ICICI Prudential AMC’s Rs 10,602 crore IPO opens for subscription on December 12. This is a pure offer for sale by its UK partner. The offer closes on December 16. The company manages significant assets and shows strong profitability. Brokerages recommend subscribing for long-term investment. Valuations are considered fair, with modest listing expectations.
Localisation lens on 500 most-imported items: DPIIT analysing data; move aims to reduce country’s import bill
The Indian government is scrutinizing over 500 imported products, including machinery, fertilizers, and electronics, to identify opportunities for domestic manufacturing and reduce reliance on foreign