British insurer Prudential offloaded a 4.5% stake in ICICI Prudential Asset Management for approximately $545 million ahead of its $1.2 billion IPO. Major investors, including Abu Dhabi Investment Authority and family offices, along with ICICI Bank, acquired these shares. The fund house’s IPO will see Prudential selling a 10% stake, with proceeds slated for shareholders.
Localisation lens on 500 most-imported items: DPIIT analysing data; move aims to reduce country’s import bill
The Indian government is scrutinizing over 500 imported products, including machinery, fertilizers, and electronics, to identify opportunities for domestic manufacturing and reduce reliance on foreign
May 31, 2026