Argentina Raises Interest Rates to 97% to Tackle 100% Inflation
Argentina’s Central Bank hiked its benchmark interest rate by six percentage points on Monday, to 97%, in a bid to combat surging inflation, which has...
Author : Chinmay Bohra
Significant Changes in Investor George Soros’s Fund, Sells Entire Tesla Stake
Billionaire investor George Soros’s fund, Soros Fund Management, has significantly changed its investment portfolio, including a complete cash-out on its stake in Tesla. According to...
Apax Funds to Buy Stake in SaaS firm IBS Software Worth $450 Million from Blackstone
Apax Funds, a global private equity firm, has agreed to purchase a significant stake in IBS Software, a Kerala-based software-as-a-service (SaaS) provider in the travel...
Once valued at $6 billion, Vice Media Files for Bankruptcy, Lenders to Buy it for Just $225 Million
Vice Media Group has filed for bankruptcy and reached an agreement with its lenders to be purchased for $225 million. This represents just 4% of...
Founders of Goldman-backed ZestMoney Resign After Acquisition Deal with PhonePe Fails
Founders of Bengaluru-based ZestMoney, a Buy Now Pay Later (BNPL) startup backed by Goldman Sachs, resigned on May 15 after it failed to raise fresh...
Cricket Legend Sachin Tendulkar Picks up Undisclosed Stake in AZAD Engineering
According to a news statement issued by Hyderabad-based AZAD Engineering, a supplier of engineering and technology solutions for Global OEMs in the Clean Energy, Aerospace,...
Foxconn Breaks Ground for Rs 4,000 crore Electronics Manufacturing Facility in Telangana, Plant to Generate 25,000 Jobs
Foxconn, a Taiwanese contract manufacturer, has announced plans to invest Rs 4,000 crore in a new electronics manufacturing facility in Hyderabad, Telangana. The facility will...
MPOWER Financing Secured $150 Million Debt Funding from Goldman Sachs
MPOWER Financing, a Washington-based Fintech Firm, announced that it had secured a $150 million debt funding from Goldman Sachs to expand its growing portfolio of...
Gold Could Rise to New Record High if the US Defaults
As the debate over lifting the debt ceiling in the United States continues to create uncertainty, gold has emerged as an increasingly attractive investment option....
BSE Relaunches Sensex and Bankex Derivative Contracts, Changes Expiry Cycle, Lot Size
BSE relaunched derivative contracts of its benchmark indices, Sensex and Bankex, on Monday. The move was intended to boost derivative trading on the Exchange. With...