The Economic Times
The Economic Times Trump's Indians: Indian-origin loyalists who could get top jobs
As Donald Trump prepares for his second term as US President, speculation is mounting over who will secure key positions in his administration. Trump has indicated his preference for rewarding loyalists who supported him during his previous term. Several Indian-origin individuals, including Kash Patel, Vivek Ramaswamy, Nikki Haley, Shalabh Kumar, and Bobby Jindal, are considered potential candidates for significant roles.
The Economic Times Macrotech Developers acquires Bain Capital's stake in 3 entities for Rs 307 cr
Bain Capital had a 30 per cent stake in Bellissimo Digital Infrastructure Development Management Pvt Ltd and a 33.33 per cent stake each in the other two entities.
The Economic Times Public sector banks outperformed private banks by a wide margin in net profits during Q2 FY25: SBI
The net profit of public sector banks has surpassed that of private sector banks by a wide margin on a Year-on-Year basis, highlighted a report by the State Bank of India.
The Economic Times Hurun India Philanthropy list: Meet the most generous donor in India. It's not Ambani or Tata
Hurun India recently unveiled its list of top philanthropists for 2023, with Shiv Nadar and family maintaining the top position, contributing Rs 2,153 crore. Mukesh Ambani and family followed with a donation of Rs 407 crore. The top 10 donors collectively contributed Rs 4,625 crore in FY24, making up nearly 53% of the total donations on the list. Notably, Krishna Chivukula and Susmita & Subroto Bagchi made their debut in the top 10, securing the 7th and 9th spots, respectively.
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.