Mumbai: Small-cap stock TCI Finance has been making waves in the Indian stock market, with its shares skyrocketing nearly 91% in just five trading sessions. Since 17 December, the non-banking financial company’s (NBFC) stock has seen tremendous momentum, pushing its price from ₹11.10 on 16 December to ₹21.25 on Tuesday, 23 December. Consistent Upper Circuit GainsTCI Finance shares have hit upper circuit limits for five consecutive trading sessions. Initially, the stock was in a 20% upper circuit on 17 and 18 December, but the exchanges later reduced the limit to 10%. Despite this adjustment, the stock maintained its upward momentum, registering one of the sharpest short-term rallies in recent months. If this pace continues through the month, it could mark TCI Finance’s largest monthly g...

New Delhi: The Reserve Bank of India (RBI) has sold a net $11.9 billion in October 2025 to stabilize the rupee, highlighting its pivotal role in maintaining currency market stability. According to the RBI’s December bulletin, the central bank has been actively managing both spot and forward markets throughout FY25 to curb rupee volatility and maintain orderly market conditions. In the over-the-counter (OTC) spot market, the RBI sold more dollars than it purchased to provide liquidity support. Dollar purchases in October surged by 704% to $17.7 billion from $2.2 billion in September, while total sales rose 192% to $29.6 billion. This resulted in net dollar sales of $11.9 billion, up 50% from $7.9 billion in September. Overall, net dollar sales for FY25 up to October totaled $34.5 billion...

New Delhi: The Delhi Development Authority’s (DDA) Transit-Oriented Development (TOD) housing scheme has failed to attract buyers, with less than 20% of the flats sold in its first phase. Out of 1,026 2BHK flats offered under the Kadkarduma project, only 178 were successfully auctioned. The DDA is now preparing to issue demand-cum-allotment letters to the successful applicants. The TOD scheme aims to reduce congestion in Delhi by promoting residential development along major transit corridors. The flats in the first phase were priced between ₹1.78 crore and ₹3.08 crore, with sizes ranging from 141.64 sq. meters for the smallest unit to 250.32 sq. meters for the largest. The allotment letters will be sent to successful applicants through the DDA housing portal at eservices.dda.org.in. ...

Incentives Beyond SubsidiesThe Parliamentary Standing Committee of the Ministry of Environment has suggested additional incentives for electric vehicle (EV) buyers in Delhi, beyond the existing subsidies. The recommendations aim to promote EV adoption and curb rising air pollution in the national capital. Key Recommendations Parking Benefits: EV owners could receive reduced or free parking fees, while petrol and diesel vehicles may face higher parking charges. Registration & Loans: Annual registration limits could be set for new non-electric vehicles. Private banks could launch green car loans, with interest rates linked to the vehicle’s fuel type. Fitness Test Adjustment: The first fitness test for private vehicles could be conducted at 10 years instead of 15, with specia...

Deal FinalizedIndia and New Zealand have successfully concluded negotiations on a Free Trade Agreement (FTA). Under this pact, Indian goods will enter New Zealand duty-free, opening significant opportunities for sectors like textiles and leather, which rely heavily on labor. Additionally, New Zealand has committed to investing $20 billion (over ₹1.6 lakh crore) in India over the next 15 years. Benefits for IndiaNew Zealand will provide zero-duty access for 100% of Indian exports, helping Indian companies expand their presence there. However, India has chosen not to reduce import duties on sectors like dairy, meat, vegetables, sugar, copper, and aluminum. Benefits for New ZealandExports from New Zealand, including sheep meat, wool, coal, and timber, will enjoy duty-free access to Indi...

New Framework for Mutual Fund ExpensesThe Securities and Exchange Board of India (SEBI) has announced a significant change in the way mutual fund expenses are calculated. Effective from 17 December, the expense ratio framework has been revised to give investors a clearer picture of the actual costs they incur. According to reports from The Economic Times, the traditional expense ratio will now be referred to as the Base Expense Ratio (BER). SEBI has clarified that certain taxes and charges will no longer be included in this limit. These include Securities Transaction Tax (STT), Commodity Transaction Tax (CTT), GST, stamp duty, SEBI fees, and exchange charges. These will now be billed separately based on actual expenses. The Total Expense Ratio (TER) will now be calculated as: BER + brok...

The story of Shrikant Badve began in 1988, when he and a few associates started a small workshop in Pune called Badve Engineering. At the time, the venture had just three employees and very limited resources. Yet, Badve had a big dream. From Humble BeginningsShrikant Badve, the founder and Managing Director of Belrise Industries, has now entered the list of India’s billionaires. From a modest garage-like unit, he built a nationwide automotive component powerhouse. Today, his company employs over 8,000 skilled professionals and operates more than 17 modern manufacturing plants across India. Building a Multi-Thousand Crore TurnoverA graduate in Electronics and Telecommunications from Babasaheb Ambedkar Marathwada University, Badve also received management training at IIM Ahmedabad, sha...

The Indian stock market continued its bullish momentum on Monday, with both benchmark indices closing higher. The BSE Sensex jumped 638.12 points to settle at 85,567.48, while the NSE Nifty gained 206 points to close at 26,172.40, staying above the 26,000 mark. Market optimism was supported by foreign institutional investor inflows and expectations of a possible rate cut by the U.S. Federal Reserve, which kept investor sentiment positive throughout the session. During trading, Sensex touched a high of 671.97 points. Top Gainers and LosersAmong Sensex constituents, Trent led the rally with a 3.56% gain, followed by Infosys, Tech Mahindra, HCL Tech, TCS, Bharti Airtel, Bharat Electronics, Tata Motors, Reliance Industries, and Maruti, all closing in the green. On the other hand, State B...

In a landmark decision, Ambuja Cements, part of the Adani Group, has approved the merger of its subsidiaries ACC Limited and Orient Cement with itself. The consolidation aims to create a major cement powerhouse in India, enhance operational efficiency, and optimize costs. The company’s goal is to boost profitability and deliver better returns to shareholders, signaling a transformative shift in the Indian cement industry. Creating a Pan-India Cement GiantThe merger will integrate ACC and Orient Cement into Ambuja Cements, streamlining manufacturing and logistics operations while ensuring efficient capital utilization. These structural improvements are expected to enhance profitability, support capacity expansion, and deliver long-term value to shareholders. By consolidating networks,...

China is witnessing a rapid rise in gig workers who, despite 14-hour shifts and meager earnings, are compelled to take up these jobs. This trend highlights the slowdown in China’s economy and a scarcity of traditional employment. While the gig economy offers flexibility, it also exposes workers to low wages, insecurity, and hazardous working conditions, according to a report by The Wall Street Journal. The report comes at a time when India is also debating the exploitative aspects of the gig economy. Recently, Aam Aadmi Party (AAP) MP Raghav Chadha raised concerns over the challenges faced by gig workers in India. From Factories to Gig WorkOnce famous for its factories, China is increasingly becoming a country of gig workers, with their numbers exceeding 200 million. Gig work encompa...