Succession planning in promoter led Indian companies must be viewed through a commercial and generational standpoint, not a narrow, technical one. (AI image) By Varun SriramIn the last several years, across India’s listed company backdrop, a subtle but significant shift has been underway in how promoter families are viewing succession planning. As first and second-generation…
US stocks edged lower on Friday as a turbulent week marked by tariff threats and reversals headed toward a calmer finish, with investors turning cautious amid limited clarity on trade and geopolitical signals.In early trade, the S&P 500 slipped 0.1%, while the Dow Jones Industrial Average fell 258 points, or 0.5%, AP reported. The Nasdaq…
The rupee slid to an all-time low of 92 per US dollar on Friday before recovering marginally to settle at 91.88 (provisional), pressured by sustained selling from foreign funds, weak domestic equity markets and a risk-off mood in global markets, PTI reported.At the interbank foreign exchange, the domestic unit opened at 91.45 against the greenback…
Indian Oil Corporation (IOC), the country’s largest refiner, has purchased around 7 million barrels of crude oil for March loading, including supplies from Brazil’s Petrobras, as refiners continue to scale down dependence on Russian oil and diversify sourcing toward other regions, Reuters reported citing trade sources.The purchases come amid a broader recalibration by refiners to…
Market participants said sentiment was further undermined by a shift towards safe-haven assets and persistent foreign fund outflows. (AI image) It’s a bloodbath on Dalal Street! Indian stock market indices, Nifty50 and BSE Sensex, have crashed over 2% this week, leading to investors losing over Rs 16 lakh crore. Even as US President Donald Trump’s…
MUMBAI: Payments infrastructure startup Juspay has raised a fresh $50 million in funding from new investor WestBridge Capital at a valuation of $1.2 billion, becoming the first unicorn of the year. The investment includes a mix of primary and secondary transactions, the company said in a statement on Friday. In a secondary deal, a firm’s…
Gold and silver futures powered to fresh lifetime highs on Friday as investors doubled down on safe-haven assets, tracking record international prices amid a weaker US dollar and rising expectations of interest rate cuts by the Federal Reserve.On the Multi Commodity Exchange (MCX), gold for February delivery jumped Rs 2,885, or 1.84 per cent, to…
MUMBAI: IndusInd Bank swung back to profit in the December quarter, reversing a September-quarter loss, but earnings stayed sharply lower year-on-year as the lender shrank its balance sheet and absorbed higher provisions. It posted a net profit of Rs 128 crore for Q3 FY26, against a Rs 437 crore loss in Q2. A year earlier,…
With gold and other assets accounting for a growing share of reserves, India’s strategy echoes steps taken by bigger holders such as China. (AI image) In a big shift for one of the top five largest economies, India’s holdings of US Treasuries have seen a drop, sliding to the lowest level in five years. The…
With India’s foreign exchange reserves rebounding sharply during the week, the country’s overall forex buffer rose by $14.167 billion to $701.36 billion in the week ended January 16, RBI data showed on Friday.The increase follows a relatively modest rise of $392 million in the previous week, when total reserves had edged up to $687.193 billion.While…
