Relentless selling by foreign institutional investors (FIIs) has continued to weigh on Indian equity markets, with the Sensex and Nifty registering losses for the eighth consecutive session on Friday, 14 February.
The BSE Sensex closed 199.76 points lower at 75,939.21 after an intraday drop of nearly 700 points, while the NSE Nifty declined 102.15 points to settle at 22,929.25. Over the past eight sessions, the Sensex has fallen by 2,644.6 points (3.36 per cent), and the Nifty has lost 810 points (3.41 per cent).
Also read: <a href="https://www.wionews.com/world/elon-musks-x-to-pay-donald-trump-10-million-to-settle-twitter-ban-lawsuit-report-8715849">Elon Musk&rsquo;s X to pay Donald Trump $10 million to settle Twitter ban lawsuit: Report</a>
Amid this downturn, Rajat Sharma, founder of Sana Securities, explained how currency fluctuations and taxation significantly impact FII returns, making Indian markets less attractive. Using an example, Sharma illustrated that if an investor converts $1 to Indian rupees at an exchange rate of Rs 84 per dollar and earns a 10 per cent profit, the investment grows to Rs 92.4.
However, after deducting long-term capital gains tax of Rs 1.05, the amount reduces to Rs 91.35. If the exchange rate changes to Rs 88 per dollar at the time of conversion back to USD, the investor receives only $1.04, effectively turning a 10 per cent gain into a mere 4 per cent return.
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Why are FIIs not investing in India? Imagine you invest by converting 1 US $ into Rupee @ 84/ dollar and make 10% profit. - Your investment grows to Rs. 92.4. - You sell and take it back. - You pay LTCG = Rs. 1.05. - You get = Rs. 91.35 You convert back with $ trading @ 88&hellip;
&mdash; Rajat Sharma (@SanaSecurities) <a href="https://twitter.com/SanaSecurities/status/1890684647647908212?ref_src=twsrc%5Etfw">February 15, 2025</a></blockquote>
<h2 class="p1">Market Sentiment</h2>
Market sentiment remains weak, with major laggards on Friday including Adani Ports, UltraTech Cement, Sun Pharma and Tata Steel. In contrast, Nestle, Infosys, and HCL Tech were among the few gainers. Analysts believe that corporate earnings, especially in mid- and small-cap segments, have fallen short of expectations, adding to investor caution.&nbsp;
Vinod Nair, Head of Research at Geojit Financial Services, stated that external factors such as tariff concerns, rupee depreciation, and weak earnings trends are further contributing to market volatility. He added that uncertainty will persist until there is clarity on trade policies and a recovery in corporate earnings.
Also read: <a href="https://www.wionews.com/world/trump-says-us-to-provide-f-35-stealth-jets-to-india-increasing-military-sales-by-many-billions-of-dollars-8719295">Trump says US to provide F-35 stealth jets to India, increase military sales by 'many billions of dollars'</a>
<h2 class="p1">Selling Continues</h2>
According to exchange data, FIIs offloaded equities worth Rs 2,789.91 crore on Thursday. Analysts suggest that ongoing discussions between India and the United States over a proposed trade agreement may also be influencing foreign investors&rsquo; cautious approach. Meanwhile, India and the US have pledged to double bilateral trade to $500 billion by 2030, with plans to negotiate a multi-sector trade agreement by late 2025 to improve market access and reduce duties.

External factors such as tariff concerns, rupee depreciation, and weak earnings trends are further contributing to market volatility.

Relentless selling by foreign institutional investors (FIIs) has continued to weigh on Indian equity markets, with the Sensex and Nifty registering losses for the eighth consecutive session on Friday, 14 February. The BSE Sensex closed 199.76 points lower at 75,939.21 after an intraday drop of nearly 700 points, while the NSE Nifty declined 102.15 points to settle at 22,929.25. Over the past eight sessions, the Sensex has fallen by 2,644.6 points (3.36 per cent), and the Nifty has lost 810 points (3.41 per cent). Also read: Elon Musk’s X to pay Donald Trump $10 million to settle Twitter ban lawsuit: Report Amid this downturn, Rajat Sharma, founder of Sana Securities, explained how currency fluctuations and taxation significantly impact FII returns, making Indian markets less attractive. Using an example, Sharma illustrated that if an investor converts $1 to Indian rupees at an exchange rate of Rs 84 per dollar and earns a 10 per cent profit, the investment grows to Rs 92.4. However, after deducting long-term capital gains tax of Rs 1.05, the amount reduces to Rs 91.35. If the exchange rate changes to Rs 88 per dollar at the time of conversion back to USD, the investor receives only $1.04, effectively turning a 10 per cent gain into a mere 4 per cent return. Why are FIIs not investing in India? Imagine you invest by converting 1 US $ into Rupee @ 84/ dollar and make 10% profit. - Your investment grows to Rs. 92.4. - You sell and take it back. - You pay LTCG = Rs. 1.05. - You get = Rs. 91.35 You convert back with $ trading @ 88… — Rajat Sharma (@SanaSecurities) February 15, 2025 Market Sentiment Market sentiment remains weak, with major laggards on Friday including Adani Ports, UltraTech Cement, Sun Pharma and Tata Steel. In contrast, Nestle, Infosys, and HCL Tech were among the few gainers. Analysts believe that corporate earnings, especially in mid- and small-cap segments, have fallen short of expectations, adding to investor caution. Vinod Nair, Head of Research at Geojit Financial Services, stated that external factors such as tariff concerns, rupee depreciation, and weak earnings trends are further contributing to market volatility. He added that uncertainty will persist until there is clarity on trade policies and a recovery in corporate earnings. Also read: Trump says US to provide F-35 stealth jets to India, increase military sales by 'many billions of dollars' Selling Continues According to exchange data, FIIs offloaded equities worth Rs 2,789.91 crore on Thursday. Analysts suggest that ongoing discussions between India and the United States over a proposed trade agreement may also be influencing foreign investors’ cautious approach. Meanwhile, India and the US have pledged to double bilateral trade to $500 billion by 2030, with plans to negotiate a multi-sector trade agreement by late 2025 to improve market access and reduce duties.

‘Only 4% return on 10% profit’: How currency and taxes are driving FIIs away from Indian stock market

Alibaba leads a global stock surge, hitting its highest share price since 2022. Boosted by AI advancements and Ukraine peace hopes, the tech giant’s rally has added $87 billion to its market value.

Alibaba shares soar on AI rally and global market surge

Zomato&rsquo;s Chief Executive Officer Deepinder Goyal has announced a new hiring initiative, inviting business and product leaders who actively use artificial intelligence (AI) in their work. In a post on X (formerly Twitter), Goyal said he is looking to collaborate with individuals who have integrated AI as their &ldquo;second brain.&rdquo;
Interested applicants have been instructed to email him at <a href="mailto:d@zomato.com">d@zomato.com</a> with the phrase &ldquo;I have a second brain&rdquo; in the subject line.
Goyal said, &ldquo;I am looking to work with business and product leaders who have already started using AI as their second brain. If you are the one, please write to me at&nbsp;<a href="mailto:d@zomato.com">d@zomato.com</a>."
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I am looking to work with business and product leaders who have already started using AI as their second brain. If you are the one, please write to me at d@zomato.com PLEASE include the phrase "I have a second brain" in the subject line.
&mdash; Deepinder Goyal (@deepigoyal) <a href="https://twitter.com/deepigoyal/status/1886650206839828567?ref_src=twsrc%5Etfw">February 4, 2025</a></blockquote>
The job offer quickly gained attention on social media.
Some users supported the concept of AI-enhanced productivity, with an angel investor commenting that AI as a &ldquo;second brain&rdquo; can &ldquo;streamline decision-making and enhance creativity.&rdquo;
Goyal responded by confirming that his own productivity had significantly increased since adopting AI tools.
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Absolutely. My productivity is up multiple times since I embraced it.
&mdash; Deepinder Goyal (@deepigoyal) <a href="https://twitter.com/deepigoyal/status/1886667018025541687?ref_src=twsrc%5Etfw">February 4, 2025</a></blockquote>
However, some users questioned Zomato&rsquo;s hiring transparency, with one asking about a previous chief of staff job posting and why there had been no updates on it.
Another user enquired whether AI usage in daily activities such as health and sleep tracking, would qualify them for the role.&nbsp;
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What happened to the Chief of Staff thing, no reply on that
&mdash; Indianstockss.com (@indian_stockss) <a href="https://twitter.com/indian_stockss/status/1886670135488094586?ref_src=twsrc%5Etfw">February 4, 2025</a></blockquote>
This is not the first time Goyal has used a non-traditional approach to recruitment.
In 2023, he posted a job listing for a chief of staff role, seeking candidates who were &ldquo;hungry&rdquo; but inexperienced, empathetic yet willing to make difficult decisions, and had &lsquo;zero entitlement.&rsquo;
The role required applicants to pay Rs 2 million upfront, that was to be donated entirely to Feeding India, Zomato&rsquo;s charitable initiative.
The position was unpaid for the first year, but offered a salary exceeding Rs 5 million in the following years.
Also read: <a href="https://www.wionews.com/business-economy/rs-54-crore-seized-sebi-bans-finfluencer-she-wolf-from-trading-in-indian-stock-markets-8699270">'Rs 54 crore seized': SEBI bans finfluencer 'She-Wolf' from trading in Indian stock markets</a>
<h2 class="p2">AI&rsquo;s expanding role in leadership</h2>
Goyal&rsquo;s latest hiring approach reflects a broader trend in the business world, where AI is increasingly becoming a core component of decision-making.
Many organisations are looking for professionals who can integrate AI into their workflows to improve efficiency and innovation.
By specifically seeking leaders who embrace AI as a critical tool, Zomato is signalling its commitment to technological adaptation.
Whether this approach influences other companies remains to be seen, but it highlights the growing expectation that future business leaders will need to navigate AI-driven environments effectively.

In a post on X, Goyal said that he is looking to collaborate with individuals who have integrated AI as their “second brain.”

Zomato’s Chief Executive Officer Deepinder Goyal has announced a new hiring initiative, inviting business and product leaders who actively use artificial intelligence (AI) in their work. In a post on X (formerly Twitter), Goyal said he is looking to collaborate with individuals who have integrated AI as their “second brain.” Interested applicants have been instructed to email him at d@zomato.com with the phrase “I have a second brain” in the subject line. Goyal said, “I am looking to work with business and product leaders who have already started using AI as their second brain. If you are the one, please write to me at d@zomato.com." I am looking to work with business and product leaders who have already started using AI as their second brain. If you are the one, please write to me at d@zomato.com PLEASE include the phrase "I have a second brain" in the subject line. — Deepinder Goyal (@deepigoyal) February 4, 2025 The job offer quickly gained attention on social media. Some users supported the concept of AI-enhanced productivity, with an angel investor commenting that AI as a “second brain” can “streamline decision-making and enhance creativity.” Goyal responded by confirming that his own productivity had significantly increased since adopting AI tools. Absolutely. My productivity is up multiple times since I embraced it. — Deepinder Goyal (@deepigoyal) February 4, 2025 However, some users questioned Zomato’s hiring transparency, with one asking about a previous chief of staff job posting and why there had been no updates on it. Another user enquired whether AI usage in daily activities such as health and sleep tracking, would qualify them for the role. What happened to the Chief of Staff thing, no reply on that — Indianstockss.com (@indian_stockss) February 4, 2025 This is not the first time Goyal has used a non-traditional approach to recruitment. In 2023, he posted a job listing for a chief of staff role, seeking candidates who were “hungry” but inexperienced, empathetic yet willing to make difficult decisions, and had ‘zero entitlement.’ The role required applicants to pay Rs 2 million upfront, that was to be donated entirely to Feeding India, Zomato’s charitable initiative. The position was unpaid for the first year, but offered a salary exceeding Rs 5 million in the following years. Also read: 'Rs 54 crore seized': SEBI bans finfluencer 'She-Wolf' from trading in Indian stock markets AI’s expanding role in leadership Goyal’s latest hiring approach reflects a broader trend in the business world, where AI is increasingly becoming a core component of decision-making. Many organisations are looking for professionals who can integrate AI into their workflows to improve efficiency and innovation. By specifically seeking leaders who embrace AI as a critical tool, Zomato is signalling its commitment to technological adaptation. Whether this approach influences other companies remains to be seen, but it highlights the growing expectation that future business leaders will need to navigate AI-driven environments effectively.

‘AI as their second brain’: Zomato’s Deepinder Goyal sets bold new hiring criteria

A wedding in Murtizapur, Maharashtra, was cancelled after the groom&rsquo;s CIBIL score failed to meet the expectations of the bride&rsquo;s family. The decision was made during a pre-wedding meeting between both families, according to a report by The Times of India.
During the discussions, the bride&rsquo;s uncle requested to check the groom&rsquo;s CIBIL score, a three-digit credit rating issued by TransUnion CIBIL. Upon reviewing his financial records, the family found that the groom had taken multiple loans and had a poor credit history, raising concerns about his financial stability.
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🚨 Maharashtra Family Cancelled Wedding Last Minute Due To Poor CIBIL Score of Groom Bride&rsquo;s Uncle Insisted On Checking CIBIL &ldquo;If a man is already burdened with loans, how can he provide financial security to his wife?" Won&rsquo;t Be Surprised If This Becomes Normal
&mdash; Ravisutanjani (@Ravisutanjani) <a href="https://twitter.com/Ravisutanjani/status/1888281108342505778?ref_src=twsrc%5Etfw">February 8, 2025</a></blockquote>
A low CIBIL score is often associated with irregular loan repayments, defaults, and financial mismanagement. Concerned about the groom&rsquo;s ability to provide long-term financial security, the bride&rsquo;s uncle opposed the marriage. The rest of the family shared his reservations, leading to the wedding being called off.
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This India of ours... Bride&rsquo;s father cancels wedding after groom dances to &lsquo;Choli Ke Peeche Kya Hai&rsquo; Bride's family calls off marriage after discovering the groom's low Cibil score. Marrying off sons also becoming difficult!
&mdash; Hemanth Kumar (@Hemanth02933027) <a href="https://twitter.com/Hemanth02933027/status/1888454351599153364?ref_src=twsrc%5Etfw">February 9, 2025</a></blockquote>
<h2>What is a CIBIL score?</h2>
The CIBIL score, regulated by the Reserve Bank of India (RBI), ranges from 300 to 900 and reflects an individual&rsquo;s creditworthiness based on loan repayments, credit card usage, and borrowing behaviour. A score above 750 is considered favourable, offering easier access to loans and lower interest rates, while a lower score can lead to loan rejections or higher borrowing costs.
Financial experts recommend maintaining a good credit score by ensuring timely payments of EMIs and credit card bills, managing debt responsibly, and avoiding multiple loan inquiries.
Also read: <a href="https://www.wionews.com/india-news/ignored-my-advice-focused-on-liquor-anna-hazare-slams-arvind-kejriwal-amid-delhi-election-setback-8701380">&lsquo;Ignored my advice, focused on liquor&rsquo;: Anna Hazare slams Arvind Kejriwal amid Delhi election setback</a>
This incident is not the first instance of a wedding being cancelled over unexpected issues. Earlier, in Bengaluru, a bride&rsquo;s family called off a wedding after the groom, under the influence of alcohol, caused disruption during the ceremony. His behaviour escalated when he misbehaved and threw the aarti thali, prompting the bride&rsquo;s mother to intervene and halt the proceedings.

India News: Upon reviewing his financial records, the family found that the groom had taken multiple loans and had a poor credit history, raising concerns about his financial stability.

A wedding in Murtizapur, Maharashtra, was cancelled after the groom’s CIBIL score failed to meet the expectations of the bride’s family. The decision was made during a pre-wedding meeting between both families, according to a report by The Times of India. During the discussions, the bride’s uncle requested to check the groom’s CIBIL score, a three-digit credit rating issued by TransUnion CIBIL. Upon reviewing his financial records, the family found that the groom had taken multiple loans and had a poor credit history, raising concerns about his financial stability. 🚨 Maharashtra Family Cancelled Wedding Last Minute Due To Poor CIBIL Score of Groom Bride’s Uncle Insisted On Checking CIBIL “If a man is already burdened with loans, how can he provide financial security to his wife?" Won’t Be Surprised If This Becomes Normal — Ravisutanjani (@Ravisutanjani) February 8, 2025 A low CIBIL score is often associated with irregular loan repayments, defaults, and financial mismanagement. Concerned about the groom’s ability to provide long-term financial security, the bride’s uncle opposed the marriage. The rest of the family shared his reservations, leading to the wedding being called off. This India of ours... Bride’s father cancels wedding after groom dances to ‘Choli Ke Peeche Kya Hai’ Bride's family calls off marriage after discovering the groom's low Cibil score. Marrying off sons also becoming difficult! — Hemanth Kumar (@Hemanth02933027) February 9, 2025 What is a CIBIL score? The CIBIL score, regulated by the Reserve Bank of India (RBI), ranges from 300 to 900 and reflects an individual’s creditworthiness based on loan repayments, credit card usage, and borrowing behaviour. A score above 750 is considered favourable, offering easier access to loans and lower interest rates, while a lower score can lead to loan rejections or higher borrowing costs. Financial experts recommend maintaining a good credit score by ensuring timely payments of EMIs and credit card bills, managing debt responsibly, and avoiding multiple loan inquiries. Also read: ‘Ignored my advice, focused on liquor’: Anna Hazare slams Arvind Kejriwal amid Delhi election setback This incident is not the first instance of a wedding being cancelled over unexpected issues. Earlier, in Bengaluru, a bride’s family called off a wedding after the groom, under the influence of alcohol, caused disruption during the ceremony. His behaviour escalated when he misbehaved and threw the aarti thali, prompting the bride’s mother to intervene and halt the proceedings.

'Marrying off son becoming difficult': Maharashtra family cancels wedding due to groom's low credit score

Around 500 workers at Samsung&rsquo;s manufacturing plant in Sriperumbudur, Tamil Nadu, have staged a sit-in protest following the suspension of three employees, two sources with direct knowledge of the situation. According to a report by Reuters, the company has deployed contract workers to maintain operations.
The facility, which produces refrigerators, televisions, and washing machines, employs approximately 1,800 workers. It accounted for one-fifth of Samsung&rsquo;s $12 billion sales in India during the 2022-23 financial year.
This marks the second major labour dispute at the plant in less than six months. Last year, hundreds of workers staged a five-week strike demanding higher wages and union recognition. That strike concluded in October after Samsung agreed to address some of the workers' concerns.
Also read: <a href="https://www.wionews.com/india-news/india-to-begin-publishing-monthly-unemployment-data-from-april-report-8699427">India to begin publishing monthly 'unemployment data' from April: Report</a>
In a statement, Samsung said that "most of our workers remain dedicated in ensuring that normal business operations continue." The two sources indicated that production has not been affected, as contract workers have been brought in to replace those participating in the sit-in. However, the workers' union contested this claim, stating that there has been some disruption, particularly in the refrigerator production unit.
<h2 class="p1">Union's Claim</h2>
A. Soundararajan, a leader of the Samsung India Workers&rsquo; Union, stated that the protest would continue, alleging that the suspended workers were not given a fair hearing before disciplinary action was taken. He said the workers were suspended after making demands while standing outside the company administration&rsquo;s office.
Also read: <a href="https://www.wionews.com/business-economy/rs-54-crore-seized-sebi-bans-finfluencer-she-wolf-from-trading-in-indian-stock-markets-8699270">'Rs 54 crore seized': SEBI bans finfluencer 'She-Wolf' from trading in Indian stock markets</a>
"Discussions with the government are already under way," Soundararajan added. The Tamil Nadu state government has not issued a response regarding the situation.
Samsung, in its statement, said that the suspended workers would face disciplinary action following a formal inquiry. "We continue to make efforts towards a collective agreement with our workers to resolve the issues and for this we remain open to a dialogue facilitated by the government," the company stated. However, it did not specify the reasons for the suspensions.&nbsp;

The facility, which produces refrigerators, televisions, and washing machines, employs approximately 1,800 workers. It accounted for one-fifth of Samsung’s $12 billion sales in India during the 2022-23 financial year.

Around 500 workers at Samsung’s manufacturing plant in Sriperumbudur, Tamil Nadu, have staged a sit-in protest following the suspension of three employees, two sources with direct knowledge of the situation. According to a report by Reuters, the company has deployed contract workers to maintain operations. The facility, which produces refrigerators, televisions, and washing machines, employs approximately 1,800 workers. It accounted for one-fifth of Samsung’s $12 billion sales in India during the 2022-23 financial year. This marks the second major labour dispute at the plant in less than six months. Last year, hundreds of workers staged a five-week strike demanding higher wages and union recognition. That strike concluded in October after Samsung agreed to address some of the workers' concerns. Also read: India to begin publishing monthly 'unemployment data' from April: Report In a statement, Samsung said that "most of our workers remain dedicated in ensuring that normal business operations continue." The two sources indicated that production has not been affected, as contract workers have been brought in to replace those participating in the sit-in. However, the workers' union contested this claim, stating that there has been some disruption, particularly in the refrigerator production unit. Union's Claim A. Soundararajan, a leader of the Samsung India Workers’ Union, stated that the protest would continue, alleging that the suspended workers were not given a fair hearing before disciplinary action was taken. He said the workers were suspended after making demands while standing outside the company administration’s office. Also read: 'Rs 54 crore seized': SEBI bans finfluencer 'She-Wolf' from trading in Indian stock markets "Discussions with the government are already under way," Soundararajan added. The Tamil Nadu state government has not issued a response regarding the situation. Samsung, in its statement, said that the suspended workers would face disciplinary action following a formal inquiry. "We continue to make efforts towards a collective agreement with our workers to resolve the issues and for this we remain open to a dialogue facilitated by the government," the company stated. However, it did not specify the reasons for the suspensions.

500 Samsung workers stage protest in Tamil Nadu after suspension of 3 employees

The Securities and Exchange Board of India (SEBI) has taken regulatory action against Asmita Patel, a stock market trader and educator, over allegations of unregistered investment advisory services, misleading claims, and regulatory violations. Patel, often referred to as the &ldquo;She-Wolf&rdquo; of the stock market, is under investigation for her trading practices and the financial gains made through her stock market courses, said a report by Economic Times.
<h2 class="p2">SEBI&rsquo;s Investigation and Findings</h2>
SEBI&rsquo;s inquiry into Patel&rsquo;s activities focuses on claims that she provided investment advice without the necessary regulatory approvals. Her stock market training programs, including courses such as LMIT and MPAT, reportedly promised high returns, with some claims suggesting returns of up to 300 per cent. However, SEBI&rsquo;s findings indicate discrepancies between these claims and her actual trading performance.
According to SEBI, Patel and her company, Asmita Patel Global School of Trading Pvt Ltd, made a net profit of Rs 12,28,365 from trading between 2019-20 and January 2024, said a report by Moneycontrol. This figure contrasts with her assertions of managing a Rs 140 crore portfolio through a proprietary trading system.
The investigation further revealed that the total trading volume generated by accounts held by Patel and her company during the period from August 26, 2019, to January 31, 2024, amounted to Rs 152.79 crore. SEBI&rsquo;s findings also noted claims made during her courses that she was managing Rs 283 crore in funds, which the regulator deemed baseless.
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SEBI has seized Rs 53.67 crore that Asmita Patel and five other related entities made illegally. Asmita Patel is also at risk of losing another Rs 104.6 crore it collected from course fees, which SEBI believes were part of unregistered advisory services. <a href="https://t.co/o7e8U1vOZ1">pic.twitter.com/o7e8U1vOZ1</a>
&mdash; Jayesh Thakkar (SEBI Registered RA) (@intradaygeeks) <a href="https://twitter.com/intradaygeeks/status/1887718256552685912?ref_src=twsrc%5Etfw">February 7, 2025</a></blockquote>
<h2 class="p2">Financial Impact and Regulatory Action</h2>
As part of its interim order issued on February 6, SEBI has impounded approximately Rs 54 crore in alleged illegal gains linked to Patel, her company, and three other entities. Additionally, all six entities involved have been asked to justify why the regulator should not seize the Rs 104.6 crore collected as course fees.
SEBI&rsquo;s action against Patel is part of a broader effort to regulate unregistered financial advisors and protect retail investors from misleading investment guidance.
Also read: <a href="https://www.wionews.com/business-economy/global-markets-stay-resilient-amid-uncertainties-8695356">Global markets stay resilient amid uncertainties</a>
<h2 class="p2">Investor Reactions and SEBI&rsquo;s Warning</h2>
Patel has built a significant following on social media, where many retail investors relied on her insights. SEBI&rsquo;s probe has led to uncertainty among her followers, with some expressing concerns over investments made based on her recommendations. Financial experts continue to advise caution, urging investors to seek guidance from SEBI-registered advisors and verify claims before making investment decisions.
Asmita Patel has not yet issued an official statement in response to SEBI&rsquo;s findings. Legal experts suggest she may challenge the regulatory action, potentially leading to a prolonged legal process. Meanwhile, SEBI maintains its focus on strengthening oversight and enforcement to ensure compliance within India&rsquo;s financial markets.

Asmita Patel, often referred to as the “She-Wolf” of the stock market, is under investigation for her trading practices and the financial gains made through her stock market courses.

The Securities and Exchange Board of India (SEBI) has taken regulatory action against Asmita Patel, a stock market trader and educator, over allegations of unregistered investment advisory services, misleading claims, and regulatory violations. Patel, often referred to as the “She-Wolf” of the stock market, is under investigation for her trading practices and the financial gains made through her stock market courses, said a report by Economic Times. SEBI’s Investigation and Findings SEBI’s inquiry into Patel’s activities focuses on claims that she provided investment advice without the necessary regulatory approvals. Her stock market training programs, including courses such as LMIT and MPAT, reportedly promised high returns, with some claims suggesting returns of up to 300 per cent. However, SEBI’s findings indicate discrepancies between these claims and her actual trading performance. According to SEBI, Patel and her company, Asmita Patel Global School of Trading Pvt Ltd, made a net profit of Rs 12,28,365 from trading between 2019-20 and January 2024, said a report by Moneycontrol. This figure contrasts with her assertions of managing a Rs 140 crore portfolio through a proprietary trading system. The investigation further revealed that the total trading volume generated by accounts held by Patel and her company during the period from August 26, 2019, to January 31, 2024, amounted to Rs 152.79 crore. SEBI’s findings also noted claims made during her courses that she was managing Rs 283 crore in funds, which the regulator deemed baseless. SEBI has seized Rs 53.67 crore that Asmita Patel and five other related entities made illegally. Asmita Patel is also at risk of losing another Rs 104.6 crore it collected from course fees, which SEBI believes were part of unregistered advisory services. pic.twitter.com/o7e8U1vOZ1 — Jayesh Thakkar (SEBI Registered RA) (@intradaygeeks) February 7, 2025 Financial Impact and Regulatory Action As part of its interim order issued on February 6, SEBI has impounded approximately Rs 54 crore in alleged illegal gains linked to Patel, her company, and three other entities. Additionally, all six entities involved have been asked to justify why the regulator should not seize the Rs 104.6 crore collected as course fees. SEBI’s action against Patel is part of a broader effort to regulate unregistered financial advisors and protect retail investors from misleading investment guidance. Also read: Global markets stay resilient amid uncertainties Investor Reactions and SEBI’s Warning Patel has built a significant following on social media, where many retail investors relied on her insights. SEBI’s probe has led to uncertainty among her followers, with some expressing concerns over investments made based on her recommendations. Financial experts continue to advise caution, urging investors to seek guidance from SEBI-registered advisors and verify claims before making investment decisions. Asmita Patel has not yet issued an official statement in response to SEBI’s findings. Legal experts suggest she may challenge the regulatory action, potentially leading to a prolonged legal process. Meanwhile, SEBI maintains its focus on strengthening oversight and enforcement to ensure compliance within India’s financial markets.

'Rs 54 crore seized': SEBI bans finfluencer 'She-Wolf' from trading in Indian stock markets

The consensus in markets today is that Beijing would reach a deal with the US And avoid worsening trade hostilities. As a result, the risk premiums for China proxies, such as the Aussie dollar, have been erased. However, is it too early to price out the US-china trade war?

Too early to price out US-China trade war?

Indian stocks took a beating in January ahead of the budget, with outflows from the domestic equity market marking the second highest on record. Among the sectors that had the most foreign withdrawals in January, banking stocks made up about a third.

Foreign investors offload Indian shares worth $9 Bn in January

India is reviewing tariffs on over 30 key imports, including significant cuts on solar cells, household goods, and luxury cars. The peak import tariff has been reduced from 150% to 70%, potentially benefiting US exports and signaling a shift in trade dynamics.

India cuts tariffs on key imports in possible 'homage' to Trump’s trade policies

Asian stocks started Wednesday on a positive note, tracking gains in Wall Street overnight. The sentiment was driven by investors' optimism for a U.S.-China trade deal soon, similar to the Mexico and China tariff delay.

Asian stocks edge higher tracking Wall Street.

India is reconsidering its position on cryptocurrencies, said a report by Reuters quoting a senior government official.
The review comes amid policy adjustments in nations like the United States, where former President Donald Trump recently announced initiatives to regulate and incorporate digital assets.
India&rsquo;s Economic Affairs Secretary Ajay Seth said that evolving global perspectives on cryptocurrency usage and its role in financial systems have pushed the government to revisit its approach to the digital assets.&nbsp;
Also read: <a href="https://www.wionews.com/business-economy/16-years-of-bitcoin-why-the-battle-for-mining-just-got-harder-8589668">16 years of Bitcoin: Why the battle for mining just got harder</a>
"More than one or two jurisdictions have changed their stance towards cryptocurrency in terms of usage, acceptance, and importance. In that stride, we are having a look at the discussion paper once again," Seth added.
As a result, India&rsquo;s long-awaited discussion paper on cryptocurrency, initially expected in September 2024 may face further delays. The document is supposed to outline regulatory measures for the digital assets.
&nbsp;
Seth also said that given the cross-border nature of cryptocurrencies, India&rsquo;s approach cannot be unilateral. While he did not specifically refer to the US, Trump&rsquo;s recent executive order establishing a working group on cryptocurrency regulations and a national digital asset stockpile has drawn attention.
Despite India's strict regulations and high tax rates on cryptocurrency transactions, digital assets have gained popularity among investors in the country.&nbsp;
Also read: <a href="https://www.wionews.com/business-economy/is-bitcoin-going-to-crash-technical-analyst-predicts-upto-22-downside-in-q1-2025-8590466">Is Bitcoin going to crash? Technical analyst predicts upto 22% downside in Q1, 2025</a>
The Financial Intelligence Unit (FIU) has been actively monitoring offshore exchanges for compliance with local laws. In December 2023, the FIU issued show-cause notices to nine offshore exchanges, citing regulatory violations. Binance, the world&rsquo;s largest cryptocurrency exchange, was fined Rs 188.2 million ($2.25 million) in June 2024, a month after registering with the FIU to resume operations in India.
India&rsquo;s regulatory landscape on cryptocurrency remains divided. In 2023, the Securities and Exchange Board of India (SEBI) suggested a multi-regulator framework to oversee crypto transactions. However, the Reserve Bank of India (RBI) continues to caution against private digital currencies due to macroeconomic risks.&nbsp;

India’s Economic Affairs Secretary Ajay Seth said that evolving global perspectives on cryptocurrency usage and its role in financial systems have pushed the government to revisit its approach to the digital assets. 

India is reconsidering its position on cryptocurrencies, said a report by Reuters quoting a senior government official. The review comes amid policy adjustments in nations like the United States, where former President Donald Trump recently announced initiatives to regulate and incorporate digital assets. India’s Economic Affairs Secretary Ajay Seth said that evolving global perspectives on cryptocurrency usage and its role in financial systems have pushed the government to revisit its approach to the digital assets. Also read: 16 years of Bitcoin: Why the battle for mining just got harder "More than one or two jurisdictions have changed their stance towards cryptocurrency in terms of usage, acceptance, and importance. In that stride, we are having a look at the discussion paper once again," Seth added. As a result, India’s long-awaited discussion paper on cryptocurrency, initially expected in September 2024 may face further delays. The document is supposed to outline regulatory measures for the digital assets. Seth also said that given the cross-border nature of cryptocurrencies, India’s approach cannot be unilateral. While he did not specifically refer to the US, Trump’s recent executive order establishing a working group on cryptocurrency regulations and a national digital asset stockpile has drawn attention. Despite India's strict regulations and high tax rates on cryptocurrency transactions, digital assets have gained popularity among investors in the country. Also read: Is Bitcoin going to crash? Technical analyst predicts upto 22% downside in Q1, 2025 The Financial Intelligence Unit (FIU) has been actively monitoring offshore exchanges for compliance with local laws. In December 2023, the FIU issued show-cause notices to nine offshore exchanges, citing regulatory violations. Binance, the world’s largest cryptocurrency exchange, was fined Rs 188.2 million ($2.25 million) in June 2024, a month after registering with the FIU to resume operations in India. India’s regulatory landscape on cryptocurrency remains divided. In 2023, the Securities and Exchange Board of India (SEBI) suggested a multi-regulator framework to oversee crypto transactions. However, the Reserve Bank of India (RBI) continues to caution against private digital currencies due to macroeconomic risks.

India to reconsider crypto policy following global regulatory shifts: Report

The Union Budget 2025-26 continues to offer taxpayers the choice between the old and new tax regimes, each with distinct benefits. Finance Minister Nirmala Sitharaman reaffirmed the government&rsquo;s push toward the new tax regime while retaining the old one for those who benefit from deductions and exemptions. The old tax regime is based upon a progressive slab structure with tax rates ranging from 5 per cent to 30 per cent, depending on income levels.&nbsp; It is beneficial for taxpayers who want to claim various deductions under Section 80C (PPF, ELSS, EPF, life insurance), Section 80D (health insurance), and HRA for salaried individuals. These deductions help in reducing taxable income, making the old regime suitable for those who actively invest in tax-saving instruments.
Also read: <a href="https://www.wionews.com/india-news/union-budget-2025-indian-fms-focus-on-bihar-sparks-meme-fest-online-nitish-kumar-narendra-modi-8681960">Union Budget 2025: Nirmala Sitharaman's focus on Bihar sparks meme fest online</a><a href="https://www.wionews.com/videos/india-successfully-tests-vshorads-missile-indian-defence-minister-congratulates-drdo-armed-forces-8683139"></a> The new tax regime, introduced in Budget 2020 and revised in Budget 2023, provides lower tax rates but removes most exemptions and deductions. However, it includes benefits such as a full tax rebate for individuals earning up to Rs 7 lakh under Section 87A. Additionally, a zero-tax liability now applies to those earning up to Rs 12 lakh, if they utilise standard deductions and the rebate effectively.&nbsp; This is because under the revised structure, individuals earning up to Rs 7 lakh do not pay tax, and those earning up to Rs 12 lakh can benefit from deductions like the Rs 50,000 standard deduction, further reducing their taxable income.

The new tax regime, introduced in Budget 2020 and revised in Budget 2023, provides lower tax rates but removes most exemptions and deductions.

The Union Budget 2025-26 continues to offer taxpayers the choice between the old and new tax regimes, each with distinct benefits. Finance Minister Nirmala Sitharaman reaffirmed the government’s push toward the new tax regime while retaining the old one for those who benefit from deductions and exemptions. The old tax regime is based upon a progressive slab structure with tax rates ranging from 5 per cent to 30 per cent, depending on income levels. It is beneficial for taxpayers who want to claim various deductions under Section 80C (PPF, ELSS, EPF, life insurance), Section 80D (health insurance), and HRA for salaried individuals. These deductions help in reducing taxable income, making the old regime suitable for those who actively invest in tax-saving instruments. Also read: Union Budget 2025: Nirmala Sitharaman's focus on Bihar sparks meme fest online The new tax regime, introduced in Budget 2020 and revised in Budget 2023, provides lower tax rates but removes most exemptions and deductions. However, it includes benefits such as a full tax rebate for individuals earning up to Rs 7 lakh under Section 87A. Additionally, a zero-tax liability now applies to those earning up to Rs 12 lakh, if they utilise standard deductions and the rebate effectively. This is because under the revised structure, individuals earning up to Rs 7 lakh do not pay tax, and those earning up to Rs 12 lakh can benefit from deductions like the Rs 50,000 standard deduction, further reducing their taxable income.

Union Budget 2025: Key differences between new and old tax slabs

In a major relief to rare disease patients, Finance Minister Nirmala Sitharaman declared that 36 life-saving medicines will no longer attract customs duty. The announcement was made on Saturday in Lok Sabha while presenting the Union Budget 2025-26 . The initiative aims to bring down the cost of crucial medical treatments for cancer patients who rely on long-term medication.
Also read: <a href="https://www.wionews.com/india-news/india-union-budget-2025-govt-to-support-domestic-electronic-equipment-industry-fm-sitharaman-8680523">India Union Budget 2025: &lsquo;Govt to support domestic electronic equipment industry&rsquo;, FM Sitharaman</a> Alongside the exemption, the government has introduced a concessional duty of 5 per cent on these medicines and a full customs duty waiver for their manufacturing. The measure is expected to make essential drugs more accessible to a large number of patients across the country. This follows the government&rsquo;s decision in February 2024 to cut Goods and Services Tax (GST) on three key cancer drugs&mdash;Trastuzumab Deruxtecan, Osimertinib, and Durvalumab. Since then, healthcare professionals have been advocating for similar duty reductions on targeted therapy drugs and high-end cancer treatment equipment, like radiotherapy machines and robotics, which currently carry a customs duty of around 37 per cent.
Also read: <a href="https://www.wionews.com/india-news/india-budget-2025-26-live-updates-finance-minister-nirmala-sitharaman-to-unveil-this-years-budget-today-narendra-modi-pm-modi-budget-session-india-budget-president-droupadi-murmu-1st-feb-8679670">India Union Budget 2025-26 LIVE | No Income Tax on income up to ₹12 Lakh</a> Sitharaman explained latest exemption is in line with the government&rsquo;s ongoing efforts to make healthcare more affordable and accessible, especially as cancer cases continue to rise across India. The demand for lowering cancer treatment costs has been a longstanding issue in the medical community. Lowering treatment costs is likely to reduce the financial burden on families and contribute to better health outcomes. Additionally, the finance minister also announced plans to establish cancer care centres in every district across the country. By waiving customs duties on critical medicines and investing in healthcare infrastructure, the government aims to strengthen the medical sector and enhance patient access to essential treatments.

This follows the government’s decision in February 2024 to cut Goods and Services Tax (GST) on three key cancer drugs—Trastuzumab Deruxtecan, Osimertinib, and Durvalumab.


In a major relief to rare disease patients, Finance Minister Nirmala Sitharaman declared that 36 life-saving medicines will no longer attract customs duty. The announcement was made on Saturday in Lok Sabha while presenting the Union Budget 2025-26 . The initiative aims to bring down the cost of crucial medical treatments for cancer patients who rely on long-term medication. Also read: India Union Budget 2025: ‘Govt to support domestic electronic equipment industry’, FM Sitharaman Alongside the exemption, the government has introduced a concessional duty of 5 per cent on these medicines and a full customs duty waiver for their manufacturing. The measure is expected to make essential drugs more accessible to a large number of patients across the country. This follows the government’s decision in February 2024 to cut Goods and Services Tax (GST) on three key cancer drugs—Trastuzumab Deruxtecan, Osimertinib, and Durvalumab. Since then, healthcare professionals have been advocating for similar duty reductions on targeted therapy drugs and high-end cancer treatment equipment, like radiotherapy machines and robotics, which currently carry a customs duty of around 37 per cent. Also read: India Union Budget 2025-26 LIVE | No Income Tax on income up to ₹12 Lakh Sitharaman explained latest exemption is in line with the government’s ongoing efforts to make healthcare more affordable and accessible, especially as cancer cases continue to rise across India. The demand for lowering cancer treatment costs has been a longstanding issue in the medical community. Lowering treatment costs is likely to reduce the financial burden on families and contribute to better health outcomes. Additionally, the finance minister also announced plans to establish cancer care centres in every district across the country. By waiving customs duties on critical medicines and investing in healthcare infrastructure, the government aims to strengthen the medical sector and enhance patient access to essential treatments.

Union Budget 2025: 36 life-saving medicines to become cheaper, says Nirmala Sitharaman

Zerodha founder and CEO Nithin Kamath has raised concerns about India&rsquo;s lag in artificial intelligence (AI) and technology compared to China. He said that the issue extends beyond funding and pointed towards structural and cultural challenges in India&rsquo;s approach to innovation. &nbsp;
In a post on Wednesday, Kamath noted that India and China had similar per capita GDP in the 1960s-70s, but China&rsquo;s economic reforms in the 1980s led to faster progress. "By 1990, they had overtaken our per capita GDP," he wrote.&nbsp;
He gave example of China&rsquo;s recent AI access with DeepSeek. The new Chinese AI has outperformed OpenAI&rsquo;s ChatGPT and gained traction in the industry at a much lower cost.
<blockquote class="twitter-tweet publive-iframes-block publive-Twitter-block" contenteditable="false" width="600" height="400" id="PL_blockquote_block-m6iyfz4m-ownrehkc-rf3og2w2">
In the 1960s-1970s, India and China had roughly the same per capita GDP. They started their reforms in the 1980s, and by 1990, they had overtaken our per capita GDP. Say what you will about the differences in our worldviews and economic models, but their scientific and&hellip; <a href="https://t.co/SSddVpEoOB">pic.twitter.com/SSddVpEoOB</a>
&mdash; Nithin Kamath (@Nithin0dha) <a href="https://twitter.com/Nithin0dha/status/1884585750223827296?ref_src=twsrc%5Etfw">January 29, 2025</a></blockquote>
Kamath attributed India&rsquo;s slower progress in AI to a short-term approach. &rdquo;Problems are typically addressed through a patchwork or the Jugaad mentality," he said. He added that this mindset affects business, politics, and regulation in India.&nbsp;
He stressed that AI development requires long-term planning, not just investment in hardware like GPUs.&nbsp;
"The right talent and an enabling ecosystem are necessary for AI innovation. Without them, all the GPUs in the world will be pointless," Kamath explained.
Also read: <a href="https://www.wionews.com/web-stories/science-technology/another-psyops-deepseek-ai-serves-as-an-extension-of-chinese-state-propaganda-8669728">Another psyops? DeepSeek AI serves as an extension of Chinese state propaganda</a>
He also pointed out that many Indian researchers move abroad due to the lack of a supportive environment.&nbsp;&nbsp;
While drawing a comparison with China, Kamath said there was a need for sustained investment in research. "It took China at least two decades of focused research. If we start now, results may take 5 to 10 years," he said. &nbsp;
With AI set to reshape industries, Kamath warned that India must move beyond incremental fixes. "Being mediocre won&rsquo;t be an option," he concluded.

Kamath attributed India’s slower progress in AI to a short-term approach. ”Problems are typically addressed through a patchwork or the Jugaad mentality," he said. He added that this mindset affects business, politics, and regulation in India. 

Zerodha founder and CEO Nithin Kamath has raised concerns about India’s lag in artificial intelligence (AI) and technology compared to China. He said that the issue extends beyond funding and pointed towards structural and cultural challenges in India’s approach to innovation. In a post on Wednesday, Kamath noted that India and China had similar per capita GDP in the 1960s-70s, but China’s economic reforms in the 1980s led to faster progress. "By 1990, they had overtaken our per capita GDP," he wrote. He gave example of China’s recent AI access with DeepSeek. The new Chinese AI has outperformed OpenAI’s ChatGPT and gained traction in the industry at a much lower cost. In the 1960s-1970s, India and China had roughly the same per capita GDP. They started their reforms in the 1980s, and by 1990, they had overtaken our per capita GDP. Say what you will about the differences in our worldviews and economic models, but their scientific and… pic.twitter.com/SSddVpEoOB — Nithin Kamath (@Nithin0dha) January 29, 2025 Kamath attributed India’s slower progress in AI to a short-term approach. ”Problems are typically addressed through a patchwork or the Jugaad mentality," he said. He added that this mindset affects business, politics, and regulation in India. He stressed that AI development requires long-term planning, not just investment in hardware like GPUs. "The right talent and an enabling ecosystem are necessary for AI innovation. Without them, all the GPUs in the world will be pointless," Kamath explained. Also read: Another psyops? DeepSeek AI serves as an extension of Chinese state propaganda He also pointed out that many Indian researchers move abroad due to the lack of a supportive environment. While drawing a comparison with China, Kamath said there was a need for sustained investment in research. "It took China at least two decades of focused research. If we start now, results may take 5 to 10 years," he said. With AI set to reshape industries, Kamath warned that India must move beyond incremental fixes. "Being mediocre won’t be an option," he concluded.

'Jugaad mentality failing us': Zerodha's Nithin Kamath explains why China has an AI edge over India

Donald Trump&rsquo;s official social media accounts on Saturday announced details of a new digital asset, called the $TRUMP meme coin. Initially dismissed as a possible hack due to the lack of accompanying statements, the posts quickly gained traction as linked websites traced back to Trump&rsquo;s known businesses. The $TRUMP token has been launched on the Solana blockchain. It&rsquo;s value has since soared and reached $36 per token, achieving a market capitalisation of $7.18 billion as of January 19 (11:25 ask IST), according to CoinMarketCap. The meme coin has gained over 1000 per cent in less than 24 hours. Eric Trump confirmed the development on January 18, posting on X (formerly Twitter), &ldquo;$TRUMP is currently the hottest digital meme on earth... We are just getting started!&rdquo; Trump and his sons, Eric and Donald Jr., had launched World Liberty Financial, a digital asset platform focused on decentralised finance (DeFi), in September 2024.&nbsp; DeFi involves peer-to-peer trading, lending, and borrowing of digital assets using automated software. According to an AFP report, the $7 billion increase in Trump&rsquo;s net worth from the token is expected to grow even further. The projected market of the $TRUMP coin could reach upto $24 billion by 2028. The projections have been made after including all coins that are yet to be issued. Only 200 million tokens of the $TRUMP coin were released in the first batch. However, 800 million more coins will be released in the next three years. The official $TRUMP website states that the token is not an investment opportunity or security. However, Trump supporters and crypto enthusiasts are currently using it for speculative trading, especially in the futures market.
While preparing for his second term, Trump has faced scrutiny for retaining stakes in various businesses, including Trump Media &amp; Technology Group, real estate ventures, and cryptocurrency operations. Despite its rapid popularity, watchdogs and officials have criticised the move, citing potential conflicts of interest for the president-elect. Danielle Brian, executive director of the Project on Government Oversight, said that meme coins pose significant risks to investors while offering substantial profits to founders. She described the $TRUMP coin as a new avenue for profiting from Trump&rsquo;s political influence. Despite these criticisms, the $TRUMP token has drawn significant interest in less than 24 hours.

Business & Economy | World: The Trump token has been launched on the Solana blockchain. It’s value has since soared and reached $36 per token, achieving a market cap of $7.18 billion as of January 19. 
 

Donald Trump’s official social media accounts on Saturday announced details of a new digital asset, called the $TRUMP meme coin. Initially dismissed as a possible hack due to the lack of accompanying statements, the posts quickly gained traction as linked websites traced back to Trump’s known businesses. The $TRUMP token has been launched on the Solana blockchain. It’s value has since soared and reached $36 per token, achieving a market capitalisation of $7.18 billion as of January 19 (11:25 ask IST), according to CoinMarketCap. The meme coin has gained over 1000 per cent in less than 24 hours. Eric Trump confirmed the development on January 18, posting on X (formerly Twitter), “$TRUMP is currently the hottest digital meme on earth... We are just getting started!” Trump and his sons, Eric and Donald Jr., had launched World Liberty Financial, a digital asset platform focused on decentralised finance (DeFi), in September 2024. DeFi involves peer-to-peer trading, lending, and borrowing of digital assets using automated software. According to an AFP report, the $7 billion increase in Trump’s net worth from the token is expected to grow even further. The projected market of the $TRUMP coin could reach upto $24 billion by 2028. The projections have been made after including all coins that are yet to be issued. Only 200 million tokens of the $TRUMP coin were released in the first batch. However, 800 million more coins will be released in the next three years. The official $TRUMP website states that the token is not an investment opportunity or security. However, Trump supporters and crypto enthusiasts are currently using it for speculative trading, especially in the futures market. While preparing for his second term, Trump has faced scrutiny for retaining stakes in various businesses, including Trump Media & Technology Group, real estate ventures, and cryptocurrency operations. Despite its rapid popularity, watchdogs and officials have criticised the move, citing potential conflicts of interest for the president-elect. Danielle Brian, executive director of the Project on Government Oversight, said that meme coins pose significant risks to investors while offering substantial profits to founders. She described the $TRUMP coin as a new avenue for profiting from Trump’s political influence. Despite these criticisms, the $TRUMP token has drawn significant interest in less than 24 hours.

Donald Trump's meme coin could add $24 billion to his net worth: Report

Hindenburg Research, the firm known for its high-profile report on Indian billionaire Gautam Adani, announced its closure on Thursday. The company gained global attention after its 2023 investigations into the Adani Group led to a $150 billion selloff in the conglomerate&rsquo;s shares. The impact of Hindenburg&rsquo;s report wiped billions off Adani&rsquo;s wealth, leading to a wave of financial scrutiny, though Adani and his companies have consistently denied the allegations.
Also read: <a href="https://www.wionews.com/world/gop-lawmaker-slams-biden-administration-doj-over-gautam-adani-probe-what-if-india-refuses-extradition-8602520">GOP lawmaker slams Biden administration, DOJ over Gautam Adani probe: &lsquo;What if India refuses extradition&hellip;&rsquo;</a> The closure of Hindenburg comes after its team completed its final pipeline of investigative projects. Founder Nathan Anderson explained that the decision to shut down had been in the works for months as the firm&rsquo;s goals had been achieved. &ldquo;The plan has been to wind up after we finished the pipeline of ideas we were working on,&rdquo; Anderson said, referring to their last completed investigations on alleged Ponzi schemes. In his post, Anderson recounted the firm&rsquo;s origins. The company began with minimal funding and no formal finance background. In its initial days, Hindenburg faced immediate legal challenges, including multiple lawsuits.
<blockquote class="twitter-tweet publive-iframes-block publive-Twitter-block" contenteditable="false" width="600" height="400" id="PL_blockquote_block-m5yvoyb9-lhcoudlf-d3pkqa93">
A Personal Note From Our Founder<a href="https://t.co/OOMtimC0gV">https://t.co/OOMtimC0gV</a>
&mdash; Hindenburg Research (@HindenburgRes) <a href="https://twitter.com/HindenburgRes/status/1879639928247877738?ref_src=twsrc%5Etfw">January 15, 2025</a></blockquote>
&nbsp;
Despite the setbacks, Anderson said that the support he received from whistleblower lawyer Bryan Wood during this challenging period, was very influential in the growth of the company. Hindenburg Research was founded in 2017 and it grew into a team of 11 by 2020. The firm earned recognition for its research that often uncovered fraudulent activities. Some of these investigations also lead to legal actions against high-profile figures in business and finance. Anderson now plans to spend the next six months sharing his firm&rsquo;s investigative techniques by creating open-source resources. In his post, Anderson also explained that his decision to close the firm was driven by a desire for better work-life balance and also with an intention to pass on Hindenburg&rsquo;s method to the world.
Also read: <a href="https://www.wionews.com/business-economy/adani-ditches-553mn-us-loan-for-its-colombo-port-project-783225">Adani ditches $553mn US loan for its Colombo Port project</a> Despite the announcement of firm&rsquo;s closure, Anderson has expressed confidence that his team members would continue to make a significant impact in investigative research. He also disclosed that some members of Hindenburg are planning to start their own ventures.&nbsp;At last, Anderson expressed gratitude towards his family, friends, and supporters. Adani Enterprises, the flagship company of the Adani Group, experienced an increase in the price of its shares on Thursday. The share opened at Rs 2,500.00 ($28.91), up from the previous day's Rs 2,388.15 ($27.62). However, the stock dipped slightly after the opening but continued holding a strong position following the announcement of Hindenburg's shut down

Founder Nathan Anderson explained that the decision to shut down had been in the works for months, and the firm’s goals had been achieved.

Hindenburg Research, the firm known for its high-profile report on Indian billionaire Gautam Adani, announced its closure on Thursday. The company gained global attention after its 2023 investigations into the Adani Group led to a $150 billion selloff in the conglomerate’s shares. The impact of Hindenburg’s report wiped billions off Adani’s wealth, leading to a wave of financial scrutiny, though Adani and his companies have consistently denied the allegations. Also read: GOP lawmaker slams Biden administration, DOJ over Gautam Adani probe: ‘What if India refuses extradition…’ The closure of Hindenburg comes after its team completed its final pipeline of investigative projects. Founder Nathan Anderson explained that the decision to shut down had been in the works for months as the firm’s goals had been achieved. “The plan has been to wind up after we finished the pipeline of ideas we were working on,” Anderson said, referring to their last completed investigations on alleged Ponzi schemes. In his post, Anderson recounted the firm’s origins. The company began with minimal funding and no formal finance background. In its initial days, Hindenburg faced immediate legal challenges, including multiple lawsuits. A Personal Note From Our Founderhttps://t.co/OOMtimC0gV — Hindenburg Research (@HindenburgRes) January 15, 2025 Despite the setbacks, Anderson said that the support he received from whistleblower lawyer Bryan Wood during this challenging period, was very influential in the growth of the company. Hindenburg Research was founded in 2017 and it grew into a team of 11 by 2020. The firm earned recognition for its research that often uncovered fraudulent activities. Some of these investigations also lead to legal actions against high-profile figures in business and finance. Anderson now plans to spend the next six months sharing his firm’s investigative techniques by creating open-source resources. In his post, Anderson also explained that his decision to close the firm was driven by a desire for better work-life balance and also with an intention to pass on Hindenburg’s method to the world. Also read: Adani ditches $553mn US loan for its Colombo Port project Despite the announcement of firm’s closure, Anderson has expressed confidence that his team members would continue to make a significant impact in investigative research. He also disclosed that some members of Hindenburg are planning to start their own ventures. At last, Anderson expressed gratitude towards his family, friends, and supporters. Adani Enterprises, the flagship company of the Adani Group, experienced an increase in the price of its shares on Thursday. The share opened at Rs 2,500.00 ($28.91), up from the previous day's Rs 2,388.15 ($27.62). However, the stock dipped slightly after the opening but continued holding a strong position following the announcement of Hindenburg's shut down

Hindenburg Research, the US based short-seller that accused Gautam Adani of fraud, shuts down

Lithium is not expected to make a big comeback this year due to a supply glut. The possibility that certain mines may be reactivated if prices increase is also adding to the surplus concerns. Take a look at this report as we decode if lithium could recover this year...

Resilient lithium supply remains hurdle to recovery

A sharp bitcoin price correction triggered by stronger-than-expected U.S. economic indicators has sent shockwaves through markets. The data has weighed on Wall Street, raising fresh concerns about the Federal Reserve's interest rate trajectory for 2025. Watch in for more details!

Bitcoin slides the most in two weeks back below $100,000

Argentina's recent economic shifts have triggered a dramatic change in consumer behavior. The country's currency, the peso, strengthened significantly in the second half of 2023, rising three times in real value compared to mid-year levels. This shift has made Argentina a more expensive place to live and shop. For everyday goods, like a Big Mac, Argentines are now paying up to 7,600 pesos, nearly double the cost in neighboring Brazil. Watch in for more details!

Soaring Costs In Argentina Fuel Overseas Shopping Frenzy

US Steel and Japan&rsquo;s Nippon Steel on Monday (Jan 6) filed lawsuits against the government of Joe Biden for his blocking of a merger deal worth up to 14 billion US dollars, multiple American media networks reported. New York Times reported that the lawsuit was filed in a federal court in Washington, accusing Biden and some officials in his administration of 'corrupting the review process for political gain.'
It claimed the steelmakers accused them of harming steel workers and American steel industry over 'national security pretenses', the report said. This is their last effort to revive the attempted merger, which is also opposed by incoming US President Donald Trump. Just as the lawsuit was filed, Trump posted on Truth Social: "Why would they want to sell U.S. Steel now when Tariffs will make it a much more profitable and valuable company? Wouldn&rsquo;t it be nice to have U.S. Steel, once the greatest company in the World, lead the charge toward greatness again? It can all happen very quickly!"
Biden had blocked the deal last week, citing national security.
A report in The Washington Post said a second lawsuit was filed in which the firms sued another steelmaker Cleveland-Cliffs and its CEO Lourenco Goncalves. That suit also named David McCall, the chief of United Steelworkers Union, as a defendant.
Nippon Steel had earlier said that it is considering taking legal action against the US government after its acquisition proposal was blocked by Biden.
CNN Business had quoted Nippon Steel president Tadashi Imai as saying earlier, "We are considering this as an important option. I think we can take action, including announcing (a response), without taking too much time."
Biden blocked the $13.4 billion acquisition deal on Friday (Jan 3). Both companies called it an overt use of executive authority in the closing days of the Biden administration, which will formally step out when Trump takes the oath of office on January 20.
Also read: <a href="https://www.wionews.com/business-economy/wall-street-weekly-nasdaq-powers-us-market-rebound-as-tech-stocks-gain-on-the-last-trading-day-8590728">Wall Street Weekly: Nasdaq powers US market rebound as tech stocks gain on the last trading day</a>
Imai added, "We are entitled to a proper review. The review process to date and the US government's decision is not a very proper review. Our company cannot allow this to continue. Our company cannot allow this to continue, so we are considering all options for future action."
The deal was announced a year ago and has been opposed by both Democrats and Republicans, including Biden and Trump.
The deal has also been opposed by influential labour unions like United Steelworkers (USW).
The USW commended Biden's decision to block the deal, calling it the right move for the members of the union and national security.&nbsp;
The union added that the recent performance of US Steel, according to their financial performance, shows that the company could remain strong and resilient without the acquisition.
However, the CEO of US Steel, David Burrit, called Biden's decision shameful and corrupt.
US Steel has claimed that it might be forced to shut down its plants and mills if it doesn't get an investment of $2.7 billion. This is the same amount that Nippon Steel has proposed as a part of its purchase.&nbsp;
Also read: <a href="https://www.wionews.com/world/chinese-hackers-infiltrate-us-telecommunications-steal-data-of-over-a-million-people-report-8595269">Chinese hackers infiltrate US telecommunications, steal data of over a million people: Report</a>
According to the World Steel Association data, Japan's top steelmaker's effort to acquire US Steel would have created the world's third-largest steelmaker.
The Committee for Foreign Investments in the United States (CFIUS) notified the US President in December that its investigation couldn't reach any consensus on whether the sale of America's iconic company to Nippon would pose a national security risk.
Citing this, CFIUS left the decision of the sale to Biden, who blocked it.
(With input from agencies)

Business & Economy | World: US Steel and Japan’s Nippon Steel on Monday (Jan 6) filed lawsuits against the government of Joe Biden for his blocking of a merger deal worth up to 14 billion US dollars, multiple American media networks reported.

US Steel and Japan’s Nippon Steel on Monday (Jan 6) filed lawsuits against the government of Joe Biden for his blocking of a merger deal worth up to 14 billion US dollars, multiple American media networks reported. New York Times reported that the lawsuit was filed in a federal court in Washington, accusing Biden and some officials in his administration of 'corrupting the review process for political gain.' It claimed the steelmakers accused them of harming steel workers and American steel industry over 'national security pretenses', the report said. This is their last effort to revive the attempted merger, which is also opposed by incoming US President Donald Trump. Just as the lawsuit was filed, Trump posted on Truth Social: "Why would they want to sell U.S. Steel now when Tariffs will make it a much more profitable and valuable company? Wouldn’t it be nice to have U.S. Steel, once the greatest company in the World, lead the charge toward greatness again? It can all happen very quickly!" Biden had blocked the deal last week, citing national security. A report in The Washington Post said a second lawsuit was filed in which the firms sued another steelmaker Cleveland-Cliffs and its CEO Lourenco Goncalves. That suit also named David McCall, the chief of United Steelworkers Union, as a defendant. Nippon Steel had earlier said that it is considering taking legal action against the US government after its acquisition proposal was blocked by Biden. CNN Business had quoted Nippon Steel president Tadashi Imai as saying earlier, "We are considering this as an important option. I think we can take action, including announcing (a response), without taking too much time." Biden blocked the $13.4 billion acquisition deal on Friday (Jan 3). Both companies called it an overt use of executive authority in the closing days of the Biden administration, which will formally step out when Trump takes the oath of office on January 20. Also read: Wall Street Weekly: Nasdaq powers US market rebound as tech stocks gain on the last trading day Imai added, "We are entitled to a proper review. The review process to date and the US government's decision is not a very proper review. Our company cannot allow this to continue. Our company cannot allow this to continue, so we are considering all options for future action." The deal was announced a year ago and has been opposed by both Democrats and Republicans, including Biden and Trump. The deal has also been opposed by influential labour unions like United Steelworkers (USW). The USW commended Biden's decision to block the deal, calling it the right move for the members of the union and national security. The union added that the recent performance of US Steel, according to their financial performance, shows that the company could remain strong and resilient without the acquisition. However, the CEO of US Steel, David Burrit, called Biden's decision shameful and corrupt. US Steel has claimed that it might be forced to shut down its plants and mills if it doesn't get an investment of $2.7 billion. This is the same amount that Nippon Steel has proposed as a part of its purchase. Also read: Chinese hackers infiltrate US telecommunications, steal data of over a million people: Report According to the World Steel Association data, Japan's top steelmaker's effort to acquire US Steel would have created the world's third-largest steelmaker. The Committee for Foreign Investments in the United States (CFIUS) notified the US President in December that its investigation couldn't reach any consensus on whether the sale of America's iconic company to Nippon would pose a national security risk. Citing this, CFIUS left the decision of the sale to Biden, who blocked it. (With input from agencies)

Nippon Steel, US Steel sue Biden administration for halting multi-billion dollar merger

Shipments of foreign-branded smartphones to China, including Apple&rsquo;s iPhone, declined sharply by 47.4 per cent in November compared to the same month last year. The data was released by the China Academy of Information and Communications Technology (CAICT) on Friday.
This also marks the fourth consecutive month of declining sales.
Based on CAICT data, shipments of foreign smartphone brands dropped to 3.04 million units in November, down from 5.77 million units a year earlier. The downturn follows a 44.25 per cent year-on-year decline reported in October.
Also read: <a href="https://www.wionews.com/business-economy/wall-street-weekly-nasdaq-powers-us-market-rebound-as-tech-stocks-gain-on-the-last-trading-day-8590728">Wall Street Weekly: Nasdaq powers US market rebound as tech stocks gain on the last trading day</a>
Apple is facing challenges from an economic slowdown and increasing competition from domestic rivals such as Huawei. Economic uncertainty and deflationary pressures have also impacted consumer spending, with Chinese consumer prices in November hitting their lowest level in five months.
In response to the decline in sales, Apple initiated a four-day promotional campaign in China, offering discounts of up to 500 yuan ($68.50) on its flagship models. Despite these efforts, Apple has been losing market share.
<h2>Huawei's Comeback</h2>
Huawei&rsquo;s resurgence began in August 2023 with the release of new models featuring domestically produced chipsets. During the third quarter of 2024, Huawei&rsquo;s sales in China surged by 42 per cent year-on-year, while Apple&rsquo;s sales dipped by 0.3 per cent, according to data from research firm IDC.
Also read: <a href="https://www.wionews.com/business-economy/elon-musks-tesla-experiences-first-ever-annual-sales-decline-8589834">Elon Musk&rsquo;s Tesla experiences first-ever annual sales decline</a>
Apple briefly fell out of the top five smartphone vendors in China during the second quarter of 2024 but regained its position in the following quarter.
However, smartphone shipments within China, including domestic brands, fell by 5.1 per cent in November to 29.61 million units, signalling broader challenges in the Chinese smartphone market.
(With inputs from agencies)

Business & Economy: Foreign smartphone sales in China saw a significant decline in November, posing a substantial challenge to Apple's dominance in the competitive market.

Shipments of foreign-branded smartphones to China, including Apple’s iPhone, declined sharply by 47.4 per cent in November compared to the same month last year. The data was released by the China Academy of Information and Communications Technology (CAICT) on Friday. This also marks the fourth consecutive month of declining sales. Based on CAICT data, shipments of foreign smartphone brands dropped to 3.04 million units in November, down from 5.77 million units a year earlier. The downturn follows a 44.25 per cent year-on-year decline reported in October. Also read: Wall Street Weekly: Nasdaq powers US market rebound as tech stocks gain on the last trading day Apple is facing challenges from an economic slowdown and increasing competition from domestic rivals such as Huawei. Economic uncertainty and deflationary pressures have also impacted consumer spending, with Chinese consumer prices in November hitting their lowest level in five months. In response to the decline in sales, Apple initiated a four-day promotional campaign in China, offering discounts of up to 500 yuan ($68.50) on its flagship models. Despite these efforts, Apple has been losing market share. Huawei's Comeback Huawei’s resurgence began in August 2023 with the release of new models featuring domestically produced chipsets. During the third quarter of 2024, Huawei’s sales in China surged by 42 per cent year-on-year, while Apple’s sales dipped by 0.3 per cent, according to data from research firm IDC. Also read: Elon Musk’s Tesla experiences first-ever annual sales decline Apple briefly fell out of the top five smartphone vendors in China during the second quarter of 2024 but regained its position in the following quarter. However, smartphone shipments within China, including domestic brands, fell by 5.1 per cent in November to 29.61 million units, signalling broader challenges in the Chinese smartphone market. (With inputs from agencies)

Foreign smartphone sales in China drop 47% in November, challenging Apple’s dominance

Byju’s, once valued at $22 billion, is now teetering on the brink of collapse as the edtech giant struggles with mounting financial challenges. As 2024 draws to a close, the company's future remains uncertain, raising concerns about its survival.

Byju's faces crisis, from $22b valuation to near collapse as 2024 ends

In this WION exclusive, Henri Arslanian, author and co-founder of a crypto hedge fund, shares insights into the evolving world of digital assets. Arslanian also delves into the debate between crypto and gold, as well as the role of young leaders in driving crypto adoption. Listen in to this insightful conversation.

‘Bitcoin is similar to gold’: WION’s exclusive with Henri Arslanian

Andrew Dressler, Managing Director, FDI, Berlin, Discusses The Evolving Landscape Of Foreign Direct Investment (FDI) In This WION’s Exclusive Interview. From The Heightened Global Interest In Attracting FDI To The Growing Influence Of Geopolitics On Industrial Policies, Dressler Highlights Key Trends. The Interview Also Explores The Role Of OECD Countries As Major FDI Sources And The Impact Of Political Uncertainty, Including The Decline Of FDI To The U.S. During Trump’s First Term. Watch in for more details!

‘FDI Is Now Flowing To Emerging Markets’: WION’s Exclusive With Andrew Dressler

2024 was a year of significant shifts in the business world. From the rise of AI to market turbulence, this year saw both progress and challenges. This report looks back at the key events that shaped the business landscape in 2024 and explores what lies ahead in 2025. Watch in for more details!

2024's Business Blueprint: The Good, The Bad, & The Future

Reports suggest Donald Trump has transferred nearly $4 billion worth of shares in his company-- Trump media & technology, to a revocable trust. The transfer included around 115 million shares, or 53% of the company's stock, which owns the truth social platform. The value of these shares was estimated at around $4 billion at the time of the transfer. Donald Trump Jr., Trump’s eldest son, is the sole trustee of the trust, meaning he holds exclusive voting and investment control over the shares.

Donald Trump Moves $4Bn in Trump Media Stock

Reports suggest Donald Trump has transferred nearly $4 billion worth of shares in his company-- Trump media & technology, to a revocable trust. The transfer included around 115 million shares, or 53% of the company's stock, which owns the truth social platform. The value of these shares was estimated at around $4 billion at the time of the transfer.



Donald Trump Jr., Trump’s eldest son, is the sole trustee of the trust, meaning he holds exclusive voting and investment control over the shares.

The World Economic Forum monitors the ever-evolving landscape of trade & economy. At the recently concluded Riyadh summit 2024, WION’s business editor Rahul Karunakar spoke to Matthew Stephenson, head of investment & services, WEF on the emerging tech & geo-economic shifts around the world. Listen in…

‘3 Major Shifts: Geo-economic, Tech & Green Energy’: WION’s Exclusive With Head Of Investment, WEF

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Foreign smartphone sales in China drop 47% in November, challenging Apple’s dominance

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