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

Markets regulator Sebi has replaced the existing US dollar-denominated registration fee for Foreign Portfolio Investors (FPIs) and Foreign Venture Capital Investors (FVCIs) with a rupee-denominated fee structure. To implement the change, the Securities and Exchange Board of India (Sebi) has amended the rules governing FPIs. The revised provisions will come into effect after six months,…

A small-town family business in the US has created headlines after sharing a massive part of its sale proceeds with its workers. Fibrebond, a Louisiana-based electrical equipment company, was sold for $1.7 billion, and former owner Graham Walker ensured that 540 employees received a combined $240 million from the deal. The payout means each full-time…

  Introduction: In this article, I’ll delve into the essential aspects of understanding the eligibility criteria for a Flexi Loan, a versatile financial product offered by many banks and financial institutions. Flexi Loans are a popular choice for individuals seeking flexible borrowing options, but to access this financial tool, meeting certain criteria is imperative. Credit…

Bank holidays next week: Private and public sector banks in India will remain closed for four days in the upcoming week between 13 to 19 July, 2026. The Reserve Bank of India (RBI) has listed a total of 12 holidays in July due to national, regional, and religious holidays. This include the weekend holidays for…

NEW DELHI: The government may keep an outlay of Rs 7,500 crore under the production linked incentive scheme for IT hardware products like personal computers, laptops, tablets and servers, according to a source aware of the development. Foreign companies looking for incentives under the scheme may have to invest Rs 500 crore over four years,…

One of the key goals of wealth creation is to meet your financial goals. The process gets simpler when your financial goal is specific, time-bound and defined by a number. Suppose you want to accumulate ₹1 crore over a period of 10 years, and intend to achieve it by investing your funds in mutual funds….