Breaking News Archives - Page 104 of 134

16 Jun

HDB Financial Services Likely to Launch ₹12,500 Crore IPO by June-End

MFNewsBreaking News, Business, Opinions, Shares, Technology, Travel

#HDBFinancialServices #HDBIPO #HDB12500crIPO #HDBFIN #HDBFINSERVIPO Mumbai: HDB Financial Services, a subsidiary of HDFC Bank, is set to launch its highly awaited initial public offering (IPO) by the end of June, industry sources confirmed. The ₹12,500-crore IPO is poised to become the largest-ever listing by a non-banking financial company (NBFC) in India. According to sources familiar with the matter, the company has already filed its Updated Draft Red Herring Prospectus (UDRHP) and plans to submit the Red Herring Prospectus (RHP) in the coming days. The anchor investor portion is scheduled for June 24, with the public issue expected to open between…

16 Jun

EPFO Warns Members Against Unauthorized Agents; Emphasizes Use of Official Portals for Free, Secure Services

MFNewsBreaking News, Business, Health, Insurance, Opinions, Technology, Travel

#EPFO #EPFOWarnsUnauthorizedAgents #EPFOOfficialPortals #EPFOSecureServices New Delhi: The Employees’ Provident Fund Organization (EPFO) has issued a strong advisory to its members, urging them not to engage with unauthorized agents or third-party operators for accessing EPFO services. In a recent statement, EPFO emphasized that all its services are completely free and easily accessible through official digital platforms, including the EPFO portal and the UMANG App. Major Reforms for User-Friendly Services As part of its continued digital transformation, EPFO has implemented several key initiatives to streamline and secure its operations: Auto-Settlement of Claims: The limit for auto-processing of claims under illness, housing, marriage,…

16 Jun

Gold prices hit record high of Rs 1.01 lakh amid Rising geopolitical tensions

MFNewsBreaking News, Business, Opinions

#Goldprices #Gold1lakh #Goldgeopoliticaltensions Mumbai: Gold continues to trade at significantly high prices in the domestic markets as well. The price of 10 grams of 24 carat gold stood at Rs 1,01,510, according to data on Good Returns. This is slightly lower than the previous closing price cited by the site. Lat week, Israel carried out what it called as "preemptive strikes" against Iran. Israeli Prime Minister Benjamin Netanyahu said the airstrikes were aimed at key parts of Iran's nuclear and military program. Iran retaliated by launching over 100 drones at Israel, raising concerns over a possible full-blown war in the…

15 Jun

MF Industry Adds Over 3 Lakh New Investors in May; Retail and SIP Momentum Sustains Sector Growth

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

#MFIndustry #MFunds3LakhNewInvestors #NewInvestortsMay #SIPMomentum #MFGrowth Chandigarh: The Indian mutual fund (MF) industry continued its upward climb in May 2025, adding 3.19 lakh new investors and registering over 20 lakh new folios, reinforcing strong retail participation amid market optimism. With this, the total number of unique mutual fund investors has risen from 5.46 crore to 5.49 crore, according to data released by industry sources. Retail interest remained buoyant across both T30 (top 30 cities) and B30 (beyond top 30 cities) locations, reflecting deepening penetration and rising trust in mutual funds as a long-term investment avenue. Robust Growth in AUM The industry’s assets…

15 Jun

Syrma SGS Technology Charts Aggressive Growth Path with Strategic Expansions and Global Aspirations

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

Syrma SGS Technology Charts Aggressive Growth Path with Strategic Expansions and Global Aspirations #SyrmaSGS #SyrmaSGSGrowth Chennai: Syrma SGS Technology Ltd, a Chennai-based electronics manufacturing services (EMS) provider, is making bold moves to cement its position as a leading design-led electronics player in India and abroad. From expanding its manufacturing footprint to deepening R&D capabilities and tapping into high-growth sectors, Syrma SGS is scripting an ambitious growth narrative at a time when India’s electronics manufacturing is at an inflection point. 📈 Strong Financial and Operational Momentum With a robust order book of ₹5,300 crore as of December 2024, Syrma is targeting…

14 Jun

Awareness: Canara Robeco AMC has launched a bus yatra to create awareness about mutual funds in Punjab

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

#AwarenessMutualfunds #CanaraRobecoAMC #busyatra #Awarenessaboutmutualfunds #Punjab #PunjabMutualFunds Chandigarh: The bus began its journey on June 10 from Mohali and will pass through the cities of Chandigarh, Panchkula, Patiala, Ludhiana, Jalandhar and Amritsar during its 24-day journey in the state. The bus will visit prominent public areas in each city, engaging with local communities. It functions as a digital experience hub, offering educational content and interactive sessions to raise awareness about mutual funds through videos and face-to-face interactions. Rajnish Narula, Managing Director and Chief Executive Officer, Canara Robeco AMC said, “As part of our continued commitment, we are bringing our Nivesh Yatra…

14 Jun

IndusInd Bank signs MoU with Indian Institute of Management Lucknow Enterprise Incubation Centre

MFNewsBrands, Breaking News, Business, Entertainment, Opinions, Shares, Technology

#IndusIndBank #IndusIndBankIIMLucknow #MoU #IIMLucknow #EnterpriseIncubationCentre MOU to Boost Innovation-driven Entrepreneurship Chandigarh: IndusInd Bank has signed a Memorandum of Understanding (MoU) with the Enterprise Incubation Centre at Indian Institute of Management Lucknow (IIML-EIC) to empower startups through a combination of customized financial and innovation-led support solutions. The MoU is a significant step towards encouraging a robust 'banking and beyond banking' ecosystem, promoting innovation and sustainable growth for startups across sectors and stages. It reflects IndusInd Bank’s ongoing commitment to bolster the startup ecosystem and support their growing contribution to the Indian economy. The MoU aims to support Indian startups across various stages and…

14 Jun

ARISINFRA SOLUTIONS LIMITED Rs. 499.59 CRORE IPO TO OPEN ON Wednesday, 18 JUNE 2025

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

#IPO #ARISINFRASOLUTIONSIPO #ARISINFRASOLUTIONS · Price Band fixed at ₹ 210 to ₹ 222 per Equity Share of face value of ₹ 2 each (“Equity Share”) · Bid /Offer will open on Wednesday, June 18, 2025 and close on Friday, June 20, 2025. The Anchor Investor Bidding Data Shall be Tuesday, June 17, 2025; · RHP link: https://www.sebi.gov.in/filings/public-issues/jun-2025/arisinfra-solutions-limited-rhp_94545.html Chandigarh: Arisinfra Solutions Ltd (“ASL” or “The Company”) shall open its Bid / Issue in relation to its initial public offer of Equity Shares on Wednesday, June 18, 2025. The Anchor Investor Bidding Date shall be Tuesday, June 17, 2025. The Bid/Issue will…

14 Jun

Silver ETFs See 125% AUM Growth in a Year, Outshine Gold ETFs

MFNewsBrands, Breaking News, Business, Opinions, Technology

Silver ETFs See 125% AUM Growth in a Year, Outshine Gold ETFs Retail interest surges as silver prices hit 13-year high; folios cross 8.3 lakh Mumbai: Silver exchange-traded funds (ETFs) are gaining momentum in Indian markets, posting a staggering 125.68% rise in assets under management (AUM) over the past year. According to AMFI data, AUM jumped from ₹7,473 crore in June 2024 to ₹16,866 crore in May 2025, outpacing the 81.78% growth seen in gold ETFs during the same period. The rally reflects a growing shift in investor preference, with silver gaining ground as both a safe-haven asset and industrial…

13 Jun

Gold Prices Breach ₹1 Lakh Mark on MCX for First Time Ever

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

#Gold #GoldPrice #Gold1lakh Geopolitical tensions, weak rupee, and global safe-haven demand drive record rally Mumbai: Gold prices in India soared to an all-time high on Friday, crossing the historic ₹1 lakh per 10-gram level on the Multi Commodity Exchange (MCX) for the first time. The sharp rally reflects a perfect storm of international and domestic economic factors, including geopolitical instability, currency depreciation, and heightened demand for safe-haven assets. 🔺 Prices Hit ₹1,00,403 in Early Trade Domestic gold futures rose by over 2% in morning trade, peaking at ₹1,00,403 per 10 grams. This psychological breakthrough comes amid increasing investor concern over…