German firm DWS Group is acquiring a 40% stake in Nippon Life India Asset Management's alternatives business. This partnership aims to expand operations in alternatives, active, and passive assets. The companies will also jointly launch passive products. A global distribution arrangement is planned for India-focused mutual funds. The alternatives sector in India is poised for significant growth.
The Securities and Exchange Board of India (Sebi) is proposing a separate, concise offer document summary to improve retail investor engagement in IPOs. This initiative aims to make key disclosures more accessible, reducing reliance on unregulated information sources. Sebi is also streamlining the process for pre-IPO pledged shares.
Mahindra & Mahindra is entering the life insurance sector through a 50:50 joint venture with Canada's Manulife, committing up to 3,600 crore each. Operations are expected to launch within 15-18 months of regulatory approval, with a focus on underpenetrated rural and semi-urban markets. The venture aims for break-even around the tenth year.
The Trump administration on Thursday announced frameworks for trade deals with four Latin American countries, which senior officials said will include tariff relief on coffee and bananas.
The Trump administration on Thursday announced frameworks for trade deals with four Latin American countries, which senior officials said will include tariff relief on coffee and bananas.
Deborah Norville, the former Chicago star who became the longest-serving female anchor in TV history at Inside Edition, is ready to try something different: game show host.
