Michael Burry — the investor known for predicting the housing meltdown ahead of 2008 — has turned his attention to one of the market’s most beloved themes: artificial intelligence. Burry recently deregistered his hedge-fund firm, Scion Asset Management, removing it from routine regulatory disclosures. But he remains actively investing, and he is doubling down on…
India’s gold loan market is gearing up for strong expansion, with non-bank lenders preparing to open around 3,000 dedicated branches over the next year to meet rising demand. The market, which is largely led by public-sector banks, grew 36% year-on-year to Rs 14.5 lakh crore by the end of September.According to sector heads quoted by…
Gold prices surged on Tuesday in the futures trade, tracking firm global cues as expectations of a US Federal Reserve rate cut next month gained further momentum after dovish comments from top officials. The optimism pushed bullion higher for the third straight session, with traders increasing their bets on easier monetary policy.On the Multi Commodity…
India’s fiscal space is tightening as recent tax cuts weigh on revenue growth, leaving the government with less room to support the economy through policy measures, Moody’s Ratings said on Tuesday, according to PTI. The global agency flagged that lower collections in the current financial year have added pressure on the fiscal consolidation path.Speaking at…
The commerce ministry has begun a detailed mapping of mandatory and voluntary non-tariff measures across major global markets as part of a new effort to strengthen export quality and technical compliance.In a note, the Directorate General of Foreign Trade (DGFT) said it is compiling a database of regulatory requirements — including certifications, testing protocols, inspections,…
Kyrgyzstan has arrested the Chinese chief executive of a gold mining company accused of causing “large-scale” environmental damage, marking a sharp escalation in local scrutiny of Chinese investment in the Central Asian nation.The Chinese national, who heads Kemin Resource Group, was detained last Thursday for allegedly damaging thousands of square metres of land and providing…
Alibaba reported a stronger September quarter on Tuesday, buoyed by the blockbuster launch of its redesigned Qwen AI app and a sharp pickup in cloud-computing revenue, even as net profit fell sharply.The Chinese tech major said revenue for the three months ended September 30 rose 5% year-on-year to 247.8 billion yuan ($35 billion), ahead of…
Today’s newswrap highlights fiery political statements, a landmark temple ceremony, and cricket drama. Prime Minister Narendra Modi hoisted the saffron Dharma Dhwaj atop the Ram Temple, declaring that centuries of pain had finally been addressed. Assam CM Himanta Biswa Sarma called singer Zubeen Garg’s death a “plain murder,” hinting at a shocking motive. Bengal CM…
File photo: Air India chief executive Campbell Wilson (Picture credit: PTI) Air India is set to roll out a major refresh of its aircraft, cabins and lounges as part of a wider push to win back passengers after the tragic June crash that killed 260 people. The Tata-owned airline, which has been working on a…
