India Observers

Jio Financial Services and BlackRock, have together asked SEBI, the group that checks on financial matters in India, to let them start a mutual fund business. They applied on October 19, 2023, and SEBI is thinking about it, as seen on their list on December 31, 2023. Also, a company from Kolkata named Abira Securities, which started in 2012 and works in stock broking, has asked again to start a mutual fund. They tried once before in April 2022. Another company, Angel One, already got a yes from SEBI in February 2023, and now they're just waiting for the final okay. India's mutual fund area is really busy with 45 companies and more wanting to join. This area handles more than Rs 50 trillion.  In 2023, three new companies started mutual funds in India: Bajaj Finserv Asset Management, Helios Mutual Fund, and Zerodha Fund House.  Bajaj Finserv and Helios will manage their funds actively, but Zerodha will do it passively. Next year, more companies like Old Bridge Capital Management...

  Reliance Jio, under the leadership of Mukesh Ambani, is gearing up to launch an affordable 4G-enabled laptop called JioBook, specifically aimed at students. The   laptop , previously showcased at the India Mobile Congress and available on the Government e-Marketplace for government officials, will soon be accessible to the public through Amazon and Reliance Digital Stores. Sporting a plastic body with the ‘Jio’ logo and weighing just 990 grams, the JioBook promises to be faster than its predecessor, running on the JioOS operating system. It boasts a Qualcomm Snapdragon 665 processor, 2GB RAM, 32GB storage, and a HD webcam. Scheduled for release on July 31, the JioBook operates on JioOS, a modified version of Android, offering 4G and Wi-Fi connectivity options. With an 11.6-inch HD display, a Qualcomm Snapdragon 662 processor, 2GB of RAM, and 32GB of storage, the laptop aims to cater to budget-conscious consumers. Previously available in select cities at around Rs. 16,000, it...