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Moonshot eyes early 2027 Hong Kong IPO after valuation hits $50 billion

Moonshot AI is targeting a Hong Kong IPO in Q1 2027 after closing a private funding round at a $50 billion valuation

Domestic banks tighten grip on equity deals as fundraising surges

Kotak Mahindra Capital Co. reclaimed the top position after working on 45 deals through the end of September, capturing a 9.5% market share

Jio Platforms targets $114 bn valuation for IPO, listing likely by Oct 30

Jio has finished gauging demand for the offering and is likely to begin meetings with potential investors this week to discuss valuation and pricing

Citigroup takes top spot in global IPO underwriting through September

Citi was just ahead of Goldman Sachs Group Inc. in the league tables, according to data compiled by Bloomberg

Nvidia-backed Reflection unveils open AI model to rival Chinese models

The model, called Beam, is designed to perform well for business customers and developers on coding and AI agent tasks while costing less than many competitors

RBI set for first rate hike in almost four years as rupee, inflation weigh

A hike would put the Reserve Bank of India alongside Asian peers that have already begun tightening and mark the first such move under Governor Sanjay Malhotra

Banks chase risky chip loans as Asia's $8.2 trn AI buildout gathers pace

Companies building hundreds of data centers across the region are also seeking funds to buy the advanced computer chips that will power them

World Bank raises India growth forecast to 7.1% for FY27 on strong demand

The region's governments have responded more aggressively than peers elsewhere as the US-Iran war drove global prices up, and they've relied more heavily on subsidies

Elon Musk is a trillionaire again as SpaceX claws back post-IPO slump

The fortune of the world's richest person jumped by $65 billion on Monday to $1.04 trillion, according to the Bloomberg Billionaires Index

Trump eases restrictions on use of dyed diesel in bid to cut fuel costs

Trump signed an order allowing wider use of tax-exempt red diesel on roads through year-end, seeking to ease fuel costs for farmers, truckers and workers ahead of the midterm elections

Iran oil minister resigns as exports dry up amid mounting US pressure

Mohsen Paknejad's exit comes as a US naval blockade brings Iran's oil exports to a halt, forcing production cuts and worsening domestic energy shortages

Denmark data breach exposes personal details of 8.8 million people

The breach occurred after unidentified individuals misused a private Danish company's legitimate access to search the Central Person Register, known as CPR

FlyDubai co-pilot failed to complete university studies in Australia

Hamam al-Hammami, the 29-year-old Omani co-pilot who allegedly attacked his captain mid-flight, had been enrolled at RMIT University in Melbourne but failed to finish an engineering qualification

Wall Street's $10 billion India hospital bet sparks a fight over bills

Blackstone, KKR, TPG, General Atlantic and other global investors have spent about $10 billion buying stakes in Indian hospital chains over the past five years

Former Anthropic researcher Jacob Coxon to testify at NYC hearing on AI

Coxon will appear at request of Council Speaker Julie Menin, who has urged AI whistleblowers to testify as city lawmakers weigh a package of bills aimed at establishing safeguards around technology

India's bond yield curve poised to flatten as RBI drains surplus cash

The 5-10 year yield gap is expected to narrow as the RBI drains surplus cash, pressuring shorter maturities

Flavio Bolsonaro pushes Lula to brink of defeat ahead of Brazil runoff

With conservative allies dominating across Brazil in Sunday's voting, Bolsonaro capped the day by taking about 47% of the vote to the leftist Lula's roughly 45% with counting nearly complete

Asian economies on front line of economic risk if AI boom turns to bust

The region is 'particularly exposed' because it's at the center of global AI supply chains and 'increasingly integrated into AI-related financial markets', the report said

AI deal frenzy powers Hong Kong fundraising to a record in Jul-Sep

IPO, placement and block-trade fundraising hits a quarterly record despite stock sell-off and rising bond yields

Russia vows to intensify strikes, warns diplomats against Kyiv travel

Moscow threatens attacks on Ukrainian military and industrial infrastructure as tensions escalate and Germany backs Kyiv