Jio-BlackRock’s Big Move
Your daily dose of business news
🗞️ Mutual Funds Shift to Short-Term Corporate Bonds
Short-duration corporate bonds are seeing a major surge as mutual fund inflows hit a 2-year high. Debt fund managers are increasingly allocating to these instruments amid attractive yields and expectations of rate stability.
💬 Expert Take:
“Short-term bonds are ideal for managing duration risk while locking in favorable yields,” says debt strategist Arvind Rathi.
🗞️ 8th Pay Commission Faces Long Delay
Central government employees may have to wait over 2 years for the 8th Pay Commission. Analysts believe this signals a more cautious approach by the government toward fiscal spending.
🗞️ Canara Bank Cuts Loan Rates
Canara Bank has slashed home loan rates to 8.40% and personal loans to 11.05%. This move supports the bank’s FY26 strategy to drive credit growth across segments.
🗞️ India Plans Rare Earth Magnet Production
The government is planning to boost domestic manufacturing of rare earth magnets, vital for electric vehicles, electronics, and defense. The plan involves collaboration between PSUs and private firms to reduce reliance on imports.
🗞️ Jio‑BlackRock Gets SEBI Green Light
Jio‑BlackRock has received approval from SEBI to operate as an investment adviser. The joint venture aims to disrupt traditional wealth advisory with a digital-first approach.
💬 Expert Take:
“This is a game-changer for advisory‑led investing in India,” notes wealth tech analyst Shruti Vyas.
🗞️ NCLT Reserves Order in IREDA‑Gensol Case
The National Company Law Tribunal (NCLT) has reserved its order in the IREDA vs. Gensol case. The outcome could have implications for renewable energy contract enforcement.
🗞️ Coal India Sets ₹6,264 Cr Monetisation Goal
Coal India has targeted ₹6,264 crore under the National Monetisation Pipeline for FY26. The company will focus on leasing unused land and infrastructure to raise funds.
🗞️ Meesho Finalizes India Flip Before IPO
Meesho is in the final stages of shifting its domicile back to India ahead of its upcoming IPO. This signals growing startup confidence in Indian capital markets.
📊 Market Updates
📈 Sensex: 82,391.72 ▲ +256.22 (+0.31%)
📈 Nifty 50: 25,103.20 ▲ +100.15 (+0.40%)
💵 USD/INR: ₹85.42 ▶ stable
🛢️ Brent Crude: $69.71 ▲ +0.28
🪙 Bitcoin: ~$110,500 ▲ modestly
🪙 Gold (24K): ₹7,197/gram ▶ unchanged