STANDARD CHARTERED BANK
5 IIM-A toppers from same DU college, not IIT. Stunned billionaire hosts lunch for them to know the secret
Sanjeev Bikhchandani acknowledged the remarkable academic achievements of IIM Ahmedabad's top three students, all alumni of Delhi's SSCBS. Intrigued by this pattern, Bikhchandani met with the students and faculty, discovering that SSCBS graduates held five of the top seven ranks at IIMA. Their success is attributed to the college's rigorous academic culture and motivated student body.
These mid-cap stocks with ‘strong buy’ & ‘buy’ recos can rally over 26%, according to analysts
The markets are at a stage where everyone is thinking one day at a time. The reason: Volatility. Today (Thursday), the markets are closed for trading in India. No one knows what will happen to the US market when they open for trade for Thursday later in the evening. The Indian market will react on Friday to whatever happens in the US market. Now, given the fact that Wednesday saw strong volatile movement in the Dow on the basis of tariff-related statements, to predict what will happen till Friday morning is impossible. So, remember: Investing is not about thinking on a day-to-day basis. It is about thinking beyond what is happening today.
PhysicsWallah goes UPSC shopping; Tech giants eye GPUs
Happy Wednesday! Edtech firm PhysicsWallah is eyeing acquisitions to shore up its UPSC test prep presence. This and more in today’s ETtech Morning Dispatch.
Gold rate today: Why is it above $3,000 and what are top banks predicting next for 2025?
Gold rate today in the US has crossed the $3,000 mark, and it’s got everyone—from casual investors to big banks—talking. With today’s gold price at $3,007.79 per ounce, rising inflation, global tensions, and talk of rate cuts are pushing demand higher. Big names like HSBC, Bank of America, and Citigroup have raised their 2025 projections, seeing gold touch up to $3,300 in some cases.
RBI likely to go for 25 bps rate cut
Economists unanimously forecast the Reserve Bank of India to cut the policy interest rate by 25 basis points due to easing domestic inflation. However, opinions are divided on the shift to a monetary stance amid global trade uncertainty and volatile market conditions.
Tax-free interest up to Rs 7000: Post Office Savings Accounts still offer relief under new tax regime; Here's how to claim it
Tax-free interest from post office: Many individuals will opt for the new tax regime for FY 2025-26. This is due to the new income tax slabs introduced from April 1, 2025. The new tax regime does not offer many exemptions and interest. However, the new tax regime does not offer many exemptions and deductions. Still, taxpayers can claim an exemption on a post office savings account. Here's how.
- Go To Page 1
China stocks crash, Hong Kong dives 10% in worst plunge since 2008 as tariff fallout spreads
Hong Kong and Chinese stock markets plunged on Monday due to escalating global trade tensions and recession fears. The Hang Seng index dropped over 10%, with significant declines in banking stocks like HSBC and Standard Chartered. The CSI300 blue-chip index fell over 5%, and the yuan hit its lowest level since January.
Gold price predictions: Gold rate projections by analysts are out. Check here
Gold price has become much talked about subject after volatility witnessed in gold rate.
Gold price today crashes as recession fears set in. Gold rate to fall further?
Gold rate today was down from the record high even as the bullion is still up about 15.6 per cent this year.
UK's FTSE 100 drops over 3%, hits three-month low as tariff concerns cap difficult week
UK shares fell sharply on Friday and are poised to end the week with substantial losses, as recession fears intensified after China retaliated against U.S. President Donald Trump's announcement of sweeping tariffs.
These large- and mid-cap stocks can give more than 18% return in 1 year, according to analysts
As nothing can be ruled out on the street, be prepared for anything. Now, “anything” need not always be a bad thing. It may be something positive as well. Just consider the market’s movement on Thursday, a rare day in the last six months when the Indian market outperformed other emerging markets. This has to be seen in light of the fact that it was very obvious from the Dow Jones Futures that the US markets were likely to fall sharply when they opened for trade on Thursday evening (our time). If this had happened even two months back, the Indian market would have been the biggest loser. Is this an indication that the worst is behind us?
US reciprocal tariff may erode India's GDP by up to 50 bps: Experts
India's GDP growth could decline up to 50 basis points to 6% due to the US reciprocal tariffs. EY and Standard Chartered predict a 2-3% fall in exports to the US. Experts suggest India could offset impacts by increasing imports from the US, especially in energy and high technology products. Key sectors remain exempt from higher tariffs.
IndusInd auditors on derivative valuation: From 'key matter' to silence
IndusInd Bank's auditors dropped 'derivative valuation' from their key audit matters in the 2023-24 financial year, despite it being a significant concern earlier. This shift occurred even as the RBI issued directives in 2023 affecting the bank's accounting practices, leading to the eventual announcement of ?1,500 crore in derivative losses by March 2025.
Piramal Finance raises over Rs 2,300 crore via ECB route
In FY25, Piramal Finance marked its first foray into the international debt market, raising $815 million to support its growth plans. These funds will be primarily allocated to expanding the company's lending portfolio, with a strategic emphasis on affordable housing and financial inclusion in tier-2 and tier-3 markets.
Investors shrug off Microfin worries in rebound bet
Investors across the spectrum have renewed their interest in India's microfinance space, displaying confidence in the sector's turnaround ability from the recent setbacks.
All 3 toppers of IIM Ahmedabad 2023-2025 batch are not IITians, but from one Delhi University (DU) college
Sanjeev Bikhchandani, founder of Info Edge, praised Delhi's Shaheed Sukhdev College of Business Studies after three alumni secured top honors at IIM Ahmedabad's 60th graduation ceremony. The honored graduates were Abhi Bansal, Ishaan Jain, and Aanchal Chadha. Their achievements underscore the quality of education at SSCBS, affiliated with Delhi University and renowned for business management programs.
Don’t forget to deduct TDS before buying property even if the seller is NRI as buyer will risk being labelled as tax evader
TDS on house property: The Income Tax Department said to follow Section 194 IA which relates to Tax Deducted at Source (TDS) on buying a house property. "Failure to deduct tax under Section 194-IA may result in the person i.e. the transferee being deemed to be treated as an assessee in default. Failure to deduct tax will attract interest and penalty also," said the Income Tax Department.
Pressure on rupee likely to ease in first half of FY26
Although some experts expect the rupee to be in the 87.50/$1 to 85.75/$1 range by December 2025, most economists are hesitant to put out a level due to tariff-related uncertainties.
XLRI completes final placements with median salary of Rs 29 lakh, top salary of Rs 1.1 crore
XLRI successfully concluded its Final Placements for the PGDM 2023-25 batch with a median salary of Rs 29 lakh. Despite market challenges, the highest international offer reached Rs 1.1 crore. Top recruiters were from consulting, BFSI, and sales & marketing domains, with 41 new recruiters participating.
Kotak CEO reveals a lot on RBI cuts, deposit wars and banking’s next big moves
RBI's expected rate cuts going ahead could influence fixed deposit pricing, according to Ashok Vaswani of Kotak Mahindra Bank. He notes challenges in deposit acquisition and growth strategy relying on innovation and digital platforms. The bank aims for long-term customer satisfaction, reduced complaints, and improved services despite global economic uncertainties and regulatory changes.
Billionaire Uday Kotak’s private bank adds thousands of clients
Kotak Mahindra Bank's private banking unit plans to add thousands of new families to mitigate falling margins in India's wealth management sector. Last year, the division added 2,280 new families and aims to maintain this growth rate while leveraging technology and expanding into smaller cities.
Harsh auto tariffs mixed with Trump talks on leniency confusing market: Steve Englander
Tariffs of 25% on imported finished autos and auto parts announced by Trump are causing uncertainty in the market. While the tariffs seem harsher than expected, there is talk of possible leniency. The situation is compounded by the upcoming fiscal bill aimed at cutting taxes, raising questions about revenue sources.
Adani Group shares in focus after expressing interest in acquiring Jaiprakash Associates
As per a previous ET report, Jaypee Group's flagship company, JAL, which operates in the cement, power, hospitality, construction, and real estate sectors, has been admitted to the Corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy Code, 2016.
Adani Group keen to acquire Jaiprakash Associates by insolvency: Sources
Adani Group has expressed interest in acquiring Jaiprakash Associates Ltd, which is undergoing insolvency. The National Company Law Tribunal has mandated that the acquisition be for the entire firm. JAL, with debts of ?55,493.43 crore, has seen its loans transferred to the National Asset Reconstruction Company. Bidders include Adani, GMR, and Vedanta.
Hong Kong brings law to lawless crypto. Others can, too: Andy Mukherjee
Hong Kong's updated roadmap for regulating virtual assets could serve as a model for the US SEC. By applying traditional finance standards to digital coins, the city aims to boost reliability and efficiency. Significant progress includes licensed platforms for crypto trading and banks embracing tokenization. Institutional-grade custody remains crucial for both retail and institutional investors.
SMFG India Credit raises $175 million via ECB from Standard Chartered Bank & CTBC Bank
SMFG India Credit (SMICC) has secured $175 million via External Commercial Borrowing, arranged by Standard Chartered Bank and CTBC Bank. The funds are fully hedged and intended for lending, showcasing the company's strong financial health and commitment to expanding its lending capabilities.
StanChart boosts private credit presence with new hires in India
Standard Chartered Plc is strengthening its private credit team in India with the recent hire of Ankit Raghav, Ankit Dokania, and S. Siddharth. This expansion comes amid India's growing demand for middle-market funding driven by infrastructure projects. The bank has joined forces with Deutsche Bank and Barclays in being active in India’s private credit market.
Greenko, Muthoot Finance raise $1.2-billion debt overseas
Renewable energy firm Greenko Energy Holdings raised around $1 billion from investors, while Muthoot Finance raised $250 million. Greenko's bond was priced at 7.25%, tighter than the initial 7.62% target. The bond, issued under a dual Reg S and Reg S 144A structure, is backed by Greenko Wind Projects (Mauritius) and drew over $3 billion in investor interest. However, the company opted to retain $1 billion, according to two sources.
Geared for US duties, China calls on nations to open up
Top executives including Apple's Tim Cook, Qualcomm's Cristiano Amon, Pfizer's Albert Bourla and Saudi Aramco's Amin Nasser are attending the two-day conference. Bloomberg News earlier reported that plans were being made for corporate titans to meet Chinese President Xi Jinping on Friday, citing people familiar with the matter.
Load More
