Page 6 - Blackrock

Bitcoin breaches $30k-mark fuelled by Powell's comments, spot ETF filings

US Fed chair Jerome Powell on Wednesday said they see 'payment stablecoins as a form of money'

Bitcoin hits six-week high as financial titans step up crypto initiatives

The largest digital asset rose as much as 6.1% and traded at $29,789 as of 11:26 am in New York on Wednesday, lifting the token's rebound this year to almost 80%. Smaller coins such as Ether, Cardano

Janus Henderson further downgrades PharmEasy valuation to $ 2.7 billion

Several other Indian startups such as Meesho, Swiggy, Byju's, Pine Labs, and Ola have seen similar cuts in their valuations

BlackRock cuts edtech giant Byju's valuation by 62% in a year to $8.4 bn

BlackRock reportedly pegged the value of its 2,279 shares in the company at $4,043,471, estimating Byju's fair value at $8.4 billion as of March 31, 2023

BlackRock cuts Byju's valuation again. This time by 62% to $8.4 billion

However, Byju's recently secured $250 million in fresh funding at a valuation cap of $22 billion

Emerging markets have an edge over mature markets, says BlackRock

The world's biggest money manager favors stocks and bonds from the developing world over those from mature economies in the short term

BlackRock racial audit shows struggles to retain leaders from various races

Retention was identified as one of BlackRock's challenges, even as the world's largest money manager met some goals on diversifying its overall workforce since 2020

BlackRock's assets seen topping $15 tn in 5 years' time: Morgan Stanley

The gains are likely to continue, according to Morgan Stanley analyst, raising BlackRock's price target to $861 from $829, the second-highest among analysts tracked by Bloomberg

Letters to shareholders

Investors eagerly anticipate the annual letters from companies for insights into industry trends, and the economy. Will Indian leaders focus on their company or look beyond this meeting this season?

BlackRock assets exceed $9 trillion in Q1 in wake of US bank failures

BlackRock's assets under management climbed 5.8 per cent since the end of last year, when they totaled $8.6 trillion

BlackRock Inc to sell $114 billion in securities of failed banks'

BlackRock's Financial Markets Advisory Group was established in 2008 to provide advice to governments, central banks and financial institutions

BlackRock slashes edtech giant Byju's valuation by about 50% to $11.5 bn

While BlackRock has slashed Byju's valuation by nearly 50 per cent, Invesco has cut Swiggy's stake value by over 23 per cent

Adani group met Pimco, BlackRock for potential private bond placement

Adani seeks to reassure international investors that the ports-to-power empire's finances are under control

BlackRock denied working on possible rival bid for Credit Suisse

BlackRock has denied that it's working on a possible rival bid for Credit Suisse Group AG

Truly sorry to those who'll have to leave Byju's, says Raveendran to staff

The edtech giant has to sever 2,500 employees to avoid role duplication across businesses, says founder in a letter to employees

BlackRock's Q3 profit falls 16% as market volatility spooks investors

BlackRock's assets under management dropped 16% to $7.96 trn as a stronger dollar also piled on pressure by dampening the value of investments in key European and Asian markets

Tata's RE arm raises Rs 2k cr by issuing shares to BlackRock-backed firm

Tata Power arm Tata Power Renewable Energy on Thursday said it raised around Rs 2,000 crore by issuing 8.36 crore equity shares to BlackRock-backed GreenForest New Energies Bidco, according to a regulatory filing. Earlier in April this year, BlackRock Real Assets-led consortium, including Mubadala Investment Company, had inked a binding agreement with Tata Power to invest Rs 4,000 crore by way of equity/compulsorily convertible instruments for a 10.53 per cent stake in Tata Power Renewables Energy Ltd, translating to a base equity valuation of Rs 34,000 crore. The final shareholding will range from 9.76 per cent to 11.43 per cent on final conversion, it had said in April this year. "The board of directors of Tata Power Renewable Energy Ltd, a wholly-owned subsidiary of the company, today approved the allotment of 8,36,05,049 equity shares of Tata Power Renewable Energy Ltd of the face value of Rs 10 each at a price of Rs 239.22 per equity share (including premium of Rs 229.22) ...

Saudi sovereign wealth fund buys $7-bn US stocks amid recession fears

The $620 billion Public Investment Fund also added to positions it held in Facebook Inc. owner Meta Platforms Inc., PayPal Holdings Inc. and Electronic Arts Inc. in the second quarter

Coinbase's BlackRock pact reinforces crypto status, burns shorts

For Coinbase investors, the news is a much-needed signal that its status as a giant in the crypto sector remains rock solid

Blackrock, Mubadala to invest in Tata's renewable arm via rights issue

Unlisted firm Tata Power Renewables Energy plans to raise Rs 6,000 cr; Both Blackrock and Mubadala had invested $525 million this April for 10.5% stake