State owned Union Bank of India has raised Rs 3000 crore through a qualified institutional placement (QIP) allowing the bank to deepen its capital and also reduce its government holding below the regulatory ceiling of 75%, multiple people aware of the details said. Demand was ten times the amount required as large local and overseas …
Opinions expressed by Entrepreneur contributors are their own. Numerous companies, ranging from Meta to Amazon and Blackrock, announced Labor Day as the key date in their return-to-office push this year — as they did in previous years. Numerous headlines spoke of “a post-Labor Day reset” and described how “Enough, Bosses Say: This Fall, It Really …
WeWork, the flexible office space startup, co-founded by Adam Neumann and bankrolled by SoftBank, BlackRock, and Goldman Sachs, has filed for Chapter 11 bankruptcy protection in the US. The company, which reached its peak valuation of $47 billion and raised over $22 billion, has listed its assets at over $15 billion in a petition filed …
Blackstone, the world’s largest private equity firm, has initiated discussions with the Walt Disney Co to evaluate buying the media giant’s India streaming and television business, said people aware of the matter. The senior India leadership of both companies have held multiple meetings in recent weeks. Blackstone is exploring either buying the business partially — …
In the decades that followed, ordinary investors evened the score. They poured money into low-cost index funds, which passively track a market benchmark, and shunned the fee-charging stockpicker. BlackRock and Vanguard, two index-fund providers, oversee $8trn-9trn in assets apiece. In 2019 the volume of passively managed assets in America eclipsed those overseen by active funds …
For the first time since the Federal Reserve started raising interest rates almost 18 months ago, the labor market is showing enough cracks to embolden some of the world’s largest bond investors to bet that the tightening cycle is finally ending. A spate of slowing employment metrics this week, crowned by Friday’s August payrolls report, …