BUSINESS
RBI will likely hold rates, boost liquidity
Bond traders are pricing in a rate cut soon with yields falling across tenure, and swaps rates, that signal interest-rate sensitivity, sliding.
COMPANIES
Poonawalla Fincorp looks to double staff in growth blitz
The non-bank finance company plans to add six retail-focused lending businesses in the next four to six quarters
MARKETS
Robinhood to launch in Asia in 2025 with Singapore HQ
The expansion comes on the heels of the Menlo Park, California-based company entering the UK this year, offering some though not all of its trademark services to those customers
BUSINESS
Shapoorji Pallonji Group firm Goswami Infratech’s gets investor assurance to defer debt
Goswami Infratech’s Rs 1,800 crore of payment due September 30 this year will be deferred to December 2025, Venkatesh Gopalkrishnan, director of group promoter’s office at Shapoorji Pallonji said.
WORLD
Asian stocks mirror US advance; yen strengthens
Equities in Japan and Australia climbed, while those in South Korea fell as the country’s opposition party sought to impeach President Yoon Suk Yeol
BUSINESS
China tech stumbles in hunt for Wall Street’s AI gold rush
The Nasdaq 100 has soared more than 75% since ChatGPT was introduced two years ago, compared with Hang Seng Tech Index’s 16% gain
COMPANIES
Byju’s content manager, business partner face US court sanctions
A federal judge is considering imposing millions of dollars in sanctions on Byju’s manager Vinay Ravindra and company ally Rajendran Vellapalath, who founded Dubai-based tech startup Voizzit Technology
BUSINESS
Salesforce posts strong revenue with promise of AI boost
Salesforce, the top seller of customer relations management software, pivoted its AI strategy this year to focus on tools called agents, which are designed to complete tasks such as customer support or sales development without human supervision.
WORLD
Asian stocks slip as Kospi slides on South Korea's political turmoil
The benchmark Kospi Index fell as much as 2% early Wednesday after South Korea-related assets all dropped overnight
BUSINESS
Jaguar’s controversial ad aimed to get eyeballs, says MD Rawdon Glover
Jaguar last night unveiled its new concept car, the Type 00, at Miami Art Week, with examples in pink and blue. It’s characterized by flush surfaces, a long hood, a glassless rear tailgate and taillights that span the width of its body.
BUSINESS
Bearish options bets on Rupee jump 200% on surprise GDP slowdown
The spike in bearish bets has been accompanied by an increase in the rupee’s one-month implied volatility versus the dollar. This measure rose to 3.27% on Tuesday, the highest since Aug. 6. It was at 2.55% on Friday.
INDIA
India pivots from Russia to US for cutting-edge weapons
New Delhi’s fighter fleet is dropping steadily as it faces off against two hostile neighbors — China and Pakistan
BUSINESS
Speculation over RBI chief Shaktikanta Das' future heats up after GDP miss
Economists are speculating over the future of Das in the wake of data showing the South Asian economy expanded 5.4% from July to September
WORLD
Buy ‘magnificent seven’ on corrections, says NYU’s Damodaran
A Bloomberg gauge of the seven has surged 60% so far this year after doubling in 2023
BUSINESS
Trump remains opposed to US steel sale, pledges tariff fix
Trump made the comment in a Truth Social post on Monday night, with the decision on whether it goes forward slated to land on Biden’s desk before Trump’s inauguration.
BUSINESS
Indian insurers seek zero-coupon bonds to manage long-term risks
Zero-coupon bonds could help insurance companies better manage their long-term liabilities, as they step up offerings of guaranteed savings products
BUSINESS
Stocks versus Bonds dilemma hits EM traders as Trump returns
EM dollar bonds outperformed stocks for the first three years of Biden’s presidency. This year they’re neck-in-neck, with the benchmark equity index returning 8.8% versus about 7.9% for bonds - though the latter came with half the volatility.
CRYPTOCURRENCY
Bitcoin’s push toward $100,000 runs into a wall of resistance
As Bitcoin’s price plateaus, interest is rising in other digital assets, such as second-largest cryptocurrency Ether and XRP
WORLD
SpaceX weighs tender offer at roughly $350 billion valuation
That would be a significant premium to a previously mulled valuation of $255 billion as reported by Bloomberg News and other media outlets just last month
WORLD
Asian stocks rise with US curbs on China in focus
Equity benchmarks gained in Japan, South Korea and Australia. Hong Kong and US futures were steady
BUSINESS
Bezos backs Tenstorrent, AI chipmaker vying with Nvidia at $2.6 billion value
Tenstorrent hopes to create a chip to try and break Nvidia’s stranglehold on the AI business, and has raised capital in a funding round led by South Korea’s AFW Partners and Samsung Securities, founder Jim Keller said.
BUSINESS
Intel CEO Pat Gelsinger forced out by board frustrated with slow progress
Intel Chief Financial Officer David Zinsner and Executive Vice President Michelle Johnston Holthaus are serving as interim co-CEOs while the board searches for Gelsinger’s replacement, the company said in a statement.
BUSINESS
Jeff Bezos is betting on AI chip startup Tenstorrent to take on Nvidia
Tenstorrent is also a proponent of an alternative kind of logic processor based on an open standard called RISC-V, which poses a challenge to Arm Holdings Plc.
WORLD
US bitcoin, ether ETFs log record inflows on Trump’s embrace of crypto
The groups of Bitcoin and Ether ETFs each posted record monthly net inflows in November, $6.5 billion and $1.1 billion respectively
