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SBI Funds Management IPO Closes At 41.73x Subscription; Allotment Date Set For July 17, How To Check Status
SBI Funds Management IPO subscription closed today, July 16, 2026, at 5:00 p.m., recording 41.73 times overall demand. The Qualified Institutional Buyers category led the charge, subscribing 140.11 times its allotted portion. With bidding now complete, investors are turning to the next milestone: allotment, scheduled for Friday, July 17, 2026. The ₹9,812.91 crore issue was…
Verizon (NYSE: VZ) to Sell 274 Stores and Cut About 3,000 Jobs in Major Restructuring
Verizon is reshaping its retail business with another major restructuring effort. On July 16, 2026, the U.S. wireless carrier announced plans to sell 274 company-owned retail stores and eliminate about 500 corporate positions, affecting roughly 3,000 retail and corporate employees. The store transactions will become effective on August 16, 2026, leaving Verizon with approximately 1,000…
SBI Funds Management IPO Day 3 Updates: Check Live Subscription, Allotment Date; SBI Shares Drop 0.18%
The SBI Funds Management IPO entered its third and final day of bidding on July 16, 2026, with strong interest from both retail and institutional investors. As the issue moves toward closing, investors are closely watching the latest subscription figures, Grey Market Premium (GMP), and the allotment schedule. Meanwhile, State Bank of India (SBI) shares…
Nvidia Corp (NVDA) Rises 4.06% as Mizuho Financial Group Partners With Chipmaker to Build In-House AI Platform
Nvidia Corp shares climbed 4.06% on July 15, 2026, closing near $211.80. The rally followed news that Mizuho Financial Group will partner with Nvidia Corp to build an in-house AI platform. The Japanese banking giant aims to protect sensitive customer data by avoiding external AI tools. Nvidia’s market capitalization now sits near $5.13 trillion. This…
IBM Stock Crashes 25% on July 14 as Q2 Earnings Miss Signals Budget Shift
IBM stock crashes 25% to $217.07 after missing Q2 targets. Customers shifted capex to servers and memory amid AI demand. Dell and HPE gain as hardware demand stays strong.
Tower Semiconductor Stock Soars 18% to $271.90 After $3 Billion Japan Investment Plan
Tower Semiconductor stock soared as much as 18% Tuesday to $271.90 in premarket trading. The surge followed the company’s announcement of a $3 billion Japan investment plan. Tower Semiconductor will expand its Silicon Photonics and Silicon Germanium manufacturing capacity. The Japanese government is providing about $1 billion in grants for the project. Tower Semiconductor also…
SoftBank Stock Hits ¥6,423 as Masayoshi Son Predicts AI Will Need $5 Trillion a Year by 2040
On July 14, 2026, SoftBank Group shares rose to ¥6,423 after CEO Masayoshi Son shared an ambitious forecast for artificial intelligence. He said global AI development could require $5 trillion in annual investment by 2040, driven by rising demand for data centers, semiconductor manufacturing, and computing capacity. His comments renewed investor interest in SoftBank’s long-term…
Elon Musk’s Wealth Sinks Under $900 Billion After SpaceX Stock Drops Below $140
The estimated net worth of Elon Musk has fallen below $900 billion after SpaceX shares dropped under $140 in July 2026. It is one of the steepest declines the company has seen since its IPO in June. The sell-off wiped billions from Musk’s fortune within days and raised fresh questions about high valuations across the…
SBI Funds Management IPO GMP Live Today: Issue Opens at ₹545–₹574 as Grey Market Premium Jumps 17%
SBI Funds Management IPO opened for subscription today, July 14, 2026. The issue carries a price band of ₹545 to ₹574 per share. Grey market premium for SBI Funds Management shares stood near ₹97, roughly 17% above the upper band. This signals healthy demand ahead of the three-day bidding window, which closes July 16, 2026….