SBI Funds Management has reduced the size of its IPO to Rs 9,813 crore from Rs 11,693 crore after raising about Rs 1,655 crore through a pre-IPO placement to 30 anchor investors. The issue will open for subscription on July 14 and close on July 16. The IPO is entirely an offer-for-sale (OFS) by State…
“We are driving in the fog, and it is extraordinarily difficult to anticipate what will happen next.” That alarmed voice is coming straight from the top of the economics profession. That’s Anton Korinek, a University of Virginia economics professor and one of the organizers of a statement signed this week by over 200 economists—including 16…
Artificial intelligence (AI) company Anthropic has officially introduced India-specific pricing for its premium Claude AI subscriptions, making it easier for users to pay in Indian rupees instead of US dollars. The move eliminates foreign currency billing for Indian customers and brings local pricing across individual as well as business plans. Claude AI Pricing in India…
Dependable Equities, an affiliate of Sky Equity Group, secured $54 million in pre-construction financing from CDK, with Valley National Bank serving as a participating lender to advance a residential development south of the New River, near downtown Fort Lauderdale. The financing, arranged by Daryl Hagler and Allen Weinstein of CDK Capital, will support the planning…
India’s markets regulator has imposed a two-year cooling-off period for former officials, barring them from representing clients before it in investigations, settlement proceedings and applications for fundraising or regulatory approvals, according to a government notification. The regulator also extended investment restrictions to employees’ family members, the notification, published on Saturday, said. The Securities and Exchange…
Yes, mortgage interest rates are higher today, but only by a little. The average interest rate on a 30-year, fixed-rate mortgage rose to 6.46% APR, according to rates provided to NerdWallet by Zillow. This is two basis points higher than Friday and seven basis points higher than a week ago. (See our chart below for…
Just one trading session after a highly successful U.S. listing for its depositary receipts, local shares in South Korean chip maker SK Hynix plummeted 15% on the domestic exchange in Seoul.
Key Points The recent public offering of Space Exploration Technologies, also known as SpaceX, has given Elon Musk fans another investment option to consider, as Tesla (NASDAQ: TSLA) now has to share the spotlight. And at a market cap of around $1.5 trillion, it is firmly behind the rocket company, whose valuation was north of…
Match2Pay on Crypto Payments, Stablecoins & Faster Broker Integrations Match2Pay on Crypto Payments, Stablecoins & Faster Broker Integrations Match2Pay on Crypto Payments, Stablecoins & Faster Broker Integrations Match2Pay on Crypto Payments, Stablecoins & Faster Broker Integrations Match2Pay on Crypto Payments, Stablecoins & Faster Broker Integrations Match2Pay on Crypto Payments, Stablecoins & Faster Broker Integrations Are…
The Employees’ Provident Fund Organisation is rolling out EPFO 3.0 to expand its digital services and online presence through an updated system that will allow subscribers to undertake paperless withdrawal or transfer of provident fund. The body’s move is envisioned to cut down wait time for employee provident fund and make it easier for members…