SBI Funds Management debuted on the stock market at a premium price. The company raised over ₹9,813 crore through its initial public offering. SBI plans no further stake dilution in the asset management company. The fund house is investing in new Alternative Investment Funds capabilities. SBI Funds aims to expand its reach into B30 markets.
Gold nears two-week high as Fed outlook, Middle East conflict stay in focus
Gold prices climbed to a two-week high amid technical buying and Middle East tensions. Investors await the Federal Reserve meeting for interest rate outlook clues.