Prashant Jain, other top investors pick Rs 1,655 crore stake in SBI Funds Management pre-IPO deals

Indo-MIM’s Rs 3,811-crore IPO opens on July 23 with a strong grey market premium of about 37%. The precision engineering manufacturer plans to repay debt using fresh issue proceeds, while analysts highlight its global MIM leadership, diversified operations, and robust financial growth supporting long-term prospects.

Analysts soon began sounding the alarm over the massive AI spending and rising debt of the tech giants, questioning if they will actually bear fruit in the future. The worries sparked a sharp selloff in the tech stocks.

Circle secured final regulatory approval from the OCC for its national trust bank. This allows the stablecoin issuer to manage its own reserves and client crypto assets. The charter places Circle’s bank under direct federal supervision by the OCC. Digital asset firms are increasingly seeking traditional financial services and banking licenses. Circle is the issuer…