Terracotta to saffron to white to saffron: Colour fight erupts over ‘Bengal’s soul’

Indian stock market indices Nifty50 and BSE Sensex diverged due to a new closing auction session. This new mechanism replaced the volume-weighted average price for price discovery. The exchange clarified that this divergence was not an anomaly but a result of the new process. The closing price is now determined by an equilibrium price mechanism…

SBI Mutual Fund’s unlisted shares have delivered nearly 3.8x returns over the past three years, helped by sharp price appreciation and a 3:1 bonus issue, ahead of its proposed IPO. With Sebi’s approval in place, the country’s largest asset manager is expected to launch its public issue in early July.

PNB Housing Finance anticipates its new micro-housing loan business will reach Rs 100 crore AUM. The company expects disbursements to accelerate now that policies and training are finalised. Leverage is projected to increase to nearly six within three years for organic growth. Funding costs remain stable, with potential for slight softening in market conditions. Construction…