Despite losing the presidential election to Donald Trump, Kamala Harris delivered an emotional yet hopeful speech at Howard University. Thanking her supporters and congratulating Trump, Harris emphasized the importance of accepting election results in a democracy.
Visa is introducing new tools to enhance payment experiences, including "payment passkeys" for biometric authentication, aiming to reduce checkout times to 20 seconds. The company is also implementing flexible credentials for smoother cross-border transactions and launching A2A Protect, powered by AI, to mitigate fraud in real-time payments by analyzing transaction patterns and risk levels.
Trump's return raises hopes for increased funding and tech ties in India's startup ecosystem. This and more in today's ETtech Morning Dispatch.
Canadian Prime Minister Justin Trudeau condemned the violence at a Hindu temple in Brampton. He said those involved in the attacks do not represent the Sikh or Hindu communities in Canada. The attack took place on Sunday at the Hindu Sabha Mandir. The Indian High Commission in Canada also condemned the attack.
Indian IT companies saw their stocks surge following Donald Trump's presidential election victory. The rally was fueled by optimism surrounding Trump's pro-business policies, which are expected to boost IT spending. However, potential protectionist measures under a Trump administration pose a risk for Indian software exporters, potentially hindering the sector's growth.
German Chancellor Olaf Scholz has announced the dismissal of Finance Minister Christian Lindner, citing a breach of trust and irreconcilable economic policy differences. The move effectively dissolves the ruling coalition and paves the way for a potential vote of confidence in January, which could trigger early elections.
The underlying short-term trend of Nifty continues to be positive. A sharp upside breakout of immediate resistance of 24500 levels is likely to open the next upside target of 25K mark in a quick period of time. Immediate support is placed at 24350, said Nagaraj Shetti of HDFC Securities.
Union Home Minister Amit Shah announced an upcoming two-day Anti-Terror Conference, emphasizing the Modi government's commitment to a terror-free India. Hosted by the National Investigation Agency (NIA), the conference aims to strengthen counter-terrorism strategies through interagency collaboration and expert insights, focusing on legal frameworks, prosecution, technology, and international cooperation.
Shares of steel major Tata Steel Ltd will be in focus today after the company turned to black in the quarter ended September 2024. The company had posted a loss in the last year period.
Niva Bupa Health Insurance is gearing up for an IPO to raise Rs 2,200 crore, aiming to capitalize on the growing health insurance market in India. The IPO involves a fresh issue of shares and an offer for sale by promoters, with anchor investors already committing Rs 990 crore.
Hong Kong equity futures dropped, as did a gauge of US-listed Chinese stocks. Trump has pledged to introduce tariffs on Chinese goods to support US manufacturing.
Defying all odds and overcoming multiple controversies, Donald Trump has been re-elected as the President of the United States. Trump's victory signals a stark shift in the American political landscape, with voters choosing him despite his criminal charges and divisive rhetoric.
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The startup backed by cricketer KL Rahul will use the funds to enhance product innovation and expand its brand presence. The brand sells its products on ecommerce marketplaces, quick-commerce platforms and through its own D2C channel. It plans to open offline stores within the next 12 to 18 months.
Founded in 2014, it plans to expand from 2,500 to 10,000 beds across India within 18 months, focusing on property expansion and customer acquisition. Operating in 60 locations, The Hosteller targets new markets in Odisha, West Bengal, and the northeast. It reported Rs 55 crore revenue in FY 2024, aiming for Rs 100 crore this fiscal year.
Capillary Technologies, backed by the likes of Warbug Pincus, Peak XV Partners and The Evolvence Group, had first filed its draft prospectus with the Securities and Exchange Board of India in December 2021 but then deferred its plan.
Trump’s stance against China could be ultimately beneficial for the Indian venture ecosystem, which could be a preferred geography for long-term investment funds. “There will be some policy clarity with the Republicans controlling the White House, Senate as well as Congress. Any tax cuts would definitely be a major plus for companies as well as large crossover funds,” said a New Delhi-based partner at a venture capital firm.
With India's data center capacity expected to double by 2026-27, largely fueled by demand for colocation services and AI-driven applications, these power solutions are seen as vital to meet the growing needs of hyperscalers and emerging technologies.
In an exclusive interview with ET, the 43-year-old CEO said that SAP is building sovereign AI capabilities in India given its huge exposure to government and critical sectors in the country. He also pointed to the huge AI talent pool here and said several products including SAP’s proprietary large language model are being built in India.
The Trump 2.0 administration may relook at the annual allotment of H-1B work visas from the current quota of 85,000. H1B applications would attract tougher examination as denial rates for H-1B under Trump 1.0 administration were at an all-time high of 24%. The duration and eligibility for Optional Practical Training (OPT) for international students may also come under fresh scrutiny.
As global investors brace for economic and geopolitical tremors with the US at the epicentre, India is perceived as being among those economies that may benefit from Trump's presidency, which is expected to see higher trade tariffs and lead to an exacerbation of US-China tensions.
