Market News
Stay updated with the latest market trends, earnings, and economic indicators.
Edelweiss AMC crosses ₹1 trn milestone in equity assets under management
The asset manager attributed the milestone to consistent fund performance, wider distribution and sustained retail participation through systematic investment plans across market cycles
Niket Shah Quits As Motilal Oswal Principal Investments MD, Plans Own Asset Management Venture
Niket Shah announced the decision in a LinkedIn post
Axis MF unveils digital solution to unlock ₹25 trillion MSME opportunity
Asset manager launches Axis Account Plus, a digital treasury management solution that enables MSMEs to invest surplus working capital seamlessly in liquid and mutual fund schemes
Expert view: See compelling setup for Indian stocks to outperform, says Bajaj Finserv Asset Management's head of equity - Mint
Expert view: See compelling setup for Indian stocks to outperform, says Bajaj Finserv Asset Management's head of equityMint
Govt mobilises nearly ₹2,100 cr via share sale of state-owned IRFC
The government on Thursday said it has raised around Rs 2,100 crore from the share sale of state-owned Indian Railway Finance Corporation (IRFC). The OFS for IRFC closed with an enthusiastic response from the retail investors, Department of Investment and Public Asset Management (DIPAM) Secretary Arunish Chawla said in a post on X. "Combined with the institutional investors, 22.88 crore shares were sold to the minority shareholders over the two trading days for an estimated amount of Rs 2,084 crore. We thank all investors for their participation and for reposing their faith in us," he said. The government decided to exercise the green shoe option on Wednesday, allowing 2 per cent stake dilution in the public sector undertaking (PSU) of the Railway Ministry. The Department had fixed a floor price of Rs 91 per share, at a discount of 7.8 per cent over Tuesday's closing price of IRFC shares on the BSE. Shares of IRFC closed 0.8 per cent lower at Rs 91.78 on the BSE on Thursday. Prio
US tech rally has further to run; India well placed: John Stoltzfus
John Stoltzfus, MD and Chief Investment Strategist at Oppenheimer Asset Management remains positive on the long-term artificial intelligence (AI) and technology investment cycle, expects the Fed to stay on hold, and sees emerging markets outperforming developed peers.
SIP-led capital markets story intact; JP Morgan prefers Angel One, CAMS
Among sector preferences, the brokerage favours Angel One, Computer Age Management Services (CAMS), ICICI AMC, Nippon India Asset Management, and HDFC Asset Management Company
ICICI Prudential AMC shares fall 2% as IPO lock-in expiry frees up Rs 1.2 lakh crore stake for trade
ICICI Prudential Asset Management Company shares dropped on Friday. This followed the expiry of the six-month IPO lock-in period. A significant number of shares became available for trading. The company's stock has seen fluctuations since its December listing. Despite recent dips, it remains higher than its IPO and listing prices. The company reported strong earnings growth for the financial year.
Why The LaLiT parent Bharat Hotels will focus on consolidation before reviving IPO plans
Bharat Hotels plans to grow through management contracts and joint developments rather than asset acquisitions, while keeping its IPO ambitions alive for the next 2-3 years.
RBI removes cap on NRI deposit rates until September
The Reserve Bank of India has temporarily removed interest rate ceilings on non-resident deposits, allowing banks to freely mobilize overseas funds until September 30, 2026. This move aims to help banks build long-term liabilities and strengthen their asset-liability management. Banks may now offer higher rates, potentially exceeding 8%, to attract sustainable deposits.
InCred Capital expands global footprint with launch of US operations; appoints Arunava Das as CEO, North America
InCred Capital, the institutional, wealth and asset management arm of InCred Group, announced the launch of its US operations with the opening of its New York office.
CCI clears TVS Group's acquisition of PGIM India AMC, Temasek-Romsons deal
India's fair trade regulator CCI has given the green light for TVS Group entities to acquire PGIM India Asset Management. The regulator also cleared Temasek's investment in medical devices maker Romsons Group. These approvals pave the way for significant business consolidations in the financial and healthcare sectors. The deals involve substantial stake acquisitions and restructuring.