San Francisco Financial News

private equity firm Warburg Pincus has fully acquired Shriram Housing Finance Ltd (SHFL) from its promoter Shriram Finance and minority shareholder Valiant Capital Management for Rs 4630 crore, in the largest M&A deal in the housing finance sector.

By Rahul Pandey

Bitcoin (BTC) began the week on a downward trend, trading around $61,000 with an intraday low of $60,675. Despite a previous surge following the U.S. approval of exchange-traded funds (ETFs), Bitcoin has not regained momentum.

music producer in 2002 as ‘almost the godfather of pop’, Johann Pachelbel was the veritable SD Burman of late 17th century Europe. His Canon in D, (over)familiar to many of us from far too many wedding scenes in romcoms, is a piece that gathers layers, lifting itself as it glides along. The music is startlingly simple, three violins pressing out 28 varieties of the same melody over the bass line. Pachelbel’s cyclical tune unfolds like delicate sonic origami. The forth-and-back is calming, rousing, as if the world has turned to music.

music producer in 2002 as 'almost the godfather of pop', Johann Pachelbel was the veritable SD Burman of late 17th century Europe. His Canon in D, (over)familiar to many of us from far too many wedding scenes in romcoms, is a piece that gathers layers, lifting itself as it glides along. The music is startlingly simple, three violins pressing out 28 varieties of the same melody over the bass line. Pachelbel's cyclical tune unfolds like delicate sonic origami. The forth-and-back is calming, rousing, as if the world has turned to music. Pachelbel's most famous tune was immensely popular during his time. It then fell into obscurity… until an arrangement recorded by French conductor Jean-Francois Paillard in 1968 got 20th century ears pricked up. France-based Greek band Aphrodite's Child made a rock adaptation of the baroque classic, 'Rain and Tears', the same year, which reached No. 1 in various European countries.

Apple's top software executives decided early last year that Siri, the company's virtual assistant, needed a brain transplant. The decision came after executives Craig Federighi and John Giannandrea spent weeks testing OpenAI's new chatbot, ChatGPT. The product's use of generative artificial intelligence, which can write poetry, create computer code and answer complex questions, made Siri look antiquated, said two people familiar with the company's work, who didn't have permission to speak publicly.

California is partnering with five companies to develop generative AI tools to help the state deliver public services

Akshaya Tritiya 2024: Gold price rises ₹41,000 in five years. Experts see up to ₹85K peak next year “Gold is driven higher by rise in festive demand in India with additional support from a weaker U.S. dollar, which is down on rising bets for an early rate cut by the U.S.

Gold prices ticked up on Friday and were on track for a weekly gain, as recent economic data prompted traders to raise bets of an interest rate cut from the Federal Reserve later this year.

Oil prices rose on Friday, continuing upwards trend on the signs of improving economy in China and as negotiations to halt hostilities in the stand-off between Israel and Hamas yielded no results. Brent futures rose 37 cents, or 0.4%, to $84.24 a barrel, while U.S. West Texas Intermediate crude grew 41 cents, or 0.5%, to $79.64 at 0003 GMT.

Airbnb's profit more than doubled last quarter, but management's disappointing revenue forecast sparked a roughly 7% drop for its stock in after-market trading Wednesday

Marcy Venture Partners, the firm co-founded by hip-hop star Shawn “Jay-Z” Carter, is in advanced talks to merge with the investment arm of Pendulum Holdings, according to people familiar with the matter.

Instacart is partnering with Uber Eats to offer a new perk to its customers: restaurant delivery. San Francisco-based Instacart said Tuesday that its U.S. shoppers will see a «Restaurants» tab in the company's app in the coming weeks. Restaurant orders will be delivered by Uber Eats drivers.

There are many things which keep people in the investment banking industry.  Money, forexample.  Also, the prospect of more money, and the threat of losing deferred money. There’s also interesting work and pleasant colleagues, for some lucky bankers.  But, as former Goldman Sachs banker Cassindy Chao is refreshingly honest to admit, another thing that keeps people in the industry when they might otherwise be tempted to get out is the sheer psychological trauma of seeing friends and acquaintances get much richer than you. This is especially so when those people were formerly your juniors. 

The Securities and Exchange Commission has charged the auditing firm hired by Trump Media and Technology Group just 37 days ago with “massive fraud” — though not for any work it performed for former President Donald Trump's media company

Sixth Street, the investment firm that owns a 20% stake in the San Antonio Spurs, is planning to raise its first fund dedicated to the sports ecosystem, according to people with knowledge of the matter.

Google has asked a U.S. judge not to impose sweeping changes to the Alphabet unit's app store Play that were proposed by «Fortnite» maker Epic Games in the companies' closely-watched antitrust fight. Google made its filing late on Thursday in San Francisco federal court, where Epic last year persuaded a jury that the tech giant unlawfully stifled competition with its controls over apps downloads on Android devices and payments to developers for in-app transactions.

Comcast has blacked out 15 regional sports networks offered by Bally Sports, escalating a contract dispute with their distributor

Plans have been announced for a strategic partnership that will enhance the U.S. private wealth distribution channel of real assets investment firm The Townsend Group which advises clients with $218 billion in assets.

Airbnb says it's going to give customers a chance at overnight stays in a Paris museum, a bedroom filled with Ferrari racing cars, and other exotic settings

DoorDash reported higher-than-expected revenue in the first quarter as strong growth in U.S. grocery orders helped make up for slowing restaurant demand