fidelity investments

Mexico, Spain, and Brazil expressed deep concern over Cuba's "dramatic situation" and humanitarian crisis, calling for respectful dialogue and for the Cuban people to decide their future. This comes amid repeated threats from US President Donald Trump to "take Cuba" and increased US economic pressure, including oil shipment blockades, severely impacting the island.

Parliament considers crucial delimitation bills, raising concerns for democratic legitimacy and India's federal balance. These proposals could alter political power distribution significantly. The article argues for careful deliberation and public consultation before any constitutional changes are enacted. Statesmanship demands scrutiny, not speed, to ensure fairness and preserve the Union's integrity.

Bengaluru's Xovian Aerospace secured $2 million from Ashish Kacholia, bolstering its AI-native RF satellite mission. This funding fuels the launch of their first satellite, team expansion, and commercial growth. Xovian aims to provide real-time intelligence by analyzing radio frequencies, offering a unique alternative to optical data for global defense and various sectors.

The AI PC era is here, moving intelligence from the cloud to local desktops for real-time generative tasks. While initially met with consumer confusion, manufacturers like Dell, Asus, and MSI are embedding AI more organically. The focus is shifting towards agentic AI, promising more proactive assistance, with India showing strong potential for adoption once value is clear.

Cuban leader Miguel Diaz-Canel has proclaimed 'iron-clad determination' to stand firm against aggressive US posturing, referencing Donald Trump's latest comments on 'taking over Cuba.' This declaration comes amid a dire fuel and economic crisis for the island, made worse by US blockades on oil shipments.

It was his throwaway sequencing — “We’re going to do Iran before Cuba” — that made it sound less like bluster than a to-do list

New Delhi, May 27 () Signalling a tough road ahead for Flipkart, a mutual fund managed by Morgan Stanley has marked down the value of its shares in the Indian eCommerce major by 15.5 per cent, valuing it at under USD 10 billion.

Meesho has become the latest Indian startup to have its valuation marked down by its investors. US-based fidelity investments has cut the Bengaluru-based e-commerce firm’s valuation by about 10% to $4.4 billion, recent regulatory filings with the US Securities and Exchange Commission (SEC) showed.

HYDERABAD: fidelity investments, a leading mutual fund, has increased its stake in the NYSE-listed Satyam Computer Services by picking up 7.5 lakh shares. This constitutes approximately 0.24 per cent of Satyam's equity.

Global asset management giant Fidelity is willing to give Indian investors the chance to diversify their portfolio with a sprinkling of foreign mutual funds.

The institute wrapped up the summer placements for 375 students in a record four days, bettering its earlier best of six-and-a-half days. Sixteen students opted out of the process.

TP ICAP, the world's biggest interdealer broker, is launching a cryptocurrency trading platform with fidelity investments and Standard Chartered's digital assets custody unit, the consortium said on Tuesday.

A Sebi rule is holding back Fidelity Mutual Fund from joining the race with other fund houses in raising assets.

Donald Trump has roped in 6 Indian-American corporate leaders, including Sunder Pichai from Google and Satya Nadella from Microsoft, to seek advice from the "smartest" people on how to restart US economy crippled by the coronavirus. The other NRI's include IBM's Arvind Krishna, Micron's Sanjay Mehrotra, Ann Mukherjee from Pernod Ricard and Ajay Banga from Mastercard.

It's about time Indian investors get ready to experience investing abroad, either in foreign stocks or mutual funds.

Equity mutual funds have given dismal returns of (-)35% to (-)60% in the past one year but they are in no mood to make the lives of investors easier.

Anne Richards has stepped down as the CEO of Fidelity International after five years and will assume the position of vice chair at the company. With over 30 years of experience in asset management, Richards, who previously led M&G Investments and served as CIO at Aberdeen Asset Management, oversaw significant growth during her tenure, with Fidelity's assets reaching $714.3 billion. In her new role as vice chair, Richards will focus on external relationships and strategic partnerships.

Drug major Cipla said its board has approved a potential investment by FIL Capital Investments (Mauritius) II Ltd in its consumer healthcare business.

Vodafone Idea's FPO, India's largest, fully subscribed. Global investors like GQG, Capital Group, fidelity investments participated. Strong demand from QIBs. Shares priced Rs 10-11. Share price doubled in a year.

Reddit is in talks with potential investors for an initial public offering (IPO) in Q1 2024. The company is considering a valuation of $15 billion and is working with Morgan Stanley and Goldman Sachs on the listing. Reddit previously raised $410 million in financing led by Fidelity, valuing the company at $10 billion. The CEO, Steve Huffman, stated that Fidelity's investment would give them more time to decide when and how to go public. Sequoia Capital and Andreessen Horowitz have also invested in Reddit, which has received over $1 billion in funding to date.

Usually every year, Fidelity does a country-specific strategic review of all its businesses and the current review is part of the same.

GQG Partners LLC and fidelity investments, among other major investors, have bought shares in Bharti Airtel. Indian Continental Investment sold over 0.8% stake, raising approximately $976 million. Bharti Telecom acquired nearly a quarter of the shares. The sale aims to fund founder Sunil Bharti Mittal's international ventures, including investments in Africa and the UK satellite company OneWeb.

Legendary investor Anthony Bolton has passed the bastion of Britain's largest money manager into the hands of an Indian origin fund manager Sanjeev Shah.

Fidelity, one of the investors that helped fund Elon Musk's purchase of Twitter last year, has marked down the value of its equity stake in the company, valuing it now at $15bn - one-third of its purchase price of $44bn. Fidelity has previously adjusted the value of its Twitter investment downward in November, December, and February. Elon Musk recently said that the value of Twitter is now less than half of what he initially paid for it and revealed that he had overpaid for the micro-blogging platform.