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BusinessPhoto: Mint Markets

Carlyle, KKR Target Discounted US Leveraged Loans for CLOs

Carlyle Group, KKR, and Oaktree Capital Management are preparing to buy US leveraged loans currently trading at discounts. They plan to package these loans into collateralized loan obligations (CLOs). Many fund managers have set up nearly record short-term credit lines to acquire loans for CLOs, with about 286 open. Over 90% of loans traded below face value recently, marking the highest discount in 18 months, with debt spreads near a one-year high.

Mint Markets·

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HealthPhoto: NDTV World

Hyderabad Biotech PopVax Launches Personalised Cancer Vaccine Facility

Hyderabad-based biotech startup PopVax, founded in 2021, has launched RNA Foundry, a specialised facility to develop personalised cancer vaccines using mRNA technology. Founder Soham Sankaran highlighted the challenge of producing high-quality RNA medicines tailored to individual genetic profiles, unlike standardised vaccines by big pharma. The facility uses PopVax's proprietary mRNA platform and fridge-stable lipid nanoparticles, aiming to transform cancer care in India.

NDTV World··Hyderabad

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PoliticsPhoto: NDTV World

Kiren Rijiju and Bhutan PM Attend 108 Stupas Construction Ceremony

Union Minister Kiren Rijiju represented India at the commencement ceremony for the construction of 108 Jangchub Chortens (Stupas) in Gelephu Mindfulness City, Bhutan. The event began at 2:00 AM with 58 ritual trumpets and mass chanting of the compassion mantra 'Om Mani Padme Hum'. Rijiju was warmly received by Bhutan's Prime Minister Dasho Tshering Tobgay and other dignitaries.

NDTV World··Gelephu

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WorldPhoto: News18 Hindi

Woman Traveling Across India on ₹10,000 Budget, Spent ₹2,000 So Far

A young woman has taken on a unique challenge to travel across India with just ₹10,000. She has already visited six states, spending only ₹2,000 so far. With ₹8,000 remaining, she plans to continue her journey across the country. The challenge is to see if she can complete her travel within this limited budget.

News18 Hindi·

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SportsPhoto: HT Sports

PT Usha, Gagan Narang Among 27 Nominated for IOA SOM Election

PT Usha, IOA president, along with Adille Sumariwalla and Gagan Narang, are among 27 former athletes nominated for the Sportspersons of Outstanding Merit (SOM) election by the Indian Olympic Association. The SOM polls will be held on November 9, ahead of the IOA election on December 5. Eight SOMs will be elected by 80 former athletes, with two joining the IOA Executive Council.

HT Sports··New Delhi

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SportsPhoto: News18Hi Sports

Pakistan Defeats Sri Lanka in ODI Tri-Series Final

In the thrilling ODI Tri-Series final, Pakistan defeated Sri Lanka by 3 wickets to claim the title. Sri Lanka posted a strong total of 325/8, led by Kamindu Mendis's 131 and Pawan Ratnayake's 77. Pakistan chased the target with Fakhar Zaman scoring 127, Saud Baig 74, and Arafat Minhas's unbeaten 61, reaching 326 with 1.3 overs to spare.

News18Hi Sports·

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