Blackstone

Fair trade regulator CCI on Wednesday approved a proposal of Blackstone-backed PE funds and other investors to acquire a stake in AI acceleration cloud provider Neysa Networks. The development came after Neysa, in February this year, announced that private equity funds affiliated with Blackstone and co-investors have entered into definitive agreements to invest in the company, enabling a USD 1.2 billion capital raise. The Competition Commission of India (CCI) said it has cleared the proposed deal. "CCI approves the acquisition of certain shareholding in Neysa Networks Private Limited by BCP Asia II Topco V Pte. Ltd, Asia II Topco XIV Pte. Ltd, and other investors," the competition watchdog said in a post on X. Other equity investors in the transaction include Teachers' Venture Growth, TVS Capital, 360 ONE Assets, and Nexus Ventures. Blackstone is the world's largest alternative asset manager with USD 1.3 trillion in assets under management, including global investment strategies .

The new venture will allow companies to rent AI computing power using Google's custom TPU chips instead of building costly infrastructure

In FY26, the Reit's NOI grew 18 per cent YoY to ₹4,048.4 crore

The merger will create a $2-billion packaging platform combining flexible and rigid capabilities, with a strong focus on emerging markets and global expansion

Fugitive businessman Vijay Mallya, the original owner of Royal Challenger Bangalore, on Thursday took a dig at critics who called it "investment as a vanity project" after the cricket franchise was sold for almost USD 2 billion (Rs 18,776 crore). Mallya, who had bought Royal Challenger Bangalore (RCB) for Rs 450 crore in 2008, in a post on X congratulated the new owners of RCB, saying, "I wish them the very best and Godspeed with the most valuable IPL franchise." The sale of cricket franchise RCB by United Spirits Ltd (USL) almost tops a record USD 2 billion (Rs 18,776 crore), considering it also includes a Rs 540-crore payout for the Women's Premier League and a 5 per cent commission to the cricket body BCCI by the consortium of buyers, according to sources. USL had on Tuesday announced the sale of RCB in a Rs 16,660-crore all-cash deal to a consortium of Aditya Birla Group, The Times of India Group, Bolt Ventures and Blackstone. Reacting to the development, Mallya wrote, "When I

ASK Property Fund has exited Mahagun's Noida project with Rs 650 crore, earning a 21 per cent IRR, as the stalled development sees revival following NCLT relief

Schwarzman collected $1.1 billion in dividends alone from his roughly 20 per cent stake in the world's biggest alternative asset manager, according to an annual filing on Friday

The investment will make the private equity firm the largest shareholder in Federal Bank, which does not have a promoter, with all its shares publicly held

The alternative asset manager sees huge potential from bringing private markets to individual investors, who are looking for alternatives to the conventional portfolio

The decision has major implications for private equity funds that have set up shell entities in the offshore haven to channel investments into India, according to lawyers

ASK Property Fund has invested ₹340 crore in three Mantra Group residential projects in Mumbai and Pune, backing NCLT acquisitions and ongoing construction

Horizon Industrial Parks raised $200 million in the pre-IPO funding round from 360 ONE, SBI Life Insurance, State Bank of India, Radhakishan Damani, EAAA, DSP Investments, among others

The report noted that the ongoing AI cycle is structurally different from previous technology booms, as it is being driven by earnings growth rather than valuation expansion

Blackstone-backed mall operator eyes expansion in Kolkata, Patna, Ranchi and Guwahati as it moves to double its portfolio to 30 malls by 2030

Backed by Blackstone, Ventive Hospitality aims to double its hotel footprint with a Rs 2,000 crore capex plan, expanding into leisure destinations after acquiring the Hilton Goa Resort

Blackstone will invest about Rs 700 crore to develop two Grade A industrial and logistics parks across 154 acres in Sriperumbudur with Casagrand Industrial & Warehousing

Investors are pouring billions of dollars into artificial intelligence services like OpenAI's ChatGPT, and the data centers required to power them

Nexus Select Trust targets 13% annual portfolio growth through mall acquisitions and rising consumption, with record festive sales and strong demand across jewellery, fashion, and electronics

Horizon Industrial Parks has appointed Urvish Rambhia as CEO to lead its next growth phase with Blackstone, as India's logistics and warehousing sector continues its strong upcycle

The Indian banking sector has seen a flurry of foreign investors investing in the sector of late. Last week, Emirates NBD announced that it will invest $3 billion for a 60% stake in RBL Bank