Edelweiss Financial Services Ltd (EFSL) has announced that global investment firm WestBridge Capital is acquiring a 15% stake in Edelweiss Asset Management for Rs 450 crore, valuing the company at around Rs 3,000 crore.
The Indian stock market witnessed a sharp drop on Friday, ending its six-day rally as investors booked profits ahead of Federal Reserve Chair Jerome Powell’s speech at the Jackson Hole symposium.
Domestic equity benchmarks Sensex and Nifty 50 edged lower on Friday, but logged a weekly gain driven by Nifty Auto and consumer durables over expectations of GST rate cuts.
Nirmal Bang maintains a ‘hold’ recommendation on Berger Paints shares, citing decelerating earnings growth and low ROEs. Get the latest updates on the Indian stock market, including Nifty levels, Q1 results, and major corporate actions affecting investor sentiment.
The initial public offering (IPO) of Vikran Engineering is set to open for bidding on August 26, aiming to raise ₹772 crore with a price band of ₹92–97 per share. Here’s what investors need to know ahead of the issue launch.
The Securities and Exchange Board of India’s secondary market panel is likely to propose a Rs 1,500-crore cap on large intraday index derivate trades. Here’s what it means for Indian investors and traders.
Foreign portfolio investors have turned net sellers of Indian shares, while domestic institutional investors have broken their buying streak. What does this mean for the Indian stock market and investor sentiment?
The Securities and Exchange Board of India (SEBI) conducted a surprise 10-hour raid on the trading academy of prominent finfluencer Avadhut Sathe, sparking concerns over unregistered advisory services and alleged market manipulation. Here’s what Indian investors need to know.
SEBI Chairperson Tuhin Kanta Pandey stresses the importance of protecting investor data, highlighting mutual funds’ responsibility in preventing data leakage and ensuring transparency.
SEBI has proposed significant changes to the block deal framework, aiming to enhance market efficiency and transparency. Here’s what Indian investors and traders need to know about the new rules.