BUSINESS
In an unusual pattern, Nifty 50 moves in sync with volatility index for days
Smaller and mid-cap shares have tumbled more than the broader market since the Sept. 26 high, with Nifty gauges tracking them down more than 18%. While investors have so far remained largely bearish, some firms have turned positive recently.
BUSINESS
StanChart chosen as dollar settlement bank at GIFT City
Banks having units in the GIFT City have been asked to set up trading accounts with the British bank, said the people, who asked not to be identified as discussions are private.
BUSINESS
Mercedes set to cut jobs in China as local competition heats up
It’s unclear whether the move will affect the automaker’s local head office or the production units it runs through joint ventures with Chinese firms.
WORLD
YouTube star MrBeast is raising money at a $5 billion valuation
The most popular creator on YouTube has spoken with several financial firms and wealthy individuals about investing
WORLD
Nissan prepares to replace CEO after Honda deal falls apart
Nissan directors are gauging interest in potential candidates to succeed Makoto Uchida, the 22-year company veteran who’s been CEO since late 2019
WORLD
Israel, Hamas say hostage and prisoner swap to go ahead
The exchange is the last of nine agreed to under the terms of a 42-day pause in hostilities brokered by Qatar, Egypt and the US in January
BUSINESS
Nvidia gives ‘underwhelming’ report after two years of blowouts
The stock had been down 2.2% this year, following stratospheric gains in 2023 and 2024 that turned Nvidia into the world’s most valuable chipmaker
WORLD
Asian equities in tight range after Nvidia underwhelms
Shares in Australia rose while Japan was steady. Hong Kong equity index futures pointed to a lower open while contracts for the S&P 500 and Nasdaq 100 were little changed in early Asian trade
WORLD
China takes tougher tone on Taiwan, announces military drills
President Xi Jinping has previously declared China's unification with Taiwan "can without a doubt be realized", but the new language on molding that process suggests Beijing will take a more proactive approach.
BUSINESS
Singapore Tycoon Kwek accuses son of boardroom coup attempt
The billionaire Kwek, 84, said in a statement that he had sought to dismiss his son, Sherman Kwek, from the CEO position earlier in February due to what he alleged were “serious lapses of corporate governance.” Leng Beng said Sherman had consolidated control of the company’s board, which prevented the firing.
WORLD
EU to seek India’s help to enforce sanctions on Russia
No major announcements are expected during the EU visit on Thursday and Friday, but the two sides will try to put together a framework to set the agenda for an India-EU summit scheduled for later in the year, the official said.
BUSINESS
Noodle maker Nissin plans big investments, eyes pickup in demand
Nissin Foods expects continued demand for cheap precooked noodles even as the industry works to shed its image of being an unhealthy staple, President and CEO Koki Ando said in an interview on the sidelines of the World Instant Noodles Association summit in Manila on Wednesday.
BUSINESS
China to start bank recapitalization with at least $55 billion
Authorities are looking to inject at least 400 billion yuan ($55 billion) of fresh capital into the first batch of banks.
WORLD
Trump envoy Witkoff says developers will convene on Gaza future
Trump's Middle East special envoy Witkoff said a summit will soon be held where developers will convene to discuss the administration's Gaza plans.
WORLD
Tesla feels the wrath of anti-Elon Musk backlash
The EV maker’s sales fell 45% across Europe in January, following its first annual decline in global deliveries in over a decade
BUSINESS
Blackstone-backed PAG mulls sale of $1.2 Billion Stake in Nuvama
PAG invested about $325 million for a controlling stake in Nuvama, formerly known as Edelweiss Wealth Management, in 2021.
WORLD
US tax cut chances rise as House passes budget targeting safety net
The House budget would pave the way for $4.5 trillion in tax cuts
WORLD
Xi urges officials to stay calm as US raises pressure on China
Xi made the remarks to top officials including Politburo and State Council party members after reviewing their work over the past year
WORLD
DeepSeek reopens AI model access as China rivalry heats up
DeepSeek suspended top-ups in early February because of capacity shortages
BUSINESS
Tech giants have pledged over $1 trillion in US investment, so far
Corporate pledges have become a Trump tradition. Around the start of Trump’s first term eight years ago, the Japanese investment giant SoftBank Group Corp. made a staggering commitment to invest $50 billion in the US that, it said, would create 50,000 jobs.
WORLD
Chinese shares rise as tech rebounds after selloff
A gauge of the region’s stocks swung between gains and losses with Chinese technology shares gaining more than 2%, led by Alibaba Group Holding Ltd. and JD.com Inc
BUSINESS
Tesla market value slips below $1 trillion as Europe sales sink
Tesla shares are now by far the biggest decliner among the mega-cap technology stocks, weighing heavily on the group’s overall performance
BUSINESS
Unilever ousts chief Hein Schumacher, elevates CFO in push for faster growth
The Anglo-Dutch consumer goods company said Chief Financial Officer Fernando Fernandez will take over as CEO on March 1 and hailed his ability to "drive change at speed".
BUSINESS
Insolvency and Bankruptcy Board finalising changes to speed up resolution
Global investors have long been cautious about lending in India, where insolvency cases can often run for years with poor recoveries.
