blackstone group

AI giants OpenAI and Anthropic are intensifying their competition by launching new ventures aimed at boosting enterprise AI adoption. Both companies have secured significant funding from major financial institutions to help businesses integrate their AI tools into daily operations. This strategic move prioritizes real-world usage and revenue growth as both firms reportedly explore public listings.

A consortium including Aditya Birla Group, The Times of India, Bolt Ventures, and Blackstone has agreed to acquire Royal Challengers Bengaluru for $1.78 billion. The deal, subject to regulatory approvals, will see Aryaman Vikram Birla as chairman and Satyan Gajwani as vice-chairman post-IPL 2026. This acquisition makes RCB the most valuable IPL franchise to date.

IIM Ahmedabad's PGP Class of 2026 achieved 100% final placements across 26 cohorts. Consulting firms led hiring, with BCG, McKinsey, and Bain extending numerous offers. The process involved a cluster-cohort system and dream applications. Investment banking, private equity, and technology sectors also saw significant participation, with new recruiters joining the placement cycle.

US entrepreneur Kal Somani, backed by the Walton and Hamp families, has secured ownership of the Rajasthan Royals franchise for $1.63 billion. This significant acquisition marks a new chapter for the IPL team.

Satyan Gajwani is part of the consortium comprising Aditya Birla Group, Times Group, David Blitzer's Bolt Group and American Private Equity firm Blackstone, which bought a 100 percent stake in RCB for $1.78 billion (Rs 16,600 crore).

Former RCB owner Vijay Mallya expressed his emotions following the franchise's record sale, stating it remains in his DNA. He recalled his initial INR 450 crore investment in 2008, which has now grown to an astounding INR 16,600 crore. Mallya highlighted his decision to pick a young Virat Kohli as a significant memory, thanking fans for their unwavering support.

A consortium including Aditya Birla Group, The Times of India, Bolt Ventures, and Blackstone has acquired Royal Challengers Bengaluru (RCB) for $1.78 billion. This landmark deal encompasses both the men's and women's IPL and WPL franchises from United Spirits. Aryaman Vikram Birla will chair the team, with Satyan Gajwani as vice-chairman, following the 2026 IPL season.

Vijay Mallya's initial purchase of Royal Challengers Bengaluru for $111.6 million was driven by brand promotion, not cricket passion. Now, after an 18-year journey under Diageo's ownership and a name change to Royal Challengers Bengaluru, the franchise has been sold for a staggering $1.78 billion, marking a colossal 1495% value increase.

Richard Bookstaber, a financial analyst and former hedge fund and US Treasury insider who wrote A Demon of Our Own Design, the book that foreshadowed the 2008 financial crisis, warns that today’s financial system is even more fragile. Private credit, AI-driven tech, stock concentration, and geopolitical tensions form a tightly linked network where shocks spread quickly. Unlike past crises, risks now arise from the physical world, energy, semiconductors, and supply chains, beyond the reach of traditional financial tools.

Blackstone buys Chandigarh mall for undisclosed amount in one of the biggest realty deals

The head of private equity firm blackstone group said on Wednesday that the industry's worst days have passed as he confirmed plans to sell up to eight companies through initial public offerings "in the near future."

Private equity giant blackstone group has signed a definitive agreement to invest about Rs 500 crore, or $111 million, in Kolkata-based Visa Group's power business.

Mphasis CEO Nitin Rakesh assured investors that Blackstone's stake sale is a standard part of its investment cycle, not a reflection of poor performance. Blackstone, holding over 60% since 2016, plans to sell up to 1.8 crore shares via open market transactions, subject to market conditions. This move signals a natural exit strategy for the private equity firm.

blackstone group is set to acquire 36% ownership in the tenanted office space portfolio of southern developer Embassy Property Developments for about $230 million (Rs 1,300 crore), said bankers close to the transaction.

blackstone group is in talks to buy a stake in the loyalty programme of Jet Airways, the troubled Indian carrier that’s exploring options to raise cash, people with knowledge of the matter said.

Leading global investment firm Blackstone has invested Rs 1,750 crore in Kishore Biyani led Future group firm Future Lifestyle Fashions Ltd (FLFL). "Funds managed by Blackstone have invested Rs 1,750 crore (including by way of debentures) in Ryka Commercial Ventures, the holding company of FLFL," the company said.

Private equity giant blackstone group and Standard Chartered Bank will together extend Rs 1,150 crore ($184 million) funding to Embassy Office Parks Ltd to help the latter buy 60% stake in Bangalore IT special economic zone Vrindavan Tech Village (VTV), said people directly familiar with the matter.