Topic
stake
Logistics Diana Shipping Sells 1.2M Genco Shares for $32M After Abandoning Takeover
According to Splash247, Diana Shipping sold 1.2 million Genco shares for about $32 million after aborting its nine-month takeover attempt. The sale reduces Diana's stake from 14.4% to 11.62%, with the remaining holding worth roughly $135 million. Genco now owns 44 bulkers, while Diana operates 36 bulkers and has two methanol dual-fuel newbuildings on order.
Finance Nvidia discloses $21 billion SpaceX stake as Musk ties deepen
Nvidia disclosed a nearly $21 billion stake in Elon Musk's SpaceX, holding 123 million shares that have since fallen to about $17 billion after the rocket company's June IPO. The chipmaker has committed more than $100 billion to AI companies and plans a $500 billion consortium to finance customers.
Finance Bank of America to Invest Rs 18,268 Crore for 49.9% Jio Credit Stake
Bank of America will acquire an initial 26.5% stake in Jio Credit, potentially rising to 49.9% through a Rs 18,268 crore ($1.9 billion) investment. The deal values Jio Credit at Rs 36,600 crore post-investment and will give the NBFC access to BofA's financial services expertise. Jio Credit reported AUM of Rs 30,667 crore as of June 30, 2026.
Logistics Brookfield Takes Indirect Control of 19.86% Torm Stake After Oaktree Buyout
Brookfield Corporation has taken indirect control of a 19.86% stake in Torm after completing its acquisition of the remaining 26% of Oaktree. The change occurs above Oaktree-linked vehicle OCM Njord Holdings, with its direct stake unchanged. Torm continues expanding, with the fleet set to reach 103 ships and a reported MR newbuilding order at Zhoushan Changhong unconfirmed.
Technology OpenAI weighs giving Trump administration 5% stake amid US scrutiny of AI firms: Report
According to a report, OpenAI is considering giving the Trump administration a 5% stake as US scrutiny of AI firms intensifies. The source provides no further details.
Business Prestige Estates acquires 50% stake in Rs 4,500 crore Mumbai commercial project
Prestige Estates Projects Ltd has acquired a 50% stake in Advent Convention and Hotels International Ltd for Rs 504 crore to co-develop a Rs 4,500 crore commercial project in Mumbai. The project in Andheri East will have 1.50 million sq ft of leasable area. The company also reported a two-fold increase in net profit to Rs 1,195.5 crore for FY2025-26.
Logistics MSC Pays $1.4bn for 49% Stake in Adani's Vizhinjam Port, Deepens India Bet
Mediterranean Shipping Company (MSC) is acquiring a 49% stake in Adani Ports' Vizhinjam transhipment terminal for $1.4bn through its terminal arm Terminal Investment Limited (TiL). The deal values the Kerala port at approximately $2.85bn and represents the largest foreign private investment in Indian port infrastructure. Adani will retain a controlling 51% stake. The investment will fund expansion of the terminal's capacity from 1.6m TEU to 5.7m TEU by end of 2028.
Business Wipro raises Aggne stake to 80% with $2.1 million investment to strengthen insurance technology business
Wipro has raised its ownership stake in insurance technology company Aggne to 80%, investing $2.1 million in the process. The acquisition deepens Wipro's presence in the insurance tech sector.
Technology Trump Administration Reportedly in Talks to Take Stake in OpenAI, Sources Say
The Trump administration is reportedly in talks to take an equity stake in OpenAI, as first reported by NOTUS and confirmed by CNBC. The discussions, dating back to 2025, involve CEO Sam Altman and are part of a proposed 'Public Wealth Fund' concept. No terms have been finalized, but the move follows a precedent of government stakes in tech companies like Intel.
Technology Trump and AI Leaders Discuss US Investment Stakes
President Trump is set to meet with AI leaders to discuss potential US government investments in major AI companies. This move aims to create a partnership with the American public, similar to the previous Intel investment. Meanwhile, Senator Bernie Sanders proposes a 50% public ownership stake in AI firms.
Logistics MSC Acquires Majority Stake in Pivdennyi Terminal
Mediterranean Shipping Co (MSC) has reportedly acquired a 51% stake in the Transinvestservice Container Terminal in Pivdennyi, Ukraine. This acquisition marks MSC's second terminal asset in the country, potentially revitalizing operations at the port.
Manufacturing Ming Yang Targets Stake in 2GW Canadian Offshore Wind Project
Ming Yang Smart Energy is considering a strategic investment in a 2GW offshore wind project in British Columbia. This initiative, led by Oceanic Wind Energy and Coast Tsimshian Enterprises, aims to harness the strong wind resources of the Hecate Strait.