Some stocks exhibit a remarkable ability to bounce back after long periods of downturns, showcasing their resilience and strength. After plunging to an all-time low in May, Paytm's stock staged a stunning rally, reaching a three-year high by December. Additional positive developments supporting the stock's rebound include the Ministry of Finance’s approval for foreign direct investment in its subsidiary PPSL …
NEW DELHI: Antfin Singapore is reportedly looking to sell Zomato shares worth $408 million or about Rs 3,400 crore. Antfin sold 9.7 crore shares of Zomato in March for Rs 2,827 crore. Antfin Singapore Holding held 37.38 Cr shares, or a 4.3% stake, in Zomato at the end of the June quarter of 2024, according to exchange data. The fresh …
-- UBS Group AG is in discussions to attain full ownership of its China platform by swapping its holding in Credit Suisse’s onshore securities venture with a Beijing government investment fund, according to people familiar with the matter. The Zurich-based lender is proposing to buy its remaining 33% stake in UBS Securities Co. from Beijing State-Owned Assets Management Co. and …
UBS Group AG is emerging as a rare winner in Credit Suisse Group AG’s crisis after a historic, government-brokered deal that contains a raft of financial shock absorbers. The Winner: Ralph Hamers UBS’s chief executive officer will see the bank’s wealth and asset management invested assets soar to about $5 trillion and got a special waiver to keep Credit Suisse’s …
KKR & Co. has agreed to acquire a Japanese real-estate joint venture between Mitsubishi Corp. and UBS Group AG for $2 billion, it said Thursday. The joint venture, known as Mitsubishi Corp.-UBS Realty Inc., is one of the largest real-estate asset managers in Japan with $15 billion in assets under management, KKR said. The company manages two Japanese real-estate investment …