Shares of the electric vehicle maker jumped nearly 7% after its largest shareholder, Hero MotoCorp, approved a substantial new investment, underscoring confidence in the company's growth and capital-raising plans.
Most Asian currencies traded in narrow ranges as investor caution over escalating U.S.-Iran military tensions offset the impact of a weaker U.S. dollar and stronger-than-expected Chinese economic data.
Most Asian markets rose Wednesday after a surprise drop in U.S. consumer prices eased Federal Reserve rate hike fears, though weaker-than-expected Chinese GDP and Middle East tensions limited the rally.
Payments firm Stripe and private equity giant Advent International have reportedly made a joint offer to acquire PayPal for $60.50 per share, a deal that would value the struggling payments pioneer at a significant premium.
Payments firm Stripe and private equity group Advent International have made a joint offer to acquire PayPal for over $53 billion, or $60.50 per share, representing a 28% premium, according to a Reuters report.
Singapore's largest lender, DBS Group, aims to increase its wealth assets under management to over S$1 trillion ($774 billion) by 2030, capitalizing on rising affluence and capital inflows into the region.
Shares of SoftBank Group fell after its key portfolio company, Arm Holdings, was downgraded by HSBC. Investor skepticism over CEO Masayoshi Son's ambitious AI forecasts also contributed to the decline.
Three artificial intelligence hardware startups are reportedly in talks to raise hundreds of millions of dollars in new capital, signaling continued strong investor demand for challengers in the AI chip market.
Chinese artificial intelligence firm DeepSeek is reportedly in talks for a new private funding round at a valuation of at least $71 billion, while simultaneously preparing for a domestic initial public offering.
