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28 Jun

Wakefit Innovations Files DRHP with SEBI; Plans ₹468 Cr Fresh Issue as Part of Upcoming IPO

MFNewsBrands, Breaking News, Business, Health, Opinions, Shares, Travel

#WakefitInnovations #WakefitInnovationsDRHPwithSEBI #WakefitInnovationsDRHPSEBI #WakefitInnovationsIPO #WakefitInnovationsIPO468Cr Chandigarh: Wakefit Innovations Limited, India’s leading direct-to-consumer (D2C) home and sleep solutions brand, has taken a major step towards going public. The Bengaluru-based company filed its Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) to raise funds through an Initial Public Offering (IPO). According to the DRHP, the IPO will consist of a fresh issue of equity shares aggregating up to ₹468.2 crore and an Offer for Sale (OFS) of up to 5.84 crore equity shares by existing shareholders. The OFS will see participation from the promoters—Ankit Garg and…

27 Jun

JioBlackRock Broking Secures SEBI Approval to Launch Brokerage Operations in India

MFNewsBrands, Breaking News, Business, Mutual Funds, Shares, Technology

#JioBlackRock #JioBlackRockBroking #JioBlackRockSEBIApproval #JioBlackRockBrokerageOperations #JioBlackRockIndiaMilestone paves way for end-to-end, tech-driven investment ecosystem under the JioBlackRock banner Mumbai: In a major development set to further transform India’s digital investing landscape, JioBlackRock Broking Private Limited has received final approval from the Securities and Exchange Board of India (SEBI) to commence operations as a licensed brokerage firm. The broking arm is a wholly owned subsidiary of JioBlackRock Investment Advisers Private Limited, itself a joint venture between Jio Financial Services Limited (JFSL) and global asset management giant BlackRock Inc.. The SEBI nod marks the third and final regulatory approval required to fully activate the…

27 Jun

SEBI Issues Clarification on Mutual Fund Portfolio Rebalancing Rules for Passive Breaches

MFNewsBrands, Breaking News, Business, Mutual Funds, Opinions, Technology

#SEBI #SEBIClarificationMutualFund #SEBIMutualFund #MFRebalancingRules New directive brings uniformity in compliance timelines across all types of breaches, reinforcing investor protection Mumbai: In a move aimed at reinforcing transparency and consistency in mutual fund operations, the Securities and Exchange Board of India (SEBI) on Thursday issued a clarification regarding the treatment of passive breaches in actively managed mutual fund portfolios. The clarification mandates that all passive breaches—irrespective of the cause—must be addressed within the same rebalancing timelines outlined in the SEBI Master Circular, specifically paragraph 2.9. Understanding Passive vs. Active Breaches In mutual fund portfolio management, a breach refers to a situation where…

27 Jun

Bank of Baroda Organizes MSME Outreach Program in New Delhi to Strengthen Sector Growth

MFNewsBrands, Breaking News, Business, Opinions, Technology

#BankofBaroda #BOB #BankofBarodaMSMEOutreachProgram #BOBMSME #BankofBarodaSectorGrowthStrategic initiative aims to deepen engagement with MSME stakeholders and enhance financial inclusion Chandigarh: In a move that underscores its commitment to empowering India’s Micro, Small, and Medium Enterprises (MSME) sector, Bank of Baroda (BoB)—one of India’s premier public sector banks—successfully conducted an MSME Outreach Program in New Delhi. The event was held with the goal of fostering stronger relationships with existing MSME clients and reaching out to emerging enterprises across the South Delhi Region. As MSMEs continue to play a pivotal role in India’s economic development—accounting for nearly 30% of the country's GDP and a…

27 Jun

StayVista Raises Over INR 40 Crore in Series B Funding Led by JSW Ventures

MFNewsBrands, Breaking News, Business, Entertainment, Health, Technology

#StayVista #StayVistaRaisesINR40Cr #StayVistaFundingbyJSWVentures #StayVistaJSWVenturesIndia’s Largest Villa Rental Platform Aims to Strengthen Operations, Expand Footprint, and Enhance Guest Experience Chandigarh, June 26, 2025: StayVista, India’s leading luxury and premium villa rental platform, has successfully raised over INR 40 crore in its Series B funding round, led by JSW Ventures. The round also saw continued support from existing investors DSG Consumer Partners and Capri Global Family Office, reinforcing confidence in StayVista’s vision and execution. The infusion of capital marks a significant milestone in the company’s journey, providing momentum for its next phase of growth. StayVista intends to utilize the fresh funds to…

27 Jun

Taj Named India’s Strongest Brand in 2025 for the Fourth Year in a Row

MFNewsBrands, Business, Entertainment, Health, Opinions, Shares, Travel

As Ranked in Brand Finance’s 'India 100 2025' Report #Taj #IHCL #TajIndiaStrongestBrand #TajBrand Chandigarh: The Indian Hotels Company (IHCL) proudly announced that its flagship brand Taj has once again been named India’s Strongest Brand across all sectors, according to the Brand Finance ‘India 100 2025’ report. This marks the fourth consecutive year the iconic brand has secured this top honour. Mr. Puneet Chhatwal, Managing Director & CEO, IHCL, expressed his pride in the achievement:"We are honoured that Taj has been recognised as India’s Strongest Brand for the fifth time and for the fourth consecutive year. This award reaffirms the deep…

27 Jun

Vi Unveils Vi Max Family Plan with Netflix and Industry-Leading Data Benefits

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#ViMaxFamilyPlan #VI #VIwithNetflix #ViDataBenefits Chandigarh: Leading telecom provider Vi has launched its latest Vi Max Family Postpaid Plan, packed with entertainment and unmatched data offerings. Priced at ₹871, the plan includes a Netflix Basic subscription and access to up to 18 additional OTT platforms, making it one of the most comprehensive postpaid entertainment bundles in the market. All-in-One Entertainment With rising data consumption driven by entertainment, Vi’s new plan caters to this trend by bundling a Netflix Basic plan—letting users stream on one device (mobile or TV)—with an extensive library of global and Indian content. From global hits like Squid…

26 Jun

Manika Plastech Files DRHP with SEBI for IPO to Raise ₹1,150 Million

MFNewsBrands, Breaking News, Business, Shares, Technology

#ManikaPlastech #ManikaPlastechIPO #ManikaPlastechFilesDRHP #ManikaPlastechSEBI #ManikaPlastechIPOfor1150MillionINR Chandigarh: Rigid polymer packaging manufacturer Manika Plastech Limited has filed its Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) for an Initial Public Offering (IPO). The proposed offering will include a fresh issue of equity shares worth ₹1,150 million and an offer for sale (OFS) of up to 15 million equity shares by VRIDAA Holding Trust, a promoter entity. Founded by the Kapadia family — Nikunj Mohanlal Kapadia, Munjal Nikunj Kapadia, Mihir Nikunj Kapadia, and Pratik Nikunj Kapadia — alongside VRIDAA Holding Trust, Manika Plastech specializes in design-led, precision-engineered…

26 Jun

Union Mutual Fund Launches Low Duration Fund Targeting Short-Term Investors Amid Dynamic Rate Environment

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#UnionMutualFund #NFO #UnionMFNFO #UnionMFLowDurationFund #UnionMFShortTerminvestors #UnionMFRateEnvironment Chandigarh: Union Mutual Fund has announced the launch of its latest fixed income offering—Union Low Duration Fund, an open-ended debt scheme tailored to investors seeking short-term capital allocation opportunities. The New Fund Offer (NFO) opens on June 26 and will remain available for subscription until July 10, 2025. This newly launched scheme aims to provide investors with a low-risk, short-duration debt investment option with a Macaulay duration between 6 to 12 months. In an environment where interest rate movements are increasingly volatile, this fund is positioned as a smart, flexible, and structured solution for those looking to…

26 Jun

Reliance Rolls Out Multi-Faceted Support for Rath Yatra 2025 in Puri

MFNewsEntertainment, Travel

#Reliance #RelianceSupportRathYatra2025Puri #PuriRathYatra #Puri #RathYatra Bhubaneswar: As the sacred city of Puri prepares to welcome lakhs of devotees for the annual Rath Yatra, Reliance Industries Limited, through the Reliance Foundation, has launched a wide-ranging initiative to enhance the overall experience for pilgrims and support personnel attending the 13-day festival. Held every year in Odisha, the Rath Yatra draws millions of pilgrims from across India and abroad to witness the grand procession of Lord Jagannath, Balabhadra, and Subhadra, from the Jagannath Temple to Gundicha Temple. This year, Reliance has partnered closely with the Puri district administration to provide essential services aimed at…