Business

09

Dec

By The Press Editor

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Business

Hypocrisy in grain market: Why Trump’s rice tariff threat is more of a concern for US consumers than India

India is the largest producer of rice - 150 million tonnes - and has a 28 per cent share of the global market. New Delhi: US President Donald Trump has signalled a fresh flashpoint with India as he questioned why New Delhi is allowed to dump rice into the United States market and stressed that tariffs will solve the "problem" easily. Trump said this while holding a roundtable in the White House with representatives of the farming and agriculture sector, along with key members of his Cabinet. During the meeting, the US President also announced USD 12 billion in federal…

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09

Dec

By The Press Editor

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Business

Microsoft chief Satya Nadella meets PM Modi, pledges USD 17.5 billion to India’s ‘AI first future’

Microsoft CEO Satya Nadella met Prime Minister Narendra Modi and announced a $17.5 billion investment for India's AI-first ambitions. The investment, Microsoft's largest in Asia, will focus on infrastructure, skills and sovereign AI capabilities. New Delhi: Microsoft CEO Satya Nadella met Prime Minister Narendra Modi on Tuesday and discussed India's growing potential in Artificial Intelligence (AI), expressing confidence in the country’s digital and technological ambitions. Nadella described the interaction as an inspiring conversation centred on India's AI opportunity and its future-ready innovation ecosystem. Following the meeting, Nadella announced that Microsoft is committing an investment of US$17.5 billion to support India's…

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09

Dec

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Business

Will India see a similar ‘Shahrukhz by Danube’ tower? Here’s what Danube Group chairman Rizwan Sajan said

In an email interaction with India TV, Sajan also talked about the idea behind 'Shahrukhz by Danube', which commemorates 33 years of excellence for both Shah Rukh Khan and him. New Delhi: Danube Properties, a subsidiary of the Danube Group, is all set for the grand launch of ‘Shahrukhz by Danube’, a premium commercial tower named after Bollywood megastar Shah Rukh Khan. The launch comes as Dubai faces a shortage of Grade A office space despite robust demand from multinational companies seeking to establish a presence here. The 55-storey commercial tower on Sheikh Zayed Road here will be completed by…

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09

Dec

By The Press Editor

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Business

Anant Ambani becomes youngest and first Asian to receive Global Humanitarian Award

Previously, this award has been given to Hollywood celebrities and several global leaders, including US Presidents John F Kennedy and Bill Clinton. New Delhi: Anant Ambani, founder of Vantara—an initiative to rescue, protect, and conserve wildlife—has been honoured with the 'Global Humanitarian Award' at an international awards ceremony held in the United States for his remarkable work in the field of wildlife conservation and animal welfare. This award was given to him for his leadership in the rescue, treatment, rehabilitation, and conservation of animals through Vantara.  Anant Ambani is the first Asian to receive the award With this, Anant Ambani…

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09

Dec

By The Press Editor

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Business

Metro Line 8 set to connect Mumbai’s two airports as Navi Mumbai Alignment gets final approval

Recently, Prime Minister Narendra Modi inaugurated NMIA, and the commercial operations are expected to be rolled out starting 25 December. Mumbai: In a significant step forward, the Maharashtra state government has finalised the alignment of Metro Line 8, which is designed to provide a direct metro connection between Chhatrapati Shivaji Maharaj International Airport (CSMIA) and the upcoming Navi Mumbai International Airport (NMIA). The metro line, developed by CIDCO, is slated to offer a seamless intra-city metro network to Mumbai by linking multiple Navi Mumbai suburbs. According to the detailed project report, 11 stations will be located within Navi Mumbai limits.…

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09

Dec

By The Press Editor

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Business

Smallcap NBFC stock trade in green as company approves allotment of NCDs, check details

Paisalo Digital, in its exchange filing today, informed that the operations and finance committee of the board of the company has approved the allotment of debentures worth Rs 40 crore. Mumbai: Shares of Paisalo Digital Ltd, a smallcap non-banking financial company (NBFC), traded with a gain of over 4 per cent on Tuesday, December 9, 2025, as the company has shared two updates with the exchanges. The counter started the trading session in the red amid market selloff and began trading at Rs 36.10 against the previous close of Rs 36.23 on the BSE. The stock dipped further to touch…

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09

Dec

By The Press Editor

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Business

CBI books Anil Ambani’s son Jai Anmol, Reliance Home Finance Ltd. over alleged Rs 228 crore bank fraud case

The CBI acted on a complaint from the bank (erstwhile Andhra Bank) against Reliance Home Finance Ltd., Jai Anmol Anil Ambani and Ravindra Sharad Sudhakar, both directors in RHFL. Mumbai: The Central Bureau of Investigation (CBI) has booked the son of industrialist Anil Ambani, Jai Anmol Anil Ambani, and Reliance Home Finance Ltd. (RHFL) in a case of alleged cheating in Union Bank of India that caused a loss of Rs 228 crore to the public bank, officials said on Tuesday. The CBI acted on a complaint from the bank (erstwhile Andhra Bank) against Reliance Home Finance Ltd., Jai Anmol…

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09

Dec

By The Press Editor

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Business

This IT stock surges over 16% even as stock markets tumbled in early trade, do you own?

The stock's 14-day relative strength index (RSI) is 31.03. For the uninitiated, a level above 70 is considered overbought or overvalued, and below 30 is defined as oversold or undervalued. Mumbai: Shares of BSE smallcap company Blue Cloud Softech Solutions surged over 16 per cent on Tuesday, December 9, 2025, even as stock markets tumbled in early trade amid weak global cues and continuous foreign fund outflows. The stock of the IT company opened with a slight gain at Rs 20.88 against the previous close of Rs 20.83 on the BSE. However, it surged amid a spurt in volume by…

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09

Dec

By The Press Editor

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Business

Wakefit IPO vs Meesho IPO GMP: Check latest grey market premium and other details

Wakefit IPO vs Meesho IPO GMP: Category-wise, shares meant for retail individual investors (RIIs) received 1.23 times subscription, while the quota for Non-Institutional Investors received 0.12 per cent subscription. Mumbai: The initial public offering (IPO) of home and furnishings company Wakefit Innovations Ltd is now open for subscription. According to data available on the National Stock Exchange (NSE), the initial share sale has received 26 per cent subscription on the second day of the offering on Tuesday. The Rs 1,289-crore initial public offering (IPO) got bids for 93,15,852 shares against 3,63,53,276 shares on offer. Category-wise, shares meant for retail individual…

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09

Dec

By The Press Editor

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Business

Kaynes Technology Share Price: Stock gains after hitting 52-week low as markets open lower

Kaynes Technology Share Price: Last seen, the counter was trading at Rs 3,889.40, with a gain of 2.36 per cent and the market cap of the company stood at Rs 26,072.46 crore. Mumbai: Shares of Kaynes Technology rebounded on Tuesday, December 9, 2025, after hitting a new 52-week low in the early session as benchmark indices tumbled amid negative global cues. The counter opened gap with a gain of 3.22 per cent at Rs 3,922 against the previous close of Rs 3,799.60 on the BSE. It gained amid a spurt in trading volume to touch the high of Rs 3958.5,…

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