Page 569 - Bloomberg

Faith of millions of Indian small investors put to test with LIC debut

The 65-year-old firm has almost $500 billion in assets, 250 million policy holders and makes up almost two-thirds of the market.

ARK's Cathie Wood just keeps buying Coinbase and getting more inflows

While the rest of Wall Street was ditching Coinbase stock, Wood and her team stuck to their playbook and used the drop to increase holdings, adding about 860,000 shares in the week through Thursday

Crypto prices slip after Bitcoin's most volatile week in two years

Analysts say Bitcoin's $30,000 threshold will become 'a major resistance' if prices continue to consolidate below that mark over the next few days

Mukesh Ambani, Britain's Issa brothers face off in final battle for Boots

Issa brothers are going up against Mukesh Ambani, who's been working on a bid for the Boots drugstore chain together with buyout firm Apollo Global Management Inc

From sneakers to Teslas, China lockdowns upend global supply chains

While "supply-chain disruption" is emerging once more as the most repeated phrase of corporate earnings season, the impact goes beyond multinationals' profits

Monsoon set to arrive early in Kerala by May 27, help India's crop sowing

Timely monsoon rains are critical for India's farm output and economic growth at a time when the country is battling soaring food prices.

LIC IPO: Govt raises Rs 20,560 crore as firm sets issue price at Rs 949

Life Insurance Corporation of India shares have been priced at 949 rupees each, the state-run firm said in a prospectus filed Friday

SoftBank CEO pays price for tech bets with $20 billion loss at Vision Fund

The Vision Fund swung to a loss of 2.64 trillion yen ($20.5 billion) for the year ended Mar. 31, compared with a 4.03 trillion yen profit in the previous year

Inflation: Your soap or cookies may not be getting pricier but lighter

Companies have moved toward lighter loads in their cheapest packages amid rising costs of edible oils, grains and fuel

Elon Musk's delay in disclosing Twitter stake triggers SEC probe

The Wall Street Journal reported on Wednesday that the SEC is investigating Musk's submission of a form that investors must file when they accumulate more than 5 per cent of a company

Ukraine crisis: Russia cuts gas supplies to unit seized by Germany

Moscow prohibited dealings with Gazprom Germania and its various subsidiaries now under the control of Germany's energy regulator

Saudi Aramco becomes world's most valuable stock as Apple shares drop

Aramco traded near its highest level on record on Wednesday, with a market capitalisation of about $2.43 trillion

Byju's in talks with lenders for $1 billion to fund acquisition plans

The Bangalore-based market leader is in talks with banks, including Morgan Stanley and JPMorgan Chase & Co., for the funding to acquire another edtech company, people familiar with the matter said

Over $200 billion wiped off cryptocurrency market in a day: CoinMarketCap

Bitcoin plunged by as much as 10 per cent in the last day to its lowest level since December 2020, while Ethereum dropped as much as 16 per cent

Grocery delivery firm Instacart marches to IPO despite stock market turmoil

The company has confidentially filed documents with the Securities and Exchange Commission to start the process for a stock market listing

Twitter to freeze hiring, rescind some offers and make cost-cutting efforts

The news comes as billionaire Elon Musk is working to close a $44 billion deal to acquire Twitter

Terra developers halt new transactions on stablecoin blockchain

The value of Luna fell close to zero on Thursday, while UST remained around 36 cents

China: Wuhan's first Covid-19 patients still suffering after two years

The study, led by doctors at the China-Japan Friendship Hospital in Beijing, comes as China doubles down on its stringent Covid Zero strategy while much of the world lifts restrictions

Crypto billionaires' vast fortunes destroyed in weeks amid global sell-off

Billionaire crypto fortunes that swelled over the last two years are disappearing after a selloff that began with tech stocks spilled over into digital money

From India to France and the US, wheat harvest faces the weather test

Droughts, flooding and heatwaves threaten output from the US to France and India, compounding shrinking production in Ukraine