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Subscribe to enjoy similar stories. Bengaluru: In the dying days of 2024, Bench Accounting, a Canadian software-as-a-service (SaaS) startup that offered accounting and tax reporting services to small and medium-sized businesses, went belly up. Given its high-profile backers, the shutdown came as a shock.

Maruti Suzuki, believes electric vehicles (EVs) will take time to gain mass adoption, as customers still see them as secondary cars and remain concerned about public charging infrastructure, battery range, and post-sales support. However, Hyundai, the country’s second-largest carmaker, takes a different view, expecting EV sales to nearly double to 5% of total car sales by FY27 from an estimated 2.7% in 2024-25. This comes at a time when the central government is actively discussing plans to phase out petrol and diesel vehicles in Delhi-NCR in a bid to tackle air pollution. However, the comments were not based on reports that government is discussing phasing out fuel vehicles. Maruti has been among the slowest large carmakers to launch EVs, and its doubts about their mainstream acceptance persist. “EVs sold today are not primary cars, but rather secondary. Till the time we don't solve customer concerns on range, charging infrastructure and post-sales, buyers will not have confidence. EVs will remain a secondary car, where numbers will not grow fast,” TOI quoted Partho Banerjee, senior executive officer (marketing & sales) at Maruti Suzuki, as saying.

Subscribe to enjoy similar stories. BENGALURU : Tesco Plc, one of the UK’s largest retailers, was rocked by an accounting scandal and reported its worst annual loss in 2015. Its cash coffers were nearly empty, and there was a need to transform the business to get more cash.

Subscribe to enjoy similar stories. Recent monetary policy decisions in both the United States and India indicate a shift towards easing interest rates. The US Fed has been signaling that there is a need to keep the policy rate accommodative and is open to rate cuts if the data supports this.

Subscribe to enjoy similar stories. On 1 April, investors in Vadilal experienced a moment of sweet vindication as shares of the company surged more than 14% intraday, hitting a record high of ₹5,250. This was more than a mere spike in the small-cap stock—it was a resounding vote of confidence.

Saviynt, a provider of cloud-native identity governance solutions, on Wednesday announced that Nitin Varma has joined the company as senior vice-president and managing director for India and SAARC. The firm has nearly 600 employees in India serving all corporate functions. Varma’s appointment will strengthen its go-to-market effort, and he will be leading customer acquisition efforts, building and enhancing technical and consulting partnerships, and elevating its overall position as a provider of identity security solutions in India and SAARC, said a company statement. India is part of the eight-nation grouping of the South Asian Association for Regional Cooperation (SAARC).

ET Edge SCM Fest 2025

Donald Trump's "Liberation Day" is here, a day where he seeks to alter the global trade structures by imposing reciprocal tariffs on countries that, according to him, treated the US unfairly. This will have widespread implications for the world including India. Even though experts predict the impact will be minimal and transient, the domestic stock market doesn't seem to think so. Benchmark Sensex plummeted 1400 points on Tuesday, highlighting the deep fears pervading among investors. In this context, here is a study on how investors should approach the next two days of trading.

property investments. One such individual, who runs a business that can be managed remotely, recently shared a unique strategy—buying property in Dubai and using its rental income to fund a rental home in India. The dilemma arises from the high cost of property in South Delhi, where homes in prime locations cost ₹5-7 crore. Although financially capable of buying a home outright, the buyer feels that the value for money in Delhi’s property market is unappealing. Instead, a relative suggested purchasing real estate in Dubai, which offers better returns and additional benefits like a Golden Visa for investments exceeding AED 2 million (approximately ₹4.6 crore). A ₹5 crore property in Dubai can yield rental returns between 5-8%, generating ₹25-40 lakh annually. After taxes, this translates to ₹1.7-2.56 lakh per month. In contrast, renting a similar property in South Delhi costs only around ₹1-1.2 lakh per month, based on a rental yield of 1.5-2.5%. This means the investor could cover rent in Delhi while still pocketing ₹1-1.5 lakh monthly from the Dubai investment.

Amazon's movie strategy is finally ready for its close-up. After a decade-long dalliance with big-screen theatrical releases, the giant tech company will take center stage this week at the annual convention for theater owners, spending several million dollars to parade a stream of A-list stars including Ryan Gosling, Ben Affleck and Chris Hemsworth. It is the first time the company has ever taken on such a role. The point: to prove that its movie arm, Amazon MGM Studios, is serious about releasing around 14 big, broad commercial films a year to theaters nationwide and around the world.

Subscribe to enjoy similar stories. Hindustan Unilever Ltd (HUL) has drafted in Rajneet Kohli, former chief executive officer (CEO) of Britannia Industries Ltd, as executive director, foods, a move that marks a sharp departure for the FMCG major which has mostly preferred elevating in-house talent to its leadership positions. Kohli, a veteran of the FMCG sector, worked with companies like Jubilant Foodworks, Coca-Cola and Asian Paints before joining Britannia as CEO.

safe-haven assets. However, rising prices have crimped consumer sentiment, impacting sales of the yellow metal. Gold is currently trading at ₹90,966 per 10 gm in the physical market, up by ₹1,802 per 10 gm from Friday, when India's bullion market was last open. The market was closed on Monday due to Eid.

AQR Capital Management's multistrategy hedge fund beat the market with a 9% rally in the first quarter as Wall Street grappled with extreme volatility amid President Donald Trump's uncertain tariff policy.

As part of the takeover completion, Mouhammed Choukeir has been appointed chief executive of UBP's UK division. UBP acquires Kleinwort Hambros as part of Societe Generale deal He will be in charge of all of UBP's wealth management activities in the UK, Channel Islands and Gibraltar and lead the teams' integration while bringing about a strategy for integrated wealth and asset management solutions for both domestic and international clients. In addition, all UBP teams from London will move into the firm's recently opened office in Marylebone later this year. «Becoming UBP is a fa...

NYT Connections April 1, 2025: Answers and Hints for Puzzle #660: The latest NYT Connections puzzle has players scratching their heads as The New York Times delivers an April Fool's Day twist. Unlike traditional word-based puzzles, today’s game is packed with symbols, making it feel like a joke. If you’re stuck, we’ve got all the hints and answers to help you crack this tricky challenge.

Kalpraj Dharamshi, Veteran Investor in conversation with Ravi Dharamshi, CIO, ValueQuest Investment. Kalpraj says to keep up with Rakesh Jhunjhunwala, one had to eat, breathe, and live in the markets. He did not suffer fools gladly. He could attack one’s opinions viciously and one had to be able to stand one’s ground. He did not like yes-men around him and till the end, there were no yes-men around him. Kalpraj says Radhakishan Damani is a rarest of rare gems. He has been a successful speculator on the long side as well as on the short side. He figured out all the concepts of investing which we read about from Warren and Charlie and all these Peter Lynch's of the world and in a very desi earthy way. Ravi Dharamshi: How was the market when you joined back in the 1980s? Kalpraj Dharamshi: I joined the market in mid-80s, late 80s, the market. There was only one exchange, which worked for two hours. There was only one index, which was the Sensex. And the day I joined, the Sensex was around 550 or something. As soon as I joined, there was a bear market. VP Singh came out with the Budget and from February of 1986 to the end of 1987, we had a bear market and the Sensex went down to 390.

«We believe that in such kind of situations where you still have a lot of uncertainties, markets generally tend to give a lot more weightage to the near-term earnings,» says Shiv Chanani, Baroda BNP Paribas MF. This is the first day of the new financial year. In fact, we are coming out of a month of extremes. March was a month of extremes. We saw extreme lows and then a great recovery coming in, in the second half of the month. So, today, of course, what is playing out really is the threat from the reciprocal tariff from Trump. But generally, now, is there some bit of comfort as far as market valuations are concerned? Are you constructively more optimistic about the markets going ahead? Shiv Chanani: So, as you rightly said, that it is a bit of a contrast right now where we are seeing a bit of operating environment which is uncertain. I mean, of course, tomorrow being the so-called Liberation Day, we do not know really what is coming out of that.

Subscribe to enjoy similar stories. Investors are often advised to buy equity funds and to stay invested for the long term to achieve optimal returns. However, an equally important aspect—knowing when and how to exit—often takes a back seat or is overlooked.

Indian Economic Service (IES) Examination in 2024 was an achievement beyond Aahana Srishti’s wildest dreams. Taking to LinkedIn, Aahana Srishti emphasised the importance of having a Plan B for civil service aspirants.

Subscribe to enjoy similar stories. WASHINGTON—President Trump said that he had settled on a plan for his latest batch of tariffs expected this week but didn’t reveal what he had decided, after his economic team struggled to coalesce around a remade U.S. trade strategy.

The mood in cryptocurrency markets hasn't improved to start this week, as Bitcoin (BTCUSD) and a number of stocks tied to digitalcurrencies are all moving lower Monday morning.