Amazon inks $17.5 billion loan as AI borrowing frenzy grows
The tech giant agreed to a $17.5 billion delayed-draw term loan with banks including Citigroup Inc., according to a filing on Wednesday (June 10).
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Super Micro tumbles 19% after unveiling $7 billion equity raise to fund AI server expansion
Super Micro is tapping capital markets to finance a growing AI server business backed by nearly $39 billion in orders. While analysts see the fundraising supporting long-term revenue growth, investors reacted negatively to the prospect of significant shareholder dilution.
Pimco warns a wave of defaults is coming for low-quality borrowers
Pimco, which manages $2.3 trillion in assets, said the AI buildout could widen the range of economic outcomes over the next five years while leaving weaker and more heavily leveraged borrowers exposed.
Trump hails Citigroup as top M&A adviser, but rankings tell a different story
President Donald Trump’s unexpected endorsement of Citigroup CEO Jane Fraser put the bank’s dealmaking business in the spotlight, even as industry league tables showed the lender trailing several rivals in overall M&A advisory rankings. The remarks underscore the growing attention…
UltraTech Cement buys stake in renewable energy firm to cut power costs
UltraTech Cement Ltd has entered into an Energy Supply Agreement and a Share Subscription and Shareholders Agreement to acquire a 13.99% equity stake in FPEL Services Pvt. Ltd., a company engaged in the generation and transmission of renewable energy through…
SEBI mistook Valcambi EBITDA for revenue, all documents submitted: REL chairman
Rajesh Exports chairman Rajesh Mehta said SEBI’s ₹15.15 lakh crore revenue inflation concern stems from a misunderstanding of Valcambi’s financials, arguing that the regulator treated EBITDA as revenue while several other queries remain under examination.
What’s likely to move markets in the next trading session on June 11?
On Wall Street, weakness in technology and AI-linked stocks remains in focus after recent declines. In Europe, expectations of a European Central Bank rate hike have risen following higher eurozone inflation.
IOL Chemicals reports minor fire incident at Minoxidil manufacturing unit in Punjab
Shares of IOL Chemicals and Pharmaceuticals Ltd ended at ₹129.95, down by ₹2.95, or 2.22%, on the BSE.
AI, oil worries have ‘over-punished’ India, masked long-term investment case, Blackrock says
BlackRock says India stocks are over punished for lacking direct AI and oil risks, keeps constructive stance, backs financials and industrials despite volatility and foreign outflows.
DII buying cushions market as FII selling persists on June 10
Domestic institutional investors remained net buyers on June 10, helping cushion the impact of continued foreign selling, even as broader markets weakened and benchmark indices surrendered most of their intraday gains.