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2 mins read

Markets to remain shut on November 20 due to Maharashtra elections

Indian stock markets show mixed signals on closures. NSE will close on November 20 for Maharashtra …

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2 mins read

Zypp Electric raises $15 million funding in Series C Round

EV-as-a-service platform Zypp Electric on Monday said it has raised USD 15-million funding from Jap…

PTI   


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Stock markets to remain shut for Ram Navami today amid a volatile week in the equity markets

The break comes amid a bear run this week due to weak global cues and the rising geopolitical tensi…

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4 mins read

How private equity firms cash in on struggling businesses like Toys R Us and leave retail employees high and dry

Jim Baker of the Stakeholder Project says these firms buy fledgling retailers, default on their loa…

Paul Constant   


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1 min read

Subway is being sold to a massive private-equity firm, finally moving the sandwich chain away from family ownership after nearly 60 years

Subway said on Thursday that it was being acquired by affiliates of Roark Capital, six months after…

Grace Dean   


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Russian stocks jump as much as 12% in Moscow after a monthlong trading halt, backed up by $10 billion of government cash

The US slammed the reopening of the Moscow stock exchange as a "charade", with foreign investors ba…

Harry Robertson   


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One hedge fund that bet against GameStop is closing its doors after taking double-digit percent losses from the meme stock's rally

Its decision to close down is unrelated to the battle between individual investors and hedge funds …

Shalini Nagarajan   


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3 mins read

Republican Gov. Ron DeSantis wants to let parents sue schools that teach critical race theory

DeSantis later told reporters that he wants the Florida Legislature take action against businesses …

Kimberly Leonard   


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1 min read

Pizza Express prepares to shutter 67 UK restaurants, cut more than 1,000 jobs, and transfer ownership to its debtholders

Pizza Express' plans to shut restaurants and transfer its majority ownership from Hony Capital woul…

Shalini Nagarajan   


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High-end kitchenware chain Sur La Table files for bankruptcy and closes over 50 stores

"This sale process will result in a revitalized Sur La Table, positioned to thrive in a post COVID-…

Shalini Nagarajan   


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Billionaire John Paulson, who netted $20 billion from the 2008 'Big Short' crisis, quits the hedge fund world

"With one chapter closing, a new one is beginning ... and I look forward to continuing as an active…

Shalini Nagarajan   


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1 min read

Bed Bath & Beyond tumbles 15% as store closures weigh on quarterly sales

Bed Bath & Beyond shares were under pressure after the housewares retailer posted a 16% fall in fir…

Carla Mozée   


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Texas Roadhouse, Olive Garden, and other casual chains benefit from independent restaurant closures of the last year

An analyst says the restaurant closures benefitted large chains by reducing competition for custome…

Mary Meisenzahl   


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1 min read

Market retreats from record highs: Sensex tanks 580 points, Nifty drops below 12,800

On the other hand, PowerGrid, ITC, NTPC, Tata Steel and Titan were among the gainers. …

PTI   


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Victoria's Secret Lingerie replaces its CEO after bruising year of store closures and lawsuits

On Wednesday, Victoria's Secret announced a new CEO of the lingerie division without giving a reaso…

Barbara Smith   


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3 mins read

Comparison between PPF and ELSS, which is better?

Both Public Provident Fund (PPF) and Equity Linked Savings Scheme (ELSS) are saving schemes that a…

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9 mins read

Ariana Grande is getting into private equity; Citigroup is considering working with pot companies

"This palette has such an intense highlight I thought it would blind others to my privilege and tox…

Olivia Oran   


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3 mins read

Days after laying off 20% of its workforce, Brookfield-backed Convene furloughs more than half of remaining employees due to coronavirus closures

"After closing all of our locations, we have had to take the additional measure of saying goodbye t…

Alex Nicoll   


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6 mins read

Carlyle execs explain how the private-equity giant is using HireVue to help its other portfolio companies with remote campus recruiting

Grocery stores, the company said, are interviewing 15,000 candidates a day, using both live and pre…

Shannen Balogh   


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2 mins read

These 3 people hold the fate of hundreds of local newspapers in their hands after a private equity and hedge fund feeding frenzy

There don't appear to be many superheroes coming to save the newspaper business, either. While some…

Bradley Saacks,Casey Sullivan