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HDFC AMC shares declined 3.5% after a profit booking session, following a 7% rally the previous day triggered by SEBIs overhaul of mutual fund expense regulations. The new framework introduces the Base Expense Ratio (BER) and separates statutory and regulatory levies, providing greater transparency but raising questions about long-term profitability for asset managers.
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Jefferies has initiated coverage on Growws parent Billionbrains Garage Ventures with a Buy rating, citing strong client growth, rapid product expansion and margin potential. The brokerage expects robust earnings growth driven by new offerings, operating leverage and a strategy similar to Robinhoods scalable, product-led model.
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Andrew Bailey says workers need to be trained to move into jobs that use AI, but adds it might not lead to mass unemployment.
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News and Media
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