Mutual funds cut cash holdings by Rs 13,000 crore in June to Rs 2.04 lakh crore, with PPFAS and Unifi maintaining highest cash-to-AUM ratios for strategic flexibility and redemptions.
Bank of America Securities upgraded Swiggy to buy, citing its stronger balance sheet after a major fundraise, rising cash generation in food delivery, and potential
ICICI Prudential AMC’s IPO, valuing the company at Rs 1.07 lakh crore, puts it nearly level with HDFC AMC, reflecting its rise as a co-leader
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