The expanding chorus of greenback bears includes asset managers Invesco and Columbia Threadneedle and hedge fund Mount Lucas Management. On Wall Street, Morgan Stanley and Societe Generale are warning clients that going long the dollar is an overcrowded trade that may not hold up.
Rajeev Misra, former SoftBank executive, is planning a significant investment in the Shapoorji Pallonji Group through his venture One Investment Management and a consortium of global funds. The funds will help refinance the group's high-cost debt, leveraging their stake in Tata Sons.
The Adani Group raised $13.8 billion in equity between 2019 and 2024, among the highest such exercises by an Indian conglomerate after Reliance Industries. The money had been raised by Adani Enterprises, Adani Green Energy, Adani Energy Solutions and Adani Total Gas.
