Market News
Stay updated with the latest market trends, earnings, and economic indicators.
Tata Asset Management Appoints Anand Vardarajan As CEO & MD; Hemant Kumar Named CBO
Vardarajan, who has been associated with Tata Asset Management since 2018, previously served as the company's Chief Business Officer.
SEBI allows wider use of intraday borrowings by MFs from September 1
SEBI has notified the purposes for which mutual funds can avail intraday borrowings, expanding the framework to help asset management companies manage short-term liquidity mismatches while ensuring that the associated costs are not passed on to investors.
Anand Rathi Wealth shares hit record high after AUM crosses ₹1 lakh crore mark in Q1
Anand Rathi Wealth said it is planning to set up an asset management company (AMC). Analysts believe that this could be a trigger for growth in the medium term.
Blue Jet Healthcare shares rally 9% after Rs 800 crore QIP allotment
Blue Jet Healthcare shares rose sharply on Friday after the company completed its Rs 800 crore QIP, attracting marquee institutional investors, including multiple ICICI Prudential Mutual Fund schemes. The fund raise is expected to strengthen the company's balance sheet, support expansion plans, and boost long-term growth prospects while broadening its institutional shareholder base.
Adani flagship is the next big India pick for Singapore’s Helios
Helios Capital Management is investing in Adani Enterprises, seeing potential in India's overlooked market. The asset manager bought shares, citing Adani's improving legal standing and business ventures. Adani plans significant investments in data centers and digital expansion, leveraging its energy assets. This move positions Adani as a proxy for India's artificial intelligence ambitions. Helios also sees receding headwinds for India's broader economic outlook.
SBI Funds Management prices ₹11,693 crore IPO at ₹545-574 per share
India's largest asset manager by assets under management has set a valuation of Rs 1.2 trillion, with the Rs 11,693 crore offer for sale opening on July 14
ARC consolidation: Govt weighs ASREC merger with NARCL
The government is considering a merger of ASREC Asset Reconstruction Company with NARCL to enhance the functionality of state-sponsored bad-loan resolution efforts. This proposal, still in preliminary discussions, underscores a strategic effort for consolidation rather than growth. ASREC ARC is majorly held by public sector lenders and LIC, aiming for better management and scrutiny of bad loans.
ARC consolidation: Govt weighs ASREC merger with NARCL
The government is considering a merger of ASREC Asset Reconstruction Company with NARCL to enhance the functionality of state-sponsored bad-loan resolution efforts. This proposal, still in preliminary discussions, underscores a strategic effort for consolidation rather than growth. ASREC ARC is majorly held by public sector lenders and LIC, aiming for better management and scrutiny of bad loans.
ICICI Prudential board approves reclassifying Prudential as an investor
ICICI Prudential Life Insurance's board approved seeking Irdai's nod to reclassify Prudential Corp. Holdings and rename the company to ICICI Life Insurance Ltd.
Outcome of board meeting of ICICI Prudential Life Insurance Company
Held on 06 July 2026
TPG, GIC and ICICI Bank acquire Aseem Infrastructure Finance for ₹5,000 crore
Aseem is a leading sustainable infrastructure debt financier with a core focus on renewable energy, power transmission and other infrastructure assets in India. It was established in 2020 by the National Investment and Infrastructure Fund, India’s sovereign-anchored alternative asset manager.
ICICI Prudential Life Insurance Changes Name To ICICI Life Insurance
This development comes after the company had its status changed from 'Promoter' to 'Investor'.