Business Today

#BTMPW2024 ♀ | #SamanthaRuthPrabhu takes center stage at Business Today’s 21st edition of #BTMostPowerfulWomen in Business! 🎤 Don’t miss out on #Samantha's session 'The Star and the #Startup: Fame, Fans, Fortune' as she delves into insights and experiences that shaped her entrepreneurial journey. Join us tomorrow at📍Taj Lands End, #Mumbai, for a powerful evening celebrating trailblazing women redefining #leadership, breaking barriers, and inspiring change. Book Your Seat Now: https://lnkd.in/g9GYfb7f Catch the event LIVE from 5 PM onwards on November 8 only on #BTTV: https://lnkd.in/gx3dvcCA State Bank of India | Taneira | DIAGEO India | Tata AIA Life Insurance | Natural Diamond Council | Sir H.N. Reliance Foundation Hospital & Research Centre | India Circus by Krsnaa Mehta ( A Godrej & Boyce Mfg. Co. Ltd)

For a while, the outlook for cryptocurrencies seemed bleak, with many naysayers predicting the bubble would burst. However, investor and author Ruchir Sharma sees a different story unfolding. In an interview with Business Today’s Executive Director Rahul Kanwal, Ruchir Sharma explained why cryptocurrencies, alongside gold, are emerging as long-term alternatives to traditional assets, particularly the US dollar. Sharma put the situation into context, highlighting the growing search for alternatives to the US dollar. "People are looking for alternatives to the US dollar, and they have not been able to find it in other currencies because, whether it's the Chinese currency or the euro, they face even bigger problems than America does." As a result, both gold and cryptocurrencies like Bitcoin have become the default options for those seeking stability in uncertain times. Sharma pointed out that many crypto enthusiasts once believed Bitcoin could replace gold. While Bitcoin has performed well, gold has not fallen behind. "Gold has done equally well this year, or almost as well as crypto has done," Sharma noted, highlighting that both assets are becoming increasingly recognised as secure investments. Looking to the future, Sharma affirmed that cryptocurrencies have proven their staying power. "Crypto is here to stay," he said. "There's a lot of speculative fluff which has been built up on the price, but I think as an asset class, it's here to stay." He explained that both gold and cryptocurrencies are likely to see growing allocations in investment portfolios over time. #globalfinance #usdollar #indianrupee #donaldtrump #pmmodi #stockmarket #globalstockmarket Watch: https://lnkd.in/gAvV4u2m

#MarketToday | Ola Electric shares rebounded 10% from intraday lows; key technical levels to watch http://ow.ly/2pG8105OAjj

Cop29 Will Discuss On How To Generate Trillions Of Dollars For Climate Finance In The Coming Years #cop29 #climatechange #baku #climatefinance #unclimatechange #globalwarming

Tata Motors' Q2 Earnings Were Below Market's Estimates, Yet Stock Performed Well In A Falling Market #tatamotors #q2earnings #tatamotorsstocknews #stockmarket #stocktobuy

'She spends on philanthropy but not...': Narayana Murthy on why wife Sudha Murty chooses to fly in economy class over business class http://ow.ly/xlrx105OAeo

#MarketToday | UPL shares fall 8% as net loss widens in Q2 http://ow.ly/rw65105OAbU

#BTMPW2024 ♀ | Prabha Narasimhan, MD & CEO, Colgate-Palmolive (India) Ltd, highlighted how fostering gender #equity in corporate environments enables prioritising fairness and equity for women across all roles, rather than simply favouring women for specific jobs. ➡️ During a conversation with Siddharth Zarabi, Editor, Business Today, at the 21st edition of #BTMostPowerfulWomen in Business, she said, “If you favour women, then you start looking at meritocracy ahead of you. But when you focus on equity, it ensures that the best person gets the job and women have a fair chance.” Watch the full session on #BTTV: https://lnkd.in/g_bq_kQV Track event updates: https://lnkd.in/g9GYfb7f State Bank of India Taneira DIAGEO India Tata AIA Life Insurance Natural Diamond Council India Circus by Krsnaa Mehta ( A Godrej & Boyce Mfg. Co. Ltd)

‘World Moving Towards Ever Greater Multi-Polarity,’ Jaishankar Says ‘Russia Focused Deeply On Asia’ #sjaishankar #indiarussia #indiarussiarelation #indiarussiabusinessforum #modiputin

Renowned investor and author Ruchir Sharma believes foreign investment will only return to India once the US dollar weakens. His comment comes at a time when India's stock markets have seen record FII outflows. In an interview with Business Today’s Executive Director Rahul Kanwal, Sharma explained that the primary factor hindering foreign capital inflows into India is the strength of the dollar. "The one variable that every investor in India should look at as to when foreign flows will start coming back into India is when the dollar turns," he said. "Until and unless the dollar starts to weaken, then that's when I think foreign investors will return." Sharma also pointed out that unless there is a significant change in US market fundamentals, foreign flows into emerging markets like India will remain weak. "Unfortunately, we're in a paradigm today where you need something to crack in America," he noted, referencing America’s massive budget deficits or a potential dollar weakening. "Unless something like that happens, America and the world is going to remain very obsessed with just US investments, and the prospect for foreign flows coming into these countries will remain pretty grim now." Sharma further explained that the dominance of the US in global financial markets, where its stock market capitalisation now makes up 65% of the global market value, is a major reason behind foreign investors’ reluctance to look elsewhere. "The last 15 years, the post-global financial crisis world from a financial perspective has been entirely dominated by America," he said. Despite India’s strong performance, Sharma believes that investors still see the US as the safest bet. "India's best performing emerging market and its returns are purely the same as America. But obviously, people see much greater risk in going abroad, so they don't feel that you've been compensated enough for the risk that you're taking," he explained. This leaves India in a tough spot, as foreign investors see no incentive to shift their capital. "There is zero interest in international in America from an investing perspective," Sharma noted. "Zero interest, absolutely nobody, because they look at the returns for the last 10 to 15 years and they feel that the American stock market has given us these incredible returns." Listen in to know more. #globalfinance #usdollar #indianrupee #donaldtrump #pmmodi #stockmarket #globalstockmarket Watch: https://lnkd.in/gHaWnheQ