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Mahindra Manulife is launching a BFSI sectoral fund, capitalizing on India's demographic dividend and financialization of savings. The fund aims to leverage both cyclical lending rebounds and secular growth in non-lending businesses like insurance and asset management. Valuations in PSU banks are attractive, and capital market intermediaries offer growth potential as India transitions to a nation of investors.
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The US president and Tesla boss were close allies before a dramatic falling out in recent weeks.
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Smarten Power Systems, a Delhi-based solar equipment manufacturer, is set to launch its IPO today. The company aims to raise Rs 50 crore through fresh issuance and offer for sale. The IPO will be priced at Rs 100 per share and will close on July 9. The proceeds will be used for expansion and working capital.
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News and Media
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