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Bajaj Finance shares gain 2% after Q1 business update; AUM rises to Rs 5.46 lakh crore
Bajaj Finance shares rose after the company reported strong Q1 FY27 business growth, driven by higher assets under management, customer additions and loan bookings. The NBFC also continued its steady expansion in deposits, while stable asset quality and healthy profitability reinforced confidence in its long-term growth trajectory.
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
Health ministry issues proposal for one-year residual shelf life for imported drugs
The Union Health Ministry is proposing to relax import rules for medicines, requiring a minimum 12-month shelf life upon arrival instead of the current 60% of total shelf life. This move aims to simplify business operations and ensure medicine availability. The change, however, will not affect specialized drugs like biologicals and radiopharmaceuticals. Officials believe this will cut down wastage and improve inventory management, ultimately benefiting patients.
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
HDFC Life reports 12 per cent premium growth in FY26, retail protection business rises 43 per cent
HDFC Life Insurance reported a robust 12% year-on-year growth in total premium for FY26, with its retail protection business soaring by 43%. The insurer solidified its position among the top three, achieving a 10.8% new business market share. Profit after tax reached Rs 1,910 crore, and assets under management grew to Rs 3.75 lakh crore.
LIC CFO Sunil Agrawal resigns months after his term was extended to March 2027
Life Insurance Corporation of India (LIC) informed the stock exchanges of a change in its senior management, with Chief Financial Officer (CFO) Sunil Agrawal resigning after more than four years in the role.
Supreme Industries, CARE Ratings, Nippon Life Dividend Record Date: Last Day To Buy Shares To Qualify
Dividend Record Date: Last Day To Buy Shares To Qualify
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