JioBlackRock MF Raises ₹17,800 Cr
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🗞️ JioBlackRock MF Raises ₹17,800 Cr in Debut
JioBlackRock Mutual Fund has raised a massive ₹17,800 crore through its maiden NFO — a strong signal of investors’ trust in India’s growing mutual fund market.
💬 Expert Take:
“This success reaffirms India’s retail investment depth and rising appetite for professionally managed funds.”
— Ravi Sharma, MF Analyst, QuantumEdge
🗞️ Emmvee Photovoltaic Files for ₹3,000 Cr IPO
Emmvee Photovoltaic aims to raise ₹3,000 crore via IPO to expand its solar module capacity and R&D investments.
🗞️ Smartworks Cuts IPO Size, Price Band Set
Smartworks has reduced its IPO size and fixed its price band at ₹387–407 per share, balancing funding needs with investor sentiment.
🗞️ Aadhaar OTP Mandatory for Key e-Filing Updates
The Income Tax Department now requires Aadhaar OTP for updating crucial details like mobile number and email ID on the income tax portal — boosting data security.
🗞️ Indians Eye UAE Golden Visa
More Indians are exploring the UAE’s golden visa for tax-free income and better life quality, with costs starting at around ₹23 lakh.
🗞️ No US Trade Deal May Cost India $5 Billion
India may lose up to $5 billion in exports to Vietnam if the US inks a trade pact with Hanoi — a call for stronger trade diplomacy.
🗞️ Gold Loan Securitisation Surges
Gold loans witnessed the fastest growth among all asset classes in the June quarter — indicating robust demand and secure lending options.
💬 Expert Take:
“Gold-backed lending continues to be India’s safe-credit buffer during tight liquidity cycles.”
— Anjali Desai, BFSI Strategist, FinEdge
🗞️ Indian Farmers Need $75 Billion Climate Investment
India’s farmers will need $75 billion in fresh investments to adapt to climate change impacts, says IFAD’s president — spotlighting agri-finance priorities.
📊 Market Updates
📉 Sensex: 83,442.50 ▼ −170.22 (−0.20%)
📉 Nifty 50: 25,461.30 ▼ −48.10 (−0.19%)
💵 USD/INR: ₹85.87 ▲ +0.47%
🛢️ Brent Crude: $68.82 ▲ +0.72%
🪙 Gold (24K): Global futures at $3,317.70/oz (domestic per‑10 g conversion pending)