Bernie Madoff died at 82 in a prison at Butner, North Carolina

Photo: AP News

US's Biggest Investment Scam Convict Passes Away At Federal Prison

The US's largest Ponzi scheme convict Bernie Madoff passed away on April 14 at federal prison's medical facility in Butner, North Carolina. The 82-year-old had a natural death, a year after the court denied his lawyer's request to release him considering medical reasons. Nonetheless, he pleaded guilty of running an investment scam in March 2009. Reportedly, around $13 billion of his investors have been recovered out of $17.5 billion.

Thu, 15 Apr 2021 - 06:20 PM / by Neha Sanjeev

Tags: Ponzi scam, Ponzi scheme, Finance, Investments

Courtesy: Money control

General Motors Logo

Photo: Autocar India

GM Discontented Over Maha Govt's Disapproval To Shut Talegaon Plant

US-based automaker General Motors (GM) has expressed resentment over the Maharashtra government's objection of GM annulling its Talegaon plant. GM warned that the rejection contradicts the state's business-friendly rapport and could discourage prospective investors. Reportedly, the government rejected GM's appeal over grievances raised by workers who demanded GM to continue production. Besides, a… read-more

Sat, 23 Jan 2021 - 05:26 PM / by Ashly Ann Varghese

Tags: General Motors, Maharashtra Government, Investments, Talegaon

Courtesy: Reuters

Paytm

Photo : The Financial Express

Paytm Money To Help Retail Investors By Facilitating Investments In IPOs

Entering a new territory, Paytm will now start facilitating investments in Initial Public Offers (IPOs) in India. The company's subsidiary Paytm Money will made the process of IPO application completely digital and simple for retail investors. Paytm Money will enable investors to quickly apply and complete the application process for all the latest IPOs via their UPI ID. It also eases the process of making changes in bidding with a dedicated … read-more

Mon, 30 Nov 2020 - 10:27 PM / by Richa Nigam

Tags: Paytm, Investments, retail investors, IPOs

Courtesy: Hindustan Times

Ant Group - Jack Ma

Photo: The Wall Street Journal

Jack Ma's Ant Group IPO Attracts Orders Worth $3 Trillion From Investors

Alibaba's Jack Ma-backed Chinese fin-tech firm Ant Group's Initial Public Offering (IPO) has attracted orders worth $3 trillion by individual and institutional investors in Hongkong and Shanghai markets. Interestingly, the bids are equivalent to the UK's GDP and higher than India's GDP. Reportedly, the IPO is expected to bag $34.5 billion, breaking the previous record of Saudi Aramco ($29.4 billion). Reportedly, the company will begin trading… read-more

Fri, 30 Oct 2020 - 08:52 PM / by Mahadevan K V

Tags: IPO, Ali Baba, Ant Group, Investments, HONGKONG, China

Courtesy: Business World