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Even with peaks and troughs, India’s startup ecosystem has largely been growing rapidly in recent years and as of June 2024, the country had 67 unicorns valued at over $1 billion. Over the last one and a half years, funding in Indian startups experienced a slowdown as investors became more cautious and selective, and some… Continue reading Interview: Indian startups have bagged $7-B funding in H1 of 2024, says IVY Growth’s Toshniwal

It was American business magnate John D Rockefeller who, in the 19th century, established one of the first family offices the world has known, to manage his vast wealth and family affairs. Over time, the family office model expanded globally, adapting to different legal and economic environments, and became a cornerstone for wealth preservation and… Continue reading Interview: ‘Global’ families prefer trusts over wills for succession, says Gavankar of Kotak Mahindra

Colin Huang, the founder of Temu and Pinduoduo, has recently been crowned as China’s richest man, with a net worth of $48.6 billion, according to the Bloomberg Billionaires Index. His rise to the top marks a significant shift in China’s billionaire rankings, as he surpasses long-time titleholder Zhong Shanshan, the bottled-water magnate behind Nongfu Spring.… Continue reading Colin Huang: The rise of China’s new richest man and the Temu phenomenon

British investment firm Hargreaves Lansdown announced on Friday that it has agreed to a £5.4 billion ($6.9 billion) takeover offer from a consortium of investors led by private equity majors CVC Group and Nordic Capital, also including Abu Dhabi’s sovereign wealth fund.  The announcement ends months of uncertainty about the future of Britain’s biggest DIY investment platform.… Continue reading Hargreaves Lansdown accepts $6.9 billion takeover offer of CVC consortium

Bill Ackman’s Pershing Square Capital Management is exploring a major acquisition, targeting Howard Hughes Holdings Inc (NYSE: HHH) with plans to take the real estate firm private. Ackman aims to acquire the remaining 62% of Howard Hughes that Pershing Square does not currently own. The valuation of this potential deal remains undisclosed, but the news… Continue reading Pershing Square targets Howard Hughes: Bill Ackman eyes major real estate acquisition

OpenAI is navigating a challenging period marked by leadership upheaval and renewed legal battles. Elon Musk has revived an old lawsuit against the AI company, coinciding with significant internal changes: one co-founder has left for a rival startup, and another is taking an extended leave. These developments have cast a shadow over OpenAI’s future, raising… Continue reading OpenAI faces turmoil: Co-founder departs, Brockman steps away amidst Musk lawsuit

In May, shares of KKR (NYSE: KKR) increased by 10.5%, driven by the company’s first-quarter results and several strategic partnerships. According to S&P Global Market Intelligence, KKR reported notable financial performance and expanded its investment footprint through various collaborations. KKR’s first-quarter earnings report reveals significant growth KKR reported strong first-quarter results in early May, highlighting… Continue reading What’s going on with KKR stock?

The Cohen & Steers Infrastructure Fund (UTF) has done well this year as demand for infrastructure continued. It has risen by over 11%, beating the Reaves Utility Income Trust (UTG), which has jumped by just 5%.  Infrastructure demand is rising Infrastructure has become one of the fastest-growing industries in the financial services sector. In January,… Continue reading Infrastructure is booming: Is the Cohen & Steers (UTF) ETF a buy?

Hedge fund manager Bill Ackman is preparing to take Pershing Square public, according to a report by The Wall Street Journal on Friday, citing sources familiar with the matter. This strategic move involves selling a portion of the company to investors in a funding round expected to value the firm at approximately $10.5 billion. The… Continue reading Bill Ackman set to take Pershing Square public in $10.5B IPO