Breaking News Archives - Page 107 of 134

09 Jun

NFO: Baroda BNP Paribas MF launches Healthcare and Wellness Fund, Close on 23 June

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#NFO #BarodaBNPParibasMF #BarodaBNPParibasHealthcareFund #BarodaBNPParibasHealthcareWellnessFund Chandigarh: Baroda BNP Paribas Asset Management India has launched a new thematic equity scheme—Baroda BNP Paribas Health and Wellness Fund. The New Fund Offer (NFO) opened for subscription on June 9, 2025, and will close on June 23, 2025. The open-ended equity scheme aims to tap into the growing demand for healthcare and wellness—both in India and globally. The fund will invest in companies that stand to benefit from long-term structural growth in these sectors. According to the fund house, India’s healthcare sector is at an inflection point. Per capita healthcare expenditure remains low compared…

09 Jun

New Stock: Lenskart converts to public entity ahead of potential $1-billion IPO

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#Lenskart #Lenskart1billionUSDIPO #LenskartIPO Mumbai: Indian Global Eyewear retailer Lenskart has officially become a public company, a key milestone as the Gurugram-based company prepares to launch its initial public offering (IPO). The company’s board passed a special resolution to change its name from Lenskart Solutions Private Limited to Lenskart Solutions Limited during an extraordinary general meeting on May 30. The move signals Lenskart’s intent to list on one or more Indian stock exchanges, though the company has not yet disclosed the size or the timing of the issue. In its filing, Lenskart said the name change would allow it to proceed…

08 Jun

Vedanta’s NCDs issue oversubscribed, Co. to repay high-cost loan saving ₹350 Cr annually

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#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,…

08 Jun

No Easy Loan On Gold: RBI issues New harmonised guidelines for Lending against gold, silver loans

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#RBI #RBIGOLDLOAN #GoldLoans #RBINewGuidelineonGoldLoans #NewGuidelineonGoldLoans RBI restricts lending against gold bullion In Indian Markets New Delhi: The Reserve Bank of India (RBI) on Friday restricted lending against primary gold, such as gold bullion, citing broader macro-prudential concerns and the speculative and non-productive nature of such assets. However, regulated entities (REs) are permitted to extend loans against collateral in the form of gold jewellery, ornaments, and coins to meet the short-term financing needs of borrowers. The RBI noted that prudential and conduct-related regulations for such loans have been issued over time for various types of REs. While the RBI’s core regulatory…

07 Jun

New Deribative: MCX gets SEBI greenlight to launch electricity derivatives

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#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…

07 Jun

Benefit: Insurers relax health insurance norms for diabetes, heart conditions

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#Healthinsurance #Healthinsurancerelief #easedunderwritingnorms Chandigarh: Health insurance is becoming more accessible for individuals with chronic and lifestyle-related diseases, according to a Policybazaar note. Insurers have eased underwriting norms, allowing people with conditions such as diabetes, heart disease, and arthritis to secure coverage more easily. Several insurers, including Niva Bupa, Care Health, ABHI, and Star Health, now accept higher HbA1c levels for individuals with well-managed Type 2 diabetes. This change widens the scope for people who were previously denied coverage due to borderline or slightly elevated sugar levels. The Body Mass Index (BMI) cutoffs have also been revised across many plans. Overweight and mildly…

06 Jun

Mutual Funds: Canara Robeco Mutual Fund to rename three equity schemes from June 20

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#CanaraRobeco #CanaraRobecoMFrename3equityschemes Chandigarh: Canara Robeco Mutual Fund has changed the names of three of its equity schemes. The changes are effective from June 20, 2025. Here are the revised names: Canara Robeco Focused Equity Fund is now Canara Robeco Focused Fund Canara Robeco Emerging Equities Fund is now Canara Robeco Large and Mid Cap Fund Canara Robeco Bluechip Equity Fund is now Canara Robeco Large Cap Fund The fund house clarified that these are name changes only. There is no change in investment strategy, asset allocation, or risk profile of the schemes. Existing investors will not face any impact due…

06 Jun

SEBI’s ESG Bond Framework, L&T announces India’s first Listed ESG Bond Deal in partnership with HSBC

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#SEBIESGBond #LandTESGBondDeal #LandTHSBC Chandigarh: Larsen & Toubro (L&T) has announced a Rs 500 crore ESG bond issuance deal, becoming the first Indian corporate to do so under the Securities and Exchange Board of India’s (SEBI) newly introduced ESG and sustainability-linked bond framework. HSBC is acting as the sole lead arranger in this transaction. The issuance is compliant with SEBI’s regulatory framework announced on Thursday (5 June), which is designed to promote transparency, accountability, and alignment with international ESG standards. The framework outlines key requirements for issuers, including the disclosure of sustainability objectives, mandatory external assessments such as Second-Party Opinions (SPOs),…

06 Jun

SIF in India: Mirae Asset launches ‘Platinum SIF’ brand to offer Specialised Investment Funds for Investors

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#SIFinIndiaMirae #MiraeAsset #MiraeAssetPlatinumSIF #PlatinumSIF Mumbai: Mirae Asset Investment Managers (India) has launched Platinum SIF, a new brand under Mirae Asset Mutual Fund aimed at offering Specialised Investment Funds (SIFs). The move marks a shift in the fund house’s approach to product innovation. The company plans to introduce differentiated investment strategies across equity, hybrid, and fixed income categories within the mutual fund structure. “With Platinum, we are laying the foundation for a new phase in our product journey,” said Swarup Anand Mohanty, Vice Chairman & CEO, Mirae Asset AMC. He added that the goal is to provide sharper, strategy-led approaches while ensuring…

06 Jun

Jio empowers more than 8 lakh premises with JioFiber and Jio AirFiber services across Punjab

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#Jio #JioPunjab #JioPunjab8lakhJioFiber #JioAirFiberPunjab #JioAirFiber Chandigarh: Driving digital inclusion in the vast urban and rural areas across Punjab, Reliance Jio has connected more than 8 lakh houses and business premises in the state with high-speed broadband and world class home entertainment by rapidly expanding its JioFiber and Jio AirFiber services. As per the latest data released by TRAI, Reliance Jio’s 5G FWA service - JioAirFiber is leading with a huge market share of 86 % in Punjab. JioAirFiber has around 4 lakh subscribers in the state, while its competitor, a distant second, lags far behind with only around 65 thousand subscribers…