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Weekend wrap: Nvidia’s AI-driven surge, Indian banks’ steady growth and more

Nvidia has become the world's largest company amidst an AI boom, surpassing Apple. Meanwhile, the U…

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Consumer goods, auto and healthcare sector to expand but energy may face challenge in 2025: Report

Geopolitical tensions will challenge the energy sector through 2025, but investments in renewable e…

ANI   


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A Nevada mayor is battling one of the worst housing shortages in the US. Her solution: looser construction regulation.

Nevada is one of the most unaffordable places in the country. The mayor of Reno says cities need to…

Eliza Relman   


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Your nest egg is private-equity giant Apollo's 'single biggest opportunity' for growth

Apollo CEO Marc Rowan on Tuesday explained how guaranteeing income for life and 401(k)s stand to be…

Alex Nicoll   


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Looser regulation would allow business-led growth to relieve the 'massive' deficit burden, BlackRock chief Larry Fink says

"We can do so much as a country right now. But we're inhibited by our controls," BlackRock CEO Larr…

Filip De Mott   


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300-year-old Bandra village to get facelift to conserve its glorious past

Ranwar village in Bandra, Mumbai, has been able to maintain its old-world charm amidst rapid urban …

PTI   


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Laila Maidan   


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AI companies are in a state of anxiety as California tries to both develop and regulate the tech

California wants to hold onto its lead in the AI arms race and regulate it at the same time. A prop…

Lakshmi Varanasi   


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The SEC is reportedly weighing stricter rules to rein in the wild projections made by SPACs as the blank-check craze slows

The US regulator is considering new guidance to curb growth projections made by listed special-purp…

Emily Graffeo   


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Gold loan market projected to double in 5 years to Rs 14.19 lakh crore, says PwC India's report

Lenders are also expected to implement cost optimisation initiatives that will help drive up the bo…

PTI   


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Two entities upgraded for every downgrade in FY24, hospitality sector records 23 upgrades: ICRA

The fiscal year of FY24 continued the ‘upgrade momentum’ that was set into motion in FY22, said the…

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Donald Trump's media company lays off some employees while waiting for regulators to approve SPAC merger, report says

The company behind Donald Trump's Truth Social has laid off around half a dozen staff, including se…

Kate Duffy   


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Top SPAC issuer Citigroup will reportedly halt blank-check IPOs after the SEC signals tougher stance

The top SPAC underwriter of 2021 is pausing its SPAC deals amid new rules proposed by the SEC, Bloo…

Phil Rosen   


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Shapoorji Pallonji’s Afcons Infra files DRHP for ₹7,000 crore IPO

Shapoorji Pallonji group’s construction company, Afcons Infrastructure, filed a DRHP with the marke…

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SEC chief Gary Gensler says he's asked staff to propose tougher SPAC rules so that investors aren't sucked in by hype

"The investing public may not be getting like protections between traditional IPOs and SPACs," Secu…

Shalini Nagarajan   


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Goldman Sachs is exiting work on most SPACs because of liability concerns as regulators tighten guidelines, report says

The investment bank may change course if the SEC scales back its SPAC oversight guidelines, Bloombe…

Carla Mozée   


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'SPAC King' Chamath Palihapitiya says blank-check companies need more oversight and regulation

"It is time to improve the regulations around the SPAC ecosystem with clear and rigorously enforced…

Will Daniel   


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The SPAC boom has become a 'mania' and sponsors should be more tethered to growth projections, former NYSE President Tom Farley says

Former NYSE President Tom Farley said SPACs have become a "mania" and valuations are "untethered fr…

Will Daniel