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The outlook threatened to cool an AI frenzy that has transformed Nvidia into the world’s second-most-valuable company. The chipmaker is the key beneficiary of a race to upgrade data centers to handle AI software, and its sales forecasts have become a barometer for that spending boom.

State Bank of India has raised Rs 7,500 crore through Basel III compliant tier 2 bonds at a 7.42% annual rate. This 15-year bond has a call option after 10 years.

As on July 31, there are 224 merchant bankers registered with Sebi. Their activities include handling public issuances, international offerings such as global depository receipts, underwriting issues and corporate advisory.

Gangwal, along with his wife Shobha Gangwal and their family trust - who are all part of the promoter group - held nearly a 34% stake in the airline as of December last year.

The government issued a notification stipulating a lower public shareholding requirement for companies listing on stock exchanges at the International Financial Services Centre (IFSC)-a deemed foreign jurisdiction-a move aimed at wooing firms to list there.

The company is a provider of wastewater treatment and reuse solutions. It made a profit of `41.4 crore in FY24, while the revenue from operations was Rs 496.8 crore.

When asked about the slower pace of deposit growth as compared to credit growth, the RBI governor also said that banks were mindful of the issue and taking necessary actions, Das said that banks should be allowed time for the results to show.

Chinese multinational technology conglomerate Tencent is likely to sell 2.1% stake in PB Fintech via block deal at an estimated price of Rs 1,610 crore.

Markets regulator Sebi has proposed a comprehensive review of merchant banker regulations to address changes in market dynamics. The review includes assessing the activities of bankers, updating capital adequacy requirements, and introducing a minimum liquid net worth.

Indian equity indices closed slightly higher on Wednesday, with IT stocks leading the gains. Rupak De of LKP Securities noted that a close above 25,100 could signal further gains, while a failure to maintain this level might lead to selling pressure, with immediate support at 24,800.