BANKING
SBI chief backs fresh wave of bank mergers to boost scale and growth
SBI, which is 55%-owned by the government, is seeing signs of an industry-wide revival of capital spending by corporates but pricing for loans is becoming tighter.
IPO
Centre prepares to list Solar Energy Corporation of India
SECI, one of four government companies tasked with rolling out renewables in the country, has helped build about 30 gigawatts of wind and solar projects
INDIA
India, Canada deepen energy, mineral ties amid US tariffs
The two nations will also deepen engagement to widen investment and trading opportunities in the aerospace sector, the statement issued Friday said
BUSINESS
MUFG, HSBC bet big on GIFT City in warning to Asia hubs
Banks in GIFT-City disbursed nearly $20 billion in dollar loans to Indian corporates in the fiscal year ended March, more than a third of the total issued for local companies globally
BUSINESS
RBI sells dollars in offshore market as rupee nears record low
The moves helped steady the currency as it neared its September record low of 88.8050 per dollar
BUSINESS
Michael Burry’s Scion fund is deregistered, SEC filing shows
The hedge fund manager has previously warned about market exuberance, last month posting an image of his character from The Big Short movie and a warning that 'sometimes, we see bubbles'
BUSINESS
Gold set for best week in a month as data gap clouds US outlook
Gold is up nearly 60% this year and remains on target for its best annual performance since 1979.
BUSINESS
Asian stocks fall as Fed rate cut doubts emerge
Gauges in Japan, South Korea and Australia all opened weaker, even as an index of the region was poised for its third gain in four weeks.
BUSINESS
Blackstone, SoftBank said in talks for stakes in India cloud startup Neysa
A SoftBank deal would mark the Japanese conglomerate’s first new investment in India in more than three years.
BUSINESS
SBI Funds Management eyeing a potential $1.2-bn IPO in first half of 2026: Report
India’s biggest asset manager plans to ask banks to pitch for mandates to work on the IPO in the coming weeks, the people said, asking not to be identified because the information is private. SBI Funds may be valued at $12 billion
BUSINESS
Singapore Air says Air India is still hurting its bottom line
Air India, in which SIA Group has a 25.1% stake, continued to weigh on its financials. Singapore Air said its share of results of associated companies was S$417 million lower year-on-year in the first half, reflecting the Indian carrier’s losses
BUSINESS
India revamps critical mineral royalties to boost local mining
Under the revised system, the royalties — the fees miners pay to local authorities for extraction — on graphite will be charged as a percentage of sale prices decided by the Indian Bureau of Mines, instead of a fixed value per ton.
BUSINESS
Gold holds gains as traders contend with data void on US economy
Bullion was trading around $4,200 an ounce on Thursday, consolidating four days of gains — the longest winning streak in a month
WORLD
Shutdown’s end will kick off long process of rebooting US government
The House passed the Senate-approved legislation late Wednesday, but it could take until Friday — or even the following Monday — for many agencies to resume operations.
WORLD
US lawmakers pass spending bill to end record government shutdown
Fully restarting the federal bureaucracy after the longest US government shutdown in history could still take days
INDIA
Excess rainfall costs Mumbai $1.2 billion and caused 2,700 deaths every year: Report
India ranks ninth among countries most impacted by climate disasters since 1995, according to the Climate Risk Index 2026 published by GermanWatch
MARKETS
Tech rebound lifts stocks as US shutdown nears end
Nasdaq 100 futures climbed 0.6% as Nvidia Corp. led gains across the Magnificent Seven in premarket trading
INDIA
Indian Oil Corporation seeks Russian, other oil in tender
The company welcomed offers for low-sulfur grades from regions such as West Africa and the US, but also kept its usual listing for blends from Russia’s Far East
BUSINESS
India said to plan financial incentives to revive ghost airports
The subsidies build on an existing initiative, called UDAN, to boost regional connectivity and will now include airports that have remained idle despite substantial investments
INDIA
Vladimir Putin to visit India on December 5, says report
The Kremlin earlier said the Russian leader would make the trip in December
MARKETS
NCDEX gets nod for new mutual fund platform
The service will aim to expand mutual fund access to investors, particularly in India’s tier-2 and tier-3 cities where NCDEX has a broader reach
WORLD
US stock rally falters as Nvidia sinks on stake sale
Following its best session since May, the cohort of big tech weighed on equities
BUSINESS
Warren Buffett says he's 'going quiet', picking up donation pace
“Though I move slowly and read with increasing difficulty, I am at the office five days a week where I work with wonderful people,” Buffett said in a letter.
BUSINESS
SoftBank sells Nvidia stake for $5.8 billion in surprise move
SoftBank also announced a 4-for-1 stock split that will take place January 1.
