BUSINESS
Shapoorji Pallonji Group seeks to raise up to Rs 20,000 cr from lenders: Report
The group has reached out to Power Finance for up to Rs 15,000 crore, the largest chunk in the planned fundraising, the report said
WORLD
Young Chinese ease their angst over economy by playing lottery
“We should still have dreams, who knows one day they may come true?” reads one sign at one lottery store in Chongqing, in southwestern China. With sleek outside seating styled like a trendy cafe, its tagline is “more than just a lottery shop.”
WORLD
Elon Musk’s Neuralink shows first patient playing chess with mind
Neuralink is a brain technology startup founded by Musk. Its implant allows a patient to use their thoughts to control a computer. Musk has said that the company will start by working with patients who have severe physical limitations like cervical spinal cord impairment or quadriplegia.
WORLD
US Fed leaves key lending rate unchanged, officials still see three rate cuts this year
Officials decided unanimously to leave the benchmark federal funds rate in a range of 5.25% to 5.5%, the highest since 2001, for a fifth straight meeting.
TRENDS
India’s probe finds rogue officials involved in US murder plot
US prosecutors in November accused an Indian government official of directing a plot to kill Gurpatwant Singh Pannun, a Sikh separatist and an US citizen, in New York in June
BUSINESS
Michael Dell unloads $465 million of shares after record high
Dell’s chief executive officer has been selling on a near daily basis since March 6 and has now disposed of more than 4 million shares worth about $465 million, according to Bloomberg calculations.x
BUSINESS
India’s aviation boom could support more hubs: Air India CEO Campbell Wilson
Air India last year signed one of the largest-ever jet purchases in aviation history, ordering 470 aircraft from Airbus SE and Boeing Co. The world’s most-populous nation is characterized by a booming consumer class and economic growth that could transform it into one of the world’s largest travel markets.
BUSINESS
How India’s butter chicken found its place in America
Several analyses of Google searches have shown Indian food to be among the Top 5 most sought-after cuisines across the US. When introduced in the US, butter chicken, with its bright bronze hue, creamy tomato-based texture, tender chicken chunks, and less spicy ingredients, felt more accessible to Americans. After all, it’s chicken in a cream sauce
BUSINESS
JPMorgan sees foreign investors flocking to Indian stocks after elections
“Foreign investors who didn’t increase relative positioning in India over last 2-2.5 years waiting for this clearing event, will start focusing back on growth-driven policies or reforms,” Batra, an Asia strategist at JPMorgan, wrote in an email interview.
BUSINESS
India prepares to start new LNG import terminal as demand rises
The facility in Gujarat state is being developed by Hindustan Petroleum Corp., and will have the capacity to import 5 million tons per year of LNG.
WORLD
Nvidia expects to win outsized chunk of data center spending
The executive said that $250 billion will be spent on data center gear annually and his company is positioned to take a bigger share than other chipmakers.
WORLD
Indian infra lender considers bond sale to raise up to $4.8 billion
NaBFID, as the institution is called, is likely to sell bonds with tenors spanning from 10 to 20 years in the financial year starting April 1, the people said, asking not be identified because the details are private.
WORLD
Microsoft hires DeepMind co-founder Mustafa Suleyman to run consumer AI
Mustafa Suleyman, who co-founded Google’s DeepMind, will report to Chief Executive Officer Satya Nadella and oversee a range of projects, such as integrating an AI Copilot into Windows and adding conversational elements to the Bing search engine.
WORLD
Fed to give fresh clues on path of interest-rate cuts
The Federal Open Market Committee is poised to keep rates in a range of 5.25% to 5.5% at its two-day policy meeting, a two-decade high first reached in July.
WORLD
Sam Bankman-Fried says 50-year sentence only suitable for a ‘super villain’
Prosecutors have argued that a sentence ranging from 40 to 50 years is necessary for the FTX co-founder’s “historic” crime involving more than 1 million victims and losses of more than $10 billion in the collapse of his crypto empire.
BUSINESS
Microsoft hires DeepMind co-founder Suleyman to run Consumer AI
Suleyman will oversee a range of projects, such as integrating an AI Copilot into Windows and adding conversational elements to the Bing search engine.
BUSINESS
Amazon bets big on India with 70 new titles amid global cutbacks
The American streaming behemoth, which has been cutting back operations globally, continues to double down in the nation with more than 1.4 billion consumers and one of the fastest-growing entertainment markets
BUSINESS
Calpers raises bets on private equity, credit bets in $34 billion shift away from stocks
Based on current values, that works out to about $34 billion aimed for private equity and credit, while Calpers plans to pare its exposure to publicly traded stocks and bonds.
BUSINESS
India buying more US oil as sanctions stifle Russian flows
State-owned Bharat Petroleum Corp. and Indian Oil Corp., along with top private refiner Reliance Industries Ltd., have purchased about 7 million barrels of April-loading US crude so far this month, said traders who asked not to be identified.
WORLD
YOLO crowd bets Nvidia could more than double in value by Friday
Just look at the options activity on Monday, when traders bet that shares of the $2.2 trillion chipmaker will more than double its $885 price — by the weekend.
WORLD
Nvidia unveils successor to its all-conquering AI processor
A new processor design called Blackwell is multiple times faster at handling the models that underpin AI, the company said at its GTC conference in San Jose, California. That includes the process of developing the technology — a stage known as training – and the running of it, which is called inference.
WORLD
Donald Trump rules out Vivek Ramaswamy as running mate as he eyes new team
Trump personally told Ramaswamy he won’t be his vice presidential pick, according to people briefed on the discussion, but is considering him for posts including Homeland Security secretary.
BUSINESS
Adani says report on bribery probe by US prosecutors is false
Several of Adani Group’s dollar bonds fell the most in more than a year when markets reopened on March 18, and most of the group’s shares declined
TECHNOLOGY
Nvidia backs Yotta Data Service in India’s biggest AI bet yet
The company’s products are so coveted because they’re essential for the development of artificial intelligence, the technology that’s set off a frenzy in industries around the world.
