SBI Funds Management raises ₹1,655 crore through pre-IPO placement

Madhusudan Kela-backed fund buys stake in IPO-bound Steamhouse India for Rs 40 crore

Ace investor Madhusudan Kela's funds, along with Niveshaay Sambhav Fund, have injected Rs 49.99 crore into Steamhouse India via a pre-IPO placement. This strategic investment positions these entities to hold nearly 3 of the company's pre-IPO equity. Steamhouse India, a Surat-based firm, operates a unique centralized steam supply model for industries and is preparing for its initial public offering.

Networking startup Upscale AI raises $190 million at a $2 billion valuation

Premji Invest led the round, which brings Upscale AI's total funding to 500 million in under 18 months

SBI Funds’ $1.2 Billion India IPO Launch in July to Test Demand

SBI Funds Management Ltd. is set to launch its initial public offering, which could raise up to 1.2 billion, in the week starting July 13, according to people familiar with the matter, testing investor demand ahead of a busy pipeline of billion-dollar listings in India.

Ram Kapoor Dismisses Fallout Rumours With Ektaa Kapoor

Ram Kapoor was introduced as one of the contestants on Lock Upp: Sach Ya Sazaa where he addressed the ongoing speculation

SBI wanted to replace Ram Temple cash-counting staff months before donation theft emerged: Sources

Before the alleged embezzlement of donations at the Ram temple in Ayodhya came to light, the State Bank of India (SBI) had reportedly raised concerns over the cash-counting staff and recommended their replacement, according to sources.The sources claimed that around three months ago, the bank suspected possible irregularities in the handling of donations collected from the temple's donation boxes. It is learnt that SBI advised that the staff assigned to the cash-counting unit should be removed.

WSBP Increases Its Contribution to National Infrastructure Development, Drives Improvements in Corporate Performance

Jakarta (ANTARA) - PT Waskita Beton Precast Tbk reported operating revenue of Rp808.07 billion in the first half ...

Nandan Nilekani leaves GP role at Fundamentum as it launches $200M third fund

Nilekani remains Fundamentum's anchor investor as the firm expands its leadership team and targets AI and fintech startups in India.

Champat Rai Questioned In Ram Temple Donation Theft Case; Nearly 140 People To Be Examined

In the ongoing investigation in the Ayodhya Ram Temple donation theft case, with the police recording the statement of ex Shri Ram Janmabhoomi Teerth Kshetra Trust General Secretary Champat Rai. Police sources said Champat Rai has already appeared before investigators and

Standard Chartered, BlackRock launch Asia Pacific-focused multi-asset fund

The fund will ​be made available to accredited and professional investors across the bank's priority, priority private and ‌private banking segments

From refinery to chip facility: PM to launch projects worth Rs 1 lakh crore today

From refinery to chip facility: PM to launch projects worth Rs 1 lakh crore today

Kenya: Kenya's WapiPay Gets Canada Licence for North America Expansion

[Daba Finance] WapiPay received a Money Services Business licence from Canada's Financial Transactions and Reports Analysis Centre, giving the Kenyan-founded fintech its first licensed operating presence in North America.

SICO Capital Named ‘Equity Fund of the Year’ at the 2026 GBM Middle East Awards

SICO Capital, licensed by the Capital Market Authority and a wholly owned subsidiary of SICO BSC (c), a leading regional asset manager, broker, and investment bank with a direct presence in Bahrain, Saudi Arabia, and the UAE, today announced that the SICO MENA Equity Fund has been named ‘Equity Fund of the Year’ at the [] The post SICO Capital Named ‘Equity Fund of the Year’ at the 2026 GBM Middle East Awards appeared first on Middle East News 247.

UAE Doubles Retail Sukuk After Orders Reach Nine Times the Offering Size

The UAE Finance Ministry received Dh445 million in orders on its first Dh50 million sovereign retail sukuk, nine times what was offered, and doubled the issuance. Nearly half of subscribers were women or investors under 25, writing new demographics into the Gulf's Islamic bond market.

Donation box to bank: Inside Ram temple cash trail

Donation box to bank: Inside Ram temple cash trail

Ondo Finance debuts SEC-aligned tokenized stock model with BlackRock ETF, Micron shares

Ondo Finance debuts SEC-aligned tokenized stock model with BlackRock ETF, Micron shares

SentryBridge Capital (SBC) together with its QMI 5.0 system officially launches in the Middle East market, opening a new era of intelligent investment

SentryBridge Capital (SBC) together with its QMI 5.0 system officially launches in the Middle East market, opening a new era of intelligent investment

Pakistan stock exchange sees surge in retail investors, signaling potential market shift

KARACHI: The Pakistan Stock Exchange (PSX) has seen a significant influx of retail investors, with active accounts surging 51 since January 2024. Data from the Central Depository Company (CDC) shows the market crossed 550,000 accounts, up from approximately 300,000 active accounts that had remained stagnant for years. The shift comes as digital brokerage platforms, shared ... Read more The post Pakistan stock exchange sees surge in retail investors, signaling potential market shift appeared first on BOL News.

ABG to secure shareholder approval for vend-in of two operating companies

MAKATI CITY, Philippines — Asiabest Group International Inc. (PSE: ABG) will seek shareholder approval during its Annual Stockholders’ Meeting on August 11 for the proposed vending-in of key operating assets

Major banks to offer financial support to Homeplus suppliers

SEOUL, July 8 (Yonhap) -- Major commercial banks on Wednesday announced financia...