Business & Markets: India — Last 24 Hours

Rs 13 Trillion — SBI Funds Management's assets under management crossed this psychological barrier, with Q1 2026 growth of 17% quarter-on-quarter. Equity's share of the pie jumped from the mid-30s to the mid-40s.

Money Moves

• Adobe Acquires AI Startup Rilo — The software giant picked up Peak XV-backed martech startup Rilo (founded in 2025) for an undisclosed sum. This marks Adobe's second Indian acquisition after Rephrase.ai, bringing...