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Subscribe to enjoy similar stories. MUMBAI : IndiGo’s parent, InterGlobe Aviation Ltd, has suffered a sharp sell-off due to the operational meltdown just days before its inclusion in the Sensex, becoming the worst-performing stock to enter the benchmark index in the last 15 years, based on one-month pre-inclusion returns. BSE Index Services announced on 21 November that InterGlobe Aviation would replace Tata Motors Passenger Vehicles on the prestigious 30-scrip index on 22 December.

Subscribe to enjoy similar stories. New Delhi: As the India-Oman free trade agreement (FTA) is set to be signed on Thursday during Prime Minister Narendra Modi’s visit to Muscat, the deal is being positioned as a key pillar of India’s expanding economic and strategic engagement with the Gulf, even as its immediate trade upside remains measured by the size of Oman’s market. The Comprehensive Economic Partnership Agreement (CEPA) will be the final stop of the Prime Minister’s three-nation tour, which included Jordan and Ethiopia.

Subscribe to enjoy similar stories. Mumbai: Google Pay has been distributing personal loans on behalf of its lending partners for several years and has now expanded its product suite to include credit cards. However, while personal loans are a third-party product, the credit card launch is the first native product introduced by the payments giant, which aims to go beyond distribution and create a credit ecosystem on the platform.

Mint’s requests for a comment.Amid media reports, Shriram Finance informed the exchanges late Tuesday that its board is scheduled to meet on Friday to consider a proposal to raise funds through a rights issue, preferential allotment, qualified institutional placement, or any other permissible mode. The transaction is expected to be carried out through a fresh issue of equity shares and/or other eligible securities, the company had said in the regulatory filing.The development comes on the back of a larger trend by global strategic players looking to enter India with large buyout deals.

There’s no such thing as a sure thing in financial markets, but some things come pretty close. One of them is the proposition that there will be more interest-rate cuts next year—and another is that these reductions will have little to no effect on long-term rates.First, the cuts. US Federal Reserve Chair Jay Powell may have presided over his last announcement of a decrease, but odds are his successor will cut rates further next year.

Subscribe to enjoy similar stories. MUMBAI : It has been over a year since the Securities and Exchange Board of India (Sebi) intervened to promote discipline in the country’s booming derivatives market, yet retail investors continue to wade into high-risk futures and options (F&O) trading.

Subscribe to enjoy similar stories. NEW DELHI: The electric vehicles (EV) sector is expected to take centre stage in Punjab, as the state lines up an expanded package of incentives to attract fresh investments under the new industrial policy that is likely to be launched in January.

Denmark has cancelled Christmas—or Christmas cards at any rate. From the end of this month, the nation’s postal service will no longer carry letters.

Subscribe to enjoy similar stories. It is shaping up to be another difficult year for India’s tourism industry. Foreign tourist arrivals (FTAs) have struggled in the first nine months of the year and may once again fall short of pre-pandemic levels.

Subscribe to enjoy similar stories. Office workers are filled with anxiety. Tuesday’s jobs report was the latest ominous sign in an era of big corporate layoff announcements and CEOs warning that AI will replace workers.

RailTel Corp., a state-owned telecom infrastructure and connectivity provider, is in talks with Elon Musk’s Starlink to offer retail broadband services to its users in remote areas using satellite internet, according to two officials aware of the matter.“The discussions have picked up pace with Starlink, but commercials are yet to be finalized. Starlink team has also met RailTel’s officials in New Delhi,” the first of the two government officials said, requesting anonymity as talks are private.

Subscribe to enjoy similar stories. Company Outsider is a weekly newsletter by Sundeep Khanna. Subscribe to Mint's newsletters to get them directly in your email inbox. For two decades, Tata Consultancy Services (TCS) was synonymous with building.

Tata Consultancy Services Ltd (TCS), India's largest software services company, has won a mega deal valued at more than $1 billion revenues over 10 years from Telefónica UK, the British arm of Spanish telecom giant Telefónica, ending a nearly two-year drought in bagging such large deals.Telefónica UK runs the O2 brand of mobile phone services in the UK.Mumbai-based TCS will offer application and infrastructure work as part of this contract, much of which is new work for the company, said two executives privy to the development requesting that they remain unidentified in this story. A formal announcement is expected in the coming weeks.This is the fourth $1-billion deal, all in the UK, under managing director and chief executive officer (CEO) K.

India has approached the World Trade Organization (WTO) for consultations with the European Union (EU) as the bloc’s proposed tariffs and quotas on ferro-alloy imports deepen worries about global trade uncertainty when the two parties are negotiating a free-trade pact.India has a substantial trade interest in the products concerned and has invoked provisions of the Agreement on Safeguards to seek consultations with the EU, according to the WTO document reviewed by Mint.The EU issued a notification last month, proposing a safeguard duty after claiming serious injury or threat to its domestic ferro-alloy industry due to rising imports.The EU imported iron and steel products worth about $4.25 billion from India in 2024, according to the United Nations COMTRADE database. Ferro-alloys such as silico-manganese, ferro-manganese and ferro-silicon, which are essential inputs for steelmaking in Europe, accounted for about $381 million.While total Indian exports to the EU in the category may be small, the EU’s move increases uncertainty even as the two sides are engaged in talks for a free-trade pact.

Subscribe to enjoy similar stories. Despite the government’s stated policy goal of increasing the share of natural gas in India’s energy basket, consumption of the environmentally friendly fuel fell 8.6% annually in the April-October period of FY26, according to data from the petroleum planning and analysis cell (PPAC). In absolute terms, consumption declined to 40,068 million metric standard cubic metres (mmscm) during the first seven months of FY26, compared to 43,583 mmscm over the same period in FY25.

The bill was tabled by Shivraj Singh Chouhan, minister for rural development and agriculture & farmers’ welfare.Mint reported on 15 December that the proposed legislation seeks to provide a statutory guarantee of 125 days of wage employment, up from the current 100 days, in every financial year to each rural household whose adult members are willing to undertake unskilled manual work.The scheme will operate as a centrally-sponsored scheme, with the Union government bearing 90% of the financial burden for north-eastern and Himalayan states and Union territories, and 60% for other states. Respective states will need to stump up the rest.The expenditure under the scheme will depend on the number of persons reporting for work, the applicable wage rate, and the material and administrative components of the work.

Subscribe to enjoy similar stories. Artificial intelligence might turn the world’s most valuable private company into one of the world’s most valuable publicly traded companies in 2026. This, of course, is about Elon Musk’s rocket company SpaceX, which he believes can become an AI player after essentially inventing the modern space business and creating the first killer space application, satellite broadband, enabled by lower launch costs.

Subscribe to enjoy similar stories. Chennai: It isn’t every day that you come across companies declaring with some ferocity that they are second best. That kind of intensity is usually reserved in the battle for the top spot.

Subscribe to enjoy similar stories. MUMBAI : Gajendra Singh Shekhawat, India's Union minister for tourism and culture, on 15 December informed the Lok Sabha, through written replies, of the government's initiatives to promote homestays, especially in tribal areas. Mint explains what these policies are and why the government is keen on homestays.

Subscribe to enjoy similar stories. When the company that runs ICICI Prudential Mutual Fund lists on the stock market later this month, it will become the fourth financial services business from the ICICI Group to go public. In doing so, ICICI Group will break away from two of its peers, SBI Group and HDFC Group, each of which has three listed businesses.

Subscribe to enjoy similar stories. Amber Enterprises India Ltd is entering a transition year, one that will test investor patience. Its core room air-conditioner (RAC) business is expected to grow 10–15% in FY26— ahead of industry—management said at a recent analyst meet.