Business
SBI shares jump 3% after subsidiary SBI Funds Management files draft IPO papers
In an exchange filing, SBI announced its subsidiary has filed the draft red herring prospectus (DRHP) with Sebi for an IPO of up to 20.37 crore equity shares, entirely comprising an offer for sale. This means that the proceeds from the IPO will go directly to the shareholders, and the company will not receive any amount.
Also read: Coal India arm CMPDI IPO opens for subscription. Check brokerages review, GMP and other details
As part of the OFS, promoter SBI will sell 12.83 crore shares (representing a 6% stake in the subsidiary), while Amundi India Holding will sell 7.53 crore shares. The total issue size in rupee terms, along with the price band, has not yet been disclosed.SBI Funds Management operates as the investment manager to its flagship mutual fund business and also offers portfolio management services (PMS), alternative investment funds (AIFs) and offshore advisory services. It served over 1.6 crore unique investors, as of December 2025, and manages mutual fund average assets under management (AUM) of Rs 6.06 lakh crore. The company holds a 15.4% market share by QAAUM, making it the largest AMC in India. SBI currently holds 61.86% stake in SBI Funds Management, while AMUNDI Asset Management holds 36.33% stake through a wholly owned subsidiary.
Kotak Mahindra Capital, Axis Capital, ICICI Securities and SBI Capital Markets are among the nine bankers handling the IPO.
Also read: HPCL, BPCL, IOCL shares rebound up to 6%. Here are two reasons behind renewed buying
SBI shares have gained 2% in the past five days, but fallen more than 11% in the past month. The share price rose 26% in the past six months. India’s largest public sector lender posted strong results for the October-December quarter of the ongoing financial year 2026, with standalone net profit rising 24% YoY to Rs 21,028 crore and net interest income (NII) increasing 9% YoY to Rs 45,190 crore.(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)
Business
Asian Stocks Slide on Iran War Escalation
Asian stocks fell sharply Thursday as investors digested a series of attacks on energy infrastructure in the Middle East and the weakness on Wall Street in the previous session.
South Korea’s KOSPI Composite index declined 2.7% after its 5% jump in the previous session. The red-hot stock market is up 37% so far in 2026 but has been very volatile since the Iran war began.
China’s Shanghai Composite slipped 1.4%, while Japan’s Nikkei index closed 3.4% down, after jumping 2.9% in the previous session.
Business
Suddenly Everyone in San Francisco Is a ‘Builder,’ Whatever That Means
SAN FRANCISCO—During the tech boom of the 2010s, coding teams here spent months building apps that changed the way we live.
Now, that’s just a Saturday night for an 11-year-old.
Copyright ©2026 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
Business
Wall Street tumbles as Middle East turmoil fans inflation fear

Wall Street tumbles as Middle East turmoil fans inflation fear
Business
Argentina’s economy grows 4.4% in 2025, slightly below forecasts

Argentina’s economy grows 4.4% in 2025, slightly below forecasts
Business
Form 6K NatWest Group plc For: 20 March

Form 6K NatWest Group plc For: 20 March
Business
Gold Falls as Iran War Clouds Rate Outlook
Gold prices plunged below $4,800 a troy ounce, pressured by a stronger dollar and dimming hopes for further interest-rate cuts in the near term.
In early European trading, futures fell 2.9% to $4,755 an ounce, while the U.S. dollar index was up 0.1% to 100.18, making dollar-denominated commodities more expensive for overseas buyers.
The Federal Reserve held interest rates steady on Wednesday, as widely expected, but highlighted the risks that higher energy prices will lift inflation. “The rally in oil followed renewed escalation in the Middle East, with markets increasingly pricing the risk of disruptions to energy supplies and shipping routes,” ING analysts said.
Business
iShares 10-20 Year Treasury Bond ETF: Thinking Long Term (NYSEARCA:TLH)
Daniel Martins is the founder of independent research firm DM Martins Research. The firm’s work is centered around building more efficient, easily replicable portfolios that are properly risk-balanced for growth with less downside risk. His work has been featured on Seeking Alpha and other platforms through 2,000+ articles, and it has been cited by the New York Times, CNN, Reuters, USA Today, and others.- – -Daniel is the founder and portfolio manager at DM Martins Capital Management LLC, a macro strategy hedge fund (leveraged risk-parity approach that uses return stacking to achieve aggressive long-term capital appreciation). He is a former equity research professional at FBR Capital Markets and Telsey Advisory in New York City and finance analyst at macro hedge fund Bridgewater Associates, where he developed most of his investment management skills earlier in his career. Daniel is also an equity research and global equities market instructor for Wall Street Prep, where he has developed content and trained hundreds of senior and junior analysts at some of the largest bulge bracket investment banks and sovereign investment funds in the world.He holds an MBA in Financial Instruments and Markets from New York University’s Stern School of Business.- – -On Seeking Alpha, DM Martins Research has partnered with EPB Macro Research and collaborated with Risk Research, Inc.
Analyst’s Disclosure: I/we have a beneficial long position in the shares of SPY either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.
Seeking Alpha’s Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.
Business
Hints, Answers and Full Breakdown for Puzzle #649 on March 21, 2026
The New York Times Connections puzzle for March 21, 2026 — puzzle #649 — challenges players with 16 words that demand sharp pattern recognition and a mix of general knowledge and clever wordplay. Released at midnight local time (with global access varying by time zone), today’s grid has drawn praise for its balanced difficulty, rated around 3.3 out of 5 by community trackers and the official NYT companion.

Connections, a daily word game that exploded in popularity since its 2023 debut, requires grouping 16 seemingly random words into four themed sets of four. Categories are color-coded: yellow for the most straightforward, followed by green, blue and purple for the trickiest, often involving puns or cultural references. Solvers get four mistakes before the game ends, encouraging strategic guessing and reshuffling.
**Today’s 16 Words**
COMPASS, ICON, SOAP, WORLD, LEGEND, EXAM, STENCIL, CHART, SCENE, RULER, MITZVAH, CIRCLE, GREAT, SPHERE, LION, T-SQUARE.
These words blend everyday terms with specialized vocabulary, creating red herrings like potential animal or measurement groupings that lead many astray.
**Progressive Hints for Each Category**
To guide without immediate spoilers, here are layered hints ranked by difficulty:
– **Yellow (easiest)**: Synonyms for one’s personal or social environment — think “in my ___” or “sphere of ___.”
– **Green**: Terms for highly admired or influential figures, often in entertainment, history or society — like a “social ___” or cultural “___.”
– **Blue**: Precise instruments found in an architect’s or engineer’s toolkit for technical drawings.
– **Purple (hardest)**: Words that complete the phrase “___ bar” in common compounds, from legal tests to hygiene items.
These clues draw from community sources like Mashable, Parade, TheGamer and Forbes breakdowns, which note the puzzle’s emphasis on contextual synonyms over strict synonyms in some groups.
**Full Answers and Detailed Breakdown**
Here are the complete categories with groupings and explanations:
**Yellow: Milieu** (A person’s surroundings, setting or sphere of activity/influence)
– CIRCLE (social circle)
– SCENE (the scene, as in local scene or music scene)
– SPHERE (sphere of influence)
– WORLD (one’s world, as in “in my world”)
This accessible group rewards recognition of idiomatic expressions for environment or social context. Many solvers spot it early due to the thematic consistency.
**Green: Luminary** (An outstanding or highly respected person in their field)
– GREAT (one of the greats)
– ICON (cultural icon)
– LEGEND (a living legend)
– LION (social lion, denoting a prominent, charismatic figure)
The category celebrates exceptional individuals. “Lion” trips up some as a potential animal red herring, but in context it fits perfectly as a metaphorical term for prominence.
**Blue: Architectural Drawing Tools** (Instruments used for precise technical or blueprint work)
– COMPASS (for circles and arcs)
– RULER (straightedge for lines)
– STENCIL (for lettering or shapes)
– T-SQUARE (for horizontal lines and right angles)
This specialized set appeals to those familiar with drafting or design. It stands out once players notice the technical theme, though “compass” can mislead toward navigation.
**Purple: Bar _____** (Phrases completed by adding “bar” before or after the word)
– CHART (bar chart)
– EXAM (bar exam)
– MITZVAH (bar mitzvah)
– SOAP (soap bar)
The hardest group relies on compound wordplay. “Bar mitzvah” and “bar exam” are cultural/legal staples, while “bar chart” and “soap bar” add everyday variety. This pun-heavy category often comes last, as solvers chase literal connections first.
**Player Performance and Common Pitfalls**
Community feedback from sites like Reddit, NYT’s own companion and solver polls shows many finish with 0-2 mistakes. The purple “bar” group causes the most errors — players often group SOAP with hygiene items or EXAM with tests without seeing the pattern. LION frequently gets misplaced with potential “big cat” themes or as a celebrity synonym outside the luminary context.
Strategy tips include scanning for obvious tool pairs (RULER + T-SQUARE), then hunting word endings or prefixes like “bar.” Shuffling the board helps spot overlooked links, and avoiding hasty one-offs preserves lives.
Today’s puzzle ties loosely into themes of environment, influence and precision — perhaps echoing the recent vernal equinox balance — though Connections categories stand alone. The NYT continues refining the game with fresh twists, maintaining its addictive appeal alongside Wordle.
Whether solved perfectly or with a few stumbles, March 21’s edition offers satisfying “aha” moments. Players who conquered it can share grids on social media; those still puzzling have tomorrow’s reset to try again. Connections remains a daily highlight for word lovers worldwide, proving simple mechanics can deliver endless challenge.
Business
Trump-backed television merger moves forward
Critics fear the consolidation will add to strains facing local news and degrade coverage.
Business
Western Bulldogs Edge Adelaide Crows in Thrilling Round 2 Clash at Adelaide Oval
ADELAIDE, Australia — The Western Bulldogs held off a fast-finishing Adelaide Crows side to claim a hard-fought six-point victory, 14.10 (94) to 13.10 (88), in Round 2 of the 2026 AFL premiership season on Friday night at Adelaide Oval.

The result, sealed in a tense final quarter, keeps the Bulldogs undefeated at 2-0 and positions them among the early ladder leaders with a percentage of 154.1. For the Crows, the narrow loss drops them to 1-1, highlighting defensive lapses despite a strong comeback effort that nearly turned the game.
Played under clear skies with a crowd of around 42,000, the match lived up to pre-game hype as a potential shootout between two attacking teams. Adelaide entered as slight favorites at home, buoyed by a Round 1 upset win over Collingwood, while the Bulldogs carried momentum from a dominant 81-point thrashing of GWS Giants.
The Bulldogs struck first with early goals to key forwards, building a 22-18 lead by quarter time. Their midfield, led by Marcus Bontempelli and Jack Macrae, won crucial clearances and generated clean entries inside 50. Adelaide responded in the second term, but the Bulldogs extended their advantage to 47-32 at halftime through efficient scoring and pressure acts.
A pivotal third quarter saw the Bulldogs maintain control, pushing the margin to 73-55. They dominated contested possessions and tackles, with standout performances from midfielders and defenders shutting down Adelaide’s key forwards. The Bulldogs’ pressure rating remained high, forcing turnovers that fueled their attack.
The final term belonged to the Crows. Trailing by 18 points at three-quarter time, Adelaide mounted a spirited charge, kicking five goals to one in the last stanza. Izak Rankine, Taylor Walker and Jordan Rachele combined for crucial majors, narrowing the gap to a single point on multiple occasions. A rushed behind and a late goal to the Bulldogs’ forwards proved decisive, with a brilliant snap from a Bulldogs forward sealing the win in the dying minutes.
Post-match statistics underscored the Bulldogs’ dominance in key areas: 767 disposals to Adelaide’s 387, 84 clearances to 29, and superior tackling numbers. The Crows led in hit-outs and inside-50s at times but struggled to convert opportunities, finishing with 13.10 from 55 entries.
Bulldogs coach Luke Beveridge praised his side’s resilience. “We knew Adelaide would come hard in the last, and our boys stood up,” he said. “The midfield’s work rate and the way we absorbed pressure was outstanding. It’s a big win on the road against a quality opponent.”
Adelaide coach Matthew Nicks acknowledged the effort but pointed to early deficits. “We fought back brilliantly, but you can’t give a team like the Bulldogs a head start,” he said. “Credit to them for holding on. We’ve got areas to fix before next week.”
Standouts included Bulldogs captain Bontempelli with high disposals and clearances, while Rankine and Dawson shone for the Crows with goals and run. The match featured several momentum swings, with injuries minimal and both teams avoiding major setbacks.
The result bolsters the Bulldogs’ credentials as early contenders, joining Gold Coast and others at the top after strong starts. Adelaide’s loss highlights the importance of consistency against top sides, especially in high-pressure finals-like atmospheres.
With Round 2 continuing Saturday featuring Richmond vs. Gold Coast, GWS vs. St Kilda and Fremantle vs. Melbourne, the league’s early narrative focuses on emerging form lines. The Bulldogs’ road win in Adelaide adds to their reputation as a tough, resilient outfit capable of grinding out results.
Fans and analysts will dissect the final minutes, where Adelaide’s surge fell agonizingly short. The Bulldogs’ ability to respond under pressure could prove crucial as the season unfolds toward September.
As the 2026 campaign builds, Friday night’s thriller at Adelaide Oval delivered entertainment and intrigue, underscoring the AFL’s competitive depth from the outset.
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