
NFO Alert: Samco Mutual Fund launches large & mid cap fund
Samco Mutual Fund introduces SAMCO Large & Mid Cap Fund. The new fund offer begins on June 5 and closes on June 19. This fund combines large-cap stability with mid-cap growth. It uses the C.A.R.E. Momentum Strategy. The fund invests in the top 250 companies. Minimum investment is Rs 5,000 or Rs 500 via SIP.
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India.com
5 minutes ago
- India.com
Noel Tata's mega plan, this company eyes Rs 70000000000 value of…, from ‘Aashiyana' in…
Tata Steel plans to double the gross merchandise value (GMV) of its homebuilding e-commerce platform 'Aashiyana' to about Rs 7,000 crore in FY 2025-26, a senior company official said. For the first time, the steel giant is also exploring the addition of non-Tata Steel products to broaden its range of offerings, the official added. 'All of the GMV on 'Aashiyana' currently comes from Tata Steel products, but we do plan to expand our offerings in the near future,' Tata Steel VP (Long Products) Ashish Anupam told PTI. Tata Steel Eyes Rs 7000 Crore GMV The platform recorded a GMV of Rs 3,550 crore in 2024-25, registering a 60 per cent year-on-year growth, and with the rollout of 'Aashiyana 3.0' – the newly launched version of the platform Tata Steel expects to double the GMV over the next one year, he said. Initially launched as a transactional e-commerce site, 'Aashiyana' has now evolved into a full-fledged content-to-commerce ecosystem designed specifically for individual home builders (IHBs) – a largely unorganised but significant segment of India's construction market, officials said. 'With 'Aashiyana', we are not just digitising the buying process, we are empowering individual homebuilders to make confident, informed decisions from blueprint to brick,' Anupam said. What Aashiyana Offers? The steel company said its upgraded platform offers over 300 curated home design plans, budget calculators, planning tools and AI-powered product recommendations. It also provides access to stage-by-stage construction guides, educational content across 31 topics, and omnichannel support through WhatsApp and chatbots. The platform has crossed 1.1 lakh registered users and seen strong uptake from the Indian diaspora. Orders have been placed from customers across 24 countries, led by the US, UAE and the Netherlands, the officials said. 'There's a growing interest among NRIs to build homes back in India for their families. 'Aashiyana' allows them to remotely plan and procure materials with greater confidence for their requirement back home,' he said. By offering tools such as material estimators, document vaults and visual inspiration boards, Tata Steel is aiming to position 'Aashiyana' not just as a commerce platform but as a homebuilding advisor, Anupam said. (With Inputs From PTI)


Indian Express
5 minutes ago
- Indian Express
PM Narendra Modi inaugurates Yellow Line, Bengaluru metro network expands to 96 km
Prime Minister Narendra Modi Sunday inaugurated Bengaluru metro's Yellow Line covering a distance of 19km, connecting RV Road to Bommasandra via Electronic City. Modi also undertook a metro train ride from RV Road (Ragigudda) metro station to Electronic City with Karnataka Chief Minister Siddaramaiah, Deputy Chief Minister D K Shivakumar, central ministers and other local parliamentarians and legislators. The Yellow Line has 16 stations and has been built at a cost of Rs 7,160 crore. The prime minister Sunday also laid the foundation stone of the Bengaluru metro's Phase-3 project worth over Rs 15,610 crore. The total route length of the project will be more than 44 km with 31 elevated stations. This infrastructure project is estimated to be completed by the end of 2029. Phase 3 will primarily serve underserved areas along Magadi Road and the western portion of the Outer Ring Road (ORR). According to sources, the 19-km ride on Bengaluru Metro's Yellow Line between RV Road and Bommasandra is likely to cost Rs 60 when commercial operations commence on August 11. Yellow Line operations will begin with three trains, stopping at all stations, running every 25 minutes. According to Bangalore Metro Rail Corporation Limited (BMRCL) authorities, this will amount to around 72 trips in each direction daily, with 18 hours of service and a passenger capacity of around 2 lakh per day. The corridor runs through major tech hubs housing companies like Infosys, Wipro, Biocon, Delta, and Tech Mahindra, and will improve connectivity to residential areas, hospitals, educational institutions, and industrial zones on Hosur Road. It is also expected to ease traffic congestion at the infamous Silk Board junction. Credit war breaks out The inauguration of Bengaluru Metro's Yellow Line also triggered a political face-off, with Chief Minister Siddaramaiah and Deputy Chief Minister Shivakumar accusing the Union government of contributing very little towards the city's flagship infrastructure project, while the BJP claims otherwise. Siddaramaiah said the Karnataka government has borne 87.37 per cent of the cost for the metro, with the Centre's share being just 12.63 per cent. 'Although it was agreed that both governments would invest in a 50:50 ratio, the Centre's funds, other than equity, have come in the form of loans, which must be repaid with interest by the state and the metro corporation. This means the burden on the state is 87.37 per cent,' he said after the inauguration of the Yellow Line. He pointed out that the state has so far spent Rs 25,387 crore on Phases 1, 2, 2A, 2B, and 3, along with Rs 3,987 crore for loan repayment, totalling Rs 59,139 crore in allocations. The Centre, he said, has released only Rs 7,468.86 crore from its treasury. The CM appealed to PM Modi to increase central support, stressing that Bengaluru's growth is critical for the nation's economy. 'We request the central government to prioritise Karnataka just like it prioritises Maharashtra and Gujarat,' he said. Deputy CM Shivakumar reiterated the charge, stating that the state's share for Namma Metro was 80 per cent compared to the Centre's 20 per cent. 'The Centre was supposed to bear 50 per cent of the land acquisition cost for the metro, but it hasn't given. Yet, we completed the project in the city's interest. Bengaluru is the second-highest tax contributor in the country but gets very little in return,' he told reporters. Shivakumar also launched a direct attack on the BJP, saying no BJP MP from Karnataka had brought even Rs 10 in funds for Bengaluru. 'Some MPs (referring to Tejasvi Surya) think tweeting and media coverage amount to achievement. MPs must keep aside politics and work for the welfare of the people,' he said. He also accused the Centre of neglecting Karnataka, citing pending MGNREGA dues and a lack of tax devolution parity with cities like Ahmedabad.


New Indian Express
5 minutes ago
- New Indian Express
Tenders floated for dugong conservation centre at Manora in Thanjavur
THANJAVUR: The Tamil Nadu Coastal Restoration Mission functioning under the Department of Environment, Climate Change and Forests has floated tenders for the construction of International Dugong Conservation Centre at Manora in Thanjavur district at a cost of Rs 28.58 crore. The project has to be completed within a period of 24 months. The tender was released on August 8, 2025 and the last date for submitting the bids is August 22, 2025 and on the same day the bids are to be opened. The project is to be implemented as part of the 'Tamil Nadu: Strengthening Coastal Resilience and the Economy Project (TN-SHORE)' and to be implemented with a loan from International Bank for Reconstruction and Development (IBRD). According to the bid documents, there will be a large main building shaped like a dugong, with two floors, which will have a digital immersive projection space, an aquarium, seagrass ecology research lab and a dugong research lab. A separate building for housing a Marine Museum will come up in the centre premises. The project includes construction of a staff quarters, a detention pond, a souvenir shop among other facilities. According to forest department officials, the centre will take up advocacy, education and capacity building activities to raise awareness about the importance of dugong conservation, promoting sustainable practices, and mobilizing global support for the protection of these charismatic marine mammals. It might be noted that the government of Tamil Nadu notified the area coming under Palk Bay as a 'Dugong Conservation Reserve' in 2022. The reserve covers the coastal water of Thanjavur and Pudukkottai districts with an area of 448 sqkm. According to estimates by experts, there are more than 200 dugongs in the Palk Bay. Dugongs are endangered mammals protected under the wildlife act.