Kotak Investment Advisors Limited (KIAL) on Tuesday announced that the company has secured an anchor investment of $500 million from a wholly owned subsidiary of the Abu Dhabi Investment Authority (ADIA) for its 13th Real Estate (RE) Fund, a $1 billion platform targeting real estate investments in India. With this new fund, KIAL has raised, … Read more
After the team’s disappointing exit at the semifinals stage from the recently-concluded Men’s T20 World Cup, the Indian cricket board will initiate measures to put the T20 team back on track. One of the steps reportedly under consideration is to use the experience and skills of M.S. Dhoni, in some capacity, to prepare and plan … Read more
Former U.S. President Donald Trump announces that he will once again run for U.S. president in the 2024 U.S. presidential election during an event at his Mar-a-Lago estate in Palm Beach, Florida, U.S., November 15, 2022. Donald Trump pulled the trigger on a third White House run on Tuesday, setting the stage for a bruising … Read more
The ED has arrested two company executives linked to the liquor trade in the money laundering investigation being conducted by it into the now-scrapped Delhi Excise policy case, official sources said Thursday. Benoy Babu of Pernod Ricard and Sharath Reddy of Aurobindo Pharma have been arrested under sections of the Prevention of Money Laundering Act … Read more
With Mukesh Ambani showing interest in purchasing Liverpool FC, the club may be headed for an Indian takeover, according to The Mirror. Ambaniwill have to fend off interest from parties in the Middle East and the US in order to acquire the famed English football team Liverpool, the report says. The potential buyers reportedly want … Read more
The billionaire Hinduja brothers called a truce on a bitter power struggle that threatened the future of the business empire of the UK’s wealthiest family. The brothers agreed to halt reams of litigation across Europe, ending, for now, a feud that was tearing the once tightly knit British-Indian group apart. With accusations of everything from … Read more
Speaking at the Hindustan Times Leadership Summit 2022, Chief Justice of India Dhananjaya Y Chandrachud on Saturday said that social media has posed as one of the biggest challenges. “Very often it’s not very easy to distinguish between what lies in the realm of policy and what lies in the realm of legality,” CJI Chandrachud … Read more
The CEO of Binance tweeted on Sunday the exchange would be liquidating all its FTT tokens due to “recent revelations.” On Monday, FTX head Bankman-Fried tweeted “a competitor is trying to go after us with false rumors.” Bankman-Fried announced on Tuesday his exchange FTX is to be acquired by Binance. Something is loading. Thanks for … Read more
Chancellor of the Exchequer Jeremy Hunt plans to cut a surcharge on UK bank profits, effectively shielding them from the bulk of an increase in the country’s corporate tax rate as the government tries to preserve the competitiveness of Britain’s finance industry. What to expect in UK Chancellor’s plan to fix fiscal hole UK banks … Read more