HDFC Bank, ICICI Bank raise FCNR (B) interest rates: Depositors to get up to 6.25% rates on select tenures; check detailsHDFC Bank and ICICI Bank have raised FCNR(B) deposit rates by twenty-five basis points. This increase applies to select US dollar FCNR(B) d...
Global Market: Hong Kong launches offshore Chinese government bond futures to boost Yuan internationalisationHong Kong has launched the world's first offshore Chinese government bond futures, providing global investors with a new tool to hedge inte...
Specialised Investment Funds: How to evaluate strategy, risk, derivatives and red flags before investing in SIFsThey were created for investors who have outgrown the standardised constraints of mutual fund categories but do not meet the Rs 50 lakh min...
With Situational Awareness AI deal, Citadel's Griffin rides to the rescue againCitadel's founder this week reprised his role as one of Wall Street's rescue buyers, stepping in to salvage California hedge fund Situation...
AI bubble gone bust? Once a billionaire, how AI investor Leopold Aschenbrenner lost most of his hedge fund’s fortune in daysAschenbrenner's fund, Situational Awareness, massively grew to as big as $45 billion at the beginning of July before big losses took hold, ...
How the quick fall from grace of a fund run by 'Nostradamus of AI' triggered a 24-hour race to salvage itLeopold Aschenbrenner's hedge fund incurred significant losses and a forced sale of investments. Billionaire Ken Griffin's Citadel acquired...
PNB raising $1 billion for FCNR on-lendingPunjab National Bank is set to secure a substantial one billion dollars through a five-year loan arrangement. This initiative is being coor...
Indian Oil raises $500 mn under RBI's concessional forex swap window, eyes moreIndian Oil Corporation secured five hundred million dollars through a special Reserve Bank of India swap facility. This concessional forex ...
Ex-OpenAI employee's hedge fund Situational Awareness hit by AI stock rout; seeks fresh fundingSituational Awareness hedge fund is seeking new capital after significant losses. The fund experienced heavy declines as artificial intelli...
SBI, HDFC Bank seek $1.7 billion overseas to boost dollar resourcesState Bank of India and HDFC Bank are raising significant dollar funds. These large Indian banks are borrowing from foreign institutions to...
Hedge funds on track for another stellar year on AI boomGlobal hedge funds are on track for an exceptional year, surpassing previous performance benchmarks. In the first half of the year, the ave...
Govt companies request RBI to extend concessional forex swap by three monthsPublic sector firms want the RBI's forex swap facility extended by three months. This facility helps government companies hedge dollar cost...
Bond investors, unsure about Fed policy outlook, hedge against US rate shockAs U.S. interest rates continue to rise, bond investors are taking proactive measures to protect their portfolios. The surge in demand for ...
Hedge fund bets on rising US healthcare stocks near 5-year high, Goldman saysHedge funds are actively enhancing their stakes in healthcare stocks, reflecting a significant trend in market behavior. With a notable sur...
Traders are getting a new tool to bet on biggest US stocksCME Group will introduce single-stock futures for over fifty major US companies. These contracts offer leveraged exposure without the compl...
RBI Intervention shields rupee in face of oil, hedging strainOn Friday, the Indian rupee dodged a plunge to record lows thanks to decisive action by the Reserve Bank of India. State-run banks stepped ...
Global Market: GIC to invest $30 billion more in hedge funds, doubles down on AISingapore's sovereign wealth fund GIC plans significant new investments. The fund will allocate an additional thirty billion dollars to hed...