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Lip-Bu Tan may be one of the most powerful technology executives you've never heard of. As he steps into one of the highest-profile jobs on the planet, CEO of troubled, storied chipmaker Intel, his performance will be on full display. Tan, named Intel CEO on Wednesday, faces an enormous challenge in turning around the operations of a company that put the «silicon» in Silicon Valley. While little known to the public, his advantage is that virtually every one of Intel's former and potential customers knows him and has done business with him, either buying one of the many startups he backed or using software from a company he ran.

Subscribe to enjoy similar stories. A blockbuster diabetes drug will soon be available to Indian patients at a tenth of its cost, as its patent expires. At least four Indian generics players have launched cheaper variants of the drug, which is used to treat type-2 diabetes as well as heart and kidney ailments.

Vedanta Ltd's promoters will maintain over 50% stake in each of its demerged entities, as the focus remains on creating pure-play companies which will be better placed to capitalise opportunities, the group's chairman said. The mining conglomerate is looking to demerge its businesses — aluminium, oil & gas, power and steel- as separate entities. At present, these businesses are subsumed within Vedanta Ltd, the Indian subsidiary of UK-based Vedanta Resources. «We realised that most of our businesses are sitting under a large banyan tree structure, that is Vedanta. It is better to take them out and allow them to grow in the sun,» Vedanta Resources chairman Anil Agarwal told ET during an interaction. There is no need for a stake sale for cutting debt at the holding company level, he said. «We are very comfortable with our shareholding levels and have no plans to pare down our promoter stake in any way. Equally, we have no plans to increase our stake in any of the companies that will be demerged,» he said, explaining that the company is sufficiently funded to manage affairs through internal accruals. But it is open to selling the steel business if a «right price» is offered.

This is a welcome move. But just adding seats won't be enough to harness the full potential of IITs.

Subscribe to enjoy similar stories. Lucknow-based SLMG Beverages Pvt. Ltd, a major Coca-Cola bottler in India, plans to invest up to $1 billion by 2030 to expand its production capacity in the populous states of Bihar and Uttar Pradesh, according to a company executive.

HSQ initially invested in Kingswood in September 2019, injecting up to £80m in growth equity capital to support the business. HSQ currently holds 68.4% of Kingswood's voting rights. Kingswood said it has been impacted by «headwinds seen across the sector over the last couple of years», despite HSQ's investment. This resulted in the company's growth not being as strong over the period as management had expected, it set out. Assura receives cash offer from KKR and Stonepeak Partners In conjunction with this, its acquisition strategy has seen the company's debt position increase signi...

Demokraatit Party obtained the highest number of voter support. The outcome emerged during a period when the territory has experienced increased global attention from the US. As per reports, voters prioritized social matters such as healthcare and education before the question of independence from Denmark.

Denmark. According to the poll results of the Greenland elections, released on Wednesday, the Demokraatit Party emerged victorious on 10 out of the 31 seats in the Inatsisartut parliament, gaining more than a three-fold increase in its legislative strength.

Krishna Byre Gowda on Wednesday. Under the Maintenance and Welfare of Parents and Senior Citizens Act, 2007, by the central government, any will or gift deed made in favor of neglectful children can be legally revoked, he said while speaking in the Legislative Council. «In recent times, we have seen a growing number of cases where elderly parents are left without care,» Gowda said while responding to a question from Balkees Banu, a member of the council. " If children or relatives neglect their elderly parents, the seniors have the legal right to revoke any will or gift deed made in their name,” he added. The Central Government enacted the law in 2007, but awareness remains low, the minister noted. The legislation mandates that children or relatives must provide financial and medical support to senior citizens. If they fail to do so, elderly parents can file a complaint under Section 9, after which authorities can take action. “If a complaint is proven, and children or relatives who have inherited property fail to take care of their parents, Section 23 allows for the cancellation of any will or gift deed made in their favor, restoring ownership to the parents,’ Gowda informed. The responsibility for handling these cases lies with the sub-divisional officers. The revenue minister stressed that thousands of such cases are already being heard by the officers

Different investment products cater to the distinct needs of various individuals. Mutual funds and portfolio management services (PMS) are examples of such products. While mutual funds have a ticket size of as low as ₹100, PMS schemes require a minimum investment of ₹50 lakh, mainly catering to high-net-worth individuals (HNIs).

Adani Enterprises are set to be in focus on Wednesday after the company’s real estate arm, Adani Properties Pvt Ltd (APPL), emerged as the highest bidder for the redevelopment of Motilal Nagar, one of Mumbai’s largest housing projects. The total redevelopment cost is estimated at Rs 36,000 crore. Sources told PTI that APPL surpassed its nearest competitor, L&T, by offering more built-up area than the latter. The Motilal Nagar project spans 143 acres in the western suburb of Goregaon (W) and includes the redevelopment of three separate parcels—Motilal Nagar I, II, and III.

Varun Goel, Senior Fund Manager, Mirae Asset Investment Managers, says the lending space definitely looks attractive, both banks and NBFCs. Secondly, export-oriented sectors, be it IT and pharma, should do well. There has been a significant depreciation in the rupee, which will definitely boost the margins of a lot of these exporting companies. Low-ticket discretionary items in India should also show a good bounce back as the benefit of tax cuts start showing the impact. So, there are a lot of sectors which should see good earnings growth coming back in FY26 and they are selectively participating in those spaces. How are you assessing the market construct right now with so many moving parts at play? The US equity market correction has just begun. We are seeing a reversal in the dollar as well, which typically has never been the case because in a risk of a scenario, you actually see the dollar hold up. But that is not really the case right now and of course, emerging markets are a bit of a divided construct as well, if you will. Varun Goel: As far as Indian markets are concerned, a cyclical slowdown has been playing out for the last six to nine months and it appears that growth is incrementally going to get better.

Chirag Mehta, CIO, Quantum AMC, says small and midcaps are still a bit expensive and there could be some more current downsides because of the high valuations that prevail in those segments. From a largecap perspective, some pockets of opportunity are starting to emerge. But on a broader basis, there could be some more downside from here on and would give a good opportunity to deploy further into the markets. Mehta also says in the case of IT, on a holistic basis, there could be near-term jitters, but from a medium to long-term perspective, we are still comfortable with what Indian IT services can deliver. What is your take on the markets right now? We are seeing of late that India is witnessing a bit of a recovery, but it is the global peers that are under pressure. Has the majority of the selling for Indian markets already happened and maybe it is time to look out for some of the opportunities in this market or do you believe that there could be some more pain in store? Chirag Mehta: Yes, India was doing well in terms of economic growth over the last two years on a relative basis and also the market was reflecting that. But markets got carried away in terms of valuations that they were prevailing in across the segment and more so in the mid and smallcap segment given the flows to that segment were very high.

Subscribe to enjoy similar stories. New Delhi: Sunil Mittal-chaired Bharti Airtel Ltd has inked a pact with Elon Musk-backed Starlink to offer satellite internet services in India, raising the stakes in the battle with Mukesh Ambani's Reliance Jio Infocomm Ltd. Starlink’s service will be marketed in India through Airtel.

Old 401(k)s are a little like the old clothes in the back of your closet

Here are some facts about the drug war during Duterte's presidency from 2016 to 2022: CAMPAIGN VOWS TO 'KILL' As longtime mayor of the southern Philippine city of Davao, Rodrigo Duterte was known as «the punisher» for his harsh policies. His profanity-packed speeches and death threats to drug gangs were a feature of his successful campaign for the presidency in 2016. Among his statements during the campaign were: «Forget the laws on human rights. If I make it to the presidential palace, I will do just what I did as mayor. You drug pushers, hold-up men and do-nothings, you better go out. Because I'd kill you.» He said his campaign in Davao kept citizens safe from crime. He also reiterated his intentions for a violent crackdown to Reuters reporters during the campaign.

Sri Nachammai(up 16.96%), Kreon Financial(up 16.47%) and Pasupati Acrylon(up 15.49%) were among the stocks that surged over 15%.

"SBI is certainly within the public sector framework, it is the best within the lot. But if my choice has to be there, today I would prefer to go with Kotak and ICICI," says Deven Choksey, MD, DRChoksey FinServ Pvt. Ltd. What are your thoughts on IndusInd Bank? What is it that you have made of these discrepancies in their accounting balances, estimating an adverse impact of nearly about 2.35% on their net worth as of December 2024. We have of course seen the stock take quite a bit of hit yesterday itself when Sumant Kathpalia’s extension got shortened to one year and not three years. But other than that, now that it seems that in the interim IndusInd Bank is not going to be really the preferred one, which of the private banking names do you prefer right now if you were looking to add positions in this current market? Deven Choksey: It is a challenging activity business-wise for most of the banks. On one side, they have to cope up with the technology front for reaching out to their customers and efficiently processing the loans and collecting the deposits.

Domestic benchmark index NSE Nifty fell 58.35 points to 22401.95, while the BSE Sensex traded 271.02 points down at 73844.15.

Subscribe to enjoy similar stories. Tibet’s exiled spiritual leader, the Dalai Lama, writes in a new book that he intends to be reincarnated outside China and called on the Tibetan people to reject any successor chosen by Beijing.

The Nifty future closed negatively with losses of 0.63% at 22,507 levels on Monday. India VIX rose nearly 4% to close at 13.98 in the previous session.