The “Risk-On” trade hit a wall this week. For the first time in three weeks, global equity funds recorded a net outflow (-$6.07 billion), driven by a sharp pullback in US allocation amid valuation concerns and rate uncertainty. 💸 THE GREAT ROTATION (Week ending Jan 7): 1️⃣ The “Flight to Cash” is Back: The most...
The biggest event in Indian capital markets history is taking shape for 2026. Reliance Jio Platforms, the digital arm of Mukesh Ambani’s empire, is considering floating just 2.5% of the company in an IPO that could value the telecom giant between $180 billion and $240 billion. 💰 THE DEAL METRICS: 📜 THE REGULATORY CATALYST: Reliance...
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:...