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Starbucks India-origin CEO Laxman Narasimhan shared a heartwarming post on LinkedIn about his mother’s influence on his life. She was a lighthouse for me despite the many rocks that life doles out. «I am who I am and where I am because of her and because of my family. It’s a big void. She lives on inside me. God bless her, and God bless us all. Mothers do incredible things. It’s my first Mother’s Day without her. Celebrate all Mom’s on this Mother’s Day in the United States. They make us special,» he said in the post. «She was the backbone of our family despite having lost 2 kids and a husband by the age of 48. She instead devoted her life to children- as a kindergarten teacher of many,» he said. «She loved America- and wish she had come here when she was younger. Never once did she complain about all of this- all may be once, when I was upset with her that she had not posted my Harvard application. She read in a book that the college was too competitive and she did not want me there. She was relieved when Harvard called me to speak there once. She celebrated like I had been admitted there and felt less guilt then,» he said.

US tech stocks are not only a bet on innovation but also a possible hedge against inflation, according to some respondents in the latest Bloomberg Markets Live Pulse survey. Gold, the haven of choice for decades, is still seen as the best safeguard against the risk of rising prices, according to 46% of survey participants. But nearly a third said the tech behemoths are their first pick for the role.

President Joe Biden has issued an order blocking MineOne, a majority Chinese-backed crypto mining firm from owning land near a strategic nuclear missile base in Wyoming due to security concerns.

Dallas, Atlanta and Toronto are being asked to move to other central hubs such as Walmart's corporate headquarters in Bentonville as well as Hoboken or Southern c, the report added. Walmart will still let staff work remotely part-time, as long as they are in offices a majority of the time, the report said.

ANI reported. In response to a question over India’s deal with Iran on the strategic Chabahar port, Vedant Patel said that US sanctions on Iran remain in place and the US will continue to enforce them.

inflation report this week that will likely shape the U.S. rates outlook, while the yen was hovering near a two-week low, stoking intervention worries. The currency market has been sedate this week, with investors seeking to gauge what the path the Federal Reserve will take this year in the wake of recent softer-than-expected U.S. labour market data and comments from central bankers.

Gold prices were flat on Tuesday, as investors awaited key U.S. inflation data that could provide more clues on the Federal Reserve's policy path.

Aluminum products maker Novelis, owned by Indian conglomerate Aditya Birla Group's Hindalco Industries, made public its filing for an initial public offering in the United States on Monday. The company is moving ahead with a listing at a time when the U.S. IPO market is on a rebound this year, after a two-year lull, on hopes of a «soft landing» for the economy, where inflation falls without a recession or big job losses.

Asian shares hovered around 15-month highs on Tuesday and the dollar was firm ahead of highly anticipated U.S. inflation data, while Japanese bonds were squeezed as the central bank pulled back a little on its bond buying programme. MSCI's broadest index of Asia-Pacific shares outside Japan climbed slightly and hit its highest since early 2023 in morning trade, as a strong rally in Hong Kong shares extended into a fourth consecutive week.

Having displaced the US, China is back in the top spot as India’s biggest trade partner, with bilateral trade hitting $118.4 billion in fiscal 2023-24, according to Global Trade Research Initiative data. This was made up of $101.7 billion in imports by India, up 3.2%, and $16.7 billion in Indian exports, up 8.7%.

LTTE, a Sri Lankan rebel group commonly known as the Tamil Tigers. This decision was prompted by the group's involvement in violent activities and its aim for an independent Tamil state in Sri Lanka, which posed a threat to India's national security. The ban was part of a broader international effort, as many other countries also proscribed the Tamil Tigers due to their use of terrorism tactics.

Shriram Finance: US-based Warburg Pincus has acquired a majority stake in Shriram Housing Finance Ltd (SHFL) for ₹4,630 crore, marking its largest deal in India. The acquisition was made through its affiliate Mango Crest Investment Ltd from Shriram Finance Ltd (SFL) and other sellers. The deal is expected to be completed by February 7, 2025.

Kumar Mangalam Birla’s Hindalco Industries Ltd., is seeking to complete a planned US initial public offering as soon as early June, according to people familiar with the matter. The company, owned by a unit of India’s Hindalco, could begin formally marketing the deal in about two weeks, they said, asking not to be identified as the information isn’t public. Novelis on Monday filed publicly with the US Securities and Exchange Commission for the listing.

Tesla lays off over 16,000 employees; many face H-1B visa deadline Last month, Musk had planned his visit to India but he later postponed it. However, just days later, the billionaire visited China and won concessions for Tesla. Musk was due to meet PM Modi around April 22 and announce an investment of up to $3 billion in a car plant but cancelled saying there were "very heavy Tesla obligations".

With major cryptocurrencies seeing tentative gains at the start of the week, with Bitcoin (BTC) rising 2.5% to $63,000 as Ether (ETH) struggled but failed to rise above $3,000, the top crypto gainers today were all to be found in the on-chain token markets.

India signed an agreement to operate the Chabahar Port in Iran for 10 years, the United States has warned that «anyone» considering business deals with Tehran needs to be aware of the «potential risk of sanctions.» The US State Department Principal Deputy Spokesperson, Vedant Patel, however, also said that it will let the Indian government speak on its foreign policy goals. «We are aware of these reports that Iran and India have signed a deal concerning the Chabahar Port, I would let the government of India speak to its own foreign policy goals, vis-a-vis the Chabahar Port as well as its own bilateral relationship with Iran,» Vedant Patel said in the press briefing on Monday (local time).

investors took a breather after three weekly gains while they awaited key inflation readings and earnings reports due this week while a survey showed consumers concerned about inflation. A Federal Reserve Bank of New York survey, released on Monday, found that Americans see inflation at 3.3% a year from now from March's 3% while they expect inflation three years from now at 2.8%. This followed a University of Michigan report on Friday that showed U.S. consumer sentiment sagged to a six-month low in May as households worried about the cost of living.

United States doesn't believe that Israeli actions in Gaza amount to "genocide" but wants Tel Aviv to do more to ensure the protection of innocent civilians, US National Security Advisor Jake Sullivan said on Monday (local time), as reported by CNN. «We believe Israel can and must do more to ensure the protection and well-being of innocent civilians. We do not believe what is happening in Gaza is a genocide. We have been firmly on record rejecting that proposition,» Sullivan told reporters at the White House.

U.S. stocks drifted to a mixed close near their record heights

Booking Holdings, the U.S. company that owns Booking

One of California's most influential agricultural companies has filed a lawsuit against the state to stop a contentious law that was meant to make it easier for farmworkers to unionize