriously because kidneys play a key role in regulating it,” the nephrologist tells indianexpres.com. But how can one be sure that the diabetes has now started affecting the kidneys? Dr Kumar stresses the importance of routine screening. “A urine albumin-to-creatinine ratio (UACR) is often the earliest indicator of kidney damage,” he says. “An eGFR blood test tells us how well the kidneys filter waste. Every diabetic should get both tests at least once a year.” Monitoring blood pressure is just as critical because “high BP both causes and worsens kidney disease.”

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News18✓

Dec 17, 2025, 12:30 AM

Top News Highlights: Electoral Rolls, National Herald Case, and More

News Headlines for School Assembly, December 17th:From ECI releasing the draft electoral rolls for West Bengal to Crown Prince Al Hussein Bin Abdullah II driving Prime Minister Narendra Modi to the Jordan Museum, here are today’s top news highlights. – The Election Commission of India has released the draft electoral rolls for West Bengal after a month-long Special Intensive Revision exercise, potentially igniting fresh political debates in the state. – Despite relief from a Delhi court for Sonia Gandhi and Rahul Gandhi in the National Herald case, the Enforcement Directorate’s investigation team may wait for the Delhi Police’s Economic Offences Wing (EOW) to complete its probe before filing a fresh chargesheet, known as a prosecution complaint, according to ED sources. – Documents accessed by CNN-News18 reveal the truth about the disputed land on which Birch by Romeo Lane was illegally constructed in Goa. The ‘death trap’ was operating on land originally marked as an ecologically sensitive salt pan in government records. – In a special gesture, Crown Prince Al Hussein Bin Abdullah II drove Prime Minister Narendra Modi to the Jordan Museum on Tuesday. He also drove PM Modi to the airport and bid him farewell. – Ahmed al Ahmed, the 44-year-old bystander hailed as a hero for disarming one of the shooters at Sydney’s Bondi Beach on Sunday, said he doesn’t regret his actions and would do it again despite enduring severe pain. – Novak Djokovic begins his quest for an 11th Australian Open crown and a record-extending 25th Grand Slam title. – Prime Minister Narendra Modi stated on Tuesday that India remains the fastest-growing major economy and is poised to become the third largest economy in the world. He also proposed doubling bilateral trade with Jordan to $5 billion over the next five years. – The Indian rupee hit a fresh low of 91.14 against the US dollar on Tuesday during early trade amid FPI selloffs and uncertainties over the US-India trade deal. The rupee opened at 90.87 at the interbank exchange, recovered to 90.79 before breaching the 91 level and hitting the record low of 91.14. Swipe Left For Next Video

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Times of India

Dec 17, 2025, 12:17 AM

Digital Disconnect: Connaught Place's Broken Public Wi-Fi and Charging Infrastructure

New Delhi: Hemant, 35, had just pulled down his shop shutter and was about to head home when he noticed his phone battery had dropped to 5%. The last metro was minutes away. Panicking, he went in search of a charging point and spotted a public charging station in Connaught Place.He plugged in his phone, only to find the ports dead. In the heart of one of Delhi's biggest commercial markets, Hemant suddenly found himself digitally disconnected.Hemant's story isn't unique. Across CP, countless visitors and shopkeepers walk on a broken digital path.In 2018, New Delhi Municipal Council (NDMC), in collaboration with MTNL (now BSNL) and a private digital firm, launched a project called "CP LYF".IPL Auction 2026IPL Auction 2026: Full list of sold and unsold players for all teamsIPL 2026 team and squad List: Updated players for all 10 Teams; who got whomThe plan was to turn CP into a digitally connected public zone — with 50 public Wi-Fi hotspots offering up to 1GB of free data per user each month and about 400 smartphone charging ports spread across the inner and outer circles.A spot visit by TOI, however, revealed a vastly different picture. Several charging points lay unused or non-functional, and the public Wi-Fi hotspots barely held a signal. Though users could still log in through the portal, the connection was weak, patchy and prone to constant drops.Even sending a message on WhatsApp became a challenge."I've seen these smart displays across CP, but I always thought they were just for advertisements. My friends and I had no idea they also offered free Wi-Fi and charging facilities," said Priyanka, a 23-year-old college student and a regular shopper at CP.For many like Priyanka, smart ideas mean little if not implemented properly. While the infrastructure was put in place, a lack of promotional and awareness campaigns meant that even today, many regulars at CP remain clueless about the "50 premium points" that were supposed to be free public amenities.It's not only Wi-Fi connectivity struggles; the charging ports tell a grim story too. At several points across CP, many charging sockets were missing, while others hung loose or lay covered in dust, scratches and grime. Multiple ports were non-functional, all seemingly sharing the same fate of disuse and decay.Rohan, 32, who sells phone cases in CP, said intoxicated people and ragpickers often steal the ports to sell them for a small sum."If they can't steal them, they make them unusable by scratching them with a blade or stone. Officials used to come frequently to fix the ports, but once the market shuts, these people return and ruin the infrastructure again. It's a constant loop."Along with Wi-Fi and charging facilities, these premium points were also equipped with digital infotainment displays meant to guide visitors with maps, directions and information about the market.However, most of these screens are now almost entirely taken over by advertisements, leaving little to no public information visible. Some displays have even gone blank, serving no purpose at all."Once I tried charging my phone at one of these panels but couldn't reach it; nearby stalls had completely encroached upon the space, leaving only the display visible," said Pankaj, 25, a frequent visitor. "Now, most of these stalls occupy the areas in front of the panels, making them difficult for the public to access."These facilities also create cybersecurity risks that outweigh the benefits. As the Wi-Fi requires only a phone number and OTP for access — without a secure password — it becomes an easy entry point for hackers. Public charging ports also carry the risk of hardware tampering, where attackers can install malicious components that compromise a smartphone as soon as it begins charging.Asked about the status of the Wi-Fi and charging points, an NDMC official said the facilities were installed in collaboration with BSNL, formerly MTNL, under the ‘Smart City' project. BSNL oversees their functioning and maintains the user data logged on the portal, along with registration and network operations. NDMC added that BSNL's technical officials conduct inspections "from time to time" to check the condition of the "50 premium points".No clarification was, however, provided on whether there are plans to upgrade the current services.There was no response from BSNL to TOI's queries.Get an chance to win ₹5000 Amazon Voucher by taking part in India's Biggest Habit Index! Take the survey here

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Times of India

Dec 17, 2025, 12:04 AM

West Bengal Electoral Roll Revised: 7.6% Deletions Due to Incomplete Information

.New Delhi: The draft electoral roll for West Bengal published on Tuesday, along with those for four other states/UTs under Phase 2 of special intensive revision (SIR) has 7.1 crore electors after 7.6% (58 lakh) of its 7.6-crore electorate as of Oct 29, 2025, was found to be dead, shifted/absent or enrolled at multiple places.Electoral registration officers (EROs) also found that 28 lakh enumeration forms were returned without mapping with the roll from the last SIR, while ‘logical discrepancies’ were found in forms submitted by 1.65 crore electors.This means around 1.9 crore electors in West Bengal will be issued notices by EROs, to explain the discrepancies and produce verifying documents. A hearing will be held to ascertain the elector’s whereabouts prior to the last SIR.IPL Auction 2026IPL Auction 2026: Full list of sold and unsold players for all teamsIPL 2026 team and squad List: Updated players for all 10 Teams; who got whomThose who fail to satisfy the ERO will not make it to the final roll.WB roll deletions at 7.6%, Kol North tops with 26%These electors returned their forms with incomplete or incorrect details (the changed rule under SIR Phase 2 did away with the need to submit any documents).TOI has learnt that the ‘logical discrepancies’ include more than six progeny being linked to the same parent in the roll from last SIR, an elector aged more than 45 years who has never enrolled, ‘father name mismatch’, less than 15-year or over 50-year age difference with the parent, and less than 40-year age difference with the grandparent.Though the rate of deletions in West Bengal is 7.6% — comprising 3.2% dead electors, 4.3% shifted/absent and 0.18% enrolled at multiple places — the district-wise deletions ranged from a low of 3.3% in Purba Medinipur to 25.9% in Kolkata North and 23.8% in Kolkata South. Paschim Bardhaman saw 13.1% electors being struck off the district’s rolls.Significantly, the deletions in seven districts bordering Bangladesh are below the state average — only North 24 Parganas and South 24 Parganas reported higher deletions of 9.5%.However, the ‘father name mismatch’ rate in border districts is high: 15.9% in Malda, 15% in Uttar Dinajpur and 12.5% in Murshidabad. Even Darjeeling, bordering Nepal, has 13.8% ‘father name mismatch’ and Kalimpong, which adjoins Darjeeling, 19.9%.As for the other states/UTs where draft rolls were published on Tuesday, Rajasthan saw 41.8 lakh, or 7.6% of its 5.48-crore electorate as of Oct 29, being removed from the rolls.The deletions in both Goa and Puducherry were a little over 1 lakh; Puducherry saw the highest rate of exclusions at 10.1%, bringing down its electorate to 9.18 lakh from 10.2 lakh. Goa had 8.45% of its 11.8 lakh electors struck off the rolls, reducing its electorate to 10.8 lakh.In the small UT of Lakshadweep, around 2.47% of voters were found to be dead, shifted and duplicate electors, shrinking its electorate to 56,384 from 57,813.The list of dead, shifted/absent and duplicate voters has been shared with booth level agents (BLAs) of political parties and published on the CEO website and public offices. Claims and objections can be filed by the elector or BLAs till Jan 15, 2026. The notice phase, involving hearing and verification of eligibility documents, will continue up to Feb 7, 2026.The final roll for the five states/UTs will be published on Feb 14, 2026.

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Times of India

Dec 16, 2025, 11:59 PM

Telangana Chief Minister Seeks Central Support for Education Infrastructure

Hyderabad: Positioning education spending as an investment in Telangana's social and economic future, chief minister ARevanth Reddyon Tuesday pressed the Union govt to exempt ₹30,000 crore of proposed borrowings for the education sector from FRBM limits and to clear long-pending demands for premier national institutions such as an Indian Institute of Management (IIM), nine Kendriya Vidyalayas (KVs) and 16 Jawahar Navodaya Vidyalayas (JNVs) in accordance with the increased number of districts in Telangana.The chief minister, who has been in New Delhi since attending the AICC's rally against ‘vote chori' at Ram Leela Maidan on Sunday, met Union finance ministerNirmala Sitharamanand Union education minister Dharmendra Pradhan in Parliament to seek central support for Telangana's expanding education infrastructure.During his meeting with Sitharaman, Revanth outlined the state govt's push to strengthen public education, particularly for students from Backward Classes, Scheduled Castes, Scheduled Tribes and minority communities, who together form a majority of Telangana's population.IPL Auction 2026IPL Auction 2026: Full list of sold and unsold players for all teamsIPL 2026 team and squad List: Updated players for all 10 Teams; who got whomHe sought the Centre's backing for the large-scale education reforms being rolled out by the state.YIIRS in 105 constituenciesA key pillar of this effort is the establishment of Young India Integrated Residential Schools (YIIRS), planned across 105 assembly constituencies. Each campus is designed to provide education from classes V to XII to 2,560 students, with a total of 2.70 lakh students expected to gain direct admission.These institutions are also envisioned as academic hubs that would support surrounding govt schools, indirectly benefiting several lakh more students.The chief minister informed Sitharaman that the construction of 105 YIIRS, equipped with modern classrooms, laboratories and sports facilities, would require an estimated ₹21,000 crore. An additional ₹9,000 crore is proposed for upgrading laboratories and infrastructure in junior, degree and technical colleges, as well as other higher education institutions.The overall requirement for the education sector, he said, stood at ₹30,000 crore.Given the scale of investment, Revanth requested that loans raised through a special purpose centre (SPC) being set up for the integrated schools be exempted from FRBM norms. He urged the Centre to treat education expenditure as long-term human resource investment rather than routine fiscal spending.According to the CMO, after the briefing, Sitharaman praised the Telangana govt's focus on education, particularly the YIIRS initiative, and asked the state to furnish details of the SPC.200 acres in UoH for IIMThe chief minister later met Pradhan and reiterated Telangana's demand for an IIM, citing Hyderabad's rapid growth as a hub for technology, life sciences, aerospace, defence, logistics and advanced manufacturing."The Union govt has established 21 IIMs in 19 states and a Union Territory. There is a need to establish an IIM in Telangana also. The state govt has already identified 200 acres of land required for the establishment of the IIM at the University of Hyderabad campus.A facility of transit campus is also ready to immediately commence IIM classes. The state govt will grant necessary permissions for the establishment of the IIM and provide the required facilities," he told the union education minister.Revanth also highlighted Hyderabad's strong air, rail and road connectivity, its academic legacy, and its role in producing nationally and globally recognised professionals, arguing that an IIM would expand opportunities for students from poor and middle class families.JNVs in 16 districtsHe pressed for KVs in Asifabad, Bhupalpally, Kamareddy, Gadwal, Narayanpet, Nagarkurnool, Suryapet, Vikarabad and Nirmal districts, and JNVs in 16 districts, including Hanumakonda, Malkajgiri and Bhuvanagiri.The state govt, he said, is ready to provide land and all necessary facilities to ensure the early establishment of these institutions.Get an chance to win ₹5000 Amazon Voucher by taking part in India's Biggest Habit Index! Take the survey here

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Times of India

Dec 16, 2025, 11:59 PM

Gujarat CID Uncovers Massive Financial Crime Network

12Ahmedabad: A ping offering "passive income" or a harmless-looking app download is all it takes to pull unsuspecting users into a vast financial crime network. Investigators, who are part of the recently launched ‘Operation Mule Hunt' in Gujarat, have uncovered mule-account operations that launder hundreds of crores of illegal funds through fake apps and illegal gateways across countries and continents fast and quietly.From students to corporate shell firms, recruitment cuts across social and economic lines.The Gujarat CID's Cyber Crime Centre of Excellence has uncovered a mule-account network that laundered Rs 719 crore across 26 states, exploiting weak bank KYC processes, insider lapses, forged Aadhaar, PAN and GST documents, and rapid digital payment systems. The crackdown followed Surat's landmark GujCTOC case, in which a 46-member gang was found operating 1,029 mule accounts spread across 15 states.IPL Auction 2026IPL Auction 2026: Full list of sold and unsold players for all teamsIPL 2026 team and squad List: Updated players for all 10 Teams; who got whomInvestigators say these mule accounts form the backbone of an interconnected fraud economy powered by fake apps, including Ponzi schemes, betting platforms, loan scams and sham investment portals. These apps are linked to illegal payment gateways, mule bank accounts and crypto wallets operating across more than 40 countries, allowing fraud proceeds to be layered and moved before detection.Threat analyst Mayank Sahariya at CloudSEK, an AI-powered cybersecurity company, said fraudulent Android apps circulated via Telegram and WhatsApp are among the most effective recruitment tools.These apps masquerade as earning platforms, wallets or investment tools. Identified applications include Xhelper, Big Winner, Jeevan Earnbox, Petross, Lakshmi, Xwallet, Honeygain and Sharkpay, among 22 flagged apps.Once installed, the apps demand extensive permissions, particularly access to SMS messages. This enables them to intercept OTPs, capture UPI IDs, scan merchant QR codes and steal banking credentials.Users are typically promised commissions of 2-3% on transaction volumes. "In reality, the app runs silently in the background, approves transactions without the user's knowledge and converts the bank account into a laundering node," Sahariya said.Recruitment is not limited to the digital space. Local agents — often coordinated through Telegram channels — target students, unemployed youth, daily-wage workers and residents of rural areas.If the latter allows the agents to use their savings accounts, they can earn an upfront payment of Rs 10,000 to Rs 20,000. Current or corporate accounts fetch significantly higher payouts due to their larger transaction limits."The chain runs deep," Sahariya explained. "Main agents in metro cities hire sub-agents. A savings account pays Rs 10,000. A corporate account? Rs 4 crore to Rs 5 crore. If an account has a Rs 100 crore limit, they will pay Rs 5 crore."The operation gamifies crime, ranking top earners and incentivising speed. Some mule account holders earned as much as Rs 1.2 crore in commissions for transferring stolen funds within 10 minutes. Sahariya said analysis of data from a single tracked app, similar to Xhelper, revealed 3.98 lakh individual fund movements, averaging 33,000 transactions per month and around 1,100-1,300 transactions daily over a 12-month period.Once an account holder is recruited, agents typically take control of debit cards, cheque books and SIM cards. For corporate accounts, shell companies are created using forged or stolen PAN and Aadhaar documents to make transactions appear legitimate. Powering the entire system are illegal payment gateways — custom-built platforms operating outside Reserve Bank of India regulations, many suspected to be of Chinese origin.CloudSEK has flagged gateways including Bsdpay, Dragonpay, Magicpay, Jdpay and Luckypay. These gateways issue app IDs and secret keys, allowing scammers to automatically assign and rotate mule accounts every 7-10 minutes, evading anti-money laundering checks. The platforms mimic legitimate fintech firms, offering dashboards that enable operators to manage transactions and multiple bank accounts from a single interface.CloudSEK managing editor and Future Crime Research Foundation co-founder Shashank Shekhar said banks cannot evade accountability. "If their accounts are being misused, banks must face action. Fake accounts and fake SIMs are the two pillars of this racket," he told TOI. Warning that the true scale remains hidden, Shekhar added: "Those 45,000 accounts are just the tip of the iceberg. Early monitoring could save crores, but cybercrime cases are exploding and police resources are stretched thin."Get an chance to win ₹5000 Amazon Voucher by taking part in India's Biggest Habit Index! Take the survey here

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Times of India

Dec 16, 2025, 11:51 PM

Haryana Police Exposes Passport Forgery Ring; 77 Passports Revoked

Gurgaon: Haryana Police has requested regional passport officers (RPOs) in Delhi, Chandigarh, Dehradun, Amritsar and Ghaziabad to revoke a total of 77 passports that its investigations showed were issued based on forged documents.Investigators said among those involved in the nexus to have passports issued through forged documents was a Delhi Police SI responsible for passport verification in Ashok Nagar.Of the 77 passports, 46 were issued by Delhi RPO, six by Ghaziabad RPO, 10 in Chandigarh, six in Dehradun, two in Bareilly, five in Amritsar, and two in Lucknow.The network was exposed last year when Haryana Special Task Force (STF) received a tip-off that Ankit Narwal, an aide of gangster Lawrence Bishnoi, had obtained a passport using a fake Delhi address and was planning to flee the country.IPL Auction 2026IPL Auction 2026: Full list of sold and unsold players for all teamsIPL 2026 team and squad List: Updated players for all 10 Teams; who got whomNarwal, who is from Sonipat's Kathura, was arrested and an FIR was registered on Dec 14, 2024 at Baroda police station in Sonipat. As the probe unfolded, it was found that the Delhi Police SI involved in passport verification in Ashok Nagar was in criminal conspiracy with agents orchestrating the racket.The investigation also revealed involvement of 70-year-old Bijender Kumar Jain, a passport agent from Delhi's Shahdara.He has been accused of facilitating issuance of 43 of the 77 forged passports. Jain charged up to Rs 3 lakh per passport.Investigators found that Jain had a prearranged agreement with the SI. When an applicant approached Jain, he would contact the SI, who then instructed him or her to prepare documents for addresses within his jurisdiction, primarily in East Delhi's Ashok Nagar, to ensure police clearance. The officer charged around Rs 40,000 for providing these addresses and approving verification.To procure forged documents required for the passports, Jain roped in Sunny Kumar from UP's Saharanpur. Sunny produced fake Aadhaar cards, voter IDs, birth certificates, and marksheets of classes 10 and 12 using CorelDRAW software for Rs 1,500 per document. For counterfeit bank statements, Jain turned to Mohammad Junaid alias Sonu from Shahdara, who also arranged fake rent agreements and address proofs. Based on these papers, Jain submitted passport applications, cops said.Once the passports were dispatched to post offices, Jain and other agents collected them directly from post offices by presenting forged Aadhaar cards of applicants. Investigators also found that in place of postmen, who are supposed to deliver passports to applicants' homes, Jain and his associates went to the post office themselves to retrieve them. Police have arrested Jain, Sunny, from whose computer three folders containing passport details were recovered, and Junaid.Several gangsters exploited the network, said investigators. Narwal, who is previously charged with the 2019 murder of two college students in Chandigarh and facing multiple extortion cases, contacted Jain and obtained a passport from the Delhi RPO on July 26, 2024, using a fake New Ashok Nagar address. He was arrested before he could leave India.But several gangsters have managed to escape to foreign shores using forged passports.One of them is gangster Sunil Singh alias Sardhania from Sonipat, who flew to Dubai after jumping parole in Haryana, but was kidnapped by donkey route agents on the way to the US and was eventually brought back to India from Nicaragua and arrested by Haryana Police. Sardhania secured a passport on March 11, 2024, from Delhi RPO. He was involved in the shooting of singer Rahul Yadav alias Fazilpuria and the murder of the singer's associate in Gurgaon.Kunal Joon, a resident of Bahadurgarh in Jhajjar and a member of Rahul Baba gang, also escaped to Dubai and later to Almaty in Kazakhstan using a passport issued by Delhi RPO on June 13, 2013, with the Najafgarh address of his in-laws. Wanted in over 15 cases in Jhajjar and Rohtak, Joon was detained in Kazakhstan on the basis of Haryana STF efforts before being deported to India after Extradition request was sent to Kazakhstan and was later arrested by Haryana STF at IGIA in April this year.Fugitive gangster Sachin Sharma from Yamunanagar, an accused in around 20 cases, including murder and murder attempts, also used the network to obtain his passport from Delhi RPO on Feb 27, 2023. Investigators discovered that 12 women had also obtained passports through the same network.A senior officer said relaxation of passport verification norms in Dec 2016 has allowed offenders to exploit the system. Before 2016, verification officers were required to check all addresses where an applicant had lived in the previous five years and examine village crime notebooks for entries. After the rule change, an applicant only needs to disclose the address from the year preceding the application. Officers said this weakens background checks and allows criminals to conceal addresses where old cases are registered.Get an chance to win ₹5000 Amazon Voucher by taking part in India's Biggest Habit Index! Take the survey here

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Deccan Herald

Dec 16, 2025, 11:51 PM

Sydney Mourns After Deadliest Mass Shooting in Three Decades

Sydney: Sydney will pause in grief on Wednesday as funerals begin for some of the 15 people killed in Australia’s deadliest mass shooting in three decades — a Jewish Hanukkah celebration-turned-tragedy that shook the nation and intensified fears of rising antisemitism and violent extremism. Police are zeroing in on the alleged father-and-son shooters, Sajid Akram, 50, and his 24-year-old son named in local media as Naveed, as they probe possible links to Islamic State. Sajid was killed in a shootout with officers at the Bondi Beach park where the attack took place on Sunday. Investigators expect to question the son as early as Wednesday, once medication wears off and legal counsel is present, New South Wales Police Commissioner Mal Lanyon said. He remains in a Sydney hospital after emerging from a coma after being shot by police. A funeral for Rabbi Eli Schlanger, an assistant rabbi at Chabad Bondi Synagogue and a father of five, will take place at 11 a.m. (0000 GMT). He was known for his work for Sydney’s Jewish community through Chabad, a global organization fostering Jewish identity and connection. Schlanger would travel to prisons and meet with Jewish people living in Sydney's public housing communities, Jewish leader Alex Ryvchin said on Monday. Albanese to attend funerals if invited, he says Prime Minister Anthony Albanese did not disclose whether he would attend any of the funerals. "I would attend anything that I'm invited to; these funerals that are taking place are to farewell people's loved ones," Albanese told ABC Radio, suggesting he was not invited to attend. Albanese said Ahmed al-Ahmed, 43, the man who tackled one of the shooters to disarm his rifle and suffered gunshot wounds, was due to undergo surgery on Wednesday. Al-Ahmed's uncle, Mohammed al-Ahmed in Syria, said his nephew left his hometown in Syria's northwest province of Idlib nearly 20 years ago to seek work in Australia. "We learned through social media. I called his father and he told me that it was Ahmed. Ahmed is a hero, we're proud of him. Syria in general is proud of him," the uncle told Reuters. Albanese is facing criticism that his centre-left government did not do enough to prevent the spread of antisemitism in Australia during the two-year Israel-Gaza war and failed to avert the mass shooting. "We will work with the Jewish community, we want to stamp out and eradicate antisemitism from our society," Albanese told reporters. "We want to also stamp out the evil ideology of what would appear to be from the investigators an ISIS inspired attack. That has no place that sort of hatred." Opposition Jewish lawmaker Julian Leeser has said there was "white-hot anger among the community" over the attack. Other victims included a Holocaust survivor, a husband and wife who first approached the gunmen before they started firing and a 10-year-old girl named Matilda, according to interviews, officials and media reports. Albanese paid tribute to Boris and Sofia Gurman who were killed in the shootings. "Boris attacked one of these terrorists as he got out of the car and that caused Mr and Mrs Gurman... to lose their lives," Albanese said. Matilda's father told a Bondi vigil on Tuesday night he did not want his daughter's legacy to be forgotten. "We came here from Ukraine … and I thought that Matilda is the most Australian name that can ever exist. So just remember the name, remember her," local media reported him as saying. Health authorities said on Wednesday that 22 patients were receiving care in several Sydney hospitals for their injuries. The men accused of carrying out Sunday's Bondi Beach attack had travelled to the southern Philippines, a region long plagued by Islamist militancy, before the attack that Australian police said appeared to be inspired by Islamic State. In Bondi on Wednesday, swimmers gathered on Sydney's most popular beach and held a minute's silence. "This week has obviously been very profound, and this morning, I definitely feel a sense of the community getting together, and a sense of everyone sitting together. Everyone's grieving, everyone's understanding and processing it in their own way," Archie Kalaf, a 24-year-old Bondi man told Reuters.

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Times of India

Dec 16, 2025, 11:46 PM

Apple's Notification Forwarding Feature and Data Transfer Tool: What You Need to Know

Apple recently released the iOS 26.2 software update and the rumour mill is already buzzing with the iOS 26.3. According to a report by MacRumors, the iPhone maker may add a new “Notification Forwarding” setting which will allow incoming notifications on an iPhone to be forwarded to a third-party device.As per the report, a new Notification section will be added under the new “Notification Forwarding” in the Settings app.WhatNotification Forwardingfeature will mean for usersWith the new feature, users will be able to choose to have their device receive notifications only from selected apps rather than all apps, and notifications will include the name of the app and all content contained in the notification, the report says.As per the report, the company is bringing this feature in Europe to relieve regulatory pressure in the region.IPL Auction 2026IPL Auction 2026: Full list of sold and unsold players for all teamsIPL 2026 team and squad List: Updated players for all 10 Teams; who got whomUnder the Digital Markets Act in the European Union, Apple is required to provide third-party smartwatches and other devices with access to notifications and features that are normally reserved for the Apple Watch.In another news, Apple has released iOS 26.3 Beta 1 for developers. The new beta is reported to bring fresh features and better performance. One of the main additions appears to be a built-in tool that lets users move their data from an iPhone to an Android device without needing a separate app.According to MacRumors, users can move photos, messages, apps, passwords, and other information by placing the two phones next to each other.The feature notes mention that some items cannot be transferred, including health data, locked notes, and devices paired over Bluetooth. Google already offers a similar option during Android setup to import data from iOS, but it is not yet clear if Apple’s new tool will provide a better or more complete transfer experience.

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Times of India

Dec 16, 2025, 11:20 PM

Madhya Pradesh Reports HIV Outbreak Among Thalassaemia Patients Following Contaminated Blood Transfusions

Bhopal: Two months after TOI broke the heart-rending story of how six children battling Thalassaemia contracted HIV after receiving blood transfusion in Jharkhand's Chaibasa Sadar hospital, triggering a wave of suspensions and compensation to the affected families, a similar incident has come to light in Madhya Pradesh.In the latest, six Thalassaemia-affected children, aged between 3 and 15 years, tested HIV-positive at a government hospital in Satna district, with officials suspecting that contaminated blood transfusion was the source of infection in all the cases, barring one. The incident has sparked a state-level probe, in a fallout mirroring that of Jharkhand.The state government constituted a six-member state-level probe panel to investigate the HIV infection.IPL Auction 2026IPL Auction 2026: Full list of sold and unsold players for all teamsIPL 2026 team and squad List: Updated players for all 10 Teams; who got whomHeaded by Rewa regional director of public health and medical education, Dr Satya Avadhiya, the panel includes blood transfusion experts from AIIMS Bhopal and BMHRC, along with senior officials of the food and drug administration. The panel has been directed to submit its report within seven days, officials said.Deputy chief minister Rajendra Shukla, who also handles the crucial health portfolio, confirmed the state panel to TOI, adding, "We discussed the matter with experts.Thalassaemia patients typically require blood transfusion two to three times a month. These cases were detected by our officials only. The parents of one of the children, who tested HIV-positive, are also infected with the virus. Records of all the donors are being traced.All aspects, including whether the children received blood transfusion twice a month, and, if so, where, are being looked into so that we can zero in on the source donors which led to the infection," Shukla said at a press conference in Bhopal on Tuesday.Significantly, sources said about 50% of donors have been identified and screened so far, but the exact source of infection is yet to be pinpointed. Officials estimate that nearly 350 donors may be linked to transfusions given to the five children suspected to have contracted HIV through blood pumped into their veins. The ongoing probe is also examining whether other recipients, who received blood during the same period, may have been exposed.The six children were undergoing regular blood transfusions as part of a regular course of treatment for thalassemia, a genetic blood disorder that requires lifelong transfusion support.Speaking to TOI, District collector Satish Kumar S said, "A total of six children, aged between 3 and 15 years, have tested positive for HIV. Of these, both parents of the youngest infected child have also been found HIV positive, which indicates that the child may have contracted the virus from them or inherited it.However, we are working to trace the source donors. A probe is ongoing at the district level and the government has also commissioned a probe at the state level.""These kids have received blood from at least three blood banks, and transfusion took place hundreds of times as they regularly needed blood. The source donor is being traced, and at the same time, it will also be examined whether all protocols were followed at the blood banks," the collector added.Meanwhile, sources said the blood bank at Satna district hospital caters to at least 57 thalassemia patients who require regular transfusions, raising fears that the scope of exposure could be wider. Authorities are attempting to trace all donors whose blood may have been transfused into the affected children, though several donors remain untraceable even months later.The chief medical and health officer in-charge and civil surgeon in Satna, Dr Manoj Shukla, told TOI, "Children suffering from thalassemia are considered among the high-risk patients when it comes to HIV infection, and are checked regularly for the virus. It was during these tests that the children were found HIV-positive. We are tracing the donors. These children underwent blood transfusion at multiple places, and we're in the process of determining the location details of the donors.Some children tested as early as March this year. All the affected children are undergoing treatment."Get an chance to win ₹5000 Amazon Voucher by taking part in India's Biggest Habit Index! Take the survey here

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The Core

Dec 16, 2025, 11:00 PM

GST Cuts Fuel Surge in ICE Demand as EV Sales Slow

Even as the long-awaited GST cuts delivered a clear boost to car buyers, it has produced an unexpected twist: demand has swung towards petrol and hybrids, softening interest in electric vehicles (EVs). With electric car inventories beginning to pile up, dealers are now rolling out record discounts to clear stock. The top three volume drivers in the electric passenger vehicle segment are Tata Motors, JSW MG Motor India, and Mahindra & Mahindra. JSW MG rolled out a ‘Midnight Carnival’ campaign where MG dealerships across India will remain open until midnight. The company’s ZS EV is getting offers up to Rs 1.25 lakh, and Comet at Rs 1 lakh. In response toThe Core’s query, a company spokesperson said it has "offers across the portfolio." However, the demand for EVs, in particular, has been "encouraging". According to Ravi Bhatia, president of the automotive business intelligence firm JATO Dynamics India, December discounts on electric cars are significantly higher than last year. Echoing similar concerns, Vinkesh Gulati, director of United Automobiles, toldThe Corethat the discounts on several electric models now exceed over Rs 1 lakh. In contrast, steep markdowns on internal combustion engine (ICE) models are only limited to a few slow-moving variants rather than across the broader portfolio. The impact is most apparent for electric models with close ICE equivalents, including the Tata Punch EV and the Nexon EV, as well as the Hyundai Creta EV and MG ZS EV. Experts say the moderation in electric vehicle sales reflects a mismatch between supply build-up and demand expectations, as automakers expanded production and inventory on the back of robust festive demand assumptions. "On the supply side, EV production in the Rs 10–20 lakh segment—where most of the volume lies—has expanded significantly. Production capacity is likely to far outpace demand, and the current discounts are evidence of that,” Anurag Singh, Advisor, Primus Partners toldThe Core. Bhatia said the discounts are driven by dual factors. GST rationalisation has narrowed the total cost-of-ownership (TCO) gap between EVs and petrol or strong hybrid cars, making EVs less attractive. This is combined with a build-up of inventory. “Inventory built up with upgraded EV models has exceeded demand, prompting steep year-end discounts,” he noted. Mahindra & Mahindra, for instance, recently launched the XEV 9S seven-seater electric SUV in November, starting at Rs 19.95 lakh (ex-showroom). "Entry-level EVs are seeing moderate incentives, mid-range models are receiving slightly higher benefits, and premium EVs are getting more flexible offers in select cities. The exact levels vary across brands and dealerships," Gajendra Jangid, co-founder and CMO of CARS24 toldThe Core. He noted that prices of electric vehicles are transitioning, as this automobile category moves from early adopters to mass adoption scale. Tata Motors and Mahindra did not respond to queries. After a sluggish start to the year, the passenger vehicle market finally showed strong signs, with October and November delivering the much-needed momentum. The turnaround began during the 42-day festive window in October and, unusually, carried into November, a period that typically sees post-festive demand taper off. This was driven by the revised tax structure, effective September 22, which slashed GST on sub-4-metre cars (the length of a vehicle) to 18% from 28% and scrapped the compensation cess, sharply reducing prices for petrol, hybrid, LPG, CNG and eligible diesel models. By contrast, electric passenger vehicles, which continued to attract 5% GST even after the tax cuts on ICE models, had been holding steady through the April to August period. But once the tax burden was reduced on conventional cars, EV sales slipped month-on-month in September and again in November, as per data sourced from the Federation of Automobile Dealers Associations (FADA). EV sales in October were broadly in line with the trends seen in August, supported by festivals Dussehra, Dhanteras, and Diwali clustered in the same month. Still, it did not deliver the kind of festival-season spike that ICE vehicles saw this year. “Electric cars did not perform as expected during the festive season,” Gulati said. According to Gaurav Vangaal, associate director for production forecasting at S&P Global Automotive, EV demand had been holding up largely because of the price differential with comparable ICE and hybrid models. With that gap narrowing after the GST cut—and little in the way of new product launches or meaningful refreshes this year—the segment is facing a more challenging demand environment for the next couple of months. As per the VAHAN dashboard, electric passenger vehicle penetration stood at 5.6% in August, dipped to 5.4% in September, fell sharply to 3.4% in October—the lowest level so far in FY26—before recovering slightly to 4.3% in November. Industry watchers say Maruti Suzuki’s eVitara was expected to be a key volume driver for the EV market this year. Failing to materialise the launch with repeated delays, the company has now pushed its domestic EV entry to next year. However, this year stands out as consumers have already benefited from significant price cuts following the government’s GST overhaul in September, just ahead of the festive season, leaving dealers of most top carmakers with comfortable inventory levels for ICE models, followed by a stronger buying momentum. “This December, the pattern between ICE and EVs is showing a clearer difference. ICE vehicles are largely seeing the standard, moderate benefits that customers usually expect during this season. EVs, on the other hand, are seeing a wider range of offers,” Jangid said. Maruti Suzuki, India’s passenger vehicle market leader, remains one of the few major automakers yet to enter the domestic EV segment. The company first unveiled its eVitara in Europe in 2024, followed by the Auto Expo 2025 in India. Manufactured at the Gujarat facility, the company began exporting the model in August, positioning it primarily for global markets. Maruti showcased the EV again in early December but has yet to announce India pricing. As one of the last big players to join the electric car race, the company faces pressure to price the eVitara strategically in a market already crowded with fresh launches from rivals. “Getting the value equation right will be critical as competitive intensity and consumer expectations rise,” said an industry veteran. A dealer noted that a small subset of buyers may be delaying EV purchases to compare prices with Maruti’s upcoming eVitara, but emphasised that this explains only a minute fraction of the consumer demand trend. The broader dip in EV sales, he said, is being driven by deeper market factors including fragmented charging infrastructure, rather than anticipation of a single model launch. On a year-on-year basis, the electric car market has already surpassed last year’s volumes, with FY26 retail sales reaching 1.18 lakh units between April and November, compared with 1.07 lakh in all of FY25. EV penetration has risen to 3.8%, up from 1.9% a year earlier. But experts warn that if the current post-GST slowdown persists, it could erode the strong momentum built in the first half of the fiscal year. While analysts remain constructive on EV demand over the long term, they are more wary on near-term consumer sentiment with a strong pickup seen as unlikely at least over the next quarter. That said, the upcoming Corporate Average Fuel Efficiency (CAFE) norms are expected to keep automakers under pressure to continue preparing for a broader EV push. Bhatia believes EV sales will continue to grow year-on-year, but remains cautious about sustaining peak-level momentum in the near term. “OEMs are also enhancing ICE and hybrid models with new features, forcing EVs to keep pace amid rising consumer premiumisation,” he added. Talking on similar lines, Singh noted that the long-term outlook for EVs remains strong, but the market will inevitably face a few weak months or quarters. "Until now, most EV buyers have been early adopters willing to take a leap of faith. Today, far more information is available on customer experience and total cost of ownership, and the broader market has only recently begun adopting EVs," he said. GST cuts have fuelled a surge in ICE demand while EVs pile up on dealer lots. Tata Motors, JSW MG and Mahindra are now rolling out record discounts to clear stock.

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The Indian Express

Dec 16, 2025, 10:59 PM

Indian Government Proposes Strengthened Insurance Law Enforcement Powers

The proposed amendments to the insurance law — Sabka Bima Sabki Raksha (Amendment of Insurance Laws) Bill, 2025 — significantly strengthen the enforcement and supervisory powers of the Insurance Regulatory and Development Authority of India (IRDAI), giving it wider authority to crack down on violations by various insurance intermediaries. Under the revised provisions, the IRDAI Chairperson will be empowered to order searches, seizures and inspections if there is reason to believe that insurers and related entities have failed to produce documents, are withholding information relevant to an investigation, or are likely to tamper with records. These powers can be invoked in cases involving suspected violations of the law, illegal payment of commissions or rebates, or attempts to falsify or destroy books, accounts, vouchers, survey reports or other records. Insurance intermediaries include agents, brokers, corporate agents like banks, NBFCs, fintechs, and other companies distributing insurance products, web aggregators like online platforms that compare and sell insurance policies, third-party administrators (TPAs), who manage health insurance claims and services, surveyors and loss assessors and insurance marketing firms (IMFs).

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Times of India

Dec 16, 2025, 10:57 PM

Hyderabad's Ward Boundary Delimitation Exercise Sparks Concerns Over Unscientific Boundaries

Hyderabad: Amid fine-tuning boundaries of 300 wards by authorities, political parties across the spectrum on Tuesday raised serious concerns over the proposed ward boundaries and the delimitation exercise undertaken by Greater Hyderabad Municipal Corporation (GHMC), alleging several anomalies crept in and could lead to administrative confusion and voter inconvenience.During a special GHMC general body meeting convened to discuss the delimitation, council members on Tuesday termed the restructuring of the ward exercise ‘unscientific' and demanded a comprehensive re-examination of ward boundaries.Champapet corporator V Madhusudhan Reddy highlighted what he called glaring disparities in the creation of the 300 wards. "In the Old City, delimitation has resulted in 70 to 80 wards, while in the outer areas — where populations touch 70,000 — GHMC has created just one ward.IPL Auction 2026IPL Auction 2026: Full list of sold and unsold players for all teamsIPL 2026 team and squad List: Updated players for all 10 Teams; who got whomWe want GHMC to explain on what basis these 300 wards were created — whether geographical, voter-based or scientific," he said.Ex officio members also flagged concerns that the delimitation exercise failed to adequately factor in existing civic infrastructure and staff strength. They cautioned that increasing the number of wards without a proportional expansion of manpower, planning, and administrative support could adversely affect service delivery.‘300 public representatives reduced to 16': Malla ReddyExpressing strong displeasure, Medchal MLA and ex officio member Ch Malla Reddy said that delimitation drastically reduced political representation in his constituency. "Earlier, Medchal assembly constituency had 61 sarpanches, 221 corporators and council members, five ZPTCs, five MPPs and councillors — over 300 public representatives in total. Now, it has been reduced to just 16 wards," he added.He pointed out that the Medchal assembly constituency, with a voter population of 6.8 lakh, includes seven municipalities and three corporations. "Entire Hyderabad's garbage is dumped in Jawaharnagar in my constituency, which has just two wards. The same is the case with Boduppal and Peerzadiguda. While wards have increased elsewhere, they have been reduced in my area," he said.Khairatabad MLA Danam Nagender also questioned whether the ward creation was done scientifically, pointing to uneven ward sizes in densely populated areas.He sought clarity on the action plan, budgetary allocations, and development roadmap for the newly merged areas.GHMC receives over 4,000 objections: KarnanResponding to the concerns, GHMC commissioner R V Karnan said the civic body received over 4,000 objections and suggestions from residents so far. "Nearly 30% of the objections relate to boundary misalignments, splitting of colonies, and ward name changes or retention.About 15% seek the creation of additional wards. Another 50% pertain to polling station alignments, availability of detailed maps, clarity on boundaries, and objections to merger with GHMC," he said.Fewer wards in outer areas:On analysing the map, it was found that more wards have been created in the core city compared to the outer areas, where wards are larger both geographically and population-wise. For instance, Turkyamjal, with a population of 60,000 to 70,000, has only one ward, while core city areas with populations of around 20,000 have one ward each.Explaining the urgency behind the exercise, Karnan said ward boundaries had to be finalised by Dec 31, ahead of the 2026–27 Census — the first census since 2011. "Without freezing ward boundaries, the census cannot be conducted. Wards were demarcated using natural boundaries such as nalas, major roads, landmarks, railway lines, and old village survey records," he added."No ward in the core city has been shifted out of its Assembly constituency.However, some adjustments were made in the merged urban local bodies," Karnan clarified.Wards planned keeping future growth in mindThe commissioner said future population growth in certain areas was a key factor in determining ward numbers. Citing Tellapur as an example, he said that while the current population is around 23,000, it is expected to cross 80,000 in the next five years. Large-scale multi-storey buildings and apartment complexes were coming up.The number of wards has been increased keeping future requirements in mind, he said.Committee formed to review objectionsThe GHMC chief said a committee, comprising the chief city planner, additional commissioner (Elections), and two senior officials, has been constituted to examine all objections and suggestions before a final decision was taken."All representations made by corporators, ex officio members, and the public will be examined and resolved as per rules," he said, adding that zone division has not yet been finalised and that nearby municipalities have been temporarily grouped under different zones.He also noted that GHMC's jurisdiction has expanded from 650 sq km to nearly 2,050 sq km, making it the largest municipal corporation in the country in terms of both area and population.Get an chance to win ₹5000 Amazon Voucher by taking part in India's Biggest Habit Index! Take the survey here

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Times of India

Dec 16, 2025, 10:57 PM

Maharashtra Sports Minister Convicted, Sentenced to Two Years Imprisonment

Pune/Nashik: A sessions court in Nashik on Tuesday confirmed and upheld the trial court's judgment of Feb 20 convicting and sentencing Maharashtra sports minister and NCP leader Manikrao Kokate and his brother, Vijay, to two years of rigorous imprisonment in the case of securing two flats in 1995 under the state's 10% quota for economically weaker section (EWS) by showing less income.The judgment puts a question mark over Kokate's continuation as an MLA (he represents the Sinnar assembly constituency in rural Nashik) and as a minister in the State Cabinet. Under the Representation of the People Act, an MP or MLA attracts "immediate disqualification" if convicted and sentenced for two years or more of imprisonment, unless the conviction is stayed and the sentence is suspended.The Nashik sessions court modified the trial court's order to the extend of setting aside two charges and also setting aside the directives to MHADA and deputy collector (ULC) to cancel the allotment of flats.IPL Auction 2026IPL Auction 2026: Full list of sold and unsold players for all teamsIPL 2026 team and squad List: Updated players for all 10 Teams; who got whomAsked if Kokate has been granted bail, public prosecutor Sudhir Kotwal, who represented the state in Nashik, told TOI that the matter must go to the high court.When contacted, Maharashtra State Assembly Speaker Rahul Narwekar told TOI, "I haven't yet received the (Nashik) court order."The Supreme Court had in 2013 clarified that the disqualification is immediate though there is a three-month deadline under the law to file an appeal against the conviction order.by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeNita Ambani unveils an innovative treehouse at Nita Mukesh...Height gap draws attention: 5'2 Meloni’s reaction greeting 6'8 Mozambique President goes viral - watchThe Times of IndiaThe disqualification only stands lifted once the high court stays the conviction, not just the sentence.Prosecutor Kotwal said, "Under the prevailing law, Kokate's disqualification is certain unless he gets a suspension of his sentence and a stay on his conviction from the high court (HC). While this process may take eight to 10 days if his lawyers go for an urgent circulation of the matter, there is no bar on his disqualification in the intervening period."However, Kokate's lawyer Avinash Bhide told TOI, "An immediate disqualification is unlikely as we have a month's time to secure a stay and suspension order from the HC. Even after that, the matter will go before the Speaker of the State Assembly."Bhide said, "We will exercise the remedy of filing an appeal before the HC. Our legal team in Mumbai will decide on whether it should be in the form of a second appeal or a revision plea considering that we have exhausted the first appeal before the sessions court."After the trial court's judgment, Kokate had secured bail to enable him to file an appeal before the sessions court and on March 5 secured a stay from the sessions court on his conviction and sentence till the pendency of his appeal. Now that the sessions court has confirmed his conviction and sentencing, Kokate has no such protection. "The sessions court in an appeal matter has no powers to grant bail once the trial court's conviction and sentence is confirmed.The matter has to go before the HC," prosecutor Kotwal said.The court of district and sessions judge P M Badar partly modified the trial court's judgment by setting aside the Kokate brothers' conviction for offences under sections 467 (forgery of valuable instrument, will or authority) and 474 (possession of forged documents) read with 34 (common intention) of the IPC. The court set aside the trial court's direction to Maharashtra Housing and Area Development Authority (MHADA) and Deputy Collector (ULC) to cancel the allotment of flats to the Kokate brothers and restore possession as earlier.The court, however, confirmed and upheld the sentences for offences under sections 420 (cheating), 465 (forgery), 468 (forgery for purpose of cheating) and 471 (fraudulent or dishonest use of forged document or electronic record as genuine) of the IPC.Neither Kokate nor his brother was present in the sessions court on Tuesday when the judge read out the operative part of the order confirming the conviction and sentence.A full text of the judgment was expected to the released in due course of time.Prosecutor Kotwal said, "Our case was that in 1989-90 when Kokate and his brother applied for the flats under the 10% EWS quota scheme, they showed their annual income at Rs25,000 each. Under the scheme, an applicant with Rs30,000 or less annual income is eligible for allotment of a flat.""We brought to the court's notice that while allotting the two flats, the govt went by the affidavits relating to annual income claim and did not check any papers/documents.So, after the govt realised that the affidavit was false, the onus squarely lay on the person filing such affidavit to prove that it was not false," said Kotwal.The prosecutor said, "Even at the time of allotment of the flats in 1995, Kokate did not inform the govt about his improved financial condition. We referred to documents showing that the Kokates supplied 70 tonnes, 80 tonnes and 120 tonnes of sugarcane in 1993, 1994 and 1995, respectively, to the Kopargaon sahakari sakhar karkahan (sugar cooperative) and made a substantial earning from this.The Kokates did not inform this to the govt when the flats were allotted to them."Kotwal said, "This argument provided a new angle other than what was argued before the trial court. The sessions court primarily took a view of the same while confirming the conviction and sentence."(With inputs from Swati Deshpande in Mumbai)Get an chance to win ₹5000 Amazon Voucher by taking part in India's Biggest Habit Index! Take the survey here

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Times of India

Dec 16, 2025, 10:30 PM

Unlocking the Value of Small Asteroids: A New Frontier for Space Exploration and Resource Utilization

For years, asteroids have presented a picture of being very remote, lifeless bodies that float in space silently by themselves. However, with recent research, there is hope that certain asteroids may hold tremendous value for the world of economics and science.It has recently been suggested that smaller, carbon-rich asteroids could provide water, organic materials, and precious minerals that could fuel missions to space in the years to come. Though the thought of space mining may seem like a theme out of science fiction, recent findings are increasingly showing that the practice is actually more feasible than previously imagined. By studying the properties of special meteorites that hail from these asteroids, scientists are learning a great deal more about what lies beneath their thin crusts.IPL Auction 2026IPL Auction 2026: Full list of sold and unsold players for all teamsIPL 2026 team and squad List: Updated players for all 10 Teams; who got whomHow small asteroids could become the most valuable targets for space miningSmall asteroids have also received little attention compared to larger ones, but they can provide exclusive benefits too. Many of these asteroids are of primitive chemical composition, meaning that they have retained their original form since the creation of the solar system. According to the research published inOxford Academic, this makes them valuable sources of scientific research pieces or time capsules. Scientists researching meteorites that belong to small asteroids have discovered that they contain carbon, organic elements, and metals that can be of particular benefit for missions in the future.While it can be costly to mine from Earth, mining in space can enable missions to be launched without carrying too many resources from Earth.Carbonaceous chondrites are a type of meteorite that is classified as very rare and is thought to come from carbon-rich asteroids. The meteorites are known to contain water-bearing minerals, organic materials, and materials that are essential in the production of life. The meteorites are analysed through the use of modern scientific analysis, such as mass spectrometry.The reason why the analysis is important is the fact that carbonaceous chondrites are very fragile, and most of them typically break into pieces during passage through the atmosphere.Role of asteroid resources in Moon and Mars missionsSome asteroids could carry water that can be processed into fuel and life support materials in space. Then others could carry metallic elements like iron, nickel, and PGEs, which could support construction and industry in space instead of bringing them back on Earth.Scientists do not see any point in bringing back resources like water and precious metals discovered in asteroids, but rather using them in space.Challenges ofasteroid miningHowever, the promise surrounding asteroid mining is overshadowed by some technical challenges. This is because a large percentage of the small bodies are covered by a rock material that is not easily accessible in a low-gravity environment. While it is possible to harvest samples of the materials using the current technology, it is not suited for large-scale mining.According to experts, it will take a couple of decades to establish mining in space. If this is made possible, this could fuel space exploration. Moreover, this could make us less dependent on Earth for resources. In addition to this, this could give us better knowledge and control over the asteroid that could possibly damage Earth. What looked like a dream goal for scientists is now being pursued with diligence.

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Times of India

Dec 16, 2025, 10:09 PM

Lucknow Students Shine in CLAT 2026: Resilience and Regular Mock Practice Key to Success

Lucknow: Resilience, disciplined study routines, and regular mock practice emerged as the common success mantra for Lucknow students who delivered outstanding performances in CLAT 2026.In a highly competitive national-level examination, these achievers proved that consistency, focused preparation, and mental endurance matter as much as long study hours.Cracking the exam in their first attempt, they highlighted the importance of clear goals, smart time management, and continuous self-assessment through mock tests.Subhashish Asthana secured AIR 292 after studying for 7–8 hours daily. A student of DPS, Eldeco, he is the son of govt doctor Shailendra Asthana, and Swarnima Asthana, a private practitioner.IPL Auction 2026IPL Auction 2026: Full list of sold and unsold players for all teamsIPL 2026 team and squad List: Updated players for all 10 Teams; who got whomCrediting perseverance for his success, Subhashish said, "Resilience and regular mock practice kept me focused. I was clear from the start that I wanted a career in the judiciary."Avisha Jaiswal, who achieved AIR 229, attributed her performance to steady and structured preparation. A student of Loreto Convent, she is the daughter of businessman Ashwini Jaiswal and homemaker Simi Jaiswal."Hard work and repeated mock tests helped me improve consistently.I am keen to explore both litigation and corporate law," she said.Tiya Agrawal secured AIR 364 in her first attempt. A student at Seth AR Jaipuria School, Tiya followed a targeted study plan and consciously stayed away from social media. Daughter of Shahshank Agrawal, a banker, and homemaker mother Noopur Agrawal, she said, "Avoiding distractions and sticking to a focused plan helped me stay on track. I want to explore litigation and corporate practice."Annant Khanna secured AIR 411 by studying 3-4 hours daily with a strong focus on mock tests and managing exam-day pressure.A student of Millennium School, he is the son of Vivek Kumar Khanna, a businessman, and teacher mother Prof Manisha Khanna. "Mock tests helped me manage pressure. Staying calm during the exam made a big difference. I want to pursue litigation," he said.Shreevats Shukla secured AIR 489 and studied at Study Hall School, emphasising consistency in preparation. Son of businessman Vishal Shukla and homemaker Sangeeta Shukla, he said, "Regular practice and mocks built my confidence. My future interests lie in the field of law and economics."Get an chance to win ₹5000 Amazon Voucher by taking part in India's Biggest Habit Index! Take the survey here

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Deccan Herald

Dec 16, 2025, 09:56 PM

Loudspeaker Debate Erupts in Belagavi Council Over 'Azaan' Noise Levels

Belagavi: A question by BJP's D S Arun on controlling the use of loudspeakers exceeding the decibel limit during 'Azaan' in mosques led to heated arguments between the ruling and opposition members in the Council. In reply, Minister for Forests, Ecology and Environment Eshwar Khandre said during Deepavali, firecrackers and loudspeakers also produced excessive noise and that unnecessary politics was being done in the matter. This triggered BJP members and led to an argument. Explaining the issue, Arun said that no one dared to complain about the disturbance caused by 'Azaan', because they had government support. "For the past two and a half years, there has been government support," the BJP member alleged. Congress members came out in support of the minister and condemned the BJP member's statement. Sensing the seriousness of the matter, Chairman Basavaraj Horatti advised the minister to answer only the questions raised by members and not bring up other matters. Finally, Khandre said an order had already been issued by the environment department that all mosques/madrasas/dargahs should use loudspeakers only between 6 am and 10 pm. He said that a committee had been formed to check the licenses of loudspeakers used during 'Azaan'. 52 complaints filed In the last three years, 52 complaints had been received that the decibel level of speakers was high during 'Azaan'. Officials of the Karnataka state pollution control board had inspected 51 places and violations were found in 26 places, the minister informed. In total, sound level tests were conducted in 126 places and in 97 places, it was found that the sound limit of the loudspeakers had been exceeded, he said. Arun said that in and around his house in Shivamogga, people were unable to sleep in the early morning hours due to the loud 'Azaan'. "My 86-year-old father wakes up due to 'Azaan' in the mosque and finds it difficult to sleep again and it is a daily pain for us. No one dares to complain about this. If anyone tells the authorities that this is causing disturbance, the authorities request the mosques to reduce the loudspeaker volume, instead of taking legal action," he said.

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Times of India

Dec 16, 2025, 09:19 PM

Uttar Pradesh's Economy Grows 9% to Contribute $1 Trillion to India's GDP

12Lucknow: In 2024-25, UP's contribution to the country's economy was 9%, up from 8.6% in the previous financial year.This data was shared in a review meeting chaired by CM Yogi Adityanath on Tuesday where he assessed the progress of works related to the state's goal of becoming a USD 1 trillion economy.He also evaluated the status of budget allocation and expenditure of various departments for 2025-26.Yogi was informed that the state's Gross State Domestic Product is Rs 29.78 lakh crore. This financial year, UP has already achieved 93% of the GSDP target of Rs 42 lakh crore.To ensure that every department's progress went according to plan, Yogi insisted that ministers and officials should carry out regular reviews.IPL Auction 2026IPL Auction 2026: Full list of sold and unsold players for all teamsIPL 2026 team and squad List: Updated players for all 10 Teams; who got whom"Real-time data of works of various departments should be uploaded on time. Ministers and department officers should maintain continuous dialogue with central govt officers so that the central share of funds can be received on time. Timely expenditure of allocated budget should be ensured," he said.While reviewing each department separately, the CM said that UP's contribution to the country's foodgrain production is 21% and the state's agricultural growth rate is above 13%.He gave directions to expedite the construction of seed parks and UP Agriz project works."The biggest reason for growth in the state's economy is the increase in agricultural production. Crop yields increased due to better seeds, advanced technology, and expansion of cultivation area. Cultivation of high-yield and high-value crops led to an increase in farmers' income and total production," he said.Discussing transport, the CM said that road safety is govt's priority and serious efforts should be made to reduce road accidents in view of fog.He added that the registration fee of commercial vehicles should be made practical while bus services should be improved for convenient travel of common people.Commenting on the growth of tourism in the state, the CM said around 125 crore tourists visited UP till June this year. He directed the department to increase facilities for devotees and tourists at Garhmukteshwar, implement the homestay policy, and promote the hotel industry.He also said that a tourist destination plan should be developed.He set targets for each district under the Mass Marriage Scheme and said that part of the allocated funds should be given to beneficiaries in advance for shopping, while the remaining amount should be used at the time of the marriage ceremony."The govt is developing anganwadi centres as pre-primary education centres. The construction and upgradation of these centres should be expedited," he said.The power department informed the CM that the performance of state power corporations improved due to a reduction in power theft and technical losses. Electricity generation increased through the establishment of large solar projects and solar parks under the PM Kusum-C scheme.In the industrial sector, Yogi was informed, the addition of 7,000 new factories accelerated economic activities while an increase in registration of companies and factories strengthened the state's industrial development.Get an chance to win ₹5000 Amazon Voucher by taking part in India's Biggest Habit Index! Take the survey here

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Times of India

Dec 16, 2025, 07:30 PM

Sergio Ramos and Pilar Rubio: The Power Couple's Multimillion-Dollar Fortune

Sergio Ramos and Pilar Rubio (Image Source: Getty)Sergio Ramos is one of the legends in football who served in Real Madrid for half his career. Ramos, one of the highest-paid defenders, and it has been reported to earn 15 million euros annually.The current market value of Sergio Ramos also stems from endorsements and personality rights, and it is still debated that his net worth exceeds $80M. While his celebrity partner, Pilar, a journalist and TV star, earns a fortune that is estimated to be close to $59 million from journalism, authoring books, fashion, content, and hosting events.Sergio Ramos’s financial overview: Delving into the footballer’s lifestyle, investments, and incomeSergio Ramos has multiple sources of income resulting from being one of the best footballers and a couple of businesses that contribute to his net worth.IPL Auction 2026IPL Auction 2026: Full list of sold and unsold players for all teamsIPL 2026 team and squad List: Updated players for all 10 Teams; who got whomHe drew a huge salary from lucrative contracts and grew his empire along with real estate investments in Spain. He also has equestrian ventures and funding in horse breeding. They are a part of both his passion and income. Brand endorsements with sports brands like Nike are also a part of his revenue in 2025.Pilar Rubio’s media career and the net value of the power couplePilar Rubio is known for her media career, wherein she started her career as a Spanish reporter. She is one of the highest-paying hosts in the television industry and worked on La Sexta and many other networks.In the year 2011, she appeared as the protagonist of the series named Pirates. She also has a modeling career wherein she appeared in fashion magazines and campaigns and was associated with several brand endorsements like Selmark.Her collaborations with lifestyle- and fashion-related brands have contributed to her wealth as well. Her projects in fitness depict her growing revenue. Pilar herself is a brand with independent income and a self-made person.Pilar and her husband's net worth in the year 2025 is estimated to be somewhere around $80-$100 million, which is staggeringly high for any athelete couple. They are one of the richest couples, with their joint wealth from various sources like football, TV, fashion, lifestyle content, and real estate ventures, along with family business.Also Read:Sergio Ramos' unintended contribution helps Barcelona beat SevillaGet an chance to win ₹5000 Amazon Voucher by taking part in India's Biggest Habit Index! Take the survey here

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Financial Express

Dec 16, 2025, 07:10 PM

PFRDA Introduces Major Reforms to National Pension System (NPS)

In a major reform of the national pension system (NPS) , the pension regulator has allowed lump sum payout to non-government sector subscribers to 80% and reduced annuitisation to 20% of their corpus at the time of exit from the scheme. Under the PFRDA (Exits and Withdrawals under NPS) Amendment Regulations, 2025, the regulations no longer prescribe a standalone “5-year lock-in” for private subscribers. Instead, exits are now governed by eligibility conditions and annuitisation requirements, not a fixed lock-in clock. In premature exit before eligibility, at least 80% of the corpus must be annuitised; only 20% can be withdrawn as lump sum. If the corpus is ₹5 lakh or less, in which case 100% withdrawal is permitted. Another key change is the formal recognition of deferment, allowing subscribers to postpone lump-sum withdrawal or annuity purchase up to the age of 85. This gives retirees greater control over the timing of exits, especially in periods of market volatility. For government and non-government subscribers, full lump-sum withdrawal is now permitted if the accumulated pension wealth is up to Rs 8 lakh at superannuation. Where the corpus exceeds Rs 8 lakh but is below Rs 12 lakh, subscribers may withdraw up to Rs 6 lakh as a lump sum, with the balance deployed through structured withdrawals or annuities. Above Rs 12 lakh, at least 40% (government) or 20% (non-government) must be annuitized, according to new norms. The amendments also clarify death and missing subscriber scenarios. Nominees or legal heirs are entitled to interim relief of 20% of the corpus when a subscriber is declared missing, with final settlement after legal presumption of death. Other notable changes include higher withdrawal limits under NPS -Lite, clearer treatment of multiple pension accounts, and alignment of exit provisions across government, corporate and all-citizen models.

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Financial Express

Dec 16, 2025, 06:46 PM

India's Telecom Interconnection Rules Undergo Major Overhaul

Telecom interconnection rules are under a major overhaul, with industry bodies saying that the changes could significantly alter operator costs, foreign exchange flows, legacy network revenues and spam control mechanisms, in their submissions to Telecom Regulatory Authority of India (TRAI) . Submissions by the Cellular Operators Association of India (COAI) and the Broadband India Forum (BIF) reveal broad agreement on moving to IP-based interconnection, with differences on how aggressively the transition should be enforced and how financial burdens should be redistributed across operators. COAI has sought a mandatory shift to IP-based interconnection at the Licensed Service Area (LSA) level, arguing that this would eliminate redundant infrastructure, lower operating costs and prevent public sector operators from delaying modernisation. In simple terms, it means that telcos connect their networks using modern internet-based (IP) technology at the level of an entire telecom circle, instead of multiple city- or exchange-level connections. BIF agrees that LSA-level interconnection should be the default but has argued for flexibility, allowing sub-LSA interconnection by mutual agreement to manage traffic loads, latency and redundancy. Another key financial flashpoint is International Termination Charges (ITC) that is the wholesale fees paid by foreign telecom operators to Indian carriers for terminating incoming international calls. At present, ITC in India is capped at ₹0.35–₹0.65 per minute, among the lowest globally. COAI has argued that low ITC creates multiple distortions. According to the industry body, cheap termination rates make India an attractive destination for international robocalls and scam traffic, while Indian operators end up paying significantly higher charges to foreign carriers for outbound calls, resulting in net forex outflows. To address this, COAI has proposed raising ITC sharply to ₹4.5 per minute, contending that higher charges would deter fraud, improve foreign exchange inflows and have no impact on domestic tariffs. Another emerging theme is the use of interconnection as a tool to curb spam and fraud. BIF said that existing anti-spam frameworks largely focus on access networks, while abuse often occurs at inter-operator gateways. It has proposed stronger interconnection-level controls, such as authentication, analytics and rate-limiting. COAI has linked spam control more directly to economic deterrence through higher ITC.

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Times of India

Dec 16, 2025, 06:34 PM

US Diplomat Calls for H-1B Visa Program Pause Amid Widespread Fraud Allegations

Indian-origin US diplomat Mahvash Siddiqui who claimed to have seen H-1B fraud first hand during her posting in the Chennai consular office in India, said that the entire visa program needs to be paused pending a full program audit.Writing for the Center for Immigration Studies, Siddiqui said fake degrees, forged bank statements, fake marriage/birth certificates are sold in Hyderabad's Ameerpet to cater to the H-1B 'scam' which is functioning through bribery and cultural normalization of fraud."Many H-1Bs claiming computer science degrees had no related coursework or programming skills; basic coding tests often exposed them. Corrupt HR officials in both India and the U.S.IPL Auction 2026IPL Auction 2026: Full list of sold and unsold players for all teamsIPL 2026 team and squad List: Updated players for all 10 Teams; who got whomfacilitated fake employment letters, allowing underqualified candidates to bypass scrutiny. A pervasive “halo effect” favored Indian applicants, compounded by bribery (“rishwat”) and cultural normalization of fraud. In the U.S., some Indian managers created insular hiring networks, excluding Americans, protecting unqualified hires, and fostering “honor among thieves” environments that discouraged whistleblowing.American IT graduates — trained through rigorous programs — were left unemployed or were forced to train their H-1B replacements for lower pay," Siddiqui wrote.'Chennai consulate isH-1B visa fraudcapital of the world'In a podcast earlier, Siddiqui explained how she was one of 15 junior visa officers in Chennai, which she has now called the H-1B visa fraud capital of the world. "H-1B visas became the perfect loophole for many Indian nationals aged 20–45 to enter the U.S. with fraudulent or inflated credentials, displacing qualified American IT and STEM workers.From 2005–2007, Chennai adjudicated ~100,000 H-1Bs annually. Today, demand has exploded to 400,000-plus per year," she wrote."A pervasive “halo effect” favored Indian applicants, compounded by bribery (“rishwat”) and cultural normalization of fraud. In the U.S., some Indian managers created insular hiring networks, excluding Americans, protecting unqualified hires, and fostering “honor among thieves” environments that discouraged whistleblowing.American IT graduates — trained through rigorous programs — were left unemployed or were forced to train their H-1B replacements for lower pay," Siddiqui wrote.'Congress misled by Silicon Valley's nepotism'The American diplomat said Indian lobbyists and Silicon Valley have pushed a disinformation campaign portraying American workers as less capable and Congress, often naive to these realities, has been misled.'De facto immigration shortcut dominated by one country'The US diplomat said while H-1B is meant for skilled employees from any foreign country, the visa program has become a de facto immigration shortcut dominated by one country. Her sugegstions for the H-1B visa program include:Pause new H-1B issuances pending a full program audit.Strengthen vetting — verify degrees, skills, and employment history rigorously.Prioritize U.S. STEM graduates for hiring in sectors with available talent.Ban nepotistic/chain hiring practices that exclude Americans.Enforce penalties for fraud — recent prosecutions prove deterrence is possible.Expand site inspections to match program scale and risk.

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Financial Express

Dec 16, 2025, 05:25 PM

Indian Rupee Hits Fresh Record Low Amid Concerns Over Pending Trade Deal

The rupee remained under pressure on Tuesday amid concerns over the pending India-US trade deal , breaching the 91-mark for the first time and hitting a fresh record low for the fourth consecutive session. The rupee slumped to 91.08 intra-day before closing at 91.03, down 30 paise from the previous close. The slide from 90 to 91 took less than two weeks. The currency had breached the 90-mark for the first time on December 3. Over the past month, the currency has fallen 2.6%. So far in FY26, the rupee has declined 6.5%, the highest in three years, making it the worst-performing Asian currency In the current financial year so far, the rupee has declined 6.5%, the highest in three years. Consequently, the rupee continues to be the worst-performing currency among its Asian peers. “Weak sentiment from delayed trade deal, combined with foreign outflows and limited RBI intervention, continues to pressure the rupee,” said Madan Sabnavis, chief economist at Bank of Baroda. He said, however, this is not a fair exchange rate considering the fundamentals and weakening dollar. “The CEA’s (chief economist advisor) latest remarks on a trade deal by March have worsened sentiment, indicating more volatility in coming months and further rupee weakening. I believe that the RBI interventions will not help in such conditions,” Sabnavis added. Though not targeting any level, the RBI intervenes in the market through its dollar sales in a mild manner, according to traders. Importers are panic-buying amid fears of further rupee depreciation, they said. “There was high demand for dollars due to capital market outflows and buying pressure from corporates towards hedging cover and oil related payments. Therefore, the rupee which opened weak, immediately lost level,” said a dealer at a public sector bank. Foreign investors pulled out $1.5 billion from equity in December, according to data from the stock exchange. The debt market has seen an outflow of Rs 10,315 crore, data from Clearing Corporation of India Ltd (CCIL) showed. “Though the trade data was positive, the biggest worry remains on the imbalance between dollar demand and supply. Some intervention is needed to support the currency now,” said Dilip Parmer, research analyst at HDFC Securities. According to him, the rupee will likely trade in the range of 90.70-91.45 in the near-term. Axis Bank said the base case is for “mild, not wild” depreciation of the rupee. “The sharply weaker REER (real effective exchange rate) and ongoing reforms to improve the ease of doing business are supportive of sentiment and could incentivise fresh inflows over time. The rupee is projected at 90 by June 2026 and 92 by June 2027, with the pace of depreciation dependent on the evolution of capital flows and global risk appetite.”

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Financial Express

Dec 16, 2025, 05:05 PM

US Oil Prices Plummet to Lowest Levels Since 2021 Amid Russia-Ukraine Peace Talks Optimism

US oil prices extended losses on Tuesday, reaching their lowest levels since 2021, as there is an increased optimism over Russia-Ukraine peace talks and fears of a widening supply surplus weighed heavily on markets. In midmorning European trade, Brent crude fell 1.8% to $59.46 a barrel, and West Texas Intermediate (WTI) slipped 1.9% to $55.60 a barrel. At their lowest point during the session, Brent dropped nearly 3%, briefly falling below $60 for the first time since May, while US crude futures slid as much as 3.2%. Renewed progress in talks to end the Russia-Ukraine war has raised hopes that US sanctions on Russian oil companies could eventually be eased. That prospect has reduced the geopolitical risk premium and added pressure on prices in an already well-supplied market. “While Russian seaborne oil exports have held up well since the imposition of sanctions on Rosneft and Lukoil, this oil is still struggling to find buyers,” analysts at ING said to Wall Street Journal. “The result is a growing volume of Russian oil at sea.” Global oil inventories surged to four-year highs in October, according to the International Energy Agency. Oil stored on tankers or in transit also increased sharply as sanctioned barrels failed to find buyers. Crude prices are now down more than 20% this year, pressured by expectations of a growing surplus. The IEA estimates that next year’s supply surplus will be the largest on record, even after OPEC and its allies delayed output increases into early 2026 due to an uncertain outlook. “All eyes today are looking for whether Brent will close below $60 or not,” said Bjarne Schieldrop, chief commodities analyst at SEB AB told Bloomberg. “But for sure we are heading lower until the point when OPEC+ pivots from ‘hold’ to ‘cut’.” As reported by Bloomberg, signs of weakness are spreading across the oil market. Middle Eastern crude prices slipped into contango, a bearish pattern where near-term prices are cheaper than later deliveries. Similar patterns have emerged for some US Gulf Coast barrels, and the WTI futures curve has flattened sharply. Refined fuel markets are also losing momentum. Premiums for gasoline and diesel over crude have eased, adding further downward pressure. On the demand side, fresh data from China showed economic momentum slowed in November, raising concerns about oil consumption in the world’s second-largest oil user. In the US, weak job growth has also indicated a possible slowdown in demand. Falling prices offer relief to central bankers by easing inflation pressures, US retail gasoline prices recently fell to their lowest level since 2021 they pose serious challenges for oil-producing nations.

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Financial Express

Dec 16, 2025, 04:23 PM

India's Supreme Court Confronts the Reality of Passive Euthanasia: A Call for Paradigm Shift

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Financial Express

Dec 16, 2025, 04:22 PM

Bloomberg's Top 15 Richest Families: A Global Mix of Old and New Money

Bloomberg’s latest ranking of the world’s richest families reveals a fascinating mix of old money, new money, and global empires spanning industries from tech and oil to fashion and finance. But when it comes to India, only one name made the list, the Ambani family and it is no surprise, the scale of their wealth and influence continues to increase especially in the context of the booming global economy. Here is a closer look at the families topping the 2025 Bloomberg World’s top 15 Richest Families list: Topping the list once again are the Waltons , who hold a majority stake in Walmart, the world’s largest retailer. Walmart’s success story is legendary, starting from a small five-and-dime store in Bentonville, Arkansas, in 1950, to now serving 270 million customers each week across the globe. The Walton family’s influence continues to grow, and this year their combined fortune exceeds half a trillion dollars for the first time. Walmart’s total revenue for the most recent fiscal year reached $681 billion, its massive footprint with over 10,750 stores worldwide is the core reason. The ruling family of Abu Dhabi, which holds most of the United Arab Emirates’ oil reserves, sees their wealth continue to soar. Under the leadership of Sheikh Mohamed bin Zayed Al Nahyan, who is also the country’s president, the family’s assets are vast, with investments in AI, crypto, and more. The Al Nahyans have shaped the UAE’s modern economy, and their global influence keeps expanding. Sheikh Tahnoon, a key family member, oversees assets worth $1.5 trillion and has been a major investor in the crypto space. The Saudi royal family’s massive wealth is anchored in the country’s vast oil reserves, primarily controlled by Saudi Aramco. The family’s wealth surged this year, with estimates now factoring in revised past inflows. Though the family is estimated to have around 15,000 extended members, much of the wealth is concentrated in key royals, including Crown Prince Mohammed bin Salman. In 2017, Crown Prince Mohammed bin Salman initiated a high-profile crackdown on corruption, detaining royals and businessmen in a luxury hotel. Qatar’s ruling family, the Al Thanis, have seen their fortunes skyrocket since oil was discovered in the region in the 1940s. The family has since diversified, holding stakes in luxury goods, private banking, and prized foreign real estate. Qatar has become a global player, and so have its royal family members, who occupy influential political and business roles. The Qatari royal family once offered the Trump administration a luxury Boeing 747 to use as a temporary Air Force One. The Hermès family has maintained their wealth for over six generations, thanks to their iconic luxury brand. Famous for their high-end handbags, including the legendary Birkin bag, the family’s fortune is built on exclusivity, craftsmanship, and innovation. Despite being one of the largest luxury houses in the world, the family still retains control of the company. A fifth-generation heir lost six million Hermès shares, a casualty of mishandling by a late wealth manager, leaving the family to recover and continue their rise. The Koch brothers inherited their father’s oil business and turned it into a massive industrial conglomerate. Today, Koch Industries spans industries from chemicals and oil refining to ranching and paper. The family has a long history of political engagement and philanthropy, particularly around libertarian causes. The Koch brothers were well-known for their fierce rivalry with their siblings, which ultimately split the family business into different divisions. The Mars family, famous for M&M’s, Snickers, and a wide range of pet-care products, continues to enjoy significant wealth. The family’s company, Mars, Inc., has grown through strategic acquisitions, including its purchase of snack-food maker Kellanova in 2025. Mars, Inc. distributed $1.5 billion to family shareholders last year, showing the strength of its diverse portfolio. The Ambani family, India’s wealthiest, continues to dominate the global business stage. Mukesh Ambani, at the helm of Reliance Industries, controls the world’s largest oil refining complex and is a key player in telecommunications, retail, and energy. The family’s wealth is built on the shoulders of Dhirubhai Ambani, who started the company in the 1950s with little more than determination and vision. Mukesh Ambani’s 27-story mansion, Antilia, is often regarded as the most expensive private residence in the world. The Wertheimers, who own the legendary fashion house Chanel, have seen their fortune rise as luxury goods continue to boom. Chanel, known for its timeless designs like the “little black dress,” remains one of the world’s most iconic brands. The Wertheimers also have diverse investments, including in racehorses and vineyards. The Wertheimer family has actively resisted takeover attempts over the years, keeping Chanel firmly under family control. The Thomson family, based in Canada, controls one of the world’s largest financial data and media companies, Thomson Reuters. Their fortune began in the 1930s with Roy Thomson’s purchase of a radio station, which led to the creation of a media empire. In 2002, Ken Thomson donated his 2,000-piece art collection to the Art Gallery of Ontario, which was worth an estimated $192 million. The Johnson family controls the financial services giant Fidelity, which has become a leader in wealth management and retirement planning. Under the leadership of Abigail Johnson, the family’s firm has expanded into digital assets and low-cost index funds. One in five adults in the U.S. are Fidelity customers, a testament to the company’s vast influence in the financial world. The Cargill-MacMillan family’s wealth is rooted in agriculture, particularly the Cargill company’s global dominance in food and commodities. Despite a few family feuds, Cargill remains one of the largest privately-held companies in the world. In 2025, Cargill distributed a record $1.46 billion in dividends to its family shareholders, underlining the massive scale of its operations. The Hoffmann-Oeri family controls Roche, one of the world’s leading pharmaceutical companies. With a focus on oncology, Roche generates tens of billions of dollars in revenue annually. Family members also support environmental and conservation causes. Roche co-founder Lukas Hoffmann helped found the World Wildlife Fund, one of the most recognised environmental organisations globally. The Pritzker family, known for their control of the Hyatt hotel chain, has diversified into many sectors, including real estate and private equity. Prominent members include Penny Pritzker, former U.S. Secretary of Commerce, and J.B. Pritzker, the current governor of Illinois. The Pritzker family donated $5 million to the University of Chicago Booth School of Business to establish a Family Office Initiative. The Quandt family’s wealth is tied to BMW, one of the world’s leading luxury car manufacturers. The family has maintained its control over the company, with members holding substantial stakes in the company despite shifts in leadership. The Quandt family’s involvement in BMW goes back to the 1960s, when Herbert Quandt saved the company from bankruptcy.

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NorthEast Now

Dec 16, 2025, 04:18 PM

India's Ministry of Railways Sanctions New Railway Line Project in Tripura

Guwahati:The Ministry of Railways has sanctioned a Final Location Survey (FLS) for the construction of anew railway line between Jirania and Bodhjung Nagarin Tripura.The proposed rail section will span 14 km and is estimated to cost Rs. 42 lakh. The alignment falls within West Tripura district and is expected to significantly strengthen railway infrastructure in the state.Officials said the approval of the survey marks an important step towards improving connectivity and supportingindustrial growth in Tripura.Bodhjung Nagar is a key industrial and commercial hub in West Tripura, known for its resource-based industries, particularly rubber, bamboo and food processing units.The proposed Jirania–Bodhjung Nagar rail link is expected to serve as a crucial transport corridor for industrial goods, benefiting traders, manufacturers and local communities.Improved rail connectivity is also likely to enhance supply chains, enable smoother train operations and stimulate economic activity in surrounding areas.According to the Ministry, the Final Location Survey will involve a detailed assessment of geographical features, soil conditions, proposed bridges and other engineering aspects along the route.Based on these findings, a comprehensive report will be submitted to the Ministry of Railways for further evaluation and approval.Once completed, the survey will lay the groundwork for the proposed new line project, which is expected to contribute to industrial development and overall economic growth in Tripura.Related

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Wisden News✓

Dec 16, 2025, 04:13 PM

IPL 2026: Kolkata Knight Riders' Acquisition of Matheesha Pathirana Raises Questions

Shreevats Goswamihas questioned the Kolkata Knight Riders’ acquisition ofMatheesha Pathiranafor INR 18 crore at theIPL 2026 auction. Here's why the Sri Lankan may have been so expensive. Following some frantic bidding at the IPL 2026 auction, the Kolkata Knight Riders acquired Pathirana for INR 18 crore, a whopping INR 5 crore (about US$ 550,000) more than the amount he had gone last year. Pathirana struggled in the 2025 edition, going for 10.13 an over across 12 games. His performance led to the Chennai Super Kings to release him ahead of the 2026 auction. Pathirana’s unusually high amount (at the 2026 auction, only Cameron Green has gone for more at the time of writing) prompted Goswami to post his opinions on X: “18 crs for Pathirana? Just saying ... Just for unique action? CSK used him after the 12t over I remember and only [MS] Dhoni could bring out the best ... during 2024. I hope KKR manages to bring out the best in him or else this could turn out to be a huge mistake.” With his slingshot action and very fast yorkers,Pathirana emerged as a major weapon for CSK between 2022 and 2025. He played 32 IPL games for them, picking up 47 wickets at 21.61 while going at 8.68 an over. He peaked during their IPL-winning season in 2023, when his 19 wickets came at 19.52 at an economy of 8.00. IPL 2025 was the only year in which he conceded at over 10 runs an over through an IPL season. CSK head coach Stephen Fleming wasalso unhappythat an issue with his action may have been caused by Sri Lanka Cricket – perhaps part of the reason the franchise decided to release him. On December 15, the day before the auction, Pathirana returned figures of 4-1-19-3 to help the Sharjah Warriorz defend 175 against the Gulf Giants in the ILT20. His wickets included Rahmanullah Gurbaz, Matthew Forde, and Moeen Ali. Pathirana's potential remains without question though. KKR were pushed up to the 18 crore mark by LSG. LSG owner Sanjiv Goenka said, "Our principal targets were one international leg spinner and international pacer. [Wanindu] Hasaranga was our target for the spinner, and it was between Pathirana and [Anrich] Nortje for the pacer. Our captain and vice captain, were both very keen on Pathirana. We were keen on Nortje as well but Pathirana came first and we went up to 17.8. We didn't have the purse to go beyond that."

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Times of India

Dec 16, 2025, 03:37 PM

The Power of Connections: 5 Hollywood Stars Who Are 'Nepo Babies'

They say connections matter, and when it comes to Hollywood, they surely do.They say connections matter, and when it comes to Hollywood, they surely do. As much as the industry works on auditions and casting calls, having a contact or someone who can vouch for you and usher you into the right places makes the journey way easier when compared to complete newcomers.As we fawn all over the stars creating the right kinds of content for us, not many are aware that they have had an in into the industry all this while. Yes, there are multiple stars in Hollywood whose connections still remain under the wraps and they have successfully glided over the tag of "nepo baby," one that many of them have condemned. FromTimothee ChalamettoLily Collins, here are five stars you didn't know are nepo babies.Timothee ChalametA section of the internet that has negative comments to say about Timothee Chalamet is hard to find and that says a lot about the amount of love the 29-year-old received from the world.His acting prowess keeps on receiving heaps of praise and his humour and dating life keep him in the headlines. But a handful know of the deep connection he shares with Hollywood. His mother Nicole Flender, is a former Broadway dancer while his father Marc Chalamet is an American-French writer.Additionally, his sister Pauline is also an actress seen in the show 'The Sex Lives of College Girls'.Gracie AbramsThat's so true! Gracie Abrams, the Grammy-nominated singer is the daughter of J.J.by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeWeb3 meets the classroom again: Binance Case Challenge...UndoIn explosive Vanity Fair article, White House Chief of Staff Susie Wiles says a driven Trump has an 'alcoholic's personality'The Times of IndiaUndoAbrams, the famous filmmaker and composer behind Star Trek, Star Wars and more. The 26-year-old has proved her mettle with numerous chart-topping hits and is rumoured to be dating Paul Mescal.Lily CollinsEmily from Paris has never been to England because her connections there are a bit hush-hush. Actress Lily Collins currently being adored by the world for her portrayal in the Netflix series hails from England. Her father is English music icon Phil Collins, known for being the drummer and lead singer of rock band Genesis and as a solo artist.Sabrina Carpenter'Please, please, please don't prove I'm right', but we are! Sabrina Carpenter, the globally famous popstar is also secretly a nepo baby. Her aunt is actress Nancy Cartwright, who has been voicing the character of Bart Simpson for more than three decades. The 'Nonsense' singer's father David Carpenter is Nancy's step-brother.Tom HollandSpiderman has a web of connections. Tom Holland's father Dominic Holland is a well-recognised author, comedian and broadcaster. He has written nine books and was behind the Radio 4 series The Small World of Dominic Holland. His mother Nikki, is a photographer who specialises in head shots for actors, social media and corporates.While all of these actors have proved their acting talent with their diverse roles and are loved by fans and followers for their exemplary characters, it is interesting to know how connected they are to their field of work.

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News18✓

Dec 16, 2025, 03:19 PM

Varun Dhawan and Ahan Shetty Open Up About Their Experience Working on 'Border 2'

Actors Varun Dhawan and Ahan Shetty, who are the new entrants in “Border 2", on Tuesday said they were “nervous" and “petrified" to be part of the sequel of the 1997 hit. Billed as a spiritual sequel by the makers, the film explores the 1971 Indo-Pak war, and is fronted by Sunny Deol, who will be seen playing the role of an army officer. The new film is directed by Anurag Singh of “Kesari" fame, while the original was helmed by the veteran filmmaker JP Dutta. Both Dhawan and Shetty said they were thrilled to be sharing screen space with Deol, who was also part of “Border". “After many years, I’m feeling very nervous and emotional. An actor always pins his hopes on a film, and thinks that, ‘I hope people like the work that I’ve done’. For me, the biggest thing was to work with Sunny Deol and I’m genuinely thankful to him for giving us the opportunity to work alongside him," Dhawan said. Recalling the initial days when he began filming for “Border 2", the actor said even though he was a bit nervous, Deol made him feel comfortable on the movie set. “When I did my first scene with him, and he took the name of my character, I got nervous and told Anurag, ‘He is sounding like Sunny Deol’ and he laughed about it. He has been my hero as a child, and I had seen ‘Border’ in Chandan theatre multiple times. To see him in front of me was a big thing. The child in me was very happy," Dhawan said. Ahan expressed gratitude to the makers for giving him the opportunity to be part of “Border 2" but admitted that he was quite anxious. “The first one or two days, I was petrified on set, my hands were shivering to be part of such a big film. My first film, ‘Tadap’ came in 2021 so it was a long gap for me, to be able to just come on set with Varun, Sunny sir, and learn everything, to have the support of my producers and director, was a blessing in disguise," he said. Ahan’s actor father Suniel Shetty played a pivotal role in the first part of the movie and Ahan said he has tried to put his best foot forward for “Border 2". “Working with Varun sir, Sunny sir, who is an absolute legend and did ‘Border’ one with my father, was great. I’m also carrying that legacy forward. There is a certain type of pressure and that will always be there but they say, ‘Baap, baap hota hai’. So, if I can even be 10 per cent of what my father was in that film, I think I’ll be able to do justice to the character." Asked about the advice he received from Suniel Shetty, Ahan said, “He just said, ‘Be honest with your role, be honest with your character and just have fun’." Dhawan said he will be playing the role of Major Hoshiar Singh Dahiya, a Param Vir Chakra awardee, in the movie, and thanked the jawans for always protecting the country. “I was constantly told, ‘Feel the collar’. We as civilians are so lucky that they are sacrificing their lives for us, we are alive because of them. It’s a difficult ‘maahul’ (atmosphere), given the neighbours we’ve and things that keep happening, we’re so lucky that we’ve armed forces to keep us safe," he said. Actor Diljit Dosanjh who plays a pivotal role in the film was absent from the event. For director Anurag Singh diving into the world of “Border 2" was “tricky". “It is one of the iconic films and a very few war films have been made but this has been one of the best films made in India and much loved as well. There is a fine line that you’ve to re-invent so it looks like today’s film yet there needs to be a connection with the first part so the audience would feel that their emotional attachment is being valued. “To maintain that fine line is tricky. JP sir is such a huge filmmaker and trying to justify his film legacy is tricky and difficult. We’ve tried to do our best. Hopefully, JP sir will be proud when he sees the film," Singh said. The film also features actors Mona Singh, Sonam Bajwa, Medha Rana and Anya Singh.

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Financial Express

Dec 16, 2025, 03:09 PM

Franklin India Flexi Cap Fund: A Long-Term Wealth Creator

A mutual fund that turns a Rs 10,000 lump sum into nearly Rs 17 lakh and a Rs 2,000 monthly SIP into around Rs 3.5 crore over three decades is hard to ignore. Franklin India Flexi Cap Fund has delivered exactly that. Launched in 1994, the scheme has completed more than 31 years and has emerged as one of the most consistent long-term wealth creators in the equity mutual fund space. With assets of around Rs 20,000 crore, the fund stands out for rewarding disciplined investors across market cycles. Whether it is lump sum investing or investing through SIPs, the fund has not only beaten its benchmark, the Nifty 500, but has also demonstrated the real power of long-term investing. According to the fund’s fact sheet, a lump sum investment of Rs 10,000 made at launch has grown to nearly Rs 17 lakh. Even more striking is the SIP performance, where a regular monthly investment of just Rs 2,000 has created a corpus of around Rs 3.5 crore over the same period. This clearly highlights how disciplined and long-term investing can lead to meaningful wealth creation. Launch date: September 29, 1994 Total AUM: Rs 20,022 crore (as of November 30, 2025) Expense ratio: 1.69% (as of November 30, 2025) Benchmark: Nifty 500 NAV: Rs 1,668.4901 (as of December 12, 2025) Exit load: 1% if units are redeemed within one year Standard deviation: 3.57% Sharpe ratio: 0.94 R-squared: 0.96 Portfolio turnover: 21.05% Lump sum returns: 17.86% CAGR over 31 years Franklin India Flexi Cap Fund was launched on September 29, 1994, and has now completed over 31 years. Since inception, the fund has delivered annualised returns of 17.86% on a lump sum basis. An initial investment of Rs 10,000 has grown to nearly Rs 17 lakh, while Rs 1 lakh invested at launch is now worth close to Rs 1.68 crore. 15-year return: 14.28% CAGR 10-year return: 14.35% CAGR 5-year return: 21.21% CAGR 3-year return: 17.23% 1-year return: 4.09% (Source: Fund fact sheet) The fund’s fact sheet also provides SIP data since launch, covering a period of 31 years and one month. During this time, SIP investors earned annualised returns of 19.58%. A monthly SIP of just Rs 2,000, started at launch and continued till date, has grown into a corpus of around Rs 3.5 crore. Annualised SIP return over 31 years 1 month: 19.58% Monthly SIP amount: Rs 2,000 Total SIP investment since launch: Rs 7,48,000 Current value of SIP investment: Rs 3,49,90,677 15-year SIP return: 15.86% CAGR 10-year SIP return: 16.42% CAGR 5-year SIP return: 17.14% CAGR 3-year SIP return: 15.95% 1-year return: 11.25% (Source: Fund fact sheet) Franklin India Flexi Cap Fund is an open-ended equity fund that invests across market capitalisations, including large-cap, mid-cap, and small-cap stocks. The fund is suitable for investors who are looking to grow wealth over the long term and are comfortable with equity market ups and downs. The fund manager has complete flexibility to invest anywhere between 0% and 100% across large, mid, and small-cap stocks, depending on market opportunities. This flexibility allows the fund to adjust its portfolio across different market cycles. The fund focuses on investing wherever value and growth potential are visible, regardless of company size. It has also maintained a consistent dividend track record over the past 25 years. HDFC Bank: 8.49% ICICI Bank: 6.17% Bharti Airtel: 4.55% Larsen & Toubro: 4.33% Axis Bank: 4.32% Infosys: 3.61% Reliance Industries: 3.52% State Bank of India: 3.03% Mahindra & Mahindra: 3.03% HCL Technologies: 2.88% (Source: Franklin India Mutual Fund fact sheet) Banks: 25.75% IT – Software: 7.52% Telecom: 5.99% Construction: 4.49% Retail: 4.44% Power: 4.25% Automobiles: 3.85% Pharma: 3.81% Petroleum products: 3.65% Aerospace and defence: 3.01% (Source: Franklin India Mutual Fund fact sheet) Note: This article is for informational purposes only and should not be considered investment advice. Past performance may or may not continue in the future. Mutual fund investments are subject to market risks. Investors should consult a financial expert before making any investment decisions. Note: This content has been translated using AI. It has also been reviewed by FE Editors for accuracy.

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