Trump's travel ban, Rupee's recovery, Dow Jones falls, Gold-Silver juggernaut, Ola's decline and more

Trump expands travel ban and restrictions to 20 more countries

The Trump administration announced on December 16 that it was expanding travel restrictions to an additional 20 countries and the Palestinian Authority, doubling the number of nations affected by sweeping limits announced earlier this year on who can travel and emigrate to the US.

Read More

Rupee rebounds over 1% as RBI intervention, dollar unwinding lift sentiment

The rupee recovered sharply against the US dollar on Wednesday (December 17), rising more than 1% during the session, after the Reserve Bank of India (RBI) intervened in the foreign exchange market to curb volatility

following four straight sessions of all-time lows.

Read More

Dow Jones falls over 300 points after jobs report; Tesla aids Nasdaq recovery

Benchmark indices on Wall Street had a mixed session on Friday as investors digested a deluge of economic data, including the November non-farm payrolls. The Dow Jones ended with losses of over 300 points and is now down over 800 points from last Friday's record high level of close to 49,000.

Read More

Kaynes Semicon announces strategic partnerships with Mitsui & Co & AOI Electronics to strengthen India’s semiconductor ecosystem

Kaynes Semicon Private Limited, a wholly owned subsidiary of Kaynes Technology India Ltd, has entered into strategic partnerships with Japan’s AOI Electronics Co., Ltd. and Mitsui & Co., Ltd. as it steps up preparations for its semiconductor manufacturing foray in India, according to a stock exchange filing.

Read More

Gold, silver and copper to lead commodity rally in 2026; crude seen range-bound: Experts

Gold, silver and copper are expected to lead the next leg of the commodity rally in 2026, supported by structural supply constraints, strong investor demand and themes such as electrification and artificial intelligence, while crude oil is likely to remain range-bound, according to senior commodity strategists at BofA Securities and Standard Chartered.

Read More

Bhavish Aggarwal sells 0.6% in Ola Electric at over 50% discount to IPO price

Within less than two years of offloading 4.7 crore shares in Ola Electric Mobility Ltd through the primary market, Bhavish Aggarwal, founder of Ola Electric, sold another 2.6 crore shares via a block deal on Tuesday, December 16, at an average price of ₹34.99 per share.

Read More

IPL 2026 Auction: Full list of sold and unsold players with teams and prices

The IPL 2026 auction, held in Abu Dhabi on Wednesday, delivered several big-ticket buys as franchises reshaped their squads ahead of the new season. Kolkata Knight Riders emerged as the most aggressive bidders, landing Cameron Green for ₹25.20 crore, making him the costliest player of the auction.

Read More

Government to sell up to 3% equity in Indian Overseas Bank via OFS

The government of India, through the Department of Financial Services, on Tuesday (December 16) announced an offer for sale of up to 3% equity in Indian Overseas Bank through the stock exchange mechanism.

Read More

Kevin Hassett backs Federal Reserve independence as Donald Trump weighs Powell successor

National Economic Council Director Kevin Hassett, one of the contenders to succeed Jerome Powell as Federal Reserve chair, on Tuesday (December 16) voiced support for the central bank's independence, even as US President Donald Trump moves closer to naming a replacement.

Read More

Rupee’s fall is far worse than it looks: Focusing only on the dollar masks real depreciation, says Devina Mehra

The Indian rupee’s slide past the psychological 91-per-dollar mark has once again put the currency under sharp focus. While the move from 90 to 91 has unfolded in just 10 trading sessions, market experts caution that the true extent of the rupee’s weakness is being underestimated by an excessive focus on the US dollar alone.

Read More