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Fintech firm Ramp's valuation surges to $44 billion on AI-driven growthFintech firm Ramp secured $750 million in funding, valuing the company at $44 billion. This significant jump highlights investor confidence...- TikTok billionaire overtakes Mukesh Ambani as Asia’s second-richest personZhang’s net worth climbed to $92.8 billion, cementing his position as China’s richest person, according to the Bloomberg Billionaires Index...
- Quote of the day by T. Rowe Price: "Detecting with a high degree of accuracy when the long-term earnings growth of a company has ceased is difficult because no mathematical formula can be applied to determine when the change from growth to maturity or decadence occurs."Identifying when a company's growth story begins to fade is a significant challenge for investors. While financial models offer insights, q...
- Anthropic nears $1 trillion valuation, zooms past OpenAI after latest funding roundThe company’s valuation has more than doubled from $380 billion in February, reflecting its swift rise as a leading competitor in the AI ra...
- Kyle Su's Kuark Capital launches $400 million Asia tech-focused hedge fundKuark Capital is launching a new hedge fund. It has raised over $400 million. The fund will focus on Asian artificial intelligence stocks. ...
- August Jobs Report Today — will Wall Street soar or sink?August jobs report lands today with Wall Street on edge. After weeks of weak hiring data, rising jobless claims, and the worst August layof...
- Amazon discloses 20% stake in EV maker RivianFord Motor Co, which has a strategic relationship with Rivian, removed a representative from the startup's board earlier this month. At the...
- Canva's valuation more than doubles to $40 billion in latest funding roundThe Australian company, which allows users to make posters, social media graphics, presentations and more by providing presets and template...
- Reflation rethink sends bond markets into a spinPrices on US 10-year Treasuries have shot up, pushing yields down 8 basis points on Tuesday in their second biggest daily drop of 2021. The...
- Paytm in funding talks with Microsoft to build war chestThe proposed fund raise, which may amount to around $100 million (Rs 760 crore), is likely to be an extension of a planned $1-billion (Rs 7...
- Leo Puri’s future as chief of UTI AMC uncertainAs LIC & three PSBs prepare to pick new CEO, T Rowe Price asks Sebi to intervene.
- Carlyle to sell its 33% holding in PNB Housing FinancePNB Housing Finance, which listed in Mumbai in November 2016 after a Rs 3,000-crore initial public offer, has seen its market value almost ...
- Carlyle to sell 10% stake in PNB Housing FinanceThe listed mortgage lender has a market capitalisation of Rs 22,242 crore.
- Niravgate: PNB can’t sell housing finance stake just yet“PNB cannot sell the entire stake in the listed mortgage company because of the lock-in until November 7, 2019,” said a source aware of the...
- Avenue Supermarts IPO subscribed over 100 times; issue closes todayThe quota for QIBs was subscribed about 101 times, non-institutional Investors (NIIs) by 192 and retail individual investors (RIIs) by 6 ti...
- Avenue Supermarts IPO subscribed 2.5 times; QIB demand strongData available with stock exchanges showed that the issue had received 11.31 crore bids, which was higher than 4.43 crore shares on the blo...
- Tata-Mistry battle leaves investors painfully splitA senior Tata official says the group had no issues with individual company boards or their strategies. “We have a problem with just this i...
- Indian companies not adhering to environment guidelines could be snubbed by global investorsA growing number of companies globally are recognising that sustainable business practices are a critical factor in generating long-term fi...
- PSUs may soon get nod to invest in private mutual fundsFinance Ministry may lift the restrictions on PSUs to invest in mutual funds floated by privately-held asset management companies.
- Morgan Stanley buys shares of Info Edge worth Rs 24 crForeign fund house Morgan Stanley Mauritius has bought shares of Info Edge, which owns leading job portal naukri.com, worth Rs 24.25 crore,...
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