Business
Elevation Capital sells Rs 964 crore Paytm Shares via block deals
Societe Generale, Marshall Wace Investment Strategies and Morgan Stanley Asia were among the major participants in these block deals.
Over the past nearly two years, Elevation Capital and AntFin — the financial affiliate of Alibaba Group, have emerged among the biggest sellers in Paytm through block deals.
According to BSE data, around 8.5 million shares changed hands on May 22, with Saif III Mauritius selling around 5.6 million shares and the others being multiple different funds of Saif Partners.
Historical data suggest that Ant Financial has also sold 85.3 million shares across multiple tranches and bulk deals.
The Noida-headquartered company has seen several early investors liquidate their holdings. Paytm has also been encouraging Chinese investor Ant Financial to pare its stake in the firm.
Paytm closed FY26 with a net profit of ₹556 crore — its first-ever full-year profit — and reported operating revenue of ₹8,437 crore, up 22% from ₹6,900 crore a year earlier.
In April 2026, Paytm became an Indian-owned and controlled company after domestic investors raised their collective stake to around 50%. The fintech company currently trades at a market capitalisation of ₹71,220 crore ($7.4 billion).
(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)
Business
Shares jump, oil skids in Asia on news of Gulf deal

Shares jump, oil skids in Asia on news of Gulf deal
Business
Barron Trump-linked beverage brand launches Florida-inspired drink
PepsiCo CEO Ramon Laguarta discusses how the food and beverage giant is seeing massive paybacks after slashing consumer prices on ‘The Claman Countdown.’
A beverage brand linked to Barron Trump has launched its first product, a Florida-inspired yerba mate drink.
SOLLOS Yerba Mate recently debuted a Pineapple + Coconut 12-pack priced at $39. The Palm Beach-based company, which says it was founded by “a group of close friends ages 19-23 who grew up living in South Florida,” is leaning into its Sunshine State roots, marketing SOLLOS as a drink for Florida’s outdoor lifestyle.
The company marks the latest business venture tied to Barron Trump, the youngest son of President Donald Trump and a student at New York University.
“The launch went very well,” Spencer Bernstein, co-founder of SOLLOS, told FOX Business. “Spending more than a year refining the formula and creating over 100 iterations to the recipe was absolutely worth it.”
BARRON TRUMP LINKED TO BEVERAGE COMPANY BASED NEAR MAR-A-LAGO

Filings submitted in January in Florida and Delaware show that Barron Trump is one of five directors of SOLLOS Yerba Mate Inc. (ANGELA WEISS / AFP via Getty Images)
Bernstein said early feedback has been strong, including from people who were initially skeptical.
“We’ve received very positive feedback about the taste of SOLLOS, even from people we expected to dislike it because of preconceived notions. We’ve proven that it’s a beverage everyone can enjoy,” he added.
Yerba mate – a caffeinated herbal tea popular in Brazil, Argentina, Uruguay and Paraguay – has gained traction in the U.S. as a coffee alternative.
“We believe yerba mate is the best source of caffeine because it is plant-based and provides a smooth, sustainable energy boost without the sharp spikes and crashes often associated with coffee and synthetic energy drinks. It’s also naturally rich in antioxidants,” Bernstein said.
BARRON TRUMP’S BEVERAGE BRAND UNVEILS FIRST FLAVORS AHEAD OF LAUNCH
A can and 12-pack box of SOLLOS Yerba Mate are displayed outdoors. The company recently debuted its Pineapple + Coconut flavor, which is sold online in 12-packs.
SOLLOS also recently reached another milestone, Bernstein said, earning USDA Organic certification.
“Most beverages on the shelf use stevia or artificial sweeteners like sucralose,” Bernstein said. “From the start, we’ve focused on using the highest-quality organic ingredients to make SOLLOS the great-tasting, functional beverage that it is.”
Filings submitted in January in Florida and Delaware show that Barron Trump is one of five directors of SOLLOS Yerba Mate Inc., headquartered just minutes from the Trump family’s Mar-a-Lago Club in Palm Beach.
The company said its products will be sold online and at select retail locations across South Florida. It is also selling branded merchandise, including a sweatshirt, shorts, beach bag and hat.

Tiffany Trump, Donald Trump Jr., Eric Trump, Ivanka Trump, Barron Trump, and first lady Melania Trump look on as U.S. President Donald Trump delivers his State of the Union address at the U.S. Capitol on Feb. 24, 2026, in Washington, DC. (Andrew Harnik/Getty Images / Getty Images)
SOLLOS was previously announced as a beverage brand designed to complement life in the “Sunshine State,” with branding centered on the sun.
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In July 2024, Barron Trump and two partners – including a former classmate – incorporated a real estate firm, Trump, Fulcher & Roxburgh Capital Inc., in Wyoming. The company was dissolved on Nov. 14, 2024, days after the presidential election.
Business
Oil slips over 4% after US, Iran reach peace deal, reopen Strait of Hormuz

Oil slips over 4% after US, Iran reach peace deal, reopen Strait of Hormuz
Business
Zymeworks reports phase 1 trial results for ovarian cancer drug

Zymeworks reports phase 1 trial results for ovarian cancer drug
Business
Power 500: The wealth of WA's most influential
The 2026 Power 500 cohort controls the vast majority of the state’s biggest fortunes and influences more than a trillion dollars’ worth of value on the stock exchange.
Business
US, Iran reach peace deal, signing set for Friday, Pakistan says

US, Iran reach peace deal, signing set for Friday, Pakistan says
Business
Crinetics presents phase 2 data for CAH treatment atumelnant

Crinetics presents phase 2 data for CAH treatment atumelnant
Business
S&P 500: Setting Up The Second Leg Lower (Technical Analysis)
S&P 500: Setting Up The Second Leg Lower (Technical Analysis)
Business
John Hancock Freedom 529 2029-2032 Portfolio Q1 2026 Commentary
A company of Manulife Investment Management, John Hancock Investment Management serves investors through a unique multimanager approach, complementing our extensive in-house capabilities with an unrivaled network of specialized asset managers, backed by some of the most rigorous investment oversight in the industry. The result is a diverse lineup of time-tested investments from a premier asset manager with a heritage of financial stewardship. Note: This account is not managed or monitored by John Hancock Investment Management, and any messages sent via Seeking Alpha will not receive a response. For inquiries or communication, please use John Hancock Investment Management’s official channels.
Business
Invesco Quality Income Fund Q1 2026 Commentary
Invesco is an independent investment management firm dedicated to delivering an investment experience that helps people get more out of life.Be the first to know! Sign up for Invesco US Blog and get expert investment views as they post.Disclosure for all Invesco US articles: Before investing, carefully read the prospectus and/or summary prospectus and carefully consider the investment objectives, risks, charges and expenses. The information provided is for educational purposes only and does not constitute a recommendation of the suitability of any investment strategy for a particular investor. Invesco does not provide tax advice. The tax information contained herein is general and is not exhaustive by nature. Federal and state tax laws are complex and constantly changing. Investors should always consult their own legal or tax professional for information concerning their individual situation. The opinions expressed are those of the authors, are based on current market conditions and are subject to change without notice. These opinions may differ from those of other Invesco investment professionals. NOT FDIC INSURED MAY LOSE VALUE NO BANK GUARANTEE All data provided by Invesco unless otherwise noted. Invesco Distributors, Inc. is the US distributor for Invesco Ltd.’s retail products and collective trust funds. Invesco Advisers, Inc. and other affiliated investment advisers mentioned provide investment advisory services and do not sell securities. Invesco Unit Investment Trusts are distributed by the sponsor, Invesco Capital Markets, Inc., and broker-dealers including Invesco Distributors, Inc. PowerShares® is a registered trademark of Invesco PowerShares Capital Management LLC (Invesco PowerShares). Each entity is an indirect, wholly owned subsidiary of Invesco Ltd. ©2015 Invesco Ltd. All rights reserved.
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