MUMBAI: Global investment firm KKR has said that central banks globally will start tightening this year and it has expressed caution on long-duration govt bonds, over-levered 2021 vintage deals, lower-income consumer exposure, and assets dependent on a return to the old regime of low inflation, low rates, and abundant liquidity.In its mid-year outlook report ‘The…
The US Navy said it rescued 14 Indian seafarers on Sunday as Virat-1, an Indian-flagged mechanised sailing vessel or dhow, was sinking off the Oman coast following a mechanical failure. The Indian Embassy in Oman said all rescued crew members are “safe and in good health” and were moved to a vessel that is heading…
SpaceX raised a record-breaking $75 billion through its IPO last week, and two more mega IPOs—OpenAI and Anthropic—are expected soon. Successful closure of all these three offers could mean it’s the global market’s top in the current bull phase, and a major slide could soon follow, one of the world’s leading fund managers has warned.“It…
NEW DELHI: Chief economic advisor (CEA) V Anantha Nageswaran has described the current valuations of AI-related companies as a “bubble”, saying fears about AI-driven job losses may be exaggerated amid intense investor enthusiasm around the technology.Nageswaran said, “The stock market, AI-related stocks and AI-related valuations are definitely a bubble. There is no question about it.”…
NEW DELHI: Days after INDIA bloc’s meeting witnessed an intense discussion on NEET and other paper leaks, students’ woes and youth unemployment, Congress has announced that leader of the opposition in Lok Sabha Rahul Gandhi will hold town hall discussions around the country on these issues.The first phase of the party’s nationwide campaign will start…
The US and Iran said they reached an interim agreement to end hostilities and reopen the Strait of Hormuz, with the deal to be signed in Switzerland on Friday. The price of bitcoin BTC$65,672.88 has risen to $65,700, up 2% over the past 24 hours, and its highest level since the early June plunge. The…
NEW DELHI: Leader of the opposition in Lok Sabha Rahul Gandhi Sunday called PM Narendra Modi an “obedient servant” of foreign forces that kill Indians.Congress asked whether the PM would raise the killing of Indian seafarers and the “threatening language” of secretary of state Marco Rubio with the Indian the foreign minister in his upcoming…
Former FTX CEO Sam Bankman-Fried failed to overturn his fraud conviction and 25-year prison sentence tied to the collapse of FTX after a three-judge appeals panel rejected his bid for relief. The unanimous ruling by the 2nd US Circuit Court of Appeals in Manhattan, New York, found that the government’s case against Bankman-Fried was, in…
NEW DELHI: New initiatives to strengthen Bihar’s inland fisheries ecosystem will be launched with the laying of foundation stones for an integrated aqua park at Bhojpur and a national fisheries development board regional centre in Patna Monday.“These initiatives aim to strengthen Bihar’s inland fisheries ecosystem through modern technologies, scientific resource management, employment generation and value…
NEW DELHI: Buzz is growing that assembly polls in Punjab may be brought forward to Nov 2026 from Feb 2027, as scheduled. Keeping this in mind, Congress is learnt to have started its preparations, while the ruling AAP has already kickstarted its campaign.Congress sources said the Punjab unit has held discussions on Nov polls, while…
