The primary market will stay active next week, with five IPOs opening for subscription and four IPOs set to list on the exchanges. The focus will be on Xtranet Technologies and Cube Highways Trust InvIT, which are the mainboard offerings scheduled to open next week. Alongside them, a few SME issues will also hit the […]
Workers may believe that they need the right connections or flashy credentials to launch their careers. But sometimes, simply saying yes—and leveraging a stroke of luck—can be the most effective way to get a foot in the door. Raj Subramaniam, the CEO of FedEx, for example, got his first job by taking his roommate’s abandoned […]
When our first daughter was born last April, we spotted a rare window in our lives where we could travel extensively and get our baby a few passport stamps before she turned 1. My wife had a year of maternity leave, and I was about to leave my full-time job to start a company that […]
With just days until Europe’s Markets in Crypto-Assets (MiCA) regulations take full effect on July 1, Binance finds itself without the license needed to continue operating across the EU. The setback has triggered a scramble among licensed exchanges to win over its customers with bonuses, promotions, and cash incentives. Binance founder Changpeng Zhao criticized the […]
The Bermuda bank agrees to buy a 91.7% stake in CIBC Caribbean Bank for $1.8 billion, creating a regional giant. This article appears in the July/August issue of Global Finance Magazine. Butterfield Group has agreed to acquire a 91.7% stake in CIBC Caribbean Bank Limited for $1.8 billion — $1.09 billion in cash and the […]
Roblox wants you to make your next video game from your phone. On Thursday, the gaming platform company introduced Build, its AI-powered tool that can turn a written prompt into a basic playable game. The tool is housed inside the Roblox mobile app. The update pushes vibe coding — the practice of describing software in […]
On Thursday, Moonshot AI, a Beijing-based AI startup, unveiled the latest version of its Kimi large language model, which promises performance close to Anthropic’s Fable 5—perhaps the most powerful publicly available model today—at a fraction of the cost. Kimi K3, the largest open-weight model ever released, performed “competitively” with Fable 5, and “substantially outperformed” Anthropic’s […]
AI has become a focal point within the Trump administration, often framed as a two-player race between the U.S. and China. And while U.S. companies like OpenAI, Google, and Anthropic may have developed some of the world’s most advanced AI models, they are among the priciest. As costs associated with token and AI usage rise, now […]
The Central Board of Direct Taxes (CBDT) has notified the Cost Inflation Index (CII) at 384 for FY2026-27, a key number used to calculate indexed cost for eligible long-term capital gains. While Budget 2024 largely did away with indexation for long-term capital assets, the benefit has not disappeared entirely. A limited category of taxpayers selling […]
Bank holiday today: Most public and private banks across India will remain open today, on Saturday, 18 July. According to the Reserve Bank of India (RBI)’s holiday calendar, bank operations will continue as normal since it is the third Saturday of the month. Hence, SBI, HDFC, ICICI, PNB, and other banks will remain open today. […]