ICICI Pru AMC Q3 Profit Jumps 45% to Rs 248 Crore
ICICI Prudential Asset Management Company reports a strong 45% year-on-year increase in net profit for Q3 FY25, reaching Rs 248 crore, driven by robust growth in assets under management.
ICICI Prudential Asset Management Company reports a strong 45% year-on-year increase in net profit for Q3 FY25, reaching Rs 248 crore, driven by robust growth in assets under management.
Groww, the popular investment platform, plans to sell a 23% stake in its asset management subsidiary to raise capital for expansion and new initiatives.
Moving abroad requires careful financial planning to avoid tax issues and penalties. This guide covers banking changes, asset management, and compliance steps for a smooth transition to NRI status.
Global firms Macquarie, Actis, and Sembcorp are evaluating bids for a 50% stake in Gentari's India renewable energy business, valued at $2-2.5 billion.
State Street Global Advisors invests ₹580 crore in Groww Asset Management Co. The deal includes secondary and primary capital, diluting Billionbrains' stake by up to 23%.
Mohali Municipal Corporation restructures waste management into six zones post-delimitation. New RMC points planned to tackle rising waste. Read about the sanitation overhaul.
Prudential Financial's PGIM is exploring a sale of its loss-making Indian asset management business, acquired from Deutsche Bank in 2015, as rivals like BlackRock double down on the market. Sign up for key market insights.
SEBI postpones new mutual fund distributor incentive scheme to March 1, 2026, to boost investment from B-30 cities & women. Details on commission structure inside.
SEBI defers new mutual fund distributor incentive scheme to March 1, 2026. The plan targets new investors from B-30 cities and women investors nationwide. Get the details.
SEBI defers new mutual fund distributor incentive scheme to March 1, 2026, giving AMCs more time. Plan aims to boost investors from B-30 cities and women. Read details.
Jefferies presses to question First Brands founder under oath amid a $715M invoice scandal. The legal battle intensifies as the former CEO cites the Fifth Amendment. Read the full details.
Michael Burry, famed for predicting 2008 crisis, warns US AI strategy reliant on Nvidia's power-hungry chips is flawed. He reveals billion-dollar bets against Nvidia and Palantir.
UAE's new laws bring clarity for expats on inheritance, asset distribution, and wills. Learn how Federal Decree-Law No. 51 of 2024 impacts your finances and family's future.
Macquarie Asset Management commits an additional £245 million to UK's Southern Water, finalising a year-long rescue deal to prevent a credit downgrade and upgrade infrastructure. Read the full story.
Discover the top-performing multi-asset allocation mutual funds that delivered up to 22.61% annualised returns in 2025. Learn why past performance is crucial but not a guarantee for future gains.
Edelweiss Financial Services completes divestment of 10% stake in its asset management business to WestBridge Capital. Deal values Edelweiss Asset Management at ₹3,000 crore. Read details.
A new wave of activist investors, led by HoldCo, is targeting US regional banks like Comerica & KeyCorp. Trump's deregulation could fuel more campaigns in 2026. Read the full analysis.
Despite volatile markets in 2025, Indian mutual fund AUM grew to Rs 80.5 trillion. Multi-asset funds delivered 16% returns, while new income-plus-arbitrage funds gained tax-savvy investors. Discover key trends and what to expect in 2026.
India's ETF market crosses ₹10 lakh crore in assets, driven by surging retail participation and growing demand for gold and silver ETFs. Discover how this shift impacts investors.
Delhi government mandates all land-owning departments to submit property details for DAMIS, a centralised online system aimed at preventing encroachments and improving asset management.
Indian mutual funds express concerns over Sebi's proposal for performance-based expense ratios, citing calculation complexity and revenue uncertainty. Key industry voices weigh in on the challenges.
Jefferies starts Groww with Rs 180 target, IIFL bullish on Firstsource, Macquarie rates Lenskart outperform. CLSA holds Voltas, Goldman buys Max Healthcare. Key stock market insights.
Inox Clean Energy Ltd acquires Vibrant Energy's 1337 MW renewable portfolio from Macquarie, boosting its capacity target to 10 GW by FY28. Read the full details.
ICICI Prudential AMC's blockbuster IPO lists at a 20% premium, making it India's most-valued asset management company with a market cap of nearly Rs 1.28 lakh crore. Discover the key details and market impact.
Enforcement Directorate attaches properties of cricketer Yuvraj Singh, actor Sonu Sood, and others in a high-profile betting case. Read the full details and implications.
Mirae Asset Mutual Fund & Mint's investor programme urged women to start early, leverage compounding & diversify beyond gold. Experts Suranjana Borthakur & Nisha Sanghavi shared actionable strategies.
ICICI Prudential AMC made a blockbuster stock market debut, listing at a 20% premium. The IPO was subscribed 39 times. Read full details on the listing, broker views, and financials.
SEBI's new mutual fund TER reforms enhance investor transparency and returns. Near-term pressure on AMCs expected, but long-term benefits for retail investors are significant. Learn the details.
A CAG report criticizes Karnataka for delays in creating a flood and landslide action plan, urging better disaster authority function. Read the key findings.
Sebi has cut mutual fund expense ratios on Dec 17, 2025, responding to AMC concerns. Learn what this means for your investments and the market.