BUSINESS
Billionaire-backed IndusInd Bank plans sweeping overhaul after probe
IndusInd’s shares have dropped about 12% this year, compared with a 9% rise in the S&P BSE Sensex Index
BUSINESS
Wedding matchmaker Shaadi.com is said to consider IPO
The Mumbai-based firm has held discussions with investment bankers in recent weeks to explore a listing
WORLD
Trump to meet NYC mayor-elect Zohran Mamdani on Friday
The meeting marks the first time the two leaders — and political polar opposites — will come together to discuss how they can work with each other since the election earlier this month
BUSINESS
Asia’s currency-defence war chest has swelled to $8 trillion
The increase has been helped by this year’s decline in the dollar and rally in gold prices.
WORLD
AI-related stocks rally as Nvidia outlook brings relief
The chipmaker at the heart of the AI trade gave a strong revenue forecast, a sign that demand for its products remains healthy
WORLD
Asia stocks rally hard after Nvidia tops estimates, jobs data in view
CEO Jensen Huang touted blockbuster demand for its AI chips from giant cloud providers and shrugged off concerns about an AI bubble
BUSINESS
US stock futures jump after upbeat Nvidia forecast
Nvidia’s sales will be about $65 billion in the fiscal fourth quarter, which runs through January, the chipmaker said in a statement
CRYPTOCURRENCY
Crypto world wipes out $1 trillion as Bitcoin plunges anew
The largest cryptocurrency fell to as low as $88,522 in New York trading, with the latest rout hitting investors big and small
BUSINESS
Nvidia’s upbeat forecast soothes fears of AI spending bubble
Nvidia results have become a barometer for the health of the AI industry, and the news lifted a variety of related stocks.
WORLD
Donald Trump reaffirms support for high-tech immigrant workers despite MAGA uproar
Donald Trump said he envisions bringing in workers from overseas who could train a generation of Americans in advanced technologies.
BUSINESS
JPMorgan trading desk says buy the dip in stocks
Though the S&P 500 is still expensive by historical standards, the selloff has taken its 12-month forward price-to-earnings ratio to 21.9, the lowest level since August, according to Bloomberg data.
BUSINESS
Alphabet shares soar on ‘rave reviews’ for new Gemini AI model
The Google parent on Tuesday launched the latest version of its Gemini artificial intelligence model, which was met with glowing reviews about its capabilities.
WORLD
Madagascar leader finds huge emerald weighing 300 kgs hidden in presidential palace
The emerald had been at the presidency since 2009 and was part of the national heritage
BUSINESS
BlackRock’s $185 billion models lift stock bets as tech unravels
With about $185 billion in model assets — up from $150 billion earlier this year — BlackRock’s allocation changes can drive massive inflows and outflows among its products.
BUSINESS
Deutsche Bank said to refinance part of $350 million Oyo loan
The German lender is providing a three-year bullet loan of about $150 million
WORLD
Vance, Rubio offer clues to Trump’s foreign policy and the 2028 Presidential race
Both the Republican stars, who have each chased White House dreams, have closely aided Trump as he sketches out the bones of a new foreign policy
WORLD
US reaches initial deal with Saudi Arabia on nuclear sharing
Energy Secretary Chris Wright and his Saudi Arabian counterpart signed a joint declaration signifying the talks were finished
MARKETS
Jefferies hires Mizuho banker to lead private debt in India
Sanjeev Aggarwal, who headed leveraged and structured finance at the Japanese bank in India, has quit and is currently on gardening leave
BUSINESS
RBI’s big inflation misses put India’s forecasts under scrutiny
Economists predict another big miss in the current quarter after a surprisingly low inflation print in October
BUSINESS
Great Bitcoin crash of 2025 has it lagging bonds, gold and more
Once promoted as a high-growth play, an inflation hedge, and a portfolio diversifier, the world’s largest cryptocurrency now faces the prospect of ending the year in the red — without fulfilling any of those roles.
BUSINESS
Asian stocks stabilise, Treasuries hold advances
MSCI’s stocks gauge for Asia Pacific was little changed after the index had its biggest drop since early April on Tuesday.
AUTOMOBILE
Volkswagen pares India EV development costs amid hunt for a partner
The local unit of Europe’s biggest automaker has cut costs to about $700 million from $1 billion for a platform it is developing to build EVs
BUSINESS
Gold steadies as investors weigh stock jitters, rate-cut outlook
Gold has gained around 55% this year, and is on track for its best year since 1979, despite pulling back from a record high last month.
WORLD
US plans to approve sale of chips to Saudi AI venture Humain
The approvals are expected as part of a broader AI agreement between Washington and Riyadh, said the people, who asked not to be named discussing a sensitive matter
