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from Economic Times https://ift.tt/diDrWqM

SBI Mutual Fund, India's largest asset management company, has filed its draft red herring prospectus (DRHP) with market regulator Sebi for an IPO, which will be entirely an offer for sale (OFS) by its promoters. The offer will see the sale of up to 20.37 crore equity shares of face value Re 1 each, with no fresh issue component, implying that the company will not receive any proceeds.State Bank of India, the promoter, will offload up to 12.83 crore shares, while Amundi India Holding will sell up to 7.53 crore shares as part of the OFS. The weighted average cost of acquisition stands at Rs 0.15 per share for SBI and Rs 4.35 per share for Amundi. The total issue size in rupee terms has not yet been disclosed.SBI Mutual Fund operates as the investment manager to its flagship mutual fund business and also offers portfolio management services (PMS), alternative investment funds (AIFs) and offshore advisory services.The company serves over 1.6 crore unique investors as of December 2025 ...

from Economic Times https://ift.tt/g2sLNZi

If there is one learning from the ongoing Iran War, it is this: Now is the perfect time to revisit our energy transition strategy and increase the share of electrons in our economy. They are already a key power source for electricity for Indian households, but we need to cannonball efforts to make it a source for industrialisation -- to manufacture molecules, materials as well as machine learning.Till recently, “electro-states” or countries that are weaning away from their legacy fossil fuel addiction to create an economy that underpins electrification was an abstract concept rooted to a Utopian zero carbon future. But Iran’s strategy of hitting critical oil and gas infrastructure across the Gulf has exposed how inexpensive weaponry like drones can wreak havoc on global energy markets. The ongoing war in the Middle East should be a good window to power our imagination.You may follow our live coverage of the West Asia war hereA core metric of an electro-state is how much of total final ...

from Economic Times https://ift.tt/xC2tYOz

Options traders' fears of a U.S. stock market crash have pulled back nearly to levels seen before the U.S.-Israeli attacks on Iran that made oil prices soar. The Nations TailDex Index and ‌the Cboe ⁠Skew Index, ⁠two separate gauges that measure how much traders are paying for crash protection, have retreated to near where they stood before the February 28 strikes on Iran. The S&P 500 is still down 2% from pre-war levels. "TDEX is signaling that investors are now less worried about a "tail event," or a really steep drop in equity prices, than at any point since the war started," said ⁠Scott Nations, ‌president of Nations Indexes, an independent developer of volatility and option strategy index products. "Given the muted response from the S&P 500, this outlook makes ⁠sense, but it's an important metric to watch," he said. On Monday, the TailDex index was at 18.84, just below its closing level of 19.01 on February 27. The Cboe SKEW index finis...