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AI coding startup Cognition raises $1 billion at $26 billion valueAI startup Cognition has secured over one billion dollars in a new funding round. This brings its valuation to a massive twenty-six billion...- In 1981, Michael Bloomberg Was Fired from Salomon Brothers: His Severance Funded the Creation of Bloomberg L.P.Michael Bloomberg faced a career disruption at Salomon Brothers. This unexpected event, combined with his deep financial knowledge, became ...
- Svatantra Microfin said to prepare for $250 million India IPOSvatantra Microfin, backed by Advent International, is preparing for an initial public offering that could raise up to $250 million. The mi...
- Michael Bloomberg outlines succession plan for media empireMichael Bloomberg co-founded Bloomberg LP in 1981, and as a philanthropist has donated millions of dollars towards his campaign aiming to s...
- Elon Musk buys job tool Laskie in first acquisition for TwitterThe company matches tech talent with potential employers, saying on its website that its tool can “confirm mutual interest, set clear expec...
- Media mogul Michael Bloomberg looking to buy Dow Jones or Washington Post: AxiosSuch a merger would create a financial data and news giant, further firming up the world's 12th-richest man's strong hold on the business a...
- China's regulators vow 'special' oversight of fintech giants, including Ma's Ant GroupAdvances in technology have brought tremendous change to the financial sector, Guo Shuqing, chairman of the China Banking and Insurance Reg...
- Bitcoin’s rebound puts $20,000 level in sight as next big testBitcoin was trading at about $19,410 as of 3:40 p.m. in Tokyo. The broader Bloomberg Galaxy Crypto Index, which has more than tripled this ...
- China's ByteDance seeks $60 billion TikTok valuation as Oracle and Walmart prepare to buy inOracle will take a 12.5% stake in TikTok Global and store all its U.S. user data on its cloud to comply with U.S. national security require...
- Shadow banks are riding out the crisis while virus ravages IndiaThe central bank is propping up the industry, announcing some 100 billion rupees ($1.36 billion) of special liquidity last month to organiz...
- After HDFC, People's Bank of China invested in these bluechips last fiscalAt the end of March 2020, PBOC held around Rs 4,418 crore worth of stakes in HDFC, Asian Paints and Ambuja Cements.
- Nikkei ends lower ahead of earnings rush, Mitsubishi Motors slumpsThe Nikkei share index fell 0.26% to 22,657.38, while the broader Topix lost 0.48% to 1,569.12.
- DHL temporarily suspends Chinese import shipments to IndiaAnother prominent freight transporter FedEx Corp has also suspended shipments, according to a BloomberQuint report, adding that the company...
- Oil prices rise on faith in supply cuts, demand recoveryU.S. West Texas Intermediate (WTI) crude futures climbed 23 cents, or 0.6%, to $39.07 a barrel at 0209 GMT, while Brent crude futures rose ...
- European stock rally takes step back as tech, healthcare dragThe pan-European STOXX 600 declined 0.4%, as investors moved out of expensive names, while bidding up laggards such as banking, auto and oi...
- Unlock 1.0 may have set stocks on fire, but beneficiaries are fewConsumption indicators have showed signs of modest improvement in May.
- I&B ministry had cited security report to reject Raghav Bahl’s application for TV channelThe funding patterns of the company need to be studied in detail before an approval was given.
- Crypto wipeout deepens to $640 billion as ether leads declinesEther has tumbled on concern that blockchain-related firms are cashing out of the cryptocurrency.
- Construction companies on a firm footing deliver big returnsBased on FY18 financials, these companies have debt-equity ratio between one and two.
- Bloomberg hires Time deputy to lead BusinessWeekBloomberg LP says that it is hiring Time magazine deputy managing editor Josh Tyrangiel to become the editor of BusinessWeek when it takes ...
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