ET Alpha Wealth Summit 2.0: What do Shah Rukh Khan and SIFs have in common? Radhika Gupta explains

Reliance Retail and 7-Eleven are ending their five-year franchise partnership in India, with most of their nearly 60 stores set to shut after failing to achieve profitability, people familiar with the matter said. The exit underscores the growing challenge for organised convenience retail from kiranas and rapidly expanding quick-commerce platforms.

Multiples Alternate Asset Management is moving into the industrial and precision manufacturing sectors for the first time, targeting family-owned businesses. The PE firm is investing via its $885 million Fund IV as it also shows keen interest in the technology and AI areas.

Japanese government bond yields rose at the short end of the curve, with the 2-year yield reaching its highest level in more than three decades as investors raised bets on a Bank of Japan rate hike. Longer-dated JGB yields declined as lower oil prices eased inflation concerns.