APThe Dow Jones Industrial Average fell 33.35 points, or 0.10%, at the open to 33,945.98. The S&P 500 opened lower by 7.26 points, or 0.17%, at 4,365.33, while the Nasdaq Composite dropped 53.60 points, or 0.39%, to 13,572.88 at the opening bell.
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Thursday, 15 Jun, 2023- Front Page
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PNB, LIC, SBI & BoB Look to Seek Bids for UTI AMC StakeFour state-owned financial entities — Punjab National Bank, Life Insurance Corporation of India, State Bank of India, and Bank of Baroda — that together own just over 45% of UTI Asset Management Company (AMC) are understood to be working on inviting formal bids for selling their stakes, top officials close to the development told ET.
Armed & Ingenious, This Mafia Has the Smarts for StartsHundreds of former employees from some of India’s biggest unicorns who have left to start up on their own are creating a ripple wave of internet enterprise in what is now the world’s third-largest startup ecosystem.
Akasa Air Eyes $75-100 M via Fresh EquityAkasa Air, India’s newest airline backed by late billionaire Rakesh Jhunjhunwala, is looking to raise $75-100 million by offering fresh shares to expand its business, people with knowledge of the matter said.
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