Markets regulator Sebi on Monday allowed mutual funds (MFs) to invest in overseas mutual funds or unit trusts that invest a specific portion of their assets in Indian securities.
Nvidia will replace Intel in the Dow Jones Industrial Average next week, a swap that reflects their reversal of fortunes within the tech industry. Sherwin-Williams will replace Dow Inc. as well.
The slowdown has, however, seen companies cut down on wholesales as many - particularly Maruti - claim to be "recalibrating" their dealer dispatches to pare down inventory levels.
The Central GST collection stood at Rs 33,821 crore, State GST at Rs 41,864 crore, Integrated IGST at Rs 99,111 crore and cess at Rs 12,550 crore during the month.
At the upper end, the valuation would represent only a modest premium to its $10.7 billion private market value from early 2022 falling short of recent valuations by mutual fund investors Invesco and Baron.
The certificate of authorization, effective from October 28, 2024, permits JPSL to manage digital transactions in compliance with Section 7 of the Payment and Settlement Systems Act, 2007.
The report said it aims to raise up to $1.35 billion (around ₹11,700 crore) in this much-anticipated listing. The company received SEBI approval for its IPO in September.
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