World Updates
Following a strong rebound after India and the US agreed to a trade pact on alleged dollar purchase by importers and corporations, the rupee fell 22 paise to 90.54 against the US dollar in early trading on Wednesday. Rupee Movement After India-US Trade Pact Optimism There is currently no signed or formally announced trade agreement, … Read more
With new foreign fund inflows and optimistic sentiment following the India-US trade deal, benchmark indices Sensex and Nifty were rising in early trading on Wednesday, building on the previous day’s dramatic rally. Early Market Performance & Key Movers However, a steep drop in IT stocks limited the market’s upswing. Early trading saw the 30-share BSE … Read more
Peak XV Partners, one of India’s leading venture capital firms, is facing major turbulence as multiple top partners exit the firm. Differences over Groww payouts and carried interest in a new fund have triggered a wave of departures, raising questions about the fund’s stability and future investment strategies. Recent Departures Shake Peak XV Partners Up … Read more
Anthropic’s AI tool leads a global tech selloff that causes Infosys, TCS, and other IT stocks to fall as much as 6%. Indian IT stocks tumbled sharply after a global tech selloff, as fears grew that rapid advances in artificial intelligence could disrupt traditional software and services businesses. Global Tech Selloff Hits Indian IT Stocks … Read more
The Appellate Tribunal for Electricity (APTEL) has reaffirmed that renewable energy developers cannot take advantage of delays caused by their own failure to meet contractual obligations, particularly in signing power purchase agreements on time. APTEL Ruling on Delays in Renewable Energy Projects A renewable energy project developer cannot profit from its own delay in signing … Read more