Page 313 - Bloomberg/reuters

RBI likely to consider canceling Paytm Payments Bank permit: Report

No final decision has been reached as yet and the RBI's thinking may change based on Paytm's representation, the people said

Foreigners turn cautious on India stocks as selling crosses $3 bn

Indian stocks have benefited from global funds' waning appetite for China

In 2 days, Paytm erases $2 bn in market value as RBI action spooks market

Paytm is now down about 77 per cent from its initial public offering in 2021

A 5,800% renewables stock surge has some Indian investors worried

The biggest stock winners in India's renewable sector are now all facing the challenge from minuscule earnings, which has sent valuations through the roof

Harvard University faces new threat of state tax on $51 billion endowment

Harvard, the oldest and richest college in the US, has long been a target for its immense wealth

India equity-focused investment trusts in Japan grow 11% in January

In contrast, flows into Chinese shares dropped the most among 14 emerging markets that are covered by Japan's data on international investment positions

Meta, Amazon job cuts in 2023, belt-tightening pay off for investors

The question now becomes whether leaner, more focused versions of Meta and Amazon can continue to strive for the bold and ambitious tech advancements that have made them household names

Govt to spend less on farmer fertiliser subsidy as world prices soften

India's budget deficit is projected to be 5.8% of gross domestic product in 2023-24. The government aims to curb the deficit to 5.1% in the next financial year

Bonds in India rally as interim Budget surprises with lower borrowings

Bonds also got a boost from a reduction in the government's fiscal deficit target to 5.1 per cent of gross domestic product versus an estimate of 5.3 per cent in the survey

India's fintech pioneer Paytm Payments Bank has lost more than its bank

On the face of it, it's not a very big deal. A payments bank in India is basically a utility, which can accept deposits up to Rs 2,00,000 ($2,400) and is not allowed to make loans

Bain Capital plans to invest $7 bn in India, boost hiring in next 3-5 yrs

The Boston-based firm also plans to increase its team of 25 private equity and special situations investment professionals by 15 per cent to 20 per cent over the next two or three years

India's big yr for bonds starts with best Jan since 2019 on foreign inflows

The outlook for Indian debt has brightened amid hopes of foreign inflows of as much as $40 billion due to the index inclusion

Microsoft, Google woo India programmers to win AI leadership in the country

Microsoft Chief Executive Officer Satya Nadella will address developers and technologists on "discovering new opportunities with AI" during a visit next week in Bangalore

Modi's thrifty populism is working for now, but may have a cost in future

Over the years, Modi has instead spent the extra money available to him on infrastructure

Elon Musk gets big 'yes' vote to deepen Texas ties after pay rejected

By Wednesday evening, Texas had won about 87 per cent of the 1.1 million votes.

Meta, X, TikTok CEOs ripped by US senators over child online safety

"These companies must be reined in, or the worst is yet to come," Senator Lindsey Graham, the top Republican on the committee, said

US companies turning more optimistic in China outlook, shows survey

Still, 43 per cent of surveyed AmCham members indicated they don't plan to expand their investments this year, and another 5 per cent planned to cut the spending

Crypto exchange FTX abandons efforts to restart its crypto exchange

FTX has been negotiating for months with potential bidders and investors, but none were willing to put in enough money to rebuild the FTX exchange

GPT-4 poses little risk of in creation of bioweapons, says OpenAI

For months, lawmakers and even some tech executives have raised concerns about whether AI can make it easier for bad actors to develop biological weapons

Elon Musk's $55 billion pay package at Tesla voided, things to know

When the package was proposed in early 2018, the goals seemed like moonshots. The top threshold in each category required Tesla to grow by more than 11-fold