Indian billionaire investor Rakesh Jhunjhunwala says he's very upbeat about his country's growth potential after the country underwent a massive banking crisis and the rollout...Asia Economyread more
Stocks in Asia mostly recovered in Tuesday afternoon trade as investors cheered a reprieve in U.S.-China trade tensions surrounding Chinese telecommunications giant Huawei.Asia Marketsread more
The issue of corporate debt has surfaced as companies continue to use the low rates the Fed has provided to lever up their balance sheets.The Fedread more
The U.S. government on Monday temporarily eased some trade restrictions imposed recently on China's Huawei, a move that sought to minimize disruption for the telecom company's...Technologyread more
Most U.S. hedge funds aren't expecting another big stock market sell-off as more firms curb bets on volatility, according to Nomura.Marketsread more
Mall owners are increasingly building out food halls with local chef-driven eateries, sushi bars and premium coffee shops.Retailread more
While Trump's lawyers had argued that the committee's subpoena did not have a legitimate legislative purpose — and was therefore invalid — Mehta took a broader view.Politicsread more
A record 257.4 million travelers are expected to opt for U.S. airlines for travel this summer, the 10th consecutive annual increase, a trade group forecast on Tuesday.Airlinesread more
See which stocks are posting big moves after the bell on Monday, May 20.Market Insiderread more
Huya, a Chinese live streaming platform focused on gaming, is looking to expand into the U.S. in the next couple of years, CEO Rongjie Dong told CNBC. The U.S. is expected to...Technologyread more
Binny Bansal, co-founder of Indian e-commerce giant Flipkart, says there are three traits that led to the business landing a record-breaking sale to retail giant Walmart.Entrepreneursread more
Insight Venture Partners, a private equity and venture capital firm, raised $6.3 billion for its latest fund, the largest amount raised by the firm for a fund to date, and the firm's managing partners combined are the largest investors in the fund.
"This is the first time that we’re the largest investors in our fund," Deven Parekh, managing director at Insight Venture Partners, told CNBC.
“We believe in our strategy and are proud to be fully aligned with our limited partners, " he said.
The firm announced this week that it has closed Fund X, or ten, and would take another two and a half to three years before the beginning to raise money for its next fund. The fund invests in technology sector.
Insight's previous fund, Fund IX, which Parekh said was two funds raised at the same time, closed in 2015 at approximately $5 billion. The New York-based company has more than $23 billion under management.
Traditional venture firms are increasingly raising massive funds to keep up with SoftBank's $100 billion Vision Fund, which closed in 2017 and has contributed to an influx of large investments into tech start-ups. Earlier this year, CNBC reported that Sequoia is in the process of raising $12 billion for various growth funds.