Tata Trusts has approved a third executive term for N Chandrasekaran as Tata Sons chairman, a move unprecedented due to the group’s retirement policy. This decision aims to ensure continuity for critical projects like semiconductors and electric vehicle batteries amidst business transformation and internal discussions about the group’s private status.
Banks are seeking RBI approval to stop sending SMS alerts for transactions under Rs 100, citing alert fatigue from frequent small online payments. Proposed safeguards include notifications for cumulative small transactions, with customer consent to be obtained before implementation.
India and the US are set to resume trade talks this week with a senior delegation visiting Washington. Discussions on a proposed bilateral trade agreement are progressing well, with the first phase anticipated by October-November. Meanwhile, India also concluded its 14th round of free trade agreement negotiations with the European Union, aiming for a deal…
Quick commerce platforms are offering significant Diwali discounts, with some products seeing up to 70% off. Brands are leveraging these channels to meet rising festive demand and recover from recent GST changes. This festive season, the 10-minute delivery segment is projected to generate $1.6 billion in gross sales.
China’s exports surged 8.3% in September, exceeding expectations despite US trade tensions. While shipments to the US declined, growth in Southeast Asia, Latin America, and Africa bolstered figures. However, domestic economic woes persist. The US President’s threat of further tariffs looms, prompting China to warn of retaliation, creating significant trade uncertainty.
Gold prices are climbing to new records on Monday. Renewed trade tensions between the US and China, along with an extended US government shutdown, are boosting safe-haven assets. Silver futures are also performing strongly. Experts anticipate increased gold demand in India due to upcoming Diwali celebrations. Global economic instability is driving investors towards precious metals.
India is establishing a National Critical Mineral Stockpile to secure rare earth elements, crucial for green technologies, following China’s export curbs. The program aims for a two-month reserve, encouraging private sector involvement.
Gold prices surged past $4,000 for the first time last week, driven by geopolitical tensions and a weakening dollar. Despite a mid-week pullback due to a dollar rebound and eased fears, analysts suggest buying on dips. Key US economic data and Fed speeches will be closely watched, alongside global geopolitical developments.
Tata Capital’s massive Rs 15,512 crore IPO debuted on Dalal Street today, listing at a slight premium. The non-banking financial company’s offering saw strong interest from institutional investors, particularly QIBs, though retail participation was modest. Ahead of the listing, anchor investors, including LIC, injected significant capital, signaling confidence in the company’s future.
President Trump expressed optimism about US-China relations, highlighting tariffs as a tool for dispute resolution. He claimed to have settled a potential India-Pakistan conflict using tariff threats. Amidst rare earth export tensions, Trump described China’s actions as hostile but later softened his stance, emphasizing US support for China’s economic well-being.
