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12 Jun

Jana Small Finance Bank Applies to RBI for Universal Banking License

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#JanaSmallFinanceBank #JanaSFBankAppliestoRBI #JanaSFBankBankingLicense Chandigarh: Jana Small Finance Bank (Jana SFB), one of India’s leading small finance banks, is pleased to announce that it has formally submitted an application to the Reserve Bank of India (RBI) seeking approval to transition into a Universal Bank. This strategic move marks a significant milestone in Jana Bank’s growth journey and reflects its long-term commitment to financial inclusion, innovation, and sustainable banking. Over the past several years, Jana SFB has successfully built a strong retail and MSME franchise, expanded its digital and physical footprint across the country, and consistently delivered on key financial and governance metrics. “Applying…

12 Jun

SBI hires 13,455 Junior Associates to enhance customer experience

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#SBI #SBIhires13455Associates #SBIcustomerexperience · SBI Chairman: We further aim to strengthen our human resource capabilities by implementing structured skill development programmes aligned with evolving functional and technological requirements Chandigarh: State Bank of India, the nation’s largest and most trusted bank, has hired 13,455 Junior Associates to enhance customer experience at Bank’s branches across the country. The list of selected candidates is now available on the Bank’s official careers portal. The recruitment aimed to fill vacancies across 35 States and Union Territories, making it one of the significant hiring efforts in the industry. The selection process commenced with Preliminary Examinations held…

11 Jun

JioBlackRock जियोब्लैकरॉक इन्वेस्टमेंट एडवाइजर्स को ‘निवेश सलाहकार’ के तौर पर सेबी की मंजूरी

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#JioBlackRockSEBI #InvestmentAdvisers #JioBlackRockadvisorybusiness • मार्क पिलग्रेम को एमडी और सीईओ नियुक्त किया गया New Delhi: नई दिल्ली: जियो ब्लैकरॉक इन्वेस्टमेंट एडवाइजर्स प्राइवेट लिमिटेड को भारत में निवेश सलाहकार के रूप में बिजनेस शुरू करने के लिए भारतीय प्रतिभूति और विनिमय बोर्ड (सेबी) और बीएसई लिमिटेड की मंजूरी मिल गई है। जियो फाइनेंशियल सर्विसेज लिमिटेड (जेएफएसएल) और अमेरिका की ब्लैकरॉक इंक का संयुक्त उद्यम है जियो ब्लैकरॉक इन्वेस्टमेंट एडवाइजर्स प्राइवेट लिमिटेड। वैश्विक वित्तीय सेवा क्षेत्र में 25 से अधिक वर्षों का अनुभव रखने वाले मार्क पिलग्रेम को कंपनी का एमडी और सीईओ नियुक्त किया गया है। इससे पहले 27 मई को…

11 Jun

NFO: ICICI Prudential Mutual Fund Unveils Two New Funds Tracking Nifty Top 15 Equal Weight Index

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#NFO #ICICIPrudentialMutualFund #ICICIPRUNiftyTop15 #ICICIPRUEqualWeightIndexFund Mumbai: ICICI Prudential Mutual Fund has launched two new passive investment schemes — the ICICI Prudential Nifty Top 15 Equal Weight ETF and the ICICI Prudential Nifty Top 15 Equal Weight Index Fund — offering investors a unique opportunity to gain exposure to India's top-performing large-cap companies through a diversified, rules-based approach. The New Fund Offer (NFO) for both schemes opened on June 10 and will remain available until June 24, 2025. Equal Weight Strategy for Balanced Exposure Both funds track the Nifty Top 15 Equal Weight Total Return Index (TRI), which includes the top 15…

11 Jun

Mitsubishi Electric India launches CSR initiative to build a sustainable lake ecosystem

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#MitsubishiElectricIndia #MitsubishiElectricCSR #Mitsubishilakeecos #climateresilience Pune: On the occasion of World Environment Day, Mitsubishi Electric India, a recognized world leader in the manufacturing, marketing, and sales of electrical and electronic equipment, has launched a Corporate Social Responsibility (CSR) initiative in collaboration with Earthwatch Institute India. Focused on conserving waterbodies and the biodiversity surrounding them, the project is being implemented in the regions of Talegaon Dabhade, and Pimpri Chinchwad, near Pune. This initiative extends beyond waterbody conservation, it seeks to drive lasting change by fostering connections between people, nature, and education. Aligned with Mitsubishi Electric India’s commitment to the United Nations Sustainable Development…

11 Jun

Dabur Reaffirms Commitment to General Trade Partners

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#Dabur #DaburCommitedGeneralTrade #DaburPartnersPartners Mumbai: India’s leading Ayurvedic and Natural Health Care and FMCG Company Dabur India Limited today reiterated its unwavering commitment to the General Trade stockists, acknowledging them as the true backbone of its distribution ecosystem. This reaffirmation came during a meeting in Mumbai between Dabur India Limited Chief Executive Officer Mr. Mohit Malhotra and the All-India Consumer Products Distributors Federation (AICPDF), where both sides exchanged views on the evolving market landscape and strategies to tap the emerging opportunities. “Our General Trade stockist partners are not just channels of distribution, they are our growth partners, our frontline ambassadors, and the…

11 Jun

Business Cycle Funds: Riding the Economic Waves for Strategic Returns

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#BusinessCycleFunds #BandhanAMC #VishalBiraia #RidingEconomicWaves #StrategicReturns #BandhanAMCVishalBiraia Business Cycle Funds: Riding the Economic Waves for Strategic Returns - By Vishal Biraia, Vice President – Equity, Bandhan AMC Mumbai: In an increasingly dynamic economic environment, investors are seeking strategies that go beyond static allocations and offer the flexibility to adapt to changing conditions. One such approach gaining traction is the business cycle fund a category of equity mutual funds designed to align portfolio allocations with the different phases of the economic cycle. Unlike traditional equity funds that maintain a relatively fixed sector allocation, business cycle funds adopt a more proactive, top-down investment strategy.…

11 Jun

GIFT City: Tata Asset Management gets IFSCA nod to begin operations

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#GIFTCity #TataAssetManagement #TataAMCIFSCA Mumbai: Tata Asset Management Private has received regulatory approval from the International Financial Services Centres Authority (IFSCA) to start operations at GIFT City, Gujarat. The entity will operate as a Registered Fund Management Entity (Retail) under the IFSC framework. The approval enables Tata Asset Management to expand its global presence and offer a broader range of offshore investment products. The GIFT City branch will serve foreign nationals, NRIs, family offices, government entities, and institutional investors. The move also opens up opportunities for outbound investments by Indian investors under the Liberalised Remittance Scheme (LRS). The company aims to…

11 Jun

NFO: Star Union Dai-ichi Life with Policybazaar to offer SUD Life NIFTY Alpha 50 Index Pension Fund

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#NFO #StarUnionDaiichiLife #Policybazaar #SUDLifeNIFTYFund #StarUniDaiPensionFund #Alpha50IndexPensionFund #PensionFund Chandigarh: Star Union Dai-ichi Life Insurance Co. Ltd. (SUD Life) has partnered with Policybazaar to offer SUD Life NIFTY Alpha 50 Index Pension Fund, a new, high-potential equity fund designed for its ULIP Pension product, SUD Life Pension Plus. This innovative fund is set to empower customers by offering a strategic avenue for long-term wealth creation, aiming to deliver superior returns that can significantly bolster their retirement savings and help build a more resilient financial future. SUD Life NIFTY Alpha 50 Index Pension Fund brings a focused approach to long-term wealth creation by…

11 Jun

Uber Reserve bookings nearly triple on year as more Indians use journey planning option

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#Uber #UberReservebookings #UberRBtriple #UberIndia Chandigarh: Uber today released key 2024 trends for Uber Reserve, its pre-scheduled ride option, showing a sharp rise in usage across Indian cities as more riders explore the advance-travel-booking feature. With bookings growing close to 200% year-on-year, Reserve is becoming the preferred choice for riders looking for reliability, especially for odd-hour airport trips, festival travel, and business commutes. Nearly one in four airport drop-offs now happen via Reserve, showing growing demand for certainty when timing matters most, with Delhi, Bangalore, Mumbai, Hyderabad, and Chennai leading in usage. Airport drop-offs were the primary use case for Reserve…