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Telecom was back in focus as Minister Jyotiraditya Scindia said relief recommendations for Vodafone Idea may be finalised in the coming weeks, even as India recorded a striking 97% drop in spoof calls thanks to new anti-fraud systems. On the corporate front, Maruti Suzuki shares rose after November sales surged 26% and beat estimates, while VinFast confirmed plans to enter India’s booming electric two-wheeler market by 2026.
Globally, Airbus shares slipped sharply after reports of fresh quality issues on dozens of A320 jets, and across Southeast and South Asia, rescue and recovery operations continued after deadly flooding in Indonesia, Sri Lanka and Thailand.
Indian Rupee falls to a record low against USD — Here are the next important levels to watch
The Indian rupee made a new record low of 89.78 against the US Dollar on Monday, December 1. This, despite a very strong GDP print reported on Friday for the second quarter.
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India proposes new cess structure on pan masala, excise duty hike on tobacco products
The government has introduced two key tax reform bills to overhaul indirect levies on tobacco products and pan masala. Finance Minister tabled The Central Excise (Amendment) Bill, 2025 and the Health Security se National Security Cess Bill, 2025, proposing a restructuring of excise duties and cesses applied to the sector.
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Parliament Winter Session Highlights: Lok Sabha adjourned till 11 AM on Dec 2
The session will include 15 sittings and the introduction of 14 bills. Key proposals include the Atomic Energy Bill, the Higher Education Commission of India Bill, and major amendments to corporate, insurance, excise, and arbitration laws. A financial bill on health and national security cess is also expected.
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Govt may finalise Vodafone Idea relief recommendations in coming weeks: Scindia
Union Telecom Minister Jyotiraditya Scindia, in an exclusive interaction with CNBC-TV18 on Monday, said the government is awaiting a formal request from Vodafone Idea before moving ahead on any relief measures, adding that the Supreme Court judgement is recent and needs careful evaluation.
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India sees 97% fall in spoof calls, says Scindia as govt moves to mandate preloaded security app
Union Telecom Minister Jyotiraditya Scindia, in an exclusive interview with CNBC-TV18, said India has recorded a 97% fall in spoof calls, following the rollout of new digital-fraud detection systems.
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Maruti Suzuki India shares rise after November auto sales rise 26%, beat estimates
Shares of Maruti Suzuki India Ltd. gained as much as 1.5% on Monday, December 1, after it reported its monthly auto sales. The automaker reported total sales of 2.29 lakh units in November, above a CNBC-TV18 poll of 2.13 lakh units. This was also 26% more than its total sales of 1.82 lakh units in November last year.
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VinFast plans India entry in electric two-wheeler market by 2026
Vietnamese electric vehicle maker VinFast is preparing to enter India’s fast-growing electric two-wheeler market by 2026, with the company confirming that it will begin product testing and market studies before finalising which models to launch.
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Airbus drops on report of quality issues on dozens of A320s
Airbus slumped the most since April after Reuters reported the company is facing quality issues on its A320 model, adding to concerns surrounding the popular model following an emergency software update on the jets over the weekend.
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Flooding recovery efforts underway in Indonesia, Sri Lanka, Thailand as death tolls rise
Recovery and aid efforts are underway in parts of Southeast Asia and South Asia where the full number of dead and missing are not yet known after heavy rains and flooding left a devastating toll in the past week.
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We'll see you on Tuesday with another engaging 'Top 10@10.
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