Gold bond bought at Rs 4,682 now worth Rs 15,334: SGB gives 228% return, Rs 1 lakh becomes Rs 3.28 lakh, plus 2.5% annual interest; premature redemption due September 7

Tom Gayner’s investment philosophy encourages investors to remain constructive about the long term. Despite volatility, geopolitical risks and economic uncertainty, he believes wealth creation depends on businesses, economies and institutions continuing to function, adapt, innovate and generate value over time.

Catastrophic flash floods struck villages along the Nepal-China border after a glacier broke. Nepal’s death toll reached 538, while China reported only five deaths. China’s tight information control in Tibet hampers disaster assessment and rescue coordination efforts. Independent reporting from Tibet is severely restricted due to its sensitive status. The information vacuum obscures the full…

Central bank market backstops risk fuelling leverage and future crises