Asian markets are in a tailspin, echoing the dip witnessed on Wall Street as investor hesitation grows over inflated stock prices. This market tumble is echoing alerts from top financiers about looming corrections. The current buzz around generative AI is stirring memories of the dot-com bubble. Major Asian indices, particularly in Japan, are experiencing steep declines.

ChrysCapital has secured a record $2.2 billion for its latest fund, ChrysCapital X. This marks a significant achievement for the Indian private equity firm. The fund saw strong participation from both global and domestic investors. ChrysCapital s strategy focuses on key sectors like consumer, healthcare, and technology. The firm has a proven track record of delivering substantial returns to its investors.

Palantir Technologies shares dropped 6 percent on Tuesday. This occurred even after the company released a strong quarterly update and forecast. Demand for its data analytics services is rising due to AI adoption. Investor Michael Burry has placed bearish bets on Palantir. This has raised concerns about the AI and tech industry s spending.

Nuvama Wealth Management has announced a 1:5 stock split and a Rs 70 interim dividend. The company reported its Q2 earnings, showing a marginal decrease in consolidated net profit. Revenue from operations saw an increase compared to the previous year. The stock split will divide each Rs 10 share into five Rs 2 shares.

Paytm Q2 Results: Fintech firm Paytm reported a significant 98% drop in net profit to Rs 21 crore for Q2, despite a 24% rise in revenue to Rs 2061 crore. The company attributes revenue growth to increased subscription merchants and financial services distribution. Paytm plans to expand merchant offerings, grow financial services, and leverage AI for product innovation and market expansion.

SBICAP Securities has appointed Bhuvaneshwari A. as its new Managing Director and Chief Executive Officer. She brings over three decades of experience from SBI. Bhuvaneshwari aims to make SBICAP Securities a digitally driven, customer-centric, and innovation-led investment services company. The focus will be on strengthening technology, expanding products, and deepening customer engagement.

Zerodha founder Nithin Kamath humorously acknowledged competitor Groww s IPO, noting a significant portion of applications came from Zerodha customers. Groww s IPO opened to a decent start, with the retail portion showing strong enthusiasm. Despite competition, both platforms are instrumental in simplifying investing for millions in India.

Arvind Fashions CEO Amisha Jain reported a settlement in BIS certification disruptions, leading to over 25% year-on-year growth in the footwear category during the July-September quarter. Reduced GST rates are expected to boost demand in the coming months, with premium apparel brands like US Polo, Tommy Hilfiger, and Calvin Klein maintaining strong growth momentum.

Wall Street s main indexes tumbled on Tuesday as investors questioned lofty tech valuations after the CEOs of top Wall Street banks warned of a stock market selloff, while AI favorite Palantir s sales forecast failed to impress investors.