SBI Mutual Fund Surpasses ₹10 Lakh Crore in AUM: A Milestone in the Financial Sector SBI Mutual Fund, a prominent player in India’s asset management industry, has recently achieved a significant milestone by surpassing ₹10 lakh crore (₹10 trillion) in assets under management (AUM). This landmark achievement positions SBI Mutual Fund as the largest mutual…
SEBI Issues New Guidelines to Enhance Credit Rating Agency Operations Introduction The Securities and Exchange Board of India (SEBI) has recently issued new guidelines aimed at enhancing the operations of Credit Rating Agencies (CRAs). These guidelines are part of SEBI’s ongoing efforts to improve transparency, accountability, and reliability in the credit rating process, which is…
Kotak Mahindra Bank Share Plunges 10% on RBI Action The stock market was rife with activity as Kotak Mahindra Bank, one of India’s leading private sector banks, witnessed a significant dip in its share prices by 10%. This plunge came in response to regulatory action taken by the Reserve Bank of India (RBI) regarding the…
SEBI Gives Nod to Appoint Pramod Agrawal as BSE Chairman The Securities and Exchange Board of India (SEBI) recently granted approval for the appointment of Pramod Agrawal as the Chairman of the Bombay Stock Exchange (BSE). Agrawal, an experienced professional with a profound understanding of financial markets, is set to assume this crucial role, steering…
FPIs Offload Indian Stocks Worth Rs. 7,702 Cr in Year’s Biggest Single-Day Sell-Off In recent news, Foreign Portfolio Investors (FPIs) have made a significant move in the Indian stock market by offloading stocks worth a whopping Rs. 7,702 Crores in a single day, marking this year’s most substantial single-day sell-off. This news carries substantial importance…
