SBI Mutual Fund has filed its DRHP with Securities and Exchange Board of India for a high-profile IPO, which will be entirely an offer for sale by promoters State Bank of India and Amundi India. The listing comes amid strong growth in India’s mutual fund industry, driven by rising retail participation and SIP inflows.
Global Market Today: Asia stocks edge higher, oil up amid Gulf confusion
Asian share markets followed Wall Street higher after a soft US jobs report. Oil prices increased slightly due to stalled Gulf peace talks and shipping