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What is even more intriguing is how the who-is-who of the mutual fund industry, supposedly smart money, queued up for the anchor book to pay up hefty premiums while similar businesses with comparably better return metrics were going for a song in the secondary markets. This paradox raises very important questions: Was it pure FOMO (Fear of Missing Out) driven by greater fool theory? Did the mutual fund managers undergo irrational pressure to deploy capital in primary issues due to supply constraints in the secondary markets? Or was there an expectation that liquidity-fueled momentum would continue to drive up prices post-listing? Or was it a combination of all of these? We will never know the precise answer. Nevertheless, it is fascinating to pick one case study for examination where these factors were exceptionally evident to illustrate how irrational decision-making can creep into the strategies of mutual fund managers who are meant to be the custodians of retail investors’ hard-earned money.

Subscribe to enjoy similar stories. A few weeks ago, I read a headline in The Guardian: “Is Netflix deliberately dumbing down TV so people can watch while scrolling?" I had to read the rest of the article, even though I knew that if a newspaper asks a question in the headline, it means it doesn’t know the answer—otherwise, the answer would be the headline. Also, theories about the complex manipulation of human behaviour by a company are usually exaggerations.

Steve Witkoff for a temporary ceasefire during Ramzan and Passover period. The decision was taken after a security discussion chaired by Israel Prime Minister Benjamin Netanyahu and with the participation of Israel's Defence Minister, senior security establishment officials and the negotiating team. In a post on X, the Israel Prime Minister's Office stated, «Following a security discussion chaired by Prime Minister Benjamin Netanyahu, and with the participation of the Defense Minister, senior security establishment officials and the negotiating team, it was decided. Israel adopts the framework of US Presidential envoy Steve Witkoff for a temporary ceasefire during the Ramadan and Passover period.» On the first day of the framework, half of the living and deceased hostages will be released. Upon its conclusion, if agreement is reached on a permanent ceasefire, the remaining living and deceased hostages will be released, according to the statement released by Israel Prime Minister's Office.

Subscribe to enjoy similar stories. For a novel so steeped in old-school ideas about art and friendship, Annie Zaidi’s The Comeback is quite sharp when it comes to depicting a decidedly contemporary phenomenon—the passive-aggressive Instagram spiral. When you really, really want one particular person to listen these days, you scream your lungs out in front of millions.

Subscribe to enjoy similar stories. A combative White House meeting has presented Ukraine with the prospect of fighting Russia without the support of its primary military backer through the first three years of the war. Now, the question is whether Europe has the firepower—and the political will—to help Ukraine hold off the Russians.

exchange-traded fund (ETF) that tracks a global index. The fund’s net asset value (NAV) is Rs 100, yet the market price is Rs 110. Would you willingly pay a 10% premium? Likely not. However, this is exactly what’s happening with many international ETFs in India. Some are trading at a premium of up to 25%, making it costly for investors seeking global diversification. So, why are these ETFs trading at a premium, how does this impact investor returns, and what alternatives exist to avoid overpaying? Let’s break it down.

For India, Virat Kohli is set to make his 300th ODI appearance, and he will be eager to make a mark after his match-winning century against Pakistan. Shubman Gill currently leads India’s batting charts in the tournament with 147 runs, while Mohammed Shami has been the standout bowler with five wickets to his name. On the New Zealand side, Tom Latham is leading the run-scoring charts with 173 runs, supported by Rachin Ravindra and Will Young. The Kiwi bowling unit, led by Michael Bracewell and William O'Rourke, has also been effective, each picking up five wickets in the tournament.

John Cena entered the Elimination Chamber as the underdog. At 47, many questioned if he could keep up with younger, hungrier competitors. But Cena thrives on defying expectations, and this night was no different. The match kicked off with Drew McIntyre and Seth Rollins, two rivals who reignited their WrestleMania 40 feud. As the pods unlocked one by one, Damian Priest, CM Punk, and Logan Paul entered the fray. The final entrant, Cena, stormed in with a signature flurry—Attitude Adjustments, Five Knuckle Shuffles, and a roar from the crowd that shook the arena. Eliminations came fast and furious. Priest took out McIntyre, only to be eliminated by Logan Paul, who delivered a jaw-dropping Frog Splash from the top of a pod. Cena and Punk then formed an unexpected alliance, teaming up to take out Rollins with a tribute Hart Attack, paying homage to Bret Hart. But alliances in the Chamber are fleeting. Punk and Cena soon turned on each other, trading submission holds and near-falls.

Tanuj Mahashabde, widely recognized for his role as Krishnan Subramaniam Iyer in Taarak Mehta Ka Ooltah Chashmah, recently opened up about his personal and professional life in an interview. Known for portraying a Chennai-based scientist and the husband of Babita (played by Munmun Dutta), his character also serves as the treasurer of Gokuldham Society. During the interview with the Times of India, Tanuj humorously addressed his single status, joking that he is the «real-life Popatlal,» a nod to a character in the show who struggles to find a life partner. He playfully remarked that while his on-screen character has a beautiful wife, in real life, he remains unmarried. When asked whether his busy schedule keeps him from pursuing a relationship, he admitted he wasn't sure about the reason.

Nifty recorded its worst fall in February since the Covid, falling by 6% while the beginning to March series was equally uninspiring as both headline indices ended Friday, down 1.9%, breaking major support levels. When markets resume trading on Monday, a host of important domestic and global events lined up during the week are likely to impact them. Nifty closed at 22,124.70, lower by 420.35.

Voting for Haryana local body elections began on Sunday. The voting started at 8 am and will continue till 6 pm. The elections are being held for the general election of mayors and members of all wards of seven Municipal Corporations, presidents and members of all wards of four Municipal Councils and 21 Municipal Committees. Additionally, bypolls are being held for three president seats in Municipal Council Sohna (Gurugram), Municipal Committee Assandh (Karnal) and Municipal Committee Ismailabad (Kurukshetra).

Subscribe to enjoy similar stories. I was running late and the film had started. I entered the hall and unable to locate my friends in the dark, sat down in the first seat I could find.

Taiwan's Ministry of National Defence (MND) has detected 11 Chinese aircraft, 6 naval vessels and 3 official ships operating around the island as of 6 am (UTC+8) on Sunday. Among them, five aircraft crossed the median line and entered Taiwan's central, southwestern and southeastern Air Defense Identification Zone (ADIZ). Sharing a post on X, MND wrote, «11 PLA aircraft, 6 PLAN vessels and 3 official ships operating around Taiwan were detected up until 6 a.m. (UTC+8) today. 5 sorties crossed the median line and entered Taiwan's central, southwestern and southeastern ADIZ. We have monitored the situation and responded accordingly.»

Entrepreneur and political figure Vivek Ramaswamy has sparked fresh debate online after an old video of him conducting a home interview without wearing shoes resurfaced on social media. The 39-year-old, who is now running for governor of Ohio following his 2024 presidential campaign, found himself at the center of criticism as some users questioned his choice to go barefoot, calling it «uncivilised» and «un-American.» The video has placed him in the spotlight and has ignited conversations about cultural norms, political image and public expectations from American leaders. An X-user shared a screenshot of the interview on the micro-blogging platform and wrote, “Vivek will never be governor of Ohio. This is unacceptable for America.” The user also circled his bare feet in the photo. While some defended his actions, pointing out that being barefoot at home is a common practice in many cultures, while others saw it as a lack of decorum, particularly for a public figure.

Venus Wang, divorce wasn’t just an emotional rupture—it was a financial and personal reckoning. “I remember the personal identity shift was a very big thing for me—to transform from someone else’s wife to a single mom,” she told CNBC Make It. At 37, she was unemployed, caring for her daughter full-time, and staring at a bank balance of just $10,000. Before her divorce, Wang had built a steady six-figure career in procurement at a major tech firm. But with no job and a child to raise, she realised she needed a plan—and fast.

Tata Consultancy Services (TCS) steps into the new year facing a new set of challenges: Increasing competition, continued macro uncertainty, and an absence of mega deals. However, experts see opportunities for a demand uptick, deal consolidation, digital transformation projects, and artificial intelligence moving into the production stage, indicating that 2025 will be better than the previous year for the Tata Group company with an annual revenue of $29 billion. CEO K Krithivasan has stabilised the ship in a tough market since taking charge more than a year and a half ago, analysts say. He will now need to perform on reversing revenue erosion from account rampdowns, including its 4G network deal with state-run Bharat Sanchar Nigam Ltd (BSNL) in India, its fastest growing market.

pharmaceutical industry say levying tariffs may make generic drugs marginally costlier for the US patients and even lead to drug shortages. Dilip Shanghvi, chairman and managing director at Sun Pharma, India's largest drug maker by sales and market cap, told an industry gathering that his company sells products between $1 and $5 per bottle in the US and a tariff of 10% or 25% may marginally change that cost. «Possibly it will not justify relocating manufacturing,» Shanghvi said, responding to Trump's frenetic calls to either set up manufacturing bases in the US or face tariffs. He added the profit margins for drugs sold in the US are so low that the ability to absorb tariffs is limited. «Ultimately it will get passed on to the consumers,» he noted. For FY24, Sun Pharma had 32% of its total sales of ₹47,800 crore from the US, a notch higher than 31% that came from its home market India.

Companies like Coursera, upGrad, Simplilearn, Emeritus and Newton School are all seeing significantly higher numbers of female enrolments. Emeritus has seen double the growth in female enrolments in India compared to other parts of the world in the last two years, and on the Simplilearn platform, there has been a 78% growth in women's enrolment compared to 2023. These edtech firms say women are driven by the need to stay ahead in current roles, secure better career opportunities and higher earning potential, as well as transition into emerging fields like AI and data analytics.

Mahindra & Mahindra (M&M), driven by strong demand for its range of SUVs, raced past Korean rival Hyundai Motor in February to grab the second spot in India's passenger vehicle market behind leader Maurti Suzuki. The Mumbai-based manufacturer of the XUV700 and Thar Roxx SUVs sold 50,420 passenger vehicles, up 19% from a year earlier, in a month when industry sales were estimated to be subdued, growing just around 2% amid tepid consumer demand.

Travis Kelce would be hanging up his boots after a long tenure, but recent reports suggest that he is set to return for another season of the NFL with his team, Kansas City Chiefs. According to a USA Today report, 10-time Pro Bowl tight end will return to action in 2025, and this time it looks like Kelce will leave no stones unturned in giving his best.