Category: BUSINESS

Mumbai | November 29, 2025 — JSW Steel on Friday announced a massive ₹15,750 crore joint venture with Japan-based JFE Steel for the revival and operation of Bhushan Power and Steel Limited (BPSL). The strategic partnership marks one of the largest Indo-Japanese collaborations in the steel sector and is expected to significantly strengthen India’s manufacturing and export capabilities.

Under the JV, both companies will focus on capacity expansion, advanced technology integration, and improving operational efficiency at BPSL. Industry experts say JFE’s cutting-edge steelmaking technology combined with JSW’s strong domestic presence will create a globally competitive steel platform. The deal is also expected to boost employment, downstream industries, and reinforce India’s position as a major global steel producer.

Bengaluru, December 3, 2025 — Passengers at Kempegowda International Airport faced severe inconvenience on Tuesday after 42 IndiGo flights were cancelled, leading to widespread travel disruptions. The sudden cancellations affected both domestic arrivals and departures, leaving hundreds of flyers stranded and triggering long queues at airline help desks across terminals.

Airport authorities confirmed that the disruption was caused by operational and technical challenges, while IndiGo issued advisories to affected passengers regarding rebooking and refunds. The incident sparked fresh debate over airline preparedness during high travel demand, as frustrated passengers demanded better communication and contingency planning from carriers.

Mumbai, December 3, 2025 — Shares of major public sector banks, including Indian Bank and Bank of Maharashtra, witnessed a sharp decline on Tuesday after the Finance Ministry issued a clarification on foreign direct investment (FDI) limits in PSU banks. The clarification dampened investor sentiment, triggering broad-based selling across the PSU banking space during intra-day trade.

Market analysts said the stocks fell as expectations of increased foreign investment and strategic stake dilution were temporarily put on hold following the ministry’s statement. The sudden correction erased recent gains in several PSU counters, even as experts maintained that the long-term fundamentals of public sector banks remain stable due to improving asset quality and stronger balance sheets.

New Delhi, December 2, 2025 — As market interest grows around possible IPO plans of major asset management companies, ICICI Prudential AMC and SBI AMC have emerged as two of the most closely watched players in India’s mutual fund space. Both companies command massive assets under management, enjoy strong brand trust, and benefit from wide investor reach through their parent banking networks, making their financial performance critical for investors tracking upcoming listings.

Market observers note that SBI AMC leads in overall AUM size, driven by its deep penetration in retail and rural markets, while ICICI Prudential AMC stands out for its consistent profitability, strong digital adoption, and higher share in equity-oriented funds. Analysts believe that factors such as expense ratios, net inflows, return consistency, and distribution strength will play a decisive role in shaping investor sentiment whenever these companies approach the capital markets.

Bengaluru, December 2, 2025 — The grey‑market premium (GMP) for Aequs Limited’s upcoming IPO has surged in the run‑up to the subscription opening on December 3, reflecting high investor interest and strong market sentiment. While GMP is not an official indicator, its upward trend signals confidence among retail and institutional investors about the company’s growth potential in precision engineering and aerospace sectors.

Ahead of the IPO, investors are advised to closely monitor factors such as final issue price, subscription levels, sector outlook, and comparable peer valuations. Analysts warn that while the GMP optimism is encouraging, long‑term returns will depend on Aequs’ ability to deliver consistent performance and execute its expansion plans effectively.

Mumbai, December 2, 2025 — The Indian rupee fell to a new all-time low against the US dollar on Tuesday, driven by increased speculative trading and significant corporate outflows. Market analysts cited a combination of global economic uncertainties and domestic demand for foreign currency as key factors contributing to the depreciation.

Traders and financial experts warned that sustained pressure on the rupee could impact import costs, inflation, and foreign investment sentiment. The Reserve Bank of India is closely monitoring currency movements, and interventions may be considered to stabilize the market if volatility continues in the coming days.

Seattle, December 2, 2025 — Amazon Web Services (AWS) has unveiled its Interconnect preview, allowing customers to establish private connections between multiple cloud services. The new feature is aimed at enhancing security, reducing latency, and improving integration for enterprises managing complex multi-cloud architectures.

AWS officials highlighted that the Interconnect service will enable businesses to seamlessly link data, applications, and workloads across different AWS services without routing traffic over the public internet. Experts say this move strengthens AWS’s cloud ecosystem and offers enterprises more control, flexibility, and efficiency in managing hybrid and multi-cloud deployments.