Paytm & its payments bank discontinue inter-company agreements to reduce dependencies
Paytm didn't say what agreements were being terminated. Payments bank agreed to simplify shareholders’ agreement to 'support Paytm Payments Bank‘s governance, independent of shareholders'. Key Points
ThePrintMassive break-in at California bakery after car crash: Food and cash stolen
Viral video captures dozens looting a California bakery after a street takeover, seizing lottery tickets and cash. The chaotic incident raises concerns over escalating lawlessness in the community. Key Points
Economic TimesUK regulator refers Adobe's $20 bln buyout of Figma to phase 2 probe
Britain's antitrust regulator on Thursday referred Adobe's (ADBE.O) $20 billion buyout of cloud-based designer platform Figma to an in-depth probe saying the Photoshop owner informed the regulator that it would not offer any remedies to ease its concerns. Key Points
ReutersIndian shares set to open flat on concerns around China economy, US rates
Indian shares are set for a muted open on Tuesday, on risk aversion due to persistent concerns over the health of China's economy and U.S. interest rates. Key Points
ReutersWall St and oil dive as investors fret over rates, China
By Pete Schroeder WASHINGTON (Reuters) -U.S. stocks fell Tuesday, and oil slid over 1% as investors found fresh concerns over whether the Federal Reserve was done hiking interest rates and the Key Points
ThePrint/cloudfront-us-east-2.images.arcpublishing.com/reuters/LSPR7BV4URJ53BY434AHPU2KXE.jpg)
Chinese autonomous vehicle tech raises concerns, US transportation chief says
U.S. Transportation Secretary Pete Buttigieg said on Thursday his agency has national security concerns about Chinese autonomous vehicle suppliers in the American market. Key Points
ReutersIndia has huge sales potential: Boeing
Amid aircraft lessors’ concerns in the wake of the Go First crisis, U.S. aircraft maker Boeing on May 12 said it will work with stakeholders to the best of its abilities to mitigate the issues. Key Points
The HinduOil prices rebound 1% on concerns wider Mideast conflict may cut supply
By Yuka Obayashi and Trixie Yap (Reuters) -Oil prices rebounded by more than 1% on Tuesday, paring previous session's losses, on supply concerns amid an escalating Middle East conflict, stronger U.S. Key Points
ThePrintOil steady as investors weigh US rate cut outlook with Middle East tensions
By Robert Harvey LONDON (Reuters) -Oil prices steadied on Wednesday, stabilising from losses in the previous session, as growing expectations that cuts to U.S. interest rates will take longer than Key Points
ThePrintIndian shares set to open weak as US rate fears, high oil prices weigh
Indian shares are set to open marginally lower on Monday, as rising U.S. rate concerns after strong jobs data and surge in oil prices due to military conflict in the Middle East weighed on sentiment. Key Points
Reuters
India's record high credit card spending indicates a potential risk
Credit card spending in India reached a historic high of 1.48 trillion rupees ($17.8 billion) in August, raising concerns about potential defaults. This surge in spending comes as indebted households are borrowing more in preparation for the festive season, highlighting a trend of increasing indebtedness and decreasing savings among Indians. Key Points
Economic TimesIndian shares set to open lower on domestic inflation concerns
Indian shares are set to open lower on Wednesday as a sharp rise in July domestic inflation hurt sentiment, while global peers fell on interest rate concerns in the U.S. and worries over China's economy. Key Points
Reuters'Not about strategic concerns, it's about human concerns': US envoy Eric Garcetti on Manipur violence
'I don't think it's about strategic concerns, it's about human concerns. You don't have to be an Indian to care when children or individuals die in this sort of violence. We know peace as a precedent for so many good things,' said US ambassador to India Eric Garcetti Key Points
FirstpostPaytm leads $6 billion rally as new-age tech stocks seek redemption
Indian tech unicorns such as Paytm, Zomato, and PB Fintech have rebounded from a global selloff last year and have gained between 28% to 69% this year, adding over $4.7 billion in market value. These companies have focused more on profitability, leading them to exit businesses that showed little promise and cut costs. Even though the global concerns remain, the sector has regained interest as pandemic-safe investments due to its potential in emerging technologies such as artificial intelligence. Despite their gains this year, some shares still trade below their IPO price. Key Points
Economic TimesG7 officials to convene and address challenges of ChatGPT like generative AI Tools. All details
G7 nations will convene to address challenges posed by generative AI tools like ChatGPT. The newly established ‘Hiroshima AI process’ aims to foster discussions and deliberations on the rapid expansion of AI. In their inaugural meeting on May 30, G7 officials will focus on AI-related concerns. Key Points
mint/cloudfront-us-east-2.images.arcpublishing.com/reuters/W4PS5IYAR5OD5JW7QBAQ4MRPAA.jpg)
Indian shares set for muted start on U.S. rate hike worries, geopolitical concerns
Indian shares were set for a muted start on Monday, on worries that the U.S. Fed would go higher for longer with interest rates, while rising concerns after North Korea fired more ballistic missiles further dampened investor mood. Key Points
ReutersAsian shares braced for China data, Fed speakers
Early action was sluggish following a report on Friday showed U.S. consumer sentiment slumped to a six-month low in May and long-term inflation expectations jumped to the highest since 2011, boosting the U.S. dollar and Treasury yields. Key Points
FinancialexpressOil rises as investors weigh Red Sea attacks, US rate cut outlook
By Mohi Narayan NEW DELHI (Reuters) -Oil prices regained some ground in Asian trade on Wednesday amid concerns over attacks on shipping in the Red Sea and growing expectations that cuts to U.S. Key Points
ThePrintIndian shares set to open higher; focus turns to Fed policy
India's benchmark Nifty 50 is set to open higher on Wednesday, as the focus turns to the U.S. Federal Reserve's policy decision, while domestic and U.S. data re-ignited inflation concerns and elevated bets of delay in rate cuts. Key Points
ReutersIssues over TikTok still unresolved, US Treasury Secretary Yellen says
The United States has concerns about issues over privacy and social media, and the matter involving TikTok is not yet resolved, U.S. Treasury Secretary Janet Yellen told CNBC in an interview on Monday. Key Points
Reuters/cloudfront-us-east-2.images.arcpublishing.com/reuters/N6BYZGV6LFNRNK2BVFCQA3YL34.jpg)
Exclusive: Adobe open to remedy discussions with EU on Figma deal, says chief counsel
Photoshop maker Adobe (ADBE.O) expects to get an EU antitrust warning on its $20 billion bid for cloud-based designer platform Figma and is open to proposing remedies to resolve regulatory concerns, its chief counsel told Reuters on Wednesday. Key Points
ReutersUK braces for homelessness crisis - Can they avoid LA and San Francisco's fate?
K. Home Secretary raises concerns over surge in crime and homelessness in British cities. | World News Key Points
Hindustan TimesRecent surge in crude oil prices and bond yields poses challenge, says RBI Guv Shaktikanta Das
Reserve Bank of India Governor, Shaktikanta Das, has identified three challenges facing the global economy: slow moderation in inflation, slowing growth with obstacles, and risks of financial stability. He expressed concerns about the impacts of shocks such as rising crude oil prices and bond yields, stating that they hamper the responses of central banks. Key Points
Economic TimesPaytm leads $6 billion stock rally as India tech unicorns seek redemption
Paytm's parent company, One 97 Communications, has seen a 69% surge in shares, adding $2.7bn in market value, after improving profitability ahead of schedule. Other Indian tech firms, including Zomato and PB Fintech, have also seen significant market value growth Key Points
mintBearish bets on IT bellwether Infosys reaches highest since 2017
Infosys, the Indian information-technology bellwether, is experiencing its highest rate of sell ratings since 2017 due to recession concerns amid India's economy. Seven analysts downgraded the stock to a sell in the last month due to lower IT spending concerns by US lenders. Infosys's slow sales forecast for the current financial year also added to the negative news flow. Despite cheaper valuations and US data points, the shares are now trading at around 20 times forward earnings estimates, leaving 62% of the 47 firms tracking Infosys still having a buy rating on the stock. Key Points
Economic Times
Markets gain more than 1% helped by easing slowdown concerns
The Sensex ended the day up by 1.16% while Nifty was up 1.08% Key Points
mintOpenAI, Apple, Microsoft, Alphabet among AI companies urged by US Senator to prioritize security and combat bias
US Senator took action by sending letters to the CEOs of several AI companies, including OpenAI, Scale AI, Meta Platforms, Midjourney, Anthropic, Percipient.ai, and others to give priority to security measures, address bias concerns, and ensure responsible deployment of new technologies. Key Points
mintUK probing TikTok, ‘want to make sure phones are not spyware,’ says security min
A person familiar with UK plans said at the weekend that the app would be banned, following a similar decision by the European Commission. Western governments have become increasingly worried about TikTok’s potential national security risk, in light of concerns around its parent company, ByteDance Ltd. Key Points
Hindustan TimesCrude oil futures surge to six-session high amid rising tensions in Middle East: S&P GCI
New Delhi [India], January 6 (ANI): Crude oil futures reached a six-session high on January 5, driven by escalating tensions in the Middle East, leading to concerns about potential long-term disruptions to Red Sea vessel traffic. According to S&P Global Commodity Insights (GCI), the decision by A.P. Moller-Maersk, one of the world’s largest shipping lines, […] Key Points
ThePrintRecent NHTSA recalls: Ford, Mercedes-Benz, and Harley-Davidson vehicles
The National Highway Traffic Safety Administration (NHTSA) has issued several vehicle recalls to address safety concerns. Ford is recalling over 238,000 units of its 2020-2022 Explorer SUVs due to a potential issue with the rear axle bolt. Mercedes-Benz is recalling 5,326 of its 2022-2023 AMG SL55 and AMG SL63 vehicles because of concerns with the starter and alternator electrical wiring harness. Harley-Davidson is recalling various 2023 motorcycle models, including the FLHXSE, FLTRXSE, and X350 RA, due to potential issues with the rear brake line and fuel sensor gasket. Key Points
Economic Times
Gold likely to be volatile next week as concerns over US CPI data loom
Gold gained on worries about the US banks as Silicon Valley Bank defaulted, which led to spillover concerns. Some softer than expected data in the US nonfarm payroll report for February also boosted the metal. Key Points
Economic TimesNot just CCTVs, Indian security checks may soon be expanded to cover many other items from China
The Indian government is planning to extend its 'trusted source' mandate to tech devices like smart meters, parking sensors, drone parts, and laptops to tackle concerns over Chinese imports. This move aims to ensure a secure supply chain amid fears of data vulnerabilities. Import monitoring for laptops and computers has already been updated. Key Points
Economic TimesAkasa Air has enough pilots; will ensure there are no cancellations: CEO
Akasa Air CEO Vinay Dube allays concerns of pilot shortage, ensuring no flight cancellations. The company plans growth with over 200 aircraft on order, expanding to both domestic and international routes. Key Points
Economic TimesPakistan’s interim PM Kakar warns against ‘anarchy and disorder’ after allegations of poll rigging
Imran Khan’s PTI party has called for country-wide protests against the ‘unprecedented, massive, brazen rigging’ in General Election. While peaceful protest... Key Points
The Tribune IndiaBudget 2024: Congress leader P Chidambaram accuses FM Nirmala Sitharaman of not speaking on real issues
Former Finance Minister P Chidambaram critiqued Finance Minister Nirmala Sitharaman's budget speech, describing it as boastful claims and accusing her of not addressing real issues like unemployment, inflation, and concerns of women and farmers. He pointed out the challenges faced by the economy and criticized the government's handling of various issues. Chidambaram highlighted the difference in average GDP growth rates between the UPA period and the NDA period. Key Points
Economic TimesOil falls more than 3%, extends losses after US inflation data
By Nicole Jao NEW YORK (Reuters) -Oil prices fell more than 3% on Tuesday, hitting their lowest level in six months amid growing concerns of oversupply and new U.S. economic data signaling softer Key Points
ThePrintIndia tells Brics meet to seriously address Palestinian concerns
We are gathered to discuss the deeply concerning situation in the Middle East, with a particular focus on Gaza. South Africa has rightly taken the initiative to convene the Brics, and also to include those who would be part of the group in due course, External affairs minister S Jaishankar said while representing Prime Minister Narendra Modi at the extraordinary Brics meet on Israel-Hamas crisis that was held virtually. Key Points
Economic TimesStress in the Air? Another young pilot from Air India dies of heart arrest
An Air India pilot, approximately 37 years old, passed away due to a sudden cardiac arrest at the airline's Gurugram office. This incident highlights the issue of stress and fatigue among pilots, with concerns about demanding schedules and faulty rostering practices. The Directorate General of Civil Aviation (DGCA) has released a draft of revised flight duty time limitation (FDTL) rules to address these concerns. Key Points
Economic TimesGlobal concerns weigh on Dow Jones, but Indian market remains resilient amidst challenges
Mumbai (Maharashtra) [India], October 21 (ANI): concerns regarding rising crude oil, yield and gold prices, coupled with the pessimistic sentiment stemming from the Israel-Gaza conflict and geopolitical tensions, have sent the Dow Jones into a turbulent period. US Federal Reserve Chairman Jerome Powell’s dovish statement has contributed to these worries. Show Full Article The US […] Key Points
ThePrintApple CEO Tim Cook sells shares worth $41 million
International Business News: According to a US securities filing, Apple CEO Tim Cook gained $41.5 million after taxes on his largest share transaction in two years. According to t Key Points
Times Of India
A $46 billion rally shows Indian IT stocks' woes easing
Gains picked up after Asias biggest software services exporter Tata Consultancy Services Ltd. last week reported better-than-expected profits for the latest quarter. Its shares climbed, along with those of peers including Infosys Ltd., which is scheduled to report today. Key Points
Economic TimesIndian shares set for muted open ahead of June quarter earnings
Indian shares are set for a subdued start on Monday after investors secured profits at near record-high levels in the previous session on U.S. rate concerns, ahead of the corporate earnings for the June quarter. Key Points
ReutersIndian shares set for flat open on weak global cues; Fed minutes eyed
Indian shares are set to open little changed on Wednesday amid caution due to concerns of escalating trade conflict between the U.S. and China, and as investors await the U.S. Federal Reserve's June monetary policy meeting minutes. Key Points
ReutersRupee declines 9 paise to 82.05 against dollar amid geopolitical worries
India Business News: The rupee declined by 9 paise to close at 82.04 (provisional) against the US dollar on Monday amid geopolitical concerns and firming crude oil prices. Key Points
Times Of India