Exodus Financial News

Crypto  wallet developer Exodus Movement has received approval to list its common stock on the NYSE under the ticker EXOD.

The exodus toward independent channels continues, according to a new Cerulli Edge study. And not just from wirehouses.

For signs that the turbulent commercial real-estate market is beginning to stabilize, look at Blackstone’s largest real-estate fund, known as Breit. The firm was able to fulfill all investor redemption requests in February and March for the first time since late 2022, when a flurry of withdrawals compelled it to limit how much it could pay out. “We believe commercial real estate is at an inflection point, with real estate values bottoming," Blackstone said in an April letter to Breit shareholders, who are mostly individual investors.

Congress party, Tajinder Singh Bittu joined the Bharatiya Janata Party (BJP) at the party headquarters in Delhi on Saturday in the presence of Union Minister Ashwini Vaishnaw and party general secretary Vinod Tawde. Tajinder Singh Bittu resigned from his post as AICC Secretary-in-Charge of Himachal Pradesh and primary membership Congress party earlier today. This comes at a crucial time, in the backdrop of Lok Sabha elections being held across the nation. Bittu's exit marks another setback for the Congress party, which has witnessed an exodus of big leaders in the last few weeks.

For years, the Grayscale Bitcoin Trust was one of the few ways to bet on bitcoin without buying the cryptocurrency itself. Now, with the sector awash in lower-cost competing funds, investors are fleeing the exchange-traded fund. GBTC, as the trust is known for its ticker symbol, remains the world’s largest bitcoin fund thanks to the recent surge in crypto prices.

Chhindwara Lok Sabha Election 2024: In the political battleground of Madhya Pradesh, Chhindwara emerges as a critical contest, where the Nath family's stronghold faces a formidable challenge. For over seven decades, this constituency in southern Madhya Pradesh has remained a Congress fortress, synonymous with the enduring legacy of the Naths – Kamal Nath, Alka Nath, and their son Nakul. The never-say-die Congress fort

₹441, a 7.5% drop from its 10 April closing price of ₹477.70. Systematix Institutional Equities, meanwhile, has a “hold" rating on Wipro with a target of ₹440 per share. The Bengaluru-headquartered company has seen an exodus of top talent, including chief financial officer (CFO) Jatin Dalal, who joined rival Cognizant, and Rajan Kohli, the digital business head, who joined as chief executive officer (CEO) of Citrus Tech last April.

BENGALURU : Wipro Ltd chair Rishad Premji asked chief executive officer Thierry Delaporte to step down during a late March phone call, where the Frenchman wanted to know if he’d get a second term at the company which has trailed rivals amid an employee exodus. Delaporte, whose five-year term was to end on 5 July, 2025, told Premji that India's fourth largest IT services company should do better in the second half of FY25, two executives aware of the call said, despite Wipro not expected to grow in the April-October period.

BRS party in Telangana, one of its legislators Tellam Venkat Rao on Sunday joined Congress in the presence of Chief Minister A Revanth Reddy and his cabinet colleague P Srinivas Reddy. Along with Venkat Rao several BRS leaders from Bhadrachalam constituency joined Congress, the ruling party sources said. Venkat Rao, MLA from Bhadrachalam, is the third legislator who quit BRS and joined the Congress in recent days. Earlier on March 31, BRS MLA from Ghanpur ( Station) and former minister Kadiam Srihari and his daughter Kadiam Kavya joined Congress party.

Congress in Telangana, Greater Hyderabad Municipal Corporation (GHMC) Mayor Vijaya Laxmi R Gadwal joined the party here on Saturday. Vijaya Laxmi joined Congress in the presence of Chief Minister A Revanth Reddy, AICC incharge of party affairs in Telangana Deepa Dasmunsi and other leaders. Vijaya Laxmi joining Congress is expected to help the party in the GHMC limits in the Lok Sabha polls. The Congress did not win any of the 24 seats that fall under the limits of GHMC in the recent Assembly polls, though it won a majority. Vijaya Laxmi's father and BRS Rajya Sabha member K Keshav Rao, who had served as PCC president earlier, said on Friday that he would return to the Congress fold. Keshav Rao met the CM and state Congress chief Revanth Reddy on Friday. Noting that he worked in the grand old party for 55 years, the 85-year-old leader said he would do 'ghar vapsi' (returning to home). Asked if he is quitting BRS due to any differences with the regional party or his love for the Congress, he said it was affinity for the national party. Former BRS MLC Puranam Satish also joined the Congress today, Congress sources said. The BRS has witnessed an exodus of senior leaders in recent times.

Chinese leader Xi Jinping plans to meet a group of U.S. business leaders next week after a government-sponsored forum as Beijing steps up efforts to woo American firms amid an exodus of foreign capital. The meeting with China’s top leader is set for Wednesday, and insurer Chubb’s CEO, Evan Greenberg, along with Stephen Orlins, president of the National Committee on U.S.-China Relations, and Craig Allen, president of the U.S.-China Business Council, are expected to attend, people familiar with the matter said.

New numbers show people are bolting out of New York, according to the latest Census Bureau data.

Bankrupt crypto lender Celsius has begun demanding customers who made major withdrawals in the three months preceding its bankruptcy to return their funds or face legal action.

But the Henley Private Wealth Migration Report 2023 brings some optimism to the table. It says that with annual exodus figures closer to 6,500, there was a dip in the number of Indian HNIs leaving the country. If this 'slowdown' continues, it could be another indicator of the India growth story. Why? Decisions of HNIs to migrate are multifold. They are driven not just by personal or lifestyle preferences but also by a keen sense of where their wealth can be maximised. As they are the wealthiest in the country, they are more choosy, have greater expectations and can afford to relocate to places that offer them better living and economic conditions.

The shakeup of Walt Disney World’s governing district more than a year after it was taken over by Gov. Ron DeSantis’ appointees continues with the departure of its board chairman

FOX Business’ Madison Alworth reports on how Georgia is benefitting from more Americans leaving blue states like California.

Odisha joined the BJP on Thursday itself. Let's take a look Former Congress leader Kaustav Bagchi, who had resigned from the party a day before, joined the BJP on Thursday and vowed to fight against the TMC regime in the state. "Today, we are happy to welcome Kaustav Bagchi in the BJP," party leader Suvendu Adhikari said at a programme here.

By Aditya Kalra, Munsif Vengattil and Dawn Chmielewski

BENGALURU/MUMBAI : Global capability centers (GCCs), which have outpaced IT services companies in talent acquisition both from campuses and the job market, are now grappling with attrition due to rising competition among themselves. The skilled workforce at GCCs, accustomed to serving US and European clients, are prime targets for competing GCCs seeking to onboard personnel without delay, as they enter or expand operations in India. "GCCs, too, are susceptible to attrition risk, in view of rising demand for talent across GCCs, particularly with a growing number of GCCs getting established.

By Selena Li

Almost a year after Florida lawmakers passed a law giving Florida’s governor control over Walt Disney World’s governing district, Gov. Ron DeSantis is calling the takeover a success