Know What's Happening in Finance
Know What's Happening in Finance
Finance Pulse
EMAIL DIGESTS
Daily
Every morning
Weekly
Tuesday recap
EMAIL DIGESTS
Daily
Every morning
Weekly
Tuesday recap
Wipro lands $1B+ Olam transformation contract, shares jump 3%
Wipro Limited announced an eight‑year strategic transformation agreement with Singapore‑based Olam Group valued at over $1 billion, including an $800 million committed spend to deliver AI‑driven, end‑to‑end services across Olam’s farm‑to‑fork value chain and to acquire its digital arm Mindsprint, adding roughly 3,200 specialists. The news lifted Wipro’s shares about 3% to a session high.
Also developing:
FactSet announced a beta rollout of its AI‑enabled Document Search to more than 85,000 users, giving analysts instant, source‑linked answers from earnings calls, filings and news. The move underscores the firm’s push to embed generative AI in core research workflows while preserving auditability and compliance.
Robinsons Retail Holdings Inc. (RRHI) will be voluntarily delisted from the Philippine Stock Exchange after JE Holdings, its largest shareholder, launched a tender offer worth P18.4 billion (approximately $330 million). The offer price of P48.30 per share represents a 23% premium over...
Finance leaders are increasingly hampered by a manual, spreadsheet‑heavy financial close that drags on for weeks and diverts senior talent to reconciliation work. The article argues that this bottleneck erodes data quality, controls, and strategic insight, especially as reporting demands...
Former Freddie Mac CEO Donald Layton argues that the government‑sponsored enterprises (GSEs) can achieve capital reform faster by lowering minimum capital standards and using the 2018 Enterprise Regulatory Capital Framework (ECRF) as a template. He cites the Trump administration's executive order...
IDB Invest has approved up to $12 million in senior‑loan financing for rentandes S.A.S., a Colombian operating‑lease specialist. The funds, split into an $8 million committed tranche and a $4 million optional tranche, will be disbursed in local pesos over six years. Rentandes...
Vertalo CEO Dave Hendricks argued on the Capital Ideas podcast that distributed ledger technology is a fundamental upgrade to ownership recording, not a speculative crypto fad. He highlighted the SEC’s recent multi‑division statement confirming tokenized securities are still traditional securities,...
Group reporting and consolidation have become essential to CFO credibility as organizations grow in complexity. Finance teams still rely on fragmented, period‑driven processes that deliver insights too late for effective decision‑making. The playbook advocates moving to continuous, connected consolidation, providing...
Working capital is either funding your growth… or silently killing your business. Most entrepreneurs don’t even realize which side they’re on. Let’s break it down. Working capital = Current Assets – Current Liabilities Simple math. But it tells a powerful story. It answers one question: Can your business survive...
UAE‑based CFDs broker Amana, through its Dubai holding 180 Capital, has sold its FCA‑licensed UK subsidiary to 11:FS Holdings, a partnership between David Brear and Max Koretskiy. The UK operation will be rebranded as Kinsworth Investments Ltd and will expand...
Moody’s Analytics now sees recession odds edging past 50%, while Goldman Sachs estimates a 30% chance of a downturn in the next year as higher oil prices and a cooling labor market converge. Small businesses, lacking the cash buffers of...
"If something goes wrong on the CapEx front, on the investment front, on the ROI front, you pick it. The entire market, bonds, credits, structured products, etc... I don't want to say we're in for a world of hurt, but there...
DZ Bank announced a new bond framework dedicated to financing civil defence and resilience projects. The structure emphasizes a use‑of‑proceeds label that directs capital toward security‑related infrastructure while explicitly excluding armaments. The bank is consulting with development finance institutions (DFIs)...
In this episode of Startup to Last, Rick of LegUp Health explains how he revamped the company’s formula for allocating funds to growth, emphasizing the role of data as the foundation for AI-driven decision‑making. He shares recent internal developments, such...
Fitch reaffirmed Israel’s sovereign credit rating at A with a negative outlook on March 27, 2026, citing escalating war costs and fiscal strain. The agency highlighted that the ongoing Operation Lion’s Roar and northern front clashes forced Israel to exceed its budget...
TaxGPT unveiled an AI‑driven tax‑prep agent that can complete a full return by automating browser interactions within existing web‑based tax platforms. The agent extracts documents, enters data, runs diagnostics, and then hands the work to a review AI called Agent...
Accounting-related securities class actions dropped 40% in 2025, reaching a 20‑year low of 34 filings, while settlement values surged 40% to roughly $1.5 billion. The median settlement climbed 38% to $17.1 million, the highest since 2022, and cases now average 4.1 years to...
On 27 March 2026 the EU Official Journal published Commission Implementing Regulation 2026/722, which amends the technical standards set out in Implementing Regulation 2024/3172. The amendment refines the European Banking Authority’s Single Access Point (EBA‑SAP) requirements for disclosures by credit institutions that are not...
Paranovus Entertainment Technology Ltd (NASDAQ:PAVS) will implement a 1‑for‑12 reverse stock split on March 31, 2026, reducing its outstanding Class A shares from about 11.3 million to roughly 945 k. The split aims to lift the share price from its current $0.21 level,...
Aon has broadened its Automated Event Response (AER) platform to cover U.S. severe convective storms (SCS), adding daily loss modeling and real‑time analytics. The move follows 2025 data showing SCS generated $52 billion in U.S. insured losses, the highest‑cost peril of...
Cube, a fintech startup founded by former CFO Christina Ross, is redefining financial planning and analysis by layering automation onto existing spreadsheet workflows. The platform integrates with ERP, CRM and cloud data sources to provide real‑time visibility without requiring a...
Ohio’s Cleveland Browns have reshaped financing for their new domed stadium, committing at least $1.755 billion of private capital, which now represents roughly 67.5% of the $2.6 billion project. The state of Ohio is slated to contribute $600 million and the city of...
ITA Airways announced its first net profit for 2025, posting €209 million (≈$230 million) after a €436 million swing from the prior year. The carrier achieved the result while operating 11% fewer flights and carrying 8% fewer passengers, lifting its load factor to...
Meta has raised its El Paso AI data center budget from $1.5 billion to over $10 billion, targeting a one‑gigawatt power capacity and a 2028 launch. The expansion will boost permanent staff from roughly 100 to more than 300 and increase construction workers...
Dutch online home‑decor retailer Fonq, founded in 2003, announced bankruptcy after years of decline. The company once posted €66 million (≈ $71 million) in revenue in 2015 and was bought in 2016 by Ad Scheepbouwer, who hoped to expand sales to €200 million (≈ $214 million)....
Zelestra obtained a $600 million green credit facility led by Societe Generale and HSBC to develop two 440 MW solar projects in Texas. The financing is underpinned by long‑term power purchase agreements with Meta, giving the projects stable cash flows and underscoring the...
Millennium Management is reclaiming capital from Engineers Gate, ending a three‑year partnership. The two firms disagreed on liquidity terms, with Millennium valuing the allocation at $3.6 bn and Engineers Gate at $1.5 bn. The split will be completed by month‑end, reshaping Millennium’s...
The iShares Expanded Tech-Software Sector ETF (IGV) is down almost 25% year‑to‑date, reflecting a broad sell‑off in enterprise software stocks. Salesforce, the ETF’s largest holding, has launched a $50 billion share‑repurchase program and spent $20 billion of newly raised debt to buy...
ECB Vice President Luis de Guindos warned that the ongoing Middle East war could trigger systemic stress across financial markets, jeopardising investor sentiment in Europe. He cautioned that while spillovers to the euro‑area have so far been contained, the conflict...
Advent International is selling its hair‑care brand Olaplex to German conglomerate Henkel for $1.4 billion, ending Olaplex’s Nasdaq listing and Advent’s ownership. The deal values Olaplex at roughly $1.4 billion, reflecting its strong consumer base and premium pricing. Henkel will integrate Olaplex’s...
Unity reported preliminary Q1 2026 revenue of $505‑$508 million and adjusted EBITDA of $130‑$135 million, both above its own guidance. The company also announced it will sunset the ironSource ads network and pursue a divestiture of its Supersonic publishing arm, signaling a...
A wave of CFO appointments swept multiple industries this week, with Kieran Kelliher joining the Dallas Mavericks, Lee Quackenbush moving to indoor‑farming operator Cox Farms, and Brittany Cerwin promoted at Middleby. Nu Skin named Chelsea Lantz interim CFO, while Phyllis...
Salesforce announced a $25 billion share repurchase program, the largest buyback in the tech sector this year. The board authorized the program to be funded from existing cash resources, signaling confidence in the company's outlook and aiming to boost earnings per...
Lenders poured over $2.5 billion into Manhattan’s top‑tier office assets in February, with Brookfield and Olayan each securing $800 million refinancings and Vornado obtaining a $525 million loan. The deals featured higher‑interest rates near 5.9 percent but were backed by strong occupancy and fresh...
The private credit market, now over $1 trillion in size, is confronting significant liquidity strain. More than $100 billion of private credit funds are experiencing redemption limits, gating, or forced liquidity measures, indicating a real‑time unwind rather than a theoretical risk. The...
Wellhub, formerly Gympass, secured $85 million Series F financing in 2023, valuing the corporate wellness platform at $2.4 billion and earning unicorn status. The company now serves nearly 40,000 corporate clients and, after partnering with Anytime Fitness, operates the largest U.S. fitness network...
Finance teams can now feed a 3,000‑row CSV into Claude and receive a fully interactive profit‑and‑loss dashboard with hierarchical rows, drill‑down charts, and variance commentary—all without coding, design work, or a BI subscription. The single prompt generates a CFO‑grade report...
Freightos announced a global workforce reduction of up to 15%, affecting roughly 50‑60 roles, as part of a cost‑optimisation plan aimed at reaching adjusted EBITDA breakeven by the end of 2026. The company expects $1.3 million in restructuring expenses but anticipates...
Damen Shipyards Group closed 2025 with revenue climbing to $3.58 billion, up from $3.32 billion, and EBITDA rising roughly 10% to $204 million. Net profit reached $67 million, a modest increase from $64 million the prior year, while the order book now tops $11 billion, underpinning...
M&A basics nobody teaches you: – buy at 3–5x EBITDA – combine into platform – sell at 10–12x – personal capital: $0 the spread between those two multiples is the entire game
Inflection Point Acquisition Corp. VI priced a $220 million IPO and will begin trading on Nasdaq under the ticker IPFXU on March 27, 2026. The SPAC targets North American and European companies in disruptive growth sectors, leveraging the expertise of its senior management team....
CFOs are rethinking succession planning as automation erodes traditional entry‑level finance roles. They cite rotation programs, cross‑training, mentorship, and formal talent reviews to keep junior staff engaged and develop future leaders. Process documentation and AI‑enhanced decision‑making are used to preserve...
Sunway is showing IJM how to actually make money. A 387% return vs a 9% loss? This isn't just a merger; it's a rescue mission for your portfolio. Let’s break this down: 1. Sunway's 387% dominance. 2. IJM's wealth destruction. 3. The national champion play. 🧵👇🏼
Bitcoin ETFs have reversed almost ~$3 billion of the massive ~$9 Billion in outflows from 10/10 through the end of Feb. While they still have net outflows of over ~$6 billion since 10/10 -- we're almost flat on the year...
Brown‑Forman, represented by FGS Global, announced it is in merger discussions with French liquor giant Pernod Ricard. Both companies describe the potential deal as a merger of equals that would create a global spirits leader with a balanced geographic footprint. Pernod Ricard...
The best AI harness for finance will be invisible You won't see the model You'll see the outcome Faster settlements Better risk management Smarter capital allocation The tool disappears when it actually works
(PREMIUM) "Tactical Update: March 27, 2026 - The Life Alert Market" Friday portfolio adjustments... via The Lyons Share https://t.co/7xhU1hRpGV https://t.co/LC5NkFzCHY
Singapore’s Ministry of Trade and Industry and Temasek have appointed Fullerton Fund Management and 65 Equity Partners to manage the second tranche of the Anchor Fund, a S$1.5 billion ($1.1 billion) pool launched to anchor high‑quality listings. Fullerton will serve as a...
End manual month-end hell. Get real-time data with SAP Business One. Interested? Let's chat. Connect and let's talk how I can help you solve your problems. Schedule a meeting with me: https://t.co/ZsEwnG4p2n #SAPBusinessOne #ERP $SAP https://t.co/qoPJk5kyvw
5y SOFR swap spreads have been heavy lately and just narrowed below -35 bps. Tactically good level IMO esp with the possibility of reg relief soon https://t.co/fjvHI7HVCz
