The use of TREPS is becoming increasingly widespread, and as per PrimeMFDatabase, 89.71 percent of equity schemes had exposure to cash equivalents like TREPS, CBLO (Collateralized Borrowing and Lending Obligation), or reverse repos in July. In just two months, 18 additional equity schemes have begun using these instruments to manage cash positions. Mutual Funds…
Under the Bill, no bank or financial institution will be allowed to permit transfer of funds for online money gaming. The Union Cabinet, chaired by Prime Minister Narendra Modi, on Tuesday approved the Online Gaming Bill, which makes online betting a punishable offence. Sources told Business Today TV that the government will ban all “money-based…
Check how much you need to maintain in HDFC, SBI, Kotak Mahindra, among other private and public sector banks’ savings accounts amid ICICI Bank’s move to hike its minimum balance requirement to ₹50,000/month for its metro and urban branches. Minimum balance rule in banks: Banks in India have different slabs of monthly account balance…
The Adani Group is exploring a tieup with Chinese EV giant BYD Co. that would allow billionaire Gautam Adani’s conglomerate to manufacture batteries in India and extend its push into clean energy, according to people familiar with the matter. Adani is personally heading discussions with BYD executives, which have taken place as recently as…
India’s largest IT services firm, TCS, plans to lay off 12,261 employees—around 2% of its global workforce—this year. TCS will reduce workforce by 2% or 12,261 employees primarily in middle and senior grades Layoffs are skill and capability based, not driven by AI productivity gains IT Ministry is monitoring and emphasising employment growth and skilling…
NSDL’s IPO will open for subscription on July 30 and close on August 1, with anchor investor participation beginning on July 29. The issue which is a pure offer for sale aims to raise around Rs 4,011 crore. Investors of National Securities Depository Ltd (NSDL) have been taken aback after the company announced its…
In labour-intensive sectors, tariffs on Indian exports to the UK have been slashed to nil from up to 20 percent on marine products, 12 percent on textiles and apparels, 8 percent on chemicals, and 10 percent on baseline metals, the Indian government said. India and the UK sign the Comprehensive Economic and Trade Agreement in…
Edelweiss Mutual Fund rebalanced its equity portfolios in June 2025 with sharp thematic pivots. The fund house exited TCS and Voltas while adding TVS, IRCTC, Trent, and Vishal Mega Mart. Edelweiss Mutual Fund undertook a significant portfolio reshuffle across its equity schemes in June 2025, signalling a tactical tilt towards domestic consumption themes, niche…
“The interim dividend shall be paid on Monday, August 4, 2025, to the equity shareholders of the Company whose names appear on the Register of Members of the Company or in the records of the Depositories as beneficial owners of the shares as on Wednesday, July 16, 2025, which is the Record Date, fixed for…
The Rs 860-crore Crizac IPO, which comprises of solely offer-for-sale, will open for public subscription on July 2, and close on July 4. Kolkata-based Crizac, the international student recruitment solutions provider, has raised Rs 258 crore from 19 institutional investors through its anchor book on July 1, a day before the IPO opening. The Rs 860-crore…