Renault will buy Nissan's 51 percent share in its Indian auto manufacturing division.
According to news agency Reuters, the Renault Group declared on Monday, March 31, that it intends to purchase the remaining 51% of Renault Nissan Automotive India Private Ltd, which is owned by the Japanese carmaker.Nissan controls 51% of the Chennai-based subsidiary Renault Nissan Automotive India Private Ltd, which began operations in 2010, according to the news report.At the beginning, the Japanese automaker owned 70% of the company, with the Paris-based Renault holding 30% as well. As part of the agreement to invest $600 million to manufacture six automobile models in India, Nissan's stake decreased from 70% to 51% in 2023.According to the agency report, Renault and Nissan also declared on Monday that they had reached an agreement to modify their long-standing relationship by allowing the decrease of their cross-shareholdings to 10% from the previous 15% levels. In the official statement referenced in the story, Renault CEO Luca de Meo stated, "As Nissan's primary shareholder and a longstanding partner within the alliance, Renault Group has a strong interest in seeing Nissan turn around its performance as quickly as possible."Nissan will no longer be bound by the agreement's revised terms to invest in Renault's electric vehicle (EV) division, Ampere. At first, the business intended to invest 600 million euros in the EV project.
Published 01 Apr 2025 09:33 PM
Fachmann Berater and Cornerstone India Consulting have announced their merger.
Fachmann Berater Executive Search Pvt Ltd, situated in Chennai, and Cornerstone India Consulting, the Indian division of Atlanta-based Cornerstone International Group, a top 20 global executive search firm, have agreed to an operational merger.Cornerstone India Consulting's growth goals of becoming a leading executive search brand will be expedited by the combination. Additionally, according to a release, Fachmann Berater's clientele, which is dispersed across a variety of industries, and its unique skills will undoubtedly help Cornerstone achieve its operational and strategic goals, benefiting all of our stakeholders.Fachmann Berater Executive Search Pvt Ltd, situated in Chennai, and Cornerstone India Consulting, the Indian division of Atlanta-based Cornerstone International Group, a top-20 worldwide executive search firm, have agreed to an operational merger.
Published 25 Mar 2025 08:44 PM
The purchase of a 10% share in Tata Play by Tata Sons from Temasek is approved by CCI.
With the approval of the Competition Commission of India (CCI), Tata Sons has increased its ownership of Tata Play to 70% by purchasing a 10% share from Baytree Investments. Additionally, Tata Play and Bharti Airtel are negotiating a DTH business merger. With Airtel predicting a majority ownership, the combined company might be worth between 6,000 and 7,000 crore. The purchase of a 10% share in Temasek-owned Baytree Investments' direct-to-home (DTH) service Tata Play by Tata Sons has been authorized by the Competition Commission of India (CCI). Following the transaction, Walt Disney now owns 30% of Tata Play, while Tata Sons now own 70%.According to an ET story on April 30, 2024, Temasek's 10% interest in Tata Play was purchased by Tata Sons for about $100 million, increasing its ownership to 70%. Tata Play was valued at $1 billion in the deal, a substantial decrease from its previous $3 billion estimate.
Published 18 Mar 2025 06:13 PM
Allianz, a global insurer, is negotiating a Viridium deal worth more than $3 billion.
Allianz, a German insurance giant, is in exclusive negotiations to buy Viridium. The transaction would strengthen Allianz's domestic operations and value the smaller company, which consolidates closed books of insurance contracts, at around $3 billion.The Wall Street Journal said on Friday that Germany's Allianz SE is in exclusive talks to buy Viridium Group from European private equity company Cinven for more than €3 billion, or roughly $3.3 billion. The goal of the possible deal is to expand the financial services behemoth's domestic activities. Germany's Allianz SE is in exclusive negotiations to acquire Viridium Group from European private equity firm Cinven for over €3 billion (approximately $3.3 billion), The Wall Street Journal reported on Friday. The potential deal is looking to increase the financial service giant's domestic operations. As per the report, Allianz beat out rival bidders including Athora, an insurer affiliated with Apollo Global Management.According to its website, Viridium, a German company as well, administers and purchases closed life insurance portfolios with the goal of reducing expenses and increasing investment returns. It is in charge of more than €67 billion in assets.According to its website, Viridium, a German company as well, administers and purchases closed life insurance portfolios with the goal of reducing expenses and increasing investment returns. It is in charge of more than €67 billion in assets.
Published 07 Mar 2025 11:13 PM
The NIFTY50 hovers above 22,800, the SENSEX jumps 1,131 points, and the whole market shines as well.
The NIFTY50 and SENSEX both ended the day at their one-month high. For the first time since February 21, 2025, the 50-share NIFTY 50 index surpassed the 22,800 level. Additionally, the BSE SENSEX leveled off above 75,000.Tuesday, March 18, saw a 1.5% increase in the Indian stock market due to strong buying in the financial and metals sectors and outperformance by the overall market. The encouraging global cues also improved market sentiment. The NIFTY50 and SENSEX both ended the day at their one-month high. For the first time since February 21, 2025, the 50-share NIFTY 50 index surpassed the 22,800 level. Additionally, the BSE SENSEX leveled off above 75,000. The NSE's NIFTY50 index closed 325.55 points, or 1.45%, higher at the 22,834.30 level, while the S&P BSE SENSEX closed at 75,301.26, up 1,131.31 points, or 1.53%. Out of the 3,016 equities that were traded on the NSE, 2,288 scrips rose, indicating that the market attitude continued in favor of bulls. At the end of the day, the smallcap and midcap indices both saw gains of nearly 2.8%. On Tuesday, all sectoral measures ended the day higher.Investors are also anticipating updates about tariffs and the US Fed's interest rate decision.
Published 18 Mar 2025 06:09 PM
How have portfolio managers performed in terms of returns when comparing mutual funds and PMS?
Current Market News Live Updates for Today: Watch the market wrap-up for today! Follow the fluctuations of the Sensex and Nifty 50, as well as the top winners and losers. See which sectors drove the growth (or drop) and how the US and Asian markets performed. Summary: For up-to-date information on your favorite businesses, follow Mint's market blog. This blog provides you with up-to-date information about global markets and Dalal Street.Late September 2024 saw the top of the Indian equity market, with many large-, mid-, and small-cap companies reaching all-time highs. But ever since, the market has been in a gloomy mood as investor morale has been affected by headwinds including high valuations, a slowdown in profitability, uncertainties around international trade, etc. As of February 21, 2025, the BSE Sensex has down 12.2%, the BSE Midcap has fallen 18.6%, and the BSE Smallcap index has fallen 20.5% from its peak.Based on 5-month returns, NAV decreases of 4–26% have been recorded for equity mutual funds across all categories as a result of the market's severe downturn.
Published 01 Mar 2025 07:41 PM
Highlights of the Budget and Economic Survey: As the budget session starts, FM Nirmala Sitharaman presents the Indian economy report.
Highlights of the Budget and Economic Survey: On January 31, Union Finance Minister Nirmala Sitharaman will deliver the Economic Survey, which examines the Indian economy, governmental policies, and prospects for the future. It discusses socioeconomic problems including poverty and education as well as macroeconomic performance.Highlights of the Budget and Economic Survey: On January 31, Union Finance Minister Nirmala Sitharaman will deliver the Economic Survey to Parliament, which will include a thorough examination of the Indian economy with an emphasis on a few important areas. Economic Survey: What Is It? The Indian economy's performance, governmental policies, and prospects for the next fiscal year are all summarized in the Economic Survey. It is separated into two sections: Part A examines economic performance, focusing on fiscal trends and macroeconomic statistics, while Part B discusses socioeconomic concerns like poverty, education, climate change, and the prospects for GDP growth, inflation, and trade.The Economic Survey is created by whom? The Department of Economic Affairs' economic section, led by Chief Economic Advisor (CEA) V Anantha Nageswaran, prepares the Economic Survey. The Economic Survey will be presented by whom? One day prior to the budget speech, on January 31, Union Finance Minister Nirmala Sitharaman will deliver the Economic Survey to the Parliament.
Published 31 Jan 2025 10:22 PM
EUR/USD remains firm as Trump raises tariffs cautiously
As US President Donald Trump announced lower-than-expected tariffs on China, EUR/USD stayed strong above 1.0400. ECB's Lagarde cautioned that the Euro bloc should be ready for US tariffs, while ECB's Stournaras said that if the US imposes tariffs on the Eurozone, the pace of policy easing could quicken.In Wednesday's North American session, the EUR/USD maintains its rise above the crucial support level of 1.0400. As investors assess the United States' (US) clear tariff measures to construct new positions, the key currency pair continues to rise. Following a new two-week low of 107.75, the US Dollar Index (DXY), which measures the value of the US dollar relative to six major currencies, recovers intraday losses.United States (US) President Donald Trump is ready to hike 25% tariffs on Mexico and Canada and 10% on China, which will come into effect on February 1. Although he hasn't given specifics yet, Trump has also pledged to address trade imbalances with the Eurozone. Trump stated on Monday that he would either "raise tariffs or Europe buy more US oil and gas" to address the trade deficit. The US Dollar's (USD) demand as a safe haven is declining as a result of these tariff calls, which seem less alarming than what market players had expected from Trump's remarks during the election campaign.Traders may be forced to reduce their bets on the Federal Reserve (Fed) to maintain interest rates at their current levels for an extended period of time if Trump's tariff rises are less drastic than anticipated. Market investors currently anticipate that for the next three policy sessions, the Fed will maintain borrowing rates between 4.25% and 4.50%.
Published 22 Jan 2025 09:56 PM
Who Won CSK vs. RR, Match 11 in Yesterday's IPL 2025 Match?
The outcome of yesterday's IPL 2024 match between CSK and RR: Watch the most recent IPL action as CSK and RR square off in the 2025 season's first game. Get all the match information and updates here, along with the results of the encounter.The highly anticipated Match 11 between the Chennai Super Kings (CSK) and Rajasthan Royals (RR) in the Indian Premier League (IPL) 2025 season was played at the Barsapara Cricket Stadium in Guwahati.Chennai Super Kings (CSK) lost against Rajasthan Royals (RR) by a margin of six runs. First to bowl, RR amassed 182 runs. Despite pursuing the objective, CSK ended up at 176 for 6 in 20 overs. The Rajasthan Royals (RR) defeated the Chennai Super Kings (CSK) by 6 runs in the March 30 IPL 2025 match. After two losses earlier in the season, this victory was RR's first. In contrast, CSK lost this game for the second time in a row.Highlights of the IPL 2025 match between the Rajasthan Royals and Chennai Super Kings: Wanindu Hasaranga takes four wickets to help the Royals overcome the Super Kings by six runs.
Published 31 Mar 2025 08:23 PM
India's bold strategy aids in a quick T20 reconstruction
The world champions are creating an environment where players perform well without worrying about keeping their spots in the squad or taking wickets.Kolkata: Although it's early, the process and outcomes give hope that India would successfully defend the T20 World Cup at home the following year. Despite the pessimism caused by the Test and ODI transition issues, India's T20 trajectory stands out thanks to series victories against South Africa, Bangladesh, Sri Lanka, Zimbabwe, and now England. Even more so when one considers that Kuldeep Yadav, Shubman Gill, Jasprit Bumrah, Rishabh Pant, and Yashasvi Jaiswal have not been parachuted in.This is most likely a greater accomplishment. However, they have approached it virtually undetected. No culture of stars. Verify. No set order for batting. Verify. Just a group of young, talented, and incredibly self-assured cricket players going about their business without worrying about career curves. By the way, all IPL linchpins.Captain Suryakumar Yadav acknowledges his lack of quality as he is left off the Champions Trophy roster. Abhishek Sharma thinks a ball is there to be struck, hence he doesn't count returns. As long as Tilak Varma is at the crease, the second Twenty20 match in Chennai demonstrated that no equation is too difficult. And the fact that India lost to 12/3 and then 79/5 at Pune on Friday, yet still managed to score 181, demonstrated that the previous game's disaster chasing in Rajkot was really a fluke. The realization that not everything can be managed lies at the core of this long-term upsurge. Earlier this week, Sitanshu Kotak, India's new batting coach, said it. "To achieve a score of 200 or 225, and if you are
Published 04 Feb 2025 04:28 PM
Rishabh Pant appointed as captain of Lucknow Super Giants for IPL 2025: 'His nicknames would be linked to Rohit Sharma, MS Dhoni'
Rishabh Pant has become oficial captain of Lucknow Super Giants for the IPL 2025.Rishabh Pant, el jugador más caro en la historia de la auction de la Premier League de India, has sido designado como captain de Lucknow Super Giants para el IPL 2025. The proclama fue emitida on Monday. Pant estableció un récord durante el mega auction in November del año pasado, donde LSG co-fundador Sanjiv Goenka obtuvo sus servicios por un monto nunca antes visto de ₹27 crore.Considerando his prestigio e inversión, parecía ineludible que Pant asumiera la responsabilidad de liderar. A pesar de que Pant's IPL 2024 temporada con Delhi Capitals resultó ser decepcionante, clasificándose en la sexta posición, Lucknow Super Giants, que se ubicaron justo por debajo en la séptima, confían en el 27-year-old para guiarlos hacia una temporada de éxito. "Considero que Rishabh Pant va a terminar como uno de los mejores captains de IPL alguna vez." "After 10-12 años, he would be linked to MS Dhoni and Rohit Sharma," declaró Goenka.Rishabh Pant busca un comienzo renovado. Pant asume el cargo de captain de KL Rahul, aportando un renovado sentido de energía y propósito a los Lucknow Super Giants. Determinado a realizar un vigoroso retorno, Pant tiene mucho por demostrar tras superar un periodo difícil. He no participó en muchas acciones, recuperando en 2023 de un accidente de coche que resultó mortal, y batallando en the Border-Gavaskar Trophy, consiguiendo menos de 200 runs en 10 innings con apenas un medio siglo. Naturalmente, Pant would aprovechar la serie de blancos frente a England y la Champions Trophy para recuperar su forma antes del inicio de la IPL.
Published 20 Jan 2025 09:17 PM
The Gujarat Titans begin their IPL 2025 preparations.
Anuj Rawat, Ishant Sharma, Jayant Yadav, Kumar Kushagra, Mahipal Lomror, and Arshad Khan are among the players who have joined the team in the camp.According to a statement from the team, the Gujarat Titans kicked up their training camp in Surat on Monday in anticipation of the Indian Premier League (IPL) 2025.Along with the coaches and support personnel, a number of players have joined the team in the camp, including Anuj Rawat, Ishant Sharma, Jayant Yadav, Kumar Kushagra, Mahipal Lomror, and Arshad Khan.In last year's massive auction in Jeddah, Saudi Arabia, the 2022 Champions assembled a formidable 25-man team by acquiring top players like England's Jos Buttler, South Africa's Kagiso Rabada, Mohammed Siraj, one of India's top fast bowlers, and all-rounder Washington Sundar.The Gujarat Titans kept Shahrukh Khan, Sai Sudharsan, Rahul Tewatia, Rashid Khan, and Shubman Gill. The 18th season of the Indian Premier League (IPL) 2025 will start on March 23, according to confirmation earlier Sunday by Rajeev Shukla, vice president of the Board of Control for Cricket in India (BCCI). Speaking to media at the Special General Meeting (SGM) in Mumbai, Rajeev Shukla disclosed the IPL 2025 date, stating, "IPL is going to start from March 23." The big auction, which took place in Jeddah on November 24 and 25, has already allowed all ten franchisees to select the team of their choice. Following the bidding, rumors circulated regarding the potential start date of the lucrative league.
Published 15 Jan 2025 09:14 PM
Politics today: The Lok Sabha will discuss the Waqf Bill for eight hours before passing it.
In Tamil Nadu, the CPI(M) is hosting its 24th party congress. In Karnataka, the BJP is protesting the Congress government in a number of ways.The BJP-led government and opposition parties have been at odds for months. On Wednesday, the Center will present the controversial Waqf (Amendment) Bill to the Lok Sabha. The Speaker has allocated eight hours for debate after Union Minority Affairs Minister Kiren Rijiju introduces the Bill for consideration and passage in the Lower House at noon. The government claims that the Bill aims to enhance the management and administration of Waqf properties in India. A Joint Committee of Parliament led by BJP MP Jagadambika Pal was tasked with reviewing the bill after it was tabled in Parliament last year to fury from the opposition.The group submitted its report in February, and the Union Cabinet subsequently accepted it. The panel's opposition MPs, however, expressed displeasure that their suggested changes had been turned down and asserted that their dissenting remarks had been removed from the report without their knowledge. According to reports, the panel rejected all 44 revisions put forth by the opposition lawmakers while accepting 14 adjustments recommended by NDA MPs.
Published 02 Apr 2025 10:02 PM
Exclusive: As the BJP seeks caste balance in the AIADMK alliance, Annamalai may resign as TN chairman.
"Delhi sees a bright future for him," the youthful Annamalai, whose assertive position on issues has given the BJP publicity in Tamil Nadu, if not political success thus far, was informed.As coalition negotiations between the parties pick up steam, K Annamalai, who is regarded as a major factor in the 2023 split between the AIADMK and BJP, may resign as head of the BJP Tamil Nadu. However, according to BJP sources, caste equations will be the reason rather than "punishment." The BJP does not want a Gounder to represent both the party and the AIADMK in the 2026 state elections if the parties run together. Edappadi K. Palaniswami, the leader of the AIADMK, shares Annamalai's heritage as a member of the powerful backward community and the Gounder-dominated western Kongu region.According to BJP insiders, the first official moves for a reconciliation between the BJP and AIADMK were taken when Annamalai met with Union Home Minister Amit Shah in Delhi shortly after Shah's meeting with Palaniswami. "Delhi sees a bright future for him," the youthful Annamalai, whose combative approach to issues has given the BJP visibility in Tamil Nadu, if not political success thus far, was told. The leadership responded by saying that Annamalai was expected to trust the party and adhere to its strategy.It is thought that Annamalai declared her total allegiance to the party. According to a top BJP leader, "he expressed that he has no regrets about his dedication to the party and is even willing to work as a mere cadre." "Annamalai remains a key figure in the party's long-term strategy for Tamil Nadu, whether or not he leaves his position as state president," stated another politician. It is unclear if he will assume a national function or a different state job.
Published 01 Apr 2025 09:24 PM
Exclusive: Delhi's EPS and AIADMK might rejoin the BJP
A high-power steering group that would surpass BJP TN leader Annamalai and no negotiations with AIADMK rebels are among the demands made by the AIADMK, which was at a loss for options.According to sources, the two leaders' meeting may result in Palaniswami rejoining the NDA, an alliance the general secretary of the AIADMK has been opposing. Weeks of talks between AIADMK and BJP leaders preceded Palaniswami's visit. The Tamil Nadu party was hesitant to re-affiliate with the BJP, a North-centric party that the AIADMK's primary adversary, the DMK, has been portraying as a sign of a dominant Center. Today, March 25, Edappadi K. Palaniswami (EPS), the general secretary of the AIADMK, is in the nation's capital, igniting rumors that the party may rejoin the National Democratic Alliance (NDA), which is led by the Bharatiya Janata Party. According to sources, EPS may meet with Union Home Minister Amit Shah in the nation's capital.According to the official statement of Tamil Nadu's opposition party, the All India Anna Dravida Munnetra Kazhagam (AIADMK), EPS is in Delhi to visit the news party headquarters. EPS used a video conference from Chennai to officially open the party building, which cost ₹10 crore to construct.The meeting between EPS and Amit Shah, however, may open the door for the party to rejoin the NDA, according to a report in the Indian Express that cited sources. Since September 2023, when the two parties split apart for a variety of reasons, chief among them being the departure of K Annamalai, the president of the BJP in Tamil Nadu, EPS has been opposing the partnership.
Published 25 Mar 2025 08:55 PM
Today in Politics: Telangana's budget session will start; PM Modi will be the main guest at Mauritius' National Day celebrations
The opposition YSRCP is scheduled to demonstrate in Andhra Pradesh against the TDP government for allegedly not keeping its promises to the young people. The results of the municipal elections in Haryana are anticipated to be made public.Prime Minister Narendra Modi will be the chief guest at Mauritius's national day celebration on Wednesday, following his meeting with Mauritius President Dharam Gokhool on Tuesday, the first day of his two-day state visit to the island nation.Modi is anticipated to meet with the prime minister, high-ranking officials, and political party leaders in addition to the president of Mauritius. In addition, he will engage with the Indian community and launch more than 20 projects financed by India, ranging from infrastructure connected to the community to capacity building. Additionally, a line of credit Memorandum of Understanding (MoU) will be signed on Wednesday. With an estimated 70% of its people of Indian descent, Mauritius counts India as one of its biggest trading partners. India said Saturday that it supports Mauritius in its attempts to come to a mutually beneficial agreement with the UK over the Chagos Islands in the Indian Ocean, which are the focus of a sovereignty dispute, ahead of his first trip to the island nation since 2015. Modi's discussions with Mauritian Prime Minister Navinchandra Ramgoolam are anticipated to touch on the matter.
Published 12 Mar 2025 11:12 PM
Top Trends in Industries
