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ICICI Bank on Wednesday said the bank intends to retain majority holding in ICICI Prudential Asset Management Company even though its joint venture partner plans listing and partial divestment of its stake in the fund house.

Honasa Consumer Q3 Results: Q3FY25 revenue from operations was reported at Rs 518 crore, marking a 6% increase from Rs 488 crore posted in the same quarter last year. In an exchange filing, the company reported a 6% revenue increase, reflecting growth momentum. Mamaearth expanded its market share and household penetration, reaching 2,16,814 FMCG retail outlets in India by December 2024 — a 22% YoY distribution growth, according to NielsenIQ.

Sebi has sent a demand notice to Pradeep Baijnath Pandya, who was anchoring stock market shows on a television channel, and seven other entities for failing to pay Rs 2.83 crore fines that have been imposed in connection with fraudulent trading activities.

Profitable stocks: A Capitalmind study found that profitability-based investment strategies outperformed India s Nifty 50, delivering 17.9% annualized returns versus Nifty’s 12.8%. Despite global traction, factor investing remains underutilized in India, offering resilience during downturns and better risk-adjusted returns.

The Nifty Bank index closed 0.15 per cent up at 49479.45.

Indian equity indices closed lower for the sixth straight session. Campus Activewear, Ashok Leyland, and SAIL gained on strong earnings, while Bayer Cropscience, Sammaan Capital, and Ircon International declined due to weak quarterly results.

Airtel Payments Bank on Wednesday reported 70 per cent increase in net profit at Rs 18.5 crore for December quarter 2024-25. It had cinched a record growth with quarterly revenue crossing Rs 700 crore, up by 49 per cent year-on-year, a release said.

Prostarm Info Systems, a power solution products company, on Wednesday said it has received in-principle approval from markets regulator Sebi to launch its initial share sale.

Prudential Plc is planning to list ICICI Prudential AMC, India’s second-largest mutual fund house, through a ₹10,000 crore IPO. The offering, subject to approvals, will involve a 10-15% stake sale, with proceeds intended for shareholder returns.

CDSL, Asia’s only listed depository, has surpassed 15 crore demat accounts, highlighting India s booming capital markets. Strong digital adoption and financial literacy continue to drive retail investor participation, reinforcing CDSL’s role in market infrastructure and secure depository services.