Newly listed Canara Robeco AMC shares fell 11.3% to ₹311 after posting muted Q2 results. Net profit dipped 2% to ₹49 crore, while revenue rose 3% to ₹107.7 crore year-on-year.
New fund offer collections by asset management companies fell significantly. Funds raised through new fund offers reached a five-year low in June. This sharp decline
Foreign investors reduced holdings in top private banks over the past year. They increased stakes in select public sector lenders, showing a notable shift. This
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