Author: Aruna Kaim

The investment world is mourning the passing of Mark Mobius, the legendary founder of Mobius Capital Partners and a pioneer who effectively “discovered” emerging markets for global investors. Raamdeo Agrawal, Chairman of Motilal Oswal Financial Services, shared his reflections on the legacy of the man often called the “Emerging Market Guru.” A Visionary Ahead of His Time Agrawal highlighted that Mobius was more than just an investor; he was a global brand. While other investors were focused on established Western economies, Mobius was identifying the potential of nations like India and Brazil decades ago. “Mark Mobius was way ahead of…

Following its Q4FY26 earnings report, Wipro has greenlit a significant share buyback worth ₹15,000 crore via the tender offer route. This move comes at a time when the Indian IT sector is grappling with global economic pressures and the rapid evolution of Artificial Intelligence. The Buyback Breakdown The company intends to repurchase a portion of its equity to return value to its shareholders: Total Buyback Size: ₹15,000 Crore. Buyback Price: ₹250 per share (a 19% premium over the April 16 closing price of ₹210.15). Volume: Up to 60 crore shares (approx. 5.7% of total paid-up equity). Method: Tender Offer Route…

Snap Inc., the parent company of Snapchat, has announced a major restructuring that includes laying off 1,000 employees, representing approximately 16% of its global workforce. In addition to the job cuts, the company will eliminate over 300 currently vacant positions.  CEO Evan Spiegel framed the move as a “strategic pivot” toward artificial intelligence and operational efficiency, signaling a harsh “cold snap” for the social media giant as it navigates a shifting tech landscape. The Strategy: Efficiency Through AI Spiegel’s internal memo emphasized a transition toward a more “AI-centric” organizational structure. The restructuring aims to: Reduce Layering: Streamlining management levels to…

In a chilling update to the ongoing investigation at a local BPO unit of Tata Consultancy Services (TCS), Nashik Police have revealed that seven male accused functioned like an “organised gang” to systematically target and harass female colleagues. The investigation, led by a 12-member Special Investigation Team (SIT), has now resulted in nine FIRs involving allegations of sexual harassment, stalking, and forced religious conversion. The “Organised Gang” Findings Police Commissioner Sandeep Karnik stated that the accused exploited their positions of authority to create a predatory environment. The investigation highlights several disturbing patterns: Coordinated Targeting: The seven male accused—including team leaders…

‘Kruti,’ the generative AI smart assistant launched by Ola’s AI venture, has gone dark across its primary web and mobile interfaces. The outage, which began early Thursday morning, has left users unable to access the chatbot, marking a significant technical disruption for the home-grown AI platform. While the company has not issued a formal statement regarding the cause, the outage appears to be widespread, affecting both dedicated domains and integrated app services. Current Status of the Outage As of 11:30 AM IST, the service remains inaccessible through several entry points: Domain Errors: The direct website, kruti.ai, currently returns a “Site…

Data from the Reserve Bank of India (RBI) for the financial year ending March 31, 2026, reveals a persistent divergence in the Indian banking system. Bank credit surged by 16.3% year-on-year (YoY), significantly outstripping deposit growth, which trailed at 12.9%. The credit-to-deposit (CD) ratio across the industry has tightened further, climbing to 81%, the highest level in nearly a decade. This gap is forcing lenders to explore alternative funding avenues and adjust their balance sheet strategies heading into FY27. Key Performance Metrics: FY26 Roundup Credit Expansion (16.3%): Growth was broad-based, driven by robust demand in the retail segment (housing and…

The internal conflict within the Tata Trusts has escalated significantly as former trustee Mehli Mistry filed a formal objection with the Maharashtra Charity Commissioner. Mistry is seeking the appointment of an independent administrator to oversee the Sir Dorabji Tata Trust (SDTT), alleging systemic “illegalities” and “mismanagement” by the current board. This move marks a major deepening of the rift following Mistry’s exit from the trusts in late 2025, after the board—led by Noel Tata—declined to renew his term. The Core Allegations: “Illegally Constituted Board” In his filing, Mistry argues that the current SDTT board is operating in violation of…

Global financial markets hit a fever pitch on Thursday as a wave of optimism over a potential resolution to the US-Iran conflict sent equities to record highs. Investors are aggressively unwinding “war hedges,” sparking a massive rotation back into risk assets. The S&P 500 and Nasdaq 100 both closed at historic record peaks, while the MSCI Asia Pacific Index climbed 0.9%, recouping almost all losses sustained since the conflict began in late February. The Breakthrough: Ceasefire Extension in Sight The market euphoria stems from high-level diplomatic progress reported out of Pakistan. Extension News: Washington and Tehran are reportedly close to…

U.S. equity markets surged to fresh record highs on Thursday after President Trump signaled a major breakthrough in Middle East diplomacy, suggesting the conflict with Iran is nearing a conclusion. The news triggered a massive relief rally, allowing the S&P 500 and Nasdaq to eclipse previous milestones. Market Reaction: The “Peace Dividend” The pivot from military escalation to diplomatic resolution sparked a wave of buying across global asset classes. Markets reacted swiftly to the de-escalation of “World War III” fears: S&P 500 & Nasdaq: Both indices reached all-time intraday highs as investors rotated back into growth and technology stocks, shed…

Japan’s benchmark Nikkei 225 index surged to a record-breaking close on Thursday, as global markets rallied on renewed optimism for a diplomatic resolution to the conflict between the United States and Iran. The Nikkei 225 jumped 2.38% to finish at 59,518.34, eclipsing its previous all-time high set in late February before the outbreak of hostilities in the Middle East. The rally was part of a broader “relief trade” that saw oil prices stabilize and safe-haven demand retreat. Key Market Drivers US-Iran Peace Negotiations: Sentiment was buoyed by White House statements expressing optimism over a deal to end the war. Reports…