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BANKING LEADERSHIP CHANGES
Ashok Vaswani to step down as Kotak Mahindra Bank MD & CEO; bank begins search for successorIn a surprising announcement, Ashok Vaswani, CEO and Managing Director at Kotak Mahindra Bank, has decided to step down on December 31, 202...- NSE IPO to value exchange at Rs 5 lakh crore? 2 scenarios every investor should watchNSE's proposed IPO could value the exchange at around Rs 5 lakh crore, making it one of India's most valuable listed financial institutions...
- OpenAI weighs IPO in 2027 after expected Anthropic public debutAI giant OpenAI is reportedly eyeing a 2027 initial public offering, potentially after rival Anthropic. Both companies have confidentially ...
- On This Day in History, June 27: World's first ATM installed, Peter the Great wins at Poltava, Atari founded, Djibouti gains independence, first colour TV demo and moreOn This Day in History, June 27, history spans military victories, political change, scientific innovation and technological breakthroughs....
- Strong bet! SBI Mutual Fund investors already sitting on 3x returns ahead of IPO launchSBI Mutual Fund’s unlisted shares have delivered nearly 3.8x returns over the past three years, helped by sharp price appreciation and a 3:...
- JPMorgan puts two more in line to succeed Jamie DimonJPMorgan Chase has appointed Doug Petno and Troy Rohrbaugh as co-presidents, signaling a significant step in succession planning for CEO Ja...
- AI levels the playing field as IT giants target mid-market gameWith the disruption that artificial intelligence has brought, mid-market companies have now accelerated tech spending, creating scalable op...
- WhatsApp 'Boss' Scam: Employees opened a ZIP file sent by 'manager' and lost Rs 3.5 crore; here’s how this dangerous fraud is targeting company officialsWhatsApp Boss Scam: Two Indian companies have collectively lost nearly Rs 3.5 crore in a sophisticated cyber fraud involving malicious zip ...
- US Stock Market: Bessent applauds Fed communication reset, questions dot plot's relevanceU.S. Treasury Secretary Scott Bessent has backed Federal Reserve Chair Kevin Warsh's push to revamp the Fed's communication strategy, inclu...
- Global Market: How SK Hynix's AI bet helped it eclipse Samsung in market valueSK Hynix’s rise to South Korea’s most valuable listed company reflects a long-term bet on HBM chips that became central to the AI boom. Bac...
- Kunal Shah heads to Meta; New-age IPO playbookHappy Tuesday! Kunal Shah has taken over as WhatsApp's chief, while Meta backs Cred in a major funding deal. This and more in today’s ETtec...
- Young, loss-making startups keep OFS portion lean as investor scrutiny growsNew-age, loss-making startups are prioritising large fresh issue components in their IPOs to fund growth, a shift from the 2021-22 cycle. I...
- NFO Alert: Tata Mutual Fund announces launch of Tata Multi-sector Passive FoFTata Mutual Fund has launched the Tata Multi-sector Passive FoF, an open-ended scheme investing in passive equity funds across various sect...
- US Stock Market: Warsh reshapes Fed playbook with leaner messaging and reform agendaUS Federal Reserve Chair Kevin Warsh signalled a major shift in central bank communication by adopting shorter policy statements and focusi...
- Yen nears 40-year low, dollar gains as peace talks in doubtThe US dollar is flexing its muscles against the Japanese yen, much to the attention of market traders. The potential for a US-Iran peace a...
- Yen nears weakest in 40 years as BOJ hike fails to stem routThe yen remains near four-decade lows despite intervention and a Bank of Japan rate hike, as investor confidence is undermined by governmen...
- Aroop Biswas seeks freeze on TMC bank accounts, CPI(M) demands complete account freezeFormer Trinamool Congress (TMC) treasurer Aroop Biswas has sought an immediate freeze on the operation of party bank accounts, citing an on...
- AI infrastructure and data centre plays could be the next big theme: Atul SuriDespite negative sentiment and foreign investor selling, Indian equities are showing signs of building a base, with a breakout above 24,500...
- US Stock Market: Warsh faces key test as new Fed chair amid inflation concernsFederal Reserve Chair Kevin Warsh faces his first major policy test as inflation remains elevated and markets await clues on future interes...
- Ashoka University appoints Professor Rishikesha T. Krishnan as its next vice-chancellorAshoka University has appointed Professor Rishikesha T. Krishnan as its next Vice-Chancellor, effective August 1, 2026. A distinguished sch...
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