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TPG nears deal to buy 30-40% stake in Nirmal Jain’s IIFL Capital, open offer likely

Global private equity giant TPG is reportedly in advanced discussions to acquire a significant 30-40% stake in Nirmal Jain's IIFL Capital. This potential deal,...

HDFC AMC, Canara Robeco, other AMC shares rise up to 8.5% after SEBI revises expense ratios

The Indian mutual fund industry witnessed a significant uplift recently as shares of several Asset Management Companies (AMCs) soared, with prominent players like HDFC...

As mutual fund assets top Rs 80 trillion, SEBI chief calls out low financial literacy

India’s mutual fund industry has achieved an astounding milestone, with assets under management (AUM) soaring past the Rs 80 trillion mark. This remarkable growth...

SEBI bars Prabhudas Lilladher from taking new clients for 7 days over compliance lapses

India's capital markets regulator, the Securities and Exchange Board of India (SEBI), has taken decisive action against prominent stockbroking firm Prabhudas Lilladher Pvt. Ltd.,...

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