Warburg Is Said in Talks to Sell Stake in SBI General Insurance
Warburg Pincus is in talks with Premji Invest and State Bank of India about selling them its stake of about 10% in SBI General Insurance Co., according to people familiar with the matter.
The firm is finalizing details of an agreement with Premji Invest — the family office of Wipro Ltd. founder Azim Premji — and State Bank of India, the people said, asking not to be identified because the talks are private. A transaction could value SBI General Insurance at as much as $4.5 billion, the people said.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
24 minutes ago
- Yahoo
Jim Cramer Calls Marvell's Recent Sell Rating 'Ridiculous'
Marvell Technology, Inc. (NASDAQ:MRVL) is one of the 11 stocks Jim Cramer put under the microscope recently. When a caller highlighted that the stock has received a Sell rating, Cramer commented: 'On Marvell Technology, they have a Sell?… That's just ridiculous. Marvell's an excellent company, and they won a lot of business for some of the hyperscalers. I don't know. That's crazy. Matt Murphy is doing a remarkable job. The stock is starting to act right… So, by the way, I'm leaving a twofer, is AMD. So I think… you're on the right track owning Marvell, and that brokerage firm should rethink their negativity.' An assembly line in a semiconductor factory, with workers at their stations. Marvell Technology (NASDAQ:MRVL) supplies semiconductor solutions for data infrastructure, with a focus on system-on-a-chip designs that incorporate analog, mixed-signal, and digital processing. The company provides Ethernet components, processors, custom semiconductors, interconnect and storage technologies, and high-speed data transfer devices. Hardman Johnston Large Cap Equity Strategy stated the following regarding Marvell Technology, Inc. (NASDAQ:MRVL) in its Q1 2025 investor letter: 'The portfolio's off-benchmark position in Marvell Technology, Inc. (NASDAQ:MRVL) contributed negatively with a return of -44.2%. Shares of Marvell came under pressure during the release and subsequent realization of the innovations of the DeepSeek's R1 model. DeepSeek is a Chinese AI competitor to ChatGPT and other large language models ('LLMs') that claimed to operate at significantly lower cost. This pressured the entire AI compute and networking supply chain, and, while impressive, we believe the immediate selloff was an overreaction. The compute requirements for reasoning models like R1 should drive greater hardware demand and lower cost, as more accessible AI models should drive up adoption. This pressure was exacerbated by Marvell's FY4Q results and FY1Q guidance that fell short of exuberant buyside expectations, as Amazon Web Services ramped its Trainium2 custom processor.' While we acknowledge the potential of MRVL as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: The Best and Worst Dow Stocks for the Next 12 Months and 10 Unstoppable Stocks That Could Double Your Money. Disclosure: None.
CNET
an hour ago
- CNET
This Is How Much Interest You'll Earn by Depositing $10,000 Into a CD Now
However much you have to deposit, a CD can help you grow your money you have some cash you can set aside for a while, a certificate of deposit can be a great way to grow it. Since your rate is locked in when you open a CD, your earnings will never change, even if rates drop after that. And with the Federal Reserve expected to cut interest rates as soon as July, now's the time to secure a great APY. Top CDs currently offer up to 4.50% APY -- more than three times the national average for some terms. How much can that net you? Here's a look at what you could earn with a $10,000 deposit (plus some lower amounts in case you don't have that much money to stash away). How much can you earn by depositing $10,000 into a CD? Here's how much you can earn if you deposit $10,000 into a six-month, one-year, three-year and five-year CD. We're calculating your return based on the highest APYs currently available for each CD term, based on the banks we track at CNET. Earnings for a $10,000 CD deposit Term Top APY Bank Interest earnings CD value at maturity 6 months 4.50% CommunityWide Federal Credit Union $222.52 $10,222.52 1 year 4.40% CommunityWide Federal Credit Union $440.00 $10,440.00 3 years 4.15% America First Credit Union $1,297.38 $11,297.38 5 years 4.25% America First Credit Union $2,313.47 $12,313.47 APYs as of June 26, 2025, based on the banks we track at CNET. Earnings are based on APYs and assume interest is compounded annually. The national average for a one-year CD is 1.62% APY, while the average one-year CD based on the banks we track at CNET is 3.98% APY. If you deposit $10,000 into a one-year CD that pays the national average of 1.62% APY, the value at maturity would be $10,162.00. If you deposit $10,000 into a one-year CD that earns 4.40% APY (the top APY from our list), it would be worth $10,440.00 at maturity. Don't have $10,000? No problem. Here's what you can earn with a smaller deposit You don't need to have $10,000 on hand to earn a competitive interest rate on your savings. Most of the CD accounts on our list don't have a minimum deposit required to lock in a high CD rate. Here's what you could earn with other deposit amounts: Earnings for smaller CD deposits Term Top APY $500 deposit $1,000 deposit $2,500 deposit $5,000 deposit 6 months 4.50% $11.13 $22.25 $55.63 $111.26 1 year 4.40% $22.00 $44.00 $110.00 $220.00 3 years 4.15% $64.87 $129.74 $324.35 $648.69 5 years 4.25% $115.67 $231.35 $578.37 $1,156.73 APYs as of June 26, 2025, based on the top APY available from the banks we track at CNET. Earnings assume interest is compounded annually. How CD interest is calculated When you open a CD, the APY represents the actual rate of return you'll earn on your deposit in one year. The APY reflects compounding interest, which means you aren't just earning interest on your initial deposit -- your interest also earns interest. Some banks compound interest daily, while others compound interest monthly, quarterly or semi-annually. The more often interest is compounded, the more money you'll earn. You can use a compound interest calculator to figure out how much your money can grow in a CD. We recommend using this calculator from the US Securities and Exchange Commission. Watch out One of the biggest trade-offs for most CDs is early withdrawal penalties. If you need to pull out your money early, most CDs charge you an early withdrawal penalty equal to a certain period's worth of interest. These penalties can eat into your interest earnings. If you'll need to access your money sooner, a high-yield savings account may be a better fit. Still growing your savings? A high-yield savings account can help CDs are a great option if you already have money saved that you won't need to touch for a set period. Most of us don't have a few thousand on hand that we can part with for a few years in exchange for a fixed interest rate. And that's OK. A high-yield savings account or money market account that earns a competitive APY is your best bet if you're still growing your emergency fund, working on your savings goals or want to withdraw your money as you need it. These accounts let you build your savings as you can, while still having access to your money if you need it. Contributing as little as $100 a month can help you work up to $1,200 in savings each year. If you can contribute more, say $250 a month, you could build an emergency fund of $3,000 in a year. And that's not counting the interest you'll earn on top of your savings. Although savings accounts have variable interest rates -- meaning they can rise and fall based on the economy and your bank's discretion -- experts expect savings rates will remain high all year. Right now, you can earn up to 5% APY with some online high-yield savings accounts. Growing a savings account takes time. Focus on what you can contribute and get into the habit of saving so it becomes a routine. You can also use automated savings tools, like round-ups and automatic transfers, to grow your savings a little faster without taking up your time. CNET Money editors are big fans of Ally Bank's automated savings features, but many online banks also offer helpful savings features.
Forbes
an hour ago
- Forbes
The Rise Of The Creator Economy As An Investable Asset
Focus on the camera and microphone used by a woman recording a video tutorial from home The creator economy is no longer a scrappy side hustle or a chaotic collection of one-person operations filming videos in basements. Today, it's a maturing industry drawing serious interest from private equity firms, investment banks and capital providers. At a panel at the annual creator event VidCon, in Los Angeles last week, a common theme emerged: the creator economy is growing up and investors are helping to professionalize it. Breaking Down Misconceptions Liz Zavoyskiy of MEP Capital, a firm that has deployed $100 million into video-first businesses since 2018, was unequivocal: "We really look at the creator economy the same way that we'd look at any other asset in the space." Despite lingering misconceptions that creator content is low-quality or volatile, Zavoyskiy emphasized that if you find the right types of content, it can be both high quality and highly investable. "YouTube has been monetizing since 2007. That means you have decades of data that can help you analyze opportunities." The Challenge of Educating New Investors Chris Erwin, whose firm RockWater advises on M&A in the space, highlighted how new entrants are struggling to keep up. "We're seeing hundreds of new strategic and financial buyers. These are companies that haven't done deals in the space. They don't know the business models. They need a lot of education. It's good for the space, but it is taxing," he said. He urged caution around the hype: "M&A is considered sexy and exciting, but it's usually not the best thing to do." Smart Capital for Smart Creators Alex Kaplan, founder of Breeze, provides fixed-cost funding to YouTube creators. His goal? Provide right-sized capital that creators can actually afford. "Creators have gotten a little bit smarter and a lot more sophisticated on what they look for," he said. "Before, they made it feel like a brand deal 'I just get money.' Now, they understand, 'No, you have to pay that money back. There's a fee.'" Kaplan emphasized the importance of aligning capital with a creator's actual needs. "It's not about the biggest check. It's about what makes sense for their growth plan," he noted. Breeze has focused on giving creators flexible funding terms, often tailored to the scale of their AdSense revenue. "We ask: how much can you afford and how will it help you grow? That's where our deal gets shaped." This shift is helping reduce risky over-leveraging and introduces a more sustainable approach to scaling creative businesses. As creators become more sophisticated, so too must the financial products that serve them. Kaplan envisions a future where capital providers support not just YouTube earnings but also multi-platform strategies, merchandising, memberships and more. Asset or Illusion? Investors Seek Substance Jay Kirsch of Oaklins DeSilva+Phillips brought a broader investment banker's view: "The barriers to entry for having a company in this space are essentially zero. It can look like you've got a great business, but there's no real asset there." This, he argued, has made some investors wary, especially those from larger private equity firms seeking scale and structure. What Investors Are Looking For To attract serious capital, creators and their partners need to think like business operators. Zavoyskiy shared her framework: look for multiple monetization streams, valuable back catalogs and predictable revenue decay. Key person risk is also critical; can the business survive if the creator takes a break? "We really try to keep things very simple," she said, emphasizing that complexity doesn't always mean quality. The maturing market has also forced dealmakers to reconsider their strategies. Erwin noted: "Know what buyers are looking for: growth, margins, IP, business model, strategy. How do you stack up against your peers? Know what the market valuations are. Are your business goals aligned with where the market precedents are at?" Kaplan added that the evolution of the capital environment has helped weed out bad actors. "There was a gorilla in the room that used to just write a blank check to crazy multiples that never made sense. That doesn't happen anymore. We've right-sized the deal. We know how to price risk better." Creators Becoming Founders This professionalization is also visible in creators themselves. Billy Parks, a venture partner at Slow Ventures, noted a shift from transactional brand relationships to deeper business building. He added, "When you look at creators doing $5 to $10 million in revenue with a million subscribers, a lot of agencies aren't even looking at them. The future is in identifying creators who can leverage their audience into scalable products." Creators are moving beyond influence to infrastructure. They are hiring teams, building operations and making decisions based on cash flow and ROI. Many are modeling themselves after tech startups: data-driven, process-oriented and structured to scale. As Parks pointed out, "They're not just creators anymore; they're CEOs." This shift is prompting agencies and management companies to evolve as well. Traditional talent managers are now becoming investors, consultants and co-founders. The new standard is long-term alignment, not just deal facilitation. What's Next: Consolidation and New Revenue Models Looking forward, the panelists predicted more consolidation and continued growth in professional services around creators. Zavoyskiy expects more YouTube channel aggregators to emerge, while Erwin is enthusiastic about new revenue streams like educational content services. Creators are also tapping into underserved verticals. For example, businesses helping creators monetize through courses, digital products, or fan memberships are gaining traction. As Erwin described, "We're working with a client who turns Kajabi creators making $50,000 a year into million-dollar businesses through smart funnels and professional marketing." The capital stack is expanding too. Beyond VC and ad revenue, creators are exploring revenue-based financing, private equity, and even private credit. These new instruments reflect the maturing economics of digital creativity and offer more tailored, flexible solutions than traditional funding. With traditional M&A slowing and public markets hard to access, the next wave of growth will likely be driven by smart partnerships, strategic consolidations, and a relentless focus on profitability. In my view, M&A activity in the creator economy is poised to increase. Market conditions, evolving investor sophistication, and the sheer volume of scalable creator-led businesses all point to a growing wave of deal-making. For creators who've built something significant but are unsure how to grow further, or who are simply ready for a change, now may be a smart time to explore a sale. Remaining Challenges in Valuation and Scaling But there are still challenges. Kirsch pointed out that valuation remains a puzzle: "It's hard to value companies in this space. There's not a ton of history of public multiples." Still, there is optimism. As Kaplan summarized, 'The reality is that over time, you should see more capital flowing to creators. Everyone getting smarter on the access to capital, how they can grow their business, what the use cases are, that will open the door for more opportunities.' In short, the creator economy is graduating. The capital is more sophisticated, the stakeholders are more educated and the businesses are becoming more resilient. What was once a digital Wild West is now a structured, data-driven frontier attracting a new class of capitalists. The creator economy's next chapter is being written by those bold enough to invest in its future and I'm proud to be one of them.
