Adani Bonds Rally as Billionaire Moves to Restore Confidence

Adani Bonds Rally as Billionaire Moves to Restore Confidence

Signage atop the Adani Group headquarters in Ahmedabad, India, on Wednesday, Feb. 1, 2023. Bonds of the Indian billionaire’s flagship firm plunged to distressed levels in US trading, and the company abruptly pulled a record domestic stock offering after the Adani group suffered a $92 billion market crash. .

Asia Stock Outlook Dented as Tech Results in Focus: Markets Wrap

Asia Stock Outlook Dented as Tech Results in Focus: Markets Wrap

An electronic stock board inside the Kabuto One building in Tokyo, Japan, on Monday, Nov. 21, 2022. The world’s central banks must keep raising interest rates to fight soaring and pervasive inflation, even as the global economy sinks into a significant slowdown, the OECD said. Photographer: SeongJoon Cho/Bloomberg .

Apple Is Dropping Industrial Design Chief Role in Post-Jony Ive Era

Apple Is Dropping Industrial Design Chief Role in Post-Jony Ive Era

Several of the company’s industrial designers left for LoveFrom, a design and consulting firm founded by Ive and Marc Newson, who formerly worked for Apple. Still, a number of veteran designers have remained at Apple, including Molly Anderson, Duncan Kerr, Bart Andre, Richard Howarth, Peter Russell-Clarke and Ben Shaffer. .

Citigroup’s Wealth Unit Halts Margin Loans on Adani Securities

Citigroup’s Wealth Unit Halts Margin Loans on Adani Securities

Signage inside Citigroup headquarters in New York, US, on Thursday, Aug. 4, 2022. Citigroup Inc. is planning a 500-person hiring spree over the next three years for a new wealth division catering to junior employees at private equity offices, consultancies and accounting firms, betting those clients will someday join the ranks of the ultra wealthy. … Read more

Modi’s Election Budget Unlikely to Delay RBI Path to Rate Pause

Modi’s Election Budget Unlikely to Delay RBI Path to Rate Pause

Wednesday’s budget, the Modi government’s last full year spending plan before a national vote in 2024, sought to leave more money in the hands of the people, by rejigging tax rates under old and new regimes. This included exempting income up to 700,000 rupees from tax versus the earlier threshold of 500,000 rupees under the … Read more

Modi’s Budget Woos Indian Middle Class, Women Ahead of Polls

Modi’s Budget Woos Indian Middle Class, Women Ahead of Polls

India’s middle class is estimated to be about 432 million-strong, according to data from People Research on India’s Consumer Economy. The think tank has categorized households with an annual income ranging between 500,000 rupees ($6,098) to 3 million rupees in 2020-2021 as middle class. .

Chinese Search Giant Baidu to Launch ChatGPT-Style Bot

Chinese Search Giant Baidu to Launch ChatGPT-Style Bot

China’s largest search engine company plans to debut a ChatGPT-style application in March, initially embedding it into its main search services, said the person, asking to remain unidentified discussing private information. The tool, whose name hasn’t been decided, will allow users to get conversation-style search results much like OpenAI’s popular platform. .