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The Securities and Exchange Board of India (Sebi) is investigating the surge in thematic mutual fund launches, which raised about 80,000 crore in 2024. Sebi chairperson Madhabi Puri Buch mentioned an incentive-driven arbitrage in the proliferation, with thematic funds now managing assets worth 4.63 lakh crore.
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Godrej Industries saw a significant increase in its stock price, jumping 13.2% on Friday and up 38% over the past five trading sessions, following better-than-expected third-quarter results. The company reported a 90% yearly growth in consolidated profits and a 34% increase in revenue from operations.
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Dubai-based Bybit said it could afford to reimburse customers and that it was working to find the hackers.
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