Zhao pleaded guilty Tuesday to violating the Bank Secrecy Act in federal court in Seattle. Richard Teng will succeed Zhao as CEO.
Posts in category Business Standard
Fedbank Financial raises Rs 330 cr; Ireda IPO subscribed 2x on Day 1 (21-11-2023)
Unifi Capital on Tuesday received Securities and Exchange Board of India’s (Sebi) in-principle nod to set up a mutual fund house
Nifty hits one-month high as market heavyweights gain; Sensex up 276 pts (21-11-2023)
Rate-cut optimism, recovery in financial stocks snap two-day fall
One-year overnight swap rate hints at peaking of domestic policy rates (21-11-2023)
The market sees the recent decline in swap rates as reflecting a diminishing concern about an impending effective rate hike in India
Yield spread between 10-year state bonds and G-secs widens further (21-11-2023)
The yield on the benchmark 10-year government bond settled at 7.27 per cent on Tuesday
Auto, financial services stocks see highest selling by FPIs in November (21-11-2023)
Chokkalingam said buying in healthcare and consumer services is a hedging strategy by FPIs ahead of the state election results
Private equity, venture capital investments dropped to $3.4 bn in October (21-11-2023)
Investments by Private Equity and Venture Capital (PE/VC)funds have declined to USD 3.4 billion for October, a report said on Tuesday.
By value, the bets were 3 per cent lower than USD 3.5 billion in the year-ago period, and 19 per cent lower than USD 4.2 billion in September, the report by industry lobby grouping IVCA and EY, a consultancy, said.
The number of deals or volumes was also lower at 70 transactions in October as against 80 in the year-ago period and 83 in a month earlier, the report said.
“Although the Indian consumption story continues to remain strong, the increase in uncertainty on account of global factors and impending state and central elections in India seem to be slowing down progress in deal pipeline activity,” the consultancy firm’s partner Vivek Soni said.
Stating that he has a “cautiously optimistic” outlook, Soni said PE/VC investments are still lacking momentum, especially in the startup space.
October witnessed nine large deals totalling USD 2.4 billion
DCX Systems hits new high; stock zooms 27% in 1 week on fund raising plan (21-11-2023)
DCX Systems has bounced 162 per cent from its 52-week low level of Rs 138.90 touched on March 28
Govt bonds may see $25 bn in inflows if included in Bloomberg indices: DBS (21-11-2023)
But bond yields may not rise if the inclusion is deferred as the market has not rallied in anticipation, Karyatt added
Tata Technologies IPO: Details of public offer opening on November 22 (21-11-2023)
The Tata Technologies IPO will be open for bidding from November 22, and will conclude November 24