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Subscribe to enjoy similar stories.Nvidia is no longer the only AI chip game in town. But it is the largest by far, and the likelihood that it will be that way for the foreseeable future should count for something.It hasn’t counted for much lately.

Subscribe to enjoy similar stories.India stands at a unique economic crossroads. It possesses massive household wealth that remains largely disconnected from its industrial engine. While the nation’s micro, small and medium enterprises (MSMEs) grapple with a staggering credit gap estimated at about $310 billion, Indian households are sitting on an estimated 34,600 tonnes of gold valued at roughly $3.8 trillion as of June 2025 as per a Morgan Stanley report.

Subscribe to enjoy similar stories.Until recently, artificial intelligence was a welcome tailwind for U.S. growth.We’re beyond that now. AI is more like a hurricane-strength weather system making itself felt across the entire economy.

Subscribe to enjoy similar stories.Acko General Insurance Ltd has appointed investment banks for an initial public offering in India that could value the startup at up to $2 billion, according to three people familiar with the matter.The Bengaluru-based company has selected ICICI Securities Ltd, Kotak Mahindra Capital Co, and the India unit of Morgan Stanley to manage the share sale, one of the persons said, asking not to be identified because the information is not yet public.Mint had reported on 14 December 2025 that the General Atlantic- and Multiples-backed insurtech firm was preparing for an offer that could raise $300–400 million.The offering is expected to include a mix of a fresh issue of shares and an offer for sale by existing investors, the second person confirmed.Mint has reached out to Acko, ICICI Securities, Kotak Mahindra Capital Co, and Morgan Stanley India for comment.Acko intends to file its draft prospectus through the confidential pre-filing route before the end of this calendar year, the third person said.Under regulations introduced by the Securities and Exchange Board of India, the confidential filing mechanism allows companies to undergo regulatory review without immediately disclosing detailed financials and business strategies. It also gives issuers the flexibility to withdraw the offering without public disclosure if market conditions deteriorate.The IPO push comes as Acko reports improving financial metrics.For the fiscal year ended March 2025, the company posted revenue of ₹2,837 crore, up 35% year-on-year.

Subscribe to enjoy similar stories.Big corporate M&A is booming—and banks are earning megasize fees.In 2025, six acquisitions of U.S. public companies included sell-side fees of at least $100 million for a single bank, according to Deal Point Data. The previous year, only one deal did, though so far this year two have.

Subscribe to enjoy similar stories.Wall Street’s favorite new way of making money is selling sophisticated investing strategies to Main Street.JPMorgan, Goldman Sachs, Morgan Stanley and other banks are competing to sell programs that systematically execute trades based on preset rules. Hedge funds and others have long deployed such quant-trading strategies, but now pension funds, endowments, family offices and others are embracing them.Asset managers are also seeing a surge in interest in the strategies from wealthy investors.Fueling interest in these trading products, which banks call quantitative investment strategies, or QIS: fear that traditional investment approaches can’t keep up in the age of artificial intelligence.“The speed of the market is increasing, and we don’t have conviction about managers who mainly rely on fundamental analysis,” says Elmer Huh, chief investment officer of the Murdock Trust, a foundation in the Pacific Northwest.

Subscribe to enjoy similar stories.The artificial-intelligence trade came roaring back to life this week, with the Nasdaq Composite closing at a fresh high on Thursday, marking 12 straight days of gains. Underneath the optimism, however, are some of the same concerns about circular finance that plagued the stocks at the start of the year.Those are valid concerns ahead of a flurry of Big Tech earnings reports due out next week, including Google parent Alphabet, Facebook parent Meta Platforms, Microsoft, and Apple.

Subscribe to enjoy similar stories.Washington has been trying to free up more of the resources of big banks. Banks have wasted no time putting them to work, but on Wall Street rather than Main Street.Big banks’ lending to consumers and midsize companies is moving modestly ahead.

₹500- ₹2,000 crore, in the past month, according to investment bankers and deal advisors familiar with the matter.While the trend is becoming become more visible, intermediaries Mint spoke to declined to name any companies, citing dealmaking competition and confidentiality agreements governing the mandate shifts."I am seeing IPOs with new liquidity worth anywhere between ₹500 crore to ₹2,000 crore, turn into dual tracks over the last 30 days," a deal advisor working with IPO-bound companies told Mint on the condition of anonymity.This shift follows a cooling investor appetite amid global uncertainty, which has slowed listing activity. As a result, companies have now begun seeking alternative routes to provide liquidity to shareholders and founders."The current environment is not conducive for launching IPOs," said Samir Bahl, chief executive of investment banking at Anand Rathi Advisors.

₹500/tonne and ₹450/tonne to ₹5,300 and ₹4,500, respectively, barely a month after increases ₹100 and ₹50 implemented on 6 March.Markets cheered the move, interpreting it as a signal that pricing power may be returning to the ferrous cycle amid strong domestic steel demand and firm global prices.Morgan Stanley also flagged restocking activity amid rising prices. Seaborne iron-ore prices have risen about 8% since the end of February, partly aided by the West Asia war.Interestingly, brokers are divided over how profitability turned out for NMDC during Q4FY26, with Nuvama Institutional Equities estimating a 5% reduction in Ebitda per tonne, while Kotak Institutional Equities expects an 11% year-on-year increase in the metric.Against this backdrop, the latest price hike is a welcome relief, sending shares soaring this week.

Reserve Bank of India had adopted the inflation-targeting regime in 2016. While some have argued for raising the target or shifting focus from headline to core inflation, the dominant view is that the framework has broadly worked.Data shows inflation breached the band in only three of the past 10 years—two instances (2020–21 and 2022–23) driven by the pandemic and the Russia–Ukraine war.

. Also under consideration: unusual lockup times that limit share sales by early investors, preferential treatment for investors in his other companies and allocating an outsize portion of shares to individual investors, people familiar with the matter said.The company is considering hosting events at SpaceX locations including its sprawling complex near the Los Angeles airport and its rocket launch site in Florida’s Cape Canaveral area, people familiar with the matter said.

₹18,000 crore in planned fund-raising at risk. Thirteen mainboard companies are nearing their 12-month deadlines by June to launch their issues or lose regulatory approval.The impending expiry of these clearances, given by the Securities and Exchange Board of India (Sebi) between April and June 2025, underscores how volatile market conditions are prompting firms to defer listings, raising the prospect of higher costs, delayed timelines and a near-term squeeze on fresh market liquidity.Per PRIME Database, these include the Munjal family's ₹3,600-crore Hero Fincorp Ltd offer, Morgan Stanley-backed Continuum Green Energy Ltd's ₹3,650 crore plan, and Norwest Venture Partners-backed Veritas Finance Ltd's proposed IPO worth ₹2,800 crore.Following Sebi approval, companies typically file a red herring prospectus with the Registrar of Companies within four to six weeks.Sebi regulations mandate that companies must launch their IPOs within 12 months of receiving the final observation letter.

₹23,000 crore, based on unlisted share prices. A large syndicate of bankers will also help widen investor outreach and support book-building for the offer.At current unlisted valuations and the indicative offer size, NSE’s IPO could become India’s largest ever.

Subscribe to enjoy similar stories. JPMorgan Chase CEO Jamie Dimon said fears about artificial intelligence that walloped its stock on Monday were overblown and that America’s biggest bank would use the technology to its advantage. “In my view, we’ll be a winner," said Dimon, who was wearing a cast on his left hand after having arthritis and bone spurs treated.

Subscribe to enjoy similar stories. The chief executives of the largest U.S. banks together raked in $258 million in compensation for 2025, after a strong economy and buoyant Wall Street propelled their businesses to record levels.

Subscribe to enjoy similar stories. Michael Grimes, the longtime Morgan Stanley rainmaker, spent years laying the groundwork for his bank to land a role leading the initial public offering of Elon Musk’s rocket maker SpaceX. But by the time Musk finally decided to take SpaceX public, Grimes was working in the Commerce Department, having followed the billionaire to Washington, D.C.

Subscribe to enjoy similar stories. SUZHOU, China—Elon Musk has been telling investors for months that Tesla’s Optimus humanoid robot will revolutionize the world and create a new mega-industry. But most of it could belong to China, he has warned.

Subscribe to enjoy similar stories. Elon Musk took a gulp of water on stage at the World Economic Forum in Switzerland last month and started talking up one of his latest passions: data centers orbiting Earth. “The lowest-cost place to put AI will be space," Musk said.

Subscribe to enjoy similar stories. Artificial-intelligence tools are improving at a dizzying pace and branching into new, specialized areas. That created fears that AI could supplant traditional software and services, hammering a broad array of stocks on Tuesday.

Subscribe to enjoy similar stories. A handful of brands have what all luxury bosses want: a wait list to tide them over in quiet times. But resale values suggest that even rare goods such as Hermès Birkin bags and Rolex watches aren’t pulling in crowds like they used to.