Andromeda Sales to foray into mutual fund distribution

[ad_1] Andromeda Sales and Distribution, the country’s largest loan distribution firm, is foraying into mutual fund distribution through a separate wholly owned subsidiary, Andromeda Wealth, a top official said.Also read:RBI status quo, likely dampener for long-duration fund investors“The strategic intent...

With two strong promoters, we do not have room for strategic investors: Vodafone CEO Akshay Moondra

[ad_1] Garnering the third largest anchor allotment in the country, Vodafone Idea’s follow-on public offer hopes to attain full subscription come April 18. In an interview with businessline Vodafone CEO Akshay Moondra defined his plans to plug gaps in the...

SiMa.ai raises $70 million in fresh funding

[ad_1] SiMa.ai, the software-centric, embedded edge machine learning system-on-chip company, announced it has raised an additional $70 million of funding led by Maverick Capital, with participation from Point72 and Jericho, as well as existing investors Amplify Partners, Dell Technologies Capital,...

‘I don’t have that kind of money’: Nirmala Sitharaman says she won’t contest Lok Sabha polls

[ad_1] Union Finance Minister Nirmala Sitharaman said on Wednesday that she will not contest the 2024 Lok Sabha elections, although the Bharatiya Janata Party asked her if she wanted to be a candidate.“I don’t have that kind of money to...

48% of “entitled” MPLAD funds in Gujarat remained unutilised between 2019-24, says ADR

[ad_1] About 48 per cent of the total ₹442 crore that were to be spent as MPLAD funds in Gujarat between 2019 and 2024, remained “unutilised”, stated Association for Democratic Reforms (ADR). Also read:Gujarat Pollution Control Board imposes ₹10-lakh environment damage...