TikTok’s Chinese owner ByteDance Ltd. has signed binding agreements with three major investors to sell just over 80% of US assets to American and global investors to avoid a US government ban. Under the TikTok US sale terms, ByteDance will license its AI recommendation technology to a newly created US TikTok entity, which will use […]
SEBI has reduced the fee paid by domestic mutual funds to brokerages, while while also slashing the basic management charge in one of the most sweeping changes to its mutual fund regulations. SEBI’s new mutual fund regulations are designed to reflect the current digital era of investing while making the cost of mutual funds more […]
New Delhi, Dec 11 (PTI) Market regulator Sebi has broadened the definition of “strategic investor” for REITs and InvITs, aimed at widening investor participation in their public issues. Sebi has broadened the definition of “strategic investor” for REITs and InvITs, aimed at widening investor participation in their public issues. (Photo for representational purposes only) (Shutterstock) […]
Meesho Ltd. has faced a major setback a day before its IPO opened, as several investors pulled out of its anchor placement over preferential allotment to SBI Funds Management Pvt. Ltd. Meesho generated ₹1,032 crore in free cash flow in the fiscal ended 31 March 2025—the highest among listed e-commerce firms in India. (AI Image) […]
Japan’s two-year government bond auction drew solid demand on speculation the Bank of Japan isn’t rushing into the next interest rate increase. The auction comes 24 hours after the Bank of Japan’s first monetary policy decision under new Prime Minister Sanae Takaichi, who is seen as an advocate of relatively low rates. (AFP) The bid-to-cover […]
After mixed quarterly earnings from Tata Consultancy Services Ltd. and HCL Technologies Ltd., the focus now shifts to Infosys Ltd. and Wipro Ltd. which are going to report their second-quarter results today. Infosys CEO Salil Parekh. (ANI) Investors will watch for signs of stability in an IT sector marred by US H-1B visa shock as […]
