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Exotic corporate debt products like SDIs lure yield-hungry Indian savers

Investor appetite for bonds rated below AA has increased significantly and SDIs provide access to a pool of high-yield debt via a single investment, said Ajay Kejriwal, head of trading desk at Vivriti

Apple targets new Miami office space following Amazon and Microsoft

The company already has a smaller office in the vicinity, which has focused mostly on Latin America as well as the advertising business, including selling ad slots in the App Store

IMF under pressure to cut billions of dollars in fees for large borrowers

The IMF released a statement last week saying that "a number" of its board members were open to reviewing policies around surcharges, the fees that it charges nations that borrow more

Private credit faces liquidity risks if stress rises, says IMF report

Private credit also remains largely untested in an economic slump, according to the analysis. It caters to mostly small and mid-size borrowers with higher leverage, implying more risk

US-China tensions fragmenting trade and investment, finds IMF study

Another contrast is that many of those non-aligned economies are benefiting from a new status as "connector" economies between the two blocs, it added

Google unveils host of updates for AI Model for cloud computing customers

The company is rolling out the use of Google search results as a source for the AI model's answers, thereby providing greater accuracy and freshness, Kurian said

Tesla investors brace for potential back-to-back vehicle sales decline

The carmaker faces a tough year-ago comparison in the current period, Ben Kallo, who rates Tesla's stock the equivalent of a buy, said in a note published Tuesday

Intel unveils new AI accelerator chip in bid to gain footing on Nvidia

The updated processor, called Gaudi 3, will be widely available in the third quarter, Intel said at a company event early Tuesday

Air India's aircraft technicians planning strike amid mounting woes

Its staff are upset over lack of career advancement opportunities because they haven't been promoted in the past seven years, according to the letter

India may devote more sugar to ethanol in blow to export hopes: Report

The nation extended its export restrictions in October to protect domestic supplies ahead of national elections

Adani Green in talks to raise $400 mn in offshore loan for upcoming project

The foreign currency loan could range from seven to ten years, with the pricing likely linked to the Secured Overnight Financing Rate, said the people, who asked not to be named

Impulse to speak out leads to 'self-inflicted wounds', says Elon Musk

Musk was sued in Texas state court in October by Ben Brody after endorsing a social media post that compared an Instagram profile of Brody to a photo of a White supremacist

Pak's Finance Minister Aurangzeb leaves banker life behind to fix economy

Aurangzeb was one of the highest paid corporate leaders in Pakistan before joining the government. Now, in line with other cabinet members, he's not drawing a salary

UBS Group weighs Credit Suisse's China stake swap with Beijing govt

UBS put the Credit Suisse venture up for sale after taking control of its smaller Swiss rival when it collapsed last year

India needs more leaders like Manmohan Singh to propel growth momentum

The standard critique of Singh mingles this lack of legitimacy with his retiring manner and stilted speechmaking to create a picture of a weak man who just happened to make history

India's hottest stock index, Nifty Next 50, shows best earnings potential

Earnings growth is proving to be a key metric. Made up of potential candidates for the benchmark Nifty 50, the gauge has seen its forward profit estimates climb 20% so far this year

TSMC boosts Biden's AI chip ambitions with $11.6 billion agreement

Under preliminary agreement announced by the US, TSMC will construct a third factory in Phoenix, adding to two facilities in the state that are expected to begin production in 2025 and 2028

Biocon leads India's push into anti-obesity drugs as patents lapse

The company, helmed by Kiran Mazumdar Shaw, is leading the charge among Indian drugmakers - the world's largest supplier of generic medicines - as they race to grab a slice of the obesity drugs market

After Bitcoin surge, crypto venture capital creeps toward comeback: Report

VC investment in crypto startups reached $2.5 billion during the first quarter of 2024, a 32% increase from the last quarter and roughly even with the same period last year

Watches are not investments, comparing to stocks risky, says Rolex CEO

Rolex is the biggest Swiss watch brand and dominates the industry with an estimated 30% market share. Known for its Datejust, Daytona and Submariner models