Finance - general

Kraken’s banking arm becomes first crypto firm to secure Federal Reserve payments access

By Axel Miller | 04 Mar 2026

Kraken Financial makes history as the first crypto firm to gain a Federal Reserve master account, enabling direct access to U.S. payment rails.

ByteDance valued around $550 billion as General Atlantic explores stake sale

By Cygnus | 25 Feb 2026

General Atlantic is exploring a sale of part of its ByteDance stake that could value the TikTok parent at around $550 billion, sources say.

Nigeria and South Africa drive global stablecoin demand surge, study finds

By Axel Miller | 18 Feb 2026

A global survey finds Nigeria and South Africa among the fastest-growing stablecoin markets, with rising use for payments, remittances, and income transfers.

Germany’s Stark reportedly crosses €1 billion valuation after fresh funding round

By Cygnus | 13 Feb 2026

German defence startup Stark reportedly crosses €1B valuation after fresh funding backed by Founders Fund.

Amazon Plans $200 Billion AI Spending Surge; Shares Slide on Investor Jitters

By Axel Miller | 06 Feb 2026

Amazon plans to boost capital spending to $200 billion in 2026, a 50%+ jump for AI infrastructure. While AWS growth accelerated to 24%, investor jitters over margins sent shares tumbling.

ABB gives confident 2026 outlook, launches $2 billion share buyback after record year

By Axel Miller | 29 Jan 2026

ABB signals strong 2026 growth after record earnings, launching a $2 billion buyback as AI data center demand boosts orders and margins.

SoftBank in talks to invest up to $30 billion more in OpenAI

By Cygnus | 28 Jan 2026

SoftBank is in talks to invest up to $30 billion more in OpenAI as part of a large funding round valuing the AI company near $830 billion, highlighting deepening investor focus on AI infrastructure.

SpaceX reportedly eyes June 2026 IPO at $1.5 trillion valuation

By Cygnus | 28 Jan 2026

SpaceX is reportedly considering a June 2026 IPO that could value the company at about $1.5 trillion and raise up to $50 billion, potentially one of the largest market debuts ever.

Indus Towers to Set Up GIFT City Hub to Centralise Global Expansion Plans

By Cygnus | 22 Jan 2026

Indus Towers will set up a wholly owned subsidiary in GIFT City to act as a holding and treasury hub for its overseas expansion after creating units in Nigeria, Zambia and Uganda.

General Atlantic to Acquire 7% Stake in Balaji Wafers in ₹2,500 Crore Deal

By Axel Miller | 22 Jan 2026

General Atlantic will buy a 7% stake in Balaji Wafers for ₹2,500 crore, valuing the snack maker at ₹35,000 crore as it gears up for pan-India expansion.

EQT to Acquire Coller Capital for Up to $3.7 Billion, Entering Secondaries Market

By Axel Miller | 22 Jan 2026

EQT will acquire Coller Capital for up to $3.7 billion, issuing 81 million shares to enter the fast-growing private equity secondaries market and expand liquidity solutions.

JPMorgan and Allen & Co Set for $180 Million Fee Windfall as Netflix Goes All-Cash in Warner Bros Battle

By Cygnus | 21 Jan 2026

JPMorgan and Allen & Co are set to earn $180 million in fees as Netflix shifts to an all-cash $82.7B bid for Warner Bros to counter Paramount Skydance’s hostile offer.

Rupee Hits Record Low Amid Greenland Tensions and Global Trade Turmoil

By Axel Miller | 21 Jan 2026

The rupee fell to a record close of 91.6950 per dollar as global risk aversion intensified on Greenland-related tensions and tariff threats, pressuring emerging markets.

Shell Flags Q4 Chemicals Loss Despite Steady Upstream and LNG Performance

By Axel Miller | 08 Jan 2026

Shell warns of Q4 chemicals loss amid $140/tonne margins, while upstream production remains steady. A look at the $2.7B German tax hit.

Adani Enterprises raises ₹1,000 crore as third public bond issue sells out in 45 minutes

By Axel Miller | 06 Jan 2026

Adani Enterprises’ third public NCD issue of ₹1,000 crore fully subscribed in 45 minutes; offers up to 8.90% yield amid high retail and corporate interest.

Musk’s Mars obsession poses strategic risk to SpaceX’s $1.5 trillion IPO valuation

By Axel Miller | 12 Dec 2025

SpaceX’s potential $1.5 trillion IPO faces scrutiny as investors weigh the profits of Starlink against the high costs of Elon Musk’s Mars ambitions.

Fed Cuts Rates in Sharp Split Decision, Signals Pause Amid ‘Data Blind Spot’

By Axel Miller | 11 Dec 2025

Fed cuts rates by 25 bps to 3.50%-3.75% in split decision; Powell signals pause for 2026 amid data delays and internal dissent.

Oracle’s AI Bet Faces Reality Check as Debt and OpenAI Reliance Spook Investors

By Axel Miller | 10 Dec 2025

Oracle shares cool as investors scrutinize debt levels and reliance on OpenAI. Despite strong cloud growth, rising capital costs and concentration risk weigh on the outlook.

Coca-Cola Weighs $1 Billion IPO for Indian Bottling Arm

By Axel Miller | 17 Oct 2025

Coca-Cola is reportedly exploring the idea of taking its Indian bottling arm, Hindustan Coca-Cola Beverages (HCCB), public — a move that could raise around $1 billion

AI Startup Valuations Raise Concerns as Funding Frenzy Accelerates

By Axel Miller | 03 Oct 2025

Artificial intelligence startups are attracting record levels of venture capital, but senior investors are cautioning that early-stage valuations may be getting overheated.

Oracle Founder Larry Ellison Pledges to Donate 95% of His Wealth

24 Sep 2025

Oracle co-founder Larry Ellison, currently the world’s second richest individual after Tesla CEO Elon Musk, has made headlines not just for his wealth but for his ambitious philanthropic goals.

UPI emerges global leader in digital payments with over 18 bn transactions and Rs24 lakh core turnover in June

By Unnikrishnan | 21 Jul 2025

India’s online payment platform, Unified Payments Interface (UPI), has emerged a global leader in digital transactions with 18.39 billion transactions

Wells Fargo eliminates 400 jobs in India in move to optimise global capability centres

By Unnikrishnan | 17 Jul 2025

American multinational financial services company Wells Fargo is reported to have eliminated 400 jobs, mainly in the engineering and administrative divisions in India

UK’s FCA partners with Nvidia to launch AI sandbox for financial innovation

By Cygnus | 09 Jun 2025

Financial companies in the UK will soon have a new platform to explore artificial intelligence tools, thanks to a new initiative from the Financial Conduct Authority (FCA).

Aviva's $4.9 billion Direct Line takeover faces UK antitrust scrutiny

14 May 2025

Aviva’s ambitious £3.7 billion ($4.92 billion) acquisition of Direct Line Group has hit a regulatory speed bump, as the UK’s Competition and Markets Authority (CMA)