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SBI Funds Management IPO received robust demand on its second day of bidding. Non-institutional investors led the subscription, booking over six times their allocated portion. The Grey Market Premium suggests a potential listing price of approximately Rs 662 per share. This public issue, an Offer for Sale, will remain open until July 16. Investors await…
Jim Simons’ investment philosophy centered on three key criteria for trading. He prioritized assets that were publicly traded, liquid, and amenable to modeling. This approach emphasized data-driven decisions over speculation and emotions. His quantitative methods identified statistical patterns and refined models with new information. This disciplined strategy demonstrated the power of data in long-term investment…
HDB Financial Q1 Results: Net interest income rose 20% to Rs 2,509 crore from Rs 2,092 crore a year earlier. Net total income increased 17% to Rs 3,185 crore from Rs 2,726 crore in the year-ago quarter.
HDFC Asset Management Company reported a 12% rise in Q1 FY27 net profit to ₹837 crore, supported by higher revenue and asset growth. Quarterly average AUM climbed 13% year-on-year, while shares gained over 2% after the earnings announcement.
Indian Gas Exchange has filed preliminary papers for its Initial Public Offering. The proposed public issue is entirely an Offer For Sale by its promoter. This move aims to enhance the company’s visibility and brand image. IGX operates a technology-enabled electronic marketplace for natural gas trading. The company reported revenue growth for the financial year…
According to Reuters, the Treasury’s monthly Treasury International Capital (TIC) report showed that net long-term purchases by foreign investors reached $1.33 trillion over the 12 months through May, reflecting sustained overseas demand for U.S. assets.
NSE has partnered with Augmont Enterprises to expand the Electronic Gold Receipts (EGR) ecosystem, aiming to unlock India’s vast household gold holdings. The initiative seeks to improve liquidity, enable exchange-traded ownership of physical gold, reduce import dependence and create a transparent, SEBI-regulated marketplace for the precious metal.
IBM shares rebounded nearly 2% in premarket trade after plunging 25% in their worst single-day fall in 58 years, wiping out nearly $70 billion in market value. The selloff was triggered by weaker-than-expected preliminary Q2 results and concerns that customers are shifting spending from IBM’s traditional businesses to AI infrastructure.
ICICI Prudential Life Insurance reported a twenty-eight percent net profit increase. Net premium income rose to nine thousand seven hundred forty-nine crore rupees. New business premium grew by twenty-one percent, and policy numbers also increased. Total revenue reached twenty-eight thousand three hundred ninety-five crore rupees. The company proposed changing its name to ICICI Life Insurance…