ICICI Prudential Mutual Fund’s new Conglomerate Fund targets India’s largest promoter-led business groups, betting on their structural strength and diversified earnings for long-term wealth creation. The fund will balance mature cash generators with emerging growth engines, employing a dual-lens framework of structural strength and cyclical opportunity.
Fed’s rate cut well received by global markets: Mitul Kotecha
Global equities rallied after the US Federal Reserve’s 25-basis-point rate cut, though future moves remain uncertain due to a divided Fed stance. The central bank