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India's power distribution companies must embrace intelligent, reliable, and consumer-focused networks through technology and enhanced engagement, stated Power Minister Manohar Lal Khattar. He urged DISCOMs to collaborate with stakeholders to accelerate smart distribution systems, emphasizing consumer trust and addressing misinformation for wider adoption of AI and ML solutions....

The UIDAI is introducing a new rule mandating registration for entities seeking offline Aadhaar verification, aiming to eliminate paper-based practices like hotels collecting photocopies. Registered entities will gain access to new technology, including QR code scanning and a forthcoming Aadhaar app, for secure, paperless verification. This initiative enhances user privacy and aligns with data protection regulations....

Elon Musk denied reports that SpaceX is seeking an $800 billion valuation in a share sale, stating the company has been cash flow positive for years and conducts regular stock buybacks. This denial follows claims that SpaceX was set to reach this valuation, which would make it the most valuable private US company, surpassing OpenAI....

Indian paint companies are anticipating a stronger December quarter, with demand showing signs of revival after a monsoon-affected period. Executives foresee improved volumes and margins, aided by favorable raw material prices and seasonal factors. Despite intense competition from new players, a robust festive season and marriage demand are expected to boost performance....

President Donald Trump's "America First" tariff policy has led to record revenue collections, but economic data reveals Americans bear the brunt of the costs. Tariffs are increasingly passed on to consumers and businesses, raising prices and contradicting claims of foreign payment, if rules of economics are studies. This strategy creates a dilemma between political popularity and growing economic burdens on households....

AceVector, backed by SoftBank, has filed updated IPO papers with Sebi, aiming to raise Rs 300 crore through a fresh share issue. Existing shareholders will also sell 6.38 crore shares. Proceeds will bolster technology, marketing, and acquisitions for its e-commerce ventures, including Snapdeal. The company reported strong revenue growth and reduced losses....

Gold prices are poised for gains this week, driven by anticipation of a US Federal Reserve interest rate cut and sustained central bank buying. A weaker rupee further bolsters domestic gold prices, making it more expensive in Indian currency. Meanwhile, silver continues its impressive rally, hitting record highs due to robust industrial demand and tight supplies....

State Bank of India's mortgage loan book surpassed Rs 9 lakh crore in November, with strong performance in retail, agriculture, and MSME segments. The bank has raised its credit growth guidance to 14% for FY26, driven by robust demand across its loan portfolios. SBI anticipates funding growth without additional equity capital for the next five to six years....

Indian airports witnessed passenger distress as IndiGo faced widespread flight cancellations and delays due to pilot shortages following new duty rules. Stranded travelers expressed anger and desperation, with major hubs severely impacted. IndiGo is working to stabilize operations, aiming for network recovery by mid-December, while the DGCA investigates planning failures....

Wakefit Innovations has secured Rs 186 crore from investors like Steadview Capital ahead of its IPO, with shares acquired from existing shareholders. The home furnishings giant also garnered Rs 580 crore from anchor investors. The company's Rs 1,289 crore IPO includes a fresh issue for expansion and an offer for sale....

Foreign investors offloaded Rs 11,820 crore from Indian equities in the first week of December, primarily due to a depreciating rupee and global year-end portfolio adjustments. Despite this, domestic institutional investors stepped in, buying Rs 19,783 crore worth of equities. The RBI's rate cut and improved growth forecast offered a brief respite, with attention now on global monetary policy shifts....

Despite a muted market, five of the top ten most valued companies saw their market capitalization expand last week, adding a combined Rs 72,284.74 crore. Tata Consultancy Services and Infosys led the gains, while Reliance Industries experienced the steepest erosion in value....

Asian companies and governments are increasingly tapping European markets for billions in bond issuance, seeking alternatives to US dollar funding amidst trade tensions and shifting investor confidence. This strategic diversification, driven by lower costs and a desire to move away from dollar concentration, signals a potential shift in global capital raising dynamics....

China's economic rise, dubbed the "China Shock," is entering a new phase with advanced technologies like EVs and semiconductors. This "China Shock 2.0" threatens global manufacturing jobs and economic leadership, driven by China's industrial policy and dominance across key supply chains. Nations face a critical challenge in coordinating a response to prevent irreversible Chinese dominance....

The internet is drowning in content that looks like content but feels like chewing cardboard — tasteless, textureless, and suspiciously repetitive. Welcome to the slopocalypse....

India is sending accident investigators to Washington to review data and present their analysis on the June Air India crash. The Aircraft Accident Investigation Bureau will join the NTSB and Boeing representatives in a review meeting. This follows reports of tension between Indian and US authorities over the investigation's conduct....

IndiGo is grappling with a major operational crisis. Hundreds of flights are cancelled daily, stranding passengers. The aviation regulator has issued show cause notices to the airline's top executives. IndiGo is ordered to process refunds and deliver baggage promptly. Passengers are demanding action under consumer protection laws. The airline is working to stabilize operations and assist customers....

India's Multiplex Association warns that Netflix's acquisition of Warner Bros. Discovery could harm the country's theatrical ecosystem. The shift threatens the supply of films crucial for cinema footfall, as Netflix prioritizes streaming over theatrical releases. While immediate impact may be limited, the merger raises concerns about content availability and theatrical windows....

Air India is offering relief to travelers affected by IndiGo flight cancellations. The airline announced a special waiver on change and cancellation fees for eligible domestic bookings. This applies to tickets booked on Air India or Air India Express by December 4 for travel up to December 15....

IndiGo is recovering from massive flight cancellations, operating over 1500 flights today after a Friday with 1600 disruptions. New pilot duty rules caused the chaos, impacting over 1,000 flights. The airline has received temporary relief from DGCA. Passengers can track flight and refund status online, with refunds mandated by Sunday evening....