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Dec 15, 2025, 09:34 PM

Innovative Vaccine Design Could Revolutionize Influenza Prevention, Reducing Community Transmission

Today's influenza vaccines primarily prevent infection in individuals, but new research led by the University of Michigan and the Institut Pasteur suggests that incorporating antibodies generated after infection could lead to more powerful vaccines by also reducing person-to-person transmission. Future vaccines that boost the antibodies—neuraminidase, or NA, in particular, along with, HA head and HA stalk (HA stands for hemagglutinin)—may add an important layer of community protection, the researchers say. "NA is a part of the influenza virus that has been relatively overlooked in vaccine design, yet they play a key role not only in lowering infection risk but also in reducing how contagious someone becomes when infected," said Aubree Gordon, co-senior study author and director of the Michigan Center for Infectious Disease Threats and Pandemic Preparedness. The study ispublishedin the journalNature Communications. It comes amid warnings of a severe flu season ahead and as the first deaths of the 2025–2026 flu season are being recorded in the Northern Hemisphere. Influenza infects upwards of 1 billion people and leads to some 650,000 deaths globally each year. Lost productivity and hospitalizations due to the flu also result in major economic loss and burden.

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Times of India

Dec 15, 2025, 09:30 PM

Saumya Tandon's Approach to Wellness: Small Habits for a Healthy Lifestyle

In a candid revelation, 41-year-old actress Saumya Tandon shares her approach to wellness, emphasizing that true fitness stems from nurturing small, sustainable habits rather than drastic dieting fads. She champions gut health by adding healthy habits and makes it a point to distribute her protein intake evenly throughout the day.At 41, actor Saumya Tandon draws attention for her calm glow and lean frame. The surprise lies in her honesty. The Dhurandhar star does not follow crash diets, detox plans, or extreme food rules.In a recent Instagram post, she clearly shared that fitness comes from small habits repeated every day. Her routine focuses on digestion, steady energy, and food discipline, not weight obsession. This approach feels relatable, especially for people who feel tired of constant dieting.Morning nutrition that supports the gut, not trendsSaumya starts her day with one tablespoon of ghee mixed with turmeric and black pepper. She follows this with a large glass of lukewarm water infused with grated ginger.This is not a quick-fix ritual. Ghee provides healthy fats that support digestion. Turmeric and black pepper are known to aid in inflammation balance, while ginger helps the gut feel lighter. The benefit here is consistency. A calm digestive system often reflects in better energy and skin health over time.Zero added sugar as a lifestyle choice, not punishmentOne of her strongest habits is complete avoidance of sugar, jaggery, and honey. She has followed this for several years.This is not about restriction for weight loss. It is about reducing sugar spikes that affect energy, mood, and cravings. Over time, taste buds adjust. Natural flavours start feeling enough. For many adults, this single habit can help reduce bloating, fatigue, and sudden hunger swings.Protein spread across the day for steady strengthSaumya follows a vegetarian diet, yet keeps protein at the centre. Paneer, lentils, chickpeas, and nuts like almonds, walnuts, and pistachios appear regularly in her meals.Instead of loading protein in one meal, she spreads it across the day. This supports muscle health, keeps energy stable, and helps avoid overeating later. It also suits people who work long hours and need sustained focus.Seeds after workouts and the 7 pm dinner ruleAfter workouts, she includes pumpkin and sunflower seeds. These are small foods but rich in minerals, fibre, and plant protein. Another non-negotiable rule is finishing dinner before 7 pm. Early dinners give the body time to digest before sleep.Many people notice better sleep quality and lighter mornings when they follow this habit consistently.Her real fitness message: discipline without stressSaumya’s routine stands out because it removes fear from food. There is no obsession with calorie counting or dramatic restrictions. The focus stays on eating with awareness, keeping sugar out, honouring digestion, and maintaining an active lifestyle. This mindset works well for people in their late 30s and 40s, when recovery and gut health matter more than extremes.Disclaimer: This article is for general information only and is not a substitute for professional medical advice. Dietary needs vary by individual. Always consult a qualified doctor or nutrition expert before making significant lifestyle or dietary changes.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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Financial Express

Dec 15, 2025, 04:55 PM

AI Boom Warning: Steve Eisman Sounds Alarm Over Large Language Models' Scaling Limitations

‘Big short’ Steve Eisman, the investor who famously predicted the 2008 housing crash is sounding a quiet alarm about the foundations of the artificial intelligence boom. On CNBC’s Squawk Box, he said that he came across a new theory that challenges one of Wall Street’s deepest beliefs about AI, that bigger models will always produce dramatically better results. Eisman said the concern is simple but potentially enormous. “The large language models, as they keep scaling, which is the model that everybody has, will start to lose their efficaciousness. The improvement is gonna slow as opposed to increase,” he said on CNBC. “If that happens, the entire economic case for the AI spending boom could weaken. Tech giants like Microsoft, which are pouring billions into chips, data centers, and infrastructure may find that returns do not justify the enormous costs. As Eisman put it,“At some point, companies like Microsoft if this becomes true they’re going to start buying fewer chips.” This would strike at the heart of the AI trade, where investor enthusiasm is built on the assumption that ever-larger AI models will keep delivering breakthrough improvements. Eisman stressed he is not predicting a collapse, but he believes this line of thinking could spread fast if proven true. “I’m not here to panic people, but if this argument is right, you’re going to start to see more and more people start to say this,” he told on CNBC. He argues that markets are focusing too much on whether AI is a bubble rather than asking the more important question, Can all this spending actually produce measurable returns? “I think what people are focusing too much on is the whole debate that’s going on is actually much more foundational,” he added. For Eisman, the real issue is figuring out how AI will deliver profits, not just whether the technology is exciting. Eisman is particularly sensitive to “foundational assumptions.” The last time Wall Street clung to one, it ended in disaster. “The entire mortgage fixed income market rested on one assumption, which was housing prices can’t go down,” he said on CNBC. “And once that assumption got pulled out, the whole edifice collapsed.” He worries AI could have a similar blind spot, the assumption that LLMs will keep scaling forever and keep delivering steep performance gains. Eisman referenced the work of NYU professor Gary Marcus, a long-time critic of current AI approaches. Marcus has repeatedly argued that LLMs may be approaching a performance ceiling, that simply scaling up size and data is delivering diminishing returns. Eisman seems to agree, “Scaling LLMs as they keep scaling will start to lose their efficaciousness.” Eisman is not pulling out of AI stocks. He still owns key players such as Nvidia, Microsoft and Meta. “I own a lot of these stocks too. I own them all,” he told on CNBC. Eisman’s former Big Short counterpart, Michael Burry, is taking the worry even further. For months, Burry has argued that AI demand is overstated and recently shorted major AI names including Nvidia and Palantir. Both men agree on one thing: nobody yet knows whether the enormous AI spending wave will generate enough returns to justify its size. Eisman put out the entire debate into a single line, “The big question on AI spending is, what kind of returns and cost savings the massive investments will bring.” As of 15th December 2025, 10:20PM, Alphabet’s Class C shares (GOOG) are trading at $307.52, which is about $3 lower than the previous close. Class A shares (GOOGL) are at $306.62, also down by around $2.67. Meta stock opened at $645.43 and traded between $638.70 and $650.96 during the day. About 5.47 million shares were traded. Over the past year, the stock has gone as high as $796.25 and as low as $479.80.

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Newsbytes✓

Dec 15, 2025, 04:32 PM

Navigating the Application Process: Tips for Obtaining Indian Certificates

Applying for Indian certificates can be a daunting task, especially if you're unfamiliar with the process.However, knowing the steps and requirements can make it a lot easier.Whether you're applying for a birth certificate, marriage certificate, or any other document, having a clear understanding of the procedure is essential.This article provides practical tips to help you navigate the application process smoothly.

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Breezy Scroll

Dec 15, 2025, 04:16 PM

Tariffs Cause $1,200 Price Hike: Trump's Import Taxes Cost US Households Nearly $1,200

Sweeping import taxes implemented since President Donald Trump returned to the White House are costing the average U.S. household nearly $1,200, according to a new assessment from congressional Democrats. The analysis, based on Treasury Department revenue data and Goldman Sachs’ estimates of cost pass-through, underscores how sharply tariff policy has shifted in Trump’s second term, and how those costs are filtering directly into consumer prices. Between February and November, American households collectively absorbed close to $159 billion in higher costs as businesses passed along tariff-induced price increases. That translates to $1,198 per household in less than a year. The findings arrive at a politically charged moment, with the cost of living ranking as the top concern for voters in recent state elections. The primary keyword “tariffs cause $1,200 price hike” centers on a basic economic chain reaction: import taxes raise the cost of bringing goods into the country, businesses try to protect margins, and consumers pay the difference. Democrats on Congress’ Joint Economic Committee relied on:

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Financial Express

Dec 15, 2025, 04:12 PM

Indian Wholesale Price Inflation Enters Negative Territory for Second Consecutive Month

Wholesale price inflation remained in negative territory for the second consecutive month in November primarily due to a decrease in the prices of food articles, mineral oils, crude petroleum & natural gas, basic metals and electricity, the government data released on Monday showed. The Wholesale Price Index-based inflation fell to (-) 0.32% in November from 2.16% in the same month last year. This also marked the fourth instance of WPI entering in negative in the last six months. However, the extent of deflation narrowed sequentially due to seasonal increase in the prices of select food items. The WPI was (-)1.21% in October. According to the data, the deflation in food articles was 4.16% compared to 8.31% in October. The deflation in vegetables and fruits was 20.23% and 0.91% in November, as against 34.97% and 7.03% in October respectively. The food index (24.38% weight) consisting of ‘food articles’ from primary articles group and ‘food product’ from manufactured products group has increased from 192.0 in October to 195.0. The rate of inflation (Y-o-Y) based on WPI food index increased from (-) 5.04% in October to (-)2.60% in November. Retail inflation inched up to 0.71% in November, from a record low of 0.25%, driven by rising food prices, according to the data released by the National Statistics Office last week. The government data showed that the inflation in manufactured products eased to 1.33% in November against 1.54% in October. Fuel and power remained in negative territory at (-2.27)% in November against (-)2.55% in October. The primary articles inflation was (-)2.93% during the months as compared to (-)6.18% in October. According to economists, WPI is likely to average around 0.4% in FY26. “The WPI deflation narrowed faster than expected to 0.3% in November 2025 from 1.2% in October 2025, reflecting the base effect, weakening INR and rising prices of some commodities,” Aditi Nayar, Chief Economist, ICRA Ltd said. With the further depreciation in the rupee, hardening commodity prices, and unseasonal rise in vegetable prices, and despite softening crude oil, Nayar expects the WPI to move into a YoY inflation of around 0.5% in December, and subsequently average above 1.5% in Q4FY6. This will aid in a slight normalisation in the GDP deflator going ahead, Nayar said. Rajani Sinha, Chief Economist at CARE Ratings Ltd, said that while food prices continued to remain in deflation, elevated edible oil inflation limited further easing in overall food inflation. Additionally, the government’s decision to impose a 30% import duty on certain pulses is expected to lend support to prices in the segment, she said. On the external front, Sinha said global commodity prices are expected to remain broadly benign, supported by oversupply in the global crude oil market and excess capacity in China. However, several base metals, including copper, tin, and aluminium, along with precious metals such as gold and silver, have witnessed sharp price increases, she said.

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The Free Press Journal

Dec 15, 2025, 04:01 PM

Bihar Government Explores Hot Air Balloon Tourism as New Adventure Option

Patna, December 15:The Bihar government has begun examining a proposal to introduce hot air balloon tourism in the state as part of efforts to expand and diversify its tourism offerings. The idea was discussed at a recent meeting chaired by Arun Shankar Prasad, with representatives from a Bihar Tourism Agency, officials said. Sources familiar with the meeting said that the discussions focused on assessing the viability of hot air balloon operations at select locations across Bihar. Officials reviewed how such an initiative could provide aerial views of the state’s natural landscapes, river stretches and heritage sites, while also examining its alignment with the state’s broader tourism development plans. The meeting also covered operational and regulatory aspects, including safety norms, infrastructure needs, permissions and coordination with relevant authorities. Economic implications such as potential job creation, impact on local businesses and long-term sustainability were part of the deliberations. Officials noted that several states have adopted adventure and experiential tourism models in recent years and Bihar is evaluating whether similar initiatives can be adapted to local conditions. However, they clarified that the proposal remains at a preliminary stage and no final decision has been taken. The tourism department is expected to conduct further assessments before moving ahead with any formal announcement, indicating that the government is proceeding cautiously while exploring new avenues to strengthenBihar’stourism sector. The hot air balloon rides were recently launched in Rohtas, where the tourists were offered the rides after successful trials conducted in February this year at the Karamchat Eco Tourism and Adventure Hub. The trial was carried out as part of state's ongoing tourism development efforts and was reportedly inaugurated by by Bihar Chief Minister Nitish Kumar during his Pragati Yatra.

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The Free Press Journal

Dec 15, 2025, 03:55 PM

Dream Sports MSSA Inter-School Football Tournament: Thrilling Matches and Dominant Performances

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The Free Press Journal

Dec 15, 2025, 03:40 PM

Wanted Man Arrested in Patna Over Competitive Exam Paper Leaks

Patna:A man, wanted in several cases linked to paper leaks of competitive exams, was arrested in Patna on Monday, police said. Chandan Kumar alias Chandan Goyal was arrested by the Economic Offences Unit (EOU) from Patna's Agam Kuan area, they said. He was arrested on the basis of intelligence inputs, indicating that he was "in search of candidates" for upcoming competitive exams, they added. Chandan, who is part of the Sanjeev Mukhiya gang, hails from Sheikhpura district. The gang targets candidates of many examinations, including TET, LDC, MTS, NEET and the BPSC TRE 3.0 that was cancelled in 2024 following a paper leak, police said in a statement. The gang is accused of collecting huge sums from candidates by promising assured selection through illegal "setting", they said. Chandan was earlier arrested in connection with a TET case and was released on bail. Police were looking for him for years in NEET-related cases registered at the Patrakar Nagar police station. He was produced before a court, which sent him to judicial custody. (Except for the headline, this article has not been edited by FPJ's editorial team and is auto-generated from an agency feed.)

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Times of India

Dec 15, 2025, 03:38 PM

SBI Aims to Double Mobile Banking Customer Base with Yono 2.0 Launch

MUMBAI: State Bank of India plans to double its mobile banking customer base to 20 crore over the next two years from the current 9.4 crore with the launch of Yono 2.0, chairman C S Setty said on Tuesday.To help customers transition to the new digital platform, the bank will expand its in-branch digital support network to 10,000 floor managers across the country by March.“This is not simply a mobile application,” Setty said at the press conference. “We have rewritten the entire internet banking code, which will now be called Yono Net Banking, and alongside that we have launched a completely reimagined mobile application.”He said SBI has also redesigned its branch systems to mirror the same customer journeys available on mobile and internet banking. “If a customer starts a journey on mobile or internet banking and is unable to complete it, they can walk into a branch and complete the same journey seamlessly. From a customer experience perspective, this is a critical element,” he said.SBI currently has close to 10 crore customers on its mobile app and a larger base on internet banking, with some overlap.by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeNita Ambani unveils an innovative treehouse at Nita Mukesh...UndoWatch: CM Nitish Kumar pulls down woman's hijab at event; Cong, RJD slam 'vile act' - The Times of IndiaThe Times of IndiaUndo“Over the next two years, we aim to take this to 20 crore customers primarily served through mobile banking,” Setty said, adding that scalability drove the redesign. “From that perspective, the incremental cost is not significant.”Around 3.5 crore existing internet banking users have already been migrated to the new Yono Net Banking interface. “The feedback has been good. It has become far more customer-friendly,” Setty said.The app has been designed to work across devices and network conditions. “This is a very light application. Device memory, device type and connectivity constraints have all been factored in to ensure the app works across conditions,” he said.Under SBI’s “phygital” approach, branches will be reimagined rather than scaled down. “We are digital-first, but we will continue to serve customers physically,” Setty said.Floor managers, currently numbering about 3,500–4,000, will be increased to 10,000 to help customers migrate to digital channels while continuing to assist with conventional services.On costs, Setty said digital onboarding sharply reduces acquisition expenses. “For customer acquisition through digital onboarding, the cost is roughly one-tenth of branch-based acquisition,” he said, though he declined to quantify overall savings.Setty said SBI’s digital strategy is anchored on what he called the “Yono-isation” of the bank. “This is not just about launching an app. It is about simplification across journeys,” he said, adding that monetisation was “not on the table immediately”.The bank is targeting younger customers, with around one-third of SBI’s customer base below 30 years of age. “We open about 70,000 accounts every day. Our aim is that 90% of digitally onboarded customers should be onboarded through the mobile application,” he said.Setty said work on Yono 3.0 has already begun, with simplification remaining the core design principle. He said Yono 2.0 would compete directly with third-party UPI apps. “Payments were the single most important feature customers asked us to reimagine. The UPI stack has been completely redesigned,” he said.On security, Setty said the platform follows a “security-by-design” framework, with customers having direct control over transaction limits and usage settings.He added that 60–70% of transactions are monitored in real time or near real time.Yono 2.0 will be rolled out as an app upgrade in a calibrated manner, with most Android users expected to migrate over the next two weeks. Launched in 2017, Yono now handles most of SBI’s digital activity, with 93% of customer-initiated payments conducted digitally and cumulative digital lending crossing Rs 2 lakh crore.“Yono is more than a platform,” Setty said. “It is a digital operating system for SBI’s Vision 2030.”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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Financial Express

Dec 15, 2025, 03:26 PM

India's Merchandise Exports Soar to Three-Month High Amid Strong Global Demand

A surprise jump in shipments to the US despite high tariffs pulled India’s merchandise exports to a three month high of $ 38.13 billion in November, a growth of 19.37% on year. The growth wasthe highest in three years and coupled with a 1.88% decline in imports to $ 62.66 billion which brought down the trade deficit to a five month low of $ 24.53 billion. After contracting for the two straight months after the imposition of additional duties in August, the exports to the US grew 22% year-on-year to touch $ 6.98 billion. Other geographies that contributed to the November performance was China where the exports were up 90% to $ 2.20 billion. In April-November exports to the US have grown 11.38% on year to $ 59.04 billion while to China the growth has been 32.83% to $ 12.22 billion. Growth was also witnessed in markets of Spain, United Arab Emirates (UAE) and Tanzania. The decline in imports in November was due to sharp fall in gold imports both year-on-year and month-on-month. Gold imports were down 59.15% on year in November to $ 4.0 billion. Another commodity that saw fall in imports was crude oil where the decline was 11.27 % on year to $ 14.11 billion. The November trade performance has offset the losses on the goods trade front in October, commerce secretary Rajesh Agrawal told reporters. In October exports had declined 11.80%, imports were up 16.68% and the trade deficit was $ 41.68 billion, a record. Only five out of the 30 broad commodity groups saw a decline in exports in November. The sectors driving exports during the month were engineering, electronics, petroleum, pharma, chemicals and gems and jewellery. Engineering exports that account for more than a quarter of total shipments were back to growth after contraction in October, recording an expansion of 23.76% to $ 11.0 billion. Electronics exports grew 38.96% to $ 4.81 billion, petroleum exports were up 11.6% to $ 3.93 billion. Gems and Jewellery that have seen a decline during most of the months of the financial year, grew 27.80 % to $ 2.64 billion. Pharma exports were up 20.91% to $ 2.6 billion while chemical exports were up 18.49% to $ 2.34 billion. Readymade garment exports were up 11.27% to $ 1.24 billion while marine product exports were 13.54% to $ 877 million. “Diversification of export markets, along with the continued resilience of several key sectors, has played a crucial role in supporting export growth. With sustained policy support, enhanced logistics efficiency, and access to competitive export financing, India’s exports are well-positioned to maintain this positive trajectory in the coming months,” president of Federation of Indian Export Organisations S C Ralhan said. To help exporters the commerce ministry is finalising the detailed guidelines of the Rs 25,060-crore export promotion mission, and a few components of it will be rolled out this week itself, the commerce secretary said. He said though this help may not be enough to deal with the steep 50% tariff imposed by the US, it will definitely bring relief for exporters in areas of liquidity. Services exports in November grew 1.55% on year to $ 35.86 billion while imports were up 4,11% to $ 17.96 billion. In April-November goods exports grew 2.62% to $ 292.07 billion while imports were up 5.59% to $ 515.21 billion. Overall exports in April-November were up 5.43% to $ 562.13 billion and imports were up 5.00% to $ 651.13 billion.

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The Indian Express

Dec 15, 2025, 03:16 PM

India's GST Cuts Boost Consumer Borrowing, Fuel Economic Growth

The Goods and Services Tax (GST) cuts led to an increase in people taking on more loans to make purchases, with data from credit bureau firm TransUnion CIBIL showing that demand for consumer durable loans was significantly higher between Dussehra and Diwali compared to the same period last year. Splitting the last few months of 2025 into three periods – the 19 days after the GST cuts were announced and before they were implemented on September 22, the 10-day pre-festive period after their rollout and before Dussehra, and the 20 days between Dussehra and Diwali – the credit bureau found that demand for consumer durable loans was incrementally higher by around one-and-a-half times in the festival window compared to a year ago. This, TransUnion CIBIL said on Monday, was indicative of “renewed consumer confidence” “GST 2.0 was a much-needed step to stimulate economic growth, and its positive impact is evident in the improvement of consumer sentiment and the upward trend in credit demand. While fostering and sustaining this credit demand is crucial, it is equally important to promote responsible borrowing practices,” Bhavesh Jain, Managing Director and Chief Executive Officer of TransUnion CIBIL, said.

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Financial Express

Dec 15, 2025, 03:16 PM

iRobot Files for Bankruptcy as Competition and Debt Take Toll

For over two decades, iRobot’s Roomba was a symbol of futuristic living, a small robot quietly cleaning homes. This redefined what consumer robotics could be. Founded by scientists from the Massachusetts Institute of Technology , iRobot was once among the most admired American hardware innovators. That long-running success story, however, has now entered a difficult new chapter. On Sunday, the 35-year-old company filed for Chapter 11 bankruptcy protection in a Delaware court, saying it would restructure its business and go private after being acquired by its primary contract manufacturer, China-based Picea Robotics. Once the court-supervised process is completed, expected by February 2026, iRobot will delist from Nasdaq and operate as a privately held company. All existing common shares will be cancelled, leaving shareholders with no recovery. iRobot was founded in 1990 and initially focused on defence and space-related projects. Its turning point came in 2002 with the launch of the Roomba robotic vacuum cleaner. The product was an instant hit and helped turn iRobot into a household name. Over the years, the company sold more than 50 million robots globally and built a strong presence in key markets. Even today, iRobot controls around 42 percent of the US robotic vacuum market and about 65 percent of the Japanese market, as reported by Reuters. The company went public in 2005 and reached its peak valuation during the pandemic, when stay-at-home demand pushed iRobot’s market value to about $3.56 billion in 2021. At that point, the future of smart home robotics seemed firmly in its grasp. The problems began as competition in the robotic vacuum space increased. Chinese manufacturers such as Ecovacs Robotics entered global markets with cheaper alternatives that offered similar features. To defend its market share, iRobot was forced to cut prices and also spending heavily on research, software, and product upgrades. Though sales volumes held up, profit margins shrank steadily. In 2024, iRobot generated roughly $682 million in revenue, but the company remained loss-making. Regardless of its dominance in the US and Japan, it struggled to compete in a market where consumers increasingly prioritised price over brand loyalty. US trade policy under the Trump administration further weakened iRobot’s position. The company manufactures most of its vacuum cleaners in Vietnam for the US market, and new US tariffs proved costly. A 46 percent levy on Vietnamese imports added an estimated $23 million to iRobot’s costs in 2025 alone, according to court filings. The company said the tariffs not only hurt margins but also made it difficult to plan for the future, adding uncertainty at a time when finances were already under strain. iRobot’s fortunes appeared set to change in 2022, when Amazon announced plans to acquire the company in a deal valued at about $1.4 to $1.7 billion. The acquisition promised stability, fresh investment, and integration into the smart home ecosystem. However, the deal ran into regulatory resistance, particularly from European Union competition authorities, who raised concerns about market dominance. After months of uncertainty, Amazon abandoned the acquisition in January 2024, paying iRobot a $94 million termination fee. By then, the prolonged limbo had already taken a heavy toll on the company’s finances and morale. While waiting for the Amazon deal to close, iRobot had taken on a $190 million loan in 2023 to refinance its operations. When the acquisition fell apart, the company struggled to service the debt. iRobot soon fell behind on payments to Picea Robotics, its long-time manufacturing partner. Picea later acquired iRobot’s debt from funds managed by the Carlyle Group, effectively becoming both its main supplier and largest creditor. By the time iRobot filed for bankruptcy, it owed around $190 million from the 2023 loan and an additional $74 million under manufacturing agreements. The collapse of the Amazon deal also led to internal changes. iRobot cut about 31 percent of its workforce, founder and CEO Colin Angle stepped down, and Gary Cohen took over as chief executive to steer the company through restructuring. Under the restructuring plan, Picea Robotics will take full ownership of iRobot, cancelling approximately $264 million in debt. Other creditors and suppliers are expected to be paid in full. The company said the bankruptcy process will not disrupt its products, mobile apps, customer support, global partnerships, or supply chain relationships. Court filings estimate iRobot’s assets and liabilities at between $100 million and $500 million. The company, headquartered in Bedford, Massachusetts, currently employs about 274 people. Once the restructuring is completed, iRobot will operate as a private company wholly owned by Picea and will no longer be listed on the stock market.

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Financial Express

Dec 15, 2025, 03:06 PM

Indian Rupee Plunges to New Low Amid Weak Market Sentiment and Persistent Outflows

The Indian rupee continues to extend losses on Monday, closing at a new low of 90.73/$ — down 31 paise – due to weak sentiment. This was the third consecutive session of closing at new lows. In fact, the rupee has closed at a new low 8 times in the past month. According to currency experts, persistent outflows and delay in the trade deal with the US is keeping the market sentiment weak. This has taken the year-to-date (YTD) depreciation in the current financial year to more than 6%, the highest in three years. “Some positioning was also there due to on-going initial public offer (IPO) and the forex swap, which will be held tomorrow,” said a dealer at a public sector bank. Expressing his worries about the rapid depreciation, he added that the pace of depreciation has to change since there has to be a balance between improving export competitiveness and impact on imports. “Traders are pushing the rupee lower and lower. The Reserve Bank of India (RBI) was expected to step in at 90.50 earlier, but we have already breached it, and there is no sign of settling,” the dealer added. Dealers said that the RBI was present in the market at multiple levels but in a mild way, curbing excess volatility, traders said. With further delay in the trade deal and limited RBI intervention. traders expect the currency to breach 91 soon. The trade deficit data, which was released on Monday, was a slight relief to the market. India’s merchandise trade deficit has decreased to a five-month low of $24.53 billion in November. “The rupee will keep weakening without sustained capital inflows. There should be some structural reforms to boost the inflows, which is the need of the hour. With 50% tariffs on top of capital outflows, we cannot rule out the rupee sliding to 93 over the next two quarters. 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 8,846 crore, data from Clearing Corporation of India Ltd (CCIL) showed. According to Alok Singh, treasury head – CSB Bank, the rupee’s depreciation will only reverse with either deal announcements or fresh capital market inflows. “If that happens, I see rupee below 90 by March,” he said.

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Trade Brains

Dec 15, 2025, 03:00 PM

Domestic Institutional Investors Boost Stakes in Indian Stocks

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Financial Express

Dec 15, 2025, 02:58 PM

India's Marine Products Exports Surge 16% Despite US Tariffs

Despite being hit by the US’ tariff , India’ marine products exports increased by over 16% to $ 5.75 billion in April – November, 2025-26 on year because of a surge in shipment across several new markets, according to official data released on Monday. In November, 2025, India exported marine products valued at $ 0.87 billion, an increase of 15% compared to a year ago. Official sources earlier stated that the exports of marine products declined to $ 1.06 billion, a decline of over 7% during April- October of FY26 to the United States , the country’s biggest export destination because of high tariffs. This loss in shipment was ‘more than compensated’ by a rise in shipment to China, Vietnam, Belgium, Japan, Russia, Canada and the United Kingdom, sources said. “Non-US markets emerge as the new growth engine,” according to an official note. However seafood exporters told FE that an earlier commitment of exports to the US is still being executed, especially keeping into consideration the rise in the demand during Christmas despite duties. However , after January 15, 2026 the order pipeline from the US is completely empty which may hit the country’s marine exports. India’s seafood exports, mostly frozen shrimp, were $ 7.45 billion in FY25, with the United States having a share of 35% ($ 2.8 billion). The bulk of the country’s seafood exports to the US is ‘Vannamei Shrimp’. Ecuador had a 19% in the USA’s annual seafood import of $ 6 billion. The tariff by the US had put Indian seafood at a major disadvantage compared to competitors like Ecuador (15%), Vietnam (20%), and Thailand (19%) tariff. According to an official note, rise in exports of maring products in the current fiscal reflect both a diversification in export destinations and a structural shift in global sourcing trends, as buyers in Asia and Europe increasingly turn toward Indian suppliers for consistent quality and competitive pricing. It stated the rising market expansion opportunity for the country’s marine exports potential. Earlier trade officials had feared that the seafood exports would hit as effective duties imposed by the US have been increased to 59.71% which includes countervailing (5.76%) and anti-dumping duties (3.96%) along with a 50% tariff announced for India by President Donald Trump. “Despite global price pressures, recessionary trends in the US, and volatile logistics conditions, India’s marine sector demonstrated strong resilience”, an official said. To boost India’s seafood exports prospects, the European Union (EU) has approved 102 additional fishery units for shipments, the Marine Products Export Development Authority. Earlier trade officials had feared that the seafood exports would hit as effective duties imposed by the US have been increased to 59.71% which includes countervailing (5.76%) and anti-dumping duties (3.96%) along with a 50% tariff announced for India by President Donald Trump. “Despite global price pressures, recessionary trends in the US, and volatile logistics conditions, India’s marine sector demonstrated strong resilience”, an official said. To boost India’s seafood exports prospects, the European Union (EU) recently has approved 102 additional fishery units for shipments, the Marine Products Export Development Authority. The EU is the third-largest seafood export destination for India after China, accounting for 15.10% of India’s total exports. The seafood exports to the EU in FY25 were valued at $ 1.12 billion, and key export items included frozen shrimp, cuttlefish, and squid.

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Times of India

Dec 15, 2025, 02:54 PM

Rekha's Turbulent Love Life: From Amitabh Bachchan to Tragic Marriage

Rekhais a legend and one of the finest actresses Indian cinema ever has seen. The actress continues to woo the audience till date every time he makes an appearance. However, unfortunately, Rekha's personal life has never been short of struggle or turbulence.Rekha had a difficult childhood as she started working very early on and thus, also grew up quickly. The actress also wasn't lucky in love. While she is often linked to many men, her relationship withAmitabh Bachchanhas been the most talked about. Rekha later married Delhi-based industrialist Mukesh Aggarwal. In a recent interview, Rekha's friend Bina Ramani who is a fashion designer, author and entrepreneur has opened up on her relationship with Bachhcan and why she chose to marry Mukesh.Bina said that while Rekha was deeply in love with Amitabh, who was already married to Jaya Bachchan, she eventually understood that he would never publicly accept their relationship, especially after entering politics. Bina recalled that around the same time, Rekha visited her in New York and expressed a desire to marry “someone important”. It was Bina who later introduced Mukesh Aggarwal to Rekha. She said she first heard about Mukesh through a friend and eventually met him at a party in Delhi.by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeNita Ambani unveils an innovative treehouse at Nita Mukesh...UndoWatch: CM Nitish Kumar pulls down woman's hijab at event; Cong, RJD slam 'vile act' - The Times of IndiaThe Times of IndiaUndoAsha Parekh, Waheeda Rehman And Rekha Grace ‘120 Bahadur’ Star-Studded ScreeningTalking about that first introduction, Bina said during a chat with ANI, “My friend described Mukesh as the most die hard, ardent fan of Rekha. She told me he could recite any dialogue of Rekha from any movie and he knows her entire life.”Sharing her own impression of Mukesh, Bina said, “He was not descriptive. Nothing much, he was short and dark, but when you got to talking and engaging with him, he was very nice, but he could pass you like six times and you would not recognise him.She, on the other hand, was a diva.” She added that Mukesh was extremely sincere in his admiration for Rekha. “With so much sincerity in his eyes, he told me if he could just speak to Rekha.He said, ‘If there is a possibility that I could meet her someday, you have no idea what it would mean to me, and what you would have achieved, she would be the happiest person on earth.’”Bina then recalled how she introduced Mukesh and Rekha over the phone.“I think I introduced them on the phone, and she didn’t know what he even looked like. She spoke to him for 2-3 minutes and told me to give his number to her. She told me not to give her number to him. She took his number and then called him.”According to her, the two began speaking regularly, though Rekha had her doubts about Mukesh’s appearance. “They were in two different cities. Bombay and Delhi. He was over the moon. He could not believe that this has happened to him, and then they exchanged pictures and then she calls me and says, ‘Can you see him standing next to me?’ I mean, there is Amitabh Bachchan and it’s her vision.So I tell her, ‘No, not really, but he seems like a nice man, but this is in your hands and I don’t want to take any decision for you’.”Bina believes Rekha’s emotional state played a role in her decision. “But she realised what feels good for her at that time from that heart break that she was in. And perhaps she wanted that obsessive love.”She also spoke about Rekha and Mukesh’s first meeting in person, which took place at a friend’s house in Mumbai.“They seem to be happy. They have spoken so much already, and they knew quite a lot about each other, so maybe it didn’t take that long and from there on.”Bina said she was shocked when she soon heard about their wedding. “Then suddenly we read in the paper or TV that they got married. I was in shock. I didn’t expect it to be so soon. I expected certain more conversations between us,” she said.Mukesh Aggarwal died by suicide just seven months after marrying Rekha.Reflecting on the marriage, Bina described it as unrealistic. “I think in due course with Rekha‘s life being in Bombay, it was part fantasy, wishing for the best, her life was deeply into Bombay life. There was no way she could have adjusted to Delhi. She must have come to Delhi a few times but I was no longer in touch with her,” she said.Rekha herself later spoke about the emotional journey she went through after Mukesh’s death during an interview with Simi Grewal. “One went through the whole gamut of feelings. The initial shock and then denial that ‘no, this can’t be really happening to me’ and later on, this intense anger and then you go on this self pity trip that ‘what did I do wrong? I never meant to hurt anybody’. Then trying to understand it, in vain, of course, because you never understand it.And then, finally, of course, acceptance.”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 Free Press Journal

Dec 15, 2025, 02:53 PM

Maharashtra Municipal Corporation Elections Scheduled for January 15, 2026

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Deccan Herald

Dec 15, 2025, 02:48 PM

India Denies Rice Dumping Claims in US Market

New Delhi: Commerce Secretary Rajesh Agrawal on Monday said that India mainly exports expensive basmati rice to the US, and there is no case for dumping of the commodity in the American market. He said that already, a 50 per cent tariff is there on Indian rice. "We mainly export basmati rice to the US, which is a GI product... our more than 80 per cent of exports is basmati rice. We export very less non-basmati white rice. Our basmati rice export prices in the US are very high than general export prices. So prima facie there is no case of dumping in the US," he told reporters here. Agrawal said that no dumping investigation has been initiated by the US. Earlier this month, US President Donald Trump said that India should not be "dumping" rice into the United States market, and he will "take care" of it, while stressing that tariffs will solve the "problem" easily. He also indicated that India might have to pay higher tariffs on rice.

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Financial Express

Dec 15, 2025, 02:37 PM

India's Merchandise Trade Deficit Narrows as Gold, Oil, and Coal Imports Decline

India’s merchandise trade deficit narrowed to $24.53 billion in November, driven by a fall in gold, oil and coal imports, according to government export and import data released on Monday. The trade deficit was at $41.68 billion in the previous month of October and $17.06 billion in November 2024. Overall trade, including merchandise and services, recorded exports of $73.99 billion in November 2025, up from $64.05 billion in November 2024. Imports during the period declined marginally to $80.63 billion from $81.11 billion. Merchandise exports rose sharply to $38.13 billion in November 2025 from $31.94 billion a year ago, marking the highest level in over 10 years. Merchandise imports however declined to $62.66 billion in November 2025 from $63.87 billion in November 2024. The services sector exports rised to $35.86 billion from $32.11 billion in November 2024. Imports increased marginally during the period, moving up to $17.96 billion from $17.25 billion. India is currently facing steep tariffs of up to 50% from the United States and is in talks with the US to negotiate a trade deal, with the expectation of a tariff reduction. Latest in the India-US trade deal- Prime Minister Narendra Modi spoke with US President Donald Trump last week following a US trade delegation’s visit to New Delhi. On top of this Mexico also imposed 50% tariff on India among its other trade partners. Rajeev Juneja, President of PHDCCI highlighted that the key drivers of merchandise export growth in November 2025 included iron ore (70%), cashew (57%), oil meals (40%), electronic goods (38%), and coffee (34%), among others. Despite global headwinds, India registered positive export growth with 14 out of its 20 major trading partners, reflecting increasing diversification and resilience in external trade, Jueja added. “Looking ahead, India’s exports are expected to continue on a resilient growth trajectory, supported by sustained government efforts to diversify export markets and enhance global competitiveness,” said Ranjeet Mehta, CEO & Secretary General of PHDCCI. He noted, “The government’s Export Promotion Mission (EPM) and deeper engagement across regions, including the US, EU, Gulf Cooperation Council (GCC), and Asia-Pacific, will play a pivotal role in propelling India’s export growth.” The government has rolled out several measures recently, including GST reform , cutting taxes on a range of products, an export promotion package and labour reforms, to cushion the economy from the impact of steep US tariffs

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Financial Express

Dec 15, 2025, 02:31 PM

Indian FMCG CEOs See GST 2.0 as Defining Moment for Consumption Growth

A GST -led formalisation and more disposable incomes in the hands of people could support consumption growth, particularly in foods, some of the country’s top FMCG CEOs said at the CII FMCG Summit held in Mumbai on Monday. The government consolidated its four-tier GST rate structure into two – 5% and 18% – in September, shifting a number of FMCG products including food & beverages into the 5% tax bracket. While GST transition issues have hurt performance of companies in the last couple of months, that has wound down now, CEOs said. “A lot of us feel that GST 2.0 can be a defining moment for Indian FMCG. This is both from a consumption perspective as well as the reform bringing a more level playing field for small and large players,” Sudhir Sitapati, MD & CEO, Godrej Consumer Products (GCPL), who is also the chairman of the CII National Committee on FMCG, said. While GST-induced price cuts in categories such as durables and cars saw an immediate impact on sales, the benefits for FMCG will emerge over time. “Growth will be anchored on affordability and availability, along with the steady shift from unbranded to branded consumption,” Saugata Gupta, MD & CEO, Marico said. Rural and small towns remain a steady pillar of growth, Ravi Swarup, partner and consumer products practice head, Bain & Company, added, as urban demand remains mixed for now. Data from retail intelligence platform Bizom bears that out: FMCG value growth between urban and rural widened in November, as urban growth was soft at 2.5%, even as rural growth was strong at 5.7%. In October, urban growth had reported a sharp rebound of 6.3%, while rural growth was 7.1%. Sudhanshu Vats, MD, Pidilite Industries and co-chairman of the CII National Committee on FMCG said that the monetary and fiscal measures announced during the calendar year 2025 along with the GST 2.0 reforms had created immediate headroom for discretionary spending in FMCG. But success, he noted, would depend on R&D and innovation tailored for India, as most global solutions do not work here directly. “Companies also need to engage the full consumption pyramid to be able to capitalise on the growth opportunity in the sector,” he said. Vats also cautioned about segmenting the market on organised and unorganised lines, saying small players deserved respect as many had seen consistent growth, even as large players struggled over the last few years in terms of growth. “India today has hyperlocal, regional, national and MNC players. While growth is significant, it must be approached like a marathon,” he said. Kumar Venkatasubramanian, CEO & MD, P&G India, said that he saw a significant penetration opportunity as consumption trends change. “In markets like the Phillippines, consumption is one diaper a day. In urban India, it is one in two days. In rural India, it is one in two weeks. For instance, moving rural consumption closer to urban levels creates a massive penetration opportunity,” he added.

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Newsbytes✓

Dec 15, 2025, 02:30 PM

India Rejects US Allegations of 'Dumping' Rice into Market

India has strongly rejected the US's allegations of "dumping" rice into its market.TheIndian governmentclarified that most of its rice exports are premium-grade basmati, which is usually priced higher than non-basmati varieties.The clarification came after US PresidentDonald Trumphinted at imposing more tariffs on Indian rice imports due to these alleged practices.

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Newsbytes✓

Dec 15, 2025, 02:30 PM

India and New Zealand Near Free Trade Agreement (FTA) After Fourth Round of Negotiations

India andNew Zealandare on the verge of finalizing a free trade agreement (FTA), Commerce Secretary Rajesh Agrawal said today.The announcement comes after the fourth round of negotiations, which included virtual and in-person meetings at both official and ministerial levels.Last week, New Zealand Trade Minister Todd McClay met with Commerce and Industry MinisterPiyush Goyalto review progress in these discussions.

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Newsbytes✓

Dec 15, 2025, 02:28 PM

India's Retail Inflation Plummets to Record Low: Did GST Cuts Boost Demand?

India's retail inflation plummeted to a record low of 0.25% in October and 0.71% in November, largely due to a sharp decline in food prices.The recent cuts in Goods and Services Tax (GST) rates contributed to this disinflation trend, especially in October when the revised rates were fully implemented for the first time.An analysis byMintshows that nearly 40% of items saw a month-on-month price decline during this period.But, did this boost demand? Let's see.

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Financial Express

Dec 15, 2025, 02:25 PM

India Seeks Preferential Trade Agreement with Mexico Amid Tariff Hike

India has started discussions on a Preferential Trade Agreement (PTA) with Mexico to cushion the impact of steep tariff increase by it on the countries with which it does not have any Free Trade Agreement (FTA) . “Based on their request, we have engaged. The only fast way forward is to try to get into a PTA because an FTA will take a lot of time,” commerce secretary Rajesh Agrawal told reporters. Citing support for local production and correction of trade imbalances, Mexico has approved an increase in import tariffs ranging from 5 to 50% from January 1 on 1,455 tariff lines within the WTO framework, targeting non-FTA partners. Through these tariffs Mexico seems to be trying to address deep supply chain linkages with China that have developed over time. The tariff increase by Mexico is World Trade Organisation (WTO) compatible as it is within the ceiling it has committed at the world trade watchdog. So these tariffs cannot be challenged at the WTO. “We have proposed the best way forward, a WTO compatible way where if our supply chains are not the target, then we can create a PTA and try to get concessions that are required for Indian supply chains and also similarly offer them concessions where they have export interest to India without our support,” Agrawal added. After the announcement of tariffs, the embassy of India had raised immediate concerns with Mexico’s Ministry of Economy on September 30, which clarified that the measure is not directed against India and reaffirmed its commitment to bilateral relationship. Through continuous engagement thereafter, a virtual meeting between Commerce Secretary Mexico’s Vice Minister Dr. Luis Rosendo was held on 2 December 2025, agreeing to pursue a trade agreement to mitigate the impact promptly. The technical discussions on the PTA have been initiated from 12 December 2025. “As of now, we have a clear pathway and what path we are going to take and what is the timeline we are looking at,” the commerce secretary said. India exported $ 5.75 billion worth of goods to Mexico in 2024-25 and according to the commerce ministry estimates the move by Mexico impacts $ 2 billion worth of shipments. The sectors most impacted are automobile, two-wheelers, auto parts, textiles, iron and steel, plastics, leather and footwear. India’s imports from Mexico last year were $ 3.01 billion. It has a trade surplus of $ 2.72 bn. Indian companies have also invested in Mexico in large numbers. At present there are 200 odd Indian companies with presence there whose total investments stand at $ 4 billion. “There is a good amount of supply chain integration and that will get impacted with these tariffs,” the commerce secretary added.

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First Post

Dec 15, 2025, 02:22 PM

India Charges Pakistan-Based Terrorist Group with Planning Deadly Attack

The National Investigation Agency (NIA) on Monday charged Pakistan-based and Pakistan-backed terrorist group Lashkar‑e‑Taiba (LeT), one of its commanders, and five others with planning and carrying out the Pahalgam attack. In a charge sheet filed in the NIA Special Court, Jammu, the agency treated The Resistance Front (TRF), the organisation that claimed responsibility for the Pahalgam attack, as a proxy of the LeT, and accused it of planning, facilitating, and executing the act of terror. On April 22, terrorists attacked a location popular with tourists in Jammu and Kashmir’s Pahalgam and killed 26 persons, including 25 tourists and one local resident. It was the worst terrorist attack in many years and prompted India to launch ‘Operation Sindoor’ on May 7 to strike terrorist facilities in Pakistan and Pakistan‑occupied Jammu and Kashmir (POJK). The NIA described the attack as “religion-based targeted killings”. In a statement, the NIA said the charge sheet accused Sajid Jatt of LeT; three Pakistani terrorists —Faisal Jatt alias Suleman Shah, Habeeb Tahir alias Jibran, and Hamza Afghani— along with two Pahalgam residents, Parvaiz Ahmad and Bashir Ahmad Jothatd, in the Pahalgam attack case. The NIA identified Suleman, Jibran, and Hamza as the terrorists who carried out the attack. Previously, in July, Union Home Minister Amit Shah had announced they were killed by security forces in Srinagar. Separately, in June, Ahmad and Jothatd were arrested for harbouring and supporting the three terrorists. “During interrogation, the two men had disclosed the identities of the three armed terrorists involved in the attack and had also confirmed that they were Pakistani nationals affiliated to proscribed LeT terror outfit. Further investigation in the case is continuing,” the NIA said in the statement. Previously, Sajid has been described as an LeT commander. Suleman, Habeeb, and Jibran were part of several teams operating under the command of Sajid, according to The Print. The report described Sajid as a senior LeT operative who had previously served in south Kashmir’s Kulgam for several years. Currently, the report said, he is believed to live in the village of Changa Manga near Lahore. Sajid, LeT, and the others named in the charge sheet have been booked under relevant provisions of the Bharatiya Nyaya Sanhita (BNS), 2023; the Arms Act, 1959; and the Unlawful Activities (Prevention) Act (UAPA), 1967; and have been charged with waging war against India, the NIA said in the statement. Further investigation in the case is continuing, the NIA said. Delhi's AQI hit 437, prompting the Singapore High Commission to advise its nationals to stay indoors, wear masks, and follow local guidelines. Stage 4 of the Graded Response Action Plan was triggered, restricting construction and industrial activities, and encouraging hybrid work for schools and offices. Severe smog disrupted daily life and air travel, with over 400 flights delayed and authorities urging residents to limit outdoor activities and wear masks. Get the latest stories delivered straight to your inbox.

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Siasat News✓

Dec 15, 2025, 02:20 PM

Gold Prices Soar to All-Time High in India Amid Global Rally

New Delhi:Gold prices surged by Rs 4,000 to touch an all-time high of Rs 1,37,600 per 10 grams in the national capital on Monday, tracking firm global cues, according to the All India Sarafa Association. The precious metal of 99.9 per cent purity had closed at Rs 1,33,600 per 10 grams on Friday. “Gold prices scaled even higher as international spot gold surged towards the USD 4,350 zone, triggering a strong rally in the domestic market,” Jateen Trivedi, VP Research Analyst, Commodity and Currency, LKP Securities, said. He added that the yellow metal reflected the global strength with a sharp gain, touching a fresh lifetime high. Gold prices had earlier appreciated by Rs 3,200 to touch an all-time high of Rs 1,34,800 per 10 grams on October 17. “The move was driven by renewed safe-haven demand and expectations around upcoming US economic data, including non-farm payrolls and the Core PCE Price Index scheduled this week, focus has firmly shifted to US macro cues, which are expected to keep volatility elevated,” Trivedi added. During the current calendar year, gold prices have surged Rs 58,650, or 74.3 per cent, from Rs 78,950 per 10 grams on December 31, 2024. On the other hand, silver prices remained flat at Rs 1,99,500 (inclusive of all taxes), as per the association. So far in this year, silver prices have skyrocketed by Rs 1,09,800, or 122.41 per cent, compared with Rs 89,700 per kilogram on December 31, 2024. In the international markets, spot gold rallied for the fifth consecutive session, rising USD 49.83, or 1.16 per cent, to USD 4,350.06 per ounce. Over the past five sessions, the yellow metal has added USD 159.32, or 3.80 per cent, from USD 4,190.74 per ounce recorded on December 8. “Spot gold trading with a positive bias as the Federal Reserve not only cut the rate into elevated inflation, it is also adding liquidity to the system by buying Treasury bills,” Praveen Singh, Research Analyst, Mirae Asset ShareKhan, said. Meanwhile, spot silver advanced by USD 2, or 3.24 per cent, to USD 63.96 per ounce in the overseas markets. On Friday, the white metal had touched a lifetime high of USD 64.65 per ounce.

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Siasat News✓

Dec 15, 2025, 02:19 PM

Muslim Street Vendor Dies After Brutal Assault in Bihar Over Alleged Theft

Patna: A 40-year-old Muslim street vendor, Mohammad Athar Hussain, succumbed to his injuries on Friday, December 12, at Sadar Hospital in Nawada,Bihar, after a brutal assault. The attack took place on December 5, when a group of men approached him, forced him off his bicycle, and locked him in a room, where they humiliatingly checked his “Muslim” identity by asking him to undress. A video of Hussain’s last statement that emerged on December 12 has gone viral, where he described the disturbing details of thelynchingand accused a group of men of the assault over his religious identity. “Five people stopped me and started checking my pockets, took me to a room and locked me up. They told me to open my pants to make sure I am a Muslim. After that, they started beating me and burning my skin,” Hussain recounted the incident. A 40-year-old Muslim street vendor, Mohammad Athar Hussain, succumbed to his injuries on Friday, December 12, at Biharsharif Sadar Hospital after a brutal assault that left him severely injured.The attack took place on December 5, when a group of men accused him of theft,…pic.twitter.com/0cHAQsuzyb The victim suffered from major bodily and burn injuries. In the video, Hussain alleged that the mob even crushed his feet, fingers and ears with pliers and repeatedly hit him with bricks. He was beaten with iron rods, sticks and one person also stomped on his chest, and allegedly poured petrol on his body, in an attempt to burn him. On Friday late at night, the police received an emergency 112 call of an assault taking place in the Bhatta village under the Roh police station jurisdiction. According to Nawada police station sub-divisional police officer (SDP) Hulash Kumar, it was a scene of utter chaos as a large mob attacked Hussain indiscriminately. The main accused,SikandarYadav, said the Muslim man was being “punished” for stealing. A severely injured Hussain was rushed to the Roh Public Health Centre (PHC) in the early hours of December 6. Sikandar Yadav, in his police complaint, stated that Hussain stole from his house. A case was booked against the Muslim man under the section of theft while the latter underwent treatment. His wife, Shabnam Parveen, also filed a counter-complaint on the same day of the assault, stating her husband was assaulted on suspicion of theft. Speaking tolocal media, Parveen alleged her husband was continuously shifted to different hospitals before getting treatment in Nawada Sadar Hospital. “I kept requesting the police to shift him to a private hospital, but they refused. He was later moved to Pawapuri and subsequently to Bihar Sharif Sadar Hospital, where he died,” she said. She later alleged that the initial FIR was filed to “divert attention from the mob attack” and insisted that the case was motivated by Islamaphobia. Hussain came from the Gagan Dewan village in Nalanda district and had been staying in Nawada for almost 20 years, selling clothes to support his family. He was the sole breadwinner and is survived by three children. Speaking toSiasat.com, SDP Hulash Kumar said the assault was never looked through the lens of a hate crime, since their investigation up until the emergence of the video never revealed a religious connotation. “See, demographically speaking, the area has both Yadavs and Muslims, and even in the mob, there was a Muslim involved, named Chote Miya, who is on the run,” he said. The officer also brings up the initial complaint filed by the victim’s wife, which does not mention an assault based on a religious hate crime. “Until the video surfaced, we never considered it a religious hate crime. The investigation had never taken the route,” the officer said, adding that the rhetoric changed after the video. “The police have an understanding that the attack was based on theft, not on religious identity,” he said. According to the SDP, within five minutes of the case being reported, Sikandar Yadav, Ranjan Kumar, Kedar Yadav, Gariban Yadav, Yadu Yadav, Chandan Yadav and 11 others have beenarrested. As of yet, the hospital has not released the postmortem report to the police.

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Financial Express

Dec 15, 2025, 02:13 PM

India-US Trade Talks Near Framework Agreement; Tariffs to be Reversed

India and the US are very close to a framework agreement that will see reversal of the reciprocal and penal tariffs on Indian exports and the pact could be completed in a short period of time, Commerce Secretary Rajesh Agrawal said Monday. He, however, refused to put a time frame to the agreement. “We remain engaged with the US very positively and with a very positive intent to see if we can close it earlier than later.” The total additional tariffs that the US has imposed on India are 50%. Last week a delegation led by Deputy US Trade Representative Rick Switzer was in India for meetings on December 10-11. The visit was largely to familiarise the Deputy USTR who had just taken over with India and its priorities. “At the meetings we also took stock of our trade, our trade relationship, but also the stage at which we are in terms of the negotiations both for the Bilateral Trade Agreement (BTA) and framework agreement,” Agrawal said. Apart from meeting with Agrawal, Switzer also met Commerce and Industry Minister Piyush Goyal and Foreign Secretary Vikram Misri. A team from the European Union (EU) led by its trade commissioner was also in New Delhi from December 3-9 as both sides work to wrap up their discussions by the end of this year. “We had a very deep engagement of all issues and we are narrowing down the differences (With EU). I think every day my team and their team are engaged on some or other issue, I am also engaged at my level, chief negotiator is involved at his level, so I think these discussions are now on a regular basis,” Agrawal added. He said in the discussions with the EU the issue of carbon tax that it will start collecting on import of some select commodities like cement, steel, aluminium and fertilizers under the Carbon Border Adjustment Mechanism (CBAM) is also on the table in the negotiations on FTA. The carbon tax that will be collected from January 1 on carbon emissions that are above the EU-prescribed limits. The carbon tax will eliminate any duty concessions that the exporters of steel and aluminium might get post the FTA. India’s exports and steel and aluminium are substantial.

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First Post

Dec 15, 2025, 02:04 PM

Bondi Beach Attack: Could Intelligence Agencies Have Prevented Tragedy?

Could the Bondi Beach attack have been prevented? That’s what many are asking after over a dozen people were killed and several injured by a father and son duo in Australia. The incident, which occurred on Sunday as celebrations began for the Jewish festival of Hanukkah, was Australia’s deadliest mass shooting in decades. A 10-year-old girl, a Holocaust survivor and two rabbis were among those killed in the attack. Now, questions are being asked about whether this was a failure by intelligence agencies and if authorities could have done more to prevent the horrific attack. Let’s take a closer look. According to reports, one of thegunmen had come under the scanner of authorities in Australia over half a dozen years ago. The father and son duo were identified as 50-year-old Sajid Akram and 24-year-old Naveed Akram. While Sajid was killed while exchanging gunfire with officers, Naveed was apprehended by the police and taken to hospital, where he remains under guard. The gunman came under the scanner of the Australian Security Intelligence Organisation (ASIO), the country’s domestic intelligence agency, for his links with a Sydney-based terror cell of the Islamic State. ASIO director-general Mike Burgess toldABCthat theagency knew about one of the gunmen, though he did not specify which.“One of these individuals was known to us, but not in an immediate-threat perspective, so we need to look into what happened here,” Burgess said. However, a senior Joint Counter Terrorism Team (JCTT) official, speaking on condition of anonymity, said ASIO began keeping tabs on Naveed around six years ago after police busted an Islamic State terror attack. The JCTT is made up of ASIO, NSW Police, the Australian Federal Police and the NSW Crime Commission. ABChas reported that authorities began keeping tabs on Naveed after Islamic State Sydney cell leader Isaac El Matari was arrested in 2019. Matari, who declared himself the Australian commander of Islamic State, is currently serving a seven-year jail sentence. Matari was convicted of preparing an Islamic State insurgency in Australia. The official added that Naveed Akram is closely connected to Matari. Matari’s Islamic State cell comprised other Sydney men who have since been convicted of terrorist offences – all of whom are reportedly close to Naveed. Prime Minister Anthony Albanese has confirmed ASIO first became aware of Naveed in 2019 and probed him for six months. However, it was determined that he did not pose an ongoing threat to Australia. This is in stark contrast to NSW Police Commissioner Mal Lanyon, who on Monday said there was “little knowledge of either of these men by the authorities” prior to the attack. However, it must be pointed out that intelligence agencies could have hundreds under surveillance at the same time. Simply ‘being known’ to authorities is not enough for them to take concrete action. Intelligence agencies conduct a risk assessment to determine the likelihood of an individual or individuals actually carrying out an attack. As Greg Barton, a counter-terrorism expert at Deakin University, told _The Age_:“If [Naveed Akram] was of interest in 2019, people will be asking whether the authorities missed something &mldr; People will be asking whether enough was done to monitor him. The authorities themselves will be asking that.” “Just because you find someone with links and connections doesn’t mean you have the basis for charging or arresting them,” Barton pointed out. “Twenty minutes [later], there were four policemen. Nobody returned fire. Nothing. Like they froze. I don’t understand why,” eyewitness Shmulik Scuri was quoted as saying by theNew Zealand Herald. Grace Matthews told theABCthat a friend saw police were “very underprepared”. “There’s a police station less than a block from where the shooting was happening&mldr; It’s beyond my understanding as to why it took so long to handle,” Matthews, hiding in a church nearby, said. Israeli security sources have claimed that its intelligence agency Mossad warned Australia multiple times over threats to the Jewish community. However, the New South Wales Police chief has saidthere was no input about a specific threat to this event at the beach. “If the police had had intelligence that there was a risk to the community or to this event, we would’ve taken significant action,” said Commissioner Mal Lanyon. Albanese on Sunday called the attack “an act of evil”. “There is no place for this hate, violence and terrorism in our nation. Let me be clear, we will eradicate it,” he said. However, some are criticising Albanese for failing to deal with what they say is a rising tide of anti-Semitism in Australia since the outbreak of Israel’s war in Gaza in 2023. According to the Executive Council of Australian Jewry, there have been 1,654 reports of anti-Jewish incidents in Australia till October 1, 2025. These range from verbal abuse and racial slurs to harassment, intimidation and Nazi salutes. While this is below the 2,062 incidents reported in 2024, it is still far higher than the number of anti-Semitic incidents reported in 2023 and the years prior, which some have pegged at around 342 incidents per year. “The writing was on the wall,” Alex Ryvchin, Executive Officer of the Executive Council of Australian Jewry, toldCNN. “This sort of thing was always bound to happen. But at the same time, we’re not a country with a high level of gun crime… This sort of thing just doesn’t happen here,” he added. In fact, Burgess, the Director-General of ASIO, said in February that anti-Semitism was among the intelligence agency’s top concerns. “Jewish Australians were increasingly conflated with the state of Israel, leading to an increase in anti-Semitic incidents. The normalisation of violent protest and intimidating behaviour lowered the threshold for provocative and potentially violent acts,” Burgess said at the release of the Annual Threat Assessment 2025 in February.“Narratives originally centred on ‘freeing Palestine’ expanded to include incitements to ‘kill the Jews’. Threats transitioned from harassment and intimidation to specific targeting of Jewish communities, places of worship and prominent figures. I am concerned these attacks have not yet plateaued.” Meanwhile, Jillian Segal, whom Albanese appointed as Special Envoy to Combat Antisemitism, released a Plan to Combat Antisemitism in July. The programme recommended steps such as adopting a uniform national definition of antisemitism, including Holocaust and antisemitism education in school curricula, and ensuring universities were addressing antisemitism. “What once seemed distant or uncomfortable can no longer be ignored. Taunts from the Opera House steps, synagogues set alight and now massacres at a celebration form a clear pattern. This is not the Australia we know and it cannot be the Australia we accept. Australia responded decisively after Port Arthur in 1996. This moment requires the same action. Words are no longer enough,” Segal said in a statement. However, many, including some Jewish groups, criticised Segal’s plan, saying it would hurt Australia’s democratic freedoms, such as freedom of expression, and had conflated anti-Semitism with legitimate criticism of the state of Israel for its conduct in the Gaza war. Israeli Prime Minister Benjamin Netanyahu has slammed Australian Prime Minister Albanese, claiming that the government had “poured fuel on the anti-Semitic fire”. Australia is among the countries that have recognised the need for a separate Palestinian state. Netanyahu has claimed Albanese’s “weakness, appeasement, and more appeasement” was at least partially responsible for the attack. Albanese, for his part, has insisted Australia is doing enough. “Yes, we have taken it seriously, and we’ve continued to act,” he was quoted as saying byCNN. With inputs from agencies Baking offers comfort, structure, and a therapeutic process through measuring, stirring, and transforming ingredients. It serves as an emotional outlet, connecting people through shared joy and nostalgia, and marking traditions and special occasions. Baking allows for creativity and discovery, with bakers experimenting with new techniques and ingredients. Get the latest stories delivered straight to your inbox.

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Republic World

Dec 15, 2025, 01:57 PM

Sydney Mass Shooting Sparks Calls for Stricter Gun Control Laws Amid Rising Antisemitism

Sydney: Australian leaders promised Monday to immediately overhaul already-tough gun control laws after a mass shooting targeted a Hanukkah celebration on Sydney’s Bondi Beach. At least 15 people died in the attack, which has fueled criticism that authorities are not doing enough to combat a surge in antisemitic crimes. Among the new measures proposed would be a limit on the number of guns someone can own and a review of licenses held over time. Those and other actions would represent a significant update to the landmark national firearms agreement, which virtually banned rapid-fire rifles after a gunman killed 35 people in Tasmania in 1996, galvanizing the country into action. “The government is prepared to take whatever action is necessary. Included in that is the need for tougher gun laws,” Prime Minister Anthony Albanese said. The violence erupted at the end of a summer day when thousands had flocked to Bondi Beach, an icon of Australia’s cultural life. They included hundreds gathered for the Chanukah by the Sea event celebrating the start of the Jewish festival with food, face painting and a petting zoo. Albanese called the massacre an act of antisemitic terrorism that struck at the heart of the nation. Police shot the two suspected gunmen, a father and son. The 50-year-old father died at the scene. His 24-year-old son remained in a coma in hospital on Monday, Albanese said. Police won’t reveal their names. At least 38 other people are being treated in hospitals. Among those is a man who was captured on video appearing to tackle and disarm one apparent assailant, before pointing the man’s weapon at him, then setting the gun on the ground. The man was identified by Home Affairs Minister Tony Burke as Ahmed al Ahmed. The 42-year-old fruit shop owner and father of two was shot in the shoulder. Al Ahmed, an Australian citizen who migrated from Syria in 2006, underwent surgery on Monday, his family said. Al Ahmed’s parents, who moved to Australia in recent months, said their son had a background in the Syrian security forces. “My son has always been brave. He helps people. He’s like that,” his mother, Malakeh Hasan al Ahmed, told Australian Broadcasting Corp. through an interpreter. Authorities had investigated one of the suspected gunman Albanese confirmed that Australia’s main domestic spy agency, the Australian Security Intelligence Organization, had investigated the younger suspected gunman for six months in 2019. The ABC reported that the agency had examined the son’s ties to a Sydney-based Islamic State group cell. Albanese did not describe the associates, but said the agency was interested in them rather than the son. “He was examined on the basis of being associated with others and the assessment was made that there was no indication of any ongoing threat or threat of him engaging in violence,” Albanese said. The horror at Australia’s most popular beach was the deadliest shooting in almost three decades since the 1996 Port Arthur massacre. The removal of rapid-fire rifles has markedly reduced the death tolls from such acts of violence since then. Albanese’s proposals to limit the number of guns someone can own and review licenses were announced after the authorities revealed that the older suspected gunman had held a gun license for a decade and amassed his six guns legally. Leaders of the federal and state governments on Monday also proposed restricting gun ownership to Australian citizens, a measure that would have excluded the older suspect, who came to Australia in 1998 on a student visa and became a permanent resident after marrying a local woman. Officials wouldn’t confirm what country he had migrated from. His son, who doesn’t have a gun license, is an Australian-born citizen. The government leaders also proposed the “additional use of criminal intelligence” in deciding who was eligible for a gun license. That could mean the son’s suspicious associates could disqualify the father from owning a gun. Chris Minns, premier of New South Wales where Sydney is the state capital, said his state’s gun laws would change, but he could not yet detail how. “If you’re not a farmer, you’re not involved in agriculture, why do you need these massive weapons that put the public in danger and make life dangerous and difficult for New South Wales Police?” Minns asked. Among those hospitalized are two police officers. Those killed included a 10-year-old girl, a rabbi and a Holocaust survivor. While none of the dead or wounded have been formally named by the authorities, the identities of those killed, who ranged in age from 10 to 87, began to emerge in news reports Monday. Among them was Rabbi Eli Schlanger, assistant rabbi at Chabad of Bondi and an organizer of the family Hanukkah event that was targeted, according to Chabad, an Orthodox Jewish movement that runs outreach worldwide. Israel’s Foreign Ministry confirmed the death of an Israeli citizen, but gave no further details. French President Emmanuel Macron said a French citizen, identified as Dan Elkayam, was among those killed. Larisa Kleytman told reporters outside St Vincent’s Hospital in Sydney that her husband, Alexander Kleytman, was among the dead. The couple were both Holocaust survivors, according to The Australian newspaper. Over the past year, Australia has been rocked by antisemitic attacks in Sydney and Melbourne. Synagogues and cars were torched, businesses and homes graffitied and Jews attacked in those cities, where the vast majority of the nation’s Jewish population lives. Of Australia’s 28 million people, about 117,000 are Jewish, according to official figures. The massacre provoked questions about whether Albanese and his government had done enough to curb rising antisemitism. Jewish leaders and the massacre’s survivors expressed fear and fury as they questioned why the men hadn’t been detected before they opened fire. “There’s been a heap of inaction,” said Lawrence Stand, a Sydney man who raced to a bar mitzvah celebration in Bondi when the violence erupted to find his 12-year-old daughter. “I think the federal government has made a number of missteps on antisemitism,” Alex Ryvchin, spokesperson for the Australian Council of Executive Jewry, told reporters gathered on Monday near the site of the shooting. “I think when an attack such as what we saw yesterday takes place, the paramount and fundamental duty of government is the protection of its citizens, so there’s been an immense failure.” The Australian government has enacted various measures — including appointing a special envoy to combat antisemitism, toughening laws and investing in enhanced security for Jewish schools and synagogues — to counter a surge in antisemitism since Hamas attacked Israel on Oct. 7, 2023, and Israel responded with an offensive in Gaza. Israeli Prime Minister Benjamin Netanyahu said Sunday that he warned Australia’s leaders months ago about the dangers of failing to take action against antisemitism. He claimed Australia’s decision, in line with scores of other countries, to recognize a Palestinian state “pours fuel on the antisemitic fire.”

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Financial Express

Dec 15, 2025, 01:47 PM

Gold and Silver Prices Surge Amid Geopolitical Tensions and Safe-Haven Demand

Gold and silver prices continue to surge as fresh triggers emerge from the US economy. In the international market, gold trades at over $4,300 while silver is trading at over $63. On Monday, gold prices rose 1% to over $4,340 per ounce, approaching an all-time high, boosted by prospects of further US interest rate cuts. Gold has gained over 60% year-to-date, on course for its largest annual gain since 1979, powered by sustained central bank purchases, high ETF inflows, safe-haven demand, and a shift by investors away from sovereign bonds and currencies. Silver rose beyond $63 per ounce on Monday, on track to establish new record highs and increase by about 120% year to date. The increase has been fueled by tightening supply, strong industrial demand, and the metal’s inclusion on the US key minerals list. The recent surge in prices of gold and silver is largely attributable to heightened geopolitical tensions and uncertainty over global growth, which have boosted safe-haven demand, the finance ministry said on Monday. In a written reply to the Lok Sabha, Minister of State for Finance Pankaj Chaudhary said domestic prices of precious metals like gold and silver are primarily determined by their prevailing international prices (in US dollar terms), the exchange rate of the Indian rupee against the dollar and applicable taxes/tariffs. “The recent surge in prices is largely attributable to heightened geopolitical tensions and uncertainty over global growth, which have boosted safe-haven demand, including substantial gold purchases by central banks and major institutions worldwide,” he said. He was replying to a question related to an increase in gold and silver prices. Chaudhary further said that while prices of gold and silver have witnessed a rising trend in the current year, it may have differential effects across states or population groups depending upon the degree of socio-cultural and economic reliance on these precious metals. They serve a dual role — not only as a consumption item but also as an investment avenue, as they are considered safe assets for hedging against uncertainties. Thus, an increase in the price of gold or silver positively influences household wealth, as the notional value of existing gold or silver holdings appreciates, the minister said. For prospective buyers, he said, purchases represent a shift from one form of asset (cash) to another (gold or silver), whose value may appreciate over time. He emphasised that the prices of precious metals are determined by the market and the government is not involved in the price fixation. He also added that RBI and government regulation of bullion imports through nominated agencies, banks and refineries improves traceability, reduces grey market channels and helps domestic prices more smoothly track global benchmarks rather than react to shortages or speculative spikes. India imported gold worth USD 26.51 billion and silver worth USD 3.21 billion till September this fiscal. The gold import bill was USD 58 billion and USD 4.82 billion for silver during fiscal 2024-25. The Indian currency is backed by the assets maintained by the RBI in accordance with the RBI Act, 1934, which requires the RBI to hold gold coins, gold bullion, foreign securities, rupee coins and rupee securities to such aggregate amount as is not less than the total currency issued. As on March 31, 2025, the Reserve Bank of India held 879.58 metric tonnes of gold as compared to 822.10 metric tonnes as on March 31, 2024, reflecting an increase of 57.48 metric tonnes. These gold holdings contribute to strengthening confidence in the Indian Rupee and the overall external stability of the economy, the minister said. The closing bullion rates on Monday were – 1 Gm Gold 22 Kt – Rs 12,720; 1 Gm Gold 24 Kt Rs 13,877; Silver rate Per Kg: Rs 2,0,2000. Gold price in India surged by Rs 4,000 to touch an all-time high of Rs 1,37,600 per 10 grams in the national capital on Monday, tracking firm global cues, according to the All India Sarafa Association. The precious metal of 99.9 per cent purity had closed at Rs 1,33,600 per 10 grams on Friday. “Gold prices scaled even higher as international spot gold surged towards the USD 4,350 zone, triggering a strong rally in the domestic market,” Jateen Trivedi, VP Research Analyst, Commodity and Currency, LKP Securities, said. He added that the yellow metal reflected the global strength with a sharp gain, touching a fresh lifetime high. Gold prices had earlier appreciated by Rs 3,200 to touch an all-time high of Rs 1,34,800 per 10 grams on October 17. “The move was driven by renewed safe-haven demand and expectations around upcoming US economic data, including non-farm payrolls and the Core PCE Price Index scheduled this week, the focus has firmly shifted to US macro cues, which are expected to keep volatility elevated,” Trivedi added. During the current calendar year, gold prices have surged Rs 58,650, or 74.3 per cent, from Rs 78,950 per 10 grams on December 31, 2024. So far in this year, silver prices have skyrocketed by Rs 1,09,800, or 122.41 per cent, compared with Rs 89,700 per kilogram on December 31, 2024. Silver imports in November 2025 jumped 125.40 per cent to USD 1.07 billion. “Spot gold trading with a positive bias as the Federal Reserve not only cut the rate into elevated inflation, but it is also adding liquidity to the system by buying Treasury bills,” Praveen Singh, Research Analyst, Mirae Asset ShareKhan, said. Prices of the yellow metal on Monday crossed Rs 1.35 lakh per 10 grams in the national capital. Commenting on the data, Commerce Secretary Rajesh Agrawal said the dip in imports has brought down the country’s import bill. Switzerland is the largest source of gold imports, with about 40 per cent share, followed by the UAE (over 16 per cent) and South Africa (about 10 per cent). The precious metal accounts for over 5 per cent of the country’s total imports. The imports from Switzerland dipped by 82.54 per cent to USD 837.7 million in November. In April-November this fiscal, inbound shipments dipped 13.32 per cent to USD 16.22 billion. India is the world’s second-biggest gold consumer after China. The imports mainly take care of the demand by the jewellery industry. (With PTI Inputs)

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Deccan Herald

Dec 15, 2025, 01:37 PM

Gold Prices Reach All-Time High as Global Cues Drive Rally

New Delhi: Gold prices surged by Rs 4,000 to touch an all-time high of Rs 1,37,600 per 10 grams in the national capital on Monday, tracking firm global cues, according to the All India Sarafa Association. The precious metal of 99.9 per cent purity had closed at Rs 1,33,600 per 10 grams on Friday. "Gold prices scaled even higher as international spot gold surged towards the USD 4,350 zone, triggering a strong rally in the domestic market," Jateen Trivedi, VP Research Analyst, Commodity and Currency, LKP Securities, said. He added that the yellow metal reflected the global strength with a sharp gain, touching a fresh lifetime high. Gold prices had earlier appreciated by Rs 3,200 to touch an all-time high of Rs 1,34,800 per 10 grams on October 17. "The move was driven by renewed safe-haven demand and expectations around upcoming US economic data, including non-farm payrolls and the Core PCE Price Index scheduled this week, focus has firmly shifted to US macro cues, which are expected to keep volatility elevated," Trivedi added. During the current calendar year, gold prices have surged Rs 58,650, or 74.3 per cent, from Rs 78,950 per 10 grams on December 31, 2024. On the other hand, silver prices remained flat at Rs 1,99,500 (inclusive of all taxes), as per the association. So far in this year, silver prices have skyrocketed by Rs 1,09,800, or 122.41 per cent, compared with Rs 89,700 per kilogram on December 31, 2024. In the international markets, spot gold rallied for the fifth consecutive session, rising USD 49.83, or 1.16 per cent, to USD 4,350.06 per ounce. Over the past five sessions, the yellow metal has added USD 159.32, or 3.80 per cent, from USD 4,190.74 per ounce recorded on December 8. "Spot gold trading with a positive bias as the Federal Reserve not only cut the rate into elevated inflation, it is also adding liquidity to the system by buying Treasury bills," Praveen Singh, Research Analyst, Mirae Asset ShareKhan, said. Meanwhile, spot silver advanced by USD 2, or 3.24 per cent, to USD 63.96 per ounce in the overseas markets. On Friday, the white metal had touched a lifetime high of USD 64.65 per ounce.

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Financial Express

Dec 15, 2025, 01:33 PM

Gold Loans Gain Popularity as Retail Borrowers Seek Cheaper Credit

Retail borrowers are increasingly preferring gold loans as against personal loans, said bankers. This is primarily because of the sharp rise in gold prices that is helping them raise higher amounts at lower interest rates. According to sectoral deployment data from the Reserve Bank of India in October, the growth rate of bank credit to loans against gold jewellery has doubled from 65% last to 128.5% on year to Rs 3.37 lakh crore. At the same time, the ‘other personal loans’ segment slowed to 9.9% from 10.4% a year ago and for credit card outstanding fell to 7.7% from nearly 17% a year ago. C S Setty, chairman, State Bank of India told FE that the scaling of the bank’s personal loans business has not been as rapid as they would like, and it was largely due to rise in gold prices. “Many salaried customers are opting for gold loans instead, since they can access larger amounts at cheaper rates compared to unsecured personal loans,” said Setty. In fact, given the current situation Setty added that when one talks about personal loans, one should include both unsecured loans and gold loans together. The sharp rise is the prices is one of the main reasons for this change. In the past year, gold prices have rocketed by 74% to Rs 1.33 lakh leading to a rise in the average ticket size. While rural borrowers typically borrow between Rs 20,000 and Rs 2 lakh, urban customers and business owners are opting for higher loan amounts, with some lenders reporting average ticket sizes of around Rs 2.5 lakh. The traction in the segment could increase further from April 1 due to the changes made by the RBI to the loan-to-value (LTV) ratio. Currently, the loan-to-value, which is the ratio of the outstanding loan amount to the value of the pledged eligible collateral as on that day, for gold loan is 75% but after April 1, loans with ticket size of less than Rs 2.5 lakh would have an LTV of 85% and for loans between Rs 2.5 lakh and Rs 5 lakh, would be 80%. As far as interest rates go, gold loans also have lesser interest rates as compared to personal loans. According to Bankbazaar, interest rates on gold loans range between 9-15%, while for personal loans it is higher at 10-20%. “Personal loans and credit cards carry higher interest rates and stricter eligibility norms, especially for customers with limited credit history. Gold loans offer lower rates, flexible terms, and instant access, making them the preferred option for liquidity without impacting credit scores,” Narendra Dixit – head of retail banking at CSB Bank said. According to Anto George T, chief operating officer at South Indian Bank, the demand is coming from all regions and customer segments—business owners, self-employed individuals, farmers, and households. While South India remains a traditional stronghold, lenders are seeing rapid growth across Western and Northern India as well. “Many borrowers prefer top-ups instead of liquidating gold, reflecting the emotional value attached to the asset,” Dixit said. Fresh gold inflows also remain healthy. Despite higher loan values, bankers said that the repayment behaviour remains strong. Gold loans continue to show among the lowest delinquency levels in retail credit, aided by flexible repayment structures and the secured nature of the product. Competition in the segment has intensified as banks, non-bank lending companies, and financial technology companies vie for market share. NBFCs and fintech-led players continue to lead in customer acquisition through faster processing and local networks, particularly in rural markets. Banks, however, are closing the gap by leveraging lower cost of funds, brand trust, and faster turnaround times through digitisation. “The battleground is shifting to speed combined with trust,” Dixit said.

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First Post

Dec 15, 2025, 01:13 PM

Indian Army Showcases Captured Pakistani Drone of Turkish Origin During Operation Sindoor

The Indian Army recently showcased a captured Pakistan military drone of Turkish origin, which was brought down by Indian forces on May 10 during Operation Sindoor. The drone, reportedly operated by Pakistani forces, was intercepted as part of a series of defensive operations aimed at safeguarding India’s airspace and sensitive installations. Officials say that the operation demonstrated the army’s readiness to respond to unmanned aerial threats with agility. While the Indian Army did not provide extensive technical details about the drone, experts cited byANInoted that such unmanned aerial vehicles (UAVs) can be used for surveillance, reconnaissance, or even tactical strikes. Capturing one provides critical intelligence on foreign military technology and strategies. Watch the video here: #WATCH| Indian Army showcases a captured Pakistan military drone of Turkish origin brought down by the Indian forces on May 10 during Operation Sindoorpic.twitter.com/ZsE0zt5zLo Operation Sindoor was a military and strategic counter-terror offensive launched by India in May, following a barbaric terrorist attack in Pahalgam, Kashmir, on April 22, that claimed the lives of 26 innocent civilians. The attack, where victims were allegedly segregated and killed based on their religion, was attributed to a Pakistan-based terrorist group, “The Resistance Front” (TRF). Theoperation involved precision strikeson terrorist infrastructure and training camps deep inside Pakistan. It was a significant shift in India’s counter-terrorism doctrine, moving beyond traditional responses. Prime Minister Narendra Modi declared, “Operation Sindoor is not just a name. It is a reflection of the feelings of millions of people in the country. Operation Sindoor is an unbroken pledge of justice.” The strikes, which reportedly neutralised over 100 terrorists and destroyed major terror hubs, sent a strong message to state sponsors of terrorism. PM Modi further asserted, “The enemy has now realised the consequences of removing ‘sindoor’ from the foreheads of our daughters and sisters.” Prime Minister Narendra Modi arrived in Amman, Jordan, beginning his three-nation tour that includes Ethiopia and Oman. The visit celebrates 75 years of India-Jordan diplomatic ties and includes meetings with King Abdullah II, PM Jafar Hassan, and the Indian diaspora. The trip aims to deepen India's diplomatic, economic, and cultural engagement with key Middle Eastern and African partners. Get the latest stories delivered straight to your inbox.

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Times of India

Dec 15, 2025, 01:09 PM

India's Financial Architecture Undergoes Transformation

India’s financial architecture is evolving again. No major policy announcements or dramatic currency changes are coming to the forefront. The transformation of the financial system is happening beneath the surface, continuous between data and decision-making.It is seen in the instant confirmation ping of a vendor settlement, in real-time reconciliations that once took days, and in risk signals intercepted before they appear on system dashboards. For banks, merchants, and fintech firms, the change is operational, embedded in every transaction, every approval, and every line of compliance.The volume of digital transactions has grown beyond what traditional systems were designed to manage.Banks must now balance scale with scrutiny. Merchants, especially ones who deal with multiple accounts and markets, seek speed and visibility without operational inconsistencies. Fintechs are walking a fine line pushing ahead with innovation while staying grounded in regulatory expectations and sound risk discipline.The very atmosphere has almost wiped out the room for mistakes. A single oversight today can unravel years of trust.Intelligent systems have begun altering the foundations of financial operations. Real-time monitoring has reduced the dependence on manual review. Automated compliance workflows are trimming operational bottlenecks. Anomaly detection tools, driven by pattern learning, identify behaviour that previously went unnoticed. Rather than replacing human judgment, these systems reinforce it, acting as an extended layer of vision for already stretched teams.Account connectivity and payment orchestration have gained new importance; unified account interfaces simplify what was once fragmented. Bulk disbursements, commission settlements, utility payments, loan releases, and vendor transfers now flow through cohesive platforms.Smart transaction layers like Z-Connect enable merchants to link all current accounts in a single interface and execute both single and bulk payouts efficiently.The result is clarity in cash flow reconciliation and accountability.This operational recalibration was a central focus at the Global Fintech Fest earlier this year, where Pramod Ganji, CEO of Zrika, and Dr Kopal, Chief Business Officer, spoke about the growing demand for intelligence-led financial infrastructure. They noted that as transaction rates move closer to the true time, decision-making must follow suit.Actor Suniel Shetty, present at the Global Fintech Fest 2025 as Zrika’s brand ambassador, highlighted trust as the currency of modern finance.During the event, Zrika launched Zrai Shield, an AI-enabled fraud and risk monitoring solution. It instantly recognises irregularities in online transactions, assesses the merchant's risk automatically, and notifies the presence of wrong digital footprints made by web robots.Compliance and risk teams can still gain insights from the incident, though it has finished a long time ago, as they try to keep up with highly sophisticated dangers.Gradually, the institutions are moving from being reactive to adopting predictive risk models. Human expertise is transitioning from monitoring to strategy, from inspection to foresight. The emphasis is no longer on responding to failure but forecasting it.India’s financial future will not be defined by machines alone, nor by human oversight in isolation. It will belong to organisations that combine intelligence with experience. Those who achieve this balance will write the next chapter of the ecosystem, where trust leads the way in a digital-first economy.Disclaimer: The above content is non-editorial, and TIL hereby disclaims any and all warranties, expressed or implied, relating to it, and does not guarantee, vouch for or necessarily endorse any of the content.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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Financial Express

Dec 15, 2025, 01:02 PM

Indian PM Modi Arrives in Amman for Three-Nation Tour, Marking 75 Years of Diplomatic Relations

Prime Minister Narendra Modi reached Amman for on Monday afternoon — the first stop of a three-nation tour. He was received at the airport by Jordanian leader Jafar Hassan and accorded a ceremonial welcome. The visit also marks the 75th anniversary of the establishment of diplomatic relations between the two countries. “Landed in Amman. Thankful to Jafar Hassan, Prime Minister of the Hashemite Kingdom of Jordan, for the warm welcome at the airport. I am sure this visit will boost bilateral linkages between our nations,” Modi wrote on X. Prime Minister @narendramodi arrived in Amman, Jordan, a short while ago. He was warmly received by Mr. @JafarHassan , Prime Minister of the Hashemite Kingdom of Jordan. pic.twitter.com/MBgsVPvK3A Modi is visiting Jordan till December 16 at the invitation of King Abdullah II ibn Al Hussein. He is scheduled to hold talks reviewing the entire spectrum of India-Jordan relations and exchanging views on regional developments during the trip. he Prime Minister will also interact with members of the Indian diaspora in the country and address the India-Jordan Business Forum. “This historic visit will mark 75 years of the establishment of diplomatic relations between our two countries. During my visit, I will hold detailed discussions with His Majesty King Abdullah II ibn Al Hussein, HE Jafar Hassan, Prime Minister of Jordan, and will also look forward to engagements with His Royal Highness Crown Prince Al Hussein bin Abdullah II. In Amman, I will also meet the vibrant Indian community who have made significant contributions to India–Jordan relations,” read an excerpt from his departure statement. According to details shared by the Ministry of External Affairs, such a full-fledged bilateral visit to Jordan is taking place after a span of 37 years. It also coincides with the 75th anniversary of the establishment of diplomatic relations between the two countries. India and Jordan also have a robust bilateral trade of $2.8 billion — with focus on fertilizers, pharma, textiles, and energy. Trade and diplomatic ties are likely to take centre stage as Modi holds talks with top officials. Discussions will likely cover counter-terrorism, regional stability, and economic cooperation. PM Modi and King Abdullah II will also address a business event to boost investment and renewable energy cooperation.

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Times of India

Dec 15, 2025, 01:01 PM

Suresh Goyal Appointed Director General of National Council of Applied Economic Research (NCAER)

(Image: NCAER website)NEW DELHI: Suresh Goyal will take over as the director general of economic think-tank National Council of Applied Economic Research (NCAER) on January 5, 2026.Goyal will succeed Poonam Gupta, who led the organisation from July 2021 to April 2025.He has over 30 years of experience across private and public sectors. Goyal joins NCAER after his assignment as the Managing Director and CEO of the National Highway Infra Trust (NHIT), which was set up by the Ministry of Road Transport & Highways and the National Highways Authority of India to support the National Monetisation Pipeline.India's largest and oldest economic think tank, NCAER, was established in 1956 on a public-private partnership by then Commerce Minister TT Krishnamachari and JRD Tata.

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The Indian Express

Dec 15, 2025, 01:00 PM

China's Economy Hits $1 Trillion Trade Surplus Amid Investment Slump and Outlook Uncertainty

Last week saw three important events on the economic front in China — the country hitting a $1 trillion trade surplus in 2025, data showing investment falling for the third straight month in November, and an important official meeting on the outlook for the coming year. All of them point to thefamiliar successes, problems and trends that have come to be associated with the Chinese economy. By virtue of its sheer size and deep linkages, any major development impacts the rest of the world, too. Here is a closer look:

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News18✓

Dec 15, 2025, 12:53 PM

Messi's India Tour: A Call to Prioritize Grassroots Sports Development

Olympic gold medalist shooter Abhinav Bindra expressed his unease over the handling of Lionel Messi’s GOAT India Tour. Messi’s arrival in New Delhi was delayed due to foggy conditions, and he went directly to the Leela Palace Hotel for an hour-long meet-and-greet session. Bindra voiced his quiet sadness on social media, criticising the millions of dollars spent on fleeting moments of proximity and photographs, suggesting that these funds could have been better utilised for grassroots initiatives to promote sports in India. “Lionel Messi is one of those rare athletes whose story transcends sport. His journey from a child fighting physical odds to a footballer who redefined excellence has moved millions across the world. As someone who has lived the life of an athlete, I hold profound respect and admiration for what he represents: perseverance, humility, and an uncompromising pursuit of greatness. Yet as his recent visit to India unfolded, parts of it felt chaotic and left me quietly uneasy," Bindra posted on X. “It compelled me to pause and reflect not in judgment but in genuine concern about what we were really trying to achieve. I fully understand the economics of sport. I understand commercial realities, global branding, and the magnetism of icons. I do not fault Messi in any way. He has earned every opportunity that comes his way, and admiration for greatness is natural, even beautiful. But admiration must also invite introspection." Messi’s tour experienced a rough start due to poor management at Salt Lake Stadium, where his presence with Luis Suarez and Rodrigo de Paul attracted thousands of fans. The mismanagement turned their excitement into frustration. In Telangana, Messi participated in photo ops, played with children, and interacted with an official. He briefly appeared on the stadium’s big screen and broadcast visuals during a match at Uppal Stadium, waving from a VIP box. “As a society, are we building a culture of sport, or are we simply celebrating individuals from afar. Millions were spent on moments of proximity, photographs, and fleeting access to a legend. And yes, it is people’s money earned honestly and theirs to spend as they choose." “Still, I can’t help but feel a quiet sadness, wondering what might have been possible if even a fraction of that energy and investment had been directed toward the foundations of sport in our country. Playgrounds where children can run freely. Coaches who can guide young talent. Grassroots programmes that give opportunities to those who may never otherwise be seen. Spaces where sport is not a spectacle but a daily habit, a teacher, and a source of dignity. Great sporting nations are not built by moments; they are built by systems. By patience. By belief in the ordinary child with an extraordinary dream. Icons like Messi inspire us, and that inspiration matters deeply. But inspiration must be met with intent." Swipe Left For Next Video “With long-term commitment. With choices that reflect not just what excites us today but what will strengthen us tomorrow. If we truly wish to honour legends like Messi, the most meaningful way to do so is not through grand gestures but by ensuring that somewhere in India, a young child has a field to play on, a coach to believe in them, and a chance to dream. That is how sporting cultures are born. And that is how legacies endure."

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Financial Express

Dec 15, 2025, 12:50 PM

Aggressive Hybrid Funds: A Balanced Approach to Investing

Individuals seeking moderate risk and smoother returns should consider aggressive hybrid funds . These funds capture gains from both equity market recovery and debt market appreciation, making a compelling choice for investors. These funds have an equity allocation ranging between 65% to 80% and debt having between 20% to 35%. The debt component of these funds becomes particularly advantageous during a rate-cut cycle. As bond prices generally rise when interest rates fall, the debt portion stands to benefit through capital gains, apart from regular interest income. The aggressive hybrid funds category has generated returns of 15% over a five-year period as compared with 15.5% for large-cap funds. The performance gap remains relatively modest—indicating that aggressive hybrids have managed to deliver competitive long-term returns despite their more conservative structure. Nehal Mota, co-founder and CEO, Finnovate, a wealth advisory firm, says aggressive hybrid funds allow fund managers to tweak the portfolio between equity and debt to ensure best risk-adjusted returns. “If you consider risk-adjusted returns, then clearly, aggressive hybrids score over diversified large-cap funds,” she says. In aggressive hybrid funds, the rebalancing can be opportunity-driven or valuation-driven. Fund managers will allocate more to equities if valuations are low and growth prospects for corporate earnings are bright. Similarly, they will enhance allocation to long-duration debt if interest rates are expected to fall. Fund managers may also use cash positions, modify the duration or credit mix within debt, or selectively add or remove stocks to maintain the target allocation. This active and systematic rebalancing helps maintain the fund’s risk–return profile and reduces volatility for investors. Nirav Karkera, head, Research, Fisdom, says individuals must maintain a minimum investment horizon of at least 3 years in aggressive hybrid funds. “This will allow the equity component to deliver meaningful growth while the debt portion helps cushion short-term market fluctuations,” he says. Before investing in aggressive hybrid funds, investors should evaluate the proportion of equity and debt to ensure it aligns with their risk profile and investment goals. They should also review the fund’s historical performance across market cycles, its expense ratio, and portfolio consistency. “It is important to assess the quality and credit risk of the debt portfolio, as well as the fund manager’s investment and rebalancing strategy,” says Swapnil Aggarwal, director, VSRK Capital. Investors must check returns of aggressive hybrid funds over longer time frames of five and 10 years and focus on the rolling consistency of returns.

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Times of India

Dec 15, 2025, 12:49 PM

Indian Government Proposes Repeal and Replacement of 20-Year-Old Welfare Program, Opponents Cry Foul

Mallikarjun Kharge (PTI image)NEW DELHI: The Opposition has mounted a sharp attack on the Centre over its move to repeal and replace the two-decade-oldMahatma GandhiNational Rural Employment Guarantee Act (MGNREGA). Several leaders have questioned the removal of Mahatma Gandhi’s name from one of India’s largest welfare programmes.Congresspresident Mallikarjun Kharge on Monday alleged that the proposal is part of a “BJP-RSS conspiracy” to dismantle a rights-based welfare law that benefits crores of rural poor.In a post on X, Kharge wrote: “This is not just about renaming the Mahatma Gandhi National Rural Employment Guarantee Act. This is a BJP-RSS conspiracy to end MGNREGA."Kharge alleged that removing Mahatma Gandhi’s name while paying symbolic tributes to him exposed what he called the government’s “hollowness and hypocrisy.”The Congress leader said that the party would oppose the move “in Parliament and on the streets” and would not allow the rights of poor workers to be taken away."Erasing Gandhi's name on the centenary of the Sangh shows how hollow and hypocritical those are who, like Modi ji, offer flowers to Bapu on foreign soil. The Congress Party will strongly oppose in Parliament and on the streets any such decision of this arrogant regime that is against the poor and workers," the veteran leader further wrote.The remarks came after the Centre proposed to repeal the two-decade-old Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA) with another legislation, titled the Viksit Bharat Guarantee for Rozgar and Ajeevika Mission (Gramin) (VB–G RAM G) Bill, 2025.The bill seeks to replace the MGNREGA with a revamped framework aimed at aligning rural employment and development with the national vision of Viksit Bharat 2047.It has been listed in the supplementary list of businesses issued on Monday.Congress general secretary Jairam Ramesh also objected to the proposed legislation and said the Opposition has demanded that the Bill be referred to the appropriate Parliamentary Standing Committee for detailed scrutiny.In a post on X, Ramesh said such far-reaching legislation requires “deep study and wide consultations,” in keeping with parliamentary traditions.“The entire Opposition is demanding that the following three far-reaching Bills be referred to the Standing Committees concerned. We are hopeful that in keeping with the best of Parliamentary traditions and practices, this demand will be agreed to by the Government. The Bills require deep study and wide consultations: Higher Education Commission Bill, Atomic Energy Bill and G-RAM-G Bill,” his post read.Earlier, Ramesh criticised the government’s focus on renaming schemes, accusing it of prioritising branding over substance. He questioned why Mahatma Gandhi’s name was being removed from a programme that has been in place since 2005Speaking to reporters, Ramesh said: "The Narendra Modi government is unbeatable in changing the names of schemes and laws, no one can match it.The Nirmal Bharat Abhiyan was turned into Swachh Bharat Abhiyan, the rural LPG distribution program was named Ujjwala... They are experts in packaging, branding, and naming. The surprising thing is that they hate Pandit Nehru, but they hate Mahatma Gandhi so much too; the Mahatma Gandhi National Employment Guarantee Scheme has been running since 2005... You are changing its name to the Venerable Bapu Employment Guarantee Scheme; what's the problem with the name Mahatma Gandhi?"Other Opposition leaders echoed similar concerns. Congress MP Saptagiri Ulaka, who chairs the Parliamentary Standing Committee on Rural Development and Panchayati Raj, said theBJPhad always intended to end MGNREGA.He recalled that the committee had recommended increasing the number of workdays and wages under the scheme and flagged pending dues to states."I don't know what problem they have with the name of Bapu, but they wanted to finish it because it was a Congress scheme.I head the Parliamentary panel, and we made so many recommendations — to increase the number of days to 150, to increase the wages... the states have pending dues, West Bengal is not getting funds. They have brought a Bill, but why have they removed the name of Mahatma Gandhi?, " Ulka asked..Congress leader Priyanka Gandhi Vadra also questioned the rationale behind renaming the law.Speaking to reporters in the Parliament House complex, she said: “Whenever the name of a scheme is changed, there are so many changes that have to be made in offices, stationery... for which money is spent. So, what is the benefit? Why is it being done?Why is Mahatma Gandhi's name being removed. Mahatma Gandhi is considered the tallest leader not just in the country but in the world; so, removing his name, I really don't understand what the objective is. What is their intention?”Senior Trinamool Congress leader and Rajya Sabha MP Derek O’Brien termed the move an insult to the Father of the Nation."But then, are you surprised! These are the same people who hero-worshipped the man who killed Mahatma Gandhi. They want to insult Mahatma Gandhi and remove him from history," O'Brien said.CPI(M) general secretary MA Baby alleged that the proposed overhaul was an attempt to mask the dilution of MGNREGA’s rights-based structure."The Union Government's grandstanding over a total revamp of the MGNREGS is an attempt to hide the startling fact that the basic rights-based framework under which it operated is being dismantled, and the central share brought down drastically.We will fight tooth and nail against this disastrous move both inside and outside Parliament," he claimed.Samajwadi Party chief Akhilesh Yadav also criticised the government’s move, saying renaming schemes was a long-standing BJP practice.Speaking to reporters, Yadav said: "The BJP's culture of changing names is very old... In this double-engine government, the engine in Delhi is learning from the engine in Uttar Pradesh...This double-engine government is claiming others' work as its own. They don't have any new work to show."About the proposed law:MGNREGA, enacted in 2005 and renamed in 2009, guarantees up to 100 days of wage employment annually to rural households willing to undertake unskilled manual work.The proposed VB–G RAM G Bill increases this guarantee to 125 days and seeks to establish a broader rural development framework aligned with Viksit Bharat 2047.Rural development minister Shivraj Singh Chouhan, in the statement of objects and reasons of the Bill, acknowledged that MGNREGA has provided assured wage employment for the past 20 years. However, he said further strengthening was necessary in view of socio-economic changes in rural India and the expansion of other social security schemes.The Bill proposes a centrally sponsored framework under which states will design their own schemes within six months of the Act’s implementation, with the Centre making allocations based on defined parameters. Any expenditure beyond the approved allocation would be borne by state governments.

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Siasat News✓

Dec 15, 2025, 12:48 PM

India's Exports Rebound by 19.37% in November, Trade Deficit Narrows

New Delhi:India’s exports rebounded by 19.37 per cent to USD 38.13 billion in November after contracting in October, driven by higher shipments of engineering and electronics goods that helped bring down the trade deficit to a five-month low of USD 24.53 billion. According to government data released on Monday, the country’s imports dipped by 1.88 per cent to USD 62.66 billion due to a fall in the inbound shipments of gold, crude oil, coal, and coke during the month under review. Gold imports dipped by 59.15 per cent to USD 4 billion. Crude oil imports also declined by 11.27 per cent to USD 14.11 billion during the month. The dip in imports also helped narrow the country’s trade deficit (difference between imports and exports) in November. The previous low was USD 18.78 billion in June this year. The trade deficit stood at a record USD 41.68 billion in October. Cumulatively, exports during April-November were up 2.62 per cent to USD 292.07 billion, while imports during the eight months rose by 5.59 per cent to USD 515.21 billion. The deficit stood at USD 223.14 billion. Briefing reporters on the data, Commerce Secretary Rajesh Agrawal said that outbound shipments in November offset the losses in October this year. “November has been a good month for exports,” he said. Exports recorded growth despite the USA’s hefty 50 per cent tariffs on Indian goods. He added that sectors like electronics, engineering, chemicals, gems and jewellery helped in pushing the country’s merchandise shipments. Exports of petroleum products too rose by 11.65 per cent to USD 3.93 billion in November. The other commodities which recorded positive growth included tea, coffee, iron ore, cashew, oil meals, dairy, handicrafts, marine products and leather goods. However, shipments of rice, oil seeds, carpet and plastics recorded negative growth. He also said that the ministry is finalising the detailed guidelines of the Rs 25,060-crore export promotion mission, and a few components of it will be rolled out this week itself. He further said that this help may not be enough to deal with the steep 50 per cent tariff imposed by the US, but it will definitely bring relief for exporters in areas like liquidity. Federation of Indian Export Organisations (FIEO) President S C Ralhan said during April-November 2025, the US remained India’s top export destination, despite the imposition of a 50 per cent tariff, clearly demonstrating the resilience and adaptability of the exporting community. Other major export destinations during this period included the UAE, the Netherlands, China, the UK, Germany, Singapore, Bangladesh, Saudi Arabia, and Hong Kong. “Diversification of export markets, along with the continued resilience of several key sectors, has played a crucial role in supporting export growth. With sustained policy support, enhanced logistics efficiency, and access to competitive export financing, India’s exports are well-positioned to maintain this positive trajectory in the coming months,” he said. India’s exports contracted 11.8 per cent to USD 34.38 billion in October on account of the impact of high tariffs by the US, while the trade deficit widened to a record high of USD 41.68 billion, mainly due to a jump in gold imports in that month. According to the provisional figures, the estimated value of services exports for November was USD 35.86 billion compared to USD 32.11 billion in the same month last year. During the first eight months of this fiscal year, exports stood at USD 270 billion as compared to USD 248.56 billion in April-November 2024.

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Financial Express

Dec 15, 2025, 12:44 PM

India's Crypto Ecosystem Matures in 2025: Adaptation Trumps Speculation

For decades, Indian savers relied on fixed deposits , gold and mutual funds to grow their money steadily. Today, crypto has quietly joined that list. Even with a steep 30% tax on crypto profits, Indian investors have not walked away. Instead, they are adapting, learning and investing with greater caution and confidence. According to CoinSwitch’s India’s Crypto Portfolio 2025: How India Invests report, India’s crypto ecosystem did not just survive in 2025, it matured. Participation increased, investment choices became more disciplined, and growth spread far beyond metro cities, showing that crypto is no longer a passing trend for Indian investors. India has one of the toughest tax regimes for crypto in the world. Profits from selling, swapping or even spending crypto are taxed at a flat 30%, along with applicable surcharge and a 4% cess. There are no tax breaks for long-term holdings, and investors cannot deduct expenses such as transaction fees. Losses also cannot be set off against gains. Regardless of these hurdles, Indians continue to invest. According to the report, there is a total of 2.5 crore crypto investors in the country. One of the biggest changes in 2025 is where crypto investors are coming from. The growth is no longer led by big metros alone. Tier-2 cities now account for 32.2% of India’s crypto market , while Tier-3 and Tier-4 cities contribute a combined 43.4%. In other words, nearly two-thirds of new crypto investors are coming from smaller towns and cities. Crypto trading in India has its own rhythm. The busiest trading window is between 10 pm and 11 pm. This tell us that crypto investing activities happen often after work hours, family responsibilities and regular market closures. Unlike stock markets, crypto never sleeps and that makes it easier for investors to participate when they have free time. In 2025, Bitcoin made a strong comeback. It reclaimed its position as the most-held cryptocurrency in India, accounting for 8.1% of total holdings. Dogecoin slipped to second place with 6%, while Ethereum held steady in third at 5.2%. Meme coins continue to attract loyal investors, with Shiba Inu making up 4.5% of holdings. Ripple emerged as a quiet favourite at 3.9%, while Cardano, Polygon, Solana and Internet Computer remained steady choices. Pepe entered the top 10 for the first time, showing that investors are still open to new, high-interest tokens. One clear trend stands out, Indian crypto investors are becoming more careful. Half of the top 10 most-held cryptocurrencies are now bluechip assets. This shows a preference for relatively stable, well-established tokens over risky bets. At the same time, trading activity still reflects short-term behaviour, driven by market news, upgrades and hype cycles. Simply put, Indians are holding safe assets for the long term while trading selectively for short-term opportunities. Uttar Pradesh and Maharashtra emerged as the top “buy-the-dip” states in 2025. Investors in these regions were most active during price corrections, signalling confidence in long-term crypto value. Uttar Pradesh also became India’s largest crypto state by total invested value, highlighting how quickly smaller regions are catching up. A major milestone was achieved in Andhra Pradesh, which became the first state where women outnumber men in crypto investing. Nationally, women now make up 12% of India’s crypto users, while men account for 88%. Although the gap remains wide, the trend signals growing awareness and participation among women, especially in non-metro regions. India’s crypto engagement remained high throughout 2025. January was the most active month, with January 19 emerging as the busiest trading day following a Bitcoin price rally. Even festivals did not slow investors down the daily average trades jumped by 13% during Diwali, showing that crypto has become part of everyday investing habits. The largest group of crypto investors falls in the 26–35 age bracket, accounting for 45% of users. The 18–25 group follows at 25.3%.What is notable is the growing participation of older age groups. Investors aged 36–45 make up 19.1%, while those above 46 account for 10.6%. Infrastructure-led investments dominate portfolios. Layer 1 and Layer 2 blockchain ecosystems account for 32.5% of holdings, showing strong belief in long-term technology. Meme coins still attract attention at 17%, while DeFi holds a steady 11.5%. AI-linked tokens account for 8.1%, reflecting interest in the intersection of artificial intelligence and blockchain. The BNB Chain ecosystem also retains a loyal investor base. Regardless of the high taxes and strict rules, Indians continue to choose crypto. What we can understand is the crypto story of 2025 is not about speculation, it is more about adaptation. According to the report, from small towns to big states, from young professionals to older investors, crypto is becoming part of India’s broader investment culture.

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The Hawk

Dec 15, 2025, 12:44 PM

Indian Economy Expected to Expand by 7% This Fiscal Year

New Delhi, Dec 15 (IANS) India’s economy is on track to expand about 7 per cent this fiscal (FY26), supported by healthy household consumption, lower inflation, a report showed on Monday. The report from Crisil said that the policy easing by the Reserve Bank of India and targeted liquidity measures are expected to keep financial conditions comfortable. "Support from lower inflation and government capex will also decrease in the second half of FY26. However, consumption is expected to remain healthy due to the lagged impact of the RBI’s rate cuts and tax relief," the report said. "Besides soft policy rates, financial conditions will get support from the RBI’s liquidity easing measures for the rest of this fiscal," it added. The open market purchases of government securities and the $5 billion USD/INR buy/sell swap announced by the central bank for mid-December should keep liquidity conditions comfortable, the firm forecasted. However, global uncertainty and its impact on foreign portfolio investors (FPI) and the rupee may lead to some volatility, it added. Markets showed mixed signals in November as FPIs remained net buyers, though the quantum of inflows moderated to $0.3 billion from $4 billion in October. Two factors tightened financial conditions in November: a reduction in net FPI inflows and weakness in the rupee, the report said. The equity market also saw net outflows of $0.4 billion compared with an inflow of $1.7 billion in October, while debt inflows slowed sharply amid rising US Treasury yields. A higher liquidity surplus and resultant softening in money market rates, and gains in equity markets, capped the decline in the Crisil Financial Conditions Index (FCI). The firm forecasts that retail inflation will average about 2.5 per cent this fiscal, down from 4.6 per cent last year, supported by low crude oil prices and GST relief that should keep headline inflation within the RBI’s tolerance band. --IANS aar/vd

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Times of India

Dec 15, 2025, 12:40 PM

Jeff Bezos' Surprising Dream Job: Crafting Cocktails Behind the Bar

Jeff BezosJeff Bezos has been credited to change the way people shop, however, the Amazon.com founder once revealed that his dream job was not running a trillion-dollar tech empire. In fact, his dream job was nothing related to technology but crafting high-end cocktails behind a bar.He was replying to a question from his brother Mark who asked about his dream job if money wasn't a factor.“I pride myself on my craft cocktails. I do have this fantasy that I want to be a bartender,” he said. The conversation in question is a 2017 discussion. While opening up more on his “fantasy” job, Bezos said that he has “glamorised the job” in his mind, but he loves talking about a well-made drink.Amazon Announces Landmark $35B Investment In India To Drive Digital TransformationNot a bartender material, says Jeff BezosBezos, however, said that he is not a ‘bartender material’ because he is slow and takes his time when crafting cocktails.“I'm super slow,” he said, joking that his bar would charge premium prices to make drinks slow. Bezos also said he would have a sign behind him, “You can have it good or you can have it fast.”Amazon and how it changed shopping industryWhile Bezos may not have got his dream job, he made billions from heading Amazon. He has a net worth of $238.4 billion, according to Forbes Billionaire List, making him the fourth richest person on Earth. He founded the e-commerce giant in 1994, which is now worth nearly $2.5 trillion.by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeNita Ambani unveils an innovative treehouse at Nita Mukesh...Army displays Turkish drone used by Pak during Op Sindoor; launched from Lahore, bound for Jalandhar - watchThe Times of IndiaIn 2021, he stepped down as Amazon's chief executive officer. Bezos also founded Blue Origin, a space company focused on making space travel safer and more affordable, and competes with Elon Musk.Recently, Bezos again took a job where he will serve as co-CEO of a new AI startup that focuses on engineering and manufacturing of computers, automobiles and spacecraft. The company is called Project Prometheus and it garnered $6.2 billion in funding, partly from his own company Amazon, making it one of the most well-financed early-stage startups in the world.

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The Hawk

Dec 15, 2025, 12:39 PM

India Sees Rise in Digital Payment Frauds Worth Rs 805 Crore via UPI

New Delhi, Dec 15 (IANS) India witnessed digital payment frauds worth Rs 805 crore via Unified Payments Interface (UPI), involving 10.64 lakh incidents, till November this fiscal (FY26), which has gone up compared to previous fiscals as the UPI adoption rises, the Parliament was informed on Monday. In FY 2024-25, the country saw UPI-related frauds at Rs 981 crore (involving 12.64 lakh incidents) and in FY 2023-24, such frauds resulted in the loss of Rs 1,087 crore (13.42 lakh incidents), Union Minister of State for Finance, Pankaj Chaudhary, told the Lok Sabha. "With increasing digital payment transactions in the country, incidences of fraudulent practices, including digital payment frauds and Unified Payments Interface (UPI) frauds, have also gone up in the last few years," he noted. The FY 2022-23 saw UPI-related frauds at Rs 573 crore, up from Rs 242 crore in FY 2021-22. In order to prevent payment-related frauds, including UPI transaction frauds, various initiatives have been taken up by the government, the Reserve Bank of India (RBI), and the National Payments Corporation of India (NPCI) from time to time. These include device binding between the customer's mobile number and the device, two-factor authentication through PIN, daily transaction limit, limits and curbs on use cases, said the minister. Additionally, the NPCI provides a fraud monitoring solution to all the banks to generate alerts and decline transactions by using AI/ML-based models. RBI and banks have also been taking up awareness campaigns through short SMS, radio campaigns, publicity on the prevention of ‘cyber-crime’, etc. Further, to facilitate the citizens to report any cyber incident,s including financial frauds, the Ministry of Home Affairs (MHA) has launched a National Cybercrime Reporting Portal (www.cybercrime.gov.in) as well as a National Cybercrime Helpline Number '1930'. Moreover, the Department of Telecommunications (DoT) has launched the Digital Intelligence Platform (DIP) and ‘Chakshu’ facility, which enables citizens to report suspected fraud communications received over call, SMS, or WhatsApp, said the minister. The UPI saw 32 per cent transaction count growth (year-on-year) at 20.47 billion in the month of November — along with registering 22 per cent annual growth in transaction amount at Rs 26.32 lakh crore, according to the National Payments Corporation of India (NPCI) data. --IANS na/vd

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Financial Express

Dec 15, 2025, 12:33 PM

Trevel Launches Electric Mobility Services in Gurugram, Aiming for Accountability and Reliability

Electric mobility startup Trevel has launched operations in Gurugram, positioning itself as an alternative to app-based cab aggregators by operating a fully company-owned fleet with salaried drivers. Co-founded by Sahil Jindal, Managing Director of the DS Jindal Group, the startup aims to address persistent issues in India’s ride-hailing market, including last-minute ride cancellations and demands for off-app payments. Unlike platforms such as Uber and Ola, which rely on independent driver-partners, Trevel owns all its vehicles and employs drivers as full-time staff. The company said this structure allows it to enforce stricter service standards, including a zero-cancellation policy and fixed, app-based fares with no additional charges. “The problem in urban mobility is not technology, but accountability,” Jindal said in a statement. “When drivers are employees rather than contractors, service reliability becomes enforceable.” The startup’s current offerings include city rides, airport transfers and hourly rentals, with outstation services planned in the coming months. Its fleet comprises luxury electric vehicles supported by AI-based scheduling and route optimisation to ensure punctuality. Gurugram was selected as the pilot market due to its high corporate travel demand, airport connectivity and limited public transport options. Trevel plans to scale its fleet to 500 electric vehicles by 2026, working with local partners on charging infrastructure and fleet optimisation.

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News18✓

Dec 15, 2025, 12:29 PM

Mumbai Civic Body to Hold Elections on January 15

The Mumbai civic body or the Brihanmumbai Municipal Corporation (BMC), the country’s richest corporation, will go to polls on January 15, with counting of votes on January 16. The State Election Commission on Monday announced the poll schedule for BMC, along with 28 other civic corporations. As many as 2,869 seats in these municipal corporations will be up for grabs, said State Election Commissioner Dinesh Waghmare, adding that 3.48 crore voters are eligible to exercise their franchise in these major urban centres of the state. The elections for all 29 corporations, including Mumbai, Navi Mumbai, Thane, Kalyan-Dombivli, Pune, Nashik, Nagpur and Chhatrapati Sambhajinagar, will be held in a single phase. The code of conduct has come into effect from today. Voting will take place in 227 wards in Mumbai and 111 wards in Navi Mumbai. ALSO READ |Full List Of BMC Corporators: How Many Of BMC’s 227 Corporators Are With Uddhav? How Many With Shinde? The BMC elections are considered crucial for political supremacy in Mumbai. The polls will see a direct contest between two major alliances — the ruling Mahayuti and Maha Vikas Aghadi. The Mahayuti which governs the state comprises the Bhartiya Janata Party (BJP), the Shiv Sena led by Eknath Shinde, and the Ajit Pawar-led faction of the Nationalist Congress Party (NCP). The main opposition alliance, the Maha Vikas Aghadi, includes the Indian National Congress, the Shiv Sena (Uddhav Thackeray faction) and the Shard Pawar-led faction of NCP-SP. Raj Thackeray-led Maharashtra Navnirman Sena (MNS) is likely to join hands with Sena UBT. The announcement ends the prolonged delay in urban local body elections across the state, many of which have been overdue for several years. Nomination filing: December 23 to 30 Scrutiny: December 31 Withdrawal: January 2, 2026 Final list of candidate and distribution of symbols: January 3, 2026 Voting: January 15, 2026 Counting of votes: January 16, 2026. #WATCH| Mumbai: Dinesh T Waghmare, Maharashtra State Election Commissioner, says, “The election schedule for 29 municipal corporations in Maharashtra. Filing of nominations from 23rd December to 30th December 2025… Date of poll is 15th January, 2026, and counting of votes is…pic.twitter.com/wtdEkXyTar— ANI (@ANI)December 15, 2025 Addressing a press conference in Mumbai, Waghmare said the entire election process would be conducted in line with the final directions of the Supreme Court. The notification for the BMC elections will be issued on December 16, while notifications for the remaining 28 municipal corporations will be published on December 18. Voting will take place between 7.30 am and 5.30 pm on polling day. The elections will be held against the backdrop of long-expired tenures of civic bodies. Five municipal corporations completed their terms in 2020, as many as 18 in 2022, and four in 2023. Two — Jalna and Ichalkaranji — are newly created municipal corporations. Senior administrators have been running most of these bodies in the absence of elected representatives, a situation that has often drawn criticism from political parties and civic activists alike. ALSO READ |Last Crucial Election For Marathi Manoos Or MNS? Decoding Raj Thackeray’s BMC Poll Position The SEC has also outlined key features of the polling process. While Mumbai will follow a single-member ward system, the remaining 28 municipal corporations will go to polls under a multi-member ward system, where voters will be required to cast between three and five votes depending on the number of seats in their ward. Nomination forms will be accepted offline, responding to demands raised by political parties and candidates. In terms of scale, the elections will involve over 3.48 crore voters and nearly 39,147 polling stations across the state. The commission has made arrangements for adequate Electronic Voting Machines, including nearly 44,000 control units and close to 88,000 ballot units. Special measures have been planned to assist senior citizens, persons with disabilities, pregnant women and voters with children, including ramps, wheelchairs and priority access at polling booths. The SEC has also stressed vigilance against duplicate voters and misuse of media during the campaign. A dedicated mobile application, ‘Matadhikar’, has been launched to help voters locate their names, polling stations and candidate details. Strict restrictions on campaign advertisements will come into force 48 hours before polling ends, and media certification and monitoring committees will oversee election-related content. The estimated budget of the Brihanmumbai Municipal Corporation for the year 2025-26 is Rs. 74,427 crore, and the expenditure stands at Rs 43,162 crore, representing 58% of the total budget allocated to development projects. This gigantic budget is unmatched by any other state or municipal corporation in the country, cementing the BMC’s status as Asia’s wealthiest civic body. Mumbai is the financial capital of the country, and as its key governing body, the BMC manages to oversee infrastructure to health, roads to water supply, transport to power supply, education to sanitation. Thackerays vs Shinde, BJP:The Thackerays’ reputation is on the line in the Mumbai municipal elections. There is a possibility that Uddhav Thackeray’s Shiv Sena and Raj Thackeray’s MNS may contest together. The Thackeray brothers are up against the BJP and Eknath Shinde’s Shiv Sena. In the last election in 2017, even though they were in alliance at the state level, BJP and Shiv Sena contested separately in Mumbai. Shinde vs Naik in Navi Mumbai:In Navi Mumbai, there was a verbal clash between Deputy Chief Minister Eknath Shinde and BJP leader and minister Ganesh Naik, which led to some tension between BJP and Shiv Sena. ALSO READ |3 Reasons Why BMC Polls Go Beyond Mumbai & Were Compared To Mamdani’s NYC Mayoral Election The Bharatiya Janata Party’s Mumbai unit on Friday announced a 144-member steering committee for Brihanmumbai Municipal Corporation (BMC) polls likely to take place next month. The panel, which will be headed by city unit chief Amit Satam, includes cabinet ministers, sitting MLAs like Assembly Speaker Rahul Narvekar, and senior leaders Kirit Somaiya, Prakash Mehta, Gopal Shetty, among others. Chief Minister Devendra Fadnavis, BJP state president Ravindra Chavan, Union Ministers Nitin Gadkari and Piyush Goyal and BJP national general secretary Vinod Tawde are special invitees, the party said. The committee has been formed to prepare the organisation for the upcoming BMC elections and coordinate strategy across Mumbai’s wards, the BJP added. The 2017 elections saw a close contest in the BMC. The Shiv Sena, which was then undivided, won 84 seats. However, the BJP, won 82 seats, recording a gain of over 50 seats from the previous election. The Congress (INC) was left far behind with 31 seats. In 2012, the Shiv Sena had secured 75 seats, followed by the Congress at 52 seats and the BJP at 31. Swipe Left For Next Video In the 2007 elections, the Shiv Sena had secured 84 seats, followed by the Congress at 75 and BJP at 28.

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Times of India

Dec 15, 2025, 12:26 PM

UK Work Visa Approvals Decline for Indian Applicants: A Shift in Immigration Policy

UK work visa approvals decline for Indian applicantsFor a long time, the UK felt like a predictable choice for Indian nurses, doctors, IT professionals and students looking to work abroad. The rules were clear, the demand was steady, and the pathway — while not easy — was familiar.That certainty is now fading.Immigration changes introduced by the UK government in July 2025 are already showing up in the numbers. Data shared by the Ministry of External Affairs in Parliament points to a sharp drop in visa approvals. Health and Care Worker visas have fallen by around 67%. Nursing visas have dropped even further, by nearly 79%. IT-related work visas are also down, by about 20%. This is not a seasonal slowdown.It reflects a deeper policy shift.UK Tightens Student Visas: Glasgow’s Bold Response for IndiansWhat sits behind these figures is a broader reset of the UK’s immigration approach. As TNN has reported, the Labour government has tightened multiple visa routes as part of its effort to bring down net migration and reduce dependence on overseas workers, particularly in roles that sit outside the highest salary brackets.Healthcare feels the change firstNowhere is this more visible than in healthcare. Indian nurses have, for years, helped plug staffing gaps in the UK’s public health system.That flow has slowed. The Health and Care Worker visa is harder to access, salary thresholds are higher, qualification checks are tighter, and bringing family members along has become more complicated. Settlement timelines have also stretched, with citizenship now taking up to ten years.What makes this moment uneasy is the contradiction. UK hospitals continue to flag shortages, yet overseas recruitment has slowed sharply.For Indian nurses, the message is unclear. There is still demand, but the entry points are narrower. Some are choosing to return home. Others are looking elsewhere — Canada and Australia come up often in conversations, largely because the rules there feel more stable.IT professionals are recalibrating plansHealthcare is not alone. Indian IT professionals are also finding the ground shifting under their feet. Mid-level roles that once qualified under the Skilled Worker visa are now harder to fit into the revised criteria.Salary requirements have gone up, and employers are paying more after the Immigration Skills Charge was raised by over 30%, a change flagged by TNN.For companies, this has made overseas hiring a more cautious decision. For professionals, it has meant rethinking next steps. Some are exploring roles outside the UK. Others are leaning into remote work or short-term contracts that avoid long visa commitments altogether.Students get less breathing roomStudents, too, are feeling the impact. The Graduate Route, which allowed two years of post-study work, has been cut to 18 months. English language requirements have tightened across visa categories, adding another layer of checks.Indian students who are hoping to gain work experience after graduation, the shorter window leaves less room to settle, search, and switch roles. Students are now comparing options more closely, weighing the UK against countries where post-study work periods remain longer and the transition into employment feels less compressed.The view from IndiaBack home, the implications are mixed. Some professionals are likely to return, bringing skills and experience with them. Others may redirect their plans to different countries altogether. What the MEA has made clear in its parliamentary briefing is that this is not a temporary pause. The UK’s direction has changed, and it is unlikely to reverse quickly.Planning is no longer optionalThe UK has not shut its doors. But it has redrawn the boundaries.Fewer visas, higher thresholds, shorter post-study work options and longer settlement timelines mean Indian students and professionals can no longer rely on old assumptions.If you are already in the UK, the new rules may force some hard decisions about careers and long-term plans. And for those still considering the move, understanding the fine print now matters more than ever. The door is still open, but it is narrower, and mistakes are harder to undo.Ready to navigate global policies? Secure your overseas future. Get expert guidance now!

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