Magnum Ice Cream acquires 61 9% stake in Kwality Wall’s

Currently, IHC holds a 26.9 percent stake in the financial company, and the transaction will be executed in multiple stages in accordance with applicable Indian regulations, IHC said in a disclosure on the Abu Dhabi Securities Exchange, where it is listed. These entities purchased more than 29.42 crore shares or a 6.3 per cent stake in VMM at an average price of ₹117 per share, taking the aggregate value to ₹3,443.17 crore. According to the bulk deal data on the National Stock Exchange (NSE), Samayat Services LLP sold a total of 65.25 crore equity shares in two tranches, representing a 13.96 per cent stake, in Gurugram-based Vishal Mega Mart.

IHC, a global investment company focused on building dynamic value networks, today announced that it has successfully acquired a 70% stake in Peko Holdings Limited, a technology-driven company delivering an integrated digital platform designed to simplify and automate core business operations. The company will also become part of stake app IHC’s newly formed financial services investment platform, Judan Financial, supporting the group’s broader growth ambitions in the sector. Gagan Banga, CEO and Managing Director of Sammaan Capital, said the partnership marks a new phase for the company, bringing capital strength and long-term alignment to support future growth, expand its reach, and continue delivering value to customers and stakeholders.

Long term capitalappreciation

• The deal marks a significant milestone in IHC’s expansion into India, one of the world’s fastest-growing major economies, where non-banking financial companies continue to play a critical role in bridging the gap between traditional banking services and rising credit demand.
• The Embassy of India in Kuwait expressed its condolences and was closely coordinating with the Kuwaiti authorities to render all possible support and assistance.
• We see strong potential for Peko to scale regionally and globally, particularly as AI becomes increasingly embedded in enterprise operations.”
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Tuesday morning became extra special for actor Huma Qureshi as she woke up to a surprise shout-out from acclaimed global filmmaker Zack Snyder. Iranian forces have since attacked US assets and civilian infrastructure in Gulf countries, causing casualties and damage to infrastructure. The Embassy of India in Kuwait expressed its condolences and was closely coordinating with the Kuwaiti authorities to render all possible support and assistance.

Bangladesh considers partial online classes to curb energy use amid fuel crisis

Sammaan Capital added that the partnership with IHC will support its long-term growth ambitions and strengthen its position among well-capitalised financial institutions in the country. In a stock exchange filing, the company said IHC, through its affiliate Avenir Investment RSC Limited, will become the promoter of Sammaan Capital by acquiring a 41.5 per cent stake via a preferential allotment of equity shares and warrants. The broad product portfolio not only underscores AMD’s leading role in the high-end processor space but also demonstrates how the company purposefully supports professional users and developers. Since its founding in 1969, AMD has grown from a small semiconductor player in Silicon Valley into a global technology company that continuously expands the boundaries of what is possible in computing. With the EPYC 9005 series, AMD delivers outstanding performance for cloud, enterprise, and AI workloads.

Through its modular, platform-as-a-service model, Peko addresses the growing demand among SMEs and mid-market companies for seamless, automated infrastructure that replaces fragmented legacy systems. Samayat Services LLP, one of the promoter entities of supermarket chain Vishal Mega Mart, on Friday divested nearly a 14 per cent stake in the company for ₹7,635 crore through open market transactions. The end of support for Windows 10 on October 14, 2025, highlights the urgency of migrating IT infrastructures to modern, high-performance systems. The AI Hub will serve as a “gateway” for AI adoption built on multiple pillars, including talent, global relationships, and through existing infrastructure The AI Hub will also bridge the gap between innovation and implementation by offering integrated services, including AI consulting, applied research and development, data analytics, prototyping, and advanced computing infrastructure.

According to the exchange filing, upon completion of an open offer (announced at ₹139 per fully paid equity share), and assuming full uptake in the open offer, IHC, through Avenir will hold 63.3 per cent stake in Sammaan Capital. Sammaan Capital has already received an initial tranche of ₹5,652 crore, equivalent to about $600 million, towards the allotment. Stake is authorised to offer Shariah compliant investments. All investments through Stake carry risk and are not guaranteed. Stake platform consists of the website (Stake ) and mobile app. Past performance is not a reliable indicator of future results.

The platform enables efficient management of activities including bill payments, payroll, business travel, invoicing, corporate cards, compliance services, and a wide range of operational workflows. The investment is expected to strengthen Sammaan Capital’s balance sheet, support its next phase of growth, and enhance its ability to deliver innovative lending solutions across underserved segments. Syed Basar Shueb, CEO of IHC, said the acquisition represents an important step in the group’s long-term strategy to grow its presence in India’s financial services sector, highlighting opportunities to enhance capabilities, including through the adoption of artificial intelligence. The deal marks a significant milestone in IHC’s expansion into India, one of the world’s fastest-growing major economies, where non-banking financial companies continue to play a critical role in bridging the gap between traditional banking services and rising credit demand.

“The reality of the physical market disruption is really hard to ignore,” said Ben Cahill, director for energy markets and policy at the University of Texas at Austin. The war involving Iran is entering a far more dangerous phase for the global economy, with energy markets now bracing for a potential strike on Kharg Island — Tehran’s main oil export hub — that analysts warn could trigger a full-scale supply shock within weeks if the conflict intensifies further. The nation of 175 million people relies on imports for about 95% of its energy needs and is scrambling to secure supplies as state-run agencies turn to volatile global markets. With IHC’s scale, long-term perspective, and strategic support, we are well positioned to accelerate innovation, expand into new markets, and deliver greater value to SMEs worldwide.” The acquisition aligns with IHC’s strategy of investing in category-defining platforms with strong governance, clear paths to scale, and the ability to generate long-term, sustainable value across global markets.

Spare global production capacity — estimated at only 3 to 4 million barrels per day — is far too limited to offset a prolonged disruption at Hormuz. Energy economists say the current crisis differs from previous oil shocks because it is being driven less by production shortages and more by transport bottlenecks at one of the world’s most critical energy chokepoints. Any attempt to disable or seize the island could sharply tighten global supply and send prices surging almost immediately.

“We think companies are talent, people at universities are talent, and also those from outside the UAE,” he said. Al Mahmoudi said the concept of talent within the ecosystem goes beyond individuals, extending to institutions and companies both within and outside the UAE. A total of 49 volunteers from the ‘Your Neighbourhood Officer’ initiative were deployed across 77 locations, working alongside response teams in areas including Al Qusais, Bur Dubai, Al Muraqqabat, Al Barsha and Al Rashidiya. Meanwhile in Dubai, Dubai Police volunteers stepped in to support residents across neighbourhoods during the recent heavy rains, returning 279 lost vehicle number plates and helping recover 30 stranded cars from flooded areas. The initiative helps them get replacement vehicle license plates lost during the weather conditions, with delivery directly to their homes without the need to visit service centers. But with troop deployments rising, tanker traffic constrained and one of the world’s most critical export hubs now in the strategic crosshairs, analysts warn the coming weeks may determine whether the current disruption remains contained — or evolves into the most serious global oil shock in more than a decade.