SEBI’s new PMS framework could potentially double industry size over time: APMI Chairman Vikas Khemani
SEBI’s revised PMS framework introduces PRIM, expands investment options and lowers the entry threshold to ₹25 lakh. Industry leaders expect these changes to broaden PMS adoption, while global diversification, derivatives, independent fund managers and risk-adjusted performance gain importance for investors.
Prestige Group drops Rs 2,700 cr IPO plan for hospitality arm, cites bad market conditions
Realty firm Prestige Estates has withdrawn its IPO plan for its hotel business amid uncertain market conditions. The company initially aimed to raise Rs 2,700 crore through this public issue. A subsidiary, Prestige Hospitality Ventures Ltd, had filed a Draft Red Herring Prospectus with Sebi last year. The firm may consider reapplying for an IPO […]
FIIs unlikely to return in large numbers without new growth engines in India: Bernstein
Foreign Institutional Investors are expected to remain cautious regarding Indian equities over the coming year. A report indicates that significant foreign investment will depend on India’s competitiveness in various sectors. Trends show that foreign investment patterns have shifted due to changing currency valuations and market dynamics. Despite recognizing early progress in sectors like semiconductors and […]
ETMarkets Smart Talk | Rate-cut cycle over, RBI may be at cusp of rate hikes; yields could inch higher: Puneet Pal
PGIM India’s Puneet Pal expects India’s rate-cut cycle to end and policy rates to rise 50-75 basis points by FY27 amid higher crude and sticky inflation. He sees rising yields creating opportunities in high-quality corporate bond and target-maturity funds.
Deon Energy files draft papers with Sebi to raise funds via IPO
Deon Energy, an Ahmedabad-based solar EPC firm, is set to launch an IPO to gather capital. This offering will feature a fresh equity share issue coupled with a promoter’s sale of shares. The funds raised aim to establish a 30 MW solar power plant in Gujarat while also boosting working capital and covering essential corporate […]
Rupee likely to trade in Rs 94.5-96 range in near term as dollar inflows fail to lift currency: Report
The rupee is expected to fluctuate between Rs 94.5 and Rs 96 against the US dollar in the short term. Despite significant dollar inflows via FCNR deposits and external borrowings, substantial appreciation is elusive as these funds primarily bolster the Reserve Bank of India’s reserves. A variety of factors affect the rupee’s movement, indicating that […]
Aditya Birla Sun Life Mutual Fund suspends fresh subscription in 3 international funds
Aditya Birla Sun Life Mutual Fund has suspended fresh subscriptions in three international funds from September 24, 2026, after briefly reopening them. Existing systematic transactions continue. The funds have delivered strong recent returns, outperforming benchmarks over six months and three years, with combined assets under management of Rs 832 crore as of August 2026.
Nifty logs 7th straight weekly losses for the first time in 6 years: Time to be fearful, or can bulls pull off a comeback?
Indian equities extended their losing streak to seven weeks as elevated crude prices, rising US Treasury yields, geopolitical uncertainty and FII outflows pressured sentiment. Next week, investors will track oil, global yields, US economic data, Fed commentary, domestic growth indicators and key Nifty levels.
JSW One Platforms files draft papers for Rs 3,054 crore IPO
JSW One Platforms Ltd has submitted its draft documents to SEBI for a substantial IPO, targeting to generate Rs 3,054 crore. This offering comprises a fresh share issue of Rs 1,300 crore alongside an Offer for Sale totaling Rs 1,754.01 crore. Funds raised will enhance marketing, boost capital, upgrade technology, and support various corporate initiatives.
Biscuit maker Anmol Industries files for $188 million IPO
Anmol Industries has embarked on its journey to the stock market with an initial public offering planned at a valuation of up to 18 billion rupees. Established in 1994 and predominantly owned by the Baijnath Choudhary & Family Trust holding 84%, the company has demonstrated remarkable growth in both net profit and revenue.