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A night with Peter Cat Recording Co., the New Delhi band that's found global appeal

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A night with Peter Cat Recording Co., the New Delhi band that's found global appeal
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A night with Peter Cat Recording Co., the New Delhi band that's found global appeal

2024-09-20 21:36 Last Updated At:21:41

WEST HOLLYWOOD, Calif. (AP) — There's an unspoken reverence emanating from the crowd as Peter Cat Recording Co. begins to play the blend of disco and jazzy psychedelic melodies that intro “People Never Change.”

All of a sudden, singer and guitarist Suryakant Sawhney launches into the melancholy, self-aware lyrics that contrast the upbeat track. Cheers erupt from the sea of fans packed like tinned fish inside the intimate West Hollywood, California, venue, swaying back and forth as Sawhney's crooning, Frank Sinatra-esque vocals wash over them.

It's an August night at the Troubadour, and music lovers have gathered for a seemingly spiritual experience in the form of an album release party. Phones are out for only a few songs. “BETA” has been out for less than 72 hours at this point and already fans are singing along to almost every word.

“I think ultimately the kind of people who come to the shows end up being people who have actually had deeper connection with the music itself,” said Sawhney. “It (the music) requires people to know them, have heard them, internalize them, know the lyrics so then they can enjoy themselves.”

The New Delhi-based band has quickly risen from its status as an indie band popular among South Asian audiences to embarking on a 77-stop headlining world tour through December. The tour titled “Good Luck Beta '24,” is hitting North America, Europe and India, while Peter Cat is also opening for Khruangbin during select dates.

“It felt like a good place to start,” Sawhney said of the West Coast choice.

“I mean, at least in the U.S., really, it was very organic,” he said with respect to the band’s rise in popularity. Peter Cat Recording Co. was born on New Year's Day 2011 and emerged onto the music scene with their debut album, “Sinema.” They're named after the Peter Cat restaurant in Kolkata and Sawhney's “desire to be a businessman rather than just a musician.”

After a 2012 tour through India, their first show outside of the country was in Berlin, in 2015. Four years later, the album “Bismillah” launched them onto the radar of global audiophiles, generating a new strain of fans.

Sawhney and his bandmates — Karan Singh on drums, Dhruv Bhola on bass, Rohit Gupta on keys and wind instruments and Kartik Pillai on guitar and various instruments — have a self-proclaimed “laidback energy as a group,” creating an atmosphere similar to a theatrical performance. As the band transitioned from song to song with very little banter, fans listened to hits from “Bismillah” and 2018’s “Portrait of a Time: 2010-2016,” along with newer tracks from “BETA,” like “Suddenly” and “Flowers R. Blooming.”

Their synergy is evidence of the current band members' dynamic. Since its inception, Peter Cat Recording Co. has had members come and go, but the current lineup has been working together since 2018.

“I think if you want to stick together as a band, there are some things that would seem to be fundamental where you have to be able to split a lot of your success equally, regardless of how it works,” Sawhney said. “So, sometimes you need to operate more like a family, just in order for it to work, actually, because I think all this stuff gets complicated.”

While Sawhney’s vocals can be heard throughout most of the album, “BETA” also highlights the voices of Bhola and Pillai on “I Deny Me” and “Foolmuse.” During their performances, each band member gets the spotlight as they shuffle throughout the stage, playing different instruments depending on the track.

Sawhney says the group aims to transcend labels like “band” or “collective.”

“They're just terms. They mean nothing. In reality, you just at each step, assess whether working together is mutually benefiting everybody. And you’re all moving ahead in some form,” says Sawhney.

When recording, the band says they all take part in production. The band describes the 13-track “BETA” in a press release as “a collection of stories about the future told 50 years in the past to make sense of the present on our only home, planet earth.” It transitions from genre to genre, ranging from alt-rock to disco. The band prefers to avoid being boxed in.

“Sometimes it’s nice to not be easily reducible,” said Sawhney.

The album was recorded in various locations from Goa, India to Joshua Tree, California. Its title is Hindi for “son” and was announced by Singh’s six-month old son. In an Instagram post, Singh is shown laying out folded pieces of white paper in front of the crawling baby, who grabs one of the pieces, unveiling the title for the album. The other titles were in the running?

“They weren’t good enough, I guess, to even share,” Singh said.

When first crafting “BETA,” Sawhney and Singh said that “Flowers R. Blooming” was the track that cemented the beginning of the album and the first they completed while recording during their last U.S. tour.

“I think it sums up that little trip we took, starting from India and going all the way through America,” said Sawhney. “The spaces we chose to record these songs just naturally lend themselves to be those spaces to record that song, whether it was because of the acoustics, whether it was because of the surrounding environment or just general vibe, for lack of a better word.”

From left, Karan Singh, Suryakant Sawhney, Kartik Pillai,Dhruv Bhola, and Rohit Gupta from Peter Cat Recording Co pose for a photograph in Mumbai, India, Friday, Aug. 2, 2024. (AP Photo/Rajanish Kakade)

From left, Karan Singh, Suryakant Sawhney, Kartik Pillai,Dhruv Bhola, and Rohit Gupta from Peter Cat Recording Co pose for a photograph in Mumbai, India, Friday, Aug. 2, 2024. (AP Photo/Rajanish Kakade)

From left, Dhruv Bhola, Kartik Pillai, Suryakant Sawhney, Karan Singh, and Rohit Gupta of Peter Cat Recording Co pose for a photograph in Mumbai, India, Friday, Aug. 2, 2024. (AP Photo/Rajanish Kakade))

From left, Dhruv Bhola, Kartik Pillai, Suryakant Sawhney, Karan Singh, and Rohit Gupta of Peter Cat Recording Co pose for a photograph in Mumbai, India, Friday, Aug. 2, 2024. (AP Photo/Rajanish Kakade))

From bottom to top, Suryakant Sawhney, Rohit Gupta, Kartik Pillai, Dhruv Bhola and Karan Singh of Peter Cat Recording Co pose for a photograph in Mumbai, India, Friday, Aug. 2, 2024. (AP Photo/Rajanish Kakade)

From bottom to top, Suryakant Sawhney, Rohit Gupta, Kartik Pillai, Dhruv Bhola and Karan Singh of Peter Cat Recording Co pose for a photograph in Mumbai, India, Friday, Aug. 2, 2024. (AP Photo/Rajanish Kakade)

From left, Rohit Gupta, Kartik Pillai, Karan Singh, Suryakant Sawhney, and Dhruv Bhola of Peter Cat Recording Co. pose for a photograph in Mumbai, India, Friday, Aug. 2, 2024. (AP Photo/Rajanish Kakade)

From left, Rohit Gupta, Kartik Pillai, Karan Singh, Suryakant Sawhney, and Dhruv Bhola of Peter Cat Recording Co. pose for a photograph in Mumbai, India, Friday, Aug. 2, 2024. (AP Photo/Rajanish Kakade)

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Stock market today: Wall Street wavers a day after setting record highs

2024-09-20 21:39 Last Updated At:21:40

U.S. stocks are drifting in early trading after leaping to records the day before as part of a worldwide rally. The S&P 500 was down 0.2% Friday but still on track for its fifth winning week in the last six. The Dow Jones Industrial Average slipped 63 points, or 0.2% after likewise setting its own all-time high the day before. The Nasdaq composite was flat. FedEx slumped after its profit and revenue for the latest quarter fell short of analysts’ expectations. Nike jumped after naming Elliott Hill as its chief executive. Treasury yields rose in the bond market.

THIS IS A BREAKING NEWS UPDATE. AP’s earlier story follows below.

Wall Street pointed lower Friday as a rally driven by the Federal Reserve’s big cut to interest rates faded and markets' focus turned to earnings and other corporate news.

Futures for the S&P 500 shed 0.2% before the bell, while futures for the Dow Jones Industrial Average were essentially unchanged.

Fedex tumbled more than 13% in after-hours trading after the package delivery company's first-quarter earnings came up woefully short of Wall Street expectations. FedEx's profit per share came in 20% below forecasts and a nearly a dollar short of the same period a year ago. The company blamed flagging demand for certain services and higher operating expenses.

Nike shares got a boost from news that the athletic shoe company named Elliott Hill as its president and CEO, replacing John Donahoe. Its shares rose 6.6% as investors applauded the change that will bring Hill, who retired from the company in 2020, back to run the show.

Shares in Trump Media and Technology Group slid 5.7% to all-time lows as the lockup period for the company's biggest shareholder, former President Donald Trump, ended.

Trump owns more than half of the $3 billion company behind the Truth Social platform. But Trump and other insiders in the company have been, until today, unable to cash in because a “lock-up agreement” has prevented them from selling any of their shares. Trump has said he's in no rush to sell.

U.S. indices rose to record highs on Thursday after the Federal Reserve delivered its first cut to interest rates in more than four years a day earlier.

That closed the door on a run where the Fed kept its main interest rate at a two-decade high in hopes of slowing the U.S. economy enough to stamp out high inflation. Now that inflation has fallen from its peak two summers ago, Chair Jerome Powell said the Fed can focus more on keeping the job market solid and the economy out of a recession.

The Fed is still under pressure because the job market and hiring have begun to slow under the weight of higher interest rates. Some critics say the central bank waited too long to cut rates and may have damaged the economy.

Elsewhere, in Europe at midday, Germany’s DAX, the CAC 40 in Paris and London's FTSE 100 were all down in the neighborhood of 0.8%.

The Bank of Japan ended a two-day monetary policy meeting by announcing it would keep its benchmark rate unchanged at 0.25%.

In Tokyo, the Nikkei 225 index soared 1.5% to close at 37,723.91 after the nation's key inflation data in August accelerated for a fourth consecutive month. The core consumer price index rose 2.8% year-on-year in August, exceeding the central bank’s 2% target and leaving room for further rate hikes.

Markets are closely watching for hints on the pace of future rate hikes from BOJ Gov. Kazuo Ueda.

“For the BOJ, given current economic conditions and recent central bank rhetoric, further policy adjustments are not expected until later this year or early 2025,” Anderson Alves of ActivTrades said in a commentary.

The U.S. dollar rebounded against the Japanese currency, rising to 144.14 yen from 142.62 yen late Thursday. The euro rose to $1.1167 from $1.1161.

China refrained from further monetary stimulus as the central bank left key lending rates unchanged on Friday. The 1-year loan prime rate (LPR), the benchmark for most corporate and household loans, stays at 3.45%, and the 5-year rate, a reference for property mortgages, was held at 3.85%.

The Hang Seng in Hong Kong added 1.4% to 18,258.57 and the Shanghai Composite index edged up less than 0.1% to 2,736.81.

Elsewhere in the region, Australia’s S&P/ASX 200 rose 0.2% at 8,209.50. South Korea's Kospi advanced 0.5% to 2,593.37.

India's Sensex gained 0.9% and Taiwan's Taiex was up 0.5%.

In the bond market, the yield on the 10-year Treasury ticked down to 3.71% from 3.73% late Thursday. The two-year Treasury yield, which more closely tracks expectations for Fed action, ticked up to 3.61% from 3.59%.

In other dealings early Friday, U.S. benchmark crude oil lost 32 cents to $70.84 per barrel. Brent crude, the international standard, declined 31 cents to $74.56 per barrel.

On Thursday, the S&P 500 jumped 1.7% to 5,713.64 for one of its best days of the year and topped its last all-time high set in July. The Dow leaped 1.3% to 42,025.19, and the Nasdaq composite led the market with a 2.5% spurt to 18,013.98.

A bus passes the Wall St. subway station on Wednesday, Sept. 18, 2024, in New York. (AP Photo/Peter Morgan)

A bus passes the Wall St. subway station on Wednesday, Sept. 18, 2024, in New York. (AP Photo/Peter Morgan)

Trader Michale Conlon, right, works on the floor of the New York Stock Exchange as Federal Reserve Chair Jerome Powell's news conference appears on a television screen behind him, Wednesday, Sept. 18, 2024. (AP Photo/Richard Drew)

Trader Michale Conlon, right, works on the floor of the New York Stock Exchange as Federal Reserve Chair Jerome Powell's news conference appears on a television screen behind him, Wednesday, Sept. 18, 2024. (AP Photo/Richard Drew)

A person walks in front of an electronic stock board showing Japan's Nikkei index and Japanese Yen exchange rate at a securities firm Friday, Sept. 20, 2024, in Tokyo. (AP Photo/Eugene Hoshiko)

A person walks in front of an electronic stock board showing Japan's Nikkei index and Japanese Yen exchange rate at a securities firm Friday, Sept. 20, 2024, in Tokyo. (AP Photo/Eugene Hoshiko)

A person stands in front of an electronic stock board showing Japan's Nikkei index at a securities firm Friday, Sept. 20, 2024, in Tokyo. (AP Photo/Eugene Hoshiko)

A person stands in front of an electronic stock board showing Japan's Nikkei index at a securities firm Friday, Sept. 20, 2024, in Tokyo. (AP Photo/Eugene Hoshiko)

People ride bicycles in front of an electronic stock board showing Japan's Nikkei index at a securities firm Friday, Sept. 20, 2024, in Tokyo. (AP Photo/Eugene Hoshiko)

People ride bicycles in front of an electronic stock board showing Japan's Nikkei index at a securities firm Friday, Sept. 20, 2024, in Tokyo. (AP Photo/Eugene Hoshiko)

A person rides a bicycle in front of an electronic stock board showing Japan's Nikkei index at a securities firm Friday, Sept. 20, 2024, in Tokyo. (AP Photo/Eugene Hoshiko)

A person rides a bicycle in front of an electronic stock board showing Japan's Nikkei index at a securities firm Friday, Sept. 20, 2024, in Tokyo. (AP Photo/Eugene Hoshiko)

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