Trump’s tariffs: India’s low goods exports to the US could be its saving grace, says Morgan Stanley. (AI image) For long India has been a laggard when it came to export manufactured goods but very strong in exporting services to the world. With the US turning on the heat on its major trading partners from…
India’s stock market turmoil deepened on Tuesday as IndusInd Bank shares nosedived 25%, hitting a 52-week low of ₹674.55 losing approx. 16000 market cap in just 2 hours. This dramatic drop—the steepest since March 2020—came after the bank admitted to accounting discrepancies in its derivatives portfolio, triggering panic among investors and analysts alike.With concerns mounting…
Leave Travel Allowance (LTA) is a tax-saving benefit provided to salaried employees, allowing them to claim exemptions on travel expenses incurred during leave. It helps reduce taxable income under certain conditions and applies to transportation costs for travel within India. However, the exemption is subject to actual expenses and the limits set by tax authorities…
MUMBAI: IndusInd Bank said valuation losses in its forex derivative contracts could impact the bank’s net worth by up to 2.4% or around Rs 1,530 crore. The announcement came hours after shares of the bank closed nearly 4% lower on Monday. The fall was triggered by RBI’s decision to approve only one-year extension for MD…
MUMBAI: The size of funds collectively raised by investors for allocating to Indian startups dropped to a four-year-low of $2.7 billion in 2024 as big players like SoftBank and Tiger Global refrained from making big bets, largely issuing smaller follow-on cheques for portfolio companies and remained cautious on overall deployment of capital.In 2023, investors had…
MUMBAI: The rupee witnessed its sharpest single-day fall in two weeks on Monday, closing at 87.33 against dollar, down 46 paise from Friday’s 86.87. The decline, driven by dollar bids due to the maturity of non-deliverable forwards (NDF) positions, was further pressured by weakness in the Chinese yuan. This marked a 0.5% drop, the steepest…
The tech-heavy Nasdaq led sharp losses among major US stock indexes on Monday, dropping over 3% to a near six-month low, on fears that US President Donald Trump’s tariff policies would spark an economic slowdown. The benchmark S& has fallen over 8% from its Feb high.Financial markets have been volatile in recent weeks as rising…
Jim Walker made a strong recommendation for Indian stock markets, urging investors to significantly increase their exposure. Jim Walker, Chief Economist at Aletheia Capital, known for predicting the 2008 financial crisis, has shared four key global forecasts for 2025: a 10% decline in the U.S. dollar value, an economic slowdown that will be difficult but…
According to reports, Tesla still trades at huge premiums, as measured by forward price-to-earnings ratios. March 10 was a brutal day for Elon Musk-the world’s wealthiest person . Tesla’s stock took a sharp nosedive, his social media platform X (formerly Twitter) suffered widespread outages due to what he called a “massive cyberattack,” and protests against…
Multiple brokerages have reduced their ratings and price targets. IndusInd Bank share price today: IndusInd Bank’s shares dropped 20% on Tuesday, reaching a new 52-week low of Rs 720.50. Multiple brokerages have reduced their ratings and price targets following the discovery of accounting irregularities in the bank’s forex derivatives portfolio. The bank revealed a potential…