The Economic Times The Economic Times

The Economic Times Rupee slips to record low, pressured by slide in local equities

The Indian rupee hit an all-time low of 84.1050 against the dollar on Monday due to persistent outflows from local stocks. The BSE Sensex and Nifty 50 indexes fell over 1.5% amid possible overseas investor selling and caution before the U.S. presidential election outcome. Asian currencies were mainly higher, while the dollar index dipped.

The Economic Times Sensex crashes 1300 pts, Nifty at four-month low

The Indian stock market was trading deep in the red on Monday's mid-session as heavy selling was seen in the auto, metal, realty and energy stocks.

The Economic Times M&G acquires 65% stake in European property firm BauMont

M&G told Reuters it had acquired a 65% stake in BauMont Real Estate Capital, an 18-strong property investing team with offices in London and Paris and 1.5 billion euros ($1.6 billion) of assets under management.

The Economic Times Investors from stocks to crypto brace for US election volatility

Ahead of the US election, options traders are scaling back risk and preparing for volatility across markets. Elevated implied volatility in equities, bonds, and currencies indicates anticipation of election impacts and potential fiscal stimulus. Hedging is prominent in financials, crypto, and renewable-energy stocks, while traders brace for wider currency swings, particularly in yuan, Mexican peso, and euro.

The Economic Times India will need a lot of very serious reforms to become advanced economy by 2047: Krishna Srinivasan, IMF Asia-Pacific Department

India must implement substantial structural reforms and achieve a growth rate higher than 6.5% to meet its 2047 advanced economy goal, Krishna Srinivasan, director of the Asia and Pacific Department (APD) at the International Monetary Fund, says. The IMF projects India's GDP growth will ease to 7% in FY25 and potential growth to 6.5% in FY26 amid various risks.

The Economic Times Sebi proposes to allow InvITs, REITs, SM REITs to use interest rate derivatives for hedging risk

​Also, the regulator has suggested approving locked-in units for REITs and InvITs to be transferred among sponsors and their groups, similar to rules for promoters in listed companies, to help sponsors manage their holdings without compromising "skin in the game".

The Economic Times Canara Bank aims Rs 6,000 cr recovery in H2 FY25

Canara Bank plans to recover Rs 6,000 crore from bad loans in the second half of the fiscal year. The bank expects Rs 3,000 crore in recovery for both the third and fourth quarter. Additionally, it anticipates the IPO of Canara Robeco Asset Management Company to happen in the fourth quarter.

The Economic Times Monday Mayhem! Investors lose Rs 8 lakh crore as Sensex crashes 1,400 pts; 4 factors behind the fall

Indian benchmark indices dropped as banking, financial, and IT stocks suffered ahead of the U.S. presidential election and a potential Federal Reserve rate cut. Market nerves were heightened by election uncertainty, Fed meeting outcomes, disappointing Q2 earnings, and rising oil prices.

The Economic Times Microsoft bets big on AI growth in India

​Chandok said the general perception of AI has shifted from scepticism to optimism and, more recently, to real, impactful applications, with "real, interesting use cases" emerging. Microsoft's AI assistant, Copilot, he noted, has become almost synonymous with AI itself.

The Economic Times DLF to invest Rs 8,000 cr to build super-luxury project in Gurugram

DLF plans to invest Rs 8,000 crore in developing a new ultra-luxury housing project in Gurugram named 'The Dahlias'. The project includes 420 premium apartments and is expected to generate Rs 26,000 crore in revenue. DLF aims to meet its sales target of Rs 17,000 crore this fiscal year with this and other upcoming projects.

The Economic Times India’s manufacturing PMI improves to 57.5 in October

This positive trend is driven by robust demand, both domestic and international, as per the S&P Global report. As a result, manufacturers are ramping up production, hiring more staff, and facing rising input costs.

The Economic Times India can say no on trade. Here’s how to get to yes

India aims to reform its free trade strategy, targeting deals with the UK and the EU while addressing past issues. Current trade negotiations are criticized for being outdated and overly defensive. A new approach could enhance India's access to strategic supply chains and modern trade practices, possibly empowering negotiators to achieve more effective agreements.

The Economic Times Festive sales end with a bang, after Rs 1 lakh crore of clicks

Consumer demand for top luxury brands was a highlight of this season. “Demand for premium large appliances grew by 30% over last year, while the fashion and beauty premium portfolio saw an over 400% spike vs business-as-usual (BAU) in categories like watches, fragrance, K-beauty, jewellery, handbags, sportswear, luggage, and kids-wear,” Amazon said in a statement.

The Economic Times Indian telcos get huge discounts on gear as vendors target growth markets

Indian telecom operators like Reliance Jio, Bharti Airtel, and Vodafone Idea have secured network equipment from vendors like Nokia and Ericsson at significantly lower prices. This is due to India's large market and lower ARPU. Despite a sequential decline in revenue, India remains a crucial market for these vendors.

The Economic Times Regular IBC tweaks needed to address bankruptcy challenges, says Corporate Affairs Ministry

The corporate affairs ministry emphasizes continuous refinement of the Insolvency and Bankruptcy Code to address future challenges in corporate restructuring. Planned amendments, including a creditor-led resolution framework and group insolvency mechanism, aim to keep the IBC dynamic and responsive to evolving business landscapes.

AD
AD