US President Donald Trump signed an executive order on Thursday that could reshape how millions of Americans invest for retirement by expanding access to alternative assets, such as private equity, real estate, and cryptocurrency, in 401(k) retirement plans. The order directs the Department of Labor, in coordination with the Treasury and the Securities and Exchange…
Harvard launches new super office for gender equity and anti-discrimination Harvard University has launched a sweeping administrative overhaul by combining its gender equity and anti-discrimination efforts into a single, centralised body: the Office for Community Support, Non-Discrimination, Rights, and Responsibilities (CSNDR). The new structure brings together Harvard’s key Title IX and Title VI functions under…
A consortium led by Multiples Alternate Asset Management has approached the Competition Commission of India (CCI) seeking approval to acquire a 32% stake in luggage maker VIP Industries, according to a notice filed with the regulator.The application follows the July 13 announcement that VIP Industries’ promoters — Dilip Piramal and family — will sell up…
NEW DELHI: Foreign portfolio investors injected Rs 3,346.94 crore into Indian equity markets during the week, driven by optimistic sentiment following the Reserve Bank of India‘s (RBI) interest rate reduction, as reported by National Securities Depository Limited (NSDL) data.The RBI’s rate reduction bolstered investor confidence, resulting in substantial FPI inflows during the initial three trading…
Richard Beattie, a mergers lawyer who helped pioneer private equity takeovers — work that was immortalized in the much-lauded book “Barbarians at the Gate” — and who served in Washington and New York City government, died on Friday at his home in Manhattan. He was 86. His daughter Lisa Beattie Frelinghuysen said the cause was…
Yale University’s famed endowment has been trying to offload one of the largest portfolios of private equity investments ever in a single sale, a move that reflects the pressures on both Wall Street and higher education under the Trump administration. The Ivy League school has sought buyers for up to $6 billion in stakes in…
Yes Bank’s stock is expected to attract attention today as its board convenes to discuss potential fundraising initiatives. (AI image) Yes Bank share price today: Yes Bank shares plummeted 7.4% to Rs 21.55 during early trading hours on Tuesday following reports of 3% equity changing ownership through multiple block deals in the day’s session.Reports from…
A new front has opened in the battle over American education, this time over how children learn to read. The Trump administration has thrust literacy instruction to the top of its education agenda, framing it as a national crisis and a moral imperative. On May 20, the US Department of Education identified “evidence-based literacy instruction”…
NEW DELHI: Bharti Airtel‘s about Rs 41,000-crore of adjusted gross revenue (AGR) dues will not be converted into equity automatically as the telco’s application for such conversion will go through a scrutiny at the Department of Telecom (DoT), an official source said on Friday.Bharti Airtel has sought conversion of its AGR dues of around Rs…
NEW DELHI: In a significant development, Bharti Airtel is understood to have approached the govt for swapping its statutory dues with equity, something that has been done in the case of beleaguered Vodafone Idea.The company is understood to have outstanding govt payment dues of over Rs 70,000 crore, including Rs 40,000 crore of AGR dues.Sources…