A Karnataka High Court division bench overturned a single bench order in the Yezdi trademark dispute. The court ruled that Ideal Jawa (India) Ltd lost its trademark rights due to non-use and non-renewal since 1996. This decision allows Classic Legends and Boman R Irani to use the Yezdi mark.
December marks a vibrant end to the year in India with national commemorations like Vijay Diwas and Kisan Diwas, alongside widespread Christmas celebrations. Regional festivals and tribal events highlight the nation's rich diversity. Globally, the month emphasizes crucial awareness campaigns on health, human rights, and environmental sustainability, fostering a spirit of collective responsibility.
India received 5.4 million tonnes of Russian oil worth 2.1 billion euros via 30 vessels operating under false flags between January and September 2025, a report reveals. This highlights Russia's use of a growing 'shadow fleet' to bypass Western sanctions, with India being a major recipient of these oil shipments.
Oil India Limited has commenced its first deepwater drilling campaign in the Kerala-Konkan Basin, marking a significant step in India's energy independence. The 6,000-meter well aims to explore the basin's potential, aligning with the government's strategy to boost domestic exploration and reduce import reliance.
India's economy surged by 8.2% in the July-September quarter, driven by a strong manufacturing rebound and robust services activity. This marks the fastest expansion in six quarters, with domestic demand fueling production ahead of the festival season. Economists now anticipate full-year growth to exceed 7%, bolstered by pro-growth policies and reforms.
India's economy is set for robust growth exceeding 7% this fiscal, with the GDP projected to surpass $4 trillion in FY26. Strong second-quarter performance, driven by manufacturing and services, fuels this optimism. Stable inflation and ongoing reforms are enhancing competitiveness, paving the way for increased private investment and sustained economic momentum.
The Income Tax Department has launched a fresh campaign targeting individuals with undeclared overseas assets and income. Around 25,000 high-risk cases will be initially contacted via SMS and email. This initiative aims to encourage taxpayers to review and revise their returns by December 31 to avoid significant penalties under the Black Money Act.
The European Central Bank's October meeting minutes indicate interest rates are currently appropriate, with potential for cuts in 2026. While inflation is near the 2% target, concerns about slowing wage growth and eurozone momentum prompt openness to future easing. The ECB remains vigilant about the economy's ability to sustain the target.
Americans are gearing up for Thanksgiving with family meals and early holiday shopping as most major retailers close on Thursday, reopening for Black Friday. This week also marks a record-breaking Thanksgiving travel period, with AAA projecting 81.8 million people journeying, primarily by car, due to stable gas prices.
New labour codes, effective November 21, are projected to inject Rs 75,000 crore into consumption and boost the formal workforce by 15%. Social security coverage is expected to reach 85% within three years, potentially reducing unemployment by 1.3%. This reform aims to create a protected and productive labour market for both workers and businesses.
'Fiscal, Monetary & Regulatory Moves To Spur Pvt Investment'
India's new labour codes, effective November 21, 2025, consolidate 29 laws, promising universal minimum wages, enhanced social security for gig workers, and improved safety. While offering businesses flexibility, they also introduce new classifications for employees and workers, impacting benefits and contract labour. Employers must adapt HR and payroll to these significant changes.
Bitcoin and ether experienced sharp declines, with bitcoin closing at $80,553 and ether hitting a four-month low. This sell-off in riskier assets is attributed to investor concerns over expensive tech stocks and uncertainty regarding US interest rate decisions. Analysts warn that a drop below $80,000 could trigger further significant losses for bitcoin.
US President Donald Trump is reiterating his support for his tariff policy. He claims these tariffs are bringing in trillions of dollars for America. Trump also asserts that his tariff threats have prevented eight wars. He criticises opponents and foreign governments, stating tariffs are crucial for US economic and security strength.
The Securities Markets Code Bill 2025 is slated for introduction in Parliament's Winter session, aiming to streamline India's financial markets by merging key securities laws into a single code. This unified legislation, first proposed in the Union Budget 2021-22, is expected to reduce compliance costs and regulatory friction.
India's health insurance system is losing ₹8,000-10,000 crore annually due to fraud and waste, a BCG-Medi Assist report reveals. This impacts premiums and public funds, with reimbursement claims showing significantly higher fraud rates. The report advocates for AI-driven oversight and faster data sharing to combat this systemic issue and ensure accessible, affordable healthcare.
Kotak Mahindra Bank's board has approved a 1:5 equity share sub-division to enhance affordability and market liquidity. This decision, made on the bank's 40th foundation day, aims to encourage broader investor participation. The move, subject to regulatory approvals, will split Rs 5 face value shares into five Rs 1 shares.
The Centre has extended the quality enforcement timeline for specific steel and stainless-steel imports until March 2026. This move aims to prevent supply disruptions of specialized steel grades not yet produced domestically in sufficient quantities. The government also simplified import procedures for steel grades not covered by existing Quality Control Orders.
The US trade deficit significantly narrowed in August, falling to $59.6 billion as tariffs reduced imports. Despite this pullback, the trade gap has widened year-to-date, though a narrower deficit typically supports economic growth. President Trump's tariffs, aimed at addressing perceived exploitation, have faced scrutiny over their impact on inflation and legality.
India anticipates a modest benefit from the US lifting tariffs on agricultural products like tea, coffee, and spices. While this creates a more level playing field for Indian exporters, independent analyses suggest limited gains. Larger beneficiaries are expected to be from Latin America, Africa, and ASEAN, unless India enhances its production and export diversity.
A fintech founder, Charlie Javice, defrauded JPMorgan into buying her startup for $175 million. Despite her conviction and prison sentence, the bank is still footing over $142 million in her legal bills due to an acquisition clause. This bizarre situation highlights a massive due diligence failure and the potential for contractual protections to backfire spectacularly.
The US aims to finalize a rare earths deal with China by Thanksgiving, suspending Beijing's export restrictions on critical minerals. This tentative agreement, following the Trump-Xi meeting, also involves the US rolling back some tariffs and China resuming significant soybean purchases. Washington is confident in Beijing's commitment but holds leverage if assurances are broken.
Galeries Lafayette has launched its first Indian store in Mumbai, aiming to capture the nation's vast consumer market. Despite the promising growth of India's luxury sector, global brands face significant hurdles including high import duties, complex bureaucracy, and strong competition from local designers, necessitating cultural adaptation for success.
Former Federal Reserve Governor Adriana Kugler reportedly violated strict trading rules multiple times before her abrupt August resignation. Disclosures reveal over a dozen stock transactions in 2024, including significant Apple shares, during prohibited blackout periods. Despite claims her husband acted without her knowledge, requests for ethics waivers were denied, prompting her departure.
Foreign investors have reduced their stake in Indian companies to a 15-year low. Meanwhile, domestic mutual funds are at a record high. Promoters are also selling shares. Individual investors, combined with mutual funds, now control a significant portion of the market. This shift reflects changing investment patterns in India.
Ford CEO Jim Farley warns of a national crisis as the company struggles to fill 5,000 skilled mechanic roles, despite offering $120,000 salaries. This shortage, impacting manufacturing and essential services, stems from a collapse in trade education. While Gen Z shows renewed interest in trades, rebuilding the talent pipeline will take years.
Retail inflation hit a record low of 0.3% in October, driven by GST rate cuts and a sharp decline in food prices. This significant drop, the lowest in the current CPI series, has fueled expectations of an interest rate cut by the RBI in December.
Public sector banks are directed to boost lending to MSMEs and agriculture, while focusing on low-cost deposits and robust risk management. The finance ministry emphasized customer-centricity, digital innovation, and cybersecurity. Banks are also urged to support emerging sectors like renewable energy, aligning with national development goals.
The CBDT has empowered the Income Tax Commissioner at Bengaluru's CPC to directly rectify assessment order mistakes under Section 154. This move aims to expedite corrections for taxpayers, addressing issues like miscalculations and missed credits, thereby reducing delays and enhancing transparency in the refund process.
Air travel faced significant disruption on Sunday. Over 2,100 flights were cancelled and 7,000 delayed across the United States. This chaos stemmed from the ongoing government shutdown and reduced air traffic control operations. Major airports like Hartsfield-Jackson in Atlanta and Newark Liberty saw the highest number of cancellations. Officials are trading blame for the travel woes impacting the public.
China has eased export controls on Nexperia chips for civilian use, a move that could alleviate global auto industry supply shortages. This signals a potential de-escalation following Dutch government intervention in the chipmaker, owned by China's Wingtech. Beijing urges the EU to press the Netherlands to reverse its decision, aiming to safeguard global chip supply chains.In the Budget, FM Nirmala Sitharaman had proposed to provide a tax holiday till 2047 to any foreign company providing cloud services to cust...
