Prem Watsa, the Indian-Canadian billionaire, for the first time, publicly outlined his succession plan, confirming that his son Ben Watsa will take charge of Fairfax Financial Holdings in the years ahead. The revelation features in The Fairfax Way, an upcoming book by author David Thomas, whose draft was shared with ET before publication. Watsa, 75,…
After more than two centuries of jingling in pockets and cash drawers, the American penny has reached the end of its life. The final batch of one-cent coins was pressed this week at the US Mint in Philadelphia, an event overseen by US Treasurer Brandon Beach.Earlier in February, US President Donald Trump announced that he…
The Union Cabinet on Wednesday approved the Export Promotion Mission (EPM) to establish a structure for enhancing India’s export capabilities. (AI image) The Modi government’s move to approve an Export Promotion Mission aimed at countering the impact of the global trade situation may be laced with implementation challenges, says Ajay Srivastava, founder of Global Trade…
US President Donald Trump has revived one of his most unusual economic ideas, sending rebate cheques to Americans funded by the tariffs his administration has imposed. The announcement comes amid growing concerns about affordability across the United States.“People that are against Tariffs are FOOLS!” Trump wrote on Truth Social on Sunday. “A dividend of at…
The current price action, combined with improving momentum indicators, signals that MCX Gold is poised for further gains in the near term. (AI image) Gold and silver price prediction today:Gold prices may continue to rally in the coming sessions, maintaining their upward momentum while silver is also expected to gain, says Abhilash Koikkara, Head –…
Asian markets traded mostly in red on Thursday as excitement over the end of the United States’ record government shutdown quickly lost steam. With the focus shifting back to the Federal Reserve’s next interest rate decision and mounting fears of a technology sector bubble, investors showed little appetite for risk.Nikkei jumped 88 points or 0.17%…
Market analysts anticipate the positive trend to continue, backed by ongoing company results, positive developments in India-US trade negotiations. (AI image) Stock market today: Nifty50 and BSE Sensex, the Indian equity benchmark indices, opened flat in trade on Thursday. While Nifty50 was near 25,850, BSE Sensex was above 84,400. At 9:17 AM, Nifty50 was trading…
Top stocks to buy (AI image) Top stock market recommendations: According to Aakash K Hindocha, Deputy Vice President – WM Research, Nuvama Professional Clients Group, the top buy calls for today are: Bajaj Auto, Minda Corporation, and Union Bank of India. Here’s his view on Nifty, Bank Nifty and the top stock picks for November…
MUMBAI: A high-powered committee set up by the markets regulator Sebi to look into the conflict of interest issues of its top officials, including the chairman, came out with a report suggesting stricter rules. The report said that, among others, all the top officials should be identified as insiders, should periodically disclose their assets and…
MUMBAI: Even as major banks are revising upward their projections for corporate credit growth, rating agency Icra has said that corporate lending is yet to see a meaningful revival. “Corporate credit is very difficult to call out, whether it will go up or not. There appears to be some uptake in the second quarter. Whether…
