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About the author: Robert Hormats is a visiting lecturer at Yale University. He is the former Undersecretary of State for Economic Growth, Energy, and the Environment and former Vice Chairman, Goldman Sachs International.Catch all the Business News, Market News, Breaking News Events and Latest News Updates on Live Mint.

About the author: Robert Hormats is a visiting lecturer at Yale University. He is the former Undersecretary of State for Economic Growth, Energy, and the Environment and former Vice Chairman, Goldman Sachs International.Guest commentaries like this one are written by authors outside the Barron’s newsroom. They reflect the perspective and opinions of the authors. Submit feedback and commentary pitches to [email protected] all the Business News, Market News, Breaking News Events and Latest News Updates on Live Mint.

investment funds that invest in alternative assets such as private equity, hedge funds and other non-traditional investments beyond traditional stocks and bonds, with wealthy individuals and institutions as their main investors. Regulated by the Securities and Exchange Board of India (Sebi), there are three categories of AIFs in the country, with Category III AIFs focusing on high-risk, high-return trading strategies using leverage.Tata AMC entered the Category III AIF space in 2019 with its Absolute Return Fund, a conservative long-short strategy.

Kevin Warsh’s nomination to succeed Jerome Powell as US Federal Reserve chair has triggered a predictable frenzy of speculation centred on a single, narrow question: How hard will he push for interest-rate cuts? While such conjecture may be entertaining, it misses the forest for the trees. To focus solely on rate cuts is to misunderstand the Fed’s situation and the scale of the challenge awaiting its next leader.Warsh inherits an institution that, by any historical measure, is deeply fractured internally and lacks credibility externally.

Subscribe to enjoy similar stories. Artificial intelligence is advancing at startling speed. The latest models can now complete complex, hours-long tasks with little human supervision.

Subscribe to enjoy similar stories. JACOB PALMER knew little about skilled manual jobs growing up, save that they were “dirty, sweaty" and “definitely seemed like lowbrow". But it took only a year of remote learning during the covid pandemic for Mr Palmer, who grew up in North Carolina, to realise that university wasn’t for him.

Subscribe to enjoy similar stories. India Inc.’s December quarter (Q3FY26) earnings surprised positively on some counts. For instance, on an aggregate basis, the Nifty 500 index companies delivered strong double-digit profit-after-tax growth of 19% in Q3 (adjusted for extraordinary items), the highest in eight quarters, showed an analysis by Motilal Oswal Financial Services.

Subscribe to enjoy similar stories. New Delhi: India and the US have postponed talks on the proposed interim bilateral trade agreement following recent developments in Washington, including the US Supreme Court striking down the reciprocal tariffs imposed by President Donald Trump and the subsequent imposition of a new 15% universal tariff under Section 122 of the Trade Act of 1974.

Subscribe to enjoy similar stories. HONG KONG—In his two decades at Silicon Valley venture-capital titan Sequoia, Neil Shen made billions by identifying and investing in every major tech company to emerge in China. Now, the Chinese billionaire is betting big on artificial intelligence, using American capital to fund Chinese firms competing in the global AI race.

Subscribe to enjoy similar stories. The US Supreme Court’s ruling blocking the use of emergency powers under the International Emergency Economic Powers Act (IEEPA) to impose sweeping tariffs has significantly narrowed the executive branch’s trade toolkit. While the administration can still pursue tariffs under other statutes, those routes are more constrained, procedurally demanding and legally vulnerable.

XED Executive Development, set to be the first company to list on the GIFT City exchanges after its upcoming IPO, has appointed a market maker for one year to address low liquidity on the exchanges.“We have appointed Evermore as our market maker and 5% of the issue has been set aside for market-making purposes,” Piyush Agarwal, chief executive officer of XED Executive Development, toldMint.XED, which provides leadership and management development programmes to senior professionals in over 25 countries, plans to raise $12 million through a dollar-based offering. It will be listed on the NSE International Exchange and the India International Exchange – in GIFT City – in the first week of March.As the first company to list on these exchanges, XED may initially face liquidity challenges.

Subscribe to enjoy similar stories. DBS Bank India is looking to target India's rising ‘mass affluent’ base to become a true universal bank and stand out among its peers, who largely cater to companies and the super-rich, CEO Rajat Verma told Mint in an interview. Mass affluent refers to individuals who earn significantly more than the average consumer at around ₹30 lakh a year, but haven't yet reached ‘high-net-worth’ status.

Last month, I travelled across India— listening, observing and taking stock. While the journey was energizing and often inspiring, it left me with an open question: Where is the world’s most populous country headed? My trip began in West Bengal’s Purulia district, a relatively poor region marked by beautiful landscapes of lakes and rolling hills, some crowned with small ancient temples. Purulia’s population is a mosaic of cultures and tribal communities.

Subscribe to enjoy similar stories. Anand/Nashik/Ahilyanagar: Vitthaldas Balkisan Asawa, 57, grows sugarcane in Chanegaon village, in Sangamner subdivision of Maharashtra’s Ahilyanagar district. When I ask what has changed in farming, he doesn’t start with the weather or the price of cane.

Subscribe to enjoy similar stories. Even as US President Donald Trump imposes his will at home and abroad, there is talk about various stages of imperial decline and how the American Empire is now at one of its last few—fifth out of seven by one estimate. Empires as commonly understood were based on force and political control.

Subscribe to enjoy similar stories. American students are increasingly looking to Europe to go to college. Attending university in the U.S.

Subscribe to enjoy similar stories. Swiping through Tinder in Saudi Arabia, a profile of a woman in her mid-20s includes photos of her manicured hands holding flowers, a matcha latte, a tennis court and some art. She reveals no photos of herself.

Subscribe to enjoy similar stories. “The Left Hand of Darkness", a classic science-fiction novel by Ursula K. Le Guin, imagines a faraway planet called Winter on which all people are “ambisexual".

Subscribe to enjoy similar stories. About the author: Mike Harris is the founder of Cribstone Strategic Macro and director of the Syracuse University Whitman School of Management London Program. Markets are hugely enthusiastic about what coming AI-driven growth and President Donald Trump’s pick for the next Federal Reserve chair, Kevin Warsh, might mean for the economy. But their read on the situation is too simplistic.

Subscribe to enjoy similar stories. RANGPUR, Bangladesh—In July 2024, when young Bangladeshis frustrated with their job prospects were taking to the streets, Faruk Ahmed Shipon joined them each day. To the amazement of the 25-year-old, the demonstrations grew into a revolution that toppled Bangladesh’s authoritarian leader, Sheikh Hasina, who had ruled the country for most of Shipon life.

Subscribe to enjoy similar stories. Which is the land that exemplifies ‘rags to riches,’ where you can be anything in the world? I am sure the US will come to mind. You know all those glamorous stories of college drop-outs, guys who started out in garages and made it big.