Topic
investment
Finance FIFA abandons $4.2-billion World Cup stake sale plan after global backlash
FIFA has abandoned a plan to raise up to $4.2 billion by selling a 20% stake in a new commercial entity managing the World Cup, following opposition from UEFA, CONCACAF and AFC. The proposal, which would have created a $20-billion subsidiary, was withdrawn by President Gianni Infantino amid internal resignations and political controversy.
Business Domestic funds reach record 21% stake in Indian companies as FPI ownership drops to 17%
Domestic institutional investors have raised their ownership of Nifty 500 companies to an all-time high of 21%, while FPI ownership declined to 17% — down from 21.5% a decade ago. According to Motilal Oswal Financial Services, domestic funds infused nearly $166 billion over 22 months, offsetting $58 billion of FPI outflows. The report called the ownership shift structural, with DII holdings rising for nine consecutive quarters.
Finance Bloomberg Delays India's Sovereign Bond Index Inclusion as Market Reforms Need Further Testing
Bloomberg Index Services has delayed the inclusion of India's sovereign bonds in its global bond indices, saying recent market reforms need more time to be tested in practice. The delay is a negative for bond markets, as inclusion would have driven fund flows from several passive bond funds globally.
Business Nasdaq rises as Amazon's 13.7% rally lifts tech stocks; Apple drops 9.8%
The Nasdaq Composite gained 0.34% on July 31, 2026, as Amazon shares rallied 13.7% after the company reported its strongest quarterly revenue growth in more than four years. Apple dropped 9.8% on supply-constraint warnings. Traders raised the probability of the Federal Reserve holding rates in September to 35%.
Commodities MCX Gold Futures Drop to Rs 1,44,022 per 10g on Weak Spot Demand
Gold futures on MCX fell Rs 818 to Rs 1,44,022 per 10 grams on weak spot demand, with a firmer dollar and profit booking also weighing on prices. The World Gold Council reported steady Q2 demand at 1,269 tonnes, while bullion gained 1.7% in the month.
Logistics East Asia faces $890bn maritime investment bill to 2040, World Bank warns
The World Bank estimates East Asia and the Pacific needs about $890bn through 2040 to modernize ports, replace aging fleets and build alternative-fuel supply chains. Ports need $12bn annually, container capacity may nearly double, and China accounts for 65% of port spending. The report warns that regulatory uncertainty has led to sectoral paralysis.
Logistics NYK invests in MidOcean Energy to expand LNG footprint via Mitsubishi joint venture
Nippon Yusen Kaisha (NYK) will invest in UK-based LNG company MidOcean Energy through Mitsubishi-created Diamond Gas MidOcean Limited, expected to become a jointly owned company. The deal includes a strategic partnership in LNG marine transportation, completing between August and September 2026.
Finance Govt Debunks AI-Generated Fake Video of Finance Minister Nirmala Sitharaman Promoting Investment Scheme
The Press Information Bureau's Fact Check Unit has debunked a social media video claiming Finance Minister Nirmala Sitharaman promoted an investment scheme with easy returns. The video is AI-generated and fake, the government said, urging citizens and professionals to verify claims through official channels.
Finance Sid's Farm Raises ₹81 Crore in Pre-Series B Round Led by Omnivore and NSFO
Direct-to-consumer dairy and foods brand Sid’s Farm has raised over ₹81 crore in a Pre-Series B funding round led by Omnivore, NSFO, Dodla Dairy, Next Bharat Ventures, and LIO. The capital will be used to strengthen supply chain, expand manufacturing and distribution, and invest in product innovation and farmer partnerships.
Logistics Scorpio Tankers Takes Minority Stake in Eight VLCC Newbuilds and Orders Two LR2s
Scorpio Tankers has taken a minority stake in an eight-vessel VLCC newbuilding venture and signed a letter of intent for two LR2 product tankers at Jiangsu Hantong Ship Heavy Industry. The company also completed MR newbuilding agreements at Jiangsu Yangzi-Mitsui. The moves expand Scorpio's directly controlled newbuilding programme to 14 ships, with exposure to additional eight VLCCs through the joint venture. Net income surged to $387.5 million in the second quarter.
Technology Is AI facing a big financial reckoning? Chip stocks tumble as investor euphoria fades
Sharp falls in chip maker stocks have triggered investor concerns that the AI euphoria is fading. Korean chip makers SK Hynix and Samsung dropped 46% and 35% in a month, while US firms Micron and Intel fell 28% and 35%. China's reported chip breakthrough and worries over AI monetization add pressure. Despite the sell-off, Eileen Burbidge calls it a healthy correction after massive gains.
Logistics COSCO Shipping Heavy Industry Plans $1.1 Billion Mega Yard in Tianjin with Two VLCC-Scale Drydocks
COSCO Shipping Heavy Industry has filed environmental plans for an RMB8bn ($1.1bn) greenfield shipyard in Tianjin's Lingang Economic Area. The facility will cover 145.9 hectares with two VLCC-scale drydocks, three outfitting berths, and 448,000 sq m of workshops. First newbuild deliveries are scheduled for 2029, targeting large bulk carriers and containerships.
Logistics Diana Shipping threatens to cut Genco takeover bid after fleet value drops $50m
Diana Shipping has warned it may reduce its $27.34-per-share takeover proposal for Genco Shipping & Trading, citing a $50 million drop in Genco's fleet value since early June. The Athens-based owner claims a softer dry bulk market is eroding Genco's net asset value, and has also questioned the valuation method used by the New York-listed owner. Genco has rejected the allegations, stating that broker valuations show vessel prices are still rising.
Commodities Gold Price Prediction Today: Fed Policy, ETF Inflows, and Technical Levels Drive July 29, 2026 Outlook
Gold prices are trading cautiously at $4,030/oz ahead of the US Federal Reserve's policy decision on July 29, 2026. A modest 0.9% weekly gain was driven by a crude oil pullback and easing Treasury yields, while the World Gold Council reported 18.1 tonnes of net ETF inflows. Key support and resistance levels are identified for both gold and silver.
Logistics CMA CGM and Stonepeak launch $2.4bn United Ports joint venture for global terminal expansion
CMA CGM and infrastructure investor Stonepeak have completed the formation of United Ports, a joint venture holding nine container terminals across five countries. Stonepeak invested $2.4bn for a 25% stake, while CMA CGM retains 75% ownership and operational control. The portfolio includes key gateways in Los Angeles, New York, Brazil, Spain, Taiwan, and Vietnam, with plans to add Nhava Sheva Freeport Terminal in India pending regulatory approvals. The JV will fund capacity expansions, cargo-handling equipment, rail connections, and electrification. Stonepeak may commit an additional $3.6bn, bringing potential total investment to $6bn.
Trade Trade gap seen as by-product of India's development stage, investment needs, energy dependence: Govt to Parliament
India's merchandise trade deficit is a natural by-product of its development stage, investment needs, and energy dependence, according to Minister of State for Commerce and Industry Jitin Prasada. The statement to Parliament also highlighted shrimp export rejections totaling Rs 14 crore, rising FDI inflows, and progress under PLI schemes and the National Industrial Corridor Development Programme.
Manufacturing VST Tillers Tractors to set up ₹100-crore global tech centre in Hosur
VST Tillers Tractors Ltd (VTTL) has broken ground on a ₹100-crore Global Tech Centre in Hosur, Tamil Nadu. The facility will serve as the company's primary hub for R&D in next-generation farm machinery, including tractors, tillers, and electric and intelligent equipment, strengthening testing and validation capabilities.
Commodities Australia considers first new oil refinery in over 60 years to boost energy security
Australia will consider building its first new oil refinery in more than 60 years, Prime Minister Anthony Albanese announced, with A$4 million funding for a feasibility study by Perdaman. The move aims to reduce reliance on fuel imports, which cover 80% of domestic needs, amid Middle East war supply disruptions.
Finance Poonawalla Vision Fund Invests ₹230 Crore in Lohum Cleantech for Critical Minerals
Poonawalla Vision Fund-1 (PVF1) and family offices have invested ₹230 crore in Lohum Cleantech, a leading sustainable critical minerals platform outside China. The fund, managed by Ambit, has deployed 60% of its ₹1,050 crore corpus within three months, tracking a ~40% IRR. The investment highlights the strategic focus on critical minerals for energy transition and supply chain resilience.
Logistics Asyad Brings Omani Investors Into LNG Carrier Pair, Retains Majority Control
Asyad Shipping has sold 20% stakes in the companies owning two new LNG carriers – Muscat LNG and Musandam LNG – to Omani investors. Oman LNG Development Foundation Investment Fund and Mars Development and Investment each acquired 10%, while Asyad retains 80% and operational control. The 174,000 cbm vessels were built by HD Hyundai Samho and are on long-term charter to Oman LNG.
Technology India Gold Metaverse Raises ₹300 Crore to Build Digital Infrastructure for Gold Economy
India Gold Metaverse (IGM) has raised ₹300 crore in equity and secondary placement to develop the first integrated digital infrastructure for India's gold economy. The platform combines blockchain, AI, and financial market technologies through four interconnected products: Elanzia, RamMudra, GoldSense, and BullionX. The investment was led by marquee investors including Ashish Kacholia and family offices, with Pantomath Group facilitating the transaction.
Finance IPO Buzz: Over a Dozen Companies Set to Raise Rs 25,000 Crore in August 2026
Over a dozen Indian companies, including Zepto, Truhome Finance, and Shiprocket, are set to launch IPOs in August 2026, collectively targeting over Rs 25,000 crore. The offerings include fresh equity and offer-for-sale components, reflecting improving investor sentiment and market stability, according to merchant bankers.
Finance FPIs Infuse Over ₹3,000 Crore in Indian Domestic Market Last Week, Data Shows
Foreign Portfolio Investors turned net buyers in July, infusing ₹3,049 crore into Indian stocks last week and ₹14,946 crore month-to-date. The debt market also saw strong inflows of ₹9,521 crore via the Fully Accessible Route and ₹27,391 crore via the general route, according to depository data.
Technology HCLTech to invest Rs 14,257 crore in AI data centre at Odisha Sovereign AI Park, partners with Sarvam
HCLTech announced a Rs 14,257 crore investment to build its first AI data centre at the Odisha Sovereign AI Park, in partnership with AI startup Sarvam and the Odisha government. The project includes financial assistance from the state and aims to strengthen India's sovereign AI ecosystem. Separately, HCLTech will set up a global technology centre in Bhubaneswar employing about 5,000 people, expected to begin operations by 2028.
Commodities Cabinet Approves ₹3,030 Crore BHAVYA-Rasayan Scheme for Three Chemical Parks in India
The Indian Cabinet, chaired by Prime Minister Narendra Modi, has approved the BHAVYA-Rasayan Scheme with an outlay of ₹3,030 crore to establish three dedicated chemical parks. The scheme aims to promote the chemical industry along value chains, efficient resource utilisation, and lower logistics costs, with grants of up to ₹1,000 crore per park subject to state contributions.
Logistics Eight Roads, Flipkart, IMM India Fund to Sell Up to 9% Stake in Shadowfax via Block Deals
Eight Roads Investments, Flipkart, and IMM India Fund are collectively selling up to a 9% stake in Shadowfax through block deals worth approximately $108 million (Rs 1,048 crore). The floor price is set at Rs 197 per share, a 9.8% discount to the closing price. The sale coincides with the expiry of the six-month lock-in period for pre-IPO investors.
Logistics Gulf nations invest billions in pipelines to bypass Strait of Hormuz amid rising risks
Gulf nations are accelerating multi-billion-dollar pipeline projects to create alternative oil export routes bypassing the Strait of Hormuz, which has faced repeated disruptions. Seven major pipelines are under construction or planned, including UAE's $3 billion Fujairah pipeline and Iraq's proposed Basra-to-Ceyhan line. Existing routes from Saudi Arabia and UAE are already operating near capacity. The shift will reduce dependence on the narrow strait but introduces new risks, such as Houthi blockades in the Red Sea.
Logistics Aberdeen Group Takes 5% Stake in Malaysian Liner MTT Shipping and Logistics
London-listed asset manager Aberdeen Group has acquired a 5.075% stake in Malaysian liner operator MTT Shipping and Logistics, becoming one of its largest shareholders. The investment, valued at RM123.1 million ($30 million), follows MTT's recent listing on Bursa Malaysia and its order of two 3,300 TEU containerships for fleet expansion.
Technology Google's AI spending surges, pushing free cash flow to negative $5.9bn in second quarter
Alphabet reported negative free cash flow of $5.9bn in Q2 2026 as AI infrastructure spending surged to $45bn in the quarter. CFO Anat Ashkanazi said 60% of capital expenditure went to servers and 40% to data centres. CEO Sundar Pichai described the AI shift as 'early innings' and said the company remains disciplined on returns.
Logistics Seahawk Research Shows Shipping Volatility Can Diversify Investment Portfolios
Frankfurt-based Seahawk Investments released research arguing that divergence across shipping sub-sectors can be exploited for portfolio diversification via long-short equity investing. The study shows that replacing half of traditional equity allocation with its long-short fund lifted Sharpe ratio from 0.49 to 0.73, reduced volatility, and increased annualised returns. The fund showed low correlation with equity and bond markets.
Logistics Pelagic Credit Enters Chemical Tanker Market with $24.7M Pre-Delivery Financing for Two Newbuilds
Pelagic Credit has made its first investment in chemical tankers, committing $24.7m to pre-delivery financing for two 10,000 dwt newbuildings. The vessels have secured long-term time charters with an unnamed energy infrastructure company. The transaction is expected to close this month and represents a diversification of the Oslo-listed company's portfolio beyond multipurpose and offshore support vessels.
Logistics Evalend Shipping Places $310m Newcastlemax Order at Dajin Heavy Industry
Evalend Shipping has placed a $310m order for three-plus-one newcastlemax bulk carriers at China's Dajin Heavy Industry. The firm order covers three 211,000 dwt vessels with delivery across 2029 and 2030, marking Evalend's entry into the newcastlemax sector.
Business Karnataka Sees Fastest FDI Rise Among Major States as Inflows Nearly Double to $13 Billion
Karnataka recorded the fastest FDI growth among major Indian states, with inflows nearly doubling to $13 billion in the last financial year, driven by tech investments and global capability centres. Maharashtra, the top destination, saw a dip, while Gujarat remained flat at $5.7 billion. Sector-wise, computer software/hardware and services led inflows.
Logistics Bangladesh Advances $1 Billion Shipbuilding and Repair Hub at Matarbari Deepsea Port
Bangladesh has granted in-principle approval for a $1 billion privately financed shipbuilding and repair complex at the emerging Matarbari deepsea port. The project, backed by Australia-based AIS Marine Investments and China Harbour Engineering Company, aims to reduce the need for large vessels to dock in Singapore, UAE, or China. The facility will include a 600m by 95m drydock and is expected to create up to 3,900 jobs.
Logistics Miner Paragon seals $50m move into Indonesian shipping with DPAL acquisition
Jakarta-listed mining and energy support company Paragon Karya Perkasa has completed a Rp890bn ($50m) takeover of PT Deli Pratama Angkutan Laut (DPAL), gaining a controlling stake in a domestic coal shipping platform with 34 vessels. The acquisition is part of a restructuring driven by changes to Indonesia's shipping laws, aimed at placing DPAL under an Indonesian operating platform without foreign ownership restrictions.
Commodities ADNOC Makes $6.2bn Final Investment Decision for Umm Shaif Offshore Gas Field Expansion
Abu Dhabi National Oil Company (ADNOC) has taken a $6.2bn final investment decision to develop the Umm Shaif offshore gas field with partners TotalEnergies, Eni, and CNPC. The project will unlock over 600 million standard cubic feet per day of natural gas, equivalent to nearly 10% of the UAE's daily consumption, with production targeted by 2030. It includes $5.1bn in offshore infrastructure contracts and a $365m drilling program by ADNOC Drilling.
Supply Chain AI Data Center Boom: Is It an Absolute Bubble for Freight? Freight demand split, bubble warning
Freight demand is bifurcated: consumer-centric sectors like beverages and appliances struggle, while industrial demand for electrical goods, data centers, and batteries soars. Dr. Jason Miller of Michigan State University warns the AI data center build-out could be an 'absolute bubble', mirroring past tech booms and impacting trucking capacity and future freight volumes.
Trade India and UAE Ministers Hold Talks to Strengthen Trade and Investment Ties in New Delhi
Union Minister Piyush Goyal held a meeting with UAE Minister Abdulla bin Touq Al Marri in New Delhi to explore avenues for strengthening bilateral ties. Discussions covered trade, investment, tourism, and connectivity, reaffirming a shared commitment to unlock new opportunities for businesses and enhance people-to-people ties.
Commodities Nigeria-Morocco Atlantic Gas Pipeline: $25bn Mega Plan Gets Final Approval from 14 African Nations
West African leaders have formally endorsed the $25bn Nigeria-Morocco Atlantic Gas Pipeline, which will run 6,000km along the Atlantic coast of 14 nations, carrying 30 billion cubic metres of gas per year to Europe via Spain. Construction is expected to start in 2028. The project aims to stimulate regional industrial growth and boost Africa's global energy influence.
Commodities Godrej Agrovet inaugurates ₹300-cr integrated oil palm complex in Telangana's Khammam
Godrej Agrovet Ltd on July 20, 2026, inaugurated an integrated oil palm complex in Khammam, Telangana, with a total investment of ₹300 crore. The complex includes a mill with 30 tonnes per hour capacity, expandable to 60 tonnes, and aims to support the company's plan to increase its oil palm plantation area in Telangana to 30,000 hectares by 2030 from the current 10,000 hectares.
Business NITI Index: Gujarat, Maharashtra Lead First Investment Friendliness Rankings
NITI Aayog released its first-ever Investment Friendliness Index, with Gujarat, Maharashtra, Tamil Nadu, Goa, and Odisha scoring above 50. The index, based on 90 indicators and investor feedback, aims to guide state-level investment policies. NITI vice chairperson Ashok Lahiri called it a performance indicator, not a race, urging states to act amid geopolitical volatility.
Saronic picks Texas port for $3B shipyard, betting on defense manufacturing boom
Autonomous maritime technology company Saronic announced the selection of the Port of Brownsville, Texas, for Port Alpha, a $3 billion-plus next-generation shipyard. The project aims to dramatically expand U.S. shipbuilding capacity, create up to 10,000 jobs, and generate over $264.5 billion in statewide economic impact. Construction is expected to begin later this year.
Logistics Private Equity 'Bullish' on Next 18 Months for Freight M&A on Rate Recovery, $2 Trillion Logjam
Private equity is bullish on freight M&A over the next 12-18 months, driven by macroeconomic stability, recovering freight rates, and a $2 trillion capital logjam, according to investment banking director Eddie Zukowski. Hybrid operating models are seen as the sweet spot for successful deals.
Logistics Private Equity in Trucking: Why Most Deals Fail and the Texas Trans Eastern Exception
Private equity firms often struggle with asset-based trucking investments, as traditional models clash with the industry's cyclical nature. However, the nine-figure Texas Trans Eastern deal demonstrates that understanding market cycles and partnering with experienced owners can lead to success, according to FreightWaves and Spencer Tenney of The Tenney Group.
Commodities Gold Price Prediction: Buy on Dips Strategy for MCX Gold August Futures on July 17, 2026
MCX Gold August futures have rebounded sharply, prompting a buy-on-dips strategy from analyst Jateen Trivedi. The technical setup shows improving momentum with a bullish MACD crossover and recovering RSI. Key support is at Rs 1,40,000, with a target of Rs 1,42,000.
India to Take Equity Stakes in Semiconductor Startups Under Semicon 2.0
The Indian government has approved Semicon 2.0 with a Rs 1,27,500 crore outlay, moving from one-time grants to milestone-linked funding and equity investments in semiconductor startups. The India Semiconductor Mission CEO Amitesh Kumar Sinha outlined a phased funding model where the government will generally keep its equity stake below 50%, avoid board representation, and allow founders to buy back shares. The policy addresses the challenge startups face in raising capital after the design stage.
Manufacturing TSMC pledges another $100bn to expand US production in Arizona
Taiwanese chipmaker TSMC will invest another $100bn in Arizona, raising its total US commitment to $265bn. The Commerce Department says the move will create tens of thousands of jobs. The company also reported a 77% jump in second-quarter net profit to $22bn.
Trade India, EU Hopeful of Investment Protection Pact Before Year-End After TTC Meeting
Commerce Minister Piyush Goyal and EU Trade Commissioner Maros Sefcovic expressed hope that India and the European Union will conclude an investment protection agreement before the end of the year, following the third India-EU Trade and Technology Council meeting. Goyal also addressed EU steel measures, stating they were part of a balanced free trade agreement.
Finance SpaceX Share Price Falls Below IPO Price, Down 41% From Peak in Volatile Trading
SpaceX's share price dropped to $132.62 on Wednesday, below its initial public offering price of $135, and has fallen 41% from its post-float peak, BBC News reported. The decline reverses an initial frenzy that valued the company above Amazon and Microsoft and made Elon Musk the world's first trillionaire. If the price holds or falls further, investors who purchased at the IPO stand to lose money.
Logistics Tata Group Seeks Approval for $1 Billion Shipbuilding Investment in Kerala
Tata Group is seeking approval for a Rs100bn ($1bn) shipbuilding investment in Kerala, marking its entry into shipbuilding. Kerala chief minister V.D. Satheesan stated the state government is considering the proposal and could approve within a month. The move is part of India's broader push to expand shipbuilding capacity, supported by a $2.9bn maritime development fund.
Commodities EU Approves €63bn French Offshore Wind Support Scheme for 11 Farms
The European Commission has approved a €63bn ($72bn) French support scheme for offshore wind, backing the construction of 11 wind farms across the North Sea, Atlantic, and Mediterranean. The package will deliver up to 11.1GW of capacity and generate 47.8TWh annually, about 10.6% of France's power consumption.
Finance RBI Proposes Changes to Ease Bank Stake Raising by Domestic Institutional Investors
The Reserve Bank of India has proposed amendments to bank shareholding norms to ease investments by domestic institutional investors (DIIs), while tightening disclosure and monitoring. Key changes include a carve-out for portfolio managers, introduction of 'qualifying persons' classification, and a one-time approval mechanism for increasing stakes up to 10%. Simultaneously, revised governance norms redirect bank boards' focus to strategy and risk oversight, scrapping rigid agenda requirements.
Logistics Ciner Group's VLAC Investment Surpasses $1 Billion with Three New Orders at HD Hyundai
Turkish industrial conglomerate Ciner Group has ordered three additional very large ammonia carriers (VLACs) from HD Hyundai, bringing its total investment in the segment past $1 billion. The $363 million contract for 90,000 cbm LPG dual-fuel ships follows a $717 million order for six VLACs in May 2026. Ciner now has nine ammonia carriers on order at HD Hyundai Samho, with deliveries extending into 2030, amid a sharp rebound in large gas carrier contracting.
Manufacturing Avio Smart Market Stack signs Tripura MoU for freeze-drying plant, targets 1,300 jobs
Avio Smart Market Stack Limited signed a Memorandum of Understanding with the Government of Tripura to set up a freeze-drying facility for fruits and vegetables. The project is expected to create 1,300 jobs (500 direct, 800 indirect) and aims to reduce post-harvest losses and strengthen the state's horticulture value chain.
Technology Spain's Submer Invests $2 Billion in Madhya Pradesh Semiconductor Sector, Eyes 5,000 Jobs
Spain's Submer Group announced a $2 billion investment in Madhya Pradesh's semiconductor industry at the MP Tech Growth Conclave 3.0, expected to create nearly 5,000 direct jobs. The state government allotted 15 acres in Acharpura for a data centre project. Submer also plans to expand its liquid cooling solutions manufacturing and skill development programmes in India.
Logistics ADNOC L&S Bulker Spending Nears $74m with Fourth Secondhand Vessel Acquisition
ADNOC Logistics & Services has acquired its fourth secondhand bulk carrier, pushing its total bulker spending to nearly $74 million. The latest purchase is the 61,500 dwt ultramax Aliya, built in 2011 by Shin Kasado Dock. The acquisitions have expanded ADNOC L&S's medium-sized bulker fleet to 12 vessels, comprising four ultramaxes, five supramaxes, and three handysize ships.
Finance India Equity Mutual Fund Net Inflows Jump 26% in June, SIP Flows Hit Three-Month High
Net inflows into equity mutual funds in India surged 26% in June to nearly Rs 29,000 crore, with SIP gross flows hitting a three-month high of Rs 31,800 crore. Mid-cap and small-cap funds saw strong inflows, while debt categories recorded net outflows of Rs 1.1 lakh crore due to quarter-end corporate tax payments. Industry AUM rose marginally to Rs 82.2 lakh crore.
Logistics Höegh Autoliners extends Asian carmaker contract in $300m deal to boost freight capacity
Höegh Autoliners has extended a contract with a major Asian carmaker, expected to add about $300m in revenue through December 2029. The deal includes higher committed volumes, updated commercial terms, and adds Xiaomo port in southern China to its service network. The extension reflects strong demand for long-term car carrier contracts amid tight fleet supply, following similar moves by rival Wallenius Wilhelmsen.
Finance Nandan Nilekani's Fundamentum Launches Rs 2,200 Crore Fund III for Growth-Stage Indian Startups
Fundamentum Partnership, led by Infosys co-founder Nandan Nilekani and veteran investor Sanjeev Aggarwal, has launched Fund III with a target corpus of Rs 2,200 crore including a Rs 400 crore greenshoe option. The fund will write initial cheques of Rs 100-150 crore for 10-15% ownership in 8-10 companies, focusing on consumer technology, fintech, and AI-native businesses. Fund II has delivered a 26% gross IRR.
Logistics JP Morgan-linked Global Meridian orders two suezmax tankers at Samsung Heavy Industries
JP Morgan-linked shipowner Global Meridian has ordered two 158,000 dwt suezmax crude oil tankers from Samsung Heavy Industries for $189m, according to Splash247. The deal brings JP Morgan-linked suezmax orders at the South Korean yard to seven vessels and pushes Samsung Heavy's 2026 order intake past $10bn.