SBI Funds Management IPO To Open On Jul 14 For Public, Close On Jul 16 SBI Funds Management Has Filed Red Herring Prospectus For IPO SBI To Sell 6.3% Stake In SBI Funds Management Via IPO IPO To Offer Up To 20.37 Cr Shares IPO Includes SBI’s 6.3% Stake Sale (This is a breaking story….
Indian benchmark indices witnessed a sharp sell-off on Wednesday, July 8, with the Nifty 50 plunging more than 2% and the Sensex also declining over 2%, extending losses for a second consecutive session after a four-day winning streak ended on Tuesday. The Nifty 50 closed at 23,882, down 516 points, registering its steepest single-day percentage…
Mumbai-based real estate developer The Phoenix Mills Ltd on Wednesday (July 8) reported a strong operational performance in the first quarter of FY27, with retail consumption growing 32% year-on-year to ₹4,727 crore from its existing operational portfolio. The company said retail performance was supported by healthy consumption trends across its portfolio, with double-digit growth across…
From the 30-share Sensex pack, all firms ended in the red today with Indigo falling the most by 5.02 per cent, followed by Maruti Suzuki (4.11 per cent), HUL (3.36 per cent), Bajaj Finance (3.08 per cent). Similarly, Kotak Mahindra Bank, M&M, ITC, BEL, Ultra Cement, L&T, ICICI Bank, Reliance Industries, Asian Paits, HDFC Bank,…
Markets regulator SEBI has replaced the existing US dollar-denominated registration fee for Foreign Portfolio Investors (FPIs) with a rupee-based fee structure. To implement the change, the Securities and Exchange Board of India (SEBI) has amended the rules governing FPIs. The revised provisions will come into effect after six months, SEBI said in a notification dated…
IRB Infrastructure Developers Ltd.reported a record 28% year-on-year rise in gross toll collections for June 2026 at ₹808 crore, compared with ₹631 crore in the same month last year. The collections were recorded across the IRB Group, comprising IRB Infrastructure Developers, IRB Infrastructure Trust and IRB InvIT Fund. Among individual assets, IRB MP Expressway contributed…
Jeff Bezos’ space company Blue Origin is raising about $10 billion in its first-ever external fundraising round, valuing the rocket maker at $130 billion, CNBC reported, citing people familiar with the matter. According to CNBC’s Andrew Ross Sorkin, Bezos is expected to invest $2 billion in the funding round, while hedge fund Coatue Management is…
Graphite electrode manufacturer Graphite India Ltd on Wednesday (July 8) said it will discontinue and close the operations and associated service activities of its Graphite Specialities and Coating divisions in Germany, citing the lasting impact of the Russia-Ukraine war and weak demand. The company said these factors have adversely affected the competitiveness of the two…
State-owned National Aluminium Company Ltd (NALCO) on Wednesday (July 8) said it has signed a joint venture agreement with state-owned NLC India Ltd(NLCIL) to incorporate a joint venture company (JVC) for developing a 4×270 MW (1,080 MW) captive thermal power plant at Angul, Odisha. The proposed joint venture company will be owned equally by NALCO…
The capital markets regulator mandated that at least 95 per cent of the interest or income generated each year from investments made out of the IPF must be added back into the fund. The remaining chunk, capped strictly at 5 per cent, can now be utilised to meet expenses directly linked to the fund’s daily…
