Experts say companies wanting to launch IPOs will have to scale back their expectations given the fall in valuations. After witnessing a dream December quarter, investment bankers had a hard wake-up call as the equity capital market (ECM) fee pool shrank dramatically in the March quarter on the back of […]

The company is aiming to become a superapp, offering an array of travel services to provide customers with a one stop shop. Under plans to be piloted first in the UK, Uber will begin adding long distance travel options with inter-city trains and coaches available this summer. It aims to […]

But there would be greater safety in the larger ones. The IT sector could be a hedge against the generally worsening macro situation for the Indian economy. It has a reverse correlation with the rupee. If the rupee weakens, the IT industry gains since the earnings are primarily in hard […]

NBCUniversal has added two streaming vets to Peacock’s executive roster, installing Shannon Willett as Chief Marketing Officer and Brian Henderson as EVP of programming. Both are newly established positions at the company. Willett comes to NBCU from Netflix, while Henderson had been at Hulu. Both will report to Peacock President […]

Shares of Lululemon Athletica Inc. (LULU) jumped over 7% in extended trading session on Tuesday after the company reported a fourth-quarter profit that surged from a year ago, driven largely by strong revenues. Earnings for the quarter trumped Wall Street estimates, while revenues came in line. Moving ahead, the yoga […]

UK mortgage approvals unexpectedly declined in February and consumer credit growth accelerated amid rising cost of living, data from the Bank of England showed on Tuesday. Approvals for house purchases, an indicator of future borrowing, fell to 71,000 in February from 73,800 in January. Approvals were forecast to rise to […]

NBCUniversal and investment partner Atairos have paid $293 million for a 30% stake in fabled country music brand the Grand Ole Opry and a cluster of related Nashvlle-based live entertainment and assets. The Opry’s home, Ryman Auditorium, is known for hosting the Country Music Awards. It is a cornerstone of […]

New Delhi (CNN Business)India’s Gautam Adani has joined what is probably the most elite club in the world. The infrastructure tycoon’s wealth hit $100 billion over the weekend, according to the Bloomberg Billionaires Index, making him the richest person in Asia. He joins nine other men in the centibillionaires club, […]

Amid rising demand for coal freight and an aggressive push towards diversifying its freight basket, Indian Railways is planning to buy 100,000 more wagons over the next three fiscal years. The procurement plan will majorly comprise BOXN wagons, which are used to transport coal, said a senior Ministry of Railways […]

Paradise Square makes quite the reach. A musical about the build-up to New York’s horrific Draft Riots of 1863 reaches to the past to tell us about the present. It reaches across cultures to tell us about assimilation and appropriation. It reaches across styles of music and dance to celebrate […]