Top 10@10 — CNBC-TV18’s daily newsletter featuring the top 10 stories on markets, corporate updates, economic insights, and financial highlights — delivered at 10 pm.The market’s mood soured further today as the Indian rupee extended its slide, hitting yet another record low near 90 per dollar. The Sensex and Nifty logged their third straight day of losses, dragged down by heavyweights even as midcaps attempted a mild recovery. Globally, risk sentiment took a hit after Bitcoin saw its steepest single-day drop in seven months on Monday, fuelling fresh chatter of a looming “crypto winter.”
Back home, the tech-policy debate intensified with Telecom Minister Jyotiraditya Scindia defending the controversial directive to pre-load the Sanchar Saathi app, even as smartphone makers and civil society questioned transparency and user rights. Meanwhile, Meesho’s IPO momentum surged, with the anchor book seeing 32x demand led by marquee global investors.
A very different story played out in the auto space, where the government’s EV manufacturing incentive scheme has seen no takers for 14 months, with companies flagging tough investment thresholds. In Parliament, Opposition protests stalled Lok Sabha proceedings for a second day. On the global stage, Putin and US envoy Steve Witkoff pushed forward Ukraine peace talks, even as Sri Lanka and Indonesia grappled with deadly climate-linked disasters, together reporting over a thousand casualties.
Indian Rupee falls to a new record low of 89.95 against the US Dollar; Here’s what experts said
India’s currency, the rupee, fell to a new record low of 89.95 against the US Dollar, on Tuesday, December 2, breaking past its previous record low of 89.78, which it fell to on Monday.
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Nifty holds 26,000 but ends lower for third straight day, Sensex down 500 points
The Sensex dropped 504 points to 85,138, while the Nifty declined 144 points to 26,032, with more than 35 Nifty stocks ending in the red. Losses in Reliance Industries, HDFC Bank and ICICI Bank weighed heavily on the benchmarks.
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Crypto market slides as bitcoin sees sharpest one-day drop since March
Cryptocurrencies extended their decline over the past 24 hours, with Bitcoin witnessing its biggest single-day fall since March. The overall crypto market capitalisation has now slipped below $3 trillion, from the $4.4 trillion all-time high reached earlier this year, signalling a strong pullback in investor interest.
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India orders smartphone makers to preload state-owned cyber safety app
India’s telecoms ministry has privately asked smartphone makers to preload all new devices with a state-owned cyber security app that cannot be deleted, a government order showed, a move likely to antagonise Apple and privacy advocates.
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Lok Sabha to take up debate on Vande Mataram on Monday; electoral reforms on Tuesday: Rijiju
The Lok Sabha will take up a debate on the 150th anniversary of National Song ‘Vande Mataram’ on Monday and on electoral reforms on Tuesday, Parliamentary Affairs Minister Kiren Rijiju said.
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US envoy Witkoff and Kushner arrive in Moscow to meet Putin on ending war in Ukraine
U.S. President Donald Trump’s special envoy, Steve Witkoff, and son-in-law Jared Kushner were due to meet Russian President Vladimir Putin on Tuesday for talks on a possible way to end the war in Ukraine.
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Apple resists mandatory Sanchar Saathi preload, likely to explore middle ground with govt
Apple does not plan to comply with the government’s mandate to pre-install the state-owned Sanchar Saathi cyber safety app on its smartphones, Reuters reported, citing sources — though company sources told CNBC-TV18 that Apple will likely work with the government to find a middle ground, similar to its negotiations in Russia.
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India gets zero applications for electric car manufacturing scheme: MHI to Parliament
The government has not received any applications for the Scheme for Promotion of Manufacturing Electric Cars in India, the Ministry of Heavy Industries informed Parliament.
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More than 1,200 dead from floods in Indonesia, Sri Lanka and Thailand as rescue efforts intensify
Days of heavy monsoon rains inundated vast areas, leaving thousands stranded and many clinging to rooftops waiting for help. The flooding and landslides killed at least 1,230 people, with 659 people confirmed dead in Indonesia, 390 in Sri Lanka and 181 in Thailand, authorities said Tuesday.
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Former Pakistan PM Imran Khan’s sister allowed to meet him in Adiala Jail
The Pakistan government on Tuesday allowed Imran Khan’s sister to meet him in prison after a large number of party supporters gathered outside Rawalpindi’s Adiala Jail following speculation over his health and well-being.
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