Midad Energy, a Saudi-based firm, has emerged as one of the leading contenders to acquire Lukoil’s international assets, valued at approximately $22 billion, according to sources familiar with the process. The portfolio spans oilfields, refineries, and thousands of fuel stations worldwide, and has attracted interest from a broad field of bidders — including Exxon Mobil,...
ICICI Prudential Asset Management has cemented its place in India’s capital markets history, attracting ₹3 trillion ($33 billion) in bids — making it the fourth most subscribed IPO in India. The $1.2 billion offering, which closed on Tuesday, ranks just behind landmark IPOs by Reliance Power (2007), LG Electronics India (2025), and Bajaj Housing Finance...
The global non-bank financial sector — often referred to as shadow banking — is now larger than the traditional banking system, accounting for 51% of global financial assets, or $256.8 trillion, according to the Financial Stability Board (FSB). Crucially, the sector is expanding at double the pace of banks. 🔹 By the Numbers Non-bank intermediaries...
Elon Musk’s net worth has reached $600 billion, making him the wealthiest individual in history, according to Forbes — driven largely by expectations that SpaceX is preparing for an IPO. Reports suggest SpaceX could go public next year at a valuation of around $800 billion. Musk owns an estimated 42% stake, which alone could lift...
Artificial Intelligence is no longer a thematic trade — it is becoming a structural pillar of global investment strategies heading into 2026, according to outlooks from leading global brokerages. Despite periodic concerns around valuations and AI spending intensity, strategists broadly expect the bull market to extend, supported by resilient growth and an easing monetary backdrop....
Jamie Grant, Global Chair of Investment Banking at J.P. Morgan, will retire early next year after more than 40 years at the firm, according to an internal memo. Grant joined J.P. Morgan in 1980 and played a pivotal role in shaping the bank’s global investment banking franchise from its early days. 🔹 A Career That...