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2 mins read

Deal with Disney marks new era in India's entertainment industry, says Mukesh Ambani

Welcoming Disney to the Reliance family, Ambani said just like Jio and the Retail business, the exp…

PTI   


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5 mins read

Saudi Arabia is on a high-stakes mission to buy the world

The Kingdom's sovereign wealth fund has risen in prominence as it has invested in everything from U…

Hasan Chowdhury   


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1 min read

JD.com plummets after Walmart sells its $3.6 billion stake in the Chinese retailer

Walmart acquired a 5% stake in JD.com in 2016 when it was seeking to level up its retail business i…

Matthew Fox   


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3 mins read

Time to push divestment of state-owned banks, says SBI report

With regard to the privatisation of IDBI Bank, it said the government and Life Insurance Corporatio…

PTI   


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4 mins read

Hindenburg alleges Sebi head Madhabi Buch had stakes in obscure offshore funds used in Adani scandal

Citing "whistleblower documents", it said, "Madhabi Buch, the current chairperson Of SEBI, and …

PTI   


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1 min read

Read JD Vance's financial disclosure, which includes at least $4 million in total assets and $250,000 in bitcoin

JD Vance's net worth easily totals into the millions, following a bestselling book and a stint in v…

Brent D. Griffiths   


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1 min read

Airbus agrees to pay $1 for Spirit AeroSystems assets in deal sparked by Boeing 737 Max blowout

Airbus said it would also receive $559 million in compensation from Spirit AeroSystems. Boeing is b…

Pete Syme   


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2 mins read

An activist investor with a new $1.9 billion stake in Southwest is calling for big changes at the airline

Southwest touts itself as the "LUV" airline, with free checked bags and no change fees. An activist…

Taylor Rains   


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1 min read

Warren Buffett's company reveals its mystery bet is a nearly $7 billion stake in insurance giant Chubb

Warren Buffett's Berkshire Hathaway built a 6.4% stake in Chubb in under nine months, and also slas…

Theron Mohamed   


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3 mins read

Paramount Global to sell 13% stake in Indian TV business to Reliance Industries for ₹4,286 cr

Paramount Global has agreed to sell its 13 per cent stake in its Indian TV business to Reliance In…

PTI   


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HDFC Bank gains 1.5% after LIC gets nod to raise stake

HDFC Bank opened in the green on Monday morning, after LIC received a nod from the government to ra…

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360 ONE takes controlling stake in Mumbai Angels; two new funds announced

Wealth and asset management firm 360 ONE (previously IIFL Wealth & Asset Management) on Wednesday s…

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3 mins read

Ethereum is no longer the second most preferred proof-of-stake network for miners

Ethereum is expected to fully move to the proof-of-stake system later this year. The Ethereum netwo…

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3 mins read

Have foreign assets or income? Not disclosing it may lead to heavy penalties

Recently, the IT Appellate Tribunal of Mumbai imposed a penalty of ₹10 lakh per year on taxpayers w…

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2 mins read

Vedanta says talks of stake sale 'untrue and baseless'

Vedanta Ltd on Thursday termed any talks of sale in oil-to-metals conglomerate as "untrue and basel…

PTI   


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1 min read

FTX is set to begin selling $744 million of assets to pay back creditors of the failed crypto exchange

With Sam Bankman-Fried in jail, the failed crypto exchange just won approval to begin offloading it…

Phil Rosen   


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2 mins read

Aditya Parekh’s Faering Capital picks up stake in Vastu Housing Finance

Vastu Housing Finance has closed a fund raise from Faering Capital, founded by Aditya Parekh and Sa…

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1 min read

Tata Motors to acquire 26.79% stake in Freight Tiger for Rs 150 crore

Tata Motors on Thursday said it has inked a pact to acquire a 26.79 per cent stake in digital platf…

PTI   


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Jubilant Foodworks plans to acquire additional 51.16% stake in DP Eurasia for up to Rs 670 cr

JFN proposes to acquire, through any permissible mode including open offer, market purchase, th…

PTI   


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5 mins read

Proof of Stake: A process used to validate crypto transactions through staking

Proof-of-Stake is a consensus mechanism that works by validator nodes committing a stake of tokens …

Brian Nibley