BLACKSTONE INVESTMENT
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.
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.
STT Global’s India biz on the block; micro occasions power qcomm
KKR, Singtel, and the Tatas are preparing to sell STT GDC India, a major data centre platform. This and more in today’s ETtech Top 5.
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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.
KKR, Singtel and Tata Communications put data centre company STT GDC India up for sale at over $5.5 billion
In a significant move, KKR, Singtel, and Tata Communications are gearing up to offload STT Global Data Centres India, anticipating a valuation that could surpass $5.5 billion. This initiative underscores their intent to bolster capital and refine strategic objectives. With 34 data centres in operation, STT GDC India stands as a leading co-location service provider, well-poised to capitalize on the escalating appetite for data infrastructure amidst evolving tech trends.
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.
Besides the bubble, a big AI risk could be growing in the shadows
Investors are worried about potential financial risks linked to Big Tech's investments in AI infrastructure. The technology sector recently experienced a significant sell-off, indicating growing nervousness among shareholders. S&P Global predicts considerable expenses on data centres for major companies like Amazon and Microsoft through 2030.
Alliant targets 1 GW of new data-center contracts in six months as power demand surges
Alliant Energy expects to sign contracts for about 1 gigawatt of additional data-center demand within six months, its finance chief said on Friday, as rising AI use and growing electrification push US power demand to record highs.
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.
One Planet Partners launches maiden PE fund, targets Rs 3,000 crore
One Planet Partners has launched a private equity fund in partnership with Sumitomo Mitsui Trust Bank. The firm plans to raise over ₹3,000 crore and target mid-market companies in India. One Planet will focus on sectors such as energy, mobility, and manufacturing, offering growth capital of ₹100 crore to ₹500 crore. Yulu Bikes Private Limited is the firm's first investment, participating in their $93 million Series C funding round.
Blackstone opens second India office in Bengaluru
Blackstone has established its second office in India, specifically a global capability centre in Bengaluru. This centre aims to improve the firm's operational capabilities and support its global businesses effectively. Susan Yung, a senior managing director, will manage the new centre, leveraging her extensive experience. The company has been a significant investor in India, expanding across various sectors over the past two decades.
Global Market Today: Wall Street gains lift Asian stocks as Fed decision looms
Gauges in Japan and South Korea advanced, helping the broader MSCI Inc.’s Asia Pacific equities gauge rise 0.6%. Equity-index futures for US stocks also climbed in early trading.
Global Market: Anthropic presses ahead with November IPO as AI listings face delays
Anthropic is preparing for a potential mid-November IPO despite market volatility, rising interest rates and concerns over AI spending. With a possible $1.5 trillion valuation, its listing could test investor appetite as several AI infrastructure companies postpone or shelve offerings.
US stock market today: Why have Nasdaq, S&P 500 slipped to lowest in months? Reasons behind Meta, Tesla, CoreWeave, Intel stock price fall, check top performing stocks
US Stock Market today: Chipmakers Western Digital, Intel, ADM , Sandisk, and Marvell all posted steep percentage losses amid the broader semiconductor selloff.
Anthropic IPO stands alone as AI market jitters sideline others
Anthropic plans to move forward with its initial public offering next month, navigating a challenging IPO landscape. While many companies in the AI field have delayed their public listings due to fluctuating interest rates and significant market instabilities, investors still see potential in Anthropic as a leading tech contender. Concerns are arising from the recent Oura IPO regarding institutional investor interest, emphasizing the heightened scrutiny on AI investment strategies.
Anthropic IPO stands alone as AI market jitters sideline others
Anthropic's planned IPO will test whether its position at the center of the booming AI business, which the company is believed to deem worthy of a potential $1.5 trillion valuation, can overcome a market environment that might typically prompt bankers and deal lawyers to counsel delay. Anthropic is expected to begin marketing its shares to prospective investors during the week of November 9, one of the people said.
Global Market: South Korea's Elice shares plunge 28% in market debut as data centre stocks shunned
Elice, which raised 201.1 billion won ($150 million) in its IPO, provides AI cloud services as well as AI-based education and business software and plans to spend most of its IPO proceeds on launching portable modular data centres and related infrastructure.
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