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☆ Adani Group shares nosedive after chairman Gautam Adani charged with fraud in New York
▼ + stars: | 2024-11-21 | by ( Lee Ying Shan | In Ying-Shan-Lee | ) www.cnbc.com time to read: +2 min

Signage of Adani Group at Adani Defence and Aerospace booth during the Aero India 2023 at Air Force Station Yelahanka in Bengaluru, India, on Monday, Feb. 13, 2023. India's Adani Group saw shares of its companies plunge Thursday after its billionaire chairman Gautam Adani was indicted in a New York federal court over his alleged involvement in an extensive bribery and fraud operation. The Indian group's flagship firm Adani Enterprises fell 10%, while the company in the eye of the storm Adani Green Energy tanked 17.28%. Adani Energy fell 20%. Adani Power lost 13.81%, Adani Port's share price dropped 10%, while the group's retail arm Adani Wilmar shed 7.87%.

Persons: India's, Gautam Adani, Adani, Sagar Adani, Ranjit Gupta, Rupesh Agarwal, Saurabh Agarwal, Cyril Cabanes, Deepak Malhotra, CDPQ, shortseller, Hindenburg, Raymond James ', Matt Orton Organizations: Adani Defence, Aerospace, Aero, Air Force, India's Adani, Adani Enterprises, Energy, Adani Energy, Adani Power, NSE, Adani Green Energy, Power, Quebec, U.S, Hindenburg Research, CNBC Locations: Bengaluru, India, New York, U.S, Brooklyn

☆ King Charles and Queen Camilla take private trip to India
▼ + stars: | 2024-10-30 | by ( Max Foster | Lauren Said-Moorhouse | ) edition.cnn.com time to read: +3 min

CNN —Britain’s King Charles III and Queen Camilla made a surprise pitstop in India as they returned from their royal tour to Australia and Samoa. “Their Majesties had a short private stopover in India to help break the long journey back from Samoa,” a Buckingham Palace spokesperson said on Wednesday. Then-Prince Charles and Camilla during a visit to India on November 9, 2017 in New Delhi. The King is expected to return to regular overseas trips in 2025, according to Britain’s PA Media news agency. Charles will carry out trips in the spring and autumn, on the regular foreign royal tour schedule, so long as doctors sign off on the journeys.

Persons: CNN — Britain’s King Charles III, Queen Camilla, “, ”, King, Prince Charles, Camilla, Arthur Edwards, Charles ’, Samoa, Charles, “ We’re Organizations: CNN, Holistic Health, Britain’s, Media, CNN’s Royal Locations: India, Australia, Samoa, Bengaluru, Buckingham, Apia, London, New Delhi, Commonwealth, Britain, ”

But some countries make motorists more nervous than others. A survey published in October shows drivers are most concerned about getting behind the wheel in India. With a score of 7.15 out of 10, India had the average highest score out of 49 countries in the survey. The survey is not based on statistical information, such as roadway safety or fatalities, but perceptions of drivability among non-locals. The top 10 list is a mix of countries across Asia, Africa and South America.

Locations: India, United Kingdom, United States, Canada, Australia, New Zealand, South Africa, Germany, France, Italy, Spain, Bengaluru, Mumbai, Pune, Asia, Africa, South America

We've put together everything you need to know about how to watch India vs. New Zealand, with a focus on affordable live streaming options. ET / 5 a.m. BST / 12 p.m. AWSTHow to watch Pakistan vs. England in the USThe Pakistan vs. England test matches will be available to watch through Willow in the US. You can also get it as a part of a month-to-month live TV package, including Sling TV. Sling also occasionally offers free cricket live streams (including coverage of the ongoing ICC Women's T20 World Cup), although you'll need to subscribe for the India vs. New Zealand test series. Sling TV Subscription For just the essentials without any extra fluff, Sling TV is the streaming service you're looking for.

Persons: We've, we've, Sling's Desi, ExpressVPN Organizations: Business, New Zealand, Chinnaswamy, team, ICC, South, Sri, Sling, England Locations: India, New, Bengaluru's, Zealand, Pakistan, South Africa . New Zealand, Sri Lanka, New Zealand, England

☆ My wife and I gave up $1 million in Big Tech pay to move from California back to India. I couldn't find purpose in the US.
▼ + stars: | 2024-10-07 | by ( Shubhangi Goel | ) www.businessinsider.com time to read: +6 min

AdvertisementThis as-told-to essay is based on a conversation with Nithin Hassan, who moved from California to Bengaluru, India, in 2023 to launch his startup. I grew up in and around Bengaluru, India, in the late 1990s and 2000s. I got married in 2013, and my wife also worked in Big Tech in the US. My wife is still working at a Big Tech company and spends much more time commuting than she did back in the US. Did you leave Big Tech to pursue a career in a completely different field?

Persons: Nithin Hassan, Hassan, —, We've Organizations: Meta, Service, Cisco, Amazon, Microsoft, Big Tech Locations: California, Bengaluru, India, Big, Bay

☆ Some techies are leaving cushy Silicon Valley jobs to launch startups at home in India
▼ + stars: | 2024-10-01 | by ( Shubhangi Goel | Charissa Cheong | ) www.businessinsider.com time to read: +11 min

Some expat Indians are moving back home to launch companies of their own. But the chaos, where even established startups are trying and failing, makes India a fair playing field for new entrants, Hassan said. Programs like Startup India, which provides founders benefits like tax exemption, easier compliance, and funding support, have made creating a company smoother. Bhide returned to India in January, leaving behind about $580,000 in total compensation at ticketing platform StubHub. Bhide said the general sentiment among local founders is shifting from "Build from India" to "Build for India."

Persons: —, Nithin Hassan, — Hassan, Hassan, he's, Binod Khadria, Khadia, That's, Ben Mathias, VCs, Mathias said, Devyani Parameshwar, It's, Rohan Bhide, Bhide, Dhruv Anand, Dhruv Anand Dhruv Anand, Anand, Ruchit Garg, Garg, Niranjan Vemulkar, Vemulkar Organizations: Service, Amazon, Microsoft, Meta, Global Research, Diaspora, Business, Vertex Ventures, Indian, Startup, Reliance, Tech, Google Locations: India, Bengaluru, Oyo, Byju's, Asia, Africa, Delhi, Gurugram, Silicon Valley, It's, Mumbai, Bangalore

New Delhi CNN —Fans eagerly awaiting the return of Coldplay to India were shocked to find tickets being resold online for as much as $11,000, prompting police to seek a statement from the CEO of the shows’ vendor over allegations of fraud. Tickets were scheduled to go on sale by the official vendor, BookMyShow (BMS), at 12 p.m. local time on September 22. Amit Vyas, a lawyer and founding partner of Mumbai law firm Vertices Partners, was among fans waiting for tickets on the vendor’s website when he was suddenly locked out. The complaint was in connection with the alleged sale of fake tickets for concerts on certain platforms, according to CNN affiliate News18. Coldplay fans told CNN their attempts to buy tickets to January’s shows at DY Patil Stadium in Mumbai left them frustrated and disappointed.

Persons: New Delhi CNN —, Amit Vyas, ” Vyas, BookMyShow, Ashish Hemjarani, Arkatapa Basu, “, ”, Ishaan, Taylor Organizations: New, New Delhi CNN, Coldplay, Bank, Partners, CNN, News18, Oasis, Ticketmaster Locations: New Delhi, India, British, Mumbai, Mumbai –, Delhi –, Bengaluru, Delhi, Abu Dhabi

☆ GM to begin laying off about 1,700 workers at Kansas plant, WARN notice shows
▼ + stars: | 2024-09-21 | by ( ) edition.cnn.com time to read: +1 min

Reuters —General Motors (GM) will begin laying off 1,695 workers at its Fairfax Assembly plant in Kansas, the company said in a Worker Adjustment and Retraining Notification (WARN) notice earlier this week. The first of two rounds of layoffs will begin Nov. 18 and will include the temporary layoff of 686 full-time workers and the termination of 250 temporary employees, Automotive News reported on Saturday citing a company filing to the state of Kansas. Starting Jan. 12, 759 full-time workers will be temporarily laid off, the report added. GM did not immediately respond to a Reuters request for comment on the details of the latest layoffs. The company had also said in August that it was laying off more than 1,000 salaried employees at its software and service units worldwide.

Persons: Surbhi Misra, Alistair Bell Organizations: Reuters, General Motors, Fairfax Assembly, Automotive, GM, Bolt Locations: Fairfax, Kansas, Bengaluru

☆ Boeing’s head of defense unit Ted Colbert to leave
▼ + stars: | 2024-09-20 | by ( Reuters | Cnn'S Chris Isidore | ) edition.cnn.com time to read: +2 min

Reuters —Boeing said on Friday that Ted Colbert, president and CEO of its defense, space and security unit will be leaving the company effective immediately. “I’d like to share that Ted Colbert, president and CEO of Boeing Defense, Space & Security (BDS), will be leaving Boeing, and that l’ve asked Steve Parker to temporarily oversee BDS, effective immediately, until a replacement for Ted is named at a later date,” Kelly Ortberg, Boeing’s president and CEO, said Friday in a statement. In the most recent quarter, Boeing’s Defense, Space & Security unit lost $913 million, up from the $527 million loss in the same period a year ago, after a narrow profit in the first quarter. But both the second quarter loss and the 2023 full-year loss were more than the company’s troubled commercial aircraft unit lost in the same periods. Boeing’s shares closed down about 1% on Friday and have lost about 41% so far this year.

Persons: Ted Colbert, Steve Parker, “, l’ve, Ted, ” Kelly Ortberg, ”, Utkarsh, Shounak Dasgupta Organizations: Reuters, Boeing, Boeing Defense, Space & Security, BDS, Boeing Company, Boeing’s Defense, & $ Locations: Bengaluru

☆ J&J subsidiary files for bankruptcy to advance $8 billion talc settlement
▼ + stars: | 2024-09-20 | by ( ) edition.cnn.com time to read: +3 min

J&J’s Red River Talc unit made its filing in the U.S. Bankruptcy Court for the Southern District of Texas. J&J faces lawsuits from more than 62,000 claimants who alleged that its baby powder and other talc products were contaminated with asbestos and caused ovarian and other cancers. After being rebuffed twice by federal courts, New Brunswick New Jersey-based J&J is attempting again to end the litigation in a so-called “Texas two-step” bankruptcy. J&J said the Red River unit filed the bankruptcy case after it received support of about 83% of current claimants for the proposed bankruptcy plan. The goal is to use the proceeding to force all plaintiffs into one settlement, without requiring J&J itself to file for bankruptcy.

Persons: Reuters —, Johnson, J, Dietrich Knauth, Leigh Jones, Will Dunham, Sandra Maler, Shounak Dasgupta Organizations: Reuters, Johnson, Bankruptcy, Southern, Southern District of, Supreme, Purdue Locations: U.S, Southern District, Southern District of Texas, New Brunswick New Jersey, Texas, Bengaluru

☆ A new tool shows what the climate crisis could feel like in your city
▼ + stars: | 2024-09-19 | by ( Catherine Boudreau | ) www.businessinsider.com time to read: +5 min

Monthlong heat waves. AdvertisementLocal climate hazardsTo make predictions at a city level, Mackres said WRI built on global climate modeling done by hundreds of other researchers. World Resources InstituteIn Bengaluru, India's fifth-most-populous city, extreme heat has caused severe water shortages and surging energy demand. Now it ranks second behind San Francisco after a series of deadly heat waves prompted residents to install AC. If that demand is met with fossil fuels like oil, gas, and coal, it could exacerbate the climate crisis, WRI said.

Persons: WRI, Eric Mackres, Mackres, haven't Organizations: Service, World Resources Institute, Ross Center for Sustainable Cities, Resources, Bengaluru, US, San Locations: Saharan Africa, Latin America, Indonesia, Africa, Asia, Seattle, Rio de Janeiro, Johannesburg, Bengaluru, India, India's, Brazil, US Pacific Northwest, San Francisco, Tehran, Iran, Marrakech, Morocco

☆ CNBC's Inside India newsletter: Will India's lofty manufacturing ambitions bear fruit?
▼ + stars: | 2024-09-19 | by ( Amala Balakrishner | In Amala-Balakrishner | ) www.cnbc.com time to read: +8 min

This report is from this week's CNBC's "Inside India" newsletter which brings you timely, insightful news and market commentary on the emerging powerhouse and the big businesses behind its meteoric rise. Its intent was clear: to develop India's manufacturing capabilities in sectors like automotives, electronics, pharmaceuticals and aerospace while creating opportunities for locals. India's manufacturing sector has seen "remarkable" growth says, Samir Kapadia, founder and CEO of B2B marketplace India Index. "These infrastructural shifts in India have improved connectivity within and outside the country putting India at a very different playing field than it was 10 years ago when 'Make in India' started," Kapadia told CNBC's Inside India. India vs. other emerging marketsWhile India looks to poach China's manufacturing share, other countries like Indonesia, Vietnam, Bangladesh and Mexico are also stiff competitors.

Persons: Wistron, Narendra Modi, Foxconn, Samir Kapadia, Kapadia, CNBC's, U.S . Franklin Templeton's Yi Ping Liao, Liao, Deveshwar Organizations: Tata Group, Indian, Apple, Dixon Technologies, Kia, Divi's, Novartis, GSK, Merck, China, U.S ., TS Lombard, Inside, Mutual Fund Locations: India, China, Silicon Valley, Bengaluru, Kolar, Doddaballapura, Foxconn, Kia India, Anantapur —, Indonesia, Vietnam, Bangladesh, Mexico, Asia, Inside India, Brazil

☆ Water shortages are likely brewing future wars — with several flashpoints across the globe
▼ + stars: | 2024-09-05 | by ( Sam Meredith | In Samuelmeredith | ) www.cnbc.com time to read: +6 min

The Stockholm International Water Institute (SIWI), a non-profit with expertise in water governance, has said that even amid a possible rise in social conflicts and violence, "water can be a bridge to peaceful negotiations rather than a trigger or weapon of war." The severity of the global water crisis has been further underlined by an alarming rise in the number of security incidents. Egypt-Ethiopia tensionsVillanova University's Galgano identified nine international river basins as flashpoints in which conflict is either already taking place or the potential for armed conflict is high. These included the Nile Basin in Africa, the Tigris-Euphrates River Basins of southwestern Asia and the Helmand and Harirud Rivers along the border of Afghanistan and Iran. Major international river basins in conflict.

Persons: Hamed, Francis Galgano, You've, you've, Galgano, Idrees Mohammed, Villanova University's Galgano, Harirud Rivers, GERD, They've, Recep Tayyip Erdogan, Hussein Faleh Organizations: Afp, Getty, Villanova University in, CNBC, Department, Environment, Villanova University, Stockholm International Water Institute, World Resources Institute, Bharatiya Janata Party, BJP, Control, Villanova Locations: Lake Urmia, Iran, Villanova University in Pennsylvania, transboundary, Stockholm, Bengaluru, Mexico's, Tehran, India, Egypt, Ethiopia, Africa, Asia, Helmand, Harirud, Afghanistan, Turkey, Syria, Iraq, Iraq's, Basra

☆ I'm a VC in the world's fastest-growing major economy. I look for 5 traits in first-time founders.
▼ + stars: | 2024-08-20 | by ( Shubhangi Goel | ) www.businessinsider.com time to read: +6 min

Read previewThis as-told-to essay is based on a conversation with Rajiv Srivatsa, a partner at Antler India, a pre-seed venture capital firm based in Bengaluru. I'm a partner at Antler India, an early-stage venture capital fund. The classic Antler model includes running a cohort of individuals who are transitioning from being employees to startup founders. Ambition and scale: The venture capital industry does not work if you want small outcomes. We look for complements and see pair-ups between one person with a technical background and one person with business acumen.

Persons: —, Rajiv Srivatsa, I've, They're, it's, they've Organizations: Service, Business Locations: India, Bengaluru

☆ I quit Goldman Sachs to be a stay-at-home dad. More men should look after the kids so women can have careers.
▼ + stars: | 2024-08-11 | by ( Charissa Cheong | ) www.businessinsider.com time to read: +7 min

Read previewThis as-told-to essay is based on a transcribed conversation with Pranshu Dwivedi, 35, from New Delhi, about quitting his job at Goldman Sachs to be a stay-at-home dad. Business Insider verified his employment at Goldman Sachs with documentation. I joined Goldman Sachs as an intern in 2011, and in 2012 I got a full-time job as an analyst working in their Bengaluru office. AdvertisementI loved my experience at Goldman Sachs. I joined Goldman Sachs full-time in 2012, working on the equity research team.

Persons: —, Pranshu Dwivedi, Goldman Sachs, Goldman, I've, Hong Kong Goldman, We'd, wouldn't, She's, I'm, there's Organizations: Service, Goldman, Business Locations: New Delhi, Bengaluru, Hong Kong, Delhi, India

☆ CNBC's Inside India newsletter: Can India's hot deal-making season extend to a free trade agreement?
▼ + stars: | 2024-08-01 | by ( Ganesh Rao | ) www.cnbc.com time to read: +3 min

Customers browse the S1 Pro electric scooter of Ola Electric Mobility Pvt. SoftBank -backed Ola Electric is set to raise nearly three quarters of a billion dollars with a stock market listing. India and four European nations — Iceland, Liechtenstein, Norway and Switzerland — struck a free trade agreement (FTA) earlier this year. "Our Free Trade Agreement negotiations is the floor not the ceiling of our ambitions to unlock our shared potential and deliver growth, from Bengaluru to Birmingham," Lammy said last week before his visit. India and the U.K. also have high rankings on the World Bank's Trade Complementarity Index, which indicates whether countries are natural trade partners.

Persons: Ola, Samyukta Lakshmi, Bharat, Switzerland —, David Lammy, Lammy, Chietigj Bajpaee, Narendra Modi's, Aastha Gudwani, Murugesh Organizations: Ola Electric Mobility, Ola Experience, Ola, Bloomberg, Getty, Mankind, Vaccines, South, House, India, Indian, Bank of America's, NYSE Locations: Bengaluru, India, Iceland, Liechtenstein, Norway, Switzerland, New Delhi, Birmingham, South Asia, Bank of America's India, Singapore, Japan

On a sweltering morning at a truck yard in the northern Indian state of Haryana, he climbed into the cab of his 10-wheel tractor-trailer, started the engine and rumbled slowly onto the highway. Mr. Khan, 49, is a driver for Chetak Logistics, a major Indian trucking company. He stopped every couple of hours at roadside tea stands and restaurants, devouring snacks and chatting with other truck drivers. “I drive in a very leisurely manner,” Mr. Khan said. What’s the hurry?”For those who earn their living navigating the unpredictable highways of India, Mr. Khan was voicing an unimpeachably sensible mantra.

Persons: Ragib Khan, Khan, Mr, “ Organizations: Chetak Logistics Locations: Haryana, Indian, Bengaluru, India

☆ Shiite Muslims mark holy day of Ashura with mourning and self-flagellation
▼ + stars: | 2024-07-18 | by ( Kathleen Magramo | ) edition.cnn.com time to read: +2 min

CNN —Shiite Muslims across the globe on Tuesday observed Ashura, an annual commemoration mourning the seventh-century martyrdom of a grandson of the Prophet Mohammed. Ashura, or “the 10th day,” falls on the 10th day of Muharram, the first month in the Islamic calendar. Shiite Muslim devotees self-flagellate during Ashura rituals in New Delhi, India. Haidar Mohammed Ali/Anadolu/Getty ImagesA Shiite Muslim self-flagellates with curved knives on chains during an Ashura procession in Bengaluru, India. Bikas Das/APA "zuljanah," an ornately decorated horse representing Hussein's battle stallion, parades through the streets of Srinagar, Indian-controlled Kashmir.

Persons: Prophet Mohammed, Imam Hussein bin Ali’s, –, ”, Kabir Jhangiani, Saurabh, Imam Hussein, Haidar Mohammed Ali, Idrees Mohammed, Bikas Das, Yawar Nazir, Ameer Al, Ahmad Al, Nasir Kachroo Organizations: CNN, Anadolu, Getty Locations: Karbala, Iran, Iraq, Azerbaijan, Pakistan, India, New Delhi, Ahmedabad, Nasiriyah, Bengaluru, AFP, Kolkata, Srinagar, Indian, Kashmir, Sadr City, Baghdad, Sopore

☆ Asia’s 50 best bars for 2024 revealed
▼ + stars: | 2024-07-16 | by ( Lilit Marcus | ) edition.cnn.com time to read: +5 min

Hong Kong CNN —Bar Leone – an Italian cocktail spot in central Hong Kong – has been crowned the best bar in Asia. Bar LeoneBefore Bar Leone’s triumph, the top spot was held by another Hong Kong bar, mezcal-forward Coa, which spent a record three years atop the list. The list, which was first put together in 2017, added a new category this year recognizing best bar design. “Sustainability is also how we promote and preserve Korean bar culture.”Emma Sleight, head of content for 50 Best Bars and 50 Best Hotels, told CNN that Asia’s bar scene “is one of the best in the world, it’s incredibly young and dynamic and ever-changing. “Free drinks at Bar Leone for everyone tonight!” he shouted triumphantly, before leaning over to his colleagues and whispering, “The bar is closed tonight, right?”Asia’s 50 Best Bars for 20241.

Persons: Hong Kong CNN — Bar Leone –, Hong Kong –, “, ”, Lorenzo Antinori, Antinori, ” Lorenzo Antinori, Bar, Jay Khan, Hong Kong’s, –, Khan, ” Khan, Craftroom, Changsha’s, Demie Kim, Kim, Emma, Aubrey, Regis Organizations: Hong Kong CNN — Bar, CNN, Rosewood, Bar, Bar Leone, “, BKK Social, Hope, Sesame, Sago, Regis Bar, SG, Analogue Initiative, Employees, House, Chamber, Co Locations: Hong Kong, Hong Kong CNN — Bar Leone, Italian, Asia, Rome, Hong, Kowloon, Bar Leone, Singapore, Busan, Seoul, Tokyo, Bangkok, Penrose, Kuala Lumpur, Jakarta, Vesper, Guangzhou, Bar Cham, St, Macao, Offtrack, Pantja, Osaka, Sri Lanka, Vender, Taichung, Taiwan, Manila, Taipei, Barc, Kathmandu, ZLB23, Bengaluru, India, Fura, CMYK, Changsha, China, Hanoi

☆ OpenAI whistleblowers ask SEC to investigate alleged restrictive non-disclosure agreements
▼ + stars: | 2024-07-13 | by ( Chandni Shah | ) www.reuters.com time to read: +3 min

REUTERS/Dado Ruvic/Illustration/File Photo Purchase Licensing Rights New Tab , opens new tabJuly 13 (Reuters) - OpenAI whistleblowers have filed a complaint with the U.S. Securities and Exchange Commission, calling for an investigation over the artificial intelligence company's allegedly restrictive non-disclosure agreements, according to a letter seen by Reuters. The AI company allegedly made employees sign agreements that required them to waive their federal rights to whistleblower compensation, according to the letter. The whistleblowers requested the SEC to fine OpenAI for each improper agreement made to the extent the agency deemed appropriate. The whistleblowers alleged that OpenAI issued overly restrictive employment, severance and non-disclosure agreements to its employees, which could have led to penalties against workers who raised concerns about OpenAI to federal authorities. The letter also asked the SEC to require OpenAI to produce every contract that contained a non-disclosure agreement, including employment agreements, severance agreements and investor agreements for inspection.

Persons: Dado Ruvic, Sen, Chuck Grassley, OpenAI, Grassley, Sam Altman, Chandni Shah, Jonathan Landay, Franklin Paul, Diane Craft Organizations: REUTERS, U.S . Securities, Exchange Commission, Reuters, SEC, Washington Post, Security, Thomson Locations: Bengaluru, Washington

☆ Wall Street banks see investment banking improvement, with some caution
▼ + stars: | 2024-07-12 | by ( ) www.reuters.com time to read: +3 min

The results by three major U.S. banks kicked off the second-quarter earnings season. Maximize Item 1 of 2 Signs of JP Morgan Chase Bank, Citibank and Wells Fargo & Co. bank are seen in this combination photo from Reuters files. REUTERS/File Photo [1/2] Signs of JP Morgan Chase Bank, Citibank and Wells Fargo & Co. bank are seen in this combination photo from Reuters files. Wells Fargo CFO Mike Santomassimo said on a call that the bank has seen good activity across the investment grade desk, capital markets and the leverage finance business. Goldman's earnings are expected to more than double versus the second quarter of 2023, when they dropped to a three-year low.

Persons: Wells, Goldman Sachs, Morgan Stanley, Mark Mason, Mason, JP Morgan, Jeremy Barnum, Mike Santomassimo, Moody's, Goldman, Noor Zainab Hussain, Manya Saini, Niket, Nupur Anand, Tatiana Bautzer, Saeed Azhar, Megan Davies, Matthew Lewis Organizations: Citigroup, JPMorgan, Citi, Equity, JP Morgan Chase Bank, Citibank, Wells Fargo & Co, Chevron Chevron, Morgan, Thomson Locations: Chevron Chevron The U.S, U.S, Bengaluru, New York

The shares pared some gains and closed at C$27.98, giving the company a market capitalization of C$3.44 billion ($2.52 billion). The Lundin family holds a 32% stake in copper miner Filo Corp, while BHP holds a 6% stake in the company, according to recent regulatory filings and LSEG data. Lundin, BHP and Filo Corp did not immediately respond to a Reuters request for comment. Bloomberg News reported earlier on Friday that Lundin had pitched BHP on a joint bid for Filo. New Tab , opens new tabSave Share XFacebookLinkedinEmailLink Purchase Licensing Rights

Persons: Dado, Filo, Lundin, Divya Rajagopal, Mrinalika Roy, Maju Samuel, Josie Kao Organizations: BHP, REUTERS, Lundin, Filo, Lundin Mining, Filo Corp, Bloomberg News, Thomson Locations: Canada, Sol, Chile, Argentina, Lundin, Toronto, Bengaluru

REUTERS/Tom Bateman/File Photo Purchase Licensing Rights New Tab , opens new tabJuly 10 (Reuters) - Costco Wholesale (COST.O) New Tab , opens new tab said on Wednesday it would hike annual membership fees for the first time in seven years for its U.S. and Canada customers, effective Sept. 1. Costco said the maximum annual 2% reward associated with executive membership will also increase to $1,250 from $1,000. "The market has been expecting (discussion of) a membership fee hike for a couple years ... management historically tends to raise membership rates every 5 to 6 years," said Michael Ashley Schulman, chief investment officer at Running Point Capital Advisors. For fiscal 2023, membership fee revenue accounted for 1.9% of the company's total revenue. New Tab , opens new tabSave Share XFacebookLinkedinEmailLink Purchase Licensing Rights

Persons: Tom Bateman, Costco, Michael Ashley Schulman, Schulman, Granth, Mohammed Safi Shamsi Organizations: Costco, REUTERS, Costco Wholesale, Running, Capital Advisors, Thomson Locations: Meiwa, Gunma Prefecture, Japan, Canada, Bengaluru

☆ 'Shadow Stand-Ins': How Workers Secretly Outsource Their Jobs
▼ + stars: | 2024-06-30 | by ( Rob Price | ) www.businessinsider.com time to read: +20 min

Related storiesThough Remi recruited people she knew, shadow stand-ins are often sourced from a complex online web of faceless providers. Facebook Groups are a popular forum for recruiting shadow stand-ins, providing a two-sided marketplace where workers and providers can connect to one another. The dustup highlighted a key drawback to shadow stand-ins: While alluring, things can go horribly wrong. "It required a lot of micromanaging," said a backend engineer in Pennsylvania who hired shadow stand-ins to help him juggle multiple jobs. Pay rates for shadow stand-ins are "definitely more than what people earn in their regular payday, that's for sure," he said.

Persons: Remi, Zer, couldn't, — Remi, Walter Keane, Margaret, Tim Ferriss, Raj Kumar, isn't, Kevin, Andrew, it's, Lorenzo Matteucci, Brandon Nowak, —, Amber Clayton, Tim Woodruff, Woodruff, they're, Ranjan, Kiran, Rahul, Peter Steele, Michel Anteby, doesn't Organizations: Business, Labor, Verizon, Southwestern, Facebook, Amazon Web Services, BI, Companies, Corporations, Society for Human Resource Management, Secret Service, Department of, Treasury, FBI, LinkedIn, Boston University Locations: Chicago, India, Pakistan, China, Southwestern US, Atlanta, San Jose , California, Bengaluru, American Java, Southeast Asia, United States, Colorado, Southern California, Pennsylvania, Washington, Indian, Michigan, Oregon, England

☆ KKR acquires $2.1 bln portfolio of multifamily real estate assets from Quarterra
▼ + stars: | 2024-06-25 | by ( ) www.reuters.com time to read: +1 min

REUTERS/Brendan McDermid/File Photo/File Photo Purchase Licensing Rights New Tab , opens new tabJune 25 (Reuters) - Investment firm KKR (KKR.N) New Tab , opens new tab acquired a portfolio of 18 multifamily real estate assets on Tuesday from a closed end fund sponsored by developer Quarterra Multifamily for about $2.1 billion. The portfolio includes 5,200 units across California, Washington, Florida, Texas, Georgia, North Carolina, Colorado and New Jersey. "We believe this is a great moment to invest in real estate, as transaction activity starts to pick up on the heels of two-years of dislocation in commercial real estate markets," said Justin Pattner, KKR's head of real estate equity in the Americas. KKR will partner with prominent multifamily real estate operators Carter-Haston, MG Properties and Dalan Real Estate to operate the assets. New Tab , opens new tab

Persons: Brendan McDermid, Quarterra, Justin Pattner, Carter, Pritam Biswas, Krishna Chandra Organizations: KKR, New York Stock Exchange, REUTERS, Investment, Thomson Locations: New York, U.S, California, Washington , Florida , Texas, Georgia, North Carolina , Colorado, New Jersey, Americas, Bengaluru

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