MFNews

#PoonawallaFincorp  #PoonawallaFinDigiLoansMSMEs #DigitalLoansforMSMEs Chandigarh: Poonawalla Fincorp Limited (PFL), a Cyrus Poonawalla Group-promoted NBFC focused on consumer and MSME lending, today announced the launch of Business Loan 24/7, an industry-first digital loan solution backed by a pioneering digital risk assessment model tailored for micro, small, and medium enterprises (MSMEs). This innovative offering provides instant approval with a risk-first approach and flexible repayment options. Designed to address the credit needs of MSMEs with speed, convenience, and simplicity, Business Loan 24/7 offers a fully digital onboarding and approval journey through a Straight Through Processing (STP) model. This eliminates the need for branch visits…

#JioBlackRockAM #JioBlackRockEarly #JioBlackRockWebsite Introduces and showcases a preview of the business proposition, providing valuable insights for investor education and engagement. Mumbai: Jio BlackRock Asset Management Private Limited (JioBlackRock Asset Management), a 50:50 joint venture between Jio Financial Services Limited (JFSL) [BSE, NSE: JIOFIN] and BlackRock* [NYSE: BLK], announces the appointment of its executive leadership team and the launch of its website along with an exclusive early access initiative. JioBlackRock Asset Management’s leadership team brings together asset management experience, digital innovation and customer-centric product design. Together, the team is set to deliver JioBlackRock’s mission to transform investing in India by making it…

#Vedanta #VedantaNCDsissue  ·      Company received final bids of more than Rs. 6500 crore, indicating 60% oversubscription on the base issue of ₹4100 crores. Chandigarh: Mining Major Vedanta Ltd. plans to deploy funds from the ₹5000 crore raised through its unsecured non-convertible debenture (NCD) issue to pay-down a high-cost private credit facility of ₹3,400 crore, potentially reducing its annual interest burden by at least ₹350 crore, according to a person familiar with the matter. The remaining funds will likely be used for ongoing Capex requirements, general corporate purposes, and repayment or prepayment of existing debts, the person added. The NCD offering,…

#MCX  #SEBI #MCXSEBIelectricityderivatives #electricityderivatives #derivatives Chandigarh: India’s largest commodity exchange, MCX, has received SEBI approval to launch electricity derivatives, offering power firms and large consumers a regulated tool to hedge price volatility amid evolving energy dynamics. The Multi Commodity Exchange of India (MCX) on Friday announced it has secured approval from the Securities and Exchange Board of India (SEBI) to introduce electricity derivatives—a significant development for India's energy and commodities market. The contracts will provide power generators, distribution companies, and large industrial consumers with a transparent, regulated platform to hedge against price volatility and manage market risks more effectively. This move comes…