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Groww, a leading online brokerage, is set to launch its Initial Public Offering in the first week of November. The IPO aims for an $8 billion valuation. This move follows a strong financial performance and rapid client acquisition. Groww’s diversified services offer a buffer against industry regulatory challenges.Read More

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The Federal Reserve has again cut interest rates by a quarter percentage point, citing a softening labour market and rising employment risks. Policymakers also announced an end to shrinking their asset portfolio by December 1. While economic growth is described as moderate, inflation remains elevated.Read More

Markets edged higher, anticipating the US Fed’s policy outcome and a shift to corporate earnings. Analysts expect the uptrend to continue with Nifty eyeing record highs, advising a selective approach. Several companies like PB Fintech, L&T, and Hero MotoCorp are in focus due to strong Q2 results and expansion plans.Read More

Blackstone may convert Federal Bank warrants early if capital adequacy drops below 13.5%, according to MD KVS Manian. The bank’s current capital adequacy is 15.7%, but acquisitions could trigger this early conversion clause. Blackstone is set to acquire 9.99% in the bank for ₹6,197 crore.Read More

While discussions with potential investors are still at an early stage, the size of the proposed Swiggy QIP, currently at $1 billion, could go up to as high as $1.5 billion, said another person aware of the fundraising. If the placement goes through, Swiggy will be able to increase its domestic shareholding as it considers...Read More

PhonePe, India’s most valuable fintech company, has raised $600 million of new funding from General Atlantic (GA) as it gears up for a local listing early next year. The latest investment reinforces its commitment to back the homegrown consumer internet company even as diversification of income streams has proved harder than expected in a competitive...Read More

Mutual fund fees and brokerage caps proposed by the capital markets regulator sent shares of brokerage firms and asset management companies tumbling. Investors fear a significant hit on revenues and profitability, with Jefferies estimating a 30-33% earnings impact on some AMCs. Mutual fund officials anticipate brokerages and distributors will bear the brunt of these changes.Read More

Asian stocks showed mixed movement. Federal Reserve Chair Jerome Powell indicated that further interest rate cuts are not guaranteed. This led investors to adjust their expectations for easing. Markets are now awaiting policy signals from the Bank of Japan and the European Central Bank. Attention is also on the upcoming meeting between President Donald Trump...Read More