Money managers view months of crackdowns that have hammered shares in sectors from tutoring to big tech as part of a major push from China's Communist Party leadership to pursue common prosperity at the expense of private-sector profit
Ash Lilani, Saama Capital managing partner, also joins Paytm board as independent director; Alibaba's Michael Yuen Jen Yao and Berkshire Hathaway investment manager Tood Anthony Combs retire from board
Paytm has roped in some of the most influential investment bankers for its proposed IPO. JP Morgan, Morgan Stanley, Goldman Sachs and ICICI Securities are likely to lead issue, touted to be largest IPO in financial sector
Microsoft Corp on Wednesday named Chief Executive Officer Satya Nadella as its new chairman, in place of John Thompson; One97 Communications, the parent company of Paytm has roped in some of the most influential investment bankers for its proposed initial public offering (IPO); Prime Minister Narendra Modi, during the 5th edition of VivaTech summit, said on Wednesday that COVID-19 has put many conventional methods to test and that innovation is the only way out when convention fails. Watch this and more on News Blast.