The cost of leverage is rising for one of India’s largest conglomerates as credit investors reprice execution risk. Shapoorji Pallonji (SP) Group’s unit, Goswami Infratech, is planning a massive ₹250 billion ($2.77 billion) bond issuance, but the yield expectations have spiked following a covenant breach at a sister entity. 📉 THE “PORTEAST” CONTAGION: Investors are...
A major private equity transaction in India’s lending sector has hit a regulatory wall. The Reserve Bank of India (RBI) has raised objections to Bain Capital’s plan to acquire a controlling stake in gold loan major Manappuram Finance, citing concerns over the firm’s existing ownership of another Indian lender. 🛑 THE CORE ISSUE: 🔄 THE...
The “King of Chinese Sportswear” is looking to add another global icon to its portfolio. Anta Sports has reportedly made an offer to acquire a 29% stake in struggling German giant Puma from the Pinault family (owners of Kering/Gucci). 👟 THE DEAL DYNAMICS: 📉 THE CONTEXT: Puma is trading at a depressed valuation (Market Cap...
The dealmaking revival is translating into career advancement on Wall Street. Morgan Stanley has elevated 184 employees to the coveted Managing Director (MD) rank, a 6% increase over 2025, signaling confidence in the continued recovery of capital markets. 📊 THE CLASS OF 2026 PROFILE: 1️⃣ By The Numbers: 2️⃣ By Division: 3️⃣ Diversity & Inclusion:...
The final hurdle for Alphabet’s largest acquisition in history is approaching. European antitrust regulators have set a deadline of February 10 to decide whether to clear Google’s $32 billion purchase of cybersecurity unicorn Wiz. 🛡️ THE STRATEGIC STAKES: This isn’t just a bolt-on; it’s a platform-defining move. ⚖️ THE REGULATORY SPLIT: 💡 ANALYST TAKEAWAY: With...
In the fiercest talent war Silicon Valley has ever seen, OpenAI is putting a historic amount of equity on the table. According to The Information, the AI giant has earmarked an employee stock grant pool valued at $50 billion—equivalent to 10% of the company based on its October valuation. 📊 THE COMPENSATION MATH: ⚔️ STRATEGIC...