Seven equity mutual funds saw an AUM decline of over Rs 3,000 crore in February, with Nippon India Small Cap and HDFC Mid-Cap Opportunities Fund leading the drop. Overall, 605 of 664 funds posted losses.
Bain Capital has agreed to acquire joint control in Manappuram Finance by investing Rs 4,385 crore for an 18% stake. The transaction will trigger an
Infosys and Wipro ADRs fell after Accenture raised the lower end of its annual revenue forecast, reflecting strong demand for AI and cloud migration services.
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