Bargain Hunters Scouring For Distressed Sectors May Eye India's Road Developers
Before the trading day starts we bring you a digest of the key news and events that are likely to move markets. Today we look at:
Good morning, this is Ashutosh Joshi, an equities reporter in Mumbai. Indian stocks are positioned for a second day of gains, helped by a risk on tone in Asian markets and a sharp decline in volatility index back home. The prospects of ample rainfall could further boost sentiment, benefiting a host of sectors while helping ease inflationary pressures.
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Associated Press
14 minutes ago
- Associated Press
LegalBison Establishes Southeast Asia Presence with New Malaysian Office
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New York Times
an hour ago
- New York Times
TikTok's Owner Wanted to Publish Books. Not Anymore.
When 8th Note Press launched in the summer of 2023, the small publisher had a big advantage over other new presses. It was started by the Chinese technology company ByteDance, the owner of TikTok, the wildly popular social media platform where viral endorsements can transform books into best sellers overnight. That was not enough, it seems, to build a successful publishing business. In late May, 8th Note Press began informing writers that it was shutting down and returning publication rights to the authors. News of the press's demise, which was reported earlier by the The Bookseller, came as a shock to authors who were swayed by the possibility that 8th Note could help engineer best sellers with elaborate marketing campaigns on TikTok. Instead, 8th Note has started taking down digital editions of their books, effectively unpublishing them. The literary agent Mark Gottlieb, who sold the debut novel 'To Have and Have More' to 8th Note, said the company was doing 'irreparable damage' to its authors by shutting down so haphazardly. While publishing imprints frequently come and go, the books and authors they publish are usually moved elsewhere within the parent company, rather than being taken out of circulation entirely. If a book is published then quickly disappears, it can be difficult to resell it to another publisher, Gottlieb said. 'They're wrecking careers in the process of doing this,' he said of 8th Note. 'If you're an author and this is your first book, what the history is going to show is that your book published and quickly went out of print.' 8th Note's precipitous fall was surprising, given its parent company's vast resources and reach. Just last year, the press seemed poised to expand. Last October, its executives announced a partnership with the publisher Zando to put out print editions of its books and distribute them to physical bookstores. The plan was to release 10 to 15 titles a year, with a focus on romance, romantasy and young adult fiction. Later, the imprint indicated to agents that it was expanding into science fiction and fantasy. Want all of The Times? Subscribe.
Bloomberg
an hour ago
- Bloomberg
In a Global Storm, Markets Reward Indifference
Amid the geopolitical and economic maelstroms of 2025, diversified investors may end up remembering the first six months for something altogether less dangerous or dramatic. In the face of bloody conflicts stretching from Europe to the Middle East and Africa, a chaotic trade war and America's deepening domestic crises, the year has still managed to see the strongest stretch of synchronized market gains in years. Rather than spelling a slow-motion disaster for bulls, months of whiplash across equities, fixed income and commodities have rewarded strategic indifference while punishing overconfidence. Strategies that spread risk across assets are outperforming by near-historic margins, a shift from the concentrated bets that favored the likes of Big Tech stocks in recent years.
