Blackstone's ASK Plans to Hire 70 Wealth Bankers in India
ASK's private wealth unit aims to have 175 bankers by the end of March next year, up from about 105 now, Rajesh Saluja, chief executive officer and co-founder of the business said in an interview this week.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
an hour ago
- Yahoo
Why Toyota Motor Rallied This Week
Key Points The U.S. and Japan struck a trade deal, resulting in a 15% tariff. The terms were much better than expected, so much so that U.S. carmakers complained. U.S. carmakers will have to pay even higher rates on imported input costs and components. 10 stocks we like better than Toyota Motor › Shares of Toyota Motor (NYSE: TM) rallied 11.8% this week, according to data from S&P Global Market Intelligence. Toyota didn't have any major company-specific news this week, as it doesn't report Q2 earnings until Aug. 7. However, there was big news on the trade front, with the Trump administration and Japan inking a trade deal that would put milder-than-expected tariffs on Japanese imports, including Toyota cars. Will recent tariffs actually give Toyota a leg up on U.S. automakers? On Tuesday, the Trump administration struck a trade deal with Japan, which would lower the threatened "Liberation Day" tariff rate from 24% to 15%. While that might not seem like that much of a decrease, cars are high-ticket items, so the new tariff duties could make thousands of dollars' difference to the end price consumers may have to pay. Even though it appears Toyota cars made abroad will face tariffs going forward, the stock went up anyway. Not only that, but U.S. carmakers complained to the administration that the lower rates now put them at a disadvantage. This is because even American automakers import some of their steel and aluminum, which will now be tariffed at 50%, while other components, even for U.S.-manufactured cars, are imported from overseas, and will also be tariffed. And while part of the Japan deal involves removing restrictions on U.S. exports to Japan, U.S. automakers don't appear to believe the deal will result in any new market share gains there. Will U.S. automakers benefit from the trade negotiations? Toyota is the second-largest carmaker in the world, both in terms of global and U.S. market share, so the all-important final tariff figure could have significant consequences for U.S. auto markets. There are a lot of moving parts with regard to tariffs, however, as Toyota makes cars all over the world, with inputs and other sub-components also coming from various places. To further grasp the total consequences of the deal, investors in either Toyota stock or the "Big Three" U.S. carmakers should keep their ears out for more clarity when Toyota reports earnings in August. Should you invest $1,000 in Toyota Motor right now? Before you buy stock in Toyota Motor, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Toyota Motor wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $636,774!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $1,064,942!* Now, it's worth noting Stock Advisor's total average return is 1,040% — a market-crushing outperformance compared to 182% for the S&P 500. Don't miss out on the latest top 10 list, available when you join Stock Advisor. See the 10 stocks » *Stock Advisor returns as of July 21, 2025 Billy Duberstein and/or his clients have no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. Why Toyota Motor Rallied This Week was originally published by The Motley Fool Sign in to access your portfolio
Wall Street Journal
an hour ago
- Wall Street Journal
China's No-Exit Plan for Foreigners
Chinese President Xi Jinping has been eager to lure American companies to invest in China, but you wouldn't know it from Beijing's latest actions. China is preventing American citizens, including a Commerce Department employee and a Wells Fargo banker, from leaving the country. The detentions, known as 'exit bans,' highlight the continuing risk to American companies of doing business in China. The State Department says it is working to get them released and that it has 'no higher priority than the safety and security of American citizens.' But the Chinese bans have ensnared dozens of foreigners over the years, often with little recourse.
Associated Press
an hour ago
- Associated Press
Portals Redefines Telegram Gift Trading on TON: Over 200K Transactions and Counting
07/25/2025, Seoul, South Korea // KISS PR Brand Story PressWire // Telegram's thriving gift economy is getting its moment in the Web3 spotlight, and Portals is leading the charge. As digital collectibles on Telegram explode in popularity, Portals has emerged as the premier marketplace for buying, selling, and showcasing NFT-based Telegram gifts on the TON blockchain. Since its 2024 launch, Portals has facilitated over 200,000 gift transactions, driven by a user-first experience that combines zero listing fees, instant settlement, and seamless integration within Telegram. With each new feature, Portals continues to lower the barrier for thousands of users to join the Telegram-native digital economy. 'This thing is just getting started. This is more than just trading JPEGs, it's culture,' said top crypto influencer Ralph, who recently spotlighted Portals as 'one of the most promising experiments in the TON ecosystem.' Ralph even teased plans to acquire the legendary Plush Pepe, the platform's most expensive collectible. A Marketplace Evolving Into an Ecosystem Portals isn't just a trading hub, it's becoming a fully immersive experience. Users can now: The Portals experience is built for Telegram-first users. No NFT expertise required. Whether it's browsing viral drops like Durov's Caps or entering competitive auctions for premium assets like Heart Lockets, Portals makes it as simple as scrolling your favorite e-commerce feed. Driving Culture on the TON Blockchain What once looked like meme-driven assets is now turning into real Web3 social capital. Telegram gifts represent a unique fusion of status, creativity, and community, and Portals is building the rails for this new form of expression. As TON-based mini apps expand and Telegram-native tokens gain traction, Portals is well-positioned to onboard the next wave of Web3 users — one gift at a time. About Portals Portals is the leading Telegram-native NFT gift marketplace on the TON blockchain, enabling seamless gift trading, collection, and rewards. With a growing user base, zero-fee listings, and cutting-edge features, Portals is reshaping the future of social collectibles in Web3. Disclaimer:
