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Indian rupee inched up to its highest level in nearly a month in early trading on Tuesday but traders expect equity-related outflows and importer dollar demand to hurdle further gains in the local unit. The rupee was at 83.3250 against the U.S. dollar as of 10:00 a.m. IST, compared with its close at 83.3350 on Friday. Indian financial markets were shut on Monday.

Special Opportunities Fund (SOF) is a type of investment fund that seeks to capitalize on unique, often short-term opportunities wherein the stock of the company starts trading below its intrinsic value (fair value) thus creating a buying opportunity. Warren Buffett's approach also focuses on intrinsic value, margin of safety, and a long-term perspective. Special Opportunities Funds often target distressed assets or special situations where the intrinsic value is not reflected in the current market price. By understanding the true value of these investments, fund managers can capitalize on significant price discrepancies.

Space.com report, PREFIRE consists of two cubesats that will be launched individually into near-polar orbits. The first named "Ready, Aim, PREFIRE," is scheduled to launch no earlier than May 22 while the second cubesat, "PREFIRE and ICE," is set to launch few days after the first, the report added. 1.

support for Nifty is around 22,300, followed by 22,100-22,000; and any dips should be seen as a buying opportunity as the index could attempt to rally towards new record highs soon, according to technical analysts. Stocks such as M&M, TVS Motors, Coal India, Grasim, ACC, Gail, Concor, National Aluminium, MTAR Tech, APL Apollo, Exide, Aurobindo Pharma and HEG could witness strong buying interest, analysts said. SUDEEP SHAH HEAD — TECHNICAL & DERIVATIVE RESEARCH, SBI SECURITIES

South Korean

To foster a healthier and more sustainable crypto ecosystem, Binance, the world’s largest cryptocurrency exchange, urged small and medium-sized crypto projects to address the prevalent trend of low float and high fully diluted valuations (FDV) on Monday. 

Last September, as Oregon faced an ever-increasing rate of fatal drug overdoses, a new study concluded the state’s first-in-the-U.S. decriminalization policy was not to blame.

TROY, N.Y.—The co-founder of the AI chipmaker Nvidia said he chose to study at Rensselaer Polytechnic Institute in the late 1970s because it had a state-of-the-art mainframe computer. Now, he is betting that a quantum computer at his alma mater could reinvigorate the region. Curtis Priem, 64 years old, is donating more than $75 million so RPI can have a quantum-computing system made by International Business Machines—making it the first such device on a university campus anywhere in the world.

One day, you might avoid a missed flight connection because of the weird ability of very small particles to act as though they are in two places at once. This bizarre behavior of the subatomic world is what allows so-called quantum computers to perform some calculations far, far faster than their conventional counterparts. It also could soon be helping smooth some problems in our daily lives.

Bitcoin’s price is poised to surge to new ATHs if it can successfully surpass the critical $67,500 level, which is currently acting as a significant resistance point.

MUMBAI : PE firm TA Associates lines up a unicorn housing finance bet Private equity firm TA Associates is set to pick up a significant stake in Multiples PE-backed Vastu Housing Finance Corp. Ltd, in another sign of increasing investor interest in the housing finance sector. The deal size will likely be about $400 million, with Vastu Housing Finance valued upwards of $1.4 billion, said one of three people with knowledge of the deal.

mutual funds showcase vital track records. They may be worth considering for investors seeking exposure to small-cap stocks' potential growth opportunities.

Also Read: Silver prices up 18% YTD; should you prefer silver to gold for investments? Furthermore, strong domestic buying, improved voter turnout in the fourth phase, and stability in crude oil prices also played significant roles in driving the market higher. Also, markets received a boost after US benchmark indices reached record highs. Metal stocks, on the other hand, surged significantly following China's announcement of a comprehensive stimulus package aimed at bolstering its distressed property market.

Mint looked at seven companies that proxy advisory firms estimate to pay the most through royalty payments. In addition to the five mentioned above, Mint included two more companies, Procter and Gamble Health Ltd and Colgate-Palmolive Health Ltd, both of which pay more than ₹200 crore in royalty. All Indian companies pay royalties as a percentage of revenue.

A former OpenAI leader who resigned from the company earlier this week says that product safety has “taken a backseat to shiny products” at the influential artificial intelligence company

Russian President Vladimir Putin is concluding a two-day visit to China by emphasizing the countries' strategic ties as well as his own personal relationship with Chinese leader Xi Jinping as they seek to present an alternative to U.S. global influence

South Korea is set to host a mini-summit this week on risks and regulation of artificial intelligence

₹86,000 a kg mark. On the other hand, spot gold prices have risen about 16 per cent this year so far, trading near ₹73,000 per 10 gram mark. Indian stock market benchmark Nifty 50 is just 3.5 per cent up for the year.

Big US bond investors have been aggressively shifting money into long-dated notes, betting that the unloved asset class will be one of the winners from eventual interest rate cuts. The largest 20 mutual fund managers in the US have increased duration over the past two months as yields climbed, according to research by JPMorgan Chase. Investors have been building positions by «piling into» high-grade corporate bonds to avoid the negative carry of government debt, said Nikolaos Panigirtzoglou, a global market strategist at the lender. Long-dated corporate bonds are winning back investors who fled as the market dialed back bets on imminent easing by the Federal Reserve. Now, the allure is returning as markets price in two rate cuts this year after data showed US inflation ebbing for the first time in six months.

ELSS) serve a dual purpose, offering potential for wealth growth, while providing tax-saving benefit under Section 80C. These also have a short lock-in period of three years, compared to other schemes like the PPF, Sukanya Samriddhi Yojana and NSC. Here’s how to invest in these schemes. ELSS mutual funds ELSS funds are equity-oriented mutual funds that primarily invest in equities and equity-related instruments. These have a lock-in period of three years, making them suitable for long-term wealth accumulation. ELSS funds are best suited to investors with high risk appetite and long-term investment horizon of at least 3-5 years.

Daniel Kahneman and Jim Simon. The past few months have seen the passing away of these three people whose lives and work have been of great interest to investors. Of the three, Munger and Kahneman have often been the subjects of my writings over the years. However, I have hardly ever mentioned Jim Simon, even though his life has been the most interesting in some ways. By all accounts, Simon, who passed away last week at 86, was an extraordinary genius. During the first half of his life, he was an academic mathematician or, to be precise, a geometer. Around the time he was 40, he decided that the equity markets could be understood and predicted using purely statistical techniques. He set up an investment firm and hired people from maths and maths-adjacent fields. They struggled for about a decade, but around 1987, their techniques had been developed to a point where they started succeeding. From 1988 to 2018, the Medallion Fund, which was run by his investment firm, delivered annual gross returns of 66%. After considering the enormous fees, the average annual returns came to 39%. During this period, the only negative year was 1989, when the fund lost just 3%. These numbers seem completely incredible, and they are. Most readers must be thinking that these returns should have compounded to trillions of dollars over the years. They would have, but here’s the most interesting fact about this fund: it was not allowed to accumulate assets.