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New Delhi, Homegrown Twitter-like platform <keyword id="3518161" type="PERSON" weightage="20" keywordseo="koo">Koo</keyword> has garnered over 10 lakh new users in just one week, surpassing the 40 lakh-figure in nearly 10 months of its arrival, as Twitter was caught in crosshairs with the Indian government over its direction to remove nearly 1,400 controversial accounts.<br /><br />Koo, a favourite among several Union ministers, including IT Minister Ravi Shankar Prasad who is at the forefront of the government's war with Twitter, has reached 4.2 million users within no time.<br /><br />According to data analytics platform Statista, as of January 2021, the micro-blogging platform Twitter had an audience reach of 69.3 million users in the US.<br /><br />Japan and India were ranked second and third with 50.9 and 17.5 million users, respectively.<br /><br />The fast-growing vernacular platform Koo describes itself as a personal updates and opinion sharing micro-blogging service.<br /><br />The app won the Atmanirbhar App Innovation Challenge held in August last year and Prime Minister <keyword id="6354477" type="PERSON" weightage="20" keywordseo="Narendra-Modi">Narendra Modi</keyword> encouraged Indians to use the Koo app in his 'Mann Ki Baat' speech too.<br /><br />However, Koo also found itself in the midst of several controversies including a data leak row and Chinese investment.<br /><br />Koo Co-founder and CEO Aprameya Radhakrishna denied that there was any data leak.<br /><br />"Koo is an India registered company with Indian founders. Raised earlier capital 2.5 years ago. Latest funds for Bombinate Technologies is led by a truly Indian investor 3one4 capital. Shunwei (single digit shareholder) which had invested in our Vokal journey will be exiting fully," Radhakrishna said in an earlier investment.<br /><br />Koo has raised $4.1 million as part of its Series A funding.<br /><br />Infosys veteran Mohandas Pai's 3one4 Capital is the latest addition to the investors on board, according to the company, and <keyword id="144381" type="COMPANY" weightage="20" keywordseo="Accel-Partners">Accel Partners</keyword>, <keyword id="1397792" type="COMPANY" weightage="20" keywordseo="Kalaari-Capital">Kalaari Capital</keyword>, <keyword id="592779" type="COMPANY" weightage="20" keywordseo="Blume-Ventures">Blume Ventures</keyword> and Dream Incubator also participated in the round.<br /><br />"We have got more love than we expected. Our systems are facing more load than ever. Thank you for placing your trust in us. Our team is working on overdrive to fix it. We request your patience and support through this time. Let's do this together," Radhakrishna had said.<br /><br /><br /><strong>SEE ALSO:<br /><a href="https://www.businessinsider.in/india/news/india-issues-new-guidelines-for-passengers-arriving-from-the-uk-brazil-europe-and-middle-east-countries/articleshow/81083248.cms">India issues new guidelines for passengers arriving from the UK, Brazil, Europe and Middle-East countries</a><br /><a href="https://www.businessinsider.in/business/startups/news/not-just-a-tiktok-clone-says-chingari-app-founder-with-their-latest-shop-within-videos-feature-which-he-claims-is-the-next-big-thing-in-social-commerce/articleshow/81084432.cms">‘Not just a TikTok clone,’ says Chingari founder with their latest shop within videos feature which he claims is the next big thing in social commerce</a><br /><a href="https://www.businessinsider.in/tech/mobile/news/samsung-galaxy-f62-review-the-new-mid-range-killer/articleshow/81084382.cms">Samsung Galaxy F62 review – the new mid-range killer</a><br /></strong><a href="https://www.businessinsider.in/business/corporates/news/cairn-energy-ceo-meets-indian-finance-secretary-as-shareholders-impatiently-wait-for-action-on-the-1-4-billion-tax-dispute/articleshow/81087952.cms"><strong>Cairn Energy CEO meets Indian finance secretary as shareholders impatiently wait for action on the $1.4 billion tax dispute</strong></a><br />

As Twitter engages in a firefight with the Indian government, homegrown rival Koo crosses 4 million users within 10 months of launch

<ul class="summary-list"><li><keyword id="11910935" type="UNKNOWN" weightage="60" keywordseo="american-airlines" source="Orion">American Airlines</keyword> is suing <keyword id="13006515" type="UNKNOWN" weightage="60" keywordseo="the-points-guy" source="Orion">The Points Guy</keyword> over the management of customers' <keyword id="13006517" type="UNKNOWN" weightage="60" keywordseo="frequent-flyer-miles" source="Orion">frequent flyer miles</keyword>.</li><li>The airline previously sent <keyword id="6367884" type="UNKNOWN" weightage="60" keywordseo="tpg" source="Orion">TPG</keyword> a cease-and-desist notice, leading TPG to preemptively sue.</li></ul><p>American Airlines is suing The Points Guy over the TPG app's frequent flyer mile management tool, saying it violates trademark and privacy rules.</p><p>The lawsuit is the latest escalation in a dispute between the companies over the way customers are allowed to track and manage their own miles from AA and other carriers.</p><p>Through its app, The Points Guy is "knowingly and willfully expropriating American's protected intellectual property to deceive consumers," the airline's lawyers argued in a complaint filed in the <a href="https://www.pacermonitor.com/public/case/43285940/AMERICAN_AIRLINES,_INC_et_al_v_Red_Ventures_LLC">US District Court of Northern Texas</a>.</p><p>By allegedly implying that the companies have a relationship, American Airline's lawyers continued, TPG is "free-riding on decades of investment" and seeking to "supplant American's customer relationships."</p><p>The complaint also says that the airline previously declined an invitation from TPG to link customer data directly through an API, after which TPG developed its own workaround.</p><p>American Airlines then said it reached out to TPG "in good faith" to get the feature removed, only to be surprised with a preemptive lawsuit by TPG in Delaware asking a court to declare the actions to be legal.</p><p>Beyond the trademark and branding concerns outlined in the complaint, American Airlines spokesperson Andrea Koos told Insider the airline felt that the app "does not comply with our standards of use of confidential information."</p><p>In a statement to Insider, a spokesperson for The Points Guy said, “American Airlines made clear that it believes consumers do not have the right to share their personal information with third-party apps that will help them save time and money and make their lives easier. We believe this is a consumers’ right.”</p><p>American Airlines is requesting a permanent injunction against TPG, as well as damages and legal fees.</p>

American Airlines is suing The Points Guy for letting customers manage frequent flyer miles on the TPG app

<ul class="summary-list"><li>Summer internships at <keyword id="11895526" type="UNKNOWN" weightage="60" keywordseo="wall-street" source="Orion">Wall Street</keyword> banks are among the most sought-after undergrad opportunities.</li><li>Many interviews are happening in-person again after two mostly virtual years. </li><li>The search can begin 12 to 18 months ahead of time. Use our reporting to give you an edge.</li></ul><p>Today's Wall Street interns could turn out to be tomorrow's managing directors.</p><p>Even if that's a bit of a stretch, it's true that summer internships at leading financial-services firms are a tried-and-true gateway to full time employment at investment banks, private-equity firms, and hedge funds. They pay well, too, with many interns at both bulge-bracket and boutique banks earning a prorated summer salary on a scale that's upwards of $100,000.</p><p>As you might imagine, actually landing one of these internships is notoriously competitive. The biggest US banks can receive hundreds of thousands of applications for a relatively small number of roles each summer — meaning they can be tougher to crack than landing a spot at an Ivy League university.</p><p>Take Goldman Sachs, for instance, which accepted just 1.5% of candidates into its 2022 summer internship class out of <a href="https://www.businessinsider.com/goldman-sachs-receives-record-236000-internship-applications-despite-burnout-reports-2022-4">more than 236,000 applications</a> worldwide, according to a person with knowledge of the bank's recruiting efforts.</p><p>So how do you become one of the lucky few to receive such an offer? Experts say that a sense of ambition, the willingness to hustle, and investing plenty of time into preparation are all crucial.</p><p>Insider's comprehensive reporting includes more than a dozen stories on everything from what interns do, to how to nail your interviews, to the types of prep questions to expect when you meet with managing directors or HR.</p><p>Check out our robust Wall Street internship coverage here — and, if you're in the running for an internship for next summer, get in touch with this reporter to share your story.</p><p><strong>Insider's Wall Street reporter Reed Alexander can be reached via email at </strong><strong>ralexander@insider.com</strong><strong>, or SMS/the encrypted app Signal at (561) 247-5758.</strong></p><h2><strong>Interview advice from top bankers</strong></h2><h2><div type="image" title="Alexandra Soto of Lazard, Claire O'Connor of Barclays" height="802" width="1069" msid="91471763" hostid="261"></div></h2><p>After two years of mostly virtual recruiting, Wall Street's hunger games are back — and this time, they're taking place largely in person.</p><p>Claire O'Connor, a managing director and head of loan capital markets and acquisition <keyword id="11895316" type="UNKNOWN" weightage="100" keywordseo="finance" source="Orion">finance</keyword> at Barclays in New York, says that the return to in-person recruiting is generally a good thing. "This is such a people business," O'Connor told Insider. "Making those personal connections early on is really important, both for the candidates as well as for people on my side of the table to really get to know people, understand what motivates them, and what drives them."</p><p>Insider spoke to three high-powered executives from Barclays, RBC Capital Markets, and Lazard, who offered their best advice for those looking to nail their interviews and stand out. Here's what they told us.</p><h2><a href="https://www.businessinsider.com/how-to-land-a-wall-street-summer-internship-according-to-top-bankers">How to land a Wall Street summer internship: Top investment bankers reveal their best advice, from asking the right questions to cold calling executives</a></h2><h2><strong>What not to do in a virtual interview</strong></h2><div type="image" title="Stressed student with papers falling out of her backpack in front of Wall Street 4x3" height="1750" width="2334" msid="91471765" hostid="261"></div><p>During the depths of the COVID-19 pandemic, students participating in virtual recruiting for investment-banking and hedge fund internships were often aided by a little trick up their sleeves: digital cheat sheets.</p><p>If you're participating in any virtual interviews this year, using this hack could be tempting — but students should think twice about trying it, because those who got caught were taken off of recruiters' lists last year.</p><h2><a href="https://www.businessinsider.com/how-students-used-cheat-sheets-online-interviews-wall-street-internships-2022-3">Finance students used digital cheat sheets to land internships during the pandemic. Here's what they looked like — and what happened when they got caught.</a></h2><h2><strong>What you need to know about Goldman Sachs</strong></h2><div type="image" title="goldman sachs" height="999" width="1999" msid="91471767" hostid="261"></div><p>Last month, Goldman Sachs representatives delivered a campus recruiting presentation to finance students at the Wharton School of the University of Pennsylvania, one of Wall Street's most trusted repositories from which to source talent.</p><p>The bank shared two slideshows — nearly 30 pages in all — bursting with information about the firm's investment-banking and asset-management summer analyst programs. Insider got a hold of the slides.</p><p>The two presentations highlight stats, data, and dozens of details about the bank's business lines. Use them to study up on how Goldman operates before tossing your hat into the ring.</p><h2><a href="https://www.businessinsider.com/how-to-get-an-internship-with-goldman-sachs-leaked-slideshows-2022-4">Applying for a Goldman Sachs internship next year? Check out 29 leaked slides that reveal everything from what the gig entails to how its asset managers raise money.</a></h2><h2>What does a Goldman analyst do anyway?</h2><div type="image" title="A young boy, wearing a suit and necktie, standing behind a desk with a stack of files, feeling stressed." height="2649" width="3532" msid="91471769" hostid="261"></div><p>Headline-grabbing deals, calls with titans of industry, dinner with your pals in the city, and of course, hammering out a few unavoidable Excel spreadsheets.</p><p>These are just a few hallmarks of the lives of entry-level investment-banking analysts at Goldman Sachs, according to a mock daily schedule created by recruiters at the powerhouse Wall Street firm. </p><h2><a href="https://www.businessinsider.com/goldman-sachs-mock-daily-schedule-what-banking-analysts-typically-do-2022-4">Here's what Goldman Sachs says is a typical day in the life of its analysts, from calls with CEOs to eating dinner at your desk</a></h2><h2>What is an 'exit opportunity'?</h2><div type="image" title="Wall Street bull looking at a pile of money with binoculars on a purple background" height="1500" width="2000" msid="91471772" hostid="261"></div><p>The journey from investment banking to private equity is a well-worn path, and so-called "exit opportunities" — that is, where juniors bankers can conceivably go to work into after moving on from banking — fuels much intrigue and even jealousy among the intern and analyst sets.</p><p>Exit opps are such an important consideration that PJT Partners, one of Wall Street's most prestigious elite boutique banks, even tabulated all the exit opps of 70 of its junior bankers from 2012 to 2020, in an effort to flex the bank's top employment outcomes to internship hopefuls.</p><p>PJT presented this information in a slide at a recent Wharton undergrad presentation. It was subsequently obtained by Insider. The boutique bank says its former junior staffers go on to work for a bevy of blockbuster buy-side heavyweights, like Blackstone, Apollo, and KKR, to name a few. </p><h2><a href="https://www.businessinsider.com/pjt-partners-exit-opportunities-blackstone-apollo-kkr-centerbridge-mckinsey-wharton-2022-4">Leaked data reveals the most popular 'exit opportunities' for PJT Partners' junior bankers — from Blackstone to Centerbridge Partners</a></h2><h2><strong>When does investment-banking internship recruiting start?</strong></h2><h2><strong><div type="image" title="An illustrated graphic of two professionals in suits holding briefcases are jumping into the glowing screen of a laptop computer." height="1800" width="2400" msid="85672607" hostid="261"></div></strong></h2><p>In recent years, investment banks have opened application portals and kicked off campus recruiting earlier and earlier. Insiders say it's a reflection of the urgency they feel to lock up the most competitive undergrad talent.</p><p>"When you think about the recruiting timeline and the matriculation to full-time analyst program, that journey really starts two years earlier," Andrea O'Neal, a senior coach with Management Leadership for Tomorrow, an organization that helps prepare diverse students for finance industry <keyword id="11894132" type="UNKNOWN" weightage="60" keywordseo="careers" source="Orion">careers</keyword>, told Insider in an interview in 2021.</p><h2><a href="https://www.businessinsider.com/investment-banking-internship-recruiting-timeline-shifting-earlier-summer-analysts-2021-1?r=internship-teaser">We mapped out the timeline to nab an IB summer analyst role, which can begin as early as 24 months before the summer gigs actually do</a></h2><h2><strong>Interview prep: What is an investment-banking 'superday'?</strong></h2><p><strong></strong></p><div type="image" title="headhunters and recruiters sourcing talent for wall street 4x3" height="1800" width="2400" msid="85672609" hostid="261"></div><p>As investment-banking interview rounds advance, candidates may be called into "superdays," which indicate that a search process is nearing its conclusion. Sometimes, banks even fly and pay for lodging for their top out-of-state to travel to New York or wherever the company is conducting its superdays, in order to meet those candidates in person.</p><p>Superdays are competitive, rapid-fire sequences of interview rounds, which are typically conducted by senior bankers such as managing directors and vice presidents. They're intense, and candidates should expect worldwide experiences meeting — and trying to impress — multiple company leaders in a relatively short period of time.</p><p>Insider obtained two lists of questions developed by Goldman Sachs and Morgan Stanley, which can help you think through your interview prep strategy.</p><h2><a href="https://www.businessinsider.com/questions-wall-street-superday-2022-internship-recruiting-goldman-morgan-stanley-examples-8-2021?r=internship-teaser">REVEALED: 22 questions from Goldman Sachs and Morgan Stanley to help prep prospective interns for intense 'superday' interviews</a></h2><h2><strong>What kind of work do investment-banking summer interns do?</strong></h2><h2><strong> <div type="image" title="Return of bankers and other finance workers to the office in New York City with a rise in happy hours and work dinners" height="1800" width="2400" msid="85783307" hostid="261"></div></strong></h2><p>Once you successfully nail an internship offer and go from applicant to intern, what can you expect to do on the job?</p><p>In the summer of 2021, we asked an IB summer analyst at a leading large-cap bank to break down a week in their life. The intern created a detailed schedule featuring colorful nuggets like what their final project consisted of, the kind of feedback they received from managers, and how they enjoyed a late-night ice cream party with colleagues at the office until 2:30 a.m.</p><p>From socializing in Manhattan to working on live deals, here's what you can expect.</p><h2><a href="https://www.businessinsider.com/wall-street-summer-intern-schedule-hours-investment-banking-work-life-2021-7"><strong>Inside the Wall Street internship: A 21-year-old investment-banking intern walked us through a 75-hour work week churning out pitch decks, partying in Brooklyn, and digging into ice cream at the office after midnight</strong></a></h2><h2><a href="https://www.businessinsider.com/wall-street-summer-intern-schedule-hours-investment-banking-work-life-2021-7"></a><strong style="color: #000000;">Inside Wall Street's diversity recruiting programs</strong></h2><p><strong></strong></p><div type="image" title="WilliamPemberton#2" height="501" width="668" msid="85672614" hostid="261"></div><p>Numerous banks have established specialized recruiting programs focused on diverse candidates, or those who identify as Black, Indigenous, Latinx, members of the LGBTQ+ community, and others.</p><p>Citigroup is one such firm. Last year, the Wall Street bank shared an exclusive look at its Early ID program with Insider. The program, which was established five years ago, receives thousands of applications per year, giving diverse students a chance to begin their recruiting process several months earlier than the rest of the applicant pool.</p><p>Citi Early ID candidates can apply for internships in business lines such as markets; consumer services; human resources; and banking, capital markets, and advisory. One successful Citi banker who went through the program, William Pemberton, broke down how it works for us.</p><h2><a href="https://www.businessinsider.com/citigroup-early-id-program-diverse-investment-banking-summer-analyst-internships-2021-3?r=internship-teaser">Citigroup showed us how its Early ID program trains and mentors thousands of diverse candidates every year to help them ace their interviews and land internships at the global bank</a></h2><h2>How to turn your internship into a full-time offer</h2><div type="image" title="IMG_5478.JPG" height="1305" width="1740" msid="91471774" hostid="261"></div><p>Growing up in Burlington, North Carolina, Tamia Marrow never expected she'd find her way to one of the most prestigious asset managers in the global finance industry. But the first-gen student who worked at McDonalds in high school to save up for her first car — a 2006 Honda Pilot costing $8,000 — nevertheless managed to pull it off.</p><p>In spite of the challenges she experienced interning virutally during the pandemic, Marrow impressed her supervisors and landed a return offer to join the firm she graduated college. She shared with Insider how she did it, offering powerful advice for others endeavoring to follow in her footsteps.</p><h2><a href="https://www.businessinsider.com/blackrock-internship-full-time-job-offer-asset-management-analyst-remote-2020-11"><strong>A first-generation college student from an HBCU crushed her virtual internship at BlackRock and landed a full-time offer. She laid out how to turn a summer gig on Wall Street into a coveted full-time job.</strong></a></h2><h2><strong>Consulting internships at McKinsey, BCG, and Bain are kicking off earlier than ever</strong></h2><p><strong></strong></p><div type="image" title="Car leaving dust in its wake" height="2357" width="3142" msid="85672615" hostid="261"></div><p>Investment banks are known to start their internship recruiting processes 12 to 18 months ahead of time, but they're hardly alone. The Big 3 consulting firms — McKinsey, Bain, and the Boston Consulting Group — are progressively moving the kickoffs to their internship searches earlier and earlier, as Insider reported in 2021.</p><p>For instance, BCG last year opened up its 2022 summer internship applications six to eight weeks earlier than previous years. McKinsey's first application deadline was a month earlier than it was the year before.</p><p>Insider is tracking the consulting internship timeline and talking to decision-makers about why it's starting earlier — a sign, they say, that consulting giants are keen to duke it out with banks to nab the best talent before they're off the market.</p><h2><a href="https://www.businessinsider.com/consulting-internship-recruiting-timeline-mckinsey-bcg-2022-undergrad-summer-applications-2021-8">Insider spoke to recruiting experts, college career counselors, and hiring managers at leading consulting firms to understand why they're pushing their internship timelines up so dramatically.</a></h2><h2>Getting your foot in the door on the buy-side</h2><div type="image" title="Alex Crisses of General Atlantic" height="405" width="540" msid="91471777" hostid="261"></div><p>General Atlantic managing director Alex Crisses has an intriguing thesis: Betting on the gut instincts of college kids could result in some of the $65 billion growth-equity investor's smartest plays.</p><p>Every summer, Crisses' team brings on about six to eight interns. They mainly focus on sourcing and pitching opportunities that would fall within one of the firm's five investment sectors: technology, consumer, financial services, life sciences, and healthcare.</p><p>Crisses, GA's head of new investment sourcing and co-head of emerging growth, walked us through the buy-side firm's highly competitive but growing summer internship program, which accepts about 2% of applicants.</p><h2><a href="https://www.businessinsider.com/general-atlantic-summer-internship-program-sourcing-deals-growth-equity-2021-9">Inside General Atlantic's undergrad internship, where just 2% of applicants are selected to pitch new investments in cmopanies like Duolingo and Riskified</a></h2><h2>Private-equity mega-funds like KKR want undergrads</h2><div type="image" title="Grace Koo is KKR's head of talent acquisition." height="450" width="600" msid="85672617" hostid="261"></div><p>After years of mainly recruiting analysts from the junior rungs of investment banks, private-equity firms are no longer keen to wait as patiently for entry-level bankers to transition from Wall Street to the buy-side after completing two years on the desk.</p><p>Now, they're engaged in heated battles with investment banks to recruit talent directly from college campuses. Last year, Grace Koo, head of talent acquisition at private-equity giant KKR, told Insider about how the firm is broadening out the group of schools it relies upon to source future dealmakers for its burgeoning analyst program.</p><h2><a href="https://www.businessinsider.com/kkr-recruiting-college-campus-private-equity-changed-covid-hiring-analysts-2021-7?r=internship-teaser">A KKR talent exec says the private-equity firm's college recruiting is expanding beyond core target schools</a></h2><h2>The secrets of successful networking</h2><div type="image" title="Amy Cheetham _ Lisa Deneffe" height="961" width="1281" msid="91471779" hostid="261"></div><p>Experts say cold outreach is an effective tool to secure a summer internship, and research backs that up. Research published by the National Association of Colleges and Employers in 2020 found that 70% of the more than 540 interns surveyed said they'd landed an internship through cold outreach.</p><p>But how do you break the ice and make cold outreach feel, well, not quite so cold? Insider asked a top venture capitalist who got her start as an intern at JPMorgan Chase — and used effective email networking with people she didn't already know to help her get the gig in the first place.</p><p>It took about 150 emails in all, according to Amy Cheetham, a partner at Costanoa Ventures, an early-stage investment firm based in Palo Alto, California. Along the way, she learned important lessons about how to get a foot in the door on Wall Street if you don't already have a Rolodex of industry contacts.</p><h2><a href="https://www.businessinsider.com/use-cold-emailing-land-job-internship-wall-street-vc-2020-7"><strong>How to use cold emails to land a gig working on Wall Street, according to a JPMorgan banking analyst turned VC who did it herself</strong></a></h2><p><em>Disclosure: KKR is a large shareholder in Axel Springer, which owns Business Insider.</em></p>

Wall Street Internship Checklist: How to land a competitive 2023 summer internship in investment banking, trading, or asset management

<p>Good morning and welcome to <keyword id="11420569" type="UNKNOWN" weightage="60" keywordseo="insider-finance">Insider Finance</keyword>. I'm Dan DeFrancesco, and here's what's on the agenda today:</p><ul><li>We mapped out the key investors who are leading <keyword id="42111" type="COMPANY" weightage="60" keywordseo="Wall-Street">Wall Street</keyword>'s push into the <a href="https://www.businessinsider.com/investors-banks-pension-funds-sovereign-wealth-buying-american-homes-sfr-2021-7">single-family-rental sector</a>. </li><li>Meet the top private-equity investors <a href="https://www.businessinsider.com/top-private-equity-investors-in-hollywood-entertainment-2021-7">focused on Hollywood</a>. </li><li>A KKR talent exec details how PE firms <a href="https://www.businessinsider.com/kkr-recruiting-college-campus-private-equity-changed-covid-hiring-analysts-2021-7">aren't just hiring</a> from "core" schools.</li></ul><p><a style="font-weight: bold;" href="http://newsletter.businessinsider.com/join/4np/insider-finance">If you're not yet a subscriber, you can sign up here to get your daily dose of the stories dominating banking, business, and big deals.</a></p><p>Like the <keyword id="621414" type="PERSON" weightage="60" keywordseo="Newsletter">newsletter</keyword>? Hate the newsletter? Feel free to drop me a line at <a href="mailto:ddefrancesco@businessinsider.com">ddefrancesco@businessinsider.com</a> or on Twitter <a href="https://twitter.com/dandefrancesco">@DanDeFrancesco</a>. </p><p><strong><a href="https://www.businessinsider.com/investors-banks-pension-funds-sovereign-wealth-buying-american-homes-sfr-2021-7">Meet the slew of investors hosing up homes and buying up America's suburbs</a></strong></p><p><a href="https://www.businessinsider.com/investors-banks-pension-funds-sovereign-wealth-buying-american-homes-sfr-2021-7"><div type="image" title="suburbs" height="1852" width="2469" msid="84581506" hostid="261"></div></a></p><p>Here are the major players piling into the booming single-family-rental sector.</p><p><a href="https://www.businessinsider.com/investors-banks-pension-funds-sovereign-wealth-buying-american-homes-sfr-2021-7">Click here to see the entire list.</a></p><p><strong><a href="https://www.businessinsider.com/top-private-equity-investors-in-hollywood-entertainment-2021-7">Meet 13 private equity investors betting big on Hollywood and backing hits from 'Knives Out' to 'Mare of Easttown.'</a></strong></p><p><a href="https://www.businessinsider.com/top-private-equity-investors-in-hollywood-entertainment-2021-7"></a></p><p>From Apollo to Zelnick, these 13 private equity players are betting billions on Hollywood. <a href="https://www.businessinsider.com/top-private-equity-investors-in-hollywood-entertainment-2021-7">Read the entire list here</a>.</p><p><strong><a href="https://www.businessinsider.com/profile-michaela-edwards-portfolio-manager-at-jeff-skolls-capricorn-2021-7">Michaela Edwards left a high-profile portfolio manager job to run money for eBay billionaire Jeff Skoll. Here's what she learned about the 'quirky' world of family offices.</a></strong></p><p><a href="https://www.businessinsider.com/profile-michaela-edwards-portfolio-manager-at-jeff-skolls-capricorn-2021-7"> <div type="image" title="Michaela Edwards, partner and portfolio manager at Capricorn Investment Group." height="600" width="800" msid="84581508" hostid="261"></div></a></p><p>Michaela Edwards is partner and portfolio manager at $8 billion Capricorn Investment Group, which was initially founded as the family office for Jeffrey Skoll and the Skoll Foundation. <a href="https://www.businessinsider.com/profile-michaela-edwards-portfolio-manager-at-jeff-skolls-capricorn-2021-7">Read more here</a>.</p><p><strong><a href="https://www.businessinsider.com/kkr-recruiting-college-campus-private-equity-changed-covid-hiring-analysts-2021-7">A KKR talent exec says the private-equity firm's college recruiting is expanding beyond core target schools</a></strong></p><p><a href="https://www.businessinsider.com/kkr-recruiting-college-campus-private-equity-changed-covid-hiring-analysts-2021-7"><div type="image" title="Grace Koo is KKR's head of talent acquisition." height="450" width="600" msid="84581510" hostid="261"></div></a></p><p>KKR's Grace Koo said the firm is pivoting away from hiring only from "core" schools. <a href="https://www.businessinsider.com/kkr-recruiting-college-campus-private-equity-changed-covid-hiring-analysts-2021-7">Here's what else she said</a>.</p><p><strong><a href="https://www.businessinsider.com/how-brands-are-impacted-by-tiktoks-new-influencer-marketing-rules-2021-7">TikTok has banned fintech and other categories from influencer campaigns. But there are workarounds brands are using.</a></strong></p><p><a href="https://www.businessinsider.com/how-brands-are-impacted-by-tiktoks-new-influencer-marketing-rules-2021-7"><div type="image" title="TikTok stocks" height="3333" width="4444" msid="84581513" hostid="261"></div></a></p><p>Marketers say TikTok's new policies are meant to protect the app's younger users from bad actors. <a href="https://www.businessinsider.com/how-brands-are-impacted-by-tiktoks-new-influencer-marketing-rules-2021-7">Here's what else we know</a>.</p><p><strong><a href="https://www.businessinsider.com/wall-street-responds-with-cash-bonuses-as-banker-burnout-mounts-2021-3">The Wall Street pay-hike frenzy is going into overdrive. 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(Insider)</a></p><p><a href="https://www.wsj.com/articles/ackman-spac-decides-against-buying-10-stake-in-universal-music-group-11626678453?mod=djemalertNEWS">Bill Ackman Drops SPAC Plan for Universal Music Deal (WSJ)</a></p><p><a href="https://www.barrons.com/articles/bank-of-america-merrill-lynch-client-referrals-lawsuit-nonsolicitation-51626456208">Inside Merrill's Fight With Advisors to Keep 44 Clients (Barron's)</a></p><p><a href="https://www.wsj.com/articles/accountants-lawmakers-urge-rules-on-crypto-accounting-11626687002">Accountants, Lawmakers Urge Rules on Crypto Accounting (WSJ)</a></p><p><a href="https://www.theblockcrypto.com/post/111833/jpmorgan-is-on-a-blockchain-hiring-spree">JPMorgan is on a blockchain hiring spree (The Block)</a></p>

Wall Street backs the burbs

<ul><li> The nearly 6% rally in RIL shares accounted for almost all of Nifty’s gains on May 28.</li><li>For the week, RIL has gained over 5.7%, making this the fourth best week for its investors this year. </li><li>The stock has seen gains of over 6% thrice before this ⁠— in January, February and April, 2021.</li><li>Overall, the stock has remained in a narrow ₹300 band since November last year.</li></ul><keyword id="3820" type="PERSON" weightage="20" keywordseo="Mukesh-Ambani">Mukesh Ambani</keyword>’s promise of transforming <keyword id="6355199" type="ORGANIZATION" weightage="20" keywordseo="reliance-industries">Reliance Industries</keyword> (RIL) from an energy giant to a technology-driven consumer enterprise had the street eating out of his hands last year. The excitement sobered down along with the lull, post the flurry of investments. <br /><br />However, the shares of RIL are getting hot again as some of the promises move closer to reality. The nearly 6% intraday rally in the shares of India’s biggest conglomerate, which has interests in everything from oil and gas to telecom to retail, is the most significant move in the stock in the last 2 months. <br /><br />The surge in RIL shares has been so strong that it accounts for nearly all the gains on the benchmark index, Nifty, as of 1 pm (May 28). Compared to the last week, it is up by over 2%. In comparison, RIL is up by 5.7%.<br /><br />            <div type="image" title="RIL 31_03_21 to 28_05_21." msid="83031994" hostid="261" caption="&amp;lt;p&amp;gt;RIL share price&amp;lt;/p&amp;gt;"></div><br />However, investors will do well to remember that this is still within the range of ₹1,900 to ₹2,200 that RIL has shuttled between since November last year.<br /><br />A Bank of America Global Securities report dated May 19, 2021 suggests that RIL is in the driver’s seat when it comes to telecom, retail and digital fronts. “Overall, we find RIL well placed in its consumer business: telco, retail &amp; digital to benefit in coming years as it gains traction with improving scale,” the report stated. <br /><br />This is the fourth time the stock of Reliance has seen a weekly gain of over 4% this year. <br /><br /><table style="border-width: initial; border-style: none; table-layout: fixed; width: 468pt;"></colgroup></colgroup><tbody><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Period<br /><br /></td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Gains in RIL share price<br /><br /></td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Week ending January 15, 2021<br /><br /></td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">7.08%<br /><br /></td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Week ending February 5, 2021<br /><br /></td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">6.83%<br /><br /></td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Week ending April 23, 2021<br /><br /></td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">6.17%<br /><br /></td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Week ending May 28, 2021<br /><br /></td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">5.71%<br /><br /></td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Week ending May 14, 2021<br /><br /></td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">3.78%<br /><br /></td></tr></tbody></table><em>Source: BSE</em><br /><br /><cmsannotation type="cmsannotation" annotationid="Google to partner with Reliance Jio for low-cost smartphones" comment="subhead" text="Google to partner with Reliance Jio for low-cost smartphones"><span data-til="noop">Google to partner with Reliance Jio for low-cost smartphones</span></cmsannotation><br /><br />One of the triggers behind the massive surge in RIL’s share price could be news of the partnership with tech giant Google for a low-cost Jio smartphone.<br /><br />According to a <a href="https://www.financialexpress.com/industry/technology/google-reliance-jio-working-closely-to-launch-affordable-smartphone-in-india-sundar-pichai/2260038/">PTI report</a>, Google Chief Executive Officer (CEO) Sundar Pichai said that they have started working on the low-cost Jio smartphone.<br /><br />In July last year, <a href="https://www.businessinsider.in/business/news/google-picks-up-a-7-7-stake-in-mukesh-ambani-jio-for-33737-crore/articleshow/76977043.cms">Google picked up a 7.7% stake</a> in Jio Platforms for ₹33,737 crore. The two have come together for <a href="https://www.businessinsider.in/business/corporates/news/checkout-mukesh-ambani-reliance-industries-annual-general-meeting-highlights/articleshow/76976243.cms">Jio’s “2G-<em>mukt Bharat”</em></a> (2G-free India) initiative, wherein Google will help Jio build a low-cost smartphone, presumably based on either Android or Kai operating system<br /><br /><cmsannotation type="cmsannotation" annotationid="Jio Platforms, Infibeam apply for NUE licence" comment="subhead" text="Jio Platforms, Infibeam apply for NUE licence"><span data-til="noop">Jio Platforms, Infibeam apply for NUE licence</span></cmsannotation><br /><br />Reliance’s digital services arm Jio Platforms and Infibeam have signed an agreement and applied for a New Umbrella Entity (NUE) licence, according to the latter.<br /><br />If approved, this would allow Jio and Infibeam to roll out a payments platform. This platform would be a for-profit one, and allows the licence holder to charge for transactions.<br /><br /><cmsannotation type="cmsannotation" annotationid="Another possible contributor to RIL rally" comment="subhead" text="Another possible contributor to RIL rally"><span data-til="noop">Another possible contributor to RIL rally</span></cmsannotation><br /><br />            <div type="image" title="Balaji Telefilms 31_03_21 to 28_05_21." msid="83032017" hostid="261" caption="&amp;lt;p&amp;gt;Balaji Telefilms share price&amp;lt;/p&amp;gt;"></div><br />Balaji Telefilms, a quarter of which is owned by Ambani’s Reliance, has also gained over 20% since May 19.<br /><br /><strong>SEE ALSO:<br /><br /><a href="https://www.businessinsider.in/business/startups/news/softbank-backed-paytm-pivots-to-a-3-billion-ipo-plan-a-year-into-the-pandemic-it-could-be-the-largest-market-debut-in-india/articleshow/83000446.cms">Softbank-backed Paytm fast tracks IPO plan a year into the pandemic ⁠— a $3 billion fundraising could be the biggest market debut in India</a><br /><br /><a href="https://www.businessinsider.in/meet-anjali-sud-vimeos-ceo-who-used-to-market-diapers-and-got-rejected-from-every-big-investment-bank/articleshow/68319301.cms">Meet Anjali Sud, the Indian-origin CEO of Vimeo who took the video-streaming platform public</a><br /><br /></strong><a href="https://www.businessinsider.in/business/news/indias-micro-blogging-app-koo-raises-30-million-by-tiger-global/articleshow/82965589.cms"><strong>India's micro-blogging app Koo raises $30 million led by Tiger Global</strong></a><br />

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Wall Street backs the burbs

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