Breaking News Archives - Page 99 of 134

30 Jun

Vedanta Metal Bazaar Crosses ₹40,000 Crore in Sales, Empowers MSMEs with Seamless Digital Access to Non-Ferrous Metals

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#VedantaMetalBazaar #VedantaMetalBazaarCrosses40000CrSales #VedantaMetalBazaarEmpowersMSMEs #MSMEDigitalAccess #MSME Chandigarh: In a significant milestone for India’s metals industry and the digital transformation of procurement, Vedanta Limited (NSE: VEDL), India’s leading conglomerate in critical minerals, energy, and technology, announced that its pioneering e-commerce platform, Vedanta Metal Bazaar, has surpassed a cumulative sales value of ₹40,000 crore (US$4.7 billion). Vedanta Metal Bazaar stands as the world’s largest non-ferrous metals e-store, offering over 1,200 stock-keeping units (SKUs) across key metals including aluminium, copper, zinc, and lead. Launched to democratize access to high-quality industrial metals, the platform has redefined the landscape of metal procurement, particularly for India’s Micro,…

30 Jun

Amir Chand Jagdish Kumar (Exports) Limited Files DRHP with SEBI for ₹550 Crore IPO

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#AmirChandJagdishKumarIPO #ACJKIPO #ACJKIPOFilesDRHPwithSEBI #ACJKIPOfor550Cr #IPO Chandigarh: Amir Chand Jagdish Kumar (Exports) Limited, known for its flagship brand “AEROPLANE”, has filed its Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) to launch an Initial Public Offering (IPO) aggregating up to ₹550 crore. The proposed IPO consists entirely of a fresh issue of equity shares with a face value of ₹10 each, aiming to fuel the company’s next phase of expansion, improve working capital, and support general corporate initiatives. The company is a prominent player in the processing and export of basmati rice, with a diversified…

30 Jun

Jio BlackRock Mutual Fund Debuts with Launch of Three Debt Schemes

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#Jio #JioBlackRock #JioBlackRockMutualFund #JioBlackRockMF3DebtSchemes Chandigarh: Jio BlackRock Mutual Fund, the newly formed joint venture between Jio Financial Services and BlackRock, has officially entered the Indian mutual fund industry with the launch of its first three debt-oriented investment schemes. The firm’s initial offerings include the JioBlackRock Liquid Fund, JioBlackRock Money Market Fund, and JioBlackRock Overnight Fund. All three schemes are open-ended in nature and fall under the debt category, catering primarily to conservative investors seeking low-risk, short-duration investment options. The New Fund Offer (NFO) for all three schemes opens today, June 30, and will remain open for subscription until July 2, 2025.…

30 Jun

दुनिया की सबसे बड़ी FWA सर्विस प्रोवाइडर बनने की राह पर रिलायंस जियो Jio – आईसीआईसीआई सिक्योरिटीज ICICI Securities

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#JioICICISecurities #Jio #ICICISecurities #JioICICISecuritiesFWA नई दिल्ली New Delhi: अमेरिका की सबसे बड़ी दूरसंचार कंपनी टी-मोबाइल को पीछे छोड़ कर दुनिया की सबसे बड़ी फिक्सड वायरलेस एक्सेस सर्विस प्रोवाइडर कंपनी बन सकती है रिलायंस जियो। सरल शब्दों में कहें तो घरों व दफ्तरों में उपलब्ध वाई-फाई सर्विस को FWA यानी फिक्सड वायरलेस एक्सेस सर्विस कहा जाता है। आईसीआईसीआई सिक्योरिटिस ने रविवार को जारी एक रिपोर्ट में बताया कि रिलायंस जियो के पास जून 2025 तक दुनिया के सबसे अधिक FWA ग्राहक होने की संभावना है। टी-मोबाइल के आंकड़े बताते हैं कि मार्च 2025 में कंपनी के पास 68 लाख 50 हजार…

30 Jun

Credila Financial Services Limited Files UDRHP-I with SEBI to Launch ₹5,000 Crore IPO

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#CredilaFinancialIPO #IPO #CredilaFinIPOSEBI #CredilaFinIPO5000cr #CredilaFinIPOSEBIUDRHP Chandigarh: Credila Financial Services Limited, a prominent Indian non-banking financial company (NBFC) specializing in education financing, has officially filed its Draft Red Herring Prospectus (UDRHP-I) with the Securities and Exchange Board of India (SEBI), signaling its intent to launch an Initial Public Offering (IPO) to raise capital totaling up to ₹5,000 crore. This upcoming public issue will consist of a fresh issuance of equity shares worth ₹3,000 crore, alongside an offer for sale (OFS) of shares valued at ₹2,000 crore, each with a face value of ₹10 per equity share. The Offer for Sale will…

28 Jun

Pine Labs Limited Files DRHP with SEBI for ₹2,600 Crore IPO; Offer Includes Fresh Issue and Major OFS

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#IPO #PineLabsLimitedIPO #PineLabsFilesDRHPwithSEBI #PineLabsIPO2600Crore Chandigarh: Pine Labs Limited, a prominent Indian fintech company specializing in digital payments, merchant commerce, and issuing solutions, has taken a significant step toward entering the capital markets. The company has filed its Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) for an initial public offering (IPO) that aims to raise substantial funds for future expansion and strategic initiatives. Offer Structure: Fresh Issue and Offer for Sale As per the DRHP, the IPO will consist of a fresh issue of equity shares aggregating up to ₹2,600 crore and an Offer…

28 Jun

Wakefit Innovations Files DRHP with SEBI; Plans ₹468 Cr Fresh Issue as Part of Upcoming IPO

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#WakefitInnovations #WakefitInnovationsDRHPwithSEBI #WakefitInnovationsDRHPSEBI #WakefitInnovationsIPO #WakefitInnovationsIPO468Cr Chandigarh: Wakefit Innovations Limited, India’s leading direct-to-consumer (D2C) home and sleep solutions brand, has taken a major step towards going public. The Bengaluru-based company filed its Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) to raise funds through an Initial Public Offering (IPO). According to the DRHP, the IPO will consist of a fresh issue of equity shares aggregating up to ₹468.2 crore and an Offer for Sale (OFS) of up to 5.84 crore equity shares by existing shareholders. The OFS will see participation from the promoters—Ankit Garg and…

27 Jun

JioBlackRock Broking Secures SEBI Approval to Launch Brokerage Operations in India

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#JioBlackRock #JioBlackRockBroking #JioBlackRockSEBIApproval #JioBlackRockBrokerageOperations #JioBlackRockIndiaMilestone paves way for end-to-end, tech-driven investment ecosystem under the JioBlackRock banner Mumbai: In a major development set to further transform India’s digital investing landscape, JioBlackRock Broking Private Limited has received final approval from the Securities and Exchange Board of India (SEBI) to commence operations as a licensed brokerage firm. The broking arm is a wholly owned subsidiary of JioBlackRock Investment Advisers Private Limited, itself a joint venture between Jio Financial Services Limited (JFSL) and global asset management giant BlackRock Inc.. The SEBI nod marks the third and final regulatory approval required to fully activate the…

27 Jun

SEBI Issues Clarification on Mutual Fund Portfolio Rebalancing Rules for Passive Breaches

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#SEBI #SEBIClarificationMutualFund #SEBIMutualFund #MFRebalancingRules New directive brings uniformity in compliance timelines across all types of breaches, reinforcing investor protection Mumbai: In a move aimed at reinforcing transparency and consistency in mutual fund operations, the Securities and Exchange Board of India (SEBI) on Thursday issued a clarification regarding the treatment of passive breaches in actively managed mutual fund portfolios. The clarification mandates that all passive breaches—irrespective of the cause—must be addressed within the same rebalancing timelines outlined in the SEBI Master Circular, specifically paragraph 2.9. Understanding Passive vs. Active Breaches In mutual fund portfolio management, a breach refers to a situation where…

27 Jun

Bank of Baroda Organizes MSME Outreach Program in New Delhi to Strengthen Sector Growth

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#BankofBaroda #BOB #BankofBarodaMSMEOutreachProgram #BOBMSME #BankofBarodaSectorGrowthStrategic initiative aims to deepen engagement with MSME stakeholders and enhance financial inclusion Chandigarh: In a move that underscores its commitment to empowering India’s Micro, Small, and Medium Enterprises (MSME) sector, Bank of Baroda (BoB)—one of India’s premier public sector banks—successfully conducted an MSME Outreach Program in New Delhi. The event was held with the goal of fostering stronger relationships with existing MSME clients and reaching out to emerging enterprises across the South Delhi Region. As MSMEs continue to play a pivotal role in India’s economic development—accounting for nearly 30% of the country's GDP and a…