Two banks have already shown interest. Bank of Baroda and ICICI Bank’s applications have come, Axis Bank’s is a work-in-progress, and a consortium led by Union Bank and Daiichi is also exploring participation, PFRDA chairman Sivasubramanian Ramann said.
India has reclaimed its position as the sixth largest economy by market capitalization. This shift occurred as South Korea’s market cap saw a significant drop.
AI giant OpenAI has confidentially filed for a US initial public offering. This move follows rival Anthropic’s similar filing. Investors are keenly watching these developments
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