State Bank of India (SBI) on Thursday announced its decision to divest 3,20,60,000 equity shares, being equivalent to 6.3007 per cent of total equity capital of SBI Funds Management Limited (SBIFML) through Initial Public Offering (IPO), subject to regulatory approvals.
Businesses across the world are hesitating to make significant investment decisions because of rising global policy uncertainty due to tariffs and geopolitical conflicts, according to a report released by SBI Funds Management.
Trade negotiations between the United States and China are moving slowly, raising the chances that the current tariff deadlines may be extended, according to a report by SBI Funds Management.
The recent surge in the trade wars impacting global economy is due to the trade imbalances between the countries, according to a report by SBI Funds Management.
SBI Funds Management Limited, a joint venture between State Bank of India and Amundi, Europe's largest asset manager, on Wednesday announced the appointment of Nand Kishore as Managing Director and Chief Executive Officer, a release stated.