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ICICI Prudential Asset Management Company's 10,600 crore IPO will open on December 12, with shares priced between 2,061-2,165. The offering is entirely an offer for sale by UK-based Prudential Corporation Holdings, divesting a 9.9% stake. ICICI Bank also plans to increase its shareholding in the AMC.
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News and Media
Sebi has launched the Past Risk and Return Verification Agency (PaRRVA) to combat mis-selling of investment products. This tech-driven system, linking credit rating agencies and stock exchanges, will independently verify past returns, ensuring transparency and consistency. The initiative aims to create a level playing field for investors and intermediaries by providing credible performance data and curbing exaggerated claims.
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News and Media
Despite calm headline indices, underlying market weakness is evident as the Advance-Decline Ratio hit a 10-month low in November, further declining in December. This indicates a shift towards caution, with investors favoring large-cap stocks over mid and small-caps, signaling growing strain beneath the surface.
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News and Media
Indian stock markets experienced their sharpest fall since late September, with the Nifty dropping below 26,000. Investors adopted a cautious stance ahead of the US Federal Reserve's policy decision, despite positive domestic growth figures and a recent rate cut. Global rate concerns and foreign fund outflows contributed to the downturn.
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News and Media
PhysicsWallah reported 62% YoY profit growth and 26% revenue rise in Q2, backed by rapid offline expansion, diversified income streams, and improved margins following major cost optimisation and strong post-IPO growth momentum.
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News and Media
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