As Idea Cellular gears up for a mega merger with Vodafone, private equity firm Providence, which has investments in the telco, is looking at an exit, say sources.
The unusual move underscores Snap's relentless campaign to crack down on information leaks. For Wall Street banks, it pits their desire to appear on the front cover of this year's most high-profile IPO against their reluctance to have their names featured in a regulatory document they have not seen.
Implementation of blockchain in various operations can help investment banks reduce their operational costs by around USD 12 billion annually, a report by Accenture says.
Revenue from commodity trading, selling derivatives to investors and other activities in the sector slid to USD 3.1 billion between January to September from from USD 4 billion in the same period in 2015, the report published on Thursday found.
The digital and data unit, which includes the Gracenote business the company acquired from Sony for USD 170 million in 2014, collects and distributes content and data to music and online video services, cable companies and consumer devices.
The government, which owns 61.8 percent of Container Corp, will sell the stake through a stock market auction, the notice said.
That would bring the group's workforce down to around 75,000 full-time positions under a reorganisation being finalised by new Chief Executive John Cryan, who took control of Germany's biggest bank in July with the promise to cut costs.
The number of venture funding deals for technology start-ups in India in the first quarter of 2015 was the highest in nine quarters and exceeded the number of such deals in China.
The company has been looking to sell stake in Reliance Infratel, which competes with the likes of Indus Towers and Bharti Infratel.
Under the agreement, Tech Mahindra will provide UBS FSL with a fully managed service across four major areas of data management, namely securities reference data, pricing, corporate actions and tax data
The days when Wall Street banks could blithely hand out half their revenue in compensation to their staff without a murmur from shareholders have come to an end.
Investment banks in Asia are making more money from debt deals than underwriting stock offerings for the first time, a milestone in how evolving regional markets are challenging a business model that has relied upon high-paying equity deals.
The shadow banking system makes up 25 to 30% of the total financial system, according to the Financial Stability Board (FSB), a regulatory task force for the world's group of top 20 economies (G20).
UBS's USD 2.3 billion loss has uncovered a gap in the oversight of widely-used investment products which allow traders to hide their dealings and will take regulators years to close.
Europe's sovereign debt crisis will stunt bank profit for years and could kill off the weakest, Deutsche Bank chief executive Josef Ackermann told industry bosses, amid intense scrutiny of the sector's finances.
Revenues at the world's biggest investment banks fell 5% to USD 52 billion in the first quarter of 2011, hit by Middle Eastern unrest, natural disasters, volatile commodities and economic uncertainty, a consultancy said in a report on the industry.
Income for top investment banks fell by almost a quarter last year to USD 167 billion from a record performance in 2009, according to an industry report.
Trading activity is weak, regulators are cracking down and investment banks worldwide are confronting a stark reality for 2011: the only way to survive and make money is to diversify.