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Rupee continues to fall, hits fresh all-time low against US dollar
short by Medhaa Gupta / on 02 Dec 2025,Tuesday
The Indian rupee continued to fall, hitting a new all-time low of 89.85 against the US dollar on Tuesday. The drop in value comes despite the country reporting an estimated Q2 GDP of 8.2% and ahead of the RBI monetary policy decision. The currency had dropped to 89.76 against the US dollar a day earlier.
short by Medhaa Gupta / 10:03 am on 02 Dec
MIC Electronics’ Board cleared capital plans of ₹250 crore via QIP and USD 15 million through FCCBs, both in tranches, and received an LoA from Vijayawada Railway Division for an IP-based Integrated Passenger Information System worth ₹1,49,88,884.77 at ANV and YLM stations, to be completed in 12 months from the agreement date. Founded in 1988, MIC is a leading manufacturer of LED displays.
short by / 12:01 pm on 02 Dec
Afcons Infrastructure Limited secured ₹884 crore EPC orders for civil infrastructure works under its Marine and Industrial BU. The company holds a ₹32,681 crore order book and a market cap above ₹15,000 crore. Its stock is up 8% from the 52-week low of ₹382.40 per share.
short by / 11:17 am on 02 Dec
Fineotex Chemical completed its preferential warrant exercise on 21 November 2025, allotting equity shares to promoter and non-promoter investors. The strong promoter participation signals confidence in FCL's strategic direction, robust operations and expansion plans, with funds allocated to working capital and potential strategic acquisitions. This move reinforces long-term value creation.
short by / 10:55 am on 02 Dec
India's markets retreated after touching fresh highs, with the Sensex and Nifty closing flat as selling pressure emerged. The rupee hit another record low amid uncertainty around a delayed US-India trade deal. While GDP growth has been strong, industrial output slowed sharply in October, signalling the impact of US tariffs, weaker exports and softer manufacturing momentum as 2025 ends.
short by / 11:56 am on 02 Dec
On Tuesday, Bartronics India Limited jumped 3.38% to an intraday high of ₹11.94 from ₹11.55, with volume spiking 1.01 times on the BSE. After its December 1, 2025 Board meet, the company announced Project AVIO, rapid Agri-Tech expansion, 20 million farmer onboarding and high-growth Health-Tech plans through its Huwel Lifesciences partnership.
short by / 11:20 am on 02 Dec
Meesho, Aequs, Vidya Wires IPO GMP trends suggest listing gains
short by Vaishnavi Mishra / on 02 Dec 2025,Tuesday
Grey market premium (GMP) for Meesho's ₹5,421.2-crore IPO, Aequs' ₹921.81-crore IPO and Vidya Wires' ₹300-crore IPO on Tuesday indicated listing gains ahead of launch on December 3. Meesho IPO GMP stood at ₹46.5, indicating a potential listing at 41.89% premium. Aequs IPO GMP stood at ₹44.5, hinting at 35.89% premium. Vidya Wires IPO GMP stood at ₹6, indicating 11.54% premium.
short by Vaishnavi Mishra / 11:34 am on 02 Dec
Ratnaveer Precision Engineering opened its QIP at a floor price of ₹152.46 per share, lower than the ₹157 level. The company aims to use proceeds for working-capital needs and corporate purposes. In Q2FY26, it posted ₹287 crore revenue, ₹30.26 crore EBITDA and ₹15.35 crore PAT, while FIIs increased stake to 1.32%.
short by / 10:51 am on 02 Dec
After Y Combinator CEO Garry Tan claimed Zoho's business will be the first to end due to vibe coding, Zoho Co-Founder Sridhar Vembu offered to make a bet with him, saying, "We'll outshine and outlast his vibe coding companies." Noting that Zoho's customer growth is at 50%, he questioned, "Why don't we see vibe-coded email or spreadsheet...or messaging apps yet?"
short by Medhaa Gupta / 02:08 pm on 02 Dec
While reacting to an article about Zoho Co-Founder Sridhar Vembu's push back against vibe-coding (coding with AI), Y Combinator CEO Garry Tan claimed Zoho's business would be the first to be "competed away" by people building their own custom software. "Why pay $30/seat/month for over-bundled SaaS when soon even nontech...[people could] vibe-code a custom solution in a weekend?" he said.
short by Medhaa Gupta / 12:24 pm on 02 Dec
Accenture has started calling its nearly 8 lakh employees "reinventors" as the company moves towards adapting itself to AI, Financial Times reported. The label, which is already being used by the CEO, was reportedly introduced following a major reorganisation. "Jargon is used...to signal expertise or relevance without having to invest in underlying competencies and knowledge," an expert said.
short by Medhaa Gupta / 10:31 am on 02 Dec
Delhi-based warehousing startup Wherehouse.io's Co-founder Vaibhav Chawla was allegedly arrested at 1:00am on Tuesday and later released without an FIR, entrepreneur Sachin Bharadwaj claimed. Chawla was arrested hours after posting on LinkedIn that he was shutting down his startup after a client's "frivolous" complaint crossed the line. Chawla claimed his team was also detained over past few days.
short by Ashley Paul / 02:55 pm on 02 Dec
Air India flew an A320 plane 8 times with expired licence: Report
short by Vaishnavi Mishra / on 02 Dec 2025,Tuesday
Tata Group-operated Air India flew an Airbus A320 eight times on November 24-25 with an expired airworthiness license, potentially putting passengers' safety at risk, The Economic Times reported. An engineer discovered the huge lapse, after which the plane was taken out of service. The Directorate General of Civil Aviation has initiated an investigation into the matter, hinting at heavy penalties.
short by Vaishnavi Mishra / 01:02 pm on 02 Dec
The UAE Embassy in New Delhi marked its 54th National Day with Commerce Minister Piyush Goyal as Chief Guest. The event highlighted rapidly strengthening UAE-India ties, with bilateral trade surpassing $100 billion under the CEPA agreement. Cooperation has expanded across energy, logistics, tech, food security, and education, including the IIT Delhi Abu Dhabi campus.
short by / 12:57 pm on 02 Dec
A lump sum investment of ₹9 lakh in gold will generate a total value of ₹37,59,523 in 15 years at 10% expected annual return rate, as per NDTV Profit. If a similar amount is invested in mutual funds, it is expected to generate ₹49,26,209 (12% annual growth rate). A similar amount in FDs will generate ₹24,83,128 (7% annual return rate).
short by Ankush Verma / 09:35 am on 02 Dec
The Indian rupee weakened to an all-time low against the US dollar in early trade on Tuesday due to a firm American currency against its major peers overseas, while strong dollar demand from importers also pressurised the rupee. Moreover, persistent foreign fund outflows and elevated crude oil prices have also dented rupee sentiments.
short by / 12:13 pm on 02 Dec
The Telangana Food Safety Department conducted surprise inspections at 75 warehouses of Zepto, JioMart, Blinkit, BigBasket, Zomato, Swiggy, Flipkart, Amazon and local suppliers, seizing 1,903 expired or mislabelled food items and discarding 76 kg of stale or rotten products. Officials issued 32 improvement notices and collected samples for further testing.
short by / 01:35 pm on 02 Dec
Oil rises on geopolitical risks to supply
short by / on 02 Dec 2025,Tuesday
Oil prices climbed in early trade on Tuesday for a second consecutive session as market participants assessed risks stemming from Ukrainian drone strikes on Russian energy sites and mounting US-Venezuela tensions. Brent crude futures rose 14 cents, or 0.2%, to $63.31 a barrel by 0102 GMT.
short by / 09:34 am on 02 Dec
Western Railway has introduced an OTP-based Tatkal booking system from December 1, 2025, starting with the Mumbai Central-Ahmedabad Shatabdi Express. Passengers will receive an OTP on the mobile number provided during booking, and tickets will be issued only after verification. The move aims to curb touts, prevent fake reservations, and enhance transparency.
short by / 01:37 pm on 02 Dec
Gold eased in early trading on Tuesday, after it touched a six-week high in the previous session, as rising US Treasury yields and profit-taking weighed on sentiment ahead of US economic data likely to guide the Federal Reserve's policy path. India stocks to open higher after brief pause near record highs.
short by / 10:43 am on 02 Dec
Bajaj Housing Finance shares hit 52-week low amid 2% stake sale
short by Vaishnavi Mishra / on 02 Dec 2025,Tuesday
Bajaj Housing Finance shares dropped 9% to hit their 52-week low of ₹94.90 on BSE on Tuesday. This comes after several reports claimed that company’s promoter, Bajaj Finance, in a block deal, likely sold a 2.35% equity at a floor price of ₹95 per share. Earlier, Bajaj Finance announced stake sale plans to comply with the minimum public shareholding norms.
short by Vaishnavi Mishra / 01:53 pm on 02 Dec
Textiles, two-wheelers witness consumption dip post GST reforms
short by Vaishnavi Mishra / on 02 Dec 2025,Tuesday
Sector-wise data show textile supply value rose 8% in September and October, down from 12% last year, whereas two-wheelers grew 18%, compared with 23% year-on-year. The slowdown is reported post GST 2.0 reforms introduction. The textile numbers are likely reflecting export headwinds, while two-wheeler consumption is down as affordability shifted towards smaller cars, a government source said.
short by Vaishnavi Mishra / 12:08 pm on 02 Dec
Retail investors offload over ₹25,300 crore in two months 
short by Vaishnavi Mishra / on 02 Dec 2025,Tuesday
NSE data shows retail participants offloaded nearly ₹13,776 crore in October and another ₹11,544 crore in November despite improving market sentiment. The Sensex and Nifty rose more than 4% in October and added another 2% in November. Even though the market began recovering in October and November, many small retail investors used the opportunity to book profits, analysts said.
short by Vaishnavi Mishra / 02:59 pm on 02 Dec
Exato Technologies GMP hits 107% as subscription enters final day
short by Vaishnavi Mishra / on 02 Dec 2025,Tuesday
The ₹37.5-crore IPO of Exato Technologies, which opened last week, is witnessing its final day of bidding. The grey market premium (GMP) for this BSE SME IPO was ₹150 on Tuesday against the issue price of ₹140. Its unlisted shares in the private market indicated a potential listing gain of 107.14%, the highest GMP recorded for the IPO.
short by Vaishnavi Mishra / 11:13 am on 02 Dec
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