Business

New Delhi: The Food Safety and Standards Authority of India (FSSAI) has issued a stern warning to companies operating in the food and beverage sector. The regulator emphasized that beverages made from herbs and plant-based infusions should not be labeled as “tea” unless they are prepared from the actual tea plant, Camellia sinensis. In its directive released on Wednesday, FSSAI highlighted that many companies are selling products under names like “Rooibos Tea,” “Herbal Tea,” and “Flower Tea,” even though none of these products are derived from the tea plant. The authority clarified that such labeling is misleading and provides incorrect information to consumers. The directive applies to e-commerce platforms, manufacturers, packagers, marketers, and traders involved in producing, sell...

Former Chief Economic Adviser (CEA) Arvind Subramanian has clarified that his resignation was not due to any friction with the government but simply the natural conclusion of his tenure. While acknowledging some ideological differences, he stressed that they were not the reason for stepping down. Subramanian shared these insights during a discussion on his book, A Sixth of Humanity. Ten Messages a Day to Arun JaitleyReflecting on the GST rollout, Subramanian revealed the intensity of his involvement: “During GST implementation, I would message Arun Jaitley ten times a day, urging him that the 28% slab should never exist. I recommended a simpler structure with a small 6-8% slab, a 15-16% slab, and a higher 40% slab only for sin goods like tobacco and cigarettes.” He expressed disappoi...

In January 2023, U.S.-based short-selling firm Hindenburg Research published a report accusing the Adani Group of accounting irregularities and market manipulation. While the allegations led to a sharp decline in Adani’s stock prices, the group consistently denied the claims. Since then, the conglomerate has successfully executed 33 acquisitions worth nearly ₹80,000 crore ($9.6 billion), signaling robust capital availability and strategic expansion. Focus on Core BusinessesThe acquisitions primarily targeted Adani Group’s core sectors. Market data and company sources reveal that the largest deals were in ports (₹28,145 crore), followed by cement (₹24,710 crore) and power (₹12,251 crore). Emerging businesses accounted for ₹3,927 crore, and transmission and distribution for ₹2,544 crore. ...

Gold prices have witnessed a remarkable surge this year, climbing over 70%, marking the metal’s best performance since 1979. The bullish trend has analysts and investors closely watching the market, with expectations of further gains in 2026. At the start of the year, gold futures were trading around $2,640 per ounce, and they have now crossed $4,500 per ounce. Analysts at J.P. Morgan Chase project that gold prices could exceed $5,000 per ounce by the end of 2026. Last year, gold futures saw a 27% increase, setting the stage for this historic rally. Record Gains Amid Global UncertaintyIn New York, gold futures have risen approximately 71% in 2025, the largest annual increase in the past 46 years. The last time gold experienced such a significant surge was during the late 1970s, under...

India’s housing market has witnessed a notable slowdown in Q4 2025, with sales across the country’s nine major cities dropping 16% year-on-year (YoY). New launches also fell 10% during the same period, according to a report by NSE-listed real estate analytics firm PropEquity. Only Delhi-NCR and Navi Mumbai recorded growth in both sales and new launches, on both annual (YoY) and quarterly (QoQ) bases. Sales Decline Across Most CitiesDuring the fourth quarter, housing sales in the top nine cities fell to 98,019 units, marking the lowest quarterly sales since Q3 2021. Apart from Delhi-NCR (up 4%) and Navi Mumbai (up 13%), the remaining seven cities witnessed a decline of up to 31%. On a quarterly basis, sales dropped 2% QoQ. Why the Drop Despite the Festival Season?PropEquity Founder &a...

Italy has achieved a remarkable feat in the global apple market, surpassing both the United States and China to become the world’s largest apple exporter. The reopening of the Suez Canal has further boosted its trade, giving Italian apples an edge in international markets. According to the Italian Agricultural Research Institute (Ismea), Italy now accounts for 16% of the global apple export market, compared to the U.S. at 14% and China at 13%. Other notable exporters include New Zealand, Chile, South Africa, Poland, France, the Netherlands, and Turkey. In the 2025/26 marketing year, Italy exported over 1 million tons of apples, marking a 24% increase over last year. Germany remains the largest buyer, with Italy holding a 30% share of the market in terms of value. Exports to Germany r...

New Delhi: While the BSE Sensex has climbed roughly 9% since last Christmas, a select group of 12 stocks has delivered exceptional returns ranging from 100% to 518%, turning investors into substantial winners. These high-performing companies have a market capitalization of over ₹3,000 crore and witness a minimum daily trading volume of 5,000 shares. Top Performers Cupid: Leading the pack, its stock soared from ₹77 to ₹473, delivering a staggering 518% return in just one year. CIAN Agro Industries & Infrastructure: Gained 181%, rising from ₹519 to ₹1,458. Apollo Micro Systems: Provided 176% returns, climbing from ₹95 to ₹263. GRM Overseas: Up 161%, from ₹63 to ₹166. Lumax Auto Technologies: Surged 146%, from ₹631 to ₹1,551. Larsen & Toubro Finance: Rose 119%, f...

Adani Airports’ Navi Mumbai International Airport (NMIA) officially began commercial operations on Thursday, marking a new chapter in India’s aviation sector. The airport, inaugurated by Prime Minister Narendra Modi on October 8, 2025, is set to ease congestion at Mumbai’s Chhatrapati Shivaji Maharaj International Airport and meet the growing passenger demand in the region. The first arrival at NMIA was IndiGo flight 6E460 from Bengaluru, which landed at 8:00 AM and was welcomed with a traditional water cannon salute. Shortly thereafter, at 8:40 AM, IndiGo flight 6E882 departed for Hyderabad, completing the airport’s inaugural departure. Airlines and RoutesInitially, domestic flights will be operated by IndiGo, Air India Express, Akasa Air, and Star Air. On its first day, NMIA will b...

New Delhi: The domestic IPO market in India had a record-breaking year in 2025, with companies raising a historic ₹1.75 lakh crore through public offerings. This marks the highest-ever annual fundraising via IPOs. Notably, eight major companies alone raised nearly ₹78,300 crore, accounting for almost 44.5% of the total capital. A total of 103 companies launched IPOs on the mainboard this year, up from 91 in 2024 and 57 in 2023. For perspective, in 2015, only 21 companies went public, raising ₹13,614 crore. Major IPOs of 2025The largest IPO of the year was Tata Capital, raising ₹15,512 crore in October. Other major contributors included: HDB Financial Services: ₹12,500 crore in June LG Electronics India: ₹11,605 crore in October ICICI Prudential AMC: ₹10,602 crore in Decembe...

New Delhi: Many consumers in Delhi NCR and Mumbai prefer imported food and beverages from the US, UK, or other European countries, believing them to be of superior quality. However, recent police action has exposed a fraudulent racket selling expired foreign FMCG products, highlighting the risks of blindly trusting imported goods. How the Racket OperatedThe Delhi Police Crime Branch raided wholesale markets in Sadar Bazaar, Pahadi Dheeraj, and Faiz Ganj, uncovering a sophisticated operation. Fraudsters imported near-to-expiry or already expired food products from countries like the US, UK, and Dubai. Once in India, the original expiry dates were erased using thinners and replaced with new dates. Some packages even featured fake barcodes to mislead customers. Massive SeizureDuring the...