Tensions in West Asia, FPI selling lead to biggest 1-day fall in 2 months
Indices slump over 2% as West Asia crisis deepens, FPIs retreat (03-10-2024)
Sensex sheds 1,769 points, Nifty 2.12%; M-cap of companies tumbles over ₹10 lakh crore
Aswath Damodaran debunks the Fed Myth. It’s a delusion that has destroyed enough investing brain cells, he says (03-10-2024)
Aswath Damodaran argues that the Federal Reserve has less influence over interest rates than commonly believed. The Fed sets only the Fed Funds rate, and other rates are not directly indexed to it. This challenges the idea that the Fed controls borrowing costs across the economy.
Blackstone seeks to raise at least $10 billion in new Asia PE fund, focusing on India, sources say (03-10-2024)
Blackstone Inc, the world’s largest alternative asset manager, has started raising its third Asia-focused private equity (PE) fund, targeting at least $10 billion, two people with knowledge of the situation said.
JDS lawmaker defends Siddaramaiah, says FIR doesn’t require a leader to resign (03-10-2024)
JDS leader GT Deve Gowda criticized those demanding CM Siddaramaiah’s resignation over an alleged unlawful housing plot allotment to his wife. He praised Siddaramaiah’s development work and questioned why he should resign, causing a stir in JDS and BJP. CM Siddaramaiah welcomed Gowda’s bold statements during the Dasara festivities in Mysuru.