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SEBI proposes allowing limited third-party payments in mutual funds. (Pic Credit: iStock/ETNOW) Market regulator Securities and Exchange Board of India (SEBI) has issued a draft framework proposing to allow limited third-party payments in mutual funds, marking a notable shift from the current rule that mandates investments be made only from the investor’s own bank account….

A majority of Federal Reserve officials warned the central bank would likely need to consider raising interest rates if inflation continued to run persistently above their 2% target. In response to the same worries, “many” officials during last month’s policy meeting called for the Fed to drop its easing bias and signal its next move…

Despite reporting strong revenue growth in both the March quarter and the full financial year, Saatvik Green Energy witnessed pressure on quarterly profitability as rising operational costs weighed on margins. By PTI May 20, 2026, 11:16:10 PM IST (Published) 1 Min Read Saatvik Green Energy on Wednesday reported over 36% dip in consolidated net profit to…

Artificial intelligence company OpenAI is preparing to confidentially file a draft prospectus for an initial public offering (IPO) as early as Friday, CNBC reported on Wednesday. The AI company, valued at more than $850 billion by private investors, is reportedly working with Goldman Sachs and Morgan Stanley on the potential listing, according to a source…

Drug firm Strides Pharma Science Ltd on Wednesday (May 20) said the United States Food and Drug Administration (USFDA) has completed a routine current Good Manufacturing Practices (cGMP) inspection at the company’s flagship facility in Bengaluru. The inspection was conducted from May 12, 2026, to May 20, 2026. At the conclusion of the inspection, the…

Financial assets are increasingly gaining favour among Indian households, with savings routed through the securities market rising to ₹ 6.91 lakh crore in 2024-25 from ₹ 3.58 lakh crore in the preceding fiscal, according to a research paper authored by Sebi officials. The paper said the revised estimate is significantly higher than the ₹ 5.43…

Realty firm Arvind SmartSpaces Ltd on Wednesday (May 20) reported a consolidated net profit of ₹42.3 crore for the fourth quarter, up 121.5% from ₹19.1 crore in the corresponding period last year. Revenue declined 4.7% year-on-year to ₹155.4 crore from ₹163.1 crore. EBITDA rose 76.5% year-on-year to ₹59.3 crore from ₹33.6 crore, while EBITDA margin…

From Dr Reddy’s Laboratories announcing the launch of its oral semaglutide biosimilar in India under the brand name Obeda to Whirlpool of India Ltd reporting a 32.7% year-on-year decline in net profit Q4, here are some stocks to track ahead of Thursday trading session. 3 Min Read 1 / 12 Aditya Birla Capital Ltd |…

Pace Digitek has received an advance work order (AWO) worth ₹264.65 crore from Bharat Sanchar Nigam Limited (BSNL) for the BharatNet middle-mile and last-mile network project in the Sikkim Telecom Circle. The order entails the design, supply, construction, installation, upgradation, operation and maintenance (O&M) of BharatNet network infrastructure in the northeastern state. As part of…

US stocks edged higher on Wednesday even as crude oil prices slipped sharply, with West Texas Intermediate (WTI) futures falling to intra-day lows below $100 per barrel amid easing energy concerns and investor focus shifting to chip giant Nvidia’s earnings. WTI crude futures dropped 3% to trade around $100 per barrel, while Brent crude declined…