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Binance Sells Minority Stake to Abu Dhabi’s MGX Sovereign Wealth Fund for $2 Billion
Abu Dhabi-based MGX wealth management fund has acquired an undisclosed stake in Binance for $2 billion (roughly Rs. 17,403 crore). According to Binance co-founder Changpeng Zhao, this marks the platform’s first institutional investment.
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Chinese Man Lives With Wife, 4 Lovers In Same Building, All Unaware Of Each Other
In a startling case from Jilin province, China, a man named Xiaojun managed to juggle relationships with his wife and four other women, all living in the same housing complex.
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How New Delhi's Avayacam Empowers Disabled Artisans, Turns Waste To Wealth
The world's most populous nation India has a waste problem to match, but one group hopes their efforts can inspire change in one of the top polluters of plastic.
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The Top 10 Richest Indian Professional Managers
Hurun India's rich list 2024 has identified 10 richest Indian professional managers. The list also shows 1,539 people across 134 cities have Rs 1,000 crore wealth. In the 13th year of the list, wealth calculations were taken as on July 31, 2024.
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This Bank Fired A Dozen Employees For Faking Keyboard Activity
The fired employees worked in the bank's wealth and investment management unit.
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Cyber Criminals Have New Tool ‘Drainer’ to Rob Crypto Holders, Beware of Web3 Ads on Google, X
Crypto hackers have reportedly been able to rob 63,210 victims so far and have managed to get away with a stolen wealth of $59 million (roughly Rs. 490 crores) between March and November this year via ‘Drainers’.
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Paytm's Big Revamp: Younger Users, 50,000-Plus Salesforce, Smaller Cities
Paytm plans to revamp its online wealth management services and hire more than 15,000 contract salespeople to get more merchants on its network, aiming to hit profitability sooner than targeted.
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CoinSwitch Lifts Curtains off New Umbrella Brand ‘PeepalCo’, Plans to Expand Wealth Tech
CoinSwitch now has an umbrella brand called PeepalCo, which will now envelope three platforms owned by the same company. As per Ashish Singhal, Co-Founder and Group CEO, PeepalCo group, this branding will allow the management to align in-hand resources more efficiently.
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Putin Seizes Rights To St. Petersburg Airport From Foreign Investors
President Vladimir Putin ordered the transfer of rights to managing Russia's second-busiest airport from foreign shareholders that include Germany's Fraport AG and the Qatari wealth fund by shifting their stakes into a new domestic entity.
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India Overtakes China As Most Attractive Market For Investing: Report
India has overtaken China as the most attractive emerging market for investing for sovereign wealth funds in 2023 due to its solid demographics, political stability and proactive regulation, a report said today.
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Credit Suisse Crisis Sends Shivers Amongst Wealthy Indians
The Credit Suisse Group AG crisis is likely to make a dent on the way well-off Indians view international wealth managers, a firm backed by Liechtenstein's royal family said Tuesday.
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PhonePe Raises Further $200 Million From Walmart at $12 Billion Valuation, Plans to Build New Businesses
Indian digital payments firm PhonePe said on Friday it has raised $200 million from majority backer Walmart at a pre-money valuation of $12 billion.
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Gautam Adani's Plans To Handle His Ballooning Wealth Overseas: Report
Asia's richest person, Gautam Adani, is considering setting up a family office overseas to manage his ballooning wealth, according to people familiar with the discussions.
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Kotak Investment Advisors Raises $500 Million For $1 Billion Real Estate Fund
Kotak Mahindra Group's asset management arm said on Tuesday it secured a $500 million investment from a unit of the UAE-based sovereign wealth fund Abu Dhabi Investment Authority (ADIA) for its $1 billion real estate fund.
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Singapore Partners HSBC, Standard Chartered to Explore Token Use in Trade, Wealth Management
The Monetary Authority of Singapore (MAS) has partnered with multinational banks Standard Chartered and HSBC to dive deeper into the use-cases of tokens in trade finance and wealth management. The move is aimed at transforming trade assets into transferable instruments.
-
Binance Sells Minority Stake to Abu Dhabi’s MGX Sovereign Wealth Fund for $2 Billion
Abu Dhabi-based MGX wealth management fund has acquired an undisclosed stake in Binance for $2 billion (roughly Rs. 17,403 crore). According to Binance co-founder Changpeng Zhao, this marks the platform’s first institutional investment.
-
Chinese Man Lives With Wife, 4 Lovers In Same Building, All Unaware Of Each Other
In a startling case from Jilin province, China, a man named Xiaojun managed to juggle relationships with his wife and four other women, all living in the same housing complex.
-
How New Delhi's Avayacam Empowers Disabled Artisans, Turns Waste To Wealth
The world's most populous nation India has a waste problem to match, but one group hopes their efforts can inspire change in one of the top polluters of plastic.
-
The Top 10 Richest Indian Professional Managers
Hurun India's rich list 2024 has identified 10 richest Indian professional managers. The list also shows 1,539 people across 134 cities have Rs 1,000 crore wealth. In the 13th year of the list, wealth calculations were taken as on July 31, 2024.
-
This Bank Fired A Dozen Employees For Faking Keyboard Activity
The fired employees worked in the bank's wealth and investment management unit.
-
Cyber Criminals Have New Tool ‘Drainer’ to Rob Crypto Holders, Beware of Web3 Ads on Google, X
Crypto hackers have reportedly been able to rob 63,210 victims so far and have managed to get away with a stolen wealth of $59 million (roughly Rs. 490 crores) between March and November this year via ‘Drainers’.
-
Paytm's Big Revamp: Younger Users, 50,000-Plus Salesforce, Smaller Cities
Paytm plans to revamp its online wealth management services and hire more than 15,000 contract salespeople to get more merchants on its network, aiming to hit profitability sooner than targeted.
-
CoinSwitch Lifts Curtains off New Umbrella Brand ‘PeepalCo’, Plans to Expand Wealth Tech
CoinSwitch now has an umbrella brand called PeepalCo, which will now envelope three platforms owned by the same company. As per Ashish Singhal, Co-Founder and Group CEO, PeepalCo group, this branding will allow the management to align in-hand resources more efficiently.
-
Putin Seizes Rights To St. Petersburg Airport From Foreign Investors
President Vladimir Putin ordered the transfer of rights to managing Russia's second-busiest airport from foreign shareholders that include Germany's Fraport AG and the Qatari wealth fund by shifting their stakes into a new domestic entity.
-
India Overtakes China As Most Attractive Market For Investing: Report
India has overtaken China as the most attractive emerging market for investing for sovereign wealth funds in 2023 due to its solid demographics, political stability and proactive regulation, a report said today.
-
Credit Suisse Crisis Sends Shivers Amongst Wealthy Indians
The Credit Suisse Group AG crisis is likely to make a dent on the way well-off Indians view international wealth managers, a firm backed by Liechtenstein's royal family said Tuesday.
-
PhonePe Raises Further $200 Million From Walmart at $12 Billion Valuation, Plans to Build New Businesses
Indian digital payments firm PhonePe said on Friday it has raised $200 million from majority backer Walmart at a pre-money valuation of $12 billion.
-
Gautam Adani's Plans To Handle His Ballooning Wealth Overseas: Report
Asia's richest person, Gautam Adani, is considering setting up a family office overseas to manage his ballooning wealth, according to people familiar with the discussions.
-
Kotak Investment Advisors Raises $500 Million For $1 Billion Real Estate Fund
Kotak Mahindra Group's asset management arm said on Tuesday it secured a $500 million investment from a unit of the UAE-based sovereign wealth fund Abu Dhabi Investment Authority (ADIA) for its $1 billion real estate fund.
-
Singapore Partners HSBC, Standard Chartered to Explore Token Use in Trade, Wealth Management
The Monetary Authority of Singapore (MAS) has partnered with multinational banks Standard Chartered and HSBC to dive deeper into the use-cases of tokens in trade finance and wealth management. The move is aimed at transforming trade assets into transferable instruments.
