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Aswath Damodaran's warning on trillion-dollar fight over SpaceX and OpenAI in world's most powerful stock index
NYU professor Aswath Damodaran has cautioned that the rush to include newly listed giants such as SpaceX, OpenAI and Anthropic in the S&P 500 could reshape passive investing. While these firms may quickly become some of the market’s largest companies, Damodaran argues they could still be loss-making, have evolving business models and governance concerns a year after listing.
RBI clears three-month extension for HDFC Bank interim chairman Keki Mistry
The Reserve Bank of India has granted a three-month extension for Keki Mistry as interim Part-time Chairman of HDFC Bank. This allows the bank more time to appoint a regular chairman. The decision follows a legal inquiry into former chairman Atanu Chakraborty's resignation. Preliminary findings suggest no governance irregularities.
NSE's long road to Dalal Street: How scandals and lawsuits delayed India's biggest IPO
After years of regulatory probes, court battles and governance controversies stalled its listing ambitions, NSE has finally filed for what could become India's largest-ever public offering.
BRND.ME converts into public company, eyes IPO in 12-18 months
BRND.ME, formerly Mensa Brands, has converted into a public company after shifting its corporate base to India. The consumer brands platform is preparing for a potential IPO within 12-18 months, backed by stronger governance, profitability and a streamlined corporate structure.
Areion seeks RBI approval for Rs 936 crore Aviom takeover
Areion Group is seeking Reserve Bank of India approval for its acquisition of Aviom India Housing Finance. The deal, valued at ₹936 crore, is undergoing rigorous review. The RBI will closely examine the source of funds and Areion Group's governance. This assessment ensures the acquisition is backed by legitimate capital.
Areion seeks RBI approval for Rs 936 crore Aviom takeover
Areion Group is seeking Reserve Bank of India approval for its acquisition of Aviom India Housing Finance. The deal, valued at ₹936 crore, is undergoing rigorous review. The RBI will closely examine the source of funds and Areion Group's governance. This assessment ensures the acquisition is backed by legitimate capital.
HDFC Bank board to review findings on Atanu Chakraborty's exit on June 18
HDFC Bank's board meets June 18 to review legal findings on Atanu Chakraborty's concerns. Preliminary reports suggest no governance issues. The board will also seek a three-month extension for interim chairman Keki Mistry, pending RBI approval. Mistry's term ends June 18. The bank awaits the central bank's response on the extension request.
HDFC Bank board to review findings on Atanu Chakraborty's exit on June 18
HDFC Bank's board meets June 18 to review legal findings on Atanu Chakraborty's concerns. Preliminary reports suggest no governance issues. The board will also seek a three-month extension for interim chairman Keki Mistry, pending RBI approval. Mistry's term ends June 18. The bank awaits the central bank's response on the extension request.
HDFC AMC launches sustainability-focused PMS strategy, excludes defence, alcohol and tobacco sectors
HDFC AMC launches HDFC Growth for GOOD Portfolio, a PMS strategy focused on sustainable, governance driven investments while avoiding sin sectors.
Apollo Hospitals taps Shobana Kamineni to chair soon-to-be listed Healthtech unit
Apollo Hospitals is appointing Shobana Kamineni as executive chairperson of its upcoming medical equipment business, Apollo Healthtech. This move is part of a larger restructuring plan to unlock business value. Apollo Healthtech is expected to be listed separately. The company aims for significant revenue by listing. This signals a focus on growth and governance for the new entity.
Bharti Airtel hikes stake in Airtel Africa
Bharti Airtel announced that nearly 100% of its shareholders have approved the ongoing transaction to consolidate its stake in key strategic subsidiary Airtel Africa plc, underscoring the highest levels of corporate governance at India's leading communications provider while reinforcing strong investor confidence. The transaction involves Bharti Airtel issuing equity shares to Indian Continent Investment, a promoter group entity, on a preferential basis, in exchange for its 16.31% stake in Airtel Africa.
Elon Musk becomes world's first trillionaire after SpaceX makes record debut at Wall Street
SpaceX raises $75 billion in record IPO, boosting Elon Musk past 1 trillion net worth, investors pay an Elon premium despite political and governance concerns