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ICICI Pru AMC Q4 result: Profit rises 10% against 8% increase in total income
ICICI Prudential AMC Q4 net profit up 10.37% to ₹763 crore, income rises, board okays ₹12.40 interim dividend, new secretarial auditor and ESOP, stock unit schemes approved
S&P 500 gained for seventh straight day on Thursday but this segment sold-off again
The iShares Expanded Tech-Software Sector ETF (IGV) fell 4%, closing at the lowest level since 2023. The ETF has extended its year-to-date losses to 27%. Another index related to software-as-a-service (SaaS) companies declined nearly 5%, extending its decline for the week to 9% and a year-to-date drop to nearly 40%.
NSE gets ready for IPO, finalises 20 bankers and 8 law firms
A total of 20 merchant banks have been appointed, setting a new record for India IPOs (the previous record was 18 banks for ICICI Prudential AMC).
Markets end higher in volatile week; rupee recovers from record low
The total market capitalisation of BSE-listed companies rose marginally by ₹1.79 lakh crore during the week. Among the gainers, Reliance Industries led the increase in market capitalisation, while ICICI Bank, State Bank of India, and Axis Bank witnessed a decline in their market capitalisation.