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Indian Overseas Bank to Launch Voice-Based UPI 123Pay for 850 Million Non-UPI Users in Partnership with NPST
07 Nov

Indian Overseas Bank to Launch Voice-Based UPI 123Pay for 850 Million Non-UPI Users in Partnership with NPST

MFNews0 CommentsBrands, Breaking News, Business, Entertainment, Health, Shares, Technology, Travel
#UPI123Pay #IndianOverseasBank #NPST #MissCallPay #DigitalIndia #FinancialInclusion #VoicePayments #FintechIndia #UPI #NPCI #AIinPayments #DigitalEconomy #BankingInnovation #IOB #UPIforAll #DigitalBharat Chandigarh: Indian Overseas Bank (IOB) has partnered with Network People Services Technologies Limited (NPST) to roll out UPI 123Pay, a voice-based Unified Payments Interface (UPI) solution designed for India’s 850 million non-UPI users. The system will be implemented in collaboration with MissCallPay, a fintech startup specializing in voice-led payment technologies. Reaching the Unbanked and Under-Connected The initiative targets users who either lack smartphones or are not comfortable using digital payment applications. This includes approximately 400 million feature phone users and millions more who face…
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SBI to Divest 6.3% Stake in SBI Funds Management via IPO; Total 10% to Be Listed
07 Nov

SBI to Divest 6.3% Stake in SBI Funds Management via IPO; Total 10% to Be Listed

MFNews0 CommentsBrands, Breaking News, Business, Entertainment, Opinions, Shares, Technology, Travel
#SBIFMLIPO #SBI #Amundi #MutualFunds #StockMarketIndia #IPOAlert #FinanceNews #InvestingInIndia #WealthManagement #DalalStreet #SBIGroup #IndianEconomy #FinancialMarkets #AssetManagement #IPO2026 Chandigarh: The State Bank of India (SBI), the country’s largest lender, has announced plans to divest 3,20,60,000 equity shares, representing 6.3007% of the total equity capital of its mutual fund arm, SBI Funds Management Limited (SBIFML), through an Initial Public Offering (IPO). The move is subject to obtaining necessary regulatory approvals. Alongside SBI, Amundi India Holding, the joint promoter of SBIFML, will divest 1,88,30,000 equity shares, equivalent to 3.7006% of SBIFML’s total equity. Together, both promoters will offload a combined 10.0013% stake, amounting to 5,08,90,000…
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IHCL EXPANDS PRESENCE IN CHENNAI, SIGNS A TAJ
07 Nov

IHCL EXPANDS PRESENCE IN CHENNAI, SIGNS A TAJ

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#IHCL #TajHotels #Chennai #ECR #HospitalityNews #HotelDevelopment #MGMHealthcare #TamilNaduTourism #LuxuryTravel #MICE Chandigarh: Indian Hotels Company (IHCL), India’s largest hospitality company, today announced the signing of a Taj hotel on ECR in Chennai, Tamil Nadu. This is a greenfield development. Ms. Suma Venkatesh, Executive Vice President – Real Estate & Development, IHCL, said, “Chennai’s hospitality landscape is shaped by its strong corporate base, anchored by the automobile industry and a thriving IT ecosystem. Driven by its cultural richness and infrastructure, the city also benefits from a steady influx of leisure travellers and a growing MICE segment. The signing of this new Taj…
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Emmvee Photovoltaic Power Announces ₹2,900 Crore IPO Price Band; Opens November 11
06 Nov

Emmvee Photovoltaic Power Announces ₹2,900 Crore IPO Price Band; Opens November 11

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#EmmveeIPO #SolarEnergy #RenewableIndia #IndianStockMarket #GreenEnergy #IPO2025 #DalalStreet #CleanEnergy #BSE #NSE #SustainableGrowth #InvestSmart #Mumbai Mumbai: Emmvee Photovoltaic Power, one of India's largest solar PV module and cell manufacturers, today announced the price band for its upcoming ₹2,900 crore Initial Public Offering (IPO). The Bengaluru-based renewable energy firm has fixed the price band between ₹206 and ₹217 per share. The IPO subscription will open on Tuesday, November 11, 2025, and close on Thursday, November 13, 2025. Retail investors can apply for a minimum lot of 69 shares, with the minimum investment starting at ₹14,973, based on the upper price band. Bids can…
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Kotak MF Launches ‘Rural Opportunities Fund’ to Tap into ‘New Growth Frontier of Bharat’
06 Nov

Kotak MF Launches ‘Rural Opportunities Fund’ to Tap into ‘New Growth Frontier of Bharat’

MFNews0 CommentsBrands, Breaking News, Business, Insurance, Mutual Funds, Shares, Technology
#KotakRuralFund #RuralOpportunities #NFO #ThematicInvesting #BharatGrowthStory #KotakMutualFund #IndianEconomy #InvestmentNews Mumbai: Kotak Mahindra Asset Management Company (KMAMC) has officially launched the Kotak Rural Opportunities Fund, an open-ended equity scheme designed to capture the investment potential arising from India's accelerating rural and semi-urban transformation. The New Fund Offer (NFO) is now open for subscription from November 6 and will close on November 20, 2025. A Structural Shift in the Rural Economy The fund's launch comes amid a consensus view among market observers that rural India is undergoing a fundamental economic shift, moving decisively beyond a sole reliance on agriculture. Nilesh Shah, Managing Director…
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IPO ALERT: SBI to Divest 6.3% Stake in SBI Funds Management (FIMF)
06 Nov

IPO ALERT: SBI to Divest 6.3% Stake in SBI Funds Management (FIMF)

MFNews0 CommentsBrands, Breaking News, Business, Entertainment, Mutual Funds, Opinions, Shares, Technology, Travel
#SBI #SBIFundsManagement #IPO #SBIFML #IndianStockMarket #Amundi #AssetManagement #ValueUnlock #MutualFundIPO #ChallaSreenivasuluSetty Mumbai: The State Bank of India (SBI), India's largest lender, announced today that its board has approved the sale of a 6.3% stake in its asset management arm, SBI Funds Management Limited (SBIFML), through an Initial Public Offering (IPO). This major development marks a significant step in realizing the value of one of India's leading financial institutions, with the IPO expected to be completed in 2026. 📈 Valuation & IPO Size Market sources and analysts familiar with the matter suggest that SBI could target a valuation of around ₹1 lakh…
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Data Meets Equity: Franklin Templeton Launches Multi-Factor Equity Fund (FIMF) Using Quantitative Model
06 Nov

Data Meets Equity: Franklin Templeton Launches Multi-Factor Equity Fund (FIMF) Using Quantitative Model

MFNews0 CommentsBrands, Breaking News, Business, Entertainment, Mutual Funds, Shares, Technology, Travel
#FranklinTempleton #QuantitativeFund #MultiFactorFund #NFO #FIMF #EquityScheme #QVSA #SystematicInvesting #MutualFundIndia Chandigarh: Franklin Templeton India has announced the launch of a new offering, the Franklin India Multi-Factor Fund (FIMF). This open-ended equity scheme will employ a sophisticated, multi-factor quantitative investment strategy to generate long-term capital appreciation by investing in equity and equity-related instruments. The New Fund Offer (NFO) for FIMF will be open for subscription from November 10 to November 24, 2025, with units priced at ₹10 each. The scheme will subsequently reopen for continuous sale and repurchase starting from December 2. 📊 The QVSA Quantitative Model The fund's core investment strategy…
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Milestone Achieved: Mahindra Last Mile Mobility Crosses 3 Lakh EV Sales Mark, Drives India’s Green Transition
06 Nov

Milestone Achieved: Mahindra Last Mile Mobility Crosses 3 Lakh EV Sales Mark, Drives India’s Green Transition

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#MahindraEV #LastMileMobility #EV300KMilestone #ElectricVehicles #SustainableMobility #MadeInIndiaEV #GreenFuture #CommercialEV #Treo #ZorGrand Chandigarh: Mahindra Last Mile Mobility Limited (MLMML), India's leading electric commercial vehicle manufacturer, has announced a landmark achievement, surpassing 300,000 electric vehicle (EV) sales to date. This makes MLMML the first OEM in India to cross this significant milestone in the commercial EV segment, firmly establishing its leadership in sustainable transportation. The company's impressive growth trajectory highlights a strong market shift towards electric mobility. Reflecting this acceleration, MLMML achieved the feat of selling its last 1 lakh EVs in just 12 months, underscoring robust customer acceptance and preference for its electric…
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ICICI Prudential Life Launches BSE 500 Enhanced Value 50 Index Fund for ULIP Customers
05 Nov

ICICI Prudential Life Launches BSE 500 Enhanced Value 50 Index Fund for ULIP Customers

MFNews0 CommentsBrands, Breaking News, Business, Entertainment, Health, Insurance, Mutual Funds, Shares, Technology
#ICICIPruLife #BSE500 #IndexFund #ULIP #ValueInvesting #IndianEconomy #WealthCreation #FinancialSecurity #ICICIPru Chandigarh: ICICI Prudential Life Insurance Company Limited has announced the launch of its new fund, the ICICI Prudential Life BSE 500 Enhanced Value 50 Index Fund. This offering, exclusively for the Company’s Unit Linked Insurance Plans (ULIPs), is designed to allow investors to participate directly in India's robust economic growth story by employing a systematic value investing strategy. 🎯 Fund's Investment Strategy: Focussing on Undervalued Gems The new index fund will mirror the BSE 500 Enhanced Value 50 Index. This index is constructed based on a rigorous, rule-based methodology, comprising 50…
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Prime Minister Hails Amul and IFFCO for Securing Top Global Cooperative Ranks
05 Nov

Prime Minister Hails Amul and IFFCO for Securing Top Global Cooperative Ranks

MFNews0 CommentsBrands, Breaking News, Business, Entertainment, Health, Opinions, Shares, Technology
#Amul #IFFCO #CooperativeSector #GlobalRanking #NarendraModi #SahkarSeSamriddhi #IndianCooperatives #ICA #WorldCooperativeMonitor #RuralDevelopment #PIB New Delhi: The Prime Minister, Shri Narendra Modi, has extended heartfelt congratulations to two of India's cooperative powerhouses, the Gujarat Cooperative Milk Marketing Federation Ltd (Amul) and the Indian Farmers Fertiliser Cooperative Limited (IFFCO), for their stellar performance on the global stage. Amul and IFFCO have secured the 1st and 2nd ranks, respectively, in the prestigious global ranking for cooperatives, bringing immense pride to the nation's cooperative sector. In a statement posted on X, the Prime Minister highlighted the significant role of the cooperative movement: "Congratulations to Amul and…
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