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SBI Funds pays razor-thin banker fees on top India IPO of 2026Investment banks managing SBI Funds Management's IPO will receive minimal fees. These managers will split fees of ₹46.25 million, a fractio...
Norwest, Skegen lead $40 million in Raghu Vamsi AerospaceFounded in 1992, RVAG manufactures precision aero-engine components and sub-assemblies for global aerospace original equipment manufacturer...
Peak XV leads Rs 350 crore funding round in wealth manager Neo GroupThe transaction is expected to close shortly, Neo said in a statement. It did not disclose the valuation for the round or the investment sp...
Shriram AMC announces Refreshed Fund Opportunity for its three hybrid fundsShriram AMC has refreshed the investment framework of three hybrid funds, introducing a research-driven, dynamic asset allocation strategy ...
AMFI simplifies mutual fund transmission process to make claim settlement easier for nomineesAMFI has simplified mutual fund transmission procedures for deceased unit holders. New measures consider address and name mismatches for sm...
Negative Breakout: These 8 stocks cross below their 200 DMAsTraders use the 200 DMA as a key indicator to determine the overall trend in a particular stock.
At 42x subscription, SBI Funds IPO draws record buzzSBI Funds Management's IPO achieved record subscriptions, becoming the largest of 2026. Investors bid nearly 42 times the shares offered by...
SBI Funds Management gets highest applications for any IPO this year, sees Rs 2.98 lakh crore investor rushSBI Funds Management's Rs 9,813 crore IPO saw 42 times subscription on its final day. Qualified institutional buyers led the strong demand,...
Adani in talks with Accor, ITC Hotels to manage Jaypee hospitality assetsAdani Group is negotiating with Accor to manage Delhi and Agra hotel properties. Separately, discussions are underway with ITC Hotels for a...
BlackRock assets hit record $15 trillion on boost from buoyant markets, ETF inflowsIn a remarkable show of strength, BlackRock announced impressive second-quarter profits that outpaced Wall Street's forecasts. Driven by a ...
SBI Funds Management IPO: Issue subscribed 2.77 times on Day 2; GMP signals 16% listing gainsSBI Funds Management IPO received robust demand on its second day of bidding. Non-institutional investors led the subscription, booking ove...
HDFC AMC Q1 Results: Net profit rises 12% to Rs 837 crore, revenue up 14%HDFC Asset Management Company reported a 12% rise in Q1 FY27 net profit to ₹837 crore, supported by higher revenue and asset growth. Quarte...
Global Market: DBS targets over $774 billion in wealth assets by 2030 amid Asia wealth boomDBS Group aims to grow assets under management in its retail and wealth businesses from S$632 billion at the end of 2025 to more than S$1 t...
Avendus fund buys PPFAS stake worth Rs 140 crore from promotersAvendus Future Leaders Fund III has acquired nearly a 1% stake in Parag Parikh Financial Advisory Services for around Rs 140 crore through ...
SBI Mutual Fund: SBI, RIL, and Infosys among top 10 stock holdings in JuneSBI Mutual Fund remained India's largest asset manager with Rs 12.94 lakh crore in AUM as of June 2026. HDFC Bank, ICICI Bank and Reliance ...
Tata Asset Management elevates Anand Vardarajan as CEO and MD, Prathit Bhobe steps downAnand Vardarajan will become Tata Asset Management's Chief Executive Officer and Managing Director. He takes over from Prathit Bhobe, who s...
SBI Funds IPO priced at discount to listed AMCs on valuation metricsSBI Funds Management's IPO is priced at a discount to listed asset management companies. Its valuation reflects a lower share of equity-ori...