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On the corporate front, Vedanta shares surged after the Mumbai NCLT approved its long-awaited demerger plan, while quick-commerce startup Zepto moved closer to filing papers for a potential $800 million IPO. Globally, PayPal’s plan to set up a US bank, Ford’s pivot away from EVs, and Donald Trump’s $10-billion defamation lawsuit against the BBC made headlines. The day also featured developments in the Bondi Beach shooting probe and Cameron Green’s ₹25.2 crore IPL move to KKR.
Rupee slides to all-time low of 91 against dollar
The Indian rupee weakened past the 91-per-dollar level on Tuesday (December 16), extending losses for a fourth straight session as sustained foreign institutional investor (FII) outflows and the absence of a breakthrough in the India–US trade negotiations continued to weigh on sentiment.
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Govt passes bill in Lok Sabha to hike FDI in insurance sector to 100%
A bill seeking to raise FDI in the insurance sector to 100% was on Tuesday passed in the Lok Sabha amid strong protest from the Opposition. The Sabka Bima Sabki Raksha (Amendment of Insurance Laws) Act, 2025, seeks to amend Insurance Act, 1938, Life Insurance Corporation Act, 1956, and Insurance Regulatory and Development Authority Act, 1999, as per the bill circulated to members of Parliament.
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High drama in Parl: Priyanka, Oppn MPs protest dropping of Mahatma Gandhi's name from rural employment Bill
Congress leader Priyanka Gandhi and Opposition leaders on Tuesday, December 16, protested the removal of Mahatma Gandhi's name from the rural employment scheme introduced by the government in Lok Sabha.
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Vedanta demerger decks cleared after Mumbai NCLT approves plan; Stock surges
Shares of Vedanta Ltd. recovered from the day's low after the Mumbai bench of the National Company Law Tribunal (NCLT) approved the demerger plan of the company, that was long in the works.
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Zepto may file papers for up to $800 million IPO soon, sources say
Bengaluru-based quick commerce startup Zepto is preparing to file for an initial public offering (IPO) in December, possibly within the next few days, sources told CNBC-TV18. The proposed IPO is expected to raise about $750-800 million.
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PayPal applies to set up Utah-chartered bank to expand US lending, savings offerings
PayPal Holdings Inc said on Tuesday it has applied to US regulators to set up a bank in Utah, a move that would allow the digital payments firm to expand its lending and deposit-taking capabilities and reduce its dependence on third-party banking partners.
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Ford pares back EV push, pivots to gas and hybrids amid losses
Ford Motor Co said on Monday it is scaling back its once-ambitious electric vehicle strategy, pivoting toward gasoline-powered and hybrid models as mounting losses and weaker-than-expected consumer demand weigh on its EV business.
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Bondi Beach suspect father arrived in Philippines as 'Indian national': immigration
The father and son allegedly behind one of Australia's deadliest mass shootings spent nearly the entire month of November in the Philippines, authorities in Manila confirmed Tuesday,(December 16) with the father entering as an "Indian national".
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Trump sues BBC for $10 billion, accusing it of defamation over editing of president's Jan. 6 speech
President Donald Trump filed a lawsuit Monday seeking $10 billion in damages from the BBC, accusing the British broadcaster of defamation as well as deceptive and unfair trade practices.
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Cameron Green sold to KKR in IPL 2026 auction for ₹25.2 crore
Australian all-rounder Cameron Green has been sold to the Kolkata Knight Riders (KKR) for ₹25.2 crore in the Indian Premier League (IPL) 2026 mini-auction. Right from the very beginning, Green was touted to be the biggest draw at the Etihad Arena in Abu Dhabi on Tuesday.
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