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The Economic Times
The Economic Times OLX India's MD & CEO Amit Kumar steps down
Amit Kumar, MD and CEO of OLX India, is stepping down from his position effective January 31, 2025. Kumar played a pivotal role in expanding OLX India's retail presence across the country. His career includes stints at Britannia Industries, Uninor, Jabong, and Snapdeal.
The Economic Times Trump victory may lead to stronger dollar, but RBI's focus will remain on domestic factors: Report
A victory of Donald Trump in the upcoming US presidential elections could lead to a stronger US dollar says a report by Barclays.
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 Logic Fruit Technologies appoints Sourabh Varma as CFO
With over 20 years of experience in large-scale operations, Sourabh brings expertise in operational management and business strategy. In his new role, he will work closely with the management team to advance strategic initiatives and drive innovation.
The Economic Times How the US election could change the direction of trade winds for India
Indian businesses should be prepared to handle tariffs on goods they export to the US. The scale of the barrier would depend on who wins the US elections.
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.
