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BusinessGoldman Sachs reports that a surge in corporate bond supply in the US high-yield market is overwhelming debt investors. This influx is pushing risk premiums to their highest level in five months, signaling increased caution among investors in this sector, according to the firm's head of credit strategy.
Mint Markets·
SportsAngkrish Raghuvanshi, 22, has returned to cricket after a three-month finger injury sustained during IPL duty with Kolkata Knight Riders. He recently scored three half-centuries for Mumbai in Karnataka's Thimmappaiah Memorial tournament and made 51 for Rest of India U-23 against Tamil Nadu U-23 at M.A. Chidambaram Stadium. Raghuvanshi expressed his eagerness to be back on the field rather than sidelined by injury.
Hindu Sport··Chennai
WorldSaudi Arabia's Interior Ministry announced that the flydubai co-pilot, suspected of attempting an attack on a flight bound for Israel, was transferred to the UAE after medical clearance. The co-pilot allegedly attacked the captain but was stopped by the captain and passengers. Former US President Donald Trump suggested a possible link between the co-pilot and Iran.
Hindu World·
TechnologyA viral social media claim that Mike Wang, NBA 2K's gameplay director, was fired by Visual Concepts is false. A purported statement announcing his release circulated but was not issued by NBA 2K or Visual Concepts. Mike Wang briefly deactivated his X account amid backlash over NBA 2K27 gameplay, but his account remains active, confirming the firing rumors are unfounded.
HT Sports·
PoliticsThe Cockroach Janta Party (CJP) plans a Gandhi-inspired Jail Bharo Andolan protest on October 2, Gandhi Jayanti, in Mumbai. The protest demands the resignation of Chief Election Commissioner Gyanesh Kumar. After Mumbai Police denied permission for the protest at Shivaji Park due to court orders and traffic concerns, CJP founder Abhijeet Dipke announced the programme will proceed.
Zee News Hindi··Mumbai
BusinessSoftBank Group has completed its $30 billion investment in OpenAI as part of the final phase of its funding commitment. Earlier, OpenAI secured $122 billion in commitments valuing it at $852 billion. SoftBank, led by Masayoshi Son, invested in three $10 billion tranches through Vision Fund 2 and now holds a 13% stake with a total $64.6 billion investment.
ET Tech·
Mint Markets·
Goldman Sachs reports that a surge in corporate bond supply in the US high-yield market is overwhelming debt investors. This influx is pushing risk premiums to their highest level in five months, signaling increased caution among investors in this sector, according to the firm's head of credit strategy.
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