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The Securities and Exchange Board of India (Sebi) has revamped mutual fund scheme classifications, mandating uniform naming conventions and eliminating the solution-oriented category. New rules also cap portfolio overlaps for thematic equity funds, potentially leading to consolidation and impacting arbitrage fund returns. These changes aim for investor clarity and scheme uniformity.
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News and Media
The National Stock Exchange has invited 15 investment bankers to pitch for managing its upcoming IPO, with JPMorgan Chase and Kotak Mahindra Capital among those in contention. The exchange is expected to file its draft red herring prospectus in April, with existing shareholders likely to offload 4-4.5% of equity. This move follows SEBI's no-objection certificate, ending a decade-long regulatory hurdle.
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News and Media
Capillary Technologies India's stock has fallen 35% from its peak due to AI threats and a muted December quarter. The company, which offers a SaaS platform for customer engagement, faces potential revenue and profit contraction. Despite management's optimism about AI's role in analytics and campaign management, investors are concerned about its impact on the business model.
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News and Media
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