LIC Mutual Fund is lowering maturities across debt schemes and investing in up to five-year notes, as India’s rate cut-led bond market rally is largely over, chief investment officer at the asset manager said on Thursday.
The Securities and Exchange Board of India has approved IPOs for four companies, including Avaada Electro, Brookfield-backed Avaada Group’s solar PV manufacturing arm. Chennai-based Grand
Gautam Adani has officially claimed the title of Asia’s wealthiest individual, overtaking Mukesh Ambani with a net worth of $92.6 billion as of April 16.
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