SIPs for first-timers, lumpsums for veterans in JioBlackRock Flexi Cap Fund: Rishi Kohli

SIPs for first-timers, lumpsums for veterans in JioBlackRock Flexi Cap Fund: Rishi Kohli

Amid current economic indicators and shifting geopolitical dynamics, Rishi Kohli, CIO of JioBlackRock Mutual Fund, recommends that first time investors may go for SIPs in the JioBlackRock Flexi Cap Fund whereas seasoned investors who understand the market cycles better may go for lumpsum investment in the fund. The CIO in an exclusive webinar said that, … Read more

Kumar Mangalam Birla’s Grasim gets cheapest rupee bond deal in 5 years

Kumar Mangalam Birla’s Grasim gets cheapest rupee bond deal in 5 years

Grasim Industries Ltd. has secured its lowest-cost local-currency bond since June 2020, a sign that interest rate cuts and recent cash infusions by the Indian central bank are benefiting companies. The flagship of billionaire Kumar Mangalam Birla plans to raise as much as 10 billion rupees ($117 million) selling a bond due in five years, … Read more

‘Jio, LIC and now…’: Insurance expert reacts to new players in general insurance sector

‘Jio, LIC and now…’: Insurance expert reacts to new players in general insurance sector

Baba Ramdev’s Patanjali Ayurved, a prominent Indian consumer goods company, has made its foray into the general insurance industry through the acquisition of a majority stake in Magma General Insurance. According to the agreement, Patanjali Ayurved and DS Group, the maker of Rajnigandha, will purchase Magma General Insurance from Sanoti Properties LLP for a valuation … Read more

Fake investment advice: RBI warns investors on expert deepfake videos circulated over social media

Fake investment advice: RBI warns investors on expert deepfake videos circulated over social media

The Reserve Bank of India issued a warning to investors on Tuesday regarding fraudulent “deepfake” videos of the governor being shared on social media. These videos falsely claim the launch or endorsement of certain investment schemes by the central bank.  In an official statement, the RBI advised the public to be cautious of “deepfake videos … Read more

RIL sets October 28 as record date for 1:1 bonus share

RIL sets October 28 as record date for 1:1 bonus share

Oil-to-retail conglomerate Reliance Industries (RIL) has fixed Monday, October 28, 2024 as the record date for determining shareholders eligible for the issue of 1:1 bonus shares, for which it got approval from shareholders. The company in a filing to the stock exchanges also said that it has received shareholders’ approval for increasing its authorised share … Read more

Jio Fin-BlackRock gets Sebi nod to start MF business

Jio Fin-BlackRock gets Sebi nod to start MF business

Mumbai: The joint venture between Mukesh Ambani-owned Jio Financial Services and BlackRock, the world’s largest asset manager, for starting a mutual fund business in India has received the Securities and Exchange Board of India’s in-principle approval, according to an exchange filing on Friday. The capital markets regulator gave the nod on October 3, said Jio … Read more

RIL bonus shares record date likely in October? Here’s what data suggests

RIL bonus shares record date likely in October? Here’s what data suggests

Calling it an ‘early Diwali gift’, Mukesh Ambai-owned Reliance Industries approved a 1:1 bonus share issue earlier this week and the historical data suggests that the record date might be in October. “The Board of Directors of Reliance Industries Limited (RIL) today approved the issue of bonus shares in the ratio of 1:1 i.e. every … Read more