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Remain positive on IDFC First Bank, see opportunities in PSU banks: TCG Asset
TCG Asset Management CEO Shahzad Madon remains confident in IT holdings despite AI-driven corrections and sees selective opportunities in PSU banks due to relatively lower valuations and improved balance sheets.
Temasek, ADIA said to plan investing in Clean Max’s India IPO
Temasek Holdings Pte and Abu Dhabi Investment Authority plan to invest in Clean Max Enviro Energy Solutions Ltd.'s IPO, alongside HDFC Asset Management Co. Ltd and SBI Life Insurance Co.
ICICI Prudential Life Insurance hit with Rs 984 crore tax demand
ICICI Prudential Life Insurance faces a significant tax demand of Rs 984 crore. An appellate order upheld the demand, which relates to input tax credit reversal. The company plans to file a further appeal. Despite the large sum, ICICI Prudential Life states there is no immediate impact. This development concerns tax liabilities from July 2017 to July 2022.
AI may cut IT costs but push companies to spend more on tech: Axis AMC
Ashish Gupta, CIO at Axis Asset Management Company, expects double-digit loan growth in banking as economic indicators improve and sees earnings growth of 13–14% in the coming year. While confidence in recovery has strengthened, he cautioned that FII flows remain a risk due to global growth and currency factors.
2026 may reward stock pickers; autos, financials at fair valuations: Kenneth Andrade
Kenneth Andrade, Founder & CIO of Old Bridge Asset Management advises focusing on companies where major capital expenditure is complete, particularly in sectors like chemicals, pharmaceuticals, and select commodities. Andrade remains cautious on IT services but sees significant value in businesses with strong balance sheets and attractive valuations, even amidst bearish macroeconomic headwinds, citing IEX as a key example.
Stocks to Watch Today: Hyundai Motor, Vishal Mega Mart, Minda Corp, Solex Energy, Hinduja Global Solutions, Dixon Technologies in focus on 10 March
Stocks to Watch, 10 March: Stocks like Adani Power, Cochin Shipyard, Hyundai Motor India, Motilal Oswal Financial Services, Nippon Life India Asset Management, Vishal Mega Mart, Minda Corporation, Solex Energy, and Hinduja Global Solutions will be in focus on March 10.
IIFL Asset Management picks up nearly 2% stake in Indo Tech Transformers from promoter
Perhaps, Indo Tech Transformers shares may have reacted to the transaction, freezing at 5 percent upper circuit at Rs 3,081.9, the highest closing level since January 20, 2025, on the National Stock Exchange.
SBI Mutual Fund Gets SEBI Nod for ₹13,000 Crore IPO | India's Largest AMC to List
SBI Mutual Fund, India's largest asset management company, has received SEBI's approval for its much-awaited IPO, which is expected to be worth around ₹13,000 crore. The public issue will be entirely an Offer for Sale (OFS), with no fresh equity issuance, as existing shareholders SBI and Amundi India Holding pare their stakes. The IPO is expected to hit the market next month and will mark the listing of one of the country's most dominant mutual fund players. With average assets under management of nearly ₹12.5 lakh crore as of December 2025, SBI Mutual Fund is a key player in India's growing investment ecosystem. The listing will place it alongside other listed AMCs such as HDFC AMC, Nippon Life India AMC, ICICI Prudential AMC, UTI AMC and Aditya Birla Sun Life AMC.
ICICI Prudential Life shares fall up to 9% to hit two-year low as promoter to reduce stake
The divestment is part of the regulatory approvals for Prudential's 75% stake buy in Bharti Life Insurance Co.
Stocks to Watch Today: TVS Motor, Exide Industries, Meesho, Groww, Gujarat Themis, Glenmark Pharma, Hindalco, Eicher Motors, Divis Labs, NTPC in focus on 25 May
Stocks to Watch, 25 May: Stocks like NTPC, Hindalco Industries, Eicher Motors, Torrent Pharmaceuticals, Colgate Palmolive India, Divis Laboratories, Tata Capital, Lenskart Solutions, LG Electronics, Meesho, ICICI Prudential AMC, and Billionbrains Garage Ventures Groww will be in focus on May 28.
ADIA sells 2.3% stake in Lenskart for Rs 1,960 crore to 19 investors including Morgan Stanley, Goldman Sachs, SBI MF
Lenskart Solutions Block Deals: Kotak Mahindra Asset Management was the largest buyer, picking up 1.27 crore shares (0.7 percent stake) for Rs 626 crore.
Taking Stock: Sensex, Nifty end flat ahead of RBI policy; consumer durables, capital goods shine
More than 120 stocks touched their 52-week high on the BSE, including Cemindia Projects, Nippon Life India Asset Management, Jindal Saw, HFCL, Syrma SGS, Laurus Labs, Polycab, Vodafone Idea, Federal Bank, IFCI, JK Bank, Welspun Corp, RBL Bank, among others.