ICICI Prudential Asset Management made a powerful market debut, with shares surging 23% on day one, valuing the firm at $14.4 billion and making it India’s most valuable listed asset manager. Key highlights: The listing caps a record year for India’s primary markets, with IPO fundraising already surpassing 2024 totals. Strong domestic capital inflows, rising...
The Bank of Japan has raised its policy rate to 0.75%, the highest level in three decades, marking another decisive step away from ultra-easy monetary policy. While the move was widely expected, its symbolic significance outweighs its immediate market impact. 🔹 Why this matters 🔹 Market reaction 🔹 Key variables going forward The consensus view:...
A U.S. investment manager has been charged in New York for allegedly defrauding investors through a fake pre-IPO scheme linked to Anduril Industries, the fast-growing defence and AI company valued at $30 billion. According to U.S. prosecutors, the manager promised investors “economic exposure” to Anduril shares — despite having no access to the company’s stock...
Stockholm-based AI software startup Lovable has raised $330 million, valuing the company at $6.6 billion — nearly 4x in under six months. The round was led by Alphabet’s CapitalG and Menlo Ventures, with participation from Nvidia’s VC arm and strategic investors including Salesforce, Databricks, and Atlassian. 🚀 Why investors are paying attention Lovable enables non-technical...
Google Cloud and Palo Alto Networks have significantly expanded their strategic partnership in a deal reportedly approaching $10 billion, making it Google Cloud’s largest security services agreement to date. What stands out: This is more than a cloud contract — it’s a signal. As enterprises accelerate AI deployment, security is becoming the primary gatekeeper, not...
Bill Ackman–backed Howard Hughes Holdings has agreed to acquire specialty insurer Vantage Group for $2.1 billion, marking a decisive step beyond pure real estate development. The transaction will be funded with cash and up to $1 billion in preferred financing from Pershing Square, reinforcing Ackman’s long-stated ambition to transform Howard Hughes into a diversified holding...