Prem Watsa, the Indian-Canadian billionaire, for the first time, publicly outlined his succession plan, confirming that his son Ben Watsa will take charge of Fairfax Financial Holdings in the years ahead. The revelation features in The Fairfax Way, an upcoming book by author David Thomas, whose draft was shared with ET before publication. Watsa, 75,…
The crypto market continued to establish fresh levels of support on Thursday, with bitcoin BTC$102,956.78 trading around $103,000 while ether ETH$3,504.10 rose less than 1% to $3,500. The average crypto relative strength index (RSI) remains in neutral territory while the Fear and Greed index is printing 25/100, indicating negative sentiment across the market. There was…
Gold and silver prices continued their upward march on Thursday, supported by firm global cues and renewed safe-haven demand after the end of the prolonged US government shutdown. The reopening of the US government lifted investor sentiment, driving both metals higher in domestic and international markets.On the Multi Commodity Exchange (MCX), gold futures for December…
A continued rise in gold prices could pave the way for a positive phase in the Indian stock market over the next year, according to a report by JM Financial.According to the report, historical data suggests a consistent link between gold rallies and subsequent gains in Indian equities.Specifically, it found that when the Nifty/gold ratio…
Jammu and Kashmir chief minister Omar Abdullah (PTI photo/File) NEW DELHI: Jammu and Kashmir chief minister Omar Abdullah on Thursday said that “not every resident of Jammu and Kashmir is a terrorist,” as the probe into the Red Fort car blast widened to Kashmir.“Not every resident of Jammu and Kashmir is a terrorist. It is…
India’s top car makers Maruti Suzuki, Hyundai Motor India and Tata Motors, are gearing up to expand production by 20–40% in the coming months. The ramp up comes after a sharp revival in vehicle demand following the recent Goods and Services Tax (GST) cuts. Maruti Suzuki, the country’s largest carmaker, plans to produce over 200,000…
In a market characterized by choppy price action and uncertainty, large traders of major cryptocurrencies are quietly taking divergent paths. While bitcoin BTC$102,848.53 investors are bracing for volatility with non-directional option plays, some XRP$2.5121 traders are betting on the opposite, recent block trades on crypto options exchange Deribit show. Over the past week, strangles accounted…
Bangladesh companies sign deal to buy USD 1 billion soybeans from US China’s ports are brimming with soybeans after months of record imports, dimming hopes for US exporters even as Trump and Xi reached a new trade understanding including fresh purchase commitments from Beijing.Massive reserves, weak processing margins and cheaper South American supplies have combined…
Ratings agency Moody has predicted that India’s economy will grow at a strong 6.5% through 2026 and 2027. (AI image) India will continue to be the world’s fastest growing major economy in the coming years, despite its exports taking a hit after Donald Trump administration’s 50% tariffs, according to the latest global economic outlook report…
Punjab police busts ISI-Pakistan grenade attack module NEW DELHI: In a significant counter-terrorism breakthrough on Thursday, the Ludhiana Commissionerate Police, has arrested 10 operatives of a grenade-attack module allegedly backed by the Inter‑Services Intelligence (ISI) of Pakistan.According to a post by the DGP Punjab police on X, the module was tasked with carrying out a…
