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Photo credit: Harvard Alumni TOI correspondent from Washington: Nirmal Narvekar, the Indian-American financier who spent nearly a decade reshaping the investment machinery behind Harvard University’s colossal $57 billion endowment, is preparing to retire, closing one of the most consequential – and controversial – chapters in modern university finance.Known on Wall Street and in Ivy League…
Pakistan is eyeing to step up its defence budget by around PKR 100 billion in the next fiscal year, as the government works on a new budget under an International Monetary Fund (IMF)-backed reform programme that also projects a strong rise in revenues.Citing a report by IMF staff, the Dawn newspaper said that defence spending…
India’s trade with Brics countries gathered pace over the past five years, making the bloc a significant part of the country’s imports. However, this growing trade also reflects a bigger problem: India is relying more on imports from the bloc, pushing its trade deficit higher.A report by Rubix Data Sciences said India’s bilateral trade with…
Long before becoming one of America’s most recognisable billionaires, Mark Cuban built his fortune through the explosive rise of internet streaming company Broadcast.com. In 1999, the company was acquired by Yahoo in a deal worth $5.7 billion in stock. According to Cuban, the sale changed the lives of hundreds of workers overnight, with roughly 300…
MUMBAI: Rapido, which rivals Uber and Ola in India’s ride-hailing market, has raised a fresh $240 million in funding led by Dutch technology investor Prosus at a valuation of $3 billion, higher than its last valuation of $2.3 billion it attained when Swiggy sold its stake in the startup in a secondary transaction in September…
Fans cheer in the stands during the IPL 2026 match. (PTI Photo) NEW DELHI: IPL 2026 has recorded its highest-ever audience reach, with the ongoing season crossing a combined 1.1 billion viewers across television and digital platforms as the playoff race heads into a dramatic final stretch.According to figures released by JioStar, the tournament’s continued…
India’s foreign exchange reserves jumped by $6.295 billion to $696.988 billion during the week ended May 8, helped largely by a sharp rise in gold reserves, PTI reported citing Reserve Bank data released on Friday.The overall forex kitty had declined by $7.794 billion to $690.693 billion in the previous reporting week.India’s reserves had touched an…
India’s merchandise trade deficit widened sharply to $28.38 billion in April as imports rose 10 per cent year-on-year despite a steep decline in inbound shipments from Middle East amid continuing geopolitical disruptions.Government data released on Friday showed India’s imports increased to $71.94 billion in April from $65.38 billion in the year-ago period, while exports stood…
For decades, stories about billion-dollar company sales have usually followed the same pattern. Founders become wealthy, investors celebrate massive returns, and employees often receive little more than praise for their hard work. Recently, Graham Walker has drawn attention after reportedly sharing $240 million with 540 employees following the sale of Fibrebond Corp. to Eaton in…
James Cameron’s latest cinematic spectacle, ‘Avatar: Fire and Ash’ is set to make its way to streaming platforms next month!After successfully completing its six months in theatres, the film is now finally set for its digital debut. An official announcement was posted on the film’s social media handle. The post announcing the film’s OTT premiere…
