Business Economy


Mumbai, Oct 23 (UNI) SBI Fund Management recorded a quarterly average asset under management (QAAUM) growth of 10% YoY to ₹13.1 trillion for the quarter ended September 30, the company said in a press release.
Actively managed equity QAAUM stood at nearly ₹9 trillion, or a 9% YoY increase for the latest quarter. The amount constituted to a market share of 12.4%, reinforcing its position as the leader. The asset under management for Systematic Investment Plans (SIPs) stood at ₹2.07 trillion, up 15% YoY and representing a total market share of 12.3%.
SBI Fund Management’s operating revenue for the first half of the financial year surged 12% YoY to ₹2,336 crore while the operating profit for the same period was higher by 11% YoY to ₹1,797 crore.
As of 30th September 2026, SBI Funds Management has a large and diverse investor base, supported by a nationwide network of 2,141 employees and 297 branches and points of acceptance, with 1.85 crore customers across the industry.
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23 Oct 2026 | 8:47 PM

Mumbai, Oct 23 (UNI) SBI Fund Management recorded a quarterly average asset under management (QAAUM) growth of 10% YoY to ₹13.1 trillion for the quarter ended September 30, the company said in a press release.

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Dr Reddy’s Q2FY27 consolidated net profit falls 36 pc to Rs 925-Cr

23 Oct 2026 | 8:38 PM

Hyderabad, Oct 23 (UNI) Dr Reddy’s Laboratories Ltd on Friday reported a 36 per cent year-on-year decline in profit attributable to equity holders at Rs 925 crore for the second quarter ended September 30, 2026, against Rs 1,437.2 crore in the corresponding period last year, mainly due to lower sales of lenalidomide in North America.

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Crazy Cock Indian Single Malt enters Bengaluru Duty Free

23 Oct 2026 | 8:21 PM

Bengaluru, Oct 23 (UNI) Crazy Cock Indian Single Malt Whisky has entered Bengaluru Duty Free with its Madhuca I expression, showcasing the indigenous mahua heritage through contemporary whisky-making alongside Six Brothers Mahura, a spirit made from mahua flowers.

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Figaro expands multipurpose olive oil range with new pack sizes

23 Oct 2026 | 8:06 PM

Mumbai, Oct 23 (UNI) Figaro Multipurpose Olive Oil, part of Deoleo, the world’s leading olive oil company, has expanded its product range with new packaging formats aimed at offering consumers greater choice and convenience.

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Tata Sons governance row: Six Parsi groups write to PM Modi in support of Tata Trusts

23 Oct 2026 | 7:40 PM

New Delhi, Oct 23 (UNI) Six Parsi and Zoroastrian community organisations have approached Prime Minister Narendra Modi, expressing support for Tata Trusts and the Tata family amid the ongoing dispute over the governance of Tata Sons.

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