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In today’s trade, shares of Reliance Industries, Tata Tech, Wipro, Jio Financial, ITC, Maruti Suzuki among others will be in focus due to various news developments and first quarter results.
SBI Funds Management’s IPO achieved record subscriptions, becoming the largest of 2026. Investors bid nearly 42 times the shares offered by the asset manager. Qualified Institutional Buyers showed the highest subscription levels, indicating strong demand.
SpaceX shares have fallen below their initial public offering price, signaling potential future volatility. Insider restrictions are set to lift soon, which could increase available trading shares. This event may impact the company’s market valuation significantly in the coming months. Analysts remain largely positive, recommending buys despite the recent stock decline. The company’s future performance…
The QIP, which opened on Wednesday, drew interest from several marquee domestic mutual funds and foreign institutional investors, the people cited above said. The company launched the issue at a floor price of Rs 1,169.70 per share, 10% lower than its share price of Rs 1,298 on Wednesday.
New Reserve Bank of India norms will prevent lenders from reselling acquired assets to defaulting borrowers. These prudential rules apply to banks, small finance banks, and NBFCs starting October 2026. Specified non-financial assets are those obtained when resolving stressed loans from borrowers. Lenders must establish board-approved policies for acquiring and disposing of these assets. These…
Private insurers want Irdai to change proposed investment norms for unlisted companies. They suggest linking exposure limits to shareholders’ funds instead of surplus. This change could unlock billions for investment in privately held businesses. The proposed framework may expand sector investment capacity significantly. Insurers seek greater flexibility in managing investment portfolios.
An upcoming MSCI index rebalancing may introduce about $2.3 billion in passive investment flows. The global index provider will announce changes on August 12 after market close. Several Indian stocks are likely candidates for inclusion in the MSCI India Standard Index. These changes will impact index-linked exchange-traded funds and mutual funds. The rebalancing will become…
HSBC’s GIFT City unit offers NRIs significant leverage on FCNR deposits. An NRI can borrow up to nineteen times their own funds for deposits. This special deposit program attracts overseas dollar deposits and boosts inflows. The Reserve Bank of India temporarily relaxed interest rate ceilings for this purpose. This initiative aims to attract foreign exchange…