Business - The Purbottar

14 Jan

UTI Flexi Cap Fund: A reliable option for long-term wealth creation

Business BureauBusiness

UTI Flexi Cap Fund, a flagship offering from UTI Mutual Fund, continues to stand out as a dependable investment option for long-term wealth creation. Launched in 1992, the fund has built a robust track record, with a corpus exceeding ₹26,000 crore as of December 31, 2024. Designed for investors seeking quality, growth, and valuation, the fund invests at least 65% of its assets across large-cap, mid-cap, and small-cap equities. The fund’s investment philosophy revolves around identifying high-quality businesses with strong Return on Capital Employed (RoCE) and Return on Equity (RoE), ensuring resilience even in challenging market conditions. With a focus…

14 Jan

Angel One warns investors of fraudulent social media groups and unauthorized investment schemes

Business BureauBusiness

Angel One Ltd, a prominent fintech player, has issued a warning to investors about fraudulent social media groups impersonating its name and executives. The company has observed a surge in unauthorized groups across platforms like WhatsApp and Telegram, misleading users into believing they are associated with Angel One. These fraudulent groups are involved in illegal activities, such as offering unregistered securities advice and making unauthorized claims about returns. Angel One emphasized that such groups violate regulations by offering investment advice without SEBI approval and misleading the public with false guarantees of returns. "We urge investors to verify the authenticity of…

14 Jan

DSP Mutual Fund launches India’s first BSE Sensex Next 30 Index Fund and ETF

Business BureauBusiness

DSP Mutual Fund has launched the DSP BSE Sensex Next 30 Index Fund and DSP BSE Sensex Next 30 ETF, marking India’s first investment products focused on the BSE Sensex Next 30 Index. These open-ended equity schemes aim to offer investors exposure to 30 companies just below the BSE SENSEX, showcasing potential for robust growth and market leadership. The BSE Sensex Next 30 Index includes high-growth large-cap companies often under-represented in traditional large-cap indices. Diversified across sectors, the index allocates 18% each to Consumer Discretionary and Commodities, 19% to Financial Services, and 10% each to Energy and Healthcare. This segment…

14 Jan

JVC enters Indian market with Premium QLED TVs, eyes Rs 500 crore revenue in 3 years

Business BureauBusiness

JVC, the renowned Japanese brand in consumer electronics, has officially entered the Indian market with its premium range of smart QLED televisions. With a legacy spanning nearly a century, JVC aims to revolutionize the home entertainment experience in India with cutting-edge technology and superior craftsmanship. The brand introduces a new series of AI Vision QLED TVs, including India’s first 40-inch QLED model, with prices starting at INR 11,999. The new range of JVC televisions, available exclusively on Amazon from 14th January 2025 during the Amazon Great Republic Day Sale, promises to offer exceptional picture quality with a resolution of 3840…

14 Jan

Vi’s MahaKumbh Mela live stream set to captivate millions with enhanced 4G network

Business BureauBusiness

The Maha Kumbh Mela, a once-in-12-years spiritual phenomenon spanning 156 km with 22 pontoon bridges, has been held from 13th January to 26th February, 2025, in Prayagraj, Uttar Pradesh. This massive event is expected to have a footfall of 40 crore pilgrims this year, making it one of the largest human gatherings. To make The Maha Kumbh Mela accessible to all, leading telecom operator Vi has partnered with Shemaroo to live-stream it on Vi Movies & TV. Vi customers can experience the Shahi Snans on Makar Sankranti (January 14), Mauni Amavasya (January 29), and Maha Shivratri (February 26), as saints…

13 Jan

Paytm shares fall 6%, down over 20% in five sessions

Priyanka RoyBusiness, News

Shares of One97 Communications, the parent company of fintech major Paytm, continued to decline for the fourth consecutive session on January 13. The shares fell to Rs 796.1, marking a decline of over 6 percent. Earlier, UBS had released a report citing NPCI data, which mentioned that Paytm did not gain any UPI market share in December. In October, Paytm received approval to add customers. Nevertheless, its share of the UPI market almost halved, falling from 10 per cent at the start of 2024 to 5.5 per cent by the end of the year. During the October-November period, Paytm's market…

11 Jan

Emami rebrands Fair And Handsome as Smart And Handsome, Kartik Aaryan named brand ambassador

Business BureauBusiness

Emami Ltd has launched a bold new identity for its iconic men’s grooming brand, Fair And Handsome, rebranded as Smart And Handsome. This transformation marks a significant milestone in the brand's journey, signaling its evolution into a comprehensive male grooming solution. Bollywood star Kartik Aaryan has been introduced as the brand ambassador, bringing youthful energy and style to the campaign. The rebranding reflects shifting consumer preferences toward holistic grooming that prioritizes skin health and individuality. With the tagline “Har Roz Handsome Code,” the brand aims to empower young men with effective grooming solutions for face, body, and hair. The refreshed…

11 Jan

Axis Max Life launches Sustainable Wealth 50 Index Fund

Business BureauBusiness

Axis Max Life Insurance Ltd., formerly known as Max Life Insurance Company Ltd., has introduced the Axis Max Life Sustainable Wealth 50 Index Fund. This innovative fund, the first of its kind in the insurance industry, is designed to invest in companies generating robust cash flows using a proprietary Sustainable Yield Index. The customised index will be computed and maintained by NSE Indices Limited. The fund focuses on 50 top-performing stocks from the Nifty 500 universe, selected based on Free Cash Flow Yield for non-financial companies and Dividend Yield for financial companies. Its asset allocation includes 80–100% equity and 0–20%…

11 Jan

Celebrate the harvest season with a nutritious twist of California Almonds

Business BureauBusiness

As India celebrates the Harvest Season with festivals like Makar Sankranti, Pongal, Lohri, and Baisakhi, it's a time for feasts and family gatherings. This year, California Almonds are taking center stage as a healthier alternative to traditional sweets. Known for their rich nutritional profile, almonds are packed with 15 essential nutrients, including protein, healthy fats, fiber, and vitamins. These "King of Dry Fruits" are a perfect addition to festive dishes, promoting better health while indulging in festive treats. With rising concerns about lifestyle diseases such as diabetes and obesity in India, including almonds in the diet offers a simple solution.…

11 Jan

Nissan launches ‘Bold For The Brave’ republic bonanza for armed forces and police

Business BureauBusiness

Nissan Motor India has announced its exclusive ‘Bold For The Brave’ Republic Bonanza for defence personnel, paramilitary forces, and state police, offering significant benefits on its flagship SUV, the New Nissan Magnite. The initiative celebrates India’s 76th Republic Day by extending gratitude to the country’s protectors. Serving personnel of the Indian Armed Forces can book the Magnite via the CSD AFD Portal, availing benefits ranging from ₹72,000 to ₹1 lakh. For Central Paramilitary and State Police forces, savings up to ₹23,000 are available through bookings at Nissan dealerships. The offers are valid until January 31, 2025. The Nissan Magnite, a…