Japan’s SoftBank Group Corp has sold its stake in US chipmaker Nvidia for $5.8 billion, signalling a strategic pivot toward artificial intelligence investments, particularly in OpenAI, the company said on Tuesday, AP reported. The tech conglomerate also reported that its profit nearly tripled in the first half of the current fiscal year, driven by strong … Read more
Business families and startup founders are increasingly turning to trust structures to hold their shares, driven by the need to safeguard wealth, enhance tax efficiency, guard assets from creditors and ease the handover of control. The trend is noticeable in most companies that have gone public in recent times, with first-time entrepreneurs transferring part of … Read more
A consortium led by global asset manager BlackRock, along with chipmaker Nvidia and tech giant Microsoft, is set to acquire Aligned Data Centers from Australian financial services major Macquarie in a deal valued at around $40 billion.The acquisition underscores the tech sector’s escalating race to build artificial intelligence infrastructure — from chips and servers to … Read more
Family offices are increasingly investing more in venture capital firms that back early-stage startups, departing from their traditional playbook of focusing on IPO-ready or pre-IPO funding rounds that deliver faster returns, said fund managers and investment advisors. While family offices mostly allocate only $2-8 million to such VC funds, the investments open up crucial access … Read more
India’s markets regulator has begun discussions on bringing family offices under its oversight, as the nation’s billionaires become a growing force on exchanges, according to people familiar with the matter. The discussions include asking family offices to disclose their entities, assets and investment returns for the first time, as well as a separate category to … Read more
South Africa’s largest asset manager with $80 bn in AUM has entered Indian Asset Management Market with Strategic Investment in Shriram AMC. Sanlam already has a long term relationship of more than 20 years with the Shriram Group. It’s an investor into their insurance business, was previously invested into Shriram Finance and has also set up … Read more
Angel One Appoints Ambarish Kenghe (AK) as Group Chief Executive Officer AK is currently Vice President and General Manager at Google Pay APAC. He was instrumental in scaling Google Pay’s in India. He also had a key role in the launch of Chromecast and Google TV’s development. Before Google, AK had served as Chief Product … Read more