SoftBank Group Corp’s market value halved from its peak in June, as higher borrowing costs fuel investor concerns over the sustainability of its massive investments in artificial intelligence. Shares of the Tokyo-based company fell 6.9% on Thursday, taking their drop from an all-time high struck on June 2 to 50%, with earnings from US megacaps … Read more
Fairfax plans to combine all of its interests in the insurtech company Go Digit and wealth management company IIFL Capital into IDBI Bank to make the lender into a holistic financial services provider. In Go Digit, Fairfax currently holds a 49% stake. A separate internal corporate restructuring approved by the CCI could eventually increase this … Read more
Accel, the Silicon Valley venture capital firm that placed some of the earliest bets on Flipkart and Swiggy, is deepening its commitment to India as artificial intelligence reshapes how startups are built. The firm has raised $550 million for its ninth early stage India fund, part of a $3.5 billion haul across four new global … Read more
Growing openness of large family-owned businesses to partnering with institutional investors is one of the biggest structural shifts in the Indian market, said Ravi Lambah, head of India at Temasek. “Every family wants to create long-term value,” Lambah told ET in an interview Wednesday. “If we can help strengthen governance, prepare businesses for IPOs, support … Read more
SBI Funds Management entered the stock market after attracting robust institutional demand. SBI Funds Management stock listing: Years of employee stock ownership at SBI Funds Management is poised to generate multi-crore wealth for several executives as the country’s largest asset management company enters the stock market. Based on the IPO issue price of Rs 574 … Read more
Lloyd Blankfein went from being a poor kid on a Brooklyn housing project to a Harvard graduate, a corporate tax lawyer, then the CEO of Goldman Sachs. His titanic change in circumstances required a major shift in mindset, Blankfein explained in “Streetwise,” his memoir published this spring. He wrote that “growing up in public housing, … Read more
In January 2026, Godrej Industries (GL) had formed a new subsidiary Godrej Investment Ltd (GIL). Now under GIL it has launched group’s wealth management business, Godrej Wealth with a target to build assets under management of Rs 1,00,000 crore by 2031. The platform will focus on HNI clients with investable assets of Rs 2 crore … Read more
Development Bank of Japan Inc. (DBJ) has made its first real estate investment in India, committing capital to HDFC Capital Development of Real Estate Affordable and Mid-Income Fund (H-DREAM Fund), managed by HDFC Capital Advisors Ltd. HDFC Capital, the real estate private equity arm of HDFC Group, did not disclose the investment amount. The H-DREAM … Read more