BLACKSTONE
CleanMax to invest Rs 50,000 crore in AI compute, renewable energy projects in Andhra Pradesh
CleanMax will allocate Rs 50,000 crore towards establishing a renewable energy and AI compute facility in Andhra Pradesh. Partnering with Neysa, a 2 GW AI computing center will rise in Kurnool district, set to provide 1,000 jobs by March 2028. This ambitious plan also includes generating 3 GW of wind, 2 GW of solar, and 1 GW of hydro storage energy, transforming Andhra Pradesh's technological landscape.
Blackstone lines up $200 million loan to refinance ASK credit line
Blackstone is in the process of arranging a $200 million loan for ASK Investment Managers. This loan aims to refinance an existing sponsor-financing facility that matures in 2027. Four banks are leading this transaction, which is currently being syndicated among international lenders. The refinancing effort reflects private equity investors' strategy to manage acquisition-related debt maturities.
Nvidia faced pressure to boost its AI backstop before Jensen Huang's exit
Nvidia's ambitious $500 billion AI financing partnership with six major Wall Street firms is facing hurdles, with customers and financial partners seeking a larger financing backstop than the chipmaker's proposed 25%. No deals have emerged so far, and Jensen Huang's exit as CEO adds uncertainty, potentially delaying the first transaction until January.
Jensen Huang’s Nvidia exit raises fears over the future of AI financing
Nvidia CEO Jensen Huang's reported departure rattled global markets, triggering concerns over the chipmaker's leadership, AI investments and data-centre financing strategy. Nvidia shares tumbled, while Chinese chipmakers rallied amid expectations of potential gains in market share.
Blackstone-backed JP Schools to enter NCR, buys DLF Foundation land
Blackstone-backed JP Schools has bought two land parcels from the DLF Foundation to build schools in Gurgaon, with an estimated investment of ₹500 crore. The school operator has agreed to follow quality standards and other conditions set by the foundation, CEO Ayush Periwal told ET.
Huge inflows in small spaces
Increasing investments from global entities into India's financial sector are boosting the specialized lending institutions. Regulatory reforms have strengthened governance and risk management practices within these institutions over time. Digital innovations like Aadhaar and UPI have facilitated faster and more accurate borrower assessments.
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RBI plans curbs on private equity firms controlling stakes in multiple non-bank lenders: Report
India's central bank is working on new rules to prevent private equity firms from holding controlling stakes in multiple non-bank lenders. The proposal aims to mitigate potential financial risks stemming from global private equity firms' investments. While larger stakes will attract greater scrutiny, smaller investments are encouraged to support growth in the financial sector. Recent data shows significant foreign investment in non-bank lenders, highlighting strong demand for credit.
Fairfax Financial likely to exit IIFL Finance, sources say
Canada's Fairfax Financial Holdings intends to divest its nearly 11% stake in IIFL Finance soon. The sale aims to raise funds for acquiring a significant stake in IDBI Bank from the Indian government. Fairfax's current share in IIFL Finance is valued at approximately 30 billion rupees, or $320 million. Additionally, Fairfax is attempting to improve its stake in IIFL Capital through an open offer.
Bigger cheques, fewer winners in India’s AI boom
Indian AI startups raised $1.6 billion in funding during the first nine months of 2026. While AI infrastructure attracted significant investments, application startups faced declining funding and challenges in securing customers. Large transactions constituted most of the total funding, highlighting a disparity in investment distribution.
IIFL Finance shares rally 5% as Blackstone leads Rs 6,414 crore capital infusion
IIFL Finance shares surged on Wednesday after the company announced a Rs 6,414 crore capital infusion led by Blackstone, which will invest Rs 5,000 crore. The fundraise, also involving promoter investments and Anchorage Capital, aims to strengthen capital adequacy, lower funding costs and accelerate growth in secured lending.
The great Indian money hunt: Why India's shadow banks are pulling in billions of dollars
Blackstone is negotiating a significant investment in IIFL Finance, indicating rising global interest in non-bank lenders. Recent deals include investments by Carlyle and Advent International in housing finance firms. The demand for credit in India is growing, with NBFCs playing a crucial role in accessing underserved markets. Foreign investments in the financial sector have exceeded $20 billion since 2025, reflecting confidence in stability.
Stocks in news: Cochin Shipyard, Kalyan Jewellers, MRF, Coal India, BHEL and Bajaj Finance
Indian markets are set to resume trading after the Diwali holiday, with investors tracking key stocks such as Cochin Shipyard, Kalyan Jewellers, MRF, Coal India, BHEL and Bajaj Finance amid Q2 earnings and corporate developments. Nifty faces immediate resistance at 25,150–25,200.
NCLT flags undervalued, fraudulent HDIL property sale in 2019
The order relates to a commercial office premises in Dheeraj Pali Arcade Building on Pali Road, Bandra West, which was transferred to the buyer through a registered sale agreement dated July 4, 2019. The transaction involved former HDIL directors Rakesh Kumar Wadhawan and Sarang Rakesh Wadhawan.
Blackstone to invest Rs 5,000 crore in IIFL Finance for 16% stake as company raises Rs 6,414 crore
IIFL Finance will raise Rs 6,414 crore through a capital infusion led by Blackstone, which will invest Rs 5,000 crore for an approximately 16% stake. Co-promoters Nirmal Jain and R Venkataraman will contribute Rs 1,264 crore through warrants, while Anchorage Capital will invest Rs 150 crore.
IIFL Finance to raise Rs 6,414 crore through preferential issue; Blackstone to invest Rs 5,000 crore
IIFL Finance approved a Rs 6,414 crore capital raise led by Blackstone, which will invest Rs 5,000 crore for an approximately 16% stake. Promoters Nirmal Jain and R Venkataraman will collectively invest Rs 1,264 crore through warrants.
Blackstone to acquire 16% stake in IIFL Finance as NBFC announces Rs 6,414 crore capital raise led by global investor
IIFL Finance is preparing to secure Rs 6,414 crore through a major investment round. Blackstone is set to invest Rs 5,000 crore for a stake in the company. Nirmal Jain and R. Venkataraman will also contribute Rs 1,264 crore via warrants in the financing round. Additionally, Anchorage Capital will participate with a ₹150 crore investment. This transaction marks one of the largest private equity investments in India's NBFC sector.
Blackstone set to acquire 15% of IIFL for Rs 5,000 crore
Blackstone will invest around Rs 5,000 crore for a 15% stake in IIFL Finance, while promoters Nirmal Jain and R Venkataraman will invest Rs 1,200 crore to retain their combined holding at around 25%. Mumbai-based investor Rohit Kothari, through Anchorage Capital, will contribute about Rs 100 crore, taking the total capital infusion to over Rs 6,200 crore.
IIFL Finance board to weigh Blackstone, Advent proposals for Rs 5,000 crore capital raise
IIFL Finance's board will consider separate investment proposals from Blackstone and Advent International for a nearly Rs 5,000 crore capital raise, as the lender also explores a potential transaction involving Fairfax's stake sale.
Knowledge Realty Trust NOI up 15%, declares record Rs 764 cr distribution in Q2
Knowledge Realty Trust reported 15% year-on-year NOI growth to Rs 1,140.4 crore in Q2 FY27, alongside 13% revenue growth. Record distributions reached Rs 764 crore, supported by strong leasing, occupancy and rental growth.
Blackstone president says more tech sector fundraising ahead to keep up with AI industry growth
Blackstone President Jon Gray said on Tuesday there would be more global equity fundraising needed to keep up with the enormous likely demand from the AI industry's growth.
US stock futures rise as AI stocks catch their breath; midterms in focus
In the US, stock futures surged as investors prepare for the upcoming midterm elections and await earnings announcements. Major tech players, such as Alphabet and SpaceX, enjoyed premarket boosts. Estee Lauder's optimistic sales and profit outlook added to market enthusiasm. However, caution prevails as investors weigh the potential consequences of congressional control post-elections. Additionally, falling oil prices eased worries over supply issues in the Middle East.
Hello Sunshine Layoff: 30 employees sacked after reacquisition by Reese Witherspoon and French media company Mediawan
Around 30 employees have been laid off from Hello Sunshine after its reacquisition by Reese Witherspoon and French media company Mediawan. The company will now be restructured to focus on film and TV production, Reese's Book Club, digital marketing and partnerships. This follows a number of financial difficulties and staff cuts at the company.
Anthropic may not secure investment-grade rating after IPO, Blackstone tells investors: Report
The investment firm expects the AI company to receive a 'high' junk rating, marking a shift from its earlier guidance. The assessment highlights potential concerns around Anthropic’s creditworthiness as it prepares for a possible public listing.
US Stock Market is feeling AI investments pressure but check list of stocks that are jumping amidst Artificial Intelligence spending fears
US Stock Market today: As the world's biggest technology companies race to expand computing capacity, demand for such facilities has surged, creating what industry executives have described as a generational opportunity for alternative asset managers.
Big dividends, bigger losses? The hidden risk in Wall Street's highest-yielding stocks
Several US stocks offer dividend yields exceeding 10%, led by mortgage REITs Annaly Capital Management and AGNC Investment above 16%. However, significant share-price declines highlight risks surrounding dividend sustainability, payout ratios, debt and overall investment returns.
Blackstone-backed ASK Group appoints Nehal Shah as Group Head of Legal, Compliance and Secretarial
Blackstone-backed ASK Asset & Wealth Management Group has appointed Nehal Shah as group head of Legal, Compliance & Secretarial to strengthen its regulatory compliance and corporate governance functions. Shah brings over two decades of experience across financial services and capital markets.
Global Market: Wall Street's top asset managers bet big on AI infrastructure boom
Wall Street’s leading alternative asset managers are ramping up investments in AI infrastructure, betting on long-term leases and creditworthy tenants to secure predictable returns. However, rising debt levels among neoclouds and concerns over AI spending returns are bringing private credit risks into focus.
Horizon Industrial Parks leases record 2.5 million sq ft in Q2, revenue rises 30%
Horizon Industrial Parks achieved a 30% increase in revenue, reaching Rs 215 crore for the quarter. The company leased 2.5 million sq ft, exceeding expectations and reaching 68% of its annual target. With an occupancy rate of 94%, Horizon delivered six buildings totaling 1.8 million sq ft during the quarter. The company's net debt decreased significantly after its initial public offering.
Goldman Sachs President John Waldron, who studied English instead of finance, was initially rejected by the bank; he now explains why he is rooting for English, history and philosophy graduates when asked about GS’ hiring strategy amid the AI boom
Goldman Sachs President John Waldron emphasizes the importance of intellectual curiosity and analytical skills in hiring practices. He expresses support for candidates with diverse backgrounds, including liberal arts majors. Waldron highlights that a well-rounded background reflects a person's intellectual journey, which is essential for the firm. He notes that traditional skills are experiencing a resurgence as the company adapts to an AI-driven world.
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