News Headlines 27 November 2025: Read Today’s Banking, Finance, Economy, Business News
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News Headlines 27 November 2025
India and Venezuela Strengthen Ties in Trade, Technology, and Mining Cooperation
India and Venezuela held their 5th Foreign Office Consultations in New Delhi, agreeing to expand collaboration in trade, health, pharmaceuticals, digital technology, agriculture, development partnership, and cultural exchanges. Both nations discussed regional and global issues and committed to closer coordination in multilateral forums. Venezuela also showed interest in deepening economic ties beyond the oil sector, including critical minerals and Indian investments. The next round of consultations will take place in Caracas.
India’s LPG Consumption Rises 44% Since 2017; Import Dependence Remains High
India’s LPG consumption has increased to 31.3 MMT in FY25 from 21.6 MMT in FY17 and is expected to reach 33–34 MMT in FY26, driven by wider household access and higher refill usage. PMUY households now average 4.5 refills a year, while non-PMUY users maintain 6–7 cylinders annually. Commercial and industrial LPG usage has also grown to 16% of total demand.
However, domestic production has not kept pace with demand, leading India to rely on imports for 55–60% of its LPG needs. A new long-term India–US LPG deal aims to diversify supply sources, though freight-linked costs may affect oil marketing companies.
Tesla Opens First All-in-One Tesla Centre in Gurugram as Part of India Expansion
Tesla has announced its first integrated Tesla Centre in Gurugram, bringing retail, after-sales service, vehicle delivery, and charging facilities under one roof. Opening on November 27 at Orchid Business Park, the hub aims to support the growing community of Tesla owners in northern India. The centre will offer Model Y test drives, feature advanced V4 Superchargers, and display the Optimus Gen 2 robot. With this launch, Tesla expands its footprint to multiple cities and strengthens its charging network across India.
Apple Set to Become World’s Top Smartphone Maker in 2025, Surpassing Samsung: Report
Apple’s smartphone shipments are projected to reach a global market share of 19.4% in 2025, making it the world’s largest smartphone company for the first time since 2011, according to Counterpoint Research. Strong demand for the iPhone 17 series and a major upgrade cycle are driving the surge. Samsung’s shipments are also expected to grow, but its market share may fall to 18.7%, pushing it to second place after more than a decade at the top. Global smartphone shipments are expected to rise 3.3% in 2025.
Cabinet Approves ₹9,857 Crore for Pune Metro Line 4 and 4A Under Phase 2
The Union Cabinet has approved two new Pune Metro corridors—Line 4 (Kharadi–Hadapsar–Swargate–Khadakwasla) and Line 4A (Nal Stop–Warje–Manik Baug)—with a budget of ₹9,857.85 crore. Spanning over 31 km with 28 elevated stations, these new lines will expand Pune Metro’s network beyond 100 km, improve connectivity across key IT hubs, commercial areas, and residential zones, and integrate with existing lines at Swargate, Nal Stop, and Kharadi Bypass. The project, to be implemented by Maha-Metro within five years, is expected to serve over 4 lakh daily passengers by 2028, rising to more than 11 lakh by 2058.
IMF Flags Deep Vulnerabilities as Bangladesh Economy Faces Slowdown and Rising Financial Stress
Bangladesh’s economy has entered a fragile phase, marked by slowing growth, rising inflation, weakening investor confidence, and a stressed banking system, according to IMF’s latest country report and local media analysis. GDP growth has fallen to 3.97% in FY25, poverty is projected to rise, and non-performing loans have surged to the highest level in Asia. Inflation, job losses, and weak investor sentiment have further strained households and businesses. Export earnings, especially from the garment sector, have declined for three straight months, highlighting growing pressure on the country’s key industries.
Lower-Income States Show Stronger Growth as India Enters ‘Convergence’ Phase: HSBC Report
India’s lower-income states such as Assam, Uttar Pradesh, Rajasthan, and Bihar are recording faster growth supported by higher public capital expenditure, signalling early signs of “growth convergence” after the pandemic, according to HSBC Global Investment Research. The report says states with lower per capita income can grow rapidly if fiscal conditions are supportive and capex remains strong. While central resource transfers have boosted state spending in recent years, slowing tax revenue growth at the centre and rising welfare schemes remain key risks. With consumption improving, India’s GDP is projected to grow at 6.5% by FY28.
UIDAI Deactivates Over 2 Crore Aadhaar Numbers of Deceased Individuals in Major Database Clean-Up
The UIDAI has deactivated more than 2 crore Aadhaar numbers belonging to deceased individuals as part of a nationwide effort to improve database accuracy and prevent identity fraud, the IT Ministry said. The authority identified deceased persons using data from RGI, state governments, PDS, and social assistance programmes, and is planning to collaborate with banks for future updates. UIDAI clarified that Aadhaar numbers are never reassigned, and urged families to report deaths through the myAadhaar portal, where the deactivation process is verified and completed.
Mall Operators Expected to See 12–14% Revenue Growth in FY25 on Strong Occupancy and Expansion: Crisil
Mall operators in India are set to post 12–14% revenue growth this fiscal, following a 14% rise last year, supported by new mall additions, higher occupancy, and annual rental escalations, according to Crisil Ratings. Occupancy levels are expected to reach 94–95% over the next two years, driven by expansions in Tier-2 cities and strong consumer demand. With rising retail space and stable balance sheets, the sector is projected to maintain double-digit growth and stable credit profiles through FY27.
Luxury Housing Prices Surge 40% in Top Indian Cities as High-End Demand Outpaces All Segments
Luxury housing in India’s top seven cities has seen a sharp rise in demand and prices, with average rates for homes above ₹1.5 crore increasing 40% between 2022 and 2025, according to ANAROCK. Delhi-NCR led the surge with a 72% jump, followed by Mumbai and Bengaluru. In comparison, affordable and mid-segment homes saw much lower price growth. Nearly 30% of all residential sales from January to September were in the luxury segment, driven by demand for larger homes, prime locations, and branded developers.
Pakistan Tightens Foreign Currency Rules, Requiring Direct Transfers to FCY Accounts
Pakistan’s central bank has ordered that all foreign currency sales to residents must be deposited directly into their foreign currency (FCY) accounts through account-to-account transfers, eliminating the option to receive cash dollars. The move aims to curb dollar outflows and prevent hoarding, but exchange companies warn it will disadvantage independent money changers and benefit bank-owned outlets. The new system may also lead to delays, with interbank transfers taking up to 20–25 days for some currencies, creating difficulties for citizens who lack FCY accounts or face complex banking procedures.
HP to Cut Up to 6,000 Jobs Globally by 2028 Amid AI-Driven Restructuring
HP Inc has announced plans to lay off between 4,000 and 6,000 employees worldwide by fiscal 2028 as part of a major restructuring focused on increasing AI adoption and streamlining operations. The company expects the move to speed up product development, enhance customer support, and save about $1 billion over three years. The layoffs come amid a renewed wave of job cuts across the tech industry, with over 1.1 million employees laid off by 237 companies so far in 2025.
Government Clears ₹7,280 Crore Scheme to Boost Rare Earth Magnet Manufacturing
The government has approved a ₹7,280 crore scheme to promote domestic production of Rare Earth Permanent Magnets (REPM), aiming to reduce India’s dependence on China for critical components used in electronics, electric vehicles, and automotive industries. The initiative will help build a strong local supply chain and support high-tech manufacturing across key sectors.
Government Likely to Offer 2.5–3% Subsidy Under Interest Equalisation Scheme for Exporters
The government is expected to provide a 2.5–3% subsidy on pre- and post-shipment credit for exporters under the Interest Equalisation Scheme, an official said. The updated scheme details are likely to be announced next week, with annual benefits capped at ₹50 lakh per exporter.
Airtel Promoter to Sell ₹7,100 Crore Stake via Block Deal; Strong Q2 Results Support Market Confidence
Indian Continent Investment Limited, a key promoter of Bharti Airtel, has launched a ₹7,100 crore block deal to sell 34.3 million shares at a 3% discount to the last closing price. The move will reduce its stake to below 1%. Bharti Airtel recently reported strong quarterly results with a 14% rise in net profit, improved EBITDA margins, and higher ARPU. Market analysts expect further growth driven by premium subscribers and possible tariff hikes, with free cash flow projected to reach ₹1 lakh crore between FY26 and FY27.
Rupee Rebounds After RBI Intervention but Remains One of Asia’s Weakest Performers in 2025
The Indian rupee strengthened to 89.23 against the US dollar on Monday after hitting a record low of 89.49, supported by aggressive RBI intervention in the forex market. Despite the recovery, the rupee is still among Asia’s weakest currencies this year, down over 4%. Analysts warn of continued pressure due to delays in a potential US–India trade agreement and rising imports of gold and silver. RBI data shows heavy dollar sales in recent months, with $7.9 billion sold net in September to stabilise the currency.
JP Morgan Warns Brent Crude Could Fall to Low $30s by FY27 Amid Massive Global Oversupply
JP Morgan has forecast that Brent crude prices may plunge into the low $30-per-barrel range by FY27 as global oil supply is expected to grow nearly three times faster than demand. Non-OPEC producers like the US, Brazil, and Guyana are driving a strong supply surge, supported by expanding offshore output and efficient shale production. With inventories rising sharply, the bank expects oil prices to fall below $60 in 2026 and average around $42 in 2027. While lower prices could benefit major importers like India, they may pressure high-cost producers and unsettle global energy markets.
S&P Raises India’s Growth Outlook to 6.5% for FY26, 6.7% for FY27 on Strong Consumption Demand
S&P Global Ratings expects India’s economy to grow 6.5% in FY26 and 6.7% in FY27, supported mainly by strong domestic consumption. Recent tax cuts, lower interest rates, and reduced GST on essential goods are boosting household spending, while a good monsoon is aiding rural incomes. Although inflation is projected to ease to around 3.2%, high US tariffs continue to pressure India’s export sector. S&P warns that weaker investments and trade challenges could limit long-term growth unless supported by policy reforms and improved external conditions.
