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Byju's Florida hedge fund ally may face jail time over missing $533 million

Lenders accuse Morton of helping Indian tech firm Think & Learn hide $533 million from them

Vladimir Putin's pre-election promises may cost Russia $130 billion

An analysis by Dmitry Polevoy, investment director at Astra Asset Management, shows such projects could cost Russia as much as 2 trillion rubles per year, or more than $130 billion over six years

Tata Sons may fetch valuation up to $96 billion in IPO, says Spark

Based on a peak valuation of $96 billion, even a 5% stake in the company would still be worth more than Life Insurance Corp of India's $2.7 billion IPO in 2022

RBI urges state refiners to make payments for some oil imports in Rupees

India is the world's third-largest crude importer and is forecast to be the leading driver of global consumption growth this decade

Reliance-Disney merger likely to capture 50% of India's streaming market

Last month, Reliance agreed to acquire Disney's India business, creating an $8.5 billion media giant ranging from film and television production to news and sports content.

Ather Energy picks HSBC, JPMorgan, Nomura, Indian banks to arrange its IPO

Tarun Mehta and Swapnil Jain founded Ather in 2013 after graduating from the Indian Institute of Technology Madras

Musk loses world's richest person title to Bezos as Tesla shares tumble

Musk's wealth could take a further hit after a Delaware judge struck down his $55 billion pay package at Tesla, where he's chief executive

Boeing, Spirit AeroSystems audit finds 'multiple' quality lapses: FAA

The shortfalls were found at both Boeing and Spirit AeroSystems Holdings Inc., which makes most of the 737's fuselage, the Federal Aviation Administration said a statement on Monday

Banks led by Morgan Stanley discuss refinancing $12.5 bn debt with Musk

Fidelity, which received a stake in X after helping Musk complete his $44 billion purchase, has marked down the value of its position by 72% since the takeover

$50 billion SBI Pension Funds may turn to corporate bonds: CIO Pandey

SBI Pension has been positioning for a rate cut by extending the 'modified duration' in its bond portfolio to around 6.8-to-6.9 years from 6 years over the past eighteen months, Pandey said

Ex-Twitter execs including Agrawal sue Musk for $128 mn in severance pay

As soon as he took over Twitter, Musk fired several other top-ranking executives in addition to Agrawal: Vijaya Gadde, who was the company's top legal and policy official

Nvidia overtakes Saudi Aramco to be world's third most-valuable company

The rally has been relentless this year. The stock has climbed about 70% and added some $883 billion in value

China scraps Premier Li Qiang's briefing, breaking years of convention

This year's annual legislative session will run from Tuesday to March 11, making it one of the shortest meetings of China's parliament, outside pandemic years

Julius Baer Group fills several key roles amid India wealth surge

Abhishek Chandra, formerly a senior executive vice president at Kotak Mahindra Bank, has joined as chief operating officer of the Swiss firm's Indian unit, the bank said in a statement Monday

Global algo traders gearing up to swarm India stock futures, Says SGX

The trading of the derivative contracts moved to GIFT City from Singapore last July after a dispute between SGX and National Stock Exchange of India Ltd

British accounting watchdog fines KPMG $1.9 mn over Saatchi audit failings

KPMG and its partner Adrian Wilcox failed to audit with sufficient professional skepticism, according to the Financial Reporting Council, which published a decision notice on Monday

A $1.5 trn ESG debt market bleeding clients, corporates began to walk away

Rachel Richardson, head of ESG at London-based law firm Macfarlanes, says this year might be "a bit of a crunch point for both borrowers and lenders" in the market for sustainability-linked loans

Adani group offers first $409 million bond since Hindenburg crisis

Hindenburg levied accusations of fraud and stock manipulation in a report in early 2023

Malaysia may renew search for MH370 flight decade after it vanished

MH370 vanished on March 8, 2014, on its way to Beijing from Kuala Lumpur with 239 people on board. Investigators concluded the plane deliberately left its planned flightpath, looped back over Malaysia

Nikkei breaches 40,000 for 1st time, leads Asia higher in event-packed week

The Nikkei reclaimed its 1989 peak last month as investors from around the world piled into Japan's biggest companies on improving shareholder returns, the weaker yen and booming corporate profits