States will remain "net gainers" of the proposed GST rate rationalisation exercise with their GST revenues, including devolution, estimated to be over Rs 14.10 lakh crore this fiscal, according to an SBI Research report released on Tuesday. It said that, as was evidenced in the earlier exercise of GST rate rationalisation in 2018 and 2019, an immediate reduction in rates can cause a short-term dip of around 3-4 per cent in month-on-month collections (roughly Rs 5,000 crore, or an annualised Rs 60,000 crore), revenues typically rebound with sustained growth of 5-6 per cent per month.
Jadavpur University has formed a committee to investigate a controversy involving a student wearing a hijab during an exam. Allegations of Islamophobia have been made, which faculty members deny.
Google on Tuesday announced funding support of USD 8 million to India's AI Centers of Excellence for health, agriculture, education, and sustainable cities, and committed USD 4,00,000 to support development of India's health foundation model.
Who are the biggest world wanderers?
Stock markets are likely to trade in a range-bound manner in a holiday-shortened week where trading activity of foreign investors, currency movement and global macroeconomic data announcements are expected to drive sentiments, analysts said. Several global markets may see subdued activity on account of Christmas and New Year holidays, an expert said.
The rupee slumped 5 per cent in 2025 as persistent capital outflows from foreign investors, alongside heightened dollar demand from importers, making it one of the worst-performing Asian currencies.
Make the most of the festive period with these 8 easy, evidence-based strategies designed to help you keep the extra kilos at bay.
'For the initial decade, I consistently advise young professionals to prioritise career development and income growth rather than market analysis.'
India is set to take its first steps towards its own human space flight when the uncrewed Gaganyaan mission soars to the skies later this year. Private players in the space sector are also gearing up for launching satellites on home-built rockets.
ISRO is developing a third launch pad at Shriharikota to accommodate heavier satellites and next-generation launch vehicles. The new facility will support both crewed and uncrewed missions.
A single cup of chopped pineapple delivers a generous dose of vitamin C, covering well over three quarters of the daily requirement. Because C is an antioxidant vital for protecting cells, improving iron absroption and supporting collagen production, pineapple is a vauable fruit.
Silver prices extended their record-breaking rally for a sixth straight session on Monday, surging 6 per cent to touch a lifetime high of Rs 2,54,174 per kilogram in futures trade amid strong investor demand and bullish global trends. On the Multi Commodity Exchange (MCX), silver futures for March delivery surged Rs 14,387, or 6 per cent, to hit a new record of Rs 2,54,174 per kilogram.
Mundane as it may seem, this is in some ways a metaphor for the challenges facing the nation, argue Arvind Subramanian and Devesh Kapur in their new book, A Sixth Of Humanity.
Among Sensex firms, Infosys, Bharti Airtel, Adani Ports, Sun Pharma, Tech Mahindra, Eternal, Axis Bank and Maruti were the major laggards. However, ITC, UltraTech Cement, Tata Steel and HDFC Bank were among the gainers.
Zohran Mamdani, of Indian descent, was sworn in as the 112th Mayor of New York City, marking a historic moment as the first South Asian and Muslim to hold the position. The ceremony took place in an old subway station, symbolizing a new era for the city.
Amar Subramanya's appointment comes as John Giannandrea, Apple's senior vice-president for machine learning and AI Strategy, prepares to step down, transitioning to an advisory role before retiring in spring 2026.
A comprehensive study by AIIMS, Delhi, found no evidence linking COVID-19 vaccination to sudden deaths in young adults, emphasizing the safety of the vaccines and highlighting coronary artery disease as a leading cause of sudden death.
Passive funds have resumed gaining ground in the mutual fund (MF) industry after a slowdown in 2024, with their share of assets under management (AUM) reaching an all-time high in 2025. The surge has been driven largely by robust inflows into gold and silver exchange-traded funds (ETFs).
Gold prices surged by Rs 4,000 to touch an all-time high of Rs 1,37,600 per 10 grams in the national capital on Monday, tracking firm global cues, according to the All India Sarafa Association. The precious metal of 99.9 per cent purity had closed at Rs 1,33,600 per 10 grams on Friday.
WPI inflation data, trading activity of foreign investors and global cues would dictate trends in the stock market this week, analysts said.
The largest tranche came in July, in the wake of Operation Sindoor, with the DAC according acceptance of necessity -- or initial approval -- for 10 capital acquisition proposals amounting to approximately 1.05 trillion through indigenous sourcing.
From the 30-Sensex firms, InterGlobe Aviation, Sun Pharma, Asian Paints, Reliance Industries, Hindustan Unilever, and Tata Steel were among the biggest laggards. However, Trent, UltraTech Cement, Maruti, and Power Grid were among the gainers.
University College London has recorded a 19 per cent and 26 per cent rise in undergraduate and postgraduate students from India for the 2026 term, indicating a preference for the UK over the US at a time when Indian students are facing visa uncertainties in US-based institutions.
Coforge's planned $2.35 billion all-stock acquisition of US-based Encora has divided the Street, with a few brokerages terming it a "strategically positive" but execution-heavy bet while others raising valuation concerns.
The Supreme Court has taken suo motu cognisance of the controversy surrounding the definition of Aravalli hills and is scheduled to hear the matter. The court had previously accepted a uniform definition and banned fresh mining leases in the area.
Foreign investors pulled out Rs 17,955 crore (Rs 2 billion) from Indian equities in the first two weeks of this month, taking the total outflow to Rs 1.6 lakh crore (Rs 18.4 billion) in 2025.' This sharp withdrawal follows a net outflow of Rs 3,765 crore in November, extending the pressure on domestic equity markets.
From the 30-Sensex firms, Trent, Infosys, Bharti Airtel, Tech Mahindra, Bharat Electronics and Maruti were among the biggest gainers. However, State Bank of India, Kotak Mahindra Bank, Larsen & Toubro and Titan were the laggards.
On Tuesday, December 2, 2025, the Defence Research and Development Organisation successfully conducted a high-speed rocket-sled test of a fighter aircraft escape system at the Rail Track Rocket Sled facility at the Terminal Ballistics Research Laboratory in Chandigarh.
Around 10 per cent of the world's population now uses the AI tool. For what though?
'I don't see how a company like OpenAI can honestly expect to generate revenue significant enough to maintain its spending habits via John and Jane Q. Public,' points out Sree Sreenivasan.
Gold and silver prices are poised to maintain their record-setting rally in the coming week as investors focus on global inflation data and key macroeconomic indicators that shape central bank policy paths, analysts said.
From a surge in startups to crewed mission preparations, 2025 marks a transformative year as India eyes $44 billion space economy by 2033.
rediffGURU Patrick Dsouza discusses how to pick the right management course that will help you boost your career.
Among Sensex firms, Sun Pharma, Tata Steel, Power Grid, Asian Paints, NTPC and Bharti Airtel were the biggest laggards. Tata Consultancy Services, Tech Mahindra, Infosys, Adani Ports, Axis Bank and HCL Tech were among the gainers.
In its annual report to Congress on Tuesday on 'Military and Security Developments Involving the People's Republic of China 2025', the US Department of War said the People's Liberation Army (PLA) is actively considering and planning for additional military facilities.
Union Environment Minister Bhupender Yadav accuses the Congress of spreading misinformation regarding the new definition of the Aravallis and defends the government's commitment to protecting the mountain range while allowing limited, legal mining.
India is bidding to become an Olympic host in 2036 and the International Olympic Committee has made it clear that the country will have to considerably improve its current doping record.
The stock of the country's largest beer maker, United Breweries (UBBL), is trading at 25-month lows given multiple headwinds related to volumes, regulatory issues, and margin trajectory. After a muted second quarter (July-September) of 2025-26 (Q2FY26), brokerages also expect the company's Q3FY26 performance to be underwhelming.
In November, six primary market issuances accounted for more than 13,000 crore of net equity investments by MFs.
Stay somewhere that's as memorable as your destination, and India's got plenty of surprises!
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