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Cyrus S. Poonawalla (born in 1941) is an Indian billionaire businessman, and the chairman and managing director of the Cyrus Poonawalla Group, which includes the Serum Institute of India, an Indian biotech company which is the largest vaccine manufacturer in the world and Poonawalla Fincorp a leading NBFC in India. [ 1][ 2] In 2022, he is ...
Adar Poonawalla (born 14 January 1981) is an Indian businessman. He is the chief executive officer of Serum Institute of India and Chairman of Poonawalla Fincorp . [ 2 ] [ 3 ] His father is Cyrus Poonawalla , founder of the Serum Institute of India.
In 2012, the company acquired GE Money Housing Finance and the home equity loan portfolio of GE Money Financial Services from GE Capital India. [10] In March 2015, Magma Fincorp received a Rs. 500 Cr investment from KKR, Indium V, and LeapFrog Investments. [11] In 2016, Mayank Poddar stepped down as chairman. [12]
Infamous stock market crash that represented the greatest one-day percentage decline in U.S. stock market history, culminating in a bear market after a more than 20% plunge in the S&P 500 and Dow Jones Industrial Average. Among the primary causes of the chaos were program trading and illiquidity, both of which fueled the vicious decline for the ...
If you'd bought $10,000 worth of Amazon stock 10 years ago, today your investment would be worth more than $114,690. With that, Amazon proves it's made a great long-term holding. But now the ...
The calculation is based on the July 16 closing price of $126.36. 1-year: A $1,000 investment in Nvidia one year ago has grown about 178 percent and would be worth $2,779.50 today. 5-years: A ...
In February 2024, United Atlantic Ventures (UAV), the partnership of TMTG co-founders Andy Litinsky and Wes Moss, sued TMTG for attempting to dilute their ownership stake by increasing the authorized stock from 120 million to 1 billion shares, thus lowering the value of UAV's shares from 8.6 percent to less than 1 percent. [5]
Notably, share prices and returns take into account the 4-for-1 stock split in 2020. That translates into a share price gain of 310% during this time, easily outpacing the S&P 500 index's 76.9% gain.