5 dead as rain brings Bengaluru to its knees

At least five people were killed in separate rain-related incidents on Tuesday in Bengaluru, which has been reeling under incessant rains for the past three days causing widespread flooding in......

PMS players breach threshold, set to have non-EPFO assets of over Rs 10 trn

When star mutual fund managers quit their jobs to start their own ventures, they have often begun their new innings by becoming portfolio management service (PMS) providers. Illustration: Dominic......

Market regulator Sebi extends MF expense structure to new asset class

SIF, which was first proposed by Sebi in July 2024 aims to fill the gap between MFs and portfolio management services. Illustration: Dominic Xavier/Rediff.com Specialised investment fund (SIF), a......

Three firms seek CCI nod to acquire stakes in Akasa Air

Tech tycoon Azim Premji's global investment arm, Manipal Group Chief Ranjan Pai's family office and 360 ONE Asset have sought approval from fair trade regulator CCI to acquire stakes in domestic......

FPIs' incessant selling continues; withdraw Rs 7,300 cr

The exodus of FPIs from the Indian equity markets continued unabated, as they withdrew over Rs 7,300 crore (about $840 million) in the first week of this month due to global trade tensions, with......