Sebi clears LIC’s reclassification as public shareholder in IDBI Bank amid divestment plan
Sebi has approved LIC’s reclassification as a public shareholder in IDBI Bank, subject to conditions like capping voting rights at 10% and reducing its stake to 15% within two years. The move follows the strategic disinvestment plan, with IDBI reporting 17% YoY net profit growth in Q1 FY26.
AMFI inks pact to train postmen as MF distributors
To enhance mutual fund distribution in remote regions, Amfi partnered with the Department of Posts to train one lakh postmen. This collaboration, marked during Amfi’s 30th foundation day, aims to deepen financial literacy and broaden the reach of mutual fund products nationwide. Sebi officials and industry leaders attended the event, highlighting the initiative’s significance.
Only 2 passive mutual funds will open for subscription this week. Check details
Two passive mutual funds from SBI and Zerodha open for subscription this week: Zerodha Nifty Smallcap 100 ETF and SBI Dynamic Asset Allocation FoF, catering to different investment needs.
Trump’s Ukraine diplomacy and its ripple effect on precious metals markets
Trump’s renewed diplomatic push to end the Russia-Ukraine war has heightened uncertainty for gold and silver. A ceasefire could reduce the geopolitical premium, but failure may push bullion to new highs, with central banks and investors boosting demand amid inflation, tariffs, and currency risks.
These 11 penny stocks tumbled up to 50% in just a month — are you affected?
In the past 1-month, 11 penny stocks have seen sharp declines, falling between 20% and 50%. These underperformers were identified using a targeted screening approach, focusing on stocks with a market capitalization below Rs 1,000 crore, a share price under Rs 20, and a minimum recent trading volume of 5 lakh shares. This strategy is […]
12 SME IPOs soared 100-400% in 2025 so far— do you own any?
In 2025, 12 standout SME IPOs delivered stellar returns of 100–400%, with Fabtech Technologies, Adcounty Media, and Flysbs Aviation among the top gainers, reflecting strong investor appetite.
Diagnostics company Molbio files DRHP with Sebi for an IPO
Molbio Diagnostics, a Goa-based POC diagnostics company, filed its DRHP to raise Rs 200 crore via fresh issue and 1.25 crore shares through OFS. Its patented ‘Truenat’ PCR platform enables rapid decentralized testing. FY25 revenue stood at Rs 1,020 crore, PAT Rs 138.5 crore. Promoters include Sriram family and Exxora Trading.
SBMC receives RBI nod for 25% stake acquisition in Yes Bank, not to be classified as promoter
The Reserve Bank of India (RBI) has approved Sumitomo Mitsui Banking Corporation’s (SMBC) acquisition of up to 24.99% stake in Yes Bank, though SMBC won’t be classified as a promoter. This follows SMBC’s plan to increase its holding to 20% through a secondary purchase from State Bank of India and seven other shareholders.
F&O Talk| Nifty rally stalls at key Fibonacci hurdle, Bears return at higher levels: Sudeep Shah
Markets closed higher for the second week, boosted by GST reform optimism, though profit booking trimmed gains. FIIs continued selling, but DII support cushioned the impact. Analyst Sudeep Shah suggests Nifty faces resistance at 25050-25100 and support at 24650-24600, while Bank Nifty lags, with consumer durables and auto sectors showing strength.
Nifty 50 rejig: Hero MotoCorp, IndusInd exit index to make way for IndiGo, Max Healthcare. Check details
The National Stock Exchange (NSE) has announced changes to the benchmark Nifty 50 index as part of its semi-annual review of broad market indices. The revisions were approved by the Index Maintenance Sub-Committee (Equity) of NSE Indices Limited and will take effect from September 30, 2025 (based on September 29 close).This periodic review is aimed […]