The initial public offer (IPO) of SBI Funds Management Ltd was fully subscribed on the second day of bidding, receiving bids for 1.17 times the shares on offer, with strong interest from non-institutional investors and anchor investors.
SBI Funds Management, India's largest asset management company, has set its IPO price band between 545 and Rs 574 per share, valuing the company at 1.2 trillion. The management explained the 'moderate' valuation aims to instil investor confidence amidst market uncertainty, while also highlighting plans for AI integration, expansion into GIFT City, and new alternative investment funds.
SBI Funds Management Ltd. is set to list on stock exchanges next week following its Rs 11,692 crore Initial Public Offering (IPO), which involves an Offer for Sale (OFS) of a 10 per cent stake by SBI and Amundi.
The body of Vikram Rana, the last person missing after the July 7 landslide at the Anakkampoyil-Meppadi tunnel project site in Kalladi, Wayanad, Kerala, has been recovered. This brings the death toll to eight. A massive search operation involving multiple agencies led to the discovery of the construction manager's body, concluding the search efforts.
Recognising the growing use of AI/ML models by regulated entities across business and decision-making processes, the RBI said weaknesses in governance, oversight, risk management, and controls could expose institutions to financial, operational, compliance, and reputational risks.
Argentina manager Lionel Scaloni discussed his team's hard-fought 3-2 extra-time victory over Cape Verde in the World Cup last-32, emphasising the unexpected difficulty of the match despite being heavy favourites. He praised his players' resilience and character, acknowledging the physical toll and the need for improvement, while also highlighting the unique "suffering" inherent in being Argentine in football.
The Calcutta High Court has appointed a retired judge as a special officer to manage the day-to-day expenses of the Mamata Banerjee-aligned Trinamool Congress (TMC) from three debit-frozen bank accounts. The accounts were frozen following a complaint by a rival TMC faction alleging they held proceeds of crime. The court allowed transactions for party expenses and legal costs, noting that the initial freezing lacked specific material basis and that the complainant had previously benefited from these accounts.
OpenAI has appointed Prabhjeet Singh as its Managing Director for India, a key market for the AI company. Singh, formerly President of Uber India and South Asia, will oversee consumer growth, enterprise adoption, partnerships, and regulatory engagement, reinforcing OpenAI's commitment to India's rapidly expanding AI ecosystem.
Mexico manager Javier Aguirre said he was leaving with pride despite the pain of elimination after losing to England in the FIFA World Cup.
Despite the Reserve Bank of India's (RBI) and the government's recent initiatives to attract foreign capital, which are expected to alleviate pressure on long-duration bonds, most debt fund managers are maintaining a cautious stance, favouring shorter-duration papers due to global uncertainties and potential future rate hikes.
Delhi Police have launched a massive manhunt for Jay Mishra, a key figure in the management of a Malviya Nagar hotel where a devastating fire killed 21 people. Multiple teams are deployed across Delhi and neighbouring states, using technical surveillance to trace him and other hotel staff as part of the ongoing investigation into safety compliance and the circumstances of the tragedy.
The Bangalore Water Supply and Sewerage Board (BWSSB) is set to explore the use of AI, predictive analytics, and robotic inspection technologies to detect water theft, reduce leakages, and improve operational efficiency across Bengaluru's water distribution network.
Former Bournemouth boss Andoni Iraola will take over as Liverpool's manager on a two-year deal, the Premier League club said on Thursday.
Delhi Police are searching for hotel manager Jai Mishra following a devastating fire that killed 21 people in Malviya Nagar. Hotel owner Lavkesh Bajaj has been arrested and claims Mishra managed the hotel and held the licenses. Investigators are probing potential licensing violations, as the hotel allegedly operated 25 rooms with permission for only six.
A former life insurance manager in Thane has been sentenced to two years in jail for defrauding people of over Rs 3.51 crore with false promises of high returns on stock market investments.
Ben Stokes defended England's decision to rest Jofra Archer for the opening Test against New Zealand at Lord's after the fast bowler's Indian Premier League stint, with the captain warning that mishandling such situations could drive players away from international cricket.
The Reserve Bank of India (RBI) has issued amended directions for bank boards, effective October 1, 2026, to rationalise agenda items and enable more focused engagement on strategy and risk governance, while explicitly defining matters reserved for board approval and periodically reviewing delegated powers.
England manager Thomas Tuchel expressed hope that his players would eventually feel pride in their third-place finish at the World Cup, despite falling short of their ultimate goal.
Former Spain manager Vicente del Bosque has cautioned the Spanish national team against underestimating Argentina in the upcoming World Cup final, labelling them a "real nuisance" and highlighting their experience and tactical prowess.
Shots were allegedly fired outside the residence of Diljit Dosanjh's manager in Karnal, with a social media post linked to the Lawrence Bishnoi gang claiming responsibility. The incident has sparked a political row between AAP and BJP, with allegations of intimidation tactics.
England captain Harry Kane has dismissed suggestions of a rift between manager Thomas Tuchel and midfielder Jude Bellingham, stating that media scrutiny had exaggerated a brief post-match exchange following their World Cup quarter-final victory over Norway.
Spain's Lamine Yamal and Pedro Porro trained separately from the main squad in New Jersey as a precautionary measure ahead of Sunday's World Cup final against Argentina, with both players expected to be available.
The Badrinath temple committee has removed its treasurer, Sandesh Mehta, after 'overwriting' was detected in the donations logbook and the quantity of silver in the temple locker exceeded recorded amounts, amidst an ongoing investigation into alleged irregularities.
Legendary cricketer Kapil Dev stated that no player, not even stalwarts like Virat Kohli and Rohit Sharma, is a 'certainty' in the Indian team, emphasising that performance should be the sole criterion for selection.
England manager Thomas Tuchel has defended his tactical decisions in the World Cup semi-final against Argentina, despite widespread criticism after his team lost 2-1. Tuchel stated he has no regrets, trusting his instincts, and attributed some performance issues to player fatigue and extensive travel. He is now focused on the third-place playoff against France, viewing it as an opportunity for England to prove their standing among top teams.
Heavy rainfall has disrupted major pilgrimages in Uttarakhand, including the Kedarnath route and the Kailash-Mansarovar Yatra, prompting the IMD to issue red and orange alerts for extremely heavy rainfall across several districts.
New Liverpool manager Andoni Iraola has expressed his impatience to secure more player signings to bolster the squad ahead of the upcoming season. Having already signed two players, Iraola emphasised the club's ongoing efforts to bring in additional talent to improve upon last season's fifth-place finish. He also faces the challenge of managing without key player Mo Salah and addressing several long-term injuries.
A private school in Hyderabad has terminated a primary teacher after she assigned Islamic religious verses as homework, sparking controversy and prompting police intervention to ensure communal harmony. The incident led to protests and demands for action against the school from political and religious groups.
A social media post allegedly linked to the Lawrence Bishnoi gang has claimed responsibility for a firing incident outside the residence of Punjabi actor-singer Diljit Dosanjh's manager in Haryana's Karnal.
A 70-year-old man accused of a brutal robbery and extortion attempt in Delhi's Dwarka, during which he allegedly chopped off both thumbs of an event manager, has been arrested after evading capture for nearly six years.
Defending champions Argentina are motivated by their passionate fans to win the World Cup again, with manager Lionel Scaloni and goalkeeper Emiliano Martinez highlighting the emotional connection with supporters as a key driver ahead of their final clash with Spain.
Spain manager Luis de la Fuente attributes his team's commanding 2-0 victory over France and progression to the World Cup final to a revived "spirit of 2010" and strong team unity. He praised the squad's commitment, solidarity, and talent, highlighting their collective goal-oriented approach and humility. Spain has now equalled Italy's unbeaten record and looks forward to the final, with De la Fuente emphasising the team's continuous potential for growth.
Harshit's fitness, Varun's longevity under scanner post hamstring injuries
An FIR has been registered against a teacher and others at a private school in Hyderabad after a Hindu student was allegedly assigned "Islamic religious practices" as homework. The incident sparked outrage from political and religious groups, leading to the teacher's termination.
The Supreme Court has dismissed a petition challenging the Coastal Regulation Zone (CRZ) clearance for additional floors on Shah Rukh Khan's Mumbai residence, Mannat, upholding the National Green Tribunal's decision.
Indian cricket captain Shubman Gill shared his approach to handling pressure, focusing on controllable factors and avoiding external influences.
IT major Tech Mahindra reported a 28.4 per cent increase in consolidated net profit for the June quarter, reaching Rs 1,465 crore, driven by broad-based growth across manufacturing and financial services, and expressed confidence in a positive demand environment for the rest of the year.
Ram Temple Construction Committee Chairman Nripendra Mishra stated that the alleged donation theft at the Ayodhya temple was a 'disgraceful blot' and expressed confidence that the temple management system would be improved to prevent future incidents.
Chelsea manager Xabi Alonso said he wants to see greater hunger and a desire to improve from his players as he prepares for his first Premier League season in charge.
After England's 2-1 World Cup quarter-final win over Norway, midfielder Jude Bellingham pushed back against manager Thomas Tuchel's "sloppy" performance assessment, highlighting the team's resilience and the challenging conditions. Despite the friction, Bellingham's two goals were crucial in securing England's semi-final spot, underscoring his vital role in the tournament.
