Groww IPO day 3: GMP softens to 11% reaching Rs 111; should you subscribe?

Groww IPO day 3: GMP softens to 11% reaching Rs 111; should you subscribe?

Groww’s initial public offering, through which the company plans to raise Rs 6,632 crore, has entered its final day of subscription. At the upper end of the price band, the issue values the investment platform at 33.8 times its FY25 earnings. As per BSE data, the IPO of Groww (Billionbrains Garage Ventures Ltd) has drawn…

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Stock market today: Nifty50 opens below 25,400; BSE Sensex down over 450 points

Stock market today: Nifty50 opens below 25,400; BSE Sensex down over 450 points

Market analysts indicate that the current phase shows consolidation with a downward tendency. (AI image) Stock market today: Nifty50 and BSE Sensex, the Indian equity benchmark indices, opened in red on Friday on weak global cues. While Nifty50 went below 25,400, BSE Sensex was down over 450 points. At 9:19 AM, Nifty50 was trading at…

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India-US trade talks: Trump says discussions ‘going good’; reiterates Russian oil claim

India-US trade talks: Trump says discussions ‘going good’; reiterates Russian oil claim

US President Donald Trump on Thursday (local time) said that trade talks with India are “going good” and signalled that he might visit the country next year.Addressing reporters at the White House, Trump again shifted focus to the issue of Moscow’s crude oil, stating, “They are going good, he stopped buying oil from Russia largely….

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PhysicsWallah eyes .6 billion valuation in IPO

PhysicsWallah eyes $3.6 billion valuation in IPO

MUMBAI: From a YouTube channel once to a public listing later this month, PhysicsWallah is set to launch India’s first IPO by a major ed-tech company in years. With low-priced courses and a strong social media community built over the years-thanks in parts to wide internet penetration and cheap data packs, the startup founded by…

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Nominee vs legal heir: What is the difference and who has claim on assets? All you need to know

Nominee vs legal heir: What is the difference and who has claim on assets? All you need to know

When individuals open bank accounts, invest in mutual funds, or buy insurance, they are often asked to name a nominee. However, many people mistakenly assume that the nominee automatically inherits the assets. In reality, the nominee is not always the final recipient — the ownership rights belong to the legal heir, reported ET. Understanding the…

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Banking vision: India needs big, world-class banks, says FM Sitharaman; discussions on with RBI to expand scale

Banking vision: India needs big, world-class banks, says FM Sitharaman; discussions on with RBI to expand scale

Finance Minister Nirmala Sitharaman on Thursday said India needs large, world-class banks to support its expanding economy, adding that the government is in talks with the Reserve Bank of India (RBI) and lenders to build scale and strengthen the sector.Speaking at the 12th SBI Banking and Economics Conclave 2025, Sitharaman urged banks to deepen and…

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LIC Q2 results: Profit up 31% YoY to Rs 10,098 cr; premium income grows 5.5% as AUM, solvency ratio improve

LIC Q2 results: Profit up 31% YoY to Rs 10,098 cr; premium income grows 5.5% as AUM, solvency ratio improve

Life Insurance Corporation of India (LIC) has delivered another strong quarterly performance, with higher premium income and expanding assets driving a 31% year-on-year rise in consolidated net profit to Rs 10,098 crore for the September quarter.The state-run insurer’s premium income rose 5.5% to Rs 1,26,930 crore from Rs 1,20,326 crore a year earlier, even as…

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After win, brandwagon ride for Women in Blue?

After win, brandwagon ride for Women in Blue?

Harmanpreet Kaur lifts the trophy after India’s victory in the ICC Women’s Cricket World Cup India 2025 Final match between India and South Africa at Dr. DY Patil Sports Academy on November 02, 2025 in Navi Mumbai, India. (Photo/Getty Images) MUMBAI: Women’s cricket in India is having its moment, and brands are starting to take…

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Certification reform: Sebi proposes new norms for market professionals; hybrid learning, tighter exemptions on the cards

Certification reform: Sebi proposes new norms for market professionals; hybrid learning, tighter exemptions on the cards

Markets regulator Sebi has proposed a major revamp of the certification framework for securities market professionals, aiming to expand participation and upgrade skill standards in line with evolving market needs.In a consultation paper released on Thursday, Sebi suggested broadening the definition of “Associated Persons” to include not only those employed by intermediaries and regulated entities…

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SBI stock price outlook: Bank profit rises 10% to Rs 20,160 cr; analysts see up to 20% upside after strong Q2 — should you buy?

SBI stock price outlook: Bank profit rises 10% to Rs 20,160 cr; analysts see up to 20% upside after strong Q2 — should you buy?

Shares of State Bank of India (SBI) are witnessing renewed investor optimism following its strong September-quarter performance, prompting top brokerages to raise their price targets by as much as 20% over the next year.Analysts said the lender’s steady profit growth and improving asset quality have strengthened investor confidence, while derivatives data indicated fresh bullish positions…

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