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Jio-Blackrock gets Sebi nod; Sanlam ties up with Shriram

MUMBAI: The mutual fund space is seeing two new entrants. While Reliance Jio-BlackRock’s joint venture received Sebi approval to launch an asset management company (AMC), South Africa-based Sanlam joined Shriram Asset Management as a co-promoter with a strategic investment.Jio Financial Services and US-based BlackRock’s 50:50 JV-Jio BlackRock Asset Management-was cleared by Sebi to operate as…

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India world’s fastest-growing major economy: IMF upgrades 2025 & 2026 growth forecast to 6.4%; global growth lifted to 3.1% in 2026

The International Monetary Fund (IMF) has revised its forecast for India’s economic growth to 6.4% for both 2025 and 2026 — up from 6.2% and 6.3%, respectively, projected in its April 2025 World Economic Outlook — reaffirming India’s position as the world’s fastest-growing major economy. The IMF also modestly raised its global growth outlook to…

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‘No mention of trade in India-US talks during India-Pakistan crisis’

NEW DELHI: Government sources have denied former US President Donald Trump’s claims about using trade as leverage to broker peace between India and Pakistan amid heightened tensions.According to news agency PTI, discussions between Prime Minister Narendra Modi and US Vice President JD Vance made no mention of trade relations.“After Operation Sindoor commenced, Vice President Vance…

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GitHub CEO to software engineers: ‘Key for winning’ AI coding tools is in ….

Thomas Dohmke, CEO of GitHub GitHub CEO Thomas Dohmke says the “key for winning” with AI coding tools is maintaining the ability to quickly modify AI-generated code manually, rather than relying entirely on automated agents. Speaking on “The MAD Podcast with Matt Turck,” Dohmke emphasized that developers need flexibility to seamlessly transition between AI assistance…

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‘Hard way’ for Harvard begins: Trump admin slaps university with subpoenas; heat turns up over foreign student misconduct

File photo of campus of Harvard University in Cambridge (Pic credit: AP) US President Donald Trump’s administration on Wednesday intensified its action against Harvard University as the department of homeland security (DHS) sent subpoenas to the varsity over information related to the criminality and misconduct of foreign students on its campus. Taking to X, DHS…

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Aditya Birla Fashion and Retail demerger: Why does it seem that ABFRL shares plunged 67%? Here’s what’s happened

The restructuring plan, which received approval from ABFRL’s board in the previous year, entails the separation of the Madura Fashion and Lifestyle (MFL) division into a newly established entity — ABLBL (AI image) Aditya Birla Fashion and Retail demerger: ABFRL shares experienced a substantial decline of 67% to Rs 88.80 on the NSE during Thursday’s…

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