India’s largest institutional investor, the Life Insurance Corporation of India (LIC), has come under the spotlight for its significant exposure to the Adani Group. The scrutiny follows heightened debates around corporate governance, risk management, and the role of public financial institutions in safeguarding policyholders’ money. LIC’s investments in Adani companies, which span across multiple sectors…
In a surprising strategic reversal, Intel Corporation has announced that it will not proceed with its previously planned sale of its networking division. The chipmaker, which had been exploring divestment options as part of its broader restructuring strategy, issued a statement confirming that the division will remain under Intel’s umbrella. The decision underscores Intel’s renewed…
In a landmark move in India’s startup ecosystem, InMobi co-founder and CEO Naveen Tewari, along with other founding members, is set to increase their collective stake in the company to over 50%. This comes as Japanese investment giant SoftBank has decided to offload shares worth $250 million, marking a significant reshaping of InMobi’s ownership structure….
The Indian stock market witnessed one of its most significant block deals of the year as ITC Hotels saw nearly 9% of its equity change hands, amounting to a staggering Rs 3,856 crore. Despite the massive transaction, ITC Hotels shares traded flat, reflecting investor caution and the market’s ability to absorb large trades without immediate…
The Indian rupee has come under renewed pressure in global currency markets, sparking concerns among investors and businesses about its near-term trajectory. However, leading currency expert Abhishek Goenka has reassured that while the rupee is facing headwinds, the situation is not one of panic. According to him, the current weakness is largely driven by external…
Global technology markets are abuzz with speculation after Nvidia’s Chief Financial Officer (CFO) clarified that the chipmaker has not yet finalised its reported $100 billion deal with OpenAI. The announcement comes amid heightened interest in artificial intelligence (AI) partnerships, semiconductor supply chains, and the future of generative AI. Nvidia, already the world’s most valuable semiconductor…
The global startup ecosystem has witnessed a historic milestone with Adarsh Hiremath, a 22-year-old Harvard dropout, becoming the world’s youngest self-made billionaire. Alongside his co-founders Brendan Foody and Surya Midha, Hiremath’s AI startup Mercor has reached a staggering $10 billion valuation, breaking a record previously held by Mark Zuckerberg. The Rise Of Adarsh Hiremath Key…
Global financial markets began the day with mixed signals as Asian stocks opened steady, reflecting cautious optimism among investors, while Bitcoin dipped once again, highlighting persistent volatility in the cryptocurrency sector. The contrasting trends underscore the delicate balance between traditional equity markets and digital assets, both of which are being shaped by macroeconomic conditions, regulatory…
India’s currency movements have once again become a subject of national debate, with former NITI Aayog Vice Chairman Rajiv Kumar stating that the depreciation of the Indian rupee against major world currencies could be beneficial for the economy. His remarks highlight a nuanced perspective on exchange rate dynamics, suggesting that a weaker rupee may actually…
India’s fiscal roadmap for FY26 is drawing significant attention as global investment bank Goldman Sachs has projected that the government will remain on track to meet its fiscal deficit targets despite tax shortfalls. The report highlights that the government is likely to cut capital expenditure (capex) to balance the books, ensuring fiscal discipline while maintaining…
