MUMBAI: Markets regulator Sebi has given the green signal to the maiden public offer for ICICI Prudential Asset Management Co, one of the largest fund houses in India. Prudential Corp Holdings of the UK, the joint venture partner of ICICI Bank in the AMC, is selling part of its stake in the company to raise…
Markets have been taking a breather with profit booking in focus after hitting recent record highs. (AI image) Stock market today: Nifty50 and BSE Sensex, the Indian equity benchmark indices, opened in red on Tuesday on weak global cues. While Nifty50 was above 26,150, BSE Sensex was near 85,500. At 9:24 AM, Nifty50 was trading…
Unlimit has launched Stable.com, a decentralized clearing house built specifically for stablecoins, the fintech company said in a press release Tuesday. The firm said the service is the first to pair non-custodial stablecoin swaps with direct global off-ramps, aiming to make dollar-pegged tokens more practical and easier to use. Stable.com lets users trade among major…
Omnicom will lay off more than 4,000 employees and merge several prominent advertising agency brands following its $13 billion acquisition of rival Interpublic Group.The job cuts will primarily affect administrative roles, with some leadership positions also impacted, reported the Financial Times on Monday, citing company executives.Omnicom CEO John Wren said. “The financial benefits would surpass…
Gold prices eased on Tuesday as traders chose to cash in recent gains, mirroring the softer sentiment in overseas markets. The pullback ended the strong run in bullion seen in the previous session.On the Multi Commodity Exchange, the benchmark contract slipped to Rs 1,30,266 per 10 grams. The February 2026 futures also headed lower, giving…
NEW DELHI: The Centre on Tuesday clarified that the Sanchar Saathi App could be deleted by the user from their mobile phones, adding that the government’s job was only to “introduce this app to everyone”. The clarification came after a massive political row erupted over the government’s dictum to makers to pre-install the app in…
The government on Monday confirmed that there are no ongoing discussions or plans regarding the restructuring or combining of public sector banks.Pankaj Chaudhary, minister of state for finance, in a written reply to the Lok Sabha ruled out any such consideration and clarified, “presently, no proposal on merger or consolidation of Public Sector Banks (PSBs)…
Bajaj Housing Finance shares tumbled on Tuesday, hitting 52-week low amid buzz of a block deal.The firm’s stock price tumbled 9% to reach Rs 94.90 on the BSE following reports of a large block deal in which the firm’s promoter, Bajaj Finance, is believed to have offloaded 2.35% equity stake, valued at around Rs 1,890…
India’s main refiner, IOC, has maintained its procurement of non-sanctioned Russian crude over several weeks. (AI image) With major Russian oil firms Rosneft and Lukoil being sanctioned, India’s state-run oil refiners are now picking up non-sanctioned crude – and that too at lucrative discounts! US President Donald Trump sanctioned the two Russian crude oil majors…
Cambodia’s Huione Pay, a central node in the Huione family of financial companies targeted by U.S. sanctions, froze withdrawals on Monday and suspended business for more than a month, sparking panic among users who rushed to its headquarters seeking access to their savings, according to local media reports. Regulators and U.S. authorities have long warned…
