The Economic Times
The Economic Times The crypto industry spent more than $130 million on the election. It paid off.
The cryptocurrency industry heavily invested $135 million in the recent U.S. elections, aiming to elect pro-crypto candidates. Their efforts proved successful, with a significant number of endorsed candidates, including Bernie Moreno who defeated a prominent crypto-skeptic senator, securing victories.
The Economic Times Supreme Court orders liquidation of Jet Airways on failure of resolution plan
Jet Airways Liquidation: The Supreme Court has ordered the liquidation of Jet Airways, rejecting a takeover bid by Kalrock Capital and Murari Lal Jalan. The court found the NCLAT's approval of the bid disregarded a previous Supreme Court ruling and determined liquidation to be in the best interest of lenders and employees.
The Economic Times Indian IT companies brace for tighter visa guidelines
Donald Trump's potential second term as US president could see stricter immigration policies, impacting Indian IT firms reliant on H-1B visas. Despite these firms reducing visa dependency, experts predict tighter regulations and potential hurdles for international workers under a new Trump administration.
The Economic Times IFC commits $ 400 mn to Bajaj Finance to help boost climate finance, empower women
IFC, a member of the World Bank Group, has committed USD 400 million (about Rs 3,300 crore) to help expand access to finance for customers opting to buy EVs and energy efficient consumer goods as well as support women-owned microenterprises.
The Economic Times Sanathan Textiles gets Sebi nod for Rs 800 crore IPO
Sanathan Textiles received the nod from Sebi for its Rs 800 crore IPO. The company is one of the few with a presence across polyester, cotton, and technical textile sectors. The IPO comprises a fresh issue of Rs 500 crore and an offer for sale of Rs 300 crore by promoters.
The Economic Times India Inc CFOs embrace strategic optimism amid global challenges, see resilient growth over next 12 months
While global risks such as geopolitical instability, oil price volatility, and supply chain disruptions remain major concerns, the business community is focused on leveraging innovation, government policies, and strategic investments to fuel growth. With a concerted emphasis on resilience, adaptability, and sustainability, India Inc. remains optimistic about continuing the country’s upward economic trajectory.
The Economic Times INDIA RUPEE-Indian rupee drops to all-time low on bullish dollar outlook
Indian rupee drops to all-time low on bullish dollar outlook
The Economic Times How Musk's clout with Trump could enrich his companies
Musk contributed at least $119 million to a pro-Trump spending group, federal records show. A Trump administration, influenced by Musk, is expected to push for softer regulations on this front, according to four SpaceX sources familiar with its regulatory strategy.
The Economic Times ‘America first’ policy may revive trade tussle over tariffs
Trump’s “America First” policy could reignite a trade war between Washington and Beijing. Some experts, however, see a window of opportunity for India to ramp up its supplies to the US. This is because Trump has vowed to punish China with much higher tariffs than other nations to restore bilateral trade balance. Also, given its more domesticallyoriented economy, India would be less vulnerable to higher tariffs than China, Barclays said in a report on Wednesday. “We estimate Trump’s tariff proposals would subtract 2% from China’s GDP – and greater pain on the more open economies in the rest of the region.”
The Economic Times Trump 2.0: More money may venture into Indian startups
Trump’s stance against China could be ultimately beneficial for the Indian venture ecosystem, which could be a preferred geography for long-term investment funds. “There will be some policy clarity with the Republicans controlling the White House, Senate as well as Congress. Any tax cuts would definitely be a major plus for companies as well as large crossover funds,” said a New Delhi-based partner at a venture capital firm.
The Economic Times Reliance Power arm Rosa prepays ₹485 crore to Varde Partners, turns 'zero debt firm'
Reliance Power's subsidiary, Rosa Power Supply Company, has achieved zero-debt status by prepaying a ₹485-crore loan to Varde Partners. This follows an earlier prepayment of ₹833 crore, totaling ₹1,318 crore paid ahead of schedule. The move strengthens Rosa Power's balance sheet and, along with a recent equity infusion, positions Reliance Power to pursue opportunities in the renewable energy sector.
The Economic Times Sebi issues Rs 129 cr demand notices to RHFL, 5 others in illegal fund diversion case
India's market regulator, Sebi, has ordered six entities, including Reliance Home Finance and former executives, to pay a combined Rs 129 crore ($15.6 million) for illegally diverting funds. Sebi threatens to seize assets if the fines, linked to a case involving industrialist Anil Ambani, aren't paid within 15 days.
The Economic Times Gautam Adani congratulates Donald Trump on election victory, says US leader embodies tenacity, grit, courage
on Wednesday congratulated Donald Trump on winning the US Presidential polls for a second term and said the US leader embodies tenacity, grit, determination and courage.
The Economic Times Adani Enterprises revises capex guidance for FY25
Adani Enterprises has revised its capital expenditure target for the current fiscal year to ₹67,000 crore from the initial projection of ₹80,000 crore. The company attributes this reduction to an extended monsoon season that disrupted project timelines.
The Economic Times IBBI proposes mediation for operational creditors before filing insolvency filing
The recommendation is based on an expert committee report and subsequent suggestions by the Indian Institute of Insolvency Professionals of ICAI (IIIPI).