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US Immigration and Customs Enforcement deported more than 270,000 people to 192 countries, including India, over a recent 12-month period, the highest annual tally in a decade, according to a report released Thursday that illustrates some of the financial and operational challenges that President-elect Donald Trump will face to carry out his pledge of mass deportations. ICE, the main government agency responsible for removing people in the country illegally, had 271,484 deportations in its fiscal year ended Sept 30, nearly double from 142,580 in the same period a year earlier. It was ICE's highest deportation count since 2014, when it removed 315,943 people. The highest it reached during Trump's first term in the White House was 267,258 in 2019. Increased deportation flights, including on weekends, and streamlined travel procedures for people sent to Guatemala, Honduras and El Salvador fuelled the increase, ICE said. The agency had its first large flight to China in six years and also had planes stop in Albania, Angola, Egypt, Georgia, Ghana, Guinea, India, Mauritania, Romania, Senegal, Tajikistan and Uzbekistan.

buy call on Indian Hotels Company (IHCL) with a target price of Rs 950. The current market price of Indian Hotels is Rs 880.3. IHCL, incorporated in 1902, is a Mid Cap company with a market cap of Rs 125461.32 crore, operating in Tourism & Hospitality sector. Indian Hotels Company's key products/revenue segments include Income from Rooms, Restaurants & Other Services and Other Operating Revenue for the year ending 31-Mar-2024.

“Earnings growth, margins for a wide variety of businesses and the most crucial – the margin of safety of investors new investments that are put into various assets incrementally in 2025 and beyond,” says Sahil Kapoor, Head of Products and Market Strategist, DSP Mutual Fund. In an interview with ETMarkets, Kapoor said: “Private banks, selects PSU banks, Healthcare providers, select Auto OEMs and some insurance companies appears to have a good mix of valuations, steady earnings and probability of decent growth outcomes are key themes for 2025,” Edited excerpts:

recruitment post has sparked the ire of netizens and reopened the age-old language debate that has emerged as one of the red-button subjects in Bengaluru. While the city is often called the ‘Silicon Valley’ of India and is renowned for its vibrant startup culture, several red flags about India’s tech paradise have recently emerged: traffic problems, sky-high rents, and the language debate. Delhi-based entrepreneur Vikram Chopra recently took a potshot at Bengaluru’s language issue. In a hiring post addressed to techies, the CEO of Cars 24 wrote, “Still can’t speak Kannada after years in Bengaluru? It’s okay. Aa jao Dilli (come to Delhi).” He added that his firm was on the lookout for ‘kickass’ engineers who wished to stay close to home. “We are not saying Delhi NCR is better. Only that it really is. If you wish to come back, write to me at [email protected] with the subject — Delhi meri jaan,” he wrote.

At least five companies, including Zomato Ltd. and its recently-listed rival Swiggy Ltd., have unveiled or announced plans to offer quick food delivery in the last few weeks. But how they do it varies: Zomato unit Blinkit’s food delivery app Bistro and Zepto Cafe are relying on in-house kitchens to swiftly cook and assemble eatables, while Swiggy is partnering with restaurants from Starbucks Corp. to McDonald’s Corp.

IPO) of Carraro India will open for subscription today. The Rs 1250 crore issue, which is entirely an offer for sale of 1.77 shares, will be available for bidding till December 24. Since the IPO is completely an OFS, the proceeds from the offer will go to the selling shareholders.

Indian Oil Corporation (IOC) are in focus after a senior executive of the company stated that it will invest over Rs 21,000 crore to expand its Barauni refinery in Bihar and establish a city gas distribution network across the state. IOC is upgrading the Barauni refinery from a capacity of 6 million tonnes per annum (mtpa) to 9 mtpa, along with a petrochemical plant, at an estimated cost of Rs 16,000 crore.

Varun Saboo, Head-Equities, Anand Rathi Shares, says there is no reason why Nifty should trade anything below 18 times in general. He does not see those times coming back where we go down to 15 times earnings. Because whatever said and done, our growth rates are much better than any country in the world, so that premium, that multiple to peg will remain and the Nifty will remain firm. However, one has to see how the Jan and next earnings season pan out. Among the biggest losers among banks in 2024, one can bottom fish in Bandhan Bank next year. Towards the fag end of the year and perhaps the start of the new year as well volumes, cues, are going to dry up and then will come the January earnings followed by budget, etc. What do you think the market construct is going to be? Will this kind of volatility persist or is it going to become more lacklustre with the drying up of volumes? Varun Saboo: There are two-three things which you are talking about.

Crypto trading in India is rapidly expanding beyond major metropolitan areas, with smaller cities and towns emerging as key players in the digital assets market. A report by CoinSwitch revealed that regions like Botad, Barbaka, Jalandhar, Ludhiana, Patna, Kanchipuram, and Dehradun are increasingly active in the crypto ecosystem, joining larger cities where digital asset trading has been flourishing for years.

Bandhan Bank, Chambal Fertilizers & Chemicals, Granules India, Hindustan Copper, Manappuram Finance, National Aluminium Company, NMDC, PVR Inox, RBL Bank and Steel Authority of India (SAIL). The Future & Options contracts of any stock enter the ban period when the open interest (OI) on it crosses 95% of the market wide positions limits or MWPL. The ban on it is reversed only if the open interest falls below 80%.

FIR against Rahul Gandhi is a diversionary tactic in response to his staunch protest against Home Minister Amit Shah's remarks on B R Ambedkar. In a post on X, KC Venugopal shared, «The FIR against Rahul Gandhi is nothing but a diversionary tactic in response to his staunch protest against the Home Minister. A case against him for defending Babasaheb's legacy is a badge of honour. In any case, Rahul Gandhi is already facing 26 FIRs due to the BJP's political vendetta and this latest FIR will not stop him or the Congress from standing up against the casteist RSS-BJP regime. At the same time, why has the Delhi Police not acted on the FIRs filed by women MPs of INC against the BJP leaders who physically assaulted them?» Delhi Police on Thursday registered an FIR against Rahul Gandhi, who is also Leader of Opposition in Lok Sabha, in connection with a scuffle in Parliament with BJP and Congress filing cross-complaints against each other.

Subscribe to enjoy similar stories. On remittances from abroad, India remains the world’s top beneficiary. For 2024, such inflows stood at $129 billion, according to a blog by World Bank economists, almost double that of second-ranked Mexico, which got $68 billion, and more than two-and-a-half times China’s $48 billion.

Subscribe to enjoy similar stories. In a Peak Bengaluru moment this month, a walking tour group organized a 15-day ‘BLR Walkfest,’ getting people to find out if the city is ‘walkable.’ True to the city’s brand-it-and-we’ll-do-it culture, about a hundred people signed up for every walk, which included talks on historic landmarks and lots of filter-coffee drinking, to see if they could do what millions of Indians do daily—use pavements to get around the city on foot. Many Indians ride in cushy carriages all their lives without ever stepping on a footpath, but a vast majority, most of them poor, either walk to work or work on paved sidewalks.

Tata Consultancy Services (TCS) plans to increase the number of fresher hirings from engineering campuses in 2025-26 from the current fiscal’s commitment of 40,000 amid higher growth prospects, its chief human resources officer Milind Lakkad told ET. India’s largest IT services giant is on track to onboard its committed 40,000 freshers from colleges along with training across multiple technologies including the latest artificial intelligence (AI) and generative AI or GenAI tools in FY25 ending March 2025, said Lakkad who is also an executive vice president at TCS. “I expect that number to go up a bit more (in FY26),” Lakkad told ET in an interview. He said the firm’s planning cycle for FY26 starts now.

IndusInd International Holdings (IIHL) is in advanced talks with investors including 360 One, Barclays, Bank of America, Allianz Private Credit Fund, ICICI Prudential AMC Private Credit, Edelweiss Alternatives, Alpha Alternatives Fund and Tata Capital to raise ₹4,300 crore in the second tranche to complete its acquisition of Reliance Capital by January end, people aware of the development said. Barclays alone is contributing ₹1,000 crore in this round of non-convertible debenture (NCD) issue, one of them said.

Indian IT companies. Among the positive moves, the Dept of Homeland & Security (DHS) extended F1 visa validity for students seeking jobs on OPT by one year which will significantly ease the burden, immigration consultants and policy experts said. “We are supportive of foreign nationals transitioning from a student visa to an H-1B wherein they will be able to extend their postgraduation work permit to a year after they’ve filed their H-1B petition to prevent gaps in employment,” said Shivendra Singh, vice president — global trade development at India’s apex technology body Nasscom.

“As per our estimates, the 1,700 centres in total have grown in size by 25%, meaning they are individually expanding while new ones are also being added. That is why you’re seeing so much activity and hiring,” said Nambiar. Formerly the CMD of Cognizant India, he took over as Nasscom’s president in November. Nambiar emphasised that the growth of GCCs doesn’t signify a loss for the IT sector. Instead, both sectors are closely intertwined, creating a win-win situation for India. To further accelerate the growth of the sector—which has hired more people than IT services firms—Nasscom is working with various government arms to address key concerns facing GCCs, such as safe harbor provisions and advance pricing agreements. He added that the era of requesting tax incentives or sops is over; the focus now is on resolving these structural concerns.

Subscribe to enjoy similar stories. New Delhi: The consumer affairs ministry is developing a Repairability Index for consumer durables on the lines of star-rating system used for evaluating the energy efficiency of electrical appliances, Union minister for consumer affairs, food and public distribution Pralhad Joshi said.

Subscribe to enjoy similar stories. India’s gold imports jumped fourfold to nearly $15 billion in November, powering a 27% surge in goods imports. At the same time, exports fell 4.9%.

Subscribe to enjoy similar stories. Kia India, known for its sharp focus on sport utility vehicles (SUVs), is treading with flexibility in the dynamic Indian passenger vehicle market, where regulatory uncertainty and shifting consumer trends often leave automakers scrambling for direction. Gwanggu Lee, managing director and CEO of Kia India, emphasized the importance of agility over rigid strategies, pointing out that committing to a single course could be perilous.

Subscribe to enjoy similar stories. New Delhi: Virtual shelves of online grocers such as Amazon, Flipkart and Swiggy may soon see the debut of an unlikely item: Subsidized dal from the Government of India. The ministry of consumer affairs is expected to mandate e-commerce companies to offer cheaper pulses under the Bharat Dal scheme on their platforms, two people aware of the matter said.