SBI Funds Management Ltd. is preparing to launch its initial public offering as early as next week, aiming to raise up to $1.5 billion. The Indian asset manager plans to allocate roughly three-quarters of the issue to domestic investors and is exploring a pre-IPO placement of up to $350 million.Read More
Digital Realty Trust raised its annual funds from operations and revenue forecasts on Thursday, signaling strong demand for data center services driven by the boom in artificial intelligence.Read More
Valuation expert Aswath Damodaran believes SpaceX could achieve the most valuable IPO ever, potentially reaching trillion-dollar status. He highlights the company’s real futuristic offerings, Elon Musk’s compelling narrative-spinning abilities, and its impressive growth despite financial uncertainties. However, Damodaran warns investors about SpaceX’s “shape-shifting” nature, which may frustrate those seeking predictable corporate paths.Read More
The Indian rupee has reached its lowest valuation in over a decade against major currencies. This decline is driven by rising crude oil prices and significant foreign investment outflows. Analysts suggest the rupee is undervalued, presenting an attractive entry point for long-term investors. However, near-term recovery prospects remain limited due to import demand and risk aversion.Read More
Lux Industries’ shares dropped over 7% following board approval for a business demerger. The move, stemming from a family settlement agreement among promoters, will split the company into three verticals, with two expected to be listed separately. The Todi family’s management control will be realigned across these entities.Read More
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