The Wealth Company, supported by Pantomath Group, is set to launch its mutual fund business after Sebi’s approval. Madhu Lunawat will lead the company as MD & CEO. She is the first Indian woman to independently establish a non-institutional mutual fund house. The fund house aims to use technology to reach rural areas.
Geopolitical tensions and trade concerns are impacting hiring and consumer spending, particularly in the mass-market jewellery segment. Fluctuating gold prices have dampened demand in the sub-Rs 1 lakh category, while premium segments remain strong. Titan is focusing on lower caratage products and diamond expertise to stimulate demand amidst the prevailing uncertainty, hoping tax breaks will…
Allianz and Jio Financial Services are partnering for reinsurance in India. The 50:50 venture aims to deepen their presence. They also plan potential ventures in life and general insurance. This follows Allianz’s exit from its Bajaj Finserv venture. Jio Fin, a new financial services group, is expanding its offerings. Allianz seeks to play a key…
Ahaan Panday and Aneet Padda’s film ‘Saiyaara’ has made a strong debut. The movie earned Rs 20 crore on its first day. It surpassed initial box office predictions. The film performed well in several Indian cities. Trade analysts attribute the success to fresh casting and emotional storytelling. ‘Saiyaara’ has outperformed other films including Hollywood releases.
Reliance Retail has fully acquired the Kelvinator brand in India from Electrolux, aiming to strengthen its position in the competitive home appliances market. This acquisition, following a licensing agreement since 2019, allows Reliance Retail to directly manage and expand Kelvinator’s presence, intensifying competition with major players like Samsung and Voltas. Electrolux gained approximately $18.5 million…
SEBI is considering changes to scheme categorization, potentially allowing sectoral debt funds and investments in REITs and InvITs. The regulator is also exploring solution-oriented life cycle fund of funds with lock-in periods for goals like retirement. These funds could shift asset allocation over time, becoming more conservative as the target date approaches, with modifications to…
Reliance Industries reported a 76% surge in quarterly profit, reaching Rs 30,681 crore, driven by gains from stake sales and robust growth across its O2C, retail, and digital services. Jio’s strong performance, with an ARPU of Rs 209 and a large customer base, significantly contributed to the overall positive results.
Los Angeles Lakers eye Atlanta Hawks’ Onyeka Okongwu. This move follows Kristaps Porzingis’s arrival in Atlanta. Okongwu’s role might diminish. Lakers see a trade opportunity. He offers defense and rebounding. His contract is team-friendly. Lakers could offer draft picks and young players. Okongwu fits Lakers’ championship goals. The team needs frontcourt help after trading Anthony…
Ahaan Panday and Aneet Padda’s film ‘Saiyaara’ has made a strong debut. The movie earned Rs 20 crore on its first day. It surpassed initial box office predictions. The film performed well in several Indian cities. Trade analysts attribute the success to fresh casting and emotional storytelling. ‘Saiyaara’ has outperformed other films including Hollywood releases.
Aamir Khan and Genelia D’Souza’s ‘Sitaare Zameen Par’ has completed 29 days in theaters, grossing ₹163.40 crore. Despite a strong initial performance, the film’s earnings have slowed in its fifth week, facing competition from new releases like ‘Saiyaara,’ which had a promising debut. Aamir Khan has refused OTT release for big screen experience for the…
