David Solomon, chief executive officer of Goldman Sachs. Bloomberg | Bloomberg | Getty Images Goldmans Sachs on Monday said it agreed to buy Innovator Capital Management, a provider of defined-outcome ETFs, for about $2 billion in its latest deal to bolster the firm’s asset management division. Goldman said the acquisition, expected to close in the…
Mallikarjun Kharge (PTI photo) NEW DELHI: Congress president Mallikarjun Kharge on Tuesday stepped up his attack on the BJP-led Centre and Enforcement Directorate (ED) after Sonia Gandhi and Rahul Gandhi once again came under scrutiny in the National Herald case. Posting on X, Kharge accused the Modi government of reopening an old matter solely to…
New Delhi: Delhiites could see poison in the air on Sunday. A thick layer of toxic smog enveloped the capital, turning the city into a gas chamber with air quality plunging to ‘severe-plus’ category for the first time this year.The city’s 24-hour average air quality index stood at 461, the second-worst recorded in Dec and…
Indian companies are likely to see higher wage bills as they adjust HR policies and compensation structures to comply with the new four labour codes. Experts estimate manpower costs could rise 5-10%, or even more for some firms.The increase in wage expenses is largely driven by higher costs for benefits such as gratuity, overtime, bonuses,…
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Bitcoin BTC$71,859.13 rose through $72,000 during European hours on Friday, rising by 2% since midnight UTC and outpacing gains in U.S. equity indexes. Futures on the Nasdaq 100 and S&P 500 index dropped during Asian trading hours before recovering. Both are now in the green. The U.S. Dollar Index (DXY), meanwhile, broke above 100, a…
NEW DELHI: West Bengal chief minister Mamata Banerjee on Friday defended interfering during Enforcement Directorate‘s I-PAC raids, accusing the agency of attempting to “steal” her party’s details. She further levelled serious allegations against “senior BJP leaders in Delhi”, claiming that they received “coal scam proceeds” and she could “furnish proof before public”.“What I did yesterday…
The City and Industrial Development Corporation (CIDCO) has kicked off the process to evaluate the possibility of adding a third runway at the Navi Mumbai International Airport, issuing a bid invitation for a techno-commercial feasibility study, an official told PTI on Sunday.The state planning authority has launched an e-tender for the consultancy assignment, calling for…
Gulf countries like Saudi Arabia and the UAE import Australian sand because desert grains are too smooth for high-strength concrete/ Image: MyBayut Sending coals to Newcastle is a phrase from the early 16th century, describing the pointless act of bringing coal to a city that already had plenty. As ironic as it may seem, similar…
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