Mumbai: Jio BlackRock Mutual Fund, the joint venture between Mukesh Ambani’s digital-first NBFC Jio Financial Services and the world’s leading asset management company BlackRock Inc, has announced the NFO for its first actively managed equity fund- Jio BlackRock Flexi Cap Fund. The NFO opened for subscription on September 23 and will close on October 7, 2025. Retail investors can start with as little as Rs.500 through SIP or lump sum investments. By blending human expertise with AI, we aim to build smarter portfolios. JioBlackRock Flexi Cap Fund, powered by Systematic Active Equity (SAE)*, combines the insight of fund managers with…
Author: Abizar Attari
Abizar Attari
I’ve always had a fascination with storytelling. Analyzing diverse perspectives and helping people understanding them simply is my life’s motto. I live to create stories that you’d love to read. When I’m not writing, you'll find me having a leisurely stroll on the beach or in the park.
Read More
Mumbai: Bajaj Electricals Ltd (BEL)’s board has given the go-ahead to acquire the Morphy Richards brand across India, Sri Lanka, Nepal, Bhutan, the Maldives and Bangladesh. The deal is expected to be worth Rs.146 crore, excluding taxes and other duties. “We wish to inform you that the Board of Directors of the Company, at its meeting held today, i.e., on September 23, 2025 (“Board Meeting”), has given its consent to a proposal for the acquisition of the ‘Morphy Richards’ brand and related intellectual property rights (“Business IP” / “MR Brand”) in the territories of India, Nepal, Bhutan, Bangladesh, the Maldives,…
Mumbai: Engineering major L&T has announced a partnership with defence giant Bharat Electronics Limited (BEL) to collaborate for the development of India’s 5th generation Advanced Medium Combat Aircraft (AMCA). The consortium aims to participate in the Expression of Interest notice issued by the Government of India’s (GoI) Aeronautical Development Agency by submitting a response in the coming weeks. “The collaboration with BEL marks a significant leap in our commitment to the modernisation of India’s defence capabilities. We are honoured to be working with BEL to deliver next-generation technologies for the Indian Air Force. Both the organisations are leaders in our…
New Delhi: Sonata Software has announced that it has won the 2025-26 Microsoft AI Business Solutions Inner Circle Award for the fifth time, according to a press release to the bourses. This recognition cements Sonata Software’s ability to work closely with Microsoft’s inner development team to meet strategic goals and offer customized AI-enabled solutions for its clients. The Bengaluru-based company has been a key Microsoft partner, working with the company to offer its customers advanced solutions based on Azure, Data and Analytics, and Dynamics 365. “Winning the Inner Circle recognition for the fifth time reflects not just our consistent performance…
New Delhi: Hindustan Construction Company (HCC) has won two major contracts from the Patna Metro Rail Corporation Ltd (PMRCL) to construct critical underground tunnels and stations for Phase I of the project. The two contracts, valued at ₹ 1,418 and ₹ 1,147 crores involves constructing 10.67km of underground tunnels. For Package PC-05, the company will use Tunnel Boring Machines (TBMs), a cut and cover tunnel and an underground ramp at Mithapur, besides three metro stations- Vikas Bhavan, Vidyut Bhavan and Patna Station. Similarly, for Package PC-06, the company will construct an underground ramp at Rukanpura along with three metro stations-…
The interest in the stock market is at an all-time high. Mutual Funds are pumping money into the most prominent stocks, on the back of their reputations for multibagger returns. Leading stock market experts say many Indian stocks are overvalued, partly because they are trading at a premium, with investors willing to pay a higher price with the hope that the prices will rise further. The result? Sensex has remained mostly stagnant, with a negative growth of -2% year to date. Yet, leading market experts remain bullish on specific stocks, mainly on the back of consistent demand, stable economic policy…
Bengaluru: Realty major Brigade Group has entered into an agreement to launch a new residential project in Banashankari 5th stage, South Bengaluru, with a gross development value (GDV) of approximately Rs.1,200 crore. This development, spread across 7.5 acres will be used to deliver high-quality luxury homes for the city’s IT-driven urban population. “Banashankari represents a unique blend of heritage and connectivity, supported by social and physical infrastructure, making it ideal for quality residential development. With Bengaluru evolving, we remain dedicated to delivering thoughtfully designed homes that not only elevate urban living but also contribute meaningfully to the city’s growth and…
The US Dollar has been central to the global economy since the Second World War, and it has remained that way for more than eighty years- despite accusations of the US misusing the dollar to target its adversaries with sanctions, and the lack of access to capital for emerging markets. That hegemony is under threat, especially for highly indebted countries like Bolivia and Argentina, whose local currencies have become worthless due to hyperinflation. For ordinary citizens, hyperinflation has meant a daily struggle with transactions, forcing them to keep their savings in US dollars at home even as prices of daily…
Mumbai: Transformer Manufacturer Atlanta Electricals’ Rs.687 crore IPO opens today, with the price band of Rs.718-754 per share. The company will issue new shares worth Rs.400 crore along with an Offer For Sale (OFS) component of equity shares up to 38.10 lakh shares. The company aims to use the proceeds to fund its working capital requirements, repay debt, and cover other corporate expenses. The issue closes on Wednesday, September 24. The Anand, Gujarat-based company is India’s leading transformer maker, with major public utilities being its major clients. Currently, the company has a strong order book of Rs.1,642 crore as of…
New Delhi: AC manufacturing giant Amber Enterprises announced the acquisition of ILJIN Holdings, an Israel-based company, to strengthen its position as a consumer durables electronics manufacturer. The company, which holds about 25% of the market share in India’s room air conditioning (RAC) market, aims to diversify into related segments to hedge against the seasonal nature of the business. Incorporated earlier this month in Israel, ILJIN Holdings will serve as a Special Purpose Vehicle (SPV) to facilitate the company’s international investments and acquisitions, paving the way for further expansion. The company has recently acquired a majority stake in Israel-based Unitronics and…
