Breaking News Archives - Page 96 of 134

07 Jul

Smartworks Coworking Spaces IPO Opens July 10; Price Band Set at ₹387–407 per Share

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

#SmartworksIPO #CoworkingIPO #StartupIndia #FlexibleWorkspace #IPOAlert #IndianStockMarket #RealEstateTech #SmartworksListing Chandigarh: Smartworks Coworking Spaces, a leading provider of managed office solutions, has officially announced the launch of its initial public offering (IPO), opening for subscription on July 10 and closing on July 14. The company has set a price band of ₹387 to ₹407 per share, with a minimum bid lot of 36 shares and in multiples thereafter. This IPO marks a significant milestone for Smartworks as it attempts to capitalize on the post-pandemic boom in flexible and managed office spaces across India. 💼 Revised IPO Details and Market Valuation Smartworks has…

07 Jul

Trump Threatens 10% Tariff on “Anti‑American” BRICS Allies — Market Ripples Follow

MFNewsBreaking News, Business, Mutual Funds, Opinions, Shares, Technology

#BRICS #TrumpTariffs #TradeWar #USChina #GlobalMarkets #DollarDominance #DeDollarization #EconomicPolicy #MarketUpdate #GeoEconomics Mumbai: In a dramatic escalation of trade tensions, U.S. President Donald Trump announced on Monday that any nation aligning with what he termed “Anti‑American policies” of the BRICS bloc will face an additional 10% unilateral tariff. In a post on Truth Social, Trump warned: “Any Country aligning themselves with the Anti‑American policies of BRICS, will be charged an ADDITIONAL 10% Tariff. There will be no exceptions to this policy. Thank you for your attention to this matter!” The announcement comes hot on the heels of Monday’s BRICS summit in Rio…

06 Jul

Annual Report Card: ICICI Prudential, HDFC, and SBI Lead India’s Mutual Fund AUM Surge; Industry Grows 22% YoY

MFNewsBreaking News, Business, Mutual Funds, Opinions, Shares, Technology

#MutualFundsIndia #AUMGrowth #ICICIPru #HDFCMF #SBIMF #InvestmentTrends #SIPIndia #RetailInvestors #DigitalFinance #ETFs #PassiveInvesting #FinancialInclusion #IndiaGrowthStory #WealthCreation #FintechIndia #MutualFundsSahiHai Mumbai — India’s mutual fund industry continues its phenomenal ascent, growing by a staggering 22% year-on-year. According to the latest annual data released by AMFI (Association of Mutual Funds in India), the Assets Under Management (AUM) of the Indian mutual fund industry increased from ₹58.96 lakh crore in FY24 to ₹72.14 lakh crore in FY25, showcasing strong investor confidence, robust economic fundamentals, and consistent equity market performance. Among the biggest contributors to this surge were industry giants ICICI Prudential Mutual Fund, HDFC Mutual Fund,…

06 Jul

India’s Mutual Fund Industry Set to Cross ₹130 Lakh Crore AUM by FY30: Bajaj Finserv AMC

MFNewsBreaking News, Business, Mutual Funds, Opinions, Shares, Technology

#IndianEconomy #MutualFundsIndia #InvestmentGrowth #BajajFinservAMC #GDPGrowth #FinanceNews #MutualFundAUM Mumbai, July 6, 2025 — The Indian mutual fund industry is poised for unprecedented growth over the next five years, with assets under management (AUM) projected to cross ₹130 lakh crore by FY2030, according to Ganesh Mohan, CEO of Bajaj Finserv Asset Management Company (AMC). This ambitious outlook reflects India’s accelerating economic momentum, evolving financial habits, and a conducive regulatory environment that continues to deepen the reach of mutual funds across the country. Mohan, speaking at an industry event, emphasized that India’s mutual fund industry is mirroring the trajectory seen in China a…

06 Jul

Capital Gains Tax in India Explained: What You Pay on Property, Stocks, and Mutual Funds

MFNewsBreaking News, Business, Health, Mutual Funds, Opinions, Shares, Technology

#CapitalGainsTax #TaxPlanning #MutualFundTaxation #RealEstateTax #EquityTaxation #FinancialFreedom Chandigarh | July 6, 2025 Whether you’re selling a piece of real estate, exiting a stock investment, or redeeming mutual fund units, capital gains tax is a key part of your financial journey. Understanding how capital gains are calculated and taxed is crucial for preserving your returns and optimizing your tax liability. Capital gains tax is levied when you sell a capital asset — such as property, stocks, or mutual funds — at a profit. But the rate of tax you pay depends primarily on: The type of asset sold The duration for which…

06 Jul

India’s First Defence Mutual Fund Turns Two: HDFC Defence Fund Delivers Nearly 60% Return Since Launch

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

#HDFCDefenceFund #DefenceMutualFund #IndiaDefence #SectoralFunds #MutualFundsIndia #AtmanirbharBharat By Lavanya Singla | July 6, 2025 India’s pioneering sectoral mutual fund dedicated to the defence and allied industries — the HDFC Defence Fund — has completed two years since its inception, and it’s doing more than just making headlines. As of May 30, 2025, the fund has delivered a stellar return of 57.71% since launch, outperforming traditional large-cap indices and shining a spotlight on the country’s growing defence sector. Launched on June 2, 2023, by HDFC Mutual Fund, the scheme is India’s first and only mutual fund specifically targeting companies involved in defence…

06 Jul

Elon Musk Launches “America Party” in Bold Challenge to U.S. Political Establishment

MFNewsBrands, Breaking News, Opinions, Technology, Travel

#AmericaParty #ElonMusk #NewParty2026 #UnipartyBreakup #FreedomFirst #MuskForChange #ThirdParty2026 #ElonMuskPolitics #DisruptTheSystem #TechInPolitics By [Lavanya] | July 6, 2025 WASHINGTON, D.C. — Tech billionaire Elon Musk has launched a new political party — the America Party — in a dramatic move aimed at disrupting what he calls the “uniparty” control of Washington, D.C. The announcement, made on July 5 via his social media platform X (formerly Twitter), marks Musk’s most direct entry into American politics and has already begun reshaping the national conversation ahead of the 2026 midterms. “Today, the America Party is formed to give you back your freedom,” Musk wrote in…

05 Jul

National Consumer Helpline Facilitates ₹7.14 Crore in Refunds Across India in Just Two Months

MFNewsBrands, Breaking News, Opinions, Shares, Technology, Travel

#ConsumerRights #NationalConsumerHelpline #ECommerceComplaints #RefundSuccess #ConsumerAwareness #NCH1915 #DigitalGrievanceRedressal #AtmanirbharBharat New Delhi — The National Consumer Helpline (NCH), a flagship initiative of the Department of Consumer Affairs, Government of India, has successfully enabled ₹7.14 crore in refunds to consumers across India over the past two months, demonstrating its critical role as a pre-litigation grievance redressal platform. Between April 25 and June 30, 2025, NCH addressed over 15,426 consumer complaints spanning 30 sectors, offering a seamless and accessible mechanism for consumers to resolve disputes without resorting to lengthy legal proceedings. 🛍️ E-Commerce Tops Complaints, But Also Refunds The e-commerce sector once again emerged as…

05 Jul

India’s Toy Industry Now Exports to 153 Countries

MFNewsBrands, Breaking News, Business, Entertainment, Opinions, Travel

#ToyBiz2025 #MakeInIndia #ToyExports #AtmanirbharBharat #IndianManufacturing #ToyIndustry #PiyushGoyal #MSME #InnovationInToys #IndianStartups #QualityToys New Delhi — India’s toy industry is undergoing a transformation of historic proportions. Once heavily reliant on imports, the industry has now emerged as a manufacturing powerhouse, exporting toys to as many as 153 countries, Union Minister of Commerce and Industry Shri Piyush Goyal said while addressing the 16th Toy Biz International B2B Expo 2025 in New Delhi. Goyal hailed this transformation as a shining example of Atmanirbhar Bharat (self-reliant India) in action, citing robust government support, the enforcement of stringent quality standards, and the development of local manufacturing ecosystems…

05 Jul

SEBI Cracks Down on Jane Street: Bans Firm from Indian Markets, Orders ₹4,843 Crore Refund

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

#SEBI #JaneStreet #MarketManipulation #FuturesAndOptions #DerivativesTrading #IndianStockMarket #AlgoTrading #FinancialRegulation Mumbai — In a landmark move that signals a tougher regulatory stance against market manipulation, the Securities and Exchange Board of India (SEBI) has banned global quantitative trading giant Jane Street and its affiliated entities from participating in the Indian securities markets. The action comes after the regulator uncovered a complex, high-frequency trading scheme that allegedly resulted in unlawful earnings of ₹4,843.57 crore over a two-year period. The interim order, running over 100 pages, accuses Jane Street of deploying manipulative strategies using index derivatives—particularly on the Nifty 50 and Bank Nifty—on weekly expiry…