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State Bank of India and France's Amundi will sell a 10% stake in their asset management firm, SBI Funds Management. This will be done through an initial public offer. SBI will divest 6.3% and Amundi 3.7%. The IPO is expected to be completed in 2026. SBI Funds Management will be the third SBI subsidiary to list.
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News and Media
Elon Musk revealed Tesla's potential need to construct a massive chip fabrication plant to meet its AI chip demands, even considering collaboration with Intel. This move supports Tesla's autonomous driving and AI ambitions, as current supplier capacity is deemed insufficient for future production needs.
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News and Media
Life Insurance Corp, or LIC, saw its September quarter profit jump 31% to over 10,000 crore. This growth was fueled by its core business and improved margins. While premium growth faced a temporary dip due to GST benefits, LIC anticipates a strong second half. The company is focusing on profitable products and passing on GST benefits to customers.
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News and Media
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