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.
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.
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
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.
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.
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.
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.
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.
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.
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