Shares of RBL Bank Ltd. jumped to its highest in nearly five years after the private lender struck the biggest stake-sale deal in India’s banking history. RBL Bank’s stake sale to Emirates NBD is seen as the biggest foreign investment in India’s financial services sector. (Livemint) On Monday, RBL Bank share price rose as much […]
Alphabet Inc.’s Google aims to invest about $15 billion to build an AI hub in India, its largest outside the US, making its biggest bet on a country with a billion-strong internet population. Google will invest about $15 billion over five years (2026–2030) to set up its first AI hub in India, located in Vizag. […]
(Bloomberg) — Most of China’s biggest defaulted developers are reaching a restructuring milestone, as creditors increasingly accept that better terms are unlikely during a real estate crisis that has triggered $130 billion of defaults. Most of China’s biggest defaulted developers are reaching a restructuring milestone, as creditors increasingly accept that better terms are unlikely during […]
The Tata Capital GMP is currently seen at ₹24-36/share as against ₹735-1,125/share before the IPO price band was announced a week ago. Source link
The three-day Tata Capital IPO will see 47.58 crore shares offered in a price band of ₹310-326 apiece for a total valuation of up to ₹1.4 lakh crore. Source link
The Sammaan-Avenir deal at 18% discount to current share price raises concerns over valuations. Also, Avenir can now reconstitute the board of Sammaan Capital. Source link