ICICI Prudential AMC’s IPO, valuing the company at Rs 1.07 lakh crore, puts it nearly level with HDFC AMC, reflecting its rise as a co-leader in India’s fast-growing asset management industry. With the largest equity AUM, rapid profit growth and an unmatched distribution network, the fund house commands premium valuations. But rich pricing, tighter Sebi rules and intensifying competition leave little margin for error.
L&T wins ₹5,000-10,000 cr ‘major’ order to build 3 battery storage projects in Middle East
Larsen & Toubro said its renewables business has won a major order in the Middle East to develop three battery energy storage system projects with