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☆ I've been to bachelorette parties in places like Hawaii and Las Vegas, but a Canadian city has been the best destination so far
▼ + stars: | 2024-08-22 | by ( Latifah Al-Hazza | ) www.businessinsider.com time to read: +4 min

I've been to Cabo, Napa, Puerto Rico, Palm Springs, India, Hawaii, Las Vegas, and more to celebrate dear friends who were getting married. Latifah Al-HazzaMy absolute favorite part of the trip was renting dresses at The Fitzroy for a night at the opera. AdvertisementI never expected a Canadian city to become my favorite bachelorette destinationI can't believe I got to wear a stunning gown to the opera in Toronto. It ended up being an incredible destination for a bachelorette party — and would probably be great for any old girls' trip, too. The diverse activities, luxe accomodations, and memorable meals made Toronto my favorite bachelorette-party destination to date.

Persons: —, I've, I'm, Latifah Al, Hazza, Boulud Organizations: Service, Business, Toronto, Michelin, CN, Niagara Helicopters Limited, Bata Shoe, The Fitzroy, Fitzroy Locations: Cabo, Napa , Puerto Rico, Palm Springs, India, Hawaii, Las Vegas, Toronto, Yorkville, Baro, It's, Niagra, Niagara Falls, Distillery, The, Canadian

☆ Harris' foreign policy record suggests focus on China, Indo-Pacific, CFR political scientist says
▼ + stars: | 2024-08-21 | by ( Dylan Butts | ) www.cnbc.com time to read: +3 min

U.S. Vice President Kamala Harris and Philippines President Ferdinand Marcos Jr., along with their partners, meet at the Vice President's residence in Washington, DC, U.S., on Tuesday, May 2, 2023. Bloomberg | Bloomberg | Getty ImagesVice President Kamala Harris would likely prioritize countering China and strengthening partnerships in the Indo-Pacific region if she were to win the White House, according to American political scientist Rush Doshi. watch nowOn Sunday, the DNC released the 2024 policy platform document ahead of its convention. For insight into Harris' position on the Indo-Pacific, Doshi instead suggested taking into account the policymaker's past work there. Those leaders include now Taiwanese President William Lai in January while he was still vice president and Chinese President Xi Jinping later that same year.

Persons: Kamala Harris, Ferdinand Marcos Jr, Rush Doshi, Harris, Doshi, shouldn't, Joe Biden, William Lai, Xi Jinping, Fumio Kishida, Mike Johnson, Win Mcnamee Organizations: Bloomberg, Getty, White, Democratic, Committee, Europe, China Strategy Initiative, Council, Foreign Relations, DNC, Biden, U.S, Capitol Locations: Philippines, Washington , DC, China, Pacific, Europe, Asia, Hong Kong, Xinjiang, Philippine, Australia, United Kingdom, India, Japan

☆ 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

☆ After medic's rape and murder, Indian doctors stage 24-hour nationwide strike
▼ + stars: | 2024-08-16 | by ( Charmaine Jacob | In Charmainemariajacob | ) www.cnbc.com time to read: +1 min

Medical professionals and students participate in a silent march as they condemn the rape and murder of a doctor, in Kolkata on August 15, 2024. The Indian Medical Association, the largest association of modern medicine doctors in India, has called for the suspension of non-emergency medical services for 24 hours across the country after a female trainee doctor was raped and murdered last week at a hospital. The IMA alleged that police and authorities had handled the murder and rape case "shabbily." Reuters reported that the 31-year-old victim was killed inside the medical college where she worked, and was found dead last Friday. Police said she had been raped and a police volunteer was later arrested in connection with the crime.

Organizations: Indian Medical Association, IMA, Reuters, Police Locations: Kolkata, India, India's West Bengal

According to state-owned All India Radio, federal forensic experts and medical officers were expected to visit the R.G. Kar Medical College and Hospital, where authorities found the body of the 31-year-old resident doctor in a seminar hall on Friday. The case also highlights India’s long struggle to tackle violence against women, despite some of the world’s most stringent laws. Medical associations across the country joined the action, calling for a federal investigation and overhaul of security measures at hospitals. Videos from Kolkata showed doctors wearing white coats and stethoscopes chanting and raising banners reading “we want justice.”Similar protests continued in other cities across India.

Persons: —, Dibyangshu Sarkar, Jagat Prakash Nadda, Doctors “, Nadda Organizations: India Radio, Kar Medical College and Hospital, . Police, Indian Medical Association, Getty, of Resident, Association, Central Healthcare Protection, Federation of All India Medical Association, Lohia, IMA, National Medical Commission, Crime Records Locations: India, Kolkata, West Bengal, AFP, New Delhi, India’s

☆ Former Bangladesh leader calls for inquiry into killings during unrest that led to her ouster
▼ + stars: | 2024-08-14 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms Ap-Live-Blog-Byline-Image.Png | The Associated Press | ) www.nbcnews.com time to read: +5 min

Some of the violence pitted student activists against pro-government student and youth groups and police, and many of those who died were among the student activists. However, Hasina’s statement underlined that police officers, members of her Awami League political party, bystanders and others also were victims of what she described as “terrorist aggression.” She previously has blamed opposition parties for stoking the unrest. Hasina’s statement came as the country’s interim government on Tuesday canceled a public holiday that she had declared for Thursday to mark the death of her father, Bangladesh’s independence leader Sheikh Mujibur Rahman. The cancellation came at the request of at least seven political parties, including the main previous opposition group, the Bangladesh Nationalist Party. An interim government is now running the country, with Muhammad Yunus, a Nobel peace laureate, sworn in as interim leader.

Persons: Bangladesh —, Sheikh Hasina, Hasina, Sajeeb Wazed Joy, Hasina’s, Sheikh Mujibur Rahman, S.M, Amir Hamza, Abu Sayeed, Rajesh Chowdhury, Hamza, Sayeed, Asaduzzaman Khan, Obaidul Quader, Rajib, Anisul Huq, Salman F, Rahman, Mainul Hasan, Muhammad Yunus Organizations: Awami League, Bangladesh Nationalist Party, Home, Awami League party’s, Mohammadpur, Police Locations: DHAKA, Bangladesh, India, Dhaka, Rajib Dhar, U.S

☆ He’d been single all his life. Then he fell in love with a stranger on vacation
▼ + stars: | 2024-08-14 | by ( Francesca Street | ) edition.cnn.com time to read: +18 min

When Yasmine invited her to join the road trip across Turkey, Sema happily accepted. “I knew nothing about them.”And then, when she was introduced to Kenneth, Sema also felt an instant connection to him. Kenneth Wayne HarlOver the next few days, as Kenneth, Sema and their friends Jason and Yasmin drove across Turkey, Kenneth and Sema grew closer. Kenneth and Sema spent the rest of the ferry crossing basking in the glow of each other’s affection. “In Urfa, the four of us attended a dinner and traditional dance performance in the evening,” recalls Kenneth.

Persons: Kenneth Harl, Sema, “, Kenneth, ” Kenneth, Jason, Yasmine, ”, Nemrut, She’d, – she’d, hadn’t, ” Sema, –, Kenneth Wayne Harl, Yasmin, Nemrut Dağ, Kenneth wasn’t, Jason – who’d, ‘, ’, ’ ”, ” Jason, – you’re, it’d, it’s, Kenneth Wayne Harl Kenneth, They’d, Ken, who’d, you’re, ” “, hasn’t, “ I’m, he’d, We’ve, I’m, He’s Organizations: CNN, CNN Travel, Tulane University, Tulane, UNESCO, Heritage, Sema, Skype, American Research Institute, London, ” Locations: Malatya, Turkey, New Orleans, Izmit, Jason, Urfa, Harran, Sema, Nemrut, United States, Istanbul, Büyük Ada, ’, Ankara, Paris, India, France, Hurricane

☆ Bangladesh court orders murder probe into ousted former leader Sheikh Hasina
▼ + stars: | 2024-08-14 | by ( Lex Harvey | ) edition.cnn.com time to read: +3 min

The murder complaint, filed Tuesday in the Dhaka Metropolitan Court, is the first legal case to be filed against Hasina following her deadly crackdown on huge protests against government employment quotas, that erupted across Bangladesh last month. The murder case also names Hasina’s former home minister Asaduzzaman Khan, the general secretary of her party, and four former top police officers. In her first public remarks since leaving Bangladesh, Hasina on Tuesday called for an investigation into the “heinous killings and acts of sabotage” during the protests. Anti-government protestors storm ousted Prime Minister Sheikh Hasina's palace in Dhaka, Bangladesh on August 5, 2024. When the protests escalated, Hasina blamed the opposition for the violence and imposed internet blocks and an indefinite curfew across the country.

Persons: CNN —, Sheikh Hasina’s, Hasina, Asaduzzaman Khan, ”, ” Hasina, Sheikh Hasina's, Parvez Ahmad Rony, jubilation, Muhammad Yunus Organizations: CNN, Bangladesh Sangbad, Dhaka Metropolitan Court, United Nations ’, Getty Locations: Bangladesh, Dhaka, AFP, India

☆ How ‘Deepfake Elon Musk’ Became the Internet’s Biggest Scammer
▼ + stars: | 2024-08-14 | by ( Stuart A. Thompson | ) www.nytimes.com time to read: +13 min

How ‘Deepfake Elon Musk’ Became the Internet’s Biggest Scammer An A.I.-powered version of Mr. Musk has appeared in thousands of inauthentic ads, contributing to billions in fraud. Mr. Beauchamp, an 82-year-old retiree, saw a video late last year of Mr. Musk endorsing a radical investment opportunity that promised rapid returns. “I mean, the picture of him — it was him,” Mr. Beauchamp said about the video he saw of Mr. Musk. Original A.I. Audio Original Original A.I.

Persons: ‘ Deepfake Elon, Musk, Steve Beauchamp, Elon, Beauchamp, —, ” Mr, ‘ Pick, ’ that’s, “ It’s, ”, Francesco Cavalli, Scammers, Thorold Barker, Sensity, Warren Buffett, Jeff Bezos, “ Elon, Donald J, Trump, Elon Musk, Andrew Forrest, scammers, Lou Steinberg, Cavalli, Eastern Europe — cobble, “ There’s, Molly White, Finn Brunton, Davis, “ I’m Organizations: A.I, Deloitte, Wall, Street, Amazon, India, Facebook, YouTube, Better Business Bureau, CNET, Meta, Hong Kong’s Securities, Futures Commission, Federal Trade Commission, Federal Bureau of Investigations, TED, Fox News, Eastern Europe —, Tesla, University of California, CNN, New York Times, Magna, The New York Times, Better Locations: Sensity, India, Russia, China, Eastern Europe, Ontario, Canada

☆ India's Nifty 50 could reach 30,000 level 'much sooner' than 2030: Strategist
▼ + stars: | 2024-08-14 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailIndia's Nifty 50 could reach 30,000 level 'much sooner' than 2030: StrategistKranthi Bathini, director of equity strategy at WealthMills Securities, says it's a "liquidity-led rally."

Persons: Kranthi Bathini Organizations: WealthMills Securities

Mujib Mashal is the South Asia bureau chief for The Times, helping to lead coverage of India and the diverse region around it, including Bangladesh, Sri Lanka, Nepal and Bhutan.

Persons: Mujib Mashal Organizations: The Times Locations: South Asia, India, Bangladesh, Sri Lanka, Nepal, Bhutan

☆ A Tesla fan in India preordered a Model 3 in 2016. He waited 7 years, and the car still hadn't shown up.
▼ + stars: | 2024-08-14 | by ( Aditi Bharade | ) www.businessinsider.com time to read: +4 min

Read previewTesla fan Vishal Gondal from Mumbai said he preordered a Tesla Model 3 in April 2016, excited about the car's "cutting-edge EV technology." Gondal is one of the Tesla fans in India who preordered the Model 3 in 2016 and were left hanging for years for cars that never arrived. Advertisement"I initially expected to wait one to two years but ended up waiting nearly eight years with no car," Gondal told BI. It lowered import taxes on EVs made by companies that commit to investing at least $500 million and start domestic manufacturing within three years, per Reuters. AdvertisementRepresentatives for Tesla did not immediately respond to requests for comment from Business Insider sent outside regular business hours.

Persons: —, Vishal Gondal, Elon Musk's, Tesla, Gondal, Hemant Suthar, Elon Musk, Musk Organizations: Service, Tesla, Business, Audi, Musk's EV, Associated Press, Reuters, Business Insider Locations: Mumbai, India, Europe, Asia, Pacific

☆ Reliance, Disney offer concessions to win antitrust nod for India media merger, Reuters reports
▼ + stars: | 2024-08-14 | by ( ) www.cnbc.com time to read: +1 min

Reliance and Walt Disney have offered to sell some channels to win faster antitrust approval for their $8.5 billion India media assets merger, but are resisting changes to cricket broadcast rights they own, two sources familiar with the matter said. Antitrust experts have warned that the Reliance-Disney merger, announced in February, could face intense scrutiny as it will create India's biggest entertainment player which will compete with Sony , Zee Entertainment , Netflix and Amazon with a combined 120 TV channels and two streaming services. The sources said some of the concessions being offered relate to regional Indian language channels where the two companies may have a dominant market share. Zee and Sony planned to create a $10 billion TV behemoth in India and in 2022 offered concessions by selling three TV channels. That helped them win CCI approval, but the merger eventually collapsed.

Persons: Walt Disney, Mukesh Ambani's Organizations: Walt, Antitrust, Disney, Sony, Zee Entertainment, Netflix, Competition Commission of India, Reliance, Zee Locations: India

☆ India launches app to lower deaths caused by wild elephants
▼ + stars: | 2024-08-14 | by ( Charmaine Jacob | In Charmainemariajacob | ) www.cnbc.com time to read: +2 min

The state of Assam, in northeastern India, has launched a mobile app that warns people of incoming herds of wild elephants in an effort to reduce violent encounters between humans and the land giants. Clashes between humans and elephants are not uncommon in India, and have continued to rise in recent years. Human-elephant conflicts in the state caused more than 200 elephant deaths and 400 human deaths from 2017 to 2022, the organization reported. "The application will act as an early warning system about presence of wild elephants in the proximity of human settlements so as to help villagers avoid negative interface with wild elephants," Aaranyak said in a Facebook post following the app's launch this month. Along with the launch of the app, Aaranyak also released a handbook with information on using solar-powered fences to keep elephants away from humans and property.

Persons: Aaranyak Organizations: Aaranyak Locations: Assam, India, Aaranyak, Karnataka

☆ Kolkata, India: Doctors strike to protest rape, murder of trainee medic in RG Kar Medical College and Hospital
▼ + stars: | 2024-08-13 | by ( Samra Zulfaqar | ) edition.cnn.com time to read: +3 min

Images showed doctors in Kolkata and the capital Delhi holding signs reading: “Save our doctors, save our future.” In the southern city of Hyderabad, doctors held a candlelight vigil. Police officers stand outside the emergency ward during a doctors' strike to protest the rape and murder of a medic at RG Kar Medical College and Hospital in Kolkata, India, on August 11, 2024. India has struggled for years to tackle high rates of violence against women, with a number of high-profile rape cases drawing international attention to the issue. According to India’s National Crime Records Bureau, a total of 31,516 rape cases were recorded in 2022, an average of 86 cases per day. Despite these changes, rape cases remain prevalent in the country – with victims and advocates saying the government is still not doing enough to protect women and punish attackers.

Persons: ”, Sarvesh Pandey, Sudipta Das, Mamata Banerjee Organizations: New, New Delhi CNN, Kar Medical College, Hospital, CNN, Federation of Resident, Association, Indian Medical Association, Police, AP West Bengal, Crime Records Locations: New Delhi, India, West Bengal, Kolkata, Delhi, Hyderabad

☆ With ‘Cancer Moonshot’ announcement, Biden turns to causes most important to him in final months in office
▼ + stars: | 2024-08-13 | by ( Kayla Tausche | ) edition.cnn.com time to read: +8 min

On Tuesday, Biden highlighted $150 million in new research awards to eight organizations, including $23 million to Tulane University, the backdrop for the announcement. I know we can, but it’s not just personal — it’s about what’s possible,” Biden said Tuesday. And the White House will also look to ramp up its diplomatic engagement with India, an ally that has become a critical partner to the US in countering China’s aggression in the region. “We want to create a more prosperous and secure Indo-Pacific and the world,” White House press secretary Karine Jean-Pierre said. Implementation awaitsDomestically, the White House remains focused, first and foremost, on getting money out the door and shovels in the ground on Biden’s signature legislative measures.

Persons: Joe Biden’s, Beau Biden’s, Biden, “, it’s, ” Biden, Kamala Harris –, Harris, Moonshot, Beau Biden he’d, ’, you’ll, ”, –, Jeff Zients, Russia’s Vladimir Putin, Xi, Karine Jean, Pierre said, Zients, Natalie Quillian, Tom Vilsack, ” Vilsack, CNN’s Samantha Waldenberg Organizations: CNN, Tulane University, Biden, CBS News, White, US, Infrastructure Investment, Jobs, The Commerce Department, Treasury Department, Agriculture, Department of Agriculture Locations: Pennsylvania, North Carolina, United States, Brazil, India

☆ Value of company run by one of the world's richest people slides after new allegations by a New York short-seller
▼ + stars: | 2024-08-13 | by ( Hannah Abraham | ) www.businessinsider.com time to read: +1 min

Short-seller Hindenburg Research made accusations against the head of India's market regulator. It said that the regulator had links to offshore funds also used by the Adani Group. Adani companies lost around $2.43 billion in market value during a share sell-off on Monday. AdvertisementGautam Adani, one of the world's richest men and founder of Adani Group, has suffered yet another setback. This week, fresh accusations by activist short-seller Hindenburg Research led to a heavy share sell-off at Adani's group of companies, wiping off around $2.4 billion in their total market value, according to Reuters.

Persons: —, Gautam, Hindenburg Organizations: Hindenburg, Adani, Service, Hindenburg Research, Reuters, Business Locations: New York

☆ Western sanctions are so tight that Russia and China could soon use an ancient trading system. It's worked before.
▼ + stars: | 2024-08-13 | by ( Huileng Tan | ) www.businessinsider.com time to read: +4 min

Read previewRussia and China are planning to revive the age-old practice of barter trade to get around Western sanctions, Reuters reported on Thursday. Since barter trade doesn't require monetary payments, it would allow Russia and China to skirt such issues. Russia has used barter trade beforeIt would not be Russia's first time using barter trade. Problems with barter tradeEven so, barter trade isn't widely practiced in modern society. Russian authorities are working on other ways to skirt Western payment sanctions.

Persons: —, Alexandra Prokopenko Organizations: Service, Reuters, Business, Russia, Kommersant, United Arab, RIA Novosti, Carnegie Russia Eurasia Center Locations: Russia, China, Russian, Ukraine, United Arab Emirates, Turkey, Austria, Afghanistan, Iran, Pakistan, India

☆ Google Debuts A.I.-Powered Phones in Latest Attempt to Best the iPhone
▼ + stars: | 2024-08-13 | by ( Nico Grant | ) www.nytimes.com time to read: +1 min

When Google released its first Android smartphone in 2008, the company’s founders slid onstage in roller skates. On Tuesday, executives left the skates behind but kept to the tone of that pitch: Google crammed all the cutting-edge technology it could into the latest Pixel phones. Google is hoping the features will help the four new phones — including the Pixel 9, Pixel 9 Pro and the double-wide Pixel 9 Fold — finally overcome consumer apathy to its smartphone ambitions. It is Google’s latest attempt to make a splash in a smartphone market dominated by its partner Samsung, as well as by Apple, which has already detailed the A.I. It has about 5 percent of the smartphone market in the United States, and generally less than that in other major markets, like Britain, Germany and India, according to Statista, which compiles data.

Persons: Larry Page Organizations: Google, Samsung, Apple Locations: United States, Britain, Germany, India

☆ Deadly Landslides in India Made Worse by Climate Change, Study Finds
▼ + stars: | 2024-08-13 | by ( Austyn Gaffney | ) www.nytimes.com time to read: +1 min

A sudden burst of rainfall on July 30 caused a cascade of landslides that buried hundreds of people in the mountainous Kerala region of southern India. That downpour was 10 percent heavier because of human-caused climate change, according to a study by World Weather Attribution, a group of scientists who quantify how climate change can influence extreme weather. Nearly six inches, or 150 millimeters, of rain fell on soils already highly saturated from two months of monsoon and marked the third highest single-day rain event on record for India. “The increase in climate-change-driven rainfall found in this study is likely to increase the number of landslides that could be triggered in the future.”In a state that is highly prone to landslides, the Wayanad district is considered the riskiest part. As of Tuesday, at least 231 people had died and 100 remained missing.

Persons: ”, Maja Vahlberg Organizations: India, Climate Locations: Kerala, India, Wayanad

☆ 1st Pakistani individual gold medalist, whose village helped fund his Olympic path, returns home a hero
▼ + stars: | 2024-08-12 | by ( Kimmy Yam | Kimmy Yam Is A Reporter For Nbc Asian America. | ) www.nbcnews.com time to read: +5 min

After Pakistani javelin athlete Arshad Nadeem hurtled his way into the Olympic history books, his country threw him welcome celebrations fit for a king. Arshad Nadeem, 27, took the top spot in javelin last week in the Paris Games, becoming the first Pakistani to win an individual gold medal in the country’s history. Arshad Nadeem outside his village in Mian Channu, Pakistan, on Aug. 11. Arshad Nadeem of Pakistan during the men's javelin throw final at the Paris 2024 Olympics, on Aug. 8. “We developed our own weight training apparatus by using iron rods, canisters of oil and concrete.”Gold medalist Arshad Nadeem of Pakistan during the victory ceremony.

Persons: Arshad Nadeem hurtled, Arshad Nadeem, Asim Tanveer, Nadeem, Mian Channu, ”, Neeraj Chopra, Arshad Nadeem of, Matthias Schrader, Salman Iqbal Butt, Ali Sher Bajwa, ” Nadeem, Arshad, Muhammad Ashraf, “, Shahid Nadeem, Kirill Kudryavtsev, Chopra, ” Chopra, “ Arshad, that’s, “ I’ve, Imran Khan, “ Neeraj, Al Organizations: Paris Games, Express Tribune, Olympics, Barcelona Games, Times, Reuters, Getty, Economic Times, Al, Indian Express Locations: Lahore, Mian Channu, Pakistan, Mian, Los Angeles, Arshad Nadeem of Pakistan, Times of India, AFP, India

Lacrosse, cricket, baseball and softball — by way of Oklahoma City — are set to make their Olympic returns to L.A. 2028. Breaking, the New York-rooted, 1980s dance form, appeared to be well-received here in Paris but wasn't invited to the L.A. party. The fledgling World Boxing hopes to be that new international body that can gain enough support from national boxing federations to fill the IBA void. Spain's Enmanuel Reyes Pla is punched by Belgium's Victor Schelstraete in the men's 92kg quarter-final boxing match during the Paris 2024 Olympic Games. The mayor pointed out that predictions of traffic armageddon in 1984, when the Olympics were last in L.A., never materialized.

Persons: Luke Hales, wasn't, Ami, Elsa, Eric Quinlan, Alison Palaia, “, ” Palaia, “ We’ve, ”, Palaia, Roland, Spain's Enmanuel Reyes Pla, Belgium's Victor Schelstraete, Mohd Rasfan, Paris, Boris Van Der Vorst, Karen Bass, Bass, “ Angelinos, ” Bass, Vivianne Robinson, Sebastian Kahnert, I'm Organizations: PARIS, Lacrosse, Flag, Team Japan, India, Team Netherlands, Olympics, Boxing Association, Boxing, Garros, Getty, NFL, Associated Press, Santa Monica Locations: Los Angeles, Oklahoma, L.A, New York, Paris, U.S, New York City, Brisbane, Russian, AFP, Inglewood, COVID, Southern California

☆ India's Bharti to buy Drahi's stake in BT, worth $4 billion
▼ + stars: | 2024-08-12 | by ( ) www.cnbc.com time to read: +2 min

India's Bharti Enterprises said it would acquire a 24.5% stake in BT , worth about 3.2 billion pounds ($4 billion), buying out the British company's top investor, telecoms tycoon Patrick Drahi, as his Altice group struggles with high debts. The Indian company said it would buy an initial 9.99% stake before seeking to add the remaining 14.51% following regulatory approvals. Bharti said it supported BT's executive team and strategy as the group pushed forward with an "ambitious" transformation programme to deliver long-term sustainable growth. BT's shares have risen by 24% in the last six months as the fruits of its long-term investment plan to build the country's fibre network start to materialise. "This scale of investment from Bharti Global is a great vote of confidence in the future of BT Group and our strategy," Kirkby said in a statement following the investment.

Persons: India's, Patrick Drahi, Bharti, Drahi, Carlos Slim, Allison Kirkby, Kirkby Organizations: India's Bharti Enterprises, BT, UK National Security and Investment, Bharti Global, BT Group Locations: Abu Dhabi

☆ CEO of India's Biocon discusses first-quarter results
▼ + stars: | 2024-08-12 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCEO of India's Biocon discusses first-quarter resultsPeter Bains, group CEO of the biopharmaceutical company, outlines its growth outlook.

Persons: India's Biocon, Peter Bains

☆ Why $48 billion Viking Global is focused on its talent pipeline
▼ + stars: | 2024-08-12 | by ( Bradley Saacks | ) www.businessinsider.com time to read: +4 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewViking Global — the $48 billion Tiger Cub launched in 1999 — has had to replace talented people many times throughout its 25 years of existence. AdvertisementA person close to the manager told Business Insider that the manager decided to be "proactive instead of reactive" in hiring analysts for its investing teams. Viking traditionally had hired analysts after they'd spent two years in banking and another two in private equity. The person close to the firm said that underneath Walsh, portfolio manager Previn Mankodi has been promoted to deputy CIO, and Scott Zinober and Hani Sabbagh have each been bumped up to senior portfolio manager.

Persons: —, Brian Olson, David Ott, Andreas Halvorsen, Dan Sundheim, Ben Jacobs, Ning Jin, he's, they'd, Matt Sharp, Justin Walsh, Walsh, Previn Mankodi, Scott Zinober, Hani Sabbagh Organizations: Service, Tiger Cub, Business, Viking, Suvretta Locations: Suvretta Capital, Viking, China, India, France, Korea

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