Traveling ,Gardening & Finance
Traveling ,Gardening & Finance
Farhan Akhtar’s Excel Entertainment Pvt. Ltd. has sold a minority stake to Universal Music Group NV’s India unit, in a deal that pegs the valuation of the production company more than that of Karan Johar’s Dharma Productions. Founded by childhood friends and moviemakers Ritesh Sidhwani (left) and Farhan Akhtar in 1999, Excel Entertainment produced its […]
HDFC Bank has got the Reserve Bank’s nod to hike its stakes in another private sector lender, IndusInd Bank, up to 9.5 per cent. The RBI approval has been granted with reference to the application made by HDFC Bank (Representative image/REUTERS) “We would like to inform you that the Reserve Bank of India (RBI) vide […]
IndusInd Bank Ltd. on Tuesday said that the Reserve Bank of India has approved HDFC Bank to acquire up to a 9.50% stake in the smaller private lender. IndusInd reported its largest-ever quarterly loss in the three months ended March 31. (Mint) The Reserve Bank of India has mandated that HDFC Bank acquire a major […]
Sankey Prasad, a real estate entrepreneur and advisor, has acquired 100% ownership of the Colliers Project Leaders (CPL) business in the Middle East. With this acquisition, he assumes the role of chairman of the newly-independent entity, sources said. It is in advanced-stage discussions with a leading global private equity firm for a strategic partnership, signalling […]
A hedge fund of Peter Thiel, the first outside investor in Facebook and leader of the “PayPal Mafia”, has sold off all its holdings in Nvidia Corp., amid rising concerns of an AI bubble. Peter Thiel, the first outside investor in Facebook and leader of the “PayPal Mafia”. (Reuters) Thiel Macro LLC offloaded its entire […]
SoftBank Group Corp. sold its entire stake in Nvidia Corp., pocketing $5.8 billion ahead of a rash of planned investments by founder Masayoshi Son to build his own sphere of influence supporting artificial intelligence. SoftBank CEO Masayoshi Son. (Reuters) The Tokyo-based company had raised its stake in Nvidia to about $3 billion by the end […]
Mahindra & Mahindra Ltd. has sold its entire 3.5% stake in RBL Bank Ltd. at 62.5% gain, ahead of an open offer by Dubai’s Emirates NBD to acquire a majority stake in the private lender. RBL Bank’s stake sale to Emirates NBD is seen as the biggest foreign investment in India’s financial services sector. (Livemint) […]
Nvidia Corp. has decided to make a billion-dollar investment in Nokia Oyj, as the world’s most-valued company looks to spread its AI net far and wide. Nvidia CEO Jensen Huang. (AFP) The Finnish telecom hardware maker will issue 166,389,351 new shares to the American AI chipmaker for $6.01 apiece, according to a statement on Tuesday […]
Dubai’s Emirates NBD Bank PJSC has agreed to buy 60% stake in RBL Bank Ltd., in what is seen as the biggest foreign investment in India’s financial services sector. RBL Bank’s stake sale to Emirates NBD is seen as the biggest foreign investment in India’s financial services sector. (Livemint) The middle-eastern bank will invest ₹26,853 […]
(Bloomberg) — Blackstone Inc. has agreed to sell a portfolio of UK warehouses valued at £1 billion ($1.3 billion) to Tritax Big Box REIT Plc in a deal that will hand the alternative asset manager a stake in the landlord. Blackstone Inc. has agreed to sell a portfolio of UK warehouses valued at £1 billion […]
