Author: NNI Editor
IndusInd Bank said on March 7 it received approval from the Reserve Bank of India to reappoint Sumant Kathpalia as its CEO for a one-year | Photo Credit: Special arrangement Shares of India’s IndusInd Bank fell nearly 6% on Monday (March 10, 2025) to their lowest level since July 2022, after the country’s central bank approved a shorter extension to its CEO’s tenure, raising potential leadership transition risks and business uncertainty.The stock fell as much as 5.9% to 881.10 rupees and was the biggest loser on the blue-chip Nifty 50 index, which is up 0.4%. IndusInd Bank said on Friday…
Traders look at share prices at a firm in Mumbai. File photo | Photo Credit: The Hindu Equity benchmark indices Sensex and Nifty rallied in early trade on Monday (March 10, 2025), tracking firm trends in Asian markets and buying in power and utilities shares. The 30-share BSE Sensex climbed 324.67 points or 0.44 per cent to 74,657.25 in the morning trade. On the similar lines, the Nifty of NSE rose 98.45 points or 0.44 per cent to 22,650.95. From the Sensex pack, Power Grid, Bajaj Finance, Bajaj Finserv, NTPC, Hindustan Unilever, Adani Ports, Bharti Airtel, Nestle India, HCL Technologies…
The leaders of both Canada and Mexico got on the phone with U.S. President Donald Trump this past week to seek solutions after he slapped tariffs on their countries, but China’s President appears unlikely to make a similar call soon.Beijing, which unlike America’s close partners and neighbours has been locked in a trade and tech war with the U.S. for years, is taking a different approach to Mr. Trump in his second term, making it clear that any negotiations should be conducted on equal footing.China’s leaders say they are open to talks, but they also made preparations for the higher…
Image used for representative purpose only. | Photo Credit: Reuters The rupee saw a steep plunge of 30 paise to 87.25 against the U.S. dollar in early trade on Monday (March 10, 2025) as the American currency started recovering from six-month low level while trade-related uncertainties weighed on investor sentiment.A subdued domestic equity market and uninterrupted outflow of foreign funds also put pressure on the local unit, though it found some support due to easing crude oil prices, forex traders said.At the interbank foreign exchange, the rupee opened weak at 87.24 amid intense volatility and touched the low of 87.34…
Sun Pharma. File. | Photo Credit: Reuters Sun Pharmaceutical Industries Ltd and Nasdaq-listed Checkpoint Therapeutics, Inc. have announced that they have entered into an agreement by which Sun Pharma will acquire Checkpoint, an immunotherapy and targeted oncology company.Checkpoint is a commercial-stage company focused on developing novel treatments for patients with solid tumor cancers. It has received approval from the U.S. Food & Drug Administration (FDA) for UNLOXCYT™ (cosibelimab-ipdl) for the treatment of adults with metastatic cutaneous squamous cell carcinoma (cSCC) or locally advanced cSCC who are not candidates for curative surgery or curative radiation.Dilip Shanghvi, Chairman & Managing Director of Sun…
The Maharashtra’s Deputy Chief Minister and Finance Minister Ajit Pawar will present the State Budget for 2025-26 on Monday, March 10, 2025. | Photo Credit: EMMANUAL YOGINI The Maharashtra’s Deputy Chief Minister and Finance Minister Ajit Pawar will present the State Budget for 2025-26 on Monday (March 10, 2025). Notably, this will be the first budget for the newly-formed Mahayuti government and Mr. Pawar’s 11th budget as a Finance Minister. In a press statement, the Nationalist Congress Party (NCP) said that Mr. Pawar has been a strict administrator in terms of financial discipline and maintains a fine balance between people-friendly…
Facing projections of spiking energy demand, U.S. states are pressing for ways to build new power plants faster as policymakers increasingly worry about protecting their residents and economies from rising electric bills, power outages and other consequences of falling behind Big Tech in a race for electricity.Some states are dangling financial incentives. Others are undoing decades of regulatory structures in what they frame as a race to serve the basic needs of residents, avoid a catastrophe and keep their economies on track in a fast-electrifying society.“I don’t think we’ve seen anything quite like this,” said Todd Snitchler, president and CEO…
Image for representative purposes | Photo Credit: Getty Images Previously, in this column, we talked about passion assets viz. assets that are collectibles and have investment value like art and antiques. Here, we discuss the need to be mindful of portfolio portability when investing in passion assets. Investment portabilityIf your professional life requires you to continually relocate, investing in physical assets is not optimal; each time you relocate to a new city, carrying physical assets with you can be expensive. Financial assets are better as they are in an electronic form and offer portability. That said, there are benefits of investing…
Imagine planning your perfect getaway — scenic landscapes, cultural explorations and thrilling adventures await. But what if an unexpected medical emergency, lost baggage, or last-minute trip cancellation turns a dream vacation into financial setback? Travelling is one of life’s greatest joys, and as the Dalai Lama famously said, “Once a year, go some place you’ve never been before.” Whether you’re craving for a culinary escape, a wellness retreat, or an adrenaline-fuelled expedition, travel opens up a world of possibilities. But let’s be real — unexpected mishaps like medical emergencies, lost passports, or flight cancellations can disrupt plans. That’s where travel insurance…
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