Japan’s Mitsubishi UFJ Financial Group (MUFG) will acquire a 20% stake in Shriram Finance Ltd for $4.4 billion, marking the largest cross-border investment ever in India’s financial sector, the Indian non-bank lender said on Friday. The transaction comes amid a sharp acceleration in foreign investment into India’s banking and financial services industry. Deal values in
The S&P 500 Index and its top ETFs, like VOO and SPY remained in a tight range in the past few months as jitters in the AI industry accelerated. It was trading at $6,775, a few points below the year-to-date high of $6,930. This article explores some of the top catalysts for the index and
Crypto exchange Coinbase has filed lawsuits against three US states over regulatory conflicts surrounding the classification of event contracts, as it hopes to secure federal protection for its newly launched prediction markets. Coinbase challenges state authority over prediction markets Per a Dec. 19 X post from the exchange’s chief legal officer Paul Grewal, Coinbase has
Italy’s competition authority has formally closed investigations into four major electric vehicle makers after securing commitments to improve how consumer information is presented. The probes targeted BYD, Tesla, Stellantis, and Volkswagen over concerns that buyers may not have been given sufficiently clear details about electric vehicle performance and battery-related conditions. Rather than imposing penalties, the
Sportswear giant Nike reported a sharp drop in second-quarter profit on Friday, overshadowing better-than-expected revenue and earnings and sending its shares down more than 10% in premarket trading, as investors focused on mounting pressure from China and higher costs. The company posted revenue of $12.43 billion for the quarter ended November 30, up slightly from
Rivian stock price continued its strong bull run, reaching a high of $20.30, up by 113% from its lowest level this year. It has jumped to the highest level since January 2024, bringing its market capitalization to over $24 billion. This article explores why the RIVN stock price is soaring and what to expect in
UK-based OXCCU is advancing a game-changing one-step power-to-liquids (PtL) process that could dramatically lower the cost of sustainable aviation fuel (SAF) and accelerate aviation’s path to net-zero, CEO and co-founder Andrew Symes tells Invezz. In this exclusive Invezz interview, Symes – an Oxford University chemistry graduate with deep experience in climate tech investing at BP
The cryptocurrency market has been underperforming since the start of the week, but memecoins are usually hit the hardest during bearish moments. DOGE, the native coin of the Dogecoin ecosystem, is one of the worst performers among the top 10 cryptocurrencies by market cap. The memecoin is down by nearly 5% in the last 24
Trump Media & Technology Group and fusion power company TAE Technologies have agreed to merge in an all-stock transaction valued at more than $6 billion, the companies said on Thursday. As per the statement, the deal is set to create one of the world’s first publicly traded fusion energy companies and marks a significant strategic
XPeng stock price has nosedived in the past few weeks as investors have dumped Chinese EV companies. XPEV dropped to $18 in New York, down by 35% from its highest point this year. This article explores why it has crashed despite its strong numbers. Why the Xpeng stock price has crashed Xpeng stock price has