Blackstone plans to raise more than $10 billion in its third Asia private equity fund as the firm ramps up deployment in Japan and India, people familiar with the matter said.The New York-based money manager started marketing the fund in mid-September and plans to have a first closing in January, the people said, asking not […]
Weeks ahead of the festival of lights Diwali, the Narendra Modi government has announced bonuses for Indian Railways employees. The Union Cabinet today approved payment of a Productivity Linked Bonus (PLB) of 78 days for Rs 2028.57 crore to 11,72,240 railway employees in recognition of the excellent performance by the Railway staff. “The amount will […]
The price of oil has jumped 5% after US President Joe Biden said the US was discussing possible strikes by Israel on Iran’s oil industry. Asked on a visit if he would support Israel striking Iran’s oil facilities, Biden said: “We’re discussing that.” Iran is the seventh largest oil producer in the world, exporting around […]
The decision will benefit around Rs 12 lakh railway employees. (Representative image) Railway Employee Bonus 2024: Union Cabinet Approves Productivity-Linked Bonus For Railway Employees Railway Employee Bonus 2024: The Union Cabinet on Thursday approved payment of a productivity-linked bonus for over 11.72 lakh railway employees, Union Minister Ashwini Vaishnaw said. In a special meeting, the Union Cabinet […]
Miami Dolphins are in advanced talks to sell minority stake in team to Ares Management, billionaire Joe Tsai Getty Images The Miami Dolphins are in advanced talks to sell a minority stake in the team to private equity firm Ares Management and billionaire Joe Tsai, CNBC has learned, highlighting the growing trend of owners looking […]
Your support helps us to tell the story Find out moreClose Our mission is to deliver unbiased, fact-based reporting that holds power to account and exposes the truth. Whether $5 or $50, every contribution counts. Support us to deliver journalism without an agenda. Bank of England governor Andrew Bailey has said interest rate cuts could […]
Gold prices in Pakistan experienced a decline on Thursday, reflecting a decrease in international rates. In the local market, the price of gold per tola fell by Rs1,100, settling at Rs274,400. Similarly, the price for 10 grams of gold dropped by Rs943, reaching Rs235,254, according to the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA). This […]
Last Updated: October 03, 2024, 15:41 IST Stock Market Crash: Should you book profit or is it an opportunity to invest? Analysts say the market correction provides investors an opportunity to purchase more mutual fund units at a lower price Benchmark equity indices were trading sharply lower on Thursday, with the Sensex dropping over 1,800 […]
New Delhi: Securities and Exchange Board of India’s (SEBI) new measures to curb derivatives trading could halve volumes in the futures and options (F&O) segment, according to a media report. Media report citing sources said that volumes could drop by as much as 50 per cent after new measures take effect. They expect around 50 […]
Getty Images Banks will have the power to pause payments for up to four days to give them more time to investigate fraud, the government has said. Currently, transfers must be processed or declined by the end of the next business day, but the new law will allow an extension of three more days. For […]