Business

17 Feb

SBI and SBI Mutual Fund launch Rs 250 JanNivesh SIP

MFNewsBusiness, Mutual Funds, Shares

SBI and SBI Mutual Fund launch Rs 250 JanNivesh SIP Chandigarh: JanNivesh SIP offers flexible investment options from Rs 250, with daily, weekly, and monthly plans, making investing more accessible. Available on SBI YONO and fintech platforms like Paytm, Groww, and Zerodha, it ensures seamless access and management through familiar digital interfaces, helping individuals start their investment journey with ease. JanNivesh SIP targets first-time investors across rural, semi-urban, and urban areas, offering an easy entry into mutual funds. SBI Mutual Fund, in collaboration with the State Bank of India, announces the launch of JanNivesh SIP, an initiative that aims to…

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17 Feb

Campa partners with JioStar as ‘Co-Powered by’ sponsor on TATA IPL 2025

MFNewsBusiness, Entertainment, Shares, Sports

 Reliance Consumer Products’ Raskik Gluco Energy & Spinner to debut at TATA IPL 2025 Chandigarh: As the TATA Indian Premier League (IPL) continues to reign supreme as the nation’s most-watched sporting event, Campa from Reliance Consumer Products Limited (RCPL), in partnership with JioStar, is set to elevate its brand presence as a co-powered sponsor across both TV and digital platforms for TATA IPL 2025. This landmark partnership will ensure Campa's visibility across Star Sports Network, including in regional languages (both HD and Standard), and JioStar’s streaming platform, guaranteeing an unparalleled reach, engagement, and impact for the brand. With this strategic…

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17 Feb

In This Red Zone Investors should continue SIPs

MFNewsBusiness, Mutual Funds, Opinions

Mutual Fund experts said that as per historical data during market volatility or downturns, instead of stopping or redeeming, holding SIPs for at least seven years has proved to give positive returns. Mumbai: Investors should continue SIPs, keep a balanced approach with higher allocation to large caps, be selective in mid- and small-cap exposure in their portfolio, and avoid panic selling, as per mutual fund experts in the current market. Monthly data from the Association of Mutual Funds in India (AMFI) suggests that contribution to SIPs has dipped from Rs 26,451 crore in December 2024 to Rs 26,400 crore in…

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16 Feb

Bajaj Consumer Care Portfolio Strengthens with the Acquisition of Vishal Personal Care

MFNewsBusiness, Health

Bajaj Consumer Care Portfolio Strengthens with the Acquisition of Vishal Personal Care Mumbai: Bajaj Consumer Care Limited, a leader in India’s consumer care space, has announced the acquisition of company Vishal Personal Care that owned Banjara’s, a well-established and trusted hair and skin care brand. This announcement came on Feb 14, 2025, after the board meeting of Bajaj Consumer Care, that owns the flagship Bajaj Almond Drops brand. This strategic move aligns with Bajaj Consumer Care’s (BCCL) vision to expand its footprint across Indian markets, leveraging the growing demand for natural and Ayurvedic personal care products. Under the terms of…

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15 Feb

PM Modi hails US-India ‘mega partnership’ in Trump meeting

MFNewsBusiness

Modi hails US-India 'mega partnership' in Trump meeting New Delhi: India's Prime Minister Narendra Modi has hailed a "mega partnership" with the US, as he and US President Donald Trump agreed on a deal for Delhi to import more American oil and gas. Modi's two-day visit comes as Trump recently ordered that all the US' trading partners - including India - should face sweeping reciprocal tariffs. While both men praised each other's leadership, Trump criticised India for having some of the highest trade tariffs in the world, calling them a "big problem". The Indian leader, seeking to soften impending trade barriers, said…

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15 Feb

Exports of electronic products surged to ₹2,411 billion in FY24

MFNewsBusiness, Insurance, Opinions, Technology

Exports of electronic products surged to ₹2,411 billion in FY24 India’s electronics industry is booming! Mumbai: Exports of electronic products surged to ₹2,411 billion in FY24, while consumer electronics production crossed ₹994 billion in 2023. Driven by government incentives, rising domestic demand, and shifts in global supply chains, the sector is transforming rapidly.

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15 Feb

Prudential Plc Considering For The listing of ICICI Prudential Asset Management Company

MFNewsBusiness, Insurance, Opinions, Technology

Prudential Plc Considering For The listing of ICICI Prudential Asset Management Company Chandigarh: Prudential Plc is considering the listing of ICICI Prudential Asset Management Company (AMC), India’s second-largest mutual fund (MF) with assets of over -9 trillion.Through the IPO, the London-headquartered financial major plans to divest some of its 49 per cent stake. Shares of Prudential rallied over 6 per cent after the announcement on the London Stock Exchange. In 2016, Prudential had divested its stake in ICICI Prudential Life Insurance Company, another joint venture firm with the ICICI Bank group. Currently, ICICI Bank owns 51 per cent stake in…

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15 Feb

Bajaj Allianz Life Nifty 500 Multicap Momentum Quality 50 Index Fund for ULIP customers

MFNewsBusiness, Health, Insurance, Opinions, Technology, Travel

Bajaj Allianz Life Nifty 500 Multicap Momentum Quality 50 Index Fund for ULIP customers Chandigarh: Bajaj Allianz Life Insurance, one of India's leading private life insurer, today announced the launch of its new index based fund - Bajaj Allianz Life Nifty 500 Multicap Momentum Quality 50 Index Fund, which will be available along with its ULIP products. Along with a life cover, this new fund offers ULIP customers a unique opportunity to capitalize on the growth potential of multi-cap stocks with momentum and quality factors, to diversify their portfolios, and enjoy the benefits of an index-based investment approach. The Nifty…

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15 Feb

Bank of India Raises ₹2,690 Crore through 10-Year Infrastructure Bonds at 7.50% p.a

MFNewsBusiness, Entertainment, Insurance

Bank of India Raises ₹2,690 Crore through 10-Year Infrastructure Bonds at 7.50% p.a Chandigarh: Bank of India, a leading Public Sector Bank, has raised 10 years Infrastructure Bonds of Rs.2,690 crore @ 7.50% p.a, today through NSE Electronic Bidding Platform. The Base Issue size was Rs.1,500 crore with Green Shoe option of Rs.3,500 crore. Bank received total of 94 bids amounting to Rs.8,845 crore, 5.90 times of the Base issue size. Bank accepted bids at cut-off coupon of 7.50% of Rs.2,690 crore. There were 26 successful bids. The funds raised through Long Term Bonds will be used for funding long…

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15 Feb

SEBI relaxes timelines to send Consolidated Account Statement for AMCs and RTAs

MFNewsBusiness, Insurance, Technology

SEBI relaxes timelines to send Consolidated Account Statement for AMCs and RTAs SEBI has revised timelines for monthly and half-yearly CAS. Mumbai: In a recircular, SEBI has revised timelines for AMCs and RTAs to send the monthly and half-yearly CAS. Currently, the AMCs provide data of investment of PAN holders to the depositories before 3rd of the next month, following which the CAS are dispatched before the 10th by the depositories. According to the revised timelines, the AMCs and RTAs will now have to share the monthly PAN data to the depositories on or before 5th of the next month.…

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