Mumbai: SBI Funds Management Ltd, India’s largest asset manager, filed draft papers for an initial public offering (IPO) with the Registrar of Companies on Thursday. Joint venture partners State Bank…
Category: Market
FedEx Corp stock slips 1% ahead of third quarter earnings
FedEx Corp. equity traded lower on Thursday as the logistics giant prepares to disclose its fiscal third quarter results following the market’s closing bell. The company’s valuation climbed to a…
SBI Mutual Fund files DRHP for ₹13,000 crore IPO
India’s largest asset management company, SBI Mutual Fund, has filed its Draft Red Herring Prospectus to raise about ₹13,000 crore. The fund house is a joint venture between the State…
HDFC Bank episode rattles MF investors as concerns loom
The sudden exit of Atanu Chakraborty as part-time Chairman of HDFC Bank has not only wiped out ₹1 lakh crore in market-cap of the bank but also sent chills across…
IREDA board to meet on this date to consider the interim dividend for FY26
(Indian Renewable Energy Development Agency), India’s leading green financing NBFC, said its board of directors is scheduled to meet on Wednesday, March 25, to consider a proposal for the declaration…
Gold dips ₹19,000 in March; investors eye staggered buying
The recent fall in gold prices will soon revive investor interest in the yellow metal through exchange-traded funds, as the long-term outlook remains bright amid the ongoing war in West…
Accenture shares jump nearly 5% on upbeat Q2 performance driven by strong AI demand
Global consulting company Accenture saw its shares rise 4.7% on the NYSE during intraday trade on March 19 to hit a day’s high of $204.20 apiece, as investors reacted positively…
InVITs’ asset to grow ₹1 lakh crore in FY26: CareEdge
Assets under management (AUM) of Infrastructure Investment Trusts (InvITs) is likely to grow by ₹1 lakh crore during FY26, said CareEdge Ratings. InvITs have gained momentum with AUM doubling from…
Qatar loses 17% LNG output after Iranian attacks, Europe and Asia at risk
D Iranian attacks have knocked out 17% of Qatar’s liquefied natural gas (LNG) export capacity, causing an estimated $20 billion in lost annual revenue and threatening supplies to Europe and…
Russian energy shipments to continue at market prices, says official
Russia will continue to supply energy at market prices without taking sanctions into considerations, Pavel Sorokin, its deputy energy minister, said on Thursday. Washington last week issued a 30-day waiver…