Beyond Financial News

Deutsche Bank and Royal Bank of Canada are preparing a US$4.5 billion debt package to help fund TowerBrook Capital and Clayton Dubilier & Rice’s planned purchase of R1 RCM Inc., according to people familiar with the matter.

The Federal Reserve is a hot topic this week for global investors trying to time interest-rate cuts. It’s also — unusually — a prominent feature on Corporate America’s post-earnings conference calls.

It was 1997 when Captrust launched as an independent registered investment advisor. Just over a quarter of a century later and it has surpassed a major milestone of $1 trillion in assets under management as of June 30, 2024.

The mistress of a Texas Ponzi schemer who advertised on Christian radio programs was sentenced on Tuesday to life in prison, according to a statement from the district attorney of Tarrant County, which includes Fort Worth and Arlington.

income tax return (ITR) for FY 2023-24 remains July 31, 2024, and there has been no extension. If you haven't filed your ITR, there's no need to worry because you can still submit your tax return after this deadline. Even if you incur a penalty, you have the option to file your tax returns after the deadline – this is referred to as a belated return.

₹2,000 crore, the investment firm’s managing partner Rahul Khanna told Mint in an interview. The fourth venture debt fund, which includes a greenshoe option of ₹500 crore, is sector agnostic and has seen participation from new and existing investors. The previous three funds were ₹500 crore, ₹1,024 crore and ₹1,777 crore in size.

derivatives should achieve their desired objective. The regulatory intent is to sustain adequate depth in the F&O segment to facilitate hedging. Trading volumes in F&O will, thus, have to decline significantly, but not to a point that affects price discovery. As follow-up measures, Sebi will have to ensure the purged retail speculation does not resurface in other market segments, such as smallcaps. The trading ecosystem will, on its part, have to recover from the revenue setback, and its business models in the new regulatory scenario should come under tighter scrutiny. Brokers are most vulnerable to the systemic interface with the retail investor. Finally, vigilance is necessary that buckaroo retail investing does not migrate to shadow trading platforms such as dabba trading that operate beyond the regulatory gaze.

The budget for 2024-25 highlights the urgency of job creation and skilling, and emphasizes the need to get more women into India’s labour force. As the government prepares to roll out employment-linked incentives and other schemes aimed at first-time workers that may increase the participation of women in the workforce, we must also think about women who have exited. Our research with low-skilled workers in the manufacturing sector clearly shows that manufacturers face a huge turnover among women working on the shop-floor.

Mint explains why Sebi is concerned with the rising trade volumes, the measures it plans to take, and the impact of these steps. Derivatives are financial contracts that derive their value from an underlying asset. Derivatives are of two types – futures and options contracts.

India’s fast-expanding data centre industry is evolving beyond traditional hubs like Mumbai and Chennai, and expanding to emerging hotspots such as Kochi, Jaipur, Ahmedabad, Lucknow, Patna and Visakhapatnam as companies look to serve a growing but distributed user base across the country, executives from top companies said.

Nic Fink has become another popular name in the US Olympic history after being the oldest-ever athlete to win a medal at the Olympic Games. In fact, he has shattered a 120-year old record while achieving this feat, at the age of above thirty, which is rather surprising and overwhelming at the same time for Team USA fans.

₹72-76 per share, valuing the company at $4 billion ( ₹33,522 crore) at the upper end, a sharp discount to the $5.4 billion valuation it commanded in its last private funding round in September. The Bhavish Aggarwal-led company is looking to raise ₹6,146 crore by selling investors an ecosystem-led electric vehicle (EV) growth story, with investments in making cells and components. Of this, ₹5,500 crore will be raised through the issue of fresh equity while about ₹646 crore will be through an offer for sale by existing shareholders.

by Dave Fazekas and Brendan McCurdy

Karnataka exceeding the speed of 130 kilometres per hour will face FIRs for rash and dangerous driving. Alok Kumar, Additional Director General of Police (Traffic and Road Safety), announced this measure to combat the high incidence of fatal accidents attributed to over-speeding in the state.

Supreme Court on Monday refused to stay Patna High Court order that set aside the increase in reservation for Backward Classes, SC and ST from 50 per cent to 65 per cent in public employment and admission to educational institutions.

₹6,404 crore in the June quarter (Q1FY25), up more than 200% year-on-year. This whopping increase was driven by the launch of the second phase of the luxury project Privana West in New Gurugram. The project was fully sold out, with bookings of ₹5,600 crore.

Paris Olympics at a time when unemployment is soaring and economic woes are rampant, the opening ceremony has been criticized. The organizers went beyond the formal format of holding the ceremony in a stadium and produced a razzmatazz and riots of colors on the flowing River Seine, where thousands of people gathered on both sides and greeted the participating players. But it has been leveled as the worst opening ceremony in history. The disgruntled BBC viewers, who tuned in to watch the event, have slammed the Paris Olympics Opening Ceremony as «the worst in history.»

India vs Sri Lanka Live Score, 1st T20I: New India T20 captain Surykumar Yadav will take charge of the 3 match T20 series against Sri Lanka starting today. Notably, Surya has big shoes to fill in leading the world champions and taking over the charge of team after retirement of skipper Rohit Sharma.

sugar sector, which he said would be crucial in making India a developed economy by 2047. Kant's comments come as the industry presses for lifting a sugar export ban and increasing the minimum selling price of sugar in line with cane prices, among other demands.

Mphasis, which on Thursday night reported a 2.1% increase in first-quarter net profit, is now seeing a third of its deal pipeline being led by artificial intelligence, chief executive Nitin Rakesh said.

Pepe Unchained ($PEPU) is on fire, sizzling past $5 million in funding and adding over $500,000 just before the weekend party.