In 2000, Henry Kravis offered Joe Plumeri a job after a chance Paris meeting; the result made him Willis CEO despite limited experience in insurance and LondonJoe Plumeri’s unexpected Paris meeting with Henry Kravis in 2000 led to an opportunity to run Willis. After 32 years with Citigroup and its...
NSE pays 20 banks Rs 186 crore in fees for IPOThe National Stock Exchange paid ₹186 crore to 20 advisory banks for its $2.4 billion IPO. At 0.82% of the total issue, the fee structure r...
Pine Labs shares rise after Rs 934 crore block deal; Mastercard likely sells stakeMastercard Asia Pacific is approximately selling its entire Pine Labs stake. This block deal involves 49.7 million shares valued up to Rs 8...
Pine Labs block deal: Mastercard Asia may divest 4.3% equity worth Rs 892 croreMastercard Asia Pacific may sell up to 49.7 million Pine Labs shares, representing 4.3% of the fintech company, through a Rs 892.5 crore bl...
Jamie Dimon’s Life Advice: ““I made a lot of mistakes. I don’t want to echo the secret sauce. Admit your flaws quick...” — JPMorgan Chase CEO's masterclass in grit, humility, learning from failure and knowing when to change courseToday's life advice by Jamie Dimon, “I made a lot of mistakes... admit your flaws quick”, sets the tone for a candid view of success, failu...
Global Market: SoftBank launches $10 billion bonds to fund OpenAI investmentSoftBank Group is raising $11 billion through dollar- and euro-denominated bonds to fund its $10 billion investment in OpenAI, replacing br...
US Fed, BoE step up scrutiny of bank exposure to trading firms after Jane Street loss: ReportGlobal banks face inquiries from central banks regarding trading firm exposures. The Bank of England and Federal Reserve seek details on ri...
Softbank Group launches over $10 billion in bonds for OpenAI investment, term sheet showsThe dollar-denominated notes are split into 3-1/2-year, 5-1/2-year and 7-1/2-year tenors, while the euro-denominated bonds are split into 4...
Jane Street bets big on leveraged ETF swapsJane Street Group has entered the leveraged ETF swap market this year. They provided about $1.2 billion in swaps during the second quarter....
Trump will be at the airport to greet Xi when China's leader arrives for his US state visitChinese President Xi Jinping will visit Washington next week for high-stakes talks with US President Donald Trump. The Chinese leader's arr...
China's RoboTechnik to launch $800 million Hong Kong listing on September 21RoboTechnik, which is listed in Shenzhen, makes equipment for photovoltaic cell manufacturing and assembly and testing systems for silicon ...
Warren Buffett is passing the baton: 5 investment mantras the next generation can carry forwardWarren Buffett has stepped down as Berkshire Hathaway chairman and become chairman emeritus, with Howard Buffett taking the role. Greg Abel...
Kissht parent OnEMI board approves Rs 832 crore preferential issueKissht plans to issue up to 26.49 million equity shares at Rs 314.11 apiece to 34 investors in the non-promoter category, according to an e...
BofA hires Goldman's Srijith Nair to lead Asia ex-China financial institutions bankingBank of America has hired Srijith Nair from Goldman Sachs for key Asia roles. Nair will lead financial institutions group investment bankin...
India supplies Wall Street with CEOs but has a shortage at homeIndia’s biggest private banks are finding it increasingly difficult to identify executives with the breadth of experience needed to lead la...
NSE IPO: Everything investors need to know about the National Stock Exchange IPOThe National Stock Exchange is gearing up for a much-anticipated initial public offering after overcoming almost ten years of complex legal...
Axis Bank’s HQ hunt leaves 3,000 staff scattered across MumbaiAxis Bank plans to temporarily relocate staff across multiple Mumbai offices. The bank seeks a larger single office space for its employees...