SBI Funds’ ESOPs mint fortunes for top executives
SBI Funds Management executives received significant value from employee stock options after the company’s listing. Joint CEO Devinder Pal Singh holds shares and outstanding options worth over ₹160 crore. Chief Investment Officer Srinivasan Rama Iyer’s stake and ESOPs together exceed ₹165 crore. Other senior officials also saw substantial gains from their allotted employee stock options.
FPIs stay in buying mode, consumer services lead sectoral inflows in first half of July
Overseas investors became net buyers in the first half of July, marking a strong inflow period. Consumer services, metals, and healthcare sectors attracted the most foreign investment. IT sector saw marginal buying after months of consistent selling by foreign investors. Banks also received significant inflows, continuing their positive trend from June.
RBI plans unified code for foreign investment in equity instruments
The Reserve Bank of India proposed new rules for overseas fund flows. These draft norms will replace existing regulations governing foreign investment. The framework clarifies eligible entities and defines foreign-controlled entities clearly. It also retains the distinction between direct and portfolio foreign investments. The proposed rules aim to streamline foreign investment into Indian markets.
SBI Funds makes strong D-St debut, ends 6.3% above IPO price
SBI Funds Management debuted on the stock market at a premium price. The company raised over ₹9,813 crore through its initial public offering. SBI plans no further stake dilution in the asset management company. The fund house is investing in new Alternative Investment Funds capabilities. SBI Funds aims to expand its reach into B30 markets.
FCNR(B): Data show banks have raised $20.7 bn under scheme; $10 bn more may flow in
The optimism follows RBI’s disclosure that banks have collectively garnered $20.7 billion under its special incentive window, a pace that has already eased earlier concerns the scheme was struggling for traction. Of the total, FCNR(B) deposits accounted for the largest share at $17.4 billion, mobilised within six weeks of the scheme becoming operational. This was […]
US stocks today: US stocks end higher as semiconductors surge amid Mideast war intensifies
Wall Street closed higher as semiconductor stocks rebounded sharply, lifting major indexes despite tariff tensions and Middle East risks. Investors are positioning ahead of key tech earnings, betting on AI-driven growth. Gains in 3M and Hasbro contrasted with declines in Danaher and MSCI, highlighting mixed corporate signals.
Anant Raj to demerge data centre arm into separately listed company
Anant Raj will demerge its data centre and cloud business into Ashok Cloud Pvt Ltd, creating a separately listed digital infrastructure company. The move aims to unlock shareholder value, support expansion to 307 MW by FY32 and strengthen its cloud services platform.
Sebi asks depositories to put in place operational framework to implement buyback rules from Aug 1
Market regulator Sebi has required tht depositories must implement a new promoter holding freeze mechanism by August 1. This framework will cover ISIN-level freezing and operational guidelines for companies.
Bandhan Bank Q1 profit jumps 35% as provisions decline sharply
Bandhan Bank reported a 35% rise in Q1 net profit to Rs 502 crore, driven by lower provisions despite weaker operating profit. Gross NPAs improved, advances grew 16%, while higher staff and technology costs, along with lower treasury income, weighed on earnings.
Bigger crash ahead? JPMorgan CEO Dimon says he won’t buy stocks at current prices, says markets underestimating risks
JPMorgan CEO Jamie Dimon warned that investors are underestimating geopolitical and fiscal risks, saying he would avoid buying stocks or US Treasury bonds at current valuations. Dimon also cautioned that massive AI spending may not deliver returns as quickly as markets expect amid escalating Middle East tensions.