Rupee under pressure as foreign flows turn negative The rupee has weakened amid sustained foreign capital outflows and a jump in crude oil prices. Foreign investors have pared back investments in domestic markets, weighing on sentiment and adding downward pressure on the currency. Why the rupee is sliding Foreign capital outflows: Overseas investors selling equities … Read more
New sponsors named for Invesco Asset Management Company India IIHL and Invesco Limited will now serve as the sponsors of Invesco Asset Management Company India, which was the 16th-largest asset manager in the country as of September. The move positions the firm under the direct backing of these two entities and could influence governance and … Read more
Quarterly Filing Shows Heavy Net Selling A recent filing covering the three months ended in September shows significant activity in the company’s stock. The report revealed that $12.5 billion of stock was sold during the quarter, while $6.4 billion was purchased — a clear case of more sales than spending. Net outflow and what it … Read more
Satya Nadella said the company plans to rebuild its workforce after recent cuts, framing the move as a strategic step in the wake of the AI revolution. While the firm eliminated nearly 6,000 jobs, leadership now wants to grow headcount in a smarter, more targeted way. Why the shift matters The decision reflects a broader … Read more
The public back-and-forth between two high-profile tech leaders heated up after Sam Altman said his Tesla reservation was not canceled and that he faced delays getting a refund. Elon Musk pushed back, saying the problem had been handled quickly. The exchange has drawn attention because it mixes customer service issues with a broader rivalry between … Read more