MUMBAI: State Bank of India said it will divest 3.2 crore shares, or 6.3%, of its stake in SBI Funds Management through an IPO, subject to regulatory approvals. Co-promoter Amundi India Holding will sell 1.9 crore shares, or 3.7%, taking the total offering to 10% of the company’s equity, or about 5.1 crore shares. The…
Lenskart Solutions’ Rs 7,278 crore initial public offering (IPO) witnessed robust investor interest, with the issue being subscribed 28.2 times when it closed on November 4.The eyewear major received bids for 281.9 crore shares against 9.97 crore shares on offer.The basis of allotment will be finalised on November 6, and investors can check their allotment…
File photo: JPMorgan Chase & Co chief executive Jamie Dimon (Picture credit: AP) JPMorgan Chase & Co chief executive Jamie Dimon has said the bank’s workforce is likely to remain steady or even grow as artificial intelligence becomes more deeply embedded in its operations. His comments counter the widespread concern that automation will cause massive…
MUMBAI: Policybazaar’s healthcare arm has raised $218 million in its seed round and acquired a diabetes care platform to expand into preventive healthcare. PB Health, incubated by PB Fintech, said the round—first announced in May—was led by General Catalyst and included participation from Faering Capital, Bay Capital, Think Investments, Avataar, Select Group, and select angel…
MUMBAI: Medi Assist Healthcare Services reported a sharp drop in profit for the quarter ended September 30, 2025, even as revenue rose strongly, as acquisition and investment costs weighed on earnings. Profit for the period fell 61.6% to Rs. 8.1 crore from Rs. 21 crore a year earlier. Profit before tax from continuing operations declined…
MUMBAI: Mahindra & Mahindra has sold its entire 3.5% stake in RBL Bank for Rs 678 crore, booking a 62.5% gain on its treasury investment made in Jul 2023 for Rs 417 crore. The sale comes weeks before Emirates NBD launches an open offer on Dec 12 to buy shares from public investors at Rs…
Bitcoin has slipped below the $100,000 mark for the first time since June, marking a fresh downturn driven by long-term holders cashing out rather than leveraged traders. The world’s largest cryptocurrency dropped as much as 7.4% on Tuesday, extending losses to over 20% from its record high a month ago. By Wednesday morning in New…
The divide between domestic and foreign institutional investments in Indian equities has grown to its widest in 25 years, highlighting a clear shift in market participation. As per ET, domestic institutional investors (DIIs) now hold 18.26% of all NSE-listed companies, an increase of 44 basis points in the September quarter — their highest level on…
Profits at India’s state-run oil refiners soared in the July–September quarter even as their dependence on discounted Russian crude dropped sharply, showing that earnings were fuelled more by global price movements than by cheap Russian supplies.According to ET, the combined profit of Indian Oil Corporation (IOC), Bharat Petroleum Corporation (BPCL), and Hindustan Petroleum Corporation (HPCL)…
MCX Gold has shown signs of exhaustion after its recent rally and appears to have some room for a corrective move on the downside. (AI image) Gold and silver price prediction today: Gold prices are showing signs of exhaustion, and traders should adopt a cautious approach, says Abhilash Koikkara, Head – Forex & Commodities, Nuvama…
