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Mumbai: The ₹9,813-crore initial public offering (IPO) of SBI Funds Management, India’s biggest asset manager by some distance, is a tale of multiple eye-popping superlatives. The biggest IPO of 2026 is also the most subscribed ever among billion-dollar domestic issues, with investors bidding nearly 42 times the shares on offer by the money manager that…
Mumbai: The Indian rupee ended modestly weaker on Thursday, even as oil prices continued to hover in the $85 per dollar range and the dollar index fell to below 100.50 levels. The rupee closed at 96.35, nine paise weaker from its previous close of 96.26 as consistent dollar demand continued to pressure the currency. The…
Chip stocks pulled the Nasdaq and the S&P 500 lower on Thursday as they continued to lead broader market moves despite generally upbeat U.S. economic data and a strong start to second-quarter earnings season. Among the 11 major sectors in the S&P 500, technology was one of the biggest percentage losers, with semiconductor stocks weighing…
The 8th pay commission is expected to make decisions that significantly impact the salaries of central government employees and pensioners, including railways and defence personnel. Constituted every 10 years, its recommendations are likely by mid-2027. The announcement is set to affect as many as one crore beneficiaries — about 50 lakh central government employees, and…
The public provident fund (PPF) is a top choice when it comes to long-term financial planning. Launched by the Centre in 1986, it is a reliable, low-risk government backed savings scheme with consistent and guaranteed returns and can be used to meet financial goals such as funding of wedding, children’s education abroad, buying a house,…
Livemint For about a decade, Livemint—News Desk has been a credible source for authentic and timely news, and well-researched analysis on national news, business, personal finance, corporates, politics and geopolitics. We bring the latest updates on all the listed companies on BSE and NSE, startups, mutual funds, Union ministries, geopolitics, and untapped human interest stories…
Income-tax returns: The I-T department has notified all its ITR forms for assessment year 2026-27 i.e. financial year 2025-26 (AY27 / FY26) and enabled Excel Utility for the ITR-1 (Sahaj), ITR-2, ITR-3, and ITR-4 (Sugam), ITR-5 and ITR-7 online forms. Availability of excel utility means that you can prepare your returns offline before filing in…
US listed Abbott Laboratories shares jumped 12% after the healthcare company reported stronger second-quarter sales and raised its full-year earnings outlook. The company said second-quarter sales rose 13% on a reported basis and 4.8% on a comparable basis. Abbott reported GAAP diluted earnings per share of $0.53, while adjusted diluted earnings per share came in…
Short sellers targeting SpaceX shares are sitting on an estimated $8.7 billion in paper profit since the rockets-to-AI firm’s initial public offering last month, as its stock slipped below the IPO price, according to data and analytics firm Ortex Technologies. Short sellers, who borrow shares to sell them and later buy them back at a…
London: The first zero-duty consignments of Indian jewellery and coffee have landed in the UK following the implementation of the landmark India-UK Comprehensive Economic and Trade Agreement (CETA). The pact came into force on July 15.The India-UK CETA was celebrated at the High Commission of India in London with a display of some of the…