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3 mins read
India's digital economy poised to constitute 1/5th of GDP by 2026, highlights RBI report
Several enabling forces have come together to energise this revolution. Although internet penetrati…
PTI
4 mins read
India’s corporates in ‘wait and watch’ mode as consumption loans zoom
Large corporates are still not driving India’s credit growth as private capital expenditure is yet …
5 mins read
I read an ex-Apollo partner's tell-all book about the inner workings of private equity and was perplexed and ultimately disappointed
Masters of private equity always beat the markets because they have a winning mindset, argues the a…
Jonathan A. Knee
4 mins read
Wall Streeters peak between 36 and 40, according to a Harvard social scientist. Here's what they forget to plan for in the second half of their lives.
In 'From Strength to Strength,' Arthur Brooks explains why many financial high achievers face a rud…
Jonathan A. Knee
5 mins read
Moscow insiders describe panic, frustration, and shame as Russia gets cut off from the global economy
Russians are emptying bank accounts and buying big-ticket items as the ruble declines. "I feel my c…
Jason Corcoran
4 mins read
A top IPO banker in Moscow fears it will be decades before he sees another listing: 'We're in a new world'
"Nobody knows what the fuck is happening," he said. "All I know for certain is that it won't be for…
Jason Corcoran
3 mins read
As one of only 2 Black women CEOs in the Fortune 500, I'm often asked about how to close the US's racial wealth gap. The key is helping people save for retirement.
Thasunda Brown Duckett, CEO of TIAA, draws from the teachings of Dr. Martin Luther King Jr. on how …
Thasunda Brown Duckett
3 mins read
Retail inflationary pressures expected to ease with fresh Kharif arrivals: Finance Ministry
On inflation, the report by the department of economic affairs said domestic prices of some food it…
ANI
2 mins read
3 digital banking trends to look out for this year, according to the head of digital at Chase
Allison Beer says over the next year there will increased demand for banking personalization, autom…
Allison Beer
1 min read
Goldman Sachs is pledging $10 billion over 10 years to support the advancement of Black women
Rosalind Brewer, CEO of Walgreens, and former New Orleans mayor Marc Morial, are on the council of …
Kate Duffy,Reuters
2 mins read
Credit Suisse is overhauling its asset management business and has suspended bonuses after Greensill collapsed
Credit Suisse faces regulatory investigations into its dealings with Greensill Capital following th…
Michael Shields
1 min read
Robinhood hires former Google exec Aparna Chennapragada as its first-ever chief product officer
Aparna Chennapragada, who joins trading app Robinhood, worked at Google for 12 years and was most r…
Kate Duffy,Reuters
3 mins read
Climate Finance Top of the Agenda at The Second Edition of R.A.C.E. Sustainability Summit Held on the Opening Day of COP28 in the UAE
The second edition of the R.A.C.E (Regulation, Awareness, Collaboration, Ecosystem) Sustainability …
ANI
1 min read
Las Vegas Sands is selling its real estate in the city, including the Venetian Resort, for $6.25 billion
Funds managed by affiliates of Apollo Global Management will buy the operating company of the Venet…
Sanjana Shivdas
2 mins read
BlackRock vowed to strengthen training after staff spoke out about racial and sexual harassment
Former BlackRock analyst Essma Bengabsia described being sexually harassed and discriminated agains…
Grace Dean,Reuters
1 min read
Merck CEO Kenneth Frazier is retiring. He is one of only 4 Black CEOs in the Fortune 500, and famously stood up to Trump over Charlottesville in 2017.
Kenneth Frazier, who has led the US pharma giant Merck for nearly 30 years, is retiring, and will b…
Kate Duffy,Reuters
2 mins read
Minority-owned firms found it hardest to access credit during the pandemic, a Fed survey says. White-owned firms are more optimistic about 2021 than Black-owned ones.
The majority of Asian-owned firms, Black-owned firms, and Hispanic-owned firms said their financial…
Kate Duffy,Reuters
2 mins read
BP lost $5.7 billion in 2020, its first annual loss in 10 years, as oil and gas demand slumped during the pandemic
BP reported a profit of $115 million in the last quarter of 2020, falling short of analysts' estima…
Kate Duffy,Reuters
1 min read
The EU gives London Stock Exchange the green light for a $27 billion takeover of data company Refinitiv
The Refinitiv deal is subject to a number of conditions, including the sale of London Stock Exchang…
Kate Duffy,Reuters
5 mins read
How chief sustainability officers are bringing more accountability and less waste to their companies — and the world
In 2021, companies that appointed a CSO tripled compared to the previous year, according to a PwC s…