India’s listed new-age ecosystem is projected to reach USD 1 trillion market capitalisation by 2030, driven by a robust pipeline of companies preparing to tap public markets, according to a report released by strategy consulting firm Redseer on Thursday.

The report, Redseer India IPO Report: 2026, said the country currently has around 210 new-age companies that are IPO-ready over the next 24 months, identified through an assessment of 1,400 firms.

Based on an analysis of more than 300 mainboard IPOs between FY21 and FY26, the report said India’s listed new-age companies currently account for around USD 150 billion in market capitalisation, or about 4.6 per cent of the country’s total market value.

This share could expand to nearly 11.5 per cent by 2030 under Redseer’s base-case scenario.

The report noted that India’s IPO market has grown nearly eightfold in terms of proceeds over the past decade, making it the only major capital market to sustain uninterrupted growth in primary issuances. India now ranks third globally in IPO proceeds.

According to the report, the country’s IPO market has also become more resilient due to rising participation by domestic institutional investors, including mutual funds, insurers and pension funds, supported by sustained systematic investment plan (SIP) inflows.
This has reduced the market’s dependence on foreign capital during periods of global volatility.The report further said investor preference has shifted towards companies demonstrating profitable growth.

Among new-age firms that went public between FY22 and FY26, the proportion of companies reporting profits after tax (PAT) at the time of listing increased from 50 per cent to 70 per cent, while median pre-IPO revenue growth moderated from 50 per cent to 33 per cent.

“India’s IPO story has become far more interesting than the number of companies coming to market every year. Over the last decade, the market has developed greater depth, businesses have become more resilient and domestic pools of capital have grown substantially,” Redseer Partner Rohan Agarwal said.

Associate Partner Abhishek Tandon said an IPO reflects years of business-building, with governance, financial discipline and valuation converging at the time of listing.

Investors who have pledged to back women are outperforming the wider market for the sixth year in a row, according to new government commissioned research that suggests the rest of the investment industry is leaving growth on the table.

The findings, published yesterday in the Investing in Women Code annual report, show that signatories of the Code have once again directed a greater share of funding to female-led businesses than the market as a whole.

For SME owners, the message is hard to ignore. Women-founded companies continue to perform strongly and show clear growth potential, yet they still face outsized barriers to investment and scale. Business Matters has previously reported that female founders receive less than two per cent of all venture capital deployed in the UK, a figure that has barely moved in a decade.

Blair McDougall, Minister for Small Business and Economic Transformation, said: “For the sixth year in a row, Investing in Women Code signatories have outperformed the wider market, showing that backing female founders is good for business and good for growth.”

“Yet women-led businesses still face greater barriers to funding and growth. That is why the Code matters – helping more women start, scale, and succeed, while unlocking talent, creating jobs and strengthening the UK economy.”

The research also underlines the value of targeted programmes that help women start and grow businesses, particularly in regions where female entrepreneurship remains underdeveloped. Strengthening these initiatives, the report argues, would boost innovation, job creation and regional productivity.

The pressure on founders is real. A recent study found that a quarter of female business owners have taken second jobs to keep their ventures afloat as economic conditions bite, even as two-thirds expect revenues to rise over the next year.

Sheila Flavell CBE, chief operating officer of FDM Group, said: “The lack of diversity across industries including technology continues to be a significant barrier to growth. Research showing the clear economic benefits of female-led businesses highlights an issue we must address. While some progress is being made to encourage women through returners schemes and more equitable pay, barriers such as unconscious bias still exist.”

“Upskilling must be at the heart of this effort. From early education through to reskilling and career progression, there should be clear, supported pathways into technical and leadership roles. Businesses and government must work together to invest in training that equips women with in-demand digital and AI capabilities, to unlock the full potential of the UK workforce.”

Money is starting to follow the rhetoric. The Invest in Women Taskforce, which launched with more than £250 million in commitments from Barclays, M&G and others, has now deployed more than £70 million from its £635 million funding pool in its first year.

That sits alongside the British Business Bank’s £400 million Investor Pathways Capital initiative, designed to support emerging fund managers and widen access to investment opportunities.

For female founders weighing up a raise, the practical takeaway is to look first at lenders and investors who have signed the Code. Six years of data suggest they are measurably more likely to say yes.

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American fitness and “looksmaxxing” influencer Connor Murphy has died at age 32 following what authorities describe as an apparent drowning incident in Samut Prakan, Thailand. The death has generated significant international media attention, with major outlets including CBS News, Fox News, NDTV, and CBC covering the story extensively. Murphy, who was born in Austin, Texas, had built a substantial online following through his fitness content and promotion of the controversial “looksmaxxing” trend—a movement focused on maximizing physical attractiveness through various techniques and lifestyle changes.

Circumstances Surrounding the Death

According to multiple news reports, Murphy’s death occurred under unusual and troubling circumstances. Several sources indicate he was reportedly fleeing from police at the time he entered the water, with some reports suggesting he had been exhibiting erratic behavior in the hours leading up to the incident. The influencer allegedly jumped into a lake in an apparent attempt to evade law enforcement officers, according to reports cited by the New York Post and other outlets.

Police Investigation Findings

Adding another layer of complexity to the case, authorities reportedly discovered disturbing items within Murphy’s Thailand apartment following his death, as reported by The Tab. While specific details of these findings have not been fully disclosed in initial reporting, this discovery has prompted further scrutiny into the events preceding his drowning. Police in Thailand are said to be awaiting toxicology test results, which could provide critical insight into whether substances played a role in his behavior and subsequent death, according to Fox News reporting.

The Times of India has also highlighted that Murphy’s final hours are now under intense spotlight, with investigators piecing together his movements and mental state before he entered the water. The combination of erratic behavior, evasion of police, and concerning items found in his residence has fueled speculation, though authorities have not yet released an official cause or definitive narrative explaining the full sequence of events.

Reaction from the Online Community

Murphy’s death has resonated deeply within the “looksmaxxing” community, an online subculture that gained prominence through social media platforms, particularly among young men focused on optimizing facial and physical aesthetics. According to Nine.com.au, looksmaxxers are mourning the loss of one of the movement’s more visible figures, with tributes and discussions circulating across forums and social media platforms dedicated to the trend.

The influencer’s sudden and mysterious death has sparked broader conversations about the pressures associated with online fitness and appearance-based content creation, as well as questions about mental health within communities that place heavy emphasis on physical transformation and self-optimization.

Broader Context of Thailand Coverage

Murphy’s death comes amid a wave of diverse news coverage relating to Thailand, ranging from economic developments to tourism updates. Thailand has recently been in headlines for unrelated matters, including significant foreign investment announcements—Nestlé’s planned $688 million investment in an AI-powered smart factory in Samut Prakan, the same region where Murphy’s death occurred, as detailed in a Thailand Business News report on Nestlé’s Thailand expansion.

Additionally, Thailand has seen notable economic news with its 50 richest individuals seeing combined wealth grow by 10% to $187 billion, driven by a stock market rally, alongside government efforts to boost investment proportion in GDP to 30%. These developments paint a picture of a nation simultaneously navigating high-profile economic growth stories and the kind of sensational, tragic incidents that capture international media attention, such as Murphy’s death.

Ongoing Investigation and Unanswered Questions

As of the latest reports, Thai authorities have not issued a final, comprehensive statement detailing the complete circumstances of Murphy’s death. Key unresolved questions include the exact nature of his interaction with police prior to entering the water, the significance of items discovered in his apartment, and whether toxicology results will reveal substance involvement that may have contributed to his erratic behavior.

The case has drawn comparisons to other high-profile deaths of social media personalities abroad, raising questions about accountability, mental health support, and the pressures faced by influencers who cultivate large online followings around physical appearance and lifestyle content. Given the level of media interest across outlets ranging from TMZ to CBS News, further details are expected to emerge as Thai police complete their investigation.

What Comes Next

Family members, followers, and members of the broader fitness and looksmaxxing communities are likely awaiting official confirmation of toxicology results and a clearer timeline of events. Until Thai authorities release additional findings, much of the narrative surrounding Murphy’s death remains based on preliminary reports and eyewitness accounts rather than confirmed official statements.

The incident underscores the unpredictable risks associated with international travel, particularly for public figures whose actions are subject to heightened scrutiny both by local authorities and global media. As investigators continue their work, Murphy’s death serves as a somber reminder of the human stories behind the influencer economy, even as Thailand continues to make headlines for its economic resilience and growing investment appeal.

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Lady Eliza Spencer, niece of Diana, Princess of Wales, has entered the fiercely competitive drinks trade with Lala V Rosé, a Provençal wine launched exclusively at Hackstons’ flagship store in Knightsbridge. For premium brand builders, the launch is a textbook exercise in scarcity.

Rather than chasing supermarket listings or a splashy nationwide rollout, Lady Spencer has tied her debut wine to a single retail partner. Hackstons, the luxury drinks retailer and whisky cask specialist, will be the only place to buy it.

Speaking at the launch, Lady Spencer said: “I’m so excited to see Lala V stocked exclusively at Hackstons. It means so much to partner with a destination that shares our passion for quality, craftsmanship and creating memorable experiences. I can’t wait for people to discover and enjoy Lala V there.”

Hackstons founder Alphie Valentine said: “Lady Eliza has created a truly exceptional rosé that perfectly reflects the elegance and quality both our brands represent. We’re delighted to exclusively launch Lala V at Hackstons and look forward to introducing our customers to a wine that celebrates the very best of Provence, craftsmanship and modern luxury.”

The playbook will be familiar to anyone who has studied the luxury business model and how high-end brands are built: restrict supply, anchor the product to a story, and let exclusivity do the marketing. The name itself is the story here, combining Lala, Lady Eliza’s childhood nickname, with Vie, the French word for life.

The wine is pale pink with salmon-hued reflections, opening with aromas of ripe peach and subtle citrus and finishing, in the brand’s words, with a refined softness that lingers elegantly. It is pitched at both intimate occasions and grand celebrations.

There is a commercial logic beyond romance. Wine remains serious money in Britain, with duty on wine, other fermented products and cider delivering some £4.9 billion to the Treasury in the last financial year, according to HMRC’s Alcohol Bulletin. Capturing the premium end of that market, where margins survive, is precisely where a famous name and a single prestigious stockist earn their keep.

The launch also lands in a drinks sector busy reinventing how brands come to market. While James Watt is attempting a community-funded brewing comeback built on canned beer and crowd loyalty, Lala V is going the other way: one wine, one store, one postcode.

That postcode carries its own lessons. Knightsbridge has had a bruising year at the top end, and the closure of Harrods Estates after 130 years showed that a storied name alone no longer guarantees custom. There is a wry footnote for Spencer watchers: Countess Raine Spencer, Diana’s stepmother, once served as a director of that very agency.

Lala V is hedging accordingly. Alongside the Knightsbridge exclusive, customers can join a mailing list offering priority access to new vintage releases, limited allocations and invitations to private events, a direct-to-consumer funnel that keeps the brand in control of its own demand.

For SME founders, the lesson is worth bottling. You do not need to be everywhere at launch. Sometimes the smartest route to market is the narrowest one.

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Some hedge fund managers have in recent weeks posted their worst trading results in almost a year, as many got caught in crowded trades amid highly volatile markets, according to Goldman Sachs.

Goldman said in a note dated Wednesday that systematic managers – sometimes called quant funds – that use algorithms to trade market ‌trends, have ⁠given back ⁠a quarter of their year-to-date returns. Returns for this group of traders are now up 10.8% ​for the year, down from a return of 14.4% on June 22.

Losses came ​from bets against some of the biggest and most crowded parts of the market right now – U.S. equities, Asian developed-market stocks and, to a lesser extent, ​Europe, the note said.

Huge volatility in shares of ⁠chipmakers had made ‌for a tricky trading environment anyway in late June ​and into ​early July. But hefty levels of leverage among retail investors ⁠in Korean markets in particular amplified a lot of the ​share-price moves.

Quant funds made up roughly 10% of the largest hedge funds in 2025, according to data from S&P Global.

Regulators, including those at the Bank of England, the Bank of Japan and the Bank for International Settlements, have been warning for some time about lofty valuations, particularly in the tech sector where shares in companies like Micron Technology , Intel or ‌Marvell Technology have risen by around 200% in 2026 alone.
And they’ve voiced concern over how the growing role hedge funds play ​in financial markets ​adds to volatility ⁠and risk.Goldman said fundamental managers, or stockpicking funds, were down 2.2% in the same period, having been caught up in crowded tech sector trades. But this group, ​it said, was still up 15.5% this year.

These stockpickers have “aggressively” fled trades related to AI, most of which had previously driven winning trading positions, Goldman said.

This mass exit has brought hedge fund leverage to its lowest levels of the last year, a sign of the scale of their trading activity.

The Nasdaq ​ended sharply higher on Thursday, as Micron Technology fueled a rally in chip stocks that eclipsed fears that renewed U.S. and Iranian attacks might prolong the Middle East conflict and fuel inflation.

Tehran said it hit U.S. military targets in Kuwait, ‌Qatar and Bahrain following ⁠U.S. ⁠strikes against Iran on Wednesday. The PHLX chip index surged for a second straight positive session.

Micron Technology jumped after the companylaid out plans ​to invest more than $250 billion in the U.S. through 2035, to benefit from demand for memory chips to supply ​the boom in artificial intelligence.

Applied Materials and Sandisk also surged.

AI-related stocks have been volatile lately as investors worried about the sustainability of a rally that has helped Wall Street reach record levels in 2026.

“This ​is still very much an AI bull market. For a bit, ⁠it was starting ‌to broaden out, but that’s contingent on oil prices and interest rates staying ​anchored, and with ​this flare-up in the Middle East, that calls that part of the bull ⁠market into question,” said Ross Mayfield, investment strategy analyst at Baird in ​Louisville, Kentucky.
Meta Platforms rose after Reuters reported that the company plans to manufacture ​AI chips starting in September.According to preliminary data, the S&P 500 gained 59.12 points, or 0.79%, to end at 7,541.83 points, while the Nasdaq Composite gained 328.11 points, or 1.27%, to 26,198.76. The Dow Jones Industrial Average rose 133.31 points, or 0.25%, to 52,481.70.

With quarterly reporting season set to get under way, analysts on average expect S&P 500 earnings to increase 24% year-over-year, with technology companies accounting for much ‌of that increase, according to LSEG I/B/E/S.

The S&P 500 is trading at about 20 times expected earnings, down from 21 a month ago.

The number of Americans filing claims ​for unemployment benefits ​fell last week, suggesting the ⁠labor market remained stable despite a slowdown in job growth in June.

The Federal Reserve kept interest rates unchanged at its June meeting, under new Chair Kevin Warsh, but minutes released on Wednesday showed a few ​policymakers saw a case for raising borrowing costs before ultimately agreeing to hold steady.

Traders are pricing in a likely 25-basis-point rate hike by the Fed’s December meeting, according to CME’s FedWatch tool. PepsiCo fell despite the snacks and soda giant beating second-quarter revenue estimates.

Costco Wholesale’s shares sank to a six-month low after the retailer reported decelerating comparable sales for June.

SHREVEPORT-BOSSIER CITY, La. — Major League Fishing has announced that Caddo Lake and Cross Lake will host a stop on the 2027 Bass Pro Tour, marking the first time the world’s largest tournament-fishing organization has brought its premier professional bass fishing circuit to either lake.

The Shreveport-Bossier region will host Stage 2 of the nine-season 2027 Bass Pro Tour from February 25 through February 28, with the tournament hosted by the Shreveport-Bossier Sports Commission. The event will bring 50 of the top professional bass anglers in the world to the twin lakes, with competitors vying for Fishing Angler of the Year points, some of the sport’s largest payouts, and qualification into REDCREST 2028, MLF’s most prestigious championship event.

Under the tournament’s structure, the field of 50 anglers will compete in a full Qualifying Round across the event’s first two days, held at Caddo Lake, before the competition narrows for the Knockout and Championship rounds on days three and four, which will take place at Cross Lake. The event will use MLF’s signature catch-weigh-release format, with real-time scoring delivered through the organization’s SCORETRACKER leaderboard system and live coverage available to fans throughout each day of competition.

Sara Nelms, director of sports for the Shreveport-Bossier Sports Commission, welcomed the announcement as a significant addition to the region’s sports tourism calendar. “We’re excited to welcome the Bass Pro Tour to Shreveport-Bossier and continue our partnership with Major League Fishing,” Nelms said. She added that the region’s natural resources made it a fitting host for the event, saying, “Our region offers world-class fisheries, passionate fans, and a community that embraces outdoor recreation. Events like the Bass Pro Tour not only showcase the incredible natural resources that make North Louisiana a true Sportsman’s Paradise but also create meaningful economic impact for local businesses while introducing anglers and their families to everything our destination has to offer.”

Daniel Fennel, MLF’s senior director of tournament operations for the Bass Pro Tour, described the broader 2027 schedule as reflecting the core identity of the tour. “The 2027 Bass Pro Tour schedule is exactly what this league is built for – great fisheries, passionate host communities and the best anglers in the world competing in a format that showcases every decision they make on the water,” Fennel said. He specifically highlighted the Louisiana stop as part of a broader slate of venues, adding, “From historic venues like the St. Johns River, Toledo Bend and Lake Champlain to exciting stops like the Pasquotank River and our dual-lake event in Louisiana, this schedule will give our anglers a tremendous test and give fans a season full of storylines to follow, from start to finish.”

While the Bass Pro Tour has visited other Louisiana fisheries in previous seasons, including Caney Creek, Lake D’Arbonne and Bussey Brake, the February 2027 event will represent the circuit’s debut at both Caddo Lake and Cross Lake specifically. The tournament will launch from Earl G. Williamson Park on Caddo Lake for the opening qualifying rounds, before shifting to the American Legion Landing on Cross Lake for the tournament’s concluding knockout and championship rounds.

The Louisiana stop is part of a broader nine-season 2027 Bass Pro Tour schedule that MLF unveiled this week, marking the ninth season of the circuit overall. The season is set to open January 14 through 17 at the St. Johns River in Palatka, Florida, before moving through a series of stops across Louisiana, Tennessee, Texas, New York, Kentucky and North Carolina. Following the Shreveport-Bossier stop, the tour is scheduled to visit Norris Lake in Campbell County, Tennessee, from March 11 through 14, marking that fishery’s own first-ever appearance on the Bass Pro Tour schedule. The circuit will then head to Toledo Bend Reservoir in Hemphill, Texas, from April 1 through 4, before REDCREST 2027, the tour’s championship event, is held April 16 through 18 at Logan Martin Lake near Birmingham, Alabama.

The remainder of the 2027 regular season includes stops at Lake Champlain in Plattsburgh, New York, from April 29 through May 2; the Kubota Heavy Hitters all-star event on Kentucky and Barkley lakes in Calvert City, Kentucky, from May 22 through 27; Pickwick Lake in Counce, Tennessee, from June 24 through 27; and the Pasquotank River in Elizabeth City, North Carolina, from August 5 through 8, closing out the regular-season schedule.

Major League Fishing has been an active presence in the broader northwest Louisiana region in recent years beyond the newly announced 2027 stop. The organization held its Fishing Clash Series Summit Cup in the area in November 2025, featuring two-angler teams competing across Caddo Lake, Cypress Lake and Cross Lake. That event included participation from regional anglers such as Nick LeBrun of Benton, Louisiana, and Todd Faircloth of Jasper, Texas, both of whom are expected to be part of the broader pool of touring professionals eligible to compete in the 2027 Bass Pro Tour stop as well. Other regional anglers with ties to the area, including Justin Cooper of Zwolle, Louisiana, and Marshall Hughes of Hemphill, Texas, have also competed in past MLF events held throughout the Arklatex region.

Headquartered in Benton, Kentucky, Major League Fishing produces more than 250 tournaments annually across some of the country’s most prestigious fisheries and broadcasts its events across multiple television and digital platforms, including CBS, Discovery, the Outdoor Channel and its own MLFNOW! streaming service, available through the MLF app, MyOutdoorTV, Rumble and MajorLeagueFishing.com. The organization’s Bass Pro Tour is supported by a broad roster of sponsors, including Bass Pro Shops, Berkley, Mercury, Toyota, Ranger Boats and Rapala, among others.

With the February 2027 tournament still more than a year and a half away, local officials in Shreveport and Bossier City have pointed to the event as a significant opportunity to showcase the region’s fishing infrastructure to a national audience, while giving local anglers and fishing enthusiasts a rare chance to see the sport’s top competitors testing two of the area’s signature lakes for the first time on professional fishing’s biggest stage.

Kia is issuing a new recall of more than 460,000 vehicles over a fire risk after an earlier recall affecting the same vehicles failed to resolve the problem, according to federal regulators.

The recall affects 462,869 Kia Telluride vehicles from the model years 2020-2024, the National Highway Traffic Safety Administration announced Thursday.

Owners are instructed to park outside and away from other cars and buildings due to a risk of fire while driving or parked.

HONDA RECALLING MORE THAN 325,000 VEHICLES OVER POTENTIAL CRASH RISK

The same vehicles were previously recalled in 2024 for the same issue.

If the front power seat slide cover or knob is hit or accidentally struck, the switch can be dislodged, misaligned or damaged, making the seat motor continue to run and causing overheating.

An improper repair under the previous recall also may lead to the motor overheating and catching fire.

Seven seat fires and 11 cases of seat motors melting have been reported.

FORD RECALLS MORE THAN 110,000 MUSTANG VEHICLES OVER WINDSHIELD WIPER, DRIVETRAIN DEFECTS

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Owner notification letters will be sent out Aug. 13.

Owners can then take their vehicles to a Kia dealer, where an electronic fuse assembly will be installed to prevent continuous operation of the seat motor if the seat switch becomes dislodged, internally misaligned or otherwise damaged.