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Byju’s: Macquarie slashes Byju’s valuation by 98% after Julius Baer protest

Macquarie Capital is writing down nearly its entire investment in Indian startup Byju’s, weeks after Swiss bank Julius Baer Group Ltd. accused it of charging fees based on an outsized and outdated valuation, according to people familiar with the matter.The unit of Australia’s Macquarie Group Ltd. is cutting the value of its stake in the beleaguered education provider by about 98%, the people said, asking not to be identified because the matter is private. Macquarie Capital invested a few hundred millions of dollars in…

Julius Baer CEO Steps Down

Julius Baer CEO Philipp Rickenbacher will step down after it reported major losses related to its exposure to Austria’s Signa Group. Julius Baer CEO Philipp Rickenbacher will step down after it reported major losses related to its exposure to Austria’s Signa Group. FOLLOW US ON GOOGLE NEWS Read original article here Denial of responsibility! Techno Blender is an automatic aggregator of the all world’s media. In each content, the hyperlink to the primary source is specified. All trademarks belong to their…

Marc David Baer On The Politics Of Ottomans And The Popularity Of Imperialist Ideals In England And Pakistan

Marc David Baer’s fascinating works of non-fiction delve into the unknown characteristics of emperors who navigated the political landscape much like we see politicians do today. His latest work The Ottomans: Khans, Caesars and Caliphs makes the argument that the 16th century was, in fact, not the pivotal moment of decline for the Ottomans. The author who was at the Jaipur Literature Festival, explains how much of the politics remains the same among rulers, even today. Excerpts:How strong a political tool is history? In…