Platform Financial News

Asset management firm Vanguard CEO Tim Buckley is retiring by year-end 2024 after leading the firm for six years, and a total of 33 years working at the firm.

Europe’s tool to tax pollution linked to goods made abroad underline the challenges of motivating companies worldwide to go greener. Slow communication and technical difficulties have held up businesses’ compliance with the European Union’s new Carbon Border Adjustment Mechanism, which is designed to protect local producers against competition from countries with lower environmental standards. In Germany, less than 10% of companies have registered to the platform as of Feb. 28, according to people familiar with the matter. Given the issues, the European Commission extended its deadline to submit reports for a second time — until the end of March — in an announcement made to member states this week, said the people, who asked not to be named as the details are private.

Sadhav Shipping debuted with a premium of 42% on the NSE SME platform on Friday. The stock listed at Rs 135 as against an offer price of Rs 95. Ahead of the listing, the company's stock traded with a premium of Rs 30 in the unlisted market.

Bitcoin ETFs – fueled by fear of missing out on the latest crypto rally. BlackRock Inc.’s iShares Bitcoin Trust (ticker IBIT) netted $612 million Wednesday in its biggest one-session haul, breaking a record set just a day prior, data compiled by Bloomberg show. Altogether, the 10 new exchange-traded funds investing directly in the world’s biggest cryptocurrency took in a net $673 million, even with the outflows seen by Grayscale Bitcoin Trust (GBTC). The cash pouring into the funds handily beat their launch day record of $655 million set on Jan. 11.

₹70,000 crore. This will be a media business in which Reliance will hold over 16% directly and almost 47% via Viacom18 (in which it owns 74%). The rest, a minority stake, will be held by Disney, which got Star’s Indian assets bundled along with its 2019 purchase of 20th Century Fox and has seemed keen on a local guardian ever since.

Japan birth rate hit record low levels amid depopulation fears, Elon Musk reacts U.S. District Judge Charles Breyer was skeptical that when the nonprofit entered the standard user contract governing all Twitter and X users, it could have foreseen that Musk would buy Twitter for $44 billion in 2022 and welcome back users it had banned for posting hateful content. "You're telling me ...

In wake of its recent surge north of $60,000, Bitcoin’s market value has overtaken that of Russia’s Ruble, cementing its place as the 15th most valuable currency worldwide.

LPL Financial has added a Fort Wayne, Indiana-based team that was managing $515 million in client assets at PNC Private Bank Trust. Endeavor Wealth Strategies, which is led by Seth Marshall, will use LPL’s broker-dealer, RIA and custodial platforms, and it will align with another LPL firm, Exemplar Financial Network.

By Bhanvi Satija

By Carolina Mandl

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Bitcoin’s price hit US$60,000 on Wednesday for the first time in more than two years, as a surge of capital into new U.S. spot bitcoin exchange-traded products fueled a rally that has reached 42 per cent this month, on track for its largest monthly gain since December 2020.

BSE. Advent entities shall own around 66.7% stake and the public shareholders will hold around 33% stake in the merged entity. This ratio is pre-ESOP dilution," the firms clarified in the release.

Cohance Lifesciences Ltd on Thursday signed a definitive agreement to merge their businesses, which will further strengthen the former’s position in the contract development and manufacturing organisation (CDMO) space. Promoter of Suven Pharma, Advent International, had said last year that it would merge the two businesses post the buyout of its significant stake in Suven Pharma.

Poor Things" is all set to be released on OTT streaming platform in March. Emma Stone-starrer has received Academy nominations for as many as 11 categories. These include lead actress, best picture and director for filmmaker Yorgos Lanthimos, as per a report in Variety. The film, which also features Willem Dafoe and Willem Dafoe, will premier on Hulu on March 7.

Bill Gates captioned the video shared on social media platform Instagram.A post shared by Bill Gates (@thisisbillgates) With a roadside tea stall located near the old VCA stadium in the Sadar area of Nagpur, Dolly Chaiwala earned internet fame with his unique approach to tea-making. While his real name remains unknown, Dolly Chaiwala's videos are viral on the internet, accumulating lakhs of views. The tea seller is known to upload various videos while making tea in a his own style, attracting a lot of eyeballs online.

Never mind the layoffs: Some of the biggest U.S. tech companies have swelled their ranks much more than they have trimmed them. Microsoft, Alphabet and Netflix each employed 50% more people than before the pandemic, year-end disclosures show.

Advent International on Thursday announced the merger of privately held Cohance Lifescience with listed Suven Pharma to create the 1st private equity led listed contract manufacturing company, making it one the largest largest such home grown CDMO platform Divi’s Lab’s For every 295 shares of Cohance, 11 new shares of Suven will be issued, the companies said in a statement after the Suven board meeting. Suven has been 50% owned by Advent with the remaining with public and institutional shareholders while Cohance is wholly owned by the PE group. Now post merger, Advent will own 66.7% in the combined entity and the public shareholders the rest.

A major third-party seller on Amazon has filed for Chapter 11 bankruptcy protection

Jamnagar welcomed a global sensation, Rihanna, ahead of the much-anticipated pre-wedding bash of Anant Ambani and Radhika Merchant. The arrival of the iconic fashionista sparked excitement across social media platforms and beyond.

Six years after it launched in the U.S. before expanding across the globe, Webull is about to take a big step in its journey.