Chandra decides to leave Bombay House; Tata Sons holds crisis townhall

Gold prices are stabilising after recent declines, supported by escalating Middle East tensions, robust central bank buying and resilient Asian demand. While a strong dollar and high interest rates remain headwinds, analysts expect consolidation with potential upside if geopolitical and monetary conditions improve.

The Nasdaq opened lower on Tuesday, reflecting global market caution. AI chip stocks faced concerns over corporate spending and Chinese competition. The Dow Jones Industrial Average saw an increase at the opening bell. Meanwhile, the S&P 500 experienced a slight decline. Investors awaited earnings reports from major Wall Street companies.

Securities and Exchange Board of India (Sebi) is proposing significant governance changes for alternative investment funds. The regulator aims to standardize investor consent, enhance oversight of conflict-of-interest deals, and introduce a uniform 75% approval threshold for key decisions. This move seeks to address inconsistencies in current rules and ensure greater transparency and fairness for investors…