L&T Chairman SN Subrahmanyan advocates for a 90-hour work week and working on Sundays, expressing that excessive work hours are key to global competitiveness. His remarks, citing China's intensive work culture, have sparked backlash on social media.
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Fintech unicorn Razorpay is relocating its headquarters from the US to India, aiming to go public by 2026. Despite potential tax implications, the reverse flipping process is underway, with RBI approval and NCLT involvement. Razorpay's valuation stands at $7.5 billion.
Foreign investors have withdrawn Rs 22,194 crore from Indian equities in January amid expectations of a weak earnings season, rising US dollar, and concerns over a potential tariff war. Additionally, factors such as slowing GDP growth, high inflation, and the record low level of the Indian rupee have contributed to this exodus.
RBI Governor Shaktikanta Das, in his final press conference, emphasized the crucial coordination between the RBI and the government in managing inflation. He defended the RBI's stance on maintaining stable rates despite slowing growth, highlighting the impact of multiple factors.
For those investing in mid-cap stocks via SIPs, an investment horizon of at least eight years is necessary to ensure capital preservation, based on historical data from 2005 to 2025. Mid-cap funds have shown lower volatility and risks compared to small-cap funds, making a time frame of 8-10 years advisable for consistent positive returns.
IndusInd Bank anticipates a 2.35% drop in net worth by December 2024 due to internal account discrepancies. Despite this, the bank remains confident about its profitability and capital adequacy. Meanwhile, shares fell following the RBI's decision to grant CEO Sumant Kathpalia a one-year extension instead of the proposed three years.
The Bombay High Court requested more substantial arguments from Skoda Auto Volkswagen India beyond the claim of delay in their plea against a Customs show cause notice alleging Rs 12,000 crore duty evasion. Justice Colabawalla praised the Customs officer's dedicated investigation efforts. The hearing is set to continue on Tuesday.
A Sebi committee has declined a settlement offer from Zee Entertainment, former chairman Subhash Chandra, and former MD Punit Goenka regarding listing norm violations. Instead, Sebi's adjudicating officer must incorporate new findings from the investigation and issue a fresh show cause notice.
Analysts predict that reciprocal tariffs starting April 2 may impact equity markets, along with overseas market trends and FII activity. Investors will also focus on global developments, PMI data, rupee-dollar trends, and Brent crude prices. Given recent modest FII buying and quarterly earnings reports, potential tariffs could play a vital role in market movements.
Revenue secretary Sanjay Malhotra has been appointed as the new RBI governor, succeeding Shaktikanta Das. The 56-year-old IIT Kanpur and Princeton University alumnus will begin his three-year term on December 11th. Malhotra's appointment marks a continuation of bureaucratic leadership at the central bank, following Das's tenure of close coordination with the government.
India's aviation regulator, the DGCA, issued a show-cause notice to Akasa Air for alleged lapses in its operations manual and non-compliance with safety regulations. This follows a recent spot check revealing maintenance issues and pilot concerns about management practices and training standards.