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UPS Provident Digital Crypto Die-Hards Think They’ve Found the Next Bitcoin

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markets UPS Digital Crypto is now mainstream. Investors of all ages are diving in.

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markets UPS Booking Manu Joseph: Why we cannot be sure Bitcoin’s secret creator is actually Adam Back

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markets Blockchain MET Let the Bitcoin bubble deflate: It’s time to tokenize assets that hold intrinsic value

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markets Digital ETF Why this is the coldest crypto winter yet

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markets Cooper Trade A Bitcoin blunder for the ages: $40 billion accidentally given away

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markets UPS Binance One generation runs the country. The next cashed in on crypto

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markets FIVE Digital A new crypto winter is here and even the biggest bulls are worried

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markets Blockchain UPS Event prediction markets like Kalshi and Polymarket are buzzing in America: Should India allow them too?

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markets Blockchain MET Let the Bitcoin bubble deflate: It’s time to tokenize assets that hold intrinsic value

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Blockchain UPS Provident The great crypto reckoning: Wake up and get real about this class of pseudo assets

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Blockchain Ethereum Digital JPMorgan steps further into crypto with tokenized money fund

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markets Blockchain UPS Mint Explainer: Why the RBI is wary of stablecoins—Crypto’s measured wing

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markets Blockchain Ethereum What lies ahead for Altcoins: Looking at the future of diversified portfolios

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Blockchain security economy Zoho's Sridhar Vembu explains why Infosys co-founder Nandan Nilekani's plan to tokenise land is 'seductive, but...'

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markets Blockchain Ethereum Top low-cap altcoins with massive upside

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FDIC chair to quit after scathing report on toxic culture

The White House says FDIC chairman to step down following report on agency's toxic workplace culture

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Centre set to expand electrification drive to PSUs, state govts in boost for electric carmakers

Marriott bets on outbound Indian travel surge, rewires loyalty into experiences

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Now it’s Vladimir Putin’s turn to visit Beijing

Russia’s war is going badly—on the ground and in the air

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04.05 / 10:19

markets UPS Provident Google Research shock Updates American labs say China’s AI tigers are copycats

Subscribe to enjoy similar stories.AMERICA’S TOP artificial-intelligence labs have accused their Chinese rivals of being ruthless copycats. This month Anthropic and OpenAI each disclosed evidence that leading Chinese AI labs have illicitly used American models to train their own. The firms accuse Chinese researchers of aggressively “distilling” American chatbots—feeding them prompts in order to learn from and mimic their responses.

04.05 / 09:39

markets COST Target Enterprise reports Updates Anthropic Nears $1.5 Billion Joint Venture With Wall Street Firms

Subscribe to enjoy similar stories.Anthropic is finalizing a deal to create a new joint venture with Blackstone, Goldman Sachs and a handful of other Wall Street firms that aims to sell artificial-intelligence tools to private-equity backed companies, according to people familiar with the matter.An announcement is expected as soon as Monday, the people said.Anthropic, Blackstone and Hellman & Friedman are anchoring the deal and are each expected to invest roughly $300 million, the people added.Goldman Sachs is also set to be a founding investor, putting in around $150 million, the people said. General Atlantic and other firms are also involved in the deal.

04.05 / 09:39

markets UPS Entertainment Boxing CAT film International Disney’s ‘The Devil Wears Prada 2’ cat walks to the top of the box office

Subscribe to enjoy similar stories.Moviegoers couldn’t resist the chance to see Meryl Streep and Anne Hathaway reprise their roles as fashion magazine diva Miranda Priestly and her former assistant in Walt Disney’s The Devil Wears Prada 2.The 20th Century Studios’ remake of the 2006 hit film cat walked to the top of the domestic box office with an estimated $77 million take through Sunday, according to Comscore.AMC Entertainment, the nation’s largest movie theater chain, offered luxury-inspired popcorn handbags in select theaters on opening day, perhaps contributing to its $32.5 million in ticket sales on Friday.Comscore’s head of marketplace trends Paul Dergarabedian said The Devil Wears Prada 2 overperformed in international markets, where it raked in $156.6 million—more than twice what it sold in the U.S. and Canada—for an estimated $233.6 million global opening.

04.05 / 09:39

markets Entertainment Boxing film Actor audience Updates Nostalgia powers big debut for ‘The Devil Wears Prada 2’

Subscribe to enjoy similar stories.Nostalgia is paying off for Hollywood.“The Devil Wears Prada 2” opened to an estimated $233.6 million worldwide this weekend, driven largely by women eager to rejoin Meryl Streep and Anne Hathaway in the world of fashion journalism 20 years after the original movie. It grossed $77 million in the U.S.

04.05 / 09:39

markets UPS economy country shock strain Here’s what’s shoring up the global economy during the energy shock

Subscribe to enjoy similar stories.TOKYO—One of the major surprises about the gravest energy shock since the 1970s is how resilient much of the world has been so far.The closure of the Strait of Hormuz has yanked around 13 million barrels of oil a day from global energy supplies. Blackouts have hit Pakistan, the Philippines has imposed a four-day workweek, and countries including Slovenia and Bangladesh have rationed fuel.

04.05 / 09:39

markets UPS War country Traffic Updates Trump says US will ‘guide’ stranded ships through Strait of Hormuz

Subscribe to enjoy similar stories.President Trump said Sunday the U.S. would start guiding commercial ships out of the Strait of Hormuz where they have been trapped by the war between the U.S.

04.05 / 09:39

markets COST Strategy economy War reports Andy Mukherjee: A weakening rupee could end RBI’s efforts to keep credit cheap for borrowers

Subscribe to enjoy similar stories.How soon will the Reserve Bank of India (RBI) raise rates and how high will it take them? Those have become urgent questions for bankers in Mumbai after elevated energy-import costs pushed the rupee to a record low last week. RBI governor Sanjay Malhotra has signalled a preference to stay on pause. The central bank would step in, he said in an 18 April speech at Princeton University, “through its influence on inflation expectations rather than through blunt demand compression,” a euphemism for monetary tightening.Still, Malhotra’s cheap-money era is likely drawing to a close, thanks to the pressure from the foreign-exchange market.

04.05 / 05:35

COST UPS Mobile Experts travelers rights International How the falling rupee still affects households with no direct dollar expenses

Subscribe to enjoy similar stories.For many Indian households, the rupee hitting a record low of 94.85 to a US dollar might feel like a distant headline that has little to do with their finances. Especially when no child studies abroad, no holiday is booked overseas, and no money sits in any international fund.It is easy to assume households are insulated from the volatility of the foreign exchange market.However, the reality of a globalized economy is that the dollar is woven into the daily life of an Indian household, even with no direct spending in dollars.

04.05 / 05:13

markets Manufacturing economy wellness Trade Cycling Rupee puzzle: Why the currency’s exchange rate is not justified by India's economic fundamentals

Subscribe to enjoy similar stories.There is a discomforting paradox at the heart of India’s current macroeconomic situation. By almost every conventional measure of sovereign economic health—growth, inflation, fiscal trajectory, external vulnerability and investor confidence in the real economy—India’s fundamentals are among the strongest of any large emerging market. Yet the rupee has depreciated by over 13% against the dollar in the past two years and by more than 15% since January 2023.

04.05 / 03:11

markets Food wellness Trade country shock Europe must rationalize its gas import policy rightaway if the world is to prevent a food crisis

Subscribe to enjoy similar stories.The blockade of the Strait of Hormuz has disrupted not just oil and gas supplies, but caused a global fertilizer shock as well. Of the world’s traded fertilizers, more than 40% of urea and 20-30% of potassic and phosphatic fertilizers—as well as 45% of the sulphur that goes into fertilizer manufacture—are shipped from Gulf countries via that vital waterway.The blocked region also accounted for a fifth of all traded liquefied natural gas (LNG), some of which was feedstock for urea, before traffic through the strait came to halt. A shortage of all these products threatens food production and signals higher food prices globally, with hunger a distinct likelihood in countries that rely on imports for nutrition.

04.05 / 01:39

markets Platform Analysis Trade show Inside Sporting Why almost everyone loses—except a few sharks—on prediction markets

Subscribe to enjoy similar stories.John Pederson, 33, couldn’t work. The former Outback Steakhouse line cook was recovering from a car crash and running out of money. Kalshi, the prediction market, promised a quick way to fix that.

04.05 / 01:39

UPS BLOCK Food President Justice Courts rights The antiabortion movement is turning on Trump

Subscribe to enjoy similar stories.WASHINGTON—The antiabortion lobby expected to be more triumphant by now: A conservative Supreme Court overturned Roe v. Wade, Republicans control both chambers of Congress, and the self-styled “most pro-life president in history” again occupies the Oval Office.But abortions are up in the years after the overturning of Roe, and the antiabortion lobby has a new locus for blame.

04.05 / 01:39

FIVE economy love social travelers Updates Tamil Nadu election results: will freebies derail the state's dream run?

Subscribe to enjoy similar stories.Chennai: For years, Tamil Nadu has punched beyond its weight. With just 4% of India’s land area and 6% of its population, the state’s contribution to the country’s gross domestic product (GDP) in 2024-25 was 9.4%.The state’s economy is growing much faster than India’s 6.5%. Even as foreign direct investment (FDI) into India has slowed, foreign investors continue to bet big on Tamil Nadu.

04.05 / 01:39

markets UPS economy Election show Updates Assam election results: what the new govt will face as it tries to bootstrap its economy

Subscribe to enjoy similar stories.Whether the majority of the exit poll predictions regarding the landslide victory of the incumbent National Democratic Alliance (NDA) government come true or not will be known later on Monday. However, the newly-formed government, irrespective of the party, will be inheriting an economy full of contradictions—of high economic growth and low income.

04.05 / 01:39

economy Election Bill love country reports Updates Kerala election results: fiscal mess may get worse regardless of which party forms govt

Subscribe to enjoy similar stories.Chennai: To say the Kerala government’s finances are in a mess is an understatement. The state has a litany of woes which successive governments have failed to take head on. Its ability to raise revenue is impaired.

04.05 / 01:39

markets UPS Maxim Aviat rights Updates Mint Quick Edit | Differential LPG pricing has a sound basis in theory but that doesn’t make it fair

Subscribe to enjoy similar stories.Split pricing has its benefits. If something is sold to price-insensitive customers at a steep mark-up, then overall utility can be maximized if the extra charge allows price reduction for others. This idea works best when consumption is easily divided.

04.05 / 00:21

markets COST UPS Citi Provident Research trends How Infosys is adapting as GCCs move outsourcing work in-house

Subscribe to enjoy similar stories.Infosys Ltd is accelerating its push into global capability centres (GCCs), leaning into a structural shift that otherwise threatens its core outsourcing business and that of the broader IT industry.The Bengaluru-based IT major has mandated dedicated GCC offerings with embedded AI capabilities across its delivery centres, while also setting aside capacity within its campuses to incubate client-owned tech hubs.The push comes as multinational companies increasingly set up their own capability centres to directly leverage India’s skilled talent and low costs, insourcing work that would have otherwise gone to IT services firms like Infosys, and potentially crimping their revenues.India currently has about 1,760 GCCs. Nasscom estimates India to have 2,200 GCCs by March 2030, with the sector reaching $105 billion by March 2030.To be sure, Infosys is not alone in trying to build a business from a trend that also poses a threat.

03.05 / 15:11

markets UPS Trade country cover reports Power prices hit zero for first time on 1 May as demand dips but supply climbs

Subscribe to enjoy similar stories.India’s power prices on electricity exchange hit zero for the first time on Friday, 1 May, raising concerns for investors and developers as the country moves towards its target 500 giga watt (GW) non-fossil capacity by 2030.Data from the Indian Energy Exchange (IEX) showed power prices were at zero in two blocks of 15 minutes each on Friday, as demand dipped due to easing temperatures and low industrial demand but power supply — especially solar power — climbed, bringing prices down.The dip in demand came from partly cloudy skies, light rains, and gusty winds in northern India and Delhi-NCR, and heavy rainfall in parts of eastern India. Similar weather was witnessed on Saturday, 2 May.To be sure, power prices on the real time market (RTM) platform of the IEX had dropped to near-zero twice earlier—on the afternoon of 5 April, and on 25 May last year, under similar circumstances.In a LinkedIn post on on Friday, IEX said: “Cooler weather, record solar generation (~57.5 GW), and inflexible thermal supply are leading to ample sell-side availability on the Exchange.

03.05 / 12:53

markets COST UPS Manufacturing Software ICE electronic From grease to gigabytes: Why EV makers are racing to rewrite the service playbook

Subscribe to enjoy similar stories.New Delhi: Situated 33 kilometers from the busy streets of Pune is Chakan, home to automobile manufacturers and their suppliers. One company in this area is electric bus maker Eka Mobility.

03.05 / 12:53

markets UPS love Diversity Interviews “I used to cry over copycats of my designs”: jewellery designer Bhavya Ramesh

Subscribe to enjoy similar stories.Looking at her bold, singular designs, it is hard to believe that jewellery designer Bhavya Ramesh never formally studied the craft. The engineering graduate, who describes herself as “completely self-taught”, started her eponymous label in 2018 with a small investment from her father, and one clear goal: “I wanted people to look at my work and say, ‘I’ve never seen anything like this before.’ That’s still my only aim,” she tells Lounge over a video call from Mumbai.A D2C brand that began online, the label has, in recent years, made a confident leap into offline retail, with two stores in Mumbai and a newly launched outpost in Khan Market, Delhi. While the move signals the brand’s growth, Ramesh says the real push came from customers.

03.05 / 10:45

markets Provident security Strategy Trade performer Profiles How mutual fund-based portfolio management services work

Subscribe to enjoy similar stories.Once seen as competition to mutual funds, portfolio management services (PMS) providers are increasingly using them as building blocks. They are offering curated mutual fund (MF) portfolios to high-net-worth individuals (HNIs) who want the simplicity of MFs combined with professional, end-to-end portfolio management and execution.