The shift may inject some stability into a bond market that’s been consistently caught off guard by how resilient the US economy has remained as the Fed raised interest rates by five percentage points since March 2022. The dynamic was underscored Friday, when bonds slid after a report showed employers unexpectedly accelerated the pace of hiring in May.
Offshore deals under I-T lens: Tiger Global vs government battle intensifies
In recent weeks, over a dozen foreign investors have received notices from India’s income tax department for allegedly skipping taxes on substantial transactions from 2018