SBI Funds raises Rs 2,663 crore from anchor investors ahead of IPO

Despite paying ₹40 lakh and taking possession of his apartment on February 25, 2017, a Bengaluru homebuyer says he has been waiting for more than six years for basic amenities that were promised by the builder, including Cauvery water, BESCOM electricity meters and DG generator power supply. Alleging that the builder also failed to hand…

Shares of Data Patterns India fell nearly 7% to Rs 4,158 apiece on the BSE on Friday after the company reported weak Q1 results. The defence electronics firm’s net profit declined 14% year-on-year to Rs 22 crore in the first quarter, compared with Rs 25.5 crore in the corresponding period last year. However, revenue from…

A sudden drop in your credit score can be alarming, particularly if you’ve never missed a loan EMI or credit card payment. While delayed repayments remain the biggest reason behind a lower score, they are not the only one. Incorrect reporting by a lender, unauthorised credit enquiries or even identity fraud can also affect your…

Shares of IT majors Infosys, TCS, HCL Tech, Tech Mahindra, and others rallied up to 3.3% on Friday, buoyed by a better-than-expected first quarter from Tech Mahindra. Infosys led the gains among IT stocks, rising 3.3% to Rs 1,117, while HCL Tech climbed 3% to Rs 1,221. Tech Mahindra advanced 3.4% to Rs 1,563, and…

South Korea’s AI-fueled stock boom is turning into a cautionary tale of what happens when leverage becomes a more powerful market force than the fundamentals. SK Hynix Inc.’s record 15% plunge Monday compelled managers of leveraged products tied to the country’s chipmakers to sell billions of dollars of stock, transforming what began as a global…

For salaried employees covered by the Employees’ Provident Fund (EPF), the Universal Account Number (UAN) is an essential identifier for helping in managing retirement savings. The UAN is a 12-digit number that is allotted by the Employees’ Provident Fund Organisation (EPFO). It serves as an umbrella for the different member IDs that may be allocated…