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.
Economy
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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.
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IPO rush continues: 20 issues to raise over Rs 4,152 crore this week
Investors can look forward to a bustling week as seven mainboard and thirteen SME IPOs roll out for subscription. Together, these offerings project a hefty fundraising target of approximately ₹4,152 crore. Elevate Campuses’ significant ₹2,100 crore IPO is positioned as the star among the mainboard projects. Furthermore, six mainboard and eight SME firms are scheduled…
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Global Market Today: Asian stocks edge higher, oil extends losses
MSCI’s Asia Pacific equities gauge advanced 0.2% with Japan shut for a public holiday. S&P 500 futures rose 0.3% after the underlying gauge eked out a gain Friday, while contracts on the Nasdaq 100 Index climbed 0.4%.
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SpaceX stock transfers raise compliance questions for Indian HNIs
Indian investors holding SpaceX shares are seeking legal advice on compliance. These investors received SpaceX shares directly from offshore funds. This distribution aimed to avoid stock dumping and defer investor taxes. Regulatory hurdles may arise from the timing and nature of these investments. Taxation views differ, with some suggesting capital gains tax upon receipt.