Jio’s MF Venture Goes Live
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🗞️ Jio-BlackRock Mutual Fund Kicks Off
Jio Financial Services jumped 3.5% after it officially launched its mutual fund website and announced key leadership appointments. The Jio-BlackRock JV marks a major step toward democratizing investments in India’s rapidly growing MF market.
Expert Take:
“This is a power move—distribution + digital reach + trust. Expect faster adoption from first-time investors.”
🗞️ EMIs on ₹1 Cr Homes May Fall to ₹68,000
Home loan EMIs for ₹1 crore borrowings could drop by ₹8,000–₹10,000 if RBI delivers a 50 bps rate cut this fiscal. Lower rates may revive demand for luxury and mid-income housing.
Expert Take:
“This makes high-ticket real estate more attractive, especially for investors using leverage smartly.”
🗞️ Shein-Reliance Eye Global Market for ‘Made in India’ Apparel
Shein and Reliance plan to export India-made garments globally within a year. The JV could place Indian textiles on the fast-fashion map, leveraging Shein’s online dominance and Reliance’s supply chain.
🗞️ Starlink May Launch in India at ₹33,000 + ₹3,000/month
Starlink’s satellite internet may finally launch in India with an upfront device cost of ₹33,000 and monthly fees of ₹3,000. High-speed satellite internet could be a gamechanger for underserved rural and remote regions.
🗞️ L&T Bags Big Order from JSW Energy
Larsen & Toubro has secured a ₹1,000–₹2,500 crore contract for a pumped storage project in Maharashtra from JSW Energy. This supports India’s renewable energy storage ambitions.
🗞️ CBIC Clarifies on DIN in Tax Notices
CBIC clarified that quoting DIN (Document Identification Number) isn’t mandatory in all tax notices, especially system-generated ones. The move seeks to remove confusion on compliance standards.
🗞️ SBI Hands ₹8,076 Cr Dividend to Government
State Bank of India has given a whopping ₹8,076.84 crore dividend for FY25 to the Centre—one of the largest among PSUs this year. The payout adds fiscal buffer ahead of the Budget.
🗞️ Sunnova Faces Dealer Pushback Amid Financial Turmoil
Sunnova Energy, a US-based solar lender backed by loan guarantees, is under pressure from dealers fearing delayed payments and bankruptcy risks. The case raises concerns about over-leveraging in green lending.
📊 Market Update (as of June 9, 2025)
📈 Sensex: 82,445.21 (+0.31%)
📉 Nifty 50: 25,103.20 (+0.40%)
💸 USD/INR: ₹82.65 (-0.12%)
🪙 Bitcoin: $69,210 (+1.1%)
🛢️ Brent Crude: $78.95/barrel (-0.3%)
🏦 10Y G-Sec Yield: 6.96% (flat)