Goldman Sachs plans to acquire NEOS for up to $2.25 billion, a manager of income-focused ETFs with about $30 billion in assets. Three NEOS crypto-related funds had about $1.29 billion in net assets as of August 11 and use exchange-traded products and options rather than holding Bitcoin or Ether directly. A comparable BlackRock product was about $59.0 million, highlighting a wide gap in this niche. The deal is expected to close in the first quarter of 2027 and would lift Goldman’s active ETF assets to about $80 billion.

Pilani Investment sold 25 lakh shares of UltraTech Cement, or 0.84% of the company’s paid-up equity, in open market transactions on August 13 for Rs 2,896.25 crore at Rs 11,585 per share. A total of 17 domestic and global investors bought the shares, led by HDFC AMC with 12.94 lakh shares worth Rs 1,500 crore. ICICI Prudential Mutual Fund bought 3.45 lakh shares worth Rs 400 crore.

Meta said on its second-quarter earnings call that it has received offers from companies looking to rent its cloud software at a “meaningful premium” over what it paid to build the compute. The comments marked a rare acknowledgment that its AI infrastructure could be offered beyond serving Meta’s own apps. The company also guided 2026 capital expenditure at $130 billion to $145 billion and reported a sharp drop in free cash flow in the latest quarter amid spending on data centers, AI chips and smart-glasses development.

US core consumer prices rose 0.2% in July from the prior month and increased 2.5% from a year earlier, matching the slowest pace since March 2021. Headline CPI climbed 0.1% on the month and 3.4% year on year. Gasoline briefly moved back above $4 a gallon in July, but the month’s average remained below June while hotel and motel rates fell 3.3% and rent measures both rose 0.3%. The figures eased pressure on the Federal Reserve to keep tightening policy.

JSW Cement reported first-quarter net profit of 1.61 billion rupees, reversing a year-ago net loss of 13.56 billion rupees that included exceptional items. Revenue rose 21.6% year on year to 18.96 billion rupees, supported by stronger demand and price increases. India’s cement output grew 8.2% in April, 8.4% in May and 9.8% in June, while average prices rose about 4% quarter on quarter, below analysts’ expectations. Total expenses increased 26.5% to 17.93 billion rupees.

Godrej Industries reported consolidated net profit of Rs 284 crore for the quarter ended June 2026, down 18.7% year on year from Rs 350 crore. Revenue from operations rose 22.2% to Rs 5,448.1 crore. In its real estate business, the company sold 3,738 units totaling 6.2 million sq ft and added three projects with about 8 million sq ft of saleable area and a potential booking value of Rs 9,500 crore.

Goldman Sachs has agreed to acquire NEOS Investments in a cash-and-stock transaction valued at up to $2.25 billion. NEOS runs about $30 billion in assets and its $1.1 billion Bitcoin High Income ETF (BTCI) does not hold Bitcoin directly. The deal is expected to lift Goldman’s active ETF assets to roughly $80 billion and push its total ETF assets under supervision above $130 billion. Bitcoin was trading around $64,000 and testing resistance near $66,000 after a cooler-than-expected U.S. PPI reading.

Anthropic is in talks to acquire Nvidia-backed AI startup Decart for about $6 billion, Bloomberg reported. The deal could bring Anthropic technology designed to improve computing efficiency and lower inference costs as it prepares for a potential IPO. Decart raised $300 million in May in a round led by Radical Ventures, with Nvidia joining as a new investor.