Arvind Sanger, Managing Partner at Geosphere Capital Management, says markets are misreading the Trump-Xi Jinping summit in Beijing, warning that the Iran war and rising oil prices pose a more immediate threat to global equities than investors appear to be pricing in — including to the widely-held artificial intelligence (AI) trade. “The hope that the…
‘Smoking gun’ evidence was found in AP’s granulite rocks, which showed same age and chemistry as those in East Antarctica VISAKHAPATNAM: Imagine a world where the lush Eastern Ghats of India did not face the Bay of Bengal (Indian Ocean) but instead merged seamlessly into an icy mountain range in Antarctica. For decades, geologists have…
V Srivatsa, Executive VP-Equity at UTI AMC, remains positive on large private banks despite near-term pressure on NIMs, citing attractive valuations and stable credit costs. He also sees value emerging in IT stocks, where growth remains at 3-5% despite AI concerns, with companies trading at 5-6% free cash flow yields. Srivatsa prefers AMCs over exchanges…
AMRITSAR: A 21-year-old woman allegedly shot her father using his licensed revolver in Khalchian village, police said. The injured man, Parminder Singh, was rushed to Guru Nanak Dev Hospital, where his condition is reported to be stable.SSP (Amritsar Rural) Suhail Qasim Mir said the accused, identified as Snehdeep Kaur, has been arrested.The SSP said police…
NEW DELHI: Chief Justice Surya Kant Saturday said he ‘was pained’ by a section of media misquoting his comments on youth during courtroom proceedings on Friday and clarified that his angst was against those joining the legal profession with bogus degrees and behaving like parasites.In a statement, CJI Kant said, “What I had specifically criticised…
Golden Tempo will not compete in the Preakness Stakes, ending any possibility of a Triple Crown winner in 2026 after trainer Cherie DeVaux opted to prioritise the colt’s long-term future over a quick two-week turnaround. The surprise Kentucky Derby champion stunned horse racing fans after winning at 23-1 odds, immediately becoming the center of Triple…
The Indian rupee staged a sharp recovery on Thursday (May 14) after earlier hitting an all-time low, strengthening nearly 20 paise from intraday lows amid reports that the government is considering reducing taxes on foreign investments in Indian bonds to attract capital inflows. The rupee, which had weakened past the 95.80 mark earlier in the…
NAGPUR: Maharashtra delivered a knockout blow to Maoist insurgency, effectively wiping out guerrilla presence in Gadchiroli district in a 100-hour coordinated action this week, leaving zero active Maoists in police records. This comes 45 days after Union home minister Amit Shah’s March 31 deadline to eradicate left-wing extremism in the country. The last four standing…
NEW DELHI: India’s third largest telecom operator Vodafone Idea (VI) is finally profitable. On Saturday, it reported a net profit of Rs 51,986 crore in March quarter — probably a record for any company — against a loss of Rs 7,168 crore in the corresponding period of 2025.This was thanks to a one-time accounting gain…
The 151st edition of the Preakness Stakes takes place on Saturday, May 16, marking the second leg of horse racing’s Triple Crown series. For the first time in decades, the race will be held at Laurel Park instead of Pimlico Race Course, which is currently undergoing a major renovation project. The Preakness field is smaller…
