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Bajaj Housing Finance's $782 million IPO opens for public subscription, attracting major institutional investors. The offering is poised to make the company India's most valuable listed home loan provider.
A nonprofit has filed a lawsuit against Texas, challenging a law that restricts state investments in companies supporting reduced fossil fuel use. The case highlights tensions between environmental policies and state regulations.
BlackRock, the world's largest asset manager, reduced its backing for environmental and social shareholder proposals to 4% in the recent AGM season. Overall support for shareholder resolutions increased due to governance-related issues.
Chinese demand for offshore investments surges, challenging QDII quota limits. Foreign firms employ creative strategies to manage quotas as investors seek alternatives to sluggish domestic markets.
NYSE's proposal to exempt closed-end funds from annual shareholder meetings faces opposition. Critics argue it could limit investor rights and protect underperforming funds from activist challenges.
Coinbase reports substantial Q2 revenue growth, driven by increased trading volumes and regulatory approvals for crypto ETFs. The company sees gains in transaction and subscription revenues.