'Looking For High-Scoring Partnership': Modi Bats For Youth, Farmers, MSMEs & Global Trade
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Economic Times
24 minutes ago
- Economic Times
Choice AMC receives SEBI license to commence mutual fund business
Synopsis Choice AMC Private, a subsidiary of Choice International, has secured SEBI's final approval to operate as an asset management company for Choice Mutual Fund. This allows Choice Group to enter the investment management sector, expanding its financial services. iStock Choice AMC Private has received final approval from SEBI to act as asset management company for the Choice Mutual Fund. Choice AMC Private, a wholly owned subsidiary of Choice International, has received final approval from the Securities and Exchange Board of India (SEBI) to act as asset management company for the Choice Mutual Fund. This milestone paves the way for the Group's formal entry into the investment management space, expanding its offerings across the financial services spectrum, according to a press release. Also Read | International mutual funds beat domestic funds with up to 10% returns in July. What should mutual fund investors do now? With this regulatory greenlight, Choice will now initiate operations of its Asset Management Company, with a strategic and phased rollout beginning with passive investment products such as Index Funds and Exchange Traded Funds (ETFs). 'This approval marks a significant milestone in the expansion of our financial services portfolio and reinforces our long-term commitment to delivering comprehensive and accessible investment solutions. The mutual fund platform will initially focus on passive products, in line with our objective to build a stable, scalable, and professionally managed asset management business under a strong regulatory and governance framework,' said Arun Poddar, CEO of Choice International Ltd. Backed by its Pan-India presence, strong governance framework, and technology-led distribution capabilities, Choice Mutual Fund aims to bridge the gap between traditional financial advice and modern investment products. The company intends to serve retail, emerging affluent, and institutional segments through accessible products that deliver long-term value. This represents a natural progression in Choice's long-term strategy to empower investors with a broader, more modern set of tools to achieve their financial goals—be it through goal-based investing, SIPs, or broad-market index passive investing gains traction globally and in India, Choice Mutual Fund's entry reinforces the Group's vision of democratizing access to quality financial products and building a future-ready investment ecosystem. Also Read | Wealth creators: 12 equity mutual funds turn Rs 10,000 SIP to over Rs 10 crore since their inception Headquartered in Mumbai, Choice Group is a decade-old, diversified conglomerate offering services across finance, engineering, and consulting domains.
Hindustan Times
27 minutes ago
- Hindustan Times
India sets sail for Arctic waters with Russian partnership
Maritime transport is the backbone of international trade and the global economy. Over 80% of the volume of international trade is carried by sea, and the percentage is even higher for most developing countries. The ever-increasing volume of global maritime trade and the related increased global competition that can have a significant impact on the stability of maritime transportation demonstrate a reasonable need to improve the global transportation security. One of the most relevant ways to achieve these goals is to develop additional routes for the transit of goods. Indian Maritime(HT_PRINT) Countries worldwide are currently exploring alternative routes to supplement traditional shipping corridors and stabilize global supply chains. Recognising these trends, India, a nation reliant on maritime transportation due to its geographical location, has begun to actively pursue opportunities in Arctic shipping. According to the ministry of commerce and industry, in 2024, the volume of trade between Russia and India exceeded a record $70.6 billion, which is 9.2% higher than in 2023. Specifically, India imports unique crude oil blends from Arctic fields such as ARCO and Novy Port, diversifying its energy sources and reinforcing national energy security. The Northern Sea Route is of key importance to India's steadily growing economy. The development of this promising area of cooperation between the two countries has already received an impetus in the form of an initiative to create a sea corridor from the Indian port of Chennai to Vladivostok and back. The logical continuation of the initiative will be its interlinking with projects on the development of transit container transportation along the Northern Sea Route, implemented by Rosatom State Corporation with the active support of the State. The addition of India's key companies in maritime transportation and port operations will give a strong impetus to the project and allow India to develop existing as well as gain unique competencies to operate and maintain the Arctic Sea Container Line. This momentum also was further solidified in 2024 when India and Russia jointly established a working group focused explicitly on cooperation on the Northern Sea Route. Their collaboration includes initiatives to improve navigation safety, the possibility of training Indian sailors in polar navigation and the creation of joint projects in the field of Arctic shipbuilding. The Northern Sea Route is Russia's national transportation link in the Arctic which represents a compelling opportunity, offering substantial reductions in the transit distance between Europe and Asia—shortening the conventional 21,000 km journey to approximately 13,000 km. The first reference to the Northern Sea Route dates back to 1525, when the Russian envoy Dmitry Gerasimov came up with an idea of a shipping route through the Arctic Ocean. This proposal paved the way for maritime shipping between Russia and China and marked the start of Russia's endeavour to develop the Northern Sea Route, which celebrates its 500th anniversary in 2025. The route is extremely important for ensuring further development of the economy being the element of the creation of Russia's unified logistical space stretching from Murmansk to Vladivostok, uniting waters from Russia's western maritime border to the borders of the Asia-Pacific region. By shortening travel distances, the NSR supports global efforts toward decarbonising maritime logistics, contributing positively to environmental sustainability including through the use of the nuclear icebreakers, which are virtually no carbon dioxide emissions into the atmosphere. It is important to note that Russia is the only country in the world with a nuclear-powered icebreaker fleet. The fleet is operated by Atomflot, an enterprise of Rosatom State Corporation. Today, the Russian nuclear icebreaker fleet has taken on and multiplied all the advantages of the world's first nuclear icebreaker. Such infrastructure not only ensures safe maritime transit but aligns perfectly with global goals aimed at reducing environmental impact and enhancing sustainability in shipping. India has long understood the importance of its participation in Arctic projects and has confirmed its interest in cooperation in the region. According to India's strategic planning documents, including the country's vision in the context of participation in global maritime trade, India is analysing both current and possible future trends in global maritime trade to formulate objectives and guidelines for the present including in the Arctic. India's Arctic Policy (2022) document explicitly recognises the importance of NSR. The cargo traffic along the NSR is growing rapidly as well. Since 2018, when Rosatom took over the responsibility for operating the NSR infrastructure, the NSR cargo traffic has more than tripled reaching a new record in 2024 with approximately 37.9 million tonnes of cargo shipped along the route. This exceeds the previous maximum by 1.6 million tonnes. The volume of transit cargo exceeded three million tonnes. The increasing activity in the Arctic region underscores the importance of balancing economic gains with environmental stewardship. Furthering its commitment, India announced its Arctic Policy, clearly defining objectives related to climate research, infrastructure development, and international cooperation. India's ongoing scientific presence, particularly through the Himadri research station established in Svalbard in 2008, has significantly advanced global understanding of Arctic weather patterns, ocean chemistry, and biodiversity. Another important project in this context is the comprehensive environmental monitoring program initiated by Rosatom in 2021. The project uses advanced technologies to monitor the Arctic's marine and terrestrial ecosystems. Working with international experts, including from India, the programme systematically collects and analyses data through marine sampling, atmospheric sampling, and satellite monitoring. This holistic approach ensures that the Arctic is developed responsibly. Thе burgeoning partnership underscores India's role in promoting sustainable development. As global trade continues to expand, India's active involvement in Arctic maritime logistics supported by robust collaboration with Russia exemplifies a forward-looking approach, one that harmonises economic ambitions with global responsibility, paving the way for sustainable and resilient international trade networks. This article is authored by Sitakanta Mishra, Dean, School of Liberal Studies, Pandit Deendayal Energy University, Gujarat.
India Today
27 minutes ago
- India Today
Suzuki retail sales grow 14%, 1,13,600 two-wheelers sold in July 2025
Suzuki Motorcycle India Pvt. Ltd. (SMIPL), the Indian subsidiary of Suzuki Motor Corporation, Japan, reported total sales of 1,13,600 units in July 2025. This includes 96,029 units sold in the domestic market and 17,571 units exported to international overall sales saw a slight dip from the 1,16,714 units recorded in July 2024, strong retail demand in India continues to drive optimism for the company. Retail sales in the domestic market stood at 93,141 units, marking a 14% year-on-year growth over 81,730 units retailed in July last on the performance, Deepak Mutreja, Vice President – Sales & Marketing, Suzuki Motorcycle India Pvt. Ltd., said, 'We continue to receive strong support from our customers with retail sales of 93,141 units in the domestic market, a 14% growth over the same month last year. As we head into the festive season, we remain focused on delivering a seamless & satisfying experience to our customers and continue our efforts towards sustaining momentum in the months to come.' Suzuki Motorcycle India Private Limited (SMIPL) began its India operations in February 2006 and operates from its manufacturing facility in Kherki Daula, Gurugram, Haryana, with an annual production capacity of 1.3 million company's portfolio includes 125cc scooters, premium motorcycles (150cc and above), and big bikes, catering to a wide range of Indian the festive season approaches, Suzuki aims to strengthen its retail presence and product appeal across domestic and global to Auto Today Magazine- Ends
