Sectors
SAC investigation leads to the arrest of Sandeep Aggarwal
SAC probe led the arrest of Sandeep Aggarwal yesterday, after having been charged to illegally provide tips to former hedge fund manager, Richard Lee.
Qwilt targets online video delivery optimization with additional US$16 mln funding
Bessemer Venture Partners helps Qwilt expand delivery globally with US$16 million in funding. Online video platform provider Qwilt gained US$16 million in a series C financing round led by venture capital firm Bessemer Venture Partners.
Deutsche Bank to Reduce Assets US$332 Billion as Net Income Falls
Europe's largest bank is forced to cut costs after profits drop nearly 50%. Europe's Deutsche Bank AG announced its plans to cut assets by EUR 250 billion (US$332 billion) earlier today, following the dramatic decline in its profits.
EGoM to settle price band for Neyveli stake sale
EGoM is set to decide pricing on the proposed sale of 3.56% stake in Neyveli Lignite Corporation on Wednesday.