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Amidst regulatory actions impacting exchanges and brokers, money managers suggest asset management companies (AMCs) as a safer investment in India's capital markets. While broking stocks face potential degrowth, AMCs are expected to benefit from consistent inflows. Selective exposure to banking stocks with AMC subsidiaries is also recommended due to attractive valuations.
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State Bank of India (SBI) initiated a 25,000-crore share sale to institutional investors, marking the largest equity capital raise by an Indian entity since 2015. The indicative offer price ranged from 806.75 to 831.70 per share, with participation expected from LIC, financial institutions, and international investors.
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News and Media
Coca-Cola said they "appreciate President Trump's enthusiasm", without confirming they plan to make the tweak.
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News and Media
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