BUSINESS
Citadel Securities to hire country head, traders to boost India push
The US-based firm, part of Ken Griffin’s hedge fund and trading empire, is also looking to add at least six employees across functions, including trading, to bolster its 10-member team in the country, they said, asking not to be identified.
BUSINESS
Vedanta Resources pauses bond sale plans after Adani market volatility
Vedanta has been no stranger to swings in its own bonds previously, after they were dragged down by plunging metals prices, domestic oil taxes and fears about how it could honour its debts.
BUSINESS
Here are the US charges against Indian billionaire Gautam Adani
Co-conspirators met in person and communicated through an electronic messaging app to discuss execution, including while in the US.
BUSINESS
Byju’s founder accused of trying to regain firm with hidden cash
Raveendran allegedly recruited Hailer, who is a former political consultant, to try to buy out US creditors owed more than $1.2 billion under a loan, according to the filing with the US Bankruptcy Court in Delaware.
BUSINESS
Adani bonds tumble after founder charged by US authorities
Billionaire Adani has been charged for allegedly participating in a scheme that involved promising to pay more than $250 million in bribes to Indian government officials to secure solar energy contracts.
BUSINESS
Gautam Adani charged by US over alleged $250 million bribe plot: Bloomberg
Prosecutors in Brooklyn, New York, alleged on Wednesday that Adani and other defendants lied about the plan as they sought to raise money from US investors.
BUSINESS
Nvidia traders brace for potential $300 billion earnings move
The options-implied move for Nvidia shares the day after earnings is about 8% in either direction, according to data compiled by Bloomberg.
BUSINESS
Top cities, including NCR, Mumbai see 23% jump in home prices, says ANAROCK
The average house price in top seven cities, including the capital New Delhi and Mumbai, climbed 23% from a year earlier to Rs 1.23 crore during April-September, Mumbai-based ANAROCK said in a report on Wednesday.
BUSINESS
How US Congress can pay for extending the tax cuts and jobs act
A potential solution exists that would keep US debt from spiraling out of control and should be acceptable to Republicans because they floated it not too long ago
BUSINESS
Bridgewater says Trump may pick more accommodating Fed chief
Should US inflation move closer to 3%, Trump may be inclined to nominate a Federal Reserve chairman who would accommodate the higher target and free him to cut rates, Bridgewater Associates Co-Chief Investment Officer said.
BUSINESS
Google’s Chrome worth up to $20 billion if judge orders sale
Antitrust enforcers want the judge to order Google to sell off Chrome because, as the most widely used browser worldwide, it represents a key access point through which many people use its search engine, the people said.
INDIA
Coal plants in India set to miss pollution goal as smog chokes Delhi
About three-quarters of the coal-fired generators near major cities are set to miss a year-end deadline to install equipment to curb sulfur-dioxide emissions, according to people familiar with the matter, who asked not to be identified as the information isn’t public.
BUSINESS
Gautam Adani offers dollar bond again after earlier deal postponed
The increase in US yields since Trump’s election victory may result in higher all-in borrowing costs for Adani than if it had proceeded with its October offering.
BUSINESS
Curb your debts to prepare for the next pandemic, Raghuram Rajan tells US
Rajan said his warning is apt for the US, whose debt trajectory will keep increasing steadily, according to IMF forecasts released last month.
WORLD
Russia’s war against Ukraine is entering dangerous new phase
As the conflict entered its 1,000th day, Ukraine took advantage of its newly granted long-range missile capabilities to strike a military base on Russian territory
BUSINESS
Rajeev Misra’s OneIM upsizes to $8 billion to boost investments
The fundraising has increased OneIM’s corpus to $8 billion, the people said, asking not to be named as the information is not public.
WORLD
Where was Biden? The G-20 photo shows him out of the picture
BUSINESS
Japan and China dump US Treasuries before Trump’s victory
Japanese investors sold a record $61.9 billion of the securities in the three months ended Sept. 30, data from the US Department of the Treasury showed on Monday. Funds in China offloaded $51.3 billion during the same period, the second biggest sum on record.
BUSINESS
Domestic share sales are seeing record purchases by global funds
India has become a hotspot for dealmaking, with companies raising a record $28.4 billion from IPOs and primary share offerings this year, as per Prime Database.
BUSINESS
Olav Thon, billionaire Norwegian real estate tycoon, dies at 101
Thon was the founder and chairman of the eponymous company, one of Norway’s largest closely-held real estate enterprises. It owns about 90 malls, 80 hotels and 500 commercial properties in Norway, Belgium and the Netherlands.
BUSINESS
HSBC managers are competing to keep their jobs in CEO’s revamp
The process will result in the British bank beginning to dismiss several hundred managing directors and other senior bankers in the coming weeks, the people said, asking not to be identified discussing private deliberations.
BUSINESS
Indian bonds suffer biggest outflows since index addition
Global funds net sold Rs 4,960 crore of Fully Accessible Route debt last week, which is the biggest weekly outflow since they were included in JPMorgan Chase's emerging-market bond index in June.
BUSINESS
Indian bonds see biggest outflows since index addition
Global funds sold a net 49.6 billion rupees ($588 million) of the so-called Fully Accessible Route bonds last week, according to Clearing Corporation of India Ltd. data.
WORLD
North Korea may end up sending Putin 100,000 troops for his war
The analysis is one of several on the evolving partnership between Russian President Vladimir Putin and North Korean leader Kim Jong Un
