Business

US stocks hovered close to record levels on Monday as investors stayed cautious ahead of a key Federal Reserve decision, even as select stocks moved sharply on takeover news and index reshuffles.The S&P 500 was largely flat in early trade and sat about 0.3% below its all-time high set in October, while the Nasdaq Composite…

India’s Unified Payments Interface (UPI) has been recognised as the world’s largest retail real-time payment system by transaction volume, accounting for nearly half of all such transactions globally, the government told Parliament on Monday.Citing an International Monetary Fund (IMF) report titled ‘Growing Retail Digital Payments (The Value of Interoperability)’ dated June 2025, the government said…

President Trump’s trade war strategy – featuring sweeping tariffs – has not curtailed China’s export machine. (AI image) Driving the news:Despite nearly a decade of US tariffs under President Donald Trump, China’s trade surplus has exploded, hitting $1.08 trillion through November – the highest ever recorded globally and a level China didn’t reach until year-end…

Shares of InterGlobe Aviation, the parent of IndiGo, remained under heavy pressure on Monday, extending a sharp sell-off that has wiped out more than Rs 37,000 crore in market value in less than a week, as operational turmoil rattled investor confidence.The stock slid as much as 10% to Rs 4,842 during intraday trade, marking its…

Credit rating agency Moody’s has flagged IndiGo’s recent flight disruptions as credit negative, saying the airline failed to adequately plan for aviation regulations that had been known well in advance. The rating agency said the large-scale cancellations and delays point to significant lapses in planning and operational oversight, even though the revised Flight Duty Time…

Banks across the Asia–Pacific region are displaying stronger capital health than lenders in the United States and Western Europe, Moody’s said in its latest survey. The agency’s comparison of the largest banking institutions across major markets shows Asia–Pacific banks have accumulated strong capital levels under what it describes as tighter and more cautious regulatory oversight.The…

ICICI Prudential Asset Management Company on Monday set the price band for its much-awaited public issue, putting a valuation of about Rs 1.07 lakh crore on the fund house as it prepares to tap the capital markets later this week.The Rs 10,602-crore initial public offering will open for subscription on December 12 and close on…

India’s defence aviation is set for a major boost, as Tata Advanced Systems and Lockheed Martin begin a dedicated Maintenance, Repair and Overhaul (MRO) facility for the C-130J Super Hercules aircraft. The groundbreaking, that took place in Bengaluru on Monday, marks the latest expansion in the two companies’ long-running industrial ties.The ceremony was attended by…

When people tell me about their stock market disasters, the story is almost always familiar. It’s rare, “I bought a solid company at a sensible price, held it for years, and it went to zero.” What I usually hear is closer to, “I bought stock based on this story… this penny stock… this F&O trade…

Flight disruptions continued on Monday (PTI image) NEW DELHI: IndiGo’s operational crisis entered its seventh consecutive day on Monday, with more than 400 large-scale flight cancellations continuing across major airports, leaving thousands of passengers stranded nationwide.Meanwhile, the Supreme Court has declined to hear a plea seeking judicial intervention in the cancellation of hundreds of flights,…