Economy
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Bessent proposes US-China AI safety notifications in talks with Chinese vice premier
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FII selling returns in first half of September as financials, auto stocks face heavy outflows
In early September, foreign investors shifted to selling after a series of buying phases. Notably, financials, automotive, and oil and gas sectors experienced considerable sell-offs. Conversely, healthcare stocks attracted significant investments, reflecting a cautious market sentiment. Investors pulled back on auto and power stocks amidst rising global concerns, which collectively led to a subdued foreign…
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The Inaugural ‘Ocean Way Festival’ In Santa Monica Is Cancelled
The inaugural Ocean Way Festival – set for September 26-27 – has been canceled by the City of Santa Monica due to the impacts of Hurricane Marie.
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Netflix’s ‘Best Of The Best’ Brings A Niche World Into The Spotlight
Netflix’s dive into the world of South Asian dance competitions carves out a story many young South Asians might recognize, but also one that anyone can connect with..
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Softbank Group launches over $10 billion in bonds for OpenAI investment, term sheet shows
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Amaze! ‘Project Hail Mary’ Rocky Collectible Plush On The Way
“Project Hail Mary” is getting a collectible plush of a fan-favorite characters from the film — and it’s not of Ryan Gosling’s Ryland Grace.
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NaBFID plans to raise $1.5 billion via overseas bonds
NaBFID is set to initiate the raising of $500 million via a 10-year overseas bond, while simultaneously negotiating a $1 billion MIGA-backed bond with a longer 15-year maturity. This financial strategy aims to secure essential long-term funding for infrastructure developments.
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‘FCNR haul to power HSBC’s India wealth, retail banking push’
HSBC forecasts that foreign currency deposits will significantly enhance its operations in India. By securing $14.5 billion through a special RBI swap facility, the bank aims to expand lending and wealth management services. The attractive leverage option of up to nineteen times has drawn in depositors. HSBC’s strategy is to deploy these funds cautiously toward…
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Why are Indian companies rushing to tap the bond market?
Indian companies are actively raising funds through the bond market. This activity occurs despite anticipated interest rate increases and tighter liquidity. Large issuers are securing financing before borrowing costs potentially rise further. Surplus banking system liquidity is driving demand for corporate bond issuances. Companies are expected to raise over one thousand crore rupees this week.