US President-elect Donald Trump is stirring the pot again with proposed tariffs targeting China, Mexico, and Canada, sparking concerns of escalating international trade tensions. Closer to home and in a bold move, India’s upping the game by considering raising the FDI cap in the insurance sector to 100%. Meanwhile, the Adani Group is under the spotlight as its market cap takes a heavy hit amid investor concerns. The Street is closely watching how this one unfolds.
After months of conflict, Israel appears to be inching closer to a ceasefire with Hezbollah—a hopeful sign for the West Asian region.
In corporate chatter, Vodafone Idea shares gained after amid buzz on cabinet’s decision to waive bank guarantee requirements for the pre-2022 spectrum. At Zomato, the food delivery platform’s CEO Deepinder Goyal has extended his salary waiver till 2026.
From the EV space, Mahindra is turning heads with its new electric SUVs with claims of long range, while Ola Electric also rolled out new bikes: the S1 Z and Gig.
Days after Maharashtra election results, CM Eknath Shinde submitted his resignation even as the suspense continues over who will bag the post within the Mahayuti alliance.
Donald Trump vows tariffs on China, Mexico, Canada over border
President-elect Donald Trump said he would impose additional 10% tariffs on goods from China and 25% tariffs on all products from Mexico and Canada, citing the levies as necessary to clamp down on migrants and illegal drugs flowing across US borders.
In posts to his Truth Social network that jolted financial markets on Monday, Trump claimed China had failed to follow through on promises to institute the death penalty for traffickers of fentanyl, writing that “drugs are pouring into our Country, mostly through Mexico, at levels never seen before.”
India may raise insurance FDI cap to 100%, allow composite licenses
India is planning to increase the foreign direct investment (FDI) cap in the insurance sector from 74% to 100%, sources have told CNBC-TV18. The proposal is part of a broader set of reforms aimed at attracting global investors and modernising the insurance industry.
The amendments may also introduce composite licenses for insurers, enabling companies to operate across life, general, and health insurance segments under a single license, sources said.
Adani Group overtaken by Bajaj, ICICI after ₹3 lakh crore market cap erosion in four sessions
With Adani Group stocks extending their fall after the US prosecutors’ charges of bribery against executives of the conglomerate, the group has seen its valuation come off by nearly ₹3 lakh crore in just four sessions through Tuesday.
The sudden drop in valuation has also pulled down the conglomerate’s rank in market capitalisation by two notches to six. Prior to the recent selloff, the ports-to-power behemoth ranked fourth after Tata Group, Mukesh Ambani-led Reliance Group and HDFC Group.
Israel poised to approve ceasefire with Hezbollah, Israeli official says
Israel looks set to approve a US plan for a ceasefire with the Iran-backed Hezbollah on Tuesday, a senior Israeli official said, clearing the way for an end to the war which has killed thousands of people since it was ignited by the Gaza conflict 14 months ago.
Israel’s security cabinet is expected to convene later on Tuesday to discuss and likely approve the text at a meeting chaired by Prime Minister Benjamin Netanyahu, the official said.
Vodafone Idea shares end 9% higher, issues clarification on bank guarantees
Shares of Vodafone Idea Ltd. surged as much as 15%, the most since January 1, during Tuesday’s trading session. Trading volumes were 252% higher than the 20-day average.
The telco has issued a clarification with regards to reports of bank guarantees from the Department of Telecommunications (DoT).
Vodafone Idea said that it is yet to receive any communication from the DoT or the government about any decision taken in this matter.
Zomato CEO Deepinder Goyal extends waiver of ₹3.5 crore salary until end of FY26
Zomato CEO Deepinder Goyal has voluntarily extended his salary waiver of ₹3.5 crore until the end of the financial year 2026 (FY26). Originally, Goyal had announced in FY21 that he would forgo his salary for 36 months, lasting until FY24, the company’s qualified institutional placement (QIP) documents showed.
Exclusive | Mahindra’s new electric SUVs to offer up to 650 km range and 80% charge in 20 mins
The Mahindra Group is set to launch the BE 6e and XEV 9e SUVs, marking its boldest venture into electric vehicles to date. Sources indicate the new electric SUVs will feature ADAS Level 2+ for advanced safety and a 79 kWh battery pack, offering an estimated range of nearly 650 km on a single charge.
The manufacturer of iconic models such as the Scorpio, Thar, and XUV700 aims to position its new electric vehicles against top luxury car brands. As reported by CNBC-TV18 on October 31, Mahindra has hired a dedicated sales team of 500 professionals to promote these cars at dealerships nationwide.
Ola Electric prices its new bikes S1 Z and Gig aggressively starting at just ₹59,999 and ₹39,000
Ola Electric, led by Bhavish Aggarwal, on Tuesday (November 26) announced its latest offerings, the Ola S1 Z and Gig range of electric scooters, priced from ₹39,000.
Designed for affordability and accessibility, these models come with an innovative portable battery pack, the Ola PowerPod, which also functions as a home inverter.
Maharashtra CM Shinde resigns, to act as caretaker chief minister
Maharashtra Chief Minister Eknath Shinde resigned on Tuesday (November 26). He met Governor CP Radhakrishnan and tendered his resignation following assembly elections result.
The governor asked Shinde to act as a caretaker chief minister till a new CM is sworn in.
Imran Khan supporters breach lockdown in Islamabad, six officials killed, over 100 injured
Supporters seeking the release of imprisoned Pakistani former premier Imran Khan on Tuesday broke through a ring of shipping containers locking down the capital Islamabad. Four paramilitary personnel and two policemen have been killed and over 100 security personnel injured prompting the federal government to deploy the army in the national capital along with shoot at sight orders on Tuesday, state-run media said.
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