Agency News

Mumbai, October 8, 2024: Bombay Chamber organised its annual Mutual Fund Conclave yesterday at the St Regis Hotel, Mumbai. The theme of the Conclave was India’s growth funded by Indians.In her welcome address, Pinky Mehta, President, Bombay Chamber and CFO, Aditya Birla Capital, said, “The Assets Under Management (AUM) of India's mutual fund industry rose by an impressive 40.70% over the past year, climbing from ₹46.94 lakh crore in August 2023 to ₹66.04 lakh crore in August this year, as reported by the Association of Mutual Funds in India (AMFI). Recognising this expanding market, SEBI has introduced a simplified regulatory framework for launching passive mutual fund schemes, known as MF Lite. This initiative aims to reduce compliance burdens and encourage new entrants into the mutual fu...

Mumbai, October 8, 2024: Bombay Chamber organised its annual Mutual Fund Conclave yesterday at the St Regis Hotel, Mumbai. The theme of the Conclave was India’s growth funded by Indians.In her welcome address, Pinky Mehta, President, Bombay Chamber and CFO, Aditya Birla Capital, said, “The Assets Under Management (AUM) of India's mutual fund industry rose by an impressive 40.70% over the past year, climbing from ₹46.94 lakh crore in August 2023 to ₹66.04 lakh crore in August this year, as reported by the Association of Mutual Funds in India (AMFI). Recognising this expanding market, SEBI has introduced a simplified regulatory framework for launching passive mutual fund schemes, known as MF Lite. This initiative aims to reduce compliance burdens and encourage new entrants into the mutual fu...

Bengaluru, India: Puravankara Limited (NSE: PURVA | BSE: 532891), one of India’s most trusted and admired real estate developers, recorded sales of Rs 1,331 crore for Q2FY25 vs Rs 1,128 crores in Q1FY25, up by 18%. The company also achieved a sale value of Rs 2,459 crore in H1FY25. Customer collections reached Rs 1,033 crores in Q2FY25 compared to Rs 879 crores in Q2FY24, up by 18% y-o-y. For H1FY25, customer collections increased to Rs 1,998 crores, up by 27% compared to Rs 1,575 crores for H1FY24.  Commenting on the company's performance, Ashish Puravankara, Managing Director, Puravankara Ltd., said, “In Q2FY25, we have achieved collections of Rs 1,033 crores and pre-sales of Rs 1,331 crores mostly from sustenance sales. Our performance continues to reflect robust housing demand across k...

Entrepreneurship is amalgamation of three eulogies viz Arts, Science and Commerce. An Entrepreneur must have technical knowledge, analytical business mind and art of organizing people, money, matter and process. Today, we are featuring 10 entrepreneurs whose journey is not only influential but also made a significant impact on society and contributed in building regional development.   1. Asif Raza Mr. Asif Raza, the visionary Founder, Chairman, and Managing Director of Raza Group, has transformed his father’s small contracting business into a diversified industry leader since 2002, Raza Group has grown its portfolio across multiple verticals, including construction, infrastructure, manufacturing, and media, establishing itself as a key player in these sectors. Committed to innovation and ...

Maintaining a healthy weight is essential for overall well-being, and one of the most effective ways to track your health goals is by using the Body Mass Index (BMI). The BMI calculator is a widely used tool that helps determine whether you fall within a healthy weight range based on your height. This article will provide a detailed BMI chart for men and women, explain how to calculate your BMI, and guide you on using the weight according to height chart to monitor your health.What is BMI?Body Mass Index (BMI) is a simple calculation that uses your height and weight to categorise your body weight. It serves as an indicator of whether you are underweight, normal weight, overweight, or obese. The BMI calculator is an easy and reliable way to assess your health risks related to weight, helpin...

The geopolitics of the Middle East has long been fraught with tension, especially between Iran and Israel. Given their entrenched positions, any military confrontation, particularly an attack by Iran on Israel, could have profound implications not only for the region but also for global financial markets.Among the critical assets that investors watch closely during geopolitical crises are gold andforex trading in the U.S. dollar. Gold has historically been seen as a haven asset during times of uncertainty, while the dollar serves as the world's primary reserve currency, often reacting predictably to global instability. Understanding how these two assets could respond amid heightened tensions between Iran and Israel is vital for investors and policymakers.Historical Context of Iran-Israel R...

New Delhi, 10th October 2024: The vibrant TV9 Festival of India commenced on the occasion of Durga Puja and created a buzz across the national capital. Organized at the Major Dhyan Chand Stadium in Delhi, this mega lifestyle expo hosted over 250 stalls from various countries. The festival, hosted by TV9 Network, will continue until October 13, 2024, promising a rich cultural experience filled with diverse activities, performances, and shopping opportunities. TV9 Network’s News Director, Hemant Sharma, emphasized the significance of Durga Puja as a celebration of power and strength. He stated, "Durga Puja is a festival of channelling strength, which we dedicate to the welfare of all. The essence of the festival is the public worship of the power and self-esteem of motherhood. TV9 Network, b...

CHENNAI- Habitat for Humanity’s Terwilliger Center for Innovation joined hands with Startup TN and Kerala Startup Mission for the launch of the M-Sand Innovation Challenge 2024. Officially announced at a sector event, the initiative aims to transform the landscape of affordable housing in India through the support and scaling of solutions that can increase supply and improve distribution channels of manufactured sand, or M-sand, as a sustainable and accessible alternative to river sand. The initiative seeks to address challenges stemming from India’s construction boom, which in turn generated a skyrocketing demand for sand, one of the sector’s cornerstones. For instance, India is the world's second-largest producer of cement, requiring huge amounts of sand. This has fueled an illegal indus...

Previously a special investigation team (SIT) informed the Bombay High Court that the BMC carried out a demolition in Powai on June 6 without authorization from the State Human Rights Commission (SHRC). Public prosecutor Hiten Venegavkar presented a status report following a complaint from 36 residents against BMC officials and a developer. The demolition was based on a complaint by Namit Keni, but the supporting documents were found to be fictitious.BMC's advocate, Poornima Kantharia, asserted the authority to address encroachments on private land.Justice Chavan pointed to a potential larger conspiracy, urging investigations into all involved parties. The petitioners were represented by advocates Ghanshyam Upadhyay, Swaraj Jadhav, and Mubarakka Lokhandwala.However the judges were of the v...

New Delhi, October 10, 2024 – Bharat Economic Forum (BEF) proudly announces the Viksit Bharat Leadership Award 2024, set to be presented during the BEF Annual Summit on December 21-22, 2024, at Bharat Mandapam, New Delhi. Alongside this prestigious event, BEF is excited to unveil the Journey of Unity program, a unique intercultural experience for global influencers, which will begin on March 23, 2025.These initiatives underscore BEF’s mission to celebrate leaders who are shaping India’s sustainable development and fostering global collaboration in line with the Viksit Bharat Mission and the United Nations Sustainable Development Goals (SDGs).Viksit Bharat Leadership Award 2024: Recognizing Visionary LeadersThe Viksit Bharat Leadership Award 2024 aims to recognize individuals and organizati...