Trouble brewing in Indian alternative investment funds as they become $40 billion time-bomb

Exotic funds, designed for wealthy investors, have grown to $40 billion from nothing in just seven years, expanding by 71% in the 12 months through March.

DHFL, debt mutual funds, NAV, Tata MF, BNP Paribas MF, Reserve Bank of India, Aditya Birla Sun Life, Reliance Low Duration Fund News

Climate change is an undeniable reality

Global surface temperatures have surpassed the 1951-1980 average every year since 1977, which means anyone born since has lived their entire lives in an already changed climate.

Opinion News

Google appoints new chief to oversee tumultuous China region

Google takes in about 15% of its annual revenue from the Asia Pacific even though it pulled its search engine from the world’s No. 2 economy around 2010, citing censorship. Advertising from Chinese companies however remains

Google chief cihna, google baidu , google China, sunder pichai china News

What US trade ban? Huawei has 56,492 patents and isn’t afraid to use them now

Qualcomm and Huawei are seen as two of the biggest players developing 5G that could bring not only faster speeds

Industry News

Huawei prepares for dip in global smartphone sales amid US trade regulation

Huawei is developing more of its own chips and mobile software to reduce its reliance on foreign technology

Industry News

Bond rally may stall as investors turn jittery about govt fiscal discipline

Bond traders have already shown signs they can be nervous about the nation’s financial health.

Corporate bond yields witnessed a sharp fall across different maturities in May. News

Greener energy may mean slower growth

In future, as the world works to protect the climate by turning to low-carbon fuel sources, lower economic growth may be an unwanted consequence

The credit goes to the government policies supporting solar PVs and wind energy. (Representative image) News

2020 US presidential elections: Joe Biden leads pack of democratic hopefuls to beat Trump factor

Biden’s top-preference numbers would translate today into an estimated delegate standing of 731 delegates to Warren’s 355 and Sanders’ 317, CBS said.

Joe Biden, donald trump, US presidential elections, US elections, 2020 US presidential elections, bernie sanders News

All of Argentina, Uruguay in darkness after massive power outage

A huge power failure cut off electricity in Argentina and Uruguay on Sunday morning, according to media reports and a regional utility. Parts of Brazil and Paraguay also were affected, the BBC reported.

World News

Saudi crown prince Mohammed Bin Salman says Aramco’s planned IPO is on track

The world’s top crude exporter aims to offer Aramco stock on its domestic exchange and at least one international bourse, with the prince projecting the company’s value at about $2 trillion.

Saudi, Saudi crown prince, Mohammed Bin Salman, Aramco, Aramco IPO, international bourse, market news

India increases tariffs on 28 US goods as trade war heats up

The increased charges have been imposed on 28 products including chickpeas, phosphoric acid, apples, almonds and walnuts, according to the notice released late Saturday.

Economy News

US-Iran standoff hardens as conflicting accounts of tanker attacks swirl

The U.S. political and military standoff with Iran hardened as conflicting narratives about a pair of attacks on tankers near the Persian Gulf stoked regional tensions and President Donald Trump vowed that Tehran will not be

World News

Apple market value may hit $1 trillion again on trade deal

A resolution to U.S.-China trade tensions could add as much as $25 a share to Apple Inc.’s stock price and take it back to a $1 trillion market value, according to Wedbush Securities analyst Daniel Ives.

Markets News

WeWork to buy majority stake in India affiliate for $2.75 billion as former gears for IPO

Adding India to its asset portfolio may benefit WeWork as it preps for its initial public offering.

Industry News

IBM’s AI debating system argues for and against cannabis legalization

IBM will make the “speech by crowd” option available on a trial basis starting Thursday as it’s not quite ready for market yet, according to Israel general manager Danny Melka. I

IBM, IBM artificial intelligence, Alphabet Inc, AlphaGo, AI systems, Tel Aviv News

Indian growth narrative of 7% GDP has done real damage

The actual GDP growth rate between 2012 and 2017, according to Arvind Subramanian’s working paper for Harvard University, may have been 2.5 percentage points lower than the official 7% rate.

Narendra Modi, Narendra Singh Tomar, Nirmala Sitharaman, Piyush Goyal, PM KISAN scheme News

Amazon US online market share estimate cut to 38% from 47%

An Amazon spokesman said EMarketer reached out to the company’s analyst relations group after Chief Executive Officer Jeff Bezos disclosed that independent merchants accounted for 58% of gross merchandise sales on the retai

Amazon, Amazon US online market share,  EMarketer Inc, US e-commerce market, Jeff Bezos, Google, Facebook Inc,  Apple Inc, Alphabet Inc News

Apple CEO Tim Cook visits White House to discuss job training

Big US tech companies have long complained that there aren’t enough tech-savvy candidates to hire.

Apple CEO, Apple CEO Tim Cook, White House, US employers, Trump administration, Donald Trump, Sundar Pichai, google News

Modi Government hopes to rake in $84 billion from airwaves auction in 2019

Spectrum auctions -- a significant source of revenue for the national exchequer in the past -- are coming at a particularly challenging time for India’s mobile-phone carriers.

Modi Government, Narendra Modi, telecom ministry, telecom airwaves auction, airwaves auction 2019, Mukesh Ambani, Spectrum auctions News

Telegram boss Pavel Durov links DDoS attack to China amid Hong Kong tension

Telegram was created by Durov, a Russian entrepreneur known for his advocacy of internet freedoms

Industry News

Dry weather sours sugar output in India; production touches 3 years low

Droughts are withering cane fields in parts of Maharashtra and Karnataka, and the monsoon is delayed, reducing prospects for the coming crop.

At present, sugar is distributed at a subsided rate of Rs 13.5 per kg to 2.5 crore families under the Antyodaya Anna Yojana (Reuters File photo) News

Indian growth narrative: Economy in crisis after reduced GDP estimate

If India’s growing fast, why do most other indicators suggest the economy is stagnating or slowing?

income, middle income trap, middle income grup News

Johnson & Johnson, Colgate ordered to pay almost $10million in California talc case

The jury concluded Wednesday that the companies’ body powders were a cause of Patricia Schmitz’s mesothelioma, a cancer specifically linked to asbestos exposure.

Johnson & Johnson, Colgate-Palmolive Co, California woman, California talc case, J&J products, cancer, Avon Products Inc, ovarian cancer, mesothelioma News

Trump threatens Germany with pipeline sanctions, US troop cut

Echoing previous threats about German support for the Nord Stream 2 pipeline, Trump said he’s looking at sanctions to block the project he’s warned would leave Berlin “captive” to Moscow.

Donald Trump, Germany, Russia, Angela Merkel, NATO, pipeline sanctions, US-German ties, Iran, Nord Stream 2 project News