ASK Property Fund and India Sotheby’s International Realty have launched a Rs 500 crore equity platform with Amavi by Clarks to invest in luxury housing. This collaboration will focus on developing branded second homes in scenic and spiritual locations, catering to the growing demand from ultra-high net worth individuals seeking high-value investment opportunities and experiential...Read More
Japanese Prime Minister Sanae Takaichi received a supportive call from former U.S. President Donald Trump amid a diplomatic spat with China over Taiwan. Takaichi’s remarks on potential Japanese military action if China attacked Taiwan angered Beijing, leading to a travel boycott. Analysts express concern over Trump’s silence on the dispute, while Tokyo seeks to de-escalate...Read More
Evonith Steel, a Maharashtra-based flat steel producer, is seeking to raise Rs 500 crore from private equity and family offices in South Asia over the next 9-10 months. The company, backed by Nithia Capital, is aiming for a valuation of 10-11 times its Ebitda ahead of a planned IPO.Read More
Geosphere Capital’s Arvind Sanger says the AI pullback is not a bubble but a healthy correction, with long-term adoption firmly intact. US markets are rallying on rising odds of a December Fed rate cut, though it may be a hawkish one. He adds that India needs stronger earnings growth to regain FII attention, while crude...Read More
Japan’s Nikkei index closed nearly flat Tuesday, with SoftBank Group plunging nearly 10% due to concerns over competition between OpenAI’s ChatGPT and Google’s Gemini. While chip-related stocks like Advantest and Tokyo Electron saw gains, mirroring Wall Street’s tech rally, SoftBank’s significant drop weighed heavily on the market.Read More
As a result, India Inc.’s credit metrics are poised for a marginal improvement, with the interest coverage ratio estimated at 5.3-5.5 times in Q3, up from 5 times in the previous quarter.Hospitals in some regions reported cancellations of planned surgeries, reflecting the broad impact of extended rainsRead More
Analysts at Deutsche Bank and HSBC have turned increasingly bullish on the S&P 500, citing strong earnings momentum and AI-driven investment cycles. Forecasts for 2026 range from 7,500 to 8,000, supported by tech-led gains, solid profitability and favourable investor positioning, with expectations that AI-related market strength will continue.Read More
JP Morgan predicts Brent crude could plunge into the $30s by FY27-end as non-OPEC+ supply surges sharply outpace demand. Robust offshore projects, expanding shale output, and a rapid inventory build are expected to deepen the global glut. The bank warns that without supply cuts, surpluses may widen through 2027, pressuring prices despite steady demand growth.Read More
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