CORPORATE ENVIRONMENT
A cook, a cocktail bar owner and a ski racer: Meet Jensen Huang's children and son-in-law working at Nvidia
Nvidia's CEO, Jensen Huang, is facing mounting pressure amid rumors of a potential successor. His children, Madison and Spencer Huang, while both involved in the company—Madison in marketing and Spencer in robotics product management—are not seen as immediate heirs. Additionally, Huang's son-in-law, Nico Caprez, holds significant influence at Nvidia. However, no formal plans indicate any intention for them to take over leadership any time soon.
Bank earnings rise 20% in Q2 as lower provisions, healthy income growth support performance: Kotak
Indian banks are projected to benefit from a rising interest rate cycle and favorable loan mix in upcoming quarters. Earnings growth is anticipated to be supported by an increase in net interest income and lower provisions. Private banks are expected to lead in earnings increases compared to public sector banks, reflecting varied growth rates.
Caught between costly inputs and cautious buyers, India Inc takes a hit
Companies in India's consumer goods, automobile, and paints sectors are increasing prices to offset rising costs. The West Asia conflict has severely impacted input and logistics expenses across various industries. While some companies have raised prices, they are still absorbing part of these costs to maintain demand. Consumer giants like Hindustan Unilever and Asian Paints report pressure on their margins despite price hikes.
A double transition for corporate India: New accounting rules, new auditors
Companies are preparing for the transition to Ind AS 118 which will impact financial statement reporting. Changes in statutory auditors coinciding with the transition may lead to additional audit work. Incoming auditors will have to familiarize themselves with the new framework and assess comparative figures. Effective communication between outgoing and incoming auditors is crucial during this period.
Chinese companies providing overseas services to Indian subsidiaries may escape tax: ITAT
In a landmark decision, the Delhi Income Tax Appellate Tribunal has determined that Chinese firms offering services from overseas are not liable for Indian taxes. This ruling contrasts with a Mumbai bench decision made in 2010 regarding taxation policies on foreign services. The tribunal's finding is advantageous for Chinese companies supplying centralized services to Indian entities during the digital age.
Debt mutual funds see sharp recovery in October as quarter-end outflows reverse
Debt mutual funds staged a sharp turnaround in October, recording net inflows of Rs 1.13 lakh crore after heavy outflows in September. Liquid and overnight funds accounted for the bulk of the inflows, reflecting a seasonal reversal of quarter-end withdrawals. However, the recovery remained uneven, with several duration-oriented categories continuing to witness outflows.
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Diwali dhamaka isn’t over! How a Rs 38 lakh crore bull run sent Sensex up 8,000 points and Nifty up 10% in 8 days
India’s Diwali rally has added nearly Rs 38 lakh crore to BSE-listed companies’ market value in just eight trading sessions, with the Sensex surging nearly 8,000 points and the Nifty gaining 10% to cross 25,400. The rally has been driven by aggressive FII buying of Rs 53,170 crore this month, stronger global sentiment as the AI trade cools, and robust Q2 earnings
Rippling steps up AI hiring in India, looks to expand enterprise push
The firm is hiring principal engineers, senior staff engineers and senior directors among others as the lab focuses on developing core components of Rippling’s global AI platform, Parandekar told ET in an exclusive interaction.
Nvidia CEO Jensen Huang could face major trouble when Democrats take control of Congress: Report
Nvidia Chief Executive Officer Jensen Huang could face scrutiny regarding his relationship with Alice Huang. Concerns have arisen about her possible links to Chinese intelligence and potential implications for national security. As Democrats prepare to take control of Congress, lawmakers may intensify scrutiny on Huang's conduct and business dealings. Governance experts suggest that this situation could lead to changes in Nvidia's leadership structure.
Need for rules comes to fore as India corporate landscape clutters up with family feuds
India's corporate landscape is witnessing a surge in family disputes that threaten the very foundation of long-established businesses. Following the exit or passing of key patriarchs, internal discord often erupts, underscoring the critical requirement for legislative mechanisms that favour transparent succession planning.
US: Senate advances sweeping energy legislation in first major action since midterm elections
The Senate voted 73-25 to formally take up the bill, which senators and the president have pushed as a way to meet growing demand for electricity and other forms of energy that now face yearslong delays in getting to the grid.
PSBs integrate ESG parameters into companies' credit risk assessment
Public sector banks are incorporating environment, social, and governance parameters into their credit risk assessment processes. Seven banks, including the State Bank of India, lead this initiative to enhance credit appraisal. They are developing climate risk frameworks for credit workflows and adopting standardized emission calculation methodologies. The EASE 9.0 Reform Agenda monitors these developments to modernize state-run lenders.
Delhi's post-Diwali smog puts Rekha Gupta & Co's clean-air promise to test
Delhi's air quality has recently deteriorated, reaching a severe level of 370 on November 9. Chief Minister Rekha Gupta's government is facing scrutiny over its clean-air promises amidst worsening conditions. Despite various pollution-control measures, including a winter action plan, the situation remains dire as the season intensifies. Punjab has also reported a significant number of stubble-burning incidents contributing to regional pollution.
Samvat 2083 begins: Will the good times roll for Indian businesses?
Samvat 2083 begins with Indian businesses entering the new year on a note of cautious optimism. Strong GST collections, festive demand and the RBI’s upgraded FY27 growth forecast point to economic resilience. But weak hiring, easing manufacturing momentum, food inflation and crude oil risks cloud the outlook.
Anthropic wants to create new billionaires through its IPO, but American voters are growing tired of Big Tech's wealth explosion
Anthropic is preparing for a significant IPO amid growing public resistance to AI-related infrastructure projects. Investors are discussing a valuation between $1 trillion and $1.5 trillion for the Nasdaq listing. Communities express concerns over environmental impacts and rising electricity costs linked to data centres. Public sentiment is shifting against technology companies, raising questions about economic benefits versus local costs.
How to invest this Diwali: ICICI Prudential AMC’s Chockalingam Narayanan shares his Samvat 2083 playbook
As investors prepare for Samvat 2083, the focus is shifting towards companies with strong earnings and cash flows. ICICI Prudential AMC suggests that the market is valuing current earnings more than distant growth predictions. The recovery in IT stocks may signal changing technology spending trends, but caution is advised. Opportunities in India's manufacturing and investment landscape could arise from supply-chain diversification and new trade agreements.
Should Anthropic delay its IPO? Stock market turmoil raises questions over $1.5 trillion valuation as AI spending slows
Anthropic IPO: Anthropic's planned November IPO is facing uncertainty as Wall Street's technology sell-off and slower corporate AI spending raise questions about its $1.5 trillion valuation. Some investors are now discussing a figure closer to $1 trillion, leaving the Claude maker with a difficult decision about whether to proceed or wait for markets to stabilize.
ONGC uses stuck Russian dividend dues for Sakhalin fund, seeks operatorship of Venezuela oilfields
ONGC has utilized funds from its Russian dividends to meet its obligations for the Sakhalin-1 abandonment fund. The company is negotiating with Venezuela's PDVSA to take operational control of the San Cristobal and PetroCarabobo projects. This move is expected to enhance ONGC's ability to recover historical dividends and improve cash flow management. Discussions with relevant parties have progressed, and new agreements are anticipated soon.
ETMarkets Smart Talk| ₹15 lakh to invest in bonds? Here's how Jiraaf's Saurav Ghosh would spread it across maturities
In this edition of ETMarkets Smart Talk, Saurav Ghosh, Co-Founder of Jiraaf, shares his outlook on interest rates and bond yields and explains why a diversified approach across maturities could make sense in the current environment. He also illustrates how an investor with ₹15 lakh could consider spreading the allocation across two-, three- and five-year bonds rather than committing the entire amount at a single point in the interest-rate cycle.
Gold, Silver, Stocks: Why Bonds Deserve a Place on Your Dhanteras Shopping List
Traditionally, investors have turned to gold and silver on Dhanteras, but this trend is shifting. Recent fluctuations in these precious metals and stock equities have raised apprehensions over their reliability. Bonds present a viable alternative with their assured returns and steady interest payouts, offering stability amid market volatility. By including bonds in their investment strategy, individuals can ensure they meet their financial requirements without rushing to liquidate assets.
New York woman wanted American children to experience Diwali. How a mother's rangoli kits became a funded business
Indian American businesswoman Akriti Babaria established Kulture Khazana to enhance the visibility of Diwali and Indian cultural customs in the US. What started as an idea at a kitchen table has expanded into a toy brand serving more than 45,000 families, schools, and organizations, familiarizing American children with Indian festivals via books, rangoli kits, puzzles, and crafts.
Rs 40,000 crore in 13 days! Is the great FII reversal finally here to save Nifty bulls?
Foreign institutional investors have pumped nearly Rs 40,000 crore into Indian equities in 13 trading sessions, raising hopes of a sustained reversal after months of heavy selling. Falling crude oil prices, improving corporate earnings, attractive valuations, a weaker dollar and expectations of an LTCG tax cut are driving the renewed optimism.
US stock market stages big rally today: Why is Dow Jones surging? Dow jumps 1,100 points as S&P 500 and Nasdaq turn green, with healthcare stocks at the centre
US stock market today: US stocks rallied sharply on Wednesday after Democrats won control of Congress. The Dow Jones jumped 1,143 points, while the S&P 500 and Nasdaq also posted strong gains. Healthcare stocks attracted fresh buying, with Molina Healthcare, Centene and HCA Healthcare rising around 6% to 7%. Amazon and solar stocks also climbed, while Nvidia shares moved lower.
Diwali 2026: Will Sensex, Nifty reclaim their peaks or scale new highs? Analysts map the road ahead
Market analysts are tentatively optimistic about Indian equity markets seeing a resurgence in the next financial year. Expectations suggest that both the Sensex and Nifty may rise to their past peak levels by Diwali 2027, driven by improving corporate profitability. While favorable valuations and steady domestic investments bolster this outlook, global uncertainties like inflation, interest rates, and oil prices could pose challenges.
Bombay HC invokes secular spirit, slams 'petty mindset', says restore Dia Mirza clip
The Bombay High Court expressed discontent over the removal of Dia Mirza's eco-friendly Diwali campaign video. Political objections led to the Brihanmumbai Municipal Corporation's decision to delete the clip. The court emphasized the need for a secular approach in environmental awareness efforts. Justice Gokhale criticized local politicians for not advocating for environmental issues effectively.
BJP attacks Dia Mirza, Naseeruddin Shah over 'selective' environmental concerns
BJP spokesperson Gaurav Bhatia criticized actors Dia Mirza and Naseeruddin Shah for what he called selective outrage regarding environmental issues. He noted their silence during pollution spikes associated with other religions' festivals while targeting Hindu celebrations. The Bombay High Court expressed skepticism over a video Mirza produced for an eco-friendly Diwali campaign, emphasizing the importance of consistent advocacy for the environment across all cultural events.
Bombay HC slams row over Dia Mirza's Diwali video, directs BMC to re-upload clip
The Bombay High Court expressed discontent over the removal of Dia Mirza's video promoting an eco-friendly Diwali. This decision came after objections from certain political figures who labeled the campaign as anti-Hindu. The court emphasized the message was important for environmental awareness, irrespective of individual beliefs. Consequently, the court ordered the Brihanmumbai Municipal Corporation to restore Mirza's video on social media.
Asian companies to ramp up investments in US amid supply-chain shifts
Citi expects investments by South Korean, Japanese and Taiwanese companies in the US to rise as global supply chains shift. The bank also sees growing cross-border business flows involving India and China, creating opportunities in transaction banking and financial services.
HCLTech launches AI agents to automate enterprise mainframe operations
HCLTech has introduced an innovative AI-driven operations solution designed to help companies upgrade their mainframe systems. This advanced offering focuses on boosting operational efficiency and meeting the urgent need for modernization. By combining cutting-edge AI agents with professional human oversight, HCLTech aims to optimize the management of vital systems, embodying a forward-thinking strategy for operational intelligence and system management.
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