Canara Robeco Asset Management Company is set to raise ₹1,326 crore via an offer for sale, reducing its promoter stake to 75%. The equity-driven fund house, with 92% of assets in equity schemes, faces earnings sensitivity to market volatility. Despite a lower profit margin than peers, its IPO valuation is positioned for long-term, high-risk investors.
US stocks: US market drops as Trump’s rejection of Iran peace plan lifts oil prices
Following President Trump’s dismissal of Iran’s peace proposal, US market indexes experienced a downward trend, spurred by a notable surge in crude prices. This escalation