Nuvama Wealth Management secured Sebi approval for its mutual fund business. This enables Nuvama to establish the proposed Nuvama Mutual Fund. The company can now launch various investment schemes. This includes Specialized Investment Funds. Final registration depends on fulfilling Sebi requirements. Nuvama had applied for this sponsor approval in January.
Big US bank stocks head for longest weekly losing streak since 2008
Major US banks are experiencing their longest weekly losing streak since the 2008 financial crisis, driven by mixed quarterly earnings and rising inflation. The KBW