New frog species named in honour of social worker Padmini Varkey

As SBI Funds Management heads for its Rs 11,693-crore IPO, the rise of digital-first platforms like Zerodha and Groww is reshaping India’s mutual fund industry. While digital challengers are winning younger investors, the country’s largest AMC believes its scale, trust and distribution network remain powerful competitive advantages.

Kusumgar’s Rs 650-crore initial public offering is nearing its closing day with robust investor participation. The stock currently commands a significant grey market premium, indicating strong investor sentiment. Non-Institutional Investors led the subscription, followed by retail and QIB segments. The company specializes in engineered synthetic fabrics for demanding industrial applications. Share allotment is expected on…

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