The fund would focus on investments in Western European developed economies, the company said
GM will take a $1 billion charge in the first quarter, he said. The company had previously projected $1.5 billion in charges related to staff reductions
New York Community Bank has agreed to buy a significant chunk of the failed Signature Bank in a $2.7 billion deal, the Federal Deposit Insurance Corp. said late Sunday. The 40 branches of Signature Bank will become Flagstar Bank, starting Monday. Flagstar is one of New York Community Bank's subsidiaries. The deal will include the purchase of $38.4 billion in Signature Bank's assets, a little more than a third of Signature's total when the bank failed a week ago. The FDIC said $60 billion in Signature Bank's loans will remain in receivership and are expected to be sold off in time. Signature Bank was the second bank to fail in this banking crisis, roughly 48 hours after the collapse of Silicon Valley Bank. Signature, based in New York, was a large commercial lender in the tristate area, but had in recent years gotten into cryptocurrencies as a potential growth business. After Silicon Valley Bank failed, depositors became nervous about Signature Bank's health due to its high amount o
The Japanese bidding consortium also wants to avoid triggering Chinese antitrust scrutiny by bringing in foreign investors
In a Q&A, Rajat Sood and Som Krishna say their company isn't absolutely return-focused, but is a relative value investor that is looking out for bogh buyouts and minority stakes
Shares of NDTV have rallied four-fold since December 2021, staging one of its biggest rally since 2007-08. On the upside, the stock can surge to Rs 450.
Twitter's lawsuit against Elon Musk over a canceled $44 billion buyout of the social-media platform is set for a 5-day trial starting Oct 17 in Delaware
The move comes as Zilingo's board is scheduled to meet on Monday to discuss the future of the company, according to people with knowledge of the matter
The fund voted against the Japanese industrial conglomerate's plan to break itself up by spinning off its devices business, a voting record showed
Company founded in India in 2001; now among its top 3 markets
Deals have been coming in at the rate of one every three days
The deal is one of the largest transactions ever in a restaurant industry that's being upended by the pandemic.
The deal would create "a company built around four of the world's largest profit pools in food delivery: the U.S., the UK, the Netherlands and Germany"
Buyouts recorded the largest increase of 56 per cent in terms of value ($16.2 billion in 2019 against $10.4 billion in 2018)
These are insights from a recent report by data firm Preqin on alternative assets in India