Business

Morgan Stanley MD Ridham Desai (File photo) Morgan Stanley’s MD Ridham Desai, one of India’s most closely watched equity strategists, says his bullish stance on Indian markets is rooted in structural changes that have transformed the economy’s fundamentals over the past decade.Speaking at the Business Standard BFSI Summit, Desai — who has now been bullish…

The United States has entered uncharted territory as the ongoing government shutdown surpassed all previous records, becoming the longest-ever on Wednesday, exceeding the 35-day benchmark set during Donald Trump’s first term. The stalemate—rooted in a bitter dispute over healthcare spending—has left federal agencies shuttered, key welfare programmes suspended, and millions of Americans bracing for deepening…

China on Wednesday announced it will extend the suspension of an additional 24 per cent tariff on American goods for another year, while retaining a 10 per cent general tariff.According to a statement on the Ministry of Finance website, as cited by AFP, the State Council approved the measure, saying that “for one year, the…

Banks across several states will remain closed on Wednesday, November 5, in observance of Guru Nanak Jayanti and Kartik Purnima. With physical branches shut in multiple regions, customers planning in-person visits or time-sensitive transactions are advised to check local schedules in advance. States observing a bank holiday on November 5 According to the Reserve Bank…

Tarun Garg – the COO of Hyundai India (who is set to take charge as CEO and MD from January) NEW DELHI: With plans to launch over two dozen new cars in India over the next few years, Hyundai on Tuesday said it is confident of getting back its No 2 position in the domestic…

MUMBAI: State Bank of India (SBI) reported a 10% rise in standalone net profit for the quarter ended Sept, aided by a one-time gain from the sale of its stake in Yes Bank and steady loan growth. During the quarter the bank’s total business crossed the Rs 100 lakh crore-mark. The bank’s standalone net profit…

MUMBAI: Days after filing a caveat before the Maharashtra charity commissioner, seeking a hearing before being ousted as a Tata Trusts trustee, Mehli Mistry said on Tuesday that he wished to “part ways” with the public charities, noting that “precipitating matters would cause irreparable harm to the reputation of Tata Trusts”.Mistry’s decision effectively de-escalates tensions…

Adani Enterprises Ltd (AEL), the flagship company of the Adani Group, reported an 84% year-on-year rise in consolidated net profit to Rs 3,199 crore for the September quarter, boosted by a one-time gain from the sale of its stake in AWL Agri Business Ltd (formerly Adani Wilmar Ltd).However, excluding the exceptional gain of Rs 3,583…

Norway’s sovereign wealth fund, one of the largest investors in Tesla, has said it will vote against CEO Elon Musk’s proposed compensation package that could be worth up to $1 trillion over the next decade. The announcement comes ahead of Tesla’s annual shareholder meeting on Thursday, where the plan has become the most divisive agenda…

The circumstances preventing Rawal’s joining were related to his being in judicial custody following the registration of an FIR against him. (AI image) Getting a job is no easy task, and losing it to untoward circumstances is unfortunate. One such case is of a Mr Rawal who got selected but couldn’t report within the specified…