Godrej Industries launches wealth management company
Godrej Industries has launched Godrej Wealth, its new wealth management arm, targeting ₹1 lakh crore in assets under management by 2031. The platform will cater to affluent and high net worth individuals with investable assets of ₹2 crore and above.
Sebi panel weighs cap on clearing house dividends
Regulators are considering new rules for stock exchanges. A plan to limit dividends from clearing houses is gaining traction. Other proposals aim to bolster the financial health of these crucial market entities. These measures seek to enhance stability in the securities market. Discussions are ongoing to finalize these important changes.
Nifty IT logs best run in a year at 4%; TCS, Infosys lead way
Indian IT stocks surged for a third consecutive day. The Nifty IT index saw its largest single-day gain in a year. This rally is supported by improving global software sentiment and expanding enterprise AI adoption. Factors like rupee depreciation and strong orderbooks also contribute. Analysts anticipate further upward movement in the IT benchmark.