Blog - Page 131 of 201

25 May

Edelweiss AMC launches ‘altiva SIF’ brand to expand Specialised Investment Funds offering

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#EdelweissAMCaltivaSIF Mumbai: The altiva SIF platform aims to provide diversified investment solutions across equity, hybrid, and fixed income categories, addressing the evolving needs of investors seeking alternatives beyond traditional mutual funds. Edelweiss Asset Management Limited (AMC) has introduced a new brand identity, altiva SIF, to represent its Specialised Investment Funds (SIFs) business. The move positions Edelweiss AMC among the early entrants into the emerging SIF space. The altiva SIF platform aims to provide diversified investment solutions across equity, hybrid, and fixed income categories, addressing the evolving needs of investors seeking alternatives beyond traditional mutual funds. Radhika Gupta, Managing Director and…

25 May

NFO: Union MF launches Income Plus Arbitrage Active FoF, Close on 05 June

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#UnionMFFoF #UnionMFIncomePlusArbitrageFoF Chandigarh: Union Mutual Fund launches an open-ended Fund of Fund combining arbitrage and debt schemes, with NFO open from May 22 to June 5, 2025. Union Mutual Fund has introduced a new open-ended scheme – Union Income Plus Arbitrage Active Fund of Fund (FoF). The fund combines exposure to arbitrage strategies and debt-oriented mutual fund schemes. Subscriptions for the New Fund Offer (NFO) open on May 22, 2025, and close on June 5, 2025. The scheme will reopen for continuous purchase and redemption within 5 working days from the date of allotment. Fund Overview Fund Name: Union Income Plus…

25 May

Employees Provident Fund Body EPFO Retains 8.25% Interest For FY25

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#EPFOInterestrateFY25 New Delhi: The government has ratified the rate of interest on employees' provident fund at 8.25 per cent for FY25, enabling retirement fund body EPFO to deposit the annual interest accumulation in the post-retirement funds of over 7 crore subscribers. EPFO, on February 28, had decided to retain the interest rate of 8.25 per cent on employees' provident fund (EPF) deposits for the financial year 2024-25, equal to the rate provided in the preceding fiscal. The approved rate of interest for 2024-25 was sent for concurrence of the Ministry of Finance. "Ministry of Finance has given concurrence to 8.25…

24 May

SCODA TUBES LIMITED ₹220 CRORE IPO TO OPEN ON MAY 28, 2025, Price Band ₹130 to ₹140

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#SCODATUBESIPOon28May #ScodaTubesIPO · Price Band fixed at ₹130 to ₹140 per Equity Share of face value of ₹ 10 each (“Equity Shares”); · Bids can be made for a minimum of 100 Equity Shares and in multiples of 100 Equity Shares thereafter; · RHP link: https://www.mnclgroup.com/storage/scoda-tubes-rhp.pdf Chandigarh: Scoda Tubes Limited (“STL” or “The Company”) shall open its Bid / Issue in relation to its initial public offer of Equity Shares on Wednesday, May 28, 2025. The Anchor Investor Bidding Date shall be Tuesday, May 27, 2025. The Bid/Issue will open on Wednesday, May 28, 2025 for subscription and will close on Friday,…

24 May

Axis AMC Announces the Final Close of Axis Structured Credit AIF II at ~INR 740 Crores

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#AxisAMC #AxisStructuredCreditAIF Chandigarh: Axis Asset Management Company (Axis AMC), one of India’s fastest growing asset management companies is pleased to announce the final close of Axis Structured Credit AIF II, successfully raising commitments of approximately INR 740 crores. The fund has garnered significant interest from investors, reinforcing the firm’s position in the structured credit investment space. The fund received strong backing from a diverse investor base, with close to more than half of commitments coming from institutional investors, including insurance companies, corporates (both listed and unlisted), and family offices. The remaining commitments were secured from HNIs and wealth management channels,…

24 May

Glance AI Launches AI-Native Commerce Platform Built on Deep Commerce Intelligence and Hyper-Real Visual Shopping

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#GlanceAINative #GlanceBuiltDeepCommerceIntelligence Powered by Proprietary AI Architecture Fusing Predictive Intelligence, Neural Visualization and Real-time Orchestration, Glance AI to Reimagine AI Commerce · Gen AI Powered Discovery: Glance AI replaces search with inspiration, letting users discover AI-curated looks instantly styled on them, just by uploading a selfie or image. · Hyper Realistic Visualization: Using advanced diffusion and geometry modelling, Glance AI delivers photorealistic renderings tailored to each user’s body, style, skin and more. Chandigarh: In a pivotal moment for global commerce and AI innovation, Glance, a leading consumer technology company backed by Google, has unveiled Glance AI, an AI-native commerce platform…

24 May

Tata Steel inaugurates Phase II expansion of Kalinganagar operations

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#TataSteelexpansionKalinganagar ~ Annual capacity of the state-of-the-art facility in Odisha jumps from 3 to 8 million tonnes with an investment of Rs 27,000 crore ~ Chandigarh: Hon’ble Chief Minister of Odisha Shri Mohan Charan Majhi today inaugurated the expanded Tata Steel Kalinganagar (TSK) plant, taking the crude steel capacity from 3 to 8 million tonnes per annum (MTPA). The inauguration event was held at the Kalinganagar plant in Jajpur district, in the presence of senior state leaders, members of the local community, Tata Steel’s CEO & MD T. V. Narendran, and other members of the senior leadership. Shri Pradeep Bal Samanta,…

24 May

RCU AND ARABIAN LEOPARD FUND ANNOUNCE MAJOR CONSERVATION COOPERATIVE AGREEMENT WITH SMITHSONIAN’S NATIONAL ZOO AND CONSERVATION BIOLOGY INSTITUTE

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#RCUARABIANLEOPARDFUND #RCUMOUWITHSMITHSONIAN AlUla, KSA: The Royal Commission for AlUla (RCU) and the Arabian Leopard Fund (ALF) are spearheading a dynamic global effort to save the critically endangered Arabian leopard. Today's announcement of a significant cooperative agreement between RCU and the Smithsonian's National Zoo and Conservation Biology Institute (NZCBI) will see two Arabian leopards travel to Washington, D.C., to protect biodiversity and enhance environmental sustainability. This collaboration is a vital component of RCU's broader strategy to expand its international ecosystem of conservation partners, facilitated by ALF as the primary vehicle for driving global cooperation and coordinating cross-border scientific action to ensure the…

24 May

Venus Remedies Secures Ukrainian GMP Renewal, Strengthening Global Pharmaceutical Presence

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#VenusRemediesUkrainianGMP Chandigarh: Venus Remedies Limited (NSE: VENUSREM, BSE: 526953), a leading global pharmaceutical company, has successfully renewed its Good Manufacturing Practices (GMP) certification from Ukraine's State Service on Medicines and Drugs Control (SMDC). The certification applies to the company's Unit-II manufacturing facility located in Baddi, Himachal Pradesh, covering its cephalosporin, non-cephalosporin (carbapenem), and oncology parenteral production lines, including liquid and lyophilized injections. "Renewal of the Ukrainian GMP certification underlines our unwavering commitment to maintaining world-class manufacturing standards. This milestone not only reinforces our foothold in the Ukrainian market but also facilitates deeper penetration into PIC/S markets, significantly enhancing our international…

24 May

रिलायंस ने पूर्वोत्तर राज्यों के लिए रखा 75 हजार करोड़ का निवेश लक्ष्य

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#Relianceinvestment75000croreNE • 25 लाख नए रोजगार मिलेंगे • इस वर्ष पूर्वोत्तर में 1 करोड़ लोग जियो 5जी नेटवर्क से जुड़ जाएंगे • 350 बायोगैस संयंत्र लगाएगी रिलायंस नई दिल्ली: रिलायंस इंडस्ट्रीज के चेयरमैन मुकेश अंबानी ने पूर्वोत्तर राज्यों में अपने निवेश को 75 हजार करोड़ करने का लक्ष्य रखा है। अभी कंपनी का इन राज्यों में करीब 30 हजार करोड़ का निवेश है। यानी अगले पांच वर्षों में रिलायंस इन राज्यों में करीब 45 हजार करोड़ रुपये का नया निवेश करने जा रही है। मुकेश अंबानी दिल्ली के भारत मंडपम में चल रही ‘राइजिंग नॉर्थईस्ट इन्वेस्टर्स समिट’ में बोल रहे…