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Sam Bankman-Fried’s (SBF) two multi-million dollar luxury jets are now subject to forfeiture, according to a filing from the United States Department of Justice (DOJ) on Oct. 4. 

The dollar fell against all of its major peers before pivotal US payroll data due Friday, but strategists say the pullback may just be temporary. 

Global headwinds and expensive stock valuations necessitate a cautious approach toward Indian equities in the short term as the country prepares for next year’s national elections, according to Goldman Sachs Group Inc.

Norway’s oil and gas is helping to fuel the nascent recovery in US initial public offerings.

Exciting news! Mint is now on WhatsApp Channels. Subscribe today by clicking the link and stay updated with the latest financial insights! Click here! RBI MPC Meeting Date: The three-day meeting of the RBI's rate-setting panel started on Wednesday, October 4 and the outcome is due on Friday, October 6.

Ottawa on India-US relations. American media outlet The Politico reported that Garcetti also has said the US may need to reduce its contacts with Indian officials for an undefined period of time.

By Tom Polansek

VinFast on Thursday reported a 159% rise in third-quarter revenue as it ramped up car deliveries and sought to boost sales by partnering with dealers in the United States. In the filing, VinFast also said it would launch an assembly facility in India, the world's third biggest car producing nation, to take advantage of the South Asian government's incentives for EVs. VinFast, which is backed by Vietnam's largest conglomerate Vingroup, is gearing up to strengthen its foothold overseas.

The 30-share BSE benchmark Sensex advanced 405 points or 0.62% to settle at 65,631. The broader NSE Nifty surged 110 points or 0.56% to end at 19,546. The market capitalisation of all listed companies on BSE increased by Rs 1.21 lakh crore to Rs 317.87 lakh crore.

Myntra on Thursday announced a collaboration with the Apparel Group to introduce Anne Klein's high-end handbag collection to India's expanding luxury market. The launch coincides with the retailer's upcoming sale, “Big Fashion Festival” starting on October 7. “Anne Klein’s classic handbag range will mark its foray into the Indian market with Myntra, one of India’s most popular destinations for international brands,” said Myntra in a press release. As part of the upcoming sales, Anne Klein will offer 100+ options to choose from, ranging across products such as totes, slings, and other popular types of handbags, to begin with.

KT Rama Rao on Thursday opened a new state-of-the-art office of the US-based financial services giant Goldman Sachs in Hyderabad. The office will be a centre of excellence for the firm's client onboarding efforts and will house platform engineering and global Enterprise Partnerships, the minister said in a post on social media site X. «I'm pleased to inaugurate Goldman Sachs' new long-term office in Hyderabad following their initial establishment here in 2021.

(Exciting news! Mint is now on WhatsApp Channels Subscribe today by clicking the link and stay updated with the latest financial insights! Click here!) Falling crude oil prices and gains in domestic equity markets also supported the rupee. Brent futures fell 0.97% to $84.98 a barrel, while US West Texas Intermediate crude (WTI) declined 1.12% to $83.28.

₹1,000 with a 10 per cent coupon rate, you receive ₹100 in annual interest. However, if the bond's price declines to ₹800, the effective yield on the bond increases to 12.5 per cent. Conversely, if the bond price rises to ₹1,200, the bond yield decreases to 8.33 per cent.

ejected Kevin McCarthy. Mr McCarthy had only had the gig since January. But the House Republican Party exists in a state of permanent revolution.

Autumn is on its way, and for many coffee drinkers, 'tis the Pumpkin Spice Latte season. Starbucks' popular beverage is turning 20, and to celebrate the occasion, the American coffee shop chain announced special non-fungible token (NFT) collectibles. 

Bitcoin miner, Marathon Digital (MARA) increased its monthly production hash rate by 20%, recording an uptick in share prices amid an uncertain crypto market.

Juan Agustín D’Attellis Noguera, a director of Banco Central de la República Argentina, the country’s central bank, publicly supported the Minister of Economy Sergio Massa in his promotion of central bank digital currency (CBDC) as a remedy for the national economy. 

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© 2023, The Economist Newspaper Limited. All rights reserved. From The Economist, published under licence. The original content can be found on www.economist.com

Chinese tech giant. Huawei, a leader in 5G telecom equipment, has been at the centre of the intensifying US-China rivalry over advanced tech in recent years. The United States and its allies have curtailed its access to major markets and advanced tech — including chip making — over fears its products could allow China to spy on their networks. Taiwan's Minister of Economic Affairs Wang Mei-hua agreed on Wednesday — during questioning by lawmakers — to launch a probe into four tech firms that collaborated with Huawei on chip plants. The four Taiwanese companies are helping Huawei develop an «under-the-radar network of chip plants» in China, Bloomberg reported this week. The companies were identified by Bloomberg as Topco Scientific Co., L&K Engineering Co., United Integrated Services Co.

Bitcoin continues to trade at $27,698 with a nearly 1% increase. Marathon Digital Holdings boosted its Bitcoin production by 16% monthly and Kraken experienced its highest Bitcoin deposit activity in half a decade due to surging prices and growing ETF confidence.