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Wipro launches dedicated AI-native business and platforms unit amid a leadership shuffleWipro has launched a new AI-Native Business and Platforms unit. Nagendra Bandaru will lead this new division. Kanwar Singh, formerly of Acc...- Explained: Why BlackRock stock tanked 7% after curbing withdrawals from flagship fundBlackRock shares fell sharply after the asset manager restricted withdrawals from its flagship private credit fund, HLEND, following a surg...
- BlackRock fund limits withdrawals as redemptions rattle private creditBlackRock has restricted withdrawals from a major debt fund. This action follows a surge in redemption requests. Investor worries are growi...
- Indian origin CEO Bankim Brahmbhatt is at the heart of BlackRock’s $500 million 'breathtaking' fraud: Who is he and where is he now?Bankim Brahmbhatt, CEO of Broadband Telecom and Bridgevoice, faces accusations of a massive loan fraud. He allegedly created fake customer ...
- Credit crisis in America: Mohamed El-Erian's valuable advice to investorsEconomist Mohamed El-Erian warned investors about growing credit risks in America after reports of a big loan fraud case linked to BlackRoc...
- BlackRock pauses fundraising for latest Asia private credit fundBlackRock paused fundraising for its third Asia-Pacific private credit fund following its merger with HPS Investment Partners, adding uncer...
- BlackRock CEO Larry Fink suggests shifting from 60/40 to 50/30/20 investment model for adequate diversificationBlackRock CEO Larry Fink has proposed a shift from the traditional 60/40 investment portfolio, suggesting a 50/30/20 model—50 per cent stoc...
- BlackRock assets hit record $11.6 trillion in fourth quarter of 2024BlackRock's assets hit a record high of $11.6 trillion in Q4 2024, boosting its profit by 21%. The asset manager saw impressive net inflows...
- BlackRock to buy HPS Investment for $12 bn in major private credit pushBlackRock plans to acquire HPS Investment Partners for about $12 billion in an all-stock deal to expand its presence in the burgeoning priv...
- Byju’s bankruptcy ruling in US catches Indian official off guardThe decision, made at a Tuesday hearing in Delaware, will lead to involuntary Chapter 11 bankruptcy of units including Neuron Fuel Inc., Ep...
- Byju’s lenders petition to put subsidiaries in bankruptcy in the USCreditors led by HPS Investment Partners filed involuntary Chapter 11 cases in Delaware against Neuron Fuel Inc., Epic! Creations Inc. and ...
- Authentic Brands raises $500 million in funding from General AtlanticAuthentic did not disclose the valuation at which the latest funds were raised, but a report from Bloomberg News earlier said the round val...
- HPS, Oaktree among firms pitching deals for trapped SVB depositsHedge funds are offering to buy the deposits of startups at discounts of between 60 cents to 75 cents on the dollar. Others are offering li...
- Citigroup in talks to recoup errant $500 mln Revlon loan paymentIn a Thursday filing in Manhattan federal court, lawyers for the bank and the lenders said they have been discussing a "consensual resoluti...
- Citi’s $900-million ‘clerical error’ is worst Wall Street bungle in a long timeThe "clerical error" has plunged the bank into a battle between the Perelman empire and a corps of sharp-edged investment funds that have b...
- Global brokerage firms downgrade Wipro post Q4 results; here's whyWipro posted Q4 results with revenue of $1,882 million, up 2.7% QoQ in constant currency terms, compared with the guided revenue growth ban...
- With the right ownership and strategy, Mphasis can move up from the sub-billion to the multi-billion tech giant: Amit DixitWe have a positive inclination towards IT sector. Within the sector, Mphasis is a specialist player in Banking & Financial Services with ma...
- Hewlett-Packard to invest over $1 billion in Cloud products and platformsCloud is one of the fastest growing businesses for HP globally. It already has over 2000 cloud customers across the world.
- Dell to sweeten 3Par bid offerDell had agreed to pay about $1.15 billion. It couldn’t be determined how much Dell planned to boost its price.
- HP to roll out customised productsHewlett-Packard (HP), India's largest PC vendor by market share, has decided to micro segment the Indian notebook market to roll out produc...
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